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Surrounding the unexpected rebound of the U.S. September CPI, Huobi HTX Chief Analyst Andy pointed out that inflation is spreading from energy to core prices. The U.S. September CPI rose year-on-year to 3.7%, and the core CPI rose year-on-year to 2.6%. Gasoline prices increased by 9.1% in a single month, contributing to more than half of the overall increase, but prices for housing, healthcare, and airline services also rose, indicating that this rebound cannot be fully explained by energy shocks.The data reinforces the Federal Reserve's "higher for longer" policy logic. The economy has not yet shown significant signs of recession, and the Federal Reserve lacks urgent reasons to shift to easing, needing to prevent inflation expectations from becoming unanchored. After the CPI announcement, U.S. Treasury yields and the dollar quickly rose, with the market raising expectations for subsequent interest rate hikes, leading to increased uncertainty in the interest rate path.For the cryptocurrency market, this change is slightly bearish in the short term. The market first trades on real interest rates, the dollar, and global liquidity; high inflation does not automatically favor Bitcoin. After the CPI announcement, Bitcoin weakened and fell below $82,000. In the medium term, it is necessary to distinguish between "energy-driven inflation" and "demand-driven inflation": if energy prices decline and core inflation no longer accelerates, the September data is more likely to be a temporary supply shock; if core service inflation continues to rise, then the high interest rate level may be maintained longer than expected. The direction of Bitcoin depends on whether inflation, employment, and long-term U.S. Treasury yields can jointly confirm a new policy path.

According to Decrypt, over 400 scientists, including "AI Father" Geoffrey Hinton and 2018 Turing Award winner Yoshua Bengio, published a joint open letter on Tuesday, calling for AI laboratories to default to "physically isolating" models capable of cyberattacks, meaning cutting off their connection to external networks. The open letter stated that in the short term, strong sandbox mechanisms, including network disconnection, should be adopted to implement high levels of containment for AI models with cyberattack capabilities. As of Wednesday, the number of signatories had increased to 450, including Stuart Russell from the University of California, Berkeley, and Ron Rivest, co-inventor of the RSA encryption system from the Massachusetts Institute of Technology.Before the release of the open letter, AI models experienced a summer of frequent "jailbreaking." In July, OpenAI admitted that GPT-5.6 Sol and an unpublished stronger model had breached closed testing environments, infiltrating the platform Hugging Face, which hosts over a million public AI models; these models were then being tested on the ExploitGym benchmark, which provides 898 real software vulnerabilities, requiring AI agents to convert each vulnerability into a usable attack. Subsequently, reports emerged that OpenAI models had unauthorized access to Australian government systems and obtained information from U.S. federal agencies.

The surge in artificial intelligence infrastructure construction has driven up the prices of consumer technology products. The U.S. September CPI shows that the prices of computers and smart home assistants have increased by 9.7% year-on-year, marking the largest increase since 2006.The prices of software and accessories have risen by 28.4% year-on-year, raising concerns in the market about the rising costs of technology products.

The yield on the 5-year U.S. Treasury rose 15 basis points during the day, reaching its highest level since 2007.

According to Gate market data, PRL has risen above 1.9 USDT, reaching a historical high, with an increase of over 60% in the past 7 days.

Microsoft's stock price has rebounded over 50% since the low point in June, with a market value increase of approximately $1.5 trillion, poised to set a new closing historical high. Previously, the stock had plummeted 17% in June due to investor concerns over the return on investment in artificial intelligence spending.The turning point occurred on July 29, when the financial report showed that the revenue growth of the cloud computing business reached the fastest rate in four years, leading to a 16% surge in stock price the following day.

Renowned trader Killa stated that if Bitcoin is to evolve according to the current trend structure, it needs to form a higher low above $75,500, ideally also holding the low around $80,000. This is similar to the trend in 2023: at that time, Bitcoin formed a higher high on the weekly level, then retraced and held the original range. This may explain why the recent low time frame market seems so prone to triggering stop losses, with aggressive movements and traces of algorithmic trading.Bitcoin once reclaimed its internal structure in the $82,000 range, then retraced, broke the structure again, and then reclaimed it once more. The entire market seems to be deliberately enticing traders to enter. It must be acknowledged that the initial drop to the $81,000 range was not ideal from a structural perspective. However, there were a large number of shorts concentrated at the lows, which may explain the subsequent price reaction.Another detail worth noting is that during the drop from $84,100 to $81,000, only about $300 million in long positions were liquidated; whereas previously, during the drop from $86,800 to $80,600, the scale of long liquidations exceeded $2 billion. The significant decrease in long liquidation scale indicates that the current market's reliance on long positions may be lower than before. The current market situation is quite delicate. Bitcoin needs to form a higher low at the current position to initiate a new round of upward movement; otherwise, this pullback may bring the price below $80,000. As of now, the so-called "crash protection team" has done well in maintaining the price, but it is also continuously disrupting the internal oscillation range in the low time frame.

The Bank of America Global Fund Manager Survey shows that investors' overweight in technology stocks has reached the highest level since August 2020.

Danske Bank analyst Silje Bue stated that the US dollar remains near an 18-month high due to weakened market risk appetite and supportive comments from Federal Reserve officials regarding interest rate hikes.The market is focused on the US inflation data on Wednesday to assess the Federal Reserve's future interest rate decisions. Bue mentioned that even if the CPI data indicates that the Federal Reserve may raise rates once each quarter, the strong pattern of the dollar may be difficult to change.

Web3 security platform Blockaid co-founder Ido Ben-Natan posted on the X platform that since the release of the first half report in August, the number of on-chain cybersecurity incidents has continued to reach historical highs month by month. Attackers, motivated by profit, find that attacking on-chain infrastructure offers the highest return for hackers, and this trend will become even more severe as the funds callable by AI agents increase.According to Fortune, Ben-Natan stated that the company is currently in its "busiest ever" state, one reason being the significant increase in hacker attacks. Additionally, Nansen CEO Alex Svanevik predicted that by 2028, trading cryptocurrency assets through AI agents rather than manual interface clicks will become the norm.

The artificial intelligence company Zhipu released a legal-specific model GLM-Legal, which is further trained based on GLM-5.3-Flash. In the Harvey LAB evaluation covering 24 categories of legal services, the task pass rate increased from 6.7% to 19.2%, nearly tripling the original version, surpassing models like Kimi K3 and Claude Fable 5, and ranking seventh on the Vals AI leaderboard.When reviewing software service contracts, GLM-Legal suggested shortening the termination notice period from 60 days to 30 days and required service providers to offer up to 90 days of handover support. In another software project dispute involving 40 documents, it found that the company reported to the client that the project was 60% complete, while internal records indicated only about 41%. It also identified emails from the CEO requesting to conceal risks and continue charging, and analyzed potential legal liabilities in conjunction with contract terms.According to independent evaluations by Vals AI, the cost for GLM-Legal to complete a test is $0.15, while the closely performing Gemini 4 Argon costs $10.55, a cost difference of about 70 times. GLM-Legal took an average of 72 minutes, while the latter took 44 minutes. Zhipu stated that the model was trained specifically on legal data and conducted reinforcement learning in tens of thousands of simulated legal environments. Currently, GLM-Legal requires an API trial application.

Ministers from OPEC and non-OPEC oil-producing countries met in Riyadh, Saudi Arabia, reaffirming their commitment to maintaining stability in the oil market through a joint mechanism. OPEC+ stated that disruptions in energy transportation have caused shipping and insurance costs to exceed one-third of the value of commodities, hindering the transportation of crude oil and refined products, and increasing inflationary pressures on the global economy. Countries will continue to monitor the situation and cooperate with international organizations to improve shipping conditions.

According to the latest weekly report from Binance Research, since August 31, the yield on the 10-year U.S. Treasury has risen by 47 basis points, of which 43 basis points came from an increase in real yields, while the inflation breakeven rate only rose by 4 basis points. The 10-year real yield once reached 2.95%, the highest since 2008.The weekly report also pointed out that since the interest rate hike in September, BTC has risen by 9.3%, ETH by 2.7%, and Layer 2, RWA, and AI tokens have increased by approximately 32%, 29%, and 29%, respectively, while meme and payment tokens have performed relatively poorly.Binance Research stated that the current high real interest rates still exert a suppressive effect on a wide range of risk assets, and future attention should focus on CPI, long-term U.S. Treasury yields, and BTC ETF fund flows.

According to official news, the total circulation of the decentralized stablecoin USDD and the protocol's TVL have both set historical records. Among them, the circulation of USDD has exceeded 1.81 billion, and the protocol's TVL has surpassed 2.51 billion USD, just 4 days since the last milestone was achieved.It is reported that this growth of USDD shows a synchronized effort across the entire chain, with the TRON network continuing to maintain a strong growth trend, with a circulation exceeding 1.3 billion; the circulation on Ethereum has surpassed 450 million; and the BNB Chain ecosystem continues to expand, exceeding 21 million.With the continuous prosperity of the ecosystem and the ongoing expansion of application scenarios, the growth momentum of USDD across the entire chain is further evident.

Cryptocurrency market analyst Darkfost stated that despite Ethereum recently falling from $2775 to around $2500, a decline of nearly 10%, the nominal value of Binance's ETH futures open interest decreased by about $600 million during the same period. However, when measured by the number of ETH, the open interest size has still rebounded to the level at the end of September, approximately 2.46 million ETH.Between October 8 and 9, the market liquidated about $345 million in ETH long positions within 24 hours. However, Binance's share of open interest in ETH futures on major centralized trading platforms actually rose to nearly 49%, reaching a new high since 2023.Darkfost pointed out that this means that despite the pullback in ETH prices and some leveraged positions being liquidated, the amount of ETH that traders are putting into the Binance futures market has not significantly decreased, further increasing Binance's dominance in the ETH derivatives market.

According to GMGN market data, the market capitalization of the Solana ecosystem meme coin BATON briefly surpassed 20 million USD, reaching a historical high, currently reported at 19.74 million USD, with a daily increase of over 53%.In terms of related narratives, the name BATON originates from Pump.fun's predecessor Baton Corporation, and is viewed by the community as a meme coin related to the early corporate identity of Pump.fun. Meme coin prices are highly volatile and easily influenced by market sentiment and trending events, please be aware of trading risks.