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.

On September 29, Tongcheng New Materials, China’s largest domestic semiconductor photoresist company, officially listed on the Hong Kong stock market, successfully achieving an A+H dual listing. In addition, an announcement issued by the Shenzhen Stock Exchange earlier this morning regarding adjustments to the list of eligible securities for the Hong Kong Stock Connect under the Shenzhen-Hong Kong Stock Connect program showed that, in accordance with the relevant provisions of the Implementation Measures for the Shenzhen-Hong Kong Stock Connect Business of the Shenzhen Stock Exchange, Tongcheng New Materials was added to the list of eligible securities for the Hong Kong Stock Connect, effective September 29, 2026.

The China Council for the Promotion of International Trade announced that the exhibition design for China’s pavilion at the 2027 Specialized Expo in Belgrade, Serbia, has been essentially finalized. Following a narrative centered on the past, present, and future, the exhibition will be divided into three chapters: “The Rhythms of Chinese Civilization,” “Striving Forward for Shared Prosperity,” and “Intelligent Innovation for New Life.” Featuring immersive, interactive, and experiential elements, the exhibition will incorporate application scenarios for embodied intelligence and showcase innovative visions of the creative transformation of traditional Chinese culture, the development of sports and the arts in the new era, and technology-enabled future living.

Mars Finance reports that Citrini analyst Jukan expressed doubts about Anthropic data from TickerTrends. The data shows that on September 24, 2026, Anthropic’s ARR was approximately $76.8 billion, up 1.8% month over month; OpenAI’s ARR was approximately $50.44 billion, up 13.4% month over month. Jukan noted that even based on these estimates, Anthropic’s growth rate had already declined significantly, while OpenAI’s growth was also slowing, and questioned the reliability of the data.

NVIDIA CEO Jensen Huang said that training with competitors’ products constitutes competition, and that distillation is not theft. Competition drives improvement; if companies do not want others to learn from them, they can identify customers and disable their services. The U.S. has accused Chinese companies of extracting capabilities from American models through distillation and threatened sanctions, while considering further measures. This month, CISA accused companies of large-scale knowledge distillation. Anthropic said Alibaba’s Qwen and DeepSeek had engaged in illicit distillation, which China denied.

Mars Finance reports that “Nuoyin Intelligence” recently announced the completion of a single-tranche Angel+++ round of financing worth several hundred million yuan. The round was led by a fund affiliated with JD.com, with follow-on investments from Zhengxingu Capital, Nanshan Zhanxin Investment, and Walden International. Only a little over a month has passed since its previous 500 million yuan financing round.

Mars Finance reported that on September 29, according to Lookonchain monitoring, the whale 0xf562 sold 25,001 ZEC worth $37.84 million. The tokens were purchased two months ago at an average price of $425, generating a profit of more than $27 million.

Mars Finance reports that Union Square Ventures partner Michael Mignano has launched the AI investment platform Supertake. Users can express their views in natural language, and the platform will generate and rebalance investment portfolios accordingly, with integrations to brokerages such as Robinhood and Coinbase for automatic order placement. It currently supports only U.S.-listed companies and will expand to cryptocurrencies, derivatives, and prediction markets in the future. Portfolios can be shared and copied, and the platform features community rankings.

Mars Finance reports that Spain has confirmed crypto assets held in self-custody wallets do not need to be declared as foreign assets. Crypto assets held with overseas custodians may still need to be declared if their value exceeds 50,000 euros; if they are purchased on an overseas exchange and sold in full within the same year, no declaration is required.

Mars Finance reports that on September 29, Tom Lee, chairman of Ethereum treasury company BitMine, said Wall Street veteran Jim Bianco had turned bullish on U.S. Treasuries for the first time in six years after Treasury yields rose to around 20-year highs, believing current levels to be attractive. If Treasury yields begin to decline, narratives surrounding the “maximum pain” yield, fiscal deficits, inflation concerns, and the Federal Reserve’s hawkish stance could weaken simultaneously, potentially triggering a rebound in stocks and other risk assets such as cryptocurrencies.

BlockTower Capital founder Ari Paul posted on X that several years ago, Coinbase lost $25 million in his company’s funds and only later discovered that Coinbase had been covering up large-scale, repeated hacking incidents. The funds have still not been returned. He said the team has traced at least 10 other affected institutions, with the concealed amount exceeding $1 billion. As multiple legal proceedings are still ongoing, further details cannot be disclosed at this time.

On September 28, Huawei Senior Vice President and CEO of Yinwang, Jin Yuzhi, said that Huawei Qiankun’s R&D budget for this year had been raised from the original 18 billion yuan at the beginning of the year to more than 19 billion yuan. Jin Yuzhi noted that building a mature and usable autonomous driving system is not a matter of investing several billion yuan in development and then considering the job done. The software alone requires the company to bear substantial ongoing costs every year, while investments in personnel and computing power for model training cannot be interrupted.

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Author: StarPlatinum
Translated by: Shan Oppa, Jinse Finance
The crypto industry spent many years creating a batch of tokens that had nothing to do with the underlying businesses. A protocol earned $100 million, while token holders got governance rights—“Amazing, I’m a tech geek and I have voting rights” (sorry, that sounds incredibly boring).
Fortunately, this model is changing.
More and more protocols are beginning to use real revenue to buy back their own tokens on the market. A protocol spending $10 million to buy and burn its own tokens is an entirely different thing from “announcing a buyback proposal that may be implemented in the future, provided it passes a governance vote.”
And as “revenue” has once again become one of the biggest narratives in crypto, I’ve been sorting through the projects where the chain of “product usage → revenue → token demand” is beginning to truly take shape. The following 12, I believe, are worth

Mars Finance reports that Pump.fun is hiring a Head of Support for its Trading Terminal and expanding its support team across the app and launchpad. Candidates for the new role should be ambitious, capable of providing professional user support, responsive, hands-on, and accountable from end to end. Responsibilities include managing the team, coordinating with VIP partners, and relaying user feedback to engineers. The company is also hiring junior support staff.

Bitcoin has re-entered a bull market cycle, rising above the 21-week and 1-year moving averages. Its price is in the $84,000–$86,000 range and has returned to profitability. U.S. debt is approximately $40.1 trillion, implying a fair value of approximately $105,000. Long-term support comes from debt expansion, while short-term dollar strength and overbought conditions could trigger a consolidation. The peak may fall in the $185,000–$215,000 range; if the premium declines to 1.3–1.5x, it may take until 2028–2029 to reach $200,000.

On September 29, Arkham monitoring showed that a group of ZEC whale addresses received approximately 8,605 ZEC across 3 CEXs, which were subsequently consolidated in batches. Approximately 4,400 ZEC from two withdrawal addresses were transferred to the same wallet. The six associated addresses currently hold a total of 65,158 ZEC, up 15.2% from before, with a market value of approximately $91.13 million. Based on the historical deposit prices, the average transfer-in price was approximately $1,509.7, while the current price is $1,398.6, representing an unrealized loss of approximately $7.24 million (-7.36%). Previously, the whale withdrew 8,100 ZEC from CEXs and accumulated spot holdings worth approximately $55.7 million.