MeNews

U.S. stocks closed higher on Wednesday, with technology shares strengthening, Dell surging, and oil prices stabilizing. U.S. Treasury yields approached 5%, and global stock markets may face a 5%-8% correction. Trump said the strikes on Iran would end soon and that the Strait of Hormuz would be renamed the Trump Strait. The former British prime minister warned that failure to control debt would force emergency spending cuts. The Beige Book said the U.S. economy grew moderately, with AI and data centers serving as key supports. Tron’s USDT supply surpassed Ethereum’s for the first time. Broadcom’s Q3 results exceeded expectations, and its AI revenue guidance was raised. Robinhood Chain generated $3.75 million in daily fees, exceeding the combined total of Solana, ETH, and Base.

Grayscale Head of Research Zach Pandl stated on X that over the past year, ZEC’s price has risen from approximately $60 to approximately $1,500, but has not yet reached its valuation ceiling. ZEC’s market capitalization as a percentage of Bitcoin’s market capitalization has increased from less than 0.1% to approximately 1.5%; if its privacy features continue to lead, Zcash still has room to further expand its market share.

Killa notes that Bitcoin’s price action in 2023 differed significantly from the current phase: the 2023 range high was around 25k and failed to close above it, followed by a sharp decline; by contrast, the current weekly chart has formed a higher high and is consolidating within a range after the breakout. The historical maximum drawdown was approximately 77%, compared with about 54% in this cycle. If drawdowns continue to diminish and pullbacks become narrower, the main correction could be around 10–15%, corresponding to approximately 78k and 74k. Even if a similar pattern reappears, it does not necessarily mean the previous low will be broken. Open interest has reset, while the price remains above the high, indicating healthy market structure. The target remains 90k.

On September 30, Abracadabra initiated a liquidation proposal on Snapshot, proposing to liquidate the entire protocol and convert the remaining collateral into ETH to repay MIM holders on a pro rata basis. The assessment shows that approximately $900,000 could be recovered, while bad debt amounts to $21 million. Based on this estimate, each $1 of MIM face value would recover only approximately $0.04. If the vote passes, the liquidation process will begin, and the remaining collateral will be converted into ETH for repayment. Source ChainCatcher

ME News reports that Strategy Executive Chairman Michael Saylor proposed changing the dividend payment frequency for billions of dollars in preferred stock from semi-monthly or quarterly to daily, with the securities offering annualized yields of up to 12%. Strategy currently has more than $14 billion in preferred stock outstanding. The company previously raised funds by issuing common stock to purchase Bitcoin, but shifted to issuing perpetual preferred stock after the premium on its common stock relative to its Bitcoin holdings disappeared. The shareholder vote on the proposal will end on October 28.

ME News, September 30 (UTC+8) — ARK Invest founder Cathie Wood said in a post that ARK has added Kalshi, a privately held prediction market platform, to its ETF strategies. Wood said the Kalshi management team has performed excellently and is positioning itself early for the future development of prediction markets. She did not disclose the relevant details.

ME News reports that on September 30 (UTC+8), prediction market data showed that in the “Eagles vs. Bears” event, the trading probability of the “Yes” option for “Both teams score in the first quarter” fell from 50.0% to 9.0%, a 41.0-percentage-point decline in a single day.

ME News, May 7 (UTC+8) — A Pakistani official said on May 7 that relevant Pakistani departments held a meeting in the capital, Islamabad, that day to prepare for possible U.S.-Iran negotiations and even a potential signing ceremony in Islamabad. A Pakistani source also said that Pakistan’s military, police, and other relevant personnel held a joint meeting that day in Rawalpindi, a city near the capital, to determine security measures and other arrangements for possible U.S.-Iran negotiations next week. (Source: BlockBeats)

TON-based AI+DePIN project PinGo announced the expansion of its AI ecosystem with three new core segments: an AI Token Integration Platform (staking, governance, and cross-platform applications), an AI Infrastructure Platform (aggregating idle computing power worldwide), and an AI Skill Marketplace (monetization opportunities for creators and developers). This marks an important step in building a global decentralized AI+Web3 ecosystem. Following the announcement, token $PINGO rose approximately 24% in a short period.

BlackRock’s “Machine-Native Economy” report states that AI and digital assets are rapidly converging. Blockchain provides machine-readable assets and programmable settlement, while stablecoins may become the primary means of agent-to-agent transactions. By September 2026, the stablecoin market capitalization had exceeded $300 billion, and transaction volume in 2025 is expected to surpass $11 trillion, with annual compound growth of approximately 80%. Computing power may become a new market. Cloud providers’ combined revenue could reach $1.1 trillion by 2030, while rights to use computing power could be standardized, tokenized, and used for transfers and collateral. Computing-power futures may emerge in the future.

Reports say Trump plans to sign an executive order renaming artificial intelligence “superintelligence” (SI), and SpaceX and several technology leaders have already begun using the new term. Meanwhile, Senator Sanders and Representative Casar have introduced legislation to pause the development and deployment of related technologies until a dedicated federal regulatory agency is established. Trump said “AI” is a misleading term and that the renaming is intended to improve public perception; the industry generally views “superintelligence” as a hypothetical form of AI that has not yet been achieved, could significantly surpass humans, and possess the ability to improve autonomously.

ME News, May 7 (UTC+8) — Data disclosed by on-chain analyst Alex showed that global crypto card transaction volume reached $649 million in April 2026, up 192% year over year. The TRON network remained the leader with a 32% share, with its crypto card transaction volume exceeding the combined total of Ethereum and BNB Chain. By currency, USDT accounted for 62% of total crypto card transaction volume, while USDC accounted for 25%. (Source: MLion)

According to PANews, a comparison of finality times for the top 30 Layer 1 blockchains by market capitalization as of May 7: TON takes approximately 0.6 seconds, with total finality taking about 1 second; Avalanche C-Chain and BNB Smart Chain achieve irreversible finality in approximately 1 second; Hedera takes approximately 2–3 seconds; XRP Ledger and Stellar take approximately 3–5 seconds; Solana achieves delayed finality after approximately 32 slots; PoW chains such as Bitcoin and Litecoin still require confirmations from multiple blocks; Ethereum takes approximately 12.8 minutes (2 epochs), while Cardano takes approximately 1 day.

ME News, May 7 (UTC+8) — South Korea’s finance authorities have confirmed for the first time that virtual assets will be subject to taxation starting next January. The news was announced at a discussion jointly hosted by lawmaker Park Soo-young and the Korean Association of Tax Policy. The finance authorities are preparing to issue a notice from the National Tax Service and plan to soon launch the legislative notice process. Specific tax guidelines are currently being drafted and are expected to be made public shortly. (Source: MLion)

ME News, May 7 (UTC+8) — Prediction market data shows that trading volume for “76ers vs. Knicks” reached $1.6M over the past 24 hours, with market participation increasing significantly.

ME News reported on 5/7 that BNY announced a partnership with Finstreet and ADI Foundation to expand its crypto custody business into the Abu Dhabi Global Market, providing custody services to institutional clients, initially covering BTC and ETH. The services will later extend to the underlying blockchain infrastructure of ADI Foundation and gradually expand to stablecoins, real-world asset tokenization, and other regulated digital instruments.

Bitcoin has broken above the 365-day moving average, potentially signaling the start of a new bull market. However, momentum weakened after reaching a high of $87,400, and the market may pull back. In the short term, the on-chain unrealized profit margin has risen to 33%, often triggering profit-taking. If a pullback occurs, the primary support level is the 365-day moving average at $80,000, followed by the 200-day moving average at $71,000 and the on-chain realized price of approximately $67,000. The pullback could represent healthy consolidation.

ME News reported that on September 30 (UTC+8), a resident in Saint-Jean-de-Védas near Montpellier, France, was subjected to a cryptocurrency-related home-invasion extortion attack. Police acted swiftly after the incident and have arrested three suspects. It is reported that the victim had previously suffered a similar violent extortion attack over cryptocurrency on April 11 this year. (Source: ChainCatcher)

ME NEWS reports that U.S. President Donald Trump announced the launch of the AI-powered government portal America.gov in Washington and signed a related executive order. The new site is powered by Google Gemini and Grok, allowing users to ask questions in everyday language, receive answers, and, with authorization, directly handle government services. It is free, ad-free, and requires no registration. Trump thanked Musk, calling him a driver of reform, and said the project is still being refined.

ME NEWS reports that U.S. President Donald Trump announced the launch of the AI-powered government portal America.gov in Washington and signed a related executive order. The new website is supported by Google Gemini and Grok, allowing users to ask questions in everyday language, receive answers, and, when authorized, handle government affairs directly. It is free, ad-free, and requires no registration. Trump thanked Musk, calling him a driver of reform, and said the project is still being improved.

ME News noted that the PPV2 exploit attacks are ongoing, and assets belonging to users who have not revoked their approvals remain at risk. It recommends revoking them immediately. Reports show that one address lost 0.15246 WETH after a transaction; the attacker sent 99% to Titan Builder and kept only 0.0015 ETH, making recovery nearly impossible. Quit recommends that OpenSea verify and revoke approvals before accepting offers, and also verify the recipient’s approvals when transferring NFTs.