PANews

PANews September 3 news: According to on-chain analyst Ai Yi’s monitoring, Binance futures live-trading smart money “Semisemi” earned over $10.78 million in the past 30 days, including $8.06 million from BTC long positions and $3.91 million from ETH long positions. It currently still holds $95.59 million worth of BTC and ETH long positions, with an unrealized loss of $1.885 million.

According to Binance market data, the three major U.S. stock indexes all rose at the September 18 close: the Dow Jones rose 0.60% intraday, the Nasdaq rose 1.65%, and the S&P 500 rose 1.11%. Among individual stocks, Intel rose 8.02%, Riot Platforms rose 7.35%, SanDisk rose 6.37%, AMD rose 6.35%, Circle rose 5.81%, and Micron rose 5.57%.

PANews, September 18 — According to Binance market data, Intel (INTC) shares rose 10.02% intraday and are now trading at $111.34.

PANews reported on September 18 that Bloomberg ETF analyst Eric Balchunas stated that Bitcoin ETFs have an advantage over gold ETFs for several reasons, including Bitcoin investors being younger; as the market matures and Bitcoin’s volatility and correlation with other assets stabilize, it will see greater adoption by large institutional funds; in addition, Bitcoin ETFs have stronger market interest and sales resources, with dozens of wholesalers familiar with both the crypto market and traditional investors currently promoting and educating the market, while gold ETFs lack similar promotional support.

Crypto analyst Ali said that ETH remains within the previously formed price range on the 4-hour chart, near the lower support line. The market is watching whether it can rebound to the middle band and break above the channel’s upper boundary near $2,570; if it closes above that level on strong volume, it could rise to $2,700 or even $3,000.

Yonhap News Agency said that the share swap between Upbit parent company Dunamu and NAVER Pay may be subject both to the Fair Trade Act’s shareholding requirements of ≥30% for listed subsidiaries, ≥50% for unlisted subsidiaries, and ≥20% for venture capital holding companies, as well as regulations capping the ownership stake of major shareholders in virtual asset exchanges. If NAVER Pay later becomes a holding company and incorporates the exchange as a subsidiary, both sets of standards would need to apply concurrently, requiring adjustments to the governance structure.

Well-known trader Bonk Guy said that Arc has performed well over the long term and gained early access to several key platforms, but it is not the next Robinhood/BNB/Solana, so investors should exercise caution. Arc is essentially a stablecoin public blockchain, and while stablecoin applications may emerge in the future, it may struggle to retain Meme coin traders over the long term. He has bought Meme coins on Arc and plans to hold them for only a few days, reminding investors to view this as a short-term opportunity.

SEC Commissioner Peirce announced the implementation of an “innovation exemption” and issued a temporary exemption allowing on-chain trading of U.S.-listed stocks, establishing a new category of “Tokenized Securities Trading Venues” (TSVs) for trading through AMM liquidity pools, while granting some LPs a “dealer” exemption. The aim is to allow market participants to experiment and accumulate data, observing how tokenized NMS stocks interact with traditional markets across different on-chain scenarios; the exemption is not intended for DeFi, and the SEC is not preemptively determining that TSVs or LPs are exchanges or dealers.

PANews reported on September 18 that, according to Arkham monitoring data, Morgan Stanley increased its holdings by 123.211 BTC through its spot Bitcoin exchange-traded fund MSBT, worth approximately $9.33 million. Its total Bitcoin holdings have now surpassed 8,000 BTC for the first time, reaching 8,026 BTC, worth approximately $614 million.

Bitmine Chairman Tom Lee said that most growth investors only look at what is being done currently, ignoring the future potential brought by new technologies. This is the biggest misconception. Investment opportunities should be assessed based on a clear Base Case and the potential total addressable market (TAM) to avoid underestimating room for growth. Although new technologies bring uncertainty and speculation, investors often focus too much on risks while overlooking potential opportunities.

The Federal Reserve raised rates by 25 basis points on September 16, and the market expects another 75 basis points of hikes over the next six months. Bitcoin has fallen about 40% from its October high of approximately $126,000, similar to the 40% decline from its November 2021 high of approximately $69,000 following the first rate hike in March 2022. After the March hike, it previously rebounded about 18% within 12 days before falling another 50%; the current market may also face the risk of “rebounding first and then declining,” but a single historical cycle provides limited reference.

According to Bloomberg, Apollo Global Management is in talks with SoftBank to increase its loan to SoftBank from $5.4 billion to $9 billion to support financing for its investment in OpenAI. The loan would be backed by assets of SoftBank Vision Fund 2 and has not yet been finalized. SoftBank previously committed to investing approximately $64.6 billion in OpenAI and continues to raise funds through financing.

The SEC Chairman posted that a temporary, conditional regulatory exemption will be provided through an innovation exemption for the on-chain trading of certain tokenized NMS stocks, subject to four conditions: the TSV must be a U.S. entity and comply with OFAC; access must be permissioned; synthetic tokenized stocks are prohibited, and holders must enjoy the same rights as holders of the underlying stocks; and issuers may object to transactions, with anti-fraud and anti-manipulation provisions applying.

PANews, September 18 — Robinhood Crypto officially released data showing that Robinhood Chain’s cumulative transaction volume has surpassed 750 million transactions, adding that more and more developers are launching projects on the chain and the number of users continues to grow, although it remains in its early stages.

At a roundtable, the SEC Chair said the SEC is promoting the expansion of 24-hour trading in U.S. stocks to improve the ability to respond to market events, attract global investors, and increase liquidity. DTCC has launched a 23×5 trade-capture system to support clearing and settlement; the industry is developing overnight price ranges and risk controls, and SIP is preparing to publish overnight pricing information. Tokenization is expected to enable real-time inventory management, improve efficiency, and reduce the risks of settlement failures and naked short selling.

SEC Commissioner Peirce said extended trading hours for U.S. stocks are forming a “23 hours a day, five days a week” structure, while overnight trading remains limited and concentrated in a small number of stocks; she raised six questions: lessons from the foreign exchange, cryptocurrency, and futures markets; best execution and retail investor protection when overnight liquidity is low; the fiduciary rationale for asset managers not participating in overnight trading; whether extended hours would affect financial reporting disclosures; whether the EDGAR system needs to be modified to ensure disclosure; and what guidance or regulatory exemptions should be provided to listed companies, especially smaller ones.

PANews reported on September 17 that the U.S. Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a proposed rule to establish “equal footing” between out-of-state state-chartered banks and federal banks regarding applicable state laws. The rule would clarify which state laws apply to state-chartered banks operating across state lines, covering innovative financial activities including digital asset-related businesses. U.S. Senator Cynthia Lummis of Wyoming said the proposal could inject new momentum into state-level banking systems and “responsible innovation,” including in digital assets.

Castle Securities’ head of strategy Rubner said U.S. stocks will remain volatile into the fourth quarter, and if weakness persists through the end of the month, investors should buy the dip in core sectors. The deterioration in AI sentiment and decline in related positioning will reverse starting in October, with technology stocks rallying first before gains spread to the broader market. He stressed that September’s weakness is not over, with month-end supply-demand dynamics and technical factors still weighing on stocks; the market may retreat again over the next two weeks, but its structure is already changing.

PANews, September 18 — According to Coinglass data, ZEC’s price fluctuated by over 20.84% today. Over the past 24 hours, ZEC liquidations reached $6,674, including $58.9 million in short liquidations and $7.83 million in long liquidations. The largest single liquidation was $6,990,340.

Uniswap Labs founder Hayden Adams said SEC Commissioner Hester Peirce stated in her latest letter that “truly decentralized systems driven by automated software do not need an exemption,” meaning permissionless AMMs (such as the main protocol) do not need to be covered by this round of exemptions. The exemption mainly targets Uniswap v4’s permissioned pools, providing a path for compliant AMM trading in the United States. Adams said he would submit suggestions for improving the relevant rules.

PANews, September 17: DeepLearning.AI founder: Fears of artificial intelligence causing human extinction are pure science fiction.