September 29, 2025

Crypto

Bitcoin’s 2025 “Uptober” has reignited interest in its autumn rise, hovering near $110,000—about ten percent below its yearly high—amid a mature market, volatile macroeconomics, and debate whether historic trends will spark a new rally.

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In the next few weeks, the SEC will review 16 spot‑crypto ETF proposals, potentially reshaping digital‑asset markets and boosting liquidity, pricing, and mainstream adoption for institutional and retail investors, affecting investor sentiments.

Bitcoin briefly surged past $112,000 early Monday, marking a rebound after a turbulent week, with an analyst proclaiming the sharp uptick as evidence that the cryptocurrency’s bull market remains alive.

U.S. Bitcoin ETFs dumped $418.25 million on September 26, the largest daily outflow ever, pushing a week‑long net outflow to $902.5 million after four weeks of inflows, amid a 5 % Bitcoin slump to below $110k.

ChinaAMC launched a $500 million tokenized money‑market fund on Ethereum, priced at $100 per token with a 0.05 % fee, targeting short‑term deposits. Limited to two holders, the rollout tests compliance amid tighter Chinese regulatory scrutiny.

Google has taken a 5.4% stake in Bitcoin miner Cipher Mining as part of a $3B deal to support Fluidstack’s AI data-center lease. The move signals a fast merging of AI infrastructure and crypto mining, with Cipher repurposing hash-optimized facilities for high-performance computing.

Arizona’s new law limits crypto‑ATM amounts to $2,000 for new users, $10,500 for existing, mandates on‑screen warning acceptance, 30‑day refund policy, receipts, blockchain analytics for fraud, giving the Attorney General power to investigate and sanction operators, while leaving kiosks open.

Australia’s regulator will require cryptocurrency exchanges to secure formal financial services licenses, imposing the same obligations as other licensed firms. This is expected to consolidate the roughly 400 AUSTRAC‑registered operators, many inactive, streamlining compliance but curbing competition.

SoftBank and Ark Invest target a Tether funding round. Kraken raises $500 million pre‑IPO, China opens a Digital Yuan center in Shanghai. Europe plans a euro‑stablecoin under MiCA, while Australia pushes stricter licensing for crypto firms.

Kraken raised $15 billion in July, raising valuation from $11 billion in 2022. Revenue hit $1.5 billion in 2024, volume $1.37 billion, behind Coinbase. It expands into stocks, bought NinjaTrader for $1.5 billion, and acquired a Cyprus firm for MiFID, pledging $2 million to pro‑crypto PACs.

Garlinghouse argues XRP will retain value through financial use, not speculation, citing cross‑bank liquidity and big correspondent banking reserves. Investors focus on upcoming SEC approvals for Spot XRP ETFs, potentially adding XRP to Bitcoin and Ethereum core, price near $2.79.

Solana, lacking ETFs and only five public holdings, trails Bitcoin (43 ETFs) and Ethereum (21 ETFs) but could rise with ETF approval. Telegram’s Snorter Token offers instant trades, 114% staking, low fees, projected $0.94 by 2025, yet remains speculative.

PlanD predicts Ethereum will rise, citing a recent symmetry triangle breakout to $4,953 and a potential $5,900 target after a $3,900 retest. Current price near $4,001, volume down, netflows bullish, suggesting accumulation.

Bitcoin adoption by nation‑states has reached final ramp‑up stages and is poised for a sudden, rapid uptake as governments decisively adopt the cryptocurrency soon, according to Samson Mow, a leading Bitcoin scholar.

Vanguard, managing $10T in assets, is exploring access to third-party cryptocurrency ETFs, signaling a shift in approach. Previously hesitant on spot Bitcoin ETFs, this move reflects growing institutional interest and could broaden crypto adoption in traditional investment portfolios.

Vitalik Buterin criticizes the EU’s Chat Control rule, claiming mandatory message scanning violates privacy, creates vulnerabilities, and enables disproportionate government access. He advocates sensible policing, while only seven EU members oppose, twelve support, rest undecided.