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Morgan Stanley Increases Bitcoin Holdings by 42.98 BTC, Total Holdings Reach 9,261 BTC

On September 26, Morgan Stanley extracted 42.98 BTC, valued at approximately $3.6 million, from the Coinbase Prime hot wallet address through its spot Bitcoin exchange-traded fund MSBT. This brings Morgan Stanley's total Bitcoin holdings to 9,261 BTC, valued at approximately $779 million.

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  • Analysis: Global Debt Continues to Rise, Bitcoin Benefits from Declining Fiat Currency Purchasing Power

    On September 26, Forbes reported that Bitcoin approached $90,000 earlier this month. Meanwhile, global debt continues to rise, and the 'currency devaluation trade' surrounding the decline in fiat currency purchasing power has become one of the factors driving up assets like Bitcoin and gold. According to the Institute of International Finance (IIF), global debt increased by $10 trillion in the first half of this year, surpassing $365 trillion in total. U.S. debt has exceeded $40 trillion, with annual interest payments rising to $1.27 trillion, surpassing defense and Medicare expenditures, and only falling behind Social Security spending. The IIF warns that as benchmark interest rates rise, interest costs will also increase. Nic Puckrin, founder of Coin Bureau and cross-asset analyst, stated that the current environment is favorable for 'currency devaluation assets' like Bitcoin and gold, which is partly why Bitcoin has seen recent gains. The larger the debt scale of major economies, the more likely it is to suppress real borrowing costs and allow inflation to erode the real value of debt, thereby enhancing the attractiveness of such trades. Analysts from The Kobeissi Letter noted that the purchasing power of the dollar has declined by 23% since 2020, and U.S. inflation has been above the Federal Reserve's 2% target for 60 consecutive months.

  • Goldman Sachs: Six Tech Giants Need to Generate $1.42 Trillion from 2028 to 2030

    On September 26, Goldman Sachs released a research report on the U.S. technology industry, conducting a quantitative analysis of the return on investment for large cloud providers as they continue to expand their capital expenditures in artificial intelligence (AI). The report focuses on six major U.S. tech companies: Alphabet, Amazon, Microsoft, Meta, Oracle, and SpaceX, and performs a stress test on their computing power investments from 2026 to 2027. Assuming an average upfront investment of approximately $42 billion per gigawatt (GW) of computing power, with 70% of capital expenditures allocated to hardware and 30% to data center construction, while incorporating conservative depreciation rules and ongoing operational costs, Goldman Sachs estimates that these six companies must collectively generate about $1.42 trillion in revenue from 2028 to 2030. This equates to approximately $11.6 billion in annual revenue per GW of computing power to achieve a 15% annualized return on invested capital (ROIC) for this round of AI computing investments. Goldman Sachs believes that the commercial value associated with different tokens varies, and the returns on AI capital expenditures will not be uniform. However, considering the market growth potential over the next 3 to 5 years, the firm still expects that capital invested in the AI sector over the next 18 months will maintain a good overall return on investment.

  • CZ: Welcomes More DEX Competition, Does Not Oppose Hyperliquid

    On September 26, Binance founder CZ stated during the podcast "WhenShiftHappens" that he does not oppose Hyperliquid and welcomes more centralized and decentralized trading platforms to participate in innovation, as the industry is far from saturated. He estimates that the proportion of the population holding some form of cryptocurrency is about 5% to 15%, but based on personal wealth allocation, the penetration rate of crypto assets may be less than 1%, indicating that the industry is still in its early stages. CZ mentioned that some members of the Hyperliquid community have attempted to build their community by criticizing centralized trading platforms and Binance, but he views this as normal competition and does not oppose the project. Previously, Trump mentioned Hyperliquid, which is very positive for the industry. Assets like HYPE, BNB, and Bitcoin could all benefit from the overall growth of the industry. CZ also pointed out that first movers do not necessarily become the long-term biggest winners. Google, Facebook, and Binance were not the first products in their respective fields, and later entrants can often optimize further based on the groundwork laid by pioneers. Although he holds a significant amount of Binance shares and BNB, the centralized trading platform is just part of his asset allocation; rather than expanding a single platform, he hopes to promote the growth of the entire crypto industry.

  • Bitget CEO Confirms $387.5 Million Hacker Attack but Plans IPO Within Three Years

    On September 26, Crypto Briefing reported that Bitget CEO Gracy Chen stated that despite the platform being hacked on September 24 at 18:31 UTC, resulting in a loss of $387.5 million, the company still plans to go public within three years. The stolen assets included approximately 103 million XRP (about $157 million) as well as ETH and USDT, while the cold wallet was unaffected and no private keys were leaked. Chen noted that the characteristics of the attack were similar to previous actions by North Korean hacker groups, based on IP and transaction pattern analysis. Law enforcement has been notified, and on-chain tracking has been initiated, with Mandiant and SlowMist assisting in the investigation. Withdrawals remain suspended. Bitget's user protection fund exceeds $464 million, which can fully cover the losses with approximately $76 million remaining. Chen mentioned that in 2026, the AI and aerospace sectors would attract investors' attention, making the IPO environment challenging.

  • Bitget CEO Calls on THORChain: Refuse Service to Attackers' Addresses

    On September 26, Bitget CEO Gracy Chen posted on the X platform stating that the addresses of the attackers from Bitget have been publicly listed and are being actively tracked. The platform formally requests the cross-chain protocol THORChain to refuse service to these addresses. She emphasized that decentralization is a design principle and should not serve as a shield for facilitating known stolen funds, stating, 'The entire industry is watching.' Previously, blockchain security firm MistTrack pointed out that following the Bitget security incident, funds related to the Bitget attackers were again observed being transferred to THORChain for asset exchange and cross-chain transfer, publicly questioning the protocol's responsibility for facilitating large cross-chain exchanges when it is aware that the funds come from a publicly identified major hacking incident.

  • U.S. Spot Solana ETF Sees Record Daily Net Inflow of $80 Million

    According to Crypto Briefing, on September 25, the U.S. spot Solana ETF recorded a daily net inflow of approximately $80 million to $87 million, more than doubling the previous daily record of $33.5 million set in August. For the week, inflows reached $181 million, bringing the total net inflow to over $1.6 billion, with total assets under management ranging between $1.8 billion and $1.96 billion. Among these, Bitwise's staking-supported BSOL attracted about $55.7 million in a single day, accounting for roughly two-thirds of the total for that day; since its inception on October 28, 2025, BSOL has cumulatively represented about 80% of inflows in this category (approximately $1.22 billion). Grayscale's GSOL saw a daily increase of about $18.5 million, ranking second, while Fidelity's FSOL and Morgan Stanley's MSOL contributed less. During the inflow period, the price of SOL was around $120. Analysts suggest that the ability to support staking and yield generation is a core advantage that distinguishes these funds from Bitcoin ETFs.

  • Hyperliquid Assistance Fund Repurchases and Destroys Over 47.5 Million HYPE Worth $4.366 Billion

    According to monitoring, the Hyperliquid assistance fund has repurchased and destroyed over 47.5058 million HYPE, with a total purchase cost of approximately $1.321 billion, currently valued at around $4.366 billion.

  • Fidelity Executive: Bitcoin Power Law Model Indicates New Bull Market Cycle, Target Price of $300,000 by 2029

    On September 26, Jurrien Timmer, Global Macro Director at Fidelity Investments, stated on social media that the mathematical calculations of Bitcoin's 'power law' continue to indicate that a new cyclical bull market is forming after holding the $60,000 level, with a target price of $300,000 by 2029. Timmer also included a chart illustrating Bitcoin's power law valuation as evidence. It should be noted that the power law model is a long-term trend fitting tool, and its extrapolated prices are not deterministic predictions; actual trends are still influenced by liquidity, regulation, and changes in market structure.

  • Foreign Ministry Spokesperson Answers Questions on Artificial Intelligence

    On September 26, a reporter asked: We noticed that during the introduction of the results of this visit, the U.S. side used 'superintelligence' instead of 'artificial intelligence.' What is China's comment on this? The spokesperson responded: During the meeting between the Chinese and U.S. heads of state, in-depth discussions were held on the issue of artificial intelligence. Regarding the terminology of artificial intelligence, China values the U.S. position and respects their phrasing. The technology of artificial intelligence is continuously evolving, and all parties can strengthen communication, engage in in-depth discussions, and seek consensus based on the latest developments.

  • Iranian President: We No Longer Trust Negotiations with the U.S.

    On September 26, Al Jazeera reported that Iranian President Ebrahim Raisi stated that Iran "no longer trusts negotiations with Washington" because the U.S. has repeatedly launched attacks and imposed sanctions after each round of talks. Qatar and Pakistan are currently mediating between Iran and the U.S., relaying Tehran's messages to Washington. Raisi also mentioned that negotiations should be based on the memorandum of understanding previously signed by the two countries, adding that the Americans must clarify their position regarding this memorandum. Furthermore, he attributed the closure of the Strait of Hormuz to the U.S., stating, "It is the U.S. that has blocked our path." When Iran's path is obstructed, closing the Strait of Hormuz is a natural response. The crisis in the Strait of Hormuz can be resolved through negotiations rather than the use of force. If negotiations lead to a resolution of disputes, the waterway "will remain open for trade."

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