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According to CoinDesk, Open Standard CEO Zach Abrams stated that the company is not an alliance where decisions are made collectively by hundreds of participants. The daily operations of the company are managed by the management team, and a smaller group of founding partners holds ownership and governance functions, while other partners are rewarded based on their contributions to driving the supply and trading activity of OUSD.Coinbase, Mastercard, Shopify, Stripe, and Visa have invested to become the first five founding partners, each receiving an equal proportion of initial equity. The five companies have also committed to investing over $1 billion in the coming months to establish liquidity for OUSD. The specific investment amounts and shareholding ratios of each company have not yet been disclosed.These five companies are currently the only investors in Open Standard. Abrams expects the number of founding partners to increase to about 10 to 12 in the future and plans to establish a board composed of founding partners. Meanwhile, the number of partners planning to integrate with OUSD has increased from over 140 in June of this year to over 200, with the latest additions including SBI Holdings, UBS, and the fintech company Jeeves.

The yield on the 10-year U.S. Treasury bond once surged to 5.29%, reaching a new high in 19 years. New York Federal Reserve President Williams stated that he is "not in a hurry," cooling expectations for an interest rate hike in October. Saxo Bank pointed out that the yield has retreated, but tonight's U.S. PCE data will determine the next steps for the dollar and U.S. Treasuries.

According to The Block, Bitmine Chairman Tom Lee stated at the 2026 Korea Blockchain Week that the upcoming bull market could become the largest cycle to date.

Wintermute posted that, on the macro front, risk assets continued to rise last week. Even with the U.S. 10-year Treasury yield breaking above 5%, a high not seen since 2007, there was no significant risk-averse sentiment in the market. Crypto assets led the way, with altcoins rising approximately 5%, followed closely by BTC, and the Nasdaq also recorded gains, while long-term U.S. Treasuries performed the weakest.The report believes that oil prices will be a key factor influencing the interest rate hike expectations for October. Currently, oil transportation through the Strait of Hormuz remains significantly below pre-conflict levels, with Brent crude prices nearing $103 per barrel. If oil prices continue to stay around or above $100 per barrel, market expectations for another rate hike in October may remain high, at which point the core issue will shift to whether risk assets can absorb further rate hikes in the short term while bonds remain under pressure.In the crypto market, BTC last week first stood above the 50-week moving average on a weekly basis, with the current level of $82,500 being the upper boundary of the previous consolidation range, which is also a key position to watch this week; if this level can stabilize, it may become the foundation for the previous breakout; otherwise, a drop below this level will reignite concerns about the validity of the breakout. Meanwhile, BTC's market share has increased, the breadth of altcoin gains is at a relatively high level, and institutional options trading continues to increase with low Delta bullish options and call spreads being added for year-end positioning.

Renowned trader Bonk Guy stated that MARSCOIN's current trend is "very clean," and a significant rise is expected in the fourth quarter, also noting that its fundamentals are improving.The analyst believes that as BNB and BNB Chain's influence increases in this cycle, the "Musk + CZ" narrative for MARSCOIN is further strengthened. He pointed out that in the last cycle, SHIB and DOGE's market capitalizations respectively surpassed 40 billion and 80 billion dollars, while MARSCOIN this time will combine elements from Musk, Binance founder CZ, and space rocket company SPCX. Additionally, Binance has currently supported the related ecosystem through SPCX rewards and part of its own trading fees, suggesting that the market may be underestimating MARSCOIN's potential performance in the coming months.

According to a report by Reuters, if the Democrats gain control of the House of Representatives or the Senate after the midterm elections in November, they are expected to launch investigations into business dealings related to Trump and his family, focusing on the cryptocurrency, prediction markets, and investment businesses involving the Trump family, as well as companies that funded projects for the White House.The report states that controlling either chamber of Congress will give the Democrats more resources for committee investigations and subpoena power, with some investigations potentially starting as early as February next year. The subjects of investigation frequently mentioned by Democratic lawmakers include the venture capital firm 1789 Capital, in which Donald Trump Jr. is involved, as well as cryptocurrency companies related to the Trump family, but a final list of investigations has not yet been established.Additionally, Republican Senator John Curtis has previously called for an investigation into some of Donald Trump Jr.'s business relationships, believing that the commercial activities of the presidential family should be subject to consistent congressional oversight.

A survey by the Democratic Party of the U.S. Senate claims that the stablecoin USDT issued by Tether has become a major payment method for Iran. The survey shows that among over 800 sanctioned cryptocurrency wallets, about 84% primarily or exclusively use USDT.The U.S. Senate Permanent Subcommittee on Investigations had previously stated that its review of blockchain records, sanctions lists, and asset seizure notices found that the sanctioned wallets are mainly distributed across the Tron and Ethereum networks and have conducted USDT transactions.

On September 24, Zach Pandl, the research director of the cryptocurrency asset management company Grayscale, published an article in the column The Stack stating that in the wave of artificial intelligence, the demand and supply paths for the computing power required to train, run, and operate models are diverging. Grayscale believes that this imbalance favors owners of already powered and operational computing capacity and brings growth-oriented investment opportunities.Zach Pandl stated that digital demand can expand instantly, but physical infrastructure such as electricity, data centers, chips, memory, and cloud services takes years to approve, access, and build. When artificial intelligence agents perform multi-step tasks, they may consume 5 to 50 times more compute tokens than typical chatbot interactions, and increased application layer activity will transmit to the underlying computing infrastructure.The article cites data from the International Energy Agency and Lawrence Berkeley National Laboratory, stating that data centers are expected to account for about half of the growth in electricity demand in the United States by 2030, and new projects may take more than five years to connect to the grid. Even if electricity is secured, permits, specialized labor, electrical equipment, cooling systems, GPUs, high-bandwidth memory, and networks are still needed. Continuous value will flow to power producers, data center operators, and artificial intelligence cloud service providers that can convert electricity into computation.

Tom Lee, Chairman of Bitmine, stated that artificial intelligence and the cryptocurrency industry are gradually merging, with tokenization and AI agents likely becoming the two main driving forces of the next cryptocurrency market cycle.Tom Lee mentioned that BlackRock expects more assets to be tokenized, and financial settlement infrastructure is increasingly being built on cryptocurrency networks. Some fintech companies, such as Revolut, have already begun to build related businesses based on Ethereum. He also stated that AI is driving the formation of the digital economy, while cryptocurrencies provide the digital currency and blockchain infrastructure needed to support this economic system.

Vitalik posted on the X platform, stating that he attempted to briefly explain the true meaning of the plans for Ethereum that forked after Hegota. Ethereum is no longer just a blockchain; it is a hybrid architecture that combines blockchain with modern cryptography, enabling more powerful features.Related plans include FOCIL, EIP-8288, streamlined consensus, state management, formal verification, memory pool improvements with privacy features, and long-term obfuscation techniques.

Cryptocurrency analyst Darkfost stated on the X platform that based on the inflow of BTC from long-term holders (LTH) to exchanges, during the market peak in March 2024, LTH were most active in the bull market phase, with daily inflows to exchanges exceeding the annual average by more than five times.In contrast, LTH were relatively calm during the peak in 2025, and as the bear market began, their activity significantly increased, with the annual average daily inflow of BTC rising from about 600 to around 1000. As the market approached the bear market bottom, the inflow on certain trading days far exceeded the annual average, which aligns with the situation where previous high-level buyers realized increased losses.Darkfost noted that currently, LTH-related activities are gradually cooling down, with inflows to exchanges still significantly below the annual average, indicating a change in their behavior, and the market is becoming more rational.

The cryptocurrency exchange Bitget has migrated institutional client collateral to the over-the-counter custody solution Sygnum Protect of the Swiss crypto bank Sygnum. Client collateral is stored in Sygnum's segregated accounts and is simultaneously mapped back to Bitget for trading, reducing counterparty risk.Sygnum is a digital asset bank holding a Swiss FINMA banking license, and its Sygnum Protect service allows clients to trade on mainstream crypto exchanges while storing collateral off-chain in a bankruptcy-remote manner, supporting the selection of stable, yield-generating collateral. Bitget is the fourth trading platform to access Sygnum Protect, following Binance, Deribit, and Bybit.

According to a report by The Wall Street Journal, the construction of artificial intelligence is becoming the largest economic bet in American history, surpassing investments in railroads, highway systems, and internet infrastructure. The report states that spending on data centers has exceeded the combined expenditures on canals, railroads, and power grid construction, and this related construction is driving inflation while creating jobs and wealth.Economist Stijn van Nieuwerburgh, in estimates published by the Brookings Institution, shows that total investment in data centers and related artificial intelligence infrastructure is expected to reach $10.3 trillion from 2025 to 2032, averaging about 3.6% of GDP annually. The report states that the U.S. economy has never been so dependent on the construction of a single industry. Goldman Sachs estimates that by 2026, U.S. investment in artificial intelligence will reach 1.9% of GDP; the last time a single new industry accounted for a larger share of the economy was during the railroad boom in the late 19th century.The estimates list the average annual infrastructure spending as a percentage of GDP as follows: canals from 1836 to 1841 at 0.66%, railroads from 1870 to 1890 at 2.24%, electrification from 1905 to 1925 at 0.5%, highways from 1956 to 1973 at 1.13%, telecommunications and fiber optics from 1996 to 2003 at 1.1%, and artificial intelligence from 2025 to 2032 at 3.63%. The report also states that this investment is transforming various sectors of the economy, creating hundreds of thousands of jobs and producing new billionaires, while also carrying significant risks, as a large portion of it is supported by debt.

In the seventh live broadcast of the Huobi Expert Lecture, HTX Research asset analyst WZ pointed out that in the past, people were accustomed to explaining Crypto with Crypto, but today, the variables that determine the next phase of Crypto are increasingly occurring outside of Crypto. This marks a new pricing cycle that Crypto is entering.On the policy level, WZ believes that although the Clarity Act, which has systematic characteristics, is hindered in the Senate due to the need to secure bipartisan votes and issues involving the Trump family's interests and stablecoin profit distribution, U.S. crypto regulation has not stalled. For instance, the SEC recently released an "innovation exemption" plan that allows compliant institutions meeting certain conditions to tokenize specific stocks, accelerating the integration of traditional finance and crypto.On the macro level, WZ stated that the situation in the Middle East and the blockage risk in the Strait of Hormuz have raised the "risk premium" of crude oil. Rising oil prices can trigger inflation expectations, which in turn affect U.S. Treasury yields and global liquidity. When energy prices remain high and interest rates stay elevated, the upward potential for risk assets like Bitcoin may be constrained.WZ also pointed out that in this cycle, the direct inflow and outflow of ETF funds have changed the traditional logic of capital overflow, making a "general rise" pattern for altcoins difficult to achieve. However, in the new cycle, assets with a "new narrative" and strong consensus will still experience independent upward trends.

Citigroup stated in its latest market strategy program that the failure of the U.S. Senate to advance the CLARITY Act for formal review did not interrupt Bitcoin's rebound. After the procedural vote on the bill was blocked, Bitcoin remained strong, indicating that funds have begun to reduce their reliance on a single legislative node and are instead focusing on whether regulatory rules can continue to move forward.Citigroup believes that the legislative blockage will limit the CFTC's ability to obtain a more comprehensive regulatory mandate for the crypto market in the short term, but the SEC can still advance some rule-making based on its existing authority. For the market, this means that the compliance process for the crypto industry still has room to continue, with the subsequent focus on the SEC's actual execution pace regarding trading, tokenized assets, and market access rules. Additionally, the macro environment remains a variable for Bitcoin's rebound.The baseline judgment of Citigroup's economic team is that this round of interest rate hikes may be close to "one and done"; however, the quantitative macro team warns that if AI investments continue to support growth, and employment and wage pressures persist, interest rates may face further upward revision risks. Citigroup views Bitcoin's position above the mid-term moving average as a signal of warming risk appetite and notes that its correlation with Nasdaq performance is worth continued tracking.

A source familiar with the relevant discussions stated on Tuesday that U.S. Treasury Secretary Mnuchin may take on the role of President Trump's "Artificial Intelligence (AI) Czar." Meanwhile, lawmakers in Washington are increasingly concerned about the risks posed by AI technology. Trump has previously downplayed concerns about AI and believes there is no need for additional regulatory measures.The U.S. Treasury Department did not immediately comment on Mnuchin's potential new role. Another source indicated that no decisions have been made yet. Trump stated last Saturday that he plans to appoint a new "AI Czar" and form an "AI Task Force," but did not disclose details.

According to PR Newswire, Superlogic Technologies, the parent company of the travel and experience rewards platform Bookit, announced the strategic acquisition of the crypto white-label travel platform business of Entravel Group and the on-chain tokenization rewards technology builder Spree.The acquisition will enhance Bookit's ability to directly integrate native travel and experience booking platforms into applications for crypto institutions and strengthen the tokenization capabilities of on-chain points and interoperable rewards. As part of the acquisition of Spree.Finance, Animoca Brands will become a strategic investor and shareholder in Superlogic, and Animoca Brands' Chief Operating Officer Minh Do will join Superlogic's advisory board.After acquiring Entravel Group's crypto business, the Bookit ecosystem will add 27 white-label partners, including Kraken, MetaMask, and EtherFi, and open Bookit's network of over 2 million merchants for travel, retail, and VIP experiences to partners and their end users. Superlogic CEO Lin Dai stated that integrating the technologies and partner networks of Entravel Group and Spree is an important step in advancing scalable full-stack travel and rewards enterprise solutions.

According to official news, Pyth Network announced that it has become an external data distributor for Nasdaq Basic, integrating Nasdaq's real-time quotes and trading products for U.S. stocks into the Pyth data marketplace.It is reported that Nasdaq Basic is Nasdaq's real-time best bid and ask product for U.S. stocks. The best buy and sell quotes and order volumes come from the liquidity of the Nasdaq market center.