OKX market data shows that SOL has fallen below 200 USDT, currently trading at 199.99 USDT, a 24-hour drop of 1.66%. (This newsletter was generated with AI assistance)

OKX market data shows that BTC has fallen below 110,000 USDT, currently trading at 109,983.5 USDT, a 24-hour drop of 0.6%. (This newsletter was generated with AI assistance)

Michael Saylor, founder and executive chairman of Strategy (formerly MicroStrategy), posted another Bitcoin Tracker update on the X platform, writing, "Need more orange." His previous Bitcoin Tracker updates were typically followed by the disclosure of Strategy's Bitcoin accumulation data the day after.

U.S. Treasury Secretary Benson said he would not change economic policy based on a single number. Employment data showed that Trump's criticism of the Federal Reserve's slow action was correct, and the revised employment forecast for 2024 could see a decrease of 800,000 jobs. (Jinshi)

Polkadot announced on the X platform that there will be a major launch tomorrow (big launch tomorrow…).

Tether CEO Paolo Ardoino posted on the X platform: "Tether did not sell any Bitcoin, but instead invested part of its Bitcoin reserves into XXI. Tether will continue to invest part of its profits in safe assets such as Bitcoin, gold and land. Tether is a stable company."

Fundamental Global Inc., a Nasdaq-listed Ethereum treasury company, announced that its certificate of amendment to its amended and restated articles of incorporation has been declared effective by the Nevada Secretary of State, officially changing its corporate name to "FG Nexus Inc." Furthermore, the amendment will increase the company's outstanding common stock from 1.3 million to 35.4 million shares to support its continued accumulation of ETH. (Globenewswire)

1. The Trump family issued cryptocurrencies to amass $5 billion in wealth and was criticized by US senators as "big liars"; 2. Blockchain financial technology company Munify completed a $3 million seed round of financing, with Grayscale's parent company DCG participating in the investment; 3. Singapore Police Force: Tether, BTC and ETH were the three cryptocurrencies with the highest fraud losses in the first half of the year; 4. Paxos proposed to launch a stablecoin USDH for Hyperliquiquit, with most of the proceeds used to repurchase HYPE; 5. Japanese Prime Minister Shigeru Ishiba decided to resign; 6. Data: Bitmine's Ethereum holdings are approximately $8 billion, an increase of 124.1% in the past 30 days; 7. CZ: AI companions are a fast-growing field, let's combine them with cryptocurrencies; 8. Japanese Prime Minister Shigeru Ishiba officially announced his decision to resign as President of the Liberal Democratic Party; 9. Bitcoin's market capitalization is close to twice the combined market capitalization of Mastercard and Visa; 10. Viewpoint: A long-term debt cycle may lead to the devaluation of fiat currencies, and Bitcoin may destroy other asset classes.

Binance Research released its September cryptocurrency trend report, noting that the cryptocurrency market cooled slightly in August, with total market capitalization falling 1.7%. Both Bitcoin and Ethereum retreated from their highs. As capital shifted toward altcoins, Bitcoin's dominance further declined to 57.3%, while Ethereum's dominance rose to 14.2%, with corporate funds beginning to flow into Ethereum. Furthermore, September is historically a weak month for the crypto market, so even with market attention focused on a potential Federal Reserve rate cut, the slowdown in the crypto market is likely to continue in the short term.

According to Cointelegraph, Bitcoin (BTC) experienced a slight recovery as it closed the week above $111,000, signaling potential positive momentum. However, traders remain cautious due to significant resistance levels that could hinder further gains. The BTC/USD pair saw a 1% increase, reaching a local high of $111,369, following a dip influenced by U.S. macroeconomic data. Despite this, bulls managed to maintain support at $110,000, which crypto analyst Michaël van de Poppe described as "promising." He noted that establishing a new higher low and holding the $110K support could pave the way for a bullish run if the price surpasses $112K. Market sentiment remains divided regarding Bitcoin's short-term trajectory. Trader Cipher X highlighted the importance of reclaiming the $112,000 level, warning that failure to do so might lead to a decline towards $108,000. Meanwhile, Crypto Tony emphasized the critical nature of the $113,000 mark, suggesting that surpassing it could lead to new highs, whereas rejection might result in a drop to $100,000. TurboBullCapital pointed out the significance of the 50-day and 200-day simple moving averages, located at $115,035 and $101,760, respectively, as crucial levels to monitor. Losing the $107,000 area could target the $101,000 level, aligning with the 200-day moving average, which is considered a logical bounce zone. In a broader context, Cointelegraph reported on a theory involving market makers on exchange order books, suggesting potential manipulation against short sellers and bears. This could precede a significant short squeeze event, propelling the market to new all-time highs, reminiscent of late 2024 price movements. Fibonacci retracement levels indicate a possible maximum drop of 10%, based on historical patterns since the previous year. Trader ZYN noted that Bitcoin typically bottoms at the 0.382 Fibonacci level, which occurred in Q3 2024 and Q2 2025, and is likely to happen again. Currently, this level is around $100,000, implying a worst-case scenario of a 10% decline before a potential 50% rally above $150,000. Readers are reminded that this article does not offer investment advice, and all trading decisions should be made based on individual research and risk assessment.

The "RWA and Stablecoin" roundtable at the first CRYPTO Raver conference brought together early blockchain practitioners, traditional financial executives, real economy operators, policy researchers and other bigwigs.

As of 2025, the holding structure of Ethereum (ETH) is highly centralized, with the top 10 addresses controlling approximately 61% of the circulating supply, but this is mainly dominated by institutions, contracts, and exchanges, rather than individuals.

The August DApp industry report shows that although overall on-chain activity has cooled, several key areas are still showing strong development momentum.

Good news every day may bring excitement, but if the entry threshold remains high, liquidity remains poor, and consensus remains weak, these positive news will have little impact on most people.

This issue reviews Strategy's DAT business-related content for your reference.

This week, 18 blockchain startups raised a total of $508.7 million. AlloyX Limited secured $350 million in a mergers and acquisitions (M&A) round from Solowin, the largest round of the week.

United States, Cryptocurrency, Federal Reserve, The wave of U.S. bankruptcies in 2025 and its profound impact on the economy and markets Golden Finance, In 2025, the U.S. economy is at a critical crossroads.

Recently, Morph, a public chain project under Bitget, announced the cancellation of its original plan to issue new tokens and instead directly adopt BGB (Bitget platform currency) as the public chain token.

On August 29, 2025, Foton Investment Holding issued RMB 500 million offshore bonds in Hong Kong (with a term of 2 years and a coupon rate of 2.62%). The token is named FTID TOKEN 001 (abbreviated as Fubi), marking a milestone in the digitization of state-owned enterprise bonds.

If decentralization dies once it becomes inconvenient, did it ever really exist?