Crypto Morning Brief: Fed cuts interest rates by 25 basis points, Wormhole announces W token 2.0 upgrade
TechFlow Selected TechFlow Selected
Crypto Morning Brief: Fed cuts interest rates by 25 basis points, Wormhole announces W token 2.0 upgrade
The U.S. Congress advances a bill for a strategic Bitcoin reserve, planning to purchase 1 million bitcoins within five years.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Fed Cuts Rates by 25 Basis Points, Resuming Rate Cut Cycle
According to Jinshi Data, the Federal Reserve lowered the benchmark interest rate by 25 basis points to 4.00%-4.25%, in line with market expectations, resuming its rate-cutting cycle paused since last December.
U.S. Congress Advances Bitcoin Strategic Reserve Bill, Plans to Acquire 1 Million Bitcoins in 5 Years
As reported by Crypto in America, the U.S. Congress held a legislative advancement meeting on the Bitcoin Strategic Reserve on September 17. Republican lawmakers including Senators Ted Cruz and Marsha Blackburn, along with industry representatives such as Michael Saylor, founder of MicroStrategy, attended the meeting.
The BITCOIN Act was reintroduced in March by Senator Cynthia Lummis. The bill aims to position Bitcoin as a strategic reserve asset equivalent to gold and requires the U.S. government to acquire one million bitcoins within five years.
Hailey Miller, Policy Director at Digital Power Network, stated that participants reached strong consensus on the necessity of a strategic Bitcoin reserve, and the next step is to integrate it into a broader policy framework. This proposal expands upon President Trump’s earlier executive order banning the sale of seized bitcoins.
Notably, the proposal remains controversial beyond the cryptocurrency community, and Lummis herself acknowledges it may take considerable time to convince her congressional colleagues.
CME to Launch Solana and XRP Futures Options on October 13, 2025
As disclosed by Unfolded, the Chicago Mercantile Exchange (CME) will launch futures options for Solana and XRP on October 13, 2025.
John Lee: HKMA Will Push Commercial Banks to Offer Tokenized Deposits and Real-World Tokenized Asset Trading
According to Jinshi Data, Hong Kong Chief Executive John Lee stated in his fourth policy address that the Hong Kong Monetary Authority (HKMA) will encourage commercial banks to launch tokenized deposits and promote real-world tokenized asset trading. Examples include using tokenized deposits to settle tokenized money market funds, assisting the government in regularizing tokenized bond issuance, and encouraging banks to strengthen risk management through regulatory sandboxes.
Lee added that Hong Kong is implementing a stablecoin issuer regime and formulating legislative proposals for licensing digital asset trading and custody services. The Securities and Futures Commission (SFC) is studying ways to expand the types of digital asset products and services available to professional investors under robust investor protection, while enhancing international tax cooperation to combat cross-border tax evasion.
Wormhole Announces W Token 2.0 Upgrade, Optimizing Token Unlocking from Annual to Biweekly
Wormhole announced its W Token 2.0 upgrade plan, introducing three core changes: establishing the Wormhole Reserve strategic reserve pool, offering a 4% target base yield, and changing the token unlocking mechanism from annual to biweekly unlocks. The new scheme will take effect starting October 3, aiming to enhance ecosystem value accrual and token market stability. Notably, the total supply of W tokens remains unchanged at 10 billion, with approximately 4.76 billion currently in circulation.
Curve Finance Founder Proposes Creating Yield Basis Protocol
As reported by CoinDesk, Curve Finance founder Michael Egorov proposed on September 17 a new protocol called Yield Basis, planning to issue $60 million in crvUSD stablecoins to support the operations of three Bitcoin pools. The protocol will allocate 35%-65% of revenues to veCRV holders and reserve 25% of Yield Basis tokens for the Curve ecosystem. The proposal voting will continue until September 24.
CZ: Has Engaged With About 50 Potential BNB DAT Teams
B Strategy, the treasury company of BNB, released on X a video interview between its founder Leon Lu and CZ. In the video, CZ stated he has engaged with about 50 potential teams for BNB Digital Asset Treasury (DAT), but cannot support all BNB DAT companies—only a select few with strong capabilities will receive support.
Bio Protocol Raises $6.9M in Seed Round Led by Arthur Hayes
As reported by The Block, decentralized science protocol Bio Protocol announced a $6.9 million seed round led by Maelstrom Fund, the family office of BitMEX co-founder Arthur Hayes, with participation from Mechanism Capital, Animoca Brands, and others. The project recently launched its Bio V2 platform upgrade, transforming scientific research into decentralized AI agents via BioAgents, aiming to accelerate research and reduce costs.
Kaisa Capital: Has Initiated Strategic Transformation, Advancing RWA Tokenization Under Hong Kong's Regulatory Framework
As announced by Hong Kong-listed Kaisa Capital, the company has initiated a strategic transformation, using Hong Kong as a starting point to explore digital financial innovation within a compliant regulatory environment.
The group has partnered with a virtual asset trading platform licensed by the Hong Kong SFC to jointly advance real-world asset (RWA) tokenization under Hong Kong's compliant regulatory framework.
Going forward, the group will continue to drive innovation and resource integration in fintech, digital finance, and Web3.0.
MetaPlanet to Establish Subsidiaries in Japan and the U.S., and Acquire Domain Bitcoin.jp
As per an official announcement, Japanese-listed MetaPlanet (Code: 3350) will establish a wholly-owned subsidiary, "Bitcoin Japan Co., Ltd.," dedicated to media, events, and services related to Bitcoin. It also plans to acquire the well-known Japanese Bitcoin domain "Bitcoin.jp."
In addition, Metaplanet announced the establishment of a new U.S. subsidiary, Metaplanet Income Corp., to expand its Bitcoin income-generating business.
MetaPlanet stated that establishing subsidiaries will integrate existing operations and future initiatives, improving operational transparency and profitability, laying the foundation for strategic business expansion.
Forward Industries Announces Launch of $400 Million ATM Stock Offering Program
As reported by Business Wire, Forward Industries (Nasdaq: FORD) has filed an automatically effective "at-the-market" (ATM) registration statement with the U.S. Securities and Exchange Commission (SEC) to offer up to $400 million in common stock. The company said proceeds will be used for general corporate purposes, including advancing its Solana (SOL) strategy, purchasing income-generating assets, and other capital expenditures.
Previously, Forward Industries completed its largest Solana digital asset treasury fundraising to date, acquiring over 6.8 million SOL. Cantor Fitzgerald is serving as the sales agent for this ATM program, which does not involve any escrow arrangements.
Market Update
Suggested Reading
This article focuses on Hyperliquid's HIP-4 proposal, which aims to enter the prediction market space by launching "Event Perpetuals." This expansion not only cleverly leverages existing technology and user base but could also inject new growth momentum into Hyperliquid's ecosystem, while exploring the boundaries and future direction of DEXs.
Pump.fun Co-Founder Exclusive Interview: Why Are We Getting Into Live Streaming?
This article discusses Pump.fun, an innovative platform focused on cryptocurrency and live streaming, attracting creators and community engagement through a dynamic creator fee model and user-centric design. The platform aims to become a global comprehensive application integrating social, financial, and content creation features, while addressing challenges such as competition, bot abuse, and user losses.
Forbes: Why Are Billionaires Flooding Into Prediction Markets?
This article describes how billionaires and savvy traders in the financial world are flocking to prediction markets, seeing them as having significant investment potential. Companies like Kalshi and Polymarket are leading this space, attracting substantial capital and renowned investors. Prediction markets allow users to bet on future event outcomes by buying "yes" or "no" contracts, covering areas ranging from political elections to sports events. Despite regulatory challenges, prediction markets are seen as the next evolution of financial markets and are expected to grow significantly in the future.
Prediction Markets + Meme + Live Streaming: The Trinity of Web3 Entertainment Industry
This article discusses the ideal live streaming model for the Web3 entertainment industry, combining prediction markets, streamer tokens, and entertainment, exploring how innovative mechanisms can enhance user engagement, content creator profitability, and community interaction.
Crypto x Robotics: Deep Dive Into 6 Projects to Watch
This article explores the convergence of robotics and the crypto space, analyzing why robotics needs blockchain technology and providing an in-depth look at six notable projects and their core functionalities. These projects leverage blockchain to solve issues in robot collaboration, data security, and financing, driving advancements in the robotics industry.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
深潮TechFlow
