10 #Bitcoin ETFs inflows 2,586 $BTC(+$247.92M) and 9 #Ethereum ETFs outflows 20,884 $ETH(-$70.69M) yesterday.

According to a Wall Street Journal (WSJ) report, a previously undisclosed internal Binance investigation revealed that Iranian financier Babak Zanjani used related companies, shell firms, and multiple trading accounts to transfer funds through Binance, establishing a Western sanctions-evasion financial channel for Iran’s Islamic Revolutionary Guard Corps (IRGC). The network involved 21 individual and corporate trading accounts, with a total transaction volume of approximately $850 million, of which at least $67 million flowed from two accounts to IRGC-linked wallets. The report noted that Sukhrob Oimakhmadov, a Tajik businessman classified by Binance as a "high-value customer," received over $10 million in funds via his account, with sources including digital wallets later identified by the Israeli Ministry of Defense as belonging to the IRGC. Zedcex, a crypto platform linked to Zanjani, recorded total transaction volume of nearly $830 million, with around $56 million withdrawn to relevant wallets. The network also included Turkish payment firm ZedPay and crypto token USDZ used for transactions. Binance stated it has identified the relevant activities and taken action: all accounts linked to sanctions violations have been restricted from trading and are being phased out. The company also emphasized that total account transaction volume does not equate to funds actually flowing to the IRGC, and acknowledged past process issues in internal approval and execution timeliness. The U.S. Treasury Department had previously imposed sanctions on Zanjani and related enterprises and individuals.

Arc announced in a statement that MoonPay has officially integrated into its blockchain network. Boasting over 30 million users, MoonPay supports purchasing USDC via multiple payment methods including bank cards, Apple Pay, Google Pay, and bank transfers, with funds transferred to Arc. The integration aims to provide more convenient fiat on-ramp channels for wallets, applications, and developers in the Arc ecosystem, lowering barriers for users to acquire USDC and access the on-chain ecosystem.

According to EmberCN’s monitoring, a whale address on Polymarket with the username "web3vc" withdrew 1.793 million UNI tokens from lending platform Venus around 20 minutes ago, worth approximately $13.18 million, and subsequently transferred the tokens to Binance. The UNI tokens were withdrawn from Binance to the BSC chain at an average price of around $9.12 last year before being deposited into Venus. At current valuations, if the whale chooses to sell, it would face an estimated loss of roughly $3.17 million. The transfer to the exchange may be in preparation for a potential sale, though it remains unconfirmed whether the whale has actually sold the tokens.

Franklin Templeton held discussions with staff from the U.S. Securities and Exchange Commission (SEC)’s Cryptocurrency Task Force yesterday on regulatory issues for tokenized fund transactions, exploring whether regulatory exemptions can be secured to allow tokenized money market funds and ETFs to trade on blockchain trading platforms and liquidity pools. Discussion topics include: whether investors can exchange tokenized money market fund shares for tokenized stocks or ETFs via trading pairs; whether liquidity providers may charge service fees; and whether relevant liquidity pools need exemptions from provisions of the Investment Company Act, Securities Act, and Securities Exchange Act. Existing rules set clear requirements for the trading price, pricing timing, and trading venues of fund shares, which may limit such on-chain transaction models. The SEC rolled out its Innovation Exemption Mechanism on September 17, permitting eligible blockchain platforms to conduct limited tokenized stock transactions provided they meet conditions including trading volume limits, shareholder rights protection, and smart contract audits. Franklin Templeton’s latest exploration extends regulatory discussions to tokenized fund shares and on-chain liquidity pools, though the relevant exemptions have not yet been approved.

After expanding its stock repurchase authorization to $235 billion, NVIDIA has begun emphasizing returning cash to shareholders using free cash flow (FCF) net of "strategic uses"—meaning external equity investments will also eat into cash available for buybacks and dividends. However, NVIDIA has not formally revised its traditional FCF calculation formula. Data shows that in the first half of its fiscal year ending July 26, NVIDIA posted a net cash outflow of $35.2 billion from equity investments, plus an additional $4.5 billion in cash withholding taxes related to employee stock vesting, and roughly $9 billion in buybacks used to offset share dilution from equity incentives. If these expenses are factored in, its FCF would drop from the official figure of $69.9 billion to around $21.7 billion, a reduction of roughly 69%. Over the same period, NVIDIA added $24.9 billion in long-term debt, which partially funded additional stock repurchases. While Wall Street projects its fiscal 2028 FCF will exceed $330 billion, if strategic investments continue to expand, the actual cash available for shareholder returns could be significantly lower than what the traditional metric suggests. NVIDIA’s investments in AI firms like OpenAI and Anthropic also create a circular flow of funds with its chip sales, sparking market concerns about the sustainability of the AI investment boom.

According to market sources, Pump.fun is developing perpetual contract trading powered by Hyperliquid.