CAKE breaks through 3 dollars, Sequoia has received 2.7 billion dollars in investment returns from Klarna.

Headlines

▌Sequoia Capital has received $2.7 billion in investment returns from fintech company Klarna

According to The Information, Sequoia Capital first invested in Klarna in 2010, and after the fintech company went public this month, its initial investment of $500 million has yielded $2.7 billion.

▌CAKE breaks through $3, with a 24-hour increase of 12.7%

The market shows that CAKE has broken through 3 dollars, currently priced at 3.05 dollars, with a 24-hour increase of 12.7%. The market is highly volatile, please ensure proper risk control.

Market

As of the time of writing, according to data from CoinGecko:

The price of BTC is $115,629, with a 24-hour change of -0.1%;

The price of ETH is $4,486.72, with a 24-hour change of +0.3%;

The BNB price is $1057.71, with a 24-hour change of +7.2%;

The price of SOL is $239.89, with a 24-hour change of +0.3%;

The price of DOGE is $0.2685, with a 24-hour change of +0.6%;

The price of XRP is $2.99, with a 24-hour change of -0.2%;

The TRX price is $0.3466, with a 24-hour change of +0.8%;

The price of WLFI is $0.2265, with a 24-hour change of +1.79%.

Policy

▌White House Senior Official: TikTok User Data in the US Will Be Stored in the US

According to Bloomberg analyst *WalterBloomberg, senior officials at the White House have stated that TikTok user data in the United States will be stored in the U.S. on a cloud platform operated by Oracle.

▌"Caijing" Magazine: In addition to stablecoins, the Hong Kong digital currency sector is also making various attempts, which may form a "competitive and cooperative landscape"

The magazine "Caijing" published an article titled "Hong Kong's Landing on Digital Assets: Stablecoins, RWA, and Digital Renminbi Competing on Multiple Fronts," which points out that in addition to stablecoins, Hong Kong is also conducting various digital currency experiments. These include the digital currency bridge project jointly led by the Hong Kong Monetary Authority and other central banks, as well as tokenized deposits issued by banks. Many market participants believe this may form a certain degree of "competitive cooperation". Hong Kong Legislative Council member Kenneth Leung stated in an interview that Hong Kong's regulatory authorities have provided clear regulatory and tracking processes, allowing people to understand the issuance volume of stablecoins and the banking account situation of users. Bulk commodities are also seen as an important scenario for the landing of stablecoins.

****▌Canadian police seized cryptocurrency assets worth 56 million Canadian dollars

According to market news, the Royal Canadian Mounted Police has just seized digital assets worth 56 million Canadian dollars (approximately 40 million US dollars) from the TradeOgre platform, marking the largest cryptocurrency seizure in Canadian history.

Blockchain Applications

▌Coinbase CEO confirms plans to turn Coinbase into a super app to replace traditional banks

Coinbase CEO Brian Armstrong confirmed in an interview with Fox Business that the company's vision is to turn Coinbase into a comprehensive cryptocurrency "super app" that replaces traditional banking. The subsequent plan is to offer a full suite of financial services, from payments to credit cards and rewards, all supported by crypto rails. He stated, "Yes, we do want to be a super app that provides various financial services. I believe that cryptocurrency has the right to do that."

Cryptocurrency

▌The TVL of the RWA sector has surpassed 15.7 billion USD, setting a new historical high

According to DefiLlama data, the Total Value Locked (TVL) in the Real-World Asset Tokenization (RWA) sector has exceeded $15.725 billion, setting a new historical high. Among them: ·Securitize TVL reached 2.557 billion USD; ·Ethena USDtb TVL reached 1.815 billion USD; ·OndoFinance TVL reached $1.663 billion.

****▌MrBeast buys $114,000 worth of Aster tokens

According to Onchain Lens monitoring, MrBeast deposited $114,000 into the exchange to purchase Aster tokens.

****▌Arthur Hayes: If the U.S. Treasury's TGA account reaches $850 billion, the crypto market will enter a "only up" mode

On September 21, news emerged that BitMEX co-founder Arthur Hayes stated that once the U.S. Treasury reaches its goal of injecting $850 billion into the TGA( general account), the cryptocurrency market will enter a "only up, no down" mode. Hayes wrote at the time when the initial balance of TGA in the U.S. surpassed $807 billion: "With the end of liquidity depletion, the trend of 'only up, no down' will reappear." When the Treasury fills its general account, the funds are typically isolated and do not flow into the private market. However, not all analysts believe Hayes' prediction that once the U.S. Treasury reaches its target, liquidity will flow into the financial markets. André Dragosch, the European research director of investment firm Bitwise, responded: "However, the correlation between net liquidity and Bitcoin and cryptocurrencies is at best tenuous. In my view, this is simply a fruitless effort."

****▌Two giant whales leverage 3x long on ASTER, each profiting over 3 million USD

According to Onchain Lens monitoring, as the cryptocurrency ASTER continues to rise, here are the holdings of two whales, each of whom has made over 3 million dollars in profit: The whale "0xebb" made a profit of $3.7 million through its ASTER triple long position. The whale "0x38e" made a profit of $3.09 million by taking a long position with its ASTER triple.

****▌A certain whale deposited 7.4 million USDC into HyperLiquid in the past 4 hours and opened long positions on BNB and XPL

According to Onchain Lens monitoring, in the past 4 hours, a whale deposited 7.4 million USDC into HyperLiquid and opened long positions on BNB and XPL with 3x leverage.

****▌The total market value of the AI agency sector token has decreased to $6.134 billion, with a 24-hour drop of 4.0%

According to CoinGecko data, the total market capitalization of AI proxy sector tokens has fallen to $6.134 billion, with a 24-hour decline of 2.4%. Among them: AI16Z has decreased by 6.0% in the past 7 days, with a market capitalization currently reported at $1.679 billion. VIRTUAL has dropped by 6.4% in the past 7 days, with a current market capitalization of $831 million; IOTX has decreased by 9.0% in the past 7 days, with a current market capitalization of $239 million.

****▌The Fear and Greed Index today has risen to 49, remaining at a neutral level

The Fear and Greed Index today rose to 49, remaining at a neutral level. Note: The Fear Index threshold is 0-100 and includes indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Popularity (15%) + Market Surveys (15%) + Bitcoin's Proportion in the Overall Market (10%) + Google Trends Analysis (10%).

****▌Over the past 24 hours, CEX net outflow exceeds 18,000 BTC

According to Coinglass data, the cumulative net outflow of CEX in the past 24 hours is 18,553.02 BTC, with the top three CEX by outflow volume as follows: Coinbase Pro, outflow of 14,450.63 BTC; Binance, outflow of 2,409.13 BTC; Kraken, a total of 912.89 BTC flowed out. In addition, Bitfinex saw an inflow of 99.19 BTC, ranking first on the inflow list.

****▌The on-chain total holdings of the US spot Bitcoin ETF have surpassed 1.3 million BTC

According to Dune Analytics, the on-chain total holdings of the Bitcoin spot ETF in the United States have exceeded 1.3 million BTC, currently reaching approximately 1.307 million BTC, which accounts for 6.56% of the current BTC supply. The on-chain holding value has reached approximately $151.6 billion.

Important Economic Dynamics

▌Simkus: The European Central Bank needs to cut rates in December to achieve the 2% inflation target

ECB governing council member Simkus stated that the European Central Bank needs to cut interest rates in December to safely achieve the 2% inflation target.

Golden Encyclopedia

▌Is SUI the future of decentralized networks?

Sui was launched by Mysten Labs in May 2023, a company founded by former Meta engineers involved in the Facebook Diem project (formerly Libra), aimed at providing a decentralized solution capable of processing a large number of transactions with minimal latency. One of Sui's standout features is its parallel transaction processing. While other networks like Solana and Avalanche also use similar techniques, Sui distinguishes itself by reducing the complexity of coordination between validators. This simplified approach makes the network more efficient and scalable, maintaining high throughput even under heavy traffic without the bottlenecks that typically affect other blockchains. As part of this, Sui introduces an object-centric model. This not only allows for finer-grained transaction processing; it also allows digital assets to evolve and change over time rather than remaining static. This makes the platform particularly suitable for applications involving non-fungible tokens (NFT), GameFi, and decentralized finance (DeFi), where assets often need to be updated or modified. In contrast, blockchains like Solana and Avalanche are optimized for speed but lack this flexibility in handling dynamic data. From DeFi to gaming and supply chain management, Sui's architecture supports fast and efficient transactions, making it an attractive platform for developers looking to build on cutting-edge blockchain.