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9/30
19:36
Bain & Company's annual forecast indicates that holiday retail sales are projected to grow by 4.5% year-over-year, exceeding $1 trillion for the first time, despite macroeconomic pressures and consumer caution. However, the report notes that this growth is primarily driven by inflation, with actual sales volume growth potentially falling below expectations. Reports from Deloitte and Adobe also predict similar trends, with consumers focusing more on value and discounts, and increasing their use of "buy now, pay later" services. Furthermore, the application of artificial intelligence in holiday shopping is expected to increase significantly, but mainly for product research and price comparison rather than direct purchases.
19:35
CoinDesk's analysis of TradingView data indicates that while a negative correlation exists between Bitcoin (BTC) and the U.S. Dollar Index (DXY), it is modest. Over the past 90 trading days, the daily moves in BTC and DXY show a correlation of -0.41, implying DXY accounts for only about 17% of the variation in BTC's daily returns. The DXY has gained about 2.6% since September 9 and hit a two-month high of 101.69 on Tuesday, but Bitcoin's pullback since September 21 has been relatively small, suggesting resilience.
19:33
Coinbase, a cryptocurrency exchange, burned 143,956,168 Shiba Inu (SHIB) tokens in the past 30 days, making it the platform that burned the most SHIB during the month. This accounts for nearly one-third of the total 418.66 million SHIB burned during the same period. The burned SHIB tokens originated from Coinbase's various transactions and fees, with the aim of permanently removing the tokens from circulation.
19:31
Deutsche Bank is working on a significant risk transfer deal related to fund financing, aiming to expand the range of assets hedged through booming securitization transactions, according to Bloomberg Markets.
19:30
Robinhood plans to upgrade its existing "24/5" stock trading service to true 24/7 trading, covering weekends, pending regulatory approval. Concurrently, the company will launch binary options contracts linked to corporate earnings (earnings contracts) in its prediction market segment, allowing users to trade on key financial metrics such as company revenue and earnings per share. This service is expected to cover over 20 popular underlying assets, with contract fees waived until the end of the year.
19:23
The bank reports that crude shipments have doubled to 23.3 million barrels per day, reaching 108% of their 2025 average. However, key refined products like diesel and jet fuel remain at just 50% due to refinery outages and shipping risks. Goldman Sachs maintains its year-end Brent forecast at $85, seeing the global oil market as roughly balanced.
19:21
Iraq's State Oil Marketing Organization (SOMO) is offering buyers discounts on October-loading crude oil supplies, with reductions of up to $37 per barrel, according to a document obtained by Bloomberg.
19:18
McDonald's is reportedly using machine-learning models from Tiger Analytics to set "optimal prices" for menu items at each of its nearly 14,000 restaurants, based partly on customer willingness to pay and competitors' prices. This system has widened price gaps, with Reuters finding a Big Mac selling for $5.69 at one Fresno, California store and $6.89 at another two miles away. While franchisees officially set prices, McDonald's allegedly pressures them to follow recommendations and records deviations.
19:12
Israeli Prime Minister Benjamin Netanyahu is under renewed pressure regarding alleged warnings received before the October 7, 2023 Hamas attack, ahead of the October 27 elections. This follows a Wall Street Journal report on Sunday suggesting he was warned by Egypt’s intelligence chief, Abbas Kamel, just days before the attack. Additionally, Ronen Bar, former head of Israel’s internal security service, announced on Monday he would sue Netanyahu for defamation over attempts to shift blame for security failures.
19:08
Wallets linked to the $387.5 million Bitget exploit transferred approximately $3.9 million in Zcash into Zcash's privacy payment system, Ironwood, on Wednesday, making the stolen funds harder to trace, CoinDesk reported. Transaction records show that 2,746 ZEC were moved into Ironwood in three separate transactions between 08:15 and 08:46 UTC on Wednesday. These funds represent about 15% of the total stolen ZEC. Zcash's privacy pool allows senders, receivers, and amounts to be hidden, but investigators can still see the amount entering the privacy pool.
19:08
As the European Commission’s MiCA review consultation closes, Europe must decide whether its crypto rulebook is protecting the market without making it too costly to build in.
19:06
President Trump hosted a luncheon at the White House on Tuesday with leaders from top AI companies including Google, Meta, SpaceX, NVIDIA, Palantir, Anthropic, and OpenAI, and signed a document titled "The White House Superintelligence Accord: A Joint Commitment to Frontier Responsibility." The document requires companies to establish internal model monitoring, ensure the effectiveness of control measures, cooperate with external audits, and set up independent board committees to oversee internal teams. However, CNBC analysis suggests that the outlook for AI safety is more uncertain than ever after the meeting, as Donald Trump firmly opposes government regulation, calling AI concerns a "scam," and the accord primarily emphasizes corporate self-regulation. Senator Mark Warner (D-Va.) expressed concern about this and has proposed legislation requiring rigorous testing and evaluation of AI technology. Donald Trump also announced at the meeting that "artificial intelligence" would be officially renamed "superintelligence."
19:05
The U.S. Securities and Exchange Commission (SEC) on Sept. 1 proposed the first major update to its transfer-agent rules since the late 1970s. The proposal aims to modernize securities rules for the burgeoning world of tokenization, with Chair Paul Atkins noting the rules should reflect the use of “blockchain technology in connection with securities offerings and the transfer of shares.” Fairmint's Joris Delanoue argues this is a recognition of blockchain's power for record-keeping, but warns against repeating a “Paperwork Crisis” for the blockchain age if ownership data remains fragmented across multiple ledgers.
18:58
Standard Chartered forecasts ENA to gain 7x by the end of 2028, driven by Ethena's USDe buyback program. The program is set to activate when USDe supply reaches $7.5 billion; current USDe supply stands at $4.9 billion.
18:55
Chinese stock markets saw light trading ahead of the National Day holiday, with the total turnover of the Shanghai and Shenzhen markets falling to 1.41 trillion yuan on Tuesday, the lowest level since July 2025. Despite the People's Bank of China cutting the Pledged Supplementary Lending (PSL) rate and introducing other credit and mortgage support measures on Tuesday, market sentiment remained cautious. Hong Kong and mainland Chinese stocks saw slight gains on Wednesday, while Chinese blue-chip stocks continued to hover near a one-year low.
18:51
Chainlink (LINK) futures trading volume has significantly declined, with Binance's LINK/USDT market seeing a 60.75% drop to $286.1 million. OKX and Bybit also experienced decreases of 63.14% and 57.09% respectively, indicating a general decline in market participation. Despite this, LINK's price remains well above all major moving averages, suggesting the overall upward trend is intact, but traders should anticipate volatility after the rally.
18:48
Honeywell International Inc. has been awarded a $300 million contract by Dangote Oil Refinery and Petrochemicals Company to provide engineering services and technology for its planned refinery in Kenya.

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