1. Trump: The crypto industry is in its infancy but has great potential, and will increase energy supply to the crypto industry.

2. Qatar Financial Center launches digital asset lab.

3. Two former SEC staff members will attend a hearing on the politicization of crypto regulation.

4. Senator Warren called on the Federal Reserve to cut interest rates by 75 basis points at its next meeting.

5. Tether’s dollar-denominated stablecoin already controls two-thirds of the market, with its market share increasing by 20% over the past two years.

6. Zhao Changpeng will be released on September 29th.

7. Vitalik: Sole stakers may be the key to Ethereum’s long-term security.

Translation: Blockchain in Vernacular

Decentralized finance (DeFi) yields are poised to pick up as expectations for a Federal Reserve rate cut approach, with a 25 or 50 basis point cut likely on Wednesday, according to analysts at research and brokerage firm Bernstein.

“With rate cuts on the horizon, DeFi yields look attractive again. This could be the catalyst to restart crypto credit markets and reignite interest in DeFi and Ethereum,” Gautam Chhugani, Mahika Sapra and Sanskar Chindalia wrote in a client note on Monday.

DeFi enables global participants to earn returns on stablecoins such as USDC and USDT by providing liquidity to decentralized lending markets.

Vitalik Buterin tweeted that Layer 2 (L2) technology is finally becoming affordable, which is the key to popularizing decentralized finance (DeFi). As early as 2020, he proposed that low transaction fees are fundamental to the success of the crypto industry, which has only recently become a reality. Robert Sasu, a core engineer at MultiverseX, responded that L2 is currently only cheap in a centralized situation. Vitalik disagrees with this view and points out that Taiko is a decentralized based rollup solution, indicating that the fees of decentralized L2s like Taiko have reached an affordable level. Sasu agreed, but added that rollup-based solutions are still in the minority and hopes that more projects can migrate to this architecture.

QCP Capital posted on its official channel that after breaking through the $61,000 mark last weekend, the cryptocurrency fell after Trump's second assassination attempt. Before the Asian opening, nearly $70 million of short positions were liquidated due to lack of liquidity, exacerbating the decline. It is worth noting that Bitcoin rose 13.8% from $58,000 to $66,000 in the same week as Trump's first assassination attempt on July 13. TOKEN2049 is underway, and the FOMC meeting will be held on Wednesday (September 18), and uncertainty remains around whether to cut interest rates by 25 basis points or 50 basis points. As the Fed approaches its first rate cut in this round, market tensions are increasing, which will amplify the impact of any unexpected macro data. The probability of a 50 basis point rate cut has jumped from 30% last Monday to 59%. This is reflected in the increasing volatility, with Bitcoin's implied volatility rising by 8 and Ethereum's by 20 last Friday.

1. Galaxy Digital research director: Trump's victory is more beneficial to altcoins than Bitcoin.

2. A shooting occurred near Trump's golf course. It was reported that the gunman was armed with an AK-47.

3. Trump faced two apparent assassination attempts, and lawmakers from both parties urged him to strengthen his security protection.

4. Polymarket data: Trump's chances of winning the election increased by 1% after the shooting, but he still lags behind Harris.

5. Ultrasound.money data: Ethereum's net supply increased by 15,806 in the past 7 days.

6. Indian court prohibits police from freezing entire bank accounts in cryptocurrency fraud investigation.

Translation: Blockchain in Vernacular

Summary of key points:

Unlike the previous bull market which was driven by macroeconomic prosperity, the current crypto market is mainly affected by macroeconomic uncertainty.

ETFs are little more than “slow-release ibuprofen,” and the trend of cryptocurrencies converging with U.S. stocks has become a limiting factor on the industry’s growth potential.

Currently, it is only Bitcoin that is in a bull market, and altcoins have not shown any signs of improvement. The main reasons include insufficient innovation in the entire industry, lack of liquidity, and unreasonable valuations in the primary market, which have led to a lack of capital motivation and difficulty in achieving growth driven by trading volume.

Yat Siu, co-founder and executive chairman of Animoca Brands, said in a recent interview that there are a series of tokens that have performed poorly, but some tokens have performed well, such as Bitcoin, Ethereum, Solana and TON. The key difference is institutional support. Projects with institutional support tend to perform more stably, starting with Bitcoin ETF. The cryptocurrency industry is now entering the institutional era, which means that institutional support is needed to stand out. The traditional stock market is dominated by institutional investors, while the token market is dominated by retail investors. In the institutional investor market, projects will be carefully studied because they need strong purchasing power and long-term planning. In addition, Yat Siu also talked about the recently popular "Black Myth: Wukong". He said that he was proud that "Black Myth: Wukong" could become a global hit game. This is an interesting moment. The popularity of "Black Myth: Wukong" is also due to the early Asian game companies and the cultural prosperity dominated by Asia.