Crypto Morning Brief: Spot gold hits $3,680 for the first time, Base plans to launch token
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Crypto Morning Brief: Spot gold hits $3,680 for the first time, Base plans to launch token
MetaMask has officially launched its stablecoin, MetaMask USD (mUSD).
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Spot gold surpasses $3,680 for the first time
According to Jin10 News, spot gold broke above $3,680 per ounce, rising 1.00% during the session and hitting a new all-time high.
Trump-nominated Fed governor candidate Miller confirmed for position
According to Jin10 News, Trump-nominated Federal Reserve governor candidate Miller secured enough votes to pass the U.S. Senate nomination vote, confirming his appointment as a Fed governor.
Hong Kong's AFRC: May indirectly regulate stablecoins; comprehensive audit and accounting guidelines expected within 1-3 years
According to Sing Tao Daily, AFRC (Accounting and Financial Reporting Council) Chairman Sun Deki stated in a recent interview that under Hong Kong’s Stablecoin Ordinance effective August 1, licensed stablecoin issuers must undergo annual independent audits to ensure transparency and compliance. Comprehensive audit and accounting guidelines for stablecoins are expected to be introduced in Hong Kong within the next one to three years.
Sun also revealed that the AFRC may indirectly participate in stablecoin regulation, adopting a prudent regulatory approach similar to the earlier licensing of virtual banks (now known as digital banks), clarifying how audits of licensed institutions should be conducted and how financial statements should recognize, measure, and disclose related information.
Base Protocol Lead: Base exploring possibility of launching a token
Jesse Pollak, lead of Base Protocol, said at BaseCamp that Base is exploring the possibility of issuing a network token.
MetaMask officially launches stablecoin MetaMask USD (mUSD)
Crypto wallet provider MetaMask announced the launch of its stablecoin MetaMask USD (mUSD). According to official details, the stablecoin operates on the Linea blockchain, offers fiat on-ramp services, supports MetaMask Swap and Bridge transactions, and can be used at global merchants via the MetaMask card.
Ethena Foundation: ENA fee switch即将 activated
The Ethena Foundation officially confirmed that conditions for the risk committee-set fee switch parameters have been met. The ENA fee switch mechanism is expected to be formally activated after the risk committee signs off on implementation details and completes further governance procedures. The risk committee is currently discussing specific implementation plans, and once the final framework is established, it will be publicly released and require ENA token holders to confirm the proposal through voting.
Ethereum Foundation forms "DAI" team to advance on-chain AI development
According to market reports, the Ethereum Foundation will establish a "DAI" team to promote on-chain AI development.
Arthur Hayes: Trump may take control of the Fed and accelerate money printing in first half of 2026
BitMEX co-founder Arthur Hayes announced he will deliver a speech at the KBW conference next Tuesday (23rd) at 10:40 AM.
Hayes revealed that his talk, titled "Four, Seven," will discuss how Trump could gain control of the Federal Reserve and begin accelerating money printing in the first half of 2026.
PayPal integrates Bitcoin, Ethereum, and PYUSD into new P2P payment flow
According to an official press release, PayPal announced on September 15, 2025, the launch of a new feature called "PayPal Links," allowing users to send and receive funds via personalized one-time links within any conversation. The feature is now live in the U.S. and will expand to markets including the UK and Italy later this month.
Additionally, PayPal will directly integrate cryptocurrency functionality within its app, enabling U.S. users to easily send digital assets such as Bitcoin, Ethereum, and PYUSD. Notably, person-to-person transfers between friends and family via PayPal and Venmo will continue to be exempt from 1099-K tax reporting.
Helius announces raising over $500 million to launch SOL treasury company
Helius Medical Technologies (Nasdaq: HSDT), in partnership with Pantera Capital and Summer Capital, announced the raising of over $500 million to launch a SOL treasury company. The project is expected to bring a total capitalization exceeding $1.25 billion, aiming to accelerate growth in the Solana ecosystem. The funding round was led by Pantera Capital and Summer Capital, with participation from prominent investors including Big Brain Holdings and Arrington Capital.
Helius plans to use the proceeds to acquire Solana's native token SOL as its primary reserve asset and generate revenue through SOL's approximately 7% native staking yield and DeFi opportunities. The transaction is expected to close on September 18 and includes the sale of common stock and warrants, with a warrant exercise price of $10.134 and a three-year term.
SOL Treasury Company Forward Industries plans to deploy funds into Solana DeFi protocols
According to The Block, Kyle Samani, Chairman of crypto asset management firm Forward Industries, said the company plans to deploy capital into decentralized finance protocols on Solana.
Last week, Forward Industries, an asset manager focused on the Solana ecosystem, successfully raised $1.65 billion in a private funding round led by Multicoin Capital, Galaxy Digital, and Jump Crypto. Today, analysts reported that Forward Industries has already deployed $1.5 billion out of its $1.6 billion treasury to purchase SOL.
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