Headlines
▌US SEC Requests Multiple Cryptocurrency ETFs to Withdraw Applications
According to cryptocurrency journalist Eleanor Terrett, the US SEC has requested that cryptocurrency ETF issuers, including Litecoin (LTC), XRP, Sol, ADA, and DOGE, withdraw their 19b-4 filings. This move stems from the SEC's approval of a common listing standard, which eliminates the need for separate filings. Withdrawal applications are expected to begin this week.
▌Wisconsin Introduces Bitcoin Bill of Rights AB471
According to Bitcoin_Laws, Wisconsin has introduced a Bitcoin Bill of Rights: Bill AB471 would exempt individuals and businesses from obtaining a money transmission license for the following activities: accepting payments, using self-hosted wallets, operating nodes, developing software, and staking.
Market
As of press time, according to Coingecko data:
BTC price is $114,330, up or down 24 hours by 2.0%;
ETH price is $4,221.81, up or down 24 hours by 2.2%;
BNB price is $1,032.69, up or down 24 hours by 4.2%;
+1.4%;
DOGE price is $0.2358, with a 24-hour increase or decrease of -0.3%;
XRP price is $2.89, with a 24-hour increase or decrease of +0.8%;
TRX price is $0.337, with a 24-hour increase or decrease of +0.4%;
-8.4%;
HYPE price is $46.35, with a 24-hour increase or decrease of -1.7%.
Policy
▌The head of the US regulatory agency called for the realization of "passport interoperability" of cryptocurrency with the UK
According to the Financial Times: The head of the US regulatory agency called for the realization of "passport interoperability" of cryptocurrency with the UK, and she also revealed her plan to step down soon.
▌U.S. CFTC Acting Chair: The "turf war" with the SEC over crypto regulation is over
Caroline Pham, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), announced at a joint roundtable on September 29 that the "turf war" with the Securities and Exchange Commission (SEC) over cryptocurrency regulation is over. She emphasized that the two agencies will be committed to establishing a coordinated and unified regulatory framework to reduce market friction. SEC Chairman Paul Atkins also denied rumors of a merger between the two agencies, saying they would focus on policy coordination rather than institutional restructuring. The meeting brought together Kraken, Robinhood, and several traditional financial institutions to participate in the discussion. This statement comes at a time when the Clarity Act is being advanced, which is expected to give the CFTC broader regulatory power over digital assets.
▌Federal Reserve Bank's Williams: Well-regulated stablecoins do not pose significant risks
Federal Reserve Bank's Williams said that well-regulated stablecoins do not pose significant risks. The U.S. Office of the Comptroller of the Currency is expected to regulate non-bank stablecoin issuers.
▌The U.S. Senate will vote again on a bill to avoid a government shutdown on Tuesday
U.S. Senate Republican leader John Thune said the Senate will vote again on a bill to avoid a government shutdown on Tuesday. Kazakhstan Launches First Crypto Fund, Alem Crypto Fund, Invests in BNB According to foreign media reports, Kazakhstan has launched its first crypto fund, Alem Crypto Fund. The fund, initiated by the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan, is managed by Qazaqstan Venture Group and registered within the Astana International Financial Center (AIFC) ecosystem. The fund's primary goal is to make long-term investments in digital assets and build strategic reserves. In the future, Alem Crypto Fund may also serve as a national savings tool, expanding the country's capacity for future financial management. The fund's strategic partner is Binance Kazakhstan, a locally licensed company within the global Binance ecosystem and a global leader in the digital asset industry. In partnership with Binance Kazakhstan, Alem Crypto Fund made its first investment in BNB, the native token of BNB Chain. BNB can be used to process transactions, pay fees, and participate in network governance. Flying Tulip, a new crypto project founded by Andre Cronje, has raised $200 million at a $1 billion valuation. Investors include Brevan Howard Digital, CoinFund, DWF Labs, FalconX, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital, and Virtuals Protocol. Flying Tulip aims to build an on-chain trading platform covering the entire DeFi space—including spot trading, derivatives, lending, stablecoins, and insurance—all under one unified system. FalconX Launches 24/7 Options Trading Platform, Initially Supporting BTC, ETH, SOL, and HYPE. FalconX, an institutional-grade digital asset prime broker, announced on Monday the launch of a 24/7 electronic options platform, designed to combine the scalability and efficiency of electronic execution with the customization of over-the-counter crypto options trading. Initially, the platform will support options trading on BTC, ETH, SOL, and HYPE. Crypto trading technology provider Talos is one of the first partners to integrate the solution via an API. FTX to Pay $5 Billion to Creditors: According to market news, FTX will initiate its first large-scale creditor repayment, involving over $5 billion in stablecoins. ApeX Omni is scheduled to undergo an upgrade on September 30th, and trading functionality may be unavailable. According to Golden Finance, ApeX Protocol announced on the X platform that ApeX Omni will undergo a service optimization upgrade at 02:15 AM UTC on September 30th. Trading functionality may be temporarily unavailable, and deposits and withdrawals may be delayed. Users are advised to manage their assets before the upgrade window. SWIFT will establish a blockchain-based ledger for financial firms. SWIFT, the Society for Worldwide Interbank Financial Telecommunication, will add a blockchain-based ledger to its infrastructure. Global financial institutions use SWIFT to send tens of millions of transaction instructions daily. In a statement on Monday, SWIFT said it has initiated work on designing and building the ledger with over 30 global financial institutions, including JPMorgan Chase, HSBC Holdings, Bank of America, and Deutsche Bank. The first prototype will focus on real-time, 24/7 cross-border payments and will utilize technology from Consensys, a US blockchain software company. The ultimate goal of SWIFT's blockchain-based infrastructure is to allow its members to use the network for transactions involving various digital assets, such as stablecoins, tokenized deposits, or other tokenized assets. Blockchain technology experiments, including those conducted by the Monetary Authority of Singapore's Project Guardian, have been ongoing for years. CoinShares: Digital Asset Investment Products Outflow $812 Million Last Week CoinShares released its latest weekly report, showing $812 million in outflows from digital asset investment products last week. Despite this, inflows of $4 billion so far this month and $39.6 billion year-to-date maintain strong momentum and could potentially match last year's record of $48.6 billion. Bitcoin saw $719 million in outflows this week. Ethereum saw an outflow of $409 million last week, bringing its $12 billion inflows year-to-date to a near standstill, with September inflows now at just $86.2 million. Solana performed particularly well, receiving $291 million in inflows, while XRP saw $93.1 million, likely driven by strong market anticipation for the upcoming launch of a US ETF. Federal Reserve Board Governor Waller stated that stablecoins should be subject to regulatory protections and have more payment options. Strategy purchased 196 Bitcoins last week for approximately $22.1 million. Strategy purchased 196 Bitcoins at an average price of $113,048 last week, for a total investment of approximately $22.1 million. As of September 28, Strategy's holdings reached 640,031 bitcoins, with a total investment of approximately $47.35 billion and an average holding cost of $73,983 per bitcoin. Amundi Increases Stake in Strategy Shares by Over $450 Million According to market news, French asset management company Amundi has increased its holdings in Strategy by approximately $452.44 million. The company currently holds 1.78 million shares of Strategy, valued at $571.8 million.
▌BitMine increased its holdings by 234,800 ETH last week, bringing its total holdings to 2.65 million ETH
Nasdaq-listed Ethereum treasury company BitMine Immersion Technologies disclosed updated cryptocurrency holdings. As of 7 p.m. Eastern Time on September 28, the company's holdings included 2,650,900 ETH (an increase of 234,846 ETH from 2,416,054 ETH when it was announced last week) and 192 Bitcoin. In addition, the company also held shares in Eightco Holdings worth $157 million.
▌Ethereum treasury company Bit Digital plans to raise $100 million through the issuance of convertible bonds
Ethereum digital asset company Bit Digital said on Monday that it has proposed to issue $100 million in convertible notes to purchase more ETH. The company stated in a statement: "The net proceeds from the offering will be primarily used to purchase Ethereum and may be used by the company for general corporate purposes, including potential investments, acquisitions, and other business opportunities related to digital assets." Bit Digital (ticker: BTBT) has filed a preliminary prospectus with the U.S. Securities and Exchange Commission. Barclays, Cantor, and B. Riley Securities are serving as lead underwriters for the offering. In June of this year, Bit Digital, founded in 2015, transitioned from a Bitcoin mining operator to a "pure-play" Ethereum staking and fund management company. 21Shares Submits Updated S-1 Amendment for Spot Solana ETF. According to official documents, 21Shares filed the fourth Amendment to its Form S-1 for the Spot Solana ETF with the U.S. Securities and Exchange Commission (SEC) on September 29, 2025. The filing includes 11 relevant documents, including an amendment to the trust agreement and the custody services agreement. Predictive Oncology plans to raise approximately $344 million through a rights offering to support the launch of the Aethir (ATH) Treasury. Nasdaq-listed Predictive Oncology announced plans to raise approximately $344 million through a rights offering in two private investment and public equity transactions to support the launch of the Aethir (ATH) Treasury. DNA Holdings Venture, Inc. will reportedly serve as strategic advisor to the digital currency treasury and financial advisor to the company's digital assets. Circle issues an additional 250 million USDC on the Solana network. According to Whale Alert, Circle minted an additional 250 million USDC on the Solana network at 20:44:02 yesterday.
Important Economic Dynamics
▌Federal Reserve's Mousallem: Open to future rate cuts, but believes caution is needed
Federal Reserve's Mousallem said that monetary policy is between moderate tightening and neutral; open to future rate cuts, but believes caution is needed; policy has limited room to maneuver before becoming too loose; inflation is expected to be above target for 2-3 quarters.
▌Federal Reserve's Williams: Signs of weakness in the labor market make me support a rate cut, and the estimate of the real neutral interest rate is 0.75%
Federal Reserve's Williams said on Monday that initial signs of weakness in the labor market prompted him to support a rate cut at the most recent Federal Reserve meeting. Williams said that "a slight reduction in interest rates makes sense" and that "a modest easing of some tightening measures" would help boost the job market and put some downward pressure on still-elevated inflation. He also said his model's estimate of the real neutral interest rate is 0.75%, but added that while the neutral rate is important, policy is driven by data. The U.S. Bureau of Labor Statistics has just released its contingency plan for a government shutdown, suspending all operations and refraining from publishing economic data. U.S. lawmakers are leaning toward forcing a federal government shutdown, which could deprive policymakers, business leaders, and investors of key data needed to assess the state of the U.S. economy. Stephen Stanley, chief economist at Santander Capital Markets USA, said the Federal Reserve's next meeting is on October 28-29, and without fresh government data, it would be difficult to justify another rate cut. Some officials are already cautious and want to see more data. Neil Bradley, chief policy officer of the U.S. Chamber of Commerce, said the government shutdown will not push the U.S. economy into a recession, but it will come at a cost and increase the uncertainty that businesses and business leaders are already dealing with. The probability of a 25 basis point Fed rate cut in October is 89.8%. According to CME's "Fed Watch," the probability of the Fed keeping interest rates unchanged in October is 10.2%, and the probability of a 25 basis point rate cut is 89.8%. The probability of the Fed keeping interest rates unchanged in December is 2.5%, the probability of a cumulative 25 basis point rate cut is 29.9%, and the probability of a cumulative 50 basis point rate cut is 67.6%. Golden Encyclopedia What is a multi-signature cold wallet? A cold wallet is a method of cryptocurrency storage that is kept offline and disconnected from the internet. This setup makes it more difficult for hackers to access funds remotely. By keeping private keys offline, cold wallets reduce the risk of cyberattacks such as phishing or malware. Multi-signature technology requires multiple private keys to approve transactions, while single-signature wallets only require a single key. Think of it like a joint bank account: any withdrawal requires approval from two or more signers. This additional layer of security means that even if a single key is compromised, an attacker cannot unilaterally transfer funds. Multi-signature cold wallets require multiple private keys from trusted parties to approve and authorize transactions, enhancing security by preventing a single point of failure. Despite their security advantages, multi-signature wallets are not immune to attacks. Hackers often exploit weaknesses in implementation, human behavior, or third-party services. To make multi-signature cold wallets more secure, use a higher signing threshold, implement multiple layers of authentication, and store keys in secure, geographically dispersed locations. Multi-signature cold wallets remain one of the best options for those looking to protect their cryptocurrency assets from theft and fraud. However, their complexity and potential vulnerabilities should not be ignored, especially in the context of supply chain attacks.
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