1. Popular CEX currencies
Top 10 CEX trading volume and 24-hour price changes:
- BTC: -0.05%
- ETH: +0.11%
- SOL: -1.90%
- XRP: -0.40%
- BNB: +3.24%
- DOGE: -0.21%
- AVAX: +2.88%
- OG: +1.29%
- AVNT: +3.35%
- ADA: -1.04%
24-hour price increase list (data source: OKX):
- UXLINK: +109.37%
- BARD: +50.71%
- GMX: +17.78%
- NAVX: +17.1%
- NMR: +14.14%
- ZRO: +11.53%
- ZEUS: +10.89%
- SNX: +9.99%
- MERL: +9.93%
- HUMA: +9.98%
24-hour cryptocurrency stock price increase list (data source: MyStonks):
- Bakkt Holdings, Inc. (BKTM): +22.65%
- Mercurity Fintech Holding Inc. (ticker: MFH.M): +13.9%
- BigBear.ai Holdings, Inc. (BBAI.M): +12.7%
- Cipher Mining Inc. (CIFR.M): +6.8%
- GraniteShares 2 x Short COIN Daily ETF (CONI.M): +6.2%
- 180 Life Sciences Corp. (ETHZ.M): +5.83%
- BNB Network Company (BNC.M): +5.7%
- NVDA ETF 2 x Leveraged (NVDQ.M): +5.12%
- Rocket Lab Corporation (RKLB.M): +5%
- T-Rex 2 X Inverse MSTR Daily (Symbol: MSTZ.M): +4.6%
2. Top 5 popular memes on the chain (data source: GMGN ):
- ZBT
- BEWA
- Code
- web3
- gm
Headlines
White House considering nominating Josh Sterling for CFTC chairman
According to market news: The White House is considering nominating Josh Sterling as Chairman of the U.S. Commodity Futures Trading Commission (CFTC). Josh Sterling, formerly Director of the CFTC's Market Participants Division, is competing against competitors including Brian Quintenz, Director of Crypto Policy at a 16z; CFTC Commissioners Summer Mersinger and Caroline Pham; Perianne Boring, Founder and CEO of Digital Chamber; and Jill Sommers, former CFTC Commissioner.
Fed spokesperson: Powell may open up space for further rate cuts
Nick Timiraos, the "Federal Reserve's Voice," recently wrote: Federal Reserve Chairman Powell said that even after last week's rate cut, he still believes the Fed's interest rate stance "remains somewhat tight," suggesting that there is room for more rate cuts this year if officials continue to judge that recent labor market weakness outweighs inflation setbacks. Powell largely reiterated the views he expressed at the press conference following last week's rate cut. He emphasized the challenges the Fed faces in achieving its twin goals of maintaining low and stable inflation and promoting a healthy labor market. "Two-way risks mean there is no risk-free path," Powell said. "Cutting rates too much, too quickly could keep inflation close to 3% rather than the Fed's 2% target, while maintaining a restrictive policy stance for too long could unnecessarily weaken the labor market." Powell also reiterated his view that slowing job growth this summer necessitated last week's policy shift to focus more on the labor market than earlier this year. The slightly tighter rate setting puts the Fed in a good position to respond to potential economic developments.
Federal Reserve Board Governor Bowman: Expect three interest rate cuts in 2025
Federal Reserve Board Governor Bowman said he expects three interest rate cuts in 2025.
Trump: If Russia doesn't want to reach an agreement, we will impose tariffs
Trump said at the UN General Assembly that the United States is ready to impose tariffs if Russia is unwilling to reach an agreement. US President Trump said at a meeting of the UN General Assembly on Tuesday that "if Russia is not ready to make a deal to end the war, then the United States is fully prepared to impose a round of very powerful tariffs." He also pointed out that Europe must immediately stop all energy purchases from Russia and said that for the tariffs to be effective, Europe needs to take exactly the same measures. In addition, he called on the United Nations to join the United States in taking anti-Russian oil measures.
Industry News
SBF X account posted again after half a year
After six months, FTX founder SBF once again posted a "gm" message. Perhaps influenced by this news, FTT briefly surged above $1.29, a daily gain of over 40%.
Scilex Holding Company (NASDAQ: SCLX), an innovative revenue-generating company, announced that it has signed a Securities Purchase Agreement ("SPA") with an institutional investor to exchange $200 million worth of common stock held in its majority-owned subsidiary, Semnur Pharmaceuticals, Inc., for $200 million worth of Bitcoin. Under the SPA, the institutional investor will purchase 12,500,000 shares of Semnur common stock held by Scilex at a price of $16 per share. Closing is expected to occur on or about September 23, 2025.
CZ proposed on social media whether to reduce BNB Chain transaction fees by another 50%
CZ posted on the X platform: “Let’s reduce BNB Chain fees by another 50%?”
It is reported that BNB Chain officially disclosed that validators are proposing to reduce the minimum gas fee price of BNB Smart Chain (BSC) from 0.1 Gwei to 0.05 Gwei, while accelerating the block interval from 750 milliseconds to 450 milliseconds to maintain competitiveness with other blockchains.
Project News
Seedify officially disclosed that the private key of one of its developers was stolen by a North Korean state-affiliated hacker group at approximately 12:05 UTC today. The attackers used this stolen private key to modify the OFT contract settings and illegally issue a large number of SFUND tokens via the cross-chain bridge contract on the Avalanche chain. They then cross-chained these tokens to Ethereum, Arbitrum, and Base. They then exploited the liquidity on these chains and sold the largest amount on the BNB chain, ultimately allowing the attackers to take control of the tokens.
Seedify stated that the incident was limited to the minting permissions of the stolen private key; core contracts, user wallets, the official website, and the underlying protocol were unaffected. The team has suspended all cross-chain bridges and collaborated with several centralized exchanges to freeze suspicious funds and revoke related permissions. Officials emphasized that BNB on-chain liquidity is no longer at risk, but cautioned users against purchasing SFUND on other chains for the time being.
Aster's single-day contract revenue reached US$7.04 million, a record high
According to Deflama data, Aster achieved revenue of $7.04 million in the past 24 hours, setting a new record high, surpassing Hyperliquid's $2.79 million and second only to Tether's $21.99 million and Circle's $7.72 million.
The Falcon Finance (FF) community sale has concluded, with the final subscription amount reaching $112 million, equivalent to 2821% of the original target, setting a new record for the Buildpad platform. Officials stated that settlement and refunds will be completed before 16:00 (UTC) on September 26th.
Investment and Financing
Tether plans to raise up to $20 billion at a $500 billion valuation
According to people familiar with the matter, stablecoin issuer Tether Holdings is in talks with investors to raise $15 billion to $20 billion through a private placement, accounting for about 3% of the company's shares. If the transaction is completed, the company's valuation may reach $500 billion, and it is expected to become one of the world's most valuable private companies.
Solana Infrastructure Project Raiku Secures $13.5 Million in Funding
Blockchain startup Raiku announced the completion of US$13.5 million in seed and pre-seed rounds of financing. The seed round was led by Pantera Capital, with participation from Jump Crypto, Lightspeed Faction and other institutions. The pre-seed round was led by Figment Capital and Big Brain Holdings, with participation from Reciprocal Ventures and Anagram.
It is reported that Raiku aims to provide a predictable and "guaranteed" transaction execution environment for the Solana network by building block space coordination infrastructure.
SegaSwap, a decentralized automated market maker built on Solana and Sonic SVM, has completed a seed funding round led by Sonic SVM and 10K Ventures, valuing the platform at $10 million. SegaSwap is a decentralized protocol designed to support fast transactions, permissionless pool creation, and innovative yield opportunities.
Blockchain startup Fnality announced the completion of a $136 million Series C funding round, with participation from WisdomTree, Bank of America, Citi, KBC Group, Temasek, and Tradeweb, to expand its global settlement network for banks and tokenized assets. The company operates a wholesale payment system regulated by central banks and launched the Sterling Fnality Payment System (£FnPS) in December 2023. Fnality's system allows banks to settle transactions with digital assets backed 1:1 by Bank of England funds, providing real-time payment support for tokenized bonds, stocks, and repurchase agreements.
Cloudburst Completes $7 Million Series A Funding, Led by Borderless Capital
Blockchain analytics company Cloudburst announced the completion of a $7 million Series A funding round led by Borderless Capital, with participation from strategic Cyber Ventures, CoinFund, Coinbase Ventures, Bloccelerate VC, and In-Q-Tel.
Crypto VC firm Archetype raises $100 million for its third fund
Crypto venture capital firm Archetype has announced the closing of its third fund, which will focus on supporting early-stage seed rounds for blockchain companies. Archetype reportedly raised its first $55 million fund in 2021, followed by a second $155 million fund in 2022, at the height of the previous cryptocurrency bull market. While Archetype's third fund is smaller at just $100 million, it reportedly selected the right backers (i.e., limited partners), bringing in only one new LP.
Singapore-based tokenized securities infrastructure Synthesys (formerly known as Equitize) announced that it has raised US$11 million in seed and strategic rounds of funding, led by angel investor Mark Pui. The company currently provides a universal modular, interoperable liquidity layer for tokenized securities. The new funds are intended to be used for expansion in the Asia-Pacific and Middle East markets, enabling financial institutions to embed compliant tokenized funds directly into smart contracts on digital ledgers.
Crypto infrastructure startup Zerohash completed a $104 million Series D financing round with a valuation of $1 billion. This round of financing was led by Interactive Brokers and participated by Morgan Stanley, SoFi, Apollo and others.
Founded in 2017, Zerohash provides banks and fintech companies with the ability to offer blockchain-based products in three main areas: crypto trading, stablecoins, and tokenization. The new funds are intended to expand into these three main areas.
Regulatory trends
Acting Chairwoman Caroline D. Pham of the U.S. Commodity Futures Trading Commission (CFTC) announced the launch of a "tokenized collateral" initiative, allowing derivatives traders to use non-cash assets such as stablecoins as collateral to improve market efficiency and transparency. This initiative builds on a pilot program launched in February with Circle, Coinbase, Crypto.com, Ripple, and Moonpay. The industry is invited to submit comments by October 20th. This move is seen as a significant step forward for the CFTC in modernizing capital markets and clarifying crypto regulation.
ECB official: Digital euro expected to be launched in mid-2029
Piero Cipollone, a member of the European Central Bank's Executive Board, stated that the digital euro is expected to be officially launched in mid-2029. He revealed that Eurozone finance officials reached an agreement last week on the limits for customer holdings of the digital euro, a key development that has injected momentum into the project. The project is currently gaining momentum, and relevant parties are accelerating the implementation of this long-term digital currency plan.
Character Voice
Fed Chairman Powell: If policy is not in the right place, we will take action to adjust it
Federal Reserve Chairman Powell said that if policy is not in the right place, action will be taken to adjust it. The Fed pays attention to financial markets, but our focus is on the dual mandate. Before the next meeting, we will pay attention to the labor market, growth data, and inflation data to judge whether the policy is in place.
CZ: FT report is false, YZi Labs has not sought external financing
CZ responded to the Financial Times report on social media, calling it false and fabricated information. He emphasized that YZi Labs has not sought external funding and has not solicited or held discussions with any investors since its rebranding. The project has never produced or presented a pitch deck, nor does it have a so-called "demo." Furthermore, YZi Labs is not a spinoff from Binance.
He further clarified that he pleaded guilty only to failing to maintain adequate anti-money laundering (AML) compliance procedures, not to "money laundering" as the media had alleged, saying the two were completely different in nature. He said that traditional media outlets were deliberately confusing the concepts of "regulatory failure" and "theft."
The founder also pointed out that the FT had tried to obtain a positive response through a lunch interview, but the final report did not match the promise, so he questioned its ethics.
Trump: Stock market performance hits record high
U.S. President Trump praised the stock market's gains, saying it had hit record highs and was performing better than ever before.
- 核心观点：加密货币市场呈现主流币震荡与新兴项目爆发并存格局。
- 关键要素：
- BNB领涨主流币，UXLINK单日暴涨超109%。
- 美联储释放降息信号，Tether拟5000亿估值融资。
- 监管推进代币化抵押品，数字欧元计划2029年推出。
- 市场影响：政策与资金面利好提振市场信心，加速创新应用落地。
- 时效性标注：短期至中期影响
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