Crypto Morning News: CZ was released from prison today; Vitalik posted about Ethereum's alignment concept
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Crypto Morning News: CZ was released from prison today; Vitalik posted about Ethereum's alignment concept
Eigen Foundation announced that it will lift the EIGEN transfer restrictions on October 1 at 12:00.
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Yesterday's Market Dynamics
CZ posts first tweet "gm" after release from prison
CZ posted "gm" on the X social platform.
Foreign media: CZ still owns approximately 90% of Binance shares but no longer participates in any decision-making
According to The Block, Binance's current CEO Richard Teng stated during Korea Blockchain Week in Seoul earlier this month: "Compared to when CZ was CEO, Binance now has a completely different corporate structure—one led by a board. Of course, CZ retains shareholder rights as an investor, but in day-to-day operations, I work closely with the board to shape our global strategy." Vishal Sacheendran, Binance's current regional lead, previously told The Block: "CZ will not be involved in any Binance decisions." Nevertheless, CZ remains Binance's largest shareholder, holding approximately 90% of its shares.
Eugene Ng Ah Sio: Most positions have been cleared, waiting for market leverage liquidation
Trader Eugene Ng Ah Sio released his September trading summary, stating: "After experiencing choppy markets due to false breakouts in August, I reduced my trading volume. Aside from some short-term SOL trades that generated minimal percentage gains, I accurately identified nearly every high-performing asset in terms of selection, but made significant mistakes in position management. My biggest missed opportunities this month included SUI, PEPE, and ENA—although I spotted them early during shifts in market dynamics and had traded these assets before. Overall, I'm quite satisfied with my performance this month, having stayed ahead of the market through focus and persistence, while adhering to my original plan for setting profit-taking levels. I've mostly exited my positions now and am waiting for market leverage to be flushed out, which I believe will happen with considerable certainty."
Address that lost over 12,000 spWETH may be linked to Shen Yu
On September 28, Lookonchain reported that an address lost 12,083.6 spWETH (approximately $32.33 million) due to a phishing attack. According to Arkham, the wallet may belong to Shen Yu (@bitfish1), co-founder and CEO of Cobo. To avoid phishing attacks, do not click unknown links or sign unfamiliar transactions.
Eigen Foundation: EIGEN transfer restrictions to be lifted on October 1 at 12:00 PM Beijing time
On September 28, the Eigen Foundation announced on social media that it will lift EIGEN transfer restrictions at 12:00 PM Beijing time on October 1 (9:00 PM PST on September 30). Users who currently have staked EIGEN will face a 7-day withdrawal period upon unstaking.
Vitalik introduces the concept of Ethereum alignment
Ethereum co-founder Vitalik Buterin published an article titled "Making Ethereum Alignment Legible," addressing how to balance efforts among Ethereum client teams, researchers, Layer 2 teams, application developers, and local community groups. He introduced the concept of "Ethereum alignment," which includes value alignment (e.g., open-source, minimizing centralization, supporting public goods), technical alignment (e.g., adopting ecosystem-wide standards), and economic alignment (e.g., using ETH as the primary token wherever possible).
Coinbase adds EigenLayer (EIGEN) to its listing roadmap
Coinbase has added EigenLayer (EIGEN) to its listing roadmap.
10X Research: Strong Q4 rally highly likely, major surge may be imminent
According to a recent report from 10X Research, Bitcoin's strong upward momentum since the Federal Reserve's mid-September rate cut and China's stimulus rollout has broken its previous downtrend. With Bitcoin breaking above $65,000, 10X Research expects a rapid rise to $70,000 followed by a new all-time high in the near term. Markus Thielen, founder of 10X Research, noted that stablecoin issuance surged after the Fed's July meeting, when rates were held steady but a September policy easing was hinted. In the following weeks, stablecoin minting approached $10 billion, injecting significant liquidity into the crypto market—far exceeding spot ETF inflows. Notably, Circle’s USDC accounted for 40% of recent stablecoin inflows, a significantly higher share than usual, suggesting increased DeFi activity. Markus concluded that a powerful Q4 rally is highly probable, we may already be in its early stages, and a substantial price surge could be imminent, potentially triggering widespread FOMO across the crypto space.
Bhutan mines 55–75 BTC weekly, currently holds 13,119 BTC
The Kingdom of Bhutan is actively engaged in Bitcoin mining, producing 55 to 75 BTC per week, worth approximately $3.6–4.9 million. Bhutan leverages mining pools like AntPool and benefits from low-cost, clean hydropower and a $500 million fund. Druk Holdings, Bhutan’s sovereign holding company, entered cryptocurrency in February 2021 and has mined approximately 27,727 BTC (worth $1.36 billion). Between 2021 and 2022, Bhutan conducted over $800 million in crypto transactions via multiple lending platforms. Currently, Bhutan holds 13,119 BTC (worth $860.4 million), nearly half of its total mined supply. Since June this year, Druk has deposited a total of 1,358.64 BTC (about $90 million) into exchanges—exceeding its mining output during the same period.
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