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In 2025, "Crypto Treasury" (DAT) became a sensational new asset allocation trend in the U.S. stock market, with over 200 publicly listed companies announcing plans to include crypto assets on their balance sheets. However, this capital frenzy has sparked widespread concerns about abnormal stock price volatility, asset bubbles, and insider trading. As a result, on September 24, the SEC and FINRA jointly announced investigations into more than 200 related listed companies.
On September 25, the highly anticipated Plasma native token XPL was officially launched, with the opening price once soaring to $1.6. Plasma subsequently initiated a large-scale 7-day liquidity incentive program (lasting until October 2), in collaboration with major DeFi protocols such as Aave, Euler, and Fluid. Users can earn WXPL (Wrapped XPL) rewards by depositing stablecoins (mainly USDT0) into these protocols, with some pools offering an annual percentage rate (APR) exceeding 35%.
- 23:35Overview of Major Overnight Developments on September 2721:00 (UTC+8) - 7:00 Keywords: SoftBank, TikTok, Solana ETF, Theta Capital 1. SoftBank and ARK are in talks to participate in Tether's major financing round; 2. ByteDance will receive about 50% of the profits from TikTok's US operations; 3. Canary has submitted an updated version of its Solana ETF S-1 application; 4. VanEck has submitted an updated version of its spot Solana ETF S-1 application; 5. Theta Capital plans to raise 200 million USD for its new blockchain fund of funds; 6. Eric Trump: Stablecoins will save the US dollar, and USD1 has attracted close attention in Washington; 7. SEC Chairman: The SEC should allow settlement parties to submit settlement proposals for both enforcement actions and related exemption requests simultaneously.
- 22:54Bloomberg ETF Analyst: CYBER HORNET Submits ETF Application Linked to S&P Cryptocurrency IndexJinse Finance reported that Bloomberg Senior ETF Analyst Eric Balchunas posted on X that CYBER HORNET has just filed an application for an S&P + XRP ETF, with the proposed ticker $XXX. At the same time, they also plan to launch S&P ETFs linked to Ethereum (ETH) and Solana (SOL).
- 22:54Bloomberg ETF Analyst: T Rex 2x BitMine ETF Reaches $32 Million in First-Day Trading VolumeJinse Finance reported that Eric Balchunas, Senior ETF Analyst at Bloomberg, posted on X that the 2x BitMine ETF (BMNU) launched by T Rex reached a first-day trading volume of $32 million, ranking third among approximately 650 newly issued ETFs this year in terms of first-day trading volume, behind only a certain exchange ETF and the Dan Ives ETF.