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US House Republicans Plan to Stay Out of Town During Federal Government "Shutdown"
Jinse Finance reported that on October 4 local time, Republican members of the U.S. House of Representatives held a conference call. During the meeting, the Republican leadership informed lawmakers that they plan not to return to Washington during the federal government "shutdown." Currently, the U.S. government is in a "shutdown" due to a budget deadlock, and both the Democratic and Republican parties continue to blame each other for the responsibility of the appropriations bill. (Golden Ten Data)
Jinse Finance reported that on October 4 local time, Republican members of the U.S. House of Representatives held a conference call. During the meeting, the Republican leadership informed lawmakers that they plan not to return to Washington during the federal government "shutdown." Currently, the U.S. government is in a "shutdown" due to a budget deadlock, and both the Democratic and Republican parties continue to blame each other for the responsibility of the appropriations bill. (Golden Ten Data)
Stripe CEO: Stablecoins Will Force Banks to Offer Competitive Deposit Interest Rates to Users
Jinse Finance reported that Stripe CEO Patrick Collison stated that with the rise of yield-bearing stablecoin options, stablecoins will force banks to offer competitive interest rates to their customers. Collison pointed out that the average savings interest rates for deposits by customers in the United States and Europe are both well below 1%, which creates conditions for stablecoins to disrupt the market. He wrote: Savers will and should receive capital returns close to market levels. Some lobbying groups are currently pushing for further restrictions on any form of rewards associated with stablecoin deposits in the "post-GENIUS era." The commercial purpose behind this is clear—low-interest deposits are certainly beneficial, but in my view, such disrespect for consumers is self-defeating.
Jinse Finance reported that Stripe CEO Patrick Collison stated that with the rise of yield-bearing stablecoin options, stablecoins will force banks to offer competitive interest rates to their customers. Collison pointed out that the average savings interest rates for deposits by customers in the United States and Europe are both well below 1%, which creates conditions for stablecoins to disrupt the market. He wrote: Savers will and should receive capital returns close to market levels. Some lobbying groups are currently pushing for further restrictions on any form of rewards associated with stablecoin deposits in the "post-GENIUS era." The commercial purpose behind this is clear—low-interest deposits are certainly beneficial, but in my view, such disrespect for consumers is self-defeating.
MetaMask: On-chain rewards program to launch in the "coming weeks"
Jinse Finance reported that MetaMask announced it will launch an on-chain rewards program “in the coming weeks.” The program “will offer referral rewards, mUSD incentives, exclusive partner rewards, token utility rights, and more,” and will distribute “over $30 million worth of LINEA tokens” in the first quarter. In the announcement, MetaMask stated: “Long-term users of MetaMask will not be overlooked—they will receive special benefits, and MetaMask rewards will establish meaningful connections with future MetaMask tokens.” MetaMask also emphasized that the program “is not a mining game,” but rather “a genuine way to regularly give back to the community.” It is currently unclear whether users in certain jurisdictions will be restricted from participating in the program, or whether MetaMask will implement any anti-Sybil measures.
Jinse Finance reported that MetaMask announced it will launch an on-chain rewards program “in the coming weeks.” The program “will offer referral rewards, mUSD incentives, exclusive partner rewards, token utility rights, and more,” and will distribute “over $30 million worth of LINEA tokens” in the first quarter. In the announcement, MetaMask stated: “Long-term users of MetaMask will not be overlooked—they will receive special benefits, and MetaMask rewards will establish meaningful connections with future MetaMask tokens.” MetaMask also emphasized that the program “is not a mining game,” but rather “a genuine way to regularly give back to the community.” It is currently unclear whether users in certain jurisdictions will be restricted from participating in the program, or whether MetaMask will implement any anti-Sybil measures.
In September, a total of 70 early dormant wallets transferred more than 2,800 BTC.
Jinse Finance reported that, according to data from blockchain parser btcparser.com, 70 transfers were recorded in September from BTC wallets created between 2011 and 2017. In these 70 transfers, a total of 2,803.62 BTC was released, amounting to as much as $342.73 million at the current exchange rate of $122,247 per BTC.
Jinse Finance reported that, according to data from blockchain parser btcparser.com, 70 transfers were recorded in September from BTC wallets created between 2011 and 2017. In these 70 transfers, a total of 2,803.62 BTC was released, amounting to as much as $342.73 million at the current exchange rate of $122,247 per BTC.
Nasdaq has submitted an application to the SEC to list BlackRock's Bitcoin Premium Income ETF.
Jinse Finance reported that Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to list BlackRock's Bitcoin Premium Income ETF. This ETF will combine Bitcoin exposure with a premium income strategy. The proposed ETF aims to attract income-focused investors while enhancing Bitcoin's status in traditional finance.
Jinse Finance reported that Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to list BlackRock's Bitcoin Premium Income ETF. This ETF will combine Bitcoin exposure with a premium income strategy. The proposed ETF aims to attract income-focused investors while enhancing Bitcoin's status in traditional finance.
The monthly trading volume of tokenized stocks reached $465 million in the past 30 days.
Jinse Finance reported that in the past month, the monthly trading volume of tokenized stocks reached $465 million, a month-on-month increase of 136%. This growth highlights the increasing interest in trading traditional assets on the blockchain.
Jinse Finance reported that in the past month, the monthly trading volume of tokenized stocks reached $465 million, a month-on-month increase of 136%. This growth highlights the increasing interest in trading traditional assets on the blockchain.
GLEIF partners with Chainlink to open the door for global adoption of digital assets
According to Jinse Finance, the Switzerland-based Global Legal Entity Identifier Foundation (GLEIF) has partnered with Chainlink, bringing one of the world's largest and most trusted company ID databases (with a total of over 3 million LEI records) to the blockchain.
According to Jinse Finance, the Switzerland-based Global Legal Entity Identifier Foundation (GLEIF) has partnered with Chainlink, bringing one of the world's largest and most trusted company ID databases (with a total of over 3 million LEI records) to the blockchain.
Crypto Executive: DAT Stock Tokenization Increases Investor Risk
Jinse Finance reported that Kanny Lee, CEO of the decentralized exchange SecondSwap, stated: The digital asset treasury (DAT) companies that tokenize stocks on the blockchain increase risks for both investors and their own businesses. The tokenization of DAT equity is essentially creating a synthetic asset on top of another synthetic asset. Investors ultimately face double risks: first, the volatility of treasury-backed cryptocurrencies, and second, the complexity of company equity, governance, and securities law. This adds significant risk to already volatile assets. Severe on-chain price fluctuations occurring outside of traditional market hours may cause financial firms that have issued tokenized stocks and traditional stocks to experience a run on their shares, leaving the company with insufficient time to respond to price shocks.
Jinse Finance reported that Kanny Lee, CEO of the decentralized exchange SecondSwap, stated: The digital asset treasury (DAT) companies that tokenize stocks on the blockchain increase risks for both investors and their own businesses. The tokenization of DAT equity is essentially creating a synthetic asset on top of another synthetic asset. Investors ultimately face double risks: first, the volatility of treasury-backed cryptocurrencies, and second, the complexity of company equity, governance, and securities law. This adds significant risk to already volatile assets. Severe on-chain price fluctuations occurring outside of traditional market hours may cause financial firms that have issued tokenized stocks and traditional stocks to experience a run on their shares, leaving the company with insufficient time to respond to price shocks.
This week, the net inflow into US spot Bitcoin ETFs reached $3.236 billion.
BlockBeats News, October 4th, according to monitoring by Farside Investors, this week the net inflow of US Bitcoin spot ETFs reached 3.236 billions USD. All five trading days recorded net inflows, with a weekly peak of 985 millions USD net inflow achieved on Friday.
BlockBeats News, October 4th, according to monitoring by Farside Investors, this week the net inflow of US Bitcoin spot ETFs reached 3.236 billions USD. All five trading days recorded net inflows, with a weekly peak of 985 millions USD net inflow achieved on Friday.
VanEck: Institutional Accumulation of ETH Poses Dilution Risk for Unstaked Holders
BlockBeats News, on October 4, VanEck published an article stating that Ethereum's Fusaka upgrade in December will make it easier for Layer 2 blockchains to scale by reducing the data burden on validators. This will make Layer 2 blockchains easier to scale. Against this backdrop, Fusaka enhances Ethereum's appeal by lowering L2 costs and strengthening its central position in the scaling ecosystem, and it is expected that the ecosystem will attract more institutional adoption.
In addition, VanEck analysts also warned that holders of unstaked ETH face dilution risks, as institutional participants—from ETFs to crypto treasury companies—continue to accumulate ETH positions and stake them for yield.
BlockBeats News, on October 4, VanEck published an article stating that Ethereum's Fusaka upgrade in December will make it easier for Layer 2 blockchains to scale by reducing the data burden on validators. This will make Layer 2 blockchains easier to scale. Against this backdrop, Fusaka enhances Ethereum's appeal by lowering L2 costs and strengthening its central position in the scaling ecosystem, and it is expected that the ecosystem will attract more institutional adoption.
In addition, VanEck analysts also warned that holders of unstaked ETH face dilution risks, as institutional participants—from ETFs to crypto treasury companies—continue to accumulate ETH positions and stake them for yield.