Market Melee Completes $3.5M Funding Round, Variant Among Investors

On September 25th, based on Coinglass data, in the past 24 hours, the total net outflow of ETH on CEX was 80,100 ETH. The top three exchanges with outflows are as follows: · Binance, with an outflow of 41,400 ETH; · OKX, with an outflow of 23,400 ETH; · Bybit, with an outflow of 14,100 ETH. In addition, Bithumb witnessed an inflow of 7,830.77 ETH and ranked first on the inflow list.

On September 25th, according to the monitoring of whale-alert, Circle minted 2.5 billion USDC on the Solana network 9 minutes prior.

On September 25th, San Francisco Fed President Daly stated on Wednesday that she "wholeheartedly supports" the Fed's rate cut decision from last week and suggested that further rate cuts might be required in the future. Regarding the Fed's rate cut last week, Daly said: "Economic growth, consumer spending, and the labor market have all decelerated, while inflation has remained below expectations, mainly concentrated in industries directly impacted by tariffs. The economic risks have shifted, and it is the appropriate time to take measures. Looking ahead, additional policy adjustments may be necessary to support the labor market while achieving price stability." However, she also pointed out that the Fed's projections are not commitments, and its objective still remains to maintain maximum employment and price stability. Daly had previously indicated that two 25-basis-point rate cuts this year were a reasonable expectation, and on Wednesday, she did not modify this view. (FXStreet)

On September 25th, based on CME's "FedWatch" data, the likelihood of the Fed cutting rates by 25 basis points in October is 94.1%, with the probability of rates remaining unchanged being 5.9%.

On September 25th, as reported by Bloomberg, the latest valuation of Tether would position its chairman as the world's fifth-wealthiest individual, having a net worth of $224 billion.

On September 25th, as per Bloomberg, AML Company has leveled accusations against Bitcoin ATM operator Athena Bitcoin Inc. in a federal lawsuit, claiming that it has orchestrated a "fraudulent scheme". The lawsuit alleges that Athena has stolen the computer source code of AML Software Inc. used for Bitcoin ATMs, which constitutes copyright infringement and the unlawful misappropriation of trade secrets. According to the complaint filed in the federal court of the Southern District of Florida, through a series of transactions, Athena entered into agreements with entities that it was aware were transferring AML source code to it. AML stated that certain parts of this source code are trade secrets known only to developers who have signed nondisclosure agreements.