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Viewpoint: The so-called "10-year AI demand visibility" is a lie; storage, ABF substrates, and power are the hidden bottlenecks
Beating AI News: Semiconductor research institution P Equity Research analyst Mr. P stated in a podcast on September 26 that the market's claim that mega cloud providers have "10 years of demand visibility" is not credible. Cloud providers find it difficult to predict demand changes two years ahead, and AI infrastructure investment will ultimately still be constrained by cyclical spending.
In the short term, AI inference demand will continue to drive growth in storage products such as HBM, DRAM
From Bybit to Bitget: Why is THORChain repeatedly becoming the "perfect laundering exit" for hackers?
According to statistics, between 2023 and 2026, known illicit funds processed through THORChain reached as high as $9.27 billion, with the protocol and nodes earning over $12 million in fees.
On September 26, 2026, about $387.5 million was stolen by hackers from the Bitget platform. On-chain tracking showed hackers transferring over hundreds of millions in stolen XRP, BNB, and other assets into @THORChain to exchange for native BTC, which is difficult to recover. Bitget CEO @GracyBitget officially questioned THORChain on the X platform: "Decentralization is a design principle, not a shield to greenlight known stolen funds."
In response to the accusations, THORChain remained firm: the protocol, like Bitcoin and Ethereum, is a permissionless network and has neither the authority nor the role to act as an enforcer or censor.
However, alongside the surge in fee income from hacker exchanges, RUNE’s price and trading volume soared. On one side is the anger of victims and industry security agencies; on the other is the ruthless celebration of protocol revenue and token price—THORChain is once again at the epicenter of the clash between justice and neutrality.
1️⃣ Unwrapped Cross-Chain: The "Perfect Exit" for Money Laundering
Why do hackers favor THORChain so much? The answer lies in its unique mechanism design.
Typical cross-chain bridges often require assets to be wrapped into mapped tokens (like WETH, USDC), with issuers (such as Circle, Tether) having blacklist and freezing capabilities. But THORChain enables native asset swaps without wrapping, allowing attackers to enter and directly convert into native BTC, which has no centralized control.
From the 2025 Bybit $1.4 billion case (about $1.2 billion laundered through it), to the April 2026 KelpDAO case ($175 million cross-chain), and now the Bitget incident, statistics show that from 2023 to 2026, over $9 billion in illicit transactions flowed through THORChain, contributing over $10 million in fees to the protocol and liquidity providers (LPs).
Every time the industry suffers a catastrophe, THORChain’s fee pool ironically gets a big boost.
2️⃣ The So-Called "Non-Intervention": Lack of Capability or Governance Will?
THORChain officially compares itself to Bitcoin and Ethereum, claiming it "has no right to interfere." But this claim is completely untenable in the eyes of authoritative security experts and exchange founders.
OKX founder @star_okx sharply pointed out: "TSS (Threshold Signature Scheme) distributes control among multiple parties and decentralizes intermediaries, but it does not eliminate intermediaries." Bitcoin has no committee that can decide to "shut down temporarily," but THORChain does.
On-chain historical evidence casts huge doubt on this "non-intervention":
· Multiple attacks in 2021: nodes reacted quickly by isolating, halting trades, fixing routing, then restarting.
· May 2026 "self-theft" incident: malicious nodes withdrew $10.7 million; the official auto-detection plus manual voting instantly shut down the network for 39 days for repairs.
· 2025 Bybit case: 3 validators voted to pause ETH trades to block North Korean hackers, but within minutes 4 other votes overturned it; lead developer Pluto even resigned angrily due to dissatisfaction with this "selective non-blocking."
As SlowMist’s Yuxian questioned: why can the protocol quickly shut down for 39 days when its own treasury is drained, but when a massive hacker case with clear on-chain address identification occurs, it claims "no right to interfere" and continues to rake in fees from hackers?
This proves one thing: THORChain has always had the technical ability to intercept stolen funds; what it lacks is the governance will.
3️⃣ Decentralization Should Not Be a Shield for Exploitation
Decentralization and censorship resistance are undoubtedly the core foundations and beliefs of Web3. However, when a protocol acts as "permissionless infrastructure when it benefits me, but as a permissioned software when it involves my losses," it shows not a commitment to decentralization but blatant selective double standards.
Cross-chain protocols are stuck between convenience and compliance. For RUNE holders, the short-term trading spikes from hacker exchanges may look attractive, but in the long run, the compliance costs and reputational backlash from being widely recognized as a "laundering and exit terminal" for black and gray market activities will have to be paid back doubly on the same bill.
Goldman Sachs: No need to wait for the midterm elections, the "Goldilocks" scenario may ignite the U.S. stock market's year-end rally early
BlockBeats news, on September 27, Goldman Sachs believes that the market may currently be overpricing stagflation and the risk of rising U.S. Treasury yields. With the weakening impact of tariffs, potential declines in energy prices, and cost reductions driven by AI technology, U.S. inflationary pressures are expected to ease; meanwhile, although economic growth may slow, corporate core earnings remain resilient. In this "Goldilocks" scenario, enthusiasm for AI investment may reignite, and the U
Vitalik: In the future, Ethereum will shift from a "blockchain" to a "cryptoverse computer"
BlockBeats news, on September 27, Ethereum co-founder Vitalik Buterin published a new article titled "The cryptographic world computer," stating that through technological evolution over the coming years, Ethereum will gradually become a system fundamentally different in architecture from traditional blockchains. Vitalik believes that Ethereum currently already possesses capabilities such as general-purpose computation, PoS, zero-knowledge proofs, and L2 scaling, and in the future will further i
Hyperliquid's next network upgrade will lower the funding rate cap from 4% per hour to 0.5% per hour
BlockBeats news, on September 27, Hyperliquid announced that based on user feedback, Hyperliquid will lower the funding rate cap from 4% per hour to 0.5% in the next network upgrade. The official statement said that this cap is rarely reached in actual operation.
In addition, based on developer feedback, Hyperliquid will also adjust the deployment limits of the HIP-4 result contracts: the maximum number of active result contracts a single deployer can have simultaneously will increase from 100
Loracle's HYPE short position has already incurred over $550,000 in funding fees, with an unrealized loss of $2.97 million on the short position
BlockBeats news, on September 27, according to TradingBeats monitoring, trader Loracle currently holds a 3x leveraged short position of 104,600 HYPE tokens. This short position has generated over $550,000 in funding fees, with an unrealized loss of $2.97 million:
Opening price $64.70, liquidation price $123.63, total position value reaching $9.74 million.
Loracle's overall on-chain unrealized loss has narrowed to $9.82 million.
Fed's "Higher Rates for Longer" Expectation Intensifies as Employment and Consumption Remain Resilient
BlockBeats news, on September 27, Bloomberg and Reuters surveys show that economists expect the US nonfarm payrolls in September to increase by about 90,000 and 100,000 respectively, with the unemployment rate remaining between 4.1% and 4.2%.
Meanwhile, Bloomberg expects US real personal consumption expenditures in August to grow by 0.5% month-over-month, which would be the largest increase in over a year if realized. The continued resilience in employment and consumption indicates that US econ
Trump faces increased pressure from midterm elections, some candidates call for a US-Iran ceasefire
BlockBeats news, on September 27, The New York Times reported that as the war in Iran continues to push up gasoline, diesel, and heating fuel prices, the political pressure on the U.S. Republican Party ahead of the November midterm elections is increasing. Some Republican candidates who previously supported the war have begun to publicly call for an end to the conflict. U.S. President Trump recently indicated the possibility of escalating military actions against Iran and on September 26 rejecte
DYORSWAP: Will compensate users affected in the "Fake GIWA Mainnet" incident through treasury funds
BlockBeats news: On September 27, multi-chain DEX DYORSWAP posted on social media confirming that the network previously identified as "GIWA Mainnet" was actually a fake chain set up by scammers. This fake network used the correct GIWA Chain ID (9134), making it appear legitimate during initial verification. The project team also stated that some suspicious messages and individuals have been found in the related community, possibly connected to this incident.
DYORSWAP stated that some users hav