1. Popular CEX currencies

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

• BTC: -3.16%
• ETH: -4.59%
• SOL: -6.74%
• XRP: -4.88%
• XPL: +1,172.50%
• BNB: -5.47%
• DOGE: -5.40%
• ADA: -3.61%
• SUI: -5.20%
• AVAX: -11.34%

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

• XPL: +2,454.80%
• SPK: +12.32%
• SATS: +8.13%
• HUMA: +6.30%
• AIDOGE: +6.22%
• ZENT: +4.82%
• OKB: +3.96%
• BARD: +3.28%
• KAIA: +1.54%
• ICE: +1.26%

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

• Qualigen Therapeutics, Inc. (QLGN.M): +33.09%
• Mawson Infrastructure Group Inc. (MIGI.M): +17.55%
• Mercurity Fintech Holding Inc. (ticker: MFH.M): +15.81%
• ProShares UltraShort Ether ETF (ETHD.M): +14.71%
• T-Rex 2X Inverse MSTR Daily (Symbol: MSTZ.M): +14.18%
• MP Materials Corp. (MP.M): +10.61%
• Intel (INTC.M): +10.35%
• GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF (ticker: CONI.M): +8.93%
• TSLA Daily 2x Short (Ticker: TSLQ.M): +8.92%
• ProShares UltraShort Bitcoin ETF (SBIT.M): +8.27%

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

• RWA
• Tesla-AI
• Kucoin
• Best
• $MIRA

Headlines

SEC Chairman: Will strictly investigate conflicts of interest in the crypto sector and plans to introduce an innovation exemption policy before the end of the year

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated at a conference at Georgetown University that the SEC will rigorously review conflicts of interest in the cryptocurrency sector and take enforcement action when necessary. He also revealed that the SEC plans to introduce an "innovation exemption" policy by the end of the year to accelerate the marketization of on-chain products and services.

U.S. jobless claims fall, but labor demand remains weak and unemployment rises to a four-year high

Initial jobless claims in the United States fell last week, but the job market lost its luster due to sluggish hiring. The U.S. Department of Labor reported Thursday that initial claims fell by 14,000 to a seasonally adjusted 218,000 in the week ending September 20. Despite hoarding workers, businesses remain reluctant to increase payrolls in response to uncertainty caused by protectionist trade policies. These policies have raised average U.S. tariffs to their highest level in a century. Weak labor demand has weakened the labor market's resilience, prompting the Federal Reserve to cut interest rates again last week. The Trump administration's immigration crackdown has also reduced the labor supply and curbed job growth. Initial jobless claims showed that continuing claims fell by 2,000 to a seasonally adjusted 1.926 million in the week ending September 13. The average length of unemployment rose from 24.1 weeks in August to 24.5 weeks, the longest since April 2022, and the unemployment rate rose to a nearly four-year high of 4.3%.

Industry News

Citigroup predicts that the scale of stablecoins may reach $4 trillion by 2030, but bank token trading volume may surpass it.

In its latest report, Citigroup raised its forecast for global stablecoin issuance in 2030 to $1.9 trillion in its baseline scenario, and up to $4 trillion in a bull market scenario, corresponding to an annual trading volume of $200 trillion. The report also notes that, driven by businesses' demand for regulatory safeguards, the trading volume of bank tokens (such as tokenized deposits) may surpass stablecoins, potentially exceeding $100 trillion by 2030. Citigroup believes that stablecoins, bank tokens, and central bank digital currencies (CBDCs) will coexist in the long term, jointly driving the reshaping of financial infrastructure.

Bitwise has submitted its S-1 filing for the Hyperliquid ETF to the SEC.

Bitwise has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed ETF related to Hyperliquid. The application is currently awaiting regulatory review.

BlackRock registers iShares Bitcoin Premium Yield ETF in Delaware

BlackRock has completed the registration of the "iShares Bitcoin Premium Income ETF" in Delaware. The entity form is a statutory trust, the registered agent is BlackRock Advisors, LLC, and the incorporation date is September 25, 2025. It is reported that the ETF aims to provide investors with premium returns related to Bitcoin.

Solana's stablecoin issuance exceeds $30 billion, and its ecosystem TVL exceeds $40 billion.

SolanaFloor announced that the issuance of RWAs and stablecoins within the Solana ecosystem has surged this week. Solana's stablecoin supply has surpassed $30 billion, and the ecosystem's TVL has surpassed $40 billion.

SharpLink to Partner with Superstate to Issue Tokenized Shares on Ethereum

SharpLink (SBET) has officially announced that it will partner with Superstate to issue tokenized SBET shares directly on the Ethereum blockchain. SharpLink will become the first publicly traded company to do so. The two parties will work together to enable tokenized public equity to be traded in a fully compliant manner on automated market makers (AMMs) and other DeFi protocols.

Project News

Plasma distributed $8,390 worth of XPL tokens to all users who participated in the ICO pre-deposit program.

Plasma distributed $8,390 worth of XPL tokens for free to all users who participated in its ICO pre-deposit program, even if they didn’t ultimately purchase tokens through the ICO. Plasma said that within three hours of its mainnet beta launch, half of all ICO participants had claimed their tokens.

Cloudflare plans to launch a USD-backed stablecoin, NET Dollar, to power AI services

According to Investing, Cloudflare (NYSE: NET) announced plans to launch NET Dollar, a dollar-backed stablecoin designed to provide instant and secure transactions for AI-driven network activities.

According to the company, NET Dollar will help modernize payment infrastructure by enabling transactions across currencies, regions, and time zones. The stablecoin is designed to enable programmatic operations, enabling AI agents to make instant payments based on predetermined conditions. The company positions NET Dollar as part of a shift away from advertising-based revenue models toward a system that rewards content creators and developers, while enabling AI companies to compensate content sources.

PayPal and Spark have partnered to boost PYUSD liquidity to $1 billion.

PayPal has partnered with decentralized finance platform Spark to expand the on-chain liquidity of PayPal USD (PYUSD) from the current $100 million to $1 billion through decentralized finance lending.

PYUSD, issued by Paxos and pegged to the US dollar, has been integrated into SparkLend, Spark's lending marketplace. This integration allows users to provide and borrow PYUSD, with liquidity backed by Spark's $8 billion stablecoin reserve. Within weeks of its launch, PYUSD deposits on SparkLend have exceeded $100 million.

Since 2025, Circle has issued a total of $31 billion in USDC on Solana.

According to Onchain Lens, Circle has issued an additional $250 million in USDC on the Solana chain. Since 2025, Circle has issued a total of $31 billion in USDC on the Solana chain.

Hyperion DeFi, a listed company, increased its holdings by approximately 176,400 HYPE tokens, bringing its total holdings to over 1.71 million.

According to Globenewswire, HyperionDeFi (NASDAQ: HYPD) announced today that it has purchased an additional 176,422 HYPE tokens, expanding its total holdings to 1,712,195 HYPE tokens, with an average purchase price of US$38.25 per token.

UXLINK announces token contract migration plan, with tokens to be exchanged for new contracts at a 1:1 ratio

UXLINK has officially announced that it will migrate the UXLINK token contract to a new contract on the Ethereum mainnet. The exchange ratio will be 1:1, and the token economics and maximum supply of 1 billion tokens will remain unchanged. The new contract address is 0x3991B07b2951a4300Da8c76e7d2c7eddE861Fef3.

The migration plan is divided into two parts: centralized exchanges (CEXs) and on-chain users. For CEX users, UXLINK will work with the CEX to distribute new tokens to the CEX, deducting the tokens deposited by the suspected hacker's address. The CEX will handle the hacker's frozen assets according to legal procedures, and UXLINK will provide 1:1 compensation to affected legitimate users. For on-chain users, a snapshot will be taken at the time the hacker first transferred assets, and users who held their tokens prior to that time will be eligible for a 1:1 swap. An on-chain swap tool will be developed for user access. The first batch of swaps on CEXs is expected to be completed within 1-5 business days, and the on-chain swap tool will be developed and launched within 5 business days. UXLINK is also recovering the stolen assets and will provide compensation to the community (including CEX users), including a buyback program and staking rewards.

Investment and Financing

CleanSpark Secures $100 Million Bitcoin Credit Line from Two Prime

According to PRNewswire, US Bitcoin mining company CleanSpark (NASDAQ: CLSK) has secured a $100 million Bitcoin-backed credit facility from Two Prime. This financing brings CleanSpark's total collateralized credit facility to $400 million, providing the company with additional non-dilutive capital to accelerate data center growth. The funds are expected to support the deployment of Bitcoin mining computing capacity and investments in high-performance computing (HPC) capabilities.

POP Culture plans to establish a $100 million crypto fund, the Crypto Pop Fund, and expand its treasury to 1,000 BTC.

According to PRNewswire, Nasdaq-listed company POP Culture plans to expand its Bitcoin treasury to 1,000 BTC to support the establishment of its $100 million digital trend fund "Crypto Pop Fund". The company disclosed last week that it had spent $33 million to buy 300 Bitcoins.

Stablecoin payment company RedotPay completes $47 million in financing, led by Coinbase Ventures

Stablecoin payment company RedotPay has secured $47 million in strategic funding, pushing its valuation past $1 billion and officially becoming a fintech unicorn. The round was led by Coinbase Ventures, with continued support from Galaxy Ventures and Vertex Ventures, as well as participation from an undisclosed global tech entrepreneur.

Founded in April 2023, RedotPay offers a stablecoin payment card, a multi-currency wallet, and global payment services. To date, the company has over 5 million users and a total payment transaction volume of $10 billion. Launched in June of this year, the global payment service has made inroads in less-developed regions such as Latin America, enabling direct transfers of cryptocurrencies into local bank accounts or e-wallets.

Regulatory trends

SEC, Finra investigate crypto treasury firms for unusual trading before announcements

Over 200 companies that announced the adoption of crypto treasury strategies have come under scrutiny from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (Finra) due to unusual stock price fluctuations prior to the announcements. Sources familiar with the matter revealed that regulators have sent letters to some companies, noting that significant increases in trading volume and stock prices prior to the announcement of their crypto asset purchases may indicate violations of Regulation Fair Disclosure (Reg FD), which prohibits companies from selectively disclosing material, non-public information to individual investors. Lawyers say such letters often signal the possibility of further insider trading investigations.

Canada's anti-money laundering agency fines KuCoin's parent company approximately $14.09 million

According to Reuters, Canada's anti-money laundering agency said Thursday it has fined Peken Global Limited, the operator of the KuCoin cryptocurrency exchange, 19.6 million Canadian dollars (14.09 million U.S. dollars). Canada's Financial Transactions and Reports Analysis Centre (FINTRAC) stated that Peken Global, based in the Seychelles, failed to register as a foreign money services business, report large virtual currency transactions of 10,000 Canadian dollars or more, or file suspicious transaction reports, which are mandatory for all financial institutions. This is the largest fine ever imposed by FINTRAC.

Hong Kong Securities and Futures Commission: Public should beware of unlicensed trading platform "BiyaPay"

The Hong Kong Securities and Futures Commission issued a warning today, reminding the public to beware of an unlicensed trading platform called "BiyaPay".

The platform claims to offer Hong Kong and US stock trading services and maintains an office in Hong Kong, but has never been licensed by the Securities and Futures Commission (SFC) or applied for any other license from the SFC. Under Hong Kong law, operating securities trading without a license or promoting related services to Hong Kong investors is illegal.

The SFC discovered BiyaPay through its social media monitoring platform and noted that the Hong Kong public could access platform information and register accounts through the platform's official website and social media accounts. The SFC has now placed the platform on its warning list.

Character Voice

Fed's Goolsbee: Somewhat uneasy about prematurely cutting rates too much based on slowing employment data

Fed's Goolsbee: The job market appears to be cooling, inflation is rising, and there is some unease about implementing too many rate cuts prematurely based on slowing employment data.

He Yi: CZ does not use WeChat, beware of related fake WeChat accounts

Binance co-founder He Yi posted a message saying, "CZ does not use WeChat. Someone is impersonating CZ to commit fraud. Please spread the word."