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周周1688
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🇨🇳 September 18｜Crypto Market
Brief$BNB🧧
🔥 Regulatory Risk-On: The SEC acts, BTC returns above $77K
The Fed and the Bank of Japan tightened policy in succession this week,
but the Crypto market turns green today instead.
BTC has reclaimed $77K, SOL breaks through $105, and DeFi, RWA, and some L2s clearly outperform the broader market.
🏛 SEC: Tokenized Stocks receive a 5-year “innovation exemption”
The SEC introduces an Innovation Exemption, allowing qualifying Tokenized Securities Venues to trade a portion of tokenized NMS stocks in a permissioned environment via AMMs and liquidity pools.
Key conditions:
• Must represent real stock ownership interests
• Includes shareholder rights such as dividends and voting
• Synthetic Stocks are not covered
• Issuers can raise objections before listing
• Trading volume, trading instruments, and transparency are restricted
This isn’t a complete overhaul of market-structure legislation, but it means stock trading is truly starting to move On-Chain.
⚡ CFTC simultaneously eases DeFi software restrictions
Yesterday, the CFTC expanded its No-Action scope: qualifying “Passive Software” providers, including some DeFi interfaces and self-custody wallet software, may avoid enforcement for having to register as an Introducing Broker for related activities, provided certain conditions are met—such as not custodying users’ assets.
The two regulatory actions appeared almost at the same time.
CLARITY is holding things up, but the On-Chain market isn’t stopping.
🏦 S&P Global to acquire OpenZeppelin
S&P Global announced the acquisition of OpenZeppelin.
OpenZeppelin’s smart contract infrastructure has supported transfers worth more than $37T in total, completed 900+ security projects, and uncovered 10,000+ potential vulnerabilities.
Traditional finance isn’t just buying Crypto assets,
but the security infrastructure of the On-Chain market itself.
🇯🇵 Bank of Japan: Rate hike to 1.25%
The BOJ raised interest rates by 25 bps to 1.25%, the highest level since 1995.
But the yen actually weakened instead, with no obvious reversal of the carry trade in the market for now.
Meanwhile, BTC is back above $77K.
📈 ETF finally sees inflows
On September 17, U.S. spot BTC ETFs recorded net inflows of about $159M, ending two straight days of large outflows.
The prior two days saw cumulative outflows of about $746M,
so what’s happening now looks more like funds are trying again to step in and absorb supply, rather than the trend having fully reversed.
🎯 What really changed today isn’t the interest rate—it’s “where the market is trading.”
The Fed raised rates,
so did the BOJ,
#1688家族family
Brief$BNB🧧
🔥 Regulatory Risk-On: The SEC acts, BTC returns above $77K
The Fed and the Bank of Japan tightened policy in succession this week,
but the Crypto market turns green today instead.
BTC has reclaimed $77K, SOL breaks through $105, and DeFi, RWA, and some L2s clearly outperform the broader market.
🏛 SEC: Tokenized Stocks receive a 5-year “innovation exemption”
The SEC introduces an Innovation Exemption, allowing qualifying Tokenized Securities Venues to trade a portion of tokenized NMS stocks in a permissioned environment via AMMs and liquidity pools.
Key conditions:
• Must represent real stock ownership interests
• Includes shareholder rights such as dividends and voting
• Synthetic Stocks are not covered
• Issuers can raise objections before listing
• Trading volume, trading instruments, and transparency are restricted
This isn’t a complete overhaul of market-structure legislation, but it means stock trading is truly starting to move On-Chain.
⚡ CFTC simultaneously eases DeFi software restrictions
Yesterday, the CFTC expanded its No-Action scope: qualifying “Passive Software” providers, including some DeFi interfaces and self-custody wallet software, may avoid enforcement for having to register as an Introducing Broker for related activities, provided certain conditions are met—such as not custodying users’ assets.
The two regulatory actions appeared almost at the same time.
CLARITY is holding things up, but the On-Chain market isn’t stopping.
🏦 S&P Global to acquire OpenZeppelin
S&P Global announced the acquisition of OpenZeppelin.
OpenZeppelin’s smart contract infrastructure has supported transfers worth more than $37T in total, completed 900+ security projects, and uncovered 10,000+ potential vulnerabilities.
Traditional finance isn’t just buying Crypto assets,
but the security infrastructure of the On-Chain market itself.
🇯🇵 Bank of Japan: Rate hike to 1.25%
The BOJ raised interest rates by 25 bps to 1.25%, the highest level since 1995.
But the yen actually weakened instead, with no obvious reversal of the carry trade in the market for now.
Meanwhile, BTC is back above $77K.
📈 ETF finally sees inflows
On September 17, U.S. spot BTC ETFs recorded net inflows of about $159M, ending two straight days of large outflows.
The prior two days saw cumulative outflows of about $746M,
so what’s happening now looks more like funds are trying again to step in and absorb supply, rather than the trend having fully reversed.
🎯 What really changed today isn’t the interest rate—it’s “where the market is trading.”
The Fed raised rates,
so did the BOJ,
#1688家族family
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