Total stablecoin holders exceed 300 million, with BNB Chain adding nearly 13 million new holders in the third quarter to rank first.

Binance Alpha announces that Talus Network (US) is now listed on its platform. Users holding at least 246 Binance Alpha points are eligible to participate in the airdrop on a first-come, first-served basis, with a total reward pool of 2,280 US tokens. If the reward pool is not fully distributed, the point threshold will automatically decrease by 5 points every 5 minutes. Note that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm and claim their rewards on the Alpha event page within 24 hours; failure to do so will result in forfeiture of the airdrop.

Morgan Stanley’s latest report projects U.S. data centers will face a roughly 34% net power gap between 2026 and 2028, equivalent to 32 gigawatts (GW). The power bottleneck is expected to shift from “chip shortages” to “power shortages,” initially hitting downstream segments of the supply chain including Application-Specific Integrated Circuits (ASICs), storage, optical modules, power management ICs (PMICs) and analog chips. The report notes that NVIDIA and Broadcom, due to their high visibility into the final deployment locations of their chips and global footprints that reduce reliance on the U.S. single market, will not face material impacts to their 2027 earnings forecasts for now. In contrast, ASICs are more sensitive to power resources, while products like storage, optics and power management components are more vulnerable to delays in data center projects, facing risks of order postponements, cancellations and inventory adjustments. Morgan Stanley points out that Oracle’s 1.3GW Project Lighthouse in Wisconsin has become a real-world example of this risk: the project’s full-power supply could be delayed as early as October 2028, and in a pessimistic scenario, it could even be pushed to spring 2029. Even if AI servers are already racked, they cannot be converted into actual computing power and revenue without sufficient power. The report forecasts that under the baseline scenario, the U.S. will add about 19GW of gas turbine and engine capacity between 2026 and 2028, Bloom Energy’s fuel cells will contribute around 6GW, and nuclear power and crypto mining retrofits can also provide supplementary power, but the total is still insufficient to fill the power gap. Meanwhile, overseas expansion is constrained by factors such as approvals and geopolitics, making it difficult to shift demand quickly.

Singapore sovereign wealth fund Temasek’s Chief Investment Officer Rohit Sipahimalani has identified two major risks facing global markets by 2027: a reversal in the AI trade, and persistent inflation driving further increases in interest rates and bond yields that would ultimately trigger a repricing of stock markets. He called “a reversal in the AI trade the biggest risk,” but noted he does not currently believe this risk is imminent. As of the end of March 2026, Temasek’s net portfolio value reached S$518 billion (roughly US$405 billion), and the fund plans to raise its AI-related investment allocation from the current ~6% to a maximum of 15% by 2031. However, Sipahimalani said Temasek is boosting the liquidity of its AI investments, with plans to lift the share of public market assets in its AI exposure from around 50% to 70-75% to enable more flexible position adjustments amid the fast-evolving sector. He also warned that if inflation persists and pushes interest rates and long-term bond yields higher, this could exert dual pressure on high-valuation stocks and capital-intensive AI projects. Temasek has not altered its long-term bullish stance on AI, but is mitigating potential market repricing risks by increasing holdings of public market assets and improving liquidity.

The Central Bank of Russia announced it has registered the first batch of authorized cryptocurrency trading platform operators and digital asset custodians under new crypto regulations that took effect on September 1, including 4 trading platform operators and 5 custodians. Russia’s largest bank Sberbank is on the custodian list, while VTB Bank appears on both lists. Sberbank stated it has applied for digital asset custodian qualification and plans to launch its first crypto products on December 1, initially supporting Bitcoin (BTC), Ethereum (ETH), and USDT. Users will access the services via existing platforms such as SberBank Online, SberInvestments, and SberBusiness. The registration follows Russian President Vladimir Putin signing the crypto regulation bill in August; the legislation establishes a regulatory framework covering trading platforms, custodians, brokers, and investors, overseen by the Central Bank of Russia, while retaining the ban on using cryptocurrencies to pay for goods and services.

Beating AI Express: ElevenAgents is ElevenLabs’ enterprise AI Agent platform, which lets businesses build AI agents capable of handling phone calls, online chats, and customer service tasks. Now, ElevenLabs has added Architect, a built-in AI assistant designed to help teams build and maintain these agents. For instance, if refund calls are often routed to human agents, teams can ask Architect directly for the reason. The tool analyzes real call logs, agent configurations, and test results to pinpoint issues, then modifies prompts, workflows, tools, knowledge bases, or guardrails. After adjustments, Architect automatically generates simulation tests to compare performance pre- and post-change. All changes are saved as drafts first, so they do not impact live agents directly. Once testing is done, modifications are submitted for human review and deployment. Architect can also build new agents: after users outline their requirements and provide relevant materials, it configures prompts, knowledge bases, tools, and tests. Teams can access Architect via Claude, Claude Code, ChatGPT, and Cursor. ElevenLabs notes that Architect enables continuous improvement for agents, though tasks still need human initiation, and all modifications require approval before going live.

As U.S. long-term Treasury yields recently surged to their highest level since 2002, two prominent strategists who have long been bearish on sovereign bonds have turned bullish. Anatole Kaletsky, co-founder of Gavekal Research, this week turned positive on 10-year and 30-year U.S. Treasuries; Jim Bianco, founder of Bianco Research, also shifted to a bullish stance on long-term U.S. Treasuries last week, marking his first positive view on the asset in six years. On Monday, the 10-year U.S. Treasury yield closed at around 5.31%, while the 30-year yield rose to 5.66%, both hitting their highest closing levels since 2002. Bianco argued that after a prolonged sell-off, the absolute yields on long-term U.S. Treasuries are now attractive. TLT, the roughly $47 billion long-term U.S. Treasury bond ETF, had fallen for 10 consecutive trading days, but has still recorded around $5.3 billion in net inflows so far this year. Kaletsky has advised avoiding government bonds of major advanced economies since 2022, but now believes U.S. interest rates could fall again in the future; Bianco, meanwhile, noted that long-term Treasuries also hold hedging value if the economy weakens significantly or the stock market undergoes a major correction. However, factors including the U.S. fiscal deficit, Treasury supply, financing needs of AI firms, war-related spending, and rising energy prices could continue to push long-term yields higher.