SEC Chair Hopes to Bring Stock Market on Chain, Democrats Investigate Trump's Crypto Interests

The SEC Chair Gary Gensler expressed a desire to bring the stock market on-chain, indicating that the financial system is moving towards a crypto era. The Democratic Party continues to investigate Trump's connections to cryptocurrency, with scrutiny extending to Binance and Tether. The U.S. House Oversight Committee has expanded its investigation into insider trading in prediction markets, involving platforms like Hyperliquid. Coinbase is accused of concealing over $1 billion in losses from a hacking incident, affecting at least a dozen institutions. The probability of a 25 basis point rate hike by the Federal Reserve in October is currently reported at 68.1%. According to Glassnode data, the trading volume of altcoins has reached four times that of Bitcoin, suggesting that Bitcoin may have reached its peak stage. The open interest in ETH on Hyperliquid has hit a record high, surpassing that of BTC. Robinhood is set to launch crypto perpetual contracts, weekend trading for U.S. stocks, and AI trading agents. The Ethereum Foundation will activate the Glamsterdam upgrade on the Sepolia testnet on October 6.

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