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), US stocks opened with the Dow Jones Industrial Average down 0.1%, the S&P 500 index up 0.07%, and the Nasdaq up 0.1%. Leading tech stocks were mixed: Intel (INTC.O) fell 2.8%. A report noted that Taiwan Semiconductor Manufacturing Co. (TSMC, TSM.N) is in discussions with Elon Musk’s Terafab over a potential collaboration. TSMC gained 1.1%, while Nvidia (NVDA.O) rose 0.6%. In the storage sector, Seagate (STX) climbed 4.64% and Western Digital (WDC) advanced 6.17%.

According to data from BIT (bit.com), the three major U.S. stock indexes opened mixed: the Dow Jones Industrial Average fell 0.1%, the S&P 500 rose 0.07%, and the Nasdaq gained 0.1%. By sector: Optical modules: COHR down 0.68%, LITE up 2.47%, AAOI up 2.12%, NOK down 1.49%, MRVL down 0.48%. Storage: STX up 5.21%, Western Digital up 7.38%, SanDisk up 0.64%, Micron down 0.74%. Crypto-related stocks: SBET up 2.35%, BMNR up 1.6%, GEMI up 2.57%, BLSH up 1.52%, CRCL up 1.78%, MSTR up 1.94%, COIN up 2.09%.

According to official announcements, Nasdaq-listed Solana treasury firm DeFi Development (DFDV) disclosed that it added approximately 26,203 SOL tokens to its holdings last week, lifting its total position to around 2.5642 million SOL tokens, valued at roughly $302 million.

Coin Center published an article stating that the U.S. Department of the Treasury is scrapping two long-pending cryptocurrency rules: proposed regulations from the Financial Crimes Enforcement Network (FinCEN) targeting so-called "unhosted wallets" and crypto mixing services. The think tank noted that both rules threatened to drastically expand financial surveillance of cryptocurrency users, and crypto advocates had repeatedly urged the Treasury to abandon the proposals. The withdrawal marks a major victory for financial privacy and the principle that Americans should be able to use cryptocurrencies directly without undue government oversight. Founded in 2014 by Jerry Brito and Robin Weisman in Washington, D.C., Coin Center is one of the earliest crypto policy think tanks in the U.S. capital. Its mission is to defend individuals’ right to freely build and use open cryptocurrency networks—including the right to write and run code, form peer-to-peer networks, and conduct all such activities privately.

According to Onchainlens monitoring, GSR has just transferred 303,010 LINK tokens (valued at $4.29 million) to Binance after receiving the tokens from a Gnosis Safe. Two days ago, the same wallet transferred 275,000 LINK tokens (worth $3.96 million) to Binance. In total, 578,010 LINK tokens (approximately $8.25 million) have been transferred to Binance over the past two days.

According to official announcements, Binance has launched its AI product suite Binance Intelligence, comprising three offerings: Binance AI, a free tool accessible to all users; Binance AI Pro, which converts natural language into executable trading strategies; and Binance Agent OS, a platform enabling developers to build AI applications. Binance AI integrates charts, news, social media, on-chain data, and research tools. It dynamically adapts its interface based on users’ knowledge level, interests, and activity through a generative UI, and offers features including market briefings, smart tooltips, and Master Trade. The product will be rolled out gradually starting October 5.