Morning Report | Caixin: HyperLiquid prices Chinese assets, emerging offshore exchanges challenge global financial regulation; BlackRock releases white paper: digital assets connect intelligence, business, and computing
September 23 Market Important Events OverviewCompiled by: ChainCatcher
What important events have occurred in the past 24 hours?
Citigroup: SEC's New Regulations Will Be the Next Observation Point for the Crypto Market
According to ChainCatcher, Citigroup stated in its latest market strategy program that the U.S. Senate's failure to advance the CLARITY Act for formal review has not interrupted Bitcoin's rebound. After the procedural vote on the bill was blocked, Bitcoin remained strong, indicating that funds have begun to reduce their reliance on a single legislative node and are instead focusing on whether regulatory rules can continue to advance. Citigroup believes that legislative obstacles will limit the CFTC's ability to obtain a more comprehensive regulatory mandate for the crypto market in the short term, but the SEC can still advance some rule-making based on its existing authority. For the market, this means that the compliance process in the crypto industry still has room to continue, with future focus shifting to the SEC's actual execution pace regarding trading, tokenized assets, and market access rules. Additionally, the macro environment remains a variable for Bitcoin's rebound. Citigroup's economic team's baseline judgment is that this round of interest rate hikes may be close to "one and done"; however, the quantitative macro team warns that if AI investments continue to support growth and employment and wage pressures persist, interest rates may face further upward revision risks. Citigroup views Bitcoin's rise above the mid-term moving average as a signal of warming risk appetite and notes that its correlation with Nasdaq's performance is worth continued tracking.
CoinRoutes Co-Founder: Bitcoin FOMO Has Not Yet Started, Bank Collateral Discount is Key
According to ChainCatcher, CoinRoutes co-founder Dave Weisberger stated in a video interview with Bitcoin Magazine that the biggest unreleased factor for Bitcoin is not ETFs or corporate hoarding, but the treatment of collateral. He pointed out that banks face a discount of nearly 100% when holding Bitcoin, and once Bitcoin is treated like other assets based on volatility and liquidity, the situation for lending institutions and companies like Strategy Inc (formerly MicroStrategy) will change. Weisberger referred to this adjustment as the "final hurdle" and mentioned that both the Basel Committee and regulators believe this change is inevitable, but it has not yet been fully realized. He also discussed topics such as asset tokenization, Hyperliquid, and Federal Reserve policies, believing that Wall Street is providing support for related directions under the trend of tokenization. He stated that the entry of ETF funds has reduced Bitcoin's volatility; every 25 basis point change in interest rates could add $100 billion to the U.S. fiscal deficit; Bitcoin still possesses asymmetric option characteristics, and the issue of "clean collateral" has not been resolved, so market FOMO sentiment has not truly begun.
21Shares Launches Zcash and Ether.fi ETP in Europe
According to ChainCatcher, European asset management firm 21Shares launched the first physically-backed ETP tracking Zcash on Tuesday at the Paris Euronext and Amsterdam Euronext, allowing investors to gain exposure to ZEC through brokerage accounts without directly holding cryptocurrencies. 21Shares also launched an ETP tracking ETHFI, the governance and utility token of the decentralized finance protocol Ether.fi, which provides staking and other crypto financial services. Both ETPs are physically-backed with an annual management fee of 2.5%, higher than most Bitcoin and Ethereum investment products in Europe. The launch of the Zcash ETP closely follows Grayscale's launch of the Zcash ETF in the U.S., which is listed on the NYSE Arca under the ticker ZCSH. Zcash has recently performed strongly, with prices briefly surpassing $1,500, and a nearly 1,100% increase over the past year, leading to increased market attention as an alternative to Bitcoin. Grayscale's research director Zach Pandl believes that Zcash may benefit from a "latecomer advantage," helping it overcome Bitcoin's entrenched network effects. The popularity of Zcash has also spread to the mining sector. Fortitude Digital Mining told Cointelegraph that the company mined about 28% of the total ZEC in the first half of 2026, based on the network's proof-of-work model, supply cap, and privacy features.
NYSE and Blockchain.com Plan to Explore Tokenized U.S. Stock Trading
According to ChainCatcher, Blockchain.com and the New York Stock Exchange Group (NYSE Group) announced the signing of a memorandum of understanding (MOU), planning to provide Blockchain.com global users with access to trade tokenized U.S. listed stocks and ETFs through the digital ATS platform previously announced by NYSE, pending regulatory approval. The cooperation includes two-way market data distribution: ICE Data Services, a subsidiary of NYSE, plans to distribute Blockchain.com’s crypto market data and analysis to its subscription clients; Blockchain.com will integrate ICE and NYSE exchange data sources to provide real-time stock quotes to over 44 million registered accounts. Citi Institute predicts that the market size of tokenized assets will reach $5.5 trillion by 2030. Tokenized stocks offer advantages such as fragmented ownership, round-the-clock trading, access for global investors, and faster on-chain settlement.
Discrepancies in Central Bank Policies Between the UK and US Widen, Pound Falls to 12-Week Low
According to ChainCatcher, the pound fell to a 12-week low against the dollar due to the Bank of England's cautious stance on interest rate hikes, creating a divergence with the Federal Reserve's tightening policy. The Federal Reserve raised interest rates by 25 basis points last week and hinted at at least one more hike this year, strengthening the dollar. The Bank of England kept rates unchanged last week, causing the pound to drop by as much as 0.6%, reaching a low of $1.326.
CFTC Chairman Selig: The Market Needs to Prepare for Large-Scale Tokenization and 24/7 Trading
According to ChainCatcher, Michael Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that regulators need to prepare for "large-scale tokenization" and adjust existing markets for new technologies such as blockchain and artificial intelligence. Selig made these remarks at a U.S. Treasury market conference held by the New York Fed on Tuesday, stating that developments such as tokenization, on-chain finance, and 24/7 trading could lead to changes in financial markets over the next decade that exceed the sum of the past several decades. Selig noted that the entire Trump administration laid the groundwork for the U.S. market to maintain its global leadership by embracing innovation, encouraging competition, and implementing reasonable regulations. The CFTC will also seek more ways to encourage market participants, exchanges, and clearinghouses to responsibly adopt stablecoins. Over the past year, the agency has issued guidance and sought public input on 24/7 trading in the energy derivatives market; in February, the CFTC included stablecoins issued by National Trust Bank in the list of eligible collateral. Meanwhile, the CFTC's sister agency, the U.S. Securities and Exchange Commission (SEC), released the long-awaited "Innovation Exemption" last week, creating space for on-chain trading of tokenized stocks. After the overall regulatory bill for the crypto industry was blocked in the Senate, both agencies are advancing their respective agendas.
Malicious iOS App FomoPeek Linked to Nearly $580,000 Crypto Asset Theft
According to ChainCatcher, the malicious iOS app FomoPeek has been found to contain multiple kernel exploit modules that can bypass Apple's sandbox and access sensitive wallet data from other applications, and it has been linked to an incident involving nearly $580,000 in stolen crypto assets. Blockchain security firm SlowMist stated that the app was distributed through the Apple App Store. The company noted that the affected versions were released on September 9 and September 12, containing two malicious modules that could gain higher permissions and access Keychain data and files from other applications. The 1.3 version released on September 17 has removed the related malicious components. SlowMist, in collaboration with the OKX security team, discovered that the related attack framework included eight attack methods, supporting iOS versions 12 to 18.7.2 and 26 to 26.1. On-chain analysis shows that a hacker address related to the incident received approximately 580,000 USDT, which was subsequently transferred through multiple addresses and services, with some flowing to FixedFloat, KuCoin, and cce.cash.
Atum Completes $13.5 Million Financing and Launches Open Payment Network
According to ChainCatcher, the open payment network Atum announced its exit from stealth mode and completed $13.5 million in financing, with investors including Variant, PayPal Ventures, Abstract Ventures, Road Capital, Mirana Ventures, First Commit, Credibly Neutral, and strategic advisor Charlie Songhurst. The company connects payment companies, developers, and enterprises through a single coordination layer, does not issue currency, does not operate a blockchain, does not favor specific tracks, and does not hold customer funds. Atum stated that any integrator, developer, or application can submit payment requests, with settlement providers competing in the market to complete payments on supported chains and stablecoins, offering native authorization, revocable payments, and identity capabilities. The sender specifies the content to be sent, and the receiver receives the content they request. The network is incentivized based on transaction volume, targeting issuers, acquirers, payment service providers, card organizations, stablecoin orchestrators, wallets, fintech, and enterprises. Atum supports financial institutions and stablecoin issuers, covering non-agent stablecoin payments and agent-based payments conducted through protocols such as x402 and MPP. Founder and CEO Pete Cooling previously led Visa's crypto product team and served as Visa's representative in the Linux OpenWallet Foundation. The company is now open to builders, with the website at atum.xyz.
Arch Lending Plans to Expand Tokenized Stock Mortgage Business
ChainCatcher reports that cryptocurrency lending institution Arch Lending plans to expand its loan business using tokenized stocks as collateral. Arch co-founder and Chief Revenue Officer Himanshu Sahay stated in Cointelegraph's Chain Reaction podcast that the institution plans to enter this market "soon" and noted the demand for tokenized stock credit. Sahay mentioned that tokenized stocks have grown rapidly over the past year, but loans against such assets remain limited. He expects more lending institutions to enter this market in the future, naming organizations like Superstate, Robinhood, and Securitize that have issued tokenized stocks. Arch has expanded from cryptocurrency to tokenized real-world assets, recently launching loan products backed by Paxos Gold and Tether Gold. However, cryptocurrency still constitutes the vast majority of Arch's existing loan portfolio, with Bitcoin accounting for over 80%. Sahay also indicated that there has been an increase in interest in using XRP as collateral, particularly from U.S. borrowers. Prior to Arch, tokenized stocks had begun to enter the lending market. In February, Ondo Finance launched a DeFi lending market for its two tokenized ETFs through integration with the lending protocol Morpho; in July, Kraken included 10 types of xStocks in its futures and margin collateral; in August, Coinbase's B20 stock went live on Base.
U.S. Republican Senator John Curtis Calls for Investigation into Donald Trump Jr. and Hunter Biden Regarding Cryptocurrency Business
ChainCatcher reports that U.S. Republican Senator John Curtis from Utah has written to Chuck Grassley, Chairman of the U.S. Senate Judiciary Committee, and Dick Durbin, the Minority Leader, calling for an investigation into whether Donald Trump Jr. and Hunter Biden used their presidential family connections for personal financial gain, and requesting subpoenas for both. Curtis pointed out that Donald Trump Jr. had accepted wedding gifts from Russian oligarch Umar Kremlev, actively promoted family-backed cryptocurrency businesses, and served as an advisor to a prediction market platform; the related companies are regulated by the Commodity Futures Trading Commission. Donald Trump stated that his son has refunded the relevant amounts to Umar Kremlev. Curtis also called for an investigation into Hunter Biden's large business dealings with foreign entities and whether the two exploited their relationship with the president to create business value. He mentioned that Joe Biden pardoned Hunter Biden in December 2024, who had previously denied involving his father in business transactions. A week before this investigation call was made public, Senate Republicans failed to secure enough Democratic support to advance the Digital Asset Market Clear Act. Some Democratic senators opposed the bill, citing concerns that Donald Trump was using cryptocurrency businesses for presidential-related benefits; Donald Trump disclosed that he earned $1.4 billion from digital asset-related businesses in 2025.
AI Agency Startup Ema Completes $77 Million Series B Financing, Led by Creaegis
ChainCatcher reports that AI agency startup Ema has completed $77 million in Series B financing, led by Creaegis, with existing investors Accel, Section 32, and Prosus also participating. To date, the company's total financing has reached $140 million, with its valuation more than doubling since the last round of financing in 2024. Ema was founded in 2023 by former Google and Coinbase executive Surojit Chatterjee and former Okta executive Souvik Sen. The company deploys technology called "AI Employee," a system capable of coordinating multiple AI agents to help businesses execute multi-step business processes within existing applications, rather than handling single tasks at a time. It is reported that most of the new funds will be used to expand market operations, as the company had previously focused primarily on product development.
Kalshi Plans to Introduce Cryptocurrency Perpetual Contract Model to U.S. Stock Market: Submits Permanent Securities Futures Listing Standards to SEC
ChainCatcher reports that the U.S. Federal Register today published a rule filing notice from KalshiEX LLC (Kalshi), stating that the prediction market platform has submitted a proposed rule change to the SEC, advocating for immediate effectiveness. The content is to add Chapter 14 to the rulebook to list "Permanent Securities Futures Products" (Perpetual SFPs). The contracts have no fixed expiration date and anchor the contract price near the underlying U.S. stocks or ETFs through periodic funding fees from both long and short parties. Kalshi classifies it as securities futures, planning to clear through its clearing platform Kalshi Klear. The listing thresholds are high, requiring the underlying to have deliverable supplies of over 20 million shares, a market capitalization of at least $100 billion, and an average daily trading volume of at least $450 million over the past six months, with contract units typically being 100 shares.
Caixin: HyperLiquid Pricing Chinese Assets, Emerging Offshore Exchanges Challenge Global Financial Regulation
ChainCatcher reports that the on-chain perpetual contract platform represented by Hyperliquid has quietly risen overseas for some time. The platform was founded by former Wall Street high-frequency trading engineers and has not received external VC funding, relying on its self-developed dedicated L1 blockchain and full on-chain order book to stand out in the DEX space. The trigger for domestic market and regulatory attention was the launch of popular perpetual contracts involving Chinese assets, combined with previous offshore derivatives like oil contracts under geopolitical conflicts in Iran. The platform challenges global financial regulation while pricing diverse assets. Against the backdrop of stalled progress on the Clarity Act in the U.S., such offshore unlicensed derivative agreements continue to develop.
BlackRock Releases White Paper: Digital Assets Connect Intelligence, Business, and Computing
ChainCatcher reports that BlackRock has released a white paper titled "Machine Native Economy: How Digital Assets Connect Intelligence, Business, and Computing." The white paper points out that the extraordinary growth of AI is a defining technological theme, and digital assets represent parallel financial infrastructure, with both intersecting in the interaction between AI systems and economic networks. AI is machine-native intelligence, while digital assets are machine-native currency. Agent-based AI uses blockchain as programmable infrastructure, connecting intelligence with economic activities and extending AI to real-world actions such as purchasing and trading. The white paper outlines three overlapping areas: LLMs and blockchains share similar tokenization, with the former encoding language into numerical values and the latter tokenizing economic value for machine-verifiable transfer and settlement; agent-based commerce requires machine-native payment rails, with stablecoins, native crypto assets, and on-chain assets serving as tools, while traditional rails face limitations in low-value programmable trading around the clock; computing becomes the digital asset market, with projected hyper-scale cloud revenues exceeding $1 trillion annually by 2030, and standardized computing power claims serving as financing and programmable settlement use cases.
ASML Executive: No Chip Manufacturing Equipment Sold on the European Continent
ChainCatcher reports that Frank Heemskerk, Executive Vice President of Dutch lithography company ASML, stated that the company currently does not sell any chip manufacturing equipment on the European continent. He said, "We have not sold anything in Europe at all. This is because Europe has not invested, nor are there new chip factories being built here." Data shows that in the second quarter of this year, Europe's contribution to ASML's net system sales was zero, with Europe, the Middle East, and Africa accounting for 1% in 2025. In the first half of the year, South Korea was the company's largest market for equipment. Heemskerk stated that other countries are rolling out the red carpet to invite investment in factories, and currently about a quarter of ASML's R&D work is conducted in the U.S. The EU is reforming the Chip Act that took effect in 2023. In May of this year, ASML signed an agreement with Tata Electronics in India to assist in building semiconductor factories in India.
Hashed Anchors $300 Million Digital Asset Private Credit Fund
ChainCatcher reports that cryptocurrency venture capital firm Hashed has anchored a new digital asset private credit fund with a target size of $300 million. The fund was founded by Abu Dhabi investors and Further Ventures co-founder Mohamed Hamdy, and is managed by Thoro Capital Management, where he serves as managing partner. Thoro will lend directly to digital asset institutions in U.S. dollars settled through stablecoins, with Hashed acting as the main contributor to the fund. Hashed stated that the new fund aims to address key financing bottlenecks in the institutional digital asset space—traditional banks are constrained by regulatory capital requirements, while existing crypto lenders underwrite based on asset collateral, leading even profitable and audited market infrastructure companies to rely on expensive, short-term collateralized loans. The fund adopts a "contract-based" underwriting approach, assessing borrowers' financial status, cash flow, and management performance. Hashed noted that tokenized private credit has become the largest real-world asset (RWA) category by cumulative on-chain lending, with total loans exceeding $14 billion, while the traditional private credit market exceeds $30 trillion. Previously, Hashed obtained a financial services license issued by the Abu Dhabi Global Market and signed a memorandum of understanding with the Abu Dhabi Investment Office last week.
MoonPay Plans to Acquire North Capital for Over $60 Million, Expanding into Tokenized Securities
ChainCatcher reports that MoonPay has announced the acquisition of North Capital Investment Technology, a brokerage services company based in Utah, USA, which provides custody, secondary market trading, and asset tokenization services for debt and equity. MoonPay did not disclose the transaction amount, but insiders revealed that the deal is an all-stock transaction valued at over $60 million. North Capital holds several licenses related to the U.S. Securities and Exchange Commission (SEC), including broker-dealer, alternative trading system (ATS), transfer agent, and investment advisor licenses, and MoonPay plans to leverage this to expand its business in tokenized stocks.
SharpLink CEO: AI Agents Will Restructure the Financial System, Potentially Creating $4 Trillion in Value Annually by 2035
ChainCatcher news, SharpLink CEO Joseph Chalom stated that with the integration of AI agents with stablecoins, tokenization of real-world assets, and DeFi, the global financial services industry will face a revenue redistribution of over $1 trillion annually by 2030, potentially reaching $4 trillion by 2035. Chalom noted that AI agents will become the automation layer of the new financial system, continuously managing investors' financial activities, including finding lower banking, trading, and borrowing costs, optimizing savings returns, constructing portfolios, dynamic rebalancing, and managing loans and credit card debt. He expects that by 2030, AI agents could save investors about $350 billion annually by lowering fees, increasing to $1.4 trillion by 2035, equivalent to eliminating nearly a quarter of the global financial industry's fees. Stablecoins, tokenized real-world assets, and DeFi will provide AI agents with 24/7 programmable financial infrastructure, allowing agents to view asset ownership, prices, collateral requirements, and lending opportunities in the same on-chain environment, autonomously completing asset transfers, collateralization, lending, and settlement. He also mentioned that financial institutions including Visa, Mastercard, Stripe, PayPal, Circle, Tether, Robinhood, Coinbase, Binance, as well as JPMorgan, Citigroup, and BlackRock are competing for the infrastructure and user entry points of the AI agent financial ecosystem. Whoever controls the infrastructure and agents may capture the value generated when agents trade on behalf of clients. Furthermore, Chalom pointed out that the infrastructure being formed, such as the x402 machine-to-machine stablecoin payment standard launched by Coinbase and Ethereum's ERC-8004 agent identity protocol, is creating a new open agent economy. More than 10,000 AI agents have registered within 10 weeks after the launch of ERC-8004.
EU's Three Major Financial Regulators: Quantum Computing May Threaten Blockchain Cryptographic Security
ChainCatcher news, according to Cointelegraph, the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA) stated in a joint risk update that advancements in quantum computing could weaken the cryptographic systems that secure blockchain transactions, communications, and databases. Google Quantum AI researchers estimated in March that the number of physical quantum bits required to break the cryptographic techniques used by many cryptocurrencies is about 20 times lower than previously estimated. Currently, there are no computers capable of executing such attacks. Bitcoin developer Jameson Lopp and others proposed a gradual phase-out of the current signature scheme in February, limiting the use of untransferred funds five years after the proposal is activated, but this proposal has not been adopted. The Ethereum Foundation plans to make Ethereum's execution, consensus, and data layers resistant to quantum attacks by December 2029.
Federal Reserve's Hawkish Remarks Strengthen Tightening Expectations, Gold Prices Decline
ChainCatcher news, due to a stronger dollar and hawkish remarks from Federal Reserve officials, market expectations for monetary policy tightening have increased, causing gold prices to decline within a range. The dollar rose to a two-month high, making gold priced in dollars more expensive. Richmond Fed President Barkin stated that the threat of interest rate hikes and further increases could suppress corporate inflation expectations.
AI Startup Go.AI Completes $85 Million Series A Financing, Led by Updata Partners
ChainCatcher news, according to Fintech Global, Chicago-based AI startup Go.AI has completed $85 million in Series A financing, led by Updata Partners, with existing investors GFT Ventures and LAUNCH participating. To date, its total financing has reached $90 million. Go.AI primarily provides locally deployed, auditable AI infrastructure for regulated entities such as banks, and the new funds will be used to expand the engineering team and enhance marketing efforts, pushing the company to expand from core regulated industries to a broader range of compliance-oriented institutions.
Analysis: Bitcoin Price Diverges from Demand, ETF Inflows and Trading Platform Outflows Provide Short-term Support
ChainCatcher news, CryptoQuant analyst Darkfost pointed out that while Bitcoin prices are rising, sustained buying pressure remains difficult to rebuild, with mixed market signals. The cumulative spot demand for the 30th was -180,000 BTC, still negative, while futures demand was +54,000 BTC, still positive but slightly declining. The total average demand improved from -188,000 BTC to -126,000 BTC, narrowing the gap but still remaining in negative territory. Recently, there has been a divergence between price and total demand; Bitcoin prices are rising, but total demand has not turned positive, indicating that the increase is more driven by reduced selling pressure rather than strong buying. Demand recovery is uneven across sectors. For institutions, the geopolitical and macro environment is poor, but the Coinbase Premium, weighted by trading volume, briefly turned positive, indicating that U.S. spot prices occasionally trade at a premium relative to other markets, with significant easing of institutional selling pressure. The biggest change in this round is the ETF, with demand completely reversing compared to this summer, having net bought about 70,000 BTC recently, with a cumulative net inflow of about -17,000 BTC in 2026, but it is close to turning positive. On trading platforms, there was a net outflow throughout September, leaning towards accumulation rather than distribution; Bitcoin leaving trading platforms usually means lighter short-term selling pressure. Analyst Darkfost summarized that the current price increase is not due to enhanced buying pressure, but because investors have not continued to increase selling pressure at higher price levels, and the market structure remains fragile.
Data: Ethereum Spot ETF Saw Total Net Inflow of $162 Million Yesterday, Continuing Three Days of Net Inflows
ChainCatcher news, according to SoSoValue data, the Ethereum spot ETF saw a total net inflow of $162 million. The Ethereum spot ETF with the highest single-day net inflow was Blackrock ETF ETHA, with a single-day net inflow of $88.1304 million, bringing ETHA's historical total net inflow to $13.156 billion. The second was Fidelity ETF FETH, with a single-day net inflow of $33.6388 million, bringing FETH's historical total net inflow to $2.354 billion. As of the time of publication, the total net asset value of the Ethereum spot ETF was $17.924 billion, with an ETF net asset ratio (market value relative to Ethereum's total market value) of 5.34%, and the historical cumulative net inflow has reached $13.682 billion.
Data: Bitcoin Spot ETF Saw Total Net Inflow of $715 Million Yesterday, Continuing Four Days of Net Inflows
ChainCatcher news, according to SoSoValue data, the Bitcoin spot ETF saw a total net inflow of $715 million yesterday. The Bitcoin spot ETF with the highest single-day net inflow was Blackrock ETF IBIT, with a single-day net inflow of $350 million, bringing IBIT's historical total net inflow to $64.856 billion. The second was Fidelity ETF FBTC, with a single-day net inflow of $257 million, bringing FBTC's historical total net inflow to $10.858 billion. As of the time of publication, the total net asset value of the Bitcoin spot ETF was $110.84 billion, with an ETF net asset ratio (market value relative to Bitcoin's total market value) of 6.4%, and the historical cumulative net inflow has reached $56.875 billion.
Cross-Chain Aggregator Jumper to Launch JUMP Token Sale via Legion and Split Independently
ChainCatcher news, cross-chain aggregator Jumper announced plans to conduct its first JUMP token sale through Legion while splitting independently from its incubator LI.FI. Jumper claims its lifetime trading volume exceeds $40 billion, with over 100,000 monthly active users, ranking first in cross-chain bridging transaction volume with a market share exceeding 15%. The company is expanding its coverage to include exchanges, cross-chain, perpetual contracts, tokenized stocks, and other real-world assets and yield opportunities. Jumper CEO Marko Jurina stated that cross-chain bridging is Jumper's starting point, hoping Jumper will become the application users open when trading, investing, or transferring value on-chain. Jumper Perps (aggregated perpetual contract venue) is planned to launch in the coming weeks. LI.FI will focus on orchestrating infrastructure, while Jumper will focus on consumer-facing applications. This Legion sale will be Jumper's first financing, and the proceeds will be used to accelerate product development, user acquisition, and distribution. The JUMP token is planned to launch independently after financing. The company stated it will not conduct separate equity financing rounds, and JUMP aims to be the sole ownership and exposure asset for users, contributors, and investors. Jurina stated that tokens should be the only way to own the value created by Jumper, and token priority ownership should become the industry standard.
Wall Street Journal: Predictive Market Kalshi's Nearly One Million Similar Transactions Draw Attention
ChainCatcher news, according to The Wall Street Journal, traders on the predictive market platform Kalshi have conducted nearly one million transactions of nearly identical amounts in a single market since August, an unusual activity that has attracted the attention of federal regulators and traders. Kalshi stated that these transactions represent normal activity, and the company does not disclose the identities of traders in its public data. The Wall Street Journal's analysis of publicly available trading data found that in recent weeks, more than one-third of the transactions in the Ethereum price speculation market consisted of rapid trades around the same order size of about $5,500. These rapid trades were all close to $5,500, occurring in a single Kalshi market, totaling about $5 billion.
Arkham: Blackrock's Two ETH ETFs Bought $1.01 Billion in Ethereum Over Nearly 20 Trading Days
ChainCatcher news, blockchain analysis platform Arkham stated that Blackrock's two Ethereum ETFs have collectively bought $1.01 billion in Ethereum over the past 20 trading days, with ETHA purchasing $787.2 million and ETHB purchasing $221.2 million. ETHB has seen inflows on 13 out of the past 14 days.
On-Chain Yield Protocol infiniFi Completes Over $3 Million Financing, Led by Electric Capital
According to ChainCatcher news and a report from PR Newswire, the on-chain yield protocol infiniFi announced the completion of a new funding round exceeding $3 million, led by Electric Capital, with participation from New Form Capital, Generative Ventures, Fasanara Capital, 2Square, 4th Revolution Capital, DCFGod, The Rollup, and others. The token generation event will take place in the fourth quarter of 2026, and the funds will be used for protocol development, new integrations, multi-chain expansion, and product promotion. infiniFi ended its stealth mode in February 2025 and completed $3 million in pre-seed funding, launching in June of the same year; the total raised from pre-seed and seed rounds exceeded $6 million. The protocol has expanded to Ethereum, Arbitrum, Katana, Base, and has collaborated or integrated with Ethena, Pendle, Morpho, Aave, FalconX, Curve, Euler, and others. Since its launch, it has generated over $9 million in revenue, with a historical TVL peak of $180 million, currently over $50 million. Founder and CEO Rob Montgomery stated that this round of funding will continue to advance the mission of enabling ordinary people to earn dollar yields and expand distribution through the upcoming infiniFi Prime.
Citi Research: Hawkish Central Bank Policies Continue to Pressure Forex Markets, Bitcoin Sees a Rebound
According to ChainCatcher news, in a podcast by Citi Research, Citi's Global Macro Strategy Head Dirk Willer and the Head of Quantitative Global Macro and Asset Allocation Team Alex Saunders engaged in an in-depth discussion on recent market dynamics. The two strategists pointed out that most central banks currently maintain a hawkish stance, but the Bank of Japan unexpectedly released dovish signals, significantly impacting the USDJPY trend. Meanwhile, Bitcoin has recently shown a notable rebound, which may indicate a new shift in digital asset investment strategies in 2026, with institutional investors' interest in the crypto market continuing to rise.
Meme Popularity Rankings
According to data from the meme token tracking and analysis platform GMGN, as of September 24, 08:45,
The top five popular ETH tokens in the past 24 hours are: wildebeest, CREDITSTR, STOCKER, SKY, FUSE
The top five popular Solana tokens in the past 24 hours are: STONK, GP, goon, JEANPHIL, based
The top five popular Base tokens in the past 24 hours are: SPIKE, Basecat, VVV, SOL, SMOLTING
What are some noteworthy articles to read in the past 24 hours?
Conclusion: As machines play a larger role in economic activities, AI and blockchain-based digital assets are increasingly converging. The tokenization of assets through large language models and blockchain has established structured, machine-readable representations, allowing AI agents to interface more directly with programmable assets. Stablecoins and protocols like x402 may support high-frequency, small-scale, round-the-clock trading. Meanwhile, a standardized and liquid computing power equity market may enable agents to seek computing power, optimize usage, arrange financing, and make payments as the demand for reasoning expands. The entire ecosystem is still in its early stages, with limited agent-based payment activities and computing power market liquidity. As AI applications expand and agent systems' capabilities enhance, digital assets may become increasingly important in the economic infrastructure of AI, expanding stablecoins, tokenized real-world assets, and supporting native cryptocurrencies for blockchain settlements.
After Decoupling, How Far Can USDe's Recovery Go?
KOL BITWU also pointed out that ENA is still the largest altcoin position in Hayes' on-chain marked addresses, and he had already built the position a month before publicly calling it, achieving a floating profit of 146% by the time of the call. Hayes' calls are characterized by often being correct in direction but frequently wrong in timing, and he often acts contrary to his words. Whether this round of rebound can hold ultimately comes down to two points: whether USDe supply can reach the $7.5 billion threshold in a reasonable time frame to activate the repurchase mechanism, and whether the batch of tokens unlocking on October 5 can be smoothly digested by the market rather than becoming the starting point for a new wave of selling pressure.
a16z Crypto: SEC Should Clarify When Blockchain Applications Do Not Need to Register as Exchanges
Why now? Blockchain technology can reduce costs, accelerate settlements, and expand market access, while DEX and DEX Apps are key to realizing these advantages. The centralized tokenized securities market also requires a regulatory framework suitable for its business. The SEC's recently launched "innovation exemption" has opened a path for this. The CTP registration framework would allow tokenized securities to trade in regulated markets. Congress has already missed the opportunity. Regulators should promote industry development by issuing guidelines, granting exemptions, and establishing regular rule-making procedures, and should not hesitate to use these tools. Our proposal provides a concrete path: delineating regulatory boundaries in the U.S. while supporting the responsible development of decentralized systems and cryptocurrency trading platforms.
In other asset news, the Bloomberg Dollar Index has risen for the fourth consecutive trading day, up 0.1%. Investors are closely watching remarks from Federal Reserve Governor Michael Barr, as another official has warned that inflation pressures may persist. Gold fell 0.4% to about $4345 per ounce, while Bitcoin rose over 1% to about $87200. Economic data is mixed, with the Eurozone unexpectedly shining. Against a backdrop of a relatively light economic calendar this week, S&P Global released preliminary September manufacturing and services PMI data on Wednesday. Both U.S. readings are expected to remain consistent with a robust growth trend. The Eurozone, on the other hand, brought unexpected surprises. Driven by better-than-expected improvements in the services sector, private sector activity in the Eurozone expanded at the fastest pace in over three years. S&P Global's Eurozone Composite PMI rose from 52 in August to 53.1, significantly above the neutral line of 50.
Set your own loss limits, don’t leave it to the market and liquidation price. 4/ Use a barbell strategy, not a compromise. One end is extremely safe, the other end is extremely aggressive. The middle part is the most fragile; adding a bit of leverage to seemingly stable assets can lead to total loss if something goes wrong. 5/ Shift the channels for making small profits to serve as insurance. Cash flow, content, commissions, small communities—these income streams are stable. Their purpose is not to make you rich but to ensure you have ammunition during the worst times. 6/ Keep a portion of cash. Cash doesn’t earn money, but it allows you to act when others are forced to sell. I personally climbed out of this structure. In the beginning, I would use large margins and positions to earn a small profit and exit, which led to a structure of continuous small profits followed by significant losses. Gradually, I changed to a small position, small margin, and significantly increased the holding period and corresponding take-profit levels, forming a…
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