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More →SK Hynix falls more than 2% in U.S. premarket trading.
CoinWorld news, SK Hynix fell more than 2% in pre-market trading in the U.S., now at $165.6.
"The Big Short" Burry turns to Nasdaq and semiconductor ETF put options, warning of a peak within 9 months.
According to CoinWorld news, "Big Short" Burry has shifted to bearish options on the Nasdaq and semiconductor ETFs, warning of a peak within nine months. Michael Burry, the investor who predicted the 2008 financial crisis by accurately identifying major flaws in the U.S. subprime mortgage market, has concentrated most of his bearish bets into put options on the Nasdaq 100 Index (NDX) and the VanEck Semiconductor ETF (SMH), expecting the market may peak within the next nine months.
The French National Assembly's Finance Committee rejects the budget bill; the crypto tax amendment's invalidation still awaits verification.
According to news from Bijie, the Finance Committee of the French National Assembly rejected the revenue section of the 2027 budget bill by a vote of 31 to 3, causing amendments such as the crypto asset exit tax and the taxation of stablecoin conversions to become invalid. The relevant proposals need to be resubmitted. The National Assembly will vote again on the budget revenue section on October 20 and will vote on the entire bill on November 17. Previously passed amendments included bringing the conversion of crypto assets into stablecoins into the scope of taxable activities, expanding the scope of application of the exit tax, and requiring the declaration of self-custodial wallets worth more than 100,000 euros at year-end, with a maximum fine of 10,000 euros for those who fail to declare.
Alibaba QwenGyre cuts reinforcement learning time for 2.4T model by 44%.
According to news from Bijie, QwenGyre, proposed by Alibaba's Qwen team, is a reinforcement learning framework specifically designed for AI agents handling ultra-long tasks. The framework addresses issues in traditional training systems related to GPU utilization and training data redundancy by dynamically switching GPU usage. The team validated it on Qwen3.8-2.4T and found that QwenGyre completed 48 steps of reinforcement learning under the same GPU budget in 75.42 hours, while the traditional asynchronous approach required 134.55 hours, reducing training time by about 44%. After training, the model's pass rate on the nl2repobench test for code repository generation increased from 52.48% to 58.54%.
ETH large holder account long-short ratio is 1.8082
CoinWorld data: The latest snapshot of ETHUSDT on the 4-hour timeframe shows that among the top 20% of holding accounts by margin balance, the long-short account ratio is 1.8082, with more net long accounts among large holders. Compared with the same-caliber snapshot 24 hours ago, it decreased by 0.3256; compared with the same-caliber snapshot 7 days ago, it increased by 0.4848.
Markets struggle as oil prices and bond yields rise
CoinWorld data: The market opened cautiously amid rising oil prices and bond yields, with Bitcoin trading just above $83,000 and gold around $4,180 per ounce, both down about 0.5%. Tech futures slipped slightly, while WTI crude oil edged higher, surpassing $92 per barrel. Bond yields are also rising, with bond prices falling, after long-term U.S. Treasury ETF TLT rose more than 2% following a brief rebound in the latter half of last week. The dollar remains firm, with the DXY index above 102.4. The key macroeconomic event this week is Wednesday's U.S. inflation report, with annual core inflation expected at 2.5% and headline inflation projected at 3.7%, which would mark a reacceleration from last month. IREN, which has transitioned from Bitcoin mining to AI infrastructure and signed a multi-year cloud services agreement with AI company Anthropic, saw its shares rise 4% in premarket trading.
ETH liquidation pressure: watch $2,439.71 to the downside and $2,816.52 to the upside.
CoinWorld data: ETH is currently priced at approximately $2,554.67. If the price falls by about 4.5% to around $2,439.71, some high-leverage long positions may face concentrated liquidations; if the price rises by about 10.25% to around $2,816.52, some high-leverage short positions may face concentrated liquidations. The liquidation zone below is currently closer to the spot price, meaning that if the price moves downward, long liquidation pressure may emerge earlier. Other notable zones: $2,414.16 and $2,171.47 below; $2,822.9 and $2,988.96 above. The above levels are estimated based on public market prices and changes in open interest, do not mean the price will necessarily reach them, and are not predictions of price direction. Compared with the same-caliber snapshot 24 hours ago, it is up 2.2%; compared with the same-caliber snapshot 7 days ago, it is down 5.95%.
The G20 Financial Stability Board releases a report on stablecoin risks.
According to Coindesk, the G20 Financial Stability Board has released a report warning that global stablecoins have not been stress-tested during market crises, and that regulatory frameworks across countries are developing at different speeds, exacerbating redemption and reserve risks. The report notes that the stablecoin market has grown from about $206 billion in early 2025 to $306 billion, with most dollar-pegged stablecoins being used for crypto investment and cross-border payments. The committee emphasized that under a multi-issuer model, affiliated companies hold reserve assets in different jurisdictions, and when facing a wave of redemptions, funds may be trapped in a single region, hindering emergency response. In addition, the report mentions the mismatch between 24-hour stablecoin trading and the business hours of underlying asset markets, as well as data gaps caused by the anonymity of crypto trading. The committee called for strengthened cross-border information sharing, monitoring, and crisis contingency planning.
Evercore ISI maintains a Buy rating on Robinhood, bullish on its crypto and tokenized asset potential.
Evercore ISI maintains a Buy rating on Robinhood, believing that its expansion in areas such as digital assets, prediction markets, and tokenized assets, as well as its user growth, have long-term development potential, and that the market currently underestimates Robinhood's growth potential.
BTC large holder account long-short ratio is 1.4004
CoinWorld data: The latest snapshot of BTCUSDT on the 4-hour timeframe shows that among the top 20% of accounts by margin balance, the long-short account ratio is 1.4004, with more net long accounts among large holders. Compared with the same-caliber snapshot 24 hours ago, it decreased by 0.1287; compared with the same-caliber snapshot 7 days ago, it increased by 0.3227.