Author: Deep Tide TechFlow
Market dynamics yesterday
Spot gold stands at $3820 per ounce, reaching a new high
Spot gold continues to rise, standing at $3820 per ounce, reaching a new high, with an increase of over $60 during the day. NY futures gold touched $3850 per ounce, up 1.08% during the day.
The U.S. Bureau of Labor Statistics has released an emergency plan for government shutdowns, which will suspend all operations during government shutdowns.
According to Jin Ten data reports, the U.S. Bureau of Labor Statistics has released an emergency plan for government shutdowns, which will suspend all operations during government shutdowns and will not release economic data.
The U.S. SEC requires multiple cryptocurrency ETFs to withdraw their application documents
According to cryptocurrency journalist Eleanor Terrett, the SEC has asked issuers of cryptocurrency ETFs such as LTC, XRP, SOL, ADA, and DOGE to withdraw their 19b-4 application filings. This move stems from the SEC's approval of a universal listing standard, making individual application filings unnecessary. Related withdrawal applications are expected to begin this week.
Citibank integrates blockchain technology into cross-border payment services.
According to Solid Intel, Citibank announced it will integrate its blockchain platform Citi Token Services with the dollar clearing system to provide 24/7 instant cross-border payment services for institutional clients in the US and UK.
Aster CEO responds to concerns about the concentration of token holdings: mainly due to airdrops and user deposits, not team control.
Aster CEO Leonard responded to concerns about the concentration of token holdings during an interview with Mable, founder of the social protocol Trends.
In response to on-chain data showing that a few addresses hold 96% of the total ASTER tokens, Leonard stated that the team cannot control all the tokens in these wallets. According to the tokenomics design, about 80% of the tokens are locked on-chain and can be publicly monitored.
Addresses holding on-chain airdrop tokens account for about 40% of the total, with other major addresses including Aster's spot deposit addresses, where users store tokens on the platform. Currently, only about 10% of the tokens are in circulation, including approximately 10% from user shares converted from APX and about 8% from initial airdrops.
He emphasized that although the contract address seems to control all tokens, in reality, most tokens belong to users, and related release plans have been publicly disclosed and can be verified on-chain.
Andre Cronje's new project Flying Tulip has completed $200 million in financing, with participation from DWF Labs, FalconX, and others.
According to The Block, Sonic co-founder Andre Cronje's new project Flying Tulip has completed a $200 million private seed round financing, corresponding to a token FDV of $1 billion. This round was participated in by Brevan Howard Digital, CoinFund, DWF Labs, FalconX, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital, and Virtuals Protocol. This financing round adopts the Simple Agreement for Future Tokens (SAFT) structure, and the project plans to raise up to $800 million through public sales, which will take place on its own platform.
Flying Tulip aims to provide investors with 'on-chain redemption rights,' that is perpetual put options, allowing investors to destroy FT tokens at any time to redeem their original principal. The project is positioned as a full-stack on-chain exchange, integrating spot trading, derivatives, lending, money markets, native stablecoins (ftUSD), and on-chain insurance. The project will first launch on the Sonic network and then expand to networks such as Ethereum, Avalanche, BNB Chain, and Solana.
ApeX Protocol announced the launch of the APEX token buyback plan, which includes an initial fund of $12 million and future 50% of protocol revenue.
ApeX Protocol announced the launch of the APEX token buyback plan yesterday. This plan will use past revenue for a one-time initial commitment of $12 million.
Starting this week, ApeX Protocol will also use 50% of its daily revenue to buy back APEX tokens from the open market, with this proportion gradually increasing to a maximum of 90%. ApeX Protocol stated that this move aims to strengthen its long-term commitment to the ApeX Protocol ecosystem and ensure the community directly benefits from the value created.
Sonic Labs appoints Mitchell Demeter as CEO.
According to Sonic Labs' official blog, Sonic Labs announces the appointment of Mitchell Demeter as the new CEO.
Demeter is a seasoned entrepreneur in the digital asset space, having launched the world's first Bitcoin ATM in Vancouver and co-founded one of Canada's earliest digital currency exchanges, Cointrader. Former CEO Michael Kong will continue to serve as a board member and Chief Information Officer.
Swarm Network (TRUTH) will launch on Binance Alpha and Binance Contracts on October 1.
According to an official announcement, Binance Alpha will launch and open trading for Swarm Network (TRUTH) at 20:00 (UTC+8) on October 1, 2025. Additionally, the Binance contracts platform will launch the TRUTHUSDT perpetual contract at 20:30 (UTC+8) on October 1, 2025, with a maximum leverage of up to 50 times.
Binance is the first to announce the opening of Swarm Network (TRUTH) contract trading and showcasing TRUTH tokens on Binance Alpha. As a launch benefit, all eligible Binance users will receive an exclusive token airdrop. Eligible users need to claim the airdrop using Binance Alpha points through the Binance Alpha event page from 20:00 (UTC+8) on October 1, 2025, to 20:00 (UTC+8) on October 2, 2025.
Binance will delist HIFI and BAKE perpetual contracts on October 3, 2025.
According to an official announcement, Binance Contracts will delist USDⓈ-M HIFIUSDT and BAKEUSDT perpetual contracts on October 3, 2025.
Ethereum treasury firm Bit Digital proposes to issue $100 million in convertible bonds to increase ETH holdings.
According to RT Watson, Ethereum treasury firm Bit Digital announced on Monday a proposal to issue $100 million in convertible bonds to purchase more ETH.
The company stated in a statement that the net proceeds from the issuance will primarily be used to purchase Ethereum and may also be used for general corporate purposes, including potential investments, acquisitions, and other business opportunities related to digital assets. Bit Digital (stock code BTBT) has submitted a preliminary prospectus to the U.S. Securities and Exchange Commission, with Barclays, Cantor, and B. Riley Securities serving as underwriters.
Market dynamics
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