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Phemex Crypto Market Daily: Crypto Market Daily Report - Market Analysis & Insights (Sep 28)
II. Industry Updates:
1. California bans public officials from issuing meme coins, curbing political crypto conflicts and boosting investor confidence. 2. SEC Commissioner Peirce exits Oct 2; two-member quorum may delay Regulation Crypto Assets finalization amid market uncertainty. 3. Fed proposes GENIUS Act stablecoin reserve and capital rules; 60-day comment period shapes issuer compliance costs. 4. EU EBA urges MiCA rules for DeFi lending intermediaries as Sept 30 consultation deadline nears, pressuring CASPs. 5. NYSE Arca approves Bitwise NEAR spot ETF ticker NRR; NEAR rallies 4.5% to $5.31 on regulated access milestone. 1. Quant (QNT): Surged 53.66% to $163.71 after The Clearing House selected it for the On-Chain Money Initiative to settle tokenized bank deposits. 2. Worldcoin (WLD): Rallied 15.00% to $0.568 amid renewed AI identity demand following Grayscale’s July S-1 filing for the first U.S. WLD ETF. 3. Pyth Network (PYTH): Gained 8.56% to $0.084 as oracle TVS hit record levels and cross-chain feeds expanded across over 40 blockchains. 1. Bitcoin ETFs attracted $134.47M on Friday, extending a seven-day inflow streak to nearly $3B with BlackRock’s IBIT leading at $96.99M. 2. A dormant whale transferred 4,499 BTC worth $378.4M between unknown wallets after four years of inactivity, signaling potential repositioning. 3. Galaxy Digital added $100M sUSDS to its treasury and secured a $500M Grove lending facility to expand onchain institutional credit access. 4. Strategy purchased 950 BTC for $75.7M, raising total holdings to 846,000 BTC valued at $71.81B as Michael Saylor hinted at further buys. 5. Hyperliquid trader mk4 held a $31.28M NEAR long position with 10x leverage, generating $17.55M in unrealized profits representing 7.68% of open interest. . Sep 29 (Tue) US Consumer Confidence & JOLTS data release; Falcon Finance unlocks $10.2M tokens . Sep 30 (Wed) Core PCE, ADP jobs & personal spending released; KMNO unlocks $10.8M tokens . Oct 1 (Thu) Initial jobless claims & China National Day holiday begin; SUI unlocks $16.7M . Oct 2 (Fri) US Sep NFP report expected at 98K; DoubleZero unlocks $114M (47.7% supply) . Oct 3 (Sat) Market digests NFP & PCE data amid China holiday liquidity thinning
