A mysterious entity has accumulated a position of 21,520 ETH over 5 days, worth $55.8 million, with an unrealized profit of $3.253 million

Odaily News: Coinbase CEO Brian Armstrong said on the Money Rehab podcast that what users earn from holding USDC is a "reward" rather than bank interest, and Coinbase defines it as a loyalty rewards program. Coinbase's official materials also describe USDC Rewards as a loyalty program funded by Coinbase, and state that USDC balances are not bank deposit accounts.Armstrong argues that stablecoins use a full-reserve mechanism, which is fundamentally different from the fractional-reserve model of banks, and therefore should not be subject to the same capital, liquidity, and FDIC insurance requirements. He also stated that regardless of whether it comes through congressional legislation or rules crafted by the SEC and CFTC, regulatory clarity for crypto in the United States will ultimately arrive. Previously, the U.S. Senate failed to advance the CLARITY Act, and regulatory focus has since shifted more toward the SEC and CFTC.

Odaily News: Uniswap team member niko posted that after Robinhood Chain's recent large-scale innovation drove the market upward, other chains began copying its ecosystem projects, while some KOLs and venture capital firms continued to claim that Robinhood Chain is declining and guided users toward similar projects on other chains. Robinhood Chain's current daily trading volume still exceeds $1 billion, and its stock token trading scale is also growing.

Odaily News: On September 21, Hyperliquid burned 44,840 HYPE at an average buyback price of $93.75, worth $4.24 million.

Odaily reports that X Business posted on X platform, announcing the launch of the Cashtag Partners program, which connects financial information and trading features for stocks and crypto assets. Partners in the program include Kraken, moomoo, Gemini, Interactive Brokers, and Coinbase, allowing users to more easily connect financial discussions on the platform with trading features.

Odaily News: According to on-chain data, trader Loracle shorted CASHCAT two days ago with a position size of approximately $7.1 million. The position was previously down as much as $1.4 million, but has now turned to a floating profit of $194,000.Loracle's current short position accounts for approximately 4.4% of CASHCAT's total supply.

Odaily News: According to EmberCN monitoring, Garrett Jin, the agent of the "BTC OG Insider Whale," closed a 500 BTC short position 10 minutes ago, earning $80,000. The address opened a 3x leveraged short position at an average price of $85,994 early this morning, and then closed it at an average price of $85,831.Garrett Jin also closed a BTC long position worth $112 million last night, earning $8.38 million.