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According to ChainCatcher, as observed by 4E, as of 11 a.m. this morning, the crypto market generally weakened, with the AI sector leading the decline with a 24-hour drop of 6.33%, and Bitcoin falling below $104,000. Market analysis suggests that this round of correction is mainly due to macro uncertainties and a slowdown in ETF capital inflows, resulting in a short-term cooling of risk appetite. The U.S. government shutdown may end this week, as both parties in the Senate have reached an agreement. Once the shutdown is lifted, the SEC and CFTC will accelerate the resumption of regulatory and product approval processes. The SEC plans to prioritize the release of "exemptive relief" to support tokenization and crypto businesses, and will continue to investigate digital asset treasury companies; the CFTC intends to promote "spot crypto trading and tokenized collateral" within the year, and is negotiating with compliant exchanges to launch leveraged spot products as early as next month. Industry insiders expect that related bills will be submitted to the President for signing after coordination between the Banking Committee and the Agriculture Committee. Meanwhile, a certain exchange has re-entered the crypto space, launching SoFi Crypto, which supports trading of Bitcoin, Ethereum, Solana, and other assets, and integrates its banking business. This return marks the exchange's relaunch of its crypto segment after suspending crypto services in 2023, indicating renewed interest from traditional financial institutions in the compliant market. In addition, the scale of tokenized assets on Ethereum has surpassed $200 billion, accounting for about two-thirds of the total tokenized assets on the network. Since the beginning of 2024, this sector has grown nearly 20-fold, mainly driven by institutions such as BlackRock and Fidelity promoting the on-chain migration of traditional assets. 4E Commentary: The combination of macro volatility and regulatory restart has put short-term pressure on the crypto market, but the re-entry of certain exchanges and traditional asset management institutions may open a new phase for the integration of on-chain assets and mainstream finance.

Jinse Finance reported that fintech provider FIS and structured finance platform Intain have announced the launch of the "Digital Liquidity Gateway" platform based on the Avalanche blockchain. This platform allows regional and community banks to securitize loans and sell them directly to institutional investors, eliminating the need for traditional intermediaries.