US SEC plans to promote the general listing standard of encryption ETP, which may accelerate product issuance | Binance Morning Post (September 17)

● The US SEC plans to promote the universal listing standard for crypto ETP, which may accelerate product issuance. According to ChainCatcher, Bitwise chief investment officer Matt Hougan said that the SEC is formulating universal listing standard for cryptocurrencies that is being formulated may completely change the market and trigger an explosion of crypto ETP. The new standard will shorten the approval time for encrypted ETP from up to 240 days to about 75 days, simplifying the issuance process. Crypto assets that meet pre-defined criteria (possibly Solana, XRP, Chainlink, etc.) will be able to obtain ETP approval faster. Hougan noted that ETF rules similar to those introduced in 2019 have increased traditional ETF circulation from 117 to 370 per year, and the crypto market may repeat this growth pattern. The general listing standard is expected to be launched as early as October this year, which will lower the investment threshold and make crypto assets more acceptable to ordinary investors, marking the crypto market's maturity stage. ● The monthly retail sales rate in August of the United States was 0.6%, higher than expected According to Shenzhen Chaochao TechFlow, the monthly retail sales rate in August of the United States was 0.6%, higher than the expected 0.2% and 0.50% of the previous value. ● BNB broke through 960 USDT, setting a record high According to Binance market data, BNB broke through 960 USDT this morning, hitting a high of 963.00 USDT, setting a record high. ● Grayscale report: The US dollar's reputation is challenged by debt and inflation, and crypto assets may become a replacement for value stores. According to ChainCatcher, Grayscale's latest macro research report pointed out that the US government's commitment to maintaining low inflation is facing a credibility crisis due to high debt levels, rising interest rates and sustained deficit spending. Investors may turn to alternative assets such as cryptocurrencies if they have doubts about the stability of the US dollar as a store of value. The report said that Bitcoin and Ethereum, as the core monetary assets of the crypto market, have limited and transparent supply mechanisms, giving them the potential to hedge against the depreciation of fiat currencies in a macro environment. Similar to gold, their value comes from "not being passively expanded supply due to government debt demand." Grayscale stressed that the current unsustainable growth of public debt is driving global demand for crypto assets, but if governments in the future strengthen fiscal discipline and reaffirm central bank independence, it may weaken the demand for cryptocurrencies. ● The total value of RWA on-chain exceeded US$30 billion, and the market accelerated expansion According to ChainCatcher, RWA.xyz data shows that the total value of RWA on-chain reached US$30.14 billion, an increase of US$2.34 billion from US$27.8 billion on September 9, a weekly increase of 8.42%. The total number of asset holders rose to 392,697, with 10,373 new people in a week, an increase of 2.71%, and a six-week increase. The number of asset issuers dropped from 274 to 211, a decrease of 22.99%, which may be related to clearance and statistical adjustments. ● Glassnode: Bitcoin short-term holders realize price as a bull market benchmark support indicator According to BlockBeats, Glassnode said on September 16 that in the cryptocurrency bull market, Bitcoin (BTC) short-term holders realize price play a supporting benchmark. As long as the price remains above that level, the overall trend remains bullish. Once it falls below this support, the market will often enter a stage of contraction or correction. ● The Ether Machine, an Ethereum treasury company, has submitted an application for S-4 form to the US SEC. According to Wu Said, The Ether Machine announced that it has submitted a draft S-4 registration statement confidentially to the US SEC. The company is advancing its listing process through a business merger with Nasdaq SPAC company Dynamix (ETHM) and The Ether Reserve. Co-founder and Chairman Andrew Keys said the submission of Form S-4 is an important step towards becoming an Ethereum listed company.