On the eve of the Fed's decision, the yield on the 10-year Treasury note edged slightly lower.

On September 17th, the NASDAQ-listed company DeFi Dev Corp (DFDV) declared that it has augmented its holdings of 62,745 SOL. As a result, the total SOL holdings in its treasury have reached 2,095,748 SOL. As of September 16, 2025, these holdings are valued at approximately $499 million.

On September 17th, according to ChainNews, the hacker from Radiant Capital who exploited three August DeFi vulnerabilities to profit from all the ETH in the pools swept 13,650 ETH (valued at $61.4 million) from their address a few days ago by using tornado.cash. Today, in the past four hours, they further purchased 1,327 ETH with 6 million DAI at a price of $4,521 per ETH. After laundering the 13,650 ETH ($61.4 million), their address now holds remaining assets worth $42.18 million: 27.4 million DAI and 3,288 ETH ($14.78 million).

September 17th. According to Citigroup Research, historical data indicates that during the period around the first rate cut, the median performance of US stocks and bonds has been positive. Historically, stocks have witnessed a median increase of approximately 5% within 50 days following a rate cut. However, there is a downside risk in the event of a hard landing scenario. Bonds have also reaped the benefits of rate cut expectations and actual cuts, with yields typically reaching a low around the time of the first cut. The US Dollar Index has demonstrated a pattern of "weakness first and then sideways". It usually weakens prior to a rate cut and then enters a period of range-bound trading after the cut. Precious metals such as gold have shown a similar trend of rising before the onset of loose monetary policy. Nevertheless, their performance tends to flatten after actual rate cuts, resulting in a more range-bound trading pattern. Citigroup analysts stated that these historical patter

September 17th. According to Caixin, Liu Lei, the deputy governor of the People's Bank of China, disclosed at the 14th China Payment and Clearing Forum that there has been significant progress in the interconnection of cross-border QR code payments. Alipay and Ant Group's Ant International have become the first batch of institutions to participate in the pilot operation of cross-border QR code unified gateway services. Liu Lei emphasized that the systemic risk in the current payment industry is on the rise. The scale of cross-border fund flows is expanding and the frequency is accelerating, providing opportunities for cross-border money laundering, terrorist financing and other risks. Some overseas illegal platforms transfer funds through channels such as virtual currencies and underground banks, creating a "resonance" of risks at home and abroad, posing a challenge to China's foreign exchange management and financial security.

On September 17th, according to the report of CoinDesk, the New York Department of Financial Services has granted a Virtual Currency Business Activity License to Bullish US Operations LLC, enabling it to offer spot trading and custody services to institutions and high-net-worth traders in New York. The exchange platform is currently regulated in the United States, Germany, Hong Kong, and Gibraltar. It positions itself as an institutional-grade liquidity venue that integrates a central limit order book with automated market making. This licensed approval will facilitate its expansion in the US market.