Robinhood Lists Small-Cap Altcoins, Triggering Up To 880% Price Surges; JUGGERNAUT Hits $20 Million Market Cap, FRONG Reaches $15 Million

According to market data from BIT (Bit.com), rising expectations of a Federal Reserve interest rate hike triggered a collective intraday drop in the three major U.S. stock indexes: the Dow Jones Industrial Average fell 0.44% on the day, the Nasdaq declined 1.26%, and the S&P 500 dropped 0.64%. Semiconductor stocks weakened across the board: SK Hynix (SKHY.O) fell 4.1%, Intel (INTC.O) dropped 3%, SanDisk (SNDK.O) declined 3.2%, and TSMC (TSM.N) slipped 1.7% following its earnings release.

According to monitoring by ai_9684xtpa, the address 0xaaa…4a26e spent 4.82 million USDT to purchase 1,951 ETH six hours ago, at an average cost of approximately $2,469.6. The address has reopened its ETH position after a five-month hiatus, and has subsequently deposited the acquired ETH into Morpho.

According to a new paper published by researchers from Theta Labs, the Ethereum Foundation, StarkWare, and other institutions, the resources required for key computational steps in potential quantum attacks on Bitcoin (BTC) and Ethereum (ETH) are over 50% lower than the estimates previously released by Google’s Quantum AI team. The study’s proposed quantum circuit design needs only around 1,151 logical qubits, and uses approximately 1.3 million Toffoli gate operations to complete the relevant calculations, with a composite score of roughly 1.5 billion—below Google’s previously announced level of around 3 billion. The research primarily optimized the point addition calculation step in Shor’s algorithm, which theoretically allows a sufficiently powerful quantum computer to derive private keys from public keys. Jieyi Long, one of the paper’s lead authors and CTO of Theta Labs, noted that quantum attacks are not currently imminent, but quantum-resistant migration will take many years and cannot be remedied after an attack occurs.

According to GMGN data, USELESS has dropped 14% in the past hour, with its current market cap standing at $227 million. An hour ago, Bonk Guy once again hyped USELESS on social media, claiming: "USELESS is the memecoin of this bull run, basically destined to reach a multi-billion dollar market cap. During this recent dip, many new holders have also flowed into USELESS. Ahead of Q4, every pullback in this price range is a buying opportunity."

After the release of PPI data, markets have ramped up bets on the Federal Reserve raising interest rates at next week’s meeting. Earlier this week, the first key inflation report showed that U.S. producer prices rose 5.4% in the 12 months ending in August. Prior to this report, markets had priced in a roughly 65% probability of the Fed hiking rates by 25 basis points at its September 15-16 meeting. According to CME Group’s federal funds futures contract prices, that probability has now climbed to around 70%. (Jin10)

Jiang Zhuoer, founder of crypto mining pool B.TOP (莱比特矿池), stated in a post that following the release of the latest U.S. PPI data, the probability of the Federal Reserve raising interest rates has climbed to 70%. He anticipates tomorrow's CPI data will not be favorable, and has prepared to go short.