Bitget Daily Digest（September 18）｜SEC Eases Listing Process for Digital Asset ETFs; Nothing secures $200 million in Series C funding; XRP and Dogecoin ETFs receive SEC approval.

Market Preview

1. Fasttoken (FTN): 20 million tokens (worth ~$89.8M, accounting for 2.08% of circulation) to be unlocked on September 18, 2025.（UTC+8）
2. REX-Osprey Dogecoin ETF: Expected listing on September 18, 2025.（UTC+8）
3. Union U Drop Airdrop: Claim deadline is September 18, 2025.（UTC+8）

Macro & Hot Topics

1. Over the past 24 hours, $170M+ in liquidations across all major platforms; BTC and ETH were particularly volatile, facing heavy losses on both long and short sides.
2. Web3 smartphone maker Nothing secured a $200M Series C funding round at a $1.3B valuation, with plans to launch its first AI-native devices next year.
3. Sui officially joins Google Agentic Payments Protocol, further expanding the Web3 ecosystem.
4. Movement has upgraded to an independent Layer 1 blockchain, accelerating innovation across its ecosystem.

Market Overview

1.BTC/ETH: Continued choppy movement; sentiment cautious, with roughly $217M in liquidations over the last 4 hours, mostly impacting long positions.

2.Following a 25bps rate cut by the Fed, US equities closed mixed: Dow up 0.57%, Nasdaq and S&P 500 slightly lower.

3.Bitget BTC/USDT current price: 116,669. Liquidations are dense in the 114,700–117,500 range—watch for heightened short-term volatility and possible cascade events.

4.In the past 24 hours: BTC spot inflows totaled $135M and outflows $131M, netting a $4M inflow.

5.Over the same period, net outflows dominated derivatives positions in BTC, ETH, XRP, and BNB—potential trading opportunities may arise.

News Highlights

1. The US SEC has approved generic listing standards for commodity trust shares, relaxing ETF listing procedures for digital assets. ETP approvals for Solana, XRP, and others are expected to accelerate.
2. CME will launch Solana and XRP futures/options trading on October 13.
3. New York regulators now require banks to use blockchain analytics to combat illicit activities.
4. Prediction platform Kalshi partners with Solana and Base to drive innovation on-chain.

Project Updates

1. REX-Osprey: XRP ETF approved by SEC, trading to commence this week.
2. REX-Osprey: Dogecoin ETF also SEC-approved; launch expected today or tomorrow.
3. GD Culture Group: Plans to acquire Pallas Capital to boost BTC holdings by 7,500 Bitcoin.
4. Bitwise: Proposed new stablecoin and tokenized asset ETFs.
5. SEC: Received filings from Bitwise for an Avalanche spot ETF and additional crypto ETF submissions.
6. LMAX Group: Launches perpetual BTC & ETH contracts for institutional investors.
7. Flow: Forte protocol upgrade now live on testnet.
8. BTC Inc.: Renewed 5-year partnership with Strategy Inc. to fuel enterprise Bitcoin adoption.
9. Pi Network: Testnet upgraded to version 23 for greater scalability and performance.
10. Zircuit: Announces a $495,000 grant program to accelerate Web3 super app development.