Logan: The Federal Reserve needs to continue raising interest rates, with a target of at least 50 basis points

[Bitcoin Profit-Taking Reaches Yearly High, Spot and Futures Market Demand Cools Simultaneously] On September 22, Bitcoin holders realized profits on 25,700 BTC, marking the highest single-day level since 2026. The unrealized profit ratio for short-term traders rose to 33%, the highest since December 2024. Over the past 30 days, apparent demand in the Bitcoin spot market decreased by approximately 170,000 BTC, while speculative demand in the futures market dropped from 164,000 BTC on September 14 to 16,000 BTC on September 29. (Source: Coinbase Markets)

The Fisvev digital asset platform has officially launched, with the first landing case being the Rough Coin, a US dollar backed stablecoin launched by a North Dakota bank. VersaBank is responsible for issuing, hosting, and managing reserve assets, while Fireblocks provides digital asset infrastructure and tokenization services, with transactions processed through the Solana blockchain. Rough Rider Coin is integrated into Fisvev's Commercial Center system, providing interbank fund transfer services to over 90 participating banks and credit unions in North Dakota. This platform supports stablecoin cards, cross-border payments, programmable commerce, automated fund management, and tokenized deposit applications.

The Banking Division of the Wyoming Audit Department has signed a memorandum of understanding on digital asset regulatory cooperation with NYDFS, which applies to entities engaged in or applying to engage in digital asset and virtual currency related businesses in both states. Both parties will cooperate on license and franchise approval, joint inspection, law enforcement, regulatory framework, personnel exchange, and non-public information sharing. Institutions that have been licensed or licensed by one party for at least 3 years and are not in enforcement proceedings can receive accelerated review when applying for similar licenses in another state, and regulators strive to make a decision within 6 months. Both parties will coordinate inspection arrangements, conduct joint inspections, and share regulatory reports, and notify and exchange investigation progress on potential law enforcement matters.

Aave founder Stani Kulechov stated that the accumulated loan amount processed by Aave has exceeded $1.1 trillion and advocates for the blockchain based lending business.

In recent weeks, the US military has deployed two additional Patriot missile defense systems to Saudi Arabia and Qatar to protect their oil and gas facilities. US President Trump is considering resuming bombing operations against Iran in the coming weeks. (Source: AXIOS)