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.

ME News, September 23 (UTC+8) — Starcloud plans to build a space-based Bitcoin mining facility by the end of this year and launch a cryptocurrency-mining ASIC machine after its second spacecraft enters orbit later this year. Starcloud CEO Philip Johnston said the team will be the first to mine Bitcoin in space. (Source: ODAILY)

Reports indicate that the Doubao General Session team and the dialogue-focused post-training team have undergone major downsizing. The former was cut in half, with some employees transferred to Doubao’s commercialization and Feishu teams and the rest laid off; the latter was transferred to Horizon RL, Product Posttrain-Work, and other teams. Although Doubao’s DAU has exceeded 200 million, dialogue monetization has encountered bottlenecks and multimodal costs remain high, ByteDance is shifting its focus toward Doubao Professional, the Enterprise Edition, productivity scenarios on Feishu, e-commerce, and local services. The priority of optimizing the dialogue experience has declined, but the company is still improving dialogue efficiency and cost-effectiveness through model merging.

ME News reports that SpaceX plans to invest $5.5 billion in Texas to build a “next-generation vertically integrated semiconductor manufacturing and advanced computing” facility and advance the Terafab project. If subsequent phases are completed, the total investment could rise to $119 billion. Terafab was announced in March to produce chips for projects involving SpaceX, Tesla, and others. SpaceX and Tesla said that without chips, they would be unable to move forward and therefore need to build Terafab.

ME News reported on September 23 (UTC+8) that BVNK, Mastercard’s stablecoin payments infrastructure company, said customers can use a unified API to make cross-border payments, merchant payments, and fund transfers via the Stellar network. BVNK currently processes approximately $39 billion in annualized volume, with operations covering more than 130 countries and regions; Mastercard completed its acquisition of BVNK in August this year.

At the 2026 Consensus conference, Joseph Lubin said the digital asset treasury model was “a fairly profound innovation,” viewing Strategy, SharpLink, and BitMine as long-term stewards of the ecosystem, and stating that DATs (digital asset treasury projects) are highly valuable to us and traditional finance alike; however, blindly imitating DATs in fragile-token or unsustainable ecosystems would harm the ecosystem.

BitMart announces the listing of the KAIO/USDT trading pair at 22:00 on May 6. KAIO provides institutional-grade RWA tokenization infrastructure, connecting traditional funds with digital capital markets. It supports the issuance and distribution of compliant funds on Ethereum, Sei, Hedera, Solana, Aptos, and other blockchains, while enabling on-chain access to flagship strategies such as BlackRock’s ICS US Dollar Liquidity Fund, Brevan Howard’s Macro Fund, and Hamilton Lane’s Senior Credit Opportunities Fund.

ME News, May 6 (UTC+8) — According to CoinMarketCap market data, ETH has broken above $2,400 and is currently trading at $2,400.75, up 0.8% over the past 24 hours. (Source: CoinMarketCap)

Tessera has completed a $60 million Series A round led by a16z, announcing that it will use large language models and intelligent agents to reconstruct enterprise systems integration workflows and achieve end-to-end automation for the migration and upgrade of large-scale systems such as SAP within weeks. The funding will be used to expand its engineering, research, and operations teams, accelerate product deployment and market expansion, and focus on upgrades such as migrating from SAP ECC to S/4HANA. Within 18 months of its founding, the company has signed multiple million-dollar contracts and built a team of 30+.

Grayscale announced that it will rename the Grayscale Bitcoin Miners ETF to the Grayscale AI & Compute ETF, changing its ticker from MNRS to GCPU and its tracked index from the Indxx Bitcoin Miners Index to the Indxx High-Performance Computing Index. The fund will invest in AI infrastructure companies, approximately half of which are native AI computing companies, with the remainder consisting of digital infrastructure operators committed to transitioning to AI businesses, including companies transitioning from Bitcoin mining.

Blockaid disclosed that Ekubo Protocol’s custom extension contract on Ethereum was exploited, resulting in losses of approximately $1.4 million. The vulnerability was caused by the payment callback failing to verify whether the payer was the initiator of the lock or an authorized party. Attackers could use transferFrom to steal funds from users who had granted the contract an ERC-20 allowance. Currently, only users who authorized this v2 contract as a spender are at risk.

ME News, September 23 (UTC+8) — The Hong Kong Securities and Futures Commission announced that it has added Vebit to its list of suspicious virtual asset trading platforms and listed five related websites. The SFC stated that Vebit claims to provide spot, futures, and futures copy-trading digital asset services through the relevant websites, but the company is not licensed by the SFC and is suspected of engaging in unlicensed activities. (Source: ODAILY)

Duncan Chiu said at Shanghai Blockchain Week 2026 that a draft of the new licensing regime covering virtual asset trading services and custody is expected to be submitted to the Legislative Council for review in the second half of this year. Efforts will be made to pass it by the end of this year or early next year, making Hong Kong’s digital asset licensing requirements broadly clear. The setback to the US CLARITY Act could benefit Hong Kong in the long term; Hong Kong’s two licensed stablecoin issuers are currently testing applications across multiple scenarios.

Fidelity Global Macro Director Timmer said that AI-related trades have remained “dead money” for three months, with token spending and GPU rental rates flat or declining, while DRAM prices are the only exception, having risen. He believes AI will boost productivity over the long term and may raise the ceiling for noninflationary growth, thereby helping keep global debt sustainable. However, returns on current compute investments remain uncertain, while corporate capital requirements are growing at a pace of approximately $3.3 trillion.

ME News, September 23 (UTC+8) — Lin Chen, Deribit’s head of business development for the Asia-Pacific region, said in a post on X that some traditional large asset management institutions and high-net-worth clients/family offices have recently increased their allocations to the crypto market again, with individual transaction sizes reaching several billion dollars. Chen said these institutions primarily use derivatives, especially options portfolios, to manage position risk and exposure. These clients reentered the market after watching from the sidelines for approximately a year. (Source: PANews)

ME News reports that on-chain perpetual contract platforms such as Hyperliquid are quietly rising overseas. Founded by former Wall Street HFT engineers and funded without external VC investment, it has stood out among DEXs through its self-developed L1 blockchain and fully on-chain order book. Its launch of popular perpetual contracts involving Chinese assets, as well as offshore derivatives such as oil and gas, has made it a focus of regulatory attention and posed challenges to global financial regulation. Against the backdrop of stalled progress on the U.S. Clarity Act, offshore permissionless derivatives continue to develop.

Russian Deputy Finance Minister Alexey Moiseev said that Russia has approximately 20 million crypto users. The total value of citizens’ crypto holdings and related financial products is about 3.7 trillion rubles, with daily trading volume at approximately 5 billion rubles and annual volume at about 10 trillion rubles. Russia is advancing comprehensive regulation to create a transparent, legal market and clarify the rights and responsibilities of all parties. Starting July 1, 2027, criminal liability will be imposed for illegally organizing cryptocurrency trading, but ordinary individual transactions will not be included. The Central Bank and Ministry of Finance are also studying a domestic stablecoin. If USDT/USDC or similar assets are frozen by foreign issuers and the custodian is not at fault, investors will bear the losses.

ME News, May 6 (UTC+8) — According to Hyperinsight monitoring, during the sharp rebound in ZEC’s price, the “largest ZEC short” has once again resorted to its old tactic, restarting its position-adding and averaging strategy. Today, it continued increasing its short position at a rate of approximately 2,000 coins per hour (about $1 million).
The additions continued until four hours ago, and the short position has now grown to $12.6 million, with the average price rising to $461 and unrealized losses of approximately $2.4 million. This round of shorting was opened on March 10 at an entry price of approximately $210, which happened to be near the recent low.
The address earned its name because on October 10 last year, it opened a ZEC short at an entry price of $184 and continuously added to the position to average down and raise its average price. Its unrealized losses once reached as high as $21 million, but with sufficient funds, it brought the average price

BlockBeats reports that over the past six months, multiple domestic large-model companies have redone their pretraining, with data being the core issue: massive amounts of junk web content, duplicate corpora, and low-quality annotations were mixed into training sets, making them difficult to reverse even with larger models. Tencent’s Hunyuan rebuilt its data standards and cleaned its corpora, while Hy3 made data quality and diversity priorities. Alibaba and Baidu also strengthened data governance. Qwen3 used Qwen2.5 to clean documents and supplement mathematical and coding data, while ERNIE 4.5 added deduplication, low-quality filtering, a data map, and manual review. The sources are anonymous, and the specific companies have not been disclosed.