KVANTS DAILY NEWSLETTER - SEPT 23RD, 2025
JPMorgan CEO: Fed cuts not assured, stablecoins no threat to banks; CZ’s $10B crypto fund YZi Labs ‘may’ open to external investors; Kazakhstan launches Evo stablecoin with Solana and Mastercard; US, UK joint task force to explore crypto regulatory collaboration; Peso in freefall: US lifeline to Argentina met with Bitcoiners’ doubt; World Liberty adviser bets millions as corporate treasuries fuel AVAX rally; Forward Industries wants to tokenize its Nasdaq shares on Solana; Machi Big Brother exits $25M HYPE bet at $4M loss as rivals eat Hyperliquid market share.
CZ’s $10B Crypto Fund YZi Labs ‘May’ Open to External Investors CZ’s YZi Labs, originally a proprietary $10B crypto fund, may soon allow external investors. This would transform it into one of the largest capital pools in Web3. The move could attract institutions seeking exposure through a professional structure. LINK
IMPORTANCE Institutional inflows of this scale could reshape crypto venture capital. YZi’s credibility stems from CZ’s track record despite his Binance exit. If executed, it may rival traditional hedge fund-style vehicles in Web3.
Peso in Freefall: US Lifeline to Argentina Met With Bitcoiners’ Doubt Argentina’s peso continues its collapse despite US financial support. Bitcoiners argue fiat lifelines cannot resolve deep structural flaws. Adoption of BTC as a hedge is rising in response. LINK
IMPORTANCE The crisis reinforces Bitcoin’s narrative as a store of value. Skepticism around bailouts reflects distrust in traditional monetary interventions. Latin America may emerge as a key region for BTC adoption.
World Liberty Adviser Bets Millions as Corporate Treasuries Fuel AVAX Rally World Liberty adviser invested millions into Avalanche (AVAX) citing corporate treasury adoption. Rising treasury allocations have pushed AVAX volumes higher. This strengthens Avalanche’s case in the L1 race. LINK
IMPORTANCE Corporate treasury inflows broaden blockchain use beyond retail speculation. AVAX’s adoption validates it as a treasury-grade blockchain asset. This trend could boost competition against Solana and Ethereum.
Forward Industries Wants to Tokenize its Nasdaq Shares on Solana Forward Industries revealed plans to tokenize its Nasdaq-listed shares via Superstate on Solana. The project will enable regulated tokenized equity trading. It aims to expand liquidity and investor reach. LINK
IMPORTANCE A listed firm tokenizing equity signals mainstream acceptance of blockchain rails. This creates a precedent for public companies adopting tokenization. Solana’s role strengthens its RWA ecosystem positioning.
Machi Big Brother Exits $25M HYPE Bet at $4M Loss Machi Big Brother exited a $25M HYPE position at a $4M loss. Hyperliquid has lost trading share to rival DEXs. Market doubts now loom over HYPE’s sustainability. LINK
IMPORTANCE Large whale exits reveal fragility in smaller DeFi ecosystems. Competition among DEXs is intensifying as liquidity fragments. Losses from high-profile traders can undermine market confidence.
Kazakhstan Launches Evo Stablecoin with Solana and Mastercard Kazakhstan has unveiled Evo, a central bank-backed stablecoin developed with Solana and Mastercard. The initiative targets financial inclusion, cross-border settlement, and digital commerce. Early pilots will assess retail and institutional adoption. LINK
IMPORTANCE Sovereign-backed stablecoins validate blockchain’s role in national finance. Partnerships with Solana and Mastercard highlight convergence of public blockchain and legacy payments. This could accelerate pressure on larger economies to deploy CBDCs.
JPMorgan CEO: Fed Cuts Not Assured, Stablecoins No Threat to Banks Jamie Dimon warned the Fed may not deliver expected rate cuts due to persistent inflation risks. He added that banks remain at the core of financial stability despite digital asset growth. Stablecoins, in his view, are complementary rather than competitive. LINK
IMPORTANCE Markets should temper expectations for near-term liquidity boosts from the Fed. Dimon’s comments signal confidence in traditional banking resilience against crypto disruption. For digital assets, innovation continues but without immediate systemic threat to banks.
US, UK Joint Task Force to Explore Crypto Regulatory Collaboration The US and UK have announced a task force to coordinate crypto regulation. It will address consumer protection, AML oversight, and tokenized markets. Early priorities include stablecoins, DeFi, and digital securities. LINK
IMPORTANCE A US-UK alignment could set global regulatory benchmarks. Harmonized rules reduce fragmentation for crypto firms. This collaboration may pressure other regions to accelerate digital asset frameworks.