Huoxun Finance reported on September 18th that Scroll, an Ethereum Layer 2 network, released an update on the evolution of its DAO, stating that it will not disband the DAO but will only improve it to accommodate its rapid growth. These changes do not introduce protocol-level risks, and user funds remain secure. The goal of this governance reform is to create a DAO environment based on clear mandates that better aligns with Scroll's vision. Key structural changes proposed for the DAO include: 1. Foundation oversight and operational autonomy, with the DAO reporting to the Foundation; 2. Strategic resource allocation: DAO funds will be determined and allocated annually or biennially to ensure strategic and efficient use of resources; 3. Increased operational independence: The Foundation will withdraw from day-to-day operations of the DAO and instead oversee it through an Executive Committee, ensuring proposals align with Scroll's guidelines and retaining veto power when necessary. Scroll plans to recruit Governance Committee members in the coming days and work with them to design a new charter and governance model. These will be drafted into a proposal, which will be submitted for feedback and a vote by the DAO. The goal is to complete preparations for the new structure before the January 1, 2026 voting cycle. During this transition phase, the community team will serve as the DAO’s proof of concept. Earlier on September 11th, ScrollDAO governance was announced to be “suspended” and the leadership team resigned collectively.

Huoxun Finance reported on September 18 that according to Lookonchain monitoring, in the past two hours, the whale address 0x96F4 withdrew 15,200 ETH (worth US$70.44 million) from Binance.

According to Decrypt, the Australian Securities and Investments Commission (ASIC) has granted a regulatory exemption to stablecoin intermediaries, allowing them to distribute cryptocurrencies issued by licensed Australian institutions without having to hold a separate financial services license. The exemption, announced Thursday, states that intermediaries distributing stablecoins issued by Australian Financial Services (AFS) licensed issuers no longer need to apply for separate AFS, market, or clearing facility licenses. This measure, effective upon registration of federal legislation, is a significant step forward in addressing the regulatory challenges facing the stablecoin market in Australia. Blockchain APAC CEO Steve Vallas stated that this move is a temporary transitional measure pending broader reforms and is consistent with financial services law. The exemption does not change the determination of whether a stablecoin is a financial product; it simply "suspends the secondary licensing requirement for distributors of licensed issuers," allowing distribution through licensed channels while maintaining issuer accountability and requiring intermediaries to provide product disclosure statements to ensure transparency.

According to Onchain Lens, a major cryptocurrency whale deposited all of its 5,000 ETH (worth $22.84 million) on Binance. If it were sold, the total profit would be $5.08 million. The address is: 0x5fefafedd49a6099572f24747338193d8864a838.

According to Odaily Planet Daily, DBS Bank Chief Economist Taimur Baig stated that despite market expectations of three rate cuts in the fourth quarter of 2025 and three more next year, the bank expects the Fed to cut rates only twice in 2025 and only once in 2026. The bank maintains that the current rate-cutting cycle will stagnate after a cumulative 100 basis points of cuts. Baig pointed out that US tariff policies, a tight labor market caused by immigration controls, tax cuts, strong household and corporate finances, a surge in AI-related energy demand, and a continued rise in the stock market will all trigger inflation risks. Given that current inflationary pressures are higher than a year ago, he believes that the Federal Open Market Committee (FOMC)'s mainstream view on a 3.5% terminal rate will be difficult to shake. (Jinshi)