Iran's President: The Strait of Hormuz Will Not Be Permitted for Free Use Amid Sanctions

According to a Reuters report, a senior Iranian official said Tehran is reviewing the U.S. response to its proposal to end hostilities. During indirect talks with the U.S. on Tuesday, the two sides discussed reopening the Strait of Hormuz and lifting U.S. sanctions. Iran’s key priorities are a permanent end to hostilities and the lifting of the U.S. naval blockade. (Jinshi)

Polygon Foundation CEO Sandeep Nailwal announced in a post that the smart contract to burn 100 million POL tokens (approximately 1% of the total supply) is ready, and it can be triggered by any member of the community to execute. Going forward, the community will be able to carry out such burns on a quarterly basis. He also noted that POL has remained in a deflationary state so far this year.

According to an announcement from Silvia (formerly ProCap Financial, Nasdaq: SVIA), owned by crypto entrepreneur Anthony Pompliano, the firm will repurchase an additional 2.3% of its outstanding common shares at a price below net asset value (NAV) starting September 15. Since the repurchase program launched, the company has bought back roughly 14.5% of its total outstanding shares. As of the close of trading on September 22, Silvia held 82,881,223 outstanding shares, approximately 5,130 Bitcoin — a decrease of around 124 from the roughly 5,254 Bitcoin it held on September 15 — with a NAV of about $4.27 per share. The company said it will continue repurchasing shares until its stock price is no longer below NAV.

According to BIT (Bit.com) market data, U.S. stocks extended intraday losses, with the three major indexes continuing to decline: the Nasdaq index fell more than 1%, the Dow Jones index dropped over 0.2%, and the S&P 500 index fell more than 0.5%. Most optical module, storage, and crypto-related stocks followed the downward trend, with specific performance as follows: Coherent (COHR) traded at $303.850, down 2.11%; Lumentum (LITE) traded at $947.240, up 0.17%; Applied Optoelectronics (AAOI) traded at $103.290, down 3.47%; Marvell Technology (MRVL) traded at $258.220, down 1.58%; Nokia (NOK) traded at $10.745, down 0.69%; SanDisk (SNDK) traded at $1834.135, down 2.80%; Western Digital (WDC) traded at $461.355, down 0.70%; Seagate Technology (STX) traded at $909.840, down 1.09%; Micron Technology (MU) traded at $1077.000, down 1.75%; Strategy (MSTR) traded at $164.125, down 1.92%; Circle (CRCL) traded at $92.490, down 2.22%; Bullish (BLSH) traded at $40.140, down 1.38%; Gemini Space Station (GEMI) traded at $5.745, down 3.45%; Bitmine Immersion (BMNR) traded at $27.702, down 3.68%; SharpLink (SBET) traded at $9.965, down 2.59%.

According to Coinglass data, the total liquidation amount across the crypto market has risen to $238 million over the past hour, with long position liquidations totaling $230 million and short position liquidations reaching $6.83 million.

According to HTX market data, Lighter (LIT) hit a new all-time high today, peaking at $5.5. The token has risen more than 7% over the past 24 hours. LIT is currently trading at approximately $5.16, with a market capitalization of around $1.29 billion.