Trader James Wynn: Increased Bitcoin Long Position, Potential All-Time High in the Next Two Days

Former Dallas Federal Reserve President Robert Kaplan said the bond market has been overly aggressive in pricing in the U.S. Federal Reserve’s interest rate hike expectations. Kaplan noted that the Fed’s September rate hike was the right decision, a further hike in December could still be a reasonable option, but a pause in October would be appropriate. He added that inflation remains "concerning" both on a monthly and year-over-year basis; when annualized, the monthly inflation figure is even near 3%. Kaplan pointed out that the Fed’s dot plot signals one more rate hike this year, but financial markets have already priced in more than that. As of Thursday morning, market pricing indicates at least three additional rate hikes by June next year. “There’s no doubt that AI infrastructure and applications are booming, and defense spending is also very strong for obvious reasons,” Kaplan said. “But if you look at the auto sector, housing-related businesses, and those serving low- and middle-income consumers, while their performance isn’t terrible, overall they’re quite weak or sluggish. So in my view, the sectors of the economy most sensitive to the federal funds rate are not overheating right now.” (Source: Jin10)

According to Iran's Fars News Agency, Iranian officials stated that the conflict with the United States could escalate further, and the next phase of the (war) may include the Indian Ocean.

According to BIT (Bit.com) market data, most crypto and AI concept-related stocks are trading lower in U.S. pre-market trading. Pre-market performances are as follows: Crypto stocks: Strategy (MSTR) at $161.000, down 0.74%; Circle (CRCL) at $92.335, up 0.67%; Bullish (BLSH) at $39.810, down 0.75%; Gemini Space Station (GEMI) at $5.630, flat; Bitmine Immersion (BMNR) at $27.520, up 0.22%; SharpLink (SBET) at $9.870, up 0.61%. AI concept stocks: Micron Technology (MU) at $1053.750, down 1.69%; SanDisk (SNDK) at $1774.590, down 2.31%; Western Digital (WDC) at $464.487, down 1.94%; Seagate Technology (STX) at $905.020, down 1.96%; Marvell Technology (MRVL) at $254.000, down 2.64%; Nokia (NOK) at $10.210, down 3.95%; Applied Optoelectronics (AAOI) at $99.300, down 1.74%; Lumentum (LITE) at $920.800, down 1.73%; Coherent (COHR) at $293.310, down 2.43%.

According to data from BIT (bit.com), U.S. stock index futures posted losses: Nasdaq 100 futures fell over 1%, S&P 500 futures dropped 0.64%, and Dow Jones futures declined 0.48%. Earlier, Federal Reserve official Williams stated that another interest rate hike before the end of the year is reasonable. Meanwhile, yields on U.S. 10-year and 30-year Treasuries both hit their highest levels since 2007.

Beating AI News Flash: AI voice firm Fish Audio has released the preview of its Drama 3 voice model, featuring more granular voice control. Users can describe tone, rhythm, and characters directly in natural language, eliminating the need to combine numerous emotion or audio tags. Drama 3 enables voice and speaking style changes mid-sentence, and can generate multi-character dialogues in a single go. For unsatisfactory parts, users only need to re-generate one word, rather than redoing the entire segment. Fish Audio’s prior-generation S2 model already supported natural language voice control; Drama 3 advances this functionality by integrating mid-sentence voice switching, multi-character generation, and partial re-generation into one model. This will significantly simplify post-production for game lines, audio content, and AI characters. Drama 3 is currently in the Preview stage, with developers able to apply for API testing access.

Fed's Williams says downside risks to achieving full employment have eased, while inflation remains a major challenge. Demand for artificial intelligence is quite strong, and it is reasonable to raise interest rates again before the end of the year. (Jinshi)