Updated: September 23, 2026, 09:30 (UTC+8) | Author: MEXC Headlines Ondo Stocks launches on NEAR, with TVL exceeding $1 billion CFTC says markets must prepare for large-scale tokenization Circle’sUpdated: September 23, 2026, 09:30 (UTC+8) | Author: MEXC Headlines Ondo Stocks launches on NEAR, with TVL exceeding $1 billion CFTC says markets must prepare for large-scale tokenization Circle’s
Learn/Daily & Weekly Reports/On-Chain Daily/MEXC On-Chain Daily Report: SoFi Uses Stablecoin Settlement for Mastercard Transactions, Annualized Volume Expected to Exceed $25 Billion
MEXC On-Chain Daily Report: SoFi Uses Stablecoin Settlement for Mastercard Transactions, Annualized Volume Expected to Exceed $25 Billion
Updated: September 23, 2026, 09:30 (UTC+8) | Author: MEXC
Headlines
- Ondo Stocks launches on NEAR, with TVL exceeding $1 billion
- CFTC says markets must prepare for large-scale tokenization
- Circle’s on-chain FX engine StableFX launches on Arc
- SoFi uses SoFiUSD to settle Mastercard transactions
- Chainlink and Infosys advance institutional on-chain finance
Industry Updates
Gnosis Pay to Discontinue Consumer Cards and Web App on December 20, 2026
According to Odaily Planet Daily, Gnosis Pay announced that it will discontinue its consumer debit cards and web application on December 20, 2026. After that date, the cards will no longer be usable for purchases, while the web interface will stop normal operations and retain only fund withdrawal functionality. User funds remain held in Gnosis Pay Safe and will not be affected by the adjustment, while withdrawals will have no deadline. Gnosis Pay said it has gradually shifted since 2025 from a direct-to-consumer model toward providing card services for wallets, fintech applications, and neobanks, and recommends that existing users migrate to partner applications to continue using related card products.
a16z and DeFi Education Fund Urge SEC to Exempt DEXs From Exchange Registration
According to Odaily Planet Daily, a16z and the DeFi Education Fund jointly submitted a proposal to SEC Commissioner Hester Peirce calling for a safe-harbor framework and a “rebuttable presumption” that decentralized exchange protocols and their front-end interfaces do not constitute an “exchange” under the Securities Exchange Act of 1934. On the same day, a16z submitted another letter urging the SEC to establish a registration framework for centralized crypto trading platforms based on the 1998 Alternative Trading System rules. Both letters were dated September 14, three days before the SEC released its “innovation exemption” for tokenized stock trading venues.
PayPal Plans to Work With Meta, Using Muse Agent for Shopping and Checkout
According to Jin10, PayPal plans to cooperate with Meta and use the Muse agent to support shopping and checkout scenarios. The partnership would further integrate AI Agents into payment workflows, enabling users to complete product discovery, purchasing, and payment processes through intelligent agents. As major technology and payment companies continue exploring Agent Commerce, payment infrastructure is gradually shifting from traditional user-initiated interactions toward agent-driven execution. The information provided has not disclosed the specific launch date, supported regions, initial merchant coverage, or settlement model for Muse, and further product developments remain worth monitoring.
Camelot and Cypher Merge Into Frontier, Shifting Toward Uniswap v4 Infrastructure
According to Odaily Planet Daily, DeFi protocols Camelot and Cypher announced that they will merge under a new brand, Frontier, which will focus on programmable market infrastructure built on Uniswap v4 Hooks. The two protocols previously processed more than $100 billion in spot trading volume across Arbitrum and Ethereum and supported over 45 project launches. A total of 15% of FRONT’s token supply will be allocated to holders of both ecosystems, while eligible users will have 30 days to migrate. Frontier has already launched on Robinhood Chain and plans to expand to Ethereum mainnet and Arbitrum, while Camelot and Cypher will gradually cease operating independently.
Hyperliquid Ecosystem’s First L2 Network Elysium Launches Testnet
According to Odaily Planet Daily, Elysium, a general-purpose high-performance L2 network built specifically for Hyperliquid, has launched its testnet. The network settles to HyperEVM, is co-located with HyperCore, and uses HYPE as its native gas token. Elysium currently operates on infrastructure compliant with SOC II Type 2 standards and uses Conduit’s G2 sequencer. As the first L2 network in the Hyperliquid ecosystem, its launch marks a further expansion of Hyperliquid infrastructure from trading and liquidity into a broader application execution environment, creating new deployment options for future on-chain applications and developers.
Pyth Network Becomes External Data Distributor for Nasdaq Basic, PYTH Jumps More Than 15%
According to Odaily Planet Daily, Pyth Network announced that it has become an external data distributor for Nasdaq Basic, integrating Nasdaq’s real-time U.S. equity quote and trade products into the Pyth data market. Nasdaq Basic provides best bid and offer prices, displayed order sizes, and other core real-time market data from the Nasdaq Market Center. The integration means traditional securities market data can be delivered further into on-chain applications through oracle infrastructure, supporting tokenized stocks, derivatives, and other on-chain financial use cases. Following the announcement, PYTH briefly rose more than 15% and was quoted at 0.066 USDT.
RWA Platform Midas Introduces mWIN and mGLOBAL Tokenized Investment Products on Avalanche
According to Odaily Planet Daily, RWA platform Midas has introduced two tokenized investment products, mWIN and mGLOBAL, on Avalanche. The products respectively represent an institutional fixed-income strategy managed by Wellington Management and an alternative credit strategy managed by Fasanara Capital. Both products can be programmed and transferred on-chain and can be further integrated into related financial applications. mWIN is primarily linked to a diversified fixed-income portfolio, while mGLOBAL is connected to receivables and asset-backed credit strategies, bringing traditional institutional investment strategies further into public-chain financial infrastructure in tokenized form.
Infini Raises $6 Million Seed Round With Participation From SNZ, Reforge, Enlight Capital and Others
According to Odaily Planet Daily, stablecoin payment platform Infini has completed a $6 million seed funding round with participation from SNZ, Reforge, Enlight Capital, Nordic Digital Ventures, Fortwest, and Vernal. The funds will be used to expand its global payment network, support more markets, currencies, and payment methods, and strengthen compliance, licensing, and risk controls. Infini App is already live, while the company continues to develop global accounts, stablecoin payments, and everyday spending functions. It also plans to build AI Agent and financial system capabilities that integrate cash-flow analysis, bookkeeping, approvals, and payments into a unified product framework.
Jumper Spins Out From LI.FI and Plans JUMP Token Sale Through Legion
According to Odaily Planet Daily, cross-chain trading aggregator Jumper will spin out from LI.FI and plans to conduct its first JUMP token sale through Legion. The token offering will serve as Jumper’s first financing round, with no separate equity fundraising planned, and JUMP will become the sole form of ownership exposure for participating parties. Jumper has processed more than $40 billion in cumulative trading volume and has over 100,000 monthly active users. It plans to expand from a cross-chain aggregation tool into an on-chain financial super app. The specific token launch date will be announced after the financing is completed.
Kalshi Asks CFTC to Allow Margin Trading on Its Platform
According to Odaily Planet Daily, Kalshi has asked the U.S. Commodity Futures Trading Commission to allow margin trading on its platform. If approved, the mechanism would enable users to post only part of the required capital as collateral to establish larger contract positions, potentially changing capital efficiency and risk management within prediction markets. Kalshi has continued expanding its event contracts and prediction-market offerings, and the request indicates that it is exploring mechanisms commonly used in traditional derivatives markets. The proposal remains subject to CFTC review, while specific margin ratios, risk controls, and eligible product categories have not yet been disclosed.
MEXC Market Heatmap
Data Note: Based on real-time MEXC market data recorded before 09:30 (UTC+8). Figures may subsequently change with market fluctuations.
On-Chain Calendar
High-Risk Token Unlocks
- TON/USDT [Sep 23, 03:20] Unlocks $50.26m USDT, equivalent to 1.31% of circulating supply, with medium short-term sell pressure
- Humanity/USDT [Sep 23, 21:16] Unlocks $23.15m USDT, equivalent to 14.69% of circulating supply, with high short-term sell pressure
Key Macro Events
- Sep 23, 01:00 — United States | Federal Reserve | Barkin Speech [Policy signals may affect Treasury yields and U.S. dollar flows]
- Sep 23, 03:30 — European Union | ECB | Nagel Speech [Rate guidance may affect euro expectations and risk-asset allocation]
- Sep 23, 15:00 — European Union | ECB | Vujčić Speech [Policy signals may affect euro rate expectations and market liquidity]
- Sep 23, 15:30 — Indonesia | Bank Indonesia | Interest Rate Decision [Rate changes may affect regional spreads and cross-border capital flows]
- Sep 23, 16:00 — South Africa | Inflation Data [Inflation changes may affect rate-cut expectations and domestic asset pricing]
- Sep 23, 18:30 — Russia | Central Bank | Summary of Key Rate Discussion [Policy guidance may affect rate differentials and domestic liquidity]
- Sep 23, 21:00 — South Africa | South African Reserve Bank | Interest Rate Decision [Policy changes may affect rate spreads and emerging-market capital allocation]
- Sep 23, 22:05 — United States | Federal Reserve | Barr Speech [Policy signals may affect dollar liquidity and risk-asset pricing]
Security Alert
Recently, users should remain highly alert to crypto asset theft schemes disguised as fake recruitment, remote interviews, and coding tests. The FBI recently warned that attackers linked to “WaterPlum,” also commonly referred to as “Contagious Interview,” have been approaching IT professionals and job seekers through recruitment processes and tricking targets into running malicious code, potentially resulting in the theft of sensitive information and crypto assets. Related activity has reportedly affected users in the United States, Japan, Europe, and other regions. Users who receive code repositories, test files, browser extensions, or installation packages from unfamiliar recruiters should independently verify the company and recruiter through official channels, avoid running such files on devices that store wallets, private keys, or seed phrases, and use isolated environments whenever possible for technical assessments. If abnormal wallet permissions are discovered, users should promptly revoke suspicious approvals and transfer assets that remain under their control.
MEXC Chain Observation Daily, updated daily, strives to provide professional, timely, and in-depth market analysis for cryptocurrency practitioners. Welcome to share and subscribe.
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