Daily Market Wrap | Sep. 25

Hot Topics

• SEC's Crypto Task Force, led by Hester Peirce, clarifies crypto regulations, distinguishes securities, and promotes innovation with investor protection.
• Nine European banks, including ING and UniCredit, form a consortium for a MiCA-compliant euro stablecoin launch in mid-2026 to boost payment efficiency.

Market Updates

• The UXLINK hacker, who stole $11M and minted 2B tokens, lost $50M worth of UXLINK to a phishing scam by Inferno Drainer.
• Jiuzi Holdings, valued at $89M, approves $1B crypto investment policy to allocate reserves into Bitcoin, Ethereum, and BNB, led by new COO Dr. Doug Buerger.
• Polygon zkEVM Beta offers EVM-equivalent scaling with low-cost, high-performance transactions and Ethereum L1 security using ZK proofs.