Hyperliquid Perpetual Contract Launched on SKY

On September 17th, as reported by The Block, Paul Grewal, Coinbase's Chief Legal Officer, sent a letter to the U.S. Department of Justice. In the letter, he requested that federal regulators give priority to addressing state-level regulations that conflict with national crypto policies and establish a unified regulatory framework. Although the SEC dropped its charges against Coinbase, Oregon has filed a lawsuit against the exchange, claiming that it encouraged the sale of unregistered crypto assets. Grewal pointed out that fragmented state-level regulations, which utilize "novel, expansive, and flawed" interpretations of securities laws, hinder innovation and harm consumer interests. Coinbase has appealed the Oregon case to the federal court and filed a lawsuit against the state's governor.

September 17th. Based on HTX market data, ALPHA witnessed a significant surge of over 60% in a short span. It is currently trading at $0.02669. Previously, it was reported that Binance Futures will carry out an automatic liquidation of the ALPHAUSDT Perpetual Contract at 17:00 (UTC+8) on September 23, 2025. After the liquidation, the mentioned Perpetual Contract trading pair will be delisted.

September 17th. As per official information, Binance Futures is set to automatically perform deleveraging on the ALPHAUSDT U perpetual contract at 17:00 (UTC+8) on September 23, 2025. After the deleveraging is completed, the trading pair of the above U perpetual contract will be delisted.

On September 17th, as monitored by on-chain analyst Yu Jin, the address of the suspected institutional investor Maven 11 withdrew 4.03 million ENA (equivalent to 2.76 million US dollars) from Binance one hour ago. In the past two days, a total of 30.08 million ENA (20.63 million US dollars) was withdrawn. Another ENA investor address (possibly YZi Labs) transferred 5 million ENA (3.4 million US dollars) to Binance one hour ago. In the past three weeks, a total of 54 million ENA (37.8 million US dollars) was transferred to Binance.

On September 17th, the analyst David Kohl from Baosheng Group stated in a report that the Federal Reserve will reduce interest rates by 25 basis points. Recent US economic data has demonstrated weakness, suggesting that the Fed may continue to cut interest rates at each meeting until March 2026. This chief economist pointed out that this will lead to a shift in US monetary policy from its current restrictive stance to a neutral stance. He said, "We anticipate that the US economy will maintain a balanced growth trend in the coming months, providing a reasonable foundation for the monetary policy to gradually transition from a restrictive stance to a neutral stance." (FXStreet)

On Monday, September 17th, Deutsche Bank increased its forecast for the gold price next year. It is expected that the average price will be $4000 per ounce, which is higher than the previous $3700. The bank stated that a favorable foreign exchange and interest rate environment may further boost the gold price. In the report, Deutsche Bank pointed out: "Although gold seems expensive compared to its fair value, we think this is mainly due to strong official demand, and we expect this demand to continue." Meanwhile, Deutsche Bank also raised its forecast for the 2026 silver price to $45 per ounce, which is higher than the previous estimate of $40. (FXStreet)