Tom Lee: Robinhood chose Ethereum as its infrastructure, citing its security and liquidity.

Serenity noted that while the AI infrastructure and Neocloud sectors declined overall, Nebius (NBIS) bucked the trend to rise by roughly 6%—a relative strength that stands out sharply. Oracle issued a force majeure notice over its large Project Jupiter data center in New Mexico, which may miss its 2028 opening target, in an effort to fend off rising cost risks. This underscores how full-stack delivery and large-scale project execution risks are weighing on the sector, while NBIS has relatively avoided such troubles. Serenity further pointed out that even if its core business continues to surge after 2027, the market may still be underestimating the growth potential of Nebius’s various business segments. Nebius is the "purest and most asymmetric Neocloud play", with none of the full-stack execution uncertainties seen in IREN or ORCL, no high-interest debt pressure like CRWV or APLD, and none of the unstable large-client contract issues plaguing some mining firms that have transitioned to cloud services.

According to HTX market data, Backpack’s platform token BP has surged to nearly $1, trading at $0.96 as of press time, with a 24-hour increase of 19.8%. On the news front, BP has been recently driven by positive momentum from the SEC’s approval of limited tokenized stock trading on on-chain platforms. On July 10 this year, Backpack announced the launch of a 24/7 real US stock trading market for international investors, allowing eligible users to trade and hold actual US stocks around the clock rather than synthetic derivatives. Backpack stated that the platform offers actual equity ownership, leverages liquidity from traditional trading platforms, and supports instant settlement, continuous price discovery, as well as fiat and stablecoin settlements. For more information, see the report titled "Why Did BP Suddenly Rise? Backpack Is Gaining a New Valuation Logic".

According to Bitget's market data, both WTI and Brent crude oil have continued to rise, with each gaining over 3% intraday, trading at $94.88 per barrel and $101.78 per barrel respectively.

According to TradingBeats' monitoring, crypto figure "Big Brother Ma Ji" (Huang Lichang) has reduced his long positions in Bitcoin and Ethereum, with his account incurring a $1.42 million loss in the past 24 hours. His current positions are as follows: Ethereum (ETH) long positions worth approximately $96.47 million, with an unrealized loss of around $50,000, entry price of $2,658.94, and liquidation price of $2,549.76; HYPE long positions worth about $19.72 million, with an unrealized loss of roughly $330,000, entry price of $93.25, and liquidation price of $72.96; Bitcoin (BTC) long positions worth approximately $16.72 million, with an unrealized loss of around $20,000, entry price of $83,693.60, and liquidation price of $64,174.98.

According to Bitget market data, WTI crude oil's intraday gain has expanded to 2.00%, currently trading at $93.96 per barrel.

2026 Federal Open Market Committee (FOMC) voting member and Philadelphia Federal Reserve President Paulson said the September inflation report prompted interest rate hikes, AI development has fueled persistent inflation, and he backs the policy path of lowering inflation to the 2% target. The Federal Reserve may need to implement another interest rate hike to bring inflation down. As for inflation, the best that can be noted is that it has not worsened further.