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The blockchain network ranks among the top 15 blockchains for daily transaction volume and weekly volume.
Quick Take The growing adoption of tokenized funds is raising the efficiency of investing in assets like government bonds and signals “untapped market potential,” according to analysts at Moody’s. Tokenized funds necessitate fund managers to have more technological expertise, the analysts said.
Rowan Energy pioneers DePIN in solar sector, enabling owners to become key players in energy distribution.
Quick Take Crypto investment products witnessed record trading volume of $17.5 billion last week, according to CoinShares. These products also saw $1.18 billion worth of inflows, though fell short of the $1.5 billion record set when futures-based ETFs launched in October 2021.
BNB, LINK, and TON have charted the most impressive gains from the larger-cap alts over the past day.
- 02:02Catizen: The registration for depositing CATI tokens into the on-chain non-custodial wallet is expected to open at 6 PM todayChainCatcher announcement, Catizen has posted on platform X that the registration for CATI token deposits to non-custodial wallets on-chain is expected to open at 6 PM Singapore time today. After deposit registration, CATI tokens will be distributed to users' wallets after 6 PM tomorrow.
- 01:54Former FTX executive Ryan Salame and partner Michelle Bond deny allegations of campaign finance violationsAccording to Golden Finance, Michelle Bond, the partner of former FTX co-CEO Ryan Salame, pleaded not guilty in the Southern District Federal Court of New York to four charges of campaign finance violations. These charges include conspiracy to cause illegal campaign contributions, causing and accepting excessive campaign donations, causing and accepting illegal corporate donations, and causing and accepting conduit contributions. The charges stem from allegations that Bond concealed the source of funds during her 2022 run for a Republican seat in the U.S. House of Representatives. It is alleged that Salame arranged for FTX to fund her campaign with $400k while Bond is accused of making false statements to the Federal Election Commission (FEC) and Congressional committees. Notably, Salame had previously pleaded guilty and was sentenced to 90 months imprisonment but requested court withdrawal after Bond was charged claiming his plea was based on prosecutor's promise not to investigate his partner. Judge Lewis Kaplan stated he would consider whether or not to withdraw Salame's plea. Currently, Bond has been released on a bail bond worth one million dollars but is restricted from traveling outside mainland USA. Judge George Daniels has scheduled a pretrial conference for January 2025. In criminal cases involving FTX and Alameda Research as at September 18th only Salame & SBF have been sentenced with prison terms; sentencing hearings for other executives involved will take place over the next few months.
- 01:53CICC: The Federal Reserve's initial rate cut of 50bp is the fourth in history, partially exceeding market expectationsBlockBeats reports that on September 19, in response to the Federal Reserve's 50bp rate cut, CICC commented that a 50bp rate cut is an unconventional start and partially exceeds market expectations. This 50bp rate cut aligns with the expectations of CME interest rate futures but surpasses many Wall Street investment bank forecasts, marking it as an "unconventional" start. Historically, a starting point of a 50bp rate cut only occurs during economic or market emergencies such as the tech bubble in January 2001, financial crisis in September 2007, and pandemic in March 2020.
