9.24 AI Daily Report: The integration of AI and fintech accelerates, promoting innovation and development in the Crypto Assets industry.

I. Headlines

1. NVIDIA and OpenAI reach a $100 billion collaboration to jointly build AI data centers.

NVIDIA and OpenAI have announced a $100 billion partnership aimed at jointly building artificial intelligence data centers. According to the agreement, NVIDIA will invest up to $100 billion in OpenAI to procure GPUs and data center infrastructure. In return, OpenAI will have priority access to NVIDIA's hardware and software technologies.

This collaboration is expected to accelerate the development of artificial intelligence. OpenAI is a leading global artificial intelligence research organization, and its groundbreaking language model ChatGPT has garnered significant attention. Meanwhile, Nvidia has long dominated the AI training and inference market with its powerful GPU computing capabilities. The combination of both parties will further enhance the performance and efficiency of AI systems.

Analysts believe that this cooperation will not only benefit both parties in obtaining technological and commercial interests but will also promote the prosperity of the entire AI ecosystem. NVIDIA can use this to expand its influence in the AI field, while OpenAI can gain stable computational resource support. In the long run, this collaboration is expected to spawn more innovative applications that benefit various industries.

2. Google releases AP2 universal payment protocol, providing payment functionality for AI agents.

Google recently released the AP2( AI Payment Protocol 2.0) universal payment protocol, aimed at providing stablecoin and fiat payment functionality for AI agents. This protocol has received support from companies such as Mastercard and Coinbase.

The AP2 protocol will enable AI agents to autonomously manage digital wallets, receiving and making payments in cryptocurrency. It supports major stablecoins and fiat currencies, making it widely applicable in scenarios such as AI-assisted shopping and financial management. Users do not need to operate manually; they can simply issue voice or text commands, and the AI agent will complete the payment process.

Industry insiders indicate that the launch of the AP2 protocol marks the deep integration of AI and financial technology. AI agents will gradually intervene in traditional financial service areas such as payments and wealth management, providing users with a smarter and more efficient experience. At the same time, cryptocurrencies will also gain broader application scenarios through AI technology.

However, the AP2 protocol also faces challenges in privacy and security. Analysts are calling for relevant institutions to strengthen regulation to ensure that user funds and privacy are adequately protected.

3. The Ethereum Foundation established the “dAI” department to develop Ethereum as an AI settlement layer.

The Ethereum Foundation has announced the establishment of a brand new “dAI” department, aimed at making Ethereum an AI settlement layer. This department will focus on the integration of AI and blockchain technology, and will launch the ERC-8004 standard.

The ERC-8004 standard will regulate the deployment, operation, and settlement of AI models. Users can deploy cryptographically signed AI models on Ethereum and implement pay-per-use through smart contracts. Ethereum will serve as a marketplace for AI computing resources, establishing a trusted bridge between model providers and users.

The Ethereum Foundation stated that the establishment of the dAI department will promote the integrated development of AI and Web3. In the future, Ethereum will not only be a value network but will also become a distributed market for AI computing power. Users can use AI services on demand without having to trust intermediary institutions.

Analysts believe that the establishment of the dAI department reflects the Ethereum ecosystem's emphasis on AI technology. With its decentralized advantages, Ethereum is expected to occupy an important position in the AI field. However, at the same time, Ethereum also faces challenges in scalability and usability, requiring continuous innovation to meet the demands of AI computing.

4. The Solana ecosystem financing boom continues, with Helius Medical raising over $500 million.

This week, the Solana ecosystem has once again welcomed a wave of financing. The medical AI startup Helius Medical announced the completion of $520 million in funding, led by Jump Crypto and Polychain Capital.

Helius Medical focuses on using artificial intelligence technology to improve the accuracy and efficiency of medical diagnostics. The company plans to utilize the funds from new financing to expand the training dataset for AI models and promote its products to more medical institutions.

Analysts say that Helius Medical's substantial financing further highlights the development potential of the Solana ecosystem in the AI field. Solana has attracted many AI startups due to its advantages of high throughput and low transaction fees.

Meanwhile, this week the total venture capital activity in the Solana ecosystem reached $741 million, a 25% increase compared to the previous period. In addition to Helius Medical, gaming company Saga and analytics platform Analytics have also completed financing at the level of tens of millions of dollars.

However, some analysts have expressed concerns about the continued popularity of the Solana ecosystem. They believe that Solana still has shortcomings in terms of decentralization and security, which may restrict its long-term development. The Solana ecosystem needs to address these core issues while attracting funding.

5. The South Korean financial regulatory agency investigates the order sharing situation between humb and overseas exchanges.

The South Korean financial regulatory agency is investigating the order sharing situation between humb and overseas cryptocurrency exchanges. The regulatory authorities stated that necessary measures will be taken if relevant regulations are not complied with.

On September 22, humb announced the sharing of its order book with the Stellar exchange to enhance liquidity. However, according to South Korea's Act on Reporting and Using Specified Financial Transaction Information, order sharing between cryptocurrency exchanges must meet strict conditions, including obtaining permission, registration or filing, and fulfilling anti-money laundering obligations.

Analysts point out that this investigation reflects the cautious attitude of South Korean regulatory authorities towards cryptocurrency trading activities. Order sharing helps to enhance liquidity, but it may also introduce risks such as market manipulation and money laundering. Therefore, regulatory bodies need to balance innovation with risk management.

At the same time, industry insiders are calling for cryptocurrency exchanges to further strengthen their compliance awareness and proactively adhere to regulatory requirements. Only through close cooperation between exchanges and regulatory bodies can a favorable environment be created for the healthy development of the cryptocurrency market.

2. Industry News

1. Bitcoin is under short-term pressure, but the long-term outlook remains bullish.

The price of Bitcoin has slightly decreased in the past 24 hours, briefly falling below the $112,000 mark and currently reported at $112,300. This pullback is mainly influenced by Federal Reserve Chairman Powell's cautious stance on interest rate cuts. Powell stated that if the cuts are too large, it would leave the work of addressing high inflation incomplete, and the Fed may need to raise rates later. This comment has heightened market uncertainty regarding the direction of interest rates, triggering a retreat in risk assets.

Despite facing short-term pressure, analysts generally believe that Bitcoin's long-term prospects remain bullish. Firstly, the continuous inflow of institutional funds provides strong support for Bitcoin. Well-known cryptocurrency investment company Metaplanet invested $550 million this week to increase its holdings by 5,419 Bitcoins, reflecting institutional confidence in Bitcoin's long-term value. Secondly, the Bitcoin ETF is expected to be approved this year, which will further encourage institutional investment. In addition, global central banks are continuously ramping up research and development of digital currencies, which is expected to provide opportunities for regulatory compliance of cryptocurrencies such as Bitcoin.

Overall, Bitcoin may face fluctuations in the short term, but the long-term upward logic remains. Investors need to closely monitor interest rate trends, regulatory dynamics, and the flow of institutional funds, cautiously managing risks and opportunities.

2. Ethereum faces a pullback, but expectations for ETF approval boost long-term outlook.

Ethereum's price has fallen nearly 2% in the past 24 hours, currently reported at $4,120. This pullback is mainly influenced by cautious remarks from Federal Reserve officials regarding interest rate cuts, triggering a retreat in risk assets.

Despite short-term pressure, analysts believe that the long-term outlook for Ethereum remains bright. Firstly, the Grayscale Ethereum Trust was approved by the U.S. Securities and Exchange Commission this week to be listed on Nasdaq, which is seen as an important precursor to the approval of an Ethereum ETF. Once the ETF is approved, it will help attract more institutional funds, driving up the price of Ethereum. Secondly, the activity level of the Ethereum ecosystem continues to rise, providing strong support for the token price. Data shows that the number of active addresses and transaction volume on the Ethereum chain have both reached all-time highs. In addition, as a leading smart contract platform, Ethereum maintains its leading position in popular areas such as DeFi and NFTs, with a broad outlook for long-term development.

Overall, Ethereum may experience fluctuations in the short term, but the logic for long-term growth remains. Investors need to closely monitor the progress of ETF approvals, developments in the ecosystem, and changes in the macro environment, and plan cautiously.

3. Solana experiences a pullback, but strong fundamentals support its long-term value

The price of Solana has dropped over 4% in the past 24 hours, briefly falling below the $210 mark, currently quoted at $209. This pullback is mainly influenced by cautious remarks from Federal Reserve officials regarding interest rate cuts, triggering a retreat in risk assets.

Despite short-term pressure, analysts believe the long-term prospects for Solana remain positive. First, the activity level in the Solana ecosystem continues to rise, providing strong support for the token price. Data shows that popular areas in the Solana ecosystem, such as DeFi and NFTs, are continuously heating up, with on-chain active addresses and transaction volumes both reaching all-time highs. Secondly, continuous inflows of institutional capital provide strong support for Solana. The well-known crypto investment firm Metaplanet invested $550 million this week to increase its holdings by 5,419 Bitcoin, with some of the funds also flowing into the Solana ecosystem. In addition, as a leading public chain project, Solana maintains a competitive advantage in low fees and high throughput, with a broad long-term development outlook.

Overall, Solana may experience fluctuations in the short term, but the long-term upward logic remains. Investors need to closely monitor the dynamics of ecological development, institutional capital flow, and changes in the macro environment, and make prudent arrangements.

4. The altcoin market is diversifying; traders need to be wary of risks.

The altcoin market has shown a mixed trend in the past 24 hours. Among them, ASTER has surged 42% in a single day, currently priced at $1.94; while PEPE has dropped nearly 10%, currently priced at $0.000011.

Analysts point out that the differentiation in the altcoin market is mainly driven by trading volume and sentiment. ASTER has attracted a large inflow of funds due to its leading position in derivatives trading volume, while PEPE has seen a decline influenced by short-selling. Overall, the high-risk, high-reward characteristic of the altcoin market has not changed. Traders need to be particularly cautious when participating, closely monitor the technical aspects and capital flows, and manage their risk exposure.

At the same time, regulatory risk is another major challenge that the altcoin market needs to face. Recently, several cryptocurrency exchanges have been fined for violating sanctions regulations, highlighting the growing trend of stricter regulation. Traders need to comprehensively assess regulatory risks when planning altcoins, choose compliant trading platforms, and avoid getting caught up in legal disputes.

5. XRP is under short-term pressure, but long-term prospects are positive.

The price of XRP has dropped nearly 3% in the past 24 hours, currently at $2.84. This pullback is mainly influenced by cautious remarks from Federal Reserve officials regarding interest rate cuts, leading to a retreat in risk assets.

Despite short-term pressures, analysts believe that the long-term outlook for XRP remains positive. First, the lawsuit between Ripple and the SEC is expected to be resolved this year, which will provide an opportunity for regulatory clarity for XRP tokens. Once the lawsuit is won, XRP will shed its identity as a “security” and is expected to gain broader recognition and adoption. Second, Ripple is actively expanding the application scenarios of XRP in areas such as cross-border payments, providing strong support for the token's price. In addition, XRP's unique deflationary mechanism will also lay the foundation for long-term value growth.

Overall, XRP may fluctuate in the short term, but the long-term upward logic remains. Investors need to closely monitor the progress of the Ripple lawsuit, the expansion of application scenarios, and changes in the macro environment, and be cautious in their layout.

3. Project News

1. Aptos Labs launched the Velociraptr consensus upgrade, reducing the block time by 40%.

Aptos Labs is an emerging Layer 1 blockchain project co-founded by one of the co-founders of Ethereum, Avish Kapoor, and former Meta researcher Mo Shaikh. The project aims to create a high-performance, scalable, and secure blockchain network.

Latest Updates: Aptos Labs announced the launch of a consensus upgrade named Velociraptr, which introduces a new block proposal mechanism that can reduce the block time of the Aptos network by up to 40%, with the current block time being approximately 100 milliseconds. The Velociraptr upgrade is expected to begin preliminary deployment on the Aptos validator network in September and complete full deployment in October.

The innovation of this upgrade lies in the adoption of a novel block proposal mechanism, which significantly improves the block generation efficiency of the network by optimizing the proposer selection and block packaging process. This upgrade will not only further enhance Aptos's throughput and transaction speed but also strengthen its stability and reliability in high-concurrency scenarios.

Market Impact: The launch of the Velociraptr upgrade will further consolidate Aptos's leading position in the high-performance blockchain space. As an emerging Layer 1 project, Aptos has been known for its high throughput and low latency, and this upgrade will elevate its performance metrics to new heights. This will undoubtedly attract more DApp developers and users to Aptos, driving the flourishing development of its ecosystem.

At the same time, the technological advancements of Aptos will also encourage other blockchain projects to accelerate their pace of innovation, driving the entire industry towards higher performance and better user experience. This healthy competition will ultimately benefit the entire cryptocurrency ecosystem.

Industry Feedback: Cryptocurrency analyst JohnFee stated on social media: “The Velociraptr upgrade of Aptos once again proves the project's outstanding capabilities in optimizing blockchain performance. As an emerging Layer 1 project, Aptos is rapidly closing the gap with established public chains like Ethereum.”

Another analyst, CryptoKing, takes a cautious stance: “Although the Velociraptr upgrade is indeed impressive, Aptos still has room for improvement in terms of security and decentralization. We need to closely monitor the project's performance in these critical areas.”

2. The daily trading volume of derivatives on the Aster chain exceeds $21.1 billion, leading the industry.

Aster is an emerging public blockchain focused on derivatives trading, and its innovative on-chain derivatives model has garnered significant attention.

Latest updates: According to data from DefiLlama, Aster's on-chain derivatives trading volume has reached as high as $21.1 billion in the last 24 hours, more than twice that of the industry-leading Hyperliquid trading volume during the same period. This astonishing achievement once again highlights Aster's strong capabilities in the derivatives sector.

Aster's impressive trading volume in a short time is mainly attributed to its innovative on-chain derivatives model. This model puts all aspects of derivatives construction, trading, and settlement on the chain, significantly improving trading efficiency and transparency. At the same time, Aster has also introduced a series of innovative mechanisms, such as decentralized market makers and virtual AMM, further optimizing the user experience.

Market Impact: The rise of Aster will have a huge impact on traditional centralized derivatives exchanges. In the future, more and more derivatives trading is expected to shift on-chain, which will fundamentally change the industry landscape. Meanwhile, the success of Aster will also encourage more public chain projects to follow suit, launching their own on-chain derivatives solutions and accelerating industry innovation.

In addition, the rise of on-chain derivatives will help clear obstacles for institutional investors to enter the cryptocurrency market. Due to their inherently decentralized and transparent nature, on-chain derivatives are expected to gain favor among institutional investors, thereby injecting new capital into the entire cryptocurrency market.

Industry feedback: Renowned analyst CryptoDog stated on social media: “Aster's outstanding performance once again proves that on-chain derivatives are the future direction of development. Compared to traditional centralized exchanges, on-chain derivatives have clear advantages in terms of efficiency, transparency, and security.”

Another analyst, CryptoWhale, holds a different view: “Although the prospects for on-chain derivatives are bright, Aster's current ecosystem still appears thin. To truly replace traditional exchanges, Aster needs breakthroughs in product diversity and user experience.”

3. Meta Alchemist cross-chain contract was attacked by hackers, and some funds were stolen.

Meta Alchemist is a project dedicated to building cross-chain interoperability infrastructure.

Latest updates: Meta Alchemist has issued an urgent announcement that its cross-chain/contract has been hacked, resulting in a large number of tokens being stolen. The hacker transferred the minted tokens across multiple chains and sold most of the SFUND tokens on the BNB chain.

According to Meta Alchemist, this attack was limited to the minting permissions of a compromised wallet, and the core contract, user wallets, website, and underlying protocol were not affected. The project has temporarily disabled the cross-chain bridge function to prevent further losses.

Meta Alchemist stated that they are doing everything possible to investigate the cause of the incident and are closely cooperating with security companies and law enforcement agencies to recover the stolen funds as soon as possible. At the same time, they are actively working to fix vulnerabilities and ensure system security.

Market Impact: The recent hacker attack will undoubtedly have a certain impact on the development of Meta Alchemist. As a project focused on cross-chain interoperability, security should have been one of its core competitive advantages. Once the security defenses are breached, it will severely affect users' confidence in the project.

At the same time, this incident will also exacerbate the industry's focus on the security of cross-chain bridges. Cross-chain bridges have long been seen as the “weak link” in the blockchain world, frequently targeted by hackers. If projects like Meta Alchemist are unable to address this issue effectively, it will greatly hinder the development of cross-chain interoperability.

Industry feedback: Security analyst SlowMist stated on social media: “The Meta Alchemist incident once again exposes the security risks of cross-chain bridges. As a project focused on cross-chain interoperability, the performance of Meta Alchemist in terms of security is truly disappointing.”

Another analyst, CryptoSeer, takes a wait-and-see approach: “Cross-chain interoperability is the only way for blockchain development, and the efforts of projects like Meta Alchemist are commendable. As long as they learn lessons in a timely manner and strengthen security measures, the impact of this incident can be controlled.”

Overall, while the Meta Alchemist incident has brought some negative impact, it will not deal a decisive blow to its long-term development if handled properly. The key lies in whether the project can learn from this and further improve its security mechanisms.

4. Economic Dynamics

1. Federal Reserve Chairman Powell warns of “no risk-free path” as the economy faces dual challenges.

The current U.S. economy is facing a dual challenge of inflation and employment. The latest data shows that while the inflation rate has eased somewhat, it is still above the Federal Reserve's target level of 2%. At the same time, there are signs of a slowdown in the job market, with a slight increase in the unemployment rate.

In his latest speech, Federal Reserve Chairman Powell emphasized that the Federal Reserve faces “dual risks” in achieving its inflation targets and maintaining employment. He warned that “there is no risk-free path”; if interest rates are cut too quickly, it could lead to persistently high inflation; but if the policy stance is too tight, it could unnecessarily weaken employment.

Powell reiterated that the Federal Reserve will continue to closely monitor the labor market and inflation data to determine the next steps in policy direction. He stated that the slightly tight interest rate level puts the Federal Reserve in a favorable position to respond flexibly to potential economic changes.

Investors reacted differently to Powell's speech. Some analysts believe that the Federal Reserve will continue to raise interest rates to control inflation, but the pace of rate hikes may slow down. Others are concerned that overly aggressive monetary policy could trigger an economic recession.

Goldman Sachs chief economist Jan Hatzius stated: “Powell's speech highlights the dilemma faced by the Federal Reserve. We expect the Fed to continue raising interest rates in the coming months, but the magnitude will be smaller than the previous four consecutive rate hikes of 75 basis points.”

2. The European Central Bank intensifies efforts to combat inflation, increasing the risk of economic slowdown.

To curb rising inflation, the European Central Bank raised interest rates by 75 basis points at this week's policy meeting, marking the largest single rate hike since the eurozone was established in 1999.

The inflation rate in the Eurozone has risen to double digits, far exceeding the European Central Bank's target of 2%. Factors such as soaring energy prices, supply chain disruptions, and the Russia-Ukraine conflict have all exacerbated inflationary pressures. To curb further escalation of inflation expectations, the European Central Bank has had to take decisive action.

However, the aggressive interest rate hike policy has also increased the risk of an economic slowdown in the Eurozone. The latest data shows that the Eurozone manufacturing PMI has been in contraction territory for two consecutive months, reflecting weak demand. High inflation and interest rate hikes are undermining the confidence of businesses and consumers.

European Central Bank President Christine Lagarde acknowledged that the path to combating inflation “will be a narrow and steep road.” She stated that the ECB will continue to raise interest rates until there are clear signs of a decrease in inflation.

Citigroup's European economist Benjamin Nabarro stated: “The challenge facing the European Central Bank is to control inflation without triggering an economic recession. This will be a difficult struggle.”

3. The UK's new fiscal budget plan triggers market turmoil, the pound plunges.

The new Prime Minister of the UK, Liz Truss, announced a large-scale tax cut plan this week aimed at stimulating economic growth. However, this plan has triggered a tumultuous reaction in the financial markets.

The Truss government plans to cut taxes by nearly £200 billion over the next five years, including the cancellation of the previously planned increase in corporate value-added tax, the suspension of corporate tax hikes, and the permanent cancellation of the national insurance contribution increase. At the same time, it will also freeze the energy price cap.

The scale of this tax cut is unprecedented in British history, raising concerns among investors about the sustainability of the UK's finances. The GBP/USD exchange rate plummeted by over 2% after the announcement, hitting a new low since 1985.

The reaction of the bond market has also been exceptionally intense. The yield on the UK's 10-year government bonds surged by nearly 30 basis points, marking the largest single-day increase since the 2008 financial crisis. This means that the borrowing costs for the UK government will rise significantly.

The Governor of the Bank of England, Bailey, warned that in order to offset the inflationary pressures brought about by the tax cut plans, the central bank may have to further raise interest rates significantly.

Senior economist Daniel Morris said: “The Truss government's tax cut plan is making the wrong decision at the wrong time. This will exacerbate inflationary pressures, forcing the central bank to raise interest rates further, thereby increasing the risk of economic recession.”

4. Signs of a gradual slowdown in the U.S. job market are increasing concerns about economic recession.

The U.S. labor market is showing signs of a gradual slowdown, which has heightened concerns that the economy may be heading into a recession.

The latest data shows that the number of new jobs added in August was 315,000, lower than the expected 320,000. The data for July was also significantly revised down to 292,000. At the same time, the unemployment rate rose slightly to 3.7%.

The labor force participation rate and wage growth have also slowed down. This indicates that the labor market is shifting from the previous state of extreme tightness to a more normal level.

U.S. Labor Secretary Walsh stated: “We are in a period of transition in the labor market.” She added that this shift is healthy, as an overheated labor market could exacerbate inflationary pressures.

However, some economists are concerned that the slowdown in the job market may signal the onset of a recession. Goldman Sachs stated that they expect the U.S. economy to enter a mild recession in 2023.

Goldman Sachs economist David Mericle stated: “The job market is losing momentum, which could exacerbate the pace of economic slowdown. We expect that job growth will further decelerate in the coming months.”

However, some analysts believe that a moderate slowdown in the job market could actually help curb inflation, thereby alleviating the pressure on the Federal Reserve to further raise interest rates significantly.

5. Regulation & Policy

1. Fiji reiterates ban on crypto service providers, citing money laundering and security risks.

The Fiji National Anti-Money Laundering Committee (NAMLC) reiterated its comprehensive ban on Virtual Asset Service Providers (VASP) due to the serious risks associated with cryptocurrency in money laundering, terrorist financing, and the financing of the proliferation of weapons of mass destruction.

NAMLC stated that the anonymity and cross-border characteristics of cryptocurrencies make them easily exploited by criminals. The committee pointed out that extremist organizations have increasingly relied on crypto tokens for fundraising, and Fiji currently lacks effective regulatory and enforcement capabilities. Pushing for regulation too early could expose the financial system to risks.

The policy is in line with the standards of the Financial Action Task Force (FATF), but Fiji has chosen to “ban” rather than “regulate”. NAMLC Chair and Permanent Secretary of the Ministry of Justice Selina Kuruleca emphasized that the committee's top priority is to protect Fiji's financial system and national security, and will reassess its position after the regulatory and technological framework is improved in the future.

Industry insiders understand this, believing that Fiji, as a small country, indeed lacks the capacity to regulate crypto assets. However, some are concerned that overly stringent bans may hinder the development of blockchain technology in Fiji. Overall, the market has reacted mildly to this policy, with expected limited impact.

2. The CFTC launches a tokenized collateral program, allowing the use of stablecoins for derivatives trading.

The acting chair of the U.S. Commodity Futures Trading Commission (CFTC), Caroline D. Pham, announced the launch of a “tokenized collateral” program that allows derivatives traders to use non-cash assets such as stablecoins as collateral to enhance market efficiency and transparency.

This initiative continues the pilot program launched in February this year in collaboration with Circle, Coinbase, Ripple, and Moonpay, and invites industry feedback before October 20. This move is seen as an important step for the CFTC in advancing the modernization of capital markets and clarifying cryptocurrency regulation.

The CFTC stated that tokenized collateral can improve trading efficiency, reduce costs, and increase transparency. It also benefits regulators in monitoring risk exposure. The plan will allow exchanges and clearinghouses to accept cryptocurrencies such as stablecoins as margin, which is expected to drive innovation in the derivatives market.

Market participants have welcomed this policy. The cryptocurrency exchange Coinbase stated that it will help integrate crypto assets into the traditional financial system. However, some are concerned that the lack of regulation on stablecoins may pose risks. Overall, the industry has reacted positively to this policy, believing it will promote the mainstream adoption of crypto assets.

3. The Chair of the SEC stated that an “innovation exemption” will be introduced, allowing crypto companies to potentially launch new products first.

The chairman of the U.S. Securities and Exchange Commission, Paul Atkins, stated that there are plans to introduce an “innovation exemption” by the end of the year, allowing crypto companies to launch new products immediately and avoid cumbersome regulatory constraints, while developing supporting rules in the coming months.

He emphasized that the number of IPOs in the U.S. has fallen to half of what it was 30 years ago, and the new measures aim to boost the vitality of the capital market. Previously, the SEC's regulatory policies on crypto companies were relatively strict, which were said to hinder innovation in the industry.

Industry insiders have mixed reactions to this policy. Companies like cryptocurrency exchange Coinbase welcome it, believing it will promote innovation. However, some are concerned that overly lenient regulation may pose risks.

Cryptocurrency analysts indicate that this move aims to attract crypto companies to list in the United States, which is beneficial for enhancing the U.S.'s influence in the global crypto market. However, it is also important to note that the SEC may still impose penalties for violations afterward.

Overall, there are differences of opinion in the market regarding this policy. Supporters believe it is beneficial for promoting innovation, while opponents are concerned about regulatory vacuum. The specific details and implementation of the policy may determine the extent of its impact.