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9/29
22:11
TD Cowen initiates SpaceX with a Buy rating and $200 price target, forecasting its AI compute leasing to be the largest business by Q1 2027 with revenue reaching $133 billion by 2028. The firm expects AI compute leasing to become SpaceX’s largest business by Q1 2027, forecasting revenue of $14 billion in 2026, $66 billion in 2027 and $133 billion in 2028. TD Cowen also projects 107 million Starlink subscribers and nearly 1,000 annual launches by 2031.
22:11
The government-backed app uses self-custodial wallets and charges a $2 cross-border processing fee, which is separate from funding and cash-withdrawal charges.
22:10
Futures markets indicate a 70.3% chance of another quarter-point Fed rate increase, up from 55.4% a week ago and 17.7% a month ago, according to CME's FedWatch tool. This comes ahead of upcoming US economic data, including August core PCE (landing on Wednesday) and the third estimate of second-quarter GDP, as well as Friday's September jobs report.
22:10
Spot Bitcoin ETFs have recorded inflows for eight consecutive sessions, totaling approximately $3 billion. On Monday, net inflows were $31.07 million, with BlackRock's IBIT and Grayscale's mini trust seeing significant contributions. The funds now hold $107.82 billion, representing 6.42% of Bitcoin's market capitalization. Separately, Bitcoin treasury firm Strategy purchased 1,665 BTC for about $142.7 million between September 21 and 27, increasing its holdings to a record 847,666 BTC.
22:02
★★★★★Previous 89.4PointsForecast 89.2PointsActual 81.9Points Below forecast↓
22:02
★★★★★Previous 7.27MForecast 7.23MActual 7.08M Below forecast↓
22:01
House Oversight Committee Chair James Comer, R-Ky., announced an expanded investigation into insider trading on prediction markets. He requested documents and information from the CEOs of Hyperliquid Labs, Crypto.com and Aristotle Exchange Inc., which owns the platform PredictIt, regarding their identity verification procedures and how they prevent insider trading. Comer stated that some bad actors have exploited these platforms using nonpublic information, citing a substantial leveraged short position on Hyperliquid minutes before a presidential tariff policy announcement in October 2025 that was not publicly known.
21:58
US municipal debt is poised for its worst monthly performance in nearly 40 years, amid a global bond market shakeout driven by rising Iran tensions and persistent inflation concerns.
21:55
Investment bank Piper Sandler is reportedly in talks to acquire advisory firm Perella Weinberg Partners, which has a market capitalization of approximately $1.4 billion, according to sources familiar with the matter. Piper Sandler, with a market cap of about $5 billion, could finalize the deal soon, though discussions could still fall apart.
21:54
Paramount Skydance Corp. has kicked off its long-awaited investment-grade bond sale, the largest portion of a syndicated $52 billion debt package for its acquisition of Warner Bros. Discovery Inc.
21:52
U.S. regular gasoline prices fell 1.3 cents over the week to $4.465/gallon, though prices remain $1.347 higher than a year ago. Diesel saw a much larger decline, falling 14.7 cents to $6.382/gallon, but remains $2.628 above last year. The biggest weekly drops were in the Midwest for gasoline (-9.5 cents) and Gulf Coast for diesel (-22.2 cents).
21:44
UK politician Andy Burnham stated that his government would repeal legislation restricting public ownership of water companies in England and Wales, paving the way for the state to strengthen its control over the struggling industry.
21:43
Cboe Global Markets announced a 25-year extension of its exclusive licensing agreement with S&P Dow Jones Indices, now running until 2051. Under the agreement, Cboe will retain exclusive rights to offer trading in its flagship S&P 500 Index (SPX) options. The two companies will also explore new products beyond traditional index derivatives, including tokenized options contracts. SPX options reached a record 970.6 million contracts in 2023, with an average daily volume of 3.9 million contracts, a 25% increase year-over-year. Specific tokenized options products or a launch timeline have not yet been announced.
21:43
War Secretary Pete Hegseth plans to reduce by 20% the number of military positions reserved for generals and admirals, Fox News reports. This target doubles the 10% reduction ordered last year, with the changes expected to be completed by Jan. 1, 2027. The cuts apply to senior officer positions rather than directly removing 20% of serving generals and admirals, with some positions to be downgraded to colonel or Navy captain level.
21:42
Oman's state energy company, OQ SAOC, is evaluating the acquisition of two supertankers for floating storage at Duqm Port, which would add a combined 4 million barrels of storage capacity, CEO Ashraf Al Mamari told Bloomberg. A decision on this matter is expected later this year. Concurrently, OQ plans to expand Duqm Port's onshore crude oil storage tank capacity from the current approximately 5 million barrels to 10 million barrels within three years, with a long-term goal of eventually reaching about 40 million barrels. This move aims to establish Duqm Port as a critical energy hub amid potential disruptions in the Strait of Hormuz, addressing heightened shipping risks and soaring tanker freight rates driven by Middle East conflicts.
21:41
Yemen's internationally recognized, Saudi-backed government accuses the Tehran-backed Houthi rebels of converting Iranian air defense weapons into cruise missiles with the assistance of Iran's Islamic Revolutionary Guard Corps (IRGC). Experts state that if true, this move could alter the military balance in the Red Sea region. The Yemeni government warns that these missiles' infrared tracking capabilities pose a direct threat to civilian aviation in Yemen and critical Red Sea shipping lanes. The Houthis have recently escalated attacks on Saudi Arabia, with Saudi Arabia claiming last Thursday to have intercepted six ballistic missiles aimed at Taif and the port of Yanbu. The Houthis also claimed attacks on "sensitive targets" in the Saudi capital, Riyadh, and Saudi Aramco facilities in Yanbu. As the Red Sea has become a vital alternative oil export route for Saudi Arabia, this escalation could impact energy markets.
21:40
Iranian authorities have broadly denied directing the Houthis, despite US media reports alleging the Islamic Revolutionary Guard Corps (IRGC) helped direct recent offensives that solidified Houthi control over the Bab al-Mandeb strait and the port city of Mocha. Earlier this week, Iranian President Masoud Pezeshkian rejected a connection between Iran and Houthi actions during an interview with Al Jazeera, urging Saudi Arabia and the Houthis to negotiate an end to the war. Iran's Ministry of Foreign Affairs earlier this month also rejected a charge by US Secretary of State Marco Rubio that the Houthis are a proxy of Iran.
21:38
The Zano team announced it will draw on the blockchain network’s developer fund, team members’ personal funds, and committed contributors to finance recovery from an emergency rollback. The rollback, published Sept. 27, removed approximately a month of previously confirmed transactions from the recovered Zano chain, restarting from block 3,833,000 (Aug. 26, 15:50 UTC). This action was taken after a Gateway Address vulnerability allowed unauthorized ZANO and Freedom Dollar (fUSD) to enter circulation. The team update did not disclose funding amounts or payment timetables, and eligibility rules and a claims process have yet to be released.
21:36
Estonian Prime Minister Kristen Michal stated that the arson attack on the country's defense company Milrem Robotics on August 14-15 was ordered by Russian special forces. Milrem Robotics supplies unmanned military vehicles to Ukraine. Estonian Foreign Minister Margus Tsahkna said that based on information gathered by the country's Internal Security Service, it can be "conclusively determined" that the attack was an act of sabotage ordered by the special forces of the Russian Federation. Russia denied the accusations, calling them "groundless." French President Emmanuel Macron and NATO Secretary General Mark Rutte both condemned Russia's actions and reiterated their continued support for Ukraine.
21:36
Veteran trader Peter Brandt expects Bitcoin to reach between $300,000 and $600,000 by 2029, suggesting an October pullback could present a buying opportunity. He also referred to XRP as a “fool coin.”
21:34
Goldman Sachs states that the clearest path to further equity gains is relief in Treasury yields, with the U.S. 10-year yield reaching 5.25%, its highest since 2007. Stocks have remained resilient, led by large-cap and AI-related names, but market breadth is weak. Rate-sensitive sectors—including homebuilders, real estate, utilities, and small caps—have suffered most. Goldman remains overweight equities over a 12-month horizon.
21:33
National Economic Council Director Kevin Hassett stated on Tuesday that the U.S. is still dealing with the impact of Covid-19 related stimulus spending from former President Joe Biden's first year in office, calling it a "big mistake." Hassett argued that while Trump's first administration approved the right amount of pandemic stimulus, heavy spending continued under Biden, including the $1.9 trillion American Rescue Plan signed in March 2021. He noted that inflation was 1.5% when President Trump left office, but then "took off" under Biden, peaking around 9% in mid-2022. Inflation had declined to 3% by the time Trump returned to the White House in January 2025, but has since crept higher due to the U.S. war against Iran and Russia's continuing war in Ukraine.
21:32
Former SEC Chair Gary Gensler stated that competition from Chinese AI models complicates efforts to impose stronger safeguards on advanced AI. He also questioned whether the enormous spending by U.S. AI companies will generate enough revenue to justify the investment. While acknowledging the U.S. currently leads in AI, Gensler warned that safety risks, heavy spending, and Chinese competition remain major challenges for the industry.
21:31
Ari Paul, founder of crypto investment firm BlockTower Capital, accused Coinbase of losing $25 million of his company's funds and covering up over $1 billion worth of "massive and repeated hacks." Paul claims that at least a dozen firms are affected by the alleged cover-up and that Coinbase "still wouldn’t return our money." He stated these allegations are all he can say for now due to "multiple legal processes still ongoing." This comes as Coinbase was previously sued in May over a separate $55 million draining hack in August 2024.

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