Summary of Morning News (September 27, 2025)
1. SoftBank and ARK are in discussions to participate in Tether's main funding round.
2. ETF Store President: Several institutions have submitted S-1 amendments for the spot SOL ETF, which may be approved within two weeks.
3. 0G Foundation: Airdrops have been issued to testnet node operators.
4. Fed Governor Bowman supports holding only Treasury bonds and reforming the monetary policy mechanism.
5. Apple develops ChatGPT tools, expecting breakthroughs in March next year.

crypto world方面：
1. Data shows that in the past 4 hours, the total liquidation across the network reached 574 million USD, with long positions liquidating 540 million USD and short positions liquidating 34.3395 million USD, primarily affecting long positions.
2. Cross-border e-commerce DDC announced the purchase of an additional 50 BTC, bringing its total holdings to 1058 BTC.
3. According to monitoring, five newly created wallets withdrew 173,654 ETH from FalconX in the past 16 hours, worth approximately $707.5 million. Average price 4074.
Market aspect:
1. A total of 27 countries around the w

GMSeptember 26, 2025
1. Market Trend
The BTC weekly line broke down significantly, and altcoins plummeted. Market hotspots are centered around stablecoins and contracts. U.S. stocks fell, and the dollar rebounded. The U.S. GDP growth rate exceeded expectations, and the number of initial unemployment claims declined, leading to a cooling of market expectations for an interest rate cut in October.
2. Market Highlights:
1. The stablecoin public chain XPL on BN has a large airdrop and a significant unlock volume. The market treats it as a shadow stock of Tether, with a peak market value reaching 1

[Today's Key Economic Data and Events to Focus On: September 26, 2025, Friday]
① 20:30 Canada July GDP MoM
② 20:30 US Core PCE Price Index YoY August
③ 20:30 U.S. August Personal Spending MoM
④ 20:30 US August Core PCE Price Index MoM
⑤ 21:00 Federal Reserve's Barkin speaks
⑥ 22:00 University of Michigan Consumer Confidence Index Final Value for September
⑦ 22:00 U.S. September 1-Year Inflation Rate Expectation Final Value
⑧ 22:00 Fed Governor Bowman speaks
⑨ Next day 01:00 Total number of oil drilling rigs in the United States for the week ending September 26
⑩ Next day 01:00 Federal

GM20250925
1) Market Trend
BTC rebounds, altcoins rise generally. The market focus is around the BN series.
U.S. stocks fell, the U.S. dollar index rebounded to a nearly two-week high, and Powell made hawkish remarks.
2) Market Hotspots:
1. As mentioned on bn, plasma is a stablecoin public chain for USDT, originally the blast team from blur is starting a new venture. The total supply is 10 billion, with an initial circulation ratio of 18%.
2. The aster of perp has increased, and the trading volume is three times that of hype. In the future, there will be buybacks and chain issuance for fees. N

1. On-chain dynamics (funding aspect)
Institutional Buying: Listed companies purchased 37,828 BTC (average price $112,879) in the past 20 days, showing institutional confidence.
Large inflow of ETH: Multiple new wallets have withdrawn over 58,000 ETH (average price $4,144) from exchanges, while whales are taking high leverage long positions (liquidation price $4,078), indicating strong interest from large funds in ETH at the current position.
2. Macroeconomic Market (News Aspect)
Interest Rate Cut Discrepancies: Federal Reserve officials have expressed differing views on the path of interest r

#btc
Support 111400
Pressure 113800
#eth
Support 4060
Pressure 4220

Today, the ETH bottom support is near the 4124 position, and it has already reached this level once without breaking through. The 15-minute candlestick closed with an effective support level achieved. Today is bullish, and the future direction aims to break through the 4208 position.