Daily Market Wrap | Sep. 23

Hot Topics

White House aims to pass crypto market structure bill by 2025, merging CLARITY Act and others for comprehensive regulation.

China's CSRC urges brokerages to pause RWA tokenization in Hong Kong to manage risks, potentially slowing digital asset growth.

PayPal Ventures invests in Stable to integrate PYUSD into Stablechain, boosting speed, liquidity, and cross-border payments in emerging markets.

Market Updates

Hyperliquid's on-chain perpetuals market share drops to 38% as Lighter and Aster rise to 16.8% and 14.9%.

Plasma launches Plasma One, a stablecoin-native neobank for emerging markets, ahead of its Sept. 25 mainnet beta.

UXLINK's multisig wallet hack led to $11.3M in stolen assets, billions of minted tokens, a 70% price crash to $0.09, and a planned token swap.