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## BingX Airdrop Campaign: 5 Million USDT Giveaway BingX would like to express our sincere gratitude for the support and patience shown by our users during the wallet incident on September 20th. We are launching a "5 Million USDT Airdrop Reward Program" as a token of appreciation for our loyal users. [Click here for details](https://bingx.com/zh-tw/act/template/7693/?randomId=5162796668) ## Airdrop Details **Eligible users:** Users who did not withdraw their coins during the airdrop statistics period, or users with a net deposit amount >= 0. \* Must also meet the following requirements: platform asset value >= 10 USDT, completed KYC, and logged in between September 13th, 00:00 – September 20th, 00:00 (UTC+8). **Airdrop Statistics and Distribution Period:** September 20th, 4:00 – September 25th, 24:00 (UTC+8). The airdrop will begin after the statistics period ends and will be completed within 5 days. **Distribution Rules:** 500,000 users will be randomly selected, and each lucky user will receive a token voucher airdrop reward worth 1, 2, 5, 10, 20, 50, 100, 200, 500, 1000, 2000, or 5000 USDT (USDT, BTC, or other tokens). **Airdrop Form:** Token vouchers will be issued and can be redeemed for the corresponding spot tokens for free within 7 days. **Airdrop Address:** Users' BingX account "Voucher Center". \* New user exclusive airdrop event! In addition to rewarding loyal users, we have prepared a special airdrop event for new users, inviting more friends to join the BingX community. Click [here](https://bingx.com/zh-tw/act/general/8558470962/) to participate and get a chance to receive a BTC airdrop reward! We sincerely appreciate your support and trust! BingX is committed to providing secure asset protection, a smooth trading experience, and a reliable trading environment. Our mission has never changed. We thank every user for their understanding and support. Other Notes: 1. Please update your BingX app to the latest version to ensure you can claim your token vouchers smoothly. Unclaimed vouchers will not be reissued. 2. BingX reserves the right to the final interpretation of this event. --- **This content is provided by the official source and does not represent the stance or investment advice of this website. Readers should make their own prudent evaluation.** ---

According to the "Procuratorial Daily," the methods used to assist information network crimes are constantly evolving, and telecommunications fraud cases involving virtual currencies are occurring frequently. In June of this year, suspect Yang, using a messaging app, logged into the "Huiwang" platform, a black market for illicit transactions, and joined a group dedicated to buying and selling virtual currency "U Coins." Subsequently, Yang, Jin, and He jointly invested 220,000 yuan, with Yang purchasing virtual currency from a "U Merchant" within the group at a price three cents lower than the platform's trading price. This virtual currency was stored in the "U Merchant's" account to be used for tasks. These tasks involved assisting the "U Merchant" in selling "U Coins" and collecting the proceeds. On June 8th, Yang, instructed by the "U Merchant," colluded with Jin and He to collect 220,000 yuan in cash from victim Gao by selling "U Coins." They then deposited the 220,000 yuan in cash at a location designated by the "U Merchant," who then transferred the payment in the form of "U Coins" to Yang's "U Coin" account, resulting in a profit of 3,800 yuan for the trio. The report states that in China, foreign exchange transactions must be conducted at designated locations by the state. Otherwise, it constitutes illegal foreign exchange trading, and in serious cases, individuals could face criminal liability. Therefore, prosecutors urge investors to exercise caution and refrain from easily believing others, withdrawing large sums of cash from banks to purchase virtual currency in pursuit of small profits. They should maintain rationality, enhance risk awareness and identification capabilities, remain vigilant against virtual currency scams, and stay away from illegal fund-raising activities.

According to a report by Jinse Finance, citing the "Procuratorate Daily," the methods used to facilitate cybercrime are constantly evolving, and telecommunications network fraud cases involving virtual currencies are also happening frequently. In June of this year, suspect Yang, through a messaging app, logged onto a black and gray market trading platform called "Huawang" and joined a group chat for buying and selling the virtual currency "U Coin." Subsequently, Yang, Jin, and He jointly invested 220,000 yuan, with Yang purchasing virtual currency from a "U Merchant" in the group at a price three cents lower than the platform's trading price. This currency was stored in the "U Merchant's" account to be used for tasks. These tasks involved assisting the "U Merchant" in selling "U Coins" and collecting the proceeds. On June 8, Yang, instructed by the "U Merchant," colluded with Jin and He to collect 220,000 yuan in cash from victim Gao by selling "U Coins." The 220,000 yuan was then deposited at a location designated by the "U Merchant," who then transferred payment in the form of "U Coins" to Yang's "U Coin" account. The three individuals earned a total of 3,800 yuan in profits. The report states that in China, the purchase and sale of foreign exchange must be conducted at designated locations, otherwise it is considered illegal. In serious cases, individuals may face criminal charges. Therefore, prosecutors remind investors to avoid easily believing others and withdrawing large amounts of cash from banks to purchase virtual currencies in pursuit of small profits. They should remain rational, strengthen their risk prevention awareness and identification abilities, be constantly vigilant against virtual currency scams, and stay away from illegal fundraising activities.

According to Mars Finance, the price of FB (Fractal Bitcoin) has fallen below 13 USDT, currently trading at 12.39 USDT. This represents a 21.13% decline in the past 24 hours.

## Kucoin's FIRE (MATR1X FIRE) Hits All-Time High, Trading at 1.82 USDT Mars Finance reports that Kucoin's price data shows FIRE (MATR1X FIRE) has broken through 1.89 USDT, marking a new all-time high. It is currently trading at 1.82 USDT, with a 6% increase in the last 24 hours and a 47% increase over the past seven days. According to reports, MATR1X FIRE launched a "Genesis Spark" gold mining test on September 21st. Genesis character players can participate in gold mining to earn FIRE.

## IMF Issues Guidance for Inclusive CBDC Adoption The International Monetary Fund (IMF) released a document on September 21st titled "Inclusive Strategies for Central Bank Digital Currency Adoption: Intermediaries and Users." This document suggests implementing inclusive strategies targeting intermediaries and end-users. It introduces a new framework called REDI, aimed at driving CBDC adoption. IMF staff emphasize that successful CBDC implementation requires proactive policy and design choices that benefit end-users and intermediaries. They urge central banks to prioritize stakeholder engagement. The REDI framework, standing for **R**egulation, **E**ducation, **D**esign and Deployment, and **I**ncentives, was developed by IMF staff to assist central banks in enhancing CBDC adoption.

The frontend website for Dora Vota, Dora Factory's decentralized governance infrastructure, is now live for the mainnet DORA token migration. On-chain token holders can migrate their tokens to the mainnet through Dora Factory's official website. Users need to have their Dora Vota mainnet address ready (which can be obtained through Cosmos ecosystem wallets like Keplr). After executing the token migration, Ethereum ERC20 DORA tokens will be transferred to the 0x01 black hole address and destroyed. The same number of Dora Vota mainnet DORA tokens will be transferred to the user's provided Dora Vota address. From this point forward, ERC20 DORA tokens will be obsolete and no longer supported. The Dora Vota mainnet DORA token will be used for network fees, staking economic security, and supporting the aMACI protocol's token economic model. Centralized exchanges have gradually stopped accepting Ethereum ERC20 DORA token deposits. Centralized exchanges will begin to gradually support the Dora Vota mainnet and will open deposits and withdrawals after completing mainnet support.

## Dora Factory's Decentralized Governance Infrastructure, Dora Vota, Launches Mainnet DORA Token Migration Frontend On September 22nd, the frontend portal for the Dora Vota mainnet DORA token migration went live. Holders of DORA tokens on the Ethereum blockchain can now migrate their tokens to the Dora Vota mainnet using the official Dora Factory portal. To migrate their tokens, users will need to prepare their Dora Vota mainnet address, which can be obtained through Cosmos ecosystem wallets like Keplr. After initiating the migration, the Ethereum ERC20 DORA tokens will be transferred to the 0x01 black hole address and destroyed. An equal amount of Dora Vota mainnet DORA tokens will then be transferred to the user's provided Dora Vota address. With this migration, the ERC20 DORA token will be discontinued and no longer supported. The Dora Vota mainnet DORA token will handle network transaction fees, secure the staking economy, and support the aMACI protocol's token economic model. Centralized exchanges have begun to halt deposits of Ethereum ERC20 DORA tokens. These exchanges will start supporting the Dora Vota mainnet gradually, and will enable deposits and withdrawals once mainnet support is fully implemented.

## Bitcoin Transaction Fees Drop to 2 Satoshis/byte **According to Mars Finance, mempool.space data shows that Bitcoin network transaction fees have dropped to 2 satoshis/byte. Both medium and high priority transactions are currently reporting at 2 satoshis/byte.**

## PYUSD Supply Drops Significantly **Mars Finance News** reports that according to Defillama data, the PYUSD supply has decreased by 8.50% in the past 7 days. The current market capitalization is reported at $7.0574 billion. Over the past 30 days, the supply has declined by 26.49%.

**September 22nd news, according to mempool.space data, the current Bitcoin network transaction fee has fallen to 2 satoshis/byte. Both medium and high priority transactions are currently at 2 satoshis/byte.**

According to ChainCatcher, Lookonchain has tracked a whale purchasing 96,639 ETH (worth $151.42 million) from Coinbase on September 3rd and 4th, 2022, at an average price of $1,567. Since March 6th, this whale has deposited 70,000 ETH (worth $214.34 million) into Kraken at an average price of $3,062. They have 26,639 ETH remaining (worth $68.81 million). By buying low and selling high, the whale has profited $131.72 million.

## MATR1X FIRE Burns Over 9.7 Million USD in $FIRE Tokens MATR1X FIRE officially announced on X that they have burned a total of 5,453,569 $FIRE tokens, amounting to a value of 9.7 million USD at the current price of $1.78 per $FIRE. The announcement further stated that $FIRE tokens consumed within the game will continue to be burned, further contributing to the deflationary nature of $FIRE. Based on the previously released "Infinite Game Plan," MATR1X FIRE aims to reduce the total supply of $FIRE to 500 million through continuous burning. Furthermore, MATR1X FIRE launched its "Genesis Spark" gold-mining test on September 21st. Currently, players with Genesis characters can participate in mining activities. The game is available for download on Google Play and Apple Store.

## Bitcoin ETF inflows surge while Ethereum ETFs see outflows: Mars Finance According to Coinglass data, US spot Bitcoin ETFs saw net inflows of 6,578.89 BTC (approximately $414 million) this week. In contrast, spot Ethereum ETFs witnessed net outflows of 11,461.21 ETH (approximately $29.66 million).

On September 22, according to Coinglass data, U.S. spot Bitcoin ETFs saw net inflows of 6,578.89 BTC (approximately $414 million) this week, while spot Ethereum ETFs saw net outflows of 11,461.21 ETH (approximately $29.66 million).

Linea, the official team, has published a statement clarifying that there are currently no plans for any Linea token sale or airdrop. They emphasize that they have no future plans for such activities either. Users are advised to be wary of any scams claiming to offer such opportunities.

MATR1X FIRE has officially announced on X that it has burned a total of 5,453,569 $FIRE tokens, with a current $FIRE price of $1.78, resulting in a total burn value of $9.7 million. They also revealed that $FIRE will continue to be burned through in-game consumption, further driving the deflation of $FIRE. According to MATR1X FIRE's previously released "Infinite Game Plan," the platform plans to reduce the total supply of $FIRE to 500 million through continuous burning. Furthermore, MATR1X FIRE officially launched its "Genesis Spark" gold-making test on September 21st. Currently, Genesis character players can participate in gold-making and mining. The game can be downloaded through Google Play and Apple Store.

According to Mars Finance, the Grass Foundation announced that it has completed its Series A funding round led by Hack VC. Polychain Capital, Delphi Digital, Brevan Howard Digital, and Lattice participated in the round, but the funding amount was not disclosed.

## Bitcoin Flows: More In Than Out **火星財經** reported on September 22nd that according to Coinglass data, 9,680.85 Bitcoin flowed into centralized exchanges (CEX) over the past 7 days. The top three CEXs receiving the most Bitcoin were: * **Kraken**: 10,400.63 Bitcoin * **Binance**: 2,498.89 Bitcoin * **Gemini**: 1,866.35 Bitcoin However, over the past 30 days, a total of 95,811.59 Bitcoin flowed out of CEXs.

September 22nd news, according to Coinglass data, a total of 9680.85 Bitcoins flowed into CEX in the past 7 days. The top three CEXs with the largest inflows are: * Kraken: 10,400.63 coins; * Binance: 2498.89 coins; * Gemini: 1866.35 coins. However, a total of 95,811.59 Bitcoins have flowed out of CEX in the past 30 days.

According to Lookonchain, a whale purchased 96,639 ETH (worth $151.42 million) from Coinbase on September 3rd and 4th, 2022, at an average price of $1,567. Since March 6th, this whale deposited 70,000 ETH (worth $214.34 million) into Kraken at an average price of $3,062. This leaves 26,639 ETH (worth $68.81 million) remaining, resulting in a profit of $131.72 million from buying low and selling high.

## ChainCatcher reports that Linea has officially stated they have no plans for a Linea token sale or airdrop, either now or in the future. Be wary of scams claiming otherwise.

"Gold Finance reported that Staking Circle posted on X stating that the BTC-LRT ecosystem is rapidly growing, with a market size exceeding $5.7 billion, excluding $9 billion worth of WBTC assets on the Ethereum chain. Among them, Lombard ranks first with a 52% market share."

Staking Circle posted on X, stating that the BTC-LRT ecosystem is rapidly growing, with a market size exceeding $570 million, excluding the $9 billion WBTC assets on Ethereum. Lombard currently holds the leading position with a 52% market share.

According to Golden Finance, Arkham monitoring revealed that approximately 14 hours ago, Cumberland's tagged address transferred 500,000 PYUSD to a Kraken Deposit address, which was subsequently transferred to a Kraken hot wallet.

According to ChainCatcher, Arkham monitoring revealed that approximately 14 hours ago, the Cumberland tagged address transferred 500,000 PYUSD to the Kraken Deposit address, which was subsequently transferred to the Kraken hot wallet.

DeFiLlama data reveals that the Sui TVL has surpassed $1.1 billion, setting a new all-time high. Currently, it stands at $1.16 billion. The top three protocols in its ecosystem TVL are as follows: - NAVI Protocol TVL is $418.27 million, with a 7-day increase of 22.56%. - Scallop Lend TVL is $220.17 million, with a 7-day increase of 15.94%. - Suilend TVL is $192.74 million, with a 7-day increase of 31.83%.

According to Mars Finance, Elon Musk responded to a question on X platform stating that the AI service Grok will soon launch as a standalone app. Original link: https://x.com/elonmusk/status/1837650492987474016

ChainCatcher reports that Jupiter co-founder Meow posted on X that to become (and remain) a leading crypto project, you must develop, adopt, and learn faster than anything ever seen in tech history. Over the past two years, Jupiter has transformed from an aggregator into a multifaceted driver, reimagining three key areas of crypto - platform, community, and token - which they call the Jupiverse. While Jupiter has done well in all three aspects so far (gathering various lessons learned), there are many more experiments to be conducted together. In the coming months and years, Jupiter intends to explore the possibilities of these three areas with its community.

On September 22nd, Jupiter co-founder Meow posted on X platform, stating that to become (and remain) a leading cryptocurrency project, it must evolve, adopt, and learn faster than anything seen in the history of technology. Over the past two years, Jupiter has transformed from an aggregator into a multifaceted driver, rethinking three key areas of crypto – platform, community, or token, known as the Jupiverse. While Jupiter has done well in all three aspects so far (experiencing significant setbacks and learning), there are more experiments to be done together. In the coming months and years, Jupiter intends to explore the possibilities in these three areas with the community, seeing what the Jupiverse can become.

According to Golden Finance, data from The Block shows that Bitcoin miners have earned $5.3491 billion so far in September, representing 62.83% of the $8.5136 billion earned in August. August had already marked the lowest monthly earnings for miners this year. If this number doesn't increase by more than $3.1645 billion before the end of September, September will become the month with the lowest Bitcoin mining revenue in 2024.

On September 22, according to HTX data, TAO surged over 13% in the past 24 hours, currently trading at $466.5.

Data from The Block shows that Bitcoin miners have earned $534.91 million so far in September, which is 62.83% of the $851.36 million earned in August. August already saw the lowest monthly profit for miners this year. If this number doesn't increase by more than $316.45 million before the end of September, September will be the month with the least Bitcoin mining revenue in 2024. (Bitcoin.com)

## Mars Finance News: Serotonin Founder Warns Against Blind Trust in Crypto Marketing Amanda Cassatt, founder of Web3 marketing firm Serotonin, spoke at the Token2049 conference in Singapore, cautioning investors against solely relying on marketing efforts despite the growing adoption of crypto. Cassatt emphasized the importance of a "skeptical" approach to crypto marketing for both experienced and new investors, urging them to "always do their own research to understand any technology or product they are using." She pointed out that the due diligence standards for public relations firms have improved in recent years, as companies need to be more careful than ever to ensure they're working with legitimate crypto projects. This often involves PR firms seeking second opinions from fund managers and angel investors who have conducted more in-depth financial assessments of projects. “Most of our business comes from leading venture capital firms in the space, so they’ve done due diligence on these projects, which definitely helps us,” Cassatt said. "We also do our own process to ensure it’s not just a viable project — we think it has a great team, can actually deliver on its mission — but that we are a good fit for that project." (Cointelegraph)

According to ChainCatcher, Lookonchain has monitored that Arthur Hayes sold 1.59 million PENDLE tokens over the past two days at an average price of $3.52, earning $5.62 million. After his sale, the price of PENDLE rose by 24%, and those 1.59 million PENDLE tokens are now worth $6.91 million. This resulted in a missed profit of approximately $1.29 million.

According to Golden Finance, Lookonchain monitoring shows that Arthur Hayes (@CryptoHayes) sold 1.59 million PENDLE tokens over the past two days, totaling $5.62 million at an average price of $3.52. Despite Arthur Hayes' sell-off, the price of PENDLE surged 24%, meaning those 1.59 million PENDLE tokens are now worth $6.91 million. His sale resulted in an estimated loss of approximately $1.29 million.

"Gold Finance reports that asset management firm VanEck predicts: 'Bitcoin is growing and will eventually reach half the total market capitalization of gold, or around $350,000.'"

**PANews reported on September 22nd that Arthur Hayes (@CryptoHayes) sold 1.59 million PENDLE tokens over the past two days, totaling $5.62 million at an average price of $3.52. Despite Hayes's sell-off, the price of PENDLE surged by 24%, meaning the 1.59 million PENDLE tokens are now worth $6.91 million. His sale resulted in an estimated loss of approximately $1.29 million.**

PANews reported on September 22nd that the Fear & Greed Index currently stands at 52, indicating a neutral market sentiment, according to Alternative data. **Note:** The Fear & Greed Index ranges from 0-100 and is calculated based on the following indicators: * Volatility (25%) * Market Volume (25%) * Social Media Momentum (15%) * Market Surveys (15%) * Bitcoin Dominance (10%) * Google Trends (10%)

On September 22nd, yield arbitrage protocol Tranching Protocol reported that its official Twitter account, @TranchingPro, was hacked. Unauthorized individuals posted false content, misleading community members into participating in a fake token issuance. We strongly advise all users that the platform currently has no new token issuance plans. All token-related information recently posted is false. Please identify the new official Twitter account of Tranching Protocol: @GoTranching. Tranching Protocol is actively taking steps to regain account control and suggests community members avoid clicking, engaging with, or sharing any links or content recently posted by the hacked account. If you have already engaged with the account, please take immediate protective measures and report the relevant content. Tranching Protocol will provide updates on the progress of the situation as soon as possible. We remind users again to stay vigilant and protect their assets.

According to Mars Finance, on September 22nd, foreign media reported that in April this year, it was rumored that OpenAI CEO Sam Altman was collaborating with former Apple design chief Jony Ive to design AI hardware for individuals, and they were currently seeking external investment. Ive himself confirmed this on September 21st. The report mentions that the new company could raise $1 billion in funding by the end of the year. The project currently has only 10 employees, including two key figures who worked with Ive on developing the iPhone. As for the product itself, there were rumors last year suggesting it was inspired by touchscreen technology and the first-generation iPhone, but this information has not been confirmed. (JinShi)

According to Golden Finance, Elon Musk said in response to a question on X (formerly Twitter) that the AI service Grok will soon be released as a standalone app.

On September 22nd, UniSat announced several updates to improve the availability of their UniSat services on Fractal. These include: * **Fractal navigation update:** The market can now be accessed from the navigation bar, and the Apps tab is now available for services like Bool Bridge and other upcoming features. * **Protocol page update:** CAT20 has added sorting and searching functionalities, allowing users to sort by deployment time, progress, holders, and trading pair related tickers. It also allows users to search for specific tickers. Sorting functionality is also available for brc-20 tickers.

According to PANews on September 22nd, Elon Musk revealed in a social media response to a question that his AI service, Grok, will soon be available as a standalone app.

## Mars Finance News: BTC Exchange Deposits at Lowest Point Since 2016 Leon Waidmann, Head of Research at the Onchain Foundation, posted on X (formerly Twitter) that based on CryptoQuant data, the number of Bitcoin (BTC) exchange deposit addresses is currently at its lowest level since 2016. This suggests that few people are willing to send their BTC to exchanges to sell.

Golden Finance reported that in April this year, there were rumors that OpenAI CEO Sam Altman was collaborating with former Apple design chief Jony Ive to design AI hardware for individuals, and they were seeking external investment. Ive himself confirmed this on September 21st. The report mentioned that the new company could raise $1 billion in funding by the end of this year. The project currently has only 10 employees, including two key figures who worked with Ive on the iPhone. As for the product itself, there were rumors last year that it was inspired by touchscreen technology and the original iPhone, but this has not been confirmed.

## Travala Expands to Solana, Adding Third Network for Crypto-Friendly Travel Bookings ChainCatcher reports that Travala, a crypto-friendly travel booking platform, has integrated with Solana, expanding to its third network alongside Ethereum and BNB Chain. Travala CEO Juan Otero announced the news during a panel discussion at the Solana Breakpoint conference in Singapore on Saturday. This integration allows users to book flights, hotels, and accommodations using Solana-based assets, including SOL, USDT, and USDC. Users can also earn up to 10% of their booking value in SOL travel rewards through their loyalty program, which previously supported BTC and Travala's native token AVA for rewards.

According to Golden Finance, UniSat announced on X that it has implemented several updates to improve the usability of UniSat services on Fractal, including navigation updates and protocol page updates.

According to Foresight News, PENDLE surged to a high of $4.4 USDT, marking a 24-hour gain of over 24%. The current price is $4.34 USDT.

On September 22nd, Solana multi-signature protocol Squads announced the official start of development for Squads Protocol v5, the next generation of its SVM smart accounts, aiming to accelerate the adoption of smart accounts and account abstraction on Solana and SVM. In 2025, Solana runtime feature activation will increase the CPI limit, making smart accounts a focus for the Solana chain. To embrace this transformation, Squads is designing Squads v5 to empower developers to build wallets, DeFi applications, and payment solutions, offering seamless login, robust security, and intuitive user experiences. Earlier this year in June, Squads Labs, the developer of Squads, announced the completion of a $10 million Series A funding round led by Electric Capital, with participation from Coinbase Ventures and others.

On September 22nd, according to market data, the MEME concept token TERMINUS, themed around Elon Musk's "First Martian City Naming," briefly spiked past $0.2 before retracting. It is currently trading at $0.1515, representing a 763% increase over the past 24 hours. The current total market capitalization has exceeded $15 million, with $8.35 million in 24-hour trading volume.

ChainCatcher reports that Squads, a multi-signature protocol in the Solana ecosystem, announced in its official blog that Squads Protocol v5 will be formally verified and will be launched on the Solana mainnet later this year. This will enable users to exercise fine-grained control over smart accounts, accelerating the adoption of smart accounts and account abstraction on Solana and SVM. The new version is said to introduce features such as synchronous transaction execution and will also include performance and memory improvements.

## Mars Finance News: Arthur Hayes Invests in Aethir (ATH) After Selling PENDLE According to EmberCN, Arthur Hayes, co-founder of BitMEX, has continued investing in Aethir (ATH) after selling 1.595 million PENDLE (approximately $5.61 million) over the past two days. He recently purchased 8.48 million ATH (approximately $510,000) from Flowdesk, a market-making/OTC platform, just an hour and a half ago. Since August 15th, Arthur Hayes has withdrawn a total of 54.26 million ATH (approximately $3.61 million) from OKX, Bybit, and Flowdesk, at an average price of $0.066. Notably, Arthur Hayes' fund is associated with Maelstrom, an investor in Aethir (ATH). Therefore, these purchases may have a "marketing" purpose. After Hayes sold PENDLE, the price of PENDLE rose by 23%.

According to Golden Finance, Squads, a multi-signature protocol in the Solana ecosystem, has announced the official start of development for Squads Protocol v5. This is the next generation version of the SVM smart account, aimed at accelerating the adoption of smart accounts and account abstraction on Solana and SVM.

## Gate.io and Airdrop2049 Join Forces for a Successful Airdrop Campaign **Foresight News** reported that Gate.io, in collaboration with the Airdrop2049 project, launched a joint AIRDROP mining event on September 15, 2024. The event garnered participation from over 1.13 million users. This campaign offered a total of 150 million AIRDROP tokens as airdrop rewards, along with an additional 10,000 USDT in ranking prizes. Gate.io successfully listed Airdrop2049 (AIRDROP) for spot trading on September 20, 2024, at 4:00 PM. The 24-hour trading volume surpassed 505 million AIRDROP tokens. Gate.io's Startup New Coin Mining platform initiated an Airdrop2049 mining activity, running from September 20th to September 30th. Users were able to stake their AIRDROP tokens in the Startup New Coin Mining pool, earning AIRDROP token rewards. The total reward for this activity amounted to 5,666,667 AIRDROP tokens.

According to Mars Finance, Leon Waidmann, Head of Research at the Onchain Foundation, posted on X that over 40% of the ETH supply remains locked in smart contracts based on Glassnode data. However, this upward trend has recently declined slightly.

Trader Eugene Ng Ah Sio posted on X: "There's a high chance of a liquidity clean-up, and then you might have a last chance to enter/add to your BTC position at $61,000. Or it might continue to rise. The question is, for certain altcoins, once these momentum moves start, even if Bitcoin crashes, it won't affect them much (see the performance of SUI after it went from $0.8). "

According to Golden Finance, top trader Eugene Ng Ah Sio has issued a new opinion stating, "There is a high probability of some sort of liquidity liquidation, after which you may have a final opportunity to enter Bitcoin at $61,000 or cover your short positions. Or we might continue to rise. The question is, for certain specific altcoins, once these momentum moves begin, even a Bitcoin crash won't have much impact on them (refer to SUI's performance after $0.80)."

## Mars Finance News: TERMINUS, the MEME Token Inspired by Musk's "First Martian City Naming" Theme, Breaks $0.1 **September 22nd:** According to market data, TERMINUS, the MEME concept token inspired by Elon Musk's "First Martian City Naming" theme, has surged past $0.1, currently trading at $0.1073. This represents a 1,079% increase in the past 24 hours. The token currently boasts a market capitalization of $10.71 million with a 24-hour trading volume of $8.35 million.

## Ethereum Could Rise from $2,500 to $10,000 This Cycle **Mars Finance reports that on September 22, Mike Alfred, founder of crypto wealth management firm Eaglebrook Advisors, posted on X:** “Bitcoin maximalists will absolutely scoff at this notion: Ethereum could go from $2,500 to $10,000 this cycle. But that’s how liquidity cycles work. You can try to fight it, you can argue against it, you can whine and complain. But it doesn’t matter. Everything is going up.”

The front-end website for the DORA token migration to the Dora Vota mainnet, Dora Factory's decentralized governance infrastructure, is now live. On-chain token holders can migrate their tokens to the mainnet through the official Dora Factory website. Users will need to have their Dora Vota mainnet address ready (which can be obtained through Cosmos ecosystem wallets like Keplr). The Dora Vota mainnet DORA token will carry network transaction fees, stake economic security, and decentralize governance applications. The Ethereum ERC20 DORA token will be retired and no longer supported. Centralized exchanges have gradually stopped accepting deposits of the Ethereum ERC20 DORA token. Centralized exchanges will begin to gradually support the Dora Vota mainnet and will open deposits and withdrawals after completing mainnet support.

Fuse recently announced on X the launch of Fuse Pay, a virtual Visa card allowing users to spend stablecoins directly from their Fuse wallets for everyday and real-world purchases. Fuse Pay is set to launch in the United States later this year, with support for other countries and regions to be added in the future (no timeline provided yet).

## Gate.io and Airdrop2049 Launch Joint Mining Event **PANews reported on September 22 that Gate.io, in collaboration with the Airdrop2049 project, launched a joint AIRDROP mining event on September 15, 2024. The event attracted over 1.13 million participants.** **The event distributed a total of 150 million AIRDROP tokens as rewards, along with an additional 10,000 USDT in ranking prizes.** **Gate.io listed Airdrop2049 (AIRDROP) for spot trading on September 20, 2024 at 4:00 PM (UTC+8). Within 24 hours, the trading volume surpassed 505 million AIRDROP tokens.** **Simultaneously, Gate.io Startup launched a new coin mining event for Airdrop2049. From September 20 to September 30, users can stake their AIRDROP tokens in the Startup mining pool to earn AIRDROP tokens as rewards. The total reward amount is 5,666,667 AIRDROP tokens.**

On September 22nd, Travala, a crypto-friendly travel booking platform, integrated with Solana, expanding to its third network in addition to Ethereum and BNB Chain. Travala CEO Juan Otero announced the news during a panel discussion at the Solana Breakpoint conference in Singapore on Saturday. This integration will allow users to book flights, hotels, and accommodations using Solana-based assets, including SOL, USDT, and USDC. Users can also earn up to 10% of their booking value in SOL travel rewards through their loyalty program, which previously supported BTC and Travala’s native token AVA for reward payments.

According to Golden Finance, Whale Alert has monitored a transfer of 30,000,000 XRP (worth $17,938,613) from Upbit to an unknown wallet at approximately 1:18 PM Beijing time today.

According to Whale Alert, 30 million XRP (USD 17,938,613) were transferred from Upbit to an unknown wallet at 1:18:30 PM Beijing time.

"As reported by Jinse Finance, Mike Alfred, founder of Eaglebrook Advisors, posted on X: 'Bitcoin maximalists will absolutely scoff at this: Ethereum could go from $2,500 to $10,000 this cycle. But that's how liquidity cycles work. You can try to fight it, you can argue against it, you can whine and complain. But it doesn't matter. Everything is going up.'"

According to Golden Finance, Leon Waidmann, Head of Research at the Onchain Foundation, tweeted that based on Glassnode data, over 40% of the ETH supply remains locked in smart contracts. However, this upward trend has recently declined slightly.

On September 22, Kamala Harris, the US Vice President and Democratic presidential candidate, "invited" former US President and Republican presidential candidate Donald Trump to participate in a second televised debate. Trump declined, stating that the timing of the debate was "too late." Harris issued the challenge to Trump on social media platforms: "I would be happy to participate in a second presidential debate on October 23. I hope Trump will join me." Trump declined the "invitation" while campaigning in Wilmington, North Carolina on September 21, responding, "The problem with another debate is that it’s too late. The voting has begun." (Gold Ten)

According to Golden Finance, Whale Alert has monitored a transfer of 1984 Bitcoin from Binance US to an address starting with 1pChUJ, worth approximately $124,838,777, approximately two hours ago.

Golden Finance reports that according to MATR1X FIRE's official X post, as of now, a total of 5,453,569 FIRE tokens have been burned. The current price of FIRE is $1.78, resulting in a total burn value of $9.7 million. Based on MATR1X FIRE's previously announced "Infinite Game Plan," the platform plans to reduce the total supply of FIRE to 500 million through continuous burning.

On September 22, according to EmberCN's monitoring, BitMEX co-founder Arthur Hayes, after selling 1.595 million PENDLE (approximately $5.61 million) over the past two days, continued to invest in ATH. He received 8.48 million ATH (approximately $510,000) from the market maker/over-the-counter platform Flowdesk just an hour and a half ago. * Since August 15, Arthur Hayes has withdrawn a total of 54.26 million ATH (approximately $3.61 million) from OKX, Bybit and Flowdesk, at an average price of $0.066. * Arthur Hayes' fund is paying attention to Maelstrom, who is itself an investor in Aethir (ATH), and it's possible these purchases have a "marketing" purpose. * After Arthur Hayes sold PENDLE, PENDLE has risen by 23%.

PANews reported on September 22 that Binance US transferred 1,984 Bitcoin, worth approximately $124,838,777, to an address beginning with 1pChUJ, according to Whale Alert. This transfer occurred approximately two hours ago.

On September 22, MATR1X FIRE officially announced on its Twitter account that it had burned a total of 5,453,569 FIRE tokens. With FIRE currently trading at $1.78, the total value of tokens burned is $9.7 million. The tweet also revealed that the game's internal consumption of FIRE will continue to fuel the burning process, further driving FIRE's deflationary nature. According to MATR1X FIRE's previously announced "Infinite Game Plan," the platform plans to reduce the total supply of FIRE to 500 million through continuous burning. Additionally, MATR1X FIRE officially launched its "Genesis Spark" play-to-earn test on September 21st. Current Genesis character players can participate in the game's mining activities. The game is available for download on Google Play and Apple Store.

Solana Breakpoint 2025, a major conference, is scheduled to take place in Abu Dhabi from December 11th to 13th next year. (DEGEN NEWS)

## Arthur Hayes Continues ATH Investment After Selling PENDLE **PANews, September 22** - According to on-chain analyst Ember, BitMEX founder Arthur Hayes, after selling 1.595 million PENDLE (worth $5.61 million) over the past two days, continued his investment in ATH. Just an hour and a half ago, he received 8.48 million ATH (worth $510,000) from Flowdesk, a market-making and over-the-counter platform. * Since August 15th, Arthur Hayes has withdrawn a total of 54.26 million ATH (worth $3.61 million) from OKX, Bybit, and Flowdesk, at an average price of $0.066. * Arthur Hayes' fund, Maelstrom, is already an investor in Aethir (ATH). It's possible these purchases could be for "marketing" purposes. * Arthur Hayes' foray into altcoins might have a "reverse indication" attribute: PENDLE surged 23% immediately after he sold his holdings.

## MetaDAO to Launch Decision Market at Solana Breakpoint Gold Finance reports that MetaDAO, a Solana ecosystem governance experiment project, announced at the Solana Breakpoint conference in Singapore that it will soon launch a decision market for "any metric and decision." In August, MetaDAO announced it had raised $2.2 million in funding led by Paradigm. The project is said to be similar to the prediction market Polymarket.

## Aleph Zero Proposes Vote on Maximum AZERO Supply Foresight News reports that the Aleph Zero community has initiated a proposal regarding the "determination of the maximum AZERO supply," and voting has begun, concluding on September 23rd. Currently, the AZERO supply sits at approximately 372 million. The proposal outlines voting options, including: * 380 million * 400 million * 430 million * 470 million * 520 million * 580 million * 650 million * 730 million * 820 million * 920 million The winning option will be determined by the weighted median of all votes, ensuring a fair outcome.

Vice President Kamala Harris, the Democratic presidential nominee, "invited" former President Donald Trump, the Republican presidential nominee, to another televised debate on September 21st via social media. Trump declined, stating the debate was "too late." Harris challenged Trump on the social media platform X: "I will be happy to participate in a second presidential debate on October 23rd. I hope Trump will join me." Trump rejected the "invitation" during a campaign rally in Wilmington, North Carolina, responding, "The problem with having another debate is it's too late, the voting has already begun."

Solana's governance experiment project MetaDAO announced at the Solana Breakpoint conference in Singapore that its decision market, which targets “any metric and decision,” is about to launch. (DEGEN NEWS) Earlier in August, MetaDAO announced it had secured $2.2 million in funding led by Paradigm. The project is reportedly similar to the prediction market Polymarket.

According to Mars Finance, HODL15Capital reported that US Bitcoin spot ETFs held a record high of 913,825 BTC as of September 20th, with an AUM of approximately $577.5 billion.

On September 21, Vice President Kamala Harris, the Democratic presidential nominee, "challenged" former President Donald Trump, the Republican presidential nominee, to another televised debate on social media. Trump declined the invitation, saying it was "too late" for the debate to take place. Harris issued her challenge to Trump on X (formerly Twitter): "I would be happy to participate in a second presidential debate on October 23rd. I hope Trump will join me." Trump rejected the "invitation" on September 21 while speaking at a campaign rally in Wilmington, North Carolina. He responded: "The problem with having another debate is it's too late. The voting has already started." (Jin10)

According to Golden Finance, on-chain analyst Ember Monitor revealed that BitMEX founder Arthur Hayes, after selling 1.59 million PENDLE tokens (worth $5.61 million) over the past two days, has continued to invest in ATH. Just an hour and a half ago, he received 8.48 million ATH tokens (worth $510,000) from the market-making/OTC platform Flowdesk. Since August 15th, Arthur Hayes has withdrawn a total of 54.26 million ATH tokens (worth $3.61 million) from OKX, Bybit, and Flowdesk, averaging $0.066 per token. His fund, Maelstrom, is itself an investor in Aethir (ATH). It's possible these purchases are intended for "marketing" purposes. Arthur Hayes's investments in altcoins seem to have a "counter-indicator" effect: PENDLE surged by 23% immediately after his sale.

According to Golden Finance, HODL15Capital reports that as of September 20th, US spot Bitcoin ETFs collectively hold 913,825 BTC, a new all-time high, with an AUM of approximately $577.5 billion.

## Travala Integrates Solana, Expanding to Third Network for Crypto-Friendly Travel Bookings **Foresight News** reports that Travala, the crypto-friendly travel booking platform, has integrated Solana, expanding to its third network after Ethereum and BNB Chain. This integration will enable users to book flights, hotels, and accommodations using Solana-based assets, including SOL, USDT, and USDC. Users can also earn up to 10% of their booking value in SOL travel rewards through its loyalty program.

According to Golden Finance, data from Ether\xadscan shows that Ethereum network gas fees have dropped below 6 gwei again. Recently, they had surged to over 60 gwei.

According to data from Etherscan, Ethereum network gas fees have dropped below 6 gwei. Recently, fees had risen to over 60 gwei.

Golden Finance reports that travel booking platform Travala, known for being crypto-friendly, has integrated with Solana, expanding to its third network alongside Ethereum and BNB Chain. Travala CEO Juan Otero announced the news during a panel discussion at the Solana Breakpoint conference in Singapore on Saturday. This integration will enable users to book flights, hotels, and accommodations using Solana-based assets, including SOL, USDT, and USDC. Users can also earn up to 10% of their booking value in SOL travel rewards through their loyalty program, which previously supported BTC and Travala's native token AVA for reward payments.

## 7:00-12:00 Keywords: USDT, Base, Bitwise 1. **USDT is currently experiencing a negative premium rate of 1.81%.** 2. **Exchange BTC reserves have decreased by nearly 100,000 coins in the past two months.** 3. **Base has resumed full operation after experiencing network performance decline.** 4. **Binance Bitcoin wallet balance has increased by over 2,600 BTC in the past 7 days.** 5. **Vitalik Buterin: Reducing L1 slot time is worth discussing, but caution is needed.** 6. **Bitwise: Ethereum is the Microsoft of the blockchain space, and the market may reverse by the end of the year.** 7. **USDC circulation has increased by approximately $200 million in the past week, with the total circulation reaching $35.5 billion.** 8. **A whale has bought $1.4 billion worth of BTC so far in September, holding 23,732.82 BTC as of September 20.**

## Hamster Kombat Completes Season 1 Snapshot for Token Distribution According to News.bitcoin, Hamster Kombat announced on X that they have completed the Season 1 snapshot, which will serve as the basis for token distribution. The Token Generation Event (TGE) is scheduled for September 26th. All pre-airdrop activities are considered as Season 1 by Hamster Kombat. The team revealed on social media that a new phase called "Interlude" has begun. "Interlude Season is a warm-up before Season 2 and will last for a few weeks." While the official details are scarce, the team mentioned that users participating in Interlude Season will gain advantages and "come in handy" during Season 2. Previously, Hamster Kombat announced on X the launch of their anti-cheat detection system. Some cheaters will unlock the achievement "Cheating is bad" as early as today, serving as a reminder to those involved in cheating activities. Hamster Kombat expressed their desire to protect players and community members who have worked hard in the game, providing them with a fair chance to obtain their airdrop share.

According to ChainCatcher, HODL15Capital has observed an outflow of Bitcoin (BTC) from exchanges. Over the past 60 days, the BTC reserves held by exchanges have decreased by nearly 100,000 (98,832) coins. As of this writing, the BTC reserves held by exchanges stand at 2,345,211.

Vice President Kamala Harris' campaign slammed President Donald Trump's criticism of the Federal Reserve's first interest rate cut in four years, focusing on economic issues ahead of the November presidential election. Trump, after the Fed lowered rates by 50 basis points on Sept. 19, called it a “political act” and said a 25 basis point cut was more appropriate. He has previously suggested that the independent central bank should be somewhat controlled by the executive branch. A campaign memo showed that Brian Nelson, Harris' senior policy advisor, called Trump's response “reckless.” Trump, without evidence, alleged that the Fed's decision was politically motivated to “try to keep somebody in office,” though he didn't say he favored higher rates in an interview on Newsmax. The White House called the rate cut “welcome news.” Harris' campaign message came before Trump was set to speak in North Carolina on Saturday where he was expected to talk about economic issues that negatively affect Harris, including the highest inflation in the U.S. in 40 years under President Biden, and polls that have consistently shown support for Trump's handling of the economy. Conversely, Nelson argued that Trump “as president would be an economic disaster,” pointing to predictions that higher tariffs and continued tax cuts for the wealthy could have inflationary effects. (Bloomberg)

According to Golden Finance, HODL15Capital has observed that Bitcoin (BTC) is flowing out of exchanges. Over the past 60 days, exchange BTC reserves have decreased by nearly 100,000 coins (98,832). As of press time, exchange BTC reserves stand at 2,345,211.

## Hamster Kombat Completes Season 1 Snapshot, TGE on September 26th PANews reported on September 22nd that Hamster Kombat announced on X that it has completed the Season 1 snapshot. This snapshot will serve as the basis for token distribution and the TGE (Token Generation Event) is scheduled for September 26th. According to the announcement, Hamster Kombat designates all pre-airdrop activities as Season 1. The team revealed on social media that a new stage called "Interlude" has begun. "Interlude Season is a warm-up before Season 2 and will last for several weeks." While no further details were disclosed, the team mentioned that users participating in Interlude Season will gain advantages and be "useful" in Season 2. (Bitcoin.com) In a previous announcement, Hamster Kombat shared on X that it has launched an anti-cheat detection system. Some cheaters will be awarded the "Cheating is bad" achievement starting today as a reminder of the consequences of cheating. Hamster Kombat expressed its desire to protect players and community members who "grind" the game honestly and ensure a fair airdrop distribution for them.

ChainCatcher reported that SolanaFloor shared on X that Hivemapper, a decentralized map network in the Solana ecosystem, announced at the Solana Breakpoint 2024 conference that it is selling data to three of the world's top ten map makers. In April 2022, Hivemapper announced the completion of an $18 million funding round led by Multicoin Capital with participation from Solana founders, former Apple Maps executives, and the CEO of Helium.

## English Translation: Golden Finance reported that SolanaFloor shared information on X, stating that Hivemapper, a decentralized mapping network in the Solana ecosystem, announced at Solana Breakpoint 2024 that it is selling data to three of the world's top ten map makers. In April 2022, Hivemapper announced the completion of an $18 million funding round led by Multicoin Capital, with participation from Solana's founder, former Apple Maps executives, and the CEO of Helium.

According to HODL15Capital monitoring, BTC is flowing out of exchanges. In the past 60 days, BTC reserves on exchanges have decreased by nearly 100,000 (98,832), reaching 2,345,211 as of press time.

PANews reported on September 22nd that, according to the Hong Kong Commercial Daily, Liang Junjian, Deputy Director of the Cultural and Creative Finance Research Center at Tsinghua University's PBC School of Finance, released the "Cultural Industry Investment and Financing Research Report" at the 2024 Beijing Cultural Forum Cultural Industry Investment Summit. He introduced that several notable features of the cultural finance market can be observed from statistical data. First, the cultural industry bond market continues to play a role. Second, listed companies are using the M&A market to improve quality and increase volume. Third, in the private equity market, financial resources continue to flow towards emerging sectors such as artificial intelligence, virtual reality, the metaverse, and digital assets.

"Golden Finance reports that Liang Junjian, deputy director of the Cultural and Creative Finance Research Center at Tsinghua University's PBC School of Finance, released the 'Cultural Industry Investment and Financing Research Report' at the 2024 Beijing Culture Forum Cultural Industry Investor Conference. He noted that several notable features can be observed in the cultural finance market based on statistical data: firstly, the cultural industry bond market continues to play its role, secondly, listed companies are utilizing the M&A market to enhance quality and increase volume, and thirdly, in the private equity market, financial resources are continuously flowing towards emerging sectors such as artificial intelligence, virtual reality, the metaverse, and digital assets."

PANews reported on September 22nd that Elon Musk, CEO of social media platform X (formerly Twitter), has finally "surrendered" after three weeks of defying a Brazilian Supreme Court order, according to The New York Times. On September 20th, in a court document, the company's lawyers stated that X has complied with the Brazilian Supreme Court's order, hoping that the court will lift the ban on X in Brazil. The New York Times reports that the Brazilian Supreme Court could lift the ban on X as early as next week.

PANews reported on September 22 that according to on-chain analyst @ai_9684xtpa, a "ancient whale" deposited 491 ETH into OKX eight hours ago. Over the past week, this whale has sold a total of 2393 ETH (approximately $5.85 million). Since July 8, the whale has sold a total of 52794 ETH (approximately $164 million), with an average deposit price of $3112.

PANews reported on September 22nd that a dormant Bitcoin address holding 50 BTC (worth $3,155,587) was activated after 14.2 years, according to Whale Alert. The address was activated at 5:28:33 AM Beijing time.

## Mars Finance News: September 22nd According to ai_9684xtpa monitoring, a "ancient whale" holding 1 million ETH from the 2015 ICO has deposited 491 ETH into OKX just 8 hours ago. Over the past week, this whale has sold a total of 2,393 ETH (approximately $5.85 million). This address has sold a cumulative total of 52,794 ETH (approximately $164 million) since July 8th, with an average entry price of $3,112.

According to information shared by SolanaFloor on the X platform, Solana ecosystem project Streamflow is planning to launch its token in October. They also plan to launch a decentralized version of the platform, dubbed V2, in the coming weeks.

ChainCatcher reports that the US Commodity Futures Trading Commission (CFTC) has fined New York resident William Koo Ichioka $36 million for allegedly defrauding cryptocurrency investors with promises of high returns and using the funds for personal expenses. According to a September 20 statement, the CFTC ordered Ichioka to “pay restitution of $31 million to victims” and an additional $5 million civil penalty for running a fraudulent forex and cryptocurrency scheme. The CFTC said Ichioka launched the scheme in 2018, taking in funds from investors and falsely promising a “10% return every 30 business days.” It further claimed that while Ichioka did invest “some of the funds” in foreign currencies and cryptocurrencies as he had promised investors, he “commingled” investors’ money with his own and used it for his own personal expenses, including “rent for his personal residence, jewelry including watches, and luxury vehicles.” This decision comes more than a year after a court issued a “preliminary consent order” in August 2023 permanently barring Ichioka from "trading in any CFTC-regulated market, as well as barring him from registering with the CFTC."

According to Golden Finance, Whale Alert has monitored that at around 5:28 AM Beijing time today, an address holding 50 BTC ($3,155,587) was activated after being dormant for 14.2 years.

## Bank of America Strategist Hartnett Sees "Panic Rate Cuts" Driving Market Rally Bank of America's renowned strategist, Hartnett, has pointed out that the current market response to the Federal Reserve's potential 50 basis point rate cut seems to be following a script of either "soft rate cuts" or "panic rate cuts." Both the stock and credit markets are digesting expectations of the Fed cutting rates by 250 basis points by the end of 2025, alongside a projected 18% growth in earnings for S&P 500 constituents. Despite this, Hartnett believes "risks are not any better," and thus investors are compelled to chase gains, leading to a resurgence of "bubble risk." Explaining the reason behind this frenzied rally, Hartnett's latest report suggests that Wall Street favors "panic rate cuts" when there's no panic (at least not yet). Furthermore, the Fed is keen on a 50 basis point rate cut to lower real interest rates from their highest levels this century, which would prevent job cuts in the already struggling small business sector.

Goldman Sachs reports that prominent strategist Hartnett has pointed out that the current market reaction to the Federal Reserve's 50 basis point rate cut seems to be following the script of a "soft landing" or "panic rate cut". The US stock and credit markets are digesting the expectation of the Fed cutting rates by 250 basis points by the end of 2025, as well as an 18% increase in earnings for S&P 500 constituents. "Risk hasn't gotten any better, so investors are forced to chase" gains, "bubble risk" is returning. Hartnett explained the reason for this euphoric rise in his latest report by saying that when there is no panic (at least not yet), Wall Street loves "panic rate cuts". Meanwhile, the Fed wants to cut rates by 50 basis points so that real interest rates can fall from their highest level this century, preventing layoffs in the already recession-stricken small business sector.

Market data shows that the current USD/CNY exchange rate is 7.05, while the USDT off-exchange price is currently 6.93 yuan, resulting in a negative premium rate of 1.7%.

On September 22nd, according to ai_9684xtpa monitoring, the "ancient whale" who received 1 million ETH in the 2015 ICO deposited another 491 ETH into OKX 8 hours ago. Over the past week, they have sold a total of 2393 ETH (approximately $5.85 million). This address has sold a total of 52,794 ETH (approximately $164 million) since July 8th, with an average deposit price of $3112.

According to Golden Finance, Lin Chen, Deribit's Asia Pacific Business Head, posted on X that ETH ETF liquidity remained weak this week, with a total net outflow of $26.2 million (selling 11,461.21 ETH). ETHE was the main driver of the selling this week. Aside from Grayscale's Mini ETF and BlackRock's three increases, the holdings of other ETFs remained unchanged. However, the current negative news has largely been digested, and market sentiment has been boosted (the fear index has risen to 52), causing ETH prices to rebound and break through $2,600.

Bank of America's prominent strategist, Hartnett, points out that the current market reaction to a 50 basis point Fed rate cut appears to be following a "soft landing" or "panic cut" script. The US stock and credit markets are digesting expectations of a 250 basis point Fed rate cut by the end of 2025, coupled with an 18% earnings growth for S&P 500 index constituents. "Risks are not getting any better, so investors are forced to chase" gains, and "bubble risk" is making a comeback. In his latest report, Hartnett explains that the reason for this frenzied rally is that when there is no panic (at least not yet), Wall Street prefers "panic rate cuts." Meanwhile, the Fed hopes to cut rates by 50 basis points so that real interest rates can fall from their highest levels this century, preventing job cuts in the already recessionary small business sector. (Jin Shi)

## Tari Universe: A New Mining App from Former Monero Developer Riccardo "Fluffypony" Spagni, the former lead maintainer of the privacy-focused blockchain Monero, has launched a new mining app called Tari Universe. This app aims to "democratize" cryptocurrency mining by using an ASIC-resistant hashing algorithm, allowing users to mine using ordinary computers. Following the app's recent release, Spagni stated that his goal is to make mining more accessible to everyone. "We want to create an experience where the technology gradually fades into the background," he said. "Tari Universe is about user empowerment, not suppressing them." Spagni is promoting this L1 protocol despite facing fraud and forgery charges from his former employer, Cape Cookies. In June, a report by Mybroadband alleged that Spagni defrauded Cape Cookies of approximately $83,400 between October 1, 2009, and June 8, 2011. However, South African authorities didn't take action until August 2021, when they requested the US authorities to apprehend him. Since his arrest and subsequent extradition to South African authorities, Spagni has maintained his innocence and attempted to have the arrest warrant revoked. However, South Africa's highest court of appeal denied this request.

Gold Finance reported that Lin Chen, Deribit's Asia Pacific Business Head, posted on X that this week, BTC ETF continued the trend of net inflows on all days except Wednesday, which saw a net outflow. The overall situation is similar to last week, but the overall buying power has strengthened. The total net inflow for the week reached $397.1 million (increasing by 6,578.89 BTC). BlackRock only saw net inflows of 267.34 BTC on Monday during the past ten days, while remaining at 0 change for the rest of the time. Fidelity has maintained a consistent net inflow recently.

## Deribit's Lin Chen on ETH ETF Liquidity: Lin Chen, Deribit's Asia Pacific Business Head, shared on X that ETH ETF liquidity remained weak this week. The total net outflow reached $26.2 million (with a reduction of 11,461.21 ETH). ETHE continued to be the main selling force this week. While Grayscale's Mini ETF and BlackRock saw three increases in holdings, the rest of the ETF holdings remained unchanged. However, the negative news has largely been absorbed, boosting market sentiment (the Fear and Greed Index rebounded to 52) and driving ETH prices to bounce back above $2,600.

## Deribit's Asia Pacific Business Head Reports Continued BTC ETF Inflows Lin Chen, Deribit's Asia Pacific Business Head, posted on X (formerly Twitter) that BTC ETF flows this week continued the trend seen last week, with net inflows on all days except Wednesday. Overall, the situation is similar to last week, but buying power has strengthened. The total net inflow for the week was $397.1 million, representing an increase of 6,578.89 BTC. BlackRock (贝莱德) has only seen net inflows of 267.34 BTC on Monday over the past ten days, with no changes in their holdings on other days. Fidelity, however, continues to see consistent net inflows.

According to Golden Finance, on-chain analyst @ai_9684xtpa has observed that an "ancient whale" who received 1 million ETH in 2015 has just deposited 491 ETH to OKX. This happened 8 hours ago. In the past week, this whale has sold a total of 2,393 ETH (approximately $5.85 million). Since July 8th, they have sold a total of 52,794 ETH (approximately $164 million) with an average deposit price of $3,112.

Riccardo "Fluffypony" Spagni, the former chief maintainer of the privacy-focused blockchain Monero, has launched a new mining application called Tari Universe. The application aims to "democratize" cryptocurrency mining by utilizing an ASIC-resistant hash algorithm, enabling users to mine with ordinary computers. Following the recent release, Spagni stated that his goal is to make mining more accessible to everyone. "We want to create an experience where the technology gradually fades into the background. Tari Universe is about empowering users, not suppressing them," he said. Spagni is promoting the L1 protocol despite facing fraud and forgery accusations from his former employer, Cape Cookies. In June, a report from Mybroadband alleged that Spagni defrauded Cape Cookies of approximately $83,400 between October 1, 2009, and June 8, 2011. However, South African authorities did not take action until August 2021, when they requested the US authorities to arrest him. Since his arrest and subsequent extradition to South African authorities, Spagni has maintained his innocence and attempted to have the arrest warrant withdrawn. However, the South African Supreme Court of Appeal rejected this request.

According to on-chain analyst @ai_9684xtpa, an "ancient whale" who participated in the IC0 and acquired 1 million ETH in 2015, deposited 491 ETH into OKX 8 hours ago. Over the past week, they have sold a total of 2393 ETH (approximately $5.85 million). Since July 8th, they have sold a total of 52794 ETH (approximately $164 million), with an average deposit price of $3112.

Foresight News reported that according to exchange data, the USDT off-exchange price (buying 1) has dropped to 6.92 yuan. The current USD to CNY exchange rate is 7.04 yuan, resulting in a USDT negative premium rate of 1.73%.

According to Golden Finance, the USD/CNY exchange rate is currently 7.048. The USDT price in the OTC market is currently reported at 6.920, resulting in a negative premium rate of 1.81%.

## Mars Finance News: New Projects Launched on BNB Chain in September According to official sources, new projects launched on BNB Chain in September include: **DeFi:** Contango, ReHold, RNDM, SOFA **Gaming:** DogeGoal AI, Tashi Protocol **AI:** Memehub.AI **Infrastructure:** Reclaim Protocol, Webacy **DeSoc:** SELF Crypto

## Hamster Kombat Completes Season 1 Snapshot, TGE on September 26th Golden Finance reports that Hamster Kombat announced on X that they have completed the Season 1 snapshot, which will serve as the basis for token distribution. The Token Generation Event (TGE) is scheduled for September 26th. Hamster Kombat considers all pre-airdrop activities as Season 1. The team revealed on social media that a new phase called "Interlude" has begun, "The Interlude Season is a warm-up to Season 2, and will last for several weeks." While no further details were provided, the team indicated that users participating in Interlude Season will gain advantages and will "come in handy" during Season 2. Previously, Hamster Kombat announced on X that they have implemented anti-cheat detection. Some cheaters will unlock the "Cheating is Bad" achievement starting today, serving as a strong reminder against cheating. Hamster Kombat expressed their desire to protect players and community members who have been diligently playing the game, ensuring they have a fair chance to receive their airdrop share.

Hamster Kombat announced on X yesterday that it has completed its Season 1 snapshot, which will serve as the basis for token distribution and will be used for its TGE on September 26th. Hamster Kombat designates all pre-airdrop activities as Season 1. The team revealed on social media that a new phase, called Interlude, has begun. "Interlude Season is a warm-up before Season 2 and will last for several weeks." While no further details were disclosed officially, the team stated that users participating in Interlude Season will gain advantages and will be "useful" in Season 2. (Bitcoin.com) Previously, Hamster Kombat announced on X that it has introduced anti-cheat detection. Some cheaters will unlock the "Cheating is Bad" achievement as early as today, serving as an important reminder against cheating. Hamster Kombat stated that it hopes to protect players and community members who work hard at the game and give them a fair chance to receive their airdrop share.

Gold News reported that economist and gold advocate Peter Schiff has repeatedly emphasized the rise in gold prices on X this week, discussing the economic factors affecting gold and related stocks. He stated on Friday: "Gold is having one of its best years ever, up over 26% and poised to surpass the 32% gain in 2007." Gold prices surged following the Federal Reserve's 50 basis point rate cut on Wednesday, the first in over four years. He also stated that gold "is on track for its best year since 1979, when it rose 126%." Schiff also pointed out that despite the strong performance of gold, many traders are quick to sell gold mining stocks on any slight pullback, "If gold rises $40 and gold mining stocks rise 2%, then gold falling $5 causes the mining stocks to lose half their gains." He added, "Gold is up over $540 in 2024 so far, the largest dollar gain ever. It's not a coincidence that this is happening in a year of surging national debt and the Fed cutting already low rates – even though inflation is well above the 2% target and trending higher."

According to Coinglass data reported by Golden Finance, the notional value of open interest for BTC options across all exchanges today is $227.37 billion, while the notional value of open interest for ETH options is $63.87 billion. Additionally, data shows that the open interest for ETH futures contracts across all exchanges is 4.6815 million ETH, equivalent to $121.98 billion, representing a 3.42% increase in the last 24 hours. Among them, Binance's ETH contract open interest ranks first at 1.3856 million ETH (equivalent to $36.07 billion), with a 24-hour increase of 3.25%.

## Gold's Strong Performance and its Impact on Mining Stocks: Peter Schiff's Insights Economist and gold advocate Peter Schiff has repeatedly highlighted gold's price gains on X this week, discussing economic factors influencing both the precious metal and related equities. He stated on Friday, “Gold is on track for one of its best years ever, rising over 26% and poised to surpass its 2007 gain of 32%.” The precious metal surged after the Federal Reserve cut interest rates by 50 basis points on Wednesday, marking the first cut in over four years. He further remarked, “Gold is set to have its best year since 1979 when it rose 126%.” Despite gold's strong performance, Schiff pointed out that many traders quickly sell off gold mining stocks on any slight pullback. "If gold goes up $40 and gold miners go up 2%, then gold drops $5, and miners lose half their gains,” he added. “To date, gold is up over $540 in 2024, the biggest dollar advance ever. The fact that this is happening in a year when national debt is surging and the Fed is cutting rates that are already very low - despite inflation well above the 2% target and trending higher - is not a coincidence." (Bitcoin.com)

## PANews Reports: Bitcoin and Ethereum Prices Dip **September 22nd:** OKX data reveals Bitcoin (BTC) has fallen below 63,000 USDT, with a 24-hour gain narrowing to 0.2%. Ethereum (ETH) has also dropped below 2,600 USDT, showing a reduced 24-hour gain of 2.32%.

## English Translation: **Golden Finance reports that the price of APT has broken through $8, currently trading at $8.01. This represents a 10.18% increase over the past 24 hours. Market volatility is significant, please exercise caution and manage your risks.**

According to Foresight News, a whale has increased its BTC holdings by $1.4 billion this month, as monitored by HODL15Capital. This BTC was acquired from multiple exchanges. The whale's BTC holdings increased from 2,625.22 BTC on September 6th to 23,732.82 BTC on September 20th.

According to Golden Finance, the price of Bitcoin has fallen below $63,000, currently trading at $62,999.9. The 24-hour gain has narrowed to 0.22%, and the market is experiencing significant volatility. Please be aware of the risks and manage your investments accordingly.

Coinglass data shows that the total open interest for ETH futures contracts across all exchanges is 4.6815 million ETH, equivalent to $12.198 billion, with a 24-hour increase of 3.42%. Binance ETH futures contracts have the highest open interest at 1.3856 million ETH (approximately $3.607 billion), ranking first with a 24-hour increase of 3.25%.

## Ethereum's Slump May Reverse as Year Ends: Bitwise Bitwise, in a Tuesday report, suggests that Ethereum, the second-largest cryptocurrency, may be currently overlooked but could experience a turnaround as the year draws to a close. Ethereum has seen minimal gains this year, unlike Bitcoin (up 38%) and Solana (up 31%). The report attributes this underperformance to risks associated with the November US presidential election, intensified competition from Solana and other blockchains, challenges in its tokenomics, and mixed reactions to the potential launch of a US spot exchange-traded fund (ETF). Matt Hougan, Bitwise's Chief Investment Officer, wrote: "Ethereum has the most active developers, the most active users, and a market cap that is five times larger than its closest competitor." He compared it to Microsoft (MSFT) in the blockchain realm, stating: "Everyone wants to talk about the newer companies and their game-changing technology, like Google (GOOG), Slack (WORK), and Zoom (ZM), but Microsoft is still bigger than all of them combined."

According to a report from Jinse Finance, HODL15Capital has monitored a whale that has accumulated $1.4 billion worth of BTC this month so far. These BTC come from multiple exchanges. Based on data shared by HODL15Capital, the whale's BTC holdings increased from 2625.22 to 23732.82 between September 6th and September 20th.

Golden Finance reports that AAVE has broken through $160, currently trading at $160.03, with a 24-hour surge of 5.65%. The market is experiencing significant volatility, so please take necessary steps to manage your risks.

The developer of popular party game "Cards Against Humanity" is accusing Elon Musk's SpaceX of trespassing and damaging a piece of land the company owns in Texas. In a lawsuit filed this week in state court, the Cards Against Humanity organization claims that SpaceX has essentially been treating the company's property in Cameron County as its own for at least the past six months. The lawsuit alleges that SpaceX, which has acquired other parcels of land near the property, has been placing building materials like gravel and other debris on the land without permission. SpaceX did not immediately respond to a request for comment. The Cards Against Humanity organization purchased the land in 2017, which it said was one of its stunts in opposition to former President Donald Trump's border wall construction, with 150,000 people donating $15 each to the effort. Cards Against Humanity said the land has remained untouched for years. The company also said it has a “no trespassing” sign to warn people against stepping onto the private property. The company is seeking $15 million in damages, including the loss of vegetation on the land.

According to Golden Finance, Polymarket data shows that the current probability of Donald Trump winning the 2024 US presidential election is 48%, while the probability of Kamala Harris winning is 51%. The gap between the two has narrowed.

According to Foresight News, USDT's total market capitalization has surpassed $119 billion, reaching $1191.3 billion, setting a new all-time high, as per data from Coingecko.

According to Coingecko data reported by Jinse Finance, FB (Fractal Bitcoin) has dropped over 24% in the past 24 hours, currently trading at $13.01. Market fluctuations are significant, please exercise risk control.

## Golden Finance reported that the ETH/BTC exchange rate has rebounded to 0.04134, with a 24-hour increase of 1.92%. Market fluctuations are significant; please take appropriate risk management measures.

On September 22, according to Coingecko data, FB (Fractal Bitcoin) fell more than 24% in 24 hours, currently trading at $13.01.

## Ethereum: Unsung Hero or Underdog? According to a report by Bitwise released on Tuesday, Ethereum, the second-largest cryptocurrency, may appear to be overlooked right now. However, the situation could change as the year draws to a close. Ethereum has seen little to no growth this year, while Bitcoin is up 38% and Solana has risen 31%. The report attributes Ethereum's recent underperformance to several factors: risks associated with the November US presidential election, growing competition from Solana and other blockchains, challenges with tokenomics, and mixed reactions to the US potential launch of a spot Bitcoin ETF. "Ethereum has the most active developers, the most active users, and a market cap five times larger than its closest competitor," wrote Matt Hougan, Chief Investment Officer at Bitwise. "It's like Microsoft (MSFT) of the blockchain world." He added, "Everyone wants to talk about the newer companies and their game-changing technology, like Google (GOOG), Slack (WORK), and Zoom (ZM), but Microsoft still dwarfs all of them combined in terms of size."

The developers of the popular party game "Cards Against Humanity" have accused Elon Musk's SpaceX of trespassing and damaging a plot of land the company owns in Texas. In a lawsuit filed this week in state court, Cards Against Humanity alleges that SpaceX has essentially treated the company's property in Cameron County as its own for at least the past six months. The lawsuit claims that SpaceX, which previously acquired other land near the property, has placed construction materials and other debris on the land without permission. SpaceX did not immediately respond to a request for comment. Cards Against Humanity purchased the land in 2017, which the organization says was part of a stunt to oppose former President Donald Trump's construction of a border wall, with 150,000 people each donating $15 to the initiative. Cards Against Humanity says the land has remained in its natural state for years. The company also says it has a "no trespassing" sign warning people about entering private property. The company is seeking $15 million in damages, including the loss of vegetation on the land. (Fortune)

According to Golden Finance, L2BEAT data shows that Ethereum L2 TVL has risen to $36.61 billion, with a 7-day growth rate of 4.39%. The top five TVLs are: * Arbitrum One TVL: $14.17 billion, 7-day growth rate 3.19% * Base TVL: $6.63 billion, 7-day growth rate 4.41% * OP Mainnet TVL: $6.27 billion, 7-day growth rate 6.55% * Blast TVL: $1.56 billion, 7-day growth rate 4.6% * Mantle TVL: $1.26 billion, 7-day growth rate 5.61%

On September 22, Bitwise said in a Tuesday report that the second-largest cryptocurrency Ethereum currently seems neglected, but the situation of Ethereum's poor performance may reverse as the year comes to a close. Ethereum has remained nearly flat so far this year, while Bitcoin has risen 38% and Solana has surged 31%. The report attributes Ethereum's recent underperformance to risks associated with the November US presidential election, intensifying competition from Solana and other blockchains, challenges to its token economics, and mixed reactions to the potential launch of US spot exchange-traded funds (ETFs). "Ethereum has the most active developers, the most active users, and a market cap five times larger than its closest competitor," wrote Matt Hougan, Bitwise's chief investment officer. "It's like Microsoft (MSFT) of the blockchain space," Hougan wrote. "Everyone wants to talk about the newer companies and their game-changing technologies, like Google (GOOG), Slack (WORK), and Zoom (ZM)," but "Microsoft is still larger than all of them combined."

According to Mars Finance, on-chain analyst "Ember" observed a whale who withdrew 96,638.9 ETH from Coinbase at $1,567 in September 2022, and has just sold another 15,000 ETH ($38.37 million). Since withdrawing the ETH from Coinbase at $1,567 in September 2022, the whale started transferring ETH to Kraken in March this year. Over six and a half months, they have moved a total of 70,000 ETH ($214.34 million) to Kraken, with an average price of $3,062, generating a profit of $104.65 million. Currently, they still hold 26,638 ETH ($69.61 million).

In a recent post on Mars Finance, David Hoffman, founder of Bankless, argued that "in a sense, the rollup-centric roadmap is 'done.'" He added that progress has been made with the launch of 4844, DA, and affordable L2s. The primary focus for optimization in the future, he believes, should be on L1. Vitalik Buterin responded to this claim, stating that "I don't think this is a priority issue. The next step for DA is peerdas, and the people working on that are almost entirely disconnected from the people working on SSF or EVM execution improvements. I do think it is premature to declare victory with the 'rollup-centric roadmap is done.' We're only 1.3x peak usage away from blobs being fully saturated (= 21600 blobs/day). We need to launch peerdas and start scaling securely at the same time as improving L1."

## Base Network Resumes Full Operation After Performance Drop Jesse Pollak, the head of the Base protocol, posted on X that the Base network has resumed full operation after experiencing performance issues. The team is monitoring the situation and will share a full review of the incident. Earlier, Pollak had announced on X that on September 21st at 23:38 Beijing time, the Base team noticed a performance decline on its mainnet, including issues with the mainnet (public RPC API, deposits, withdrawals, batch submission, block production). This caused transaction delays. The team was aware of the issue and was working to resolve it.

The latest filings with the Federal Election Commission show that Vice President Kamala Harris raised and spent far more than former President Donald Trump in August, leaving her with more cash on hand at the end of the month for a final push before the November election. The Harris campaign raised over $189 million in August, more than four times the $44 million raised by the Trump campaign. These figures reflect fundraising for the main campaign accounts dedicated to the candidates and do not include contributions to other parts of their political activities. The Harris campaign announced earlier this month that it had raised a total of $361 million in August from joint fundraising with the Democratic National Committee and the fundraising committees. In contrast, the Trump campaign and its joint fundraising committees raised only $130 million. These figures exclude September donations, including the $47 million in cash the Harris campaign raised from nearly 600,000 donors in the 24 hours following the first and only debate between Harris and Trump. The Harris campaign accepted CNN's invitation on Saturday to hold a second debate on October 23, but Trump has so far adamantly refused to participate. (CNBC)

On September 22, according to HTX market data, the ETH/BTC exchange rate rebounded to 0.04134, with a 24-hour increase of 1.92%.

## Ethereum Co-founder Vitalik Buterin on L1 vs. Rollup Prioritization: "It's Premature to Declare Victory" In a recent social media exchange with Bankless founder David Hoffman, Ethereum co-founder Vitalik Buterin addressed the ongoing debate about prioritizing L1 improvements over the "rollup-centric roadmap." Hoffman had suggested that the "rollup-centric roadmap is 'done'" and that future optimization should focus on L1. Buterin disagreed, stating, "I don't think that's a priority issue. The next step for DA is peerdas, and the people working on that are almost completely disjoint from the people working on SSF or EVM execution improvements. I do think it's premature to declare victory on the 'rollup-centric roadmap'." He went on to say, "We are only 1.3x away from hitting full blob utilization (21600 blobs/day). We need to get peerdas launched, and start scaling securely while improving L1." Hoffman countered that increasing L1 block times would also increase block space (blobspace) supply, suggesting a synergistic approach to focus on both L1 and L2 simultaneously. He argued that focusing solely on DA only benefits L2. Buterin explained that while reducing slot times without other changes would indeed increase block space, both gas/blob and bandwidth limitations ultimately restrict both. He emphasized that "bandwidth and latency are two separate issues." He acknowledged that reducing L1 slot times is "worth discussing," but cautioned against potential negative impacts on individual and geographically dispersed stakers.

According to L2BEAT data, the total value locked (TVL) on Ethereum Layer 2s has reached $36.61 billion, representing a 4.39% increase over the past 7 days. The top five TVLs are: * Arbitrum One TVL: $14.17 billion, with a 3.19% increase over the past 7 days. * Base TVL: $6.63 billion, with a 4.41% increase over the past 7 days. * OP Mainnet TVL: $6.27 billion, with a 6.55% increase over the past 7 days. * Blast TVL: $1.56 billion, with a 4.6% increase over the past 7 days. * Mantle TVL: $1.26 billion, with a 5.61% increase over the past 7 days.

According to Polymarket data, the current probability of Donald Trump winning the 2024 US Presidential election is 48%, while the probability of Kamala Harris winning is 51%. The gap between the two has narrowed.

Base protocol head Jesse Pollak announced on X that Base has resumed full operation after experiencing network performance degradation. The team is monitoring the situation and will share a full review. Earlier, Jesse Pollak had posted on X that on September 21st at 23:38 (Beijing time), the Base team discovered a performance decline on its mainnet, including issues with the mainnet (public RPC API, deposits, withdrawals, batch submissions, block generation). This resulted in delayed transactions. The team was aware of the problem and actively working to fix it.

## Coinbase Pro Leads CEX Ethereum Holdings, While Binance Shows Growth According to ChainCatcher, Coinglass data reveals that Coinbase Pro currently holds the top position among centralized exchanges (CEXs) with an Ethereum wallet balance of 4,437,950.18 ETH. However, the exchange has seen a decline in its holdings over the past month. In the past 24 hours, Coinbase Pro's balance decreased by 5,467.86 ETH. Over the past seven days, the balance reduced by 7,934.58 ETH, and over the past 30 days, the balance has decreased by 309,926.93 ETH. Binance, on the other hand, holds 3,596,153.82 ETH in its wallet and has shown positive growth in its holdings over the past month. In the past 24 hours, Binance saw a reduction of 4,157.45 ETH. But over the past seven days, its balance increased by 476.29 ETH, and over the past 30 days, the balance grew by 130,029.96 ETH. Bitfinex currently holds 2,987,239.78 ETH, and its balance has been fluctuating. In the past 24 hours, it saw a decrease of 21,600.50 ETH. However, the balance increased by 37,523.39 ETH over the past seven days and by 222,446.33 ETH over the past 30 days.

On September 22, according to HTX market data, Ethereum broke through $2,600 this morning, currently trading at $2,613.86, with a 24-hour gain of 1.91%.

According to Golden Finance, data shows that Coinbase Pro currently has a Bitcoin wallet balance of 824,061.34 coins, ranking first among CEXs. In the past 24 hours, the balance has increased by 70.72 coins, decreased by 83.14 coins over the past 7 days, and decreased by 14,584.47 coins over the past 30 days. Binance's Bitcoin wallet balance is 559,542.32 coins. In the past 24 hours, the balance has decreased by 712.14 coins, increased by 2,607.67 coins over the past 7 days, and decreased by 54,114.72 coins over the past 30 days. Bitfinex's Bitcoin wallet balance is 402,523.68 coins. In the past 24 hours, the balance has increased by 80.35 coins, decreased by 2,413.18 coins over the past 7 days, and decreased by 692.43 coins over the past 30 days.

## Vitalik Buterin: "It's Too Early to Declare Victory on the Rollup-Centric Roadmap" In response to Bankless founder David Hoffman's suggestion that the "rollup-centric roadmap is complete" and that the future priority should be L1 optimization, Ethereum co-founder Vitalik Buterin stated on X (formerly Twitter), "I don't think this is a priority issue. The next step for DA is peerdas, and the people working on that are almost entirely disconnected from those working on SSF or EVM execution improvements. I do think 'rollup-centric roadmap is complete' is declaring victory too early. We are only 1.3x away from blob full data (= 21600 blobs/day) usage peak. We need to launch peerdas and start scaling securely while simultaneously improving L1." Hoffman continued, "If we increase L1 blocktimes, wouldn't we also increase the supply of blockspace (blobspace)? Focusing on L1 feels synergistic with focusing on both L1 and L2, while focusing on DA only benefits L2." Vitalik clarified, "If we reduce slot times without changing other variables, then yes. But both are ultimately limited by bandwidth constraints, so if we're happy with gas/blob limits today, we'd also be happy with directly higher gas/blob limits. So I generally think bandwidth and latency are two separate problems. I do think reducing L1 slot times is worth discussing, although it needs to be done carefully to avoid 'killing' independent stakers, or even geographically distributed stakers."

## Coinbase Pro Leads CEXs in Bitcoin Holdings, Shows Coinglass Data As of September 22, Coinglass data shows that Coinbase Pro currently holds 824,061.34 BTC, placing it first among centralized exchanges (CEXs). Over the past 24 hours, its Bitcoin wallet balance increased by 70.72 BTC. However, the balance decreased by 83.14 BTC over the past seven days and 14,584.47 BTC over the past 30 days. Binance holds 559,542.32 BTC in its wallet. The exchange saw a decrease of 712.14 BTC in the past 24 hours, but an increase of 2,607.67 BTC over the past seven days. Over the past 30 days, Binance's Bitcoin wallet balance decreased by 54,114.72 BTC. Bitfinex currently holds 402,523.68 BTC. Over the past 24 hours, its Bitcoin wallet balance increased by 80.35 BTC. In contrast, it experienced a decrease of 2,413.18 BTC over the past seven days and 692.43 BTC over the past 30 days. [Image: Binance Bitcoin Wallet Balance Increased by over 2600 BTC in the Past 7 Days](https://static.fwimg.io/img/feed/d2ec98e4105a9e97ab98835ced58836c.jpg)

## Mars Finance News: Crypto Market Dips Slightly, Bitcoin Dominance Remains High **CoinGecko data reveals that the current total crypto market cap stands at $2.3144 trillion, with a 0.5% decline in the past 24 hours. Bitcoin currently holds a 53.9% market dominance, while Ethereum's market share is at 13.6%.** **Coinglass data indicates that $66.918 million worth of liquidations occurred across the entire crypto market in the past 24 hours. Out of this, $26.9989 million were long liquidations, and $39.9191 million were short liquidations.**

Microsoft has signed a 20-year agreement with Constellation Energy Corporation, the owner of the Three Mile Island nuclear power plant, to refurbish the plant's Unit 1 reactor to establish the "Crane Clean Energy Center." This is part of the tech giant's effort to power its artificial intelligence operations with carbon-free energy. As part of the agreement, Constellation Energy will supply Microsoft with 835 megawatts of electricity and invest approximately $1.6 billion to bring the facility online, aiming for a 2028 launch. The deal still requires approval from the Nuclear Regulatory Commission (NRC), state officials, and local authorities before it can resume operations. Located near the Susquehanna River in Pennsylvania, USA, the Three Mile Island nuclear power plant experienced a meltdown on March 28, 1979. The incident was rated as a level 5 on the International Nuclear Event Scale, a seven-level system. The Three Mile Island nuclear leak is the most serious nuclear accident in the United States to date. However, compared to the Chernobyl and Fukushima nuclear accidents, it remained under control.

Golden Finance reported that according to on-chain analyst Ember, a whale who withdrew 96,638.9 ETH from Coinbase at $1,567 in September 2022, has again sold 15,000 ETH (approximately $38.37 million) eight hours ago. This whale address, after withdrawing ETH from Coinbase at $1,567 in September 2022, began transferring ETH to Kraken in March this year. Over the past six and a half months, a total of 70,000 ETH (worth $214 million) has been transferred to Kraken, at an average price of $3,062. This resulted in a profit of $104 million. This whale address currently holds 26,638 ETH (approximately $69.61 million).

Gold Finance reported that the Federal Reserve recently cut interest rates by 50 basis points, the first time since 2020, exceeding market expectations. After the rate cut, the price movements of virtual assets such as Bitcoin and Ethereum have attracted attention. Some analysts believe that historically, the Fed has rarely cut interest rates by 50 basis points except in the face of major economic crises. This suggests that the Fed is taking more aggressive monetary easing measures to address potential downside risks to the US economy. This move reflects the Fed's high level of vigilance about the current economic situation. In a rate-cutting environment, loose monetary conditions are often accompanied by abundant liquidity, providing a relatively favorable space for growth for high-risk assets. Virtual assets, due to their high volatility and strong risk appetite attributes, have become an important choice for investors seeking high returns. However, the public also needs to deeply understand that the price fluctuations of virtual assets are not only determined by the short-term impact of liquidity expansion. While rate cuts can bring in capital inflows, they also signal potential problems in the US economy, especially against the backdrop of weak economic growth and increasing recession risks. Increased market uncertainty could disrupt virtual asset prices. Investors need to be wary of the impact of weakening macroeconomics on market confidence, especially when economic performance falls short of expectations or the Fed's monetary policy is adjusted. For the virtual currency industry, price surges and crashes are almost the norm. Any investor should be aware of the risks associated with such high-risk assets.

According to ChainCatcher, on-chain analyst Ember has monitored a whale who withdrew 96,638.9 ETH from Coinbase at a price of $1,567 in September 2022. This whale just sold 15,000 ETH ($38.37 million) eight hours ago. After withdrawing ETH from Coinbase at $1,567 in September 2022, the whale began transferring ETH to Kraken in March of this year. Over the past six and a half months, they have transferred a total of 70,000 ETH ($214.34 million) to Kraken, at an average price of $3,062. This resulted in a profit of $104.65 million. They currently hold 26,638 ETH ($69.61 million).

According to on-chain analyst Ember, a whale who withdrew 96,638.9 ETH from Coinbase at $1,567 in September 2022, has just sold another 15,000 ETH ($38.37 million). After withdrawing ETH from Coinbase at $1,567 in September 2022, the whale began transferring ETH to Kraken in March this year. Over the past six and a half months, they have transferred a total of 70,000 ETH ($214.34 million) to Kraken, at an average price of $3,062. This has resulted in a profit of $104.65 million. They currently hold 26,638 ETH ($69.61 million).

## PANews reports new September highs for ETH and BTC options open interest PANews reports on September 22nd that, according to Coinglass data, the notional value of ETH options open interest reached a new September high of $63.87 billion today. Meanwhile, the notional value of BTC options open interest stands at $227.37 billion. [Image: A chart showing the notional value of ETH options open interest reaching a new September high of $63.87 billion today, while the notional value of BTC options open interest stands at $227.37 billion.](https://static.fwimg.io/img/feed/7ddb537168ece9b06b0dc6858f00f2cd.jpg)

According to Golden Finance, CoinGecko data shows that the total cryptocurrency market capitalization is currently $2.3144 trillion, with a 24-hour drop of 0.5%. Additionally, BTC's market dominance stands at 53.9%, while ETH's market dominance is 13.6%. Furthermore, Coinglass data reveals that the total liquidation amount across all exchanges in the past 24 hours was $66.918 million, with $26.9989 million in long liquidations and $39.9191 million in short liquidations.

## ChainCatcher News: Crypto Market Update **CoinGecko data reveals a current total cryptocurrency market capitalization of $2.3144 trillion, down 0.5% in the past 24 hours.** Bitcoin currently holds a market dominance of 53.9%, while Ethereum sits at 13.6%. **Coinglass data shows total liquidations across the entire market reaching $66.918 million in the past 24 hours. Of this amount, $26.9989 million represents long positions liquidated, while $39.9191 million reflects short positions liquidated.**

## X Complies with Brazilian Court Orders, but Case Continues **X's lawyers stated in a court filing on Friday that the social media platform has complied with orders to remove accounts allegedly involved in spreading misinformation and to appoint a new legal representative in Brazil, as instructed by the Supreme Court. ** **According to The Times, Brazil's Supreme Court confirmed this in its own documents on Saturday, but noted that X has yet to submit the proper documents to move the case forward, giving the company five days to comply.** **André Zonaro Giacchetta, one of X's new lawyers in Brazil, said the conditions for X's return to Brazil "have been met, but are subject to" the court's evaluation. Elon Musk had previously publicly stated that X would continue to defy court orders, claiming the judge behind the orders was engaged in political censorship and even describing the demands as "the most egregious demands of any country on Earth."** **According to the Associated Press, analysts estimate that around 40 million Brazilians use X at least once a month. X did not immediately respond to requests for comment, and Musk and the social media platform's global government affairs page did not release any comments or statements on Saturday.**

Microsoft has signed a 20-year agreement with Constellation Energy Corporation, the owner of the Three Mile Island nuclear power plant, to rehabilitate the plant's Unit 1 reactor and establish the "Crane Clean Energy Center." This move is part of the tech giant's commitment to powering its artificial intelligence operations with carbon-free energy. As part of the agreement, Constellation Energy will provide Microsoft with 835 megawatts of electricity and invest approximately $1.6 billion to bring the facility online, aiming for a launch in 2028. Before the plant can resume operations, the deal still requires approval from the Nuclear Regulatory Commission (NRC), state officials, and local authorities. The Three Mile Island nuclear power plant, located near the Susquehanna River in Pennsylvania, suffered a partial meltdown on March 28, 1979. The incident was classified as a Level 5 event on the International Nuclear Event Scale, a seven-level system. While the Three Mile Island accident was the most serious nuclear accident in the United States, it remained relatively contained compared to subsequent disasters like the Chernobyl and Fukushima nuclear plant accidents. (Cointelegraph)

## FlokiFi Locker Hits All-Time High, Locking Over $165 Million According to official news from Mars Finance, FlokiFi Locker, the crypto locking protocol under FLOKI, has reached an all-time high in total value locked (TVL) at $165.6 million. FlokiFi Locker is a crypto locking protocol that utilizes FLOKI as its core utility token. It allows users to lock LP tokens, fungible tokens, and NFTs. Each lock on the ETH and BSC chains triggers a FLOKI buyback and burn, enhancing its utility and deflationary impact.

According to Mars Finance, official data shows that Circle issued approximately $2.7 billion USDC and redeemed about $2.5 billion USDC in the past seven days, ending September 19th. This resulted in an increase of about $200 million in the circulating supply. The total USDC in circulation stands at $35.5 billion, with reserves totaling $35.7 billion. This includes approximately $4.6 billion in cash and $31.2 billion held by the Circle Reserve Fund.

According to Golden Finance, data from DefiLlama shows that the total market capitalization of stablecoins currently stands at $1720.85 billion, with a 7-day increase of 0.82%. Additionally, USDT's total market capitalization is $1191.61 billion, accounting for 69.25% of the market share.

## Fed Cuts Rates by 50 Basis Points, Largest Reduction Since 2020 PANews, September 21: According to the Beijing Business Daily, the Federal Reserve has announced a reduction of the federal funds rate target range to 4.75% to 5%, marking a 50-basis-point cut. This is the first rate cut by the Fed since 2020. The move is larger than anticipated by markets. Some analysts believe that historically, unless facing a major economic crisis, the Fed rarely cuts rates by 50 basis points when starting a new easing cycle. This suggests the Fed is employing more aggressive monetary easing measures to address potential downside risks to the US economy. The move reflects the Fed's heightened vigilance towards the current economic situation, particularly with slowing consumption, shrinking manufacturing, and a weakening job market, as they seek to achieve a "soft landing" and avoid a deeper recession. In a rate cut environment, a loose monetary environment usually leads to an abundance of liquidity, which offers a relatively favorable growth space for high-risk assets. Some analysts point out that virtual assets, due to their high volatility and strong risk appetite, are becoming a significant choice for investors seeking higher returns. Especially under the Fed's continued loose policy, investor concerns about the depreciation of fiat currency could further drive increased demand for virtual assets. Generally, the short-term impact of rate cuts on asset prices depends largely on market interpretation. A rate cut could be seen as a warning sign of potential economic problems or a positive expectation of liquidity injection. Fed rate cuts typically lower borrowing costs, releasing more liquidity into the market, which is often seen as a positive, driving up prices of risk assets. However, if markets perceive the cut as overly aggressive or untimely, it may signal deeper structural economic issues such as slowing economic growth, a weakening job market, or rising inflationary pressure. These factors could trigger investor concerns, leading to price volatility or even decline in asset prices.

Golden Finance reported that PancakeSwap posted on X, celebrating its four-year anniversary today. During this time, the platform has achieved a cumulative trading volume of $836 billion and served over 43 million unique addresses. It supports 9 chains and has a TVL of $1.67 billion. Additionally, PancakeSwap v4 is set to launch soon.

According to DefiLlama data, the total market capitalization of stablecoins currently stands at $172.85 billion, with a 7-day increase of 0.82%. Furthermore, USDT has a total market capitalization of $119.61 billion, representing a market share of 69.25%.

According to Golden Finance, official data shows that Circle issued approximately $2.7 billion USDC and redeemed around $2.5 billion USDC over the past 7 days, ending September 19th. This resulted in an increase in the circulating supply of approximately $200 million. The total USDC circulating supply is $35.5 billion, with reserves of $35.7 billion. These reserves include approximately $4.6 billion in cash and around $31.2 billion held by the Circle Reserve Fund.

## Mars Finance News: **OKX charts show BTC briefly broke through $63,500 USDT, currently trading at $63,471.1 USDT, with a 24H gain of 0.57%. ETH broke through $2,600 USDT, currently trading at $2,619.94 USDT, with a 24H gain of 2.5%.**

OKX price data shows that BTC briefly surged past $63,500, currently trading at $63,471.1, with a 24-hour gain of 0.57%. ETH has broken through $2,600, currently trading at $2,619.94, with a 24-hour gain of 2.5%.

Golden Finance reported that the price of Bitcoin has broken through $63,500, currently trading at $63,528, with a 24-hour gain of 0.6%. The market is volatile, please take appropriate risk control measures.

Gold Finance reports that ETH has broken through $2600, currently trading at $2600.4. The 24-hour price increase is 1.85%. The market is volatile, please manage your risk accordingly.

## Headlines: **21:00-7:00 Keywords: CZ, USDT, Visa, Harris** 1. Binance founder CZ confirmed to be released from prison soon. 2. Woman sentenced to 8 years for attempted murder-for-hire with Bitcoin. 3. USDT market cap hits record high at $1191.86 billion. 4. X will comply with Brazilian court order to seek re-operation in Brazil. 5. Visa partners with Singapore's dtcpay to launch Crypto-to-Fiat Card. 6. Harris raised four times as much in donations as Trump in the final election push. 7. WHYPAD issues bounty announcement, promising rewards for helping recover stolen assets. 8. Harris campaign slams Trump's comments on the Federal Reserve ahead of economic speech.

Golden Finance reports that DefiLlama data shows the total value locked (TVL) in Ethereum liquid staking protocols is currently $10.69 billion. The top five protocols by TVL are: - ether.fi TVL is $5.71 billion, with a 7-day increase of 6.72%; - Puffer Finance TVL is $1.365 billion, with a 7-day increase of 6.03%; - Eigenpie TVL is $1.142 billion, with a 7-day increase of 6.53%; - Renzo TVL is $815 million, with a 7-day increase of 4.01%; - Mellow LRT TVL is $707 million, with a 7-day increase of 5.86%.

According to Golden Finance, data from BTC.com shows that the current number of unconfirmed transactions on the Bitcoin network is 142,601. The network hashrate is 626.10 EH/s, and the transaction speed over the past 24 hours is 5.68 transactions per second. The current network difficulty is 92.67T, and the next difficulty is predicted to drop by 4.09% to 88.88T. The adjustment is expected in 4 days and 5 hours.

According to Golden Finance, Dune data shows that the Linea mainnet has bridged in 772,637 ETH, with 1,208,204 transactions and 560,830 interacting addresses.

According to Golden Finance, Dune Analytics shows that the total value bridged (TVB) on zkSync is 3,732,387 ETH, Starknet TVB is 938,026 ETH, and the total number of bridged user addresses is 1,226,766. Additionally, the TVB on Arbitrum is 4,157,441 ETH, Optimism TVB is 804,483 ETH, and Base TVB is 611,787 ETH.

According to Golden Finance, Dune data shows that Blur's NFT lending platform, Blend, has achieved a total trading volume of $68.63 billion and has facilitated a total of 767,225 loans. Currently, the platform has 11,712 unique borrower addresses and 4,616 unique lender addresses.

According to Golden Finance, recent data from CryptoSlam shows that Solana's total NFT sales volume has reached $5,846,983,463, with approximately 52,814,312 on-chain NFT transactions. There have been 4,051,063 on-chain buyers and 2,236,542 sellers.

## BASE Network TVL Rises to $1.83 Billion According to DefiLlama data, BASE network's Total Value Locked (TVL) currently sits at $1.83 billion, marking a 1.43% increase over the past 24 hours. Here are the top three protocols in the ecosystem by TVL: * Aerodrome TVL: $857 million, a 27.03% increase over the past 7 days. * Uniswap TVL: $2.06 billion, a 17.43% increase over the past 7 days. * Extra Finance TVL: $108 million, a 7.53% increase over the past 7 days.

According to Golden Finance, the latest data shows that 1175.21 BTC flowed into exchange wallets in the past 24 hours, 7214.50 BTC in the past 7 days, and 94881.12 BTC flowed out of exchange wallets in the past 30 days. As of press time, the total balance of exchange wallets is 2,347,360.81 BTC.

According to Tonscan data, the TON network currently has 6.68 billion TON staked. Additionally, the current staking APY is 4.5%, and the network has 400 validator nodes.

According to a report by Golden Finance, based on Dune data, the Solana meme coin platform pump.fun has accumulated revenue of $112,505,121.

According to Golden Finance, Etherscan data shows that the supply of the stablecoin USDe, issued by EthenaLabs, has fallen below 2.6 billion. Currently, there are approximately 2,586,346,442 USDe in circulation, held by 17,509 individuals, with a total of 584,608 transactions.

According to a report by Golden Finance, Vice President Kamala Harris raised and spent significantly more than former President Donald Trump in August, leaving her with more cash on hand at the end of the month for the November election's final push. Harris's campaign raised over $189 million in August, more than four times the $44 million raised by Trump's campaign. These figures reflect fundraising for the primary campaign accounts specifically for the candidates, not including donations to other parts of their political operations. Harris's campaign announced earlier this month that their joint fundraising total with the Democratic National Committee and the campaign committee for August reached $361 million. This dwarfs the $130 million raised by Trump's campaign and its joint fundraising committees.

## USDT Market Cap Hits Record High, Approaching $1200 Billion According to IntoTheBlock, USDT's market capitalization has reached an all-time high, nearing $1200 billion. Coingecko data shows the current USDT market cap is $1192.22 billion.

Golden Finance reports that the price of AR has broken through $20, currently trading at $20.01, with a 24-hour gain of 0.91%. Market fluctuations are significant, please exercise caution and manage your risk accordingly.

According to Golden Finance, data from Intotheblock shows that USDT market capitalization has reached a new all-time high, nearing $120 billion and currently at $1191.86 billion.

According to Golden Finance, Elon Musk has conceded and decided to comply with a Brazilian court order, attempting to end a months-long dispute that ultimately resulted in millions of dollars in fines and the ban of social media platform X in Brazil. A judicial document reveals that X appointed a legal representative in the country on Friday, seeking to meet the deadline set by the Supreme Court and lift the ban on the platform, which began on August 30th. This action does not guarantee the return of social media platform X, as the Brazilian judge had banned X for refusing to block certain accounts.

The campaign team of U.S. Vice President Kamala Harris sharply criticized Donald Trump's comments on the Federal Reserve's first interest rate cut in four years, focusing on economic issues ahead of the November presidential election. Republican candidate Trump weighed in hours after the Fed cut rates by 50 basis points on September 19, calling it a "political move" and arguing that a 25-basis-point cut would have been appropriate. He has previously suggested that the independent central bank should be subject to some level of executive control.

## Arthur Hayes Sells $1.65 Million Worth of PENDLE, Raising Questions On-chain data revealed that Arthur Hayes, the founder of BitMEX, withdrew 1.65 million staked PENDLE tokens from his wallet today. This follows yesterday's sale of 350,000 PENDLE tokens. He subsequently transferred 1.2 million of these tokens to an exchange, leaving him with only 493,463 PENDLE tokens.  According to on-chain analyst Yujian, Arthur Hayes' average cost for PENDLE is approximately $2.89. By selling 1,595,000 PENDLE tokens at an average price of $3.52 over the past two days, he made a profit of $1 million. This move comes after Arthur Hayes recently expressed his optimism for Pendle's future in both online and offline events. His sudden sale has sparked mockery and criticism within the community. In response, Arthur Hayes tweeted an explanation: **"As you can see, [@MaelstromFund](https://twitter.com/MaelstromFund?ref_src=twsrc%5Etfw) is reducing its [$PENDLE](https://twitter.com/search?q=%24PENDLE&src=ctag&ref_src=twsrc%5Etfw) position. Even after the reduction it is still one of our largest positions. We still fully believe that [$PENDLE](https://twitter.com/search?q=%24PENDLE&src=ctag&ref_src=twsrc%5Etfw) will be the leader in [\#crypto](https://twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw) interest rate derivatives. And we plan to profit off of their success. We have… "** — Arthur Hayes (@CryptoHayes) [September 21, 2024](https://twitter.com/CryptoHayes/status/1837389985324118212?ref_src=twsrc%5Etfw) He claims that the sale was part of a strategic move by his family office, Maelstrom Fund, and they remain invested in PENDLE. He assures the public that they still believe in the platform's potential but need to free up capital for a "special situation."

According to Golden Finance, the total locked value of FlokiFi Locker, the crypto locking protocol under FLOKI, has reached $165.6 million, setting a new all-time high. FlokiFi Locker is a crypto locking protocol that uses FLOKI as its core utility token. It enables users to lock LP tokens, fungible tokens, and NFTs. Every lock on ETH and BSC chains triggers a FLOKI buyback and burn, enhancing its utility and deflationary impact.

## FlokiFi Locker Reaches Record High of $165.6 Million in Total Value Locked According to official announcements, FlokiFi Locker, the crypto locking protocol under FLOKI, has reached a historic high of $165.6 million in total value locked. FlokiFi Locker is a crypto locking protocol that utilizes FLOKI as its core utility token. It enables users to lock LP tokens, fungible tokens, and NFTs. Every lock on the ETH and BSC chains triggers a buy and burn of FLOKI, enhancing its utility and deflationary impact.

On September 22nd, according to Scam Sniffer monitoring, approximately 4 hours ago, a trader lost $610,000 worth of rETH and stkGHO due to signing multiple "approve" phishing transactions.

On September 22, Jesse Pollak, head of the Base protocol, posted that at 23:38 Beijing time on September 22, the Base team discovered a performance decline in its mainnet, including issues with the mainnet (public RPC API, deposits, withdrawals, batch submissions, block production), leading to transaction delays. The team was aware of the issue. As of the time of this posting, the issue has been resolved.

"Gold Finance reports that in response to recent hacking incidents, WHYPAD has officially released a bounty notice. The details are as follows: Dear WHYPAD community members, To address a recent hacking incident against our platform, which resulted in the theft of some tokens during aggregation, we are launching a bounty program to track and recover the stolen assets."

Gold Finance reported that Jesse Pollak, head of the Base protocol, posted on X platform that the Base team discovered a performance decline in its mainnet at 23:38 on September 21st (Beijing time). This included issues with the mainnet (public RPC API, deposits, withdrawals, batch submissions, block production), leading to transaction delays. The team is aware of the issue and working to fix it.

ChainCatcher reports that Whale Alert has monitored a transfer of 227,597,335 USDC from Coinbase Institutional to BlockFi at approximately 11:13 PM Beijing time today.

## Gold Finance reports that ARB has broken through $0.60, currently trading at $0.61. The price has surged by 7% in the last 24 hours. Volatility is high, so please be cautious and manage your risk.

On September 21st, Coinbase officially announced the upcoming launch of cbBTC on the Solana network. Previously, Coinbase officially announced the launch of its wrapped Bitcoin token, Coinbase Wrapped BTC (cbBTC). This token operates on the Ethereum and Base networks, backed by a 1:1 ratio of Bitcoin, and is planned to be supported on more blockchains.

## WHYPAD Announces Bounty Program Following Recent Hack **Dear WHYPAD Community Members,** Following a recent hacking incident targeting our platform, resulting in the theft of some tokens during aggregation, we are launching a bounty program to track and recover the stolen assets. We invite community members to actively participate in safeguarding the platform’s security and interests. **Bounty 1: Tracking & Freezing:** We offer up to 10,000 USDT in rewards to individuals or teams providing actionable intelligence that helps track and freeze the hacker’s funds. **Bounty 2: White Hat Recovery:** The platform will provide a 30% reward of the recovered amount to white hat hackers who help us recover the stolen assets. **Hacker Information:** The hacking incident occurred at block height 42448749, and the hacker’s address is: 0xF8EBB12676331Fc0A1a4ef0AdC40d5bBF3443a46. **How to Participate:** Please provide relevant intelligence and supporting information through official channels. Any help you provide is crucial in protecting the platform's security and recovering stolen assets.

On September 21st, payment giant Visa announced a partnership with Singapore-based digital payment platform dtcpay to launch a Crypto-to-fiat Card. This card is primarily targeted at ultra-high-net-worth (UHNW) individuals, enabling them to convert cryptocurrencies, such as stablecoins, into fiat currency at real-time exchange rates. The card may later be extended to merchants. Open registration for the card is expected to commence in the fourth quarter of this year.

On September 21st, according to data from the US Federal Bureau of Prisons, Binance founder CZ is currently located at the Residential Reentry Management (RRM) facility in Long Beach, California. This means he is undergoing preparation and assessment for reentry into society. If all goes according to plan, he will be released on September 29th. "Residential Reentry Management," also known as "halfway houses," serve as local liaisons between the Federal Bureau of Prisons and the Federal Courts, US Marshals Service, state and local correctional agencies. They contract with federal prisons to provide necessary assistance and support to inmates nearing release, ensuring a smooth transition back into society.

According to ChainCatcher, Scam Sniffer has reported that a trader lost approximately $610,000 worth of rETH and stkGHO about three hours ago due to signing multiple "approve" phishing transactions.

According to Golden Finance, Scam Sniffer has reported that a trader lost $610,000 worth of rETH and stkGHO about 3 hours ago due to signing multiple "approve" phishing transactions.

On September 21st, according to HTX data, APT surged over 13% in the past 24 hours, currently trading at $8.14.

Puma has announced a partnership with UNKJD, a Web3 gaming platform focused on the sports sector. UNKJD aims to bring Puma's iconic designs and content into the game, providing players with new characters, skins, and tournaments. This includes the introduction of Puma-licensed clothing and skins. Puma has previously collaborated with various gaming platforms like Playstation, Fortnite, and Rocket League.

**Mars Finance News** Whale Alert has monitored a transfer of 227,597,335 USDC from Coinbase Institutional to BlockFi at approximately 23:13 Beijing time today.

According to Golden Finance, Whale Alert has monitored a transfer of 227,597,335 USDC from Coinbase Institutional to BlockFi at 23:13:11 Beijing time.

According to Golden Finance, information from the Federal Bureau of Prisons website shows that Changpeng Zhao's current location has been updated to the Reentry Management Bureau in Long Beach, located in central California. This indicates that he is undergoing pre-release preparation and assessments. If everything goes according to plan, he will be released back into society on September 29th. (Securities Times)

## Base Chain Metrics Surge: 80 Million Contracts, 700 Million Transactions According to Dune Analytics, the Base blockchain has surpassed 80 million contract creations, reaching 80,104,631. The total block count has reached approximately 20.02 million, and the number of user addresses has touched 53,358,452. Base's total on-chain transaction count has exceeded 701 million. Furthermore, the current total gas consumption on the Base chain has reached 17,476.7338 ETH, with an average gas cost of approximately $0.0779 (0.000025708 ETH).

## Base Chain Metrics: According to Dune Analytics data, Base has surpassed 80 million contract creations, reaching 80,104,631 contracts. The total block count on the chain has reached approximately 20.02 million, while the number of user addresses has touched 53,358,452. The total number of on-chain transactions on Base exceeds 701 million. Furthermore, the total gas consumed on Base currently stands at 17,476.7338 ETH, with an average gas usage cost of approximately $0.0779 (0.000025708 ETH).

Payment giant Visa has announced a partnership with Singaporean crypto payment provider dtcpay to launch a Crypto-to-Fiat Card. The card is reportedly aimed at ultra-high-net-worth (UHNW) individuals and allows users to convert cryptocurrencies like stablecoins into fiat currency at real-time exchange rates. The card may be expanded to the merchant side in the future. Public registration for the card is expected to open in the fourth quarter of this year. (economywatch)

Golden Finance reported that payment giant Visa has announced a partnership with Singapore's dtcpay to launch a Crypto-to-fiat Card. The card is reportedly targeted towards ultra-high-net-worth (UHNW) individuals and allows users to convert stablecoins and other cryptocurrencies into fiat currency at real-time exchange rates. The card may be expanded to merchants in the future. It is reported that the card will open for public registration in the fourth quarter of this year.

## Coinbase Prime Now Supports ZetaChain Custody Coinbase Institutional announced on social media that Coinbase Prime now supports custody for ZetaChain (ZETACHAIN).

Golden Finance reports that sports brand Puma has announced a partnership with Web3 gaming platform UNKJD Soccer. UNKJD Soccer is a Web3 mobile game project focused on sports, aiming to bring Puma's iconic designs and content into the game. This partnership will offer players new characters, skins, and tournaments, including the introduction of Puma-licensed apparel and skins. Puma has previously collaborated with various gaming platforms, such as Playstation, Fortnite, and Rocket League.

Foresight News reports that Bitget's price chart shows APT continuing to rise, briefly reaching $8.35 USDT and currently trading at $8.27 USDT. This represents an increase of over 14% in the past 24 hours.

## Shanghai Launches Blockchain-Based Commodity Supply Chain Financing Pilot Program According to Jin10, Shanghai officially launched a pilot program for "commodity supply chain financing based on blockchain technology" this afternoon. The Nonferrous Metals Trading Center, Shanggang Cloud Warehouse, and the first four commodity trading companies that have joined the platform signed strategic cooperation agreements with Bank of Communications. This pilot program aims to promote the development of supply chain finance based on blockchain technology by leveraging financial technology innovation and the role of government guarantee funds, thereby better serving the real economy.

On September 21st, according to ai_9684xtpa monitoring, the "whale" who previously lost $8.22 million from leveraged long positions on ETH, has added 3,594 ETH (total value $9.19 million) in long positions over the past two days. The average price of these long positions is $2484 (current price $2560), and they are currently showing a profit of $275,000. The address just withdrew 1477 ETH from Binance 18 minutes ago and then deposited 2.6 million USDT. It is suspected that the long positions are not yet over.

## Ethereum Gas Fees Surge, Uniswap Routers Lead the Pack According to data from Etherscan, the current gas fee on the Ethereum network has risen to 41 gwei. Uniswap: Universal Router has emerged as the protocol with the highest gas consumption in the past 3 hours. Uniswap V2: Router 2 and Maestro: Router 2 follow closely in second and third place respectively.

## Trump Coins: Silver Commemorative Medal Former U.S. President Donald Trump announced the launch of the first edition of a silver commemorative medal, dubbed "TRUMP COINS," on his social media platform. These medals are reportedly "minted in the USA" and are scheduled to be released on September 25th. Here are the key features of the silver commemorative medal: * Contains 1 ounce of .999 pure silver * Minted in Indiana, USA * Designed by Donald J. Trump * The only officially authorized Donald J. Trump silver medal on the market * Features an image of President Donald J. Trump on the obverse and an image of the White House on the reverse * Comes with a custom felt pouch and a certificate of authenticity Trump emphasized that this is the only silver commemorative coin on the market that has his official authorization. The product is positioned as a collectible and not as legal tender or an investment tool. The issuer stated that the commemorative coins will be minted on demand and there is no limit on the number produced.

According to the official website of the Ethereum L2 network, Corn, the platform has garnered over $100 million in deposits (approximately $119 million) and boasts over 380,000 users.

## Crypto & Business Headlines: **12:00 - 21:00** **Keywords:** Elon Musk, Bank of Canada, Trump, El Salvador 1. **Bitcoin's market share has increased by 6% year-to-date.** 2. **Bank of Canada warns that AI could lead to inflationary pressures.** 3. **Elon Musk claims US government spending will bankrupt the nation.** 4. **Trump launches his first silver commemorative coins, "TRUMP COINS", with an official website now live.** 5. **SEC charges three individuals and five companies with running a "pig butchering" crypto scam.** 6. **Pectra, a major Ethereum upgrade, will change gas fees, validator rewards, and more.** 7. **El Salvador's President Bukele visits Tesla headquarters and discusses AI and the future of humanity with Elon Musk.** 8. **LinYi Police crack a case involving a virtual currency gambling app, seizing over 10 million yuan.**

#### Decrypt’s Art, Fashion, and Entertainment Hub. --- [Discover SCENE](/scene)OpenAI’s [newest GPT\-o1 AI model](https://decrypt.co/249735/openais-o1-review-good-bad-ugly-ai-latest-brainchild) is the first to demonstrate capabilities that could aid experts in reproducing known—[and new](https://openai.com/index/building-an-early-warning-system-for-llm-aided-biological-threat-creation/)—biological threats, a former company insider told U.S. Senators this week. "OpenAI's new AI system is the first system to show steps towards biological weapons risk, as it is capable of helping experts in planning to reproduce a known biological threat," William Saunders, a former member of technical staff at OpenAI, told the Senate Committee on the Judiciary Subcommittee on Privacy, Technology, \& the Law. This capability, he warned, carries the potential for “catastrophic harm” if AGI systems are developed without proper safeguards. Experts also testified that artificial intelligence is evolving so quickly that a potentially treacherous benchmark known as Artificial General Intelligence looms on the near horizon. At the AGI level, AI systems can match human intelligence across a wide range of cognitive tasks and learn autonomously. If a publicly available system can [understand biology](https://decrypt.co/147414/ai-protein-model-ankh-generative-medical-research) and develop new weapons without proper oversight, the potential for malicious users to cause serious harm grows exponentially. ADAD"AI companies are making rapid progress towards building AGI," Saunders told the Senate Committee. "It is plausible that an AGI system could be built in as little as three years." Helen Toner—who was also part of the OpenAI board and voted in favor of firing co\-founder and CEO Sam Altman—is also expecting to see AGI sooner rather than later. “Even if the shortest estimates turn out to be wrong, the idea of human\-level AI being developed in the next decade or two should be seen as a real possibility that necessitates significant preparatory action now,” she testified. Saunders, who worked at OpenAI for three years, highlighted the company's recent announcement of GPT\-o1, an AI system that "passed significant milestones" in its capabilities. As [reported](https://decrypt.co/249227/openai-launches-new-01-model-that-outperforms-chatgpt-4o) by *Decrypt*, even OpenAI said it decided to stem away from the traditional numerical increase in the GPT versions, because this model exhibited new capabilities that made it fair to see it not just as an upgrade, but as an evolution—a brand new type of model with different skills. ADADSaunders is also concerned about the lack of adequate safety measures and oversight in AGI development. He pointed out that "No one knows how to ensure that AGI systems will be safe and controlled," and criticized OpenAI for its [new approach](https://decrypt.co/249735/openais-o1-review-good-bad-ugly-ai-latest-brainchild) toward safe AI development, caring more about profitability than safety. "While OpenAI has pioneered aspects of this testing, they have also repeatedly prioritized deployment over rigor," he cautioned. "I believe there is a real risk they will miss important dangerous capabilities in future AI systems." The testimony also showed some of the internal challenges at OpenAI, especially the ones that came to light after Altman’s ouster. "The Superalignment team at OpenAI, tasked with developing approaches to control AGI, no longer exists. Its leaders and many key researchers resigned after struggling to get the resources they needed," he said. His words only add another brick in the wall of complaints and warnings that AI safety experts have been making about OpenAI’s approach. Ilya Sutskever, who co\-founded OpenAI and played a key role in firing Altman, resigned after the launch of GPT\-4o and [founded](https://decrypt.co/247897/safe-superintelligence-ilya-sutskevers-safe-ai-raises-1-billion) Safe Superintelligence Inc. OpenAI co\-founder John Schulman and its head of alignment, Jan Leike, [left the company](https://decrypt.co/231294/openai-exec-quit-safety-took-backseat-shiny-products) to join rival Anthropic, with Leike saying that under Altman’s leadership, safety “took a backseat to shiny products.” Likewise, former OpenAI board members Toner and Tasha McCauley wrote an [op\-ed](https://decrypt.co/233372/openai-toxic-culture-former-current-board-members-argue) published by *The Economist*, arguing that Sam Altman was prioritizing profits over responsible AI development, hiding key developments from the board, and fostering a toxic environment in the company. In his statement, Saunders called for urgent regulatory action, emphasizing the need for clear safety measures in AI development, not just from the companies but from independent entities. He also stressed the importance of whistleblower protections in the tech industry. The former OpenAI staffer highlighted the broader implications of AGI development, including the potential to entrench existing inequalities and facilitate manipulation and misinformation. Saunders has also warned that the "loss of control of autonomous AI systems" could potentially result in "human extinction." ADAD*Edited by [Josh Quittner](https://decrypt.co/author/joshquittner) and [Andrew Hayward](https://decrypt.co/author/andrew-hayward)* ### Generally Intelligent Newsletter A weekly AI journey narrated by Gen, a generative AI model.Your EmailGet it!Get it!

On September 21st, Etherscan data showed that the current Ethereum network gas fee rose to 41 gwei. Uniswap: Universal Router was the protocol with the highest gas consumption in the past three hours. Uniswap V2: Router 2 and Maestro: Router 2 ranked second and third, respectively.

**Mars Finance News:** According to Gate.io data monitoring, PIKA has surged rapidly, reaching a peak of $0.93 USDT and currently trading at $0.924 USDT, with a 24-hour high of 15%. It is understood that PIKA is the first Launchpad built on the Bitcoin Layer-2 blockchain Bitlayer. Current official website data shows that the total amount of staked PIKA is about to exceed 200 million.

Former US President Donald Trump announced on his social media the launch of the first edition of silver commemorative coins, TRUMP COINS, reportedly all “minted in the United States” and scheduled for release on September 25th. The key features of these silver commemorative coins include: - Contains 1 ounce of .999 pure silver, minted in Indiana, USA; - Designed by Donald J. Trump, the only officially authorized Donald J. Trump silver medal on the market; - The obverse features an image of President Donald J. Trump, the reverse features an image of the White House; - Comes with a custom felt bag and certificate of authenticity. Trump emphasized that this is the only silver commemorative coin on the market that has his official authorization. The product is positioned as a collectible, not as legal tender or an investment tool. The issuer stated that the commemorative coins will be minted on demand, with no production limit.

## ChainCatcher News: Whale Who Lost $8.22 Million Shorting ETH Now Longing Again According to on-chain data analyst @ai_9684xtpa, the "whale who lost $8.22 million shorting ETH" has accumulated 3,594 ETH (worth $9.19 million) over the past two days. The average entry price for these long positions is $2484 (current price: $2560), resulting in a current profit of $275,000. Just 18 minutes ago, this whale withdrew 1477 ETH from Binance and deposited 2.6 million USDT. This suggests the long position is not yet complete. Currently, the whale has deposited 3594 ETH and borrowed 6.2 million USDT, with a health factor of 1.22. If ETH drops to $2091.32, the whale faces liquidation.

According to Mars Finance, the "whale" who previously lost $8.22 million from leveraged long ETH positions, has accumulated 3,594 ETH (total value of $9.19 million) over the past two days. The average entry price was $2,484 (current price $2,560), resulting in a current profit of $275,000! Currently, the wallet has deposited 3,594 ETH and borrowed 6.2 million USDT, with a health factor of 1.22. If ETH drops to $2,091.32, the position will be liquidated. Wallet address: https://debank.com/profile/0x444624b9777e41e648c4019cc86cf0b6738f39bf

#### Decrypt’s Art, Fashion, and Entertainment Hub. --- [Discover SCENE](/scene) *Illustration by Mitchell Preffer for Decrypt.* [Bitcoin](https://decrypt.co/resources/what-is-bitcoin-four-minute-instant-guide-explainer) shot up this week following [long\-expected](https://decrypt.co/250182/fed-cuts-interest-rates-for-first-time-in-four-years) cuts from the Federal Reserve Wednesday. The biggest digital coin is now priced at $63,125 per coin, [according](https://decrypt.co/price/bitcoin) to CoinGecko—a more than 5% seven\-day rise.  The price jump came after Jerome Powell announced that the central bank would be cutting by 50 basis points, while some were expecting a smaller 25 basis point cut. The Fed hiked interest rates to a two\-decade high in 2022 in order to tame inflation. Investors had been waiting for a cut, but didn’t know how big it would be.  But after Powell made the announcement, traders rushed back into riskier assets like stocks and crypto—which typically do better in a low\-interest\-rate environment.  ADADIt’s worth noting, though, that the biggest digital coin still has a way to go before it touches its all\-time record price of $73,737 set this March.  The second biggest cryptocurrency by market cap, [Ethereum](https://decrypt.co/price/ethereum), is up by almost 6% over the past week. The coin rose despite investors continuing to cash out of the [newly\-approved exchange\-traded funds (ETFs)](https://decrypt.co/231691/ethereum-etfs-approved-sec-policy-about-face).  In other news, Donald Trump finally [launched](https://decrypt.co/249749/donald-trump-launches-world-liberty-financial-project-token-details) his crypto project. In a live interview with Rug Radio (*Decrypt*’s sister company), the Republican presidential candidate and his allies said that the decentralized finance (DeFi) project, dubbed World Liberty Financial, would offer borrowing and lending services for cryptocurrencies on Ethereum’s network.  Elsewhere, MicroStrategy continued buying Bitcoin, [adding](https://decrypt.co/250538/microstrategy-bought-another-458-million-bitcoin) another $458\.2 million in orange coins to its balance sheet, and a judge [threw out](https://decrypt.co/250431/consensys-lawsuit-sec-ethereum-tossed-out) Ethereum software giant Consensys’ lawsuit against the U.S. Securities and Exchange Commission (SEC). And of the top coins and tokens by market cap, [Solana](https://decrypt.co/resources/what-is-solana-a-scalable-decentralized-network-for-dapps) has continued to surge, adding 8% to its value over the week. The fifth biggest coin is [now priced](https://decrypt.co/price/solana) at $147\.69, as per CoinGecko.  ADADBut [Avalanche](https://decrypt.co/resources/what-is-avalanche-network-avax-ava-labs) is this week’s winner, having jumped 11% in seven days, and [currently trading hands](https://decrypt.co/price/avalanche) for $27\.57\. *Edited by [Andrew Hayward](https://decrypt.co/author/andrew-hayward)* ### Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more.Your EmailGet it!Get it!

The MATR1X FIRE Gold Rush test officially launched on September 21st, 2023 at 15:07 UTC+8. Participants can mine $FIRE with Genesis characters and Energy. The gold rush mining system in MATR1X FIRE is similar to Bitcoin mining, with character NFTs functioning as mining rigs and Energy representing electricity. Players who own the premium BattlePass can earn Energy by completing daily tasks. By equipping their character NFT, players participate in ranked matches, consuming Energy and producing $FIRE and treasure chests.

According to Cointelegraph, BlackRock founder Larry Fink told CNBC in an interview, "I believe Bitcoin is a legitimate financial asset. It provides you with an uncorrelated type of return. I think it's an instrument to invest in when you're more fearful. I firmly believe Bitcoin has a place in portfolios."

September 21 news, according to market sources, former US President Trump launched his first silver commemorative medal, TRUMP COINS, which will be exclusively released on realtrumpcoins.com on Wednesday, September 25, 2024. The key features of the silver commemorative medal include: * Contains 1 ounce of .999 pure silver * Minted in Indiana, USA * Designed by Donald J. Trump * The only officially authorized Donald J. Trump silver medal on the market * The obverse features an image of President Donald J. Trump, and the reverse features an image of the White House * Comes with a custom felt bag and certificate

"Golden Finance reports that the 'whale' who previously leveraged long ETH and lost $8.22 million has bought 3,594 ETH (worth $9.19 million) in the past two days, averaging a purchase price of $2,484 (current price $2,560), currently realizing a profit of $275,000! He just withdrew 1,477 ETH from Binance 18 minutes ago and deposited 2.6 million USDT. It seems that the long position is not over yet. Currently, he has deposited 3,594 ETH and borrowed 6.2 million USDT, with a health factor of 1.22. He will face liquidation if ETH drops to $2,091.32."

PANews reported on September 21 that a large whale has started to go long on ETH, according to @ai_9684xtpa. This whale, which previously lost $8.22 million due to leveraged long positions on ETH, has accumulated 3,594 ETH (worth $9.19 million) over the past two days. The average purchase price was $2,484 (current price $2,560), resulting in a current profit of $275,000. The whale just withdrew 1,477 ETH from Binance 18 minutes ago and deposited 2.6 million USDT.

On September 21st, according to market news, former US President Donald Trump launched his MEME cryptocurrency. The project website is now online.

## Fed Officials' Statements in Focus Next Week: Implications for Dollar and Gold Following the end of the Fed's "quiet period," investors will be closely monitoring the speeches of Fed officials next week. If Fed officials decline to promise further significant interest rate cuts this year, the dollar could rebound, potentially dragging gold prices lower. However, if Fed officials hint at considering another 50-basis point rate cut at the November meeting, the dollar might struggle to find support. Here are some key macroeconomic events worth watching next week: **Monday:** * **8:00 PM**: Atlanta Fed President Raphael Bostic, a 2024 FOMC voter, will deliver remarks on the economic outlook. * **10:15 PM**: Chicago Fed President Austan Goolsbee, a 2025 FOMC voter, will participate in a fireside chat. **Tuesday:** * **1:00 AM**: Minneapolis Fed President Neel Kashkari, a 2026 FOMC voter, will deliver a speech. * **10:00 PM**: The US Conference Board's Consumer Confidence Index for September will be released. **Thursday:** * **9:10 PM**: Boston Fed President Susan Collins will host an online event on central banking regulation and financial inclusion, with Fed Governor Philip Jefferson participating. * **9:20 PM**: Fed Chair Jerome Powell will deliver prerecorded remarks for an event. * **9:25 PM**: New York Fed President John Williams, a permanent FOMC voter, will deliver a speech. * **10:30 PM**: Fed Governor Michelle Bowman will deliver remarks. **Friday:** * **1:00 AM**: Minneapolis Fed President Neel Kashkari (2026 FOMC voter) and Fed Governor Michelle Bowman will participate in a fireside chat. * **9:30 PM**: Boston Fed President Susan Collins (2025 FOMC voter) and Fed Governor Philip Jefferson will deliver speeches.

## Plume Network to Tokenize $1.25 Billion in Real-World Assets According to The Block, Plume Network, an RWA L2 network, announced plans to tokenize approximately $1.25 billion in real-world assets, offering holders the opportunity to earn yield in the process. A Plume Network spokesperson stated that the company aims to tokenize assets including "solar farms, private credit, Medicaid-supported invoices, and mineral rights," making them available to investors before the fourth quarter. The spokesperson added that Plume Network ultimately hopes to tokenize $3 billion worth of assets. Plume Network stated that the yield-generating assets it intends to tokenize include a $500 million private credit fund called Credbull, a $300 million Plural Energy solar farm, some oil and gas mineral rights, and $120 million in Medicaid claims.

On September 21st, PAnews reported that Cointelegraph shared a video interview with Larry Fink, founder of BlackRock, on the X platform. In the video, Fink stated: “I believe Bitcoin is a legitimate financial instrument that can provide you with uncorrelated returns. I believe that when you are afraid, you can invest in it. I firmly believe that Bitcoin has a place in your portfolio.”

**Coinbase Institutional Announces ZetaChain (ZETACHAIN) Custody Support for Coinbase Prime** Foresight News reports that Coinbase Institutional has announced that Coinbase Prime now supports custody for ZetaChain (ZETACHAIN). ZetaChain, a universal blockchain, aims to build universal applications that support all blockchains, including Bitcoin, Ethereum, Cosmos, Solana, and more.

According to Mars Finance, L2BEAT data shows that the total value locked (TVL) on Ethereum Layer 2 has rebounded to $36.13 billion, up 2.87% in the past seven days. The top five networks by TVL are: Arbitrum One ($13.94 billion, up 1.62% in the past seven days); Base ($6.59 billion, up 3.56% in the past seven days); OP Mainnet ($6.12 billion, up 4.38% in the past seven days); Blast ($1.55 billion, up 3.81% in the past seven days); and Mantle ($1.25 billion, up 5.75% in the past seven days).

**Ethereum Developers Split Major Upgrade 'Pectra' into Two Parts** This week, Ethereum core developers decided to split the network's next major upgrade, Pectra, into at least two parts. The first update is slated for release around February 2025. This initial update includes a proposal, EIP-7702, which allows users to pay gas fees using cryptocurrencies with broader usage rather than exclusively ETH, as is currently the case for gas fees across several networks in the Ethereum ecosystem. Another improvement, EIP-7251, enables Ethereum stakers to earn rewards on staked amounts exceeding 32 ETH. For example, users currently staking 40 ETH cannot currently benefit from or gain voting rights on the additional 8 ETH. This will significantly reduce bandwidth requirements across the entire Ethereum network. Two additional proposals included in the initial Pectra release, EIP-6110 and EIP-7002, will also enable the first fully automated and permissionless ETH staking pools. The remaining parts of Pectra may not be completed until 2026. (decrypt)

On September 21st, RWA L2 network Plume Network announced plans to tokenize approximately $1.25 billion worth of real-world assets, offering earnings opportunities for holders in the process. A Plume Network spokesperson stated that the goal is to tokenize assets including "solar farms, private credit, Medicaid-backed invoices, and mineral rights" with the intention of making these assets accessible to investors before the fourth quarter. The spokesperson added that Plume Network hopes to "eventually" tokenize $3 billion worth of assets. Plume Network outlined that the earning assets they intend to tokenize include the $500 million private credit fund Credbull, the $300 million Plural Energy solar farm, some oil and gas mineral rights, and $120 million worth of Medicaid claims.

## WHYPAD Announces Community Vote to Burn 85% of Tokens Mars Finance reports that WHYPAD has announced a community vote to burn 85% of its tokens, amounting to roughly $20 million worth of WHYPAD tokens. The team emphasizes that they will prioritize user feedback and that this initiative is crucial to ensure the long-term health of the WHYPAD ecosystem. The WHYPAD team claims this burn is not just a milestone in their development but also a testament to their commitment to the platform’s long-term stability. By reducing the circulating supply, WHYPAD aims to enhance the token's market value and stability, laying a solid foundation for future ecosystem expansion. Beyond the token burn, WHYPAD will also undergo a brand upgrade. The project will collaborate with BinaryX (BNX) to fully revamp its branding and forge a deep strategic partnership with BNX's upgraded "Four" project. This partnership will leverage BNX's powerful ecosystem support and resource network, allowing WHYPAD to further expand its influence on BNBChain and offer users more innovative meme projects and growth opportunities.

## September 21st: Ethereum Layer 2 Total Value Locked (TVL) Recovers to $36.13 Billion, Up 2.87% in the Past Week According to L2BEAT data, the total value locked (TVL) on Ethereum Layer 2s has recovered to $36.13 billion, marking a 2.87% increase over the past week. Here are the top five Layer 2s by TVL: * Arbitrum One: $13.94 billion (up 1.62% in the past week) * Base: $6.59 billion (up 3.56% in the past week) * OP Mainnet: $6.12 billion (up 4.38% in the past week) * Blast: $1.55 billion (up 3.81% in the past week) * Mantle: $1.25 billion (up 5.75% in the past week)

**PANews, September 21, 2023:** Shanghai officially launched a pilot program for "bulk commodity supply chain financing based on blockchain technology" this afternoon, according to Jin10. The Nonferrous Metals Exchange, Shangang Cloud Warehouse, and the first four bulk commodity trading companies to join the platform have signed strategic cooperation agreements with Bank of Communications. The pilot program in Shanghai aims to leverage fintech innovation and government guarantee funds to drive the development of supply chain finance based on blockchain technology, better serving the real economy.

"Gold Finance reports that Larry Fink, founder of BlackRock Group, said: 'I believe Bitcoin is a legitimate financial instrument that can provide you with uncorrelated returns. I believe you can invest in it when you are afraid. I firmly believe that Bitcoin has a place in your portfolio.'"

## Ethereum's Next Major Upgrade, Pectra, Split into Two Parts: **ChainCatcher reports that Ethereum core developers have decided to split the network's next major upgrade, Pectra, into at least two parts, with the first update expected to launch around February 2025.** Currently, gas fees on Ethereum, Base, Arbitrum, Optimism, and other Layer 2 networks must be paid in ETH, regardless of the token being transferred. **The first part of Pectra includes a proposal, EIP-7702, that will effectively end this requirement, allowing users to pay gas fees using other, more widely-used cryptocurrencies.** Another improvement is **EIP-7251, which will allow Ethereum stakers to earn rewards on staked amounts exceeding 32 ETH**. For example, users currently staking 40 ETH are unable to earn rewards or gain voting rights on the additional 8 ETH. This will significantly reduce the bandwidth requirements across the entire Ethereum network. **Two other proposals included in the initial Pectra release, EIP-6110 and EIP-7002, will also enable fully automated and permissionless ETH staking pools for the first time.** The remaining parts of Pectra may not be implemented until 2026.

On September 21, the YouTube channel of the Supreme Court of India was hacked, promoting a scam involving XRP cryptocurrency instead of the usual live hearings. The hacking led to the channel being temporarily shut down, but it was restored later that day. Ripple CEO Brad Garlinghouse responded, saying, "Ripple and executives would never ask you to send us XRP. It's unfortunate to see scammers prey on and exploit innocent crypto users, and social media platforms allow this to happen. Please be careful to protect yourselves."

On September 21st, Ethereum's core developers decided to split the network's next major upgrade, Pectra, into at least two parts. The first update is scheduled for release around February 2025. Currently, regardless of what token is being transferred, gas fees on Ethereum, Base, Arbitrum, Optimism and other Layer 2 networks must be paid in ETH. A proposal included in the first part of Pectra, EIP-7702, will effectively end this requirement, allowing users to pay gas fees with other, more widely used cryptocurrencies. Another improvement is EIP-7251, which will allow Ethereum stakers to receive rewards for portions of their stake above 32 ETH. For example, users currently staking 40 ETH are unable to earn rewards or gain voting rights on the additional 8 ETH. This will significantly reduce the bandwidth requirements of the entire Ethereum network. Two further proposals included in the initial release of Pectra, EIP-6110 and EIP-7002, will also realize fully automated and permissionless ETH staking pools for the first time. The remainder of Pectra may not be implemented until 2026.

## MicroStrategy Bitcoin Holdings Surpass 250,000 ChainCatcher reports that MicroStrategy has surpassed 250,000 Bitcoin in its holdings, according to K33 Research. Over the past 12 months, MicroStrategy accumulated 98,420 BTC. The period between August 2020 and 2021 saw the highest year-on-year growth in MicroStrategy's BTC holdings, with an increase of 105,090 BTC.

A report by Golden Finance revealed that the YouTube channel of the Indian Supreme Court was hacked and used to promote a scam involving XRP cryptocurrency, replacing the usual live hearings. The hack led to the channel being temporarily shut down, but it was restored later that day. Ripple CEO Brad Garlinghouse responded by condemning the exploitation of cryptocurrency users.

## Forge, a Web3 Video Game Platform, Announces New Funding Round ChainCatcher reports that Forge, a Web3 video game platform, announced on X (formerly Twitter) that it has secured a new round of funding. Investors include Sui Network, Ava Labs, Chris Wang (founder of ThunderCore protocol), Dingaling, and consulting firm AP Collective. The specific funding amount and valuation details haven't been disclosed yet. Forge plans to use the new funds to expand its blockchain-based Web3 video game platform. The platform aims to empower players to integrate their in-game achievements and activities into their profiles, providing opportunities for social engagement and in-game rewards.

## SEC Takes Action Against Crypto "Pig Butchering" Scams On September 21, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) filed lawsuits against three individuals and five companies, accusing them of running cryptocurrency "pig butchering" scams. These lawsuits are reportedly the SEC's first enforcement actions against such scams, coming just a day before the U.S. House of Representatives Financial Services Committee is set to hold a hearing on "pig butchering" scams. Gurbir S. Grewal, Director of the SEC's Division of Enforcement, stated in a press release that "romance scams, including those involving investments in digital assets, pose significant risks to retail investors. This threat is rapidly increasing as these scams become more popular among fraudsters. In these two cases, we allege that the fraudsters created a fictitious cryptocurrency ecosystem and presented investors with false information. Our charges serve as a reminder to the public to be highly wary of investment opportunities promoted by strangers on social media."

Gold Finance reported that the Financial Action Task Force on Money Laundering (FATF) announced on Thursday that India has "achieved a high level of technical compliance with FATF recommendations and has taken significant steps to implement measures to combat illicit finance" after a joint assessment with the Asia/Pacific Group on Money Laundering (APG) and the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG). However, it highlighted areas for improvement, particularly in regulating the non-financial sector and virtual asset providers. The FATF urged India to adopt a risk-based approach to protect non-profit organizations and address the issue of delays in prosecuting financial crimes.

ChainCatcher reported, citing Cointelegraph, that yield protocol Shezmu recovered nearly $5 million of stolen funds within hours of successfully negotiating with the hacker. This morning, Chaofan Shou, co-founder of blockchain analytics firm Fuzzland, warned that a Shezmu repository had been compromised. While it's unclear whether the incident was intentional or a genuine hack, Shou confirmed that approximately $4.9 million worth of cryptocurrency was stolen in the process. Shezmu subsequently confirmed that one of its ShezmuUSD (ShezUSD) stablecoin pools had been targeted and proactively urged the hacker to return the funds in exchange for a bounty and without any legal consequences. The hacker responded to this request by demanding a 20% bounty instead of the initial 10%, which Shezmu agreed to. Within hours, Shezmu began to recover the stolen funds, although not all funds had been recovered at the time of writing. The Shezmu team urged investors to limit interactions with the protocol's Oasis vaults until further updates are provided.

[Decrypt](/)[Deep Dives](/deep-dives)[Long Reads](/deep-dives/long-reads) --- # Biggest Changes Coming in Ethereum’s Super\-Sized Pectra Upgrade --- ## Ethereum’s next major update Pectra will make substantial changes to gas fees, validator staking, and more. Here's what to expect. By [Sander Lutz](/author/sanderlutz) Sep 21, 2024Sep 21, 2024 5 min read Create an account to save your articles.[](/author/sanderlutz) Image: The Ethereum Foundation #### Decrypt’s Art, Fashion, and Entertainment Hub. --- [Discover SCENE](/scene)This week, Ethereum’s core developers decided that they will split the network’s next major upgrade, Pectra, into at least two parts, with the first update set to ship in or around February 2025\.   The last several [Ethereum](https://decrypt.co/resources/what-is-ethereum-quickly-explained-four-minute-guide) upgrades—including [Dencun](https://decrypt.co/221345/dencun-upgrade-goes-live-ushering-in-new-era-for-ethereum), which dropped in March, and [Shapella](https://decrypt.co/resources/what-is-ethereums-shanghai-upgrade), which went live in 2023—have ushered in meaningful changes both for blockchain developers and everyday Ethereum users. So what will Pectra bring, and how might those changes affect you? ## Pectra: Part one ADADDuring a call on Thursday, Ethereum’s core developers decided that there were too many items on the wish list for Pectra, which if all pushed out at the same time might make the upgrade overly complex. Instead, they opted to split the upgrade into at least two separate events, with the first part set for early next year.  Several proposals have already been greenlit for inclusion in that first update, and many of them will have noticeable impacts on Ethereum users. One, for example, will end the tedious practice of needing to hold small amounts of ETH to pay for gas fees on the Ethereum mainnet and many layer\-2 networks. Currently, gas fees on Ethereum, [Base](https://decrypt.co/resources/what-is-base-coinbases-layer-2-chain), [Arbitrum](https://decrypt.co/resources/what-is-arbitrum-speeding-up-ethereum-using-optimistic-rollups), [Optimism](https://decrypt.co/resources/what-is-optimism-using-rollups-to-help-scale-ethereum), and several other networks in the Ethereum ecosystem must be paid in ETH, regardless of what token is being transferred.  A proposal included in Pectra part one, EIP\-7702, will effectively end that requirement by allowing users to pay gas fees in other, more versatile cryptocurrencies. The proposal, which introduces “account abstraction,” will allow users’ Ethereum wallets to behave more like smart contracts—meaning that third parties will be able to sponsor transactions and pay your gas fees for you. As a result, Ethereum core developer Marius van der Wijden explained to *Decrypt*, you will soon be able to outsource your gas fees to a service that you can pay in [USDC](https://decrypt.co/resources/what-is-us-dollar-coin-usdc), for example—making the necessity of holding ETH to complete basic functions on Ethereum a thing of the past.  ADAD“It's a great UX improvement,” van der Wijden said. Another improvement featured in the first portion of Pectra, EIP\-7251, will allow Ethereum stakers to earn rewards on sums greater than 32 ETH. Up until now, validators have only been able to collect yield if they deposited 32 ETH (slightly more than $81,000 at writing) with the network. Any amount of ETH above that wouldn’t generate additional yield, unless they deposited another full 32 ETH—from a separate validator.  So a user currently staking 40 ETH, for example, currently can’t collect yield or gain voting power from that extra 8 ETH.   “It was just dead stake, basically,” van der Wijden said. “But now it's not anymore.” Once Pectra’s first segment ships early next year, stakers will be able to earn proportional yield on any deposited sum over 32 ETH. This will be made possible by new functionality that will allow for the consolidation of validators—meaning that if you’re currently running several different validators of 32 ETH each to maximize rewards and influence, you can now combine them all into a single validator with proportionally greater voting power and reward accumulation. On a macro scale, the ability to consolidate validators also means that major stakers like [Lido](https://decrypt.co/resources/what-is-lido-finance-ethereums-largest-liquid-staking-project) and [Rocket Pool](https://decrypt.co/news-explorer?pinned=327913&title=vitalik-buterin-raises-concerns-about-lido-rocket-pools-mechanisms-for-staking-ethereum) and [Coinbase](http://ng-near-all-time-high-etfs-rewards), which accumulate funds from thousands upon thousands of different users, can now significantly reduce the number of nodes they need to run to stake with the Ethereum mainnet. “This will reduce the bandwidth requirement of the Ethereum network as a whole quite significantly,” van der Wijden said.  Two more proposals included in Pectra’s initial shipping, EIP\-6110 and EIP\-7002, will also for the first time enable the possibility of fully automated and permissionless ETH staking pools. Currently, services like Rocket Pool still require employees to manually handle some elements related to depositing and withdrawing funds. ADAD## Part two and beyond While the features described above are set to go live early next year, questions abound about a second Pectra upgrade, including which EIPs it might contain, when it will go live, and whether any other Ethereum updates will come before it.  Currently, Ethereum’s van der Wijden estimates, the rest of Pectra might have to wait until 2026\.  But when the second half of the update does come, expect big things. Two major proposals are already likely to be included: an EVM Object Format (EOF) that will increase efficiency and safety in writing smart contract code, and a new feature called PeerDAS that could significantly reduce layer\-2 gas fees even further over the next two to three years.  In March, Ethereum’s Dencun upgrade introduced [blobs](https://decrypt.co/resources/what-are-blobs-improving-ethereums-scalability), which dramatically [decreased](https://decrypt.co/222574/how-much-ethereum-dencun-upgrade-cut-ethereum-l2-gas-fees) layer\-2 fees by allowing layer\-2 data to be stored on\-chain temporarily for a period of about a month, as opposed to permanently. At present, six blobs exist on every Ethereum transaction block—basically, reserved space to make layer\-2 transactions ultra\-cheap.  PeerDAS, whenever it launches, will provide the foundation for Ethereum’s developers to significantly increase the amount of blobs present on every network block. Van der Wijden says he’s confident that post\-PeerDAS, his team will be able to fit 32 blobs on every Ethereum block—an efficiency jump of over 400%. *Edited by [Andrew Hayward](https://decrypt.co/author/andrew-hayward)* ### Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more.Your EmailGet it!Get it!

Coinbase announced during the Solana Breakpoint conference that it will add native support for its wrapped Bitcoin token, cbBTC, on the Solana blockchain. Coinbase's cbBTC is fully backed by custodial Bitcoin, allowing users to trade and utilize Bitcoin on programmable blockchains like Ethereum. This could open new opportunities for Coinbase users, who hold over $18 billion worth of Bitcoin on the platform.

MicroStrategy's BTC holdings have surpassed 250,000 BTC, after the company announced this news on September 20th. Over the past 12 months, MicroStrategy has accumulated 98,420 BTC. The period between August 2020 and 2021 was the only time MSTR's BTC exposure experienced higher year-over-year growth, reaching 105,090 BTC.

## Mars Finance News, September 21: SEC Sues Individuals and Companies for Allegedly Operating "Pig Butchering" Scams The US Securities and Exchange Commission (SEC) has filed lawsuits against three individuals and five companies, accusing them of operating "pig butchering" scams. These two lawsuits, filed on Tuesday, mark the first time the SEC has taken enforcement action against this type of crypto scam, coming just one day before the US House Financial Services Committee is set to hold a hearing on "pig butchering" scams. Gurbir S. Grewal, Director of the SEC's Enforcement Division, stated in a press release: "Romance scams, including those that involve investments in crypto assets, pose significant risks to retail investors, and this threat is rapidly increasing as these scams become more popular with fraudsters. In these two cases, we allege that the fraudsters created a sham crypto ecosystem and presented investors with false information. Our charges serve as a reminder to the public to be highly cautious about investment opportunities that are promoted by strangers on social media."

## Shezmu Recovers Nearly $5 Million Stolen in Hack After Negotiation with Attacker PANews reported on September 21st that yield protocol Shezmu successfully recovered almost $5 million worth of stolen funds within hours of negotiating with the hacker. Earlier, Chaofan Shou, co-founder of blockchain analytics firm Fuzzland, warned that a Shezmu repository had been compromised. While it was uncertain whether the incident was intentional or a genuine hack, approximately $4.9 million worth of cryptocurrency was stolen in the process. Shezmu subsequently confirmed that one of its ShezmuUSD (ShezUSD) stablecoin pools was attacked and proactively urged the hacker to return the funds in exchange for a bounty and without facing any legal repercussions. The hacker responded to this request by demanding a 20% bounty instead of the initial 10%, which Shezmu agreed to pay. Within hours, Shezmu began to gradually recover the stolen funds, though not all funds have been restored. The Shezmu team urged investors to limit interaction with the protocol's Oasis vault until further updates are provided.

Coinglass data shows that the total open interest for BTC contracts across all exchanges is 551,200 BTC, equivalent to $347.94 billion, with a 24-hour decline of 1.69%. Among them, CME BTC contracts have the highest open interest at 160,500 BTC (approximately $101.20 billion), ranking first with a 24-hour decline of 2.49%. Binance BTC contracts follow closely with an open interest of 120,400 BTC (approximately $75.98 billion), ranking second and experiencing a 24-hour decline of 1.54%.

On September 21st, according to Coinglass data, the total liquidations across all exchanges in the past 24 hours reached $96,047,500. Of this, $64,240,100 was from long positions and $31,794,100 from short positions.

According to Golden Finance, L2BEAT data shows that the total value locked (TVL) on Ethereum Layer 2 has rebounded to $36.13 billion, up 2.87% in the past 7 days. The top five in terms of locked value are: * Arbitrum One ($13.95 billion, up 1.61% in the past 7 days); * Base ($6.59 billion, up 3.51% in the past 7 days); * OP Mainnet ($6.13 billion, up 4.79% in the past 7 days); * Blast ($1.55 billion, up 3.98% in the past 7 days); * Mantle ($1.25 billion, up 5.83% in the past 7 days).

On September 21, according to HTX market data, Bitcoin briefly fell below $63,000, currently trading at $63,013, down 0.95% in the past 24 hours.

On September 21, according to L2BEAT data, the total value locked (TVL) of Ethereum Layer2s has rebounded to $36.13 billion, representing a 2.87% increase over the past 7 days. The top five projects by TVL are: Arbitrum One ($13.95 billion, 1.61% increase over 7 days); Base ($6.59 billion, 3.51% increase over 7 days); OP Mainnet ($6.13 billion, 4.79% increase over 7 days); Blast ($1.55 billion, 3.98% increase over 7 days); Mantle ($1.25 billion, 5.83% increase over 7 days).

## Coinhall Acquired by Solana DEX Jupiter 火星财经 reports that cross-chain trading platform Coinhall has been acquired by Solana-based decentralized exchange (DEX) Jupiter. While the acquisition price and valuation have not been disclosed, Coinhall will continue to operate under the Jupiter brand. The acquisition will expand Jupiter's reach into the EVM ecosystem. Coinhall's previously announced HALL and Hallchain plans are expected to be discontinued as part of the acquisition. Coinhall will now focus on building and accumulating value for Jupiter by offering real-time price charts, liquidity analysis, and aggregated swap functionality across multiple automated market maker DEXs (AMMs).

According to SolanaFloor, the next Solana Breakpoint will take place in Abu Dhabi from December 11th to 13th, 2025.

The Bank of Canada's Governor, Tiff Macklem, has stated that investments in artificial intelligence (AI) could lead to increased inflationary pressure in the short term and pose financial stability risks. AI could also impact how businesses set prices. There is evidence suggesting that companies with a higher degree of digitalization adjust prices more frequently than those with a lower degree of digitalization. Macklem believes that "central banks need to carefully monitor how AI impacts inflation, both indirectly through aggregate demand and supply, and directly through pricing behavior."

## Forge Raises Funds Led by Sui Network, Ava Labs, and ThunderCore Founder Forge, a Web3 video game protocol, announced a new round of funding. The round included participation from Sui Network, Ava Labs, Chris Wang (founder of ThunderCore protocol), Dingaling, and consulting firm AP Collective. The specific amount raised and valuation information remain undisclosed. Forge plans to use the new funding to expand its blockchain-powered Web3 video game platform. The platform allows players to integrate game achievements and activities into their profiles, while also providing social engagement and in-game rewards.

ChainCatcher reports that Solana Breakpoint 2025 will be held in Abu Dhabi, UAE from December 11th to 13th, 2025, according to SolanaFloor.

Shezmu, a revenue-sharing protocol, has recovered nearly $5 million of stolen funds within hours of successfully negotiating with hackers. Earlier this morning, Chaofan Shou, co-founder of blockchain analytics firm Fuzzland, warned that a Shezmu repository had been compromised. While it's unclear if the incident was intentional or a genuine hack, Shou confirmed that approximately $4.9 million worth of cryptocurrency had been stolen. Shezmu subsequently confirmed that one of their ShezmuUSD (ShezUSD) stablecoin pools had been targeted. They proactively urged the hackers to return the funds in exchange for a bounty and a promise of no legal repercussions. The hackers responded by demanding a 20% bounty instead of the initial 10%, which Shezmu agreed to. Within hours, Shezmu began to recover the stolen funds. However, as of this writing, not all funds have been restored. The Shezmu team is urging investors to limit their interaction with the protocol's Oasis vault until further updates are provided.

Golden Finance reports that Forge, a Web3 video game protocol, has announced a new round of funding. Participants include Sui Network, Ava Labs, Chris Wang (founder of ThunderCore protocol), Dingaling, and AP Collective, a consulting firm. The specific funding amount and valuation information have not been disclosed. Forge plans to use the new funds to expand its blockchain-based Web3 video game platform, enabling players to integrate their gaming achievements and activities into a single profile. The platform also offers social engagement and in-game rewards.

## Foresight News: Jupiter Acquires Cosmos Aggregator Coinhall According to Foresight News, Solana-based decentralized exchange (DEX) Jupiter has acquired Cosmos aggregator Coinhall. The specific acquisition amount and valuation details are not yet disclosed. After the acquisition, Coinhall will operate as a platform and brand under the Jupiter umbrella, primarily supporting the Cosmos and upcoming EVM ecosystems. Coinhall's previously planned HALL and Hallchain projects are expected to cease after the acquisition. The first project jointly launched by the two parties is the memecoin Fun project Ape.pro.

DePlan, a pay-later solution, announced the launch of DePlan 2.0 on Solana at Solana Breakpoint. Users can tokenize all their Solana subscriptions for the month using the "Pay Later with DePlan" feature, and pay a single consolidated bill at the end of the month. Funds are automatically distributed among the products used by the user through smart contracts.

On September 21st, according to the latest update on the Bank of Canada (BOC) website, the bank is phasing out its research and development work on a retail central bank digital currency. The announcement didn't mention wholesale CBDCs, but emphasized that research on those continues. The Bank of Canada has been extensively researching CBDCs and is now shifting its focus away from CBDC research to other more pressing matters. The Bank of Canada's stance on CBDCs is that it needs to have a "contingency plan" in place in case it is ever needed. This shift in focus comes as the bank prepares to take on new responsibilities. The Bank of Canada said, "As other payment issues become more pressing, the bank is scaling back its work on a retail central bank digital currency and will focus on broader payment system research and policy development."

Golden Finance reported that cross-chain trading terminal Coinhall announced on X that it has been acquired by Solana ecosystem DEX Jupiter. The specific acquisition amount and valuation information have not been disclosed yet. After the acquisition, Coinhall will continue to operate under the Jupiter brand, supporting the expansion of the EVM ecosystem. It is understood that the HALL and Hallchain plans previously announced by Coinhall may be discontinued in this acquisition transaction, and Coinhall will focus on building and accumulating value for Jupiter, providing traders with real-time price charts, liquidity analysis and aggregated Swap functions across multiple decentralized exchanges (AMM DEX).

## Compass Coffee Uses Bitcoin to Purchase Salvadoran Coffee According to Bitcoin.com, American coffee company Compass Coffee has completed an international purchase of Salvadoran coffee using Bitcoin. This purchase follows a series of meetings between the Salvadoran Ministry of Foreign Affairs and Compass Coffee in 2022, where El Salvador sought to promote its coffee in the United States. Compass Coffee will also allow coffee buyers to send tips directly to the producers' Bitcoin wallets.

On September 21, Arkham monitoring data showed that 20 hours ago, WisdomTree ETHW Physical Ethereum address transferred approximately 595.722 ETH, equivalent to $1.51 million, to a Coinbase Deposit address.

On September 21st, Web3 phone Jambo announced the launch of JamboPhone 2 at Solana Breakpoint. This phone integrates with Solana and still costs only $99, with shipping available to 128 countries. JamboPhone 2 is equipped with JamboGPT, and users of both JamboPhone 1 and 2 will receive rewards from Jambo ecosystem partners.

## Foresight News: On-the-ground Reporting **Molecule, a DeSci platform on Solana, announced the launch of Pump.science at the Solana Breakpoint conference. This platform will help scientists raise funds for their experiments.**

On September 21st, DePlan, a "pay-as-you-go" solution, announced the launch of DePlan 2.0 on Solana at the Solana Breakpoint conference. The new feature allows users to "Pay Later with DePlan" for all their Solana subscriptions within a month. These subscriptions are then tokenized, and users receive a consolidated bill at the end of the month. Funds are automatically distributed among the products used via smart contracts.

Foresight News reports that Jambo, a Web3 phone company, announced the launch of JamboPhone 2 at Solana Breakpoint. The phone integrates with the Solana blockchain and remains priced at just $99, with shipping available to 128 countries. JamboPhone 2 features JamboGPT, and users of both JamboPhone 1 and 2 will receive rewards from Jambo ecosystem partners.

## DePlan Unveils 2.0 on Solana at Breakpoint ChainCatcher reports that DePlan, a pay-later solution, has announced the launch of DePlan 2.0 on Solana at the Solana Breakpoint conference. This new version introduces a "Pay with DePlan Later" feature, allowing users to tokenize all their Solana subscriptions within a month. At the end of the month, a single consolidated bill will be generated, and funds will be automatically distributed between the products used through smart contracts.

According to Arkham monitoring data, 20 hours ago, WisdomTree ETHW Physical Ethereum transferred approximately 595,722 ETH to a Coinbase Deposit address, valued at approximately $1.51 million.

## Zeus Network Launches ZeusNode and Guardians: A Permissionless Multi-Chain Future **Mars Finance News, September 21:** Zeus Network announced the launch of ZeusNode and Guardians, envisioning a future characterized by a permissionless multi-chain ecosystem. **ZeusNode facilitates interaction between Bitcoin and Solana.** Guardians, entities holding private keys, are responsible for signing transaction proposals. ZEUS holders can delegate to Guardians to support Solana's development. **ZeusNode is the core product of Zeus Network, built on the Solana Virtual Machine (SVM).** It acts as an intermediary, enabling Solana to connect to other blockchains in a permissionless manner. **ZeusNode's Guardians enhance network security through staking ZEUS tokens, providing additional protection for Solana's pegged assets.** In this model, every transaction is signed by a Guardian.

According to Golden Finance, Arkham monitoring data shows that 20 hours ago, WisdomTree ETHW Physical Ethereum transferred approximately 595.722 ETH, worth about $1.51 million, to a Coinbase Deposit address.

## English Translation: **Gold Finance reports that deBridge, a cross-chain interoperability protocol, has announced that its DBR airdrop will launch on October 17, 2024.** **Previous news reported that users can now join the queue to claim DBR on centralized exchanges (CEX). DBR claims can be submitted directly to CEX accounts, and the balance will be reflected at the time of Token Generation Event (TGE).**

## Binance Data Shows USDT Trading at a Discount in China According to Binance data on September 21st, USDT was trading at a discount in the Chinese market. The highest selling price was 6.89 yuan per USDT, while the lowest buying price was 6.92 yuan. This represents a 5.6% decline over the past two months. Active and high-quality merchants are even selling USDT at a lower price, around 6.83 yuan. Currently, the RMB/USD exchange rate is 7.05/1.

On September 21st, lookonchain observed a price surge of over 10,000% for the meme coin TERMINUS. This followed a tweet by DogeDesigner, the Dogecoin UX/UI graphic designer, stating: "The first city on Mars might be named 'Terminus' - Elon Musk." An address that purchased TERMINUS tokens on September 8th for a mere $135 USD now boasts a value of $124,000, representing a staggering 920x return on investment.

## Foresight News reports that the DFINITY Foundation announced earlier this week that it signed a Memorandum of Understanding (MoU) with the Cambodian Ministry of Industry, Science, Technology and Innovation. This agreement is aimed at supporting smart city innovation. Both parties have committed to providing research, training, and support for a thriving entrepreneurial ecosystem in the development of smart city infrastructure.

According to ChainCatcher, Lookonchain monitored a surge of over 10,000% in the memecoin TERMINUS after social media KOL DogeDesigner posted that Elon Musk might name the first city on Mars "Terminus." On September 8th, a trader spent $135 to buy TERMINUS tokens, which are currently worth $124,300, yielding a return of 920 times.

On September 21st, David Rhodus, founder of Permissionless Labs, announced at the Solana 2024 Breakpoint conference that Pipe Network is currently in private testing and will soon release information about its testnet. Users can join by running a Pipe POP node or using the Pipe CDN.

The Odaily Planet Daily reports that the deBridge Foundation has announced the launch of its native token, DBR, on October 17th. Earlier news stated that claiming DBR to CEX is now open for registration. DBR claims can be directly submitted to CEX accounts, and the balance will be displayed at the time of the Token Generation Event (TGE).

According to Foresight News, Lookonchain tracked a massive surge in the meme coin "TERMINUS" after @cb_doge tweeted, "The first city on Mars could be named 'Terminus' - Elon Musk" 19 hours ago. The coin soared over 10,000%. One user, who purchased TERMINUS for $135 on September 8th, now holds $124,300 worth, representing a 920x return on investment.

## Mars Finance reports: Flash Trade, a DeFi project in the Solana ecosystem, announced at the Solana Breakpoint conference that it will launch its FLASH token later this year.

According to Golden Finance, ZeusNetwork, a cross-chain communication protocol on the Solana ecosystem, announced the launch of ZeusScan, a Bitcoin-Solana interaction browser, at the Solana Breakpoint conference. Additionally, Zeus announced that ZeusNode, which will support interaction between Bitcoin and Solana, is set to launch in Q4 2024. In the future, once BTC is integrated into Solana, the ZeusNode infrastructure can support additional BTC standards, allowing multiple operators to bring their BTC to Solana. ZeusNode can read transactions on Bitcoin and other UTXO-based blockchains. ZeusNode will also facilitate interaction between Solana and other blockchains.

According to Golden Finance, Lookonchain has monitored that after social media KOL DogeDesigner announced that Elon Musk might name the first city on Mars "Terminus," the memecoin TERMINUS surged over 10,000%. A trader who spent $135 to buy TERMINUS tokens on September 8th now holds $124,300 worth of the coin, resulting in a 920x return.

## Foresight News Field Report: Solana DeFi Project Flash Trade Announces FLASH Token Launch Later This Year at Solana Breakpoint This translation aims to preserve the meaning and tone of the original Chinese text while being grammatically correct and readable in English. It avoids using HTML tags and ensures the text is not a single block, using appropriate line breaks and formatting to enhance readability.

## Dora Factory Decentralized Governance Infrastructure Dora Vota ash Application Chain Network to Officially Start Token Migration Process Tomorrow The Dora Vota ash application chain network, built upon the Dora Factory decentralized governance infrastructure, will officially begin its token migration process tomorrow. Once the migration commences, the Dora Vota ash network will become the Dora Vota mainnet, and the mainnet token will be the DORA token. The Ethereum ERC-20 DORA token will no longer be used or supported. On-chain users can migrate their tokens through the open-source token migration system that will be announced at the time. Centralized exchanges will stop accepting DORA token deposits at 11 AM Singapore time on September 22nd, until they complete the Dora Vota mainnet integration.

## CESS to Showcase DePIN Technology at Capitol Hill Event CESS, a decentralized data infrastructure, has been invited to participate in a Capitol Hill event hosted by the Blockchain Association. The event, scheduled for October 2, 2024, will see CESS demonstrate its DePIN technology to members of Congress. Alongside other DePIN projects like Helium and Filecoin, CESS will discuss the future of decentralized networks and their potential role in key industries such as data storage, energy, and telecommunications.

## Foresight News On-Site Report: Coins.ph to Launch PHPC Token on Solana Foresight News, reporting live from the Solana Breakpoint conference, announces that Philippine cryptocurrency exchange Coins.ph will launch its PHPC token on the Solana blockchain.

El Salvador's President Nayib Bukele visited Tesla headquarters and met with Elon Musk, discussing topics such as the role of next-generation technologies like artificial intelligence in shaping the future of humanity. On September 21, Bukele posted a video on X showing his visit to Tesla's Gigafactory in Austin, Texas, where he met with Musk. In the short video, Musk welcomes the president and gives him a tour of the factory.

On September 21st, Jambo, a Web3 mobile infrastructure provider, announced on social media that the Kpop performance on the Solana Breakpoint main stage will take place at 5:45 PM. Participants who engage in the pull-up challenge at the Jambo booth will have a chance to win JamboPhones.

## Magic Eden's Native Token ME to Launch on Solana Network According to Mars Finance, NFT marketplace Magic Eden announced that its native token ME will launch on the Solana network using the SPL standard. The company envisions ME supporting a top-tier, cross-chain dApps ecosystem designed for retail use.

## Powerledger Expands to Solana Mainnet, Leaving SVM Behind **Foresight News** reports that Australian energy technology company Powerledger is expanding to the Solana mainnet and ceasing operations on the Solana Virtual Machine (SVM) blockchain. This move signifies a step towards building an open and universal platform. The POWR token will also be available as a native SPL token within the Solana ecosystem while remaining an ERC-20 token.

## This Week's Macro Events: **1. Fed Boldly Initiates Rate Cuts with a 50bps Move** The Federal Reserve kicked off its rate-cutting cycle with a 50 basis point reduction, marking the first time the US has lowered rates since March 2020. The dot plot indicates further cuts of 50 basis points this year, followed by another 100 basis points next year. Governor Bowman, however, voted to lower rates by only 25 basis points. JPMorgan correctly predicted the Fed's 50 basis point cut this week. Michael Feroli, the firm's chief US economist, maintains that another 50 basis point cut is likely in November, although the outcome hinges on the upcoming employment report. Goldman Sachs believes the Fed's threshold for further significant rate cuts is low, given that the latest expectations for unemployment and PCE are very close to current levels. The bank predicts an additional 75 basis point cut for the year. **2. Alleged Assassination Attempt on Trump** On September 15th, a shooting incident occurred near the golf club owned by former US President Donald Trump in West Palm Beach, Florida. Law enforcement sources report that agents discovered a man with an AK-47 rifle near Trump's golf course. The Secret Service subsequently engaged in a firefight with the suspect, firing at least four shots. However, it remains unclear whether the suspect fired back. Responding to a community user's query on "X" (formerly Twitter), Elon Musk replied with a "thinking" emoji to the question, "Why would they try to assassinate Trump?" Meanwhile, US Vice President Kamala Harris expressed concern about the potential assassination attempt on Trump. **3. Initial Jobless Claims** The number of initial jobless claims for the week ending September 14th came in at 219,000, compared to an expectation of 230,000 and a revised previous reading of 231,000. **4. Trump's First Bitcoin Transaction** Republican presidential candidate Donald Trump purchased a cheeseburger using Bitcoin at the PubKey Bar in New York City, marking his first known Bitcoin transaction. Trump hailed it as a "historic moment." The PubKey Bar's official "X" account confirmed the news, stating that the transaction took place at block height 861871. Trump subsequently distributed burgers to bar patrons, calling them "crypto burgers." Earlier this week, Trump helped launch World Liberty Financial, a decentralized finance project being developed by his family members.

## Solana Ecosystem Launches Stablecoin SUSDC with OpenEden Partnership SolanaFloor reports that Solayer, a Solana-based liquid staking protocol, announced its collaboration with OpenEden to launch the stablecoin SUSDC at the Solana Breakpoint conference.

## ChainCatcher News: Compass Coffee Uses Bitcoin for Salvadoran Coffee Purchase According to the Salvadoran Ministry of Foreign Affairs, American coffee company Compass Coffee has completed an international purchase of Salvadoran coffee using Bitcoin. Jorge Cruz, the Salvadoran counterpart in the transaction, explained that he received the payment in under 10 minutes, eliminating the need for intermediaries commonly involved in such transactions. This deal stems from a series of discussions held in 2022 between the US Department of State and Compass Coffee, aimed at facilitating the introduction of domestically produced coffee into the US market and connecting producers and buyers in both countries.

## Price data shows BNB has surged past 580 USDT, currently trading at 582.2 USDT, up 2.00% in the past 24 hours.

**Mars Finance News:** According to the Salvadoran Ministry of Foreign Affairs, American coffee company Compass Coffee has completed an international purchase of Salvadoran coffee using Bitcoin. Jorge Cruz, the Salvadoran counterpart in the transaction, explained that he received payment in less than 10 minutes, eliminating the need for intermediaries in such transactions.

## Sanctum Announces "Creator Coins" and First SOL Card at Solana Breakpoint **Solana financial news:** Sanctum Co-Founder FP Lee announced the launch of "Creator Coins" at the Solana Breakpoint conference, according to SolanaFloor. This new feature allows anyone to create, build their communities and monetize them. Sanctum will also partner with BasedApp and Jupiter to release the world's first SOL card, "Cloud Card." This card will support users to spend SOL and stablecoins in over 100 countries. Additionally, Sanctum announced the launch of Wonderland Season Two.

According to Golden Finance, the Salvadoran Ministry of Foreign Affairs announced that Compass Coffee, a US coffee company, has completed an international purchase of Salvadoran coffee using Bitcoin. Jorge Cruz, the Salvadoran counterpart in the transaction, explained that he received payment in less than 10 minutes, eliminating the need for intermediaries in such transactions.

## Powerledger Integrates with Solana to Boost Clean Energy and Sustainability Narrative Australian energy technology company Powerledger has announced its integration with the Solana ecosystem. The integration aims to amplify the "narrative of clean energy and sustainability within the blockchain space." Powerledger will integrate its products with the Solana mainnet and cease operating its own Solana Virtual Machine (SVM) blockchain. Powerledger states, "At the core of both Powerledger and Solana is a shared vision of innovation, sustainability, and transparency - values that are increasingly important as the world shifts towards ReFi (regenerative finance) and sustainability." ReFi aims to create economic systems that go beyond generating financial returns and focus on restoring and improving social, environmental, and economic well-being. As of this writing, the total ReFi market cap is $1.1057 billion according to CoinGecko.

## Pyth Announces Oracle Integrity Staking (OIS) to Enhance Data Reliability and DeFi Security Pyth Network has announced the launch of Oracle Integrity Staking (OIS), an upgrade designed to enhance the reliability of data sources and strengthen the security of the DeFi ecosystem. OIS incentivizes publishers and PYTH holders to participate in staking through on-chain rewards and penalty mechanisms, safeguarding the security of the oracle network. Publishers can earn rewards for providing high-quality data, while facing penalties for inaccurate information. PYTH holders can stake and delegate to publishers to enhance their returns. The Pyth DAO will oversee key updates and parameters of OIS.

Golden Finance reported that Trusta Labs, a project in the AI on-chain identity and reputation track, is distributing Airdrop2049 to OG Dragon holders. According to community feedback, each OG Dragon NFT holder received approximately 8,987 tokens at a single address. Based on the peak price of $0.015, each holder received over $100 in rewards. Airdrop2049 is an airdrop and traffic growth platform jointly incubated by Trusta Labs and UXlink.

## Pyth Network Announces Oracle Integrity Staking (OIS) for Enhanced Data Reliability and DeFi Security **Foresight News reports that Pyth Network has announced the launch of Oracle Integrity Staking (OIS), an upgrade to the Pyth oracle network designed to enhance data source reliability and strengthen the security of the DeFi ecosystem.** OIS incentivizes data publishers and PYTH token holders to participate in staking through on-chain rewards and penalties. This mechanism ensures the security of the oracle network. Data publishers are rewarded for providing high-quality data, while errors result in penalties. PYTH holders can stake and delegate to publishers for potential increased earnings. **The Pyth DAO will oversee key updates and parameter adjustments for OIS.**

Foresight News reports that Solayer, a Solana staking protocol, announced a partnership with tokenized platform OpenEden at the Solana Breakpoint conference to launch SUSDC, a yield-stablecoin.

On September 21st, Anas Khader, co-founder of Flash Trade, announced that three new features will be launched later this year at the Solana 2024 Breakpoint conference. He stated that there will be no linear team vesting schedule. The team will only receive tokens upon the launch of new products or features, which will be governed by token holders.

According to The Block, Travala, a crypto-native travel booking platform, has integrated with Solana, making it the third network integrated after Ethereum and BNB Chain. This integration, announced by CEO Juan Otero at Solana Breakpoint, enables users to book flights, hotels, and accommodations using Solana-based assets such as SOL, USDT, and USDC. Users can also earn up to 10% of their booking value in SOL as travel rewards through its loyalty program, using BTC and Travala's native token AVA.

Trusta Labs, an AI-powered on-chain identity and reputation project, has launched an Airdrop2049 airdrop for OG Dragon NFT holders. According to community feedback, each OG Dragon NFT holder received approximately 8987 tokens in a single address. At the peak price of $0.015, each holder earned over $100. Airdrop2049 is a joint initiative of Trusta Labs and UXlink, aimed at providing an airdrop and growth platform.

## BitMEX Co-founder Decreases PENDLE Holdings, But Remains a Major Investor According to Mars Finance, Arthur Hayes, co-founder of BitMEX, has announced his family office fund is reducing its position in PENDLE. Despite this reduction, PENDLE remains one of the fund's largest holdings. "We still believe wholeheartedly in PENDLE's potential as a leading provider of crypto interest rate derivatives. We have reduced our position to fund a specific opportunity. Those following our wallet will see the details soon."

## Mars Finance News, September 21: BNB Breaks $580 According to HTX price data, BNB has broken through $580, currently trading at $581.7. This represents a 1.52% increase over the past 24 hours.

According to Whale Alert, 14,300 ETH (valued at $36,476,476) was transferred from an unknown wallet to Coinbase three minutes ago.

## Pyth Upgrades Oracle Integrity with Staking (OIS) Gold Finance reported that Pyth announced the launch of Oracle Integrity Staking (OIS) on X, an upgrade aimed at enhancing data source reliability and DeFi ecosystem security. OIS incentivizes publishers and PYTH holders to participate in staking by introducing on-chain staking rewards and penalty mechanisms, safeguarding the oracle network. Publishers can earn rewards for providing high-quality data, while incurring penalties for errors. Additionally, PYTH holders can stake and delegate to publishers for increased returns. The Pyth DAO will oversee key updates and parameters for OIS.

According to Foresight News, Hong Kong's three Ethereum spot ETFs have a total asset under management (AUM) of HK$2.91 billion, according to Hong Kong Exchange data. Of this, the two Ethereum ETFs managed by Hua Xia Fund and Harvest Global Investments, both under the custody of OSL, have a combined AUM exceeding HK$1.74 billion, representing 59.9% of the total. The remaining spot Ethereum ETF has an AUM of approximately HK$1.17 billion, accounting for about 40.1%.

"Gold Finance reports that the price of Bitcoin has broken through $63,000, currently trading at $63,002.67. The 24-hour decline is 0.76%, indicating significant price volatility. Please manage your risk accordingly."

According to Golden Finance, Solana Floor revealed that Sanctum Co-Founder FP Lee announced the launch of "Creator Coins" at the Solana Breakpoint conference. This will allow anyone to build, grow their communities, and profit from them. Sanctum will also partner with Based App and Jupiter to launch the world's first SOL card, "Cloud Card," which will support users in using SOL and stablecoins in over 100 countries. Additionally, they also announced that Wonderland Season 2 will be launched.

## MATR1X FIRE Gold Farming Test Officially Begins! Following the announcement, the MATR1X FIRE gold farming test officially began on September 21st at 15:07 UTC+8. It is understood that players participating in the MATR1X FIRE gold farming test can mine with their Genesis Characters and Energy. The gold farming mechanism in MATR1X FIRE is similar to Bitcoin mining. In the MATR1X FIRE gold farming system, Character NFTs function as mining machines, and Energy is analogous to electricity. "Energy" is earned by players holding a Premium BattlePass through completing daily active tasks. Players equip their Character NFTs and participate in ranked matches, consuming Energy to produce FIRE and treasure chests. **MATR1X FIRE Download Links:** iOS: [https://apps.apple.com/app/matr1x-fire/id6448939839](https://apps.apple.com/app/matr1x-fire/id6448939839 "https://apps.apple.com/app/matr1x-fire/id6448939839") Android: [https://play.google.com/store/apps/details?id=com.matr1x.fire](https://play.google.com/store/apps/details?id=com.matr1x.fire "https://play.google.com/store/apps/details?id=com.matr1x.fire") [Image: A screenshot from MATR1X FIRE]

## Solana Ecosystem Launches Creator Coins and Cloud Card **Odaily Planet Daily reports** that SolanaFloor revealed Sanctum Co-Founder FP Lee announced the launch of "Creator Coins" at the Solana Breakpoint conference. These coins allow anyone to create, grow, and profit from their own communities. Sanctum also announced a partnership with BasedApp and Jupiter to launch the world's first SOL card, the "Cloud Card." This card will allow users to spend SOL and stablecoins in over 100 countries. In addition, Sanctum announced the launch of Wonderland Season 2.

According to Golden Finance, WhaleAlert has monitored the transfer of 14,300 ETH from an unknown wallet to Coinbase 3 minutes ago, valued at $36,476,476.

Golden Finance reports that Solana's decentralized exchange (DEX) Mango Markets has launched a new spot exchange called Fill City on Solana. The exchange is powered by Autobahn and Manifest, Mango's open-source routing technology and order book respectively.

On September 21, Elon Musk responded to a user's post on social media, stating, "Federal government spending will bankrupt the country unless action is taken to reduce government waste. This is what is driving inflation." Earlier reports indicated that US Republican presidential candidate Donald Trump said that if elected, he would appoint Musk to lead a government efficiency committee tasked with reviewing government spending. (Jin Shi)

According to Golden Finance, Intotheblock data shows that Bitcoin's market dominance has increased by 6% year-to-date. Ethereum has increased by 0.2% year-to-date, while Bitcoin has risen by approximately 43% in the same period. Additionally, the total market capitalization of stablecoins has increased its market share at the expense of Ethereum, growing from 7% to 10% of the total market cap of BTC, ETH, and stablecoins. USDT's market cap reached a record high of $118 billion, which is also the main driver behind stablecoins taking market share from ETH over the past six months.

## English Translation: Golden Finance reported that QCP Capital released a daily report stating that cryptocurrencies rose for the third consecutive day yesterday, with BTC testing $64,000 again and ETH returning to $2,500. This surge was supported by strong capital inflows into BTC and ETH spot ETFs. Over the past two days, BTC ETFs recorded a net inflow of $2.503 billion, while ETH ETFs saw a net inflow of $8.1 million. With no major macroeconomic events scheduled before Friday, apart from the upcoming PCE price report, crypto prices may take a breather here as enthusiasm for rate cuts subsides. As of this morning, BTC has fallen below $63,000. On the options front, front-end BTC volatility has dropped 6 points from yesterday's peak, continuing to decline as the market adjusts to the path of policy normalization.

On September 21st, according to official sources, CATIZEN announced new products for its ecological application center: Air War and Merge Restaurant. These products are aimed at further enhancing the entertainment and interactivity of its ecosystem. Among them, Merge Restaurant already boasts a strong user base in the Web2 realm. It has been downloaded over 1 million times on Google Play, with a rating of 4.5.

According to Golden Finance, data from Intotheblock shows that Bitcoin's market dominance has increased by 6% year-to-date. Ethereum has gained 0.2% year-to-date, while Bitcoin has gained about 43% during the same period. Additionally, the total market capitalization of stablecoins has increased its market share at the expense of Ethereum, rising from 7% to 10% of the total market cap of BTC, ETH, and stablecoins. USDT's market cap has reached a new all-time high of $118 billion, which has been the main driver of stablecoins taking market share from ETH over the past six months.

On September 21, QCP Capital released a daily report stating that cryptocurrencies had risen for the third consecutive day, with BTC testing $64,000 again and ETH reclaiming $2,500. This rally was supported by strong inflows into BTC and ETH spot ETFs. Over the past two days, BTC ETFs saw net inflows of $250.3 million, while ETH ETFs saw net inflows of $8.1 million. With no major macroeconomic events expected before Friday, aside from the upcoming PCE inflation report, crypto prices could see a slight pause here as enthusiasm for interest rate cuts fades. As of this morning, BTC has fallen below $63,000. In terms of options, front-end BTC volatility has declined 6 points from yesterday's peak, with volatility continuing to fall as the market adjusts to a path of policy normalization.

According to Intotheblock data, Bitcoin's market dominance has increased by 6% year-to-date. Ethereum has gained 0.2% year-to-date, while Bitcoin has risen by approximately 43% in the same period.

On September 21, the U.S. Securities and Exchange Commission (SEC) said it intends to impose sanctions on Elon Musk, CEO of social media platform X (formerly Twitter), for failing to testify as scheduled in the agency's investigation into his $44 billion acquisition of Twitter. (Jin10)

According to Mars Finance, Arthur Hayes has withdrawn all 1.65 million PENDLE (worth $5.76 million) from his main wallet and deposited 918,556 PENDLE (worth $3.2 million) to Binance.

## Bitcoin Market Share Climbs 6% This Year, Ethereum Struggles According to Intotheblock data, Bitcoin's market dominance has risen by 6% year-to-date. While Bitcoin has surged approximately 43% during the same period, Ethereum has seen a mere 0.2% gain. Meanwhile, the total market cap of stablecoins has grown at the expense of Ethereum, increasing its share of the combined market capitalization of BTC, ETH, and stablecoins from 7% to 10%. The USDT market cap hit an all-time high of $118 billion, a key driver behind stablecoins gaining market share from ETH in the past six months.

## LBank Announces DOGGO/USDT Trading Launch PANews reports that LBank will launch DOGGO/USDT trading on September 21st at 3:00 PM (UTC+8). Deposits for DOGGO are now open and began at 2:00 PM (UTC+8) on September 21st. Withdrawals will be enabled at 2:00 PM (UTC+8) on September 22nd.

According to Golden Finance, Arthur Hayes just withdrew all 1.65 million PENDLE (worth $5.76 million) from his main wallet and deposited 918,556 PENDLE (worth $3.2 million) to Binance.

## Solana Founders Fellowship to Launch During Solana Radar Hackathon ChainCatcher reports that HackQuest will partner with Solar and the Solana Foundation to launch the Solana Founders Fellowship. The program will take place during the Solana Radar Hackathon. The Fellowship will run from September 20th to October 12th, with rolling applications accepted throughout this period. The program will feature multiple closed-door office hours and workshops, providing participants with in-depth guidance on technology, funding, and ecosystem support. The mentor team consists of Solana Foundation members and leading project founders within the ecosystem, including: * Can Sun, Co-founder of Backpack * Siong, Co-founder of Jupiter * Cindy, Co-founder of Drift * Mable, STEPN CRO * Chris, Co-founder of Sonic * James, Co-founder of Jambo * Jason, Core Contributor at Solayer * Cris, APAC Head of Colosseum * Joanna, Co-founder of SOON This Fellowship Program will select 20 teams from the Chinese-speaking community. This is the second Founders Fellowship Program organized by HackQuest in collaboration with Solana. In the first Fellowship, five teams won prizes at the Solana Global Hackathon, and many teams successfully secured follow-up funding. Additionally, prominent investment institutions like Coinfund, OKX Ventures, IOSG Ventures, Animoca Brands, SevenX Ventures, HashKey Capital, Find Satoshi Lab, Hash Global, and Gate Ventures will participate in Demo Day, providing project support and feedback. Teams selected for the Fellowship will also have the opportunity to receive Travel Grants, priority access to the Solana Hong Kong Founders House, and participation in the subsequent Solana X HackQuest Founders Bootcamp. **Application Link:** [https://xsxo494365r.typeform.com/to/YB6H88tp](https://xsxo494365r.typeform.com/to/YB6H88tp)

Foresight News, reporting from the scene, announced that Solana's DeFi protocol Kamino's co-founder, Marius C., at Solana Breakpoint, expects to launch spot leverage trading in the coming weeks.

## PANews: Bitcoin Futures Open Interest Drops According to Coinglass data, the total Bitcoin futures open interest across all exchanges currently sits at 551,000 BTC (approximately $347.79 billion), down 1.49% in the past 24 hours. CME Bitcoin futures hold the top spot with an open interest of 160,500 BTC (about $101.21 billion), followed by Binance with 120,000 BTC (approximately $75.73 billion).

## ChainCatcher News: Solana DEX Mango Markets Launches Fill City, Powered by Autobahn and Manifest Order Book Mango Markets, a decentralized exchange (DEX) on the Solana blockchain, announced the launch of its new spot trading platform, Fill City. Fill City is powered by Mango's open-source routing technology, Autobahn, and its order book, Manifest.

According to Golden Finance, data monitored by Arkham shows that approximately 11 hours ago, the Franklin Templeton spot Bitcoin exchange-traded fund EZBC Bitcoin ETF received about 115.97 BTC, worth $7.34 million, from a Coinbase Prime hot wallet address.

## AscendEX (formerly BitMax) to Launch Doggo (DOGGO) on September 21st AscendEX (formerly BitMax) will be listing Doggo (DOGGO) on September 21st at 2:00 PM (UTC), opening the DOGGO/USDT trading pair. Deposits are now open. AscendEX's Meme Research Institute team carefully selects high-quality meme coins for listing based on on-chain data and project background. The platform boasts an impressive 80% success rate for memecoin launches.

On September 21st, Liam Heeger, a blockchain and protocol engineer at Firedancer, announced at Solana Breakpoint that the Solana validator client Firedancer, developed by Jump Crypto, is now live on mainnet (non-voting mode).

## HashKey Global Launches CATI USDT Perpetual Contract ChainCatcher reports that HashKey Global has officially launched a CATI USDT perpetual contract, further enriching its derivatives trading offerings. This contract is a U-based perpetual contract, with the CATI/USDT index as the underlying asset and USDT as the settlement currency. The contract has a face value of 1 CATI. Users can enjoy leverage trading of up to 10x, with a minimum price fluctuation of 0.0001. The funding rate cap is set at +0.75%/-0.75%, and settlement occurs every 8 hours. CATI perpetual contracts support 24/7 uninterrupted trading, providing a flexible trading environment for global traders. HashKey Global continues to build on its foundation of licensed compliance, safety, and stability, meeting the diverse needs of its users and offering them a wider range of trading options.

Following the news, on September 21st, a meme coin called DOGGO emerged on the Ethereum network. Its current market capitalization is $14 million, with a 24-hour increase of 411K%. DOGGO originates from a tweet by Dogecoin's founder, "what happened to poor doggo," accompanied by a picture of a dog. Social media information indicates that the dog is a Shiba Inu living in China. [Image of Shiba Inu]

In a social media post, Elon Musk responded to a user saying, “Federal spending will bankrupt the country unless action is taken to reduce government waste. This is what is driving inflation.” This comes after reports that Republican presidential candidate Donald Trump would appoint Musk to head a government efficiency commission, tasked with reviewing government spending if elected.

## English Translation: **Jinse Finance reports, according to the Linyi Hedong public account, based on the Ministry of Public Security's "Clean Net Action" deployment, Linyi Public Security has continuously strengthened its crackdown on online illegal activities. In early 2023, the Yihe New District Branch of the Linyi Municipal Public Security Bureau discovered an APP suspected of gambling with huge funds flow during its work. ** **The investigation revealed that the APP was developed by Zhao, under the direction of Shi, a criminal suspect. Shi used his own and family members' identities to open multiple fund pool accounts. Members exchanged virtual currency for chips within the APP and engaged in online gambling by guessing the rise and fall of virtual currency exchange rates within different time periods. Since 2023, the Yihe New District Public Security Organs have arrested 13 suspects, including Shi, and seized more than 10 million yuan in funds. In May 2024, Shi and other suspects were sentenced to fixed-term imprisonment by the People's Court.**

Apus Network, an A0 ecosystem project, delivered a presentation at Arweave Asia 2024 on September 19th, hosted by Forward Research. During the event, the project shared important information about its future development: Apus Network will conduct its APUS Token Generation Event (TGE) in the fourth quarter. The token will be entirely community-driven, with 100% of the token supply distributed to the community, ensuring fair and decentralized governance. Additionally, Apus Network unveiled its Trustless GPU Network, aiming to provide a trustless AI experience.

Firedancer, the Solana validator client developed by Jump Crypto, has been launched on the mainnet (non-voting mode), according to Liam Heeger, Firedancer's blockchain and protocol engineer. The announcement was made at Solana Breakpoint.

On September 21st, Elon Musk responded to a user on the social media platform "X" stating, "Federal government spending will bankrupt the country unless action is taken to reduce government waste. This is what is causing inflation!" This comes after reports that Republican presidential candidate Donald Trump said he would appoint Elon Musk to lead a government efficiency commission to review government spending if elected.

ChainCatcher reports that HTX DAO, Tron, and BitWave brought together over 1,100 Web3 builders at a grand Afterparty during Token2049. The event attracted numerous guests, including Justin Sun, BitWave Layer2 Vi CEO Leo, Alethea AI Founder and CEO Arif Khan, Tour Billion Asia Pacific Market Head Victor Yap, ChainGPT CMO Sharon Sciammas, and The Block CEO Larry Cermak. They formed strategic ecosystem partnerships, leveraging the market resources of BitWave, a Bitcoin Layer 2 solution, and Huobi HTX to accelerate their global market expansion. Meanwhile, on September 19th, BitWave participated in the Venture Horizon series VC meetup hosted by TidoCapital TrendX. This event, held during the Singapore Token2049 conference, was the largest VC side event, gathering over 300 renowned industry venture capitalists and leaders.

According to ChainCatcher, members of the Blockchain Association, a cryptocurrency lobbying group, will be heading to Capitol Hill in Washington on October 2nd for DePIN Day. Representatives from projects like Helium, CESS Network, and Multicoin Capital have been invited to share their insights on DePIN and decentralized data infrastructure with members of the US Congress.

## English Translation: Golden Finance reports that New Huo Technology, a company listed on the Hong Kong Stock Exchange, has issued an announcement. It states that on September 13, 2024, the company received an order (UK Order) from the High Court of England and Wales concerning a claim (UK Proceedings) brought by the claimant against multiple designated and undesignated defendants. The order requires the company (as the fourth defendant) to deliver to the claimant a maximum amount of 43.0717024 Bitcoin (equivalent to $2,590,108.21 and approximately HK$20,202,844.03), or the equivalent of £1,936,146.68 (equivalent to approximately HK$19,915,204.75), and 1,167.093718 Ethereum (equivalent to $2,705,451.62 and approximately HK$21,102,522.63), or the equivalent of £2,526,126.44 (equivalent to approximately HK$25,983,736.56) to a designated wallet address. The UK Proceedings were initially brought by the claimant against Huobi Global Limited. The case was subsequently amended, replacing Huobi Global Limited with the company as the fourth defendant. As of the date of this announcement, the company has not received the details of the claim in the UK Proceedings and is therefore unaware of the specific details of the claim. New Huo Technology has appointed UK legal counsel to assess the situation and consider its options. After considering the information and documents provided by the company, the legal counsel believes that the evidence in the UK Proceedings is insufficient and that New Huo Technology has a high chance of successfully overturning the UK Order. New Huo Technology has clarified to the claimant and the Hong Kong court that it has never participated in the operation of the Huobi platform and is not associated with the platform. The Hong Kong court has issued an order to terminate the Hong Kong proceedings against the company. Based on the information currently available, the UK Proceedings have no material impact on the group's overall business, operations or financial position. The company will publish further announcements in due course on any significant developments in the UK Proceedings.

On September 21, the founder of Parallel spoke at the Solana 2024 Breakpoint conference, stating that the survival simulation game, Colony, is scheduled for closed beta testing in early 2025. Additionally, Colony has been optimized for Solana mobile devices.

## Musk Faces SEC Sanctions for Missing Twitter Deposition According to Mars Finance, the U.S. Securities and Exchange Commission (SEC) plans to sanction Elon Musk for failing to appear for a deposition regarding his $44 billion Twitter acquisition on the scheduled date of September 19, 2024. The SEC is also seeking monetary relief to cover travel expenses lost due to Musk's cancellation of the meeting, as well as "all other relief" the court may grant. Musk's legal counsel has emphasized that the SEC has already accepted a request to reschedule the deposition to October 3, 2024, in Los Angeles, California, arguing that court intervention is unnecessary. The letter explains that Musk's absence from the previous meeting was due to an emergency and assures the court he will be present at the October deposition. (Cointelegraph)

Coinbase, the cryptocurrency exchange, announced today at Solana Breakpoint 2024 that it plans to bring its cbBTC token to the Solana ecosystem. This move aims to facilitate the integration of Bitcoin with high-performance blockchains. The announcement was made by Hassan Ahmed, Coinbase's Southeast Asia Head, at the event held on September 21.

According to PANews, on September 21st, OKX charts show BTC rebounding and breaking through 63,000 USDT, currently trading at 63,008 USDT. The 24-hour drop has narrowed to 1%.

According to Golden Finance, the founder of Parallel stated at the Solana 2024 Breakpoint conference that the survival simulation game Colony is scheduled to begin closed testing in early 2025. It is understood that Colony is optimized for Solana phones.

Coinglass data shows that the notional value of all ETH options open interest reached $62.66 billion today, setting a new high for September.

## PANews reports that Coinglass data shows today's total open interest for ETH options across all exchanges reached $62.66 billion, setting a new high for September. **[Image: Data: Today's Total Open Interest for ETH Options Reaches $62.66 Billion, a New High for September]** This is a more natural-sounding English translation that removes the formatting and HTML tags while still maintaining the information and context of the original text.

Golden Finance reports that at the Solana 2024 Breakpoint conference, NomNone, a core contributor to BONK, announced plans to launch BONKETP in the United States, marking the first step in launching the first BONK ETF. BONKIETP is reportedly aimed at both institutional and retail traders and is being launched by BONKDAO and strategic partners.

## BONK ETP Launch Planned for US, According to Nom None Nom None, a core contributor to the BONK project, announced at Solana's 2024 Breakpoint conference that they are planning to launch a BONK Exchange Traded Product (ETP) in the United States. This would mark the first BONK ETF to be introduced. The BONKI ETP will be accessible to both institutional and retail investors. Seed funding for the project will come from BONK DAO and its strategic partners. The exact launch date has not yet been disclosed.

## "Former Chinese Richest Man Zhao Changpeng to be Released from Prison" Tops Baidu Hot Search List News from Mars Finance reported that "Former Chinese Richest Man Zhao Changpeng to be Released from Prison" has topped the Baidu Hot Search List. Previous reports from the United States Federal Bureau of Prisons website revealed that a 47-year-old Asian man named "CHANGPENG ZHAO" will be released on September 29, 2024. His registration number is 88087-510.

At the Solana 2024 Breakpoint conference, Magic Eden CEO Jack Lu announced a new feature that will enable users to trade assets across multiple chains. This includes the ability to trade assets like Bitcoin inscriptions with Solana NFTs, enhancing cross-chain trading capabilities.

On September 21st, according to official announcements, AirDAO community developers have launched the first CTO Meme coin, AirDoge. Users can now exchange the token using the Astra DEX.

According to Golden Finance, SolanaFloor revealed that Magic Eden announced the launch of the ME token on Solana at the Solana Breakpoint event. They also announced an upcoming feature that will allow users to trade assets across multiple chains. This includes the ability to trade assets like Bitcoin inscriptions with Solana NFTs, enhancing cross-chain trading capabilities.

Nvidia's Executive Vice President and Chief Financial Officer, Kress Colette, sold nearly $16 million worth of company stock this week, according to a filing submitted to the U.S. Securities and Exchange Commission (SEC). The document reveals that she sold 68,909 Nvidia shares on September 18th for approximately $7.93 million, followed by another 66,670 shares on September 20th for around $7.77 million. Nvidia's stock price dropped 1.59% on Friday, closing at $116.00. Over the past month, the stock has seen a cumulative decline of 8.8%.

## Aave Community Urges Caution on Proposed WBTC Restrictions Foresight News reports that the Aave community is urging caution in response to a proposal by LlamaRisk to limit WBTC. Marc Zeller, founder of the Aave Chan Initiative (ACI), stated, "LlamaRisk's proposed plan is too harsh, and we will not vote in favor. WBTC users are legitimate users of the Aave protocol, and ACI will not support anything that harms them unless absolutely necessary. ACI favors diversity and will support Aave expanding its support for BTC-backed tokens, including tBTC and Coinbase's cbBTC. We do agree with the sentiment of limiting wBTC growth by reducing the supply cap." Currently, Aave has not taken any action to offline or adjust any wBTC-related parameters.

On September 21st, Hassan Ahmed, Coinbase's Southeast Asia Head, announced at the Solana Breakpoint 2024 conference that Coinbase plans to introduce its cbBTC token into the Solana ecosystem. This move aims to facilitate the integration of Bitcoin with high-performance public blockchains.

Elon Musk posted on X, formerly Twitter, that he had a great conversation with Salvadoran President Nayib Bukele. They discussed many topics, including the nature of reality, the future of humanity, and how technologies like artificial intelligence and robotics will impact the world. However, he didn't specify whether they discussed cryptocurrency.

## Catizen Launches "Air War" and "Merge Restaurant" Mini-Games Catizen, in a post on the X platform, announced the launch of the "Air War" and "Merge Restaurant" mini-games, which will become part of the Catizen Game Center. "Air War" features intense aerial combat with a range of fighter plane skins that unlock different firing experiences. Multiple item buffs can be stacked for a more thrilling kill experience. Defeating bosses unlocks exciting new gameplay, and there are plenty of rewarding missions. In "Merge Restaurant," players combine objects to create new decorations and delicious menu items. Transforming neglected spaces into Michelin-star restaurants is the name of the game.

**PANews reported on September 21 that according to Jin10, a filing with the US Securities and Exchange Commission (SEC) revealed that Kress Colette, Executive Vice President and Chief Financial Officer of NVIDIA, sold nearly $16 million worth of the company's stock this week.** The filing shows that she sold 68,909 shares of NVIDIA stock on September 18 for approximately $7.93 million, and on September 20, she sold 66,670 shares for approximately $7.77 million. **NVIDIA's stock price fell 1.59% on Friday, closing at $116.00. The stock has declined 8.8% over the past month.**

## Bitcoin Spot ETF Inflows: $92 Million on September 20 According to SoSoValue data, Bitcoin spot ETFs saw a total net inflow of $92 million on September 20, 2023 (US Eastern Time). Grayscale's GBTC ETF saw a zero dollar net outflow for the day, with a total historical net outflow of $20.7 billion. Grayscale's Bitcoin Micro Trust ETF (BTC) experienced a $13.37 million net inflow, bringing its total historical net inflow to $408.17 million. Fidelity's FBTC ETF saw the highest single-day net inflow at $26.12 million, bringing its total historical net inflow to $9.78 billion. Ark Invest and 21Shares' ARKB ETF followed with a $21.99 million net inflow, bringing its total historical net inflow to $2.45 billion. As of this writing, total net assets for Bitcoin spot ETFs reach $57.47 billion, with an ETF net asset ratio (market cap compared to the total Bitcoin market cap) of 4.63%. The total historical net inflow has reached $17.69 billion.

According to Golden Finance, Elon Musk posted on social media that he had an amazing conversation with Salvadoran President Nayib Bukele. They discussed many topics, including the nature of reality, the future of humanity, and how technologies like artificial intelligence and robotics will impact the world. The tweet did not mention Bitcoin or cryptocurrencies.

## SEC Plans Sanctions Against Elon Musk for Missing Deposition **PANews, September 21:** According to Cointelegraph, the US Securities and Exchange Commission (SEC) plans to sanction Elon Musk for failing to appear for a deposition on the originally scheduled date of September 19, 2024, and provide testimony to the financial regulator regarding the $44 billion acquisition of X (formerly Twitter). Elon Musk's legal counsel emphasized that the SEC had already accepted a request to reschedule the meeting for October 3, 2024, in Los Angeles, California, and argued that court intervention was unnecessary. The letter explained that the sole reason for Musk's absence from the previous meeting was an emergency and assured the court that he would attend the October meeting.

On September 21st, the news "Former Chinese Richest Man Zhao Changpeng to be Released from Prison" made it to the top five on Baidu's hot search list. Previous reports indicated that according to the official website of the Bureau of Prisons, Zhao Changpeng is scheduled to be released from the Residential Reentry Management program in Long Beach on September 29th. This "Residential Reentry Management" program, also known as a "halfway house," acts as a local liaison between the Bureau of Prisons and federal courts, U.S. Marshals Service, state and local correctional agencies. It contracts with federal prisons to provide necessary assistance and support for inmates who are about to be released, ensuring a smooth transition back into society. This may include providing a safe, structured, and supervised environment, along with services like job training, psychological counseling, housing arrangements, and financial management.

On September 21, Musk posted on social media that he had an "amazing conversation" with Salvadoran President Nayib Bukele. The conversation touched upon the nature of reality, the future of humanity, and how technologies like artificial intelligence and robotics will impact the world. The tweet did not mention Bitcoin or cryptocurrencies.

## PANews Reports: Former Chinese Richest Man, Zhao Changpeng, Set to Be Released From Prison On September 21st, the news of "Zhao Changpeng, former Chinese richest man, is about to be released from prison" appeared on the top 5 of Baidu's trending search list. According to previous reports, the official website of the US Bureau of Prisons revealed that Zhao Changpeng will be released from the Residential Reentry Management program in Long Beach on September 29th. The so-called "Residential Reentry Management" program is also known as a "halfway house". It serves as a local point of contact between the Bureau of Prisons and federal courts, the US Marshals Service, state and local correctional institutions. They enter into contracts with federal prisons to provide necessary assistance and support to prisoners who are about to be released, ensuring a smooth transition back into society. This may include providing a safe, organized, and supervised environment, offering job training, psychological counseling, housing arrangements, financial management services, and more. 

## Cube Unveils Isometric: A Multi-Blockchain Intent Network PANews, September 21st - Cube CEO Bartosz Lipinski announced at the Solana Breakpoint 2024 summit the development of Isometric, an intent network where users can submit intentions that will be settled and validated across multiple blockchains. The network employs a two-layer verification consensus and decentralized MPC technology, ensuring that operations on different chains do not diminish their value. Simultaneously, Cube will introduce the ISO token. Users can become Guardians by staking ISO, participating in network governance and MPC architecture development. Cube plans to open-source all code, fostering community involvement in network building. Isometric is expected to open to new participants in the first quarter of 2024, followed by the mainnet and token launch.

According to Golden Finance, the SEC intends to impose sanctions on Elon Musk for failing to appear in court on the scheduled date (September 19, 2024) and provide testimony to financial regulators regarding the $44 billion Twitter acquisition. The SEC is also seeking monetary relief to cover travel expenses incurred due to Musk's cancellation of the meeting, as well as "any and all other relief" that the court may deem appropriate. Musk's legal counsel emphasizes that the SEC had already accepted a request to reschedule the meeting to October 3, 2024, in Los Angeles, California, and believes court intervention is unnecessary. The letter explains that Musk's absence from the previous meeting was due solely to an emergency, and assures the court he will attend the October meeting.

Catizen announced on X that it has launched two mini-games, Air War and Merge Restaurant, as part of its Catizen Game Center. Air War features intense aerial combat within its universe. Players can unlock various fighter plane skins, each offering unique firing experiences. Multiple item buffs can be stacked for a thrilling kill experience. Defeating bosses unlocks new and exciting gameplay. The game also offers rich task rewards. Merge Restaurant allows players to create new decorations and delicious menus by combining items. Players can transform neglected spaces into Michelin-star restaurants.

According to Foresight News, Simon Kaura, a Nigerian dark web fraud ringleader, has been sentenced to five years in prison without parole by the US Department of Justice. Kaura, along with his accomplices, created, launched, and managed the dark web marketplace Skynet. They obtained and sold stolen financial information on the dark web marketplace. Each marketplace required users to transact in cryptocurrencies like Bitcoin, enabling them to distribute illicit contraband and facilitate fraud to buyers worldwide. The US Attorney's Office and the Department of Justice are seeking the forfeiture of over $4.5 million in assets acquired through his criminal activities and those of his accomplices.

Catizen announced on the X platform the launch of two mini-games, Air War and Merge Restaurant, as part of the Catizen Game Center. **Air War** features intense aerial combat with diverse fighter jet skins unlocking unique firing experiences. Multiple item buffs can be stacked for an even more thrilling kill experience. Defeating bosses unlocks exciting new gameplay. There are also more comprehensive mission rewards. **Merge Restaurant** allows players to combine items to create new decorations and delicious menus. Transform neglected spaces into Michelin-starred restaurants.

Coinbase Southeast Asia head Hassan Ahmed announced at the Solana Breakpoint event plans to bring cbBTC to the Solana ecosystem.

According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) plans to impose sanctions on Elon Musk for failing to appear in court on the scheduled date of September 19, 2024, and provide testimony to the financial regulator regarding the $44 billion Twitter acquisition. The SEC is also seeking monetary relief to cover the costs incurred due to Musk's cancellation of the meeting, as well as any other relief the court may grant to the SEC.

## Chinese Yuan Strengthens as Fed Hints at Rate Cuts According to Mars Finance, on September 21st, the Chinese Yuan exhibited strong upward momentum following the US Federal Reserve's signaling of potential interest rate cuts. As of 4:59 AM on September 21st, the Offshore Yuan traded at 7.0421 against the US Dollar, marking a 295 point gain from the previous trading day. The Onshore Yuan closed at 7.0552 against the US Dollar on September 20th at 4:30 PM, registering a 108 point increase. At the time of this writing, the Binance platform's over-the-counter USDT exchange rate against CNY peaked at 6.98 Yuan. For small sell orders (under 1,000 CNY), the exchange rate was quoted at 6.92 Yuan.

In response to false rumors that Aave might be delisting wBTC, Aave co-founder Stani Kulechov stated, "This is incorrect, Aave is not delisting wBTC. This is a proposal to restrict wBTC put forward by one of the risk providers. Aave DAO is a true DAO and proposals do not mean exit decisions. This particular proposal is not about an exit." According to the Aave forum, another key figure in Aave, ACI founder Zeller, and some community representatives have also expressed opposition to this radical proposal, calling for a more cautious approach. Currently, Aave has not taken down or adjusted any wBTC-related parameters.

According to Golden Finance, SoSoValue data shows that on September 20th (Eastern Time), Ethereum spot ETFs saw a total net inflow of $287.29 million. On the same day, Grayscale Ethereum Trust ETF (ETHE) experienced a net outflow of $0.00. Currently, ETHE has a historical net outflow of $27.68 billion. Grayscale Ethereum Mini Trust ETF (ETH) saw a net inflow of $287.29 million on the day, with a total historical net inflow of $2.66 billion. As of press time, the total net asset value of Ethereum spot ETFs is $69.21 billion. The ETF net asset ratio (market capitalization compared to Ethereum's total market capitalization) reached 2.26%. The historical cumulative net outflow has reached $6.07 billion.

Responding to false rumors about Aave potentially removing wBTC, Aave co-founder Stani Kulechov clarified, "This is incorrect. Aave is not removing wBTC. This is a proposal from one of the risk providers to limit wBTC. The Aave DAO is a true DAO, and proposals don't necessarily mean exit decisions. This specific proposal is not about an exit." According to the Aave forum, Zeller, another key figure in Aave and founder of ACI, and some community representatives also oppose this aggressive proposal. They advocate for a more cautious approach. Currently, Aave has not taken down or adjusted any wBTC-related parameters.

## Amplifying Impact: Personal Branding and Growth for Unleashing Full Potential On September 21st, at the "Growth Hacker Camp" event jointly hosted by BeWater and PANews, FC, co-founder of SevenX Ventures, delivered a keynote speech titled "Amplify Your Impact: Personal Branding and Growth for Unleashing Full Potential." He drew from his personal branding journey to discuss the definition of personal brands, self-positioning, brand realization, and social media content strategies. FC emphasized that personal branding is about establishing your unique coordinates in a world of 7 billion people. Historically, personal brands were defined by traditional media, but today, they are defined by self-media. He highlighted that the need for positioning arises from competition within industries. In saturated markets, it's crucial to find differentiation and create niche spaces. Subsequently, personal brand growth is achieved through content and channel strategies. Focusing on content, FC emphasized finding your target audience and their needs. He explained that needs on the left end of the spectrum cater to a broader audience, generate more traffic, but have lower commercial conversion rates. Conversely, needs on the right end are more specialized, leading to easier conversion. He emphasized the importance of choosing traffic, monetization, and persona based on content objectives. The purpose of creating a persona is to transform your audience into a single individual, understanding their likes, dislikes, anxieties, and speaking directly to them, prompting them to seek answers from you. FC further discussed finding content hotspots and suitable formats for social media platforms, along with optimal release timing. He strongly advised growth professionals to understand the underlying algorithms and rules governing each platform.

## Bitcoin Spot ETF Flows: $91.99 Million Inflow Yesterday According to SoSoValue data, Bitcoin spot ETFs saw a net inflow of $91.99 million on September 20th (US Eastern Time). * **Grayscale's GBTC** saw a net outflow of $0.00 for the day, with a cumulative net outflow of $20.07 billion. * **Grayscale's Bitcoin Mini Trust ETF (BTC)** saw a net inflow of $13.37 million for the day, with a cumulative net inflow of $408 million. **Top Performers:** * **Fidelity's FBTC** saw the highest daily inflow of $26.12 million, bringing its total net inflow to $9.78 billion. * **Ark Invest and 21Shares' ARKB** had a net inflow of $21.99 million, bringing its total net inflow to $2.45 billion. **Overall:** As of this writing, total Bitcoin spot ETF assets under management (AUM) stand at $57.47 billion, representing a 4.63% ratio of ETF market capitalization to total Bitcoin market capitalization. Cumulative net inflow for Bitcoin spot ETFs has reached $17.69 billion.

According to Golden Finance, the price of ILV has fallen below $40, currently trading at $39.99. This represents a 0.47% drop in the last 24 hours. The market is highly volatile, so please exercise caution and manage your risks accordingly.

According to Spot On Chain data, the US Bitcoin spot ETF saw a net inflow of $397 million this week, with inflows on four out of five trading days. Meanwhile, the US Ethereum spot ETF experienced a net outflow of $26.2 million this week, with inflows on two out of five trading days.

Coinbase Institutional announced on X that ZetaChain (ZETACHAIN) is now supported for custody on Coinbase Prime. ZetaChain, as the first universal blockchain, aims to build universal applications that support all blockchains, spanning from Bitcoin and Ethereum to Cosmos and Solana. This support for ZetaChain custody by Coinbase Prime represents a significant step towards achieving this goal.

According to Golden Finance, Coinbase spokesperson revealed at an event that they will run cbBTC on the Solana blockchain, according to a post on X platform by Solana Floor. cbBTC is an ERC20 token backed 1:1 by Bitcoin (BTC) held by Coinbase and has already been deployed on the Base chain.

## 7:00-12:00 Keywords: US SEC, PEPE, Bitwise Strategy Director 1. Three Arrows Capital and Alameda need 3 years to liquidate their WLD holdings. 2. A whale address bought 160.4 billion PEPE tokens 3 hours ago. 3. USDC Treasury minted over 100 million USDC this morning. 4. A dormant address holding 165 BTC was activated after 11.4 years. 5. Chainlink transferred over $200 million worth of LINK to Binance in the past 5 hours. 6. The US SEC approved options trading for BlackRock's Bitcoin spot ETF. 7. The entire network liquidated $142 million in the past 24 hours. 8. Bitwise Strategy Director: BlackRock's Bitcoin spot ETF options approval will cause an explosive rise in Bitcoin.

According to Spot On Chain data, U.S. Bitcoin spot ETFs saw a net inflow of $3.97 billion this week, with inflows on four of the five trading days. This week, Ethereum spot ETFs saw a net outflow of $26.2 million, with inflows on two of the five trading days.

According to a post on X by SolanaFloor, a Coinbase spokesperson announced at an event that Coinbase will be running cbBTC on the Solana blockchain.

## Coinbase Institutional Announces ZetaChain Support for Custody on Prime Coinbase Institutional announced on X that ZetaChain (ZETACHAIN) is now supported for custody on Coinbase Prime. ZetaChain, known as the first universal blockchain, aims to build universal applications that support all blockchains, encompassing Bitcoin, Ethereum, Cosmos, Solana, and more. This addition of ZetaChain to Coinbase Prime's custody services marks a significant step towards achieving this goal.

According to Golden Finance, the price of STRK has broken through $0.40, currently trading at $0.41. This represents a 5.13% increase over the past 24 hours. Volatility is high, so please be sure to manage your risk accordingly.

## WLD Token Holders Face Continued Selling Pressure from Three Arrows Capital and Alameda According to Golden Finance, on-chain data analyst Yu Jin shared on social media that two institutions, both investors in WLD and now bankrupt and undergoing liquidation, are continuously selling their unlocked WLD tokens since the linear unlocking began in late July. Here's a breakdown: * **Three Arrows Capital:** Received 75 million WLD tokens through investment. They have been selling unlocked WLD since late July, having sold a total of 2.538 million WLD (approximately $4.06 million) to date. * **Alameda:** Received 25 million WLD tokens through investment. They have been selling WLD weekly since early August, having sold a total of 1.129 million WLD (approximately $1.8 million) to date. Based on the current selling frequency and volume of these two institutions, it is estimated that it will take them approximately three years to fully unlock and sell their entire WLD holdings.

**Mars Finance News:** Gaia launches a custom Formula 1 AI agent capable of answering user questions. GaiaNet is reportedly a decentralized network that provides secure, censorship-resistant, and monetizable AI agents, merging everyone's expertise and skills while protecting privacy.

Foresight News reports that, according to @ai\_9684xtpa monitoring, a whale bought 1.604 billion PEPE tokens three hours ago, worth $1.31 million. The purchase price was approximately $0.00000819. This address had previously attempted to trade PEPE a month ago, buying at $0.00000802 and selling at $0.00000792, resulting in a loss of $17,000.

According to Golden Finance, on-chain data analyst @ai_9684xtpa observed that a whale address starting with 0x1bB purchased 160.4 billion PEPE tokens (approximately $1.31 million) three hours ago. The purchase price was around $0.00000819. This address previously attempted a PEPE swing trade a month ago, buying at $0.00000802 and selling at $0.00000792, resulting in a loss of $17,000.

## WLD Token Dumping by Bankrupt 3AC and Alameda According to ChainCatcher, on-chain analyst Emberwatch has observed that two institutions, both bankrupt and WLD token holders, have been consistently selling their unlocked WLD tokens since they began linearly unlocking at the end of July. **3AC**, which received 75 million WLD tokens through investment, has been steadily selling unlocked WLD since late July. They have currently sold **2.538 million WLD** (worth $4.06 million). **Alameda**, which received 25 million WLD tokens through investment, started selling WLD at a weekly frequency in early August. They have currently sold **1.129 million WLD** (worth $1.8 million).

Mars Finance reports that TON ecosystem game Hamster Kombat has announced an Interlude Season leading up to Season 2. This season will last for several weeks, and users will earn diamonds during this time that will be useful in the upcoming season.

ChainCatcher reports that the ether.fi Foundation has opened the eligibility inquiry for the Q3 ETHFI token airdrop. The snapshot for this season was taken on September 15th. Eligible eETH restakers can claim their airdrop from September 23rd to 27th.

## English Translation: **Golden Finance reports that Gaia has launched a customizable Formula 1 AI agent capable of answering questions.** **It is understood that GaiaNet is a decentralized network that provides secure, censorship-resistant, and monetizable AI agents, integrating everyone's proprietary knowledge and skills while protecting privacy.**

## Aave Clarifies: No Plans to Delist wBTC Following rumors that Aave might be delisting Wrapped Bitcoin (wBTC), Aave co-founder Stani Kulechov clarified on September 20th that these rumors are false. “This is incorrect,” he stated. “Aave is not delisting wBTC. This is a proposal by one of the risk providers to limit wBTC. The Aave DAO is a true DAO, and proposals don’t necessarily reflect exit decisions, and this particular proposal isn’t about exiting.” According to Aave forums, other key figures within the Aave community, including ACI founder Zeller, and community representatives, have also voiced their opposition to the proposal, calling for a more cautious approach. As of now, Aave has not taken any action to disable or adjust any parameters related to wBTC.

## Make NFT Great Again: StepN Co-Founder Yawn Rong Speaks at Growth Hacker Camp **Singapore, September 21, 2023** – At the "Growth Hacker Camp" event co-hosted by BeWater and PANews, Yawn Rong, co-founder of StepN, delivered a keynote speech titled "Make NFT Great Again: From StepN to StepN GO." He argued that NFTs remain a powerful "communication tool" with inherent social value, and the market still needs them. Rong emphasized StepN's commitment to enhancing the NFT experience for users. He believes that Web3 needs to offer fundamental value to encourage adoption. StepN aims to maximize user experience by leveraging NFTs to diversify their offerings. He explained that the transition between Coin and NFT requires a time commitment, citing the example of a StepN shoe taking a month to level up from 0 to 5. He also highlighted that NFTs are valuable for user filtering, with StepN continuously educating users and standardizing behavior, leading to unique user experiences. Furthermore, StepN has invested significantly in anti-cheating systems to prevent "chips" from falling into the hands of non-consuming individuals who only aim to sell coins. The introduction of activation codes has enabled a steady 0.5% daily user growth, creating a stable economic model. Rong concluded by stressing the importance of user comprehension and engagement with Web3 social products. He outlined the need for short attention spans and a risk-free perception, urging simplified channels, experiences, and processes. He emphasized the necessity of a deep understanding of the product and its environment to create a targeted design. He stressed that social products require sustainable growth, as a lack of continuous momentum can hinder consensus building. "BeWater Growth Hacker Camp" is a two-day event (September 20-21) held in Singapore, focused on growth strategies, collective intelligence, and the essence of marketing. The event features top projects and VCs that have seen significant growth in the past six months, discussing key topics like personal branding, influence, marketing strategies, community culture, organic growth, and Web2 user acquisition and retention.

According to Trader T, US Ethereum spot ETFs saw a net inflow of $2.87 million yesterday. This inflow was solely attributed to Grayscale's Mini ETH, which also recorded a net inflow of $2.87 million. All other ETFs experienced zero net inflows or outflows.

## Bitcoin Could Explode: Bitwise Alpha Strategist Predicts "Unbelievable" Volatility Jeff Park, Head of Strategy at Bitwise Alpha, took to X to express his belief that the SEC's approval of BlackRock's Bitcoin spot ETF options trading will trigger a "massive" surge in Bitcoin's price. Park argues that this event will lead to "unbelievable" volatility in the market, a phenomenon that requires further explanation. This volatility stems from a combination of Bitcoin's unique characteristics, the nature of the regulated options market, and the powerful synergy between the two. According to Park, the approval of Bitcoin spot ETF options trading marks the most significant step forward for the cryptocurrency market. For the first time, Bitcoin's nominal value will be "partially banked" through ETF options. While Bitcoin's limited non-custodial supply is its greatest strength, it also limits the creation of synthetic leverage. Now, Bitcoin will have access to a regulated market, where the US Commodity Futures Trading Commission will protect clearing members from counterparty risks. This signifies a potential exponential growth in Bitcoin's synthetic nominal exposure. Furthermore, Bitcoin possesses a unique volatility trait - as the spot price rises, volatility increases, causing delta to rise at a faster rate. When traders short gamma (the situation with Bitcoin during gamma squeezes becomes explosively recursive). Short sellers are forced to buy back at higher prices, driving further buying and further price increases. This negative vanna gamma squeeze can propel Bitcoin prices upwards like a rocket. In essence, the Bitcoin ETF options market presents the first instance in the financial world of regulated leverage being applied to a truly supply-constrained, permanent commodity. Things could get wild, even to the point where the regulated market might be forced to shut down. But the remarkable aspect of Bitcoin is the constant presence of a parallel, decentralized market that cannot be shut down, unlike stocks.

According to Golden Finance, the ether.fi Foundation announced on X that the ETHFI airdrop inquiry for Q3 is now live. The snapshot was taken on September 15th, and eligible eETH re-staking users can claim their airdrop between September 23rd and 27th.

The ether.fi Foundation announced on X that the ETHFI airdrop claim for Q3 is now live. The snapshot was taken on September 15th, and eligible users who have restaked their eETH can claim their airdrop between September 23rd and 27th.

On September 21st, 2024, CertiK, a leading Web3.0 security firm, announced that its engineers were recognized by Apple for discovering a critical vulnerability in the Apple Vision Pro MR (mixed reality) headset. This marks the sixth time Apple has publicly thanked CertiK, making it the Web3.0 security firm most frequently acknowledged by Apple. The issue was identified by CertiK engineers along with five other computer scientists, exposing how Apple Vision Pro's eye-tracking data could be exploited to crack sensitive information such as passwords, PINs, and messages.

## PANews reports that Shezmu, a leveraged yield protocol, has successfully recovered 282.18 ETH from a white hat hacker. Shezmu posted on X that if they do not receive a response or the remaining funds are not returned within 24 hours, they will report the issue to law enforcement. They also announced that they have hired a dedicated security response team. According to reports, the ShezmuETH (ShezETH) token was allegedly attacked, possibly due to a key leak. 9,900 additional ShezETH tokens were minted and exchanged for 332 ETH (valued at $880,000). ShezmuUSD was also hacked, though it is unclear if this is related to the Deployer key leak. The collateral contract lacks mint() protection, allowing anyone to mint collateral tokens.

On September 20, 2024, CertiK, a leading Web3.0 security firm, announced that its engineers were recognized by Apple for discovering a critical vulnerability in the Apple Vision Pro MR (mixed reality) headset. This marks the sixth time Apple has publicly acknowledged CertiK, solidifying its position as the Web3.0 security firm with the most public thanks from Apple. The issue was uncovered by CertiK engineers in collaboration with five other computer scientists. It revealed how the Apple Vision Pro's eye-tracking data could be exploited to compromise sensitive information such as passwords, PIN codes, and messages.

## Bitwise Alpha's Jeff Park Predicts Explosive Bitcoin Price Surge Following SEC Approval of BlackRock Spot Bitcoin ETF Options Trading Jeff Park, Head of Strategy at Bitwise Alpha, posted on X (formerly Twitter) that the SEC's approval of BlackRock's spot Bitcoin ETF options trading will likely lead to a massive surge in Bitcoin's price. Park believes this will be the most incredible "volatility" surge in financial history, and it deserves further explanation. This prediction is based on several factors: the unique characteristics of Bitcoin, the nature of the regulated options market, and the powerful combination of the two. Park argues that the SEC's approval signifies a major milestone for the cryptocurrency market. For the first time, Bitcoin's nominal value will be "partially banked" through ETF options. While the limited supply of non-custodial Bitcoin is its biggest advantage, it also acts as a constraint, limiting the creation of synthetic leverage. Now, Bitcoin will have a regulated market for the first time, with the Commodity Futures Trading Commission protecting clearing members from counterparty risks. This implies that synthetic nominal exposure in Bitcoin could grow exponentially. Furthermore, Bitcoin exhibits a unique volatility characteristic: volatility increases as the spot price rises. This means delta increases at a faster rate. When traders selling gamma hedge their positions (during gamma squeezes), the situation becomes explosively recursive in Bitcoin. Short-selling traders are forced to buy back at higher prices, leading to further price increases. Negative vanna-gamma squeezes can propel Bitcoin prices skyward. In summary, the Bitcoin ETF options market represents the first time the financial world has witnessed regulated leverage on a truly supply-constrained, perpetual commodity. Things could get wild, possibly even forcing the regulated market to shut down. However, the extraordinary aspect of Bitcoin is that there will always be a parallel, decentralized market that cannot be shut down, unlike equities.

Golden Finance reported that Shezmu, a leveraged yield protocol, posted on X, stating they had successfully recovered 282.18 ETH from white hat bounty hunters. If they don't receive a response or the remaining funds are not returned within 24 hours, they will not hesitate to report the issue to the highest legal authorities. They also mentioned hiring a dedicated security response team. Previously, it was reported that the ShezmuETH (ShezETH) token was allegedly attacked, possibly due to a key leak. 9,900 ShezETH tokens were minted and exchanged for 332 ETH (valued at $880,000). Additionally, ShezmuUSD was hacked, and it's uncertain if this is related to the Deployer key leak. The collateral contract lacks a mint() protection, allowing anyone to mint collateral tokens.

On September 21, according to Whale Alert data monitoring, an address containing 165 BTC (approximately $10,439,808) was activated 4 hours ago after being dormant for 11.4 years.

According to a report by Golden Finance, Web3 security agency Ancilia, Inc. has detected a potential attack on the ShezmuETH (ShezETH) token. The attack is suspected to be caused by a key leak, leading to the minting of an additional 9,900 ShezETH tokens, which were then exchanged for 332 ETH (valued at $880,000). Simultaneously, ShezmuUSD has also been compromised by hackers. It remains unclear whether this incident is connected to the Deployer key leak. The collateral contract lacks a mint() protection mechanism, which allows anyone to mint collateral tokens.

According to Arkham monitoring, approximately three hours ago, 113.128 BTC was transferred from a Gemini hot wallet address to the VanEck Bitcoin ETF HODL Bitcoin ETF, worth approximately $7.15 million. Historical data shows that the VanEck Bitcoin ETF address has accumulated over 707 BTC from Gemini this week.

PANews reported on September 21st that Arkham monitoring data showed 2,121 ETH were transferred from a Coinbase Prime hot wallet address to the BlackRock Ethereum ETF ETHA Ethereum ETF address yesterday, worth approximately $5.15 million.

## Shezmu Issues Warning After Exploit, Offers Bounty **Mars Finance reports that Shezmu, a leveraged yield protocol, has issued a notice warning users to refrain from interacting with its DApp until further notice after one of its vaults was exploited.** **Shezmu has announced a 10% bounty for the exploited funds, offering a 24-hour window for the hacker to return the funds.** **In an update, Shezmu has confirmed that 282.18 ETH has been recovered from a white hat bounty hunter.**

According to Golden Finance, Arkham monitoring revealed that approximately three hours ago, 113.128 BTC was transferred from a Gemini hot wallet address to the VanEck Bitcoin ETF HODL Bitcoin ETF, valued at approximately $7.15 million. Historical data shows that this VanEck Bitcoin ETF address has accumulated over 707 BTC from Gemini this week.

## BingX Resumes Withdrawal Services in Stages ChainCatcher reports that cryptocurrency exchange BingX has announced that it will gradually resume withdrawal services as planned. Here are the specifics: * **BSC network withdrawals (including USDT, USDC, BTC, ETH, TRX, SOL, and other mainstream tokens) and TRC20 network USDT withdrawals will resume on September 21, 2024, at 8:30 AM (UTC+8).** * **Over the next 1-2 weeks, we will gradually resume withdrawals for other tokens and restore deposit services.**

According to Golden Finance, Arkham monitoring data shows that 2,121 ETH were transferred from a Coinbase Prime hot wallet address to the BlackRock Ethereum Exchange Traded Fund ETHA Ethereum ETF address yesterday, worth approximately $5.15 million.

According to on-chain data tracker Whale Alert, USDC Treasury minted over 100 million USDC on the Ethereum blockchain this morning. The minting occurred in two separate transactions: 50,560,000 USDC was minted approximately 8 hours ago, followed by another 50,000,000 USDC minted about 5 hours ago.

According to ChainCatcher, Web3 security firm Ancilia, Inc. has observed that the ShezETH token appears to have been compromised, potentially due to a key leak. An additional 9,900 ShezETH tokens were minted and exchanged for 332 ETH (worth $880,000). Furthermore, ShezmuUSD has also been hacked. It remains unclear whether this incident is related to the Deployer key leak. The collateral contract lacks mint protection, allowing anyone to mint collateral tokens.

According to Golden Finance, on-chain data tracking service Whale Alert detected that USDC Treasury minted over 100 million USDC on the Ethereum blockchain this morning. Of these, 50,560,000 USDC were minted about 8 hours ago and 50,000,000 USDC were minted about 5 hours ago.

## Mars Finance News, September 21st: **ShezmuETH (ShezETH) Token Appears to Be Attacked, Likely Caused by Key Leak** According to monitoring by Web3 security agency Ancilia, Inc., an additional 9,900 ShezETH tokens were minted and exchanged for 332 ETH (valued at $880,000), possibly due to a key leak. **ShezmuUSD Also Hacked, Connection to Key Leak Uncertain** Furthermore, ShezmuUSD has been hacked. It remains unclear whether this is related to the Deployer key leak. The collateral contract lacks a mint() protection, allowing anyone to mint collateral tokens.

## BingX to Resume Withdrawals Gradually Following Hack **Foresight News** reports that BingX has announced it will gradually resume withdrawal services as planned. Withdrawals on the BSC network (including USDT, USDC, BTC, ETH, TRX, SOL, etc.) and TRC20 network USDT withdrawals will be restored by 8:30 AM on September 21, 2024. Withdrawals and deposits for other tokens will be restored within the next 1-2 weeks. All previously submitted withdrawal requests will be canceled before the service is restored. Users wishing to continue withdrawing will need to submit new requests. **Foresight News** reported yesterday that cryptocurrency exchange BingX was the victim of a hack, with estimated losses exceeding $52 million.

According to Whale Alert, a dormant address containing 165 BTC (approximately $10,439,808) was activated after 11.4 years of inactivity.

## Mars Finance reports that Bank of America strategists Mark Cabana and Katie Craig have revised their forecast, now predicting that the Fed will end balance sheet reduction by the end of March 2025, instead of December 2024. This change is due to the lack of discussion among policymakers about their strategy. The September FOMC meeting indicated that the Fed views policy interest rates and balance sheet adjustments as separate issues.

According to Golden Finance, Whale Alert has monitored a dormant address containing 165 BTC that was activated after 11.4 years of inactivity. The value of these Bitcoins is approximately $10,439,808.

Philadelphia Federal Reserve Bank President Patrick Harker said the Fed has effectively addressed challenging economic conditions in recent years. Harker refrained from making forward-looking comments about monetary policy or the economic outlook. He characterized the Fed's policy as taking a broad view of the economy and allowing incoming data to set the policy path. Harker stated, "Over the past 30 months, I believe we have demonstrated ourselves to be a good steward of the economy."

According to Golden Finance, Farside Investors has reported that VanEck's HODL saw a net inflow of $7.1 million yesterday, while ETHV saw no fund flow.

According to Farside Investors, VanEck's HODL saw net inflows of $7.1 million yesterday, while ETHV saw no inflows.

Gold Finance reports that Bank of America strategists Mark Cabana and Katie Craig stated in a report that the bank now expects the Federal Reserve to end balance sheet reduction by the end of March 2025, pushing back the previously predicted end date of December 2024. The reason for this change is the lack of discussion among policymakers about the Fed’s policies. The September FOMC meeting indicated that the Fed believes changes to policy interest rates and the balance sheet are independent of each other. (Cailian Press)

ChainCatcher reports that the LayerZero Foundation has announced on social media that the claiming period for its ZRO token has ended. All unclaimed tokens will be redistributed to wallets that previously claimed the airdrop. However, after the TGE (Token Generation Event), wallets that claimed ZRO but did not engage in any transactions will not receive any further tokens. Additionally, wallets identified as "bots" in the first or second round of audits are ineligible. Wallets that claimed ZRO after the TGE and have used LayerZero at least once are eligible for additional tokens.

## Foresight News: SEC Approves iShares Bitcoin Trust Options Trading on Nasdaq Foresight News reports that the U.S. Securities and Exchange Commission (SEC) has approved the listing of options contracts on BlackRock's iShares Bitcoin Trust (IBIT) on Nasdaq. IBIT options will be settled in physical bitcoin and will be exercised in American style. While the SEC approval is a significant step, the trading of these derivatives still requires approval from the U.S. Office of the Comptroller of the Currency (OCC) and the U.S. Commodity Futures Trading Commission (CFTC) before they can officially launch.

## Chainlink Unlocks 18.75 Million LINK, Mostly Flowing to Binance According to Golden Finance, on-chain analyst Ember has observed that 18.75 million LINK (worth $214.6 million) were unlocked and transferred from five non-circulating supply addresses in the past 5 hours. * 18.125 million LINK (worth $207.5 million) were transferred to Binance. * 625,000 LINK (worth $7.15 million) were transferred to a multi-signature address 0xD50...8Af. Every three months, around 20 million LINK are unlocked from non-circulating supply addresses. Most of it directly flows to Binance, while a small portion goes to the 0xD50...8Af address (which is used to distribute LINK staking rewards). Since 2022, roughly 133.4 million LINK (worth $1.29 billion) have been unlocked and transferred to Binance through this mechanism, with an average transfer price of $9.69. Despite the massive quarterly unlocking and flow of LINK into Binance, it hasn't resulted in significant price drops for LINK after each transfer.

PANews reported on September 21st that OKX's price chart shows BTC briefly dipping below 63,000 USDT, reaching 63,079.9 USDT. The 24-hour price increase has narrowed to 0.47%.

Foresight News reported that CertiK, a Web3 security organization, has been acknowledged by Apple for its engineers' discovery of a critical vulnerability in the Apple Vision Pro MR (mixed reality) headset. This is the sixth time Apple has publicly thanked CertiK, making it the Web3 security organization with the most public acknowledgements from Apple. The issue was identified by CertiK engineers in collaboration with five other computer scientists, revealing how the eye-tracking data of Apple Vision Pro could be exploited to crack sensitive information like passwords, PIN codes, and messages.

ChainCatcher reports that according to on-chain analyst Emberwatch, 18.75 million LINK (worth $214.6 million) were unlocked and transferred from five non-circulating supply addresses in the past five hours. Of these, 18.125 million (worth $207.5 million) were transferred to Binance, and 625,000 (worth $7.15 million) were sent to a multi-signature address, 0xD50...8Af. Every three months, approximately 20 million LINK are unlocked and transferred from non-circulating supply addresses. Most are transferred directly to Binance, while a small portion goes to the 0xD50...8Af address (the LINK sent to this address enters the LINK staking rewards distribution contract, which is used to distribute rewards to stakers). Since 2022, approximately 133.4 million LINK (worth $1.29 billion) have been unlocked and flowed into Binance via this method, with an average transfer price of $9.69. Although a large amount of LINK is unlocked and flows into Binance every quarter, this has not resulted in a significant drop in LINK prices after each transfer to Binance.

## LayerZero ZRO Claim Period Ends: Unclaimed Tokens Redistributed LayerZero announced on X that the ZRO claim period has ended. All unclaimed tokens will be redistributed to wallets that previously claimed the airdrop. **Eligibility for Redistribution:** * **Ineligible:** Wallets that claimed ZRO after the TGE (Token Generation Event) but haven't engaged in any transactions will not receive any further tokens. Additionally, wallets identified as bots in the first or second round of audits are also ineligible. * **Eligible:** Wallets that claimed ZRO after the TGE and have used LayerZero at least once are eligible for additional tokens. **Distribution for Eligible Wallets:** * Eligible wallets will receive a proportional share of the redistributed tokens based on their original ZRO allocation from the TGE. * Tokens intended for zero-transaction wallets (ineligible wallets) after the TGE will be redistributed to eligible wallets proportionally based on the gas fees each user has spent since the TGE. * This means each eligible user will receive their original proportional share plus an additional proportional share of the tokens initially intended for ineligible wallets (based on gas fees paid). * Ensure you claim your additional tokens from the same chain you originally claimed from. Aptos users should claim from their EVM wallet. Any unclaimed tokens within the next 30 days will be transferred to the LayerZero Foundation.

Vice President Harris stated that she is working to secure a second debate with former President Trump. (Cailian Press)

## Whales Market Founder Outlines Compensation Plan and Future Plans for GM On September 21, PANews reported that dexter, the founder of Whales Market, posted on the X platform outlining a compensation plan for GM investors and presale participants, along with further details regarding the project's future, including short-term and long-term plans. dexter stated that the compensation plan will continue until the majority (if not all) presale participants are compensated. The project will continue its operations despite the current situation. **Short-Term Plans:** 1. **Buyback:** To increase liquidity and drive GM's development, the team will begin direct on-chain buybacks. All buyback wallets will be publicly disclosed for transparency. 2. **Additional Airdrop for GM Investors:** A portion of the GM tokens purchased through buybacks will be airdropped to presale participants who sold their GM tokens at a loss or early buyers of GM tokens. Further details will be announced accordingly. 3. **Collaboration with Market Makers to Ensure Liquidity and Trading Volume:** Tier-one market makers have joined the project. **Long-Term Actions:** 1. **Partnership with an Asian Fund/Accelerator:** A soft agreement has been reached with an Asian fund/accelerator heavily invested in the future of Crypto x AI. Due to the current circumstances, they wish to remain private until the team addresses past issues. The partnership details are as follows: - The fund will provide resources and funding for the team to continue developing AI x Crypto products in exchange for equity/shares in the team. - The transaction will only proceed if gm.ai successfully executes the compensation plan and continues developing the gmAI model and new product ideas. - The transaction has a 6-month deadline. - Any income generated in the long run will also be reinvested in the compensation plan. This will naturally translate into value for token holders once the plan is completed. dexter concluded by stating that while FUD regarding the project is not unfounded, directly labeling it a scam with nothing built is completely wrong. The official gm.ai Twitter account will continue to publish product updates, a revised roadmap, and an improved marketing plan.

## Golden Finance reports that according to market data, Simon'sCat (CAT), a meme coin on BNB Chain, has surged 26.2% in the past 24 hours, currently trading at $0.0000437. CAT's market capitalization is currently $294 million, with a fully diluted valuation (FDV) of $353 million. The 24-hour trading volume has reached $173 million.

## Circle CEO Announces IPO Plans and Wall Street Headquarters Move According to Cointelegraph, Circle CEO and founder Jeremy Allaire announced the company is pushing forward with its initial public offering (IPO), aiming for a debut in 2025. Allaire also shared plans to relocate Circle’s headquarters to Wall Street. This news follows Circle's recent integration of its stablecoin with the national banking systems of Brazil and Mexico, allowing businesses in both countries to access USDC through local financial institutions in real-time.

**Circle, the issuer of the stablecoin USDC, is moving forward with its initial public offering (IPO) plans and intends to relocate its headquarters to Wall Street in 2025. The company filed for an IPO in January and is currently awaiting approval from the U.S. Securities and Exchange Commission. Circle recently integrated its stablecoin with the national banking systems of Brazil and Mexico, enabling businesses in both countries to access USDC in real-time through local financial institutions.**

On September 21st, according to market data, the meme coin Simon's Cat (CAT) on BNB Chain surged 26.2% in the past 24 hours, currently trading at $0.0000437. Currently, CAT has a market cap of $294 million, an FDV of $353 million, and a 24-hour trading volume of $173 million.

## BingX Announces Resumption of Withdrawal Services On September 21st, BingX released an announcement stating that withdrawals for BSC chain (including major cryptocurrencies such as USDT, USDC, BTC, ETH, TRX, SOL, etc.) and TRC20 chain USDT withdrawals will be enabled at 08:30 (UTC+8) on September 21st. Due to security audits, some withdrawals may experience slight delays. Your understanding is appreciated. Furthermore, withdrawals for other cryptocurrencies and platform deposit services will be gradually enabled within the next 1-2 weeks. Please stay tuned for further announcements.

## Nasdaq Approved to List and Trade Bitcoin Spot ETF Options **According to Mars Finance, the US Securities and Exchange Commission (SEC) has approved Nasdaq to list and trade Bitcoin spot ETF options.** Nasdaq stated that it will handle Bitcoin ETF options similar to other ETF options, adhering to the same rules and trading procedures. **The SEC's notice stated that "IBIT options will be physically settled with American-style exercise."** This means that the options can be exercised at any time before expiration. **This listing will follow the exchange's initial and ongoing listing standards, which require the underlying securities of listed options to have a substantial amount of outstanding shares, widely held and actively traded.** (financefeeds)

PANews reported on September 21st that according to The Block, analysis suggests the outcome of the November election could be mixed for cryptocurrency. Donald Trump has been vocal about the industry this year, while Kamala Harris has been relatively silent on the topic. VanEck's latest analysis argues that from a Bitcoin perspective, they believe Harris becoming President could be more favorable for Bitcoin than Trump's re-election, as it would accelerate many structural issues driving Bitcoin adoption.

## Whales Market Founder Outlines Compensation Plan and Future Plans for GM Dexter, the founder of Whales Market, posted on the X platform outlining a compensation plan for GM investors and presale participants, along with details about the project's future, including both short-term and long-term plans. He emphasized that this compensation plan will continue until most, if not all, presale participants are compensated. The project will continue operating throughout this process. **Short-Term Plans:** 1. **Buyback:** The team will initiate direct on-chain buybacks to increase liquidity and drive the growth of GM. All buyback wallets will be made public for transparency. 2. **Additional Airdrop for GM Investors:** A portion of the GM tokens purchased through buybacks will be airdropped to presale participants who sold their GM tokens at a loss, or to early buyers of GM tokens. Further details will be released accordingly. 3. **Partnership with Market Makers:** Tier-1 market makers have joined to ensure liquidity and trading volume. **Long-Term Actions:** 1. **Partnership with Asian Fund/Accelerator:** A soft agreement has been reached with an Asian fund/accelerator that heavily invests in the future of Crypto x AI. Due to the current situation, they wish to remain anonymous until the team addresses past issues. The partnership plan includes: * The fund will provide resources and funding to the team for the continued development of AI x Crypto products, in exchange for equity/shares in the team. * The transaction will only occur under one condition: gm.ai successfully executes the compensation plan and continues to develop the gmAI model and new product ideas. * The agreement has a duration of 6 months. * Any revenue generated will be redirected to the compensation plan in the long run. This will naturally translate into value for token holders once the plan ends. Dexter concluded that while the FUD surrounding the project is not unfounded, calling it a scam without anything built is completely inaccurate. The official gm.ai Twitter account will continue to publish product updates, a revised roadmap, and an improved marketing plan.

According to FinanceFeeds, the US Securities and Exchange Commission (SEC) has approved the listing of options on the iShares Bitcoin ETF (IBIT) by BlackRock on the Nasdaq. The derivative product still requires approval from the Office of the Comptroller of the Currency (OCC) and the Commodity Futures Trading Commission (CFTC). Nasdaq stated that the exchange will handle Bitcoin ETF options similarly to other ETF options, adhering to the same rules and trading procedures. The SEC's notice indicates that IBIT options will be physically settled with American-style exercise. This means the options can be exercised at any time before expiration.

On September 21st, according to Farside Investors data, Fidelity's FBTC saw a net inflow of $26.1 million, ARK's ARKB saw a net inflow of $22 million, and Bitwise's BITB saw a net inflow of $15.1 million yesterday.

Montenegro's Ministry of Justice will decide whether to extradite Terraform Labs co-founder Do Kwon to the United States or South Korea after a decision by the country's highest court. In a September 20 notification, Montenegro's Supreme Court said it had forwarded Kwon's case to the Justice Minister after ruling on his request for legal protection. According to the High Court, both South Korea and the U.S. meet the conditions to apply for Kwon's extradition from Montenegro to face criminal charges.

## Mars Finance News, September 21st: According to Farside Investors data, Grayscale's Mini BTC saw a net inflow of $13.4 million yesterday, while Mini ETH saw a net inflow of $2.9 million. Additionally, yesterday's net inflows/outflows for Grayscale's GBTC and ETHE were both $0.

## Bitcoin Price May Rise Due to Divergence with Hash Rate, Reports Coindesk PANews reported on September 21st that, according to Coindesk, a discrepancy between Bitcoin's price and its hash rate, or total network computing power, could lead to a price increase. Historically, these divergences have only occurred a few times in the past three years. In some cases, Bitcoin prices bottomed out during these events, followed by rebounds as the market caught up with the rising hash rate. The hash rate of the Bitcoin network fluctuates based on the number of miners' computers online verifying transactions. Consistent with this pattern, Bitcoin has shown signs of recovery, rising by approximately $9,000, or 15%, since hitting its low on September 6th. This discrepancy between Bitcoin price and its hash rate began forming in July and continued until early September, when the network's computing power reached an all-time high of 693 EH/s on the seven-day moving average, while Bitcoin's price was near $54,000.

According to ChainCatcher, WhaleAlert monitored a transfer of 1,184,201,033 TRX (approximately $179,665,517) from an unknown wallet to JustLend DAO around 11:53 PM Beijing time.

## PANews Reports: William Koo Ichioka Ordered to Pay $31 Million to Victims in Crypto Fraud Case PANews reports, citing The Block, that William Koo Ichioka, 30, has been ordered by a U.S. District Court in Northern California to pay $31 million in restitution to victims and a $5 million civil penalty. In June 2023, the Commodity Futures Trading Commission (CFTC) accused Ichioka of misappropriating cryptocurrencies, including Bitcoin and Ethereum, as well as foreign exchange funds. According to reports, Ichioka used a portion of investor funds to invest in startup stocks, digital asset commodities, and forex trading. However, he also commingled participant funds with his own and used the money for personal expenses including rent, restaurants, bars, rideshares, gym memberships, and luxury vehicles.

According to Golden Finance, WhaleAlert has tracked a transfer of 1,184,201,033 TRX (worth approximately $179,665,517) from an unknown wallet to JustLend DAO at around 23:53 Beijing time.

## Ethereum Surges 11.7% to Three-Week High, Driven by Rising Futures Open Interest **PANews, September 21** - According to a report by Cointelegraph, Ethereum's price jumped 11.7% between September 17 and 19, reaching a three-week high of $2,572. This price surge aligns with the increase in Ethereum futures open interest, reflecting the total number of contracts on derivatives exchanges. Ethereum futures open interest surged to 4.66 million ETH on September 19, its highest level since January 2023, indicating strong demand for leveraged positions. Consequently, traders have begun to express concerns that heightened leverage could amplify potential price fluctuations. The recent ETH price increase echoes the broader cryptocurrency market's 8.3% rise, fueled by US interest rate cuts and robust labor market data. This momentum also propelled the S&P 500 index to a new all-time high on September 19. Lower interest rates reduce the cost for companies to issue new debt, alleviating fears of a potential stock market correction.

According to Golden Finance, data shows that $142 million in liquidation occurred across all exchanges in the past 24 hours. Of this, $70.65 million came from long positions and $71.56 million from short positions.

According to Golden Finance, the price of AR has fallen below $20, currently trading at $19.99. This represents a 1.16% increase over the past 24 hours. However, the market is experiencing significant volatility. Please exercise caution and implement appropriate risk management measures.

## 21:00-7:00 Keywords: Do Kwon, Circle, Ethereum Foundation 1. Do Kwon extradition case returns to the Montenegrin Minister of Justice. 2. Circle is actively pursuing its 2025 IPO plans. 3. US SEC approves iShares Bitcoin ETF options for trading on Nasdaq. 4. Bitcoin mining addresses dormant for nearly 16 years awaken, containing 250 BTC. 5. ETH/BTC exchange rate climbs back above 0.04, up 4.02% in 24 hours. 6. Federal Reserve Governor Bowman: Significant rate cuts could be seen as prematurely declaring victory over inflation. 7. Ethereum Foundation has sold a total of 3466 ETH this year. 8. Litecoin: circulating supply reaches 75 million coins, with approximately 9 million remaining to be mined.

## Montenegro Court Refers Do Kwon's Extradition to Justice Minister The Golden Finance news agency reports that Montenegro's Supreme Court has decided to refer the extradition case of Do Kwon, co-founder of Terraform Labs, to the Montenegrin Minister of Justice for a decision on whether to extradite him to the United States or South Korea. The court determined that both the US and South Korea have met the extradition requirements. Kwon faces charges related to the collapse of the Terra ecosystem in 2022, an event that triggered a wave of cryptocurrency company bankruptcies. Kwon's whereabouts were unknown until he was apprehended in Montenegro in 2023. Montenegrin authorities arrested Kwon for using forged travel documents and sentenced him to four months in prison. Since his release, his legal proceedings have continued. It remains unclear whether the Montenegrin Minister of Justice will have the final say on Kwon's extradition. In April, a ruling by then-Minister Andrej Milović was appealed by Kwon's legal team. Milović has since been replaced by Bojan Božović. In the United States, Kwon and Terraform Labs have been found liable for defrauding investors and ordered to pay approximately $4.5 billion in fines and restitution. Terraform filed for bankruptcy protection in January and received approval for a liquidation plan in September. Meanwhile, South Korean authorities have brought charges against several individuals associated with Terraform, further intensifying focus on Kwon's case.

According to Golden Finance, US short-term interest rate futures rose as Federal Reserve Governor Waller hinted that the risk of inflation rising was too low, reflecting increased bets on further Fed rate cuts.

According to Golden Finance, Matthew Sigel, Director of Digital Asset Research at VanEck, and Nathan Frankovitz, a Digital Asset Investment Analyst, stated in a report that the outcome of the November election could have mixed results for cryptocurrencies. VanEck wrote, "However, from a purely Bitcoin perspective, we believe that a Kamala Harris presidency may be more favorable to Bitcoin than a Trump re-election, as in our view, this would accelerate many of the structural issues that drive Bitcoin adoption, and if this occurs, Bitcoin’s unique regulatory transparency may make it more competitive than other digital assets." However, according to VanEck's latest analysis, if Trump secures a second term, the entire crypto industry will benefit. The analysts said, "We believe that a Trump presidency is generally positive for the overall crypto ecosystem as it may lead to further deregulation and business-friendly policies — perhaps especially for crypto entrepreneurs, who have been subject to increasing scrutiny from regulators over the past four years."

According to Golden Finance, data from The Block shows that the number of active addresses on Avalanche's C-Chain has plummeted to a 12-month low of 31,000, similar to levels seen in October 2023. The network's active addresses peaked at 99,000 in December 2023, meaning user activity is down nearly 70% from its December high. Analysts suggest the decline in active addresses could be attributed to several factors, including the overall market downturn, intensified competition from other Layer 1 and Layer 2 solutions, and cooling speculative interest.

CertiK, a Web3.0 security firm, announced on September 20, 2024, that its engineers received an acknowledgment from Apple for discovering a critical vulnerability in the Apple Vision Pro MR (mixed reality) headset. This is Apple’s sixth public acknowledgment of CertiK’s work. The issue, found jointly by CertiK engineers and five other computer scientists, revealed how eye-tracking data on the Apple Vision Pro could be exploited to crack sensitive information such as passwords, PIN codes, and messages.

According to a report from Golden Finance, an insider has revealed that OpenAI has secured a 31.5 million square foot lease for an expansion of its San Francisco campus.

Gold Finance reports that the U.S. Securities and Exchange Commission (SEC) has approved the listing of options products for the iShares Bitcoin ETF on Nasdaq. Trading of this derivative product still requires approval from the U.S. Office of the Comptroller of the Currency (OCC) and the U.S. Commodity Futures Trading Commission (CFTC).

According to Golden Finance, Whale Alert has monitored the transfer of 8,374,998 LINK tokens from an unknown wallet to Binance within the last hour.

## Circle Pushes for 2025 IPO and Wall Street Headquarters Circle, the stablecoin issuer, is actively pursuing its plans for an Initial Public Offering (IPO) on Wall Street in 2025 and aims to relocate its headquarters there. The company filed an IPO application with the US Securities and Exchange Commission in January, awaiting approval. To strengthen the market position of its stablecoin, USDC, Circle recently integrated USDC with national payment systems in Brazil and Mexico. This allows businesses in these countries to access USDC through local financial institutions in real-time, eliminating the need for international wire transfers and accelerating cross-border transaction settlements. Despite Circle's expansion efforts, its market share remains challenged by Tether (USDT), which currently holds over 70% of the market, compared to USDC's 20%. Meanwhile, Tether has bolstered its government affairs team by hiring Jesse Spiro, former head of regulatory relations for PayPal's blockchain business. Circle's initiatives aim to enhance its competitiveness in the stablecoin market, especially within the rapidly developing digital dollar ecosystem.

Gold Finance reported that Bank of America strategists Mark Cabana and Katie Craig stated in a report that the bank now expects the Federal Reserve to end its balance sheet reduction by the end of March 2025, compared to their previous forecast of December 2024. This change is attributed to the limited discussion among policymakers about their policies. The September FOMC meeting suggests that the Fed views changes in policy interest rates and the balance sheet as independent of each other.

"According to Golden Finance, US Vice President Harris has stated that she is working to secure a second debate with former President Trump."

#### Decrypt’s Art, Fashion, and Entertainment Hub. --- [Discover SCENE](/scene)Many Bitcoiners have their fingers crossed that crypto\-friendly Donald Trump will win the U.S. Presidential election in November. The former president has [painted himself](https://decrypt.co/240580/donald-trump-bitcoin-evolution-timeline-president) as the [Bitcoin](https://decrypt.co/resources/what-is-bitcoin-four-minute-instant-guide-explainer)\-loving candidate, after all.  But what if Democratic candidate Kamala Harris is the better overall option for the [orange coin](https://decrypt.co/resources/what-is-bitcoin-four-minute-instant-guide-explainer)? That’s an idea VanEck analysts floated in a report this week.  Their reasoning is that a Harris presidency would continue the current economic policies that they believe would weaken the U.S. dollar and push Bitcoin adoption.  ADADThe two analysts argued in July that major world economies could turn to Bitcoin as a result of noticing the “endemic flaws” of fiat currencies. The Democrat in the White House would be unlikely to cure the current financial problems, in their view. “We would argue that a Kamala Harris presidency might be even better for Bitcoin than a second term for Trump because it would, in our view, accelerate many of the structural issues that drive Bitcoin adoption in the first place,” the Thursday report by Matthew Sigel and Patrick Bush [argued](https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-vaneck-mid-september-2024-bitcoin-chaincheck-1-year-review-edition/#impact-of-election).  They added that “as inflation and currency devaluation continue challenging fiat monetary systems, Bitcoin can serve as a vital hedge.” The two went on to say that Trump would be better for the digital asset ecosystem as a whole, not just Bitcoin on its own. “Conversely, we believe a Trump presidency is generally bullish for the entire crypto ecosystem, as it would likely produce more deregulation and business\-friendly policies—perhaps particularly so for crypto entrepreneurs, who regulators have increasingly scrutinized in the past four years,” the report read.  ADADEx\-President Donald Trump [used to call](https://decrypt.co/72939/bitcoin-seems-like-scam-former-us-president-donald-trump) the crypto space a “scam,” but has since embraced [NFTs](https://decrypt.co/209514/donald-trump-selling-more-nfts-original-sets-crashing-again), [Bitcoin](https://decrypt.co/242027/never-sell-your-bitcoin-trump-us-strategic-stockpile), and has even [launched](https://decrypt.co/249749/donald-trump-launches-world-liberty-financial-project-token-details) his own upcoming decentralized finance (DeFi) project called World Liberty Financial. Just Wednesday, the Republican candidate [used Bitcoin](https://decrypt.co/250218/bitcoin-boosters-get-trump-buy-burgers-btc) to pay for burgers at the PubKey bar in New York City. “It’s the beginning of a new era,” he said after using the technology.  Vice President Harris, on the other hand, has said very little about the crypto industry. Some bigwigs in the industry—like billionaire entrepreneur [Mark Cuban](https://decrypt.co/241214/mark-cuban-says-kamala-harris-far-more-open-crypto-biden)—have hinted that her campaign is taking more of an interest in crypto, but the Democratic candidate has yet to make her views or plans public. *Edited by [Andrew Hayward](https://decrypt.co/author/andrew-hayward)* ### Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more.Your EmailGet it!Get it!

According to Golden Finance, Black Forest Labs, a startup developing generative AI image models, is raising $100 million at a $1 billion valuation, sources said. While investor names are still unknown, one source indicated Lightspeed might be involved. It's worth noting that this deal is not final and could still change.