Crypto Daily Briefing * Important information you can't miss every day * September 25, 2025 1. U.S. Treasury Secretary Yellen: The Federal Reserve's interest rates have been too high for too long; we will enter a period of easing. Powell should have signaled a rate cut of 100 to 150 basis points; 2. @Griffin_AI $gain just went live on Alpha yesterday and was hacked today, with hackers maliciously minting over 5 billion, causing it to crash to zero. According to @GoPlusZH's analysis, the $GAIN abnormal minting was unauthorized LayerZero Peer initialization and malicious exploitation, similar to the recent Yala attack incident. 3. Tonight at 9 PM, XPL will be listed on major exchanges. Currently, CB has not announced it, but other major exchanges have announced the listing. Based on the contract market quotes, the FDV is around 8 billion USD. Let's see how it opens; if it can drop below 0.5, that would be fantastic. If not, don't FOMO too much; there will always be opportunities; XPL tokenomics: Total supply of 10 billion, HODLer airdrop accounts for 0.75%, initial circulation 18%; Maximum supply: Unlimited (first-year inflation rate 5%, decreasing by 0.5% each year, maintaining a minimum of 3%); HODLer airdrop reward: 75,000,000 XPL (0.75% of the total genesis supply); 4. @synthetix_io announced two days ago that they will launch prep, and started pumping yesterday; you can continue to follow up; 5. @Mira_Network has set the TGE date for the 26th; 6. @Mira_Network has set the TGE date for the 26th; 7. #Aster holders with more than 3 tokens can go to StandX @StandX_Official's DIS to receive an identity, and there will be an airdrop at that time; 8. @FTDA_US Franklin Templeton will expand its self-developed tokenization platform Benji to the BNB Chain; 9. @trylimitless will participate in new offerings at @KaitoAI, which is a prediction market project with a 75M FDV, also with 50% released at TGE, and the other 50% locked for 6 months before unlocking; 10. COINBASE new listings: Spot trading for Centrifuge (CFG) and TROLL (TROLL) will go live on September 25, 2025; 11. Today's Alpha features ChainOpera AI #coai; 12. The perpetual sector is still ongoing, with ASTER's revenue close to 10M yesterday, and a large number of bots are still on the way, becoming increasingly competitive. If you are a retail investor, it might be better to explore the neighboring avnt or other yet-to-be-listed targets; 13. The conspiracy surrounding Bonk & wlfi's $real has gone to moonshot, and while it briefly hit $1, it was quickly sold off. These targets can be closely monitored, as there may be opportunities after Aster's market attention fades; [Market Analysis] Bitcoin continues to adjust, and most altcoins are suffering, hitting new lows with no resistance. Currently, in the altcoin space, aside from Binance's Alpha series, the vast majority are performing poorly, going up and coming down with no sustainability; Currently, market attention is on the perpetual and stablecoin sectors, so stay away from short-term investments outside these two sectors, focusing on tonight's XPL; Perpetual sector $HYPE $ASTER $AVNT; Stablecoin sector $XPL $STBL; [Risk Reminder] Digital assets are highly volatile and carry extreme risks. Please participate cautiously, avoid over-leveraging, and reject loan leverage;