Author: 行政

Arthur Hayes has a new market alarm for crypto traders: EUR/JPY. The pair has started to fall, yet the Federal Reserve channels that would turn currency stress into dollar liquidity remain dormant.The European Central Bank’s reference rate fell from 185.63 yen per euro on Sept. 1 to 181.21 on Sept. 3, a 2.38% drop. Hayes says a fall to 140 or below by June 2027 would herald a much larger increase in dollar liquidity. The latest reading still sits 29.4% above that threshold.That distance is crucial. The exchange rate is only the first link in a sequence that runs through…

Robinhood Chain’s rapid growth ran into two problems at once on Sept. 4 as the network briefly stopped producing blocks while AMC challenged its fast-growing Stock Token business.On Sept. 4, the Ethereum layer-2 network halted block production for at least 14 minutes, stalling transactions before activity began recovering. Robinhood had not publicly disclosed the cause of the interruption at the time of publication.The outage came roughly two months after the network’s public mainnet launch.Robinhood Chain’s rapid growth raises the stakesThe disruption comes after Robinhood Chain rapidly emerged as one of crypto’s highest-earning networks, making even a brief interruption in block…

The International Monetary Fund (IMF) says El Salvador’s Bitcoin reserve growth over the past year came from private donations, not new government spending.In its latest review of the country’s loan program, the global financial agency said documents supplied by El Salvador showed that Bitcoin accumulated since the previous review reflected private donations. It added that no public resources were used and said it expects no further accumulation beyond those documented contributions.The Fund also reiterated that earlier changes in El Salvador’s BTC position had not necessarily represented new buying. Related ReadingEl Salvador’s Bitcoin reserve faces an accounting reckoning under new IMF…

A rare 1893-S Morgan Silver Dollar, the lowest-mintage business-strike issue of the series, has sold for $1,181,250 at GreatCollections. 1893 S Morgan Silver Dollar PCGS MS 65 CAC Green Ex Clapp Eliasberg realized $1181250 at GreatCollections in August 2026 The Clapp-Eliasberg specimen, graded PCGS MS-65 and approved by CAC, drew 101 bids in an unreserved auction. The result established a new auction high for an 1893-S graded PCGS MS-65 and came in more than 50% above its then-current $775,000 PCGS Price Guide value. PCGS’s Sept. 4 Price Guide update raised the MS-65 value to $1.2 million. GreatCollections recorded more than…

Solana’s v1 transaction format promises more than three times as much room per transaction, but RPC clients, indexers, relayers and fee sponsors that are not ready for it can fail in two very different ways: some systems stop, while others keep running with the wrong resource limits.Solana’s live upgrade page still lists v1 as not activated on mainnet as of Sept. 4. Testnet is active and devnet is live in epoch 1140. A Solana changelog published Aug. 28 said v1 transactions were “coming soon,” leaving infrastructure operators a pre-activation window to update.V1 raises the maximum payload from 1,232 bytes to…

Bitwise has given the market a rare look inside an institutional XRP carry trade.The Bitwise Crypto Carry Fund, or USCC, paired XRP held in custody with an almost equal short position in September Coinbase XRP futures. The structure was 97.48% matched by quantity, leaving limited exposure to a parallel move in XRP while positioning the fund to collect the premium between futures and spot.At 4 p.m. EDT on Sept. 1, Bitwise’s holdings table showed 10,781,438.36 XRP in custody and a displayed futures quantity of negative 10,510,000. The futures row carried a 14.57% implied-yield label.The disclosure supports a specific conclusion about…

The Firo hard fork was 153 blocks away from activation early Friday, leaving wallet users and network operators only hours to install software that repairs an August vulnerability in the privacy coin’s Spark transaction system.The chain reached block 1,370,847 at 1:45:47 a.m. UTC on Sept. 4. The fork activates at block 1,371,000, which Firo estimated would arrive around 10 a.m. UTC. The block height, not the clock, determines when the new rules begin.Firo said wallet users, full-node and masternode operators, miners, exchanges and other service providers should upgrade to v0.14.18.0 before activation. Nodes left on older software will no longer…

Bitcoin’s next Federal Reserve test is split across two dates.The Federal Open Market Committee will decide policy on Sept. 16 after seeing August payrolls, producer prices and consumer prices. Official August personal consumption expenditures inflation, along with a Bureau of Economic Analysis annual update that will revise the PCE series, is not scheduled until Sept. 30.Governor Christopher Waller has already put a number on one part of that pending change. He said a new method for portfolio-management services could lower 12-month PCE inflation by a few tenths of a percentage point. That was Waller’s estimate for one component, not a…

A Michigan judge has placed prediction-market exchange Kalshi under a preliminary injunction that keeps its sports event contracts fenced off from people in the state until the court issues a final order. The ruling moves the dispute beyond a short-term restraint and into an open-ended compliance regime.Kalshi calls the products federally regulated event contracts, while Michigan treats the covered sports products as internet sports betting subject to state licensing. That classification fight explains why the order is more than routine sportsbook enforcement and why its reach is contested. Related ReadingKalshi court loss shows federal approval cannot erase state barriers What…

Japan’s 30-year government-bond auction cleared at a 4.079% average yield on Sept. 3, underscoring a tougher backdrop for future capital raised by Metaplanet to buy Bitcoin. The long bond is a market signal; the nearer test for the company is the price of shorter-tenor debt and refinancing.The average yield rose 14.2 basis points from 3.937% at the previous 30-year auction on Aug. 6. Japan’s Sept. 1 10-year auction averaged 2.995%, placing the 4% threshold at the long end rather than across the entire curve. The Bank of Japan, meanwhile, maintains an operating guideline of around 1% for the uncollateralized overnight…