CZ: BNB Hits New All-Time High, Keep Building

On September 18th, as per an official announcement, the Layer 2 infrastructure protocol Syndicate's mainnet has been launched today along with the TGE. As of the time of this writing, the SYND token is being traded at $1.84. Given a total token supply of 1 billion, the protocol's fully diluted value (FDV) reaches $18.4 billion. Syndicate, which was formerly a decentralized investment platform, completed a $20 million Series A funding round in 2021 and was led by a16z.

On September 18th, according to HTX market data, Bitcoin briefly fell below $117,000 and is currently trading at $117,067.

On September 18th, CryptoQuant analyst Axel Adler Jr. posted on Platform X that the trading price of BTC futures is higher than the spot price. The basis remains positive, with the 7-day average above the 30-day average, indicating a bullish state. Overheating/divergence signals emerged before the Federal Open Market Committee, showing short-term overheating (the basis rising with light volume), suggesting that this trend is in a late stage. The fundamental situation for the next two weeks (with a possibility of 70%): a gradual upward trend or sideways consolidation. If a set of green trend confirmation signals (price increase + basis increase + OI increase) appears in the next few days, it will indicate new long participation and increase the likelihood of a new all-time high (ATH).

On September 18th, Ripple's CEO Brad Garlinghouse stated in an interview that the approval of a spot XRP ETF is "unavoidable." He expects the U.S. Securities and Exchange Commission to give the green light to some or all of the pending applications by the end of the year. Currently, companies such as Bitwise, Franklin Templeton, and Canary have submitted relevant applications. He also anticipates that the XRP token will eventually become a part of the U.S. government's crypto reserves. Analysts are optimistic about the potential for fund inflows into a XRP ETF. The CEO of Crypto.com predicts that these funds will attract $8 billion in inflows in the first year, and JPMorgan Chase has also provided a similar forecast. (Themarketperiodical)

On September 18th, Bloomberg ETF analyst Eric Balchunas stated in an article that if the SEC adopts a unified listing standard, it could have a substantial impact on the cryptocurrency ETP space. Historically, the last time the U.S. Securities and Exchange Commission (SEC) implemented such standards for ETFs, the number of listings saw a doubling. He pointed out that there could be more than 100 cryptocurrency ETFs listed within the next 12 months.

On September 18th, as reported by Bloomberg and other foreign media, on Tuesday, a passenger plane of Spirit Airlines Inc. in the United States had a dangerously close encounter with the Boeing 747 special plane carrying U.S. President Trump and First Lady Melania on their way to London in the congested airspace over New York. According to sources, when Air Force One and Spirit Airlines Flight 1300 (an Airbus A321 plane flying from Fort Lauderdale to Boston) were flying over Long Island, air traffic controllers noticed that the two aircraft were at a similar altitude and their flight paths were intersecting. The controller tried multiple times to alert the Spirit Airlines pilot to change course and even rebuked, "Stay focused!" In response, the Federal Aviation Administration (FAA) in the United States said that it had noticed the relevant social media content and confirmed that there were no safety issues. "The aircraft maintained the required separation from each other," the agency