24H Trending Coins and News | Google Set to Release Gemini 4; US 10-Year and 30-Year Treasury Yields Both Hit Highest Since 2007 (September 25)
- Key Takeaways: The market is showing a dual-mainline resonance between AI and crypto: rising Federal Reserve rate hike expectations and US Treasury yields hitting a 2007 high constitute macroeconomic pressure, but AI computing power and infrastructure sectors are seeing active fundraising, with CEX trending coins broadly rising and LSK leading gains at over 30%.
- Key Elements:
- All top 10 coins by CEX trading volume posted gains, with LSK leading at +30.35%, followed by SOL, NEAR, and SUI.
- Multiple Federal Reserve officials signaled further rate hikes, with the 10-year US Treasury yield rising to 5.14%, the highest since 2007.
- New York State sued Polymarket for alleged illegal gambling; the CFTC is reviewing anomalous trading activity on Kalshi involving $5 billion in notional trading volume.
- AI infrastructure fundraising is intensive: a CoreWeave-affiliated data center raised $1.1 billion, Verda completed a $189 million funding round, and Island reached a $6.4 billion valuation.
- Google DeepMind is about to release its flagship AI model Gemini 4, currently in the post-training phase, with an expected launch well before the end of the year.
- Binance will list HYPE and add a seed tag; the Polygon Foundation permanently burned 100 million POL, approximately 1% of total supply.
- The US and China agreed to extend the trade truce by two months to January 10 next year, buying more time for economic negotiations.
1. Trending CEX Tokens
Top 10 CEX Tokens by Trading Volume and 24-Hour Change:
- BNB: +1.89%
- BTC: +0.03%
- ETH: +0.55%
- SOL: +2.36%
- LSK: +30.35%
- NEAR: +9.64%
- XRP: +2.92%
- ZEC: +2.96%
- DOGE: +4.16%
- SUI: +6.80%
Top 24-Hour Gainers (Data Source: OKX):
- LSK: +38.13%
- DORA: +29.17%
- ONDO: +26.67%
- XPL: +22.50%
- LTC: +18.11%
- SONIC: +16.41%
- FET: +16.11%
- CHIP: +14.68%
- LDO: +14.06%
- 2Z: +12.23%
Top 24-Hour Tokenized Stock Gainers (Data Source: msx.com):
- TSSI.M: +11.1%
- AXTX.M: +8.67%
- PL.M: +8.24%
- SATL.M: +8.17%
- NBIS.M: +7.25%
- TEM.M: +6.87%
- MRNA.M: +6.82%
- BEZ.M: +6.4%
- HYPD.M: +6.38%
- SNDQ.M: +6.38%
2. Top 5 Trending On-Chain Meme Coins (Data Source: GMGN):
- Pumpies
- Robinhood
- STONKBLEND
- SI
- TIMMY
Headlines
Google Nears Launch of Flagship Gemini 4 AI Model
Kavukcuoglu, head of Google's DeepMind division, said Wednesday that Google is about to release its latest flagship model, Gemini 4. The development is highly anticipated after the tech giant fell behind rivals Anthropic and OpenAI in the AI model race.
Kavukcuoglu said Gemini 4 is in the early stages of "post-training" development, which involves fine-tuning the base AI model. He said he hopes the model will be released "well before" the end of this year. "Our intent is to release an early post-training result as soon as possible because we're seeing the results and we're excited," he said. Google will then "continue to iterate at a fast pace."
Market News: New York State Sues Polymarket, Alleging Illegal Gambling Operations
According to market news, the New York State government has filed a lawsuit accusing prediction market platform Polymarket of operating an illegal gambling business. Further details on the specific allegations and the relief sought by New York State have not yet been disclosed.
US 10-Year and 30-Year Treasury Yields Hit Highest Since 2007
The 10-year US Treasury yield rose 2 basis points to 5.14%, the highest level since 2007. The 30-year US Treasury yield climbed 3 basis points intraday to 5.435%, a new high since 2007. (Jinshi)
Industry News
Fed's Paulson: Another Rate Hike May Be Needed to Lower Inflation
Federal Reserve's Paulson said the Fed may need to raise rates again to bring down inflation. A September rate hike would help adjust policy to a more effective anti-inflation stance, inflation risk balance shifted before the September policy meeting, underlying inflation is "still stubbornly high," and the economy is resilient, showing signs of strengthening growth momentum.
Wall Street Weighs US Election Risk: AI Trades in Focus
The US midterm elections are becoming a key source of concern for the stock market amid booming AI trades. Polls and prediction market results over the past few weeks have clearly favored Democrats, increasingly suggesting the party could regain control of at least one chamber of Congress.
Wall Street strategists noted that such an outcome could pressure stocks that have benefited from the AI boom. These stocks tend to trade at lofty valuations with little margin for error, and future investigations, hearings, or even stricter regulatory measures could all serve as headwinds.
Brian Mulberry, chief market strategist at Zacks Investment, said that if Democrats perform strongly in the November elections, hearings on AI safety issues could increase in both number and intensity, and news out of Washington could fuel traders' concerns about congressional action, leading to volatility in AI-related sectors.
Wolfe Research strategist Tobin Marcus expects Democrats could establish a "special AI committee" to question industry executives and potentially issue subpoenas.
Fed's Williams: Another Rate Hike Before Year-End Is Reasonable
Fed's Williams: Another rate hike before year-end is reasonable. (Jinshi)
Citi: Expects Fed to Hold Rates Steady in October and December, Resume Cuts in June 2027
Citi expects the Fed to hold rates steady in October and wait for more data to assess the impact of a 25 basis point policy rate hike, then hold again in December, when a string of milder inflation readings should provide sufficient evidence that inflation is slowing, supporting another hold. As inflation continues to cool, Citi expects the Fed to resume rate cuts in June 2027.
Kalshi Single Market Sees Nearly Identical Trades Exceeding $5 Billion, CFTC Reviewing Activity
Prediction market platform Kalshi's Ethereum perpetual contract market has seen nearly 1 million trades of nearly identical amounts since August, with notional trading volume exceeding $5 billion over the past month. The US Commodity Futures Trading Commission (CFTC) is reviewing the activity and has not yet decided whether to open an investigation.
In the 24 hours to 12:17 UTC on Wednesday, the market recorded 136,474 trades worth about $584 million. More than 73,200 trades were concentrated at about $5,426, accounting for 54% of the trade count and 68% of the value; open interest stood at $6.6 million, with single-day volume about 88 times open interest.
Kalshi said the repeated amounts came from fixed-size orders placed by market makers involving hundreds of different traders and were not wash trading. The platform said its system blocks self-matching and the trades are monitored; as of now, regulators have not announced any enforcement action. (Bitcoin.com News)
Bessent: US and China Agree to Extend Trade Truce by Two Months
US Treasury Secretary Scott Bessent, who hosted trade talks with China this week, said in an interview with Fox News that the US and China have agreed to extend the trade truce by two months after it expires in November.
The truce was reached last year in South Korea. Before that, President Trump imposed high tariffs on Chinese exports, and the two countries became locked in a tit-for-tat trade war. The truce included the US pausing some tariffs and other restrictions on China's economy, while China agreed to stabilize supplies of rare earth minerals needed for US cars, semiconductors, aircraft, power tools, and other products.
Bessent said the agreement will be extended to January 10 next year, "giving us more time to explore what measures can be taken in the economic sphere."
Project News
According to monitoring, the attacker previously obtained initial funding through the privacy protocol Railgun, then swapped the stolen USDC for ETH and spread the funds across 3 addresses.
Binance to List HYPE and Add Seed Tag
According to an official announcement, Binance will list Hyperliquid (HYPE) on September 24, 2026 at 19:00 (Beijing time) and open HYPE/USDT, HYPE/USDC, and HYPE/TRY spot trading pairs. HYPE will be added with a seed tag.
Polygon Foundation CEO: 100 Million POL Permanently Burned, About 1% of Total Supply
Polygon Foundation CEO Sandeep Nailwal posted that 100 million POL has been permanently burned, about 1% of the total supply.
Previously, Sandeep Nailwal said the relevant burn contract was ready and could be triggered by any community member, and noted that the community could consider a quarterly POL burn in the future.
Funding and Investment
CoreWeave-Linked Data Center Raises $1.1 Billion to Bet on AI Compute
A data center developer backed by an affiliate of Blue Owl Capital announced a $1.1 billion bond raise to bet on AI compute, funding the Digital Drive data center project near Richmond, Virginia. The data center has 76 megawatts of IT capacity and will be fully leased by CoreWeave under a 15-year, $2.94 billion contract, with operations expected to begin between 2027 and 2028. (Bloomberg)
AI Infrastructure Company Verda Completes $189 Million Funding Round, Led by Emergence Capital
AI infrastructure company Verda completed a new $189 million funding round led by Emergence Capital, with participation from MUFG Innovation Partners, computer maker Super Micro Computer, Varma Mutual Pension Insurance, and Lifeline Ventures, among others. The company's valuation after the raise reached at least $1 billion. (Bloomberg)
Stablecoin infrastructure company HIFI completed a $37 million Series A funding round led by Left Lane Capital, with the specific valuation not disclosed. HIFI CEO Zach Walsh said this is the company's first priced funding round, and the platform currently directly processes about $7 billion in annualized transaction volume. The funds will be used to expand stablecoin payment products and tokenized capital markets infrastructure. HIFI currently supports fiat on/off ramps between USD and stablecoins, payments through the US banking system and bank cards, and provides USD cash settlement services for tokenized repurchase agreements and US Treasury transactions. HIFI has also participated in the US Depository Trust & Clearing Corporation (DTCC)'s production trading tests for tokenized securities. (Cointelegraph)
AI Company Island Completes $400 Million Series F Funding, Led by Evolution Equity Partners
AI startup Island announced the completion of a $400 million Series F funding round led by Evolution Equity Partners, with participation from existing investors Prysm Capital, Sequoia Capital, Coatue Management, Cyberstarts, Insight Partners, and JP Morgan Growth Equity Partners. The company's valuation reached $6.4 billion.
The Dallas-based company mainly develops enterprise security tools. Island said the new funds will drive the company's next phase of growth and innovation, help enterprises scale AI agent adoption, and advance the modernization of work. (Reuters)
The Information: DeepSeek Completes $7.5 Billion Funding Round, Valuation Reaches $75 Billion
According to The Information: DeepSeek completes $7.5 billion funding round, valuation reaches $75 billion.
Voices
Musk: SpaceX AI Project Accelerating, Expected to Reach Leading Position Within Half a Year
Musk said SpaceX (SPCX.O) will continue to accelerate AI development and stated that if current growth momentum is maintained, SpaceX is expected to reach a leading position in AI in about 6 months.
Musk noted that SpaceX's AI project has only been underway for about 3 years, while Anthropic and OpenAI have histories of 6 and 10 years respectively, but the company still has the potential to catch up quickly. He said AI capability is not always better the higher it is, and once intelligence exceeds the requirements of a certain type of task, further improvement has limited value. Musk also emphasized that the key challenge in AI competition lies in hardware and compute, and rapidly deploying large-scale computing power is very difficult, while SpaceX has demonstrated strong infrastructure-building capabilities and will continue to improve.
Tom Lee: Robinhood Chose Ethereum Not for Low Fees, but for Security and Liquidity
In an interview, Tom Lee said Ethereum's value proposition is gradually moving beyond simply capturing transaction fees, and it does not need to maximize gas fees or extract more value from projects on the network to achieve growth; meanwhile, ETH is gradually evolving into a store-of-value asset, with users holding ETH because it has real utility and upside potential. Robinhood chose Ethereum as the infrastructure for its related business mainly for its security and liquidity, not low transaction fees.
Michael Burry, the inspiration for "The Big Short," said the structural memory chip shortage currently driving gains in AI and semiconductor stocks is only temporary, and he expects the memory industry to re-enter a downturn over the next two years as capacity catches up with demand. He accordingly increased bearish positions in Micron Technology, Nebius, the SOXX semiconductor ETF, and Palantir, and said he would consider closing positions if the relevant assets hit new highs again, though he currently still holds put options.
Michael Burry also believes the current memory supply crunch is related to manufacturers adjusting capacity due to AI demand, and once traditional DRAM capacity recovers, the supply-demand gap could narrow. He also warned that the current AI narrative is drawing large amounts of capital into the semiconductor sector, and said Nasdaq 100 valuations are too high and weights overly concentrated, with funds potentially rotating from semiconductor and AI-related stocks into other sectors. (Etoday)
