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

According to market data from BIT (bit.com), most cryptocurrency-related stocks rose at the opening of the US stock market. Notable gainers include: Block (XYZ) up 3.66%, Gemini (GEMI) up 2.88%, Robinhood (HOOD) up 2.77%, American Bitcoin (ABTC) up 1.81%, Bullish (BLSH) up 0.91%, Coinbase (COIN) up 0.49%, and Riot Platforms (RIOT) up 0.39%.

Bitwise announces the launch of the Bitwise Premium RWA Vault (PAPY) on Morpho, in partnership with Agora’s stablecoin AUSD. Users can deposit AUSD into PAPY, which deploys funds via programmatic lending strategies, collateralized by over-collateralized tokenized RWAs to generate on-chain lending yields. PAPY’s collateral assets include PST from Huma Finance, intended for short-term cross-border payment financing for institutions; sUSDai from USDai, backed by AI computing power-related GPU loans; and PRIME, a tokenized claim on high-quality residential equity developed by HastraFi in collaboration with Figure. AUSD is fully reserve-backed by liquid assets including short-term U.S. Treasuries, overnight deposits, and reverse repurchase agreements. Bitwise is responsible for screening eligible collateral for PAPY and setting programmatic risk parameters. The vault is now officially live on Morpho.

Beating AI News reports that Max For AI stated the Thai government officially launched its national AI platform TH-AI Passport on August 31, offering free access to Thai citizens aged 15 and above with a planned coverage of at least 5 million people. Less than two weeks after opening for pre-registration, the project has garnered over 1.3 million sign-ups. Currently, TH-AI Passport integrates 33 models from 15 vendors, including GPT-5.6 Sol, Claude Opus 5, Gemini 3.1 Pro, Grok 4.3, DeepSeek-V3.2, Kimi K2.7, and GLM-5.2, alongside image and video models such as Veo, Seedance, Nano Banana, and GPT Image. The platform uses a "Learn for Credits" mechanism: users complete courses and tasks from institutions like OpenAI, Microsoft, and Google, and upon accumulating 100 points, they upgrade to Creator level, earning 10,000 daily points that can be used for roughly 20 to 50 chat, programming, and inference sessions, plus generating images, videos, music, and accessing Deep Research. Max For AI considers this project likely one of the largest national AI popularization experiments to date.

According to GMGN market data, the meme coin FAMI on the Robinhood chain briefly surpassed $18 million in market cap within five hours of its launch, and is currently trading at $13.16 million with a trading volume of $19.1 million. The token’s name directly corresponds to Farmmi, Inc. (NASDAQ ticker: FAMI), a NASDAQ-listed firm, and falls under the category of "stock-themed" meme coins prevalent on the Robinhood chain. BlockBeats reminds users that related tokens exhibit high price volatility, so investors should exercise caution.

According to three sources familiar with the matter, OPEC+ may maintain its October oil production policy at its Sunday meeting. The oil-producing group will complete the first phase of its production cut rollback this month and shift its focus to 2027 quota negotiations. (Jinshi)

Prediction market platform Kalshi is preparing to file an application with US regulators to launch WTI crude oil perpetual futures, with approval potentially sought as early as next week. The proposed contract would trade 24 hours a day, 5 days a week, with no expiration date, allowing traders to hold leveraged positions continuously without regular rollovers. If approved by the US Commodity Futures Trading Commission (CFTC), Kalshi would likely launch the first crude oil-linked perpetual futures product on a regulated US platform. This move is part of Kalshi’s expansion from prediction markets and crypto assets into traditional assets, with plans to cover markets including metals, equities, foreign exchange, and interest rates.