24H Trending Coins and News | NYSE and Blockchain.com to Explore Tokenized US Stock Trading; Strait of Hormuz Will Not Reopen for Now (September 24)
- Core Viewpoint: Against the backdrop of a broad crypto market decline, institutional allocation willingness has not diminished. A Bitwise report shows that none of the 15 large institutions reduced their holdings during the 50% market drawdown, with some further increasing their positions. Meanwhile, NYSE and Blockchain.com are exploring tokenized US stock trading, accelerating the convergence of traditional finance and crypto.
- Key Elements:
- Major coins on CEXes broadly declined over 24 hours, with BTC down 2.01%, ETH down 2.58%, and DOGE down 7.41%, while only NEAR bucked the trend with a 2.00% gain.
- Bitwise report: From Q4 2025 to Q2 2026, the crypto market experienced a drawdown of approximately 50%. None of the 15 large institutions surveyed reduced their holdings, with allocation ratios ranging from 0.5% to 13% of investable assets, mostly concentrated between 1% and 2%.
- NYSE and Blockchain.com plan to explore tokenized US stock trading, providing crypto versions of US-listed stocks in blockchain form.
- Bitcoin spot ETFs saw a net inflow of $715 million yesterday, marking 4 consecutive days of net inflows, with total net asset value reaching $110.84 billion. IBIT recorded a single-day net inflow of $350 million.
- MoonPay acquired North Capital for over $60 million, obtaining multiple SEC licenses to enter the tokenized securities sector.
- Hong Kong's new digital asset licensing regulations are expected to pass in the second half of this year or early next year, covering virtual asset trading services and custody business.
- Hyperliquid's open interest reached $18 billion, a historic high; miMATIC on Polygon continues to depeg, down approximately 14% from its $1 peg.
1. Trending CEX Tokens
Top 10 CEX Tokens by Trading Volume and 24-Hour Price Change:
- BNB: -2.41%
- BTC: -2.01%
- ETH: -2.58%
- XRP: -4.68%
- SOL: -2.94%
- ZEC: +0.00%
- NEAR: +2.00%
- DOGE: -7.41%
- PEPE: -10.59%
- SUI: -4.24%
Top 24-Hour Gainers (Data Source: OKX):
- LAT: +25.28%
- RAY: +15.06%
- MET: +12.31%
- ZRO: +10.80%
- LIT: +8.59%
- LSK: +8.35%
- ALLO: +7.00%
- SLX: +6.12%
- CELR: +5.27%
- xCRWD: +4.80%
Top 24-Hour Tokenized Stock Gainers (Data Source: msx.com):
- AIXC.M: +19.15%
- AXTQ.M: +13.19%
- AAOZ.M: +10.98%
- ZSL.M: +8.99%
- BWET.M: +8.68%
- ICG.M: +7.69%
- COHQ.M: +6.57%
- SKDD.M: +6.56%
- SNDQ.M: +6.3%
- MSTZ.M: +6.29%
2. Top 5 Trending On-Chain Meme Tokens (Data Source: GMGN):
- BUTT
- STOCKED
- GUCCI
- HERMES
- FomoGame
Headlines
NYSE and Blockchain.com to Explore Tokenized US Stock Trading
According to market sources, the New York Stock Exchange (NYSE) and Blockchain.com are exploring the launch of crypto versions of US-listed stocks, offering tokenized stock trading in blockchain form.
Bitwise: None of 15 Large Institutions Surveyed Reduced Holdings During 50% Crypto Market Drawdown
Bitwise released its first "Institutional Crypto Asset Adoption" report, based on interviews with investment professionals responsible for crypto asset allocation at 15 large institutions. The report states that between Q4 2025 and Q2 2026, the crypto market experienced an overall drawdown of approximately 50%, yet none of the surveyed institutions reduced their crypto asset allocations, with some further increasing their holdings; all surveyed institutions holding crypto assets hold Bitcoin, with most viewing it as a store of value and a hedge against fiat currency devaluation alongside gold. The report also shows that surveyed institutions allocated between 0.5% and 13% of investable assets to crypto, with most concentrated in the 1% to 2% range.
Industry News
The US Treasury Department said it will buy back up to $6 billion of longer-term government bonds on Thursday, the first such operation since Treasury Secretary Bessent expanded the buyback program, aimed at curbing recent rises in borrowing costs. The buyback ceiling is three times the $2 billion initially announced to investors in early August. The original plan was cancelled 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- to 30-year US Treasuries, the target of Thursday's buyback, extended their decline, with the 30-year yield briefly rising to 5.38% intraday, approaching the high of about 5.40% 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 expanded buyback, saying he acted because he believed market prices were "deviating" from equilibrium levels. The Institute of International Finance (IIF) warned on Wednesday that attempts to use "financial engineering" cannot resolve underlying debt dynamics, and that interventions such as buying securities in the secondary market "may bring temporary relief but cannot address the structural factors driving debt growth."
Iran Reviewing Response to US Proposal to End Hostilities
A senior Iranian official said Tehran is reviewing the US response to our proposal to end hostilities. In indirect talks with the US on Tuesday, the two sides discussed the reopening of the Strait of Hormuz and the lifting of the US blockade, with Iran's key priorities being a permanent end to hostilities and the lifting of the US naval blockade. Many differences remain between Iran and the US, but diplomacy continues. (Reuters)
Dollar Rises to Eight-Week High on Growing Fed Rate Hike Expectations
The dollar rose to its highest level since late July against a basket of currencies as markets bet the Federal Reserve will continue raising rates. The Fed raised rates by 25 basis points last week and signaled at least one more hike this year, with the dollar supported as market rate hike expectations continue to build. During European afternoon trading, renewed gains in energy prices also boosted the dollar, with Brent crude rising back above $100 per barrel.
Due to the dollar's safe-haven properties and the US position as a net oil exporter, rising energy prices typically benefit the dollar. However, as rate expectations become the dominant factor, the dollar's sensitivity to oil price fluctuations has declined. "The medium- to long-term dollar strength trend we previously forecast may finally be emerging," said Standard Chartered strategist Steve Englander in a note. (Jinshi)
Fed Governor Barr: Further Rate Hikes May Be Needed to Ensure Return to 2% Inflation Target
Federal Reserve Governor Barr said further rate hikes may be needed to ensure a timely return to the 2% inflation target, and further policy adjustments may be necessary to ensure inflation falls to the target level in a timely manner. Inflation has not clearly moved toward the target in a timely fashion; economic growth is strong, the labor market is solid, the Fed is in a disadvantageous position, and has made adjustments in the right direction.
Strait of Hormuz Will Not Reopen for Now, Iran Says It Is in No Hurry to Negotiate
The Secretary of Iran's Supreme National Security Council said that as long as Iran's conditions are not met, the Strait of Hormuz will not reopen and no negotiations will take place. Iran is in no hurry to negotiate, and its conditions have been drafted and handed to Qatar and Pakistan. (CLS)
US President Trump recently again advocated lowering US interest rates to 1% or even lower, arguing that low financing costs can promote corporate investment, reduce government debt costs, and enhance US economic competitiveness. Meanwhile, on September 16, the Fed raised the federal funds rate target range by 25 basis points to 3.75%-4.00%, the first hike since July 2023. Boston Fed President Collins subsequently expressed support for the hike, saying inflation risks remain above the Fed's 2% target and monetary policy needs to remain somewhat restrictive to push inflation down sustainably. (Reuters)
The latest periodic transaction report published by the US Office of Government Ethics (OGE) shows that an account in President Trump's name bought Strategy (MSTR) stock twice, on July 24 and July 27, in amounts of $1,001 to $15,000 and $50,001 to $100,000, respectively. In addition, the account sold $1,001 to $15,000 worth of MSTR on July 8. The report noted that MSTR shares have risen about 83% since July 24.
The White House previously said that the relevant stock and bond assets are traded through a discretionary account managed by a third-party institution, not directly by Trump himself; since Trump is the beneficiary of the account, the transactions are still disclosed in his name. (Bitcoin Treasuries)
Hong Kong Legislative Council member (Technology and Innovation constituency) Duncan Chiu, in a keynote speech at the 2026 Shanghai Blockchain International Week and the 12th Global Blockchain Summit, said that new licensing regulations covering virtual asset trading services, custody, and other businesses are expected to be submitted to the Legislative Council for discussion in H2 this year, with passage sought in H2 this year or early next year, at which point Hong Kong's digital asset-related licensing requirements will be basically clarified.
Chiu said the setback to the US CLARITY Act is more beneficial to Hong Kong in the long term; currently, two licensed stablecoin issuers in Hong Kong are testing different application scenarios.
According to SoSoValue data, spot Bitcoin ETFs saw total net inflows of $715 million yesterday (US Eastern Time, September 22).
The spot Bitcoin ETF with the largest single-day net inflow yesterday was BlackRock's ETF IBIT, with a single-day net inflow of $350 million, bringing IBIT's total historical net inflow to $64.856 billion.
Next was Fidelity's ETF FBTC, with a single-day net inflow of $257 million, bringing FBTC's total historical net inflow to $10.858 billion.
As of press time, the total net asset value of spot Bitcoin ETFs stands at $110.840 billion, with the ETF net asset ratio (market value as a percentage of Bitcoin's total market value) at 6.4%, and cumulative historical net inflows reaching $56.875 billion.
Project News
Blockaid: miMATIC on Polygon Continues to Depeg, Down About 14% from $1 Peg
According to Blockaid monitoring, QiDao Protocol's stablecoin miMATIC on Polygon remains depegged, currently trading at about $0.86, roughly 14% below its $1 peg. Blockaid said the depeg is still ongoing as of now.
Kalshi Files Rule Change with US SEC to List Perpetual Stock Futures
Kalshi has filed a proposed rule change with the US Securities and Exchange Commission to add Chapter 14 to its rulebook in order to list perpetual securities futures products with no fixed expiration date. Such contracts anchor prices near the spot price of the underlying US stock or ETF through periodic funding rates between longs and shorts, and are planned to be cleared by its clearing platform Kalshi Klear.
Underlying assets must meet conditions including deliverable supply exceeding 20 million shares, a market capitalization of at least $100 billion, and an average daily trading volume of at least $450 million over the past 6 months, with most contract units being 100 shares.
Hyperliquid Open Interest Hits Record High of $18 Billion
Open interest on Hyperliquid reached $18 billion, a record high.
Funding and Investment
MoonPay Acquires North Capital for Over $60 Million to Enter Tokenized Securities
MoonPay announced the acquisition of Utah-based brokerage services firm North Capital Investment Technology, which provides custody, secondary market trading, and tokenization services for debt, equity, and other assets. MoonPay did not disclose the transaction amount, but people familiar with the matter said the all-stock deal was worth more than $60 million. North Capital holds multiple US Securities and Exchange Commission (SEC)-related licenses, including broker-dealer, alternative trading system (ATS), transfer agent, and investment adviser, which MoonPay plans to use to expand into tokenized stocks and other businesses. (Fortune)
Solana Treasury Company Forward Industries to Raise $25 Million, Plans to Continue Accumulating SOL
Nasdaq-listed Solana treasury company Forward Industries announced it has signed a securities purchase agreement with an institutional investor to issue 3.125 million shares of common stock at $8 per share, expecting total proceeds of about $25 million. The offering is expected to close around September 24. Forward Industries said the net proceeds after related fees will be used to purchase more SOL to expand its SOL treasury and increase the amount of SOL per fully diluted share. A.G.P./Alliance Global Partners is acting as sole placement agent for the offering. (Globenewswire)
Galaxy Injects $100 Million in sUSDS into Sky Treasury, Buys SKY Tokens
Galaxy announced it has allocated $100 million worth of sUSDS to the Sky treasury and simultaneously purchased SKY tokens. The transaction further deepens the two parties' partnership in lending. (The Block)
Voices
"White-haired stock guru" Serenity posted on X that he recently bought several small Korean companies, including manufacturers supplying memory, testing equipment, machinery, and other products to Micron (MU), SK Hynix (SKHY), Samsung, and US companies. Serenity said that among companies with market caps of $30 million to $250 million, one can find optical component, CPU, memory, and related companies at business inflection points driven by AI demand, but he will not disclose specific company names due to high risk and volatility.
Serenity said that for him personally, if one or two of these companies can achieve a "10x" opportunity from $40 million to $400 million in market cap, the potential reward-to-risk tradeoff is attractive.
Peter Brandt: ETH Could Rise to $8,600 After Breaking $5,000
Veteran trader Peter Brandt said his long-term ETH chart shows that if ETH breaks $5,000, the price could eventually rise to $8,600. The higher target marked on the chart is $8,674.50.
Brandt emphasized that publishing
