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2026-09-22 · 3 high-impact headlines

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78

Extreme Greed

Headlines

Flash

  1. DeepSeek bets on Huawei training chips, Liang Wenfeng says 'must succeed'The Information , citing people familiar with the matter, reported that DeepSeek CEO Liang Wenfeng, at a recent closed-door investor meeting, listed training large models on domestic chips such as Huawei's as one of the company's biggest bets, and said this matter "must succeed." DeepSeek expects to receive a new batch of Huawei chips usable for training as early as the fourth quarter of this year, with the specific models and quantities not yet disclosed. Liang Wenfeng believes that Huawei chips are expected to catch up with Nvidia in just a few years, and hopes DeepSeek will adapt in advance to hardware beyond Nvidia. DeepSeek is still using Nvidia chips to train its models. In May this year, Liang Wenfeng estimated that training a top-tier large model requires about 50,000 Nvidia GB300 chips, while switching to Huawei Ascend 950 would require about 200,000. At the time, the biggest problem was Huawei's insufficient supply.
  2. Crypto market surge saves 'Machi' holdings, net asset value rebounds above $11 million.BlockBeats news, September 22, according to on-chain analyst Aunt Ai (@ai_9684xtpa) monitoring, the crypto market surge saved "Machi Big Brother" Huang Licheng's positions. His contract account originally had only $800,000 left, and the total net asset value has now rebounded above $11 million. According to TradingBeats monitoring, "Machi's" current positions are as follows: ETH long position approximately $82.69 million, unrealized profit approximately $4.28 million, entry price $2,611.45, liquidation price $2,452.66. BTC long position approximately $29.09 million, unrealized profit approximately $880,000, entry price $83,225.30, liquidation price $59,335.61. HYPE long position approximately $15.18 million, unrealized profit approximately $140,000, entry price $93.08, liquidation price $36.18.
  3. Arthur Hayes: AI 'Safety First' Is Actually a Destruction of Computing Power Demand, All US Government Options Lead to Money Printing, Ultimately Bullish for BitcoinBlockBeats news, September 22 - Arthur Hayes published a new long-form article titled "Safety First," with the core argument that Anthropic, OpenAI, and SpaceX's claims of prioritizing "safety" to slow AGI development are not driven by concern for human welfare, but by economic realities. The market doesn't lack demand for AI; it wants AI at "China prices," meaning intelligence that is 100 times cheaper than current levels. Hayes points out that "Safety First" essentially means the destruction of compute demand. If spending on training new models declines and labs shift to efficiency optimization, customers will spend less on compute. The three major AI labs generate no profits, yet their compute demand underpins over $1 trillion in investment-grade debt and hundreds of billions in low-quality debt, which rely on off-balance-sheet backing from profitable tech companies like Nvidia, Broadcom, Google, and Microsoft. The real bag holders are U.S. insurance policyholders. Hayes cites Nick Nameth's analysis to reveal a "captive insurance scam": PE giants (Apollo, KKR, Brookfield, etc.) acquire insurance companies, stuff AI data center debt and AI-impacted SaaS private credit into insurance assets, and then provide fake backing through affiliated captive reinsurers with minimal capital. Nameth estimates such fake reinsurance assets total $1.54 trillion. Once AI data center debt is downgraded by rating agencies due to insufficient compute demand, insurers will be forced to add capital, but the affiliated reinsurers simply cannot pay, leading to insurer insolvency. Most U.S. states have insurance guarantee limits of only $250,000 to $300,000, and surviving insurers pay into guarantee funds only after the fact, which encourages maximum risk-taking by all parties involved. When AIG was bailed out in 2008, TARP funds ultimately flowed to Goldman Sachs and spawned record bonuses, while ordinary people only received foreclosure notices. Hayes believes this scene will repeat. For crypto investors, the conclusion is a win-win. If the U.S. government chooses to become the "buyer of last resort for compute," it will print money under the guise of national security to fund unproductive economic goods, driving up financial speculation and Bitcoin prices; if the government chooses to bail out insolvent insurers, it will similarly need to print money to cover bad AI debt, increasing money supply and driving up Bitcoin. Hayes specifically notes that the Federal Reserve unanimously voted to raise rates by 25 basis points last week, and RMP bond purchases stopped on August 14, but commercial banks have taken over by creating over $100 billion in money, and the rate hike gives banks an additional $7.5 billion annually in excess reserve interest, which will be used to expand lending and market speculation. Overall, the net effect remains stimulative. The crypto market's consolidation after a small rise in late August is about to end, dollar supply will continue to grow, and Bitcoin and select altcoins will rise. Hayes also calls this situation "incredibly beautiful," as the government will not allow the free market to stop building AI data centers, compute spot will see oversupply, AI agent usage will increase, and the surge in money printing will drive investors to chase crypto assets.
  4. The U.S. Department of Justice is investigating whether Binance violated sanctions against Iran.BlockBeats news, September 22, according to Bloomberg, people familiar with the matter revealed that U.S. federal prosecutors are investigating whether Binance Holdings Ltd., the operator of the world's largest cryptocurrency exchange, violated U.S. sanctions on Iran by failing to prevent certain transactions on its platform. The investigation is being handled by the U.S. Attorney's Office for the Southern District of New York, with the Criminal Division of the U.S. Department of Justice in Washington also participating. The relevant authorities are examining whether Binance knowingly allowed the transactions in question.
  5. Vitalik Publishes Post Praising Prediction Market Trueo, Which Will Migrate to Ethereum MainnetBlockBeats news, September 22: Decentralized prediction market Trueo has announced its migration from the Base network to the Ethereum mainnet. Ethereum co-founder Vitalik Buterin expressed his appreciation, saying: "It's great to see Ethereum welcoming a strong new entrant in the prediction market space, one that is committed to decentralization and ethical principles, rejecting the kind of corporate-flavored mediocrity, and genuinely trying to use these economic primitives to explore interesting and meaningful applications." (Vitalik previously used such descriptions to criticize commercial prediction markets that overly pursue short-term dopamine hits and low-value speculation).
  6. Solana ecosystem meme coin USELESS rebounds past $300 million market cap, up over 20.1% in 24 hours.BlockBeats news, September 22, according to GMGN data, Solana ecosystem Meme coin USELESS rebounded and broke through $300 million market cap, currently at $280 million, up over 20.1% in 24 hours, with 24-hour trading volume of $16.5 million. BlockBeats reminds users that Meme coins mostly lack practical use cases, prices are highly volatile, and investment requires caution.
  7. Genius.fun announces that platform-issued tokens will add the "6666" contract suffix as a brand marker.BlockBeats news, September 22 — Genius Terminal, an on-chain trading terminal invested in by YZi Labs with CZ serving as an advisor, announced through its token issuance platform Genius.fun that new tokens issued on Genius.fun will have contract addresses ending in 6666. Its co-founder Ryan Myher stated that the community hopes Genius.fun and Genius Terminal will have greater recognizability.
  8. U.S. stocks: Securitize surges 24.3%, tokenized stocks up 67.8% cumulatively after 'innovation exemption'.BlockBeats news, September 22, according to BIT (bit.com) market data, U.S. stock digital asset tokenization platform Securitize (SECZ) closed up 24.3%, rose another 3.7% in after-hours trading, with its stock price breaking above $14. On September 17, "the SEC approved limited trading of tokenized stocks on an on-chain platform," and SECZ opened at $8.34 that day, rising more than 67.8% since then. Securitize is a U.S.-licensed tokenization infrastructure company, founded in 2017, and went public via SPAC in July 2026. It registers fund shares, private credit, stocks, and other assets as on-chain securities, and provides full-process services including transfer agency, brokerage, ATS trading, and fund administration. Its partners include BlackRock (tokenized money market fund BUIDL), Apollo, KKR, and others, with BlackRock being both an important client and investor. Securitize's approach is institutional-grade, bringing real securities with shareholder rights on-chain, rather than synthetic stock price tokens.