BTC ALMOST $120K, CRYPTO IS GREEN, PNKSTR JUMPS 50% TO $140M
Crypto majors see extra inexperienced; Bitcoin at $118,800. ZCash continues to guide, hovering 50% to $140. US authorities shutdown pauses ETF approvals. Lighter leaves personal beta, opens Perps platform to public. Polymarket eyes US return as quickly as in the present day. PNKSTR jumps 50% to $140M as different NFT Methods increase. Crypto majors are inexperienced once more persevering with the shutdown rally; BTC +2% at $118,800, ETH +2% at $4,380, XRP +1% at $2.99, SOL +4% at $225. ZEC (+50%), DEXE (+30%) and SPX (+17%) led prime movers. Zcash rocketed ~63% to a three-year excessive, as merchants (and Naval) pitch privateness coin as “insurance coverage” hedge throughout Bitcoin power. BTC ETFs noticed one other $675.8M in web inflows, now over $1.6B on the week to date. MSTR inventory jumped 5% yesterday after Technique prevented a multi-billion AMT (tax) hit after new IRS/Treasury steerage, easing considerations over taxes on unrealized positive aspects tied to its Bitcoin holdings. Polymarket is poised to relaunch for U.S. customers inside days, as filings present self-certified contracts after buying a CFTC-licensed venue. Circle launched a brand new tokenized US Treasury fund USYC on Solana. The UK authorities seeks to maintain most of $7B in Bitcoin it simply seized linked to large Chinese language fraud. The White Home withdrew Brian Quintenz for CFTC chair, reopening management questions on the derivatives regulator amid lively crypto agenda. New York is working a pilot to provide low earnings residents $12,000 in USDC to assist alleviate poverty, with funding supplied by Coinbase. VisionSys AI is partnering with Marinade Finance to launch a SOL TreasuryCo, aiming to accumulate $500M in SOL over the subsequent 6 months (and stake it) with bigger objectives to build up as much as $2B. The US authorities shut down has halted the ETF approval course of, diminishing hopes of any early October approvals (i.e. for SOL.
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