Federal Reserve Cuts Interest Rates by 25 Basis Points, Meeting Market Expectations
The Federal Reserve announced at the latest Federal Open Market Committee (FOMC) meeting that it would lower the federal funds rate by 25 basis points to a range of 4.00%–4.25%, marking the first rate cut since December of last year. This move primarily addresses the weakness in the U.S. labor market, where the average number of new jobs added from May to August was only 27,000, significantly lower than the 123,000 jobs at the beginning of the year.
Federal Reserve Chairman Jerome Powell stated that this rate cut is a "risk management" measure aimed at supporting the dual goals of maximum employment and price stability. Although the Fed hinted at the possibility of two more rate cuts before the end of the year, Powell emphasized that inflation risks still exist, and the policy path will remain cautious.
Trump Extends TikTok Ban Grace Period for the Fourth Time
On September 16, President Trump signed an executive order extending the grace period for the enforcement of the TikTok ban in the U.S. to December 16, marking the fourth extension since January 19, 2024. This move aims to provide more time for ByteDance to complete the divestiture of its U.S. operations.
According to the preliminary agreement, U.S. investors will hold 80% of TikTok's U.S. operations, while ByteDance's stake will be reduced to below 20%, and the Chinese government will not have access to U.S. user data. Despite facing national security and data privacy challenges, both parties are still working to reach an agreement to avoid the implementation of a full ban.
Zhao Changpeng Updates X Account Bio, Suggesting Possible Return to Binance?
Binance founder Zhao Changpeng (CZ) updated his personal bio on the X platform from "ex-@binance" to "@binance," which is seen as a signal that he may be returning to Binance.
Recently, Binance has been negotiating with the U.S. Department of Justice to lift the compliance monitor's appointment, which, if successfully completed, would mark a significant turning point in Binance's compliance status in the U.S.
Bio Protocol Completes $6.9 Million Seed Round Financing Led by Maelstrom Fund
On September 17, decentralized science platform Bio Protocol announced the completion of a $6.9 million seed round financing, led by Maelstrom Fund, with participation from Mechanism Capital, Animoca Brands, and Atria Ventures. The funds will be used to expand its AI-driven research platform, particularly to develop autonomous AI scientists called BioAgents, aimed at accelerating drug development and research funding management.
Yunfeng Financial Group's Wholly-Owned Subsidiary Completes RWA Tokenization of FOF Fund Investment Shares
Yunfeng Financial Group announced this week that its wholly-owned subsidiary successfully completed the RWA tokenization project for FOF (fund of funds) investment shares, which primarily invests in alternative assets, including direct or indirect involvement in credit and real estate-related debt securities markets. This was achieved by issuing a portion of the fund's investment shares in token form.
Previously, Yunfeng Financial Group had acquired 10,000 Ethereum (ETH) as a strategic reserve asset to provide infrastructure support for RWA tokenization.
Ju.com Platform Token JU Experiences Abnormal Fluctuations This Week
The Ju.com platform token JU experienced severe price fluctuations this Wednesday, dropping from $23.97 to $6 within 24 hours, a decline of 74.96%, causing panic among investors. The trading volume exceeded $1 billion that day, indicating tense market sentiment. Ju.com’s official statement noted that the price fluctuations were mainly influenced by market conditions and external liquidity, and that platform operations and user asset security were unaffected.
Trump-Nominated Federal Reserve Board Candidate Stephen Miran Confirmed as Board Member
On September 16, the U.S. Senate narrowly confirmed President Trump's nominee, economic advisor Stephen Miran, as a Federal Reserve Board member with a vote of 48 to 47, filling the vacancy left by former board member Adriana Kugler's resignation.
Base Network Considers Launching Native Token
On September 15, the Ethereum Layer 2 network Base, supported by Coinbase, announced that it is exploring the possibility of launching a native token, with no specific timeline or design plan currently available.
Base had previously adhered to a "no token" policy, focusing on building low-cost, high-performance, developer-friendly infrastructure. However, as the ecosystem develops and community engagement increases, the team believes that a token could accelerate the decentralization process and create opportunities for developers and creators. Base also announced the open-sourcing of the Solana cross-chain bridge to enhance interoperability between chains.
UK Financial Conduct Authority Proposes Exempting Some Crypto Asset Companies from Traditional Financial Rules
On September 17, the UK Financial Conduct Authority (FCA) released a consultation document proposing to exempt certain traditional financial rules for crypto asset companies when it formally regulates them in 2026, in order to accommodate the unique risks and characteristics of the crypto industry. Specifically, the FCA plans to waive requirements for crypto companies regarding integrity, skills, prudence, and prioritizing customer interests, and is considering whether to apply consumer protection obligations to the crypto industry.
CoinDesk: Multiple Executives Depart from Crypto Exchange Kraken
According to CoinDesk, the cryptocurrency exchange Kraken has recently undergone significant personnel changes, with several executives leaving the company. This includes David Olsson, head of global institutional sales; Shannon Kurtas, head of the exchange and vice president of product; Jeff Kramer, director of over-the-counter trading; and Sanjay K., head of over-the-counter trading for the Americas.
Kraken is preparing for a planned IPO in the U.S. in early 2026 and has recently conducted multiple rounds of layoffs, hiring Arjun Sethi as co-CEO to lead the company alongside current COO Dave Ripley.
Coinbase to Launch New Index Futures Covering Tech Giants and Crypto ETFs
Coinbase will launch a new index futures product on September 22. The index is constructed with equal weighting and includes 10 components: in addition to Coinbase's own stock, it also includes leading tech companies such as Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla, as well as BlackRock's spot Bitcoin ETF and Ethereum ETF. Each component will account for 10%.
Falcon Finance to Launch FF Token Community Sale from September 22 to 23
DWF Labs' stablecoin project Falcon Finance announced that it will conduct a community sale for the FF token on the BuidlPad platform from September 22 to 23, with a target fundraising amount of $4 million. The project team stated that after the community sale, the funds will primarily be used for protocol expansion, product development, and global market expansion, further promoting the practical application of stablecoins.
Token Unlocks
Murasaki will release 10 million MURA tokens on September 23, accounting for approximately 1.09% of the current circulating supply.
Venom will release 59.26 million VENOM tokens on September 25, accounting for approximately 2.28% of the current circulating supply.
Tribal Token will release 14.42 million TRIBL tokens on September 26, accounting for approximately 1.96% of the current circulating supply.
Related: Ethereum Core Developers Tentatively Set Fusaka Upgrade for December 3
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