1. U.S. Congressman Byron Donalds said that if Trump wins the election, he will reorganize existing regulatory agencies and propose to set up a regulatory sandbox for the crypto industry.

2. The Governor of Bank Indonesia predicts that the Federal Reserve may cut interest rates twice more this year, by 25 basis points each time.

The Governor of the Indonesian Central Bank said that the change in expectations for the Fed's rate cut is a matter of time, but this will only affect the yield rate. It is still expected that the Fed will cut interest rates twice more this year, by 25 basis points each time; it is expected that the Fed may cut interest rates 3-4 times next year, by 25 basis points each time.

3. Grayscale has purchased $45.8 million worth of BTC this week, showing its continued optimism about Bitcoin.

Grayscale GBTC has seen net inflows for two consecutive days and has bought $45.8 million worth of BTC this week.

4. Radiant Capital lost approximately $58 million due to a vulnerability, suspended its loan market, and is working with multiple security companies.

Radiant Capital has suspended its lending market due to a cybersecurity breach on BNB Chain and Arbitrum. Web3 security firm De.Fi estimates that the breach has resulted in approximately $58 million in losses. The Radiant team is working with multiple security firms and will provide updates as soon as possible.

5. According to Polymarket data, Trump's chances of defeating Kamala Harris have risen to 17.5%.

6. Italy plans to increase capital gains tax on Bitcoin from 26% to 42%.

Italy plans to raise capital gains tax on cryptocurrencies such as Bitcoin from 26% to 42%.

7. Three Arrows Capital announced its investment in the Meme project ASTROFOLIO, acquiring 0.7% of its Constellation token supply.

The official account of "Three Arrows Capital" announced on social media that it has invested in the Meme project ASTROFOLIO and has obtained 0.7% of the supply of all 12 constellation tokens. BlockBeats Note: Although the official account of Three Arrows Capital resumed updating on September 28, the official account has been renamed Three Arrowz Capitel, and the ENS domain name is also a newly applied domain name. The official introduction of "Capital" was newly created by Zhu Su in 2024. Zhu Su said on September 28 that the account has resumed operation, and the content currently published is only related to Meme, or just for entertainment. -Original text

8. a16z crypto reported that the number of global cryptocurrency holders has reached an all-time high, showing widespread market adoption.

A new report from a16z crypto estimates that there are about 617 million cryptocurrency holders worldwide, with 60 million monthly active users. This year is also the year with the most mobile wallet users, with the United States accounting for 12% of global users.

9. U.S. prosecutors recommend reducing the sentence of 2016 Bitfinex hacker Ilya Lichtenstein to five years.

U.S. prosecutors told a judge on Tuesday that Ilya Lichtenstein should go to prison for five years for his role in the 2016 hack of cryptocurrency exchange Bitfinex. Prosecutors said the recommended sentence was below guidelines for the charges given Lichtenstein's cooperation in the case. Lichtenstein and his wife, Heather Morgan, also known as "Razzlekhan," pleaded guilty to money laundering charges related to the August hack and are due to be sentenced next month.

10. Paxos announced that it will expand its assets to the Stellar network by the end of the year to strengthen the adoption of stablecoins.

Paxos announced at the 2024 Stellar Annual Conference that it will work with the Stellar Development Foundation to expand its assets to the Stellar network by the end of the year. Stellar is an open source blockchain for payments and remittances, and this move by Paxos will further promote the adoption of regulated institutional stablecoins.

11. Do Kwon is suspected of transferring millions of dollars of crypto assets in prison, and the relevant investigation is still ongoing.

Terra founder Do Kwon was arrested in Montenegro on March 23, 2023, but his electronic devices were not handed over to the investigating judge until June of that year. After the police failed to confiscate his cryptocurrency private keys in time, he successfully transferred digital assets from prison. The transferred cryptocurrencies may be worth millions of dollars in Luna and TerraUSD. Two sources said that during Do Kwon’s detention, at least three cryptocurrency transactions were made using Do Kwon’s crypto wallet. The information was made through an account associated with a mobile phone company in Podgorica. Sources said that his arrest was planned and that the Montenegrin Border Guard had received a report that Do Kwon had forged a passport. The Montenegrin Minister of Justice has not yet decided whether to extradite Do to South Korea or the United States. -Original text

12. A JPMorgan report shows that the network hash rate of listed Bitcoin miners in the United States has reached a record 28.9%.

JPMorgan said in a research note on Wednesday that the combined hash rate of the 14 U.S.-listed bitcoin (BTC) mining stocks tracked by the investment bank now accounts for 28.9% of the network’s hash rate, a record high.

13. Michael Saylor said that MicroStrategy's Bitcoin strategy successfully beat every company in the S&P index.

14. At the close of U.S. stocks, the Nasdaq rose 0.28%, showing a moderate upward trend in the market.

At the close of U.S. stocks, the Dow Jones Industrial Average rose 0.79%, the Nasdaq rose 0.28%, and the S&P 500 rose 0.47%.

 

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