Odaily News: The Brooklyn District Attorney's Office announced that 23-year-old Brooklyn man Ronald Spektor has been sentenced to 4 to 12 years in prison for carrying out phishing and social engineering fraud. Over the course of approximately one year, he impersonated Coinbase customer support, claiming that users' accounts had been hacked and their assets were at risk, luring about 100 U.S. users into transferring cryptocurrency to wallets he controlled, stealing a total of nearly $15.94 million. He then laundered the funds through multiple exchanges, mixing services, and crypto gambling platforms. On September 2, Spektor pleaded guilty to all 31 charges, including first-degree money laundering and first-degree grand larceny, and was ordered to forfeit cash, cryptocurrency, and personal property worth over $500,000, as well as pay nearly $16 million in restitution.

Odaily News: According to official sources from the Justin Sun Prize, the first batch of winners officially entered a 14-day public notice period on September 19. The problems currently under public notice are numbered 305, 371, 381, 526, 866, and 1001 in the question bank. Among them, the candidates for problems 305, 371, and 381 are formal verifiers; the candidates for problems 866 and 1001 are mathematical solvers; and problem 526 involves both roles. The public notice information has been published on the official GitHub candidate registration form, and the public may file formal challenges.

It is reported that the Justin Sun Prize is the world's first zero-trust decentralized academic bounty mechanism based on a problem list, with a maximum single-problem prize of $1 million. On the day of its establishment, the first batch of 66 mathematical problems was announced, with the highest prize of $1 million awarded to the OpenAI research team in recognition of its solution and formal proof for "the existence and smoothness problem of the three-dimensional Navier–Stokes equations." At the same time, the prize operator also published the on-chain address of the prize pool, which has been funded with $10 million. After the public notice period ends, prizes will be distributed in USDT (TRC20) or USDC (ERC20), and winners will also receive certificates and medals.

According to monitoring by PPP prediction market tool, Polymarket's "Fed will raise rates by 25 basis points in October" probability currently stands at 65%, while the probability of rates remaining unchanged stands at 35%.

Earlier, Citi analysts said the Fed will keep rates unchanged in October and wait for more data to assess the impact of a 25 basis point rate hike, then hold steady again in December, by which time a series of milder inflation data should provide sufficient evidence that inflation is slowing, supporting the Fed to once again keep rates unchanged.

Join the PPP signal push community to stay one step ahead and seize the initiative.

Odaily News: Market News: BlackRock and IFM Investors are in exclusive negotiations over a $25 billion data center deal. (Jinshi)

Odaily News: Former SEC Acting Chairman Mark Uyeda stated that the agency dropped crypto cases in early 2025 to preserve its credibility in court ahead of a major policy shift. (Cointelegraph)

Odaily reports that Oracle has announced the expansion of its Digital Assets Data Nexus platform, adding payment execution integration, configurable wallet and smart contract controls, as well as AI-driven transaction monitoring and risk analysis features.

The upgrade supports connecting banks' existing payment systems with digital asset transaction execution through the ISO 20022 messaging standard, and plans to integrate Oracle Banking Payments and Swift Ledger, covering scenarios such as tokenized deposits, stablecoins, CBDCs, digital bonds, and real-world assets. The related features are planned for launch in fiscal year 2027.

Odaily reports: A leaked document archive from Curaçao's gambling regulator has been made public, with over 40,000 documents related to licensed casinos searchable. The documents are said to cover approximately 800 owners across nearly 650 licensed companies, and the archive states that inclusion does not imply any illegal or improper conduct.

The Curaçao Gaming Authority (CGA) confirmed that its licensing portal suffered unauthorized access, and the related forensic investigation is still ongoing. Technology service provider Softswiss stated that it does not operate online casinos nor provide gambling services to end users; the CGA said the operator "network" described in reports is a fabricated construct. (Bitcoin.com News)

Odaily: The Information reports that Deepseek's annualized revenue has reached $1 billion.

Odaily News: According to The Information, DeepSeek has completed a $7.5 billion funding round, reaching a valuation of $75 billion.

Odaily: Michael Burry, the real-life inspiration for "The Big Short," has stated that the structural shortage of memory chips currently driving gains in AI and semiconductor sectors is only temporary. He expects that as production capacity catches up with demand over the next two years, the memory industry will re-enter a downturn cycle. Accordingly, he has increased his bearish positions in Micron Technology, Nebius, the SOXX semiconductor ETF, and Palantir, and stated that if the relevant assets hit new highs again, he would consider closing his positions, but he currently still holds put options.

Michael Burry also believes that the current memory supply crunch is related to AI demand pushing manufacturers to adjust production capacity, and that once traditional DRAM production capacity is restored, the supply-demand gap may narrow. He simultaneously warned that the current AI narrative is attracting large amounts of capital into the semiconductor sector, and expressed the view that the Nasdaq 100 index is overvalued with excessively concentrated weighting, and that capital may rotate from semiconductor and AI-related stocks into other sectors. (Etoday)

Odaily reports that according to Lookonchain monitoring, Multicoin Capital, after a one-week pause, has once again deposited 130,300 HYPE worth $12.15 million to Coinbase Prime. Since July 28, Multicoin Capital has cumulatively deposited 4.23 million HYPE worth $285 million to Coinbase Prime.

Odaily News: Citi expects the Federal Reserve to hold rates steady in October and wait for more data to assess the impact of a 25 basis point policy rate hike, then stay put again in December, when a series of milder inflation readings should provide sufficient evidence that inflation is slowing, supporting the Fed in keeping rates unchanged once more. As inflation continues to cool, Citi expects the Fed to resume rate cuts in June 2027.

Odaily reports, according to Gate data, US and Brent crude oil rose 0.5 USD in short-term, currently at 91.3 USD/barrel and 98.3 USD/barrel respectively.

Odaily reports: Since August, the Ethereum perpetual contract market on prediction market platform Kalshi has seen nearly 1 million trades of nearly identical amounts, with notional trading volume exceeding $5 billion over the past month. The U.S. Commodity Futures Trading Commission (CFTC) is reviewing the related activity and has not yet decided whether to open an investigation.

In the 24 hours up to Wednesday 12:17 UTC, the market recorded 136,474 trades, with a trading value of approximately $584 million. More than 73,200 of those trades were concentrated at roughly $5,426 each, accounting for 54% of the trade count and 68% of the trading value. Open interest stood at $6.6 million, with single-day volume about 88 times the size of open interest.

Kalshi said the repeated amounts came from fixed-size orders placed by market makers and involved hundreds of different traders, and were not wash trading. The platform said its system blocks self-trades and that the related transactions are monitored. As of now, regulators have not announced any enforcement action. (Bitcoin.com News)

Odaily News: Goldman Sachs Asset Management said in a report that it still does not expect the Federal Reserve to enter a sustained rate-hiking cycle. The firm stated: "We believe tariff- and energy-related price pressures may fade, the economy shows few signs of overheating, and inflation expectations remain anchored."

The dot plot from the Fed's meeting last week indicated one more rate hike this year. According to LSEG data, money market pricing shows a cumulative 37 basis points of rate hikes across the Fed's remaining two meetings this year. (Jinshi)