OKX market data shows that BTC has fallen below 112,000 USDT, currently trading at 111,999.9 USDT, a 24-hour drop of 0.44%. (This newsletter was generated with AI assistance.)

CZ responded to the Financial Times report on social media, calling it false and fabricated information. He emphasized that YZi Labs has not sought external funding and has not solicited or held discussions with any investors since its rebranding. The project has never produced or presented a pitch deck, nor does it have a so-called "demo." Furthermore, YZi Labs is not a spinoff from Binance. He further clarified that he pleaded guilty only to failing to maintain adequate anti-money laundering (AML) compliance procedures, not to "money laundering" as the media has alleged. The two are completely different. He stated that traditional media outlets are deliberately confusing "regulatory failure" with "theft." The founder also pointed out that the FT attempted to elicit a positive response through a lunch interview, but the resulting report did not meet the promised content, raising questions about the FT's ethics.

Federal Reserve Chairman Powell said the impact of tariffs on consumer inflation is "not a major factor" and expects the tariffs to be a one-time transmission effect that will end by the end of next year.

According to market news: The White House is considering nominating Josh Sterling as Chairman of the U.S. Commodity Futures Trading Commission (CFTC). Josh Sterling, formerly Director of the CFTC's Market Participants Division, is competing against competitors including Brian Quintenz, Director of Crypto Policy at a 16z; CFTC Commissioners Summer Mersinger and Caroline Pham; Perianne Boring, Founder and CEO of Digital Chamber; and Jill Sommers, former CFTC Commissioner.

Federal Reserve Chairman Powell stated that if policy is not in the right place, action will be taken to adjust it. The Fed is paying attention to financial markets, but our focus is on a dual mandate. Before the next meeting, we will monitor the labor market, growth data, and inflation data to determine whether policy is in place. (Jinshi)

Nick Timiraos, the "Federal Reserve's Voice," recently wrote: Federal Reserve Chairman Powell said that even after last week's rate cut, he still believes the Fed's interest rate stance "remains slightly tight," suggesting that there is room for more rate cuts this year if officials continue to judge that recent labor market weakness outweighs inflation setbacks. Powell largely reiterated the views he expressed at the press conference following last week's rate cut. He emphasized the challenges the Fed faces in achieving its twin goals of maintaining low and stable inflation and promoting a healthy labor market. "Two-way risks mean there is no risk-free path," Powell said. "Cutting rates too much, too quickly could keep inflation close to 3% rather than the Fed's 2% target, while maintaining a restrictive policy stance for too long could unnecessarily weaken the labor market." Powell also reiterated his view that slowing job growth this summer necessitated last week's policy shift to focus more on the labor market than earlier this year. The slightly tighter rate setting puts the Fed in a good position to respond to potential economic developments. (Jinshi)

Federal Reserve Chairman Jerome Powell said the Fed is "in a good position" after the September rate cut, and the overall impact of major federal policy changes "remains to be seen." (Jinshi)

Federal Reserve Chairman Powell said that the policy stance remains moderately tight and is well-positioned to respond to potential developments. Inflation remains at a high level, and the interest rate cut is another step towards a more neutral policy stance. (Jinshi)

Crypto journalist Eleanor Terrett posted on the X platform that multiple sources on Capitol Hill agree that the September 30th deadline originally targeted by Republicans on the Senate Banking Committee for revising the Market Structure Act is now effectively impossible. Democrats have yet to provide feedback on the bill, stating they want to agree on a process before beginning negotiations on the details. The impending US government shutdown is reportedly making a meeting on the 30th virtually impossible. A possible new target date is the week of October 20th, but this has not yet been determined.

Market data shows that the XPL contract price briefly surpassed $0.80, currently trading at $0.811, a 24-hour increase of nearly 15%, likely due to Plasma's launch of a stablecoin-native financial application. This follows news that Plasma announced the launch of Plasma One, a stablecoin-native financial application that supports direct payments from stablecoin balances while earning over 10% in returns, focusing on markets with the highest demand for US dollars.

How can Trump legally and quickly gain control of the Federal Reserve by the first half of 2026? And then start printing dollars? What does this mean for BTC?

The development of technology always breeds the power of change. The emergence of blockchain allows us to see the possibility of decentralization of power.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

Cross-border internet brokerages Futu Securities and Tiger Brokers have recently further tightened account opening restrictions for mainland Chinese residents. In accordance with the latest regulatory requirements, the two brokerages have significantly raised the account opening threshold, basically closing the account opening channels for ordinary mainland residents.

Billions of dollars are up for grabs, but the ultimate return is only about four cents, which is the annual return generated by every dollar of U.S. Treasury bonds.

In September 2025, former Binance CEO Changpeng Zhao publicly supported the decentralized perpetual exchange ASTER, whose token soared 400% within the week and was seen as a challenge to the leading project Hyperliquid.

Hyperliquid's upcoming massive token unlocking has caused market concerns.

The U.S. Treasury recently took a key step toward formalizing the Guidance and Establishment of a United States Stablecoin National Innovation Act (GENIUS Act) into a formal regulatory framework.

With the participation of traditional financial institutions around the world, the on-chain demand for government bond assets is both real and growing rapidly.

South Korean crypto exchange Bithumb has inked a strategic partnership with World Liberty Financial (WLF), a Trump-affiliated crypto venture, signaling its intent to expand its global footprint in decentralized finance (DeFi).