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The Asian bond market is expected to follow the decline of U.S. Treasuries, as the U.S.-Iran standoff keeps oil prices high, exacerbating inflation concerns and increasing market bets on further interest rate hikes by the Federal Reserve.New Zealand government bonds opened lower, and Australian government bond futures may decline. The benchmark 10-year U.S. Treasury yield briefly rose by 11 basis points to 5.27%, reaching a new high in 19 years; the 30-year yield rose to 5.55%. Morgan Stanley analyst Chris Larkin stated that the market's focus may still be on interest rates and energy prices.

Nic Carter, co-founder of Castle Island Ventures, commented on the "slow down the frontier" proposal put forward by Anthropic CEO Dario Amodei. Nic Carter stated that if the goal is to widen the gap between the public and the true frontier internally, and requires cooperation from competitors, then the proposal is reasonable. The main commercial risk for Anthropic is the commoditization of models due to distillation, rather than safety issues.Nic Carter mentioned that safety and profit incentives tend to align in limiting public access to truly frontier models. The highest return use of frontier tokens is for internal research and capturing downstream intellectual property, rather than public API sales. Anthropic has made models like Mythos Preview available only to a few partners.Nic Carter expressed that unilateral slowing down cannot solve the prisoner's dilemma, and coordinated restraint requires antitrust exemptions or regulation. Dario called for the U.S. government to provide limited exemptions for safety discussions so that companies can voluntarily set standards.

Social Capital founder Chamath Palihapitiya released an in-depth research report stating that open-source weight models are about four months away from matching the best closed-source frontier models in public evaluations, with increasing fluctuations in the gap. If open-source models allow companies more control over data, infrastructure, and customization while approaching frontier performance, the value corresponding to companies still paying for frontier laboratories becomes a business issue. Openness exists on a spectrum, from fully open-source models that can be downloaded and freely modified to open-source weight models with various restrictions, while closed-source models keep weights proprietary.Palantir CEO Alex Karp warned that companies might hand over differentiated proprietary knowledge and processes to frontier model providers. Microsoft CEO Satya Nadella stated that companies are effectively paying for intelligence twice: once in money and again in the more valuable proprietary knowledge that must be disclosed to make the intelligence useful. Despite concerns, companies are still willing to pay for frontier performance, even if the best open-source weight models are only months behind, with frontier laboratory revenues continuing to accelerate.Leading companies use both types of models, leveraging open-source models for control and customization while utilizing closed-source frontier models for maximum capability, with some cases reporting up to 12 times engineering efficiency and over 20 times cost savings. Some vendors adopt a dual-track approach, with Google offering both Gemini and Gemma, and Meta providing both Muse Spark and Llama. The 99-page report also discusses the costs of maintaining a lead for frontier laboratories, five factors of model competition, model operating locations, and investments in open-source weights by NVIDIA and Samsung.

ESS Frontier LLC filed a lawsuit on September 4, 2026, in the United States District Court for the Southern District of New York, case number 1:26-cv-07645, against Ostium Foundation, Ostium Labs Co., Deltax LTD., DX Group Limited, Ostium co-founder and CEO Kaledora Kiernan-Linn, and John Doe Transferees 1-10. The nature of the case is arbitration matters under other statutes, with the cause of action being a petition for a mandatory arbitration order and the appointment of an arbitrator pursuant to 09 U.S.C. § 206.The plaintiff also submitted a complaint, a motion for a temporary restraining order, a motion to seal limited materials, and related declarations. Public reports indicate that the lawsuit involves approximately $15 million in crypto loans, with ESS Frontier LLC suing as the assignee of the debt owed by Hong Kong lender Minghui Zheng. On September 14, the plaintiff submitted the first amended complaint, adding Minghui Zheng as a co-plaintiff. The court is scheduled to hold a hearing on September 17. Ostium is an on-chain perpetual contract protocol deployed on Arbitrum, providing leveraged trading for stocks, commodities, foreign exchange, and crypto assets.

An MEV bot named Yoink on Ethereum front-ran an exploit attack targeting the Safe wallet, which PeckShield referred to as an approximately $7.81 million rsETH attack. On-chain records show that the Yoink transaction received 2,900 rsETH and sent 2,882.37 rsETH to the address 0xC70f00CD7E461686b04B0E912E309becA8b80ea0, which currently has a balance of 2,882.36740883 rsETH.The same transaction also sent 17.63 rsETH to the Uniswap v4 Pool Manager, which sent 18.95 ETH to the Yoink contract, which then transferred 18.93 ETH to the block builder. The Yoink transaction and the original attack transaction both occurred in Ethereum block 25980525, with the Yoink transaction at the top of the block, and the original transaction executed a rollback, consistent with the front-running judgment of security researchers.BlockSec attributed the vulnerability to a flaw in the authorization checks of the executor contract associated with the enabled Safe module, allowing calls controlled by the attacker to be executed through a trusted executor. Blockaid stated that the attacker exploited a public keeper multi-call to direct a custom Uniswap v4 liquidity module to a hook pool created by the attacker, which subsequently unpacked aEthrsETH into rsETH.

Stubborn high inflation has led Trump to confront Federal Reserve Chairman Waller this week, as the market prepares for the Fed to raise interest rates despite the president's demands.Economists warn that if the Fed does not support a rate hike on Wednesday, its "credibility" will be at risk. Trump reiterated that the U.S. should have the "lowest interest rates in the world" and may be dissatisfied with a rate increase.

Micron Technology announced on Friday that its direct labor employees in Taiwan will receive a total bonus for the fiscal year 2026 equivalent to 35 to 68 months of salary, with a minimum cash compensation of 1.7 million New Taiwan Dollars (approximately 53,809.39 USD).Employees in Taiwan who joined before August 29, 2025, will receive a cash bonus of 1 million New Taiwan Dollars (approximately 31,652.58 USD) for the fiscal year 2026. This announcement comes after union members representing about two-thirds of Micron's employees in Taiwan generally supported a strike.

According to Yahoo Finance, Zhihu announced that its wholly-owned subsidiary has entered into a subscription agreement with general partners and fund managers to subscribe for 1.5 billion RMB of limited partnership interests using its own funds.Following the completion of the subscription, Zhihu expects to hold no more than 30% of the fund's interests. The fund has a duration of 7 years (extendable for up to two additional years), with an investment period of 4 years, and will primarily invest in early to mid-stage non-listed companies in the fields of artificial intelligence and cutting-edge technology in mainland China, covering areas such as foundational models, AI infrastructure, robotics, and AI applications.

According to on-chain analyst Yu Jin's monitoring, a "news trader" paid a bribe of 40.8 BNB (31,000 USD) in node bribes and Gas fees to front-run the purchase of Hakimi at the first second of the announcement of the Hakimi contract going live on Binance, subsequently selling for a profit of 378,000 USD.Analysis shows that the announcement of the Hakimi contract going live on Binance was made at 13:55:12. Within the first second, he paid a bribe of 35.3 BNB (26,800 USD) to the node BNB48 Club and used a smuggled RPC channel to front-run and buy 9.89 million Hakimi with 264.7 BNB (200,000 USD) at a price of 0.02 USD. He also paid a high Gas fee of 5.5 BNB (4,200 USD). Of course, the high bribe and Gas fees allowed him to buy at the very front, and then other traders bought after him, pushing up the price.

According to Caijing, regarding the investment shares of DeepSeek, some intermediaries in the market have proposed a fee structure of "18% upfront and 35% backend," meaning that investors contributing 100 million yuan must first pay an upfront fee of 18 million yuan, and after receiving returns in the future, they must also share 35%. The report states that even if investors accept the high fees, they cannot guarantee that they will ultimately receive shares.DeepSeek will conduct a thorough identity verification of the investors participating in the financing and the limited partners behind the funds. The relevant investments have a five-year lock-up period during which transfers are not allowed. Except for the National Artificial Intelligence Industry Investment Fund, most external investors do not have voting rights and do not hold board seats, sharing financial returns only according to their investment proportion.At the same time, there are false shares and intermediary chaos surrounding DeepSeek's financing in the market. Some institutions claim to hold large investment shares but ultimately did not make it onto the investment list, and some investors have paid a "meeting fee" of 5 million yuan in an attempt to contact Liang Wenfeng but were unsuccessful.

As the US dollar stablecoin continues to dominate the on-chain payment market, Europe is accelerating the development of a digital currency system that reflects its own regulatory framework, monetary sovereignty, and privacy standards, gradually forming two parallel paths: "digital euro + private euro stablecoin." Among them, the European Central Bank is prioritizing privacy protection as an important design focus for the digital euro. Piero Cipollone, a member of the Executive Board of the European Central Bank, stated that the digital euro will provide the highest possible level of privacy under current technological conditions, with offline payments visible only to the payer and payee; in online transactions, the euro system cannot directly identify specific individuals, but banks can still obtain the information required for anti-money laundering.At the same time, private institutions have taken the lead in promoting euro stablecoins. Revolut has begun rolling out EURR to some users in Denmark, Poland, and Portugal, with plans to expand to the entire European Economic Area in the future. EURR operates on Ethereum and is issued by Bridge Building, a subsidiary of Stripe, aiming to maintain a stable value against 1 euro. Forbes points out that the digital euro and EURR are not simply in a substitutive relationship: the former is a public currency issued by the central bank, while the latter is a privately issued on-chain stablecoin. The European digital currency market is developing along these two models simultaneously, with competition focusing on privacy, usability, regulatory clarity, and actual economic value.

Stablecoin issuer Circle has reached a sponsorship agreement with Premier League giant Chelsea, becoming its chief partner and official shirt front sponsor. According to news released on Friday, Circle and the USDC brand logo will appear on the jerseys of Chelsea's men's, women's, and youth teams starting from the 2026/27 season. Circle stated that stablecoins are moving from early adoption to mainstream, bringing USDC to one of the largest global stages in sports, reflecting the scale and ambition of this opportunity.Circle CEO Jeremy Allaire stated that USDC is built on the idea that "currency should operate seamlessly for everyone around the world, just like the internet," and the partnership with Chelsea connects a global sports community based on the same borderless vision. Chelsea chairman Jason Gannon noted that this collaboration places Chelsea at the forefront of the digital evolution in football. The specific amount and duration of the agreement have not been disclosed.This collaboration comes as the crypto industry rebuilds its sports sponsorship landscape following a market downturn in 2022. Previously, Crypto.com secured a 20-year naming rights deal for the former Staples Center for $700 million, and OKX had also partnered with Manchester City. In June of this year, the UK's Financial Conduct Authority warned Premier League and other football clubs to be cautious of sponsorship agreements with unauthorized crypto companies, while Circle holds an electronic money institution license from the UK FCA. Chelsea will debut the jerseys featuring the Circle and USDC logos in their home match against Brighton on Sunday.

The Frontier Data Research Laboratory idler announced the completion of a $9 million seed round financing, led by Alpo and Frankie from Paradigm, with participation from Y Combinator, Long Journey VC, as well as angel investors including marrc, catheryn_li, dcposch, Janine Leger, Lynett Capital, feross, and nur_daulet_.idler is positioned as a frontier data research laboratory, and this round of funding will be used to build evaluation systems, benchmark testing, and reinforcement learning environments for leading frontier laboratories worldwide to train and measure their model performance.

CFTC Chairman Mike Selig stated, "For years, the anti-crypto army, doomsayers, and slowists have stifled innovation." "The CFTC is turning a new page, charting a course for innovators to explore the new frontier of finance."

Bitcoin News posted on the X platform that the Bitcoin Policy Institute, along with a coalition of over 40 organizations, is calling on leading AI labs to provide trusted access to their state-of-the-art AI models for qualified open-source defenders.The open letter states that Bitcoin and digital asset developers are facing increasingly complex AI-driven cyber threats, while legitimate security research is often hampered by cutting-edge model security mechanisms. Signatories including Block, Coinbase, Strategy, MARA, Galaxy, BitGo, Brink, OpenSats, Chaincode Labs, Spiral, Trezor, and Unchained are requesting early access to cutting-edge cybersecurity models, sufficient computing power, secure research environments, and the establishment of direct communication channels with AI lab security teams. The open letter states: "Defenders need cutting-edge technology; please give them a fair head start."

The research organization SemiAnalysis released an analysis indicating that Google DeepMind is no longer among the leading AI laboratories. A week prior, DeepMind co-founder Demis Hassabis stepped back from daily operations, and key members such as Google Chief Scientist Jeff Dean and Gemini co-lead Oriol Vinyals left to establish a new lab called Discovery Loop. The analysis suggests that the long-term struggle within Google over computing power allocation between Gemini and GCP has concluded with GCP emerging victorious.SemiAnalysis stated that Gemini 3.5 Pro has been canceled, and Gemini 3.6 Flash's performance is inferior to that of leading Chinese open-source models and Grok 4.5. Currently, Gemini has fallen to the 8th or 9th position in the large model rankings. Meanwhile, GCP is selling a large number of TPUs to competitors like Anthropic, having secured long-term leasing and sales contracts for hundreds of thousands of TPUs over the past nine months. The Tokenomics model estimates that Gemini's own ARR is about $12 billion, while GCP's third-party AI cloud service revenue is expected to exceed $73 billion by the end of 2027, with TPU system sales contributing an additional over $120 billion. GCP's latest quarterly growth rate is 82%, and it is expected to accelerate to over 100% by 2027 due to TPU system sales, contributing approximately $3 to Google's earnings per share.