Overview of recent major eventsđč:
China's monetary policy adjustment: China's central bank announced an important decision on Thursday to reduce the bank's deposit reserve ratio by 0.5 percentage points. This move is expected to inject up to 1 trillion yuan (about 142 billion U.S. dollars) of liquidity into the market. Market analysts generally predict that with the increase in liquidity, a large amount of Chinese capital may flow into the cryptocurrency market, bringing new vitality to the industry.
SEC's regulatory actions on TrustToken and TrueCoin: The U.S. Securities and Exchange Commission (SEC) recently filed fraud charges against TrustToken and its stablecoin TUSD, pointing out that 99% of TUSD's reserves were invested in high-risk undisclosed offshore funds. Subsequently, the two companies reached a settlement agreement with the SEC and each paid a fine of US$163,766 to resolve the relevant disputes.
**BlackRock ETH spot and options approval postponedââ: The SEC has announced that the approval decision of BlackRock on ETH spot and options products, which was originally scheduled to be announced recently, will be postponed to November 10, which has aroused further market attention to the direction of cryptocurrency regulatory policies.
**Coinbase launches ZKââ: Coinbase, a well-known cryptocurrency trading platform, announced that it will officially launch the trading service of ZK tokens at 9 am Pacific Time on September 25. This news undoubtedly injected strong momentum into the development of $ZK and the projects behind it.
**Ethena launches eUSDââ: The Ethena project, together with Eigenlayer and Ether.fi, jointly launched eUSD as a re-staking token for $USDe. This innovative move aims to further enhance the stability and ease of use of cryptocurrencies.
New members join the ASI Alliance: The ASI Alliance officially announced that CUDOS has joined its ranks and will merge with FET. This cooperation will further enhance the strength and influence of the ASI Alliance in the field of blockchain and cryptocurrency.
