Headlines
Fortune: CZ will be released early today. His lawyer said he is unwilling to be interviewed.
Fortune reported that CZ will be released early this Friday, two days earlier than his official release date, because if the release date coincides with the weekend, the prisoner will leave the detention center early. CZ has been in federal detention since April after agreeing to return to the United States from Dubai. During this period, CZ spent about two months in a minimum security prison in the California desert and was then transferred to a halfway house in Long Beach, where he can go out for supervised activities and even go to the cinema, according to prison officials. CZs lawyer said CZ hopes not to be interviewed on the day of his release.
Market News: US SEC Chairman Gary Gensler says Bitcoin is not a security
According to Watcher.Guru’s disclosure on the X platform, Gary Gensler, chairman of the U.S. Securities and Exchange Commission, said in an interview with CNBC that Bitcoin is not a security. In addition, Gary Gensler also said that for the crypto industry, not liking rules is different from not having rules.
Mawari Network, a Solana decentralized physical infrastructure network (DePIN) project focusing on spatial computing, has completed a strategic financing of US$10.8 million. This round of financing was jointly led by Anfield Ltd, Borderless Capital and 1kx, with participation from Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, Samsung Next and others. Following the US$6.5 million financing in February 2023, this round of strategic financing brings Mawaris total financing to US$17.3 million.
Cyvers Alerts: Suspicious transactions involving Onyx detected, losses may have reached $3.2 million
According to a post by Cyvers Alerts on the X platform, suspicious transactions involving Onyx were detected on the Ethereum blockchain, and the current loss may have reached $3.2 million, mainly VUSD. The attacker currently holds 521 ETH, worth about $1.36 million, and the rest of the digital assets have not been transferred. Last night, VUSD de-anchored and fell to $0.6599, a 1- hour drop of 34.2%.
Industry News
Japans Financial Services Agency (FSA) has said it is ready to reform the countrys crypto gaming regulations. The FSA will also discuss the creation of a system that will make it easier for businesses to handle crypto assets. A working group at the FSA will work on amending the existing Payment Services Act. These reforms could make it easier for businesses to handle crypto assets in games, thereby encouraging more large domestic companies to enter the blockchain gaming sector. (Nikkei)
In most countries, crypto activity is growing at widely varying rates across the transaction size spectrum. But the United Arab Emirates (UAE) is an exception, with growth across all sizes, indicating a “balanced and well-rounded adoption landscape” in the country, according to a recent Chainalysis report.
Chainalysis highlighted that the UAE received more than $30 billion in cryptocurrencies between July 2023 and June 2024, ranking among the top 40 countries in the world. It added that the growth was driven by a variety of factors, including regulatory innovation, institutional interest, and expanding market activity.
Cryptocurrency received through small and large retail investor activity (transaction sizes below $ 1,000 and between $ 1,000 and $ 10,000 , respectively) increased by more than 75% year-over-year.
According to SoSoValue data, yesterday (September 25, EST), the total net inflow of Bitcoin spot ETFs was $106 million. Yesterday, the Grayscale ETF GBTC had a daily net outflow of $0.00, and the current historical net outflow of GBTC is $20.109 billion. The Grayscale Bitcoin Mini Trust ETF BTC had a daily net outflow of $0.00, and the current historical total net inflow of Grayscale Bitcoin Mini Trust BTC is $419 million.
According to SoSoValue data, yesterday (September 25, EST), the Ethereum spot ETF had a total net inflow of $43.2341 million. Yesterday, Grayscales Ethereum Trust ETF ETHE had a daily net outflow of $0.00, and the current historical net outflow of ETHE is $2.849 billion. Grayscales Ethereum Mini Trust ETF ETH had a daily net inflow of $26.6288 million, and the current historical total net inflow of Grayscale Ethereum Mini Trust ETH is $292 million.
Project News
Telegram Wallet: Wallet operations are now back to normal
Telegram Wallet posted in the channel that the wallet business has now returned to normal. Earlier news reported that Telegram Wallet suspended its services due to the Hamster Kombat airdrop.
Avalanche Launches $40 Million Funding Program Retro 9000
Before the Avalanche 9000 upgrade, Avalanche announced the launch of a $40 million funding program, Retro 9000, which aims to reward developers who build new protocols in the blockchain ecosystem. It is reported that builders and users must register on the Retro 9000 platform to build on Avalanche. Users will receive some voting points based on their activities on the network. (Coindesk)
Sonic is suspected to launch a points event
Sonic Labs (formerly Fantom) officially posted on X, Is anyone ready to win some points? and added the tag #SonicArcade, which seems to indicate that they will launch a points event.
The second season of the blockchain game Tatsumeeko, Lumina Hunt, is now online
The blockchain game Tatsumeeko announced on the X platform that the second season of Lumina Hunt is now online. Invite friends, level up and collect Vabloons to get TATSU token rewards.
Ethena published a post today mentioning the development progress of the DVN slashing framework it is developing in partnership with Symbiotic and LayerZero. Ethena revealed that these modules will be completed in November, when they will be initially promoted together with the Symbiotic mainnet.
The Grass Foundation posted on X: “We sent an official email from no-reply@grassfoundation.io about the deadline for airdrop qualification checkers and wallet connections. All future email updates will come from the grassfoundation.io domain. If you are not sure, you can ask in the Grass community Discord.”
Character*Voice
Hedge fund legend David Tepper said on a show that the Federal Reserve must cut interest rates at least two or three more times to maintain its credibility. In addition, David Tepper also said: I thought the Feds decision to cut interest rates last week would lead to China easing policy, but I didnt expect them to use such a big move. This is a complete change.
Yellen: Fed seems to expect interest rates to fall further
U.S. Treasury Secretary Yellen said that the Fed seems to expect interest rates to fall further. If we continue along this path, interest rates will eventually fall to a neutral level. We hope that the labor market will remain stable if the Fed takes action. The labor market and inflation show that we are on the road to a soft landing. We are thinking deeply about how to enhance liquidity and how to obtain the Feds discount window. (Jinshi)
CryptoQuant CEO: Bitcoin spot ETF demand rebounded, 30-day total holdings net change turned positive
CryptoQuant CEO Ki Young Ju posted on X that the demand for Bitcoin spot ETFs rebounded, and the net change in total holdings in 30 days turned positive.
