Fed proposed GENIUS Act stablecoin rules requiring full reserve backing and standardized capital for issuers, signaling stricter oversight.
2.
CFTC updated crypto FAQ allowing customer funds in tokenized assets and blockchain recordkeeping, enhancing regulatory clarity for derivatives firms.
3.
EBA urged EU to bring crypto lending and DeFi access under MiCA review, proposing certification regimes and leverage limits for intermediaries.
4.
New York sued Polymarket for illegal gambling operations, seeking injunctions and restitution, intensifying state-level enforcement against prediction markets.
5.
SEC extended Nasdaq ISE crypto ETF options listing decision to November 11, delaying potential regulated derivatives expansion amid ongoing review.
Trending Tokens
1.
ONDO Finance (ONDO): Surged 29% to $0.53 after launching BlackRock-powered Intelligent Portfolios on Sep 24, marking the first tokenized model portfolios from a top asset manager.
2.
Litecoin (LTC): Rallied 21% to $73.14 with $1.24B volume as Canary spot LTC ETF flows accelerated and LitVM smart contract upgrade boosted rotation into legacy PoW assets.
3.
MORPHO (MORPHO): Jumped 15% to $2.92 on Coinbase fixed-rate USDC loan integration and Circle partnership, signaling rising institutional demand for on-chain lending infrastructure.
Smart Money Movements
1.
US spot Bitcoin ETFs pulled $452M net inflows on September 23, totaling $2.65B over five sessions with IBIT leading at $730M across two days.
2.
Bitmine added 27,562 ETH worth $74M this week, raising total holdings to 5,983,940 ETH valued at $16.1B or 4.9% of circulating supply.
3.
Whales opened 2,031.58 BTC long positions worth $171M within four hours, while wallet bc1qdp accumulated 536 BTC for $45.28M during the dip.
4.
Multicoin Capital deposited 130,331 HYPE tokens valued at $12.15M to Coinbase Prime, bringing cumulative transfers to 4.23M HYPE worth $285M since July.
5.
RockawayX committed $150M to Catapult for tokenized trade finance and private credit as real-world asset market reached approximately $38B in value.
Events to Watch
Sep 25 (Fri)
US Aug durable goods orders due at 12:30 PM ET; consensus -0.3% MoM signals manufacturing demand and crypto risk appetite.
Sep 29 (Mon)
RBA holds rate decision at 4.35%; US JOLTS job openings for August release at 2:00 PM ET, key labor demand gauge.
Sep 30 (Tue)
US Aug core PCE inflation prints at 12:30 PM ET; China Sep NBS manufacturing PMI releases earlier at 01:30 AM.
Oct 1 (Wed)
US Sep ISM Manufacturing PMI publishes at 2:00 PM ET; consensus 54 indicates expansion in factory sector activity.
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