like

Elon Musk announced a new feature, which allows users to transfer $1 to others via X Money by long-pressing the "like" button.

The U.S. Department of the Treasury has released proposed rules for the implementation of the COINS Act, planning to further expand restrictions on foreign investments in sensitive technology sectors concerning certain "countries of concern." The current system primarily covers entities related to China, and the proposed rules aim to tighten restrictions in areas such as AI and semiconductors, extending the regulatory framework to more sensitive technologies and countries.In the field of AI, some investments that can still be made under the current rules after declaration are proposed to be further prohibited; in the semiconductor sector, high-bandwidth memory, photonic chips, and radiation-resistant chips are also included in the scope of stricter restrictions. Meanwhile, biotechnology has been added as a key regulatory area, involving directions such as brain-computer interfaces and automated laboratory software.

According to the Science and Technology Innovation Board Daily, Nvidia CEO Jensen Huang stated during a media interview at the GTC conference in Berlin on Thursday that the likelihood of a memory supply surplus by 2029 is low. He mentioned that one great aspect of memory is that there is always more that can be used, and he noted that HBM will continue to be applied in the coming years.Jensen Huang also stated that Nvidia is the first company in the world to introduce LPDDR memory, used in mobile phones, into data centers, which doubles its energy efficiency compared to any current global solution, thus it will continue to use this type of memory extensively. He mentioned last Thursday that customer demand for AI chip orders continues to exceed the company's supply capacity, with new orders pouring in almost weekly, if not daily.In the past week, storage chip stocks faced sell-offs due to market concerns over supply surplus and weak demand. A well-known media outlet in South Korea published a column last week, citing two experts who predicted that by 2029, there will be a significant increase in semiconductor supply, and the storage chip market may turn into a red ocean. On Thursday, the Nasdaq Composite Index closed down 2.6%, at 26008.86 points; SanDisk fell 8.51%, SK Hynix fell 8.07%, Seagate Technology fell 7.86%, Western Digital fell 6.43%, and Micron Technology fell 6.23%.

Aave posted on platform X: The first batch of externally curated markets for Aave V4 is now live, with strategies developed by @SentoraHQ. Users can borrow RLUSD, PYUSD, and OUSD using yield-bearing assets and blue-chip assets as collateral in three new markets on Ethereum.

Bitcoin has been trapped in the range of $80,000 to $84,000 for the past two weeks. Huobi HTX's chief analyst Cloud believes that this is essentially a balance of two opposing forces: ETFs have seen a net outflow for two consecutive weeks, while exchange holdings continue to flow out, and long-term holders are only moderately cashing out. In the week leading up to the Federal Reserve's interest rate decision, Bitcoin is likely to continue waiting in this range. The CME has only priced in a 16% chance of a rate hike in October, while economists generally believe it is close to a 50-50 chance. This discrepancy in pricing and opinions will make funds hesitant to bet in advance.If a direction is chosen in advance, the possibility of a downward test is slightly higher: the funding rate remains high, and the options skew continues to lean towards puts, indicating that bulls have not yet cleared out, and the demand for downside protection is still increasing. However, there has been effective support formed multiple times below $80,000 in the past month, making a downward breakout more likely to be a false breakout.Confirmation signals for a breakout are divided into two groups: for an upward breakout, the daily close needs to be above $84,200, with a cumulative net inflow of over $500 million into ETFs for three consecutive days, and the funding rate not exceeding 15%; for a downward breakout, it must fall below $79,800, with a single-week ETF outflow exceeding $500 million, while exchange funds turn into net inflows. The true source of direction will come from the interest rate decision announced at midnight on October 29, Beijing time, and the nearly 89% pricing for a rate hike in December.Note: The content of this article is not investment advice and does not constitute any offer, solicitation, or recommendation for any investment products.

According to Cointelegraph, Bitwise Research Director Ryan Rasmussen stated that in the third quarter of 2026, the overall purchasing of Bitcoin by treasury companies slowed down, with a net increase of 1,666 BTC for the Strategy that quarter, down from 83,901 BTC in the second quarter; other listed companies had a net increase of 5,617 BTC, down from 45,725 BTC in the previous quarter. He expects corporate purchases to accelerate again as early as this year.Bitfinex Derivatives Director Jag Kooner mentioned that if the stock prices of treasury companies rise above the value of their holdings, it may restart stock purchases, but "the likelihood of returning to last year's indiscriminate financing wave is low," and funds will prioritize mature companies with scale, liquidity, and a proven track record.

Bitcoin has retreated from around $86,000 at the beginning of October, fluctuating in the range of $81,000 to $84,000 in recent days, while the US dollar has strengthened and US Treasury yields remain high. Cloud, the chief analyst at Huobi HTX, believes that the likelihood of breaking down from the fluctuation range is greater.The ISM services price index rose to 74.0 in September, the highest since July 2022, and the one-year inflation expectation from the University of Michigan rose to 4.7% in October. The rise in price components and inflation expectations indicates that the probability of CPI exceeding expectations this Thursday is not low; if this materializes, the pricing for interest rate hikes at the end of the year will be further strengthened, and the lower bound of $81,000 will be tested first. Only if CPI is below expectations will the breakthrough of the upper bound of $84,000 have sustainability.The recent decline in chip stocks is mainly due to the repricing of AI capital expenditures and hardware profit expectations. The retracement of Bitcoin is smaller, indicating that its pricing is more aligned with macro liquidity, and its correlation with the AI narrative is weakening; however, this divergence is temporary. Once the US dollar and long-term interest rates regain dominance in pricing, the linkage will quickly strengthen, with the CPI announcement on Thursday evening serving as a recent testing window.

According to K33 Research, the U.S. government transferred approximately 17,733 BTC to Coinbase Prime this week, including 12,267 BTC related to the Bitfinex hacking incident. After the transfer, the government's marked holdings decreased from 324,527 BTC to 306,795 BTC. If we include unmarked suspected government wallets, the total amount of BTC transferred to Coinbase Prime is about 21,500 BTC.Analysis suggests that this transfer is likely a custody operation rather than a sale—Coinbase Prime has been the custodian for the U.S. Marshals Service since 2024. The cryptocurrencies related to Bitfinex are still in the claims process, and the Department of Justice has requested that victims be compensated in BTC; the ban on the strategic Bitcoin reserve only covers cryptocurrencies that have been fully confiscated. Additionally, about 1,200 BTC from FTX and HashFlare were transferred simultaneously, which may be paid to victims in cash through compensation channels.It is noteworthy that approximately 15,000 BTC related to Bitfinex claims were transferred within two days, which may indicate that the distribution plan or related rulings are progressing.

On Tuesday, the global semiconductor sector faced a massive sell-off, with the decline intensifying. The trigger was Broadcom CEO Hock Tan stating that AI investments have a "casino-like" nature. He mentioned in Singapore on Monday that many investors do not even know what they are investing in and that investors have set extremely high expectations, only to find that it is just like being in a casino.The world's two largest memory chip manufacturers, Samsung Electronics and SK Hynix, saw their stock prices plunge by 8.8% and 9.2% at one point during the morning session, dragging down South Korea's main stock index by 7%. The two companies account for about half of the weight in the Korea Composite Stock Price Index, and their stock prices have cumulatively dropped by about 15% over the past five days. The Taiwan Weighted Stock Index, dominated by chip stocks, fell by 2.5%, with TSMC down 2%; Micron Technology dropped nearly 4% overnight, and the Philadelphia Stock Exchange Semiconductor Index fell by 2.7%.

According to Bloomberg, Hock Tan, CEO of chip company Broadcom, stated at an event in Singapore on Monday that the artificial intelligence craze has attracted a group of investors with strategies similar to gamblers, some of whom have little understanding of what they are betting on. He mentioned that many investors "don't even know what they are investing in," setting extremely high expectations, resulting in a situation that is "almost like being in a casino," and specifically pointed to the investment frenzy driven by a lack of understanding of cutting-edge large language models.As the head of a company that designs key components for global data centers, Tan also questioned whether companies are wasting money on AI projects and the long-term economics of AI labs that are continuously losing money. He noted that ChatGPT developer OpenAI's annualized revenue reached $50 billion in September, indicating a viable model, but it does not guarantee long-term profitability; it is still losing money due to high training costs, and currently only suggests that cutting-edge generative models have significant potential revenue growth.Tan also warned that a lack of capital could become the next constraint on industry growth. The Australia-based data center company Firmus Grid, supported by Nvidia, withdrew its planned $5.5 billion IPO last week. Before Tan's remarks, DBS Group CEO Tan Su Shan stated that after a large amount of investment, the market is re-pricing the risks associated with AI financing.

Shunyet Jan, the head of trading and trading operations at Binance, stated that the future competition among financial platforms will no longer be limited to cryptocurrency asset trading, but will integrate services such as investment, payment, lending, and asset management, creating a comprehensive financial ecosystem that covers both traditional finance and the cryptocurrency market. Jan has worked for about 30 years at Goldman Sachs, Morgan Stanley, and JPMorgan Chase. He believes that traditional finance has advantages in regulation, risk management, and functional segregation, while the cryptocurrency industry is more competitive in 24-hour trading, fast settlement, and openness, and that the two will accelerate their integration in the future.Binance hopes to allow users to utilize their financial value without having to sell underlying assets through features such as unified accounts, cross-asset margin, tokenized assets, and stablecoin payments, and to explore using AI to simplify asset selection and risk management. Jan revealed that Binance currently has over 300 million users, most of whom come from emerging markets; among users of its direct stock and tokenized stock products, about 90% come from emerging markets. He stated that Binance's long-term goal is to expand its user base from 300 million to 3 billion and to become a financial infrastructure that more people can use.

According to monitoring by Catcher Predict, in the market prediction event on Polymarket for "Dota 2: Team Synapse vs LEGION - PARI Universe Playoff Qualifiers," the "Any Player Ultra Kill" sub-market's "Yes" option win rate has experienced significant fluctuations, soaring from 50% an hour ago to the current 90.5% (a fluctuation of 40.5%). Please note the impact of related breaking news.

JPMorgan stated that the likelihood of the United States imposing tariffs on silver and platinum group metals is "decreasing."

According to Arkham monitoring, the whale 0x355 invested nearly 4.9 million USD in BNB, ETH, LINK, PENDLE, MORPHO, and ENA tokens on Binance four months ago.Currently, the value of this portfolio has increased by nearly 800,000 USD compared to the initial investment, mainly benefiting from the recent price increases of ETH and BNB. The other altcoins held by this whale have seen relatively small price changes due to the later buying time.

Zach Pandl, the Director of Research at Grayscale, stated that the AI crypto sector rose by 54% in September, significantly outperforming the overall crypto market, which increased by 24%. Despite this recent surge, the sector's market capitalization is still only about $15 billion, making it the smallest category among the six crypto sectors defined by Grayscale.Among the representative tokens in the sector, NEAR rose by 183% in September, Venice (VVV) increased by 70%, World (WLD) went up by 47%, and Bittensor (TAO) climbed by 37%. These projects involve agent commerce, privacy AI applications, human verification, and an open AI network encompassing reasoning, agents, data, and computation.Grayscale believes that public blockchains can provide an open infrastructure for agent payments, identity, privacy computing, and verifiable records, complementing the current AI development ecosystem that is concentrated among a few companies. The AI crypto sector may see one or more major winners in the next five years, and recent performance indicates that investors are beginning to price in the role of blockchain as infrastructure in the emerging agent economy.

According to Ark Invest Tracker, Ark Invest states that AI hacking attacks are affecting everything. The risks go far beyond Bitcoin, as AI makes software vulnerabilities easier to discover and exploit.Bitcoin and hardware wallets may be the first to be impacted, but social media, tax, and banking websites may also face the same threats. Trusting a big brand still means trusting that the company will not make mistakes as AI becomes increasingly powerful. ARK expects that large custodial institutions will also become targets, with AI potentially discovering and exploiting vulnerabilities at an unprecedented speed.

Chi Lo, a strategist at Societe Generale, stated that although the market expects two more rate hikes, it is unlikely that the Federal Reserve's rate hike in September will mark the beginning of a new tightening cycle similar to that of 2022 to 2023. Instead, this may signal the start of preventive rate hikes aimed at bringing inflation back to target levels by reversing last year's three rate cuts.He noted that further rate hikes will not alleviate external shocks such as war and energy price inflation, but they will ease financial market concerns about the Federal Reserve's anti-inflation credibility. The Federal Reserve cannot continue to ignore recurring shocks or those that fail to dissipate as expected. By slowing down activity in other areas of the economy to curb inflationary pressures, further rate hikes may also carry the risk of pushing the economy into stagflation.

CryptoQuant analyst Darkfost stated that a recent paper explored the possibility of implementing privacy transactions on Bitcoin, characterized by the ability to achieve this directly on Bitcoin L1 without the need for a soft fork, making privacy transactions a native feature.Darkfost mentioned that he is not a developer and lacks the relevant technical background, but this idea is quite appealing. He believes it could be an important direction for Bitcoin's evolution according to Satoshi Nakamoto's original vision, while potentially diminishing the appeal of privacy projects like Zcash and Monero.

Goldman Sachs Asset Management stated that the Federal Reserve is unlikely to enter a prolonged rate hike cycle. The institution believes that tariff and energy price pressures may ease, there are no signs of an overheating economy, and inflation expectations remain anchored. The Federal Reserve's dot plot indicates one more rate hike this year, while the money market pricing shows that the remaining two meetings will cumulatively raise rates by 37 basis points.

Glassnode stated that over time, it seems increasingly unlikely that a decline of the same depth as in past cycles will occur again in the later stages of this market. The "four-year cycle" pattern that the market previously relied on has not been reflected in this bear market.Data shows that the drawdowns in the past three cycles exceeded twice that of this cycle, and there are still several weeks until the cycle low point; in contrast, this time BTC has only fallen about 30% from its historical high, and the price is currently rising.