Odaily News: A Fox Business crypto reporter posted on X platform that SEC Commissioner Mark Uyeda stated the SEC has dropped multiple crypto cases left over from the previous administration, because continuing to defend legal interpretations in court that are poised to be overturned would damage the SEC's credibility.

Uyeda said the Commission is preparing to make a "180-degree reversal" on the relevant interpretations. He also stated that the SEC's innovation exemption for tokenized securities is a "pilot program" that could create more opportunities for new entrants and traditional financial firms.

Odaily reports that derivatives exchange CME Group has announced that, pending regulatory approval, it will launch Bitcoin Cash (BCH) and Uniswap futures on October 19. The standard BCH contract corresponds to 250 BCH, while the micro contract corresponds to 25 BCH.

Following the announcement, BCH briefly surged 30%, breaking above $340 and briefly touching $358, with weekly gains at one point exceeding 50%. Bitcoin SV (BSV) also rose approximately 20% in tandem, approaching its yearly high of $21; Bitcoin fell back to around $84,000 on Wednesday.

Digital asset management firm Grayscale has filed to convert its Bitcoin Cash Trust into a spot ETF listed on NYSE Arca. (Decrypt)

Odaily News: “White-Haired Stock Guru” Serenity posted on X platform, stating that they have recently bought shares in several small South Korean companies, involving manufacturers that supply memory, testing equipment, machines, and other products to Micron (MU), SK Hynix (SKHY), Samsung, and American companies. Serenity said that among companies with market capitalizations between $30 million and $250 million, one can find some optical component, CPU, memory, and related companies that are driven by AI demand and are at business inflection points, but due to higher risk and volatility, they will not publicly disclose the specific company names.

Serenity stated that personally, if one or two of these companies can achieve a “10x” opportunity by growing their market capitalization from $40 million to $400 million, the trade-off between potential returns and risk becomes attractive.

Odaily News: The U.S. Treasury Department said it will buy back up to $6 billion in longer-term government bonds on Thursday, the first such operation since Treasury Secretary Bessent expanded the buyback program, aimed at curbing the recent rise in borrowing costs. The maximum size of this buyback is three times the $2 billion originally announced to investors in early August. That original plan was canceled in a surprise announcement on August 19, when the Treasury said it would "at least double" the size of such operations. Following the announcement, 20-year to 30-year U.S. Treasury bonds, the targets of Thursday's buyback, extended their declines, with the 30-year Treasury yield briefly rising to 5.38% intraday, close to the roughly 5.40% high earlier this month and the highest level since 2007.

Facing criticism that the move amounts to market intervention and cannot address fundamental fiscal challenges, Bessent defended the expansion of Treasury buybacks, saying he took action because he believed market prices were "deviating" from equilibrium levels. The Institute of International Finance (IIF) warned on Wednesday that attempting to use "financial engineering" cannot resolve underlying debt dynamics, and that interventions such as purchasing securities in the secondary market "may bring temporary relief, but cannot address the structural factors driving debt growth."

Odaily News: Binance.US has announced that Binance.US Wallet, a self-custody wallet built into its App, is now available to eligible iOS and Android users. Without leaving the Binance.US App, users can switch between the centralized exchange and the wallet, and access tens of thousands of tokens and hundreds of DApps, with support for major blockchain networks including Ethereum, BNB Chain, Base, Arbitrum, Polygon, Solana, and Robinhood Chain.

Binance.US stated that the wallet uses seed-phrase-free key sharding technology, splitting keys for storage across the user's device, personal cloud storage, and Binance.US. Users need at least two of these key shares to access the wallet, and Binance.US holds only one. In addition, users can export their private keys at any time or import the seed phrase of an existing wallet. Binance.US also plans to support cryptocurrency transfers between the exchange and the wallet, buy and sell functionality via convenient payment methods, and more tokens, blockchain networks, and DApps in the future.

Odaily News: Over the past half hour, USDC Treasury minted a total of 750 million USDC across three separate transactions.

Odaily reports that global asset management firm BlackRock has released a research report titled "The Machine-Native Economy," arguing that as AI agents autonomously complete multi-step tasks, demand for onchain programmable payment infrastructure may increase, with stablecoins potentially used for payments and settlement.

The report notes that traditional bank accounts and card payment mechanisms are ill-suited for sub-1-cent, round-the-clock machine-to-machine payments. Stablecoins can achieve near-instant settlement without requiring manual account opening or confirmation.

BlackRock suggests that computing power could be wrapped into standardized contracts for buying, selling, collateralizing, or automatic settlement on the blockchain. TRM Labs' analysis of $52.7 million in x402 settlements this year shows that AI agents accounted for approximately 0.6% to 7.5% of payment volume. (Decrypt)

Odaily News: Musk shared a long-form article on X by DreamWorks co-founder Jeffrey Katzenberg regarding AI and the creative industry. Katzenberg stated that AI is significantly reducing the time and cost of animation production, but current AI is still primarily good at reasoning, evaluation, and optimization, and there remains a gap between it and true creativity, which relies on human taste, intuition, empathy, and expressive intent. He believes that AI will not disappear, and Hollywood needs to accept this reality, while AI developers should collaborate with creators, using their works and ideas on the basis of obtaining authorization, giving credit, and providing reasonable compensation. Katzenberg also predicted that as AI lowers production barriers and costs, more films and new forms of storytelling will emerge in the future.

Odaily reports, according to Gate data, U.S. and Brent crude oil prices rose in a short-term rally, with WTI crude touching $92/barrel, up 2.82% on the day. Brent crude broke through $98/barrel, up 2.76% on the day. Iranian media said that Iranian Foreign Minister Araghchi's contacts with the United States were unauthorized.

Odaily News: Canadian Bitcoin exchange and wallet company Bull Bitcoin stated that due to the Liquid Network attack on September 6, users are temporarily unable to redeem L-BTC back to Bitcoin through the platform, and redemption operations are still pending resumption.

Bull Bitcoin expects the related redemption service to potentially resume within 30 days, but stated that this expectation is not guaranteed. Due to its reliance on the L-BTC redemption mechanism to balance inventory, the platform has temporarily closed inbound Lightning Network payments.

In this attack, the attacker transferred out nearly 4,000 Bitcoin from the protocol, later returning approximately 3,400; currently still holding 598.50 Bitcoin, valued at over $51 million. Liquid Network stated on September 17 that block production, network transactions, and L-BTC transfers have returned to normal. (Bitcoin.com News)

Odaily reports that Bonk Guy posted on their personal channel stating that USELESS has hit a new all-time high in the number of holding addresses, and noted that the token has consistently exhibited a cyclical pattern over the past few months of "outperforming the market—sharp correction—consolidation—new highs." They pointed out that USELESS's market cap has risen from a low of approximately $28 million several months ago to around $318 million, with short-, medium-, and long-term cycles all showing a pattern of successively higher highs and higher lows, and argued that this trend differs from the characteristics of a topping Meme coin.

Odaily reports that the crypto market experienced a short-term pullback, with established meme coins broadly declining.

MUBARAK dropped over 19% in 24 hours, with its market cap falling to $52.37 million;

BROCCOLI714 fell over 13%, with its market cap dropping to $22 million;

WIF declined over 11%, with its market cap dropping to $230 million;

RUMP and PEPE each fell over 7%, with their market caps dropping to $1.477 billion and $1.874 billion respectively;

TST dropped over 6%, with its market cap falling to $16 million.

Odaily News: A senior Iranian official stated that Tehran is reviewing the U.S. response to our proposal to end hostilities. During indirect talks with the United States on Tuesday, the two sides discussed the reopening of the Strait of Hormuz and the lifting of the U.S. blockade. Iran's key priorities are a permanent end to hostilities and the lifting of the U.S. naval blockade. Many differences remain between Iran and the United States, but diplomacy continues. (Reuters)

Odaily News: Silvia announced that since September 15, the company has additionally repurchased 2.3% of its outstanding common shares at a price below net asset value; since the buyback program was initiated, a cumulative total of approximately 14.5% has been repurchased. As of the close on September 22, the company had 82,881,223 outstanding shares and held approximately 5,130 BTC, a decrease of about 124 BTC compared with September 15, with a net asset value per share of approximately $4.27. The company stated that it will continue to buy back shares until the share price is no longer below net asset value.

Odaily reports that Polygon Foundation CEO Sandeep Nailwal posted on X that the contract to burn 100 million POL is ready, and any community member can trigger its execution. In the future, the community can conduct a burn every quarter; POL has been in a deflationary state throughout this year.

Odaily News: Tesla CEO Elon Musk stated that he is optimistic about "biological enhancement" over the next decade, and that Neuralink, the company he co-founded, is attempting to break through the bottleneck of human information transmission bandwidth.

Musk noted that even if AI is sufficiently friendly and willing to serve humanity, the speed of information transfer between humans and machines remains too slow. The peak human bandwidth is only about 100 bits per second; our output speed is extremely low. Computers, meanwhile, communicate with each other at trillions of bits per second. Any technology that can increase the speed of human communication will improve alignment between humans and machines. Otherwise, for an AI communicating at trillions of bits per second, talking to a human would be like a human talking to a tree. (CCTV Finance)