Odaily: U.S. President Trump stated that Iran is collapsing badly and it will be over soon. Oil prices will drop sharply. (Jinshi)
Odaily: U.S. President Trump announced that he will sign a strong executive order on artificial intelligence. (Jinshi)
Odaily reports: Kevin Hassett, Director of the US National Economic Council, stated that the US economy is still digesting the impact of pandemic-related fiscal stimulus from former President Biden's administration, and attributed part of the pressure during the high-inflation period to subsequent large-scale spending policies.
Hassett said Tuesday on a program that the US is "still trying to dig out from under" the effects of pandemic-era spending. He argued that while the original goal of fiscal support during the pandemic was to fill the economic gap, the subsequent scale of spending exceeded what the economy actually needed.
"We wanted to fill the gap, not do more," Hassett said, referring to pandemic stimulus policies during Trump's first term. He then stated that the Biden administration continued to maintain pandemic-era spending levels and directed funds to other areas, which was one of the important factors leading to subsequent problems.
These remarks come as the US enters the later stages of the midterm election cycle, with inflation, cost of living, and economic performance becoming key issues of debate between the two parties. Trump administration officials have recently repeatedly emphasized the connection between current economic problems and the policies of the previous administration.
Odaily News: Sources familiar with the matter revealed that OpenAI's enterprise sales have more than doubled since July. Data shows that OpenAI's annualized revenue run rate has grown by over 70% since the beginning of the third quarter and is now approaching $70 billion; during the same period, its business-to-business (B2B) revenue grew by more than 100%.
On the consumer side, OpenAI's new revenue in the third quarter exceeded the total new revenue for all of 2025. However, Axios noted that OpenAI's specific spending details are not yet known. (Axios)
Odaily reports that according to Lookonchain monitoring, today U.S. spot Bitcoin (BTC) ETFs recorded a net inflow of 511 BTC, approximately $42.99 million; over the past 7 days, cumulative net inflows reached 15,196 BTC, approximately $1.28 billion. Spot Ethereum (ETH) ETFs recorded a net inflow of 5,648 ETH yesterday, approximately $15.37 million; over the past 7 days, cumulative net inflows reached 168,733 ETH, approximately $459 million.
Odaily News: Robinhood CEO Vlad Tenev posted on X that the U.S. Securities and Exchange Commission (SEC) today issued a no-action letter to Tesla, clearing the way for its shareholder voting plan aimed at empowering retail investors. He stated that when millions of people hold shares in a public company, shareholders should be able to participate in voting more easily. Robinhood currently helps multiple companies engage directly with shareholders through in-app messaging, retail voting plans, and earnings Q&A, and said more related features will be launched in the future.
Odaily News: James Comer, Chairman of the U.S. House Oversight Committee and Republican Representative from Kentucky, has expanded an investigation into insider trading on prediction markets, requesting that Hyperliquid Labs, Crypto.com, and Aristotle Exchange Inc., the operator of PredictIt, explain their identity verification procedures as well as measures to identify and prevent insider trading.
In letters sent Tuesday to the CEOs of the three companies, Comer requested relevant documents and information, stating that the committee is investigating whether these platforms are fulfilling their legal obligations and taking sufficient measures to identify and stop insider trading before it occurs.
Odaily News: Last week, no Democratic senators in the U.S. Senate voted to advance the Clarity Act, and the bill failed to move to the next procedural step. The bill was intended to establish regulatory rules for digital assets and aimed to reduce everyday transaction costs in the United States. (CoinDesk)
Odaily: The Trump administration has launched an AI tool designed to streamline government online services. (WSJ)
Odaily reports that according to Onchain Lens monitoring, MK4 (0x773...bf66) holds a 5.84 million NEAR long position, with a position value of $29.21 million and an unrealized profit of $15.47 million. Bitwise's NEAR spot ETF has begun trading on the New York Stock Exchange. Its total unrealized PnL is a profit of $13.55 million, with a historical cumulative profit of $56.54 million.
Odaily News: US August JOLTs job openings came in at 7.079 million, versus the expected 7.225 million. The previous reading was revised from 7.271 million to 7.335 million.
US September Conference Board Consumer Confidence Index came in at 81.9, versus the expected 89.2. The previous reading was revised from 89.4 to 88.6. (Jinshi)
Odaily reported that U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins, in a live interview with CNBC, said he hopes to push the stock market toward onchain operations and stated that the entire financial system is moving toward Bitcoin and cryptocurrency. The SEC has previously introduced an "innovation exemption" allowing eligible trading venues to conduct onchain trading of tokenized U.S. stocks.
Odaily News: The U.S. 30-year Treasury yield rose to 5.59%, the highest since 2002.
According to Odaily, Bonk Guy stated in a personal channel post that USELESS has retraced approximately 40% from its recent high. Following its previous rapid rally, the current price level is beginning to present a favorable pullback buying opportunity. USELESS is expected to regain its prior relative strength in the near term, and he noted that it could become the "next DOGE/SHIB" of this cycle as well as a representative meme coin.
Odaily News: Pope Leo XIV, when asked about artificial intelligence (AI), said: "Am I in panic mode? No, I'm not. I sleep well at night." However, he also noted that experts' concerns about AI "should be taken seriously," and warned that turning a blind eye to what might happen in the future "may not be the most responsible approach." (Reuters)
Odaily reports that Bitcoin News posted on X that U.S. Securities and Exchange Commission Commissioner Hester Peirce, known as "Crypto Mom," will leave her post on October 2, ending nearly nine years of service. She previously led the SEC's Crypto Task Force, which worked on issues including Bitcoin, digital asset mining, staking, memecoins, and digital asset classification. After Peirce's departure, the SEC will be left with two commissioners: Chairman Paul Atkins and Commissioner Mark Uyeda. She plans to join Regent University School of Law as an associate professor in November.
