Morning Report | OpenAI CEO says there will be no IPO this year, listing may be postponed until 2027; Grayscale: U.S. cryptocurrency regulation can still advance without the CLARITY Act
Compiled by: ChainCatcher
What important events have occurred in the past 24 hours?
Grayscale: U.S. Crypto Regulation Can Advance Without CLARITY Act
According to ChainCatcher, Zach Pandl, head of research at digital asset management firm Grayscale, stated in an analysis that even if Congress fails to pass the CLARITY Act this year, U.S. crypto regulation can still advance in areas such as stablecoins, token issuance, tokenized securities, and perpetual futures. U.S. President Donald Trump signed the GENIUS Act on July 18, 2025, establishing a regulatory framework for payment stablecoin issuance. The act requires issuers to provide sufficient reserves and disclose reserve composition monthly, prohibiting misleading claims that tokens are federally insured, supported by the U.S. government, or considered legal tender. The U.S. Securities and Exchange Commission (SEC) proposed Regulation Crypto Assets, which aims to allow eligible projects to raise no more than $5 million over four years, or no more than $75 million every 12 months. Relevant exemptions and investment contract safe harbors are still in the proposal stage, with the public comment submission deadline set for October 20. The recent procedural milestone for the CLARITY Act was the termination debate vote on the motion to advance on September 15, which requires 60 votes to pass and is not the final vote. Grayscale indicated that the act would still help clarify the regulatory jurisdiction between the SEC and the Commodity Futures Trading Commission (CFTC), but its failure to pass would not halt ongoing regulatory measures.
Strategy Releases "Bitcoin Investor Guide": Bitcoin is Becoming the Cornerstone of Digital Capital Markets
According to ChainCatcher, Strategy publicly released the "Bitcoin Investor Guide," authored by its team, with a revision date of September 7, 2026, and market data as of September 4. The guide is aimed at professional investors, private investors, bankers, advisors, and capital allocators, systematically outlining Bitcoin's monetary attributes, investment logic, market structure, portfolio role, custody methods, and risks. The core view is that Bitcoin is no longer just a speculative asset; it is becoming the foundation of a new type of digital capital market—a scarce, open, and global reserve asset. The long-term logic is based on scarcity, open access, global liquidity, and independent verification, and it may absorb some of the monetary premium currently attached to gold, real estate, stocks, bonds, and art. Key data snapshot (as of September 4, 2026): Bitcoin price approximately $79,809, 200-week moving average approximately $64,715 (premium approximately 23.3%); 1-year return approximately -28.3%, 10-year annualized return approximately 62.8%; 30-day average trading volume approximately $28.3 billion, open interest approximately $96 billion; spot ETFs hold approximately 1.27 million BTC, total network hash rate approximately 935 EH/s. The guide emphasizes Bitcoin's positioning as "digital capital": a maximum supply capped at 21 million coins, no issuer, no expiration date, no contractual cash flows, with value primarily dependent on scarcity and the monetary premium assigned by the market. It can be held directly, transferred globally, and independently verified. After the SEC approved the spot Bitcoin ETP in January 2024, institutional access significantly increased, and the infrastructure for futures, options, and custody continues to mature. In terms of risk warnings, the guide points out Bitcoin's high volatility and lack of repayment commitments, with prices subject to significant declines; self-custody and third-party custody, ETPs, corporate securities, and derivatives all carry different legal, operational, and counterparty risks; transactions are irreversible, and loss of keys can lead to permanent loss. Strategy, as a publicly traded company with significant Bitcoin holdings, has a vested interest in Bitcoin prices. The document clearly states it is for educational purposes only and does not constitute investment advice.
CoinShares: CPI Suppresses Bitcoin's Short-Term Upside, but U.S. Treasury Buyback Failure Constitutes Mid-Term Bullishness
According to ChainCatcher, CoinShares research director James Butterfill stated that Bitcoin currently faces an "unusual combination"—short-term bearish and mid-term bullish factors coexist. In the short term, the U.S. core CPI rose 0.3% month-over-month in August, higher than market expectations. Butterfill said, "The CPI data is marginally negative, increasing the probability of monetary policy tightening, which may limit Bitcoin's immediate upside." CME FedWatch data showed that market bets on the Federal Reserve raising interest rates at its next meeting reached as high as 85%. In the mid-term, he pointed out that the expanded U.S. Treasury bond buyback program has not effectively lowered long-term yields; if this situation persists, it may force authorities to implement larger intervention measures, raising concerns about currency depreciation, which would be favorable for Bitcoin and gold valuations. CoinShares believes Bitcoin's short-term upside may be limited below $80,000.
Korea's Digital Asset Basic Law Faces Pressure: Legislative Timeline May Be Delayed Until First Half of 2027
According to ChainCatcher, South Korean media MK reported that Min Byeong-deok, a member of the Democratic Party, revealed that the "Digital Asset Basic Law" in South Korea will be promoted within the year, with a public hearing planned for this month and formal advancement of the bill starting in November after the national government audit concludes. However, considering that the National Assembly will also conduct national government audits and budget reviews, the legislative timeline may be delayed until the first half of next year. In addition, the South Korean Financial Services Commission has announced a phased implementation roadmap for security token offerings (STOs), and financial institutions are also advancing testing of tokenization systems and global infrastructure cooperation, with South Korea's digital asset regulation gradually shifting from institutional discussions to preparation for implementation.
Vy Capital Discloses $40 Billion Stake in SpaceX, Becomes Fifth Largest Shareholder
According to ChainCatcher, the Financial Times reported that the low-profile venture capital firm Vy Capital currently holds approximately $40 billion worth of SpaceX shares, with a stake of about 3.4%. According to Bloomberg data, the firm has become the fifth largest shareholder of SpaceX, disclosing a holding size larger than that of Silicon Valley venture capital firms such as Sequoia Capital and Andreessen Horowitz. Vy Capital first invested in SpaceX in 2016 when the company's valuation was around $15 billion; after SpaceX went public this year with a valuation of about $1.75 trillion, the value of its holdings has significantly increased. Vy Capital is also the largest external investor in Elon Musk's tunnel company The Boring Company and brain-machine interface company Neuralink, and had pledged $700 million for Musk's acquisition of Twitter in 2022. The firm's head, John Hering, has a close relationship with Musk, having invested over $100 million in SpaceX shortly after the Falcon 9 rocket launch failure in 2016; since 2019, he has also participated in the early business development of Starlink, including hiring personnel and building financial models, and has held a SpaceX employee badge. Currently, Hering serves as a director at The Boring Company, and Vy Capital also participated in the company's recent $3 billion financing round. Vy Capital's assets under management have increased from $27 billion at the end of last year to $50 billion in June this year. The firm stated in its investor letter that since its establishment in 2014, its total internal rate of return has been 41%, and it has distributed $4.6 billion to investors. Vy Capital expects that if investment judgments are realized, SpaceX's valuation will exceed $10 trillion in the next 5 to 7 years. The firm currently has only a few dozen employees, with a core investment team of four, and has stopped accepting external investors since last year.
Jiang Zhuoer: Bitcoin May Surge to $76,000 Before Pullback, Maintaining Full Bitcoin Short Position + Ethereum Spot
According to ChainCatcher, Jiang Zhuoer, founder of the mining pool B.TOP, stated in a post that the most likely scenario for Bitcoin is to first sweep the liquidation zone at the $76,000 high, with ETH simultaneously testing around $2,665 for liquidation. After clearing $76,000, there are two possible subsequent scenarios: a) a rebound before $75,000, which would make it more likely to rise back to $80,000, or even touch the high resistance zone of $83,000 to $84,000, before starting a major pullback; b) if it effectively breaks below $75,000, it would initiate a pullback corresponding to the rise from $64,000, expected to reach $70,000 to $72,000, before entering the next phase of a bull market. Jiang Zhuoer believes that the upcoming bill vote and Federal Reserve news next week may become key catalysts, thus maintaining a neutral position of full BTC short and full ETH spot.
Ripple Executive Claims Corporate Treasury Brings $13 Trillion Opportunity, RLUSD Circulation Rises to $2.4 Billion
According to ChainCatcher, Jack McDonald, senior vice president of stablecoins at Ripple, stated in an interview with CoinDesk that corporate treasury is an important growth opportunity for the RLUSD stablecoin, with Ripple Treasury clients processing transactions worth approximately $13 trillion annually. This business is built on Ripple's acquisition of financial management software provider GTreasury for $1 billion last year, providing Ripple with a large client pool of about 1,200 corporate finance executives and CFOs who transfer funds across borders, between subsidiaries, and domestically. McDonald pointed out that the circulating supply of RLUSD has grown by over 50% in the past month, reaching $2.4 billion, with approximately $1 billion on the XRP Ledger and $1.4 billion on Ethereum. However, he emphasized that he values the token's utility and daily activity more than its market capitalization, noting that RLUSD's daily active volume has more than doubled since the beginning of the year, rising from about $200 million last month to approximately $750 million. Payments and capital markets are currently the two main application areas, and Ripple has collaborated with institutions such as Franklin Templeton and DBS in tokenized money market funds and lending. In the European market, Ripple plans to introduce RLUSD locally through a dual issuance structure compliant with the EU MiCA framework and has obtained regulatory authorization in Luxembourg.
Trump: The U.S. Should Have the Lowest Interest Rates Globally
ChainCatcher News, U.S. President Trump stated: "We should have the lowest interest rates in the world, and the promised $5,000 (subsidy) should be easy for Congress to pass. I always keep my promises. The war with Iran will end, possibly before the midterm elections or right after. Iran is very eager to reach an agreement. I don't care if the Gulf countries meet with Iran; that's their choice. Ukrainian President Zelensky must do one thing: he must stop attacking Russian diesel fuel. We have discussed this with Ukrainian President Zelensky." When asked if the artificial intelligence industry should slow down its pace of development, Trump stated: "Whoever wins in artificial intelligence will win the future."
Jiang Zhuoer: If BTC breaks below the key support of $76,500, the decline may accelerate
ChainCatcher News, B.TOP founder Jiang Zhuoer stated that BTC has declined as expected, with $76,500 being a key support level (the lower edge of the rising channel, and the Fibonacci 23.6% retracement from about $57,000 to $82,000). If it breaks below $76,500, the decline may accelerate, and the next focus will be whether the previous low of $75,500 can hold. He mentioned two possible scenarios: a) a rebound before $75,000, which would make it more likely to rise back to $80,000, or even up to the high resistance area of $83,000 to $84,000, before starting a major correction; b) if it effectively breaks below $75,000, it will trigger a correction corresponding to the rise from $64,000, expected to reach $70,000 to $72,000, before entering the next phase of the bull market. Jiang Zhuoer believes that next week's vote on the Cryptocurrency Market Structure Act (the CLARITY Act) and news from the Federal Reserve may become key catalysts, thus maintaining a neutral position of full BTC short and full ETH spot.
Chainflip attacked, 736,442 USDT stolen, expected to recover around Monday
ChainCatcher News, cross-chain protocol Chainflip disclosed that an attack occurred yesterday targeting Tron USDT, confirming that 736,442.17 USDT was stolen through six unauthorized payments, while another 115,654.41 USDT from user exchanges remained in the vault due to payment failures, with other funds unaffected. Chainflip stated that the attacker exploited a vulnerability in the Tron transaction memo mechanism, attaching a custom memo to a transaction already signed by validators, causing the system to recognize the same deposit as a separate exchange and refund it again, ultimately leading to repeated payments. The attacker executed eight operations within about 90 minutes, gradually increasing the amount. Chainflip claims to have completed a repair plan and has marked the stolen funds to relevant institutions in an attempt to recover them, expecting to resume operations as early as Monday and will be responsible for compensating affected users.
Analyst: The U.S. AI race is hard to "slow down," safety regulations may instead consolidate the advantages of leading labs
ChainCatcher News, Citrini analyst Jukan shared a report from Tianfeng Securities and stated that the U.S. government needs to maintain its leading position in the AI field, making it difficult to truly stop once entering the AI race. Jukan believes that the recent calls from Anthropic and OpenAI to slow down AI development should not be viewed solely as safety initiatives; there may also be multiple considerations behind it, such as the inability to slow down competition and consolidating advantages through safety regulations. Jukan further pointed out that the related calls for "AI slowdown" seemingly stem from the difficulty of safety testing, operational monitoring, and third-party verification keeping pace with model iteration speed, which may temporarily suppress market sentiment in the AI sector and lower expectations for the next generation of models; another possibility is that the industry remains optimistic about AI in the long term but hopes to delay the next round of significant R&D investments, prioritizing the commercialization of existing products and reducing infrastructure and capital expenditure pressures. He believes that the AI race is essentially similar to a "prisoner's dilemma," where all parties wish to slow down, but no one dares to be the first to stop, or they risk losing technological, customer, and financing advantages. Jukan also mentioned that Anthropic and OpenAI recently emphasized recursive self-improvement (RSI), which is related to AI already assisting in the development of the next generation of AI and accelerating model iteration speed; at the same time, it was reported that during internal testing at OpenAI, incidents occurred where agents collaborated to escape the sandbox and intrude into Hugging Face's production servers. Jukan believes that as the release of models incurs expensive evaluation, certification, and ongoing audit costs, large labs are better able to bear these fixed costs, while small teams may face higher entry barriers; if leading labs further participate in setting evaluation standards, industry barriers may continue to rise.
Trump discusses ethical provisions of crypto bill related to his family interests with advisors on Friday
ChainCatcher News, according to POLITICO Pro, U.S. President Trump held a closed-door meeting with advisors on Friday regarding the ethical provisions for government officials in the Senate's proposed crypto bill, the Clarity Act. The bill is set for a key procedural vote in the Senate next Tuesday, with Senate Democrats demanding the inclusion of ethical constraints applicable to government officials to limit Trump's ability to profit from his family's crypto business. It is currently unclear who attended the meeting and what conclusions were reached. Trump's senior crypto policy advisor Patrick Witt posted a positive signal on X on Saturday, stating, "Today is a bad day for the naysayers of the Clarity Act." The ethical provisions have been one of the key obstacles the CLARITY Act faces in the Senate, with significant bipartisan disagreements over whether enforcement authority should be led by the Department of Justice or state attorneys general. The procedural vote next Tuesday will test whether both parties can reach a compromise on this core dispute before the Senate recess.
New capital rules in Brazil take effect, about 290 crypto exchanges face market exit, capital requirements up to $7.2 million
ChainCatcher News, Brazil's central bank's new regulations require virtual asset service providers to meet capital and compliance requirements such as auditing, anti-money laundering, and ongoing reporting, with capital requirements up to 37.2 million reais, approximately $7.2 million. Currently, among about 300 related institutions, only 20 to 25 may qualify to apply for authorization, with only 10 expected to obtain licenses. Some small platforms have ended or restructured their retail businesses, including Bitnuvem, NovaDAX, Digitra, and Coinext, but these platforms did not attribute their decisions to the new regulations. Institutions that fail to meet the requirements will also face ongoing compliance costs, and some businesses may struggle to sustain operations. Relevant institutions must apply for authorization by October 30, and those that do not apply will cease operations within 30 days and notify customers. Isabel Longhi, Ripple's head of public and regulatory policy for Latin America, stated that market consolidation is expected to occur as Brazil's crypto market matures, but the new regulations will limit innovation in the short term.
U.S. SEC reviews Grayscale's application to rename Litecoin Trust to ETF and list on NYSE Arca
ChainCatcher News, the U.S. SEC is reviewing Grayscale's application to rename Grayscale Litecoin Trust to "Grayscale Litecoin Trust ETF" and list it on NYSE Arca, with the stock ticker LTCN.
Analyst: Bitcoin's rise drives a slight rebound in long-term holder activity, overall calm expected in 2026
ChainCatcher News, CryptoQuant analyst Darkfost stated that this cycle may be the most active one for Bitcoin long-term holders (LTH). He observed related changes through the CDD (Coin Days Destroyed) heatmap, which tracks the number of days BTC is held before being spent or transferred; long-term holders transferring BTC is usually associated with selling intentions. The increase in LTH activity this cycle may benefit from the market liquidity brought by spot ETFs and companies establishing Bitcoin treasury reserves. However, the rise in CDD is not only seen at market tops but may also reflect some holders' capitulation behavior. He added that Coinbase previously transferred 800,000 BTC, with a large number of tokens held for over six months; such asset migrations can also temporarily increase CDD but are considered incidental events. Currently, with Bitcoin's recent rise, LTH activity has slightly increased, possibly as some holders seek to profit quickly; however, overall, related activity in 2026 is still expected to remain calm, with long-term holders still waiting.
AMC CEO again criticizes Robinhood, questions shareholder rights of stock tokens and 1:1 support mechanism
ChainCatcher News, AMC CEO Adam Aron again criticized Robinhood's stock token business and raised several questions to Robinhood CEO Vlad Tenev and Chief Legal Officer Dan Gallagher. Aron stated that stock tokens violate the fundamental concept of stock ownership and questioned why Robinhood continues to heavily promote stock tokens on its U.S. site when it cannot offer related products to U.S. users. Aron also questioned whether stock tokens might mislead buyers into thinking they have the same rights as real shareholders, as well as the 1:1 stock support mechanism: if some underlying real stocks used to support stock tokens are simultaneously lent to short sellers, can the related tokens still be considered truly 1:1 supported? Aron also criticized Robinhood for conducting related business through a Jersey entity, stating that while stock tokens may represent innovation in Robinhood's view, in his view, "it will only bring shame to Robinhood." Yesterday, Robinhood co-founder Vlad Tenev published a lengthy article outlining Robinhood's vision of enabling global investors (especially non-U.S. users) to gain exposure to U.S. stocks and ETFs through blockchain, focusing on whether issuers need to agree to the tokenization of stocks.
Hassett: Trump believes there is no reason to raise interest rates, maintaining the status quo is important before the midterm elections
ChainCatcher News, White House economic advisor Hassett stated: "Trump and I both believe there is no reason to raise interest rates; it is important for the Federal Reserve to maintain the status quo before the elections."
TRM report: Only a few transactions from the x402 protocol come from AI agents
ChainCatcher news, a report released by the blockchain intelligence company TRM Labs shows that most of the transaction volume on the x402 payment protocol launched by Coinbase does not come from AI agents. The report analyzed 198.9 million settlements processed by known x402 facilitators on Base, Solana, and Polygon since May 2025, involving an amount of approximately $52.7 million. After excluding self-payments and other anomalous cash flows, about $25.62 million was identified as potential commercial transactions, of which only 0.6% to 7.5% by amount came from AI agents. TRM pointed out that ordinary scripts, scheduled tasks, and self-trading can also generate the same on-chain records, so the total transaction volume of the protocol is insufficient to measure agent commerce; their model identifies addresses that repeatedly pay the same service as scripts, which may underestimate the actual scale of single-use agents. During the reporting period, USDC accounted for 99.6% of the settlement value, approximately $52.47 million. Meanwhile, Binance's Agent OS launched in August has integrated the x402 payment layer, and Coinbase's Base is supporting agents and payment startups through a $1 million accelerator. Amazon also launched AgentCore Payments in May in collaboration with Coinbase and Stripe. TRM recommends improving the on-chain agent registration mechanism, establishing a verifiable counterparty reputation system for agents, and building a monitoring framework suitable for small and frequent payments, stating that "agent commerce requires agent compliance."
HeyAnon Token ANON Surges Over Twofold Due to Equilibra Launch on Robinhood Chain
ChainCatcher news, according to The Defiant, Daniele Sesta announced the deployment of the self-developed automated market maker Equilibra on the Robinhood Chain, stating that the product belongs to the HeyAnon project token ANON. Driven by this, the price of ANON increased by approximately 220% within 24 hours, soaring from $0.2159 to $1 at one point, currently around $0.6967, with a trading volume of $3.2 million, about 15 times that of the previous day. ANON's circulating market cap is approximately $10.7 million, with a circulation of 15.3 million tokens and a total supply cap of 21 million tokens. Its main liquidity is concentrated on decentralized trading platforms such as Ethereum's Uniswap V3 and Solana's Raydium, while also being listed on centralized exchanges like MEXC, Gate, and KCEX.
Revolut: Some Users' KYC and Bitcoin Transaction Data May Have Been Leaked, System and Funds Unaffected
ChainCatcher news, Revolut disclosed that an unauthorized third party submitted false customer information requests using an email address under a legitimate domain of a government agency, resulting in the disclosure of sensitive information for a small number of customers. The company referred to the incident as a "complex external impersonation scam," and has since banned the related email address, stating that its systems and customer funds were unaffected. The potentially disclosed information includes names, birth dates, addresses, email addresses, phone numbers, copies of identification documents such as passports and driver's licenses, identity verification selfies, account statements, IBANs, withdrawal records, and complete transaction histories, including Bitcoin transaction records. Former Mt. Gox CEO Mark Karpelès claimed to be one of the affected individuals. Revolut did not disclose the number of affected customers, whether the incident involved only a single market, or the government agency to which the impersonated domain belongs. The company has notified relevant government agencies, law enforcement, data protection agencies, and financial regulatory bodies. On-chain investigator ZachXBT speculated that the scale of the incident may be limited, but the target could be high-net-worth users.
Solana On-Chain Meme Coin Baton Briefly Surpasses $18 Million Market Cap, Setting New Historical High
ChainCatcher news, according to GMGN data, the Solana on-chain meme coin Baton briefly surpassed a market cap of $18 million, setting a new historical high, with a 24-hour increase of 86.8%, currently reported at $12.3 million. It is reported that BATON is a community meme coin derived from the history of Baton Corporation, the company behind Pump.fun, and its early project Baton Finance, with the paired token being the platform token PUMP. This token only borrows the relevant narrative and is not associated with Pump.fun officially. Market news reminds users that meme coin prices are highly volatile, and investors should participate cautiously.
OpenAI CEO States No IPO This Year, Listing May Be Delayed Until 2027
ChainCatcher news, OpenAI CEO Sam Altman stated that the company will not conduct an initial public offering (IPO) this year, and the listing time may be delayed until 2027. Altman said in an interview with Fortune that given the current circumstances surrounding safety issues, going public now is not a wise move, and the company is under no pressure in this regard. He added that the company has much work to do, including meeting safety and alignment requirements and promoting cooperation between the industry and government. This statement comes as Anthropic CEO Dario Amodei publicly called for a slowdown in the AI race on Saturday, with Altman and Elon Musk quickly expressing their agreement.
Arthur Hayes: If AI Computing Power Demand Collapses, the Federal Reserve May Be Forced to "Print Money" to Rescue the Market
ChainCatcher news, Arthur Hayes posted on the X platform stating that beyond AI safety risks, if companies like Anthropic, OpenAI, and SpaceX no longer act as buyers of computing power, the U.S. government may need to take on that role; another scenario is that if the demand for computing power disappears, leading to defaults on related AI debts, the Federal Reserve may need to "print money" to rescue the insurance institutions holding those debts. Hayes stated that regardless of which option is chosen, it will ultimately need to be resolved through currency issuance, jokingly referring to the situation as "Yachtzee."
Data: Coinbase Bitcoin Premium Index Has Recorded Negative Values for 7 Consecutive Days, U.S. Market Purchasing Power Again Dips
ChainCatcher news, according to CoinGlass data, the Coinbase Bitcoin premium index has recorded negative values for 7 consecutive days, with the latest reported at -0.0205%, as U.S. market purchasing power again dips. Previously, on August 24, the Coinbase Bitcoin premium index reappeared positive signals for the first time since May 19, reporting 0.0052%, ending a historical longest negative premium period of 97 days. The Coinbase Bitcoin premium index is used to measure the price difference between Coinbase Pro and Binance for Bitcoin. A sustained negative index usually indicates that Coinbase's pricing is relatively low, reflecting weak buying power or significant selling pressure in the U.S. market, but this indicator should not be solely relied upon to determine that institutional funds are flowing out.
Tom Lee: Leverage Liquidation Combined with Four-Year Cycle Bottoming, Crypto Market Extremely Bullish in the Next 12 Months
ChainCatcher news, Tom Lee, chairman of the Ethereum treasury company BitMine, stated that the crypto market will enter an extremely bullish phase in the next 12 months. He believes that on October 10 last year, the market experienced over $19 billion in leveraged position liquidations due to the U.S. threatening to impose 100% tariffs on China, and a large amount of borrowed funds has been cleared, indicating that the bottom of the crypto market's four-year cycle may appear next month. Tom Lee is also optimistic about the long-term opportunities brought by asset tokenization. He estimates that if $100 trillion in assets migrate on-chain in the future and generate 1% income from it, it could produce about $1.1 trillion in revenue annually, corresponding to a market opportunity of about $20 trillion based on traditional corporate valuations. However, BitMine currently holds 5.93 million ETH, with related positions showing a paper loss of about $5 billion. Fundstrat has consistently advised clients to allocate 2% of their investment portfolios to crypto assets over the past decade; Tom Lee stated that in accounts of clients who adopted this advice, crypto assets currently account for over 85% of their portfolios.
Crypto Brokerage Platform Cascade Announces Closure of Operations
ChainCatcher news, the crypto brokerage platform Cascade (formerly Perennial) announced the closure of its operations. The platform has spent the past five years building a next-generation modern brokerage experience, aimed at creating a unified platform for the global market, focused on around-the-clock access and unlimited accessibility. Cascade stated that this was not an easy decision and expressed gratitude to supporters over the years. Cascade has now ceased operations. Users can claim remaining funds in Cascade (CLS+trading) through the official designated link (logged in via Privy Home); please use only this designated link and refer to official verification information for confirmation.
Pump.fun Introduces Holder Rewards and Removes Cashback Model
ChainCatcher news, Solana meme coin launch platform Pump.fun announced two updates: the introduction of holder rewards and the removal of the cashback model. Holder rewards tokens are awarded simply for holding, with higher limits for longer holding periods, aimed at community development. The cashback model is no longer offered as a launch option. Creators can choose between creator fees or holder rewards tokens. Existing tokens can apply for an irreversible switch, submitted by the team or community, with review based on objective information beneficial to the token and community. Custom trading pairs must set a fixed fee rate of 0.01% to 3%, with SOL/USDC following the market cap tiered fee rate. Fees go into the Pump.fun distribution wallet, automatically distributed multiple times per hour based on holding proportions, with participation possible for holdings over $20 in value. Protocol fees are the same across all types, and rewards are distributed in quoted tokens.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN market data, as of September 14, 09:00,
The top five popular ETH tokens in the past 24 hours are: SEND, STOCKER, UNI, LINK, PEPE
The top five popular Solana tokens in the past 24 hours are: STONK, EMBER, NINA, PVE, ANSEM
The top five popular Base tokens in the past 24 hours are: Basecat, FLOCK, VVV, STONKEX, SOL
What are some must-read articles from the past 24 hours?
Three Major Enemies of AI Rarely Unite, Will "AI Stocks" Be Hit on Monday?
He suggested that investors closely monitor AI-related companies such as Nvidia, AMD, and Marvell on Monday, and warned against blindly chasing highs in the current market environment. In addition to safety considerations, the trading community is scrutinizing the potential business motives behind the rare collaboration of the "three giants." User Jason Choi pointed out that Anthropic has always been outspoken about safety issues, but the proposal of a specific slowdown plan at this time has sparked market speculation. Some viewpoints suggest that this could be a regulatory game. Clearly slowing down the development of cutting-edge models actually gives competitors time to narrow the capability gap: this move is essentially a form of "IPO expectation management" at the corporate level and provides options for future capital expenditure (capex) cuts. In the context of increasing investments in AI infrastructure, slowing down under the guise of safety may alleviate the continuous cash burn for these highly valued startups.
Binance Research: AI trading is rotating from semiconductors to software and capital markets
Therefore, the actual customer concentration is higher than what the overall capital expenditure data shows, with related revenues highly concentrated in two yet-to-be-listed trading counterparts. If either of them experiences a significant slowdown, the impact will transmit from the AI revenues of hyperscale cloud service providers to Oracle's unfulfilled orders, further affecting the securitized products financed by suppliers for the related infrastructure. Currently, Pre-IPO perpetual contracts are one of the few tools that can directly hedge against such specific risk exposures.
Refuting the Ethereum "abandoning" ETH argument: What does it really mean to pay Gas without ETH?
From my perspective, it undermines the notion that "every user must stock up on some ETH in advance to use Ethereum," but the gamble is that once this threshold disappears, more people will truly start using Ethereum. For ordinary users, there is no need to change their usage habits because of this EIP yet, but from the perspective of wallet development, the direction is already very clear. In the future, a user-friendly wallet may increasingly not require users to first understand Gas; users should be responsible for deciding where their assets go and what operations to execute; the wallet should inform them of the risks and how much they will ultimately spend; as for which account to use for payment, whether to charge in ETH or stablecoins, and whether there is a Gas Sponsor available, these complex protocol details should gradually be hidden in the background. Truly mature infrastructure often operates this way.
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