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.

According to market sources, GameStop CEO Ryan Cohen was banned for promoting a $56 billion takeover bid for eBay; he also listed related collectibles on eBay, with some bids reaching thousands of dollars. Previously, GameStop had made an unsolicited takeover proposal, despite trailing eBay in market capitalization, while its financing capacity and high debt risk have come under scrutiny. The eBay board may review the proposal this week, and the market is watching to see whether Cohen will escalate his efforts further.

ME News reports that Wall Street is hiring for the crypto sector, planning to expand businesses such as more regulator-friendly blockchain payments, wealth management, and Bitcoin ETFs during the Trump era. Several traditional financial firms currently have digital asset positions available, emphasizing the need for traditional finance experience. Morgan Stanley is hiring for an executive director-level digital asset product and financial crime role with a maximum salary of $265,000; BlackRock is hiring a digital asset director with a maximum salary of $270,000; Bank of America is hiring a senior engineer with a maximum salary of $200,000; and Fidelity is hiring a digital asset business engineer with a maximum salary of $255,000. Source: Foresight News

ME News disclosed on May 7 that crypto funds completed their rebalancing for Q1 2026. The DeFi fund increased its ENA allocation to 13.59% and removed AERO; its top five holdings are now UNI at 35.22%, AAVE at 21.36%, ONDO at 19.83%, CRV at 5.27%, and LDO at 4.73%. ETH’s weighting rose to 30.14%, surpassing SOL to become the largest holding; ADA ranked third at 17.96%, followed by AVAX, Hedera, and Sui. The adjustments were based on CoinDesk’s index methodology and aimed to optimize liquidity, custody, and market capitalization.

In September, the U.S. SEC proposed its first major update to transfer agent rules since the late 1970s, explicitly incorporating blockchain technology into considerations for securities registration, but not endorsing tokenization across the board. If ownership data is fragmented across token wrappers, SPVs, broker-dealer ledgers, and off-chain databases, the market could repeat the paperwork crisis. Fairmint recommends distinguishing between native on-chain registration and third-party wrappers, allowing digital identity and smart contracts to facilitate compliance, while maintaining that public blockchains can serve as the official record but wallet addresses cannot replace regulated transfer agents.

ME News reported on September 30 (UTC+8) that Polymarket introduced a series of user protection and anti-addiction measures. Users can set deposit limits, which cannot be immediately canceled once set. They can also request self-exclusion to temporarily or permanently deactivate their accounts. In addition, Polymarket partnered with Birches Health, an online gambling addiction treatment provider, to offer mental health support to users with a tendency toward addictive trading. (Source: Foresight News)

StepStone Group announced that it has joined the London Stock Exchange Group’s Digital Markets Infrastructure (DMI) platform. Integrated into LSEG Workspace, DMI aims to simplify professional investors’ access to private funds and facilitate private fund distribution through distributed ledger technology, lowering entry barriers. Its strategies cover private equity, private debt, and infrastructure.

DeepL announced plans to cut approximately 25% of its workforce, or around 250 employees, due to structural changes brought about by AI. The company has just over 1,000 employees. The wave of layoffs in the tech industry continues, with Meta, Microsoft, and others taking similar action. Founded in 2017, DeepL is a translation tool facing competition from ChatGPT and others. It raised $300 million in 2024 at a valuation of $2 billion and had previously considered going public in the United States.

MENews reported that Kalshi has not significantly outperformed traditional economists in forecasting U.S. nonfarm payroll data. Over the past 33 months, the average errors made by its traders and economists surveyed by Bloomberg both exceeded 60,000 jobs, while the error exceeded 90,000 when the April 2026 figure was released, showing no clear advantage. Some Wall Street economists believe prediction markets are more like a new form of gambling and lack analytical value regarding deeper data such as employment composition. Supporters, however, argue that they can update in real time and harness the wisdom of crowds, leaving room for improvement in the future.

Needham reaffirmed its Buy rating on SpaceX and maintained its $250 price target, with rapidly growing AI computing revenue as the core driver. The report said SpaceX’s announced computing deals would generate $54 billion in annualized revenue, supporting its goal of reaching $100 billion in total ARR by the end of 2026. In addition, Starship’s 14th flight reached orbit and deployed 26 Starlink V3 satellites, highlighting the company’s continued technological leadership in rocket recovery and constellation expansion.

Solv Protocol stated in an announcement regarding the dispute over a single BTC+ redemption that the subscription and redemption mechanisms are operating normally. The incident was triggered by a single transaction and subjected to a risk-control review. The assets involved have not been transferred or disposed of and remain in the protocol while undergoing review in accordance with risk-control procedures. The official statement said the matter will be handled based on verifiable information, with legal procedures followed when necessary, to ensure asset security and consistent risk-control standards. Previously, a user claimed that the redemption of approximately 50 BTC had been restricted for more than two months.

ME News, September 30 (UTC+8) — Prediction market data shows that in the “What price will Bitcoin reach in September?” event, the probability of the “Yes” option for “Will Bitcoin reach $85,000 in September?” plunged from 65.0% to 11.5%, a one-day decrease of 53.5 percentage points.

AI hyperscale cloud providers’ first-quarter earnings were largely driven by “other income” from changes in the valuations of equity stakes in private companies. Alphabet reported $37.7 billion for the quarter, accounting for more than half of its net income; Microsoft reported approximately $9.42 billion, while Meta therefore posted a loss of approximately $1.1 billion. Analysts said Alphabet and Amazon’s combined “other income” in 2026Q1 was approximately $53 billion, accounting for about 60% of their profits and highlighting the industry’s heavy reliance on valuation fluctuations in private-company equity investments.

ME News reports that Wall Street is hiring for the crypto sector, planning to expand businesses such as more regulation-friendly blockchain payments, wealth management, and Bitcoin ETFs during the Trump era. Several traditional financial firms currently have digital asset positions available, emphasizing the need for traditional finance experience. Morgan Stanley is hiring for an executive director-level digital asset product and financial crime role, offering up to $265,000; BlackRock is hiring a digital asset director, offering up to $270,000; Bank of America is hiring a senior engineer, offering up to $200,000; and Fidelity is hiring a digital asset business engineer, offering up to $255,000. Source: Foresight News

ME News, September 30 (UTC+8) — According to two people familiar with the matter, TSMC is evaluating a potential investment in Texas to expand its chip production capacity in the United States. This potential investment would be in addition to the $265 billion that TSMC had previously committed to invest in Arizona. (Source: ODAILY)

The UK Financial Conduct Authority announced that, effective immediately, it will accept authorization applications from cryptoasset firms under the new regulatory regime. Firms planning to continue operating in the UK should submit their applications by February 28, 2027. The regime will take effect on October 25, 2027, marking the first time the UK will comprehensively regulate crypto firms. The standards will cover consumer protection, custody of client assets, market integrity, and financial resilience. Submission does not guarantee approval, and firms that fail to meet the requirements will not be permitted to continue providing regulated services in the UK.

ME News, September 30 (UTC+8) — SBI Holdings, crypto payments company Mesh, and Money Forward announced plans to establish a joint venture to build a digital asset interoperability layer in Japan. The initiative will cover account interoperability between exchanges and wallets, compliant stablecoin infrastructure, and tokenized asset management, while connecting cross-border payment channels for digital assets, stablecoins, and fiat currencies. The project is scheduled to launch in the fourth quarter of 2026, subject to the signing of agreements and regulatory approvals. (Source: PANews)

Gold’s rebound continues as the market expects progress in U.S.-Iran negotiations. Disagreements over Iran’s proposal to reopen the Strait of Hormuz “conditionally and within seven days” center on the sequence of steps. Fed’s Williams boosted gold prices: the probability of another rate hike in October if the economy performs as expected fell from 70% to 45%. In the short term, focus will be on U.S.-Iran negotiations, Fed signals, and this week’s U.S. data, including ADP, PCE, ISM Manufacturing PMI, initial jobless claims, and nonfarm payrolls.