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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 reported on May 4 that Nominis’ analysis found that the Iran-related crypto wallets newly seized by OFAC exhibited on-chain characteristics different from the IRGC’s past patterns, suggesting the possible involvement of actors from other countries. The Treasury Department froze more than $340 million in Operation Economic Fury, bringing the cumulative total of Iran-related assets to nearly $500 million. IRGC wallets have typically favored dispersion, maintained low balances, and avoided long-term holdings; the differences in this case have raised questions about the proportion directly controlled by the IRGC and whether they overlap with other countries’ financial networks. Levi noted that organizations including the IRGC and potential Chinese state actors are upgrading their blockchain infrastructure, making static risk labels insufficient and behavioral analysis and address clustering increasingly important.

Google Quantum AI’s latest white paper states that the number of physical qubits required to break the core cryptographic systems of cryptocurrencies has fallen to approximately 500,000, about 20 times lower than previous estimates, bringing the quantum threat into the realm of quantifiable medium-term risk. The attack focuses on elliptic-curve signatures and encompasses attacks on transactions in transit and assets at rest. Approximately 6.9 million bitcoins, or about 33% of the total supply, along with a large number of Ethereum accounts, have exposed public keys, creating an existing risk. Although the hardware gap remains, algorithmic optimization is ongoing. Q-Day is expected to arrive between 2028–2035, with the bottleneck for migration lying in governance rather than technology.

WOO X issued a statement on withdrawal delays, saying it is reviewing the relevant cases and system status, with some requests still under review or being processed on-chain. Users experiencing delays can provide their UID, order number, application time, asset and network information, and a screenshot of the status through official customer support. The platform warned users not to trust anonymous messages or disclose passwords and other sensitive information, and reserved the right to pursue legal action. The official announcement should be taken as the authoritative source. Previously, ZachXBT issued an alert stating that withdrawals for multiple users remained pending or processing.

An Arbitrum co-founder warned against the narrative trap of using on-chain transaction prices, stating that Arbitrum One and Robinhood Chain actively guard against MEV and front-running, and cautioning that chains with low fees may conceal higher MEV costs, leaving retail traders to bear hidden losses. Solana co-founder Toly countered that Arbitrum has higher bid-ask spreads and fees, with a 10% extraction cost already exceeding sandwich trading fees; when the worse spread is included, the cost is approximately ten times higher. He also pointed out that a single-Sequencer model is unlikely to outperform permissionless market competition.

ME News, September 6 (UTC+8) — According to CoinMarketCap market data, BNB is currently quoted at $746.0, down 3.1% over the past 24 hours. (Source: CoinMarketCap)

ME News, September 6 (UTC+8) — According to CoinMarketCap market data, BNB has fallen below $750 and is currently quoted at $749.9, down 2.6% over the past 24 hours. (Source: CoinMarketCap)

Federal Reserve Governor Barr warned that stress in the private credit sector could trigger psychological contagion, thereby intensifying the credit crunch, and emphasized that oversight of Wall Street should continue to be strengthened as risks rise. Although the direct links between banks and private credit are not currently “particularly concerning,” the overlap between the insurance and private lending sectors still warrants attention. If psychological contagion spreads through the private credit market, cracks could emerge in the corporate debt market, potentially triggering a broader credit contraction and financial stress.

ME News reported on May 3 (UTC+8) that U.S. SEC filings show the New York Stock Exchange has submitted a rule change proposal to allow tokenized securities to be traded within the existing market framework. The proposal is based on the DTC’s three-year pilot program and supports clearing and settlement via blockchain. Tokenized securities must have the same identifiers and shareholder rights as traditional securities and be traded on the same order book, subject to the same matching and regulatory rules, with settlement remaining T+1. The rule has taken effect, but regulators may suspend it and conduct further review within 60 days. (Source: MLion)

ME News reports that crypto analyst Willy Woo believes Bitcoin and U.S. stocks are significantly decoupling. The last such decoupling occurred in 2015, resembling a prelude to the 2017 bull market. At the time, the stock market weakened or traded sideways, while BTC strengthened first, followed by a major rally in 2017. The situation is similar today: BTC liquidity is improving, while the stock market is showing signs of fragility.

Vitalik Buterin is optimistic about the future of cryptography. He believes that with sufficiently large-scale practical computing, SNARKs, FHE, and iO each have about a 33% chance of reducing costs to 1+ε, and that the probability of all three achieving less than 10x overhead is about 60%. There will be at least one breakthrough within ten years, with SNARKs most likely to reach single-digit overhead. He said that specialized hash functions and some large language model inference have already reached this level. This is a personal opinion, not a consensus view.

ME News reports that on September 6 (UTC+8), prediction market data showed that the 24-hour trading volume for “LoL: T1 vs. Dplus KIA (BO5) - LCK Playoffs” reached $2.0M, with market participation increasing significantly.

ME News, May 4 (UTC+8), “Federal Reserve mouthpiece” Nick Timiraos said that the Federal Reserve’s autonomy, commonly referred to as its independence, stems from Congress establishing the institution. Congress created a committee composed of officials with long, staggered terms, protections against removal, and full control over the institution’s budget (and buildings). (Source: PANews)

The Reppo Foundation has completed a $20 million funding round led by BoltsCapital to address bottlenecks in AI training data. Through a market mechanism that stakes tokens based on the accuracy of judgments, it has created a self-correcting labeling system that incentivizes high-quality data. The platform’s trading volume has surpassed $2 million as it expands its infrastructure, demonstrating that decentralized networks can outperform centralized labeling services. Institutional investors are betting that the protocol can convert human opinions into the on-chain verifiable signals AI companies need, bypassing data silos.

AIMPACT released on May 4 that Vectorless RAG improves retrieval accuracy by removing the vector database. The PageIndex approach breaks from traditional retrieval logic by directly locating where the answer is in a document, rather than selecting the most similar text chunks. This enabled Mafin 2.5 to achieve 98.7% accuracy on FinanceBench through changes to the retrieval primitives, rather than a more powerful embedding model. Traditional vector RAG has limitations when handling complex nested queries and precise numerical queries, making this a difficult bottleneck to overcome.

ME News reported on May 4 that Nominis’s analysis found the newly seized Iran-related crypto wallets targeted by OFAC had on-chain characteristics that differed from the IRGC’s previous patterns, suggesting the possible involvement of actors from other countries. The Treasury Department froze more than $340 million in Iran-related assets in Operation Economic Fury, bringing the cumulative total to nearly $500 million. IRGC wallets have typically favored dispersion, low balances, and avoiding long-term holdings. The differences in this case have raised questions about the proportion directly controlled by the IRGC and whether the wallets overlap with the financial networks of other countries. Levi noted that organizations including the IRGC and potential Chinese state actors are upgrading their blockchain infrastructure, making static risk labels insufficient and behavioral analysis and address clustering increasingly important.

ME News, May 4 (UTC+8) — According to CoinMarketCap market data, BTC has broken above $79,000 and is currently trading at $79,044, up 0.5% over the past 24 hours. (Source: CoinMarketCap)

ME News reported on May 4 (UTC+8) that Federal Reserve Bank of Minneapolis President Neel Kashkari said the Fed needs to remain open-minded about the future of interest rate policy, and that the longer the war continues, the greater the inflationary pressure will be. In some cases, the Fed may need to raise interest rates, and even if the war ended completely now, it would take months for supply chains to recover. He is very concerned about the downside risks brought by the war. The challenge facing the Fed is the uncertainty surrounding the path of inflation. He looks forward to working together after Warsh’s nomination is confirmed and remains open to some of the concerns expressed by Warsh. (Source: PANews)

AIMPACT News, May 4 (UTC+8) — Stanford University’s latest seminar explored the evolution of AI world models, focusing on the shift from traditional reconstruction methods to latent-space prediction. The seminar covered topics including an introduction to JEPA (Joint Embedding Predictive Architecture) and world models, causal JEPA, and LOWER. The information came from a retweet by Stanford Natural Language Processing Group (Stanford NLP) on Twitter and was a seminar introduction that did not provide specific technical details or results. (Source: InFoQ)

On May 4, SpaceX is about to launch a large-scale IPO, prompting major Wall Street funds to make intensive portfolio adjustments. About a week ago, a private jet bearing the SpaceX logo flew nearly 200 fund investors to Texas for a roadshow. Demand was extremely strong, with every seat filled. With the listing imminent, the market is discussing selling technology stocks to subscribe to SpaceX shares, potentially involving tens of billions of dollars.