Weekly Preview | The Fed will hold a monetary policy meeting, and a 25 basis point rate cut is expected; REX-Osprey DOGE ETF may be launched.

News Preview:

• The Federal Reserve will hold a monetary policy meeting on September 16 and 17, and is expected to implement its first interest rate cut since December of last year;
• OpenSea: Starting from September 15, 50% of the platform fees will be used for the final reward stage before TGE;
• South Korea will lift restrictions on virtual asset trading and brokerage services starting September 16, allowing crypto companies to apply for risk enterprise certification.
• Binance will delist BAKE, HIFI, and SLF on September 17; Binance futures will delist BSWUSDT U-margined perpetual contracts on September 15;
• Trump will visit the UK from September 17 to 19, accompanied by the CEOs of OpenAI and Nvidia. UK trade groups are lobbying that the “UK-US Tech Bridge” should include blockchain technology;
• Bloomberg Analyst: REX-Osprey Dogecoin ETF expected to launch on September 18.
• MKR migration to SKY is scheduled to close on September 18th, and delays may result in losses;
• Tokens such as OP, FTN, ZRO, ARB, and VELO will all see large unlocks;

September 15

Exchange:

Binance Alpha will launch Boundless on September 15, (ZKC)

Binance Alpha will launch Boundless (ZKC) on September 15. Eligible users can visit the Alpha event page to claim airdrops using Binance Alpha points after Alpha trading opens. Further details will be announced separately.

In addition, Bybit spot will also launch Boundless (ZKC), with trading opening on September 15 at 22:00.

Binance will delist the BSWUSDT U-based perpetual contract on September 15th

Binance futures will automatically settle the BSWUSDT U-based perpetual contract on September 15, 2025, at 17:00 and will delist this contract. Users must close their positions before this time. New positions will be prohibited from being opened starting at 16:30 on September 15, 2025. The liquidation mechanism will be adjusted during the last hour before settlement, and users are advised to actively manage their positions.

Project Dynamics:

OpenSea: Starting from September 15, 50% of the platform fees will be used for the final reward phase before TGE

OpenSea CMO Adam Hollander recently announced the launch of the new OpenSea Mobile app, which integrates an AI-native trading experience, supports multi-chain wallets, and provides one-stop management for tokens and NFTs. The platform also simultaneously launched the Flagship Collection, investing over a million dollars to acquire historical and emerging NFTs. Starting from September 15, 50% of the platform fees will be allocated to the final reward phase before the TGE, allowing users to enhance their treasure chest levels through trading, tasks, and more to receive greater rewards. The OpenSea Foundation will announce the details of the $SEA token TGE in early October.

Ethereum Fusaka Mainnet Planned Roadmap: Holesky Fork Expected on September 15

According to the Ethereum development team, the Fusaka mainnet is expected to launch on November 5, 2025. This plan has been formulated after rigorous testing on the development network, phased deployment of Blob capacity, and risk coordination. Key timelines include: release of the Holesky and Sepolia client versions on September 1, initiation of the bug bounty program on September 8, the Holesky fork on September 15, the Sepolia fork on September 22, the release of the mainnet client and the Hoodi fork on October 1, and activation of the Hoodi fork on October 8. Developers have indicated that any slight delays may lead to several months of postponement due to year-end holidays. The launch of the Fusaka mainnet will mark an important milestone in Ethereum's scalability.

Token Unlock:

Connex (CONX) will unlock approximately 2.32 million tokens at 8:00 AM Beijing time on September 15, which is 3.10% of the current circulating supply, valued at approximately 35.1 million USD.

Sei (SEI) will unlock approximately 55.56 million tokens at 8 PM Beijing time on September 15, which is 1.18% of the current circulating supply, valued at around 18.9 million USD.

Starknet (STRK) will unlock approximately 127 million tokens at 8:00 AM Beijing time on September 15, which is 5.98% of the current circulating supply, valued at approximately 17.1 million USD.

Banana Gun (BANANA) will unlock approximately 500,000 tokens at 8 AM Beijing time on September 15, which is 6.33% of the current circulating supply, valued at approximately $11.6 million.

September 16

Policy Regulation:

The Federal Reserve will hold a monetary policy meeting on September 16 and 17, and it is expected to implement its first interest rate cut since December of last year.

The Federal Reserve will hold a monetary policy meeting on September 16 and 17, and is expected to implement its first interest rate cut since last December. Last week, Milan made a series of assurances both in private and public settings, stating that he would support the independence of the Federal Reserve's monetary policy rather than carry out Trump's orders, thereby winning the support of Republicans. Unless there are unexpected developments, the committee is expected to submit the matter to a full Senate vote through nomination.

After consumer price inflation aligned with expectations, U.S. Treasury prices rose, and the dollar fell sharply against a basket of currencies as traders raised their expectations for a rate cut in September. Following the release of the CPI data, yields on U.S. Treasuries across all maturities dropped significantly, with the two-year Treasury yield leading the decline, falling 6 basis points to 3.71%. Traders increased their bets on a Federal Reserve rate cut, anticipating an over 80% chance of a 25 basis point cut at the Federal Reserve's meeting on September 17.

South Korea will lift restrictions on virtual asset trading and brokerage services starting September 16, allowing cryptocurrency companies to apply for risk enterprise certification

South Korea is lifting restrictions that previously hindered cryptocurrency companies from being classified as risky enterprises, providing these companies with new opportunities to enjoy tax incentives and financing support. At a cabinet meeting held on Tuesday, the Ministry of SMEs and Startups of South Korea stated that it has removed restrictions on virtual asset trading and brokerage businesses by partially revising the Enforcement Decree of the Risk Enterprise Act. This change is set to take effect on September 16, allowing crypto companies to apply for risk enterprise certification, thereby gaining options for tax reductions and financial support.

Exchange:

Binance Alpha will launch Project Merlin (MRLN) on September 16th

Binance Alpha will launch Project Merlin (MRLN) on September 16. Eligible users can go to the Alpha event page to use Binance Alpha points to claim airdrops after Alpha trading opens. Further details will be announced separately.

Project Updates:

ZetaChain will undergo the UNISON upgrade on September 16, including speed enhancements and better compatibility with Ethereum

ZetaChain will undergo the V36 upgrade (UNISON) on September 16, enhancing compatibility with Ethereum and unlocking new “smart contract superpowers” that enable developers to more easily build universal applications and reach users across all major chains, including native Bitcoin. The content of UNISON includes: 1. Core upgrades for speed and stability: ZetaChain will upgrade to the latest Cosmos SDK; 2. Ethereum compatibility: Supporting the Cancun upgrade, allowing the use of familiar tool stacks on a single L1 platform while reaching users across ecosystems; 3. New features for universal smart contracts: The new EVM precompiles enable contracts to interact with ZetaChain's core functionalities, such as delegating rights, voting, transferring funds, etc., without the need for off-chain solutions or additional code.

Portals will hold its TGE on September 16

The Web3 game creation platform Portals Foundation tweeted that it will hold its TGE (Token Generation Event) on September 16.

Token Unlock:

Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9 PM Beijing time on September 16, which is 2.03% of the current circulating supply, worth about 49.2 million USD.

September 17

Policy Regulation:

Trump will visit the UK from September 17 to 19, accompanied by the CEOs of OpenAI and NVIDIA

The CEOs of OpenAI and Nvidia will visit the UK next week alongside Trump, as OpenAI, Nvidia, and the UK AI company Nscale collaborate to advance data center construction. OpenAI and Nvidia will announce investments of billions of pounds in the UK data center project.

According to reports, the British trade group lobbied that the “UK-US Tech Bridge” should cover blockchain technology. The letter, jointly signed by representatives of the UK Crypto Assets Trade Association, the UK Finance Association, and TheCityUK, states: “Excluding digital assets from the UK-US Tech Bridge would be a missed opportunity. While other countries—especially those in the Middle East and Asia—make progress in setting standards that shape the financial future, the UK could be marginalized.” The letter has also been sent to Economic Secretary Lucy Rigby, whose office typically oversees the government's regulatory approach to cryptocurrencies. The letter emphasizes that “stablecoins and asset tokenization are strategically significant areas for both economies. Without coordinated action, UK businesses may face a fragmented regulatory environment, reduced opportunities to enter the transatlantic market, and increased competitive pressures.”

Exchange:

Binance will delist BAKE, HIFI, SLF on September 17

Binance has decided to stop trading and delist the following cryptocurrencies on September 17, 2025, at 11:00 (UTC+8): BakeryToken (BAKE), Hifi Finance (HIFI), Self Chain (SLF).

Project Dynamics:

Aster will conduct its TGE on September 17, and will airdrop 7.04 million ASTER tokens to users

The decentralized trading platform Aster announced that it will hold the ASTER token generation event (TGE) on September 17, during which 7.04 million ASTER tokens will be airdropped to eligible users participating in the reward program. The official stated that detailed information regarding the ASTER claim and the token economic model will be announced later that day. In addition, the second phase of the Aster Genesis event is now live, where users can earn Rh points by trading on Aster Pro. The points are calculated weekly and use a multidimensional scoring system, including trading volume, holding time, asset holdings, and team recommendations.

Japanese clothing chain Mac House plans to invest 1.7 billion yen to purchase Bitcoin, starting on September 17.

The Japanese nationwide chain clothing brand Mac House announced its specific cryptocurrency investment plan on July 9, planning to start purchasing Bitcoin (BTC) from September 17, 2025. The investment strategy will primarily utilize a regular fixed dollar-cost averaging method, while flexibly adjusting the timing and amount of purchases during significant market downturns. The funds for this investment come from a third-party private placement completed by the company on June 19, which raised more than expected. An additional 915 million yen was added to the originally planned investment of 800 million yen, bringing the total investment amount to 1.715 billion yen. The main investor in this private placement, EVO FUND, has previously supported several Japanese companies in implementing Bitcoin treasury strategies, including MetaPlanet and Remixpoint.

Token Unlock:

ZKsync (ZK) will unlock approximately 173 million tokens at 4 PM Beijing time on September 17, accounting for 3.61% of the current circulation, valued at about 10.7 million USD.

September 18

Macroeconomics:

At 2:00 AM Beijing time, the Federal Reserve FOMC will announce the interest rate decision and economic outlook summary; at 2:30 AM, Federal Reserve Chairman Powell will hold a monetary policy press conference.

Exchange:

Bloomberg Analyst: REX-Osprey Dogecoin ETF Expected to Launch on September 18

Bloomberg ETF analyst Eric Balchunas stated on platform X that the REX-Osprey Dogecoin ETF (ticker DOJE) has been delayed once again, and is expected to launch in the middle of next week (around Thursday).

OKX will delist USTC/USDT and LUNC/USDT perpetual contracts on September 18

OKX announced that it will delist USTCUSDT and LUNCUSDT perpetual contracts on September 18, 2025, at 4:00 PM (Beijing Time).

Project Updates:

MKR migration to SKY is scheduled to end on September 18, late participation may incur losses

Balaner posted a reminder on platform X that the deadline for the migration of MKR tokens to SKY tokens is September 18th, which means that current MKR token holders only have five days to migrate; otherwise, they may face penalties. If governance approval is obtained, starting from September 22nd, late migrations will incur a loss of 1% of SKY tokens (increasing each quarter), which means that for each MKR token held, one could potentially lose 240 SKY tokens.

Token Unlock:

Fasttoken (FTN) will unlock approximately 20 million tokens at 8 AM Beijing time on September 18, which is 2.08% of the current circulating supply, valued at approximately $89.8 million.

September 19

Project Updates:

The new WLFI proposal plans to use all the protocol's own liquidity fees for repurchase and destruction, with voting ending on September 19.

World Liberty Financial(WLFI) The community has proposed to use all transaction fees generated from the Protocol Owned Liquidity (POL) for market buybacks of WLFI and permanent destruction, only involving the liquidity controlled by WLFI officials, while the fees from the community and third-party LPs will not be affected. The proposal indicates that the destruction process will be publicly recorded on-chain and may expand to more sources of protocol revenue in the future. Current voting results show 99.57% in favor, 0.09% against, and 0.34% abstentions, with voting ending in 7 days.

Faraday Future, under Jia Yueting, plans to hold its annual shareholder day on September 19, intending to release details of the C10 & Crypto strategic business plan

Faraday Future, a Nasdaq-listed company under Jia Yueting, announced that it will hold its annual “919 Futurist Day” and “Shareholder Day” at its global headquarters in Los Angeles on September 19, 2025. It is expected to release detailed information on the C10 & Crypto strategic business plan and the capital value realization roadmap, as well as unveil the product deployment strategy for the FF EAI Ecosystem Vehicle Chain.

Resolv: The second season airdrop will be open for claim on September 19, and the third season will allocate 3% of the total token supply.

The DeFi protocol Resolv announced that the airdrop snapshot for the second quarter was taken at 07:59 UTC on September 9, Beijing time. Points will be calculated retroactively, and users do not need to take any action. Redemption will open on September 19 and last until October 19. Rewards will be issued in the form of stRESOLV, a transferable staking token that can accumulate value and enhance throughout the ecosystem. The second quarter has ended, and the next quarter will automatically begin with updated terms. Duration: September 9, 2025 to December 9, 2025; allocation accounts for 3% of the total token supply.

September 20

Token Unlock:

LayerZero (ZRO) will unlock approximately 25.71 million tokens at 7 PM Beijing time on September 20, which is 8.53% of the current circulating supply, worth about 52.5 million USD.

Velo (VELO) will unlock approximately 3 billion tokens at 8:00 AM Beijing time on September 20, which is 13.63% of the current circulating supply, valued at approximately $47.8 million.

KAITO (KAITO) will unlock approximately 8.35 million tokens at 8 PM Beijing time on September 20, which is 3.15% of the current circulating supply, valued at about 10.1 million USD.

September 21

Token Unlock:

Optimism (OP) will unlock approximately 116 million tokens at 8 AM Beijing time on September 21, which accounts for 6.89% of the current circulating supply, valued at approximately 93.4 million USD.