Author: Deep Tide TechFlow
Yesterday's market dynamics
The U.S. Senate Finance Committee will hold a hearing on digital asset taxation on October 1
U.S. Senate Finance Committee Chairman Mike Crapo announced that a hearing titled "Examining Digital Asset Taxation" will take place on the morning of October 1 in the Senate. Senior executives from the industry, including Coinbase Global's Vice President of Taxation Lawrence Zlatkin and Coin Center's Policy Director Jason Somensatto, will testify. The hearing will be streamed live on finance.senate.gov and Mike Crapo's X platform account.
U.S. Treasury Secretary Yellen: The Federal Reserve's interest rates have been too high for too long, and we will enter a period of easing
According to Jinshi data, U.S. Treasury Secretary Basant stated that the Federal Reserve's interest rates have been too high for too long, and we will enter a loosening cycle.
Basant also stated that Federal Reserve Chairman Powell should have signaled a rate cut of 100 to 150 basis points, and it's uncertain why Powell has hesitated. We need to lower rates, at least returning to neutral rates. We are looking for an open-minded person to serve as the chairman of the Federal Reserve.
GSR submits application for innovative ETF to SEC, intending to invest in cryptocurrency treasury companies.
According to Decrypt, market maker GSR submitted an application to the U.S. Securities and Exchange Commission (SEC) on Wednesday to launch an innovative ETF product. This ETF will focus on investing in publicly listed companies that hold cryptocurrencies, with an investment ratio of no less than 80%. The initial plan is to hold 10-15 investment positions, primarily targeting U.S. listed companies.
SBF's X account clarified: posted by a friend.
SBF's Twitter account stated, "No, SBF is not posting from prison himself. I am a friend, posting on his behalf."
Yesterday, the token GAIN launched on Binance Alpha plummeted over 90%, now reported at $0.007.
Market shows that the token GriffinAI (GAIN) launched on Binance Alpha yesterday plummeted over 90%, now reported at $0.007. On-chain data indicates that GAIN may issue 5 billion additional tokens this morning at 7 AM.
Hyperliquid's native stablecoin USDH has officially launched.
According to The Block, the stablecoin USDH issued by Native Markets has officially launched trading on Hyperliquid, with the USDH/USDC trading pair open.
USDH is the first dollar-pegged token issued through the Hyperliquid validator voting process, natively issued on HyperEVM and bridged to the Hyperliquid ecosystem. Native Markets previously defeated proposals from Paxos, Frax, Agora, and others in voting.
It is reported that the USDH reserves are fully backed by cash and short-term U.S. Treasury bonds, employing a model that combines off-chain management and on-chain components, providing transparency through oracles. The issuer plans to use part of the reserve earnings for HYPE token repurchases.
Mira has published its tokenomics model: a total of 1 billion tokens, with 6% allocated for the initial airdrop.
According to the official announcement, Mira has published its tokenomics: a total of 1 billion tokens, based on the Base network, with an initial circulation of 19.12% at TGE. The specific token distribution plan is as follows:
6% allocated for the initial airdrop;
16% allocated for future node rewards;
26% allocated for ecosystem reserves;
20% allocated for core contributors;
14% allocated for early investors;
15% allocated for the foundation;
3% allocated for liquidity incentives.
According to prior news, Binance Alpha will launch Mira Network (MIRA) on September 26.
Bitlight Labs may hint at an upcoming TGE.
According to official news, RGB protocol infrastructure developer Bitlight Labs stated, "Genesis, Let there be $LIGHT; and there was $LIGHT. September 27." This may hint at an upcoming TGE.
The shared computing protocol Bless announced that airdrop claims are now open.
According to the official announcement, the shared computing protocol Bless has announced that airdrop claims are now open, with staking functionality launching simultaneously.
According to prior news, Binance Alpha and Binance Futures have launched Bless (BLESS) today.
CZ revealed early investment in the crypto wallet SafePal.
According to CZ's social media disclosure, the crypto wallet SafePal is also part of his investment portfolio, which he invested in quite early, shortly after investing in Trust Wallet.
The board of DeFi Development approved increasing the stock repurchase amount from $1 million to a maximum of $100 million.
According to GLOBE NEWSWIRE, the US-listed SOL treasury company DeFi Development Corp. (NASDAQ: DFDV) announced that its board has approved a significant increase in the existing stock repurchase program authorization from $1 million to a maximum of $100 million.
The repurchase plan authorizes the company to repurchase common stock on the open market under Rule 10b-18 of the Securities Exchange Act of 1934. The company set an initial threshold of $10 million, and management must report to the board before executing additional purchases. All repurchased shares will be canceled and restored to authorized but unissued shares status or held as treasury stock. The timing, method, and quantity of repurchases will be determined by management based on market conditions and other factors; this plan may be modified, suspended, or terminated at any time.
Market Dynamics
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