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25 minutes ago

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CLARITY Act Failure Blamed on Bank Lobbyists, Not Brian Armstrong

A key participant in CLARITY Act negotiations has pushed back against claims that Coinbase CEO Brian Armstrong was responsible for the bill's failure, attributing the outcome instead to entrenched opposition from bank industry lobbyists. The individual stated they witnessed Armstrong working daily to build consensus and forge compromises across the crypto industry throughout the legislative process. The account describes spending days in direct negotiations opposite banking lobbyists who were explicitly tasked with defeating any cryptocurrency legislation regardless of its terms. This firsthand perspective directly contradicts narratives placing blame on Armstrong, characterizing such accusations as unfounded given the documented intensity of traditional finance sector opposition to the measure.
1 hour ago

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Cody Carbone: Crypto Regulation Could Become Permanent Without Congressional Legislation

Cody Carbone expressed complete confidence in Paul Atkins and Mike Selig, outlining a pathway for cryptocurrency regulation to become permanent without Congress passing new legislation. Carbone indicated that regulatory frameworks could be established through administrative channels rather than traditional legislative processes. The comments suggest that key appointees may have sufficient authority to implement lasting crypto policy independently of congressional action. This approach could potentially accelerate regulatory clarity while bypassing the often lengthy and uncertain legislative process.
2 hours ago

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US 10-Year Term Premium Rises Sharply Against Chinese Yields Amid Divergence Debate

The US 10-year term premium is rising significantly against Chinese 10-year government bond yields, creating a historic divergence that has persisted since 2011. This widening gap challenges prevailing market consensus regarding both de-dollarization trends and deflationary pressures within the Chinese economy. Market observers are questioning the underlying drivers of this move, noting that standard narratives fail to explain why US term premiums are increasing if de-dollarization is absent and China remains in deflation. The discrepancy suggests potential structural shifts in global fixed income markets that current macroeconomic models may not fully capture.
2 hours ago

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Nous Research Hermes Agent Automates Skill Discovery for Workflow Optimization

Nous Research has introduced a productivity use case for its Hermes agent that automates the discovery of relevant agentic skills from its complete catalog. Users can instruct the agent to scan the available skill repository and identify 5-10 capabilities specifically aligned with their existing workflows, eliminating the need for manual browsing. The agent delivers a summarized report of top recommendations for user review and manual approval prior to installation. Once approved and installed, these skills can be further modified by the agent to match exact user requirements, streamlining the integration of AI tools into daily operations.
4 hours ago

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China Cuts US Treasury Holdings to 18-Year Low of $618 Billion

China has reduced its US Treasury holdings to $618 billion, marking an 18-year low as the nation continues a decade-long divestment from American debt. Holdings have fallen sharply from approximately $1.3 trillion in the early 2010s, with the pace of selling accelerating after 2022 amid growing concerns over reliance on US assets. The shift in foreign government demand is reshaping the Treasury market, as hedge funds and private investors increasingly absorb the supply. This weakening official demand has contributed to rising yields, with the 30-year Treasury rate recently hitting a nearly 20-year high and increasing borrowing costs for the US government.
4 hours ago

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Wall Street Projects U.S. Short-Term Treasury Issuance to Hit $1 Trillion

Wall Street banks project the United States will borrow approximately $1 trillion through short-term Treasury bill issuance over the coming year to meet rising government financing needs. Bank of America forecasts $1.07 trillion in new debt for the fiscal year ending September 2027, while JPMorgan estimates $1.09 trillion and Goldman Sachs projects $961 billion. This shift toward short-term borrowing occurs as long-term U.S. borrowing costs have reached their highest levels since 2007. Outstanding short-term Treasury bills are expected to rise to roughly $8 trillion by next September, representing about 24.3% of marketable Treasuries, according to Bank of America and Goldman Sachs. This ratio approaches pandemic-era peaks and exceeds the Treasury Borrowing Advisory Committee’s long-term recommendation of 20%. While increasing short-term issuance helps reduce current financing costs, analysts warn it raises future refinancing risk and could lead to more volatile interest expenses. Demand is currently supported by Federal Reserve purchases and money market funds holding approximately $8 trillion in assets.
4 hours ago

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Delphi Ventures: DeepSeek R1 Innovation Drives Push for AI Regulatory Moat

Delphi Ventures analyst Shaughnessy argues that the DeepSeek R1 paper demonstrates genuine innovation, challenging the prevailing narrative that Chinese AI development relies solely on distilling U.S. models. The assessment suggests China's open-source AI capabilities have reached a level of technical sophistication that warrants independent recognition. This competitive pressure from low-cost Chinese open-source models is identified as a primary driver behind OpenAI and Anthropic's pursuit of regulatory frameworks. The analysis posits that established AI labs are seeking regulatory moats specifically to counter the market disruption posed by these emerging alternatives.
5 hours ago

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China-US Economic and Trade Consultations Begin in New York

Economic and trade teams from China and the United States commenced consultations in New York on the morning of September 20 local time. The talks mark a renewed engagement between the two nations on bilateral economic and trade matters. The discussions are being held as both sides seek to address ongoing trade relations and economic cooperation frameworks. No specific agenda items or expected outcomes have been disclosed at this stage.
5 hours ago

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ZetaChain Proposal 68 Passes with 99.4% Support for Solana Migration

ZetaChain governance proposal 68 has passed with overwhelming support, securing 99.4% approval and a 58% participation rate that exceeded the 40% quorum requirement. The approved measure initiates the migration of ZETA tokens to Solana-native SPL tokens on a 1:1 basis while maintaining the current total supply. Specific implementation details, including the snapshot height, claim process, and L1 shutdown timeline, remain pending and will be determined by a subsequent proposal. Anuma, a private AI application serving over 300,000 users, will also migrate to Solana concurrently as part of this transition.

SOL -0.79% ZETA -2.99%
5 hours ago

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Senator Lummis: CLARITY Act Mandated Audits for Crypto Projects Raising Over $25M Before Failing Senate Vote

US Senator Cynthia Lummis stated that the CLARITY Act included a requirement for crypto projects raising more than $25 million from the public to provide audited financial statements. Lummis noted that Democrats had previously supported this audit mandate within the legislation but ultimately voted against advancing the bill. The Senate held a procedural vote on September 15 to advance the CLARITY Act, which failed to pass. The defeated measure would have established mandatory financial audits as a condition for significant public fundraising in the cryptocurrency sector.
5 hours ago

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Phemex Crypto Market Daily: Fed Hike Hits Crypto: BTC Drops, AVAX Surges 13% (Sep 20)

Key Takeaways:
1. Macro Environment The Fed raised rates to 3.75%-4.00% amid persistent energy inflation, tightening global liquidity and pressuring risk assets. China kept LPR unchanged at 3.0% for sixteen months, stabilizing Asian liquidity expectations. Brent crude remains above $100 per barrel due to Middle East tensions, sustaining synchronized central bank tightening cycles. 2. Crypto Market Crypto markets declined as BTC fell 1.22% to $80,510 and ETH dropped 2.46% to $2,577 following the Fed rate hike. Altcoins diverged sharply with AVAX surging 13.44% on ICE tokenization integration and ZAMA gaining 10.16% on FHE vault expansion. UNI, XRP, and SOL underperformed with losses exceeding 3% amid broader risk-off sentiment. 3. Today's Outlook Moonbeam and Celestia execute cliff unlocks today totaling over $406 million in newly circulating supply. Canton continues weekly token releases worth approximately $15.7 million affecting float dynamics. Market participants should monitor sell pressure from these scheduled vesting events amid tight macro conditions.

AVAX +15.36% BNB +0.84% BTC -0.10% ENA +9.16% ETH -0.06%
5 hours ago

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Fed's Kashkari: Strong Investment Demand Pushing Interest Rates Higher

Federal Reserve Bank of Minneapolis President Neel Kashkari stated that robust investment demand is exerting upward pressure on interest rates. He emphasized that the Fed remains focused on returning inflation to its 2% target, noting that price levels remain too high beyond just oil-related factors. Kashkari indicated that achieving the inflation goal requires support from other government sectors and the real economy. His comments highlight ongoing monetary policy challenges as strong economic activity continues to influence rate dynamics.
6 hours ago

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Treasury Secretary Bessent Dismisses Capital Flight Concerns, Cites Strong Foreign Demand

US Treasury Secretary Bessent rejected claims of capital flight from the United States, pointing to sustained foreign investor demand and active Treasury auctions as evidence of continued confidence. He noted that the US dollar accounts for 89.2% of global foreign exchange transactions and emphasized that overseas investors maintain significant holdings in US assets. Bessent highlighted expanding domestic economic fundamentals, including ongoing employment growth and rising corporate investment. Equipment investment in Q2 2026 increased nearly 20% compared to levels at the end of the Biden administration. He clarified that Treasury buyback operations are designed to enhance market liquidity and optimize debt maturity structure rather than intervene directly in the $30 trillion Treasury market.
6 hours ago

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Saudi Arabia Exits mBridge Project as CIPS Volume Growth Continues

Saudi Arabia has withdrawn from the mBridge central bank digital currency project, marking the ninth significant headline event in the ongoing development of cross-border payment infrastructure. Despite this departure, the underlying trend in Cross-Border Interbank Payment System (CIPS) volume growth remains unaffected. The exit adds to a series of eight previous developments that have similarly failed to alter the established trajectory of CIPS expansion. Market data indicates that the clear and obvious growth trend in CIPS transaction volumes persists regardless of individual participant changes in alternative payment initiatives.
6 hours ago

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Trump Removes 'Supreme Intelligence' From AI Renaming Poll Over Supreme Court Association

Trump announced on Truth Social that the "Supreme Intelligence" option has been removed from his AI renaming poll due to its association with the Supreme Court and poor performance against other choices. The remaining options for voters are now "Superior Intelligence" and "Extreme Intelligence." The adjustment follows Trump's earlier assertion that the term "artificial intelligence" is inaccurate. He originally proposed three alternatives but has narrowed the field to two finalists after determining that the Supreme Court linkage was negatively impacting the "Supreme Intelligence" option in voting results.
6 hours ago

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Vitalik Buterin to Deliver Keynote at ETHShanghai 2026 on Ethereum as AI Infrastructure

Ethereum co-founder Vitalik Buterin will deliver an online keynote address titled "Ethereum as Infrastructure, CROPS as the Goal" at ETHShanghai 2026 on September 22. The speech will expand on his vision of blockchain serving as a privacy infrastructure layer for the AI agent era, examining how decentralized systems can counterbalance increasing centralization in artificial intelligence development. The conference, themed "Ethereum's Renaissance," will cover key topics including Ethereum development, AI and Web3 integration, decentralization, prediction markets, stablecoins, and tokenized U.S. stocks. ETHShanghai 2026 is co-hosted by ETHPanda, PANews, and The Excited Few, with support from Wanxiang Blockchain Labs, GCC, and ETH HK Hub. Registration for the event is currently open.
7 hours ago

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Alibaba Open-Sources Qwen-Image-2.1 Model Unifying Generation and Editing

Alibaba's Qwen team has open-sourced Qwen-Image-2.1, a 7-billion parameter visual model that integrates text-to-image generation and image editing into a single architecture. The release combines both capabilities natively, streamlining workflows for creators and developers working with AI-generated visuals. The model supports transparent image generation and editing, accepts up to 10 reference images for multi-image composition, and enables local editing through selection and inpainting tools. It also delivers enhanced fidelity for portrait and product editing alongside improved text layout rendering.
7 hours ago

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3-Step Roadmap for Building an AI Consulting Business Outlined

A new three-step playbook for launching an AI consulting business has been distilled from insights gathered from active industry practitioners. The framework outlines a linear progression focused on practical execution rather than theoretical planning, targeting entrepreneurs entering the artificial intelligence services sector. The roadmap follows a "Get Clients → Fulfill → Scale" sequence, emphasizing initial client acquisition before moving to service delivery and eventual expansion from low-ticket to high-ticket offerings. This approach prioritizes immediate revenue generation and validated market demand as the foundation for sustainable growth in the AI consulting space.
8 hours ago

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GMGN Transfers $17.34 Million in Fee Revenue to Pionex Exchange

Meme trading platform GMGN has transferred 23,550 BNB, valued at approximately $17.34 million, to Pionex exchange over the past week. The transaction represents fee revenue generated by the platform during this seven-day period. The significant transfer highlights the substantial trading volume and fee generation occurring on GMGN amid continued activity in the meme coin sector. The movement of funds to Pionex suggests active treasury management or liquidity operations by the platform.
8 hours ago

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Citadel Miami HQ Construction Halted After Equipment Collapse Injures Four

Construction on Citadel's new headquarters in Brickell, Miami, has been ordered to stop following an equipment collapse at the site last week. At least four people sustained minor injuries and were transported to a hospital as a result of the accident. The halted project is a multi-billion-dollar tower planned for the area by Citadel, the hedge fund founded by billionaire Ken Griffin. The firm operates independently from its affiliated market maker, Citadel Securities.

CLARITY Act Failure Blamed on Bank Lobbyists, Not Brian Armstrong

Cody Carbone: Crypto Regulation Could Become Permanent Without Congressional Legislation

US 10-Year Term Premium Rises Sharply Against Chinese Yields Amid Divergence Debate

Nous Research Hermes Agent Automates Skill Discovery for Workflow Optimization

China Cuts US Treasury Holdings to 18-Year Low of $618 Billion

Wall Street Projects U.S. Short-Term Treasury Issuance to Hit $1 Trillion

Delphi Ventures: DeepSeek R1 Innovation Drives Push for AI Regulatory Moat

China-US Economic and Trade Consultations Begin in New York

ZetaChain Proposal 68 Passes with 99.4% Support for Solana Migration

Senator Lummis: CLARITY Act Mandated Audits for Crypto Projects Raising Over $25M Before Failing Senate Vote

Phemex Crypto Market Daily: Fed Hike Hits Crypto: BTC Drops, AVAX Surges 13% (Sep 20)

Fed's Kashkari: Strong Investment Demand Pushing Interest Rates Higher

Treasury Secretary Bessent Dismisses Capital Flight Concerns, Cites Strong Foreign Demand

Saudi Arabia Exits mBridge Project as CIPS Volume Growth Continues

Trump Removes 'Supreme Intelligence' From AI Renaming Poll Over Supreme Court Association

Vitalik Buterin to Deliver Keynote at ETHShanghai 2026 on Ethereum as AI Infrastructure

Alibaba Open-Sources Qwen-Image-2.1 Model Unifying Generation and Editing

3-Step Roadmap for Building an AI Consulting Business Outlined

GMGN Transfers $17.34 Million in Fee Revenue to Pionex Exchange

Citadel Miami HQ Construction Halted After Equipment Collapse Injures Four