Odaily reports that Bonk Guy posted on their personal channel stating that USELESS has hit a new all-time high in the number of holding addresses, and noted that the token has consistently exhibited a cyclical pattern over the past few months of "outperforming the market—sharp correction—consolidation—new highs." They pointed out that USELESS's market cap has risen from a low of approximately $28 million several months ago to around $318 million, with short-, medium-, and long-term cycles all showing a pattern of successively higher highs and higher lows, and argued that this trend differs from the characteristics of a topping Meme coin.
Odaily reports that the crypto market experienced a short-term pullback, with established meme coins broadly declining.
MUBARAK dropped over 19% in 24 hours, with its market cap falling to $52.37 million;
BROCCOLI714 fell over 13%, with its market cap dropping to $22 million;
WIF declined over 11%, with its market cap dropping to $230 million;
RUMP and PEPE each fell over 7%, with their market caps dropping to $1.477 billion and $1.874 billion respectively;
TST dropped over 6%, with its market cap falling to $16 million.
Odaily News: A senior Iranian official stated that Tehran is reviewing the U.S. response to our proposal to end hostilities. During indirect talks with the United States on Tuesday, the two sides discussed the reopening of the Strait of Hormuz and the lifting of the U.S. blockade. Iran's key priorities are a permanent end to hostilities and the lifting of the U.S. naval blockade. Many differences remain between Iran and the United States, but diplomacy continues. (Reuters)
Odaily News: Silvia announced that since September 15, the company has additionally repurchased 2.3% of its outstanding common shares at a price below net asset value; since the buyback program was initiated, a cumulative total of approximately 14.5% has been repurchased. As of the close on September 22, the company had 82,881,223 outstanding shares and held approximately 5,130 BTC, a decrease of about 124 BTC compared with September 15, with a net asset value per share of approximately $4.27. The company stated that it will continue to buy back shares until the share price is no longer below net asset value.
Odaily reports that Polygon Foundation CEO Sandeep Nailwal posted on X that the contract to burn 100 million POL is ready, and any community member can trigger its execution. In the future, the community can conduct a burn every quarter; POL has been in a deflationary state throughout this year.
Odaily News: Tesla CEO Elon Musk stated that he is optimistic about "biological enhancement" over the next decade, and that Neuralink, the company he co-founded, is attempting to break through the bottleneck of human information transmission bandwidth.
Musk noted that even if AI is sufficiently friendly and willing to serve humanity, the speed of information transfer between humans and machines remains too slow. The peak human bandwidth is only about 100 bits per second; our output speed is extremely low. Computers, meanwhile, communicate with each other at trillions of bits per second. Any technology that can increase the speed of human communication will improve alignment between humans and machines. Otherwise, for an AI communicating at trillions of bits per second, talking to a human would be like a human talking to a tree. (CCTV Finance)
Odaily reports that veteran trader Peter Brandt stated that his long-term ETH chart shows that if ETH breaks above $5,000, the price could eventually rise to $8,600. The higher target marked on the chart is $8,674.50.
Brandt emphasized that publishing a chart or making a price judgment is not the same as an actual trade, and those claiming to have completed a trade need to provide proof of the trade. His commodity trading career began in 1976, and he founded Factor Trading Co. in 1980. (Bitcoin News)
Odaily reports: "White-haired Stock Guru" Serenity posted on X platform stating that Lumentum, during a meeting with Stifel at ECOC 2026, said that Nvidia's Spectrum-6 CPO has seen significantly increased demand for ultra-high-power (UHP) lasers, and UHP laser demand continues to exceed supply. In addition, Lumentum said that NPO scale is larger than CPO, and multi-wavelength external lasers will drive up average selling prices. Serenity also cited a Digitimes report pointing out that Win Semi is expanding continuous wave (CW) laser production capacity, with related products expected to gradually launch in the second half of 2026 and potentially contribute significant revenue in 2027 and 2028.
Odaily: US cryptocurrency exchange Coinbase has had its membership terminated by UK Finance, the UK financial services lobbying group. Sources familiar with the matter said the UK Finance board wrote to Coinbase last week to notify it of the termination. The report noted that the move comes as the digital asset industry's influence in UK policy discussions is growing. (Bloomberg)
Odaily reports, according to Coinglass data, total liquidations across the network amounted to $230 million in the past hour, of which long liquidations were $223 million and short liquidations were $7.35 million. In addition, ETH liquidations reached $59.91 million, and BTC liquidations reached $60.88 million.
Odaily reports that Alexander Pack, co-founder of Hack VC, posted on X platform stating that Hack VC has had no direct contact with Hsin-Ju for over 10 months. He currently does not know the specific circumstances of her passing and has no further information, and called on all parties to respect those who are experiencing grief. Alexander Pack said the team was shocked and saddened by the news of Hsin-Ju's passing, and expressed their condolences to her family, friends, and all those who were close to her.
Odaily News: The AI boom has once again gained market funding support. Investors who had previously questioned AI investment returns and worried about excessively high tech stock valuations are now readjusting their views.
As major tech companies continue to increase AI infrastructure spending and related companies maintain resilient performance, the market is beginning to search for the next stage of growth pathways in the AI industry.
Over the past year, debates surrounding artificial intelligence have persisted. On one hand, companies such as Nvidia (NVDA), Microsoft (MSFT), Amazon (AMZN), and Google (GOOGL) have continued to invest hundreds of billions of dollars in building AI computing infrastructure, driving demand growth in chips, cloud computing, and data centers; on the other hand, some investors believe that while AI capital expenditure is enormous, actual commercial returns for enterprises still need time to be verified, and tech stock valuations have already priced in excessive optimism.
Recent market performance shows that capital is flowing back into AI-related assets. Investors who had previously bet that the AI rally was overdone and that tech stocks would face a correction are now reducing their bearish positions, with some traders beginning to look for new upside potential. (WSJ)
Odaily: As markets bet on further interest rate hikes from the Federal Reserve, the dollar rose to its highest level against a basket of currencies since late July. The Fed raised rates by 25 basis points last week and signaled at least one more hike this year, with the dollar finding support as rate hike expectations continue to build. During European afternoon trading, a renewed rise in energy prices also boosted the dollar, with Brent crude climbing back above $100 per barrel.
Due to the dollar's safe-haven properties and the United States' status as a net oil exporter, rising energy prices typically benefit the dollar. However, with rate expectations becoming the dominant factor, the dollar's sensitivity to oil price fluctuations has diminished. "The medium- to long-term dollar strength we had forecast may finally be starting to materialize," Standard Chartered strategist Steve Englander said in a report. (Jinshi)
