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Senate market structure bill draft proposes SEC–CFTC joint committee to end crypto turf wars
Senate market structure bill draft proposes SEC–CFTC joint committee to end crypto turf wars

Quick Take The latest draft of a major market structure crypto bill in the US Senate includes several changes that would codify protections for developers, clarify regulatory treatment of airdrops, exempt DePINs from securities laws, and more. The bill also calls on the SEC and CFTC to establish a joint advisory committee for digital assets, bringing together the regulators which sometimes treat crypto assets differently from each other.

The Block·2025/09/05 16:00
Ethena jumps 12% after treasury firm StablecoinX secures $530 million investment
Ethena jumps 12% after treasury firm StablecoinX secures $530 million investment

Quick Take Ethena’s native token jumped nearly 12% after StablecoinX, a treasury company associated with the synthetic dollar issuer, secured $530 million to build its ENA war chest. StablecoinX, which plans to list on Nasdaq under the ticker USDE in Q4, has raised $895 million in PIPE financing to date. StablecoinX will buy locked ENA from an Ethena Foundation subsidiary, while the subsidiary plans to buy $310 million worth of ENA tokens from spot markets over the next 6-8 weeks, the firm said. Stablecoin

The Block·2025/09/05 16:00
Michael Saylor Breaks Silence on Big S&P 500 Index Rejection
Michael Saylor Breaks Silence on Big S&P 500 Index Rejection

Strategy Chairman has finally broken the silence on S&P 500 rejection to have his firm on the Index, citing key milestones.

Coinspeaker·2025/09/05 16:00
Flash
16:52
Vitalik: Improving protocol comprehensibility is a key direction for trustlessness, and Ethereum needs to further simplify its design
According to Odaily, Ethereum co-founder Vitalik Buterin stated that an important but long-underestimated form of "trustlessness" is enabling as many people as possible to truly understand the entire operation of the protocol from start to finish. If only a very small number of people possess complete understanding, the system still faces implicit risks of trust centralization. Vitalik pointed out that Ethereum still has room for improvement in this regard. In the future, it will be necessary to enhance overall comprehensibility by simplifying protocol design and reducing system complexity. This will not only help expand the group of people who can participate in and audit the protocol, but will also strengthen the transparency, security, and long-term resilience of the Ethereum ecosystem.
16:49
A major whale’s heavy long positions were partially liquidated, with related addresses holding nearly $300 million in long positions cumulatively.
BlockBeats News, December 18, according to MLM monitoring, a certain whale address, after previously holding a large number of long positions worth tens of millions of dollars, recently experienced partial liquidation. The liquidated assets included 431,000 HYPE (approximately 11.1 million USD) and 1,960 ETH (approximately 5.6 million USD). Currently, this wallet still holds long positions: 1.726 million HYPE (approximately 44.6 million USD) and 7,841 ETH (approximately 22.3 million USD); in addition, it also holds nominal long positions worth about 230 million USD in XRP and ETH in another account.
16:48
Oracle's AI Halo Fades as Stock Price Nearly Halves from September High
Jinse Finance reported that the American financial website investinglive stated that after Oracle (ORCL.N) released its September financial report, its stock price once soared to $345, briefly making founder Ellison the world's richest person. Ellison positioned Oracle as "the backend infrastructure provider for the entire AI revolution," and investors fervently chased Remaining Performance Obligations (RPO), which became the core of bullish sentiment. However, two major factors completely shattered this bubble. The first is the reassessment of capital expenditure. In its Q2 financial report, the company raised its capital expenditure guidance for fiscal year 2026 to $50 billion, making investors realize that building data centers by issuing tens of billions in debt is not a "free lunch," and the market expressed concerns about its debt risk. The second is the delay in data center delivery. There are reports that the delivery time for the data center Oracle is building for OpenAI may be delayed until 2028. Previous optimism about Oracle was all based on speed, and if the speed advantage no longer exists, its high valuation loses support. The stock price of a certain exchange fell another 5% today, closing at $177, a plunge of nearly 50% from the September high.
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