AAVE exchange supply rises to 60 day high

The US Securities and Exchange Commission (SEC) has proposed a reform plan to expand the channels for individual investors to participate in the private equity market and allow registered investment advisors to charge a performance fee of up to 20% to attract private equity management agencies to serve individual investors. SEC Chairman Paul Atkins stated that the committee aims to explore ways to expand individual investors' participation in the private equity market while preventing fraud and misconduct. The SEC proposes to expand the scope of "qualified investors" recognition, allowing more individuals holding professional qualifications to qualify for investment.

According to Glassnode data, short-term Bitcoin holders are currently in a 13% profit state, with a holding cost benchmark exceeding $73300. The current market setting is similar to past bull market cycles, and the risk of panic selling is low. （Bitcoin Archive）

Bitcoin rose due to PCE inflation data cooling down, while bond yields hit a 20-year high.

Coinbase, Mastercard, Shopify, Stripe, and Visa have become the first five founding partners of Open Standard and have received equal initial equity. Five companies have committed to investing over $1 billion in the coming months to establish liquidity for OUSD. Open Standard CEO Zach Abrams expects the number of founding partners to increase to 10 to 12 and plans to establish a board of directors. At present, the number of partners planning to integrate with OUSD has increased to over 200, including SBI Holdings, UBS, and Jeeves.

Stani Kulechov stated on September 29th that he is considering the destruction of AAVE tokens, but has not yet released a proposal, destruction ratio, or timeline. The DAO treasury repurchases approximately 292 AAVEs per day, and between September 16th and September 28th, the supply of AAVEs on the exchange increased by approximately 146000, with a daily increase of approximately 12000, bringing the exchange's supply to a 60 day high. （Santiment）