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#Muse accelerates expansion, MetaAI investment may usher in monetization
The explosive growth of Muse has given Meta's AI investment its first consumer-level outlet, but the $145 billion capital expenditure is the real bill.
Muse launched on September 8, with 1.8 million iOS downloads in North America within 12 days, surpassing ChatGPT's 1.3 million in the same period. Total downloads across all platforms are about 2.8 million. On September 21, Meta's stock rose 11.4% in one day, with a cumulative increase of nearly 30% in September, approaching historical highs.
The monetization path is shifting from subscriptions to commissions. Zuckerberg made it clear at Connect that in the future, a transaction fee will be charged for deals completed through Muse. The Connector platform has received over 2,000 integration applications, with Walmart, Best Buy, and Sephora already integrated. Currently, there are two subscription tiers at $20 and $100, and JPMorgan has raised its target price from $820 to $920.
But free cash flow is a hard constraint. The 2026 capital expenditure guidance is $130-145 billion, a year-on-year increase of about 101%. Q3 free cash flow was only $784 million, compared to $8.5 billion in the same period last year. JPMorgan expects free cash flow to remain negative from 2026 to 2028.
Muse has proven Meta's C-end distribution capability, but the commission model may only scale in 2027. Watch whether Q4 capital expenditure continues to rise and whether free cash flow can stop declining. Only if both stabilize can valuation re-rating be considered realized.Brothers, the recent $ZEC trend is really wearing me down 😂
For half a month, it’s basically been oscillating between 1500, 1600, and 1700, not dropping deeply, nor rising.
Right now ZEC is about 1532.70, down 0.78% in 24 hours, with the order book showing 52% buy and 48% sell, basically balanced between bulls and bears.
It fell from 1601 to 1532, a drop of nearly 70 points, but there’s still support around 1500, and 1450 hasn’t been effectively broken down.
Why is it so resistant to falling?
On one hand, ETF funds might reduce the actual circulating supply; on the other hand, if shorts are too crowded and funding rates remain negative, a rebound could trigger short covering.
As for whether 1400–1500 is a “cost zone,” no one can be sure, only that this area has seen multiple supports before.
So for $ZEC’s current market, the key isn’t guessing the bottom but finding the right position.
You can trade short-term, but don’t chase shorts just because it’s dropping, don’t chase longs just because it’s rebounding, and don’t stubbornly hold short-term trades as long-term positions.
My own short at 868.79 is still open, with margin 56.19U, liquidation price 2689, stop loss above 1700, target first at 1450, and if it breaks, then 1400.
But honestly, I don’t know if it will keep falling.
If you can’t hold, don’t force it; if you can, weigh it yourself.
I can only take it step by step now and respond according to how the market moves.
Everyone control your position size well, don’t let one trade affect your mindset.
This is just my personal market sharing, not investment advice.Slamming the safety helmet on the table — here comes another client holding a stack of renderings asking me to sign off, with the drawings brightly lit but not a single page of the foundation drilling report issued.
This is exactly the message I see #NewHereStartHere trying to convey, and also what I've wanted to tell every newcomer in the crypto space over the past few years: don't rush to look at the renderings, first check the structure.
There is a golden rule in my field: how tall a building can be built does not depend on how much glass is used on the facade, but on how deep the piles are driven into the bearing layer underground. What is a whitepaper? It's a proposal document, the architect's words. What really determines life or death are the reinforcement ratio, concrete grade, and seismic rating. On the blockchain, this translates to whether the code is open source, whether the contract can be upgraded, and whether the development team continues to produce construction drawings or just runs off after finishing the concept art.
The most common mistake newcomers make is treating the promotional "total height 888 meters" as the delivery standard. But I've seen too many unfinished buildings on construction sites — the facade looks shiny on topping out day, but the next year there are leaks, fire pipes running chaotically, and load-bearing walls arbitrarily pierced by owners. The token economic model is the load-bearing wall that no one can dismantle; liquidity is the basement drainage, invisible in normal times but revealing who neglected waterproofing when the rainy season comes.
As for the market linkage with the related US stock, my judgment is straightforward: two buildings with different structural systems forcibly connected by a corridor in the middle may look impressive but are extremely awkward in load-bearing. The load curve of crypto assets and the seismic design of traditional stocks are fundamentally different standards; linkage is an emotional decorative element, not a structural component. If the decoration falls off, the building remains; if the structure fails, it collapses entirely.
So I fully support newcomers asking questions. A qualified construction site always has supervisors and chief engineers willing to stop and answer "why is this beam reinforced this way?" Asking questions is not shameful; failing to review before pouring concrete is. The crash stories shared by veteran traders are like accident investigation reports, more valuable than any rendering — because structural engineering is a discipline learned through accident summaries.
But I must give a structural-level warning to all prospective owners: do not apply others' experience data to your own geological conditions. Just because someone successfully drove piles in rock layers doesn't mean you can copy that on soft soil. Your position management is your geological survey report; your take-profit and stop-loss are your settlement monitoring points. Without these two, the building will settle unevenly halfway through construction.
Finally, an old industry saying: all cracks start from the foundation. Drawings can be changed, but the structure cannot be altered.#BTC现货ETF连续6日吸金超28亿美元 Bitcoin is currently consolidating weakly near $84,000, at a delicate balance point of intense tug-of-war between bullish and bearish factors.
Core battle: Macro interest rates vs institutional buying
· Macro level: The 10-year US Treasury yield once broke through 5.2%, directly pressuring risk assets. Meanwhile, Bitget exchange suffered a hacker attack (loss of about $350 million), intensifying short-term market panic.
· Institutional level: Spot Bitcoin ETFs have seen net inflows for 6 consecutive days, accumulating over $2.8 billion in capital inflow. On-chain data shows exchange BTC reserves have dropped to multi-year lows, with whales and retail investors simultaneously increasing holdings, and chips continuously concentrating among long-term holders.
Intraday strategy reference
· Upper resistance: Focus on the 84,680-84,948 range. If weekend liquidity is insufficient causing a "slow rise to squeeze shorts" without a volume breakout, beware of the risk of a pullback after a spike.
· Lower support: Watch the 83,000 level. If broken, it may test the previous low near 82,800.
· Capital flow: Institutional buying (ETFs and listed companies) is digesting macro negatives, chip supply structure is tightening, limiting deep downside space, but currently lacks clear upward breakout momentum Bitget suffered a hack loss of 387.5 million USD, the cold wallet remains untouched, the platform promises protection fund coverage, and withdrawals are suspended. The Federal Reserve simultaneously released a regulatory proposal for stablecoin issuers, with capital and reserve requirements corresponding to the GENIUS Act. Bitcoin remains steady near 87,000, with institutional ETF buying still providing support. In this environment, altcoins can only rely on structural plays; don't chase trend dreams.
Looking at the market, PHA shows a bullish alignment on the one-hour chart, with EMA support effective, but spot volume is shrinking and momentum is lagging. The liquidation map shows dense short orders hanging above 0.08, while the strength of long liquidations below is also extending, indicating that this area is prone to an initial upward spike to hunt shorts before falling back. I just parked my car by the roadside and took a bite of bread; the order reminder phone is still buzzing. At the current price of 0.0798, just waiting for a pullback to 0.076 to 0.0755 to lightly buy long, stop loss at 0.0738, first take profit at 0.082, second take profit at 0.0833. If it directly breaks above 0.0835, do not chase; wait for a pullback confirmation.
$PROS
#美债长端利率持续攀升，融资压力升温
@OKX星球 🔥Sometimes an account truly collapses not because of one big loss, but because you clearly made a mistake and keep making excuses for yourself.
I have a live example this month: starting with 100U, the maximum unrealized profit reached +80%, and it seemed close to the goal. But within a week, almost all the profits from previous months were wiped out, and the account even turned red. The root cause was one thing: stubbornly shorting against the trend. When BTC was consolidating around 84k–85k and ETH and ZEC were rotating strongly, he kept shorting ZEC, ETH, and altcoins, increasing positions from one or two to more than a dozen short orders. Every rebound he fooled himself with "it will drop soon," and every time the drop didn’t come, he said it was "just a correction." In the end, he wasn’t trading, he was arguing with the market.
What’s even more fatal is that occasional profits from long positions were used to cover losses from shorts, turning it into robbing Peter to pay Paul. The ZEC position actually gave a signal early on; admitting the mistake could have stopped the losses, but the hardest thing for people is never losing money, it’s admitting they were wrong.
Now the 100→100,000 challenge continues, but the order has changed: first protect the principal, then restore discipline, and only then think about profits. With BTC spot ETFs continuously attracting funds and the market showing resilience, don’t use high-leverage shorts to prove your view in a bull market. Survive first, then there’s a next round. $BTC $ETH $ZEC Another key figure has appeared for the US spot BTC ETF:
On September 25, the net inflow was about $134.5 million, marking the 7th consecutive trading day of inflows; the 7-day cumulative inflow has nearly reached $3 billion.
The ETH ETF also had a net inflow of about $87 million on the same day.
According to the most common market narrative, this level of capital strength should correspond to a sustained breakout.
However, after BTC surged to about $87,300 this week, it has returned to the $84,000 range.
This creates the most important current factual conflict:
ETF demand has been confirmed, but the price breakout has not.
Continuous capital inflows indicate that institutional demand truly exists; yet, such a large buying volume still cannot hold $87,000, which means supply above cannot be ignored either.
The next step depends on two variables: whether ETF net inflows continue, and whether BTC can firmly reclaim $87,000.
If both conditions are met simultaneously, capital and price will be truly confirmed; if inflows continue but resistance persists, the supply pressure above needs to be re-evaluated. Brothers, the latest issue of Hyperliquid whale real-time monitoring data is out, and this market is simply surging with hidden currents! The surface looks calm, but the main long and short forces have already clashed fiercely. Here's the key points for everyone👇 📊【Long and Short Position Structure: Shorts slightly dominant but at a heavy cost】 · Total positions: $570 million. Among them, short positions are $310 million, long positions $260 million. Shorts currently suppress longs in position size. · Margin distribution: Short position margin reaches as high as $71.43 million, far exceeding the long position margin of $43.37 million. This shows that whale shorts not only hold heavy positions but are also aggressively adding real money. 💸【Profit and Loss Reversal: Longs are profiting, shorts bleeding heavily】 This is the most explosive data! · Although shorts hold heavy positions, their P&L suffers a huge loss of -$70.4169 million! · In contrast, longs, though smaller in position, are steadily earning +$53.7004 million! · Total P&L overall is -$16.7165 million. 🕵️♂️Analysis: This indicates that the recent market trend is most likely a steady upward oscillation, causing heavily positioned shorts to be deeply trapped. Longs are "lying down to win," while shorts are holding on hard (or there might be a giant whale caught topping against the trend). 💰【Funding Rate: Consolation prize for shorts】 · Longs currently pay $1.65 million in funding fees, shorts receive $2.38 million in funding fees. · Longs are still "paying wages" to shorts, indicating the market's bullish sentiment remains strong, with perpetual prices above spot. But this few million in funding fees, against shorts' $71 million floating... As of September 26, 2026, my outlook for SK Hynix over the next 6–12 months is very clear: bullish. This is not because the "AI concept is popular," but because SK Hynix's revenue, profit margins, product progress, cash position, and shareholder returns are all improving simultaneously. The stock price may experience a significant short-term pullback, but there is currently insufficient evidence to suggest that the company's profit cycle has peaked. 1. What exactly does SK Hynix make money from? SK Hynix is a memory semiconductor company primarily selling DRAM, HBM, NAND, and enterprise-grade SSDs. DRAM is a type of memory chip that temporarily stores data, mainly used in computers, smartphones, and servers. HBM is a type of DRAM. It stacks multiple layers of DRAM chips to quickly deliver large amounts of data to GPUs and AI accelerators. NAND is a type of memory chip that retains data even when powered off, mainly used in smartphones, SSDs, and other storage devices. Enterprise-grade SSDs consist of NAND chips, controllers, and other components, primarily serving servers and data centers. The company's way of making money can be understood with a simple formula: Revenue ≈ Sales volume × Average selling price. Profit = Revenue – Manufacturing costs – Depreciation – R&D expenses and other expenditures. Therefore, analyzing SK Hynix's performance mainly involves three questions: how many chips were sold, at what price, and whether the sales were ordinary memory chips or high-value products like HBM. Currently, all three directions are favorable for the company. 2. 2025: Profit growth far outpaces revenue 202BTC and ETH price changes are both under 1%, while some perpetual contracts have surged over 20%
Looking at the near 24-hour price changes of OKX USDT perpetual contracts at the same time point, several coins have shown different rhythms: BTC about -0.55%, ETH about +0.20%; SEI about +22.88%, AERO about +20.55%, SUI about +15.02%.
This comparison illustrates the divergence in sample performance but does not prove that funds are flowing from BTC and ETH to altcoins, nor does it represent the entire market rising. Looking only at price snapshots cannot answer whether there have been changes in trading volume and open interest behind the gains, nor can it explain the reasons for the rise.
To determine whether the strength is spreading, we need to see if more contracts can synchronize, and whether trading and open interest data keep up. Focusing only on the top gainers can easily lead to mistaking the abnormal movements of a few tokens for the trend of the entire sector. Strategy wants to change preferred shares to "daily settlement"
STRF, STRC, STRK, STRD: Dividends are recorded every calendar day, including weekends and holidays, and paid on the next business day. The dividend rate remains unchanged, and the company hasn't said it will pay more overall—the change is in the payment frequency. Shareholder vote on October 28.
In plain language: Make preferred shares easier to sell, smooth the financing channel, and continue accumulating coins. It's not about giving out more bonuses.
The positive side is the buying story can still be told; the downside is that daily settlement is extremely demanding on cash flow. Once the coin plunges deeply, leveraged players wobble and everyone follows.
Before the proposal passes, don't rush in thinking it's good news. Wait for the voting results, then see if it can still continue to be a cash machine. #Strategy提议为优先股发放每日股息 $ZEC has completely stalled this weekend
1400, 1500, it has been sideways for about a week
The short position at 1400 has also been held for about one to two weeks, basically unchanged
My thought is to trade less and make fewer mistakes, with no big fluctuations, so I hold a long short position
During this period, quite a few people have told me to reverse and go long
Telling me to follow the trend
But I wonder, at the 1500 to 1600 level, wouldn't reversing really risk getting trapped?
Going long at this level is like trying to catch the one right moment and missing nine out of ten
I think the market always tops out during the frenzy, and the top should appear around this time, so I'll wait patiently, after all, ZEC is a strong player.BTC and ETH price changes are both under 1%, while some perpetual contracts have surged over 20%
Looking at the near 24-hour price changes of OKX USDT perpetual contracts at the same time point, several coins have shown different rhythms: BTC about -0.55%, ETH about +0.20%; SEI about +22.88%, AERO about +20.55%, SUI about +15.02%.
This comparison illustrates the divergence in sample performance but does not prove that funds are flowing from BTC and ETH to altcoins, nor does it represent the entire market rising. Looking only at price snapshots cannot answer whether there have been changes in trading volume and open interest behind the gains, nor can it explain the reasons for the rise.
To determine whether the strength is spreading, we need to see if more contracts can synchronize, and whether trading and open interest data keep up. Focusing only on the top gainers can easily lead to mistaking the abnormal movements of a few tokens for the trend of the entire sector. My $XPL short says it all: 50x leverage, a quick 28-minute trade, and +78% ROI for a $3.1 profit. Took the money and walked away. No greed, no overthinking. After getting stuck in a $BTC long for two months, my mindset has completely changed. I’d rather protect my capital than chase life-changing profits on every trade. 💡 My new rules: * Small positions, controlled risk. * Take profits quickly. * Keep most capital on the sidelines. * Never fall in love with a trade. The goal isn’t to win big ev$BTC is consolidating, and capital is selecting high-volatility assets.
According to OKX market data, $BTC is currently at $84,161, down 0.36% in 24 hours; $SOL is at $120.68, up 2.12%; $UNI is at $9.717, up 4.43%.
After BTC retreated from the high of $87,399 on September 21, it has mainly traded between $83,000 and $85,000 over the past three days. ETF buying continues to provide support; on September 24, the US spot BTC ETF saw a net inflow of about $191 million, but the price did not accelerate accordingly, suggesting short-term buying and high interest rate pressure are offsetting each other.
As a result, capital is spreading to assets with clearer catalysts.
On September 25, SOL received about $86.67 million in spot ETF net inflows, with the price briefly reaching $122.97, showing synchronized strength between ETF funds and spot market.
UNI is supported by CME’s plan to launch standard and micro futures on October 19, along with ongoing protocol fee burns, but exchange balances have risen to about 113.9 million tokens, indicating an increase in sellable chips at high levels.
If BTC continues to stay within the range, rotation can persist; if it falls below $83,000, leveraged positions chasing SOL and UNI at high levels will face liquidation pressure first.Don't underestimate the few hundred-dollar fluctuations of $BTC.
The current price is still around $84,000, with an intraday high reaching $85,200, but after the surge, it did not continue with volume to break through.
This indicates that short-term resistance above still exists.
Next, I will treat $85,000 as the level the bulls need to reclaim, and $83,000 as the key support level below to watch.
A breakout above means continuation; a drop below means structural change.
No early bets, just follow the price.If BTC really rises to $300,000, why am I still hesitating over a few thousand dollars of pullback now?
Today I saw Fidelity's Jurrien Timmer talk about Bitcoin's power-law model, and I went back to review my own trading plan.
He proposed a pretty bold long-term scenario: after BTC holds $60,000, it might be entering a new cyclical bull market, with the model pointing to $300,000 by 2029. Of course, a model is just a model; no one can guarantee how the macro environment will change in the next three years.
But there's one thing I've been thinking about.
Many people are optimistic about BTC breaking through $100,000, $150,000, or even higher in the future, but in actual trading, they keep fussing over daily fluctuations of a few hundred dollars. They fear missing out when it rises a bit, and doubt everything when it falls a bit, so when the real rally comes, they end up holding very little.
I'm planning to completely separate long-term and short-term positions.
Referring to the previous market around 84,000, for the short term, I'll first see if 83,000 can hold, then a renewed break above 85,000, followed by watching 86,000 and 87,200. If it falls below 83,000, I'll reduce leverage and wait for the next confirmation.
For the long-term position, I'll allocate in batches according to my capital plan to avoid frequent in-and-out trading.
I won't treat the $300,000 target as a certainty, but if BTC really reaches there in the future, the few thousand dollars of fluctuations I'm worrying about now might just be a small segment on the chart in hindsight.
I can miss a big bullish candle, but I don't want to lose all the BTC I originally planned to hold long-term because of daily fussing.Brent crude first dropped over 4%, then bounced back after rejecting the plan
Iran proposed reopening the Strait of Hormuz for 7 days, and the market truly eased a bit; Trump reportedly rejected it and hinted at taking action after the midterm elections, causing oil prices to immediately buy back the sentiment.
News followers are caught in the middle. They talk about peace, but fewer ships pass through the strait—some have noted the daily average dropping to single digits, which is the real hard indicator.
The chain is straightforward: oil goes up → inflation sticks → long-term yields are suppressed → currencies struggle to soar. Don’t treat every hint as a one-sided signal.
Watch the ships, not the words #特朗普据悉拒绝7天方案，霍尔木兹重开再生变 In this wave of SOL rebound, the first to run was actually a whale who held for a month.
He built a position at $104.79 on August 30-31, and today at $120.39 he completely liquidated 282,700 coins, closing the position at $34.03 million, making a profit of $4.4082 million. The position's price increase was only 15%. A position worth nearly 30 million USDT was held for just this small segment, unwilling to pay even a slight premium near $120.
This indicates he doesn't have much expectation for upside space, and also suggests this area might be a cash-out point for large capital. If he was betting SOL could reach $130, he wouldn't have cleared out here. Now SOL spot is still around $120, and this liquidation sets a reference line for the rebound.
Unless SOL breaks above 125 with volume and holds, this area is probably the top range large capital is willing to give in this round.An interesting thing is happening: many MEME coin project teams have started sending transaction fees directly to some top influencers' X Money accounts.
The process is like this—X Money opened peer-to-peer transfers this year but does not support cryptocurrencies itself; third-party tools (like UsePaid) act as a bridge, converting on-chain transaction fees into fiat currency and then transferring it into these people's X accounts.
Essentially, this moves "paid promotion" from covert off-the-books transfers to an open platform, turning it into passive income—the influencers don’t have to do anything, the money just comes in.
The possible motivation is:
To establish a financial connection first, so people will help you shout out your orders.BTC is only at 84,000 now, but some on Wall Street have already set a target of $300,000!
Jurrien Timmer, Global Macro Director at Fidelity, recently talked again about Bitcoin's power-law model. He believes that BTC previously held the long-term support around $60,000, and a new four-year cycle bull market may have already started. Market reports also mention that the BTC to gold relative strength index he observes has turned positive.
As for the long-term target of $300,000 by 2029, I think it can be considered as a model scenario, but it shouldn't be taken as a guaranteed price.
Right now, I am more concerned about the current pullback. BTC previously surged to 87,200, then dropped back near 83,000, and recently has been fluctuating around 84,000. If the medium- to long-term uptrend structure remains, this kind of correction deserves serious attention.
In the short term, I will continue to watch 83,000–83,500; if it holds and then retakes 85,000, I will consider increasing long positions, first targeting 86,000, then challenging 87,200. If 83,000 breaks, I will wait to reassess near 82,000.
In the long term, I am willing to hold on, but in the short term, I will never blindly chase a rally just because someone is shouting $300,000.
The $300,000 target can be left for verification in 2029; for now, let's see if BTC can retake 85,000 first.$BTC macro is the top, ETF is the bottom, and the middle segment is priced based on position size.
If Bitcoin doesn't break the level, don't chase $ETH highs, and ZEC won't spike.
83,000 is Bitcoin's lifeline, 2,660 is Ethereum's bottom line, $ZEC has no bottom line, only Grayscale inflows and your stop loss.
The day the yield falls back from 5.22% is the real start of this recovery.
That 1 billion from Grayscale mostly comes from the coin price rising, not from money buying it.
#DailyOrbit BTC observation post, the direction is initially bearish, but wait for the direction to emerge before deciding. Current price 84,150, yesterday afternoon surged to 85,255 but failed to hold, two 4-hour candlesticks were pushed back — indicating that above 85,000 there is real money selling, not just a shakeout; last night the low hit 83,183, a wick (a long lower shadow where price was quickly pushed down then pulled back) then quickly recovered, this level has become short-term support. Today it has been grinding in a narrow range between 83,800-84,300, with the smallest volatility this week. Current position: holding a light short position, stop loss set at 84,650 (upper edge of the range + half the retracement from previous high), will only consider adding if volume breaks below 83,180. The lesson is simple: the narrower the range, the closer the breakout; chasing orders in the middle is most likely to get hit from both sides, wait for breakout direction confirmation before acting. #OKX星球 #BTC The 30-year US Treasury yield has touched 5.5%, while mortgage rates remain above 7%
Even risk-free assets can yield over 5%, so will institutions still pay an extra premium for volatility? This calculation will have to be redone sooner or later. Japanese long-term bonds are also hitting multi-decade highs; it's not just the US causing a stir.
Crypto is a bit twisted here: with long-term yields so high, Bitcoin can still oscillate between 80,000 and 87,000, supported by ETFs, not by easing interest rates. The crazier the rates get, the heavier the resistance above.
Don't rush to bet on a top. Knowing when the long end will turn is more useful than guessing the next candlestick.
When money is expensive, first make sure your position can sleep peacefully before anything else #美债长端利率持续攀升，融资压力升温 $BTC 📉 Why is it easiest to lose control after a loss?
Because losses bring a very strong psychological pressure:
"I can't accept this result."
So many people don't choose to exit but start looking for the next opportunity.
Lost 100U from 500U:
"Make another trade."
Lost another 100U:
"The market will reverse soon."
Keep losing:
"This time I must go all in."
In the end, what could have been a controllable small loss is amplified step by step by emotions.
Therefore, a truly mature trading logic should be:
Decide the maximum loss you are willing to bear before opening a position.
Not decide after a loss.$DOGE Dogecoin currently, and for approximately the next hundred years, operates similarly to most other crypto assets and will continue to do so. The supply of "limited" assets is far from exhausted, and for the foreseeable future, they will continue to grow like Dogecoin.
Dogecoin's supply is not infinite because, like other cryptocurrencies, there is an absolute cap on issuance per block, per day, and per year. The only difference is that Dogecoin's issuance has no end date. Therefore, Dogecoin is only "infinite" over an "infinite time". Within a finite time, its issuance is actually limited.
Dogecoin is issued annually to pay miners' wages and secure the network. Other blockchains, such as Bitcoin, theoretically will completely stop annual issuance by 2140, at which point they will need to find ways to secure the network (if the network still exists then), or their consensus mechanism will need to be fundamentally changed. In short, limiting Dogecoin's issuance would make the network insecure and vulnerable to attacks. $DOGE The developer of the privacy blockchain network Canton Network, Digital Asset, has just completed a $135 million financing round. The lead investors are DRW Venture Capital and Tradeweb Markets. But the real highlight is the list of participants: BNP Paribas, Circle Ventures (issuer of USDC), Citadel Securities, DTCC (the US Depository Trust & Clearing Corporation), Virtu Financial, Paxos. What does this list mean? BNP Paribas — one of the largest banks in Europe. Citadel Securities — the world's largest market maker. DTCC — the core infrastructure for clearing and settlement of US stocks, processing trillions of dollars in transactions daily. Paxos — a stablecoin company regulated by the New York Department of Financial Services. This is not Silicon Valley VCs betting on a sector; it is Wall Street's clearing giants, market makers, and banks voting with real money. What are they investing in? Canton Network is an institutional-grade blockchain network specializing in the settlement and clearing of tokenized assets. Simply put, traditional financial securities, bonds, and funds may be traded and cleared on this chain in the future. DTCC investing in it is equivalent to betting on its next-generation infrastructure. Why invest now? It is directly related to regulatory direction. On August 18, the SEC proposed Regulation Crypto As Did everyone see today's news? Ethena's move is quite interesting!
First, the official announcement said that starting at the end of this month, all token incentives and inflation related to USDe will be completely stopped. Actually, since the first airdrop in 2024, the rewards have already shrunk by 85%. This time officially marks the end of the high-interest subsidies, completely cutting off the support.
Logically, when a project stops subsidies, the token price should drop, right? But $ENA went against the trend today, leading the altcoins and even touched $0.28. Why? Because they quickly partnered with Binance. On September 25th, they just announced that they will shift the USDe basis strategy from crypto perpetuals directly to perpetuals on tokenized US stock bStocks.
In other words, they are going to do arbitrage in the US stock market.
But is this really something to celebrate blindly? I think there are two sides. The good side is that the project finally stops relying on crazy money printing to artificially expand scale and starts seeking real external returns; the bad side is, after stopping the high incentives, can USDe's market cap remain stable? How big is the capital capacity for the US stock basis arbitrage? These are all unknowns.SUI leads NEAR following suit; altcoin season differentiation intensifies daily analysis 30D profit leaderboard TOP focus Today's market shows a typical structured trend: Bitcoin consolidates in a narrow range, while small and mid-cap altcoins experience sharp divergence. Strong coins represented by $SUI and $NEAR surge with volume, while a batch of low-liquidity tokens (NFP, BETA, VIB) suffer halving-style declines. The number of rising tokens in the entire market (436) significantly exceeds the number of falling tokens (262), but the total trading volume is only 9.344 billion USDT, indicating funds are concentrated in localized hot sectors rather than broad-based rallies. [$SUI] Today's performance: price 1.15 USDT, 24h surge of 14.04%, range 1.01 ~ 1.22, trading volume 188 million USDT, the largest gain and top volume among mainstream altcoins today. Personal view: bullish. Three reasons: first, the 24h increase of 14.04% far exceeds ETH (+0.53%) and SOL (+3.51%), indicating independent capital driving; second, the 188 million USDT volume is a volume surge among small and mid-caps, with a 20% intraday amplitude and sufficient turnover; third, the price has stood near the intraday high, with bullish momentum continuing. Key levels and invalidation conditions: watch 1.22 (today's high) above; a volume breakout would open upward space; support at 1.01 (today's low) below; a break would indicate intraday rebound failure, leaning $DATA The recent days' trend of data has been too regular
Every day at 8 AM sharp, the price starts to rise, after gaining three to five points, it stops
How long can this pattern continue?
I don't know, anyway, I'm not the one trading it
I bought at a high point before, but I've already exited
Looking at this stock, the sustainability isn't very goodEveryone sees $LINK +11%.
I’d watch the positioning instead.
Price: +11.2%.
OI: +25%.
Volume: ~$1B.
Funding: still near baseline.
That’s unusual.
Traders are adding exposure aggressively, but funding hasn’t reached extreme levels yet.
If price keeps rising without funding exploding, the structure looks very different from a typical crowded long trade.Look at the pace of OKX X-Perp expansion.
SEI. AGLD. CFX.
Then KMNO.
Then FLOCK, MINA, CASHCAT.
Then MET, AR and CORE.
That’s a lot of new markets in just a few days.
The bigger story isn’t any one token.
It’s how quickly the list of assets available for perpetual trading is expanding.30 billion reciprocal tax cuts sound like a big gift package.
My first reaction wasn’t excitement, but recalling those "major positive news" I followed before—once the news broke, the group was noisy with drums and gongs, but the market didn’t move a bit the next day.
The saying "a win-win situation" is true, but whether the market believes it is another matter. The Trade and Investment Council, the Agricultural Working Group—these names are familiar to me; I’ve seen similar ones in previous rounds of talks. It’s good if they reach an agreement, but the phrase "stabilize confidence" is often said to those who haven’t boarded the train yet.
The real issue is never what was signed, but who breaks the deal first afterward.
How long can this last this time?
#美债长端利率持续攀升，融资压力升温
#特朗普据悉拒绝7天方案，霍尔木兹重开再生变 #高利率下，黄金还能走多远？ $ETH ETF has been bought for six consecutive days, bringing in about 2.8 billion. BTC is still hovering around 84,000.
On September 21, a single day saw about 999 million poured in, a new high this year, with BlackRock IBIT carrying the bulk. But in the following three days, the inflow rate dropped from about 700 million to about 190 million, shrinking by 80%.
The money is really coming in, but the intensity is cooling down. The price has fallen back from 87,000; spot is still absorbing, and shorts on the contract side are hedging heavily, so don’t directly translate "continuous inflow" as a surge to 90,000 tomorrow.
I’m more concerned whether the inflow can stop declining. If the inflow rate stabilizes, 84,000 will have a bottom; if it drops further, the support will be thin.
Institutions are arbitraging, retail investors shouldn’t let emotions get involved first. Wipe #BTC现货ETF连续6日吸金超28亿美元 The $18B options event is over.
Now comes the part most traders ignore.
Before expiry, BTC options were heavily concentrated around $90K and $100K calls, while BTC put/call OI stood at 0.66.
Those positions are gone or rolled.
The next few sessions will show where traders rebuild exposure.
The reset may matter more than the expiry itself.This round of Dogecoin charging toward $0.10 is without Elon Musk.
This week, DOGE started around $0.087, with a maximum weekly increase of about 25%, reaching $0.105 intraday, the first time since last June. No pump calls, no announcements; what pushed it up was incremental capital: spot ETFs are buying, social platforms have opened trading channels, and on-chain data shows whales buying about 240 million coins during the pullback, with holdings approaching 19 billion coins.
The hype has cooled off a bit, and the price is tugging between $0.097 and $0.098, with a 24-hour trading volume of about $1.5 billion. The focus has shifted: $0.10 has changed from a target to a position to reclaim. The resistance at $0.102 is a hurdle; holding above it and breaking through would confirm the move, with the next target at $0.106; on the downside, whether $0.098 holds will determine how much momentum remains in this rally, with the bulls' bottom line at $0.087.
Futures open interest exceeds $1.6 billion, and leveraged funds are still at the table. $0.10 is a psychological barrier and a touchstone. Without Elon Musk's voice, $DOGE has to rely on holdings and trading volume to speak for itself.ETF has attracted 2.8 billion in funds over 6 consecutive days, but inflows are slowing down, and $BTC is unlikely to break 87,000 in the short term
Key conclusions: ETF net inflows exceeded 2.8 billion USD over 6 consecutive days, with institutions continuously buying. However, the inflow scale has dropped from a peak of 999 million to 191 million, declining for three consecutive days. Buying pressure is weakening, and BTC is unlikely to surpass the previous high of 87,000 in the short term.
Analysis: 1. Capital: ETF net inflows over 6 days total 2.8 billion, but the peak was 999 million on September 21, followed by daily declines. On September 24, it was only 191 million. Institutional buying is slowing down, not accelerating.
2. Macro: The probability of a rate hike in October exceeds 70%, the 30-year US Treasury yield has broken 5.5%, and inflation expectations have risen to 4.6%. The high interest rate environment suppresses risk assets.
3. Price: BTC has fallen from 87,000 to 84,000. Although ETFs are still seeing inflows, prices are not rising, indicating selling pressure is absorbing buying pressure.
4. Judgment: With inflows slowing and rate hike expectations rising, BTC is expected to fluctuate between 83,000 and 85,000 in the short term. To break through 87,000, ETF daily inflows need to return to above 500 million. #BTC现货ETF连续6日吸金超28亿美元 $SHIB
$0.0000059 is a bounce, not a new cycle.
Week: 515 → 627 → 554 → 589.
Above the daily MAs. Stuck under $0.00000602.
That’s the gate.
Clear it and $0.00000627 is next.
Lose $0.00000582 and you’re back in the flush.
No catalyst. No burn that matters. Just alt rotation while BTC sits in $83k–$85k.
SHIB is leverage on BTC’s range.
Not a zero-deletion trade.#高盛预估2027年AI相关资本开支约1.2万亿美元 Bros, this Goldman Sachs forecast has taken the craziness of AI spending to a whole new level.
The capital expenditure of the five major tech giants in 2027 could reach about $1.2 trillion, which is 50% more than the $800 billion in 2026. Meta, Microsoft, Google, Amazon, and Oracle are all pouring money aggressively into AI infrastructure. Data centers, computing power, electricity—none of these can be spared. This level of investment provides solid short-term support for demand in chips, storage, and cloud infrastructure.
But bros, we need to think one step ahead. Can this $1.2 trillion investment turn into real revenue? This is the biggest concern in the market right now. Meta is recently exploring consumer-level commercialization through Muse and AI hardware, and other giants are racing to push Agent applications to market. However, whether revenue growth on the application side can keep pace with the spending on infrastructure is still unknown.
For us in the crypto circle, this logic chain is straightforward. With AI infrastructure booming, demand for storage and computing power won’t drop, so those related assets have long-term support. But don’t forget, money is limited. The giants spending so much will draw a large amount of liquidity from the global market. This is also one of the reasons why Bitcoin pulled back after hitting 87,000 and why macro liquidity remains tight. $BTC $ETH $ZEC Yesterday’s liquidation data tells a different story.
$244.8M in crypto positions were liquidated.
$121.1M were longs.
$123.7M were shorts.
Almost perfectly balanced.
But the interesting number is 66,709 individual liquidation events.
The market isn’t being cleared by one big move.
Leverage is being reset across thousands of positions.Hard to collapse! This ongoing drama of US-Iran negotiations has taken another twist — just a few days ago they said the talks were almost done, crude oil prices dropped happily, but then Trump rejected the plan with one sentence, and oil prices immediately rose back. What’s next!
#特朗普据悉拒绝7天方案，霍尔木兹重开再生变
Here’s the deal. Iran previously proposed a "7-day plan": the US first lifts the maritime blockade and eases oil sanctions, and Iran guarantees that once the agreement starts, the Strait of Hormuz will be reopened within 7 days. Sounds reasonable, both sides even entered technical consultations, the market saw hope, and Brent crude dropped 4% in one day, as if breathing a sigh of relief. $CL
So what happened? The latest news says Trump directly rejected this plan. Not only rejected, but also said military action will only be considered after the November midterm elections. So all the previous talks were just a runaround?
Yesterday I even saw someone analyzing in a community, saying reopening Hormuz was a done deal, crude would drop to a certain level, speaking very confidently. This morning I woke up and they just flipped the table, how frustrating.
The funniest part is the crude reaction. It dropped 4% yesterday to celebrate, today it rose 1.5% to recover, basically a pointless drop. The market mood swings faster than a kid throwing a tantrum — one second thinking all is peaceful, the next worrying about supply issues again.
Actually, thinking carefully, it’s not surprising. The conditions from both sides never matched: Iran wants the blockade lifted first then open the strait, the US wants the strait opened first then discuss lifting the blockade. They’ve been talking past each other, neither willing to concede first. Now Trump directly rejected the plan, basically breaking the fragile facade — those "technical consultations" were just probing each other, no real intention to succeed. $BZ
This whole thing makes me quite reflective:
1. Geopolitical news is just for watching, don’t take it seriously. Today they say talks are good, tomorrow they say talks collapsed, it all depends on the big players’ moods. If you trade back and forth following the news, you’ll get slapped in the face sooner or later.
2. Crude price swings are like child’s play. One piece of news can move prices 4%, but there’s actually no substantial change, purely emotional pricing.
3. Don’t bet on direction in these matters. You think the deal will happen, they reject it; you think war is coming, they sit down to talk again. Too many variables, betting heavily on direction is just throwing money away.$ONDO really broke the previous high after closing the position, and the 5-minute level volume has come out. If it doesn't return to the central zone, and the market is strong tonight, it will be the brightest star. Didn't want to stay by the computer and mess around during the day, probably missed it 😅$LINK is up 11.2% in 24H.
But here’s the number I care about: open interest is up ~25%.
Volume is around $1B, while funding is still near its baseline.
Price is attracting traders.
Leverage is following.
But funding hasn’t exploded yet.
The interesting part is what happens if OI keeps rising faster than price.#Strategy提议为优先股发放每日股息
Conclusion: The Strategy proposal changes the dividend record date for four series of U.S.-listed preferred stocks to daily, with payment on the next business day if declared by the board; it is pending shareholder approval and has not yet taken effect. The company's board approved submitting the proposal on September 24, with the preliminary proxy submitted on September 25, and a special shareholders meeting tentatively scheduled for October 28. This involves STRF, STRC, STRK, and STRD. The company states the new arrangement does not adjust the dividend rate or total regular dividends for each series, only the record and payment frequency. If approved by shareholders, the charter amendment takes effect, and dividends are declared, the first payment for STRC is expected on November 2, and the other three series are expected to pay on January 4, 2027. This is a timing adjustment and does not equate to increased cash flow or reduced overall dividend obligations of the company. Subsequent updates will depend on the official proxy, voting results, and whether the first payment is made on schedule.
This article is for informational purposes only and does not constitute investment advice.Germany's largest bank just said it will hold Bitcoin, Ether,
and three stablecoins for institutional clients across Europe this year.
Not a crypto company. A traditional bank.
Every time a "traditional" institution crosses this line,
it stops being news and starts being infrastructure. $XRP
$1.55 is not a dump. It’s a retest.
Week: $1.41 → $1.66 → $1.45 → $1.55.
Still above the 50/100/200-day.
$1.60 is the gate.
$1.66 is the high they have to beat.
$1.50 is the line. Lose $1.45, and the squeeze is done.
ETFs are still buying (~$23M Friday). Price isn’t chasing. That’s the same absorption you’re seeing in BTC.
XRP doesn’t lead BTC.
It punishes you if you fade it while $1.50 holds.Zano just had an inflation bug so bad,
the network wiped an entire day of blockchain history to fix it.
Not a hack. Not an exploit. A bug in the code itself.
Immutability has a reputation for being absolute.
This is a reminder that it's absolute
until the alternative is worse. Microsoft surged to 510, rising over $12 in one day, with Copilot having shifted from a chatbot to an AI Agent.
The Nasdaq closed at 27068, also hitting a new weekly high.
But don’t just focus on this sharp bullish spike.
Media reports say Microsoft closed up about 3.7% on Friday, with a total gain of only around 7% this year.
Apple also hit a historic high the same day but only rose 1.53%.
The index is lively, but the leaders aren’t exactly crazy.
I think this time it’s more like a shift in product narrative.
Coding Agents and all-weather Agents sound good, but the real test is whether enterprises will actually pay to renew.
The external environment isn’t soft either: Brent crude remains above 100, the 10-year yield is about 5.19%, and the probability of a rate hike in October is roughly 66%.
The AI story can be told, but don’t go all in at once.
Do you believe Copilot can truly boost Microsoft’s valuation, or do you think this rally is just AI sentiment recovering?
#高盛预估2027年AI相关资本开支约1.2万亿美元 #Anthropic签116亿美元合同扩充CPU算力
$MSFT $AAPL $QQQ"After a Strong Week for HYPE, Don't Just Focus on the Bullish Signals in the Short Term"
In the past week, $HYPE's performance has indeed been eye-catching, with continuous positive news and accelerated ecosystem integration. Market sentiment is starting to imagine it as an "all-in-one decentralized platform," with hype, story, and expectations seemingly all coming together at once.
But the more this happens, the more we need to return to the chart itself.
On the daily chart, 94.833 is short-term resistance above, and 89.802 is important support below. The volume is not small, yet the price has never formed an effective breakout. This kind of "high volume without price movement" sideways trading often warrants caution. It doesn't necessarily mean an immediate top, but it could indicate that the main players are quietly rotating positions using liquidity. For retail investors, the biggest risk is not volatility, but forgetting about risk amid the excitement.
So at this point, there's no need to choose strictly between "all in" or "all out." A safer approach is to take some profits off the table first, securing gains while giving the remaining position confidence to hold on. Being optimistic about the future doesn't mean you have to hold full positions through every phase.
The key focus next is Monday's opening: whether it can break above 94.833 with volume, or retest 89.802 and stabilize again. Weekend liquidity tends to be weak, and news windows can be empty, so it's better to move less and observe more.
Strength is a fact, caution is necessary. Manage your position first, then wait for direction. This is only a personal observation and does not constitute investment advice.
#BTC现货ETF连续6日吸金超28亿美元 #美债长端利率持续攀升，融资压力升温 Glassnode just flagged $95K-97K as Bitcoin's next real resistance zone.
Not a guess. It's where mean MVRV price sits — $96,700.
Options positioning could speed things up to $92K.
Then slow everything down right before $95K.
The path up isn't a straight line. It has checkpoints.