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Former senior officials of the Bank of Japan warned that U.S. Treasury Secretary Janet Yellen's "unusual" intervention in Japan's monetary affairs could undermine the credibility of the Bank of Japan and trigger greater volatility in global markets.Markets expect the Bank of Japan to raise interest rates by 25 basis points at next week's meeting. Yellen claimed to have insider information about the intentions of the Bank of Japan, and Finance Minister Shunichi Suzuki stated that her remarks were "a bit frightening."

The Danish central bank, Danmarks Nationalbank, stated that the current usage rate of stablecoins in Denmark is very low and does not pose an immediate threat to domestic financial stability. However, the rapid growth of dollar-pegged stablecoins globally may expose Denmark to indirect financial market volatility and liquidity risks. Currently, there are no stablecoins denominated in Danish kroner in circulation, and the use of stablecoins by consumers and businesses is quite limited.As commercial banks, financial institutions, and payment applications connect to stablecoin infrastructure, the scale of related usage may change. USDT and USDC dominate the global stablecoin market, and turmoil in the overseas stablecoin market could transmit to Denmark through global liquidity channels and the U.S. financial system. Danmarks Nationalbank is collaborating with the European Central Bank (ECB) to ensure that central bank money continues to serve as the primary settlement asset for interbank transactions.

Security researcher Shou Chaofan stated that he just purchased about 6TB of Fable model invocation data from a leading Chinese model relay station, which included sensitive credentials such as SSH keys, VPN configurations, Alibaba Cloud keys, and GitLab tokens. He claimed that the keys in this batch of data were sufficient for him to access the servers or internal systems of 19 leading Chinese companies, as well as 7 Chinese and CIS government-related agencies, including Huawei, Xiaomi, NIO, and MiniMax.The model relay station is positioned between users and models like Claude, so requests and responses pass through it first, allowing it to see the complete plaintext. Once developers insert SSH Keys, API Keys, VPN configurations, etc., into the Agent context, if the relay station saves or even sells these records, the company's system keys will also leak out. This is not the first time Shou Chaofan has warned about the risks of relay stations. A paper he participated in tested 428 LLM relay stations in April and found that 9 actively injected malicious code, 17 actually used AWS test keys deliberately placed by researchers to call AWS, and 1 directly transferred ETH from the test wallet.Shou Chaofan is a co-founder of the blockchain security company Fuzzland and has long been engaged in vulnerability and supply chain security research. At the end of March, he also first discovered that the source map in the Claude Code 2.1.88 release package accidentally exposed about 500,000 lines of TypeScript source code.

The yield on Japan's 10-year government bonds continued to rise, briefly touching 3%, reaching a new high in over a week.

China's largest DRAM manufacturer Changxin Storage (CXMT) has recently launched a bidding for equipment from partners for its new factory in Shanghai and is advancing capacity expansion in multiple locations. CXMT is currently mass-producing DRAM in Hefei Phase II and Beijing Phase I, with an estimated capacity of about 200,000 wafers per month, which may exceed 300,000 wafers per month by the end of the year.CXMT plans to open the new factory in Shanghai in the fourth quarter of this year, and the related equipment bidding has already started. Semiconductor equipment industry insiders say that the factory is planned to be expanded in two phases, with capacity significantly exceeding 100,000 wafers per month. Subsequently, there are plans to open a new factory in Hefei in the first half of next year and the earliest new factory in Beijing in the second half of next year, with another new factory in Hefei opening in the first half of the year after next.Equipment industry insiders say that CXMT has communicated with multiple parties regarding the timing of building factories in various locations. If all plans are realized, CXMT could add at least 70,000 to 80,000 wafers of capacity per month each year from this year until 2028, with a long-term goal of exceeding 600,000 wafers per month. Samsung Electronics and SK Hynix's DRAM capacities are estimated at about 700,000 wafers and 600,000 wafers per month, respectively.

According to BBX data, yesterday and in recent days, major global stock exchanges and cross-border payment giants disclosed the latest business developments in the tokenized stock ecosystem and stablecoin retail settlement, with the core dynamics as follows:Nasdaq Ventures plans to invest $100 million in Kraken's parent company, with stock tokens set to launch in 2027: Cryptocurrency exchange giant Kraken's parent company Payward announced an expansion of its strategic cooperation with Nasdaq. Nasdaq's strategic investment division, Nasdaq Ventures, has reached an agreement with Payward to inject $100 million into it. The two parties will jointly promote the operational system and commercial infrastructure of Nasdaq Equity Tokens (NETs), which are expected to officially hit the market in the second quarter of 2027, and deeply connect Payward's xStocks tokenized equity ecosystem through the established cooperation framework.MoneyGram launches stablecoin debit card, initially supporting USDC for Visa network spending: Global traditional cross-border remittance giant MoneyGram announced the launch of a payment card supported by stablecoins. This card allows users to make purchases directly within the global merchant network that accepts Visa, with the initial market set in Colombia, gradually expanding to other countries and regions over the following months. Users can register through the MoneyGram App and link the electronic card to their mobile wallet for online and offline spending, as well as transfer funds to themselves and redeem local fiat currency cash at global offline locations. Initially, the card will support USDC issued by Circle, with plans to further integrate MoneyGram's proprietary stablecoin MGUSD in the future.

In August, Japan's corporate goods prices rose more than expected, supporting the Bank of Japan's continued interest rate hikes to curb inflation risks. Data shows that in August, corporate input prices increased by 7.6% year-on-year, higher than the expected 7.4%.Market expectations are that the Bank of Japan will raise the benchmark interest rate by 25 basis points to 1.25% on September 18.

Market news says that next week the SpaceX AI team will start a company from scratch and will livestream the entire process.

According to informed sources, Microsoft plans to expand its global data center capacity to over 38 gigawatts by 2032, more than tripling the current capacity of about 12 gigawatts, to alleviate the computing power shortage caused by the growth of AI and cloud business.Microsoft's capital expenditures for the latest fiscal year reached $145 billion, and spending is expected to continue to grow in the coming years.

According to official news, the on-chain risk protection platform OpenCover has announced the expansion of institutional-level risk protection to the Solana network. Eligible related positions can now obtain risk protection, with the first batch covering Kamino, Raydium, Orca, and Jupiter. The specific coverage scope, limits, and terms vary by protocol and position. OpenCover primarily provides on-chain risk protection for DeFi users and connects users with underwriters such as Nexus Mutual.After this expansion, Solana ecosystem users can also purchase related protection against risks such as smart contract vulnerabilities, oracle failures or manipulations, liquidation failures, and governance attacks. According to a previous announcement from Nexus Mutual, it has currently launched four protection projects on Solana: Kamino, Raydium, Orca, and Jupiter, covering nearly 90% of the funds in the Solana lending market. Among them, Kamino and Jupiter have over $1 billion and $925 million in lending deposits, respectively.OpenCover stated that this launch marks the starting point for its further expansion of risk transfer infrastructure on Solana. In the future, it will collaborate with protocols, asset management institutions, and liquidity providers to expand the range of positions eligible for protection.

According to The Block, Citadel Securities urged the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in a letter dated September 9 to reaffirm the SEC's regulatory authority over products related to U.S. publicly traded companies and their securities.The letter responds to the CFTC's self-certification process for event contracts. Citadel believes that event contracts associated with publicly traded companies should fall under the SEC's regulatory scope to ensure a clear and consistent regulatory framework for related products.

According to The Information, SpaceX has disclosed that it will make significant adjustments to the construction methods of its AI data centers, which may slow the expansion rate of new data center campuses.According to insiders, Musk has recently assigned a group of rocket engineers to oversee the construction of data centers. Unlike his past emphasis on a "rapid action" management style, 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, but this adjustment in construction methods may extend the construction timeline for the new campuses.

Piper Sandler initiated coverage on Intel with a neutral rating and a target price of $110; gave Qualcomm a neutral rating with a target price of $190; and assigned an overweight rating to NVIDIA with a target price of $300.

According to Bloomberg, informed sources say that Nasdaq will invest $100 million in Payward, the parent company of the cryptocurrency exchange Kraken, through its venture capital department to continue building infrastructure that supports stock tokenization trading.This investment brings Payward's valuation to $21 billion and further expands the partnership announced by both parties in March of this year.

Arya.ag, an agricultural warehousing and loan company in India, is testing a system for tokenizing warehouse receipts for stored grains on the Avalanche dedicated Layer 1 blockchain. Arya.ag is collaborating with Finternet to connect grain storage, warehouse receipts, collateral commitments, and loan statuses through this network. Devika Mittal, head of Ava Labs India, stated that the testing is underway, with each tokenized warehouse receipt representing ownership of the stored goods.Sanmesh Kalyanpur, a director at Finternet Labs, mentioned that Arya.ag's samplers collect information on stored grains and input it into the company portal. Finternet will integrate farmers, commodities, warehouses, and insurance information into a "composite token" for banks to assess collateral risks. Arya.ag stores approximately $2 billion worth of agricultural products in its warehouse network and supports loans of about 120 billion Indian Rupees (approximately $1.26 billion) annually, with its loan department, Arya Dhan, disbursing around $230 million in loans each year.The concept of Finternet originated from a 2024 paper by the Bank for International Settlements (BIS), co-authored by Infosys co-founder Nandan Nilekani and then-BIS General Manager Agustín Carstens, proposing the establishment of an interconnected unified ledger for tokenized assets. In 2024, the Indian government launched a 10 billion Rupee credit guarantee scheme to encourage financing against electronic transferable warehouse receipts. The two companies have not disclosed the expected launch date or initial deployment scale.

According to Bloomberg, Jon Cunliffe, the former Deputy Governor for Financial Stability of the Bank of England, has joined the blockchain payment company Fnality and will serve as the Chairman of its UK entity. Jochen Metzger, the former Director General for Payment and Settlement Systems of the German central bank, has been appointed as a member of the Supervisory Board of Fnality Europe and is expected to serve as its Chairman; Ron Berndsen, the former Head of Supervision and Head of Market Infrastructure Policy at the Dutch central bank, will also join the Supervisory Board.Fnality operates a wholesale payment system that allows banks to settle debts using central bank currency balances. Its pound sterling system, regulated by the Bank of England, went live in 2023 and is currently seeking regulatory approval to launch versions in US dollars and euros. Fnality states that the system is designed to support the tokenized trading of traditional assets such as stocks and bonds, enabling the synchronized flow of securities and payment funds across interconnected digital networks, thereby shortening settlement times and supporting round-the-clock trading. Fnality was established in 2019, with investors including major financial institutions such as Goldman Sachs, UBS Group, Santander Bank, Bank of America, and Citigroup.

The founder and CEO of the Hong Kong-listed company Mech-Mind, Shao Tianlan, posted on social media, questioning some embodied intelligence companies that create false and unsustainable revenue through data collection centers and related transactions with local governments, investors, and suppliers to promote their listings. Mech-Mind mainly provides products such as robotic 3D vision and AI software, applied in industrial manufacturing, logistics, and other scenarios. He referred to these companies as "gathering-type" embodied intelligence companies, mentioning that they include some well-known and highly valued companies from Beijing and Shanghai that have appeared on the Spring Festival Gala, and criticized this practice as illegal, unethical, and unwise.Shao Tianlan stated that generating revenue in this way could harm investors and place an increasingly heavy growth burden on the companies. After achieving such revenue this year, they would need to continue to do so next year and do even more, potentially falling into a vortex of continuous fraud and bleeding. He specifically named Galaxy Universal in the comments section and inquired whether there was support from Beijing city leaders for the company's listing.