Tom Lee: Bitcoin's Four-Year Cycle Pattern Has Been Broken, But a 50% Correction is Still Possible

According to HTX market data, ZEC briefly rallied to break through $1647, hitting a new recent high, and has now pulled back to $1640, with a 24-hour gain of 11.33%.

U.S. and Iranian officials held roughly three hours of talks on Tuesday on the sidelines of the UN General Assembly in New York. U.S. President Donald Trump later described the engagement as "very good" and "very productive," adding that the two sides have scheduled another meeting in the "near future." According to market data from BIT (bit.com), U.S. stocks closed on Tuesday: the Dow Jones Industrial Average fell 0.36%, the S&P 500 edged up slightly, and the Nasdaq rose 0.45%, marking another record closing high. Micron Technology (MU.O) gained 5%, SK Hynix (SKHY.O) rose more than 3%, SanDisk (SNDK.O) climbed 6.8%, and Cisco (CSCO.O) dropped over 4%. According to HTX market data, Bitcoin remains in strong consolidation, trading at $86,195 with a 0.35% 24-hour decline. ZEC has surged past $1,600, currently priced at $1,633, hitting another recent high.

According to Iran's Tasnim News Agency, Iranian President Masoud Pezeshkian has just arrived in New York to attend the 81st United Nations General Assembly and deliver a speech.

The launch of NVIDIA GPU rental price futures, seen as a key step to turn AI computing power into an investable asset class, is facing hurdles. The Chicago Mercantile Exchange (CME) had hoped to roll out the computing power futures contract as early as early October, but now expects it will not secure regulatory approval by then. According to a letter, the U.S. Commodity Futures Trading Commission (CFTC), which oversees futures markets, is extending its review to delve into how such contracts operate and solicit feedback from a wider range of industry players. The CFTC noted that while a computing power financial market could support the development of U.S. AI, the underlying market is fragmented and opaque. (The Information)

Microsoft (MSFT.O) will continue reviewing shareholder proposals ahead of its next annual general meeting, a move requested by activist Paul Chesser to protect investor rights amid the U.S. Securities and Exchange Commission’s (SEC) planned tightening of shareholder proposal rules. According to reports, Microsoft will retain the current threshold for investors to submit resolutions, even as the SEC considers related changes – which critics say would marginalize groups that have held sway for decades, including individual investors, religious organizations, and labor unions. The one-year agreement could effectively counter the SEC’s efforts to shift power from investors to executives. Chesser hopes Microsoft’s action will set a governance model to ensure retail investors have a voice. A Microsoft spokesperson stated that in light of the SEC’s announcement of a review of its shareholder proposal regulatory framework, the company agreed to maintain the current eligibility threshold for one year to provide a clear, predictable process for the next proxy season.

US President Donald Trump said there is strong momentum for Iran to reach an agreement.