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VIPBitget VIP Weekly Research InsightsStablecoins have recently emerged as a key focus for central banks and financial institutions, with the potential to reshape global payment systems and financial infrastructure. According to data from Chainalysis, stablecoins have surged to a monthly trading volume of trillions of dollars, accounting for 60% to 80% of total cryptocurrency trading volume. This explosive growth has attracted significant attention from traditional financial players, who are accelerating their integration into the digital economy by issuing stablecoins, contributing to blockchain network development, and offering related financial services. In the U.S., financial giants such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are exploring the potential of jointly issuing stablecoins. At the same time, regulatory discussions surrounding stablecoins and the proposed GENIUS Act are gaining significant momentum in mainstream media. In the Web2 world, traditional companies like Stripe have entered the space by acquiring Bridge to build out stablecoin payment capabilities. Meanwhile, Circle has emerged as one of the most influential crypto firms in the U.S. stock market, second only to Coinbase, driven by the success of its USDC stablecoin. In the DeFi space, Yield-Bearing Stablecoins (YBS) are drawing substantial capital inflows with their innovative interest-generating mechanisms.
World Liberty Financial and Vaulta Establish New Alliance to Expand the Frontiers of the U.S. Web3 Banking Industry
- 23:41Kinto announces closure on September 30On September 8, it was reported that Arbitrum ecosystem modular trading platform Kinto suffered a smart contract attack in July, resulting in a loss of 577 ETH, approximately $1.55 million. Kinto announced it will shut down on September 30. Its founder Recuero promised to provide compensation to some hacking victims after Kinto's closure. According to Recuero, all remaining foundation assets will be returned to lenders of the "Phoenix" program, who will recover 76% of their loan principal. Recuero also pledged to contribute $55,000 of his personal funds to compensate victims of the hack on the Morpho platform, with a maximum of $1,100 per address.
- 23:41El Salvador's President announces daily purchase of 21 bitcoins on Bitcoin DayChainCatcher reported that President Nayib Bukele of El Salvador announced the purchase of 21 bitcoins to celebrate Bitcoin Day. Data shows that El Salvador's official BTC holdings have reached 6,313.18, with a current market value of approximately $701 million. In the past 7 days, 28 bitcoins have been added.
- 23:32Overview of Major Overnight Developments on September 821:00 (UTC+8) - 7:00 Keywords: Saylor, Avenir, Nonfarm Payrolls 1. US Treasury bulls face a dual test of inflation and nonfarm payrolls revision this week; 2. Strategy founder Saylor makes his debut on the Bloomberg Billionaires Index; 3. Avenir currently allocates more than 80% of its portfolio to Bitcoin; 4. US poll: Trump’s approval rating is 43%, with the lowest recognition for handling inflation; 5. Besant: The annual nonfarm employment report may be revised down by as many as 800,000 jobs; 6. White House National Economic Council Director Hassett: I currently have no plans to reform the Federal Reserve; 7. Cathie Wood: The current unemployment rate is already higher than the peak of each cycle before 2008 to 2009, once again signaling a rate cut.