📰 Web3 Morning News Brief | 9.24
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🟥 Regulation & Macroeconomics
▪️ U.S. 5-year Treasury yields rose above 5% for the first time since 2007; the latest reading is 5.032%. The high-rate environment continues to suppress the valuation of risk assets.
▪️ Bloomberg: The Trump administration is considering using #稳定币 in overseas locations, or setting up a joint venture with private companies, to strengthen the status of dollar reserves.
▪️ SEC Commissioner Uyeda revealed that multiple crypto lawsuits previously taken over from the last administration have been withdrawn, and said that the tokenized securities “innovation exemption” is a pilot aimed at new market entrants.
🟩 Projects & Ecosystems
▪️ a16z data: #RWA perpetual contracts saw August trading volume reach $117.3 billion, up 44x year over year; on-chain share has risen to 86%, with stock-type assets accounting for nearly half.
▪️ NYSE and Blockchain.com have signed a preliminary agreement; in the future, they may open tokenized U.S. stocks and ETF entry points to crypto users.
▪️ Canada’s six major banks (RBC, TD, BMO, etc.) jointly explored a CAD tokenized deposit system; in the first phase, it will be used for interbank transfers.
▪️ Coinbase expands fixed-rate BTC lending based on Morpho Midnight; this is the protocol’s first enterprise-level deployment.
▪️ Binance.US launches a built-in self-custody wallet, supporting access to DApps through seven chains including Ethereum, Solana, and Base.
▪️ 21Shares launched Europe’s first Zcash ETP in Paris and Amsterdam; Hut 8 won a $140 million bid to acquire two Texas data centers from bankrupt miner Poolin.
🟦 Funding & Markets
▪️ Circle minted 250 million new USDC on the Solana network this morning, replenishing on-chain stablecoin liquidity.
▪️ A certain whale transferred 42,000 ETH (about $112 million) to Galaxy Digital in preparation to sell; over the past two months, the address accumulated via OTC channels.
▪️ On Friday, about $15.6 billion worth of BTC options will expire. Deribit shows trading concentrated near key price levels, creating bidirectional hedging pressure.
▪️ All three major U.S. stock indexes fell collectively; the Dow/Nasdaq/S&P 500 each dropped by nearly 0.7%. BitMine (BMNR) fell 4.03%.
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💡 Opportunity Notes
1️⃣ The RWA structural growth trend continues: August deals are up 44x year over year and on-chain share has surpassed 86%. The leading on-chain perpetual contract protocols and underlying-asset protocols remain core vehicles for absorbing incremental demand—watch the medium-to-long-term deployment logic.
2️⃣ The contrast between a whale’s planned $ETH selloff and Circle’s $USDC issuance on Solana may shift short-term funds from ETH toward the lower-fee, higher-throughput Solana DeFi ecosystem. Keep an eye on changes in activity for SOL-chain DEXs and stablecoin trading pairs.
3️⃣ ⚠️ When the 5-year U.S. Treasury yield breaks 5% alongside the same-day expiry of roughly $15.6 billion in $BTC options, it acts as a short-term volatility amplifier. Consider monitoring Deribit’s key Gamma levels’ pull on spot prices and manage leverage exposure.
The above is for personal opinion sharing only and does not constitute investment advice; please handle position management at your own discretion.
━━━━━━━━━━━━━
🟥 Regulation & Macroeconomics
▪️ U.S. 5-year Treasury yields rose above 5% for the first time since 2007; the latest reading is 5.032%. The high-rate environment continues to suppress the valuation of risk assets.
▪️ Bloomberg: The Trump administration is considering using #稳定币 in overseas locations, or setting up a joint venture with private companies, to strengthen the status of dollar reserves.
▪️ SEC Commissioner Uyeda revealed that multiple crypto lawsuits previously taken over from the last administration have been withdrawn, and said that the tokenized securities “innovation exemption” is a pilot aimed at new market entrants.
🟩 Projects & Ecosystems
▪️ a16z data: #RWA perpetual contracts saw August trading volume reach $117.3 billion, up 44x year over year; on-chain share has risen to 86%, with stock-type assets accounting for nearly half.
▪️ NYSE and Blockchain.com have signed a preliminary agreement; in the future, they may open tokenized U.S. stocks and ETF entry points to crypto users.
▪️ Canada’s six major banks (RBC, TD, BMO, etc.) jointly explored a CAD tokenized deposit system; in the first phase, it will be used for interbank transfers.
▪️ Coinbase expands fixed-rate BTC lending based on Morpho Midnight; this is the protocol’s first enterprise-level deployment.
▪️ Binance.US launches a built-in self-custody wallet, supporting access to DApps through seven chains including Ethereum, Solana, and Base.
▪️ 21Shares launched Europe’s first Zcash ETP in Paris and Amsterdam; Hut 8 won a $140 million bid to acquire two Texas data centers from bankrupt miner Poolin.
🟦 Funding & Markets
▪️ Circle minted 250 million new USDC on the Solana network this morning, replenishing on-chain stablecoin liquidity.
▪️ A certain whale transferred 42,000 ETH (about $112 million) to Galaxy Digital in preparation to sell; over the past two months, the address accumulated via OTC channels.
▪️ On Friday, about $15.6 billion worth of BTC options will expire. Deribit shows trading concentrated near key price levels, creating bidirectional hedging pressure.
▪️ All three major U.S. stock indexes fell collectively; the Dow/Nasdaq/S&P 500 each dropped by nearly 0.7%. BitMine (BMNR) fell 4.03%.
━━━━━━━━━━━━━
💡 Opportunity Notes
1️⃣ The RWA structural growth trend continues: August deals are up 44x year over year and on-chain share has surpassed 86%. The leading on-chain perpetual contract protocols and underlying-asset protocols remain core vehicles for absorbing incremental demand—watch the medium-to-long-term deployment logic.
2️⃣ The contrast between a whale’s planned $ETH selloff and Circle’s $USDC issuance on Solana may shift short-term funds from ETH toward the lower-fee, higher-throughput Solana DeFi ecosystem. Keep an eye on changes in activity for SOL-chain DEXs and stablecoin trading pairs.
3️⃣ ⚠️ When the 5-year U.S. Treasury yield breaks 5% alongside the same-day expiry of roughly $15.6 billion in $BTC options, it acts as a short-term volatility amplifier. Consider monitoring Deribit’s key Gamma levels’ pull on spot prices and manage leverage exposure.
The above is for personal opinion sharing only and does not constitute investment advice; please handle position management at your own discretion.