Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

According to GMGN market data, as Bitcoin continues its downward trend, newly issued meme coins across all blockchains are seeing broad declines: On Robinhood Chain, PONS is down 7.36% in 24 hours at $0.551; Artificial Inu (AI) fell 15.16% to $0.246; WALLET dropped 6.35% to $0.0561. On BNB Chain, Niulai is down 9.39% at $0.12197; MARSCOIN fell 14.91% to $0.0993; 4Stock dropped 32.12% to $0.019. On Solana, STONK is down 26.6% at $0.212; ZCAT fell 35.82% to $0.0804; ANSEM dropped 13.23% to $0.139.

Trump once again urged the Federal Reserve to maintain low interest rates on Sunday, but after August inflation exceeded expectations, market bets on the Fed raising rates this week have risen to over 85%. Dual pressures from rate-cut and rate-hike expectations have left Walsh trapped in a "no-win situation". According to HTX market data, the crypto market continues its correction: Bitcoin fell below $77,000 to trade at $76,720, Ethereum at $2,474.88, BNB at $716.25, SOL at $99.61, and ZEC at $1,064.6. The total market capitalization of cryptocurrencies dropped 0.8% in 24 hours to $2.718 trillion. Per BIT (bit.com) market data, during Asian morning trading, both WTI crude oil and Brent crude oil saw their intraday gains expand to over 3% at one point. On the news front, Saudi Arabia shut down its east-west oil pipeline as a precaution following a prior attack, and a Gulf region conference has been postponed.

According to a report from The Information citing insiders, Anthropic, OpenAI, and Google have been in talks to jointly establish an AI industry standards body. These discussions predated a Saturday call by Anthropic CEO Dario Amodei, who urged AI companies to coordinate on testing and auditing related technologies. One insider noted that OpenAI founder Sam Altman told employees at the company’s all-hands meeting earlier this week that he backs the creation of an AI industry testing and audit body, but argued major AI labs should set up their own industry standards bodies rather than relying on U.S. government support.

According to The New York Times, King Charles III of the United Kingdom will meet with leaders of major artificial intelligence companies in Scotland this week, amid growing concerns that the rapid, unbridled development of the technology could trigger a global catastrophe. Per a Buckingham Palace statement, Charles will convene heads of firms including Nvidia, Google, DeepMind, OpenAI, and Anthropic, alongside government officials, to discuss how to develop and deploy AI in ways that benefit society. The gathering will take place at Dumfries House—headquarters of the King Foundation, an educational charity—in Ayrshire, southwest Scotland. It comes as AI insiders and several industry giants issue warnings about these tools and their fast-paced advancement. Some have called for establishing shared guidelines and intentionally slowing development to ensure humanity can keep pace. The Buckingham Palace statement notes that Charles’ AI summit will explore leveraging the technology for humanity’s benefit, thereby strengthening community cohesion and improving people’s lives.

According to a report from the Financial Times citing people familiar with the matter, Anthropic has informed a small group of its shareholders that its adjusted operating profit will be positive for the second consecutive quarter. This metric excludes costs such as equity-based compensation. Separately, sources familiar with the situation said that, excluding revenue shared with distribution partners like Amazon and model training costs, Anthropic’s gross margin exceeds 80%.

According to Bitget market data, during Asian morning trading, both WTI crude oil and Brent crude oil once saw their intraday gains expand to 3%. Last Thursday, a drone launched from Iraq struck Saudi Arabia’s east-west oil pipeline, forcing the Saudi government to shut down this critical crude artery. Riyadh did not disclose the extent of pipeline damage or the duration of the shutdown. Additionally, a diplomatic meeting between Iran and Gulf Arab countries originally scheduled for Monday in Oman to discuss the situation in the Strait of Hormuz was suddenly postponed following the pipeline attack. The Saudi pipeline has a daily transportation capacity of 7 million barrels and plays a key role in mitigating severe oil supply disruptions caused by Middle East conflicts. Separately, the UK Maritime Trade Operations Center stated that the security situation in the Strait of Hormuz remains precarious; another oil tanker was attacked on Sunday, leading to a severe fire on board.