Odaily reports: Crypto analyst Darkfost stated that since late August, small- and mid-cap crypto assets have seen the strongest market cap growth, with the gap between their monthly average and yearly average market cap continuing to widen, and the relevant ratio now reaching 41%. By comparison, Bitcoin's ratio stands at 7%, while large-cap crypto assets are at just 3.5%.

Darkfost noted that this trend is relatively rare, as rallies are typically initiated by Bitcoin first, as was the case in the market performance after the 2023 bear market ended. However, small- and mid-cap assets are more sensitive to market changes, and the current trend could also reverse rapidly.

Odaily: Microsoft (MSFT.O) has withdrawn from a data center partnership project with UK emerging cloud service provider Nscale in Loughton, Essex, UK. The move comes at a critical time as Nscale prepares for its IPO, adding further uncertainty to the startup's listing plans. Reports indicate that Microsoft did not specify the reason for terminating the partnership, but the project had been facing a series of delays. Local authorities have informed Nscale that power supply for the facility is not expected to be available until the 2030s.

Additionally, Nscale's flagship project in Norway is approximately six months behind schedule, with only 6.4 megawatts of its planned 30-megawatt data center capacity currently operational. According to Nscale's IPO filing, approximately 85% of the company's contracts depend on Microsoft and Anthropic. Microsoft had originally planned to become the primary tenant of Nscale's first UK data center in Essex. Microsoft's withdrawal will deal a blow to Nscale. The company is seeking to raise up to $3 billion through its IPO, with a listing potentially as early as this month. (The Daily Telegraph)

Odaily reports that according to Arkham monitoring, whale address 0x204 withdrew 10 million Arbitrum (ARB) from Bybit within 2 hours, and had previously also withdrawn approximately 73,400 Uniswap (UNI) tokens, with a total value of about $2.34 million.

It is worth noting that Arbitrum unlocked over 93 million ARB yesterday, and nearly 500,000 tokens continue to unlock each day thereafter. Despite facing sustained token unlock pressure, the ARB price has still risen significantly recently and has remained at a high level over the past month.

Odaily reports: Variational founder and CEO Lucas Schuermann posted on X, introducing Variational's development progress and future plans.

In 2025, the goal is to complete initial growth and validate the business model of Omni-style brokers.

In 2026, RWA perpetual contracts and swap contracts will be launched, bringing traditional finance (TradFi) liquidity on-chain.

In 2027, Variational Pro will be launched for options, structured products, and other OTC derivatives, bringing institutional-grade trading on-chain.

Odaily reports that HIP-3 market deployer Entropy has launched an Anthropic Pre-IPO market on Hyperliquid. ANTH fell 0.25% over the past 24 hours and is currently trading at $1,909, corresponding to an OTC market cap that has dropped to $1.909 trillion, down from $2.1 trillion at the beginning of the month. The contract's 24-hour trading volume reached $5.6 million, with open interest standing at $40 million.

Odaily reports that Anthropic co-founder Jack Clark has warned that artificial intelligence could drive US GDP from roughly $30 trillion to $44 trillion, but humanity may have only a few years to establish effective safety safeguards to ensure AI does not exceed human control.

Jack Clark also specifically cautioned that AI could trigger a so-called "singularity," and called for global rules to prevent AI from being misused in biological research and cyber weapon development. Separately, according to related reports, Anthropic is said to be planning an IPO in November, at which point the company's valuation could reach $2 trillion. (Coin Bureau)

Odaily: Iran's Foreign Minister stated that the plan to "reopen the Strait of Hormuz within 7 days" remains valid. If the United States complies with Iran's conditions, the Strait of Hormuz could open within 6 days, with negotiations resuming on the 7th day. (Jinshi)

Odaily reports: US-listed company Hyperscale Data has announced that it has completed the tokenization of 5,000 troy ounces of physical silver through its indirect wholly-owned subsidiary Ault Global Commodities, and has launched the related tokens on the Ault Markets platform, with trading expected to begin within a few weeks.

In addition, Hyperscale Data also disclosed that its AI technology subsidiary askROI is preparing for an independent listing. Potential options include a reverse takeover (RTO), an initial public offering (IPO), or a listing through a special purpose acquisition company (SPAC), and it plans to complete the relevant transaction in the second or third quarter of 2027, though the specific timing depends on the transaction method ultimately chosen and is subject to factors such as financial and regulatory requirements and market conditions. (PRNewswire)

Odaily Report: After being forced to liquidate in July of this year, "AI Stock Oracle" Leopold Aschenbrenner's fund Situational Awareness has re-entered AI-related stocks and purchased hundreds of millions of dollars in options in early September.

However, since September 8, 6 of the 7 stocks it focused on have fallen sharply: CoreWeave dropped 37.4%, SK Hynix fell 25.8%, SanDisk declined 23.8%, DRAM fell 22.9%, Bloom Energy dropped 18.1%, and Intel fell 9.4%. Only AMD bucked the trend with a 9.1% gain, while the 7 stocks fell an average of 18.3%.

The actual investment losses of Situational Awareness still depend on position size, option terms, and subsequent trades. However, even with a long-term bullish view on AI development, options investments may still suffer losses if market movements do not align with the expected timeline. (Coin Bureau)

According to Odaily, Citrini analyst jukan posted on X platform that, citing Korean media reports, Samsung Electronics has decided to manufacture NVHBM base dies using TSMC's 3nm process at NVIDIA's request. Samsung Electronics has not entirely ruled out using its own foundry lines and is currently validating the feasibility of producing base dies in-house in the event that NVHBM demand exceeds TSMC's capacity.

Odaily reports that Hyperliquid has announced adjustments to its write priority fees rules, with the changes now live on testnet, primarily affecting latency-sensitive trading users. The new rules include:

Mempool priority applies only to Standard abstraction;

Aside from cancellations, order placements, and order modifications, other HyperCore operations will cause the relevant account's operations to be downgraded before confirmation;

Users who have previously sent CoreWriter operations directly will have their mempool priority lowered;

Additionally, using IOC and ALO priority fees requires holding at least 10 HYPE in delegatable balance.

Odaily reports: According to Arkham monitoring, as traditional finance and the DeFi market warned that Bitcoin and Ethereum could see sharp declines, a whale "went against the trend" and bought 7.6 million WLD at an average price of $0.57 over the past 14 days, worth about $4.32 million. Its unrealized loss has now exceeded $780,000 and is approaching $1 million.

Odaily: On-chain detective Specter reposted a tweet on X alerting the community that InfoFi project BILL is suspected of being a scam. The price of InfoFi project Billion (BILL) token has fallen approximately 97% from its all-time high. Over the past two months, 17 wallets that received tokens from team-associated wallets deposited approximately 988 million BILL into Bybit; this week alone, another independent deposit address deposited 360 million BILL into Bybit, with the tokens originating from the project team's multisig wallet.

Monitoring shows that approximately 1.35 billion BILL flowed into Bybit over the past two months, accounting for about 13.6% of the token's total supply, with an estimated value of approximately $15 million. It is reported that the BILL project team previously raised $30 million from venture capital firms and called the project a scam; however, the aforementioned wallet flows and allegations regarding the project's nature still require further verification.

Odaily reports: Michael Saylor, founder of bitcoin treasury company Strategy, responded in an interview with Bloomberg to the possibility that MSCI's new index rules could remove MSTR. He stated that the move does not matter much to Strategy, as the amount of capital they control is relatively small, but he is disappointed with MSCI's stance to date. Oil, natural gas, land, and machinery all count as capital, yet bitcoin does not—this is a value judgment and in fact a bias against digital assets. They are like unregistered financial advisors, setting a "bad precedent" for the entire industry, and he hopes they will reconsider. Digital assets represent the future; MSCI may not want to participate in this future, but investors will not agree, and the United States will not agree either. If MSCI abandons its proposal to remove MSTR, it would benefit the entire industry.

Regarding the core dispute over whether Strategy is a company with actual operating business, Michael Saylor compared it to banks and insurance companies. He argued that these financial institutions sell credit and policies, while Strategy uses bitcoin to support digital credit products, so Strategy is an operating enterprise and should be viewed like other financial companies.

Odaily reports: Crypto trader Ansem shared his recent investment views, stating that the crypto market is gradually shifting toward a phase that places greater emphasis on individual project fundamentals, capital inflows, and actual business performance. As a result, identifying mispriced assets and determining which teams are truly driving project development will become increasingly important, rather than relying entirely on the price action of major assets such as Bitcoin and Ethereum.

Ansem believes that the investment approach to altcoins in this cycle differs from the past. Assets such as HYPE and ZEC have, even during periods of overall market weakness, decoupled from Bitcoin and Ethereum and charted independent price movements.

Odaily reports: Nvidia Senior Vice President of PC Jeff Fisher stated in an interview that the RTX 5090 graphics card has not been discontinued. He emphasized that the RTX 5090 is an extremely important core product for Nvidia, and the company will continue to supply it. Fisher also acknowledged that supply chain capacity remains constrained, but said Nvidia is making every effort to ensure the product can be successfully brought to market.