🆘 What happened in Crypto in the last 12h? 🆘

• Powell said that the recent 50bp rate cut should not be interpreted as a sign that future rate cuts will be aggressive, but rather that the next rate cut will be smaller(25bp). This is contrary to market expectations for more aggressive QE.

• Japan is set to review its regulations on crypto. This could mean a lower crypto tax rate and the possible opening of a crypto ETF in Japan.

• Trump's DeFi platform WLFI opens whitelist registration; participants must undergo KYC and are eligible for non-US residents and US accredited investors.

• $EIGEN - Today, several CEXs have announced the listing of $EIGEN. $EIGEN is scheduled to unlock at sept 30th 4am UTC. Listing times on major cex > Bybit: 4am, Binance: 5am, OKX: 6am (UTC)

• $ENA - A governance proposal for Ethereal Exchange, a USDe-based DEX, has appeared. Ethena team has mentioned plans to place liquidity on other DEXs, including Hyperliquid. Additionally, holders of $sENA are allocated 15% of the Ethereal governance tokens.

• $STMX - StormX merges with #EARNMrewards and announces plans to swap $STMX for $EARNM.