PANews

PANews September 11th reports, citing (The Science and Technology Innovation Board Daily), that regarding domestic leading AI model companies—Moonshot AI—being considering listing in both Hong Kong and Shanghai in order to raise more funds, an insider responded that the report is untrue.
Earlier, (South China Morning Post) cited two insiders as saying that Moonshot AI may consider listing in both Hong Kong and Shanghai, aiming to secure more financing and enhance market visibility. One insider said that after Moonshot AI held talks with investors in July regarding the specific arrangements for its first public offering (IPO) in Hong Kong, it further indicated an intention to list additionally on the mainland after listing in Hong Kong.

PANews on September 11 reported that Bonk Guy wrote on the X platform that he has recently re-examined USELESS’s relative performance compared with mainstream meme coins, and found that the price ratios of USELESS against PEPE, DOGE, PENGU, WIF, FARTCOIN, BONK, SPX, and SOL are all at historical new highs.
Bonk Guy said that nearly all observable indicators show USELESS as potentially becoming the “Meme Coin King of this cycle,” with its market capitalization potentially reaching billions of dollars. In addition, during this market pullback, USELESS has continued to attract a large number of new holders. He believes that before the fourth quarter arrives, as long as the price holds within the current range, any pullback in USELESS is worth actively buying.

PANews September 11 reported, citing Bloomberg, that the U.S. midterm election season has entered its final stage, with Wall Street busy devising strategies for a range of scenarios. The prediction market currently favors Democrats winning control of the House. However, the Senate race has become more closely contested, with Republicans currently holding a slight lead on Kalshi and Polymarket.
Futures markets linked to the Chicago Board Options Exchange volatility index show rising demand for protection against early-November volatility in the S&P 500. Evercore ISI advises traders to position for potential market volatility by using so-called straddle option spreads on the State Street SPDR S&P 500 ETF Trust. In addition, the market expects the Federal Reserve to raise rates twice by early 2027.

PANews September 11—In the U.S., August PPI rose 5.4% year-on-year, higher than the market expectation of 5.3%. However, August core PPI increased 0.2% month-on-month, below the market expectation of 0.3%, sending mixed signals as Federal Reserve officials debate whether to raise rates next week.
After the PPI data was released, the market fully expected the Federal Reserve to raise rates in October. This PPI report came out one day before the latest CPI data was due, which was expected to show so-called core inflation remaining relatively mild.
Some Federal Reserve officials have hinted that the rate decision at the September 15–16 meeting may depend on what this week’s reports reveal. In a speech last month, Fed Chair Wash said that if policymakers cannot be confident that underlying inflation trends are improving significantly, the Fed “still has work to do.” With ongoing hostilities between the United States and Iran, a further rise in oil prices could also complicate the outlook.

PANews September 11 report: Meta took over Instagram account “@muse” for its new AI product, which forced the well-known rock band Muse to change its official account to “@museband.” This move sparked strong criticism from netizens and the band’s fans toward Meta’s handling of the account, and Meta CEO Mark Zuckerberg also faced backlash in public opinion.
Meta previously announced the launch of its personal AI agent app Muse, which allows users to delegate digital tasks such as scheduling, filling out spreadsheets, and monitoring home cameras to an AI assistant. Users can choose whether to allow Meta to use interaction content from Muse to train AI models; if users allow it, Meta will delete sensitive personal identity information before using the data to improve the models.

PANews September 11 — According to a post by Lorenzo Valente, a crypto analyst at ARK Invest, stablecoins have clear network effects. Although there are thousands of stablecoins in the market, as the market-cap threshold rises, the number of stablecoins in each tier rapidly levels off. What truly deserves attention now are stablecoins with a market cap above $10 billion that are gradually moving toward the $100 billion and $500 billion tiers.
Data show that the number of stablecoins with a market cap exceeding $1 billion has grown from single digits to the current 12 types only since 2021. However, the number of stablecoins with a market cap exceeding $10 billion has fallen compared with the 2022 peak; currently, only stablecoins from Tether and Circle remain. Lorenzo Valente believes that it is already very difficult to enter the $10 billion market cap club, and that for $100 billion–level stablecoins, for a long time in the future there may be competition between only two firms. As for the $500 billion level, it may be achievable by only one company in the next two or more years.

PANews September 11 news: According to Reuters, the U.S. Senate announced that a Republican-led subcommittee has formally launched an investigation into OpenAI regarding its response to the July Hugging Face breach incident.
It is understood that in a letter dated September 9 to OpenAI CEO Sam Altman, the chair of the subcommittee, Republican Senator Josh Hawley, said that OpenAI "redacted many important details" and continued to test even after detecting abnormal AI behavior. He called the approach "reckless" and demanded that OpenAI submit relevant responses and documents by October 1. In addition, Democratic Senator Richard Blumenthal also sent a letter to Sam Altman, asking for explanations regarding reports that OpenAI agents broadly circumvented safeguards. The investigation was prompted by OpenAI’s disclosure that its internal testing models bypassed isolation controls and infiltrated parts of Hugging Face systems; since then, Anthropic and Meta have also reported similar AI agent intrusion incidents.

PANews September 11, according to The Information, SpaceX has disclosed a major adjustment to how it builds AI data centers, which may slow the expansion pace of new data center campuses. An insider said that Musk recently tasked a group of rocket engineers with building the data centers. Unlike his management style in the past that emphasized “rapid action,” the new team is taking a more cautious approach to construction. Two years ago, Musk built data centers for his AI business at a record-breaking speed, and this change in construction strategy could extend the timeline for the new campus.

PANews September 11, according to CNBC, the prediction market platform Kalshi, after obtaining approval from the U.S. Commodity Futures Trading Commission (CFTC), has launched gold and silver perpetual contract products, further expanding its futures product lineup. This launch indicates that Kalshi’s commodities trading business has further moved from its previous event contracts into the field of precious-metal derivatives. Previously, Kalshi disclosed that the monthly trading volume of its commodity-related contracts had exceeded $400 million.

PANews September 11—In a post, crypto trader Bonk Guy said that unless tomorrow’s U.S. CPI data causes a major change in market direction, the market may be stuck in a painful and recurring range-bound move in the near term, especially in the on-chain market. This condition could continue into the fourth quarter.
Bonk Guy believes that the biggest mistake right now is overtrading—constantly chasing new trading pairs and liquidity rotation, which leads to capital erosion. Instead, it would be better to continue holding high-confidence assets and actively buy on pullbacks, especially focusing on assets that have been performing strongly. The current market cycle is far from over, and investors may need to endure a period of volatility before the real “Q4 rally” arrives.

PANews September 11 news, according to Reuters, AI chip startup Positron announced that it has raised $875 million at a $5 billion valuation. The company’s valuation has increased significantly over the past six months. This round was co-led by venture capital firms NEA, Atreides Management, Valor Equity Partners, Andra Capital, analyst Dylan Patel’s SemiAnalysis Capital, and Netscape co-founder Jim Clark.
In its most recent funding round in February this year, Positron raised $230 million at a valuation of $1 billion. Positron said it has delivered about 50 racks of its previous-generation server Atlas to Oracle, and its customers also include financial firm Jump Trading and AI company Parasail. Positron is trying to gain an advantage in the crowded chip industry by getting its chips to market as quickly as possible.

PANews September 11 reports that the U.S. Treasury market saw a “mysterious” large options trade on Thursday, betting that a selloff in U.S. Treasuries would push the 10-year yield above 5%. Rising oil prices could further stoke already elevated inflation. The aforementioned options trade is the latest sign that investors are stepping up hedging against risks in the bond market. The selloff has once again pushed the 10-year yield close to the 2023 peak of slightly above 5%. On Thursday, the yield on U.S. 30-year Treasuries rose to 5.35%, the highest level since 2007. The premium paid for this options trade was approximately $14 million, a size that is quite significant in the derivatives market.

PANews September 10, according to a report by China Securities Journal (Cailian She), OpenAI announced that it has officially launched a “Data Agent” (data intelligence agent) in ChatGPT Work.

PANews September 10, according to CoinDesk, after crypto ATM operator Bitcoin Depot (BTM) filed for bankruptcy protection in May, some of its assets have been sold. Publicly traded digital asset infrastructure company Bitcoin Bancorp (BCBC) acquired 2,547 ATMs for only $620,750, accounting for more than one quarter of Bitcoin Depot’s over 9,200 devices. Key reasons for Bitcoin Depot’s bankruptcy include a 49% year-over-year decline in revenue in the first quarter, turning from a $12.2 million profit in the same period of the prior year to a $9.5 million loss. The company attributes its unsustainable business model to increasingly strict regulatory requirements, transaction limits, and restrictions/bans in some regions.

PANews 9月10日消息，CoinGlass数据显示，过去24小时加密货币市场全网合约爆仓5.03亿美元，其中多单爆仓4.32亿美元，空单爆仓7081.18万美元。BTC爆仓总金额1.15亿美元，ETH爆仓总金额1.04亿美元。最大单笔爆仓单发生在BITGET-ETHUSDT_UMCBL，价值2263.46万美元。

PANews September 10 message: According to The Block, Uniswap Labs has launched the “StablePair Hook,” a Uniswap v4 Hook designed specifically for stablecoin trading pairs such as USDC/USDT and USDC/USDG. Uniswap Labs said: “StablePair Hook gives traders consistent and predictable quotes with every swap, while also allowing LPs to capture a larger share of the value they help create.”
StablePair Hook uses dynamic fees instead of fixed fees. The fee rate is adjusted based on how far the pool price deviates from the reference price. When the price stays close to the reference price, this Hook adjusts the fee for each trade to maintain a fixed price spread between the buy price and the sell price. Uniswap Labs said that if the price goes beyond this range, trades that further push the deviation higher will not be charged a fee because they effectively provide more favorable pricing for the liquidity pool. Trades that pull the price back to the reference price use a Dutch auction mechanism. The fee starts out high and decreases as each block is generated, until a trader accepts the rate. Uniswap Labs said this enables liquidity providers to retain more of the value generated when the price returns to target. The first batch of StablePair Hook liquidity pools will launch on Ethereum, covering the USDC/USDG and USDC/USDG trading pairs.

PANews September 10, according to Yu Jin monitoring, as tonight’s price drop unfolded, “Hyperliquid’s largest long whale” with a $233 million long position turned from profit to loss and is currently down $3.39 million. After closing longs on August 25 with profits of $537 million long positions totaling $61.72 million, it began reopening longs starting August 28, and so far has opened:
1,400 BTC (US$110 million), long opened at an average price of $78,672; currently down $1.94 million.
50,000 ETH (US$123 million), long opened at an average price of $2,469; currently down $1.45 million.
The trader’s last long was opened in May and got stuck for three months. At the worst point, the unrealized loss reached $120 million; after holding until August, it returned to breakeven and still earned $61.72 million.

PANews September 10, according to Bitcoin Magazine, White House crypto adviser Patrick Witt said that in response to the various concerns raised by the (Clarity Act), they have made progress. “I feel quite good about the progress.”

PANews September 10, Aave founder Stani Kulechov said in a post that he has submitted comments to the UK’s Her Majesty’s Revenue and Customs, recommending improvements to the tax treatment of crypto collateralized loans and stablecoins. In addition, he also argues for allowing stablecoins to be included in the Individual Savings Account (ISA) framework, giving stablecoin lending and borrowing users the opportunity to benefit from related tax incentives.