Cryptocurrency market capitalization plummeted by approximately $300 billion this week, driven by a wave of leveraged bet collapses. This volatility severely impacted the sector's leading tokens and dragged market sentiment to its weakest level since early summer. Billions of dollars in bullish bets were forced to liquidate in the cryptocurrency perpetual futures market, further accelerating the decline. According to data compiled by Coinglass, cumulative liquidations of long positions (bullish bets) across exchanges have exceeded $3 billion. Some traders warn that the true extent of current market leverage remains unclear, as most trading platforms do not disclose complete liquidation data. On Friday, a report showed that key inflation indicators slowed last month, providing some buffer for the Federal Reserve to respond to a cooling labor market. This improved overall risk sentiment, leading to a slight recovery in Bitcoin and Ethereum prices. Paul Howard, senior director at market maker Wincent, called the pullback a "healthy correction." He noted that despite Bitcoin's price falling below its 100-day moving average and the total digital asset market capitalization falling below $4 trillion, there are no signs of panic yet. However, he also warned that short-term pressures may still cause prices to continue to fall - especially compared to the beginning of this year, when digital asset prices are more closely linked to macro market sentiment.

Apple has developed an iPhone app similar to ChatGPT to help test and prepare for next year's much-anticipated major Siri upgrade, according to people familiar with the matter. Apple's artificial intelligence division is using the app to quickly evaluate new features for the Siri voice assistant, including its ability to search personal data like songs and emails and perform in-app actions like editing photos, according to people familiar with the matter. The software, code-named "Veritas," meaning "truth" in Latin, is for internal use only, at least for now. Apple has no plans to release the app to consumers. Essentially, it presents new Siri technology still under development in a form that employees can test more efficiently. After multiple delays, the new Siri is expected to debut as early as March of next year. If the software performs as promised, it could help Apple stage a comeback in the artificial intelligence field. If it underperforms, the company could fall further behind smartphone rivals like Alphabet's Google and Samsung Electronics.

OKX market data shows that BTC has broken through 110,000 USDT and is currently trading at 110,013.8 USDT, a 24-hour increase of 0.78%. (This newsletter was generated by AI)

OKX market data shows that ETH has broken through 4,000 USDT and is currently trading at 4,000.81 USDT, a 24-hour increase of 2.56%. (This newsletter was generated with AI assistance)

Federal Reserve Board Governor Bowman said the Fed should seek to achieve the smallest possible balance sheet size and comprehensively reform its monetary policy implementation mechanism. Bowman said: "In the long run, I tend to maintain the smallest possible balance sheet, so that the reserve balance is close to the scarce level rather than the abundant level." Bowman believes that returning to the Fed's mechanism of actively managing the balance sheet will better reflect market pressures and operational problems. Bowman said: "Allowing moderate fluctuations in the money market can enhance our understanding of the market clearing point." She also said that she supports the Fed's balance sheet holding only Treasury bonds, with a slightly shorter maturity, rather than completely consistent with the maturity structure of the overall market. She said this would give the Fed greater flexibility. Bowman added that the Fed should consider actively selling its mortgage-backed securities (MBS). (Jinshi)

NFTs are moving beyond hype to deliver lasting utility in art, gaming, and digital rights management. Discover how they’re reshaping digital ownership. <p>The post NFTs Beyond the Hype: Utility in Art, Gaming, and Ownership first appeared on Ecoinimist. </p> source: https://ecoinimist.com/2025/09/27/nfts-beyond-the-hype-utility/?utm_source=rss&utm_medium=rss&utm_campaign=nfts-beyond-the-hype-utility

The stock market is keeping the U. S. economy afloat while jobs stay flat and politics add more uncertainty. Consumer spending in August beat forecasts and incomes rose, even as many expected the country to already be near recession. Households and companies kept buying big items. Inflation was muted. Housing surprised with new home sales hitting […] source: https://www.cryptopolitan.com/us-stock-market-props-up-economy/

The European Central Bank (ECB) will not be used as a tool to clean up government fiscal failures, and anyone expecting that should stop now. That was the clear message from Olaf Sleijpen, the Dutch central bank governor, in an interview published by Het Financieele Dagblad. Olaf made it known that the Transmission Protection Instrument, […] source: https://www.cryptopolitan.com/ecb-olaf-sleijpen-wont-bail-out-governments/

Federal Reserve Board Governor Bowman: The Federal Reserve FOMC should now take decisive and aggressive action to address the weakening vitality of the labor market and emerging signs of fragility. (Jinshi)

Federal Reserve Board Governor Bowman: Strongly supports the Fed holding only Treasury bonds. (Jinshi)

This is another important leap after BUIDL AI 3.0 fully promoted the fully automated hackathon community, marking the entry of developer relations (DevRel) into the era of automation.

I really like Ray Dalio’s The Changing World Order model because it forces you to look beyond the local perspective and see the big picture.

Yesterday, ChatGPT released a new feature called "Pulse." After trying it for nearly two days, I immediately had a strong impression: this is a true "TikTok killer" product.

This article will deeply analyze the innovative applications in the Hyperliquid ecosystem, explore how these projects build sustainable competitive advantages for Hyperliquid in the fierce market competition, and attach interactive methods.

Future airdrops may no longer be a free lunch, but a crowning of the value of real capital and deep participation.

WIFT is working with several large international banks and has selected the Ethereum Layer 2 network Linea as a blockchain testing platform, attempting to move its traditional cross-border payment message system "on-chain."

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Buffett liquidated his BYD holdings. This was a consensus reached during Munger's lifetime. He sensed the risk and quietly withdrew. It seems that the old ones are still the best.

Golden Finance has launched the 2829th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

"Derivatives are the holy grail of DeFi." As early as 2020, the market has reached a consensus that on-chain perp protocols are the ticket to the second half of DeFi.