Weekly Editor's Picks (0912-0918)

郝方舟

Odaily资深作者

@OdailyChina

2026-09-19 09:29 (UTC+8)

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Top-quality in-depth analysis articles and a weekly roundup of hot topics.

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Core Viewpoint: The Federal Reserve cut interest rates by 25 basis points for the first time in three years, but hawkish signals suggest further rate hikes remain possible within the year, triggering severe chain reactions across markets; meanwhile, the SEC is pushing open the door for tokenized stock trading through innovation exemptions, and X platform has opened a Cashtag trading entry point, accelerating the convergence of crypto and traditional finance.
Key Elements:
1. The Federal Reserve raised the benchmark rate to 3.75%-4.00%, with the dot plot indicating at least one more hike within the year, and the probability of an October hike rising to about 50%.
2. U.S. stocks and gold came under pressure, the dollar surged to a one-month high, and the yield curve sharply bear-flattened.
3. X platform launched a Cashtag trading entry point, with partner brokers including Interactive Brokers, Futu USA, Gemini, Kraken, and Coinbase; trading volume exceeded $1 billion in four days during the testing phase.
4. The U.S. SEC phased out obstacles to tokenized stock trading through innovation exemptions, strictly prohibiting trading of synthetic tokenized stocks, providing a short-term boost to on-chain markets.
5. Ethereum's EIP-8141 advances Frame Transactions, enabling gas payments with USDC in the future, shifting rather than eliminating ETH demand.
6. North Korean hackers using a new tactic of paying people $500 to interview and physically impersonate candidates to get hired has raised security concerns.

The information flow is too fast, and in-depth analysis articles are easily drowned out by hot topics. The "Weekly Editor's Picks" column pulls content with judgment value out of the massive flood of information, helping you filter out the noise, retain insights, and gain inspiration.

Macro Landscape

Slapping Trump in the Face: The Fed Raises Rates for the First Time in Three Years

On Wednesday, September 16, US Eastern Time, the Federal Open Market Committee voted unanimously to raise the benchmark interest rate by 25 basis points to a range of 3.75% to 4.00%.

The latest dot plot shows at least one more rate hike remains this year, and market bets on an October hike immediately rose to about 50%, with expectations for a December hike also rising in tandem.

The hawkish signal triggered a chain reaction across markets: US stocks and gold both came under pressure, the dollar surged to a one-month high, and the yield curve flattened sharply in a bearish move.

Investment & Entrepreneurship

X Platform Opens Trading Entry via Cashtag: Is the Next "Global Financial Super App" Here?

X has launched the X Cashtag Partner Program in the United States, adding a "Trade" entry to Cashtags. After users click on a supported stock, ETF, or cryptocurrency Cashtag, they can view asset price charts and related posts, and jump through the "Trade" entry to partner brokerages to complete transactions; the first batch of partner brokerages includes Interactive Brokers, Moomoo (Futu US), Gemini, Kraken, and Coinbase.

During the Cashtag testing phase, trading volume surpassed $1 billion in 4 days, and it is expected to drive at least $25 billion by the end of the year.

Policy and Stablecoins

US SEC Opens "Pandora's Box": On-Chain Tokenized Stock Trading Officially Begins

Although the CLARITY Act previously failed to pass a Senate vote, in just one day, the US SEC swung into action and began widely opening the door to tokenized stock trading under the name of an "innovation exemption." This document phased out obstacles to tokenized stocks and was hailed by industry insiders as an "important moment for American innovation," while also boosting the on-chain market and altcoins in the short term.

CeFi & DeFi

How Does a Failed BTC Treasury Company Complete the Delisting Process?

Satsuma, once a UK-listed BTC DAT company, is exiting: selling its BTC, shutting down operations, returning most of its capital to shareholders, and then voluntarily withdrawing from the stock trading market.

A voluntary delisting by a DAT requires the following steps: the shareholders' meeting passes a special resolution → determine the final shareholders and number of shares entitled to the capital return → sell BTC, shut down operations, and clean up the balance sheet (the most critical step in a DAT exit, meaning it will transform from a listed company holding BTC into a liquidation entity waiting to distribute remaining cash) → the court confirms the capital return plan (a relatively special step in the UK company law process) → delisting and completing asset distribution to shareholders.

Airdrop Opportunities and Interaction Guides

Meme

CZ-Backed Genius.fun Is Leading a Meme Community in a Reverse Takeover of a Listed Company?

genius.fun uses a foundation model to help Meme community capital exert influence on the real world, and ultimately the community may even have a chance to acquire a listed company, making it a 2.0 version of the coin-stock pairing Meme narrative. But many specific questions remain to be answered before real-world implementation.

Ethereum and Scaling

Rebuttal to the Ethereum "Abandoning" ETH Theory: What Does It Really Mean That You Can Pay Gas Without ETH?

With the advancement of EIP-8141 (Frame Transactions): in the future, even if there is no ETH in a wallet, transfers can still be made directly, Gas can be deducted directly from USDC, and some applications may even cover Gas for you outright in order to attract users.

From a trend perspective, in the future, who authorizes, who executes, who pays, and how verification is performed can all be separated and recombined.

Users may not perceive ETH, but the Paymaster, applications, or other accounts responsible for paying on the user's behalf still need the ability to cover network fees denominated in ETH, and the existing EIP-1559 fee market has not been replaced by stablecoins because of Frames. What has changed is only the location of ETH demand.

What EIP-1559 weakens is the idea that "every user must stock up a little ETH in advance in order to use Ethereum," but the bet is that once this threshold disappears, more people will truly begin using Ethereum.

Multi-Ecosystem

Team Livestream Scarier Than a Rate Hike: Did ARC's Meme Collapse in Just One Day After Launch?

Meme culture has not yet formed, and the launchpad is already severely oversaturated; the team's marketing is stiff, and the livestream viewing experience is unappealing; it originally had a clear positioning as a stablecoin chain, but now it is stuck between corporate finance and meme speculation; it copied the gameplay from Robinhood Chain but not the buyers.