Market and Policy Developments
The Bank of England made a surprise move on September 17, announcing the cancellation of its planned long-term gilt sales. This decision is seen as a direct response to current market liquidity and interest rate conditions, potentially easing some pressure in the bond market.
Macroeconomic Indicators
U.S. Labor Department data showed initial jobless claims fell to 196,000 last week, coming in below market expectations. The employment figures again demonstrated the resilience of the American labor market.
In a new research report, Standard Chartered forecast that the Federal Reserve will implement a 25-basis-point rate hike in December 2026. This long-term projection contrasts with other institutions' near-term views, reflecting differing assessments of the future inflation path.
Technology and Capital Convergence
Chip Giant's Ambition
Nvidia founder and CEO Jensen Huang revealed in a public event that the company expects chip sales next year to double this year's volume. This aggressive forecast is based on the continuing explosion in demand for AI computing and signals a new phase of competition in the semiconductor industry.
Traditional Finance Embraces Blockchain
S&P Global announced the acquisition of blockchain security auditing firm OpenZeppelin, marking a significant expansion into on-chain services for the traditional financial data giant. Post-acquisition, S&P will be able to offer more comprehensive digital asset security solutions to its clients.
Concurrently, the U.S. Securities and Exchange Commission approved an innovative exemption, allowing certain tokenized National Market System stocks to trade on qualified on-chain venues. This decision opens a new compliant pathway for the blockchainization of traditional securities.
Financing and Market Innovation
Cloud service provider Coreweave announced plans to issue $3 billion in convertible senior notes, aiming to raise funds for the expansion of its AI infrastructure. This large-scale financing reflects continued capital market optimism toward AI computing power providers.
On the application layer, the token launch platform genius.fun has officially launched on BNB Chain, providing creators and projects with a new asset issuance tool. The platform emphasizes its low-barrier and user-friendly design philosophy.