Updated: September 21, 2026, 09:30 (UTC+8) | Author: MEXC Headlines ZetaChain proposes shutting down its L1 and migrating ZETA to Solana Solana targets reducing slot time to 250 milliseconds EU MiCAUpdated: September 21, 2026, 09:30 (UTC+8) | Author: MEXC Headlines ZetaChain proposes shutting down its L1 and migrating ZETA to Solana Solana targets reducing slot time to 250 milliseconds EU MiCA
MEXC On-Chain Daily Report: U.S. Single-Stock Perpetual Futures Race Heats Up as Kalshi and Coinbase Enter the Market
Updated: September 21, 2026, 09:30 (UTC+8) | Author: MEXC
Headlines
- ZetaChain proposes shutting down its L1 and migrating ZETA to Solana
- Solana targets reducing slot time to 250 milliseconds
- EU MiCA review examines staking regulations
- Arc launches agent payments with x402 settlement support
- Universal Protocol to cease operations on November 17
Industry Updates
Public-chain assets could reach $10 trillion as Cardano founder says crypto may become deeply integrated with AI over the next 5–10 years
According to Odaily, Cardano founder Charles Hoskinson said crypto technology could become increasingly integrated with AI over the next five to ten years, helping address challenges in payments, data provenance, and distributed computing coordination. He argued that continued expansion of centralized data centers faces constraints from electricity supply and costs, potentially pushing some AI computing toward local and edge models that aggregate resources such as GPUs and smartphones through distributed networks. Hoskinson estimates that public-chain assets could reach $10 trillion by 2030, with around 1 billion new users, although these figures represent his personal projections.
Midnight prepares to enable smart contract deployment on mainnet
According to Odaily, privacy-focused blockchain Midnight is preparing to open smart contract deployment on its mainnet. Once smart contract functionality is enabled, developers will be able to build applications around privacy protection, on-chain identity, data permissions, and application interactions. Midnight has previously focused on privacy-preserving computation and data protection, making mainnet smart contract deployment a key milestone in its transition from core infrastructure development toward ecosystem expansion. The information provided does not specify an exact launch date, the initial scope of supported applications, or developer incentive arrangements.
Bitcoin needs a weekly close above $78,700 to confirm the start of a new bull market
According to Odaily, Doctor Profit said on X that Bitcoin has broken above its 50-week moving average near $78,700. If the weekly close remains above that level, he would view it as confirmation of a new bull market. His analysis suggests Bitcoin remains within a $71,000–$82,000 range, while a further breakout above the $82,500–$83,000 area would provide stronger technical confirmation. This assessment reflects a trader’s interpretation based on historical moving averages and price structure rather than a guaranteed price forecast.
Visa to close credit-card rewards loophole for Meme coin purchases
According to Decrypt, Visa is moving to close a checkout classification loophole supported by Crossmint. Some Meme coin purchases had previously been categorized under merchant codes used for digital media such as e-books, movies, and music, allowing them to qualify for standard credit-card points or rewards. Visa has notified payment processors, including Checkout.com, to stop using the relevant classification, with the grace period expected to end next week. Going forward, Meme coin purchases will be treated as cryptocurrency transactions and subject to Visa’s applicable rules and rewards policies.
Kalshi applies to launch U.S. single-stock perpetual contracts, proposal still awaiting CFTC approval
According to Odaily, Kalshi has applied to launch perpetual contracts linked to individual U.S. stocks. It submitted a proposed rule change to the U.S. SEC and also submitted the proposal to the CFTC for approval, which has not yet been granted. The proposed contracts would have no fixed expiration date and would use periodic funding payments between long and short positions to keep contract prices aligned with underlying stock prices. The products are expected to clear through Kalshi Klear. Coinbase submitted a similar proposal on the same day, showing that U.S. trading platforms are increasingly exploring single-stock perpetual derivatives.
JPYC briefly trades above 3 yen after Upbit listing as supply exceeds 4.2 billion yen within 48 hours
According to Bitcoin.com News, Japan’s first licensed yen stablecoin JPYC was listed on South Korean crypto exchange Upbit on September 17. JPYC/KRW opened with a reference price of KRW 8.81 before briefly rising to KRW 35.7, with the peak equivalent exceeding 3 yen. JPYC minted 1.687 billion yen that day, while circulating supply increased from around 1.9 billion yen to more than 4.2 billion yen within almost 48 hours. As additional supply entered the market, JPYC gradually returned toward its 1:1 yen peg, indicating that limited liquidity initially caused a significant short-term premium across markets.
Euro stablecoin EURR begins issuance, with Revolut and Bridge initially opening access to selected customers in three countries
According to Odaily, Revolut and licensed issuer Bridge have begun issuing the euro stablecoin EURR, initially making it available to selected customers in three countries. Current data shows Bridge’s EURR supply at 374, although the original information does not specify the unit. By comparison, Circle’s EURC supply stands at EUR 394.5 million. The launch of EURR introduces another issuer into Europe’s stablecoin market while directly combining Revolut’s payment distribution channels with Bridge’s stablecoin infrastructure.
Permissionless blockchains can operate compliantly, Jito Labs executive says banks do not need permissioned networks
According to Odaily, Jito Labs COO and Chief Legal Officer Rebecca Rettig said financial institutions do not necessarily need permissioned blockchains to meet anti-money laundering and related compliance requirements. She argued that banks can implement proportionate controls based on specific risks without controlling the underlying network. Technologies such as zero-knowledge proofs and confidential transfers may also allow institutions to demonstrate compliance to regulators without disclosing customer positions, providing another technical and regulatory path for traditional banks to use permissionless public blockchains.
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.
New Listing Announcement: MINT/USDT, Listing Time: 2026-09-21 17:00:00 (UTC+8)
On-Chain Calendar
- Celestia/USDT [Sep 21, 03:50] Unlocks $75,930.12 USDT, equivalent to 0.019% of circulating supply, with low short-term sell pressure
- Orderly/USDT [Sep 21, 08:01] Unlocks $18,400.92 USDT, equivalent to 0.12% of circulating supply, with low short-term sell pressure
- Limitless Exchange/USDT [Sep 22, 03:20] Unlocks $587,756.25 USDT, equivalent to 9.62% of circulating supply, with high short-term sell pressure
- 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 21, 14:00 — Saudi Arabia | Statistics authority | Construction Cost Index [Cost changes may affect inflation expectations and domestic rate pricing]
- Sep 21, 18:30 — United States | Federal Reserve | Goolsbee speech [Policy signals may affect Treasury yields, the U.S. dollar, and risk-asset pricing]
- Sep 21, 19:30 — Brazil | Central Bank of Brazil | Focus Market Readout [Inflation and rate expectations may affect the real and capital allocation]
Security Alert
Users should continue to monitor risks involving cross-chain assets caused by vulnerabilities in blockchain infrastructure. Chainalysis recently reported that Liquid Network had previously experienced an issue involving abnormal asset creation due to a transaction-validation software vulnerability, allowing an attacker to temporarily create insufficiently backed L-BTC and exchange it for real BTC, involving almost $320 million in assets, most of which were subsequently returned. When a sidechain, cross-chain bridge, or wrapped asset is affected by a security incident, users should avoid making large deposits, cross-chain transfers, or conversions until the project confirms that the relevant software has been fixed and normal validation has resumed. For larger transfers, users may first conduct a small test transaction and should avoid pursuing abnormal prices or arbitrage opportunities while the security event remains unresolved.
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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