U.S. CFTC Acting Chairman: Enforcement Division Restructured, Refocused on Combating Fraud

Tomorrow marks the quarterly settlement of crypto options. Data from Deribit shows that crypto options with a total notional value of $17 billion will expire, broken down as follows: · Bitcoin (BTC) options have a notional value of $14.9 billion, a put/call ratio of 0.76, and a max pain point of $78,000; · Ethereum (ETH) options carry a notional value of $2.1 billion, a put/call ratio of 0.63, and a max pain point of $2,300.

Beating AI Express News: The Information cited two people with direct knowledge that DeepSeek’s annual revenue has reached approximately $1 billion. Just a few months ago, this figure was less than $500 million, meaning it nearly doubled in a short period. Revenue mainly comes from model APIs; its free chat app still has no ad or subscription income. Part of this growth stems from price hikes. DeepSeek previously significantly raised prices for some APIs, with increases ranging from 2.3 to 4.5 times across different models and time periods. Liang Wenfeng recently told investors that the number of clients did not drop after the price hikes, and demand remains strong. Previously disclosed financial data shows that DeepSeek’s API business achieved a gross profit margin of 82.9% in the first seven months of this year. DeepSeek is also advancing its second round of financing, planning to raise approximately 50 billion yuan, with a valuation of around 500 billion yuan. This plan was previously reported, and the latest update is that the company hopes to complete the financing by the end of October. DeepSeek is also preparing for an IPO on the Shanghai Stock Exchange’s STAR Market. However, the company currently still allocates most of its computing power to model training. Liang Wenfeng said that over 70% of computing power is used for training new models, with less than 30% reserved for inference. DeepSeek is also trying to run more small models directly on gaming graphics cards, while keeping high-end chips for training.

According to Israel’s Channel 12, U.S. negotiators in indirect talks held on the sidelines of the UN General Assembly in New York rejected Iran’s proposal to reopen the Strait of Hormuz, telling Tehran that Iran does not control the waterway and questioning its legitimacy to put forward such a proposal. Channel 12 further detailed the talks, stating that U.S. envoys Steve Witkoff and Jared Kushner were in one room while Iranian Foreign Minister Abbas Araghzi was in another, with messages passed between the two sides via Qatari mediators. Citing sources familiar with the matter, Channel 12 reported that more indirect talks could be held before the UNGA closes, though mediators are awaiting a decision from Trump on whether to continue the process or pursue other avenues. (Jinshi)

Total transaction volume on #Tron has officially surpassed $30 trillion, with over $30 billion in daily volume.

Total transaction volume on #Tron has officially surpassed $30 trillion, with over $30 billion in daily volume.

Per Arkham monitoring, over the past 24 hours, two addresses tagged by Arkham as linked to Morgan Stanley’s MSBT Bitcoin ETF withdrew roughly 1,146.118 BTC in two transactions from Coinbase Prime, valued at ~$96.4 million. Since the start of this month, the fund’s associated addresses have cumulatively received ~1,802.57 BTC, worth ~$148 million. Key address: bc1q5303sd397ev0l67w7jyfug7xs3xgqs6ccayh0a