MarsbitNews

Mars Finance news, September 3: Market news: The Bank of Japan is reportedly inclined to raise interest rates by 25 basis points and plans to adopt flexible policy measures going forward.

Mars Finance reports that Nasdaq-listed Bitcoin mining company Bitdeer said in a post on X that for the week ended September 25, it mined 288.1 BTC and sold 288.4 BTC during the same period, resulting in a net increase of 0 BTC. It currently maintains zero Bitcoin holdings.

According to reports, Musk said SpaceX’s Colossus 2 AI supercomputer will expand significantly, with the number of NVIDIA chips it uses more than doubling by the end of the year. The data center currently has 110,000 GB200 chips and 440,000 GB300 chips deployed. An additional 220,000 GB300 chips will be brought online starting next month, followed by another 220,000 in November. If all goes well, another 220,000 may be brought online by the end of December, significantly increasing the total.

Bullish, Equiniti, Alpaca, Apex Fintech Solutions, and Drivewealth established the Issuer Sponsored Token Coalition on September 24, with the aim of directly linking on-chain tokens to public company shareholder registries, giving holders rights such as voting, dividends, and stock splits. The coalition will also explore technical standards, settlement, custody, and interoperability between blockchain and traditional market infrastructure, and plans to meet with issuers at the NYSE on October 27.

Microsoft has updated its Copilot app for enterprise employees, aiming to challenge Anthropic’s Claude products. The new app integrates coding capabilities and comes with tools for building AI agents that can communicate autonomously and take on work tasks. So far this year, Microsoft’s stock has underperformed most of its Big Tech peers. (Sina Finance)

The AI wave drove a surge in Meta Muse’s market capitalization after its launch, with the Nasdaq 100 leading gains. However, rising Treasury yields are suppressing risk appetite, the S&P is hovering around 7,700 points, and the Russell 2000 continues to lag. Market divergence is extreme, while dispersion trading has nearly disappeared. Goldman Sachs warns that equity longs need to hedge against Treasuries. AI-related market-cap concentration has reached a new high, infrastructure stock valuations remain high despite their pullback, and hyperscaler credit spreads have widened. Conclusion: A catalyst is still needed for a breakout.

Revoke.cash warns that if you have ever traded NFTs on Magic Eden’s Ethereum marketplace, your wallet may have authorized Limit Break’s Payment Processor, which contains a vulnerability and requires revoking the authorization. Magic Eden stated that NFTs currently listed for sale are not affected, but NFTs listed on its EVM marketplace between February and October 2024 may be affected; in principle, those listed after October are no longer affected. Affected users should revoke the relevant authorizations on the Ethereum, Polygon, and Base networks and revoke all “approved for all” authorizations through revoke.cash. Yuga Labs stated that the claim website for NFTs related to the vulnerability is now live, and users must revoke the authorization before claiming.

Mars Finance reports, according to The Block, that Circle CFO Jeremy Fox-Geen plans to step down after more than five years in the role. He is expected to leave by the end of December unless the company appoints a successor earlier. Circle said it has engaged an executive search firm to begin the recruitment process for a new CFO.

Mars Finance reports that on-chain data shows USDC Treasury minted 250 million USDC on the Solana network at 5:42 and 11:04 Beijing time today, respectively, for a total of 500 million USDC minted across two transactions today.

People familiar with the matter said Fal is in talks with investors for a new funding round, targeting a $15 billion valuation, which could be raised to the $17 billion–$20 billion range. Its annualized revenue is $800 million, double the previous figure. Fireworks AI is also considering a funding round, and if it moves forward, its valuation could reach $30 billion. It previously completed a secondary employee equity transaction at a $17.5 billion valuation, with annualized revenue of $1 billion, representing significant growth. Baseten is seeking a $26 billion valuation, while Modal is targeting approximately $15 billion, double its valuation from four months ago.

Mars Finance reports that, according to Bloomberg, people familiar with the matter said contracts on the prediction market platform Polymarket betting on the collapse of institutions including Wells Fargo, JPMorgan Chase, and Bank of America have raised concerns among FDIC officials and members of Congress. Some are concerned that the expansion of such contracts could fuel real-world bank runs. Following internal discussions, the FDIC concluded that existing ethics rules are sufficient to prohibit insiders from participating in trading. Contract trading volumes are currently small, with contracts betting on a bank failure by the end of the year recently recording approximately $76,000 in trading volume.

Nasdaq-listed Galaxy Digital has added $100 million in sUSDS to its corporate treasury and included it as institutional collateral for approximately 1,600 counterparties; it also purchased an undisclosed amount of SKY. sUSDS can be used as loan collateral while continuing to earn the Sky Savings Rate throughout the loan term. Galaxy’s institutional loans average approximately $1.4 billion, and Grove, the Sky ecosystem’s Prime Agent, previously provided a $500 million warehouse lending facility.

Mars Finance reported on September 26 that the floor price of NFT project Mad Lads rose to 13.57 SOL, approximately $1,640, representing an 85.23% increase over 24 hours. As a core NFT in the Backpack ecosystem, Mad Lads has been repriced amid the strong recent performance of Backpack platform token BP.

In September, Polygon burned 100 million POL, roughly 1% of the total supply, from the base fee escrow contract, with more burns planned quarterly. Although it is described as net deflationary, the price remains near $0.1. Revenue in 2026 is estimated at approximately $24.5 million, with massive payment and stablecoin transfer volumes. Polygon has also laid off employees, acquired Coinme and Sequence, and spun off infrastructure such as zkEVM, transforming itself into a “profitable money transfer company.” The market is watching whether future issuance will be offset by burns and how profits will be distributed.

Yuga Labs Vice President Quit said on X that the claims portal for the NFT theft incident will go live within hours, and a dedicated address, nftsaresafu.eth, has been created to accept donations in ETH and other tokens. He paid approximately $7,500 in gas fees for related matters and thanked the community for its support. It was also reported that a suspected vulnerability in Magic Eden allowed a white-hat hacker to transfer 3,832 NFTs from hundreds of wallets, with a market value of approximately $1.5 million.

Mars Finance reports that German chipmaker Infineon Technologies will officially open its semiconductor plant in Thailand on October 1. The project represents an investment of more than 48 billion baht (equivalent to $1.44 billion), helping Thailand develop a more advanced domestic chip industry. Thailand’s Board of Investment said in a press release Friday evening that the investment covers power module manufacturing, semiconductor testing, and an R&D center. The Thai plant will produce power modules for electric vehicles, energy systems, and data centers. The project is expected to employ more than 5,000 local Thai workers. (Cailian Press)

Mars Finance News: On September 26, the simulated cockpit of the CR450 Fuxing high-speed train, known as the “world’s fastest high-speed rail,” made its debut at the 15th International Exhibition of Railway Technology, currently being held in Berlin, Germany, attracting the attention of media and visitors. In addition to the CR450, the “Artificial Intelligence + Railway Equipment” exhibition area also showcased the latest advances in the development of China’s intelligent railway equipment. (CCTV News)