OpenRouter launches new anonymous model Space Bunny, with multiple fingerprints pointing to MiniMax M3.1.

With Japan’s holiday period drawing to a close, the risk of yen intervention is back in focus. The yen has fallen for two consecutive weeks, bringing it once again near the closely watched 160 level. Strategists believe the 160 level is once again a test of Japan’s tolerance for yen depreciation, as the currency has remained weak since the Bank of Japan’s (BOJ) September 18 policy meeting. While the BOJ has accelerated its tightening cycle, internal divisions exist within the committee, while the U.S. appears to be moving toward a more hawkish path. Carol Kong, currency strategist at the Commonwealth Bank of Australia (CBA), stated that if U.S. yields continue to rise and markets keep testing Japan’s resolve to defend the yen, USD/JPY could soon break through 160. A rapid break above this level would substantially raise the likelihood of official action, particularly given recent reports that Japan has conducted foreign exchange checks and the precedent of coordinated interventions. (Jinshi)

Financial investment data firm PitchBook’s latest 46-page report has valued prediction market platform Kalshi, projecting a base-case valuation of roughly $30.4 billion, a high-case valuation of up to $42.1 billion, and a bear-case valuation of $22.8 billion. Kalshi closed a $1 billion Series F funding round in May this year, with a post-money valuation of $22 billion. PitchBook forecasts Kalshi’s revenue will hit $6.4 billion by 2030, with adjusted profit reaching $3.7 billion, adding that its partnerships with platforms like Robinhood and Susquehanna, plus market makers, will help solidify its market share. However, regulatory risks in the sports prediction market remain a key variable weighing on Kalshi’s valuation. PitchBook data shows the sports segment currently contributes around 69.9% of Kalshi’s event fee revenue; when including "exotic" products such as multi-event parlays, that share rises to 82.4%. Multiple U.S. states and Native American tribes have filed lawsuits challenging the legality of Kalshi’s sports prediction products, with related cases creating splits among federal appeals courts; the U.S. Supreme Court is expected to take up the matter next year. PitchBook notes that even if the final ruling is unfavorable to Kalshi, the firm could adjust its business model by securing state-level licenses and expanding non-sports prediction products, though a sharp decline in sports revenue would still significantly impact its growth outlook.

Data shows that trader Point Farm Capital has once again topped the 24-hour profit leaderboard on the FOMO platform. Its current account assets stand at around $17.164 million, with its account page indicating assets grew by approximately $2.088 million in the past 24 hours. STONK remains its primary holding: the account currently holds 39.2 million STONK tokens valued at roughly $14.376 million, accounting for about 84% of total assets. Calculated at a holding return rate of 907.76%, its unrealized profit is around $12.949 million. Additionally, its Christmas Cracker (CRACKER) holding is worth approximately $638,000 with a 283.23% return rate, while its RuneScape Gold (GP) holding is valued at around $516,000 with a 202.35% return rate.

According to U.S. Securities and Exchange Commission (SEC) filings, Robinhood Markets (HOOD) CEO Vladimir Tenev sold 259,166 of the company’s shares on September 21, 2026, at an average price of $125.58 per share, totaling approximately $32.55 million. The transaction was executed under the pre-established Rule 10b5-1 plan. Tenev first automatically converted the 259,166 Class B common shares into Class A common shares, then sold all of the converted shares. Following the transaction, his direct holdings of Class A shares fell to zero, while he still holds 6,907 shares indirectly via a Living Trust. The related Form 4 was filed with the SEC on September 23.

According to Santiment data, address clusters holding 100 to 1,000 BTC have cumulatively added roughly 113,950 BTC since mid-July, bringing their total BTC holdings to around 5.24 million coins. Analysts note that this ongoing accumulation by mid-sized whales reflects that some large investors are still increasing their BTC exposure amid recent market volatility. If this accumulation trend continues, it could further reduce selling pressure on circulating market supply and provide support for future price rebounds. Meanwhile, this trend indicates that market capital is not generally exiting amid price fluctuations—some large-position investors are still accumulating BTC on dips.

U.S. National Economic Council Director Kevin Hassett questioned the Federal Reserve’s recent interest rate hike decision during an event at Georgetown University on September 23 (local time). Noting that the annualized core inflation rate is already near 2%, he said he does not understand why the Fed is still considering additional rate increases. Hassett also criticized several Fed officials not appointed by former President Trump for publicly supporting continued rate hikes, describing Fed Chair Kevin Warsh’s current leadership of the central bank as an “exceptionally partisan Federal Reserve.” He added that restoring the Fed’s independence remains a top priority for Warsh. Earlier, the Federal Reserve raised its federal funds rate target range by 25 basis points to 3.75%–4% on September 16, its first rate hike since 2023. The latest projections show 16 of 18 Fed officials expect at least one more rate hike by 2026. Hassett also singled out Fed Governor Michael Barr and former Chair Jerome Powell, arguing their continued seats on the Fed’s Board of Governors after exiting their leadership roles deviate from the longstanding practice where chairs and vice chairs step down from the board upon the end of their tenures. Barr recently also stated that further rate hikes may still be necessary to drive inflation back to the 2% target on a sustained basis.