Federal Court Blocks Dismissal of Federal Reserve Governor Lisa Cook, Trump Administration Appeals
A federal judge in Washington, D.C. temporarily halted President Trump's dismissal of Federal Reserve Governor Lisa Cook on September 10. Trump had accused Cook of mortgage fraud prior to her appointment in 2022 but failed to provide sufficient evidence to meet the legal threshold for "for cause" dismissal. The court noted that the "for cause" clause typically applies only to misconduct during the term of office, not actions taken before assuming the role. The White House immediately appealed the ruling, seeking to overturn the court's temporary injunction.
Minnesota Credit Union Issues "Cloud Dollar" Stablecoin
St. Cloud Financial Credit Union (SCFCU) in Minnesota, with assets exceeding $400 million, announced it will launch its own stablecoin "Cloud Dollar" (CLDUSD) in the fourth quarter of 2025, claiming to be the first stablecoin issued by a U.S. credit union.
The project is developed in collaboration with blockchain company Metallicus and fintech service provider DaLand CUSO, aiming to enable nearly instant, low-cost on-chain transfer services among members, institutions, and merchants.
Ant Group Releases Antchain Index to Promote On-Chain Management of New Energy Assets
On September 10, Ant Group, in collaboration with Longxin Technology, launched the Antchain Index, a digital system platform for new energy assets, at the New Energy Asset Community Autumn Summit, and established "Antchain Trust." The platform integrates blockchain, IoT, and AI technologies, primarily targeting wind energy, photovoltaics, energy storage, charging stations, and computing power leasing, providing asset management, dynamic rating, and pricing services to address data silos and insufficient asset liquidity in the new energy sector.
India Rejects Comprehensive Cryptocurrency Legislation, Framework Shelved Due to Systemic Risk Concerns
The Indian government recently decided not to immediately introduce comprehensive cryptocurrency legislation, fearing that integrating digital assets into the mainstream financial system could trigger systemic risks. Internal government documents indicate that the Reserve Bank of India (RBI) believes regulation is necessary but difficult to fully control in practice; it also holds reservations about the potential over-popularity that "legalizing" cryptocurrencies might bring.
Robinhood to Launch Social Trading Platform Robinhood Social
Robinhood recently announced the launch of a new social media platform, "Robinhood Social," aimed at creating a trading interaction network for investors. Users can not only share their real trades but also follow others' actions and initiate buy/sell directly from the feed. The platform will offer personalized recommendations and popular trading rankings to enhance community engagement and platform stickiness. Robinhood Social is expected to open a beta version for about 10,000 users in the U.S. in early 2026, with gradual expansion thereafter.
SharpLink Gaming Initiates $1.5 Billion Stock Buyback Plan, Has Repurchased Nearly 1 Million Shares
SharpLink Gaming announced on September 9 that it has initiated a $1.5 billion stock buyback plan, having repurchased approximately 939,000 shares of common stock at an average price of $15.98 per share. The company stated that the current stock price is below its net asset value of Ethereum (ETH) assets, believing that repurchasing shares is an effective way to enhance shareholder value.
SharpLink currently holds approximately $3.6 billion in ETH assets, nearly all of which are staked to generate returns, and the company has no debt. Management indicated that the stock buyback would not only enhance net asset value per share but also boost market confidence in its long-term strategy.
Yunfeng Financial: Approved by Hong Kong Securities and Futures Commission to Provide Virtual Asset Trading Services
Yunfeng Financial announced on September 8 that its wholly-owned subsidiary, Yunfeng Securities Limited, has been approved by the Hong Kong Securities and Futures Commission (SFC) to upgrade its existing Type 1 securities trading license to one that allows for virtual asset trading services. This upgrade enables Yunfeng Securities to provide virtual asset trading services, including Bitcoin and Ethereum, to retail and professional investors through an SFC-licensed platform.
Christie's Closes NFT Department, Integrates Digital Art Sales into Traditional Art Categories
Global auction house Christie's announced that it has closed its independent digital art department, incorporating NFTs (non-fungible tokens) and digital artworks into the 20th and 21st-century art categories for sale.
It is reported that the vice president of the NFT department, Nicole Sale Giles, left at the end of August, while digital art sales manager Sebastian Sanchez has transitioned to a digital art expert role, remaining with the company.
South Korea's Largest Exchange Upbit Launches GIWA Blockchain
South Korea's largest cryptocurrency exchange, Upbit, announced the launch of its self-developed Ethereum Layer 2 blockchain, GIWA, on September 2025. GIWA is built on Optimism's OP Stack, offering a 1-second block time and full compatibility with the Ethereum Virtual Machine (EVM), supporting developers in migrating Solidity contracts. Upbit also launched a mobile digital asset wallet, GiWallet, which supports multi-chain asset management and transfers.
Binance to Delist BAKE, HIFI, and SLF Tokens on September 17
Binance will delist the BAKE, HIFI, and SLF tokens on September 17. Investors should pay attention to changes in trading and liquidity of these assets and adjust their holding strategies accordingly.
Mac House Enters Crypto Market, Plans Bitcoin Investment
Japanese nationwide clothing brand Mac House plans to start purchasing Bitcoin from September 17, 2025, with a total investment amount of 1.715 billion yen (approximately $11 million). This move indicates a growing interest from traditional retail companies in digital assets.
Faraday Future's Annual Shareholder Day Focuses on C10 and Crypto Strategy
Faraday Future plans to hold its annual shareholder day on September 19, where it will unveil detailed plans for its C10 model and crypto strategy business. The company will also disclose the product deployment strategy for the FF EAI Ecosystem Vehicle Chain.
Token Unlocking
Starknet will release 127 million STRK tokens on September 15, accounting for approximately 5.89% of the current circulating supply.
Onyxcoin will release 296.38 million XCN tokens on September 15, accounting for approximately 0.83% of the current circulating supply.
Sei will release 55.56 million SEI tokens on September 15, accounting for approximately 1.18% of the current circulating supply.
Arbitrum will release 92.65 million ARB tokens on September 16, accounting for approximately 2.03% of the current circulating supply.
IOTA will release 15.16 million IOTA tokens on September 17, accounting for approximately 0.41% of the current circulating supply.
Tribal Token will release 9.6 million TRIBL tokens on September 17, accounting for approximately 1.32% of the current circulating supply.
ZKsync will release 173.08 million ZK tokens on September 17, accounting for approximately 3.61% of the current circulating supply.
ApeCoin will release 15.6 million APE tokens on September 17, accounting for approximately 1.72% of the current circulating supply.
Fasttoken will release 20 million FTN tokens on September 18, accounting for approximately 2.08% of the current circulating supply.
Velo will release 3 billion VELO tokens on September 20, accounting for approximately 13.63% of the current circulating supply.
KAITO will release 8.35 million KAITO tokens on September 20, accounting for approximately 3.15% of the current circulating supply.
Optimism will release 116 million OP tokens on September 21, accounting for approximately 6.89% of the current circulating supply.
Related: Goldman Sachs CEO Questions 50 Basis Point Rate Cut, Says It's "Not on the Table"
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