Bitcoin Dominance Drops to 57.35%, Approaching Yearly Low

On September 13th, according to official channels, Binance Alpha declared that Project Merlin (MRLN) is set to be launched on September 16th. Qualified users can access the Alpha event page once Alpha trading commences and claim airdrops by using Binance Alpha Points. Further details will be disclosed later.

On September 13th, as reported by The Paper, Mu Changchun, Director of the Digital Currency Institute of the People's Bank of China, stated at the 2025 Inclusion·The Bund Summit "New Application of Financial Technology and Innovative Development of Central Bank Digital Currency" Insights Forum that in order to ensure the consistency between the money supply and economic growth as well as price expectations and to enhance the enthusiasm of commercial banks and users, the measurement framework of the digital renminbi needs to be upgraded. Meanwhile, by leveraging business technical features such as CoinChains and a unified global ledger, better monetary services should be provided for the development of the real economy.

On September 13th, based on Farside's monitoring data, this week the US Ethereum spot ETF witnessed a total net inflow of $637.6 million.

September 13th. The founder of DefiLlama, 0xngmi, posted on social media that DefiLlama noticed a significant disparity between Figure's on-chain assets and trading volume. BTC and ETH reserves are very small, the supply of their native stablecoin is limited, most loans are still processed in fiat currency, and on-chain transactions are almost non-existent. It is suspected that a large part of its TVL may only be a mirror of an internal database instead of real tradable assets. As part of the due diligence process, DefiLlama has discussed Figure's TVL data (claimed to be $12 billion) in a Telegram group chat with the Figure team and raised various questions related to the system and issuance. However, someone with knowledge of the entire process spread rumors on Twitter (formerly X) claiming that DefiLlama refused to list Figure because of the number of followers on the X platform and even implied that DefiLlama charged a listing fee. This is completely false. In fact, DefiLlama has n

September 13th. During the past week, a moderate CPI and PPI inflation report, along with a significant increase in initial jobless claims, set the stage for the Fed to cut interest rates by at least 25 basis points during the September meeting. Worries about the labor market and prices led to a new low in the U.S. consumer confidence index since May, with long-term inflation expectations rising for the second consecutive month. The Fed will hold its policy meeting next week. A 25-basis-point rate cut by itself is not likely to cause market volatility. If this is the case, market participants may quickly shift their attention to the Fed Chair Powell's press conference and the latest Summary of Economic Projections (SEP), especially the new "dot plot." Here are the key points that the market will focus on in the new week (all times are in Beijing time): Wednesday 21:45, the Bank of Canada announces its rate decision; Thursday 2:00, the Fed FOMC announces its rate decision and economi

On September 13th, as reported by Bitcoin.com, Vitalik Buterin, the co-founder of Ethereum, took the stage at EthTokyo 2025 and delivered a speech. He firmly believed that Layer 2 solutions are the future development direction of Ethereum. He further put forward an ambitious goal: Ethereum plans to achieve a 10-fold increase in capacity next year, aiming to enhance network throughput and accessibility while maintaining decentralization and security. Vitalik especially emphasized the role of Asia. China developed an early PyEthereum client. Volunteers translated the whitepaper and documents into multiple languages. Community efforts have promoted Ethereum globally. He compared the development styles of China and Japan: Chinese projects make rapid progress on a large scale, while Japanese developers are more inclined to experiment with new technologies. Looking ahead, Vitalik called for more researchers and application developers to participate and not rely solely on the core team. He