Today's news tips:
1. Macroeconomic Outlook for Next Week: The Fed’s Rate Cutting Pace May Slow Down, Beware of PCE Destroying All Expectations
2. Arthur Hayes: After the US Treasury's TGA account reaches $850 billion, the crypto market will enter a "rising but not falling" mode
3. Vitalik's new article: Low-risk DeFi is to Ethereum what search is to Google
4. Binance Alpha will distribute airdrops at 4 PM today, with a minimum of 220 points.
5. Bless (BLESS) will be listed on Binance Alpha and Binance Futures
6. Arthur Hayes: After the US Treasury's TGA account reaches $850 billion, the crypto market will enter a "rising but not falling" mode
7. This week, NFT transaction volume rebounded by 1.27% to US$108.6 million, and the number of buyers and sellers increased by more than 50%.
8. Ten new wallets suspected to belong to the same entity withdrew a total of 50.1 million ASTER tokens from Aster
Macro
Wall Street concluded its much-anticipated Federal Reserve week, with U.S. stocks hitting record highs as the prospect of further rate cuts boosted corporate earnings outlooks and risk appetite. Despite calls for a temporary reprieve after the S&P 500 rebounded nearly $15 trillion from its April low, bullish sentiment still prevailed. Here are the key points the market will focus on in the new week:
At 21:45 on Monday, FOMC permanent voting member and New York Fed President Williams will deliver a speech on monetary policy and economic outlook;
At 10:00 PM on Monday, St. Louis Fed President and 2025 FOMC voting member Moussallem will deliver a speech on the U.S. economic outlook and monetary policy.
At 00:00 on Tuesday, Hammack, a 2026 FOMC voting member and President of the Cleveland Fed, will deliver a speech on the U.S. economy; Barkin, a 2027 FOMC voting member and President of the Richmond Fed, will deliver a speech on the economic situation;
At 10:00 PM on Tuesday, Atlanta Fed President and 2027 FOMC voting member Bostic will deliver a speech on the economic outlook.
At 04:10 on Thursday, Daly, the 2027 FOMC voting member and President of the San Francisco Fed, will deliver a speech;
At 20:20 on Thursday, Goolsbee, a 2025 FOMC voting member and president of the Chicago Fed, will deliver a speech;
At 9:00 PM on Thursday, FOMC permanent voting member and New York Fed President John Williams delivered a welcome speech at the Fourth Annual Conference on the International Role of the US Dollar.
At 01:00 on Friday, Federal Reserve Board Governor Barr will deliver a speech on bank stress testing;
At 03:30 on Friday, Daly, the 2027 FOMC voting member and President of the San Francisco Fed, will deliver a speech;
At 9:00 PM on Friday, Barkin, a 2027 FOMC voting member and president of the Richmond Fed, will deliver a speech.
Federal Reserve Board Governor Bowman will deliver a speech at 22:00 on Friday.
While the Federal Reserve implemented a 25 basis point rate cut as expected, the newly released dot plot suggests only two more rate cuts this year, signaling a slower pace of easing. This stands in stark contrast to the market's previous expectations of an aggressive easing path. Marc Chandler of Bannockburn Forex noted that the market had been pricing in a more dovish Fed, but the relatively tighter stance has forced a recalibration of market strategies.
Jilin High Court discloses a case of using virtual currency to help launder stolen money
According to the official account of the Jilin Provincial Higher People's Court, the Longjing Municipal People's Court in Jilin Province recently heard a case involving concealing and hiding criminal proceeds. Four defendants were convicted of laundering the proceeds by purchasing gold for a telecom fraud scheme and selling it for cash. They were also sentenced to prison terms ranging from two to one year and fined between 10,000 and 20,000 yuan. The defendants reportedly transacted over 789,000 yuan, of which over 452,000 yuan was verified to be fraudulent.
Viewpoint
Coinbase CEO: We will build a financial super application to replace traditional banks
In an interview with Fox Business, Coinbase CEO Brian Armstrong confirmed that the company's vision is to build Coinbase into a full-service crypto "super app" that replaces traditional banks. The company plans to offer a full suite of financial services, from payments to credit cards and rewards, all powered by crypto. He said: "Yes, we do want to be a super app that offers a variety of financial services, and I think cryptocurrency has the right to do that."
BitMEX co-founder Arthur Hayes said the crypto market will enter a "growth-only" mode once the U.S. Treasury reaches its goal of injecting $850 billion into the Treasury General Account (TGA). "With the liquidity dry up, the 'growth-only' trend will resume," Hayes wrote, as the TGA's opening balance surpassed $807 billion. When the Treasury fills its general account, the funds are typically segregated and prevented from flowing into private markets.
However, not all analysts are convinced by Hayes' prediction that liquidity will flow into financial markets once the U.S. Treasury meets its targets. André Dragosch, head of European research at investment firm Bitwise, responded: "Nevertheless, the correlation between net liquidity and Bitcoin and cryptocurrencies is at best tenuous. In my opinion, it's completely useless."
Vitalik's new article: Low-risk DeFi is to Ethereum what search is to Google
In a new article titled "Low-risk DeFi Can Be for Ethereum What Search Was for Google," Ethereum co-founder Vitalik Buterin argues that low-risk DeFi is to Ethereum what search was to Google. He argues that compared to Google's search and advertising, a focus on low-risk DeFi can better sustain Ethereum's ecosystem economically while maintaining consistency in culture and values. Low-risk DeFi is already supporting the Ethereum economy, making the world a better place even today, and creating synergies with the many experimental applications being built on Ethereum. This is a project everyone should be proud of.
Project News
Binance Alpha Launches Froggie, Eligible Users Can Claim 800 FROGGIE Tokens Airdrop
According to an official announcement, Froggie (FROGGIE) is now available on Binance Alpha. Eligible Binance users can claim an airdrop of 800 FROGGIE tokens using 200 Binance Alpha Points on the Alpha event page. The point threshold will automatically decrease by 15 points every hour until all rewards are distributed. Please note that claiming the airdrop will cost 15 Binance Alpha Points. Users must confirm their claim within 24 hours on the Alpha event page; otherwise, they will forfeit the airdrop.
Bless (BLESS) to be listed on Binance Alpha and Binance Futures
According to an official announcement, Binance Alpha will list and open trading for Bless (BLESS) at 5:00 PM (ET) on September 23rd. Additionally, Binance Futures will launch BLESSUSDT perpetual contracts at 5:30 PM (ET) on September 23rd, offering up to 50x leverage. Eligible users can claim the airdrop using Binance Alpha Points on the Alpha event page after trading on Alpha opens. Further details will be announced separately.
Binance Alpha will distribute airdrops at 16:00 today, with a threshold of 220 points.
According to the official announcement, Binance Alpha will distribute airdrops at 4 PM today. The airdrop project has not yet been announced. The airdrop will be carried out in two phases:
- Phase 1 (first 18 hours): Users with at least 220 Alpha Points can claim the airdrop.
- Phase 2 (Last 6 Hours): Users holding at least 200 Alpha Points will be eligible to participate in the airdrop on a first-come, first-served basis. If rewards are not fully distributed, the point threshold will automatically decrease by 15 points per hour.
NUMINE (NUMI) Now Listed on Binance Alpha
According to an official announcement, NUMINE (NUMI) is now listed on Binance Alpha. Eligible Binance users can use Binance Alpha Points to claim an airdrop of 335 NUMI tokens within 24 hours of the start of trading on the Alpha event page. Please note that claiming the airdrop will cost 15 Binance Alpha Points. Users must confirm their claim within 24 hours on the Alpha event page; otherwise, they will forfeit the airdrop.
Binance HODLer Airdrop Launches 0G (0G), Spot Trading Launches on September 22
According to an official announcement, Binance HODLer Airdrop has launched the 42nd project – 0G (0G), a decentralized AI layer 1 (L1) blockchain that can coordinate hardware resources and software assets to process AI workloads at scale.
Between 08:00 AM on September 15, 2025, and 07:59 AM on September 18, 2025 (GMT+8), users who subscribe to guaranteed principal earning (fixed and/or demand) or on-chain earning products using BNB will receive an airdrop. HODLer airdrop information is expected to be available within 24 hours, and new tokens will be distributed to users' spot wallets at least one hour before trading begins.
Binance will list 0G at 6:00 PM (GMT+8) on September 22, 2025, and will open trading pairs with USDT, USDC, BNB, FDUSD, and TRY. Seed tag trading rules will apply. 0G deposits will open at 7:00 PM (GMT+8) on September 21, 2025.
Important data
CryptoSlam data shows that NFT market transaction volume increased by 1.27% over the past week, reaching $108.6 million. Market participation has rebounded, with the number of NFT buyers increasing by 53.24% to 276,735 and the number of NFT sellers increasing by 67.19% to 206,669. However, the number of NFT transactions decreased by 6.65% to 1,630,579.
Ethereum network transaction volume reached $46.7 million, a 42.85% surge from the previous week. Mythos Chain network transaction volume reached $12.15 million, down 21.91%. Bitcoin network transaction volume reached $9.82 million, down 2.17%.
This week's high-value transactions include:
- BOOGLE sold for 1,380 SOL ($324,846 USD)
- CryptoPunks #8521 sold for 55.48 ETH ($255,288 USD)
- CryptoPunks #4420 sold for 56.388 ETH ($254,250)
- CryptoPunks #2642 sold for 52.1 ETH ($239,735)
- CryptoPunks #1180 sold for 49.89 ETH ($232,394)
According to Lookonchain monitoring, wallet 0x7B4C deposited the remaining 1,757 ETH (US$7.88 million) into Kraken after four years of dormancy, making a profit of approximately US$3.88 million.
According to on-chain analyst @ai_9684xtpa's monitoring, the address 0x7B4...3eDB5, which has held ETH for four years, is suspected of liquidating its holdings. It withdrew 1,893 ETH for US$2,426 in April 2021 and recharged 1,757 ETH to Kraken 3 hours ago. If sold, it will make a profit of US$3.616 million.
According to on-chain analyst Yu Jin, 50.1 million ASTER tokens (US$80.16 million) were withdrawn from Aster to 10 newly created wallets in the past hour, with each address holding approximately 5 million ASTER tokens. These 10 addresses belong to the same person/entity: the gas in these addresses was first withdrawn to the Tron chain via ChangeNOW, then converted to BNB via a cross-chain exchange and transferred to the BSC chain address that received the ASTER tokens.
Financing/Acquisition
According to Hong Kong Economic Times, Adrian Cheng, former CEO of New World Development and grandson of Chow Tai Fook founder Cheng Yu-tung, has been stepping down from various family businesses since last year. He has now announced the establishment of ALMAD Group, a conglomerate focused on nine new industries, investing in mainland China, ASEAN countries, the Middle East, and other regions. The group is focusing on three key areas: first, investing in innovative industries in emerging markets, including culture, entertainment, sports, media, healthcare, business management, and the cultural tourism sector; second, exploring new breakthroughs in digital and virtual assets, including tokenization of digital assets and real-world assets (RWAs), and other emerging investment opportunities; and third, expanding the K11 by AC cultural ecosystem globally.
