1. The Federal Reserve's interest rate meeting is approaching. Why is it more likely to cut interest rates by 25bp cautiously?

With the interest rate meeting approaching, US President Trump said that the Federal Reserve will implement its first easing policy in nine months at this meeting, and he expects the Fed to "cut interest rates significantly." 2. Coinbase: The Fed will cut interest rates by 25 basis points. The DAT "premium" is disappearing. The mNAV of most digital treasuries (DATs) has basically converged to parity, with ETH DAT's compression being the most significant since May. We believe this indicates that the "DAT premium" is disappearing and has entered a valuation-constrained PvP phase. The weighted average mNAV of ETH DATs has fallen from a high of over 5x in early summer to below 1x in early September (Figure 2). We believe this pattern indicates that: 1) investors are now pricing ETH DAT shares primarily as a pass-through for underlying reserve assets, rather than as a speculative "play" in the cryptocurrency frenzy; and 2) competition among issuers has offset much of the "DAT premium." Click to Read

3. A Guide to Avoiding Pitfalls in Altcoin DAT Investment

From now until Q4, the DAT market will be dominated by Alt DATs using the PIPE issuance mechanism, as they offer the fastest time to market and can generate immediate scale effects for the underlying tokens. The BTC/ETH market is already crowded, and the SOL market is about to fully unfold, and the altcoin sector is poised for growth. Click to read

4. DefiLlama founder: false indicators in RWA

With DeFi applications, anyone can verify TVL by viewing the assets deposited in the chain and contract, but this verification is impossible for RWA because they are more opaque, which has led to an increase in the number of RWA projects, thereby exaggerating their TVL. 5. Accelerated Economic Collapse As 2025 progresses, the global economy faces increasing pressure, with various indicators pointing to a potential impending crisis. The United States' chronic trade deficit, dollar hegemony, and fiscal imbalances have created vulnerabilities, further exacerbated by the dollar's decline and escalating trade tensions. The latest data shows that the US real GDP growth rate for the second quarter of 2025 has been revised to 3.3%, the unemployment rate in July was 4.2%, and the inflation rate was 2.7%. The US dollar index (DXY) had fallen to 97.98 by the end of August, down nearly 10% year-to-date, indicating an outflow of funds from US assets. Aggressive tariff policies, such as the 50% tariff imposed on Indian imports in August, have exacerbated global trade frictions. Click to read.