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U.S. Stocks End Three-Session Losing Streak; Dell Surges More Than 15% on Better-Than-Expected Earnings, While Treasury Yields Nearing 5% Raise Concerns About a Global Pullback
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.
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NAS100-0.39%
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META-4.81%
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Aave Founder: Considering Adding a Token Burn Mechanism to Aavenomics 3.0
Aave founder Stani Kulechov said that a token-burning mechanism is being considered for Aavenomics 3.0. The new framework focuses on AAVE value capture, protocol revenue distribution, and security incentives. It aims to continuously buy back AAVE and gradually establish automated, on-chain routine buybacks, reducing reliance on decisions by temporary committees.
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Apple Releases Important Update, Possibly Fixing a Zero-Day Vulnerability Related to Crypto Wallet Theft
ME News reported on September 29 that SlowMist CISO 23pds said Apple released an important update that may fix a zero-day vulnerability used to steal crypto wallets. Apple said it was aware of the reports and stated that the vulnerability may have been exploited in highly sophisticated attacks targeting specific individuals, affecting iOS 27 and earlier versions. SlowMist founder Yu Xian warned that criminal groups have exploited the vulnerability to steal crypto assets from iPhones, and recommended updating iPhones, iPads, and Macs to the latest versions as soon as possible, carefully installing apps from unknown sources, and avoiding opening unknown links in Safari or built-in browsers.
AAPL-0.76%
World Assets Completes $49 Million OTC Sale with a 1-Year Lock-Up Period
ME News reported on September 29 (UTC+8) that the World Foundation disclosed that World Assets, Ltd. had completed a series of OTC sales totaling $49 million. These sales were completed over the past month, and all sales are subject to a one-year lock-up period. Some sales have been settled, and the remaining WLD deliveries and settlements will be completed this week. (Source: BlockBeats)
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U.S. Democratic Representative: Supports Including Crypto Assets in Retirement Accounts and Modernizing Crypto Tax Laws
On May 7, at the Consensus 2026 conference in Miami, Steven Horsford expressed support for including crypto assets in retirement accounts but said legislation should not be rushed, with the relevant provisions potentially advanced later through a separate bill. He also introduced the PARITY Act, which he co-sponsored with Max Miller, focusing on clarifying the income and capital gains tax treatment of scenarios such as the sale of digital assets, staking rewards, and lending, addressing gaps in the outdated tax code through legislation.
New York bank expands digital asset custody business to the UAE
ME News, May 7 (UTC+8) — BNY, the world’s largest custodian bank, which manages $59 trillion in assets, is expanding its digital asset custody business to the United Arab Emirates through local partners. According to a press release issued Thursday, the global financial services giant is working with Finstreet and the ADI Foundation to build regulated digital asset infrastructure in the region centered on Abu Dhabi Global Market (ADGM). ADGM is Abu Dhabi’s financial free zone and has become a hub for crypto companies and blockchain projects entering the Middle East.
BTC-1.24%
ETH-0.16%
a16z Partner David George: OpenAI’s Advantage Lies in Creating New Customers and Distribution
David George pointed out that OpenAI’s core lies in creating new customers and long-term distribution, rather than relying solely on models, costs, or leading products. To build a frontier-scale AI business, it is necessary to create new behaviors, reach a large number of users, set prices and generate profits, and increase switching costs. Competition ultimately depends on the first two factors. OpenAI’s breakthroughs in chat interfaces, reasoning, tool calling, and other areas are building distribution through a platform-based approach. With a broad user base spanning consumers, professionals, and enterprises, along with a deep technology stack, it is enhancing reusable new models and foundational capabilities.
SEC Updates Token Buyback FAQ: Arrangements Without a Centralized Entity May Not Constitute Investment Contracts
ME News, September 29 (UTC+8) — The U.S. Securities and Exchange Commission updated its crypto FAQ on token buybacks, adding a provision stating that if there is no centralized entity behind a token buyback arrangement, the arrangement may not constitute an investment contract. Previously, Miles Jennings, a16z crypto’s general counsel and head of policy, said the original wording could mean that issuers would not create an investment contract merely by announcing a buyback plan. (Source: ODAILY)
Strategy CEO: Bitcoin Will Become a Global Digital Reserve Asset Within 10 Years, Rivaling the Dollar’s Status
ME News reported on May 7 (UTC+8) that Phong Le, CEO of Strategy (stock ticker: $MSTR), recently said he believes Bitcoin will become the global digital reserve asset over the next decade and its importance will equal that of the U.S. dollar. Phong
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BitMart Market Daily Report
ME News, May 7 (UTC+8) — According to BitMart’s market observation on May 7, BTC is currently trading at approximately $81,090, with an intraday high of approximately $82,752; ETH is trading at approximately $2,331.66, with an intraday high of approximately $2,421.57; and ZEC is trading at approximately $546.0, with an intraday high of approximately $603.35. Overall, major assets remained at elevated levels today, with BTC continuing to hold above $81,000, ETH returning to the $2,330 area, and ZEC trading within a highly volatile range. Market sentiment remains relatively strong.
BTC’s intraday trading range remains significantly wider than ETH’s, indicating that core assets continue to serve as the market’s primary pricing anchor. After retreating from its high, ETH has remained near the intraday midpoint, generally continuing its recovery in line with the broader market. ZEC’s intraday price swing was even more oscillation range.
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ETH-0.16%
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Trade xyz’s crude oil open interest fell 59% week over week, while U.S. stock contracts stepped in strongly to keep total open interest at elevated levels
ME News, May 7 (UTC+8) — According to monitoring by Hyperinsight, trading in traditional asset-mapped contracts deployed by Trade xyz on the Hyperliquid platform through the HIP-3 protocol has heated up. Daily trading volume rose 30.4% week over week to $3.3 billion, while open interest increased slightly by 4.78% to approximately $2.21 billion.
It is reported that the composition of traditional asset open interest has diverged. Affected by the continued pullback in oil prices, open interest in WTI crude oil and Brent crude oil was released significantly, with their combined open interest falling 59% week over week to $539 million.
Meanwhile, strong gains in U.S. stocks supported overall open interest at elevated levels. S&P 500 index contracts attracted an influx of funds as prices rose, driving open interest higher and placing them among the Hyperliquid platform’s open interest...
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Duan Yongping: He converted his entire holding in China Shenhua, a coal stock, into shares of trendy toy company Pop Mart.
ME News, May 7 (UTC+8) — Duan Yongping posted on social media that he had fully switched his holdings in coal company China Shenhua to trendy toy company Pop Mart (09992.HK). He also joked, “China Shenhua is a very good company, and our investment also generated very good returns. Thank you. If I have the opportunity in the future, I’ll come back again.” (Source: ODAILY)
A new round of SATO’s rally has begun, with the top two addresses each sitting on unrealized profits of over $360,000.
ME News reported on May 7 that on-chain analyst Ai Yi said sato had begun a new rally. The top-ranked address, runecrypto.eth, and the second-ranked address used ETH to build large positions in sato on May 6–7, with combined unrealized profits of approximately $760,000; the third-ranked address, 0x7F5…c8F2d, built its position from May 4–7. The two major accounts bought sato through the bonding curve during the downtrend. Its market capitalization had fallen below $3 million before later recovering to approximately $40 million.
ETH-0.16%
At the close of U.S. trading, semiconductor, memory, optical communications, and Neocloud stocks all declined, with ARM and CRDO each falling more than 8%
ME News, September 29 (UTC+8), according to market data from BIT (bit.com), the three major U.S. stock indexes all fell at Monday’s close (September 28). The Dow fell 0.67%, the S&P 500 fell 0.77%, and the Nasdaq fell 0.92%.
Semiconductor stocks mostly fell. Arm (ARM) fell 8.70%, Qualcomm (QCOM) fell 7.17%, Intel (INTC) fell 5.67%, Marvell Technology (MRVL) fell 3.83%, AMD fell 3.61%, and Nvidia (NVDA) rose 1.68%.
Most memory sector stocks fell. SK hynix (SKHY) fell 5.03%, SanDisk (SNDK) fell 3.65%, and Micron Technology (MU) fell
ARM-8.67%
CRDO-8.60%
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Middle East Situation Tracker: U.S.-Iran Talks Focus on the Strait of Hormuz and Nuclear Program; Trump Denies Willingness to Make Concessions on Sanctions and Assets
According to BlockBeats, Iranian officials are pessimistic about reaching an agreement before the U.S. midterm elections, as no substantive progress has been made on reopening the Strait of Hormuz or resolving differences over the nuclear program. The U.S. is demanding that Iran make commitments regarding the strait and make concessions on the nuclear issue, with sanctions relief to be discussed only after the nuclear issue is resolved. Trump expressed doubts about reaching an agreement and denied related reports. Qatar continues to mediate, while Iran’s foreign minister met with mediators in New York, outlined conditions for reopening the strait, and plans to submit them to the U.S. The June ceasefire memorandum has collapsed, and traffic through the strait remains below prewar levels. Market expectations have cooled, while Brent crude prices have risen to approximately $106 per barrel.
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Updated forecast for Bitcoin’s September price trend: The probability of falling below $82,500 has increased significantly
ME News, September 29 (UTC+8) — Prediction market data shows that in the “What price will Bitcoin reach in September?” event, the implied probability of the “Yes” option for “Will Bitcoin fall to $82,500 in September?” rose from 37.5% to 69.5%, an increase of 32.0 percentage points in one day.
BTC-1.24%
Raoul Pal: Cryptocurrency Is the “Universal Basic Equity” of the AI Era; Agents Will Account for Three-Fifths of DeFi Users Within 5 Years
At Consensus 2026, Raoul Pal said humanity will welcome smarter AGI as AI’s growth continues to accelerate. By 2028, AI will produce more text than the total amount generated by humans throughout history, achieving this within five years. After replacing human labor, the solution will be universal basic equity, enabling ordinary people to own underlying networks through crypto infrastructure tokens so that the Agent economy and humans can benefit together. Institutional adoption will also allow people around the world to buy BTC/ETH/SOL. If he had to choose one, he would pick Solana, and within five years, the user ratio of Agents to humans in DeFi will be 3:2.
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SOL-3.43%
Current funding rates on mainstream CEXs and DEXs indicate that the market still leans bearish.
ME News, May 7: Bitcoin briefly approached $83,000 before retreating, while funding rates on major CEXs/DEXs remained bearish. BlockBeats noted that funding rates are used to align perpetual contracts with the price of the underlying asset and represent fund transfers between long and short traders; platforms do not charge them. The baseline funding rate is 0.01%; a rate above the baseline indicates bullish sentiment, while a rate below 0.005% indicates bearish sentiment.
BTC-1.17%
PhotonPay 光子易荣获万事达卡年度合作伙伴三项大奖
ME News, May 7 (UTC+8) — PhotonPay, the next-generation financial operating system, won three honors at the Mastercard Annual Partner Awards Dinner: New Product Launch Award (Physical Card), New Service Launch Award (MDES Digital Enablement), and New Service Launch Award (Consulting Services). This marks PhotonPay’s role as a next-generation financial operating system in comprehensively reshaping the financial infrastructure landscape for global businesses.
PhotonPay’s physical cards are issued on the Mastercard network and support real-time spending tracking worldwide, multi-level spending limit controls, and 3D Secure authentication, while significantly reducing cross-border transaction fees. Flexible open APIs meet businesses’ customized needs.
MDES digital enablement reflects the digital enablement between PhotonPay and Mastercard.
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US-Iran Standoff Drives Oil Prices Higher, Asian Bond Markets May Follow Treasuries Lower
Boosted by higher energy prices and inflation concerns amid the U.S.-Iran standoff, Asian bond markets may follow U.S. Treasuries lower. New Zealand government bonds opened lower, while Australian government bond futures may decline. The 10-year U.S. Treasury yield rose to 5.27% and the 30-year yield to 5.55%, reaching nearly 19-year highs, as markets focus on the outlook for interest rates and energy prices.
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