Aevo Pre-Launch Platform Launches Monad Token Trading

PANews reported on September 23rd that, according to CoinDesk, Boerse Stuttgart Digital, the cryptocurrency business unit of Germany's Stuttgart Stock Exchange Group, announced on Tuesday that it has established a new office in Madrid, Spain, officially entering the Spanish market. This move expands its European presence to eight centers, including Frankfurt, Zurich, and Milan. Earlier this year, the company received Europe's first full-territory license under the Markets in Crypto-Assets Regulation (MiCAR) from Germany's Federal Financial Supervisory Authority (BaFin), providing cryptocurrency trading and custody solutions to banks, brokers, and asset managers.

PANews reported on September 23rd that according to CoinDesk, Hyperliquid, once a leading player in the on-chain perpetual swap market, is gradually being overtaken by emerging platforms such as Lighter and Aster, resulting in a decline in market share. According to Dune data, Hyperliquid's market share of the on-chain cryptocurrency perpetual swap market reached 71% in May of this year, but has now fallen to 38%. Meanwhile, Lighter and Aster's market shares have increased from low single-digit percentages in May to 16.8% and 14.9%, respectively. The on-chain perpetual swap market is experiencing rapid growth. Over the past four weeks, cumulative trading volume across all platforms has approached $700 billion, with $42 billion traded in the last 24 hours alone. The number of on-chain perpetual swap protocols has rapidly increased from just two in 2022 to over 80 today. This growth demonstrates the vitality of the market: a thriving market attracts numerous new participants, intensifying competition and challenging the market share and profitability of early entrants.

The SEC has approved the conversion of the Grayscale Digital Large Cap Fund (GDLC) into an ETP traded on NYSE Arca.