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.

U.S. nonfarm payrolls rose by 29,000 in September, with the unemployment rate at 4.2%. Market expectations for an October rate hike cooled, while the probability of a December hike increased. The 10-year U.S. Treasury yield approached 5.36%, and the dollar hit a 17-month high. Next week, focus will be on the September FOMC minutes, the G7 reserve release, the ISM non-manufacturing PMI, and long-term interest rates. Bowman and Musalem will speak, while the Treasury Department will announce the size of its 20- to 30-year buybacks and auctions. In energy, the G7 plans to release 100 million barrels of oil, which could intensify oil price volatility. Gold weakened under upward pressure from the bond market.

Mars Finance reports that Kaledora, co-founder of real-world asset perpetual contract protocol Ostium, published an explanation of the protocol’s financials and revenue model. She said the approximately $44.7 million in total revenue over two years shown on Dune came from four on-chain fees: $20.39 million in opening fees, $16.5 million in spreads, $4.75 million in rollover fees, and $3.35 million in liquidation fees. Of this revenue, $22.14 million (49.6%) went to the OLP treasury, while $19.55 million (43.8%) represented liquidity costs, including $16.05 million in hedging and $3.49 million in interest on hedging funds, leaving $2.96 million (6.6%) in gross profit. She said total on-chain revenue does not include off-chain hedging costs; before the April liquidity upgrade, the protocol lacked the ability to monetize its trading volume, and a security incident occurred several months after the upgraded system went live.

EntropyLab has released the first candidate version, v1.0rc1, of its self-contained Bitcoin key and wallet calculator. This HTML file runs offline and does not generate entropy, allowing users to provide their own entropy to calculate keys and wallets in a fully offline environment. The tool supports multisignature, PSBT, BIP-85, Silent Payments, vanity addresses, watch-only wallet exports, and randomness analysis. This version is reproducible and can be verified using signatures from four independent signers. The team recommends downloading and verifying the file before transferring it to an air-gapped computer for computation. The official v1.0 release will be published after testing of the candidate version is complete.

As of early September, ticket bookings for the 2026 Singapore F1 race were down approximately 22.9% year over year, while hotel occupancy for the weekend of September 21 was about 14% lower than during the same period last year. Industry insiders believe the shift in China’s National Day Golden Week, the return of the Sepang race after a nine-year absence, and its being held one week earlier may have diverted visitor traffic. TOKEN2049 Singapore will be held at Marina Bay Sands on October 7–8 and is expected to attract more than 25,000 attendees.

Circle submitted proposals to the European Commission to revise MiCA, advocating for the establishment of a recognition mechanism for offshore stablecoin issuers. Offshore issuers would be supervised by local regulators and, after receiving equivalence recognition from relevant authorities and the European Banking Authority (EBA), distributed by locally licensed EU institutions, supporting the circulation of euro stablecoins in offshore jurisdictions. It also called for eliminating the requirement that electronic money token issuers deposit 30% of their reserve assets with banks, while increasing the reserve ratio for “significant” electronic money tokens to 60% to reduce credit and counterparty risks in the banking sector.

Due to a lack of funding, the SEC entered a funding lapse starting in October 2026. Reviews of new crypto ETFs were suspended, and registration statements and comment letters were frozen; already-listed products can still trade. ETFs must submit both 19b-4 and S-1/N-1A filings, and both tracks are paused during the funding lapse. Starting 2025/9/17, unified listing standards for commodity-based trusts were implemented. Compliant products can skip individual 19b-4 filings, with reviews taking approximately 75 days; there were approximately 90 pending applications in October, so Cryptober may be delayed. ETHB is listed on Nasdaq, with a 0.25% fee, and 82% of staking rewards distributed to investors.

As of March 23, 2026, Jensen Huang held approximately 870 million shares of NVIDIA, representing 3.58%, valued at approximately $20.1 billion based on the stock price at the time. Forbes estimated his net worth at approximately $200 billion, and he is often regarded as the largest individual shareholder. BlackRock, with 7.43%, and Vanguard, with 7.31%, are the major institutional shareholders. Huang founded NVIDIA in 1993 and held approximately 2.9 million shares before the 1999 stock split; if he had retained them until today, they would amount to nearly 2.8 billion shares. His total compensation for fiscal 2025 was $35.5 million, including a $1.5 million base salary, a $3 million bonus, and approximately $31 million in performance-based stock awards.

AI demand is driving tech giants to pursue record levels of long-term debt financing with little regard for interest rates, creating a reverse crowding-out effect on government debt. Corporate bonds are pushing up long-term interest rates, driving government bond yields higher. If AI boosts output without expanding the tax base, tax revenues could decline while deficits widen, leaving public finances dependent on debt and raising concerns about fiscal sustainability in the future.

OpenAI security executive David Robinson left the company last week. He was responsible for policy planning and improving model transparency. Johannes Heidecke, another security leader in the same division, also departed this year. The company also terminated three researchers for violating its information-sharing policy. At a conference, Altman emphasized that safety and alignment must stay ahead of model capabilities. Before leaving, Robinson had expressed concern about whether the pace of change could meet the challenges posed by high-performance AI.

Mars Finance reports that TSMC is exploring the possibility of collaborating on the Terafab project jointly initiated by SpaceX and Tesla, and is considering Terafab as a major customer for TSMC’s future wafer fabrication plant in Texas. In response, Musk said on social media that it is still only at the discussion stage, but “there may be progress.” (CLS)

According to the WSJ, U.S. stocks diverged in September: the S&P 500 held steady, the Nasdaq gained 3%, more than 80% of its component stocks fell, the Russell 2000 dropped 5%, and the top 50 stocks edged up. The 10-year Treasury yield rose to 5.3%, while non-AI companies faced three pressures: interest rates, energy costs, and competition for talent from AI companies. Excluding AI, capital expenditures were nearly zero, credit spreads widened, and CCC-rated debt rose. Expectations for earnings growth declined; if interest rates and oil prices remain elevated, sectors outside AI will face greater pressure and credit risks will increase.

According to TradingBeats monitoring, Huang Licheng continues to add to his HYPE and PUMP long positions, bringing his total unrealized loss to $450,000. Specifically: ETH 25x, 37,000 tokens, average price of $2,688.97, with an unrealized loss of $250,000; BTC 40x, 300 tokens, average price of $84,719.50, with an unrealized profit of $41,000; HYPE 10x, 181,000 tokens, average price of $89.74, with an unrealized loss of $280,000; and PUMP 10x, 1.2 billion tokens, average price of $0.01, with an unrealized profit of $42,000.

Visa’s stablecoin-linked card transaction volume increased nearly 200% year over year, covering more than 160 card programs; corporate/commercial cards accounted for approximately 17% year to date in fiscal 2026. Stablecoins are primarily used for supplier payments, treasury operations, and cross-border commerce, with businesses favoring trusted transfers. Allium research says stablecoin payments are growing the fastest, with annual transaction volume estimated at $401–527 billion, B2B cross-border payments accounting for 43%, and related fees estimated at approximately $5.6 billion, $4.3 billion, and $2.8 billion.

Grayscale Head of Research Zach Pandl noted in The Stack that Generation Z starts investing at age 19, millennials at 25, Generation X at 32, and baby boomers at 35. If they retire at 65, Generation Z has an investment horizon of approximately 46 years, 50% longer than the 30 years available to baby boomers. Investing early not only benefits from compounding but also expands risk tolerance, because younger people have a higher proportion of human capital and more time, allowing them to absorb volatility and continue saving. Digital assets are volatile and may offer asymmetric returns, making longer and more flexible time horizons more suitable. Early investors can increase their digital-asset allocations across market cycles while maintaining lifelong risk balance.