Major News Headlines for Today

1. Sony Bank Announces Launch of Yen-Pegged Stablecoin
Sony Bank, an Internet banking affiliate of Japan's Sony Group, has announced its plan to launch yen-pegged stablecoin. In an official statement on Sept. 10, Sony Bank said it will launch yen-pegged stablecoin in partnership with Soneium to reduce bank transaction fees and efficiently process payments.

2. PayPal Begins Support for Venmo Ethereum Name Service Linked
PayPal linked its Web 3.0 payment platform Ethereum Name Service(ENS) to the payment platform on Sept. 11. According to PayPal's announcement, users in the U.S. can send cryptocurrency to an ENS-linked wallet by entering their ENS user name.

3. "Bitcoin Begins Year-End Rally After September Drops" In Bitwise Investment Director
Matt Hougan, general investment manager of Bitwise, claimed that Bitcoin(BTC) will introduce a year-end rally due to the resolution of economic and policy uncertainties in the U.S. Hougan explained in an investor memo on Sept. 10 that Bitcoin is currently experiencing a decline due to a number of uncertainties, including the U.S. presidential election and whether the U.S. Federal Reserve cut interest rates. Hougan then argued that all such uncertainties will be resolved at the end of the year and that Bitcoin will rise significantly from October, as in the past October.

4. Glassnode "Bitcoin Is Falling Short-Term Investor Demand"
Short-term investors' demand for Bitcoin is on the decline, the report showed. Glassnode, an on-chain analysis platform, pointed out in a report published on Sept. 10 that the on-chain transaction volume through the central exchange(CEX) has decreased significantly and is below the average monthly transaction volume. Glassnode explained that the demand for spot transactions for Bitcoin has decreased significantly due to the recent market downturn.

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