BlackRock's BUIDL approved as backing token for Frax USD stablecoin

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[Michigan Bitcoin Reserve Bill Advances to Second Reading in the House] The Michigan Bitcoin Reserve Bill HB 4087 has made progress for the first time since February, now advancing to the second reading in the House and submitted to the Government Operations Committee for review. The bill proposes to allow the state government to invest up to 10% of state funds in cryptocurrencies.

Binance has announced the launch of the USDⓈ-M Quarterly 0327 Delivery Contract, officially going live on 2025-09-26 at 16:00 (UTC+8). Notes: - Within the last 10 minutes before delivery, only closing positions or placing 'reduce-only' orders will be allowed; opening new positions will not be possible. - For more information, please refer to 'Quarterly Futures Delivery and Settlement.' - In case of discrepancies between translated versions and the original English version, the English version shall prevail.

[Tom Lee: AI and Blockchain Driving Economic Growth] BitMine Chairman Tom Lee stated on CNBC that the Federal Reserve's interest rate cuts provide support for business expansion. He predicts strong economic growth by 2025 with no inflation risk, primarily driven by artificial intelligence and Wall Street's developments in the blockchain sector.

[Analysis Shows OVPP Token Supply Highly Concentrated, Four Wallet Groups Control 80%] Blockchain analysis platform Bubblemaps pointed out that 80% of the OVPP token supply is highly concentrated and controlled. The top 150 holders' wallets received synchronized funding injections before the token issuance and acted in unison at 6:00 PM Central European Time on August 21, buying in early when the token was listed. Among them, Coinbase-related wallet groups hold 10%, Union Chain-related wallet groups hold 10%, ChangeNOW-related wallet groups hold 20%, and Binance-related wallet groups hold 40%. Previously, on-chain investigator ZachXBT questioned the OVPP project for allegedly falsely claiming cooperation with the U.S. government. The SEC commissioner has clarified that they are not involved in any such collaboration.