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On the evening of September 12, the cryptocurrency market changed suddenly!

A number of important developments were revealed, with new opportunities and challenges coexisting!

A quick overview of important developments on the evening of September 12

Market dynamics:

• Grayscale's new layout: Grayscale Investments announced that it will launch the first US XRP Trust Fund, bringing new investment opportunities to the market.

• CARV Accelerator: CARV officially launched a $50 million accelerator program to fund the development of the data ecosystem.

Product and technology innovation:

• Coinbase's new move: Coinbase launched cbBTC, which will run on the Ethereum mainnet and Base, bringing new trading options to the market.

• Accolade Fund Raising: Accolade successfully raised more than $135 million in funds and plans to allocate it to two new funds to further expand its business scope.

Market views and forecasts:

• Standard Chartered Bank's views: Standard Chartered Bank expressed the view that Bitcoin may hit a new high by the end of the year, while pointing out that the results of the US election have limited impact on it.

Security and risk warnings:

• Malware alert: Scam Sniffer issued a warning that cryptocurrency users should be wary of the malware Fato Reader to ensure the safety of their funds.

Policies and plans:

• Russian Central Bank Plan: The Russian Central Bank revealed plans to support the use of digital rubles in retail and commercial sectors by July 2025 and promote the popularization of digital currencies.

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