Stablecoins
Payments
Stablecoin cards enter ‘hyper growth’ mode as monthly spending hits record $1.17 billion
Stablecoin cards processed more money through fewer payments in September, lifting average transaction size.
Derivatives
Anthropic tokenized pre-IPO volume hits $643M, but liquidity test looms
Anthropic pre-IPO perps hit $643 million in September volume as traders position for a future stock-market price.
ETF
Bitcoin could put the average ETF buyer back in losses this week
A roughly 2% decline would take BTC below the estimated $81,722 cost basis just as inflation and jobs data hit markets.
Digital Asset Treasuries
BitMine nears 5% Ethereum threshold, yet stock valuation rules dictate its next move
A $280 million gap separates the company from its target, but future purchases must increasingly compete with buybacks and yield.
Market
Altcoin spot volume nears 4x Bitcoin’s as ETF inflows shrink across five sessions
Wintermute saw retail clients sell Bitcoin to fund altcoin bets, while US spot Bitcoin ETFs drew $2.4 billion over five sessions of shrinking daily inflows.
Market
Bitcoin’s $85,000 test comes as Wall Street gets two different inflation stories
A soft August PCE print could lift BTC before September factory inflation forces traders to rethink the Fed path.
Regulation
SEC clears regulatory hurdle as crypto token buybacks hit record $638 million
Token buybacks hit a record $638 million as new SEC guidance gives mature networks more room to repurchase their own assets.
Legal
Nearly $15B is moving off LayerZero, now a $292M lawsuit puts its security model on trial
KelpDAO’s $292 million lawsuit against LayerZero tests who bears the loss when customer-set security and provider infrastructure fail together.
Regulation
Kalshi must lock out state users after major court loss
A second appeals court backed state control of Kalshi’s sports contracts, exposing 69% of its modeled retail demand.
Market
Why surging US real yields are quietly forcing Bitcoin under $84,000
Bitcoin’s $84,000 support faces mounting pressure as US Treasury yields hit 5.11%, with Glassnode identifying $77,000 as the next major downside level.
Derivatives
Altcoin demand meets $18B threat as flows move into RWA perps as just 19% of traders keep alts
RWA perps filled a crypto-volume gap while Hyperliquid cohorts remained mostly segmented by their entry market.
Market
Bitcoin faces $16 billion options expiry Friday, then two more tests hit the rally
Bitcoin’s $16 billion options expiry sets up fresh volatility as hedging shifts and US economic data hits.
