Analysis: Excluding Bitcoin (BTC) that has been dormant for over 10 years, the market's profit supply ratio has remained at approximately 60% for several consecutive months.

Binance announced that it has completed the migration of Stargate Finance (STG) tokens to LayerZero (ZRO), with a distribution ratio of 1 STG for 0.08634 ZRO. Users can view ZRO distribution records and corresponding ZRO deposit addresses on Binance, while deposit and withdrawal services for the original STG tokens will no longer be supported.

Bitcoin fell to around $83,500 at one point on Wednesday, and is now trading around $84,200 amid volatility. It has dropped more than 2% from Tuesday’s high of roughly $86,500, but remains within the $83,000–$87,000 range it has formed over the past two weeks, and its months-long "stepped" uptrend structure has not yet been broken. Giottus CEO Vikram Subburaj noted that since July, BTC has formed a stepped trend via a series of sequentially rising sideways ranges: from mid-July to August 18, it fluctuated mainly between $62,000 and $67,000, then rallied 21% over three days; from late August to mid-September, it traded in the $76,000–$81,500 range, before climbing 6.6% between September 19 and 21, after which it has held in the $83,000–$87,000 range. Subburaj pointed out that $83,000 is the current key support level. A decisive break below this could signal a failed September breakout and a retest of the $80,000–$81,500 zone. Alex Kuptsikevich, chief market analyst at FxPro, takes a different stance, identifying the area around $84,000 as a more critical support level. A breach of this level could push BTC further down to $80,000.

Beating AI News: Elon Musk announced that Grok Bot will now select the most suitable backend model or API based on the task at hand. He specifically named Claude Opus 5.5, Midjourney, and Suno, noting that other mainstream AI models and APIs will also be utilized. As he put it, “We’ll go with whichever delivers the best results.” Grok Bot is a persistent AI agent launched by SpaceXAI. Each bot comes with its own cloud computer, enabling it to access web pages and applications to handle ongoing tasks including emails, spreadsheets, customer service, and programming. SpaceXAI previously trained Grok 4.7 specifically to understand the Grok Bot’s operational framework. Now Musk has clearly positioned this agent system on a multi-model path. Grok Bot can call external models and APIs such as Claude Opus 5.5, Midjourney, and Suno as needed for tasks. It functions more as an upper-layer agent responsible for task decomposition, model orchestration, and execution, no longer relying solely on Grok for its underlying operations.

According to EmberCN’s monitoring, two wallet addresses (likely belonging to the same whale or institution) withdrew a total of around 110 million "Lobster" tokens from KuCoin and Gate today. The withdrawal is valued at approximately $7.01 million at current prices, accounting for 11% of the token’s total supply. Meanwhile, the "Lobster" token has surged by over 40% today.

Cathie Wood’s ARK Invest sold a total of approximately $7.1 million worth of Robinhood (HOOD) stock on Tuesday via its ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW).

OKX has officially launched its new Pre-IPO stock USD X contract (X-Perp). The update applies to web, mobile app interfaces, and APIs. The supported trading pair is OURAUSD UM (X Contract). This Pre-IPO X contract is a USD-settled delivery contract, with its underlying reference being a company that has not yet completed its IPO, enabling users to trade changes in the company’s valuation. Users do not hold any equity; they only trade the price fluctuations of this delivery contract. Its pricing formula is: share price × total shares ≈ market capitalization. Once the IPO is completed, the delivery contract will gradually convert into a standard stock delivery contract.