OKX market data shows that ETH has broken through 4,000 USDT and is currently trading at 4,000.81 USDT, a 24-hour increase of 2.56%. (This newsletter was generated with AI assistance)

Federal Reserve Board Governor Bowman said the Fed should seek to achieve the smallest possible balance sheet size and comprehensively reform its monetary policy implementation mechanism. Bowman said: "In the long run, I tend to maintain the smallest possible balance sheet, so that the reserve balance is close to the scarce level rather than the abundant level." Bowman believes that returning to the Fed's mechanism of actively managing the balance sheet will better reflect market pressures and operational problems. Bowman said: "Allowing moderate fluctuations in the money market can enhance our understanding of the market clearing point." She also said that she supports the Fed's balance sheet holding only Treasury bonds, with a slightly shorter maturity, rather than completely consistent with the maturity structure of the overall market. She said this would give the Fed greater flexibility. Bowman added that the Fed should consider actively selling its mortgage-backed securities (MBS). (Jinshi)

Federal Reserve Board Governor Bowman: The Federal Reserve FOMC should now take decisive and aggressive action to address the weakening vitality of the labor market and emerging signs of fragility. (Jinshi)

Federal Reserve Board Governor Bowman: Strongly supports the Fed holding only Treasury bonds. (Jinshi)

DoubleZero announced that its mainnet will launch on October 2nd. DoubleZero is reportedly committed to building a global private fiber-optic network to improve blockchain data transmission efficiency and reduce latency. Previously, in March 2025, the DoubleZero Foundation received $28 million in investment, led by Dragonfly and Multicoin Capital, at a valuation of $400 million.

OKX market data shows that SOL has broken through 200 USDT and is currently trading at 200.02 USDT, a 24-hour increase of 0.61%. (This newsletter is generated by AI)

According to the U.S. Department of Labor's operational contingency plan released earlier this year, the September employment report, originally scheduled for release next Friday, will face delays if a federal government shutdown occurs. The exact scope of the shutdown's impact is currently unclear because most government agencies, including the Bureau of Labor Statistics, which compiles the monthly employment report, have not yet publicly updated their contingency plans—these agencies will operate under these contingency plans if Congress fails to pass a spending bill by next Tuesday. A plan updated by the Department of Labor in March of last year stated that in the event of a shutdown, all data collection and scheduled data releases would be suspended. If the government shutdown continues and the Bureau of Labor Statistics data is delayed, the Federal Reserve will miss several key employment and inflation economic data before its next policy meeting on October 28-29, which will undoubtedly increase the risks of policy making. (Jinshi)

According to Bloomberg, SoftBank and ARK are in talks to participate in Tether's major funding round. Tether, the world's largest stablecoin issuer, is seeking to raise up to $20 billion at a $500 billion valuation. The deal could elevate Tether to one of the world's most valuable private companies, alongside OpenAI and SpaceX. Tether hopes to raise $15 billion to $20 billion in a private placement, representing approximately a 3% stake in the company. Negotiations are in the early stages. Tether's closest competitor, Circle, has a market capitalization of approximately $30 billion. Tether's USDT, with a market capitalization of $172 billion, is the largest stablecoin, while Circle's second-largest stablecoin, USDC, has a market capitalization of approximately $74 billion.

According to a post from SolanaFloor, Canary has submitted an updated version of its S-1 application for the Canary Marinade Solana ETF.

According to Lookonchain monitoring, two whales deposited 277,000 SOL worth US$54.23 million into the exchange in the past three hours.

"Derivatives are the holy grail of DeFi." As early as 2020, the market has reached a consensus that on-chain perp protocols are the ticket to the second half of DeFi.

Plasma is a new Layer 1 layer built specifically for the circulation of stablecoins. Just as TCP/IP made the Internet a global information center, Plasma's goal is to enable stablecoins to become a global payment platform.

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.

South Korean internet giant Naver's acquisition plan for Dunamu, the parent company of Upbit, South Korea's largest cryptocurrency exchange, can indeed be seen as a strategic layout centered on the dominance of the Korean won stablecoin.

The "market dividend" given to Ethereum and Tron has been recovered, and the business model has made a major leap from a stablecoin issuer to a global payment infrastructure.

Has the four-year cycle become obsolete? The launch of spot Bitcoin and Ethereum ETFs marks a significant turning point.

ChatGPT has already become one of the most accessible tools for our work, love advice and even mental health; but now, even everyday traders, and crypto investors are already leaning in on the use of AI. A Finder survey shows that nearly 15% of traders use AI for crypto tips—and that number is climbing fast. Now, with OpenAI’s launch of ChatGPT Pulse, staying ahead of the market may be about to get much easier.

Canada’s regulator FINTRAC has fined crypto exchange KuCoin \$14 million for failing to register properly and not reporting nearly 3,000 large transactions between 2021 and 2024. KuCoin disputes the fine and has appealed, while continuing to expand internationally, including a new partnership in Thailand for a blockchain-based bond program.

Elon Musk’s company xAI has sued OpenAI, claiming it stole trade secrets by poaching engineers and taking confidential code and techniques. xAI is seeking damages and orders to remove the stolen materials, while the case highlights a legal battle over employee recruitment and intellectual property.

For months, speculation has swirled that a yuan-pegged stablecoin was quietly being launched in Hong Kong, fueling expectations that Beijing could be taking its first subtle step into global digital asset markets.