AiCoin | 9.18 snapshot: BlackRock sell-off, SEC approves tokenization of US stocks, House passes reserve bill

The CFTC Market Participants Department has issued a non action stance to passive software providers, allowing eligible software providers to provide users with a regulated market trading entry without registering as an introduction broker. The applicable platform shall not host user assets or make trading decisions on behalf of users. This measure will expand the case arrangement for Phantom to eligible software providers. Phantom has partnered with Kalshi to provide predictive market trading entry to its 20 million wallet users. (Source: Bloomberg)

Tenka, an asset-backed financial infrastructure, has completed a $2 million Pre Series financing round led by Maven 11, with participation from Gami Capital and several angel investors. The platform is scheduled to go live later this year.

[A Whale Closes 10,200 ZEC Positions, Earning $8.29 Million] A whale closed a long position of 10,160 ZEC at a price of $1,458, earning $8.29 million. The whale had opened the position on August 20 at a price of $630 and held it for over a month.

Grayscale said that the interest rate increase by the Federal Reserve is a cyclical adjustment and has limited impact on the crypto market. The Federal Open Market Committee of the Federal Reserve has raised its target interest rate range by 25 basis points to 3.75% to 4%. Grayscale believes that the impact of interest rate hikes varies depending on the business model, and stablecoin issuers can benefit from interest income from reserve assets. The higher yields of tokenized bonds and money market funds attract capital inflows into on chain financial products. On September 17th, Bitcoin rose above $77000, and the liquidation amount of short positions in the cryptocurrency market was $260 million. (Source: Bitcoin.com News)

With the rise in ZEC prices, multiple whale wallets have recently withdrawn $46 million worth of ZEC from CEX, including address t1UcyM withdrawing 15860 ZEC from Binance, address t1fXjw withdrawing 7081 ZEC, address t1YLeD withdrawing 5818 ZEC, and address t1gxP4 withdrawing 3534 ZEC from Binance.