Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

According to monitoring by TradingBeats (formerly Hyperinsight), the address linked to crypto figure "Brother Ma Ji" (Huang Licheng) continued adding to long positions over the past hour, with total long open volume reaching approximately $4.99 million. The additions include ~900 ETH (worth ~$2.256 million), ~14 BTC (worth ~$1.115 million), ~8,000 HYPE (worth ~$660,000), and ~200 million PUMP (worth ~$957,000). Currently, the address holds: a 25x leveraged ETH long position on Hyperliquid totaling ~25,400 ETH (valued at ~$63.53 million) with an unrealized profit of ~$1.06 million; a 40x leveraged BTC long position totaling ~469 BTC (valued at ~$37.3 million) with an unrealized profit of ~$185,000; a 10x leveraged HYPE long position totaling ~180,000 HYPE (valued at ~$14.78 million) with an unrealized profit of ~$194,000; plus a 10x leveraged PUMP long position totaling ~200 million PUMP. Additionally, per TradingBeats’ daily profit leaderboard, Brother Ma Ji currently ranks first, with a daily net unrealized profit of approximately $3.4037 million.

Federal Reserve's Schmid says midterm elections will not affect the Fed's October meeting decisions, and interest rates have not curbed the U.S. economy. (Golden Ten)

According to data from BIT (bit.com), U.S. pre-market trading saw broad gains in optical module and storage stocks, as follows: Lumentum (LITE) rose 3.15% pre-market to $968.600; Coherent (COHR) rose 4.35% pre-market to $307.183; Applied Optoelectronics (AAOI) rose 5.40% pre-market to $119.900; Nokia (NOK) rose 2.79% pre-market to $10.700; Marvell Technology (MRVL) rose 4.95% pre-market to $257.250. Western Digital (WDC) rose 4.72% pre-market to $491.000; Seagate Technology (STX) rose 4.68% pre-market to $886.010; SanDisk (SNDK) rose 4.95% pre-market to $1575.630; Micron Technology (MU) rose 4.46% pre-market to $980.246.

Japanese crypto asset service provider Coincheck announced it completed registration as an electronic payment and transaction services provider on August 27, 2026, becoming the second company in Japan to obtain this type of stablecoin-related license. Coincheck stated that it will build on its prior partnership with U.S.-based Circle to expand use cases for USDC in Japan, and gradually roll out stablecoin and on-chain financial businesses. The company noted that stablecoins, which offer price stability pegged to fiat currencies, enable all-weather, fast, and low-cost transfers and payments.

CryptoQuant founder Ki Young Ju stated in a post that the peak of this bull cycle is likely driven by institutional funds and ETFs outside the United States. Currently, South Korea has not launched a spot Bitcoin ETF; retail investors cannot purchase related overseas ETFs, and enterprises cannot even open trading platform accounts to buy BTC. Ki Young Ju pointed out that the market was previously dominated by U.S. adoption of Bitcoin, but the next phase will shift toward global institutionalization, alongside deeper stablecoin liquidity and real-world asset (RWA) infrastructure. More institutions will hold BTC as a strategic asset, while multiple countries that have not yet rolled out ETFs will gradually improve relevant investment channels. The peak of this cycle may occur when a banker at a local South Korean bank recommends a spot Bitcoin ETF to an elderly grandmother, advising her to use it for savings.

Arga Labs, a Y Combinator-backed startup with just four employees, has secured a $10 million seed funding round led by General Catalyst, with participation from BoxGroup, Emergence, Gradient, and SV Angel, according to Beating AI Express. The company specializes in building isolated test sandboxes for AI agents, replicating platforms such as Slack, GitHub, Salesforce, and Stripe to enable agents to run repeated operations before deployment. Traditional testing methods typically only fake API responses, missing many edge cases, while Arga replicates full software states, account permissions, webhooks, and error conditions. For example, sales agents can test on sandboxed Salesforce and HubSpot to identify duplicate contacts and avoid sending redundant emails. Arga currently supports over 30 software platforms. The firm notes it can replicate a SaaS backend in under 12 hours, and clients have launched more than 100,000 test environments in the past 16 weeks, with teams including Slash, Monaco, and Y Combinator utilizing its service. The new funding will be directed toward automated environment creation, as Arga develops a next-generation system to reduce SaaS replication time from hours to minutes. Its ultimate goal is to allow agents to discover new APIs, with the system automatically generating corresponding test environments for trial runs before agents access production systems.