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9/24
15:26
Five board members of Solana ecosystem company SkyAI retained their seats at its annual meeting despite opposition from Forward Industries and Bastion Trading, according to a Thursday filing with the U.S. Securities and Exchange Commission (SEC). However, shareholders overwhelmingly rejected SkyAI's proposed 2026 equity incentive plan, which would have authorized 5 million shares for stock-based compensation, with 22.5 million votes against and 5 million votes for. SkyAI's stock rose 4.4% on the day and is down 15.8% year-to-date.
15:19
The Afghan Taliban government stated that Pakistani airstrikes resulted in the deaths of four civilians, marking the latest escalation in conflict between the two sides. Pakistan, in turn, claimed its forces struck 10 targets within Afghanistan, emphasizing that these strikes were "strictly limited to identified military targets." This aerial assault is the second wave of Pakistani airstrikes on Afghan territory within a week, following a deadly attack on a Pakistani police facility on September 18 that killed at least 31 people.
15:11
Abbas stated that saving the two-state solution begins with preserving Palestinian land and protecting its people. He also announced that the Palestinian Authority plans to hold legislative elections on November 28, the first such vote in 20 years. Meanwhile, Hamas accused Israel of trying to derail a ceasefire and a US-backed peace process.
15:01
The AI lab PrismML has created a version of its tiny language models for smart glasses running on Qualcomm’s Snapdragon chips. Qualcomm showcased PrismML’s 1-bit Bonsai LLM, a 2-billion-parameter model tuned for vision and language, at its Snapdragon Summit on Wednesday. However, no smart glasses running PrismML have been announced yet.
14:52
Bitcoin's price broke above its 365-day rolling simple moving average (approximately $80,900) for the first time on September 22, marking the first such occurrence in 310 days. AltcoinPro Research noted that in the past five similar breakthroughs, Bitcoin recorded gains ranging from 59% to 1400% within 12 months, though there have been instances of failure. The firm believes a more significant signal is whether Bitcoin can sustain above its 200-day moving average (approximately $70,800), which Bitcoin surpassed in mid-August and is currently about 19% above.
14:49
The U.S. Senate will vote on Thursday on a bill to end the war with Iran, following soaring fuel prices faced by American consumers due to the conflict. If passed, the bill would direct President Donald Trump to withdraw troops from Iran unless Congress explicitly approves the war. Although the bill is not legally binding, Democrats argue that the President must heed congressional opposition. The national average gasoline price is currently $4.48 per gallon, and rising diesel prices have sparked concerns among Midwestern Republicans, who are calling for an end to the war in response to midterm election pressures.
14:39
A report co-authored by researchers from ETH Zurich, AI safety organization MATS, and Anthropic indicates that large language models (LLMs) can identify the real identities of anonymous users from their public posts through reading, searching, and reasoning. The study found that AI successfully identified 67% of anonymous Hacker News users and 9 interviewed scientists in tests, at a cost of approximately $1-4 per identification, raising market concerns about online privacy.
14:35
CNBC analysis indicates that the continuous rise in U.S. government bond yields, with the 30-year yield reaching its highest level since 2004, presents a policy dilemma for Federal Reserve Chairman Warsh. The market anticipates the Federal Reserve will respond more aggressively to inflation, but officials face a predicament between tightening policy and avoiding a recession. New York Fed President Williams and Philadelphia Fed President Plosser have both stated that further rate hikes may be necessary, but emphasized the need for patience and data dependency.
14:32
The first proposal would require Board-supervised payment stablecoin issuers to fully back their stablecoins with permissible reserve assets, such as short-term Treasury bills, and establish standardized capital and risk management standards. The second proposal would establish a tailored application process for Board-supervised banks seeking to issue payment stablecoins, requiring a business plan and financial information. The comment period will close 60 days after publication in the Federal Register.
14:29
While the S&P 500 powers through rising bond yields and higher crude oil prices, the Russell 2000 index's year-to-date gain has dropped from 20% to 14% in September. The correlation between small-caps and the price of the 10-year Treasury note touched a one-year high above 0.97 last week. Kevin Gordon, head of macro research and strategy at the Schwab Center for Financial Research, attributes this to the Fed's hawkish turn and continued increase in long-end rates.
14:25
JPMorgan analysts, led by Nikolaos Panigirtzoglou, stated that Bitcoin's recent rally above its estimated $85,000 production cost, if sustained, could provide relief to miners and reduce the risk of forced selling. Bitcoin had spent 280 days below this estimated average cost before the recent price increase. The analysts also highlighted a broader industry shift, with Bitcoin miners increasingly moving operations towards AI computing, leading to a 19% drop in hash rate from its peak last October and a 15% decline in mining difficulty. This structural shift is expected to reduce excess hash rate growth and slow the rise of Bitcoin's production cost.
14:23
Musk reposted a message stating that Google will launch TPUs via a SpaceX Falcon 9 rocket next week to test an AI data center in orbit. Musk commented on this, saying that in-space computing will eventually account for 100% of the world's total computing power.
14:20
The YouTube channel "Mighty Mike Plays" posted a video claiming that 9-year-old "Mighty Mike" spent $118,000 from his father Dave's company card on YouTube ads without permission, leading to Dave's dismissal and pressure to repay the debt within 30 days. However, the story is full of inconsistencies, including Dave's failure to provide any proof of expenditure or company emails. Instead, he suggested raising funds by selling high-priced AI-generated merchandise, and his website terms have been changed to "all sales are final." Dave is currently threatening to sue influencers and YouTubers who question whether he is a scammer.
14:19
Goldman Sachs reaped over $200mn in fees from hedge fund Situational Awareness. The AI-focused investment firm, barely two years old, became the biggest client of the Wall Street bank’s prime brokerage unit.
14:10
The rate on benchmark 30-year municipal bonds has surpassed the 5% threshold, driven by a painful fixed-income selloff that is eroding returns in state and local government debt. This marks the first time the yield has exceeded 5% since at least 2011.
14:09
The newly released disclosure shows Hegseth's assets, including over $1 million in a single bank account and Bitcoin valued between $16,000 and $65,000. This marks a substantial increase in cash from his December 2024 nominee disclosure. Hegseth is currently facing an impeachment push in Congress over his handling of the Iran war.
14:08
The National Iranian American Council (NIAC) filed a lawsuit in a Washington, DC, court on Thursday against United States President Donald Trump. The group alleges that the ongoing military action against Iran, which has lasted over six months and allegedly killed thousands of civilians, violates constitutional war powers checks and has harmed their families, causing economic difficulties and limited access to healthcare and travel. NIAC President Jamal Abdi stated that the lawsuit asks if “one person can decide, on his own, to keep an entire nation at war.”
14:03
Coinbase CEO Brian Armstrong stated that the opportunity for innovation is massive, especially in the AI + crypto space. Coinbase has joined the Horowitz Andreessen Academy as a founding partner, collaborating with other tech leaders to discover and cultivate the next generation of world-changing founders.
13:58
CIFC states that long-term Treasury yields are increasingly driven by forces outside the Fed’s control. The firm notes that last week’s rate hike reshaped the yield curve but failed to lower overall yields, and weak demand at the latest 5-year Treasury auction reinforces the risk that yields remain biased higher despite further Fed tightening.

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