PANews on Sept. 13 published a wide-ranging daily briefing covering regulation, macro developments, project news, fundraising, market views, and on-chain or trading data. One of the session’s biggest moves came from Lisk, whose LSK token rose more than 500% over 24 hours.
Regulation and macro
Thailand SEC proposes new stablecoin transfer limits
Thailand’s Securities and Exchange Commission has drafted new rules for stablecoins. Under the proposal, licensed crypto platforms would only be allowed to let customers deposit or withdraw stablecoins from their own verified accounts or wallets, while transfers to other people’s wallets would be banned.
The draft also sets a daily cap of 5 million baht, or about $150,000, per person per platform for both inflows and outflows. The proposal is still in the public consultation stage, with comments open until Sept. 25, and has not taken effect.
Markets turn to the Fed, BOE, and BOJ next week
With oil back at $100 and inflation expectations heating up again, PANews said three themes drove global assets this week: repricing around a Federal Reserve rate hike, supply risks in the Middle East, and moves in long-end yields.
The U.S. reported August PPI and CPI this week. PPI rose 5.4% year over year, above the 5.3% market expectation. Headline CPI came in at 3.4% year over year, unchanged from July and in line with expectations, while core CPI rose 0.3% month over month, above the 0.2% forecast. After the data, the interest rate swap market quickly lifted the implied probability of a Fed hike next week to about 90%, up from 69% before the release. Markets have even fully priced in two rate hikes this year.
U.S. equities pulled back from recent highs over the week. The Dow Jones Industrial Average fell 1.57%, the S&P 500 lost 0.8%, and the Nasdaq dropped 0.66%. On Friday, after the CPI release, all three major indexes closed up about 1%, ending a four-session losing streak.
Key events and data next week include:
- Tuesday 20:30: U.S. September New York Fed Manufacturing Index, U.S. August import price index month-over-month, Canada July wholesale sales month-over-month;
- Wednesday 17:00: Eurozone July industrial production month-over-month;
- Wednesday 20:30: U.S. August retail sales month-over-month, U.S. August core retail sales month-over-month;
- Wednesday 22:00: U.S. July business inventories month-over-month, U.S. September NAHB housing market index;
- Thursday 02:00: Federal Open Market Committee rate decision and Summary of Economic Projections;
- Thursday 02:30: Fed Chair Waller’s monetary policy press conference;
- Thursday 17:00: Eurozone August final CPI year-over-year and final core CPI year-over-year;
- Thursday 19:00: Bank of England rate decision;
- Thursday 20:30: U.S. initial jobless claims for the week ending Sept. 12, U.S. August housing starts annualized, U.S. August building permits, U.S. September Philadelphia Fed Manufacturing Index;
- Friday 11:00: Bank of Japan rate decision;
- Friday 16:00: Eurozone July seasonally adjusted current account;
- Friday 21:15: U.S. August industrial production month-over-month;
- Friday 21:15: U.S. August Conference Board leading indicator month-over-month.
PANews added that the U.S. second-quarter earnings season is largely over. Even so, a small number of upcoming reports may still offer a read on macro conditions, with homebuilder Lennar drawing particular attention.
White House crypto adviser says time is running out for the Clarity Act
Patrick Witt, executive director of President Donald Trump’s digital asset advisory council, told Semafor that the window for the Clarity Act is closing. If next week’s procedural vote fails, when the bill might get another chance is, in his words, something “no one can say.”
Witt said a failed motion vote would not give anyone what they want and called on both parties to back the bill: “Join this bill, let us keep talking.” The procedural vote is scheduled for Sept. 15.
House Ways and Means Committee to review crypto tax rules on Sept. 16
The U.S. House Ways and Means Committee is set to review a package of digital asset tax legislation on Sept. 16, pushing crypto tax bills closer to a vote by the full House.
The review centers on two issues: when miners and stakers should be taxed on newly created tokens, and whether wash-sale rules used for stocks should also apply to digital assets.
The two key bills are the Mining and Staking Tax Clarity Act, H.R. 9175, and the bill titled Applying Existing Anti-Abuse Tax Rules to Digital Assets, H.R. 9172. The first would let miners and stakers defer taxes on newly received tokens until those tokens are actually sold, at which point they would be taxed as ordinary income. The second would extend wash-sale and constructive sale rules to actively traded digital assets.
Project updates
Cascade shuts down operations
Crypto brokerage platform Cascade, formerly Perennial, said it is stopping operations. Users can withdraw remaining funds from their Cascade accounts through an official link using Privy Home to log in.
The platform said it spent the past five years building what it described as a next-generation brokerage experience, a unified platform for global markets built around 24/7 access and broad availability.
Hey Wallet will discontinue its product
Solana social wallet Hey Wallet said it will shut down the product and advised users to back up their wallets.
The wallet let users send SOL through posts, tip creators, mint NFTs, and trade on X, Discord, and Telegram.
Grayscale files to convert Litecoin Trust into ETF
The U.S. Securities and Exchange Commission has received a filing from Grayscale seeking to rename Litecoin Trust as the Grayscale Litecoin Trust ETF. The product is intended to list on NYSE Arca under the ticker LTCN.
Revolut says affected customers were contacted after data exposure
Revolut said sensitive customer information was disclosed to an unauthorized third party after that party used a fraudulent request sent from what appeared to be a legitimate government agency email domain.
The company described the incident as a “highly coordinated external impersonation scam” and said it blocked the email address after identifying it. Revolut said its systems and customer funds were not affected, and that only a limited number of customers were impacted and contacted directly.
The exposed information may include names, dates of birth, mailing addresses, email addresses, phone numbers, and copies of identity documents such as passports and driver’s licenses. Selfies used for verification, account statements, and transaction records may also have been exposed.
Bonk Guy disputes EMBER cluster claims
Trader Bonk Guy said EMBER does not have an internal cluster controlling more than 50% of supply.
He said the address links shown on Bubblemaps came from EMBER’s flywheel mechanism using an externally owned account, or EOA, to distribute tokens instead of a contract. Because that EOA transferred tokens to multiple participating user wallets, Bubblemaps grouped the distribution wallet and recipient addresses into one connected network.
Bubblemaps also suggested the project replace that EOA with a contract. Bonk Guy said he hopes EMBER developers adopt that suggestion and again denied any connection to the alleged internal cluster.
Solana Mobile says Brevo security incident affected its account
Solana Mobile wrote on X that a security incident at Brevo, its third-party marketing email provider, affected some customer accounts, including Solana Mobile’s.
The team said it disabled the Brevo account after discovering unauthorized access and is working with Brevo to determine the scope of the data accessed. Based on what it knows so far, Solana Mobile said no emails appear to have been sent from its account, though checks are still ongoing.
It also reminded users that Solana Mobile will never ask for a seed phrase, private key, or wallet recovery information.
Fundraising and investment
Vy Capital holds about 3.4% of SpaceX
Venture firm Vy Capital now holds about 3.4% of SpaceX, a stake valued at about $40 billion, making it the company’s fifth-largest shareholder. PANews said that holding is larger than the disclosed positions of Sequoia Capital and Andreessen Horowitz, or a16z.
Vy Capital first invested in SpaceX in 2016, when the company was valued at about $15 billion. Assets under management at Vy Capital rose from $27 billion at the end of last year to $50 billion in June this year.
In a letter to investors, the firm said it has delivered a 41% gross internal rate of return since it was founded in 2014 and has distributed $4.6 billion to investors. Vy Capital said it expects SpaceX to be worth more than $10 trillion in five to seven years if its investment thesis plays out.
The firm has only a few dozen employees, a core investment team of four people, and stopped accepting outside investors last year.
Views and analysis
CryptoQuant analyst says long-term holders remain mostly on the sidelines
CryptoQuant analyst Darkfost said this cycle may be the most active period for long-term holders.
Using coin days destroyed, or CDD, he said selling intent among long-term holders has strengthened, driven mainly by liquidity tied to ETFs and corporate accumulation. Even so, overall long-term holder activity has remained fairly muted since 2026. The recent rise alongside BTC may reflect some profit-taking, but there is still no sign of sustained large-scale transfers. For now, he said, long-term holders are mostly waiting.
Tom Lee says the next 12 months look “extremely bullish”
Tom Lee said the crypto market will be “extremely bullish” over the next 12 months because excess leverage was flushed out in October last year and the four-year cycle is set to bottom next month.
AMC CEO renews criticism of Robinhood stock tokens
AMC Entertainment CEO Adam Aron again criticized Robinhood’s stock token business and directed a series of questions at Robinhood CEO Vlad Tenev and chief legal officer Dan Gallagher.
Aron challenged Robinhood’s use of a Jersey entity to issue the products and questioned the claimed 1:1 stock-backing mechanism. He asked whether a token can still be considered fully backed one-to-one if the real shares supporting it have been lent out to short sellers.
“I find that offensive. It violates the basic spirit of stock ownership. The point of building public financial markets was to let companies raise capital and allow investors to share in the wealth created, not to turn investing into a gamified, commercially driven casino,” Aron said. He added that the practice brings shame on Robinhood.
JackYi outlines two possible paths for BTC under rate-hike expectations
Liquid Capital founder JackYi said on X that rate-hike expectations have split the market.
He laid out two scenarios. If the Fed does raise rates, Bitcoin could break below $76,000 in the short term and stay weak before moving higher later. If there is no hike, it may continue to rise. He added that spot exposure without leverage is the best approach.
JackYi also listed what he sees as opportunities over the next three years: roughly fourfold upside in spot BTC and ETH, the possibility of chasing tenfold returns through swing trading, large upside in trading infrastructure because trading remains a core blockchain demand, and what CZ defined as IPOs, meaning stocks and IPOs moving on-chain, which he said would replace the old white-paper token model.
Altman says OpenAI will not go public this year
OpenAI founder Sam Altman said OpenAI will not go public this year because the company still has a large amount of safety work to complete.
His comments came as public concern over catastrophic AI outcomes intensified after an Anthropic employee resigned and issued a stark warning about AI capabilities. Altman said, “Now is not the right time to go public. I don’t think it will be 2026. We still have a lot to do.”
Markets had expected both OpenAI and Anthropic to potentially pursue very large IPOs this year. PANews said Altman’s comments shift more of the listing pressure to Anthropic CEO Dario Amodei, especially after Amodei warned on Saturday that AI development needs to slow down.
OpenAI CEO hints at cooperation among leading AI companies on safety
In an interview with Fortune on Friday, Altman suggested OpenAI and other leading AI companies may soon announce cooperation aimed at slowing AI development and jointly addressing safety risks.
When asked whether he would work on a safety plan with Anthropic’s Dario Amodei, SpaceX’s Elon Musk, and Google’s Demis Hassabis, Altman said, “I think that will happen,” while declining to reveal details of private discussions in advance.
Earlier, Anthropic researcher Jacob Coxon resigned and accused the two companies of “racing at full speed toward self-improving superintelligence.” Anthropic’s alignment lead responded by saying the risk of AI causing human extinction over the next decade exceeds 10%. Altman said a 10% catastrophic risk is unacceptable and that the most advanced models need more progress in observability and alignment before moving ahead.
Donut AI CEO discloses positions across Robinhood Chain and Solana
Donut AI CEO and founder Chris disclosed his trading path across Robinhood Chain and Solana.
He said he held PUMP for several months and made more than $936,000 in profit. He described Pump Fun as one of the most stable revenue-generating products in crypto, while criticizing its mobile experience and pace of social-feature innovation.
He then rotated to Robinhood Chain and built positions in PONS, AI, BONER, and other trending tokens on Fomo, generating more than $130,000 in profit over 30 days. His exit in PONS corresponded to a market capitalization of $600 million.
He also said he entered STONK at a market cap of $89 million and is now sitting on about $180,000 in unrealized profit, with the token’s market cap around $240 million and his return above 170%. Chris said the two chains attract different capital flows: Robinhood is an incremental game driven almost entirely by new retail money, while Solana is a rotation market powered by existing SOL capital, leaving him more bullish on the Solana ecosystem.
XWIN Japan says Bitcoin investors stayed cautious after CPI
XWIN Japan said Bitcoin moved between steady buying and short-term caution this week. Headline U.S. CPI matched expectations, but stronger-than-expected core monthly inflation reinforced concerns about higher rates.
BTC fell to about $76,700 after the release, rebounded to around $80,000, and then slipped back into the $77,000 range. The firm said the deeper issue is the gap between long-term demand and short-term selling pressure. U.S. spot Bitcoin ETFs have posted net inflows for three straight weeks, while corporations and long-term investors continue to accumulate. At the same time, spot demand remains soft, Binance’s BTC reserves have reached a two-year high, and derivatives selling pressure has intensified without a sufficient drop in open interest.
XWIN Japan said investors have shifted from FOMO to loss avoidance. Stablecoin liquidity and signs of Coinbase buying suggest demand has not disappeared, but conviction is split between buyers and sellers. Higher oil prices, elevated bond yields, and inflation concerns may keep fresh liquidity from entering the market.
Key data
Nasdaq-100 to raise SpaceX weighting
Nasdaq said SpaceX’s weight in the Nasdaq-100 is expected to rise from about 1.28% to about 2.82% later this month. Wall Street expects the change to drive billions of dollars in additional buying from index funds and ETFs that track the benchmark. As more shares enter the market, SpaceX’s weight in the index is expected to rise again.
Uniswap tops $70 billion in monthly volume
Uniswap said DefiLlama Research data shows its trading volume exceeded $70 billion over the past month, more than the combined total of the next three decentralized exchanges behind it.
LSK climbs 512.7% in 24 hours and leads the market in liquidations
LSK rose 512.7% over 24 hours, hit a high of $1.71, and was last quoted at $0.98. Total liquidations across the market reached $126 million during that period, with LSK accounting for $38.3655 million, the highest among all assets.
Point Farm Capital sits on $10 million unrealized gain in STONK
Point Farm Capital has an unrealized profit of $10 million from trading STONK. The firm invested a total of 1 million USDC and bought 37.21 million STONK at an average market cap of $21 million. STONK’s market cap has now reached $240 million, implying about a 10x return.
Morgan Stanley adds BTC for a third straight day
Morgan Stanley has increased its Bitcoin holdings for three consecutive days through its spot Bitcoin exchange-traded fund, MSBT. It spent a combined $15.81 million to add about 203.446 BTC. Its total Bitcoin holdings have now surpassed 7,800 BTC for the first time, reaching 7,855 BTC, worth more than $600 million.
Whale 0x3305 buys 358,609 HYPE in 15 days
Whale address 0x3305 has been buying HYPE daily and accumulated 358,609 HYPE over the past 15 days, worth about $28.8 million.
StonkFun revenue tops Hyperliquid, Pump.fun, Fomo, and GMGN
According to DefiLlama, StonkFun generated $1.84 million in revenue over the past 24 hours, exceeding Hyperliquid’s $1.13 million, Pump.fun’s $1.22 million, Fomo’s $1.20 million, and GMGN’s $1.60 million. Pons did not appear on the list of protocols with more than $1 million in 24-hour revenue.
Tokenized stock holders jump 619.1% in 90 days
Token Terminal data shows the number of tokenized stock holders rose 619.1% over the past 90 days to 3.6 million. BNB Chain led with 1.5 million, followed by Robinhood Chain with 1.2 million and Solana with 647,500. Token Terminal said distribution is quickly becoming the key battlefield for tokenized stocks.