1. Popular CEX currencies

Top 10 CEX trading volume and 24-hour price changes:

• BTC: -1.67%
• ETH: -3.30%
• SOL: -5.59%
• XRP: -2.26%
• DOGE: -3.66%
• BNB: -3.69%
• AVNT: -13.61%
• ADA: -4.76%
• AVAX: +5.69%
• SUI: -4.49%

24-hour price increase list (data source: OKX):

• ALPHA: +31.31%
• ZBCN: +10.60%
• SWEAT: +9.92%
• AVAX: +4.64%
• MERL: +3.96%
• EIGEN: +3.85%
• POR: +3.81%
• ARG: +3.33%
• HUMA: +3.18%
• XAUT: +1.88%

24-hour cryptocurrency stock price increase list (data source: MyStonks):

• Qualigen Therapeutics, Inc (QLGN.M): +83.1%
• Bakkt Holdings, Inc (BKT.M): +47.7%
• Abits Group Inc (ABTS.M): +22.35%
• Applied Digital Corporation (APLD.M): +21.24%
• Mercurity Fintech Holding Inc (ticker: MFH.M): +19%
• Cipher Mining Inc (CIFR.M): +17.1%
• ASP Isotopes Inc (ASPI.M): +13.89%
• Mega Matrix Inc (MPU.M): +12.07%
• BitDeer (BTDR.M): +10.94%
• Greeneidge Generation Holdings Inc (ticker: GREE.M): +10.43%

2. Top 5 popular memes on the chain (data source: GMGN ):

• TROLL
• AAP
• PALESTINEP
• OpenAI
• MetaMask

Headlines

US lawmakers urge the SEC to advance Trump's crypto retirement plan, which could bring $100 billion to the 401(k) market

Nine US lawmakers (including House Financial Services Committee Chair French Hill and Capital Markets Subcommittee Chair Ann Wagner) wrote to SEC Chairman Paul Atkins, urging him to expedite implementation of President Trump's August executive order "Democratizing Access to Alternative Assets for 401(k) Investors." The lawmakers asked the SEC to assist the Department of Labor in adjusting regulations to allow crypto assets to be included in 401(k) retirement plans. The letter noted that approximately 90 million US retirement investors are currently restricted from allocating to alternative assets. Allowing 401(k) plans to allocate 1% of their funds to crypto assets could bring in $93 billion in incremental funds, exceeding the $60.6 billion in inflows into Bitcoin spot ETFs since January 2024.

Nvidia plans to invest up to $100 billion in OpenAI

Nvidia officially announced plans to invest up to $100 billion in OpenAI. Nvidia (NVDA.O) announced a strategic partnership with OpenAI to deploy 10 gigawatts of Nvidia systems (artificial intelligence data centers), with the first gigawatt-scale systems to be deployed in 2026. Nvidia stated that it expects to finalize the details of this new phase of its strategic partnership with OpenAI in the coming weeks.

HSBC launches cross-border tokenized deposit service

HSBC Holdings has launched a tokenized deposit service to support secure cross-border transfers for its corporate clients. According to a statement released on September 22nd, the British bank completed its first cross-border US dollar transaction between Hong Kong and Singapore this month using blockchain technology. HSBC said this cross-border transaction builds on its existing domestic payments product, which launched earlier this year in Hong Kong and Singapore and subsequently expanded to the UK and Luxembourg to support additional currencies, including the British pound and the euro.

Industry News

Nasdaq-listed company Helius purchased SOL and currently holds over 760,000 SOL

Helius Medical Technologies, Inc. announced its first purchase of Solana (SOL) tokens as part of its digital asset treasury strategy. The company currently holds over 760,190 SOL tokens at an average cost basis of $231. Additionally, the company holds over $335 million in cash, which it plans to use to further its digital asset treasury strategy. Helius previously announced that it had raised over $500 million in funding in partnership with Pantera Capital and others to launch a SOL treasury company.

Data: 68 Ethereum treasury entities hold over 5 million ETH

Strategicethreserve data shows that the total holdings of 68 Ethereum treasury entities have exceeded 5 million ETH, currently reaching 5.25 million ETH, accounting for 4.34% of Ethereum's circulating supply, worth US$22.09 billion.

Project News

The LayerZero Foundation repurchased 50 million ZRO, accounting for 5% of the supply

LayerZero announced that the LayerZero Foundation has repurchased 50 million ZRO (5% of the supply) from early investors.

Kraken Launches Bundles, a Feature for Diversifying Your Portfolio

According to official news, Kraken has launched the diversified investment portfolio function Bundles, which supports bundling BTC and ETH for investment at a 70:30 weight, as well as bundling high-market-cap crypto assets. The bundles will include: BTC, ETH, SOL, DOGE, XRP, TRX, ADA, HYPE, LINK and AVAX; high-market-cap Meme coins including DOGE, PEPE, SHIB, BONK and FARTCOIN.

UXLINK: A security breach occurred in the multi-signature wallet, and a large amount of funds were transferred to the exchange

UXLINK, a Web 3 social platform, has officially disclosed a security vulnerability in its multi-signature wallet, resulting in the illegal transfer of a large amount of crypto assets to centralized and decentralized exchanges. The team is currently collaborating with security experts to investigate the cause and has urgently contacted major exchanges to freeze the relevant funds. The team has also reported the case to the police and regulatory authorities and will continue to update on progress.

Rainbow plans to launch its native token RNBW in the fourth quarter

Rainbow, a non-custodial crypto wallet, announced that it will launch its native token, RNBW, by the end of the year. This announcement comes shortly after Consensys founder Joe Lubin confirmed that MetaMask is developing the MASK token. The Rainbow team stated that RNBW is part of its "Phase 3" development, which will also include DeFi portfolio management, multi-chain support, real-time price and balance updates, and the introduction of perpetual contract trading powered by Hyperliquid. Rainbow launched a points program in 2023 to attract users and completed an $18 million Series A funding round in 2022, led by Seven Seven Six, a fund founded by Reddit co-founder Alexis Ohanian.

DBA founder and Flashbots strategic director launched a proposal to reduce the total supply of HYPE by 45%

Jon Charbonneau, DBA at crypto investment firm and founder of crypto blog Uncommon Core 2.0, and Hasu, head of strategy at Flashbots, initiated a proposal to "reduce the total supply of HYPE by 45%." The proposal suggests the following changes to Hyperliquid's economic model: revoke the authorization of all unminted HYPE currently allocated to future unlocks and community rewards (FECR); destroy all HYPE currently held in the Assistance Fund (AF), and all HYPE continuously acquired by AF will also be destroyed; and remove the maximum supply cap of 10 HYPE. Continuous token issuance (for example, for staking issuance or community rewards) will increase the total supply. The proposer stated that Hyperliquid's current large number of authorized, uncirculated tokens may cause problems, and that the proposal will not affect the relative ownership of existing HYPE token holders in the protocol economy, Hyperliquid's ability to fund value-added initiatives, or how these decisions are made.

The proposal's originator disclosed that one or more investment funds managed by DBA hold significant positions in HYPE tokens, as do both co-authors. If this proposal proceeds to a formal governance vote and DBA, its affiliates, and/or co-authors are able to participate, all co-authors currently intend to vote in favor, as applicable.

Sky: Delayed upgrade penalties for manufacturers upgrading to Sky now in effect

Sky (formerly MakerDAO) announced on the X platform that a penalty for delayed upgrades has taken effect. Effective immediately, all MKR to SKY upgrades will be subject to a 1% penalty fee. According to Sky Atlas regulations, this penalty fee will increase by 1 percentage point every three months.

Investment and Financing

Nasdaq-listed company AgriFORCE changes its name to AVAX One and launches $550 million Avalanche investment program

AgriFORCE, formerly a Nasdaq-listed company, announced it will rebrand to AVAX One and launch a $550 million fundraising program, aiming to become the first publicly listed company dedicated solely to investing in the Avalanche ecosystem. The company plans to hold over $700 million worth of AVAX tokens and is advised by SkyBridge founder Anthony Scaramucci and Coinbase's head of institutional business, Brett Tejpaul. The financing plan includes $300 million in private equity investment and up to $250 million in equity-linked financing, with participation from over 50 institutions, including Galaxy Digital and Kraken. The company's long-term goal is to acquire fintech companies and migrate them to the Avalanche network.

Crypto finance startup Shield completes $5 million seed round of financing, led by Giant Ventures

Shield, a crypto finance startup backed by a16z, announced the completion of a $5 million seed round of financing, led by Giant Ventures, with participation from Chris Dixon's a16z crypto startup accelerator Factor Capital, as well as Coinbase and Bank of America. The company's total financing to date has reached $7 million.

Circuit&Chisel, founded by former Stripe crypto chief, raises $19.2 million

Louis Amira, former Head of Crypto and AI Partnerships at Stripe, and David Noël-Romas, former Head of Crypto Engineering at Stripe, have secured $19.2 million in funding for their new startup, Circuit & Chisel, to develop the AI-powered agent payment protocol, ATXP. In addition to its Stripe background (and financial backing), Circuit & Chisel has received investment from Primary Venture Partners, ParaFi, and Coinbase Ventures. ATXP is designed as the "HTTP for AI-powered agent payments," aiming to address the current lack of a standardized communication protocol between AI agents. Amira stated that if ATXP is successful, it will enable the micro-transaction space.

Coinbase's credit card partner Cardless completes $60 million in funding, led by Spark Capital

Cardless, a startup specializing in co-branded credit cards, has secured $60 million in funding led by Spark Capital, with participation from Activant Capital, Industry Ventures, and Pear VC. The new capital will be used to expand functionality and develop projects with prominent brand clients, with some funding earmarked for partnerships with Coinbase Global Inc. and Bilt Rewards. In June of this year, Cardless launched its embedded credit card platform, which Coinbase leveraged to develop and issue the "Coinbase One Card."

Regulatory trends

UK and US establish joint working group to promote cooperation on capital markets and digital assets

The UK and the US will establish a working group to strengthen cooperation in capital markets and digital assets—one of a series of initiatives announced during President Donald Trump's state visit to the UK last week. The "Transatlantic Future Markets Working Group" will explore ways to reduce the burden of cross-border financing for UK and US businesses, the UK government said in a statement Monday. The group will also examine "short- and medium-term options for digital asset cooperation" while the relevant legislative and regulatory frameworks are still being developed, while exploring long-term paths for collaboration.

Character Voice

Vitalik: Base, as Ethereum L2, has non-custodial features, and the security of funds is ultimately guaranteed by L1

Vitalik Buterin stated in a post that Base, as an L2 platform built on Ethereum, enhances user experience through centralized features while relying on Ethereum's decentralized infrastructure for security. Base lacks custody of funds and cannot steal user assets or block withdrawals, which aligns with the L2 beat definition of Stage 1. He noted that if L2 ceases operation, users can still automatically retrieve their funds through Ethereum contract logic; furthermore, there are existing cases demonstrating that L2 can prevent operators from censoring transactions. Vitalik emphasized that L2 is an extension of Ethereum, not a custodial server, and that user funds are ultimately controlled by Ethereum L1 and cannot be stolen or frozen by L2 operators.

Deutsche Bank: Gold's continued record highs indicate panic in the stock market

Gold prices have just hit another all-time high, a move that defies the broader market's optimistic tone. After all, gold typically acts as a safe-haven asset during times of economic uncertainty. Deutsche Bank analyst Henry Allen says this suggests a lurking panic in the stock market, with investors both bullish on stocks and concerned about significant downside risks. "While gold prices have many drivers, one of them is its perceived safe-haven value, bought in times of fear," Allen says. "The market currently anticipates that US inflation will hover above target for the next few years, which is far from 'perfect,'" he says. "This is coupled with ongoing tariff concerns and ongoing scrutiny of sectors like pharmaceuticals and semiconductors. Furthermore, the market sees a growing likelihood of a US government shutdown at the end of the month. Furthermore, there are clear concerns about slowing job growth."