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Nate Geraci, President of ETF Store, expressed that his initial interpretation of the latest notice from the U.S. Treasury regarding 351 exchanges is not as optimistic as some industry insiders. Geraci believes that if the asset portfolio transferred into the ETF significantly differs from the ETF's own investment strategy, it may face issues, especially in cases where the related assets are quickly reduced or completely sold off through physical redemptions.He also pointed out that the Treasury's guidance is not clear regarding the specific applicable boundaries, making it currently difficult to determine which operations may be permitted. Further guidance is expected to be issued in the future.

Cryptocurrency trader Ansem stated that he is quite optimistic about the real recovery of NFTs in this cycle, and art-related NFTs may see a price increase again.Ansem mentioned that what is more noteworthy is the innovation surrounding the forms of NFTs, including AI agents, ownership mechanisms, new issuance methods, and different models of NFTs combined with on-chain products. He believes that as the broader rotation of on-chain assets is still in its early stages, there may be more new applications and design explorations in the NFT field in the future.

Binance founder Zhao Changpeng stated during the podcast "When Shift Happens" that he remains bullish on Bitcoin but denies having the ability to influence the price of the entire crypto market. Previously, on August 19, when Bitcoin was around the $60,000 range, Zhao Changpeng posted that if one wants their future self to thank today's decisions in two years, immediate action is needed. This post was interpreted by the market as a hint to buy Bitcoin, and in the following days, the crypto market rose by about 20%.Zhao Changpeng responded that he does not have the ability to drive the entire market price. He stated that he has always been bullish on the crypto industry, and almost all of his posts have a bullish tendency, posting 5 to 10 times a day, so it is not surprising that one of his posts coincidentally appeared before positive news.Zhao Changpeng mentioned that about 5 hours after the post was published, Trump gave a relatively positive speech about the crypto industry, mentioning the push for Hyperliquid to enter the U.S. market, but he did not know the content of the speech in advance. He emphasized that if he had any information that could affect the market, he would not post about it. Therefore, the post and the subsequent market rise were merely a coincidence in timing.Regarding the Bitcoin cycle, Zhao Changpeng stated that the crypto market has roughly followed a four-year cycle to date. At that time, some speculated that Bitcoin might bottom out in October, but he believes there is no need to wait until October to express a bullish view.

Tom Lee, the chairman of the Ethereum treasury company BitMine, stated that cryptocurrency concept stocks have led the way in the third quarter, viewing this as a signal for the start of a bull market. This cycle is different from the past ones driven by ICOs, NFTs, meme coins, and stablecoins, as it now includes tokenization, AI, and a more favorable regulatory environment, with broader participation in funding.After years of consolidation, the market may welcome a clearer breakthrough, with upward potential possibly exceeding previous cycles. Tom Lee also expressed optimism for Ethereum, believing it will strengthen due to Wall Street's tokenization implementation, and thinks ETH has a chance to challenge its previous high within the year.

Tesla CEO Elon Musk stated that he is optimistic about "bio-enhancement" in the next decade. The "Neuralink" company he co-founded is attempting to break through the bottleneck of human information transmission bandwidth.Musk mentioned that the peak bandwidth for humans is about 100 bits per second, while computers communicate at trillions of bits per second. Technologies that enhance the speed of human communication will improve the alignment between humans and machines.

On September 23, according to Bitcoin Treasuries, the latest ethics disclosure document (OGE Form 278-T) from U.S. President Trump shows that his account purchased shares of Bitcoin Treasury company Strategy Inc. (MSTR) on July 24 and 27, with amounts ranging from $1,001 to $15,000 and $50,001 to $100,000, respectively. The report states that the timing of the purchases coincided with MSTR being at a low point for 2026, and since July 24, the stock has risen approximately 83%.The White House stated that the aforementioned holdings are managed by a third-party institution with full delegation, and Trump himself does not participate in trading decisions. The relevant holdings are disclosed in his capacity as a beneficiary. Previously, his account had also bought and sold Strategy stock multiple times, selling a total of $16,002 to $65,000 in June, and the two new buy orders in this disclosure are additional trading records from the July window period.

According to Bitcoin Magazine, Bill Miller IV, Chairman and CEO of Miller Value Partners, stated in an interview with Bitcoin Magazine that he has "never been more optimistic" about Bitcoin. He pointed out that although Bitcoin's market capitalization remains roughly at the peak level of the last cycle, the global financial situation has significantly worsened, and the gap between price and fair value is wider than ever.Miller elaborated on his "capital governance" argument, suggesting that Bitcoin should be viewed as the "denominator" of capital rather than an asset that needs to be valued, using the scale of the U.S. deficit compared to Bitcoin's total market capitalization as a reference framework for assessing fair value. He also addressed the phenomenon of gold outperforming Bitcoin, attributing it to "narrative lag," and discussed AI trading rotations as well as the global liquidity outflow from the Japanese and U.S. Treasury markets.Additionally, Miller talked about the Federal Reserve's 25 basis point interest rate hike, energy prices and inflation, the impact of immigration and the rule of law on the stability of capital flows, and whether U.S. companies can outperform debt, as well as why funds still cannot hold Bitcoin. He believes that Bitcoin is a form of capital denominator that does not rely on force for endorsement.

According to CoinDesk, Bitcoin Core 32 entered its final testing phase on September 14, with the first candidate version marked, and the official release is expected on October 10. This version will not change Bitcoin's consensus rules but will mainly optimize fee estimation, accelerate block processing, and fix several security vulnerabilities.In terms of fee estimation, Bitcoin Core 32 introduces a new estimator based on unconfirmed transactions, which can quickly lower the recommended fee rate when network congestion eases, compared to the original estimator based on historical block fees. Regarding block processing, nodes can now use multiple threads to fetch transaction data from the database simultaneously, with a default of 8 threads, reducing the waiting time for nodes to catch up with the blockchain.For security fixes, developers have addressed a command execution vulnerability that has existed in non-Windows systems since Bitcoin Core 24. This vulnerability could allow authenticated users to execute commands on the node host through specially crafted wallet names when the walletnotify feature is enabled. Additionally, four commands used to create partially signed transactions will default to using PSBT version 2 format; the new web server was found to have a memory exhaustion flaw during auditing, where 16 unauthenticated REST connections could raise the node's memory from 46 MB to about 3 GB in approximately one minute, and this issue has been fixed before the official release.

According to the Economic Daily, in the past six months, CCL manufacturers have raised product prices by about 20% to 30% due to the overall increase in upstream material prices. Most PCB manufacturers have not been able to pass on these costs quickly enough, resulting in a time lag of 2 to 3 months, which has eroded profit margins. Institutional investors indicate that starting from the third quarter of this year, some PCB manufacturers will increase prices, and the benefits are expected to drive a rebound in the profitability of related manufacturers.Analysts state that in terms of substrates, electronic fiberglass cloth led by T glass and copper foil drilling needles are still in short supply, with T glass experiencing the most severe shortage, with some manufacturers facing a gap of up to 20%. This gap is expected to continue into next year. It is anticipated that in the second half of this year, substrate manufacturers will enter a supply-demand imbalance driven by the high demand for AI GPUs and ASIC high-performance computing, as well as the continued tightness of key raw materials. Substrate manufacturers will continue to adopt rolling price adjustments, with prices still having double-digit upward potential.Additionally, due to the sustained high demand related to AI and the specification upgrades driven by new generation products, there is continued optimism that CCL manufacturers will benefit from both price and volume increases. With raw material prices remaining tight and the delivery times for high-end CCL continuing to extend, the trend of price increases remains unchanged. There is continued optimism for the future development of Taiwanese CCL manufacturers such as Taiflex and Taisil. Meanwhile, as the substrate gap gradually widens, it benefits the bargaining power of substrate manufacturers, and the trend of price increases will continue, maintaining a positive outlook on the future performance of Taiwanese substrate manufacturers, including Nanya Technology and other supply chain partners.

As oil prices rise, inflation concerns have emerged, leading to a significant increase in U.S. Treasury yields. Citigroup stated that for investors who can withstand volatility, the 20-year Treasury bond offers a good risk-reward ratio.Citigroup strategist Jason Williams pointed out that if yields break above 5.3%, bearish options on U.S. Treasuries will strengthen, and policymakers may take action to curb the rise in yields.

According to the official announcement, Binance will suspend the deposit and withdrawal of USDT tokens on the Optimism network on September 17, 2026, at 02:00 (UTC) to support its contract replacement. The replacement ratio is 1:1, with the new token being USDT0 and the old token being renamed to OPUSDTE.Spot, leverage, futures trading, and Binance Earn services will not be affected.

According to Taiwan's "Commercial Times" report on September 14, as the computing power of GPUs and ASICs continues to rise, traditional copper interconnects are gradually approaching the limits of power consumption and signal transmission. TSMC is accelerating its layout for co-packaged optics (CPO). The industry is optimistic that if CPO bandwidth continues to double every two years, it may form the "CPO Moore's Law" of the AI era. Industry analysis indicates that the upgrade of CPO bandwidth mainly has three paths: including increasing single-channel speed from 200G to over 400G, expanding the number of optical channels from 16 to 32, 64 or more, and introducing wavelength division multiplexing (WDM). By 2040, the theoretical value could reach about 128 times the current level, with long-term potential for development towards hundreds of T based on the current level of about 3.2T.TSMC's role in optical interconnects has extended from wafer foundry to system integration, gradually integrating computing, HBM memory, and high-speed I/O from 3DFabric, CoWoS, SoIC to silicon photonics and CPO. When high-speed electrical signals exceed 200G, signal attenuation increases after passing through longer copper paths such as ABF substrates, PCBs, and connectors, leading the industry to develop shorter copper paths and longer optical paths. In terms of packaging architecture, the optical engine is currently laid out on the substrate, and the next step is expected to place CPO in the intermediary layer, with future possibilities of using SoIC technology to achieve 3D vertical integration of photonic integrated circuits (PIC) and ASICs. Industry players indicate that CPO still needs to overcome challenges in packaging, optical coupling, and testing before mass production can be achieved.

"BTC OG Insider Whale" agent Garrett Jin released a market perspective stating that Bitcoin bulls are currently in an unfavorable position, with BTC continuing to hover above $76,500.Garrett Jin expressed that he is not optimistic about the current prolonged bottoming market, believing that the longer the consolidation period, the more likely BTC is to break below the $76,500 support and further seek lower support levels, rather than immediately reversing.He pointed out that if Bitcoin wants to show a stronger trend again, it needs to at least regain and maintain above $78,300.

According to South Korean media MK, Min Byeong-deok, a member of the Democratic Party of Korea, revealed that the South Korean "Basic Law on Digital Assets" will be promoted for formulation within the year, with a public hearing planned for this month, and the formal advancement of the bill review will begin in November after the national government audit concludes. However, considering that the National Assembly will also conduct national government audits and budget reviews, the legislative timeline may be postponed until the first half of next year.In addition, the South Korean Financial Services Commission has announced a phased implementation roadmap for Security Token Offerings (STO), and financial institutions are also advancing tokenization system testing and global infrastructure cooperation. South Korea's digital asset regulation is gradually shifting from institutional discussions to the preparation phase for implementation.

ChainCatcher crypto trader Bonk Guy posted on the X platform in response to the recent controversy surrounding his purchase of EMBER and explained his investment logic. Bonk Guy stated that he first noticed the project when EMBER's market cap was about 3 million dollars but did not buy in. After observing for a day due to the rapid growth of platform data, he re-evaluated and bought in from a market cap of about 7 million dollars all the way up to a 20 million dollar market cap.Bonk Guy mentioned that EMBER is the main Launchpad based on Meteora, supporting the use of SOL, USDC, and over 150 tokenized stocks as paired assets for issuing tokens, and employs Meteora Dynamic Bonding Curve technology, while also providing features such as token tax distribution, Daily Jackpots, and DAO governance.According to his disclosure, Ember recorded about 51.7 million dollars in trading volume and 561,000 dollars in fees within 3 days of launch, with a total of 2,041 tokens issued, over 41,800 unique wallet addresses, and 149,000 Solana transactions. Bonk Guy compared his purchase of Ember to his previous trade in PONS, stating that he first saw PONS when its market cap was below 1 million dollars, similarly ignoring it for a whole day, and then began buying in at around a 4 million dollar market cap. Rather than whether a popular token has already emerged, it is more important to observe the real usage data underlying the Launchpad.Additionally, Bonk Guy stated that both Robinhood Chain and BNB Chain have multiple successful Launchpads, and that Solana's meme trading ecosystem has developed over a longer period, so there is no reason to believe that Solana can ultimately only accommodate one successful Launchpad. He also mentioned that his trading decisions are not based on market consensus. Some of his past most successful trades often came from identifying opportunities before the market formed a consensus; by the time everyone recognizes it, the asymmetric upside potential is usually significantly reduced.Regarding the recent controversy, Bonk Guy stated that the claim "EMBER has over 50% of Bubblemaps address clusters" has been clarified by Bubblemaps; his previous statement that Ember "was launched by Meteora" is also inaccurate, with a more accurate description being that Ember is based on Meteora's related infrastructure, which is now included in the Meteora ecosystem page. Bonk Guy emphasized that he has no relationship with the Ember team, and EMBER is a personal trade for him.

Nick Timiraos, the "Fed Whisperer," stated that in the August CPI, core services inflation excluding housing rose by 0.51% month-over-month, the highest level since January, and increased by 3% year-over-year. Core goods inflation rose by 0.11% month-over-month and increased by 0.7% year-over-year. Housing inflation rose by 0.26% month-over-month and increased by 3% year-over-year.

According to Cryptopolitan, over 100 researchers, using AI coding agents, have reduced the quantum attack resource score for the Bitcoin secp256k1 elliptic curve point addition subroutine by 86.1% (from 10.75 billion to 1.496 billion). This optimization only targets a single step in Shor's algorithm and does not break any private keys or transfer funds; a complete attack still requires fault-tolerant quantum hardware that does not yet exist. However, each efficiency improvement compresses the time window for quantum migration after blockchain completion.According to Glassnode data, approximately 6.04 million BTC (30.2% of the circulating supply) face potential quantum risks due to exposed public keys on-chain. Ethereum plans to achieve full quantum resistance by December 2029, while the Bitcoin community faces greater challenges at the governance level, including how to handle approximately 1.7 million suspected dormant P2PK address coins held by Satoshi, which remains unresolved.

According to Blockaid monitoring, it has detected that the DeFi risk management protocol Cozy on Optimism has been attacked, resulting in a loss of approximately $170,000.

Trader Ansem posted that the altcoins of 2017 are essentially not much different from today's Meme coins. The former often attracted market funds through white papers and founder narratives, while today's Meme coins at least explicitly acknowledge that their essence is a form of attention trading.Ansem stated that he is currently more optimistic about Meme coins than ever before.