adjustment

According to The Defiant, the floating borrowing rate curve for USDT in the Aave Ethereum market has been adjusted, and when liquidity in the pool tightens, borrowing costs will rise earlier.The interest on existing debt remains unchanged, and the new rate only affects the growth rate of the debt balance thereafter.

Morgan Stanley's Chief Equity Strategist Mike Wilson stated that despite the cooling enthusiasm for artificial intelligence trading and recent pressure on U.S. stocks, he maintains his forecast for the S&P 500 index to close at 8000 points by the end of the year. Morgan Stanley has set a tactical downside target for the S&P 500 at 7100 to 7200 points, slightly below the 200-day moving average, while the basic year-end target remains at 8000 points. Wilson noted that several upcoming clearing events, including the midterm elections, should mark the end of the current stock market adjustment.Wilson is relatively cautious about the semiconductor sector, believing that support levels may be significantly lower than current levels, but selling pressure may ease next month. The strategy team stated that as the market questions the timing and scale of revenue realization related to artificial intelligence, the semiconductor and other capital expenditure beneficiary sectors have become the epicenter of financing concerns; there are new doubts about the cost of capital for some participants and whether the credit market can provide sufficient funds to support related expenditures, as governments and non-AI-related capital expenditures are also competing for funds. The team indicated that given the possibility of more financing plans in the future, it is normal for the market to focus on the supply side, but this concern will persist until financing is completed.The five-year credit default swaps of the highly leveraged new cloud service provider CoreWeave closed above 1100 basis points last week, implying a default probability of about 50% on its debt within five years. Wilson's team believes that the adjustment in the semiconductor sector has entered its final stage, expecting this round of adjustment to end by mid-November; however, based on technical analysis and comparisons with the once-hot silver market, the sector may decline another 10% to 15% from current levels, with the Philadelphia Semiconductor Index potentially dipping to around 9500 points. Last week, the Nasdaq Composite Index fell a cumulative 0.7%, with a total decline of over 5% in the past two weeks; on Monday, Anthropic's public IPO prospectus boosted the AI sector, leading chip stocks to rise, and the Nasdaq Composite Index increased by 0.82%, closing at 26169.38 points.

Dongfang Gangwan Fund Chairman Dan Bin is making a "major adjustment" in the technology sector. According to statistics from Private Equity Ranking Network, as of the end of the third quarter of 2026, Dongfang Gangwan's overseas fund held a total of 13 U.S. stock targets, with a total market value of approximately $1.469 billion.From the perspective of industry distribution, AI remains a key focus for Dongfang Gangwan. As of the end of the third quarter, Google was the largest holding in Dongfang Gangwan's overseas fund. However, in terms of buying and selling actions, Dan Bin's preference for sub-sectors within the AI industry has changed significantly compared to the second quarter.According to statistics, in the third quarter of this year, Dongfang Gangwan's overseas fund reduced its holdings in targets such as Advanced Micro Devices (AMD), Broadcom, and Lumentum, which were newly purchased in the second quarter, while increasing its positions in storage giant Micron Technology, SanDisk, as well as Nvidia, Google-C, and Taiwan Semiconductor Manufacturing Company.

Cryptocurrency analyst Darkfost stated that this round of deleveraging is driven by factors such as price declines, chain liquidations, and traders actively closing positions to reduce risk. Looking back at July this year, Ethereum also experienced a more severe contraction in open contracts, followed by stabilization and a rebound, with an increase of over 32%, and the price once breaking through 2800 USD. Deleveraging is part of the market adjustment process, and such phases are often accompanied by panic sentiment, which may also occur at the tail end of an adjustment.The overall performance of the altcoin market has been weak over the past three weeks, with Ethereum's price correcting by about 15%, and its market capitalization shrinking by approximately 54 billion USD. In the derivatives market, Binance's ETH open contract volume decreased by 1.3 billion USD in the past month, a decline of nearly 20%, dropping to 5.7 billion USD; the total amount of ETH open contracts across the network has fallen to 11.5 billion USD.

The Hyperliquid Policy Council (HPC) stated that it has submitted a comment letter to the U.S. SEC in support of its proposed Regulation Crypto Assets and suggested 5 adjustments to the final rules to further clarify the regulatory boundaries regarding token issuance, airdrops, secondary market trading, and safe harbors.

Federal Reserve Governor Barr stated that there is a need to recalibrate policy, and the basic situation may require further policy adjustments.

Famous trader Doctor Profit stated that he has increased his Bitcoin short position to 13 million dollars, expecting BTC to undergo a correction, with a target price of 79,000 dollars.He will decide the next steps based on price performance after Bitcoin reaches that level. He emphasized that this short position does not indicate a bearish outlook on the long-term trend. He believes the Bitcoin bear market has ended, and the current expectation is merely a phase adjustment within the bull market; after the correction ends, the Bitcoin bull market will continue.

Goldman Sachs stated that the renewed rise in expectations for Federal Reserve interest rate hikes may trigger traders to unwind their hedge positions, leading to a more severe adjustment in gold prices than usual.

Less than 24 hours remain until the new pricing for the DeepSeek V4 Flash series takes effect (September 10, 12:00 SGT). With upstream price adjustments imminent, B.AI has prepared an exclusive stacking benefit for global developers to ensure top-tier computing power remains within reach. This upcoming benefit aims to further reduce invocation costs and unleash greater productivity—whether for high-frequency API calls, Agent workflow construction, or large-scale production-level deployments, all can operate continuously and efficiently with a lower burden. Specific benefits will be announced soon, so please stay tuned to B.AI's official updates and don't miss this boost in computing power.

Jack Yi stated that Bitcoin has risen for five consecutive days since the upward trend began on August 17, and entered a correction phase on August 22, with a correction period of about 19 days. He believes that this phase is a normal upward adjustment in the bullish process, with a range width of about $6,000, and the upper resistance level around 823.He pointed out that a bull market does not rise in a straight line, and market conditions are constantly changing. It is not advisable to short during a bullish trend, while attention should be paid to daily level adjustments. In addition to the overall market, there have been signs of a local bull market recently in RH on-chain, ZEC, and trading tokens, with market conditions approaching the strong bull market before 2020.

In response to netizens' claims on Threads that Google Taiwan's layoffs are at least 30% to 50%, with all senior executives being let go, Google Taiwan officially denied that the rumors are exaggerated. The official statement indicated that to make operations more efficient, reduce organizational levels, and prepare for the company's long-term development, the team has been continuously making adjustments to its workforce. As resources focus on core objectives and significant future opportunities, related adjustments will continue.Google has established its largest hardware R&D base outside the United States in Banqiao, New Taipei City. The official job vacancy website shows that there are 49 positions open in Banqiao and 32 positions in Taipei City. Recently, the AI infrastructure R&D center located in the Shilin District of Taipei City has expanded, with office space set to increase by 60%.

According to reports from the major factory, ByteDance recently held a briefing on Doubao stocks and introduced new policies for relevant employees: the price of Doubao stocks was adjusted from $14.85 per share in June to $17.02 per share, an increase of about 14.6%; the issuance of Doubao stocks was increased, with some employees reaching a total package of about 5%; employees can choose to convert a certain proportion of cash in their total package into Doubao stocks, with the proportion varying by job level.This adjustment mainly targets the large model departments under Seed (pre-training, multimodal, VLM, etc.) and the Doubao main APP team under Flow. From $13.08 in April of this year to $17.02 in August, the Doubao stock has increased by about 30.1% in less than half a year, which is about twice the increase of ByteDance options during the same period (approximately 14.5%).

According to official news, the Ethena Foundation announced four adjustments to the Ethena ecosystem, including repurchasing locked tokens held by early investors, further aligning the value of tokens with equity, launching a governance proposal for income to repurchase ENA, and canceling future monthly unlocks for VC investors.The Ethena Foundation stated that it has completed the acquisition of all locked ENA tokens from some major seed round investors who had sold ENA in the past 9 months. Regarding the alignment of token and equity value, the Ethena Foundation and Ethena Labs have reached a "Master Framework Agreement," which stipulates that the intellectual property and value generated by the agreement will exclusively belong to the foundation and be governed by ENA holders, while equity investors in Labs entities will no longer enjoy residual cash flow.In addition, the governance proposal for income to repurchase ENA has been launched. According to the proposal, the net income generated by all business lines under the Ethena brand will be used for programmatic repurchase of ENA, and the proposal has been approved by the Risk Committee. The Ethena Foundation also stated that it has reached an agreement with major investors to eliminate the selling pressure caused by future monthly unlocks for VC investors by releasing unallocated tokens. Team tokens will still remain locked according to the original allocation plan.

The Ethereum Foundation issued a reminder that the Glamsterdam upgrade will include adjustments to Gas fees (EIP-8037 and EIP-8038), involving changes to the costs of state creation and access. Most contracts will not be affected, but some contracts that rely on hard-coded Gas values and other old assumptions may need to be updated; otherwise, they may fail or experience performance degradation.

Yili Hua posted on platform X: "Continue to be bullish, minor adjustments over the weekend are just the bears taking a little resistance during a time of weak liquidity, which does not affect the trend. Strongly advise against shorting again; once it rises to a certain level, you can go long. Pullbacks will always occur at certain stages."

According to the Wall Street Journal, Solana Company (HSDT) announced its voting positions on the first three Solana governance proposals: supporting SGP-0001 "Solana Constitution," opposing SGP-0002 to accelerate inflation reduction, and SGP-0003 to change transaction fees from fixed to floating.The company stated that supporting the new governance system is due to its allowance for stakers to participate directly in voting and retain the right to overturn votes from delegated operators, which is beneficial for institutional participation in network governance. Regarding inflation and fee adjustments, the company expressed that it is not opposed to the direction but believes that the current entry of institutions is still at a critical stage, and changes in core economic parameters may affect the stability and predictability of the rules.

Market news indicates that Apple will implement several adjustments across the EU, including changes to the advertising transparency consent tool, which was previously reviewed by the German competition regulator.