OKX market data shows that BTC has broken through 115,000 USDT and is currently trading at 115,019 USDT, a 24-hour increase of 0.97%. (This newsletter is generated by AI)

According to CME's "Fed Watch," the probability of a 25 basis point rate cut in September is 93.9%, and the probability of a 50 basis point cut is 6.1%. The probability of a cumulative 25 basis point rate cut in October is 7.6%, the probability of a cumulative 50 basis point cut is 86.8%, and the probability of a cumulative 75 basis point cut is 5.6%.

Ueno Bank, Paraguay's largest bank, announced the implementation of quantum-resistant electronic signatures and tamper-proof timestamps, marking the first implementation of post-quantum security technology into a production environment. The bank, based on the QANplatform's quantum-resistant Layer-1 hybrid blockchain and combined with the SignQuantum signature extension, provides a mathematically verifiable, unalterable record for electronic documents and business records. This initiative complies with the post-quantum cryptography standards spearheaded by the U.S. National Institute of Standards and Technology (NIST) and provides a replicable model for the financial industry to mitigate the risks of future quantum computing cracking. Industry insiders claim this is the first bank in the world to deploy this combined technology at production scale, establishing a "quantum-safe" paradigm for financial institutions in Latin America and globally.

Coinbase analysts say the cryptocurrency bull market still has room to continue into the fourth quarter. The report notes that strong market liquidity, a favorable macroeconomic environment, and positive regulatory signals will continue to support the market. Although Bitcoin has often experienced declines in September in the past, this seasonal pattern has not reappeared in 2023 and 2024, making it statistically insignificant. Coinbase emphasizes that the more important factor is the holdings of digital asset treasuries (DATs). Currently, publicly disclosed treasuries hold over 1 million BTC (approximately $110 billion), 4.9 million ETH ($21.3 billion), and 8.9 million SOL ($1.8 billion), providing solid support for prices. Coinbase also notes that the return of retail investors may signal the arrival of an "Alt Season." Against the backdrop of a stable macroeconomic environment and continued capital inflows, large crypto assets will continue to benefit, while smaller tokens may face consolidation pressure.

According to market sources, the Depository Trust & Clearing Corporation (DTCC) has listed the Fidelity Solana ETF (FSOL), the Canary HBAR ETF (HBR), and the Canary XRP ETF (XRPC). While this does not indicate any regulatory approval or a definitive outcome of the approval process, listing on the DTCC website is a "standard procedure" for launching new ETFs.

According to five Republican officials, Republican leaders are planning a House vote next week on a stopgap spending bill to extend government funding until November 21st—the Friday before Thanksgiving. House Appropriations Committee Chairman Rep. Andrew Cole confirmed Thursday that a vote would take place next Monday, advancing a measure that Democratic leaders have signaled they will veto. "We can do it," Cole said. "We're close. But it's also going to be difficult to get done in the short time we have because I'm probably going to have to get it done by the end of next week." If the stopgap funding bill passes the House, Senate Republicans could also put it on the table next week. The November 21st date has not yet been finalized.

Citing sources at the U.S. Treasury Department, CNBC reported that Treasury Secretary Benson met with Warsh, Lindsay, and Bullard this week as the selection process for the next Federal Reserve chair continues. Bessant is waiting for the Fed's quiet period to end before speaking with current Fed officials. Bessant favors a long-term balance sheet reduction.

Following the success of its Bitcoin ETF, BlackRock plans to tokenize its funds that own real-world assets and stocks and put them on the blockchain.

European Central Bank policymakers are confident they can achieve 2% inflation without further rate cuts, even though new economic forecasts show inflation below 2% for the next two years, according to people familiar with the matter. Unless the eurozone suffers another major shock, borrowing costs will remain at current levels for some time, the people said. While a rate cut at the October meeting is all but ruled out, December will be an opportunity for a reassessment as new quarterly forecasts will include 2028, the people said. An ECB spokesman declined to comment.

According to Lookonchain, Galaxy Digital is assisting Forward Industries in acquiring $1.65 billion worth of Sol. In the past 12 hours, Galaxy Digital withdrew 1,452,392 Sol (valued at $326 million) from the exchange. On September 8th, Forward Industries, Inc. (NASDAQ: FORD) announced that it had raised $1.65 billion in cash and stablecoin subscriptions through a private public equity (PIPE) round. Galaxy Digital, Jump Crypto, and Multicoin Capital led the investment to launch a digital asset treasury strategy centered around Solana.

Solana’s DAT narrative is not just a copy of the “micro-strategy” model of BTC, Ethereum, and other Altcoins.

Hong Kong authorities have arrested two technicians for allegedly operating a covert cryptocurrency mining setup that siphoned electricity and internet access from care homes for the disabled, causing monthly power bills to surge by as much as HK$9,000.

Can equity tokens from centralized issuers truly be decentralized? Will crypto take over Wall Street, or will Wall Street take over crypto?

Sam Bankman-Fried will appeal his 2023 FTX conviction on seven felony counts, with a hearing set for 4 November. His team argues the trial was unfair and customer funds were misrepresented, but overturning the 25-year sentence will be difficult given the evidence.

China is moving to impose strict restrictions on its state-owned enterprises (SOEs) and banks operating in Hong Kong, in a move that could significantly reshape the city’s budding stablecoin sector.

The first US Dogecoin ETF, DOJE, is set to launch, giving institutional investors regulated access to the meme coin through a Cayman Islands subsidiary and derivatives. The move sparks debate, with critics calling it high-fee speculation while supporters say it shows crypto communities can push tokens into mainstream financial structures.

OpenSea has doubled its trading fees from 0.5% to 1% ahead of the SEA token launch, with half of the fees going into a $1 million NFT and token rewards pool. The platform also unveiled a high-value NFT vault and new cross-chain mobile tools to boost user engagement and prepare for the token’s October release.

A surge of activity on the decentralized prediction platform Polymarket indicates that former Binance CEO Changpeng Zhao could be the most likely candidate to receive a presidential pardon from Donald Trump in 2025.

Coinbase predicts that the crypto market will strengthen in the early fourth quarter of 2025 due to resilient liquidity, favorable macroeconomic background and supportive regulatory dynamics, among which Bitcoin is expected to perform outstandingly.

Hong Kong has the conditions to become a leader in the development of global stablecoins, but this requires wise decision-making, innovative supervision and entrepreneurial spirit.