Major Breakthrough in Web3 Infrastructure: DoubleZero Mainnet Beta Officially Launched

The crypto assets market has once again demonstrated its unpredictability, catching investors off guard. Bitcoin (BTC) has fluctuated upward to around $114,000, with Ethereum (ETH) following closely behind, bringing joy to recent buyers. However, Solana (SOL) has shown relatively weak performance, with its on-chain activity slowly recovering. Market sentiment is influenced by multiple factors. Bloomberg analysts indicate that the likelihood of approval for a crypto spot ETF is nearing one hundred percent. Meanwhile, BlackRock's IBIT has surpassed Deribit to become the world's largest Bitcoin options trading platform. These developments suggest that institutional investors' interest in crypto assets is growing. In terms of regulation, Musalem, an official from the U.S. Federal Reserve Bank, expects that the Office of the Comptroller of the Currency will be responsible for supervising non-bank stablecoin issuers. Turkey also plans to empower regulatory agencies to freeze bank and crypto assets accounts. These measures reflect the importance that governments around the world place on regulating crypto assets. It is worth noting that Andre Cronje's new project Flying Tulip has completed a $200 million financing round, with well-known institutions such as DWF Labs and FalconX participating in the investment. This news has injected a boost of confidence into the market. On the other hand, DoubleZero has received a No-Action Letter from the SEC, stating that its 2Z programmatic distribution does not need to be registered as a security, providing regulatory guidance for similar projects. However, the market also faces challenges. The SEC has suspended trading of QMMM stock due to its crypto treasury plan, which caused the stock price to surge by 959%. Additionally, the SEC has requested multiple crypto assets ETF applicants to withdraw their application documents, indicating that the regulatory agency is still cautiously reviewing this sector. Internationally, Kazakhstan has launched a national-level crypto reserve fund, with its first investment choosing BNB, demonstrating the government's positive attitude towards crypto assets. Meanwhile, the U.S. Bureau of Labor Statistics has released an emergency plan due to the potential government shutdown, which may have an indirect impact on the market. Overall, the crypto assets market is at a critical turning point. Investors need to seize opportunities while remaining vigilant and respecting the uncertainty of the market. In the face of significant market fluctuations, it is crucial to maintain a rational and cautious investment attitude.

AI discovered today: 1. The U.S. government is nearing a shutdown, and the lack of key economic data may exacerbate market fluctuations. 2. The SEC has requested the withdrawal of ETF application documents for tokens like XRP, and the spot ETF may be approved. 3. Anthropic has released the Claude 4.5 AI model, which has performed excellently in financial and scientific tasks. 4. OpenAI's new version of the Sora video generator may default to using copyrighted content. 5. Crypto asset concept stocks are rising, but alts are weak, as hot money may be withdrawing.

🇺🇸 JUST IN: The SEC has issued a No-Action Letter to DoubleZero, confirming that the 2Z token is not classified as an equity security and that its programmatic flows are not securities transactions. A notable step for regulatory clarity in crypto.

What happened last night on the crypto market? • The chances of approval for crypto ETFs are now "truly 100%" according to Bloomberg, thanks to new listing standards. • Bit Digital aims to raise 100 million dollars through a convertible bond issuance. • The demand from retail investors has dropped by 5% over the last 30 days, reaching a low not seen since July. • The SEC has published a No-Action Letter for DoubleZero: the 2Z token does not need to be registered as a security. • Massachusetts will hold a hearing on October 7 on a bill aimed at creating a strategic reserve in Bitcoin. • Wisconsin is proposing a bill that exempts certain Bitcoin-related activities from financial licensing requirements. • The SEC met with the NYSE and ICE to discuss crypto regulation, derivative products, and tokenized stocks. • Adrienne Harris, the chief crypto regulator in the United States, resigned yesterday. • Paul Atkins, chairman of the SEC, stated that cryptocurrencies were his number one priority.

Bitcoin (BTC) has seen a strong rebound, temporarily reported at around $114,510 on September 30. The U.S. SEC has requested that issuers of Litecoin (LTC), Ripple (XRP), Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) withdraw their 19b-4 filings, as such filings are no longer required after passing the "Universal Listing Standards." Early users of Hyperliquid sold the airdropped Hypurr NFT for $467,000, attracting market attention.