U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

A Reuters survey shows the S&P 500 is projected to reach 7,900 points by the end of 2026, up from the 7,620-point forecast in the May survey. The Dow Jones Industrial Average is expected to hit 54,500 points by the end of 2026, compared to the 52,500-point projection in the May survey.

Alibaba Group announced the completion of a HK$80 billion new share placement, issuing 710 million new ordinary shares to non-U.S. persons outside the United States at a placement price of HK$112.70 per share. Alibaba plans to use all net proceeds from the placement to strengthen its global AI strategy. Approximately 60% of the funds, or HK$47.871 billion, will be used to expand global computing infrastructure to meet growing customer demand; the remaining roughly 40%, or HK$31.914 billion, will go toward accelerating the construction of large-scale AI data centers. The funds will also be allocated to upgrade traditional cloud infrastructure such as storage, databases, and high-performance networks, supporting Alibaba’s full transition to an Agentic Cloud architecture. The placed shares have not been registered under the U.S. Securities Act of 1933, and are issued and sold solely to certain non-U.S. persons outside the United States in accordance with Regulation S.

At the 2026 Wyoming Blockchain Symposium, CZ stated that Trump mentioned Hyperliquid, adding that Commodity Futures Trading Commission (CFTC) Chairman Mike Selig will explore pathways for the platform to enter the U.S. market. CZ believes that if this development is successfully implemented, it will be a major boon for the entire crypto industry. CZ noted that due to his stake in Binance, he is often perceived as a supporter of centralized exchanges, but his core motivation for entering the crypto space is his belief in decentralization. He pointed out that some users choose Hyperliquid because the platform allows wallet-based access without traditional accounts or KYC processes; if Hyperliquid can operate in the U.S. in a compliant manner, it will open the door for perpetual contracts and more decentralized services to enter the U.S. market. He argued that this is not just about Hyperliquid itself. “Hyperliquid is just the cutting edge; once this leading project enters, other projects will follow suit.” The related progress will benefit more decentralized products and their portfolio companies, while also bringing more liquidity to international centralized exchanges, enabling U.S. users to secure more competitive prices when trading crypto assets. CZ said that the crypto market is far from saturated at this stage, so competition between platforms is not a major concern. Hyperliquid’s entry into the U.S. will not only benefit itself but also expand the overall market size of the entire industry. “What is good for them will also be good for us.”

Beating AI Briefing: AI search company Keenable has emerged from stealth mode, securing $26 million in seed funding led by Accel with participation from Conviction. The firm has built an independent index of over 100 billion web pages, enabling its agents to search via API or MCP and directly retrieve structured full web content. Founder Andrey Styskin previously led Yandex Search and its advertising business, and later worked on web infrastructure at Amazon AGI. Styskin also announced the launch of Web Query Language (WQL). In simple terms, Keenable aims to let agents stop searching individual web pages, and instead query the entire web as a single database. Even when answers are spread across different sites, the tool can sift through all relevant sources at once and compile the results. It can be understood as "adding an SQL-like query interface to the internet". The company’s Search API and WQL are available for free through the end of September. Keenable is not the first to develop agent search tools; rival Exa also maintains an index of around 100 billion web pages. Keenable’s immediate key advantage is pricing: $4 per 1,000 searches, versus Exa’s $7, a roughly 43% lower cost.

Changxin Technology announced that the over-allotment option for its initial public offering (IPO) on the STAR Market has been fully exercised, adding 1.003 billion new shares and bringing its total share capital to 67.884 billion shares. Since the stock price remained above the issue price of RMB 8.66 per share during the exercise period, China International Capital Corporation (CICC), the authorized joint lead underwriter for the offering, did not use the over-allotment proceeds to purchase shares of the offering in the secondary market via bidding transactions.

According to Lookonchain’s monitoring, a crypto whale that has held over 6,504 ETH for more than two years has just transferred all of his remaining 6,504 ETH (valued at $15.94 million) to Binance, incurring a total loss of $10.58 million.