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This article reports on the collaboration between Cactus Custody, the compliant digital asset custody institution under Matrixport, and Singapore Gulf Bank (SGB). The partnership aims to provide institutional clients with compliant and efficient fiat custody and instant deposit and withdrawal services to meet the needs of connectivity between digital assets and traditional finance.

As the crypto market recovers in 2025, Digital Asset Treasury (DAT) firms and protocol token buybacks are drawing increasing attention. DAT refers to public companies accumulating crypto assets as part of their treasury. This model enhances shareholder returns through yield and price appreciation, while avoiding the direct risks of holding crypto. Similar to an ETF but more active, DAT structures can generate additional income via staking or lending, driving NAV growth. Protocol token buybacks, such as those seen with HYPE, LINK, and ENA, use protocol revenues to automatically repurchase and burn tokens. This reduces circulating supply and creates a deflationary effect. Key drivers for upside include institutional capital inflows and potential Fed rate cuts, which would stimulate risk assets. Combined with buyback mechanisms that reinforce value capture, these assets are well-positioned to lead in the next market rebound.

Recent bullish news surrounding a potential Solana ETF has reignited market optimism. The SEC has asked issuers to update their S-1 filings, signaling that ETF approval could be near. This development has boosted confidence in the Solana ecosystem. As a high-performance Layer-1 blockchain, Solana (SOL) offers fast transactions and low fees, making it a hub for DeFi and NFT activity, while also drawing increasing institutional interest. Jito (JTO), the leading liquid staking protocol on Solana, saw its token surge 17% after JitoSOL was included in a Solana ETF prospectus. Its MEV optimization further enhances network value. Jupiter (JUP), Solana's top DEX aggregator with a 95% market share, recently launched a lending protocol, highlighting strong growth potential. These tokens offer investors early exposure ahead of a possible ETF approval and a chance to benefit from Solana's expanding ecosystem.

The crypto market has recently been affected by multiple uncertainties, posing significant challenges for investors. Since the Trump administration took office, its foreign policy has shifted rapidly and unpredictably. For example, in early 2025, the U.S. Unexpectedly tightened restrictions on tech exports to China, leading to diverging views on the future of blockchain-related technologies. Although Trump has repeatedly voiced support for cryptocurrencies on social media, no concrete policies have followed. This ambiguity has made market sentiment swing between optimism and caution, leaving it highly reactive to both breakthroughs and black swan events. Meanwhile, the altcoin market continues to languish, lacking a clear investment narrative. Previously common sector rotations, such as DeFi, AI, or GameFi, have largely faded. Hype is scattered and short-lived. Memecoins on various public chains have surged in number, but most have short lifespans and quickly go to zero. This makes it harder for investors to identify high-quality projects. In this environment, allocating part of your capital to stablecoin-based yield products may be a prudent move. Beyond conventional DeFi protocols such as Aave, Compound, and Kamino for staking USDT and USDC, Bitget provides users with a broader selection of stablecoin investments offering higher APRs.

Ethena, Hyperliquid, and ONDO stand out in this cycle as high-conviction projects with exceptionally strong product-market fit (PMF). Ethena centers around its innovative stablecoin protocol, USDe. Through dynamic strategy adjustments and efficient capital utilization, it offers both high yield and stability. With over $1.3 billion in circulation, it reflects strong and growing market demand. Hyperliquid focuses on decentralized derivatives trading. Built on a high-performance L1 and powered by user-driven strategy optimization, it has seen a surge in trading volume. This showcases explosive ecosystem growth and has gained traction from both institutional and retail participants. ONDO bridges traditional finance and DeFi by tokenizing real-world assets (RWA), such as U.S. Treasuries. It meets the growing investor demand for low-risk, high-liquidity products, and its market recognition is rapidly accelerating. Each of these projects addresses a key pain point in its vertical: Ethena delivers yield stability, Hyperliquid boosts trading efficiency, and ONDO connects TradFi to DeFi through RWA. Together, they represent a combination of technological innovation and strong market traction. Looking ahead to 2025, macro conditions — from low volatility to policy tailwinds — further support their continued growth, positioning them as standout investment opportunities in this cycle.

- 04:13Saudi bank SAB signs agreement with Chainlink to promote the development of on-chain financial applications in Saudi ArabiaAccording to ChainCatcher, as reported by Cointelegraph, Saudi Awwal Bank (SAB) has signed a cooperation agreement with Chainlink to utilize Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Chainlink's operating environment to provide technical support for the next generation of on-chain applications.
- 04:13MyStonks core product officially deployed on BNB Chain, with the first batch issuing 15 million US stock tokenized assetsAccording to ChainCatcher, the core product of the US stock token decentralized trading platform MyStonks has been officially deployed on BNB Chain, with the first batch issuing US stock token assets worth 15 million USD. In the future, users will be able to conveniently trade US stock tokens on the MyStonks platform via BNB Chain, enjoying richer ecosystem support and a more efficient on-chain experience.
- 04:03Data: Bitcoin spot ETF saw a total net inflow of $292 million yesterday, marking 7 consecutive days of net inflows.According to ChainCatcher, based on SoSoValue data, the total net inflow of Bitcoin spot ETFs yesterday (Eastern Time, September 16) was $292 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of $209 million. The historical total net inflow for IBIT has reached $60.249 billion. The next highest was Fidelity ETF FBTC, with a single-day net inflow of $45.7639 million. The historical total net inflow for FBTC has reached $12.680 billion. The Bitcoin spot ETF with the highest single-day net outflow yesterday was Bitwise ETF BITB, with a single-day net outflow of $10.7797 million. The historical total net inflow for BITB has reached $2.320 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $153.775 billion, with the ETF net asset ratio (market value as a percentage of Bitcoin's total market value) at 6.61%. The historical cumulative net inflow has reached $57.383 billion.