直上雲霄

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On September 17, the crypto industry saw multiple highly关注able sector updates and events. The core news mainly centered on regulatory roundtables, traditional financial giants entering the space, and industry summits, among other topics:
1. The U.S. SEC holds a 24-hour on-chain stock trading roundtable
On September 17, the U.S. Securities and Exchange Commission (SEC) hosted an important roundtable on “24-hour on-chain stock trading.” The meeting invited traditional financial giants such as BlackRock, Nasdaq, the New York Stock Exchange, and Robinhood, along with crypto industry participants and institutions.
Key agenda: The meeting aims to discuss the rule framework for enabling U.S. equities to settle on-chain 24/7.
Technology route competition: The market is currently focused on which blockchain—Ethereum or Solana—will take on the role of the primary underlying settlement infrastructure. Solana holds an advantage in terms of tokenized U.S. stock volume and low fees, while Ethereum is favored by traditional finance due to its deep institutional compliance foundation (such as BlackRock’s BUIDL fund).
2. The Fourth U.S. Crypto Banking, Compliance & Stablecoin Summit (CBC Summit USA) kicks off
The 4th annual CBC Summit USA was held on September 17 at the National Press Club in Washington, D.C.
Main focus: This summit brings together senior executives, regulators, and lawmakers across the industry. Key topics include crypto banking services, compliance frameworks, stablecoin development, and the deep integration of traditional finance with Web3.
3. Deeper cooperation between traditional industries and Web3 infrastructure
Hyundai explores the Avalanche ecosystem: After successfully completing a pilot project, Hyundai is considering further expanding its related business and applications on the Avalanche (Avalanche Protocol) blockchain.
Circle Arc mainnet goes live: Stablecoin issuer Circle’s Arc mainnet recently launched and has introduced support from payment giants such as Visa and Mastercard, injecting new momentum into the Web3 payments sector.
Overall, the Web3 industry updates on September 17 show that traditional financial regulators and Wall Street capital are accelerating the process of bringing assets on-chain and strengthening compliance.
Follow me—answer 1 will take away the $SOL red envelope.
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Riding the waves to迎光, embarking on new horizons, together we reach far, and open a brilliant new chapter.
Ride the waves, embrace light, and stride toward a brilliant future.

Combat power is still recovering. Number 12 clears number 11 alone—I'll be back to stream once I'm recovered, brothers. (ps: The estimated stream times are still the old schedule: 7 AM, 3 PM for event contracts, and 10 PM for perpetual contracts.)

Crude Oil Rises—Why Is Gold Under Pressure Instead?

Recently, the market has been influenced at the same time by geopolitical risks, energy prices, and expectations for Federal Reserve policy.

At present, Brent crude is around $107, while WTI is around $105. Oil prices have remained at elevated levels. What the market is most worried about is not crude oil itself, but its impact on inflation expectations.

The logic is simple:

Oil prices rise → inflation pressure increases → the Fed’s room to cut rates is constrained → U.S. Treasury yields rise → gold comes under pressure.

So right now, gold is being pulled by two forces:

On one hand, safe-haven demand driven by geopolitical conditions supports gold;

On the other hand, higher oil prices boost inflation and rate-expectation pressures that suppress gold.

That’s also why you can’t simply understand it as:

“Geopolitical risk rises = gold must rise.”

In reality, gold’s short-term price action still depends on the U.S. dollar and U.S. Treasury yields.

Currently, the 10-year Treasury yield is already around 5%. If yields continue to move higher, gold’s short-term downside pressure could increase further.

Next, I will focus on three variables:

First, crude oil.

If oil prices keep rising quickly, inflation expectations may heat up further.

Second, Treasury yields.

If the 10-year yield keeps moving higher, gold may continue to be weighed down.

Third, the Federal Reserve.

Today’s FOMC rate decision is only the first step; more important is the policy guidance/signals after the meeting.

If the Fed releases more hawkish signals:

A stronger dollar and firmer yields → gold faces pressure.

If the policy statement is not as hawkish as the market expected:

Yields fall back → gold receives support.

So my view on gold now won’t be based solely on geopolitical news.

Crude oil determines inflation expectations, interest rates determine the cost of capital, and risk-off/safe-haven sentiment determines how much support is underneath gold.

Only when all three factors move at the same time is the key to understanding this round of the gold market.
$XAU

$CL

$BZ

$ZEC $SOL Fellow folks, pay attention: early this morning, the U.S. Senate’s encrypted regulation bill hit a snag in the voting—it failed outright, with 49 in favor and 50 against. It missed the 60-vote threshold by a single breath, and was immediately stalled. After more than a year of back-and-forth and two postponements of the vote, it still couldn’t be enacted. As soon as the news broke, Bitcoin’s price dipped in the short term to around 75,000, and crypto-related stocks like Coinbase also fell across the board. 🚨

The core reason this time the bill got stuck is the ethics clause. The Democrats won’t accept the final proposal from the Republicans, and in the end neither side was willing to give an inch. The Republicans had already compromised on a number of points—adjusting officials’ holdings, stabilizing-coin circuit breakers, and protections for DeFi developers—but they still couldn’t win enough votes. 🚨

Many people think that if a bill doesn’t pass, regulation will completely loosen—don’t think that. The bill is only temporarily shelved, not permanently dead. Even if Congress can’t get legislation through, the SEC will still continue regulating the market under the existing rules. 🚨

The biggest impact of this incident is that market expectations cool off. Funds that had been betting on the bill’s passage are starting to withdraw. In the short term, price fluctuations will likely be amplified—don’t blindly try to bottom-fish. Going forward, keep an eye on whether both parties will restart negotiations, because news can trigger sudden surges and plunges at any time. Market risk is very high—everyone make sure to manage positions properly and control risk. 🚨#美联储加息是否已成定局 #以太坊跌破2400美元 #比特币跌至7.6万美元