According to Jin10, traders said the Reserve Bank of India may sell U.S. dollars to limit the rupee's decline under pressure from oil prices.

XtalPi-P (01879) fell as much as 10.0% to HK$311.4 and slipped below its 50-day moving average of HK$317.048, according to ETNet. The stock was last down 9.6% at HK$313.4, after touching a high of HK$340. It traded 284,500 shares for HK$91.77 million. The active buy-sell ratio was 36:64, with net active selling of HK$25.77 million. The stock has fallen for two straight sessions, bringing the cumulative decline to 15.6%.

Jinzizi (688291.SH) said on September 7 that it is planning to acquire control of Shenzhen Zhibotake Technology Co. through a mix of share issuance and cash, while also raising supporting funds. The company said the deal will not change its actual controller and will not constitute a backdoor listing; its shares have been suspended since the open on September 8 for no more than five trading days, according to Jiemian News. Jinzizi said it has signed a share purchase intention agreement with Zhibotake's main shareholders, including Lin Zirong, Yang Zhiming, Cao Zhiqiang, Shenzhen Zhiju Phase I Enterprise Management Partnership and Shenzhen Zhiju Phase II Enterprise Management Partnership. Zhibotake was founded in September 2015, has registered capital of 5.2632 million yuan, and focuses on high-end optical scanning galvanometers and related solutions. Jiemian News reported that the target's products are used in laser marking, welding, cutting, 3D printing, new-energy vehicles, photovoltaics, hardware processing, handheld laser tools and medical OCT imaging. The article said Zhibotake's headcount rose from 52 in 2021 to 164 in 2025, and the company said its high-end scanning galvanometer products hold more than 30% of the China market. An industry researcher cited by Jiemian News said the global laser galvanometer market was about $827 million in 2024, while China's overall localization rate has reached about 70% and the high-end segment about 15%. Jinzizi said the acquisition is still at the planning stage and the price and terms have not been finalized. The company said the transaction still needs board and shareholder approval as well as review by the Shanghai Stock Exchange.

According to CNBC, China warned the Philippines to stop “theatrics” after Philippine Defense Secretary Gilberto Teodoro Jr. rebuked Beijing at the Seoul Defense Dialogue and read a note from the Chinese side during the panel. The message restated China’s rejection of the 2016 South China Sea arbitration ruling, while Teodoro accused Beijing of “coercion, bullying and aggression” in the South China Sea. Chinese foreign ministry spokesperson Mao Ning said Beijing urges the Philippine side to cut provocations and stop undermining China-Philippines relations and stability in the South China Sea. Teodoro has been sanctioned by Beijing since June, barring him, his wife and child from entering Chinese territory over what China called erroneous remarks against China.

According to Jin10, TDS analysts said the yen's near-term direction will depend on how hawkish the Bank of Japan's forward guidance is next week, as markets have already fully priced in a September rate hike by the central bank. If the guidance does not include an October or December hike, the yen may be sold off and fall back to the 157-160 range, while it could also weaken against higher-yielding emerging-market currencies such as the Indonesian rupiah. Conversely, if Bank of Japan Governor Kazuo Ueda signals any faster-than-quarterly pace of rate hikes, foreign exchange investors are likely to interpret it as hawkish. TDS expects that if post-meeting market pricing for the Bank of Japan's future rate-hike path shows rates reaching around 2% in the second quarter of 2027, the yen's appeal as a funding currency for global carry trades will gradually diminish.

The Hong Kong dollar overnight HIBOR rose to 2.28%, while the one-week rate was 2.46% and the one-month rate was 2.88%, according to ETNet. The two-week HIBOR stood at 2.51%, the two-month rate at 2.97%, the three-month rate at 3.06%, the six-month rate at 3.25% and the one-year rate at 3.59%. The USD/HKD spot rate was quoted at 7.8411/19, while USD/CNY rose to 6.7105/12. The one-year RMB non-deliverable forward was quoted at 6.5526/34, implying a discount of 1,529 points versus spot.

Castle Labs released a research report on September 10 comparing the execution costs of Variational’s swaps product with traditional perpetual contracts. According to ChainCatcher, the report said Variational is currently the lowest-cost venue among listed assets for most trade sizes, with a $1 million trade in the US100 market costing $47. The report said RWA perpetual trading volume rose from less than $100 million in October 2025 to more than $12 billion in August 2026. It now accounts for about 12% to 13% of on-chain perpetual trading volume, after briefly reaching 20% in July. As of the report’s release, total open interest in RWA perpetuals stood at $490 million, with TradeXYZ and Variational together accounting for nearly 90%. Variational’s swaps use RFQ execution and its proprietary liquidity provider Omni, with liquidity sourced directly from traditional finance partners. Instead of funding rates tied to market supply and demand, the product charges a holding cost once at daily close. The first markets launched, including US100, US500, XAU, XAG, and USOIL, have generated $380 million in trading volume since the start of the month, with open interest peaking at $245 million. Swaps now account for more than 50% of Variational’s daily trading volume and over $220 million in open interest.

Wharton School finance professor Jeremy Siegel said he expects the Federal Reserve to raise interest rates next week, citing rising oil prices and long-term bond yields. According to BeInCrypto, Siegel said a hold could hurt Fed Chair Kevin Warsh’s credibility, while a hike could trigger an immediate selloff before bonds and stocks recover. He also said this week’s CPI report could still sway the decision, with Brent crude above $100 a barrel and the 10-year Treasury yield near 4.90%.

Australia and New Zealand Banking Group (ANZ) said the traditional cycle in which Asia's trade surplus flows back to the United States and into U.S. Treasuries is gradually losing effectiveness. According to Sina Finance, senior China strategist Xing Zhaopeng said this means U.S. Treasury yields may need to stay above pre-pandemic levels for a long period to attract enough funds to absorb new supply. Xing said the traditional view is that economies with trade surpluses against the United States eventually invest their dollar income in U.S. Treasuries, and that Asia's excess savings have helped finance the U.S. fiscal deficit. He said that pattern is changing, with more surplus funds no longer flowing mainly into U.S. Treasuries. ANZ said many major Asian economies now use freely floating or managed floating exchange-rate systems, reducing reliance on foreign exchange reserves. It added that much of the dollar income is being retained and allocated by companies, insurers, funds, and other private investors, who demand higher returns and therefore find U.S. Treasuries less attractive. The bank also said more Asian economies are using trade surpluses to expand manufacturing capacity rather than increase financial asset allocations, citing Vietnam and India. It added that more dollar funds generated by trade surpluses are now circulating through Hong Kong and Singapore instead of being directly allocated to U.S. assets.

Liquid Network has restarted block production after a $320 million exploit drained about 4,000 BTC from its federation wallet, with 3,400 BTC later returned by the attackers. Transactions and peg operations remain suspended while Liquid fixes the Elements software flaw and works to restore the Bitcoin reserves, with about 598.5 BTC still outstanding.

Artificial Intelligence, LLM, Law, Policy Regulation, Rejecting Binary Opposition: Legal Evaluation and Evidence-Oriented Approach Should Be Adhered to for Large Model Distillation Practices. Golden Finance: Beneath the seemingly neutral appearance of large model distillation technology, where exactly are the legal boundaries?

PumpFun boasts one of the most profitable businesses in the crypto space, but it also suffers from issues such as insufficient transparency and weak token incentives. Whether it can effectively cope with the impact of Pons and StoneFun will be the key to testing whether it can maintain its competitive advantage.

Celebrity-issued cryptocurrencies are bound to go to zero; the MEME cycle will eventually recede. Don't mistake speculation for investment.

As TradeXYZ continues to add new trading markets, its share of trading volume within the exchange continues to rise. Each new trading market brings in a net increase in users, and several macroeconomic drivers throughout the year further accelerated this growth.

The bond market reacted ahead of Friday's CPI release. The 10-year US Treasury yield rose to 4.943%, and the probability of a Fed rate hike next week rose to 71%. The market is worried that the Fed may tighten again, and the real key will be whether the CPI can deliver the final blow.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse 8 AM," issue 3178, providing you with the latest and fastest news on the digital currency and blockchain industry.

From machine-payment tracks to autonomous procurement networks, an infrastructure migration revolves around "who will equip the buyer."

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

Japan's government bond yield has broken through 3% for the first time in 30 years, triggering global alarms.