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

U.S. Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce issued a statement on the commission’s approved "Innovation Exemption". The exemption is a temporary, conditional arrangement that allows "Tokenized Securities Venues (TSVs)" to trade National Market System (NMS) stocks on-chain. TSVs offer Automated Market Maker (AMM) liquidity pools and set participant admission standards, and are exempt from the definition of an "exchange" under the Securities Exchange Act. Specific liquidity providers supplying TSVs are exempt from the definition of a "dealer". Issuers whose stocks are traded on TSVs can opt out if they do not wish to have their securities listed there. The exemption is open to U.S. entities, including both existing institutions and new market entrants. Peirce stressed that the commission does not presume that parties relying on the exemption will automatically fall under the definitions of "exchange" or "dealer"; instead, it plans to first observe who is using it and how it is being utilized before making regulatory determinations. She clearly defined the boundaries of the order: this is not about decentralized finance (DeFi). Truly decentralized systems driven by automated software do not raise fundamental securities regulatory concerns—specifically, the risk that intermediaries trusted by investors may act imprudently, negligently, or be compromised. Investors using permissionless smart contracts for peer-to-peer transactions do not need an exemption at all. TSVs are just one model for on-chain securities trading; the commission is open to other models, and on-chain trading models that can meet the requirements of the current Securities Exchange Act may not require an exemption in the first place.

According to HTX market data, ZEC has surged past $1400, hitting $1420, with a more than 13% gain in the past 24 hours.

Aave founder Stani commented on the SEC’s approval of limited trading of tokenized stocks on on-chain platforms, noting: "A special treatment for innovation has emerged, and this is of major significance for the on-chain finance sector."

Sept 17 Update: #Bitcoin ETFs: 1D NetFlow: -4,300 $BTC(-$328M)?? 7D NetFlow: -12,061 $BTC(-$919.92M)?? #Ethereum ETFs: 1D NetFlow: -76,217 $ETH(-$186.28M)?? 7D NetFlow: -32,343 $ETH(-$79.05M)??

According to BIT (bit.com) market data, after the opening of US stock trading, the semiconductor and storage sector, crypto-related stocks, and optical communication sector all rallied across the board. Specific gains are as follows: In the semiconductor and storage sector: Seagate Technology (STX) rose 1.93%; Western Digital (WDC) gained 1.92%; SanDisk (SNDK) jumped 6.16%; Micron Technology (MU) increased 5.62%; SK Hynix ADR rose 5.57%; DRAM ETF climbed 4.28%; NVIDIA (NVDA) added 1.87%; Intel (INTC) gained 4.48%; Advanced Micro Devices (AMD) rose 3.53%; Broadcom (AVGO) increased 2.61%; Qualcomm (QCOM) gained 2.83%. In crypto-related stocks: Strategy (MSTR) rose 2.41%; Coinbase (COIN) gained 1.57%; Circle (CRCL) jumped 3.29%; BitMine Immersion (BMNR) increased 3.16%; SharpLink Gaming (SBET) rose 3.13%. In optical communication-related stocks: Pure Photonics ETF (FOTO) climbed 3.32%; Marvell Technology (MRVL) jumped 6.04%; Applied Optoelectronics (AAOI) gained 4.11%; Lumentum Holdings (LITE) added 1.25%; Coherent Corp. (COHR) rose 4.42%; Ciena Corporation (CIEN) increased 6.13%; Fabrinet (FN) gained 2.66%; AXT Inc. (AXTI) rose 4.34%; Nokia (NOK) jumped 5.63%.

According to monitoring by Onchain Lens, address 0xf02d...3454c6 sold 3.4364 million HYPE spot tokens today, valued at roughly $27.45 million, while still holding a HYPE short position worth approximately $30.23 million. The address has incurred a $5.82 million loss over the past 30 days, with a cumulative lifetime loss of $6.79 million.