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 Eric Glyman, co-founder and CEO of corporate spending management platform Ramp, posted on X that Ramp has completed $1.85 billion in financing, bringing its valuation to $60 billion. Ramp provides businesses with corporate cards, expense management, and financial workflow automation services. Eric Glyman said that seven years ago, he and co-founder Karim wrote the company’s mission on a sticky note: “Save companies time and money.” He said the mission has not changed; only the scale has grown.

Mars Finance reports that on October 16, hawkish FOMC voter and Cleveland Fed President Hammack warned that the Federal Reserve may be forced to take more aggressive action if businesses and households begin to believe that high inflation will persist for a long time. She said she favors modest rate hikes sooner rather than having to tighten policy sharply after inflation expectations become entrenched.

Mars Finance reports that, according to Bitcoin Magazine, Singapore-listed company BitFuFu disclosed the addition of 15 Bitcoin, bringing its total Bitcoin holdings to 1,388, valued at approximately $114.2 million. BitFuFu is a Singapore-registered Bitcoin mining company whose business covers mining and computing power-related services. As a public company, it discloses changes in its Bitcoin reserves.

According to Liquid247 monitoring, Coinbase spot ETH has approximately 2,914 ETH in buy orders around $2,328, with a notional value of approximately $6.78 million, representing a pullback of about 4.6% from the midpoint. Nearby buy orders total approximately $19.49 million, while sell orders total approximately $10.92 million, resulting in net buy pressure of approximately $8.57 million, or about 28% of market depth. Buy orders at this level form significant near-term support, and large market orders may have a substantial impact on the current price.

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Author: CoinW Research Institute
Summary
Pearl Research (PRL) has risen by more than 60% over the past 7 days and over 250% in the past 30 days. Its circulating market capitalization has climbed to approximately $650 million, making it a popular project in the AI crypto sector recently. Through its Proof of Useful Work (PoUW) mechanism, Pearl attempts to enable GPUs to participate in blockchain mining while performing AI computations, generating dual returns from AI service revenue and PRL rewards. Its partnership with Together AI has initially demonstrated the potential for commercial applications, but the proportion of actual paid computing, business revenue, and the token value capture mechanism still require validation. Meanwhile, PRL’s current circulating ratio is only approximately 16.4%, and continued mining issuance could create selling pressure. The short-term price action reflects the market’s optimistic expectations for AI computing power mining, while the long-term

Mars Finance reported that on October 16, some investors are considering valuing Anthropic’s upcoming IPO at $1.5 trillion, down 25% from the earlier expectation of $2 trillion. Anthropic reported third-quarter revenue of $16.8 billion, up 45% quarter over quarter, but growth slowed sharply after more than doubling in the second quarter. The company also reported adjusted profitability for the quarter. (Reuters)

Mars Finance reports that, according to The Wall Street Journal, sources said U.S. Commerce Secretary Lutnick opposes substantially reducing tariffs on automobiles, steel, and aluminum products from Mexico, causing negotiations on a U.S.-Mexico tariff agreement to stall.

Mars Finance reports that New York federal district judge Alvin Hellerstein rejected a joint request by Gemini and the U.S. Commodity Futures Trading Commission (CFTC) to vacate a $5 million settlement agreement. Gemini and the CFTC had argued in May that the settlement reached in January 2025 violated the basic principles of fair enforcement. The judge ruled that these reasons were insufficient to support vacating the settlement and noted that Gemini had voluntarily signed the agreement three weeks before the trial.

Mars Finance reports that on October 15, according to market data from BIT (bit.com), most cryptocurrency-related stocks in the U.S. stock market turned higher intraday: Circle (CRCL) rose 7.10%, Block (XYZ) rose 3.80%, Strategy (MSTR) rose 3.79%, and Coinbase (COIN) rose.

Mars Finance reports that sources revealed the order restricting Ukraine’s access to the Starshield system came from within the White House.

Mars Finance reports that Musk said SpaceX may follow Anthropic’s example and hire external safety evaluators.

Mars Finance reports that, according to Gate market data, Micron Technology (MU.O) turned higher during the session after previously falling more than 6%.

Mars Finance reports that market sources say Nvidia has released Nemotron 3.5 Super VL and launched the edge model Nemotron 3.5 Bolt 74B-A9B (24GB).

Mars Finance reports that on October 15, Nasdaq stated that it is currently experiencing network issues. Nasdaq customers may intermittently encounter missing data. Customers are advised to use the Chicago data source as a backup.

Mars Finance reported that on October 15, crypto journalist Eleanor Terrett posted that Acting Comptroller of the Currency Jonathan Gould said the Office of the Comptroller of the Currency’s (OCC) final rules for implementing the GENIUS Act are expected to be released soon, before the end of October. Gould made the remarks at the “Building the New Digital Economy” event hosted by the Milken Institute, which was held concurrently with DC Fintech Week.

Mars Finance reports that NVIDIA CEO Jensen Huang stated that CoreWeave’s capabilities are strengthening every day, while its cost of capital is actually declining.

Mars Finance reports that Multiverse Computing has partnered with NVIDIA to launch Comet 60B.