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๐Ÿ’ด JAPANESE YEN REBOUNDS FROM 3-WEEK LOW, INTERVENTION RISK RISES

๐ŸŸข USD/JPY edged lower in the Asian session, pulling back from a three-week high near 159 as the Yen recovered on concerns that Tokyo could intervene.
๐Ÿ–ค The Yen had slipped close to the key psychological 160 level
๐Ÿ–ค The USD saw profit-taking after a nearly two-month rally
๐Ÿ–ค Hopes for U.S.โ€“Iran diplomacy also helped ease demand for the USD
๐Ÿ–ค Fundamentals still favor buying USD/JPY on dips

๐Ÿ‡ฏ๐Ÿ‡ต The Yen is rebounding because of intervention fears, not because the BoJ has suddenly turned more hawkish. The interest-rate gap remains wide โ€” todayโ€™s recovery could be little more than a short breather.

@BackcomGlobal
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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ IRANIAN PRESIDENT: THE U.S. MUST DECIDE WHETHER TO END THE WAR

๐Ÿ™ Iranian President Masoud Pezeshkian said Tehran does not want the war to continue, and that the U.S. is the side that must decide whether to end it.
๐Ÿ–ค Pezeshkian: โ€œWe do not want this to continue. The U.S. must decide whether it wants to end it.โ€
๐Ÿ–ค Iran is ready to negotiate if the U.S. respects the international legal framework
๐Ÿ–ค He accused Israel of fueling the conflict and stressed that Iran will not surrender
๐Ÿ–ค The two sides previously met on the sidelines of the UN, but no breakthrough was reached


Both sides are still talking, but neither has backed down. Whether the war continues or ends now depends on Washingtonโ€™s choice.


@BackcomGlobal
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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ TRUMP REJECTS IRANโ€™S 7-DAY CEASEFIRE PROPOSAL

๐Ÿ™ According to the Wall Street Journal, President Trump rejected Iranโ€™s proposal for a 7-day ceasefire and told aides that he expects to resume airstrikes after the November midterm elections.
๐Ÿ‡ฎ๐Ÿ‡ท Iranโ€™s proposal: reopen Hormuz for 7 days if the U.S. lifts the port blockade, eases oil sanctions, and releases part of Iranโ€™s frozen assets
๐Ÿ‘ Trump doubts Tehran will meet U.S. demands
๐Ÿ‡บ๐Ÿ‡ธ U.S. officials: he does not want to restart a major conflict immediately, and the scale of any strikes remains unclear
๐Ÿ”ด His position could change depending on the outcome of the midterm elections


Negotiations are still continuing through intermediaries, but the WSJ report has reduced expectations for a near-term diplomatic breakthrough. Oil could become more headline-sensitive again.


@BackcomGlobal
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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ BITGET RESUMES WITHDRAWALS IN PHASES AFTER THE HACK

๐Ÿ’™ Bitget has begun restoring withdrawals according to a phased schedule. The exchange says the vulnerability has been identified and fixed.
๐Ÿ–ค User balances were not affected
๐Ÿ–ค Losses will be covered by the Protection Fund
๐Ÿ–ค Deposits and trading continue to operate normally

โญ Withdrawal reopening schedule (UTC):
๐ŸŸฃ Sep 28, 08:00 UTC โ€” BTC (Bitcoin network)
๐ŸŸฃ Sep 29, 08:00 UTC โ€” ETH (Ethereum, BSC, Arbitrum, Base, Optimism)
๐ŸŸฃ Sep 30, 08:00 UTC โ€” USDT (Ethereum, BSC, Solana, Tron)
๐ŸŸฃ Oct 2, 08:00 UTC โ€” Other tokens / Fiat / P2P


Users do not need to take any additional action. Just monitor withdrawal status in the app and through the exchangeโ€™s official channels.


@BackcomGlobal
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๐Ÿ‡บ๐Ÿ‡ธ SEC: TOKEN BUYBACKS DO NOT AUTOMATICALLY MAKE A TOKEN A SECURITY

๐Ÿ™ The U.S. SEC clarified that a token buyback program does not automatically make a token a security.
๐Ÿ–ค For an already operational network, announcing a buyback is not enough on its own to turn the token into an investment contract
๐Ÿ–ค Exception: if the project has not launched yet and uses buybacks to promise profits/yield to holders
๐Ÿ–ค Upgrades and maintenance of an already functioning network are also not automatically treated as โ€œmanagerial effortsโ€ under the Howey test
๐Ÿ–ค Marketing an existing utility is generally acceptable; promising profits carries greater regulatory risk

@BackcomGlobal
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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ TRUMPโ€“XI SUMMIT ENDS: TRADE TRUCE EXTENDED, CHIPโ€“AI ISSUES LEFT UNTOUCHED

๐Ÿ™ The U.S.โ€“China summit has concluded. A few smaller agreements were reached, but there was no major breakthrough.
๐Ÿ–ค The trade truce has been extended until January 10, 2027
๐Ÿ–ค Some โ€œnon-sensitiveโ€ goods will receive more favorable treatment: U.S. agricultural products and medical equipment; Chinese consumer goods
๐Ÿ–ค The goal is to separate these products from future tariff disputes
๐Ÿ–ค Chips, high technology, and national-security export restrictions were not included in the agreement
๐Ÿ–ค No final agreement on AI yet
๐Ÿ–ค USTR Jamieson Greer: the U.S. will release more details on Monday


๐Ÿ‡บ๐Ÿ‡ธโ€“๐Ÿ‡จ๐Ÿ‡ณ Both sides have bought more time and kept regular trade channels open. The toughest issues โ€” chips, AI, and security โ€” remain unresolved.

@BackcomGlobal
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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ BINANCE WALLET x U โ€” TRADE pPOLY, SHARE $100,000 U

๐Ÿช™ Binance Wallet has officially launched the pPOLY Trading Competition, offering a total prize pool of $100,000 U for users trading the pPOLY/U pair on BNB Smart Chain.

โญ Campaign Period: 14:00, Sep 24 โ€“ 14:00, Oct 8. (UTC)

๐ŸŸฃ Trade pPOLY โ†”๏ธ U on BNB Smart Chain (BSC)
๐ŸŸฃ Both buy and sell orders count toward trading volume
๐ŸŸฃ Only trades made through Binance Wallet (Keyless) are eligible
๐ŸŸฃ Trades through Binance Alpha or third-party dApps do not count
๐ŸŸฃ An Early Bird Multiplier applies โ€” trading volume on the first day is multiplied by 3x


๐Ÿ‘‰ How to participate:
Open the Binance App โ†’ Wallet โ†’ find the pPOLY x U campaign banner โ†’ tap [Join] โ†’ start trading pPOLY/U.

๐ŸŸ  If you donโ€™t have a Binance account yet
๐Ÿ–ค Register using the LINK HERE
OR: Enter referral code โ€œBCVIPโ€ when registering, up to 40% fees rebates
๐ŸŸข Mechanism: 20% auto every oder, 20% total fees weekly is paid every Monday in Backcom App/Bot


๐Ÿ–ค Enter your Binance UID in Backcom Bot or Backcom App after registering to receive full Backcom benefits

๐ŸŸข If you already have a Binance account, message Admin @TM_Backcom for support

โš ๏ธ Note: You must tap Join on the campaign page before trading for Binance to start tracking your volume. Only pPOLY/U trading volume on BSC through Binance Wallet will be counted.

@BackcomGlobal #Binance
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STRATEGY ASKS SHAREHOLDERS TO APPROVE DAILY DIVIDEND PAYMENTS

โšก๏ธ Strategy is proposing to pay dividends daily on four preferred stock classes: STRC, STRD, STRF, STRK, with the aim of reducing price volatility.
๐Ÿ–ค Shareholders will vote on October 28
๐Ÿ–ค The total annual dividend amount will not change โ€” payments would simply be split into smaller, more frequent distributions
๐Ÿ–ค STRC would transition first (expected from November 1); the other three classes from January 1, 2027
๐Ÿ–ค Saylor: the goal is to improve price stability, liquidity, and demand

STRC was originally designed to trade around $100 but has previously fallen well below that level. Daily dividends are meant to โ€œsmooth outโ€ the price โ€” this is not an increase in total payouts, only a change in payment frequency.

@BackcomGlobal
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๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ U.S. TREASURY YIELDS RISE: 30-YEAR YIELD HITS 22-YEAR HIGH

๐Ÿ‡บ๐Ÿ‡ธ U.S. Treasury yields continue to climb, with the 30-year yield reaching its highest level in roughly 22 years.
๐Ÿ–ค The 10-year yield is holding around 5.20%, after previously hitting a 19-year high
๐Ÿ–ค The 30-year yield has reached around 5.49โ€“5.50%
๐Ÿ”ด Drivers: a hawkish Fed + persistent inflation + high government debt
โšก๏ธ Markets are pricing in a higher probability of another Fed rate hike this year

Higher long-term rates = more expensive borrowing costs for the government, businesses, and financial markets. Stocks, gold, and crypto all have to โ€œcarryโ€ the weight of these elevated yields.

@BackcomGlobal
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