Odaily News: Federal Reserve Governor Barr stated that further rate hikes may be needed; policy may need to be recalibrated; the baseline scenario is that further policy adjustments may be necessary; inflation is a key issue; the Fed has been "forced to deviate" from its 2% target, and the trend of inflation returning to 2% in a timely manner is not evident, with the risks of achieving the inflation target having increased. He also stated that compared to the 2% growth rate in the first half of the year, GDP growth in the second half is expected to "rebound slightly"; the risks of achieving the inflation target have increased, while the risks in the labor market have decreased.
Odaily News: OpenAI CEO Sam Altman stated that there is currently no timetable for an IPO. (Sina Finance)
Odaily News: OpenAI CEO Sam Altman stated that OpenAI will have "many great new models"; AI is more of a scientific problem than an engineering one. Nvidia's (NVDA.O) safety system is not a panacea. Muse is a good product, but OpenAI will not be threatened by Meta Platforms (META.O), and will subsequently launch multiple excellent new models. (Jinshi)
Odaily News: U.S. President Donald Trump rejected Iran's latest proposal regarding the reopening of the Strait of Hormuz, with new macroeconomic uncertainties weighing on risk assets. After weeks of gains, Bitcoin's rally is losing steam, as the market continues to digest the Federal Reserve's rate hike measures and braces for another possible rate hike in October. Since August 19, Bitcoin has risen 28% and is on track for its best quarterly performance since the fourth quarter of 2024. (Lianhe Zaobao)
Odaily: Bitget PoolX has launched a BTC staking event, where users can stake BTC to share a pool of 100,000 BGB. As of press time, the current BTC staking pool yield is reported at 12.37% APR. The individual staking cap is 50 BTC, and the staking channel is open from September 29 to October 4.
Odaily reports: Aztec Network developer Aztec Labs has relaunched the self-custodial wallet zk.money. The wallet can conceal payment amounts, balances, and recipient information through Aztec Network, and supports transfers via readable names or links.
Users can deposit DAI, USDC, or USDT from Ethereum, with USDC and USDT being converted to DAI. Deposit records remain publicly traceable, while subsequent transaction activity remains private.
The early Alpha version limits individual deposits, payments, and withdrawals to under $2,500, and screens addresses in accordance with sanctions policy. The software has not yet undergone a full audit and carries security risks. (CoinDesk)
Odaily reports that Yi Lihua, founder of Liquid Capital, posted on X: "The current market is in a pullback within the daily uptrend channel, which doesn't yet count as a trend reversal. However, this kind of short-term fake breakout is a typical bull trap. The key correction level is at 82K. If 82K holds, the correction is over and the uptrend continues; if 82K can't hold, we may face a larger-scale correction. When we anticipated the correction a few days ago, we made progress on one thing: not chasing the money from speculation, not going after the last penny, and patiently waiting for new opportunities with certainty. That said, with US stocks weak, interest rates high, and gold falling, the crypto market has been relatively resilient, and I'm more inclined to believe this is a normal correction after a rally."
Odaily reports, according to Hyperbot data, Machi Big Brother (Huang Lih-cheng) has just closed all of his PUMP long positions, ultimately earning a profit of approximately $827,000. His current positions are as follows:
1. 25x leverage long on 35,182 ETH, with floating profit of $278,000;
2. 40x leverage long on 450 BTC, with floating loss of $347,000;
3. 10x leverage long on 225,000 HYPE, with floating loss of $1,255,000.
Odaily News: AI startup Anthropic disclosed in its confidential IPO filing that it has signed an agreement with SpaceX, planning to pay up to $84.5 billion by 2029 for access to SpaceX's AI compute resources based on Nvidia chips. Most of the related agreements can be terminated with 90 days' advance notice. This amount is significantly higher than the scale previously disclosed by SpaceX. In May of this year, Anthropic announced a compute leasing agreement with SpaceX. SpaceX's previously submitted listing documents showed that Anthropic agreed to pay $1.25 billion per month, with a contract term of up to approximately three years, totaling nearly $45 billion, and also including a 90-day cancellation clause. (Reuters)
Odaily: Bitcoin News posted on X that Kazakhstan is drafting rules under a decree by President Kassym-Jomart Tokayev to allow mining using natural gas that is flared from oil fields. The country has previously auctioned grid electricity and moved most of its mining industry off its aging power grid.
Daniyar Mubarakov of the Blockchain and Digital Mining Association told Euronews that this gas could generate 1.2 to 1.3 terawatt-hours of electricity. Ministry of Energy statistics show that up to 60 oil fields have flared natural gas.
According to Lookonchain monitoring, trader Dicedicedice previously appeared to have bet that the United States would strike Iran before February 28, earning $120,000 for a 400% return. After more than 6 months of inactivity, Dicedicedice has placed bets again.
Odaily reports: CryptoQuant on-chain analyst Darkfost stated that Bitcoin (BTC) is currently clearly dominated by futures trading, with the ratio of Binance spot-to-futures trading volume at approximately 0.12, meaning futures account for roughly 90% of trading volume. Meanwhile, Binance BTC open interest fell from $10.6 billion to $9.2 billion over the past week, but spot demand remains weak, preventing the ratio from improving.
Darkfost noted that the current rally is primarily driven by the futures market, and spot buying remains the missing piece. If spot demand fails to follow through, this rally could become unstable.
Odaily News: Jeeves Inc. has announced the completion of a $110 million Series C funding round, led by CoinFund, with participation from AllianceBernstein, Coinbase Ventures, and Andreessen Horowitz (a16z), among others. The company is a fintech firm and plans to use the funds to launch a stablecoin wallet and AI agents, as well as to provide instant payment services in more countries.
Odaily: Coinbase has announced the expansion of its crypto-collateralized lending service, adding support for HYPE and ZEC as collateral. Eligible users can borrow instantly without selling their assets, with a maximum limit of $100,000. The service is currently available to U.S. users, excluding New York, and is powered by the decentralized lending protocol Morpho, running on the Base network.
Odaily News: The U.S. Commodity Futures Trading Commission (CFTC) has expressed concerns about misleading promotion in prediction markets and is currently investigating incentive programs in prediction markets.
