Key Market Insights for September 25th, how much did you miss out on?
Top News
1. Plasma has transferred over 1 billion USDT to USDT0 to prepare for mainnet launch
2. XPL surges over 15% in pre-market trading, now trading at $0.8443
3. Cryptocurrency market continues to slump, with Ethereum flirting with the $4000 mark
4. Naver, South Korea's largest portal site subsidiary, is engaging in a comprehensive stock swap with Upbit's parent company Dunamu
5. GoPlus: GAIN's abnormal minting event bears resemblance to the Yala incident
Featured Articles
1.《Plasma, highly anticipated, goes live tonight. Can it change the landscape of on-chain payments?》
A funding news piece from stablecoin giant Tether is enough to hold the entire traditional financial industry's breath. According to Bloomberg, the "central bank of the crypto world" managing nearly $173 billion USDT is seeking a valuation of up to $500 billion in a round of $15-20 billion private funding. What does this number mean? It means that Tether's scale will directly rival global top-tier tech unicorns like OpenAI and SpaceX, while its staggering $4.9 billion net profit for a single quarter puts many traditional financial institutions to shame. This is not just funding; this is a "hidden whale" rising from the crypto world, making a formal value declaration to the traditional financial system.
2. "Plasma, Highly Anticipated, Goes Live Tonight, Can It Change the On-Chain Payment Landscape?"
We have all heard the classic business metaphor: "It is better to be the head of a chicken than the tail of a phoenix." Plasma embodies this in the world of on-chain payments and revenue opportunities. Rather than being another all-purpose chain, competing with impractical technical innovations, Plasma laser-focuses on becoming infrastructure for institutional use.
On-Chain Data
On-Chain Fund Flow on September 25th
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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