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More →Copper prices rose during Asian morning trading.
Copper prices rose during Asian morning trading. ANZ Research analysts noted in a report that the base metals sector is being supported by gains in U.S. tech stocks and supply concerns. They added that, given the enormous demand for copper from data centers and power infrastructure, copper is one of the main beneficiaries of the AI investment boom. The analysts also pointed out that supply-side issues persist, including a decline in Chile's copper output in August.
Kuaishou's Kling AI is said to have selected CICC, Goldman Sachs, and UBS to provide underwriting services for its Hong Kong IPO.
KuaiShou's Kling AI is reported to have selected CICC, Goldman Sachs, and UBS to provide underwriting services for its Hong Kong IPO, planning to list in Hong Kong as early as next year and raise at least $1 billion.
Singapore-based data center operator DayOne (DODC.US) files for a U.S. listing, with valuation potentially reaching $20 billion.
According to CoinWorld news, Singapore-based data center operator DayOne (DODC.US) has applied for a U.S. listing, with its valuation potentially reaching $20 billion. Singapore-headquartered data center operator DayOne Data Centers submitted an F-1 registration statement to the U.S. Securities and Exchange Commission (SEC) on Monday, planning an initial public offering of American Depositary Shares (ADS) on the Nasdaq stock market under the ticker symbol "DODC." DayOne plans to use the IPO proceeds to develop and build new data center projects, as well as for working capital and other general corporate purposes. DayOne has not yet disclosed the size of the offering, though earlier reports said the company plans to raise up to $5 billion, with a potential valuation of up to $20 billion.
The long-short account ratio for ETH contracts is 2.5.
Bjie.com data: The ETHUSDT 4-hour long-short account ratio is 2.5, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.0182.
BTC liquidation pressure: watch $81,400 to the downside and $87,800 to the upside.
CoinWorld data: BTC is currently priced at around $85,600. If the price falls by about 5% to around $81,400, some high-leverage long positions may face concentrated liquidations; if the price rises by about 2.5% to around $87,800, some high-leverage short positions may face concentrated liquidations. The liquidation zone above is currently closer to the current price, meaning that if the price moves upward, short liquidation pressure may appear earlier. Other notable zones: $76,200 and $76,000 below; $88,000 and $101,500 above. These levels are estimated based on public market prices and changes in open interest, and do not mean the price will necessarily reach them, nor are they predictions of price direction. Compared with the same-caliber snapshot 24 hours ago, it is down 1.09%.
A newly created wallet withdrew 7,166 ZEC worth $9.67 million from Coinbase within 12 hours.
CoinWorld data: According to Lookonchain monitoring, a newly created wallet withdrew 7,166 ZEC from Coinbase over the past 12 hours, worth approximately $9.67 million at real-time prices.
Trump's red diesel discount struggles to lower diesel prices in most regions
According to CoinWorld news, analysts say Trump's red diesel discount is unlikely to lower diesel prices in most regions. Patrick De Haan of the data analytics firm GasBuddy said that Trump's executive order relaxing restrictions on the use of tax-exempt red diesel offers little help to most drivers. This is because most U.S. states still prohibit the use of red diesel for highway driving, and the tax may only be deferred rather than eliminated, while the move also does not add new diesel supply. Therefore, diesel futures and crack spreads should still be driven mainly by Middle East crude flows, low inventories, and emergency stock releases, rather than by tax policy. If the few states that allow the use of dyed diesel shift toward using it, this could intensify local shortages of non-road fuel during the harvest season, thereby increasing regional price pressure. In addition, the potential deferred tax bill could also discourage fleets from using dyed diesel, thereby limiting the shift in demand.
The daily snapshot of the total stablecoin market capitalization reported 314.376 billion USD.
CoinWorld data: The daily snapshot for 2026-10-06 shows that the total circulating market value of stablecoins within the statistical scope was 314.376 billion USD.
As data centers boom, tech companies are racing to snap up power.
As data centers boom, tech companies are racing to snap up power. According to people familiar with the matter, Google is nearing a multi-year agreement with Constellation that is expected to be worth $1 billion or more in total contract value and could be announced as early as this week. Amazon struck a similar deal with Constellation just last week to purchase 690 megawatts of power, including new capacity obtained by upgrading the Calvert Cliffs nuclear power plant in Maryland.
Hormuz crude flows are recovering, diesel remains in severe shortage.
According to news from Bijie, crude oil flows through the Strait of Hormuz are recovering, but diesel remains in severe shortage. According to the latest data from market intelligence firm Kpler, as of Saturday, the seven-day average daily transit volume of crude oil through the Strait of Hormuz was 10.3 million barrels, equivalent to 76% of the pre-war baseline level. However, shipments of refined products such as gasoline and diesel amounted to only 1.3 million barrels per day, accounting for just 11% of total transport volume, with the rest being unrefined crude oil. Before the war broke out, refined products typically accounted for more than 20% of the oil cargo transported through the strait. People familiar with the matter said U.S. oil industry executives have been advocating that the U.S. Navy should give higher priority to escorting tankers carrying petroleum products such as diesel, rather than tankers carrying crude oil, because the price of crude oil is about half that of diesel. So far, most of the ships escorted by the United States through the strait have been so-called very large crude carriers (VLCCs), which can transport about 2 million barrels of crude oil. That is twice the capacity of the largest class of refined product tankers.