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.

A Reuters/Ipsos poll shows that 69% of Democrats and 61% of Republicans oppose prediction markets that allow betting on outcomes such as U.S. elections. Even betting on sporting events is opposed by 43%, while 29% support it. Prediction markets are operated by platforms such as Polymarket and Kalshi and are sparking regulatory lawsuits. The Trump administration is pushing for federal oversight, escalating the conflict between the CFTC and the states. Thirty-nine states and D.C. have filed amicus briefs, calling it a nationwide turf war that will be difficult to resolve without a Supreme Court ruling.

Mars Finance reports that, according to TradingBeats monitoring on October 18, after “Machi Big Brother” Huang Licheng was fully liquidated and his account wiped out this morning, he deposited another $100,000 in margin this evening and opened a new $4.3 million 25x long position in Ethereum using a total of $176,000 in margin, with an entry price of $2,398. A year ago, Machi had made $44.84 million on Hyperliquid. He has now given back all of those profits and lost an additional $36.85 million.

Next week, macroeconomic data including third-quarter GDP and the 70-city home price index will be released, while the 1Y/5Y LPR is expected to remain unchanged. Shares in 46 companies worth about RMB 100 billion will be unlocked, and two new stocks, Crown New Material and Tianyuan Heavy Industry, will be issued. Several international finance and technology conferences will also take place, while major companies including SpaceX, Meta, Lam Research, TI, WD, and CATL will disclose results and updates. Also on the watch list are Europe’s switch to winter time and developments at South Korean chipmakers.

Papertrade (PAPER) has launched perpetual contracts on Hyperliquid HIP-3 markets, reaching a two-hour high of $0.035 and currently trading at $0.028. Its total supply is approximately 8.55 billion, with 8.48 billion staked. At $0.028, its fully diluted valuation is approximately $239 million. The token is not yet freely transferable and can only be staked to earn protocol USDC yield, with approximately $52.14 million distributed to date. PAPER is minted from users’ realized losses, with no pre-mine or team and venture capital allocations. The platform offers onchain synthetic perpetual trading with up to 1,000x leverage.

Mars Finance reports that, according to market sources, the address 0x176…0a132, associated with Justin Sun, received 7.2 trillion PEPE worth approximately $28.44 million from a Poloniex multisig address 22 hours ago. This is the address’s first on-chain PEPE activity since June 2024.

Mars Finance reports that Strive CEO Matt Cole posted a chart of the company’s Bitcoin holdings on X, captioned “Stacking sats with double the horsepower now,” hinting that it may disclose additional BTC purchases next week. The move may be modeled on Strategy founder Michael Saylor.

Russia’s central bank announced that crypto transactions between self-custody wallets and regulated brokers will be banned starting July 1, 2027. Trading will be limited to licensed brokers or exchanges, and transfers between multiple accounts belonging to the same person, as well as withdrawals to self-custody wallets, will be prohibited. The 13 currently approved institutions include VTB and Sberbank. The Ministry of Finance estimates that around 20 million residents hold 3.7 trillion rubles (approximately $44 billion) in crypto assets, and expects only 20% of trading volume to move to licensed exchanges.

Institutions are divided on Bitcoin’s year-end outlook: Bitwise sees it potentially breaking above $100,000 by the end of 2026, driven by ETF and corporate buying, inflation and debt concerns, and greater regulatory clarity. LO:TECH expects it to trade in the $85,000–$95,000 range this year, with a return to $100,000 depending on a pullback in oil prices and easing inflation. CoinShares says tensions between inflation and employment will affect the Federal Reserve’s policy flexibility.

U.S. tech stocks pulled back this week, with the Nasdaq down more than 4%. After digesting stronger inflation data, the market is reassessing the “the economy can’t be knocked down” narrative. The Fed has entered its blackout period, shifting the focus to earnings from Meta, Tesla and others, as well as economic data. Semiconductor and memory companies are also set to report. Trump has paused sanctions on Russia and set a 60-day review window, while tensions over shipping through the Strait of Hormuz have pushed oil prices higher. Events: NVIDIA GTC Berlin kicks off; earnings from Meta, Tesla and others; initial jobless claims, oil inventories, PMI, and University of Michigan consumer sentiment data.

Mars Finance reports that Samsung Electronics will use TSMC’s 3nm process to produce base dies for next-generation custom HBM chips for Nvidia. This marks Samsung’s first collaboration with TSMC during HBM manufacturing. Nvidia has asked Samsung, SK Hynix, and Micron Technology to use TSMC’s process to manufacture NVHBM base dies and to use sixth-generation DRAM technology. Samsung plans to continue producing standard HBM and custom products for other customers in-house.

Mars Finance reported that on October 18, HIP-3 market deployer Paragon announced that the Papertrade (PAPER) perpetual contract had launched on the Hyperliquid HIP-3 market, with up to 3x leverage. PAPER is currently trading at $0.012.

Mars Finance reported that trader Killa posted that Bitcoin doesn’t necessarily rise because its price action makes sense; sometimes, it rises precisely because the market defies logic. If the market always moved logically and every fluctuation could be rationally explained, everyone would make money—but that’s not how the Bitcoin market works. Killa said he remains bullish on Bitcoin and is holding a BTC long position, which he won’t close until the price reaches $126,000.

Crypto analyst Darkfost noted that since late August, the market caps of small- and mid-cap tokens have grown significantly faster than those of large-cap tokens. The gap between their annual and monthly average market caps has reached 41%, compared with 7% for Bitcoin and just 3.5% for large-cap tokens. This is a rare phenomenon, as small- and mid-cap tokens are more sensitive to capital flows and sentiment, and could see a rapid reversal in the short term. Investors should be wary of the high volatility risk this brings.

Anthropic says Claude writes about 90% of Claude Code’s code. From June to September, the number of PRs doubled, while the revert rate fell by more than 40%. To speed things up, the review process now works as follows: before submission, an independent sub-agent tests the code; after submission, multiple agents search for errors in parallel and then cross-verify their findings. Security checks and automated tests block merges. Low-risk changes are merged automatically, ordinary changes require approval from one person, and high-risk changes require approval from two people. AI review cannot replace human review. One change once went through more than 50 rounds overnight, with about 59% of issues found in the first round. Now, changes that go through more than three rounds require the author to reconsider them, and repetitive feedback is limited.

According to Bloomberg, Hyperliquid Labs co-founder Jeff Yan is pushing for the United States to establish regulatory rules that protect blockchains, arguing that regulatory responsibility should fall on financial institutions operating markets through applications built on the blockchain, rather than on the blockchain network itself. This would allow Hyperliquid to avoid the full burden of exchange compliance as it enters Wall Street. Hyperliquid, which has not yet opened to U.S. customers, would rather serve as underlying trading technology used by traditional financial institutions—like AWS enterprise infrastructure—than replace existing market participants.

The China Securities Regulatory Commission disclosed that two companies received overseas listing filings this week: Hefei Youibot Robotics and Suzhou Dongshan Precision plan to list on the Hong Kong Stock Exchange, with 37 shareholders planning to convert 243,804,260 domestic unlisted shares into H shares. Dongshan Precision has an A-share market capitalization of approximately RMB 224.7 billion, with revenue of RMB 2.78 billion and net profit of RMB 296 million in the first half of 2026. Founded in 2017, Youibot specializes in mobile manipulation robots, ranked first in the global market in 2024, and operates in more than 30 countries.