1. US Government Shutdown Crisis Approaches, Trump to Meet with Congressional Leaders
US President Trump will meet with the four major Congressional leaders at the White House on September 29 to discuss the looming government shutdown crisis as federal funding expires on September 30. The Democratic Party is demanding the inclusion of healthcare policy provisions in the temporary funding bill, while the Republican Party refuses to compromise. If the budget is not passed before October 1, millions of federal employees may face furloughs and unpaid leave. -Original
2. UK’s Largest Bitcoin Money Laundering Case Goes to Trial, Chinese Victims to Testify
The Southwark Crown Court in the UK will begin hearings at 10:30 a.m. local time on September 29 for the largest bitcoin money laundering case in UK history, involving Qian Zhimin, the main perpetrator of the major illegal fundraising case in Tianjin, China (Blue Sky Great Illegal Fundraising Case). The trial is expected to last 12 weeks and conclude before Christmas. During the proceedings, Chinese law enforcement officers will travel to London to testify in person, and several Chinese victims will testify remotely via video from a Tianjin court. This judicial arrangement was reached under the framework of judicial cooperation between China and the UK. -Original
3. Citi Predicts Stablecoin Market Could Reach $4 Trillion by 2030
In its “Stablecoins 2030” report, Citi predicts that by 2030, the baseline issuance of stablecoins will reach $1.9 trillion, with an optimistic scenario of up to $4 trillion. The report points out that if the velocity of circulation is similar to that of fiat payments, the annual transaction volume of stablecoins could reach $100 trillion to $200 trillion. Currently, the total market capitalization of stablecoins is about $296.8 billion, with USDT accounting for 58.75%. -Original
4. Michael Saylor May Disclose Bitcoin Accumulation Data
Michael Saylor, founder and executive chairman of Strategy (formerly MicroStrategy), once again posted Bitcoin Tracker information on the X platform. Based on previous patterns, he usually discloses Strategy’s bitcoin accumulation data the day after posting Bitcoin Tracker information. -Original
5. Approximately $140 Million Worth of SUI to Be Unlocked Next Week
Next week, three crypto projects will unlock tokens, releasing a total value of about $300 million. On October 1, SUI will unlock approximately 44.42 million tokens (about $140 million), accounting for 0.444% of total supply; on October 1, EIGEN will unlock about 36.82 million tokens (about $66.64 million), accounting for 3.099% of total supply; on October 2, ENA will unlock about 170 million tokens (about $97.62 million), accounting for 1.146% of total supply. -Original
6. Suntory Uses Blockchain Technology to Combat Counterfeit Liquor
Suntory is using Avalanche-based NFC tag technology to verify the authenticity of whiskey and track the entire process from sealing to opening the bottle. It is reported that up to 40% of whiskey worldwide may be counterfeit. -Original
7. Jump Crypto Proposes Removing Solana Block Compute Unit Limit
The Firedancer team at Jump Crypto has proposed SIMD-0370, suggesting that after the Alpenglow upgrade planned for later this year on the Solana network, the current fixed limit of 60 million compute units (CU) per block be removed. There was a previous proposal to raise this limit to 100 million CU. According to the proposal, after removing the limit, block size will be dynamically adjusted based on the transaction processing capacity of high-performance validators, while lower-performance validators will automatically skip voting on oversized blocks through an auto-skip voting mechanism. The proposal argues that this will incentivize well-funded block producers to upgrade hardware to handle more transactions, creating a “flywheel effect” that enhances the network’s overall validation capacity. Roger Wattenhofer, Head of Research at Anza, expressed support for the proposal but also pointed out potential risks of centralization and network stability. He believes these issues are manageable and continues to support the removal of the limit. -Original
8. Wormhole Co-founder Criticizes Stablecoin Giants for Not Sharing Profits with Users
Wormhole co-founder Dan Reecer stated that Tether and Circle profit from holding high-yield US Treasury bonds in a high interest rate environment but do not share these profits with stablecoin holders. He believes this may be to avoid attracting regulatory scrutiny. -Original
