SEC Reportedly Preparing Major Exemption for Tokenized Securities, May Allow Direct On-Chain Trading【MEXC Alpha Trader – Daily Market Brief (September 10, 2026)】

I. Macro & Market Sentiment

• Market Data: BTC $78,074 (-1.00%) | ETH $2,463 (-1.35%) | SOL $101 (-2.61%)
• Market Sentiment: Funding Rate +0.0036% | Fear & Greed Index 69 (Greed)
• Geopolitical Conflict: Escalating US-Iran tensions push Brent crude toward $100/barrel, rising inflation expectations may pressure risk assets and influence Federal Reserve policy outlook. Read More
• Policy Outlook: 10-year Treasury yield climbs to 4.80%, markets pricing in 60% probability of Fed rate hike next week—first in over three years if realized. Alpha traders should monitor policy communication for liquidity impact. Read More
• FX Risk: Japanese retail investors hold $23.5 billion net short yen positions; US Treasury Secretary's public remarks may signal coordinated intervention. Rapid yen appreciation could trigger cascading liquidations with spillover into risk assets. Read More

II. Trading Signals / Hot Topics

• [Today's Focus] BTC | Pullback Driven by Macro Liquidity Expectations, Not Leverage Buildup Risk
  As the market's liquidity anchor, BTC retreated from $79,000 to $78,000 with funding rate at low +0.0036% while Fear & Greed Index remains at 69 (Greed). The correction stems from rising Treasury yields and Fed rate hike expectations rather than overleveraged selling pressure—representing valuation adjustment from tightening liquidity channels.
  Analysis: Structurally, this pullback reflects institutional caution rather than retail leverage blowouts, keeping drawdown relatively contained. However, next week's Fed meeting becomes critical—if rate hike materializes or policy signals turn hawkish, risk appetite faces further pressure.
• [US Stocks Focus] Gold | Institutions Add Physical and Options Positions Simultaneously, Goldman Sets $4,000 Floor with $4,900 Target
  August saw gold ETFs record third-highest net inflow of 201 tons, while asset managers' futures net long positions reached second-highest on record. Société Générale views the bull market entering a new phase where speculative momentum converges with physical-futures-options resonance. Goldman Sachs maintains bullish stance, arguing central bank purchases and de-dollarization elevate price floor with sovereign buyers and institutional capital supporting $4,000 level, projecting $4,900/oz by end-2026.
  Analysis: Structural shift in gold demand validates return of safe-haven characteristics. Institutions treating $4,000 as solid floor signals this level represents allocation window rather than chase point. If oil prices and yen continue safe-haven narratives, gold may divert capital from crypto markets.
  Extended Reading: 1 2
• [On-Chain] USDC | Circle Acquires Tazapay for $400M, Rapidly Expands Local Settlement Network
  Circle completes all-stock acquisition of Singapore-based cross-border payment firm Tazapay, which operates local settlement channels across 100+ markets with annualized payment processing exceeding $25 billion—approximately 60% stablecoin-related. Arc mainnet launches September 16 with confirmed participation from BlackRock, DTCC, and other institutions.
  Analysis: Through acquisition, Circle gains local banking relationships and licensing capabilities, shortening CPN expansion timeline while providing infrastructure support for USDC payment use cases. Arc mainnet launch will further deepen USDC applications in institutional finance and global payment scenarios.
  Extended Reading: 1 2

III. Regulation & Major Events

• United States | SEC reportedly preparing major innovation exemption for tokenized securities, potentially allowing tokenized securities to trade solely through registered transfer agents without broker-dealer licenses, covering US retail and offshore investors. Large funds reportedly already greenlit. Read More
• Singapore | Gemini receives Major Payment Institution license from Monetary Authority of Singapore, will continue providing digital asset trading, custody, and OTC services to local retail and institutional clients. Read More
• United States | Jack Dorsey's payment company Block has submitted application to Office of the Comptroller of the Currency to establish Builders Bank & Trust, an uninsured federal trust bank offering Bitcoin and stablecoin custody and fiduciary services. Read More
• Liquid Network clarifies September 6 theft of approximately 4,000 BTC resulted from exploitation of open-source Elements software vulnerability, not private key compromise. 3,400 BTC recovered with approximately 598.5 BTC outstanding. Read More

IV. Platform Exclusive Benefits

· Alpha Trader September Welcome Campaign (Futures)
· August Futures Team Competition (Futures)
· Loss Subsidy Campaign (Phase 3) (Futures)

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Recommended Reading: MEXC On-Chain Daily Report: PayPal Launches Custom Stablecoin Platform PYUSDx

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