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In 2025, "Crypto Treasury" (DAT) became a sensational new asset allocation trend in the U.S. stock market, with over 200 publicly listed companies announcing plans to include crypto assets on their balance sheets. However, this capital frenzy has sparked widespread concerns about abnormal stock price volatility, asset bubbles, and insider trading. As a result, on September 24, the SEC and FINRA jointly announced investigations into more than 200 related listed companies.
On September 25, the highly anticipated Plasma native token XPL was officially launched, with the opening price once soaring to $1.6. Plasma subsequently initiated a large-scale 7-day liquidity incentive program (lasting until October 2), in collaboration with major DeFi protocols such as Aave, Euler, and Fluid. Users can earn WXPL (Wrapped XPL) rewards by depositing stablecoins (mainly USDT0) into these protocols, with some pools offering an annual percentage rate (APR) exceeding 35%.
- 00:38Flap platform's Meme token tax mechanism supports Animoca Hong Kong Fire Relief Fund, with total donations exceeding 76 BNBJinse Finance reported that recently on the Flap platform, a community-driven Meme token ($Hong Kong Charity Fund) has donated over 76 BNB (approximately $67,000) to the Hong Kong Relief Fund initiated by Animoca through its transaction tax mechanism, achieving this donation in less than a day. According to on-chain data, the tax fees generated from trading this Meme token are donated to the Animoca charity address via the execution contract (address: 0xE789548A54E8420DAa8977d27CD43fB6CEdE5D16). The on-chain transaction hashes and data list can be queried on the Dune platform. This case demonstrates a new model of spontaneous charitable donations by the crypto community through tax mechanisms embedded in smart contracts.
- 00:19Due to failed energy price negotiations, Tether shuts down its mining operations in UruguayChainCatcher news, according to CoinDesk, Tether will shut down its mining operations in Uruguay and lay off 30 of its 38 employees due to failure to reach an agreement with Uruguayan authorities on energy prices. Tether originally planned to invest $500 million in Uruguay, but decided to withdraw due to high energy prices and regulatory obstacles. Before deciding to gradually cease its operations in Uruguay, Tether had already invested over $100 million in the country and had committed to reinvesting another $50 million in infrastructure construction.
- 00:02Terminal Finance announces the termination of the Terminal project; users can withdraw their principal 1:1 as planned.Jinse Finance reported that Terminal Finance has announced the termination of the Terminal project. The team stated that the originally planned Converge chain has not yet launched, resulting in the absence of an ecosystem foundation, even though the codebase has been completed and was ready to launch in Q1 2025. The team explored various alternative plans, but encountered significant obstacles in terms of support, asset listing potential, and long-term prospects, thus concluding that it is not feasible to continue. The team emphasized that all user principal is preserved 1:1 and can be withdrawn at any time. Existing Pendle positions can claim corresponding Ethena Sats, sUSDe yields, and etherfi points.