Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

On September 20th, FTX declared that it would carry out a ~$1.6 billion third distribution on September 30th, 2025. This distribution will be made to approved creditors within the convenience and non-convenience tranches who have fulfilled the pre-allocation requirements. It is expected that eligible creditors will receive funds within 1 to 3 business days starting from September 30th, 2025, through their selected allocation service provider.

On September 20th, Federal Reserve Board Governor Milan said, "I will make efforts to convince other policymakers to lower interest rates at a faster pace." (Golden Ten)

On September 20th, the close of the U.S. stock market: The Dow closed with a gain of 172 points. The S&P 500 rose by 0.49%, and the Nasdaq rose by 0.72%. Tech giant stocks exhibited divergent performances. Oracle (ORCL.N) increased by 4%, Apple (AAPL.O) went up by 3.1%, while Intel (INTC.O) decreased by 3.2%. (FXStreet)

On September 20th, Musk responded to reports that XAI, which was valued at $200 billion, had raised $10 billion. He said, "This is fake news. XAI currently has not raised any funds." Earlier, CNBC reported that sources revealed that Elon Musk's artificial intelligence startup xAI is raising $10 billion from investors, and this fundraising round values the company at $200 billion. This once again reflects the trend of the soaring valuations of companies developing foundational artificial intelligence models. Earlier this month, Anthropic raised $13 billion and was valued at $183 billion. The industry's largest company, OpenAI, achieved a valuation of $500 billion through a secondary stock sale. It is reported that this financing round took place after Musk raised $10 billion a few weeks ago through debt and equity financing, and at that time, the market believed that xAI was valued at around $150 billion. (Jinshi)

On September 20th, Federal Reserve Governor Milan said, "It is expected that interest rates will continue to be lowered in the coming months." (Xinhua)

On September 20th, ByteDance announced that it will carry out relevant work in accordance with the legal requirements of China to enable the US entity of TikTok to continue to serve the large number of American users. (Golden Ten)