According to Odaily Planet Daily, ETF issuer Defiance has filed applications with the U.S. Securities and Exchange Commission to launch two exchange-traded funds (ETFs) built around so-called "basis trades"—one pegged to Bitcoin and the other to Ethereum. This strategy, a common trading method in the cryptocurrency sector for years, aims to capitalize on the price difference between the spot market and futures contracts: investors buy cryptocurrency tokens, sell corresponding futures contracts, pocket the difference, and repeat the process, aiming for a stable return from the spread while largely shielding against significant price fluctuations. Defiance plans to use the tickers "NBIT" (for Bitcoin) and "DETH" (for Ethereum), effectively transforming this trading process into a one-click ETF product. The Bitcoin ETF will buy Bitcoin spot funds like BlackRock's IBIT and short Bitcoin futures on the Chicago Mercantile Exchange (CME). Its expected return is derived from the price difference between the two markets, which is influenced by factors such as volatility and demand dynamics. (cryptoslate)

Huoxun Finance News, September 17, the U.S. Securities and Exchange Commission will hold a roundtable meeting on September 18 on "trade-through prohibitions" in the National Market System stock and listed options markets.

Huoxun Finance reported on September 17th that SonicLabs announced an investment in FinChain, an institutional-grade RWA service provider, to accelerate its strategic goal of becoming the future financial settlement layer. Through this partnership, Sonic will support RWA issuance, institutional-grade settlement channels, and compatibility with DeFi, further expanding the market application of on-chain physical assets (RWAs). Last month, Fosun Wealth Holdings' FinChain officially launched and secured millions of dollars in funding.

According to a report by Partech Partners on September 17th, African fintech company Kredete announced the completion of a $22 million Series A funding round led by AfricInvest through its CathayAfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicles (FIVE), with participation from Partech and Polymorphic Capital. This round brings Kredete's total funding to $24.75 million. Kredete is dedicated to helping African immigrants improve their credit histories through stablecoin payments and credit-building services, with plans to expand to Canada, the UK, and Europe. The company will launch new features such as Africa's first stablecoin credit card, rental credit reports, and credit savings plans. It will also build a bank and wallet aggregation API covering 41 countries to facilitate secure and low-cost cross-border payments for businesses. Kredete currently has over 700,000 monthly active users, has remitted $500 million, and has seen its users' US credit scores increase by an average of 58 points.

Huoxun Finance reported on September 17th that Mavryk Network, a Layer-1 public blockchain, announced the completion of a $10 million strategic funding round led by MultiBank Group. The funding will be used to advance its partnership with MultiBank to bring over $10 billion in UAE real estate assets onto blockchain. The project, powered by a multi-party computing wallet provided by digital asset custodian Fireblocks, will allow investors to trade and stake real estate tokens through the Mavryk platform without having to manage their own private keys.