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THORChain announced that the ZEC liquidity pool is now live, and the network has completed a node rotation, with all nodes beginning to monitor the Zcash chain.THORChain stated that trading functionality will be the next step; currently, liquidity is shallow, and early traders should be aware of risks such as slippage. Previously, THORChain added native support for Zcash in the protocol upgrade, including UTXO handling, RPC logic, and ZEC price oracles, and continues to advance mainnet integration.

Bonk Guy posted on the X platform that Super Inu (SI) has surpassed 60,000 holders within a week of its launch, with over 30,000 new holders in a single day. In the past two days, the on-chain trading volume exceeded 110 million USD, and the cumulative on-chain trading volume in the past seven days is approximately 163 million USD. He stated that no other meme coin has reached similar data during this cycle and in the past year.Regarding the decline in SI's price, Bonk Guy added that SI's market capitalization had previously risen from 3 million USD to 70 million USD and is currently undergoing a very healthy correction. He believes that a market cap of 100 million USD could become the next target of attention and is optimistic about its future performance. According to market news, SI's market cap is currently reported at 34.46 million USD, with a drop of over 22% in the last 24 hours.

According to a report by Reuters, Citigroup has raised its price forecasts for Bitcoin and Ethereum over the next 12 months, citing reasons such as increased activity in the cryptocurrency market, a supportive macroeconomic environment, and the resumption of ETF fund inflows.Citigroup has raised its 12-month target price for Bitcoin from $82,000 to $113,000, and its target price for Ethereum from $2,240 to $3,028.In a report released on Wednesday, Citigroup stated that it expects inflows into the cryptocurrency market to resume, but at a slower and more stable pace than before, as advisory firms and brokerages gradually increase their Bitcoin allocations, which is likely to sustain the inflows.Citigroup anticipates that there will be $5 billion in inflows into the cryptocurrency market over the next 12 months. The U.S. Senate failed to advance the CLARITY Act last week. This bill aims to establish a regulatory framework for digital assets, and its blockage poses a certain setback for the entire cryptocurrency industry. Following the U.S. Treasury's recent repurchase of long-term government bonds, the dollar weakened, reigniting the upward momentum in the cryptocurrency market.

According to a report by the Financial Associated Press citing local media on September 29, Samsung Electronics Executive Vice President Kim Taewoo stated that HBM is expected to account for nearly 30% of the total wafer capacity of DRAM manufacturers next year, up from the current ratio of about 20%. He mentioned that HBM competes with traditional DRAM for the same batch of wafer capacity, and increasing HBM output may squeeze the supply of traditional DRAM.TrendForce previously predicted that by the end of 2027, the HBM wafer input from the three major global HBM suppliers will account for about 30% of the total DRAM wafer input, but in terms of storage capacity, it will only contribute about 13% of the total DRAM supply. Additionally, according to media reports on September 20, Samsung began mass production and shipment of HBM4 in February this year and provided 12-layer HBM4E samples to customers including NVIDIA in May; the industry expects Samsung's monthly wafer input for HBM to increase from about 180,000 wafers this year to about 250,000 wafers next year.On the same day, TrendForce stated that the demand for AI servers continues, and HBM and general DRAM will still share limited advanced process capacity. The storage supply will remain tight in 2027, and the price expectations for HBM in 2027 have been raised, with an expected year-on-year increase of 121% in the mixed average selling price. Due to limited supply and rising system costs, 8-layer HBM is expected to become a priority evaluation option for several manufacturers in 2027, with its price per Gb expected to be about 10% to 20% higher than that of 12-layer products.

According to a report by the Korean News Agency, Jeong Dae-sik, a representative of the People Power Party (the largest opposition party in South Korea), stated that the government needs to re-examine the establishment plan of the "Future Response Fund" funded by excess tax revenue, as well as the taxation system for virtual assets (digital assets).Jeong Dae-sik stated that excess tax revenue is temporary, and once spending increases, it is difficult to reduce. Therefore, priority should be given to alleviating the tax burden on the public. Regarding the taxation of virtual assets scheduled to be implemented in January next year, he called for a postponement or abolition, stating that forced taxation could lead to capital flowing to places like Hong Kong and Singapore.

Elon Musk expects Starship to achieve a launch frequency of once a week or once every two weeks next year.

HashKey, a digital asset financial services group, is evaluating more acquisition targets, strategic investment opportunities, and potential collaborations in Asia and the Middle East.Eric Zhu, Chief Financial Officer of HashKey, stated in an interview with Mergermarket that capital deployment over the next 12 to 24 months will focus on transactions and liquidity, custody, clearing and settlement, payments, and tokenization, with priority markets including Singapore and Southeast Asia, Japan, and the Middle East. HashKey is evolving from a single trading platform into a comprehensive provider of digital asset and financial services infrastructure.

ITC Crypto founder Benjamin Cowen published a post questioning the bearish outlook for Bitcoin in Q4, stating that from a technical perspective, the current market trend is favorable for bulls. Currently, the price of BTC is less than 1% away from the May peak, making it difficult to draw conclusions about the future market before entering the fourth quarter.

The criminal trial of Aiden Pleterski, who calls himself the "King of Crypto," regarding allegations of cryptocurrency fraud will begin on October 5 in the Ontario Superior Court of Canada. He is accused of raising funds from investors between 2021 and 2022 by making false promises of "smart investments yielding high weekly profits," with the fraud amounting to approximately $30 million. Canadian authorities have filed charges of fraud and money laundering against him in May 2024.According to CBC News, Pleterski failed to obtain a postponement to hire a lawyer and is expected to represent himself in court. The trial is expected to last about four weeks, and if convicted on the fraud charge alone, he could face up to 14 years in prison.In December 2022, several men (some of whom are reportedly victims of the scam) allegedly kidnapped and tortured Pleterski for three days, threatening his and his family's safety, and forcing him to record a video detailing his role in the alleged fraud. Pleterski is one of many high-profile figures in the cryptocurrency industry facing criminal charges during the market downturn in 2022, with executives from the now-bankrupt FTX and Celsius also facing charges in the United States thereafter.

According to a report by ZDNet Korea on September 28, Samsung Electronics is accelerating the construction of the first mass production line (Ph1) at the Pyeongtaek Fifth Campus (P5) and is discussing with major equipment manufacturers to move the target for Ph1 equipment installation from the originally planned third quarter of next year to the second quarter of next year. P5 is the next-generation semiconductor production base aimed to be operational by 2028, and the construction of the Ph1 cleanroom began in the third quarter of this year.Samsung Electronics had previously advanced the completion of the P5 Ph1 cleanroom, originally scheduled for early next year, by about six months, so the equipment installation is expected around the third quarter of next year. Industry insiders say that the start time for equipment installation is planned to be moved up from July to August next year to around May to June next year; others have indicated that Samsung has even proposed to deliver equipment in the first quarter of next year for temporary storage at other locations, showing a strong willingness to invest early.Discussions on the investment for the second phase of P5 (Ph2) are also progressing. Currently, Ph1 is more likely to be built as a DRAM and HBM production line, while Ph2 is more likely to be built as an advanced NAND production line, including the tenth generation (V10). Equipment industry insiders say that formal purchase orders have not yet been placed, but Samsung has discussed building Ph2 as a NAND production line with partners, and due to the long equipment delivery cycle, they are requesting to prepare relevant components in advance. Reports indicate that large global tech companies are increasing orders for high-performance DRAM and NAND for AI infrastructure, while storage companies like Samsung have limited production capacity. Samsung stated during the second quarter earnings call in July that unmet demand this year will extend into next year, and the supply shortage next year will be more severe than this year, with shortages expected to continue until 2028.

According to the Economic Daily, the shipment of optical CPO related equipment for joint packaging is increasing. Suppliers such as ZhiDe, GaoMingTie, and DongYouDa have stated that orders from Europe, America, and Asia are flooding in, with order visibility extending to the second quarter of next year, and they are simultaneously starting factory expansions. Customers' demand for high-precision motion platforms and automated optical coupling equipment is increasing, with a noticeable rise in clients from Southeast Asia, including Singapore and Malaysia, in addition to major manufacturers in Europe and America.ZhiDe stated that after receiving thousands of orders for international CPO equipment, they have recently made new gains and are negotiating cooperation on CPO alignment modules with domestic and major manufacturers in Europe and America, with overall orders initially looking at a thousand units. The company is expanding production in the Shugu Garden and Nanke Park in response to demand, expecting to launch new capacity in the fourth quarter and continue to ramp up production next year.GaoMingTie has been certified by the world's top ten optical communication brands and has secured orders for 800G and 1.6T optical module coupling alignment modules, with optical communication product revenue accounting for 79% in the first half of the year. The company has acquired about 60% equity in an optical and medical factory in Taichung, and after establishing a production assembly line, the estimated capacity can be expanded by more than double, with the Dongguan subsidiary expected to ramp up production after mid-next year. DongYouDa is collaborating with the Japanese company Junhe on CPO optical coupling equipment, with order visibility extending to the second quarter of next year, and has already initiated plans to establish factories in Vietnam, India, and Mexico, increasing capacity utilization from 70% by the end of 2025 to 80%.

The head of the U.S. Affairs Department of the Ministry of Commerce interprets the results of the eighth round of China-U.S. economic and trade consultations. In this round of consultations, both parties agreed to establish an artificial intelligence dialogue led by Vice Premier He Lifeng and Treasury Secretary Janet Yellen under the China-U.S. economic and trade consultation mechanism, and the first dialogue has already taken place, discussing the risks and benefits related to artificial intelligence.Both parties agreed to hold the next dialogue by the end of November this year. They also agreed to establish a communication channel for artificial intelligence incidents.

The co-founder of the on-chain perpetual contract platform Hyperliquid, Jeff, stated that after the next network upgrade, HIP-4 will increase the deployment limits. The maximum number of active HIP-4 results that a single deployer can run simultaneously will increase from 100 to 200, and the maximum number of results that a single deployer can deploy daily will also increase from 500 to 1000.Jeff added that this adjustment was made based on feedback from the community Builders. In addition, the funding rate cap will also be adjusted from 4% per hour to 0.5% per hour in the next upgrade.

Next week's macro data focus will be on Friday's U.S. non-farm payroll report, including non-farm employment population, unemployment rate, and average hourly wage, which are directly related to the Federal Reserve's interest rate path and are important employment data ahead of the October monetary policy meeting. According to Beijing time, on Wednesday at 20:15, the U.S. September ADP employment figures will be released, and at 20:30, the U.S. August core PCE price index year-on-year will be announced; on Thursday at 20:30, the number of initial jobless claims in the U.S. for the week ending September 26 will be released, and on Friday at 20:30, the U.S. September seasonally adjusted non-farm employment population and unemployment rate will be published.Regarding officials' speeches, on Thursday at 16:00, Bank of England Governor Bailey will speak, and at 21:30, European Central Bank President Lagarde will speak. Starting from early Wednesday, Federal Reserve officials will have a series of public activities; 2027 FOMC voting member and Chicago Fed President Goolsbee, along with 2028 FOMC voting member and St. Louis Fed President Bullard, will speak in succession, and FOMC permanent voting member and New York Fed President Williams will deliver a keynote speech at the University at Buffalo. On Thursday, Federal Reserve Governor Cook, Minneapolis Fed President Kashkari, and Richmond Fed President Barkin will speak in turn, and on Friday, Williams and Dallas Fed President Logan will still have public activities. In terms of U.S. stocks, Micron will release its earnings report after the market on Wednesday, and Nike will announce its latest quarterly earnings report on Thursday, with both companies corresponding to storage chips and consumer demand.

ViaBTC founder and CEO Yang Haibo stated: CoinEx is shutting down, but its hot wallet system is still relatively advanced and worth referencing in the industry. He introduced that CoinEx has implemented an MPC-based dual-signature scheme for its hot wallet to eliminate single points of failure.Yang Haibo mentioned that the relevant infrastructure is split into business systems and wallet systems, operated by completely independent teams, each holding one private key. Every withdrawal or transfer must be reviewed in real-time through substantial risk control by both parties, and even if one system is compromised, assets cannot be stolen.He added that the wallet signing process needs to be independently implemented and cannot rely on the native mechanisms of each node, which requires extensive reconstruction. The team spent over a year transforming the vast majority of nearly 300 chains supported by CoinEx one by one.

U.S. Treasury Secretary Steven Mnuchin stated that China and the United States have agreed to extend the trade truce agreement until January 10 of next year.Foreign Ministry spokesperson Geng Shuang suggested inquiring with the relevant Chinese authorities about the status of China-U.S. economic and trade consultations.

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.

According to Cointelegraph, the European Securities and Markets Authority (ESMA) will establish a new EU strategic regulatory priority themed around digital innovation starting in 2027, initially focusing on AI and tokenization.Regulatory authorities in EU member states will identify emerging areas of tokenization, documenting how businesses use or plan to use AI and tokenization technologies in products and processes that directly affect investors, and conducting preliminary checks on some of the most affected companies.ESMA stated that the risks that need to be prioritized include biased or misleading AI outputs, products that are difficult for investors to understand, and reliance on a few third-party service providers. This priority will be advanced in parallel with the regulatory priority for cyber and operational resilience that will be launched in 2025.

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.