The U.S. New York Fed’s 1-year inflation expectation for September came in at 3.9%, exceeding the forecast of 3.64%.

According to on-chain analyst Yu Jin’s monitoring, the 3.75 million HYPE tokens (valued at $332 million) that HyperLabs, the development team behind Hyperliquid, applied to unstake seven days ago have been successfully redeemed just two minutes ago.

Against the backdrop of rising oil prices and further escalating tensions in the Middle East, investors flocked to safe-haven assets, leading to a notable strengthening of the U.S. dollar on Wednesday. Following an increase in Iranian attacks targeting vessels in the Strait of Hormuz, the U.S. Dollar Index (DXY) rose as much as 0.5%, moving in lockstep with oil prices and now approaching its year-to-date high. Among G10 currencies, nearly all have fallen against the U.S. dollar, with the euro posting the weakest performance, underperforming other major currencies. Catherine Brooks, head of research at XTB, said in a report: "The U.S. dollar is acting as a counter-cyclical asset, attracting safe-haven inflows as other asset classes are sold off." (Jinshi)

Coinbase will launch spot trading for Pons (PONS) on October 7. Should liquidity conditions be met and trading be supported in relevant regions, the PONS-USD trading pair will open today.

The Federal Reserve Bank of New York’s Wednesday survey shows that U.S. consumers’ one-year ahead inflation expectations rose sharply in September, hitting their highest level in over three years, while households’ views on both current and future financial conditions deteriorated. Respondents projected a 3.9% inflation rate one year from now, up from 3.6% in August, marking the highest reading since May 2023. Three-year inflation expectations climbed from 3.2% to 3.3%, while five-year inflation expectations held steady at 3%. The NY Fed survey also noted that in September, households downgraded their assessments of current and future financial situations and perceived that accessing credit had become more difficult. However, households’ concerns about failing to repay debts on time actually eased. Labor market expectations saw some improvement: compared with August, respondents viewed the probability of a one-year ahead unemployment rate rise as lower, their worries about involuntary unemployment over the next year weakened, and their confidence in securing a new job if they lost their current role increased.

Hunter Biden, son of former US President Joe Biden, published a post revealing independent investigation findings into the LAPTOP token launch, stating he has hired forensics firm Groom Lake to review all transactions on the token’s launch day. He denied his team engaged in insider selling, noting founder tokens remain in the same wallet and have not moved since launch; his personal tokens are locked for six months, then will vest over two years. Citing the investigation, he said Market Maker 1 held $500,000 in startup capital but only deployed roughly $5,200 and fewer than 30,000 tokens to the liquidity pool—just 0.003% of total supply. The extremely low liquidity pushed the token’s price from $0.05 to around $317 in under two minutes, before plunging 98% within an hour. 84 seconds after the price peaked, Market Maker 1 withdrew its funds during the sell-off, draining on-chain liquidity available to absorb sales at near-current prices from $16,157 to zero. He claimed Market Maker 1 earned roughly $686,000 from its DEX position, while Market Maker 2 netted over $2.1 million from related DEX trades, and argued the market makers responsible for the launch issues should repurchase and burn the tokens. He said he takes full ultimate responsibility, will not exit the project, and plans to burn most unclaimed tokens from the initial airdrop next week—this airdrop made up 10% of the total token supply.

According to TradingBeats’ monitoring, Boomer (Twitter handle @solanadoomer1) holds approximately 2.684 billion long positions in PUMP via Hyperliquid address 0xbf73. The position is valued at around $17.32 million, with 10x leverage, an average entry price of roughly $0.00564, current unrealized profit of about $2.19 million, and a position return of approximately 145%. The address opened the current PUMP long position roughly 8 days ago and has held it continuously since. PUMP’s current price is up around 14.5% from its average entry price. As of press time, the PUMP perpetual contract price on Hyperliquid stands at $0.00645, up roughly 1.3% over the past 24 hours.