Ethereum Withdrawal Acceleration, 10,000 ETH Net Outflow from CEXs in the Last 24 Hours

On September 30th: In the pre-market, the stock prices of cryptocurrency-related companies in the US witnessed a decline. These included: · MSTR, which decreased by 0.81%; · COIN, with a drop of 0.99%; · HOOD, down by 0.88%; · SBET, which fell by 1.91%; · BMNR, with a reduction of 1.80%; · CRCL, dropping by 0.20%.

September 30th - During the "The New Money Era" themed event of the OKX Alphas Summit, OKX CEO Star, CMO Haider Rafique, and OKX SG CEO Gracie Lin jointly took part in the "OKX Pay" themed roundtable discussion and had an in-depth conversation about payment innovation and future financial applications. In the discussion, Star mentioned that one of the most significant achievements in the past 12 to 13 years in the crypto industry is the globalization of Bitcoin. Bitcoin has become one of the most successful digital assets globally. Moreover, the second major achievement is stablecoins. The total market capitalization of stablecoins currently is close to 300 billion USD and is expected to grow rapidly in the next 1 to 2 years. Furthermore, Star pointed out that historically, the essence of payments has always been "peer-to-peer": from gold coins, silver coins to paper money, funds were controlled by individuals. However, in the digital age, money is held by financial institutions. Once

September 30th: In a report presented on Tuesday, UBS stated that the gold market is currently inclined towards a bullish situation. It is expected that the gold price will reach $4,200 per ounce by mid-2026. The bank pointed out that factors like a weaker US dollar, central banks' large-scale gold purchases, and increased ETF investments are beneficial to the gold price. Additionally, it recommended a gold allocation of approximately 5% in the portfolio. UBS emphasized that gold has a low correlation with stocks and bonds, can act as a hedge against inflation and geopolitical risks. It also reminded investors to take into account the risks related to price volatility and potential changes in US monetary policy. (FX678)

On September 30th, the CryptoQuant analyst maartunn shared a post indicating that Binance's Shitcoin Trading Volume has achieved a brand new all-time high of 82.3%. The accompanying image presents the proportion of shitcoins compared to Bitcoin in Binance's futures trading volume. Never before has the trading activity of shitcoins dominated to such an extent. Shitcoins like XPL, ASTR, SOL, and PUMP are attracting a great deal of attention. Traders seem to have a preference for trading shitcoins over Bitcoin futures. This suggests that traders anticipate obtaining more advantages or profits from shitcoin trading. This is reasonable. For example, Aster surged by 250% last week. It is worth noting that even during the 2021 bull market, the proportion of shitcoins did not reach this level. In May 2021, the shitcoin trading volume proportion only reached a maximum of 76%, which was during the altcoin season at that time.

September 30th. Societe Generale's digital asset subsidiary, SG-FORGE, has introduced its Euro and Dollar stablecoins into the DeFi space. This enables users to engage in lending and spot trading. The bank has deployed its EURCV and USD CoinVertible (USDCV) on the Ethereum-based Morpho and Uniswap protocols, expanding SG-FORGE's efforts to distribute its stablecoins through centralized exchanges and brokers. By entering DeFi, SG-FORGE allows customers to trade assets pegged to major currencies around the clock, with smart contracts facilitating the trading mechanism. On the Morpho platform, users can now use cryptocurrencies (such as BTC, ETH) as well as money market tokenized funds regulated by the French financial market regulator (such as USTBL, EUTBL, which invest in US Treasury and Eurozone government bonds) as collateral to borrow EURCV and USDCV. Asset management firm MEV Capital will be responsible for managing these treasuries, setting eligible collateral rules, and handling