Morgan Stanley said the market had been too optimistic on Meituan's food-delivery unit economics recovery and the normalization of competition in its in-store business, but recent share-price weakness has made expectations more reasonable and created an entry point, according to ETNet. The broker kept its forecast that food-delivery unit economics will recover to RMB1 per order next year and said the market has largely priced out concerns. It also said Meituan's long-term growth potential in other in-store businesses has not been fully reflected, leaving room for upside. Morgan Stanley maintained its Overweight rating and HK$110 target price. On competition, the broker said Douyin expanded aggressively in in-store dining in the first half of this year, narrowing the gap in gross merchandise value with Meituan, and expects competition to remain intense in the near term. It nevertheless expects Meituan's core competitiveness in other physical-store businesses to remain intact, with a 60% restaurant market share and continued share in other in-store businesses. Morgan Stanley said it remains confident in Meituan's long-term potential, but competition will pressure near-term profits. It forecast Meituan's core local commerce operating profit at RMB14 billion, RMB50 billion and RMB60 billion for 2026 to 2028. In e-commerce, it ranked Alibaba, Meituan, PDD and JD.com in that order.

Hong Kong stocks fell for a fifth straight session and hit a near two-month low as U.S. Treasury yields rose again and markets priced in a 70% chance of a rate hike next week, according to Ming Pao. Overnight U.S. equities declined, while U.S. futures were mixed this morning. Asian markets also weakened, with Japan's market down more than 3%, South Korea's market down more than 2%, Shenzhen's market down 2.7%, Shanghai's market down 1.8% and Taiwan's market down more than 1.5%. Hong Kong's decline was less than 1%.

According to Jin10, Xingyun Technology said the profit margins of its orders on hand are affected by upstream supplier purchase prices. The company said its core long-term contracts use a monthly delivery, monthly payment, and monthly revenue recognition model, and that if upstream supplier purchase prices rise or fall, signed but undelivered orders may still be subject to negotiated adjustments to service contracts based on market conditions. It also said it is constrained by multiple factors, including upstream hardware supply, procurement cycles, financing, production capacity, and delivery and operations capabilities, and that adverse changes in these conditions or weaker-than-expected resource access could affect revenue and profit realization in related businesses.

According to Sina Finance, the Central News Agency and the Hong Kong Economic Times, Asian equities broadly retreated at midday Friday after a hotter-than-expected U.S. August producer price index, a jump in oil prices to a near five-month high and 10-year Treasury yields approaching 5% lifted bets on a Federal Reserve rate hike next week to about 70%, pressuring rate-sensitive and metals sectors. Tokyo's Nikkei 225 sank to 63,630.11 as of 04:33 UTC, down 1,640.84 or 2.51%, with chip-related names among the heaviest losers; Advantest fell 7.40% and Tokyo Electron dropped 4.01%. Seoul's KOSPI, which opened down 3.29%, was at 6,853.07 as of 04:33 UTC, off 180.85 or 2.57%. Chip heavyweights weighed on the index, with Samsung Electronics down 4.18% and SK Hynix off 3.78%. Hong Kong stocks closed the morning session lower, with the Hang Seng Index down 0.85% at 24,742.51 and the Hang Seng Tech Index off 0.79% at the half-day break. Non-ferrous metal names slid, with Jiangxi Copper down 10.65% after LME copper tumbled on stalled U.S. tariff plans; property developers and storage-chip stocks also weakened, while Tencent bucked the trend, up 1.03% at HK$430.00, and Xiaomi added 1.23%. Taiwan's TAIEX was at 46,326.10 as of 04:32 UTC, down 1.31%, having fallen more than 900 points intraday to a low of 45,964 and breaching the 46,000 level; TSMC eased 1.22% to NT$2,420 and MediaTek fell 2.44%. In mainland China, the Shanghai Composite ended the morning down 1.82% at 3,862.73, the Shenzhen Component off 2.34% at 13,298.77 and the ChiNext Index down 2.04% at 3,270.35, with precious- and industrial-metal shares leading declines while defense and power names traded higher.

아서 헤이즈는 팟캐스트 프로그램에 출연해 전 세계 거시경제 환경과 암호화폐 시장의 전망에 대해 논의했다.

Ripple is adding AI agents to Ripple Treasury, the corporate treasury business it spent $1 billion to enter last year. According to NS3.AI, the tools can monitor cash, risk, and forecasts, and recommend actions. People must approve any action before it is executed.

PPP prediction market tool monitoring shows OpenAI's probability of having the best image editing AI on Polymarket at the end of September is 93%, up 43% over the past week. According to Odaily, the market will settle based on the company behind the model ranked first on arena.ai's "Image Edit Arena" leaderboard at 12:00 p.m. Eastern Time on September 30, 2026. The settlement will use the Image Edit Arena overall leaderboard filtered to "Models." Models marked "AutoEval" will not count, while models marked "Preliminary" may participate. If multiple models share the same rank, the one shown higher on the leaderboard will take priority; if they are still tied, the company names will be ordered alphabetically. If the leaderboard is temporarily unavailable at settlement time, the market will remain open until it can be checked again. If the leaderboard becomes permanently unavailable, the market will settle as "Other."

Asian refiners have bought large volumes of U.S. crude for October shipment, with 18 to 20 very large crude carrier slots already booked by mid-month. According to Sina Finance, the total purchase volume is about 36 million to 40 million barrels. The buyers include refiners in Japan, South Korea, Singapore, and other parts of Southeast Asia. The larger U.S. crude buyers so far include Cosmo Oil, Idemitsu Kosan, and SK Energy. Landed prices for U.S. crude shipped to Asia have continued to rise, and October-shipment cargoes were priced at about $30 a barrel above the Dubai benchmark this week. U.S. crude shipped in October on very large crude carriers typically arrives in Asia around December.

According to Jin10, Dubai Airport CEO Paul Griffiths said the new airport may place some areas underground to guard against possible future drone or missile attacks, and that fuel tanks and other critical infrastructure could be located underground while other areas may need additional reinforcement.

미국 당국은 개별 암호화폐 사기범들을 넘어, 동남아시아의 산업 규모 사기 센터들이 자금을 이동하고 세탁하는 데 도움을 준 혐의를 받는 금융 및 통신 인프라를 표적으로 삼고 있다.

AI 자본이 시장의 절반을 차지하면서, 시장 집중도 위험이 시스템적 임계점에 다다르고 있다.

공화당은 법안의 탈중앙화 금융(DeFi) 및 신용협동조합 관련 조항을 수정했으나, 다음 주 화요일 절차적 표결의 전망은 여전히 불투명하다. 백악관은 윤리 조항에 대해 여전히 입장을 밝히지 않고 있다.

리퀴드 네트워크(Liquid Network)는 3억 2천만 달러 규모의 해킹 공격으로 페더레이션 지갑에서 약 4,000 BTC가 유출된 후 블록 생성을 재개했으며, 이후 공격자들이 3,400 BTC를 반환했다. 리퀴드가 ‘엘리먼츠(Elements)’ 소프트웨어의 결함을 수정하고 비트코인 준비금을 복구하는 동안 거래 및 페그 운영은 여전히 중단된 상태이며, 약 598.5 BTC가 여전히 미회수 상태입니다.

인공지능, LLM, 법률, 정책 및 규제, 이분법적 대립 거부: 대규모 모델 증류 행위에 대해서는 법적 평가와 증거 중심 접근을 고수해야 한다. 골든 파이낸스, 대규모 모델 증류 기술의 중립성이라는 외관 아래, 법적 경계는 도대체 어디에 있는가?

PumpFun은 암호화폐 분야에서 수익성이 가장 뛰어난 사업 중 하나를 보유하고 있지만, 동시에 투명성 부족과 토큰 인센티브 연계가 미약하다는 등의 문제도 안고 있다. Pons와 StonkFun의 공세에 효과적으로 대응할 수 있을지가, 이 회사의 경쟁 우위를 지켜낼 수 있을지 여부를 가늠하는 핵심이 될 것이다.

유명인이 발행한 코인은 결국 제로가 되는 운명을 피할 수 없으며, 밈(MEME) 열풍도 결국 사그라들게 마련이니, 투기 행위를 투자로 착각하지 마십시오.

TradeXYZ가 지속적으로 새로운 거래 시장을 추가함에 따라, 거래소 내 거래량에서 차지하는 비중이 꾸준히 증가하고 있습니다. 새로운 거래 시장이 하나 추가될 때마다 순 신규 사용자가 유입되며, 연중 수차례 발생한 거시적 요인들이 이러한 성장세를 더욱 가속화했습니다.

금요일 CPI 발표를 앞두고 채권 시장이 먼저 움직이기 시작했다. 10년물 미국 국채 수익률은 4.943%까지 상승했으며, 다음 주 연방준비제도(Fed)의 금리 인상 확률은 71%로 높아졌다. 시장은 연준이 다시 긴축 기조로 돌아설 수 있다는 우려를 나타내고 있으며, 진정한 관건은 CPI가 결정적인 한 방을 날릴 수 있을지 여부에 달려 있다.