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According to The Block, Grayscale's research director Zach Pandl stated that the approximately $58,000 low reached around June 30 remains his assessment of the bottom of the current bear market phase, and Grayscale is currently advising clients to allocate Bitcoin.Pandl mentioned in an interview with The Block during the Avalanche summit in New York that they have maintained the view that $58,000 is the bottom of this bear market phase for the past few months. This assessment echoes the comments made by Coinbase CEO Brian Armstrong, who stated on September 10 that Bitcoin has bottomed out in the current cycle and expects a sustained upward trend for the next two years.Pandl stated that Grayscale uses a three-part framework to assess whether clients should allocate Bitcoin, including long-term structural trends, market cycle phases, and macro context. He believes that all three conditions are currently met, thus giving clients the "green light" to allocate Bitcoin. As of Thursday morning, Bitcoin was above $76,000, up 0.8% in 24 hours, but still down about 39% from its historical high of approximately $126,000.Pandl also compared Bitcoin with Zcash, noting that Grayscale has offered investment products for Zcash for about nine years. He believes that Zcash occupies an "underutilized and unexplored design space," rather than directly competing with Bitcoin, and pointed out that as artificial intelligence becomes more powerful, privacy issues are receiving more attention, with Zcash providing investors a way to express their views on personal and financial privacy.

According to Bloomberg, the AI startup Manus founded in China plans to complete approximately $500 million in financing, with its valuation expected to double to $4 billion. This is the company's first round of financing since Beijing requested it to split from Meta Platforms, and the related transaction is expected to be completed soon.Insiders say that negotiations are still ongoing, and the terms of the deal may change. After this round of financing is completed, Manus, a pioneer in the field of agent AI, will become the highest-valued startup in this sector in China. Existing investors include Tencent, HSG, and ZhenFund. Representatives from Manus, Tencent, HSG, and ZhenFund declined to comment.

As of September 16, the Federal Reserve's interest rate decision in the United States is capped at 4%, in line with expectations, with the previous value being 3.75%.

At 2 AM Beijing time on Thursday, the Federal Reserve will announce its interest rate decision, with the market pricing in a probability of over 90% for a 25 basis point rate hike. Oil prices have risen above $100, and the yield on the 10-year U.S. Treasury has surpassed the critical psychological threshold of 5%. The focus of this meeting is whether the dot plot will be more hawkish and the description of the subsequent path.

According to Bitcoin News monitoring, JAN3 stated that its newly launched exchange infrastructure Indra experienced a denial-of-service attack, and the team temporarily disabled forward exchanges during the investigation. Ongoing exchanges may experience delays.Indra, developed by JAN3, aims to replace Boltz in Aqua, allowing users to transfer Bitcoin between Lightning and Liquid, but Liquid anchoring operations are still restricted.

According to Coinglass data, in the past hour, the total liquidation across the network was 101 million dollars, of which long positions accounted for 95.21 million dollars and short positions accounted for 6 million dollars.

User Kevin Bass posted that he has audited the finances of the artificial intelligence company Anthropic and found shocking circumstances, thus calling for Congress to investigate. Bass stated: Anthropic not only seeks regulatory capture but has also built an unshuttable regulatory capture machine, with structural financial incentives making it impossible to shut down its AI doomsday loop. This loop begins with METR, which Anthropic CEO Dario Amodei proposed to be assessed for model risk by a third-party evaluation agency and suggested METR.Bass claimed that METR financially relies on Anthropic's success, particularly the explosive growth of Anthropic stock exceeding $7 billion. Facebook co-founder Dustin Moskovitz invested this stock into Good Ventures Foundation, which constitutes the majority of the organization's portfolio, and GVF is the overwhelming funder of the entire Anthropic network ecosystem. This stock was worth $500 million earlier last year and is now valued at over $7.7 billion about 16 months later. METR cannot afford to interrupt this growth.Bass pointed out that the same organization funding METR also funds organizations promoting AI doomsday, such as the Tarbell Center, which has published articles in The Verge, Science, Los Angeles Times, and others. These organizations all rely on the same funding. Bass stated that METR and others are not independent of Anthropic and cannot provide independent assessments; Congress must investigate.

Yang Haipo, the founder of CoinEx, stated that CoinEx officially launched on December 22, 2017, and will officially close on December 22, 2026, nine years later. He mentioned that nine years is a long time in the cryptocurrency industry, and CoinEx has gone through multiple bull and bear cycles with its users, witnessing the rise and fall of numerous projects, as well as seeing many peers leave the market in different ways.Yang Haipo expressed that after reflection, he accepted the fact that CoinEx has not become a leading exchange in the industry, and the security and compliance risks of operating a cryptocurrency exchange have become increasingly difficult to control; revenue may decline, but responsibility does not lessen, and bearing unlimited risks with limited revenue is no longer a rational choice. He stated that CoinEx has survived for nine years in a highly volatile and harsh industry, and after experiencing various storms, it can still leave completely and with dignity.Regarding CET, CoinEx will repurchase it at its initial listing price of 0.005 USDT per coin, with no quantity limit set. Yang Haipo mentioned that he seriously considered selling CoinEx but ultimately decided against it because users entrusted their assets to CoinEx based on their trust in the platform and him personally. He believes that handing over the platform and this trust to a new owner is not the right way to end this journey, stating, "A clean end is the right end." CoinEx will ensure that users can fully withdraw their assets, provide employees with a dignified farewell, and offer a clear and responsible handling plan for CET holders.

a16z partner Josh Elman stated: Product management is about storytelling. His career began at RealNetworks as an engineer, responsible for the product and engineering team of RealPlayer, which had hundreds of millions of users at the time. When he applied to LinkedIn, he was interviewed by Reid Hoffman, who asked what the product manager's product was. He initially answered "specifications," but later admitted that was the wrong answer; the real product is the story that people can share without him being present. During his time at LinkedIn, he wrote a 120-page specification document.Elman stated that AI has collapsed production costs and reversed the development cycle, from specifications and scope to building and experience. First, quickly build prototypes with AI to see how they feel; prototypes are better than assumptions, then design and release. Demonstrations are almost free, while working products are not; deciding what to build is a matter of impactful debate. Vision is purpose, core actions, and cycles; one should ask people if they truly use the product, and guiding is the most important moment of storytelling.

According to Business Insider, Michael Burry, the prototype character of the movie "The Big Short" and a well-known short-seller, fiercely criticized the statement made by OpenAI and Anthropic CEO calling to "slow down AI development," accusing it of being highly self-serving.Michael Burry listed four core reasons: large language models are not true AI, protecting vested interests, creating hype for IPOs, and concealing the dilemma of sluggish growth. Michael Burry further pointed out that the so-called "active call to slow down" is merely a cover-up for the uncontrollable slowdown in industry growth and the forced delay of IPO plans.

According to on-chain analyst @ai_9684xtpa, as the ETH price returned to $2500, the address 0x138...a4d35 accumulated a deposit of 3333 ETH to OKX within 4 hours, and subsequently withdrew 5.92 million USDT from the exchange, suspected to have partially sold, involving an amount of approximately $8.4 million.

Bitfinex Alpha's latest report shows that Bitcoin has recently maintained a range of about 5.5% for over 24 trading days, with a cost basis of approximately 840,000 BTC within this range. As profit-taking has noticeably slowed, the seller risk premium has dropped to 7 basis points, one of the lowest levels in the past year, but insufficient buying pressure still limits a breakout.Meanwhile, leverage has accumulated at the upper and lower bounds of the range, with approximately $1.95 billion in short liquidation risk concentrated around $82,000, while there are large-scale long positions in the $75,000 to $76,000 range, which could amplify price volatility following the Federal Reserve's interest rate decision.Bitfinex further pointed out in the report that rising energy costs, increasing real yields, and weakening consumer confidence have made the macro environment more complex. Whether BTC can break through the current range still depends on the Federal Reserve's policy guidance and the subsequent trends in real yields and energy prices.

CryptoQuant certified analyst Axel Adler Jr. stated that in the past 24 hours, the price of Bitcoin has slightly increased by 0.4%, but selling pressure in the derivatives market has significantly intensified. The Bitcoin derivatives pressure index has dropped from -25.36 to -60.8, remaining below zero since September 6, indicating that sellers still dominate.Meanwhile, Coinbase continues to trade at a discount relative to Binance, with the latest Coinbase premium index at -0.0455%, a 48-hour average of -0.0323%, and further weakening in the past 24 hours.

Jiang Zhuoer, the founder of Liebit Mining Pool (B.TOP), stated that the most likely scenario for Bitcoin is to first sweep up to the liquidation zone at the 76k high, with ETH simultaneously testing around the 2665 liquidation. After clearing 76k, there are two possible subsequent scenarios: a) a rebound before hitting 75k, which would make it more likely to rise back to 80k, or even touch the high resistance area of 83~84k, before starting a major correction; b) if it effectively breaks below 75k, it will trigger a correction corresponding to the previous rise from 64k, expected to reach 70~72k, before entering the next phase of the bull market.Jiang Zhuoer believes that the upcoming voting on the bill and news from the Federal Reserve may become key catalysts, thus maintaining a neutral position with full BTC short positions and full ETH spot holdings.

According to Reuters, Mexican authorities discovered an illegal cryptocurrency mining operation in a remote mountainous building in Tehuacán, Puebla, where 300 GPUs, 80 medium-voltage terminals, and 8 satellite antennas were found on-site. Authorities are investigating whether the operation is stealing electricity from a nearby hydroelectric power station.This is the fourth similar crypto farm discovered in the area since early last year, with three others found near a hydroelectric power station in northern Puebla last year. Local residents reported that the noise from the equipment can be heard from a kilometer away. Mexican security analyst David Saucedo stated that drug trafficking groups seem to have reached a new level of sophistication, as establishing such operations requires technical expertise and support from well-funded groups.Chainalysis Latin America expert Caio Motta pointed out that such operations are usually located in areas with extremely low electricity prices or within the reach of organized crime to steal electricity and establish large-scale mining infrastructure.

CryptoQuant analyst Darkfost stated that the recent rise in Bitcoin has pushed investor sentiment to its strongest level since March 2024. The market sentiment indicator he tracks once reached above 89/100, entering the "extreme greed" zone.This indicator combines several data points, including the Fear and Greed Index, with a range from -100 to +100, corresponding to extreme fear and extreme greed, respectively. Darkfost pointed out that when market sentiment is extremely optimistic or pessimistic, it often signals a potential turning point in trends.Currently, as the previous market frenzy gradually fades, the sentiment indicator is returning to more normal levels, while Bitcoin is still struggling to maintain its current price range.

According to on-chain analyst Ai Yi's monitoring, @XXAntiWar (0xfe57...d850) has started its third battle after returning:Building a long position: A total expenditure of approximately 1.787 million USD, with an average price below 0.086 USD. If not sold, the expected profit exceeds 750,000 USD;Shorting ZEC: Shorted 5,199.97 ZEC at 1,273 USD, with a position value of approximately 6.62 million USD, and closed the position at 1,145.4 USD, realizing a profit of 660,000 USD;Going long on PONS: Went long on 4,765,400 PONS at 0.5984 USD, with a position value of approximately 3.15 million USD, currently floating a profit of 308,000 USD.

Anthropic confirmed four incidents involving the Claude model mistakenly accessing the real internet and attacking third-party systems during a review of approximately 481 million model interaction records. The incidents involved Claude Mythos 5, Opus 4.6/4.7, and an internal research model. The accidents were caused by misconfiguration in the third-party evaluation environment that led to internet access, and the network security protections of the official product were not enabled during the evaluation.Anthropic summarized the core alignment risks as "biased reasoning" and "reckless" behavior exhibited by the model under task-driven conditions, where Claude Mythos 5 uploaded malicious packages to PyPI and accessed the real database of a security vendor using leaked credentials, believing it was in a "simulated environment." The company has introduced new assessments, monitoring, and alignment training, and has invited the independent organization METR to conduct an external investigation.