Odaily News: Researchers from institutions including the Ethereum Foundation, Theta Labs, and StarkWare have jointly published a paper, using AI coding agents to deeply optimize the core operations of Shor's algorithm. The computing resources required for a potential quantum attack on Bitcoin and Ethereum (secp256k1 cryptographic system) have been reduced by more than 50% compared to Google's benchmark in March of this year. The number of logical qubits required for the circuit has been compressed to 1,151, and later versions have even been reduced to 813. Although current quantum hardware still cannot directly break public chains, the research shows that pure algorithmic optimization is significantly narrowing the time window for the quantum threat. The researchers emphasize that quantum-resistant upgrades take a long time and cannot be applied retroactively, and the industry needs to prepare defenses in advance. (Coindesk)
Odaily News: According to market sources, Meta AI researcher Andrew Tulloch will leave to join Anthropic.
Odaily reports that SpaceX has disclosed a major adjustment to the way it builds AI data centers, which could slow the expansion pace of new data center campuses. According to people familiar with the matter, Musk recently assigned a group of rocket engineers to oversee data center construction. Unlike his past management style that emphasized "moving fast," the new team has adopted a more cautious approach to construction. Two years ago, Musk built data centers for his AI business at a record pace, and this shift in construction approach may extend the construction cycle for new campuses. (The Information)
Odaily News: According to MSX.COM data, US stocks opened with the Dow down 0.49%, the S&P 500 down 0.57%, the Nasdaq down 0.9%, and the VIX fear index up 12.21%. AI concept stocks broadly declined, with CoreWeave down 5.45%, Tempus AI down 4.35%, Arm down 3.85%, Ambarella down 3.71%, and KLA down 3.63%.
It is reported that MSX is a leading RWA trading platform and has cumulatively listed hundreds of RWA tokens, covering popular US stock and ETF token assets such as Nvidia, GOOGL, MSFT, AMZN, META, TSM, and AMD.
Odaily reports: According to the latest Gate data, the price of gold fell to $4,356.09 per ounce, down 1.18% intraday. The price of silver fell to $64.487 per ounce, down 3.41% intraday.
In forex, the US dollar rose 0.11% intraday against the offshore Chinese yuan (USD/CNH), with the current exchange rate at 6.71315. The US dollar rose 0.45% intraday against the Japanese yen (USD/JPY), with the current exchange rate at 154.212.
In global stock indices, the Euro Stoxx 50 Index (EUSTX50) fell 0.63% intraday, to 6,280.81 points; the UK FTSE 100 Index (UK100) fell 0.2% intraday, to 10,633.2 points; the German DAX 40 Index (GER40) fell 0.29% intraday, to 25,460.8 points.
In commodities, WTI crude oil rose 3.06% intraday, to $100.1 per barrel. Brent crude oil rose 3.06% intraday, to $106.13 per barrel.
Gate supports users in directly trading traditional financial market products within the platform, offering one-stop coverage of multiple asset classes including precious metals, forex, global stock contracts for difference (CFDs), major indices, and commodities, achieving deep integration of crypto assets and traditional financial assets. Gate TradFi-related features have been fully integrated into the Gate App and Web, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market and continuously enhancing the multi-asset allocation experience.
Odaily reports: According to a statement from the U.S. General Services Administration (GSA), OpenAI is ending a pilot program that allowed government agencies to use its models for just $1 per year, shifting to a usage-based pricing system where federal workers will access the technology at a 50% discount off standard rates.
In August of last year, to drive adoption of its models, OpenAI joined GSA's OneGov marketplace—a hub that allows federal agencies to purchase AI software at scale. According to previous reports, the $1-per-year terms negotiated for the first year represented the largest technology discount ever secured by the government's central procurement department. According to GSA, during this period, 3.5 million federal employees used OpenAI's ChatGPT, generating $1.4 billion in cost savings.
According to on-chain analyst Ai Yi, a certain ETH whale opened a position again after five months, spending 4.82 million USDT to buy 1,951 ETH at a cost of $2,469.6, and subsequently deposited it into Morpho.
Odaily reports that Meta has taken over the Instagram handle "@muse" for its new AI product, forcing the well-known rock band Muse to change its official account to "@museband." The move has sparked intense criticism from netizens and the band's fans over Meta's handling of the account, and Meta CEO Mark Zuckerberg is now facing a public backlash.
Meta previously announced the launch of its personal AI agent app Muse, which allows users to delegate digital tasks such as scheduling appointments, filling out spreadsheets, and monitoring home cameras to an AI assistant. Users can choose whether to allow Meta to use their interactions with Muse to train its AI models; if they opt in, Meta will remove key personally identifiable information before using the data for model improvement. Meta is reportedly under pressure regarding AI safety, privacy concerns, and returns on its AI investments. Zuckerberg has previously stated that personal AI agents will become a key direction for the company's future products and revenue growth, and that it will explore business models related to shopping transactions conducted through AI agents.
Odaily News: Jiang Zhuo'er of LEBIT Mining Pool stated in a post that following the release of the U.S. Producer Price Index (PPI), the probability of a Federal Reserve rate hike has risen to 70%. He expects that the upcoming Consumer Price Index (CPI) may underperform, and stated that he is preparing to short.
Odaily News: Positron, an AI chip startup focused on designing hardware that helps AI models run faster, said it has raised $875 million at a $5 billion valuation, with the company's value surging significantly over the past six months. The round was co-led by venture capital firms NEA, Atreides Management, Valor Equity Partners, Andra Capital, analyst Dylan Patel's SemiAnalysis Capital, and Netscape co-founder Jim Clark.
Positron raised $230 million in its most recent funding round in February of this year at a $1 billion valuation. Positron said it has delivered approximately 50 Atlas server racks of its previous generation to Oracle, with other customers including financial firm Jump Trading and AI company Parasail. Positron is trying to gain an edge in the crowded chip industry by bringing its chips to market as quickly as possible. (The Wall Street Journal)
Odaily News: According to market sources, the OpenAI Foundation has invested $60 million in AI weather forecasting.
Odaily reports that according to BitcoinTreasuries.NET, Strive pre-market trading has opened, with SATA just $0.05 away from par value and expected to begin accumulating bitcoin soon. So far this week, Strive has raised enough funds to purchase over 130 bitcoins.
Odaily News: Markets have increased their bets on a Federal Reserve rate hike at next week's meeting. The first key inflation report released this week showed that U.S. producer prices rose 5.4% in the 12 months through August. Before the report was released, the market expected about a 65% probability that the Fed would raise rates by 25 basis points at its September 15-16 meeting. According to the price of federal funds futures contracts on the Chicago Mercantile Exchange (CME), the market now expects that probability to have risen to about 70%.
Odaily reports that data shows the U.S. August PPI annual rate came in at 2.4%, higher than the market expectation of 5.3%, while the August core PPI monthly rate came in at 0.2%, below the market expectation of 0.3%, sending mixed signals as Fed officials debate whether to raise rates next week.
Following the PPI data release, the market has fully priced in a Fed rate hike in October. This PPI report was published one day before the latest CPI data is released, which is expected to show relatively mild so-called core inflation.
Some Fed officials have hinted that the rate decision at the September 15-16 meeting may depend on what this week's reports reveal. Fed Chair Warsh said in a speech last month that if policymakers cannot be confident that underlying inflation trends are improving significantly, the Fed "still has work to do." Amid ongoing hostilities between the U.S. and Iran, a renewed rise in oil prices could further complicate the outlook.
Odaily News: The US midterm election season has entered its final stage, and Wall Street is busy devising strategies for a range of scenarios. However, by a stroke of luck, the outcome that is best for markets also appears to be the most likely. Investors are growing increasingly confident that Democrats will take the House in November, while believing that Republicans hold only a slim advantage in the Senate. In the view of many market observers, this is the most ideal combination with the least disruptive policy risk. Although confidence in this outcome is not unfounded, it is far from a sure thing.
Prediction markets currently favor Democrats winning control of the House. However, the Senate race has become more of a toss-up, with Republicans currently holding a slight lead on Kalshi and Polymarket. Futures markets tied to the Chicago Board Options Exchange Volatility Index show rising demand for protection against S&P 500 volatility in early November. Evercore ISI recommends that traders position for potential market swings by using so-called straddle option combinations on the State Street SPDR S&P 500 ETF Trust. (WSJ)
