Security Alert: Users who have previously traded NFTs on Magic Eden’s Ethereum marketplace are advised to revoke authorizations for the Limit Break contract.

Bullish, Equiniti, Alpaca, Apex Fintech Solutions, and DriveWealth have established the Issuer-Supported Token Alliance, which aims to link on-chain stocks directly to official corporate shareholder registers, enabling token holders to access full shareholder rights including voting, dividends, and corporate actions. The alliance will research technical standards, settlement, custody, and interoperability between traditional financial infrastructure and blockchain, and plans to discuss practical tokenized share schemes with listed companies at the New York Stock Exchange on October 27. To date, the alliance has not launched any new tokenized stock products.

Leonidas, a core member of the Bitcoin Rune DOG community, has published a lengthy open letter to Bitget CEO Gracy Chen, criticizing the exchange’s highly unusual decision to delist DOG just hours after a hack, while withdrawals remained frozen. The delisting announcement, paired with frozen withdrawals and a trust crisis stemming from the hack, caused a significant price deviation for DOG on Bitget, resulting in losses for long-term holders who trade regularly on the platform. Leonidas noted that DOG boasts a market capitalization of over $100 million, has been listed on Bitget for two and a half years with a cumulative trading volume exceeding $1 billion, and has a far larger community than many small-cap tokens still traded on the exchange. On behalf of the community, he formally demanded Bitget reinstate spot trading to resolve the abnormal market situation, while also wishing the exchange a speedy recovery of stolen assets and proper handling of the hack’s aftermath.

Morgan Stanley has adjusted its previously bearish outlook on the U.S. dollar, forecasting that the greenback’s strength will persist through mid-2027. The bank projects the U.S. Dollar Index will rise to 104 by then, while the euro could fall from its current level around $1.14 to $1.10 against the greenback. The report cites expectations of further Federal Reserve rate hikes, U.S. economic resilience, and persistently high energy prices as factors that will sustain America’s relative interest rate advantage and continue to underpin the dollar. This outlook aligns closely with recent market conditions. On September 25, the 10-year U.S. Treasury yield remained near the 5.2% mark, with the U.S. Dollar Index trading around 101. While U.S. stocks stabilized at the open on optimism over artificial intelligence, and bitcoin hovered around $84,900, elevated yields continued to weigh on valuations of risk assets. Morgan Stanley had earlier revised its Fed rate path to include two 25-basis-point hikes in December this year and March 2027, lifting the federal funds rate range to 4.25%-4.5%, which is likely to be maintained through 2027. For the foreign exchange market, this means the U.S.’s interest rate advantage over other major economies will be slow to narrow. The report also flags European political risks as an additional headwind for the euro, including the French presidential election in spring 2027 and electoral risks in Germany and Italy. If the euro’s risk premium continues to rise, it will work in tandem with the U.S. interest rate advantage to boost the dollar.

PAID official announcement: The platform has successfully distributed $1.44 million to X Money users via its token creator fee automatic revenue-sharing tool. Paid previously launched its token issuance feature on Pons on the 19th. The official stated that 80% of fees will be sent to X users via X Money, while 20% will be converted to SOL for PAID token buybacks. Token issuers can send fees via X Money by adding an X Handle to their project description. Additionally, celebrities on X do not even need to register for Paid or provide consent to receive fund distributions through X Money. According to GMGN market data, PAID’s market cap on Solana has now exceeded $40 million, with a 24-hour increase of over 360% and trading volume of $32.8 million in the same period. On-chain data shows that Frank DeGods, founder of DeGods, purchased PAID approximately four days ago, investing roughly $145,000 to $169,000 and holding tens of millions of tokens. BlockBeats reminds users that related token prices are highly volatile, so investment requires caution.

U.S. stocks remain resilient amid pressure from high oil prices and elevated yields, with AI themes continuing to underpin tech sector performance. Goldman Sachs’ latest calculations have shifted market focus further toward the revenue side: top U.S. AI cloud vendors will need to generate roughly $300 billion in annualized AI revenue over the next several years to cover their current massive investments; for cloud vendors to achieve meaningful returns and the application layer to sustain high profit margins, end-users’ annual spending on AI applications will need to approach $1 trillion. Goldman Sachs analyst Ryan Hammond forecasts that hyperscale cloud vendors’ capital expenditure will reach around $800 billion in 2026, with the market consensus for 2027 standing at roughly $1.1 trillion. Goldman Sachs’ baseline scenario is that actual 2027 spending may still exceed consensus expectations, though the growth rate and the degree of upside surprise will gradually slow. For AI operations already reliant on data centers, GPUs, storage, and networking equipment, capital expenditure is not nearing a sudden contraction point; the market will closely monitor how much cloud revenue and profit each dollar of investment generates. The report does not simply turn the AI narrative into a pessimistic outlook. Goldman Sachs notes that hyperscale cloud revenue in Q2 has added roughly $70 billion in annualized terms compared to pre-AI boom trends, with announced revenue backlogs exceeding $1.5 trillion. Enterprise AI procurement remains in its early stages, and the recent acceleration in corporate spending will make AI’s impact on corporate profits clearer over the coming quarters.

According to GMGN data, Ethereum mainnet AI-themed token IMD has hit a new all-time high market cap of over $39 million, and has since pulled back to $31 million, with a 24-hour trading volume of $2.1 million. IMD is an older token on the Ethereum mainnet, having evolved from a chain game pet token to an experimental project featuring "community-provided computing power, AI labor, and token deflation." Its predecessor was Fren Pet, an electronic pet game launched on Base in 2023, later renamed VIBE, and rebranded as IMD in May 2026. Its current narrative centers on building an "AI cooperative": users holding qualified NFTs can connect their computers and Claude/Codex quotas to the network, enabling AI agents to collaboratively write code, audit smart contracts, and develop applications, with rewards distributed for completed projects. The token uses the POOL4 mechanism, where a portion of IMD is allocated from transactions—most of which is burned, with the remainder distributed to stakers and nodes. BlockBeats reminds users that token prices are highly volatile, so investment requires caution.