liquidity

According to Bitcoin Magazine, Santiago Capital CEO Brent Johnson stated in an interview with Bitcoin Magazine that Bitcoin is not a currency but the best "pure play" asset to bet on the rise of global liquidity.He believes that as the scale of digital assets and stablecoins continues to expand, Bitcoin will exist in the long term. The global overissuance of currency may drive Bitcoin to rise significantly, but he still does not believe that Bitcoin will replace the dollar system.Johnson is the proponent of the "Dollar Milkshake Theory," which suggests that the global debt crisis will actually strengthen the dollar. He mentioned that the 10-year U.S. Treasury yield has reached 5% and discussed the sovereign debt crisis, while paying attention to three major market signals: credit spreads, VIX, and the U.S. Dollar Index (DXY), as well as the dollar index range needed for the global economy, referred to as "the Band."He also talked about the GENIUS Act, stablecoins, and the trend of global dollarization, explaining why Bitcoin is a bet on global liquidity. Santiago Capital's investment directions include gold, defense, AI, and tokenization. Johnson also discussed tokenization, 24-hour trading, and the markets in Central and South America.

In the seventh live broadcast of the Huobi Expert Lecture, HTX Research asset analyst WZ pointed out that in the past, people were accustomed to explaining Crypto with Crypto, but today, the variables that determine the next phase of Crypto are increasingly occurring outside of Crypto. This marks a new pricing cycle that Crypto is entering.On the policy level, WZ believes that although the Clarity Act, which has systematic characteristics, is hindered in the Senate due to the need to secure bipartisan votes and issues involving the Trump family's interests and stablecoin profit distribution, U.S. crypto regulation has not stalled. For instance, the SEC recently released an "innovation exemption" plan that allows compliant institutions meeting certain conditions to tokenize specific stocks, accelerating the integration of traditional finance and crypto.On the macro level, WZ stated that the situation in the Middle East and the blockage risk in the Strait of Hormuz have raised the "risk premium" of crude oil. Rising oil prices can trigger inflation expectations, which in turn affect U.S. Treasury yields and global liquidity. When energy prices remain high and interest rates stay elevated, the upward potential for risk assets like Bitcoin may be constrained.WZ also pointed out that in this cycle, the direct inflow and outflow of ETF funds have changed the traditional logic of capital overflow, making a "general rise" pattern for altcoins difficult to achieve. However, in the new cycle, assets with a "new narrative" and strong consensus will still experience independent upward trends.

The non-small number joint D3 Finance is hosting the non-small number × GWDC 2026 Innovation Forum. This forum will be held on September 29, 2026, at AT CENTER in Seoul, South Korea, focusing on topics such as stock tokenization, Web3, AI, and RWA.D3 Finance, as a co-organizer, will bring Bribe Finance, ve(3,3), Gauge voting, and on-chain incentive mechanisms to the live event in Seoul. D3 Finance targets the Asian market, connecting the liquidity needs of project parties and user participation through voting rights and on-chain incentives, creating a more transparent on-chain path for emission distribution, funding, and liquidity competition.The GWDC Korea event is expected to attract 5,000 participants, including the Deputy Prime Minister and Minister of Finance of South Korea, TRON founder Justin Sun, representatives from Microsoft, Bithumb, Animoca Brands, MetaMask, BNB Chain, and other political, business, technology, and Web3 figures. D3 Finance will leverage this international exchange scenario to further demonstrate the connection between DeFi liquidity mechanisms and RWA asset liquidity.

Attackers exploited a signature verification bypass vulnerability in the Kasplex KRC-20 off-chain indexer to transfer 186 million ZEAL and 54.398 billion NACHO without holding the private keys of the bridge custody wallet. They executed five forged transactions to mint the tokens through the Igra Labs EVM layer and Kasplex L2, then sold them to the Zealous Swap liquidity pool. The KAS side of the affected liquidity pool experienced a value loss of 94% to 99.6%.Igra has suspended iKAS withdrawals to Kaspa L1 and Hyperlane transfers, and has warned users to avoid bridging KRC-20 tokens, buying ZEAL or NACHO on the L2 DEX, and adding liquidity to the related pools. The Kaspa L1 consensus and unbridged Igra assets were not affected. Zealous Swap stated that the operators need to fix the indexer and re-index the history, rejecting transactions with empty signatures, abnormal tags, and transactions containing scripts after OP_ENDIF.

Grayscale Zcash ETF (ZCSH) is applying for a 3-for-1 forward split, which is expected to take effect on September 28. This move aims to lower the share price to enhance liquidity, as the fund's price had become too high due to significant increases.

Uniswap founder Hayden Adams retweeted a comment letter from U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce supporting autonomous decentralized systems, pointing out that the most favorable news for automated market makers (AMM) today is Hester Peirce's view that truly decentralized systems driven by autonomous software do not need to obtain exemptions, which corresponds to the permissionless nature of Uniswap.Adams stated that the SEC's innovative exemption applies to permissioned liquidity pools on Uniswap v4, providing a pathway for assets and users with relevant compliance needs to conduct transactions in the U.S., which is expected to promote the adoption of AMM. Uniswap will submit a comment letter with suggestions for improvements.

Hester M. Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), stated that the U.S. stock market is gradually forming a trading model of "23 hours, 5 days a week" for extended trading hours. Although overnight trading currently accounts for less than 1% of the total trading volume of NMS stocks and is highly concentrated in a few stocks, both new and established trading venues have been actively extending their operating hours over the past two years, while raising six key questions:How should the U.S. stock market learn from the experiences of the long-established foreign exchange, cryptocurrency, and futures markets?How can brokers fulfill their best execution obligations and enhance retail investor protection when overnight liquidity is dispersed and spreads widen?When overnight liquidity is insufficient and execution costs are high, is it still a reasonable fiduciary decision for asset management institutions to choose not to engage in overnight trading?Will extending trading hours change the way listed companies release financial reports and significant information?Given that EDGAR filings submitted after 5:30 PM Eastern Time are typically processed on the next business day, does the SEC need to adjust the EDGAR system to ensure timely disclosure of significant information during the overnight trading period?Should the SEC provide relevant guidance or regulatory exemptions for listed companies, especially smaller ones?

According to official news, the Arc public chain has now integrated with Binance Wallet DeFi, allowing users to provide liquidity for designated liquidity pools on Arc through the Binance App and manage LP positions uniformly within the wallet.

The on-chain trading platform GMX has released a governance proposal to allocate $10 million from the treasury to establish a GMX token market-making fund in the first phase. The fund will use the total chain merged open interest as a reference indicator. When the circulating market value of GMX is below the merged open interest, the focus will be on repurchases; when the circulating market value is not less than the merged open interest, it will shift to providing liquidity.The proposal also discloses the subsequent roadmap, including cross-collateral and cross-margin models, market segmentation, net open interest, RFQ, permissionless markets, Robinhood integration, and a new USDG LP product line, among others. In addition, GMX will initiate GT repurchases and distribute GT airdrops to GMX stakers, with specific details to be announced in future proposals.

Cryptocurrency analyst Willy Woo stated, "I personally believe the probability of the cryptocurrency market hitting the bottom is 90%. Based on the liquidity of long-term investors returning, we are currently in an early bull market structure. The core of the judgment is the liquidity structure of BTC; there is an intention to avoid historical cyclical patterns, although these cyclical patterns have performed exceptionally well in determining market bottoms so far. According to cyclical patterns, the consensus probability among other analysts is about 40%.From the perspective of liquidity structure, we are currently in an early bull market, and the market bottom has likely already occurred. If this judgment is correct, then there is another question: how long will this bull market last? Will it last for 3 years? I wouldn't necessarily bet on that, as historical cyclical patterns are gradually losing effectiveness. As long as the inflow of investor funds does not show significant weakness, the bull market structure will continue, but the duration is currently uncertain."

According to Ledger Insights, the European Securities and Markets Authority (ESMA) recently published the "Trends, Risks, and Vulnerabilities Report for the First Half of 2026," in which digital assets and prediction markets occupy three chapters. Regarding crypto assets, the report warns that the increasing ties between cryptocurrencies and the traditional financial sector pose risks. Concerning tokenization, the report points out that issuing different tokenized versions of the same stock may lead to fragmented liquidity.As for prediction markets, the report believes that prediction markets have not yet seen significant development in Europe. This is because major platforms do not yet hold EU licenses, and in most cases, they need to obtain licenses. The European Securities and Markets Authority (ESMA) outlines some potential advantages of tokenization, including increased efficiency, expanded investor access, programmability, and atomic settlement. On the other hand, ESMA also questions how much these advantages are actually realized within these encapsulated structures.Since the ownership of the underlying stocks is off-chain, there is no single data source on-chain, and self-custody can only be achieved indirectly through these structures. Tokenization structures also introduce additional layers of intermediaries, leading to complexity and risk. The settlement advantages are also difficult to realize. Even if token transfers occur on-chain, the cash portion of the transaction is usually settled separately, whether through bank payments or other channels. This means that for certain transactions, the promised atomic settlement (i.e., simultaneous delivery of securities and cash) has not yet been achieved.

Former U.S. President Biden's son Hunter Biden stated that the LAPTOP Foundation's X account has currently been suspended, and the team is attempting to restore the account. During this period, information will be published through Medium, and the foundation will not withdraw from the LAPTOP project. The accompanying statement mentioned that after establishing an initial liquidity pool of 0.05 USD per token, LAPTOP encountered significant demand and front-running bots, resulting in insufficient initial liquidity from market makers, which caused the token price to fluctuate violently before liquidity was replenished.To improve market liquidity, the team began injecting 4 million LAPTOP tokens into the Aerodrome liquidity pool as incentives starting from 0:00 UTC on September 10, accounting for 0.4% of the total supply. Additionally, two predicted events will settle with "YES," and 10 million LAPTOP tokens will be burned within the first week of launch, accounting for 1% of the total supply. The team stated that there was no presale of LAPTOP, nor were tokens allocated to investors, influencers, or KOLs; 30% of the tokens held by the founders are locked for 6 months and will be unlocked over two years, held in custody by Coinbase Custody, while another 30% allocated for the prediction mechanism is locked for 12 months.80 million LAPTOP tokens can be claimed by users who subscribed to Hunter Biden's Substack before September 6, with a claiming period of 30 days, and any unclaimed portion will be burned. Previously, Hunter Biden expressed that he did not gain any profits from LAPTOP amid the violent fluctuations after the token launch.

Bitget released its transparency report for August 2026, disclosing its latest progress in the construction of a multi-asset trading ecosystem. In terms of U.S. stock tokens, taking rNVDA as an example, its daily trading volume reached $38.5 million, with over 4,200 users completing approximately 112,800 transactions, of which about 36% of the trading volume occurred outside regular U.S. trading hours, reflecting that rToken is becoming a core tool for investors to break through traditional trading time constraints and achieve 24/7 global asset allocation.On the institutional business front, Bitget launched an institutional-level CFD liquidity solution aimed at quantitative teams, proprietary trading firms, funds, brokers, and high-net-worth professional traders, supporting high-frequency quantitative trading, arbitrage between futures and spot, and automated trading scenarios such as EA.At the same time, the platform launched FCN (Fixed Coupon Notes), bringing traditional financial structured products into the tokenized U.S. stock market, becoming the first cryptocurrency exchange to combine the FCN structure with USDT settlement and U.S. stock rToken delivery. As related products and trading infrastructure continue to improve, Bitget is further strengthening its capabilities in institutional-level services, multi-asset coverage, and liquidity.In addition, third-party data shows that Bitget performs outstandingly in terms of liquidity and execution efficiency for tokenized stocks and stock perpetual contracts. In a liquidity benchmark test targeting the five stock spot markets of MSTR, SPY, QQQ, CRCL, and NVDA, DeFiLlama recorded Bitget with the lowest median bid-ask spread of 0.83 basis points and the deepest order book liquidity among all sample markets. In execution benchmark tests covering 36 stock perpetual contracts and 8 types of metal and commodity perpetual contracts, Bitget maintained a significant lead in approximately 90% of trading pairs.