Author | Wu Blockchain Blockchain
Top 10 News of the Week
1. The Federal Reserve lowered the interest rate ceiling to 4.25%, in line with market expectations .
The Federal Reserve announced a 25 basis point cut in the upper limit of the federal funds rate to 4.25%, in line with market expectations and down from the previous level of 4.50%. Wall Street Journal reporter Nick Timiraos noted that the Fed's announcement of a 25 basis point rate cut at the September FOMC meeting was dovish in tone. Most officials expected at least three more rate cuts this year, with Miran being the only one who advocated a 50 basis point cut. Seven participants predicted no further rate cuts this year, while two predicted only one, resulting in relatively little disagreement at the meeting.
2. Shanghai court successfully handles virtual currency in criminal case for the first timelink
Under the guidance of the Shanghai Higher People's Court, the Baoshan District People's Court of Shanghai successfully disposed of over 90,000 FIL coins. This marked the first successful virtual currency disposal by a Shanghai court in a criminal property enforcement case. This disposal utilized a "domestic entrustment, overseas disposal, and closed-loop repatriation" model. The People's Court entrusted a third-party institution with the disposal. After the third-party institution provided a performance guarantee, the overseas transaction was transferred to a qualified overseas agent. The disposal was completed on a licensed virtual asset trading platform certified by the Hong Kong Securities and Futures Commission (SFC). The transaction price was no less than the 20-day average price before the transaction date. The proceeds from the disposal were converted into foreign exchange and transferred to the court's dedicated case fund account after completing national foreign exchange management approval procedures. Subsequently, they will be confiscated and paid into the state treasury or returned to the victim in accordance with law.
3. Hong Kong 2025 Policy Address: A List of Digital Asset-Related Contents link
The Hong Kong Chief Executive's 2025 Policy Address pointed out that the HKMA will continue to advance the Ensemble project, including encouraging commercial banks to launch tokenized deposits and promote real tokenized asset transactions, such as using tokenized deposits to settle tokenized money market funds; and assisting the government in regularizing the issuance of tokenized bonds, and encouraging banks to strengthen risk management through regulatory sandboxes; it is implementing the stablecoin issuer system and formulating legislative proposals for the licensing system for digital asset trading and custody services. The Securities and Futures Commission is also studying how to expand the types of digital asset products and services that can be provided to professional investors while fully protecting investors; at the same time, it will strengthen international tax cooperation and combat cross-border tax evasion; the Securities and Futures Commission is also building a risk defense line for Hong Kong's digital assets by introducing automated reporting and data monitoring tools.
4. The United Nations Development Programme will launch a government blockchain academy next year.
The United Nations Development Programme (UNDP) will partner with the Exponential Science Foundation, a nonprofit advocacy organization for blockchain and artificial intelligence, to launch the "Government Blockchain Academy" next year. The academy will provide professional education and implementation programs in blockchain, artificial intelligence, and other emerging technologies to government agencies, helping them drive change. The academy is scheduled to begin rolling out in select countries in 2026, with curriculum design commencing this year.
5. The UK and US plan to promote collaboration on crypto asset regulation, focusing on stablecoins and digital securities sandboxes .
British Chancellor of the Exchequer Rachel Reeves met with US Treasury Secretary Scott Bessent at Downing Street to discuss strengthening transatlantic coordination on crypto assets and capital markets. The meeting included participation from institutions such as Coinbase, Circle, Ripple, Citigroup, Bank of America, and Barclays. According to sources familiar with the matter, the UK and the US are expected to announce closer cooperation on digital assets, including stablecoins. The UK hopes this will improve access for its businesses to US financial markets and attract more US capital. The two sides are also collaborating on a digital securities sandbox to allow financial services companies to test blockchain technology.
6. UK FCA plans to exempt some non-applicable rules to better regulate the crypto industrylink
The UK Financial Conduct Authority (FCA) plans to exempt crypto companies from some traditional financial regulations when it officially regulates them in 2026. These regulations include requirements for management, system controls, and cooling-off periods, to accommodate the high volatility of crypto assets. The FCA stated it will strengthen regulations related to cybersecurity to ensure they align with actual risks.
7. CZ updates his X account profile, possibly hinting at an upcoming return to Binance Link
CZ updated the profile of his personal X account in the early hours of Wednesday morning. The previous "ex-@binance" was updated to "@binance", which may hint at his imminent return to Binance.
Bloomberg reports that Binance is in talks with the US Department of Justice to remove the external compliance monitor mandated by its $4.3 billion 2023 settlement. The monitorship, originally scheduled for three years, has not yet been finalized by the DOJ, but may require Binance to increase compliance reporting as a replacement. The DOJ has previously canceled monitorships for several companies due to their high costs and operational impact.
8. Ethereum founder Vitalik Buterin announced the latest roadmap at the Japan Developer Conference.link
Ethereum founder Vitalik Buterin announced his latest roadmap at the Japan Developers Conference. In the short term, the plan aims to increase the Ethereum mainnet (L1) gas limit to achieve scalability while maintaining decentralization, using tools such as ZK-EVM and block-level access lists. In the medium term, the plan focuses on trustless asset transfers and fast settlements between L2 nodes, promoting Stage 2 Rollup and state read optimizations. The plan also emphasizes the importance of on-chain "write privacy" for use cases like payments and voting. The long-term goal is to create a streamlined version of Ethereum that is secure, simple, quantum-resistant, and formally verified.
The Ethereum Foundation also announced the formation of the dAI team, led by core developer Davide Crapis, to advance Ethereum as the foundational layer for the AI economy and AI software development. The immediate focus is on implementing the ERC-8004 standard to enable seamless transactions between AI agents within the Ethereum ecosystem, with a release expected at the Devconnect conference in November. The long-term goal is to build decentralized AI infrastructure to prevent the monopoly of AI by a few large companies. The Foundation also announced research collaborations with several Silicon Valley companies.
9. Google launches new AI payment protocol, supporting credit card and stablecoin settlements link
Google has released a new payment solution that makes it easier for AI applications to send and receive payments. This open-source protocol supports not only credit cards and other payment methods, but also stablecoins. To achieve compatibility with stablecoins, Google partnered with the crypto exchage Coinbase, which has built its own AI and crypto payment solution. Google is also collaborating with other crypto companies, including the Ethereum Foundation.
10. The DAT industry is undergoing an accelerated reshuffle, and small and medium-sized companies may be trapped in a "death spiral." link
Standard Chartered Bank warns that the market net asset value (mNAV) of digital asset treasury (DAT) companies has recently collapsed, posing a valuation crisis for Bitcoin, Ethereum, and Solana treasury companies and potentially forcing smaller firms out of the market. Several well-known DATs have fallen below critical levels, potentially leading to industry consolidation and fragmentation. Large, low-cost companies like Strategy (MSTR) and Bitmine (BMNR), which offer staking returns, are more advantageous. Standard Chartered predicts that large companies will likely maintain their expansion by acquiring discounted peers, while most small and medium-sized treasury firms may enter a "death spiral."
Key financing events
Brera to be renamed Solmate, completes $300 million PIPE financing with support from the Solana Foundation and others
GRVT completes $19 million Series A funding round, led by ZKsync and Further Ventures
Fintech company Kredete announces the completion of $22 million in Series A fundinglink
Bio Protocol announces $6.9 million in funding link
Stablecore closes $20 million in funding to expand access to stablecoins and tokenized deposit services for community banks.
AI wallet project Senpi announces $4 million in seed funding, led by Lemniscap
Aggregator trading platform Titan announces completion of $7 million seed round of financinglink
For more industry funding events, please visit crypto-fundraising.info .
