Summary
gm, Stripe and Paradigm unveiled Tempo, a purpose-built layer-1 blockchain for stablecoin transactions, and Fireblocks launched a dedicated stablecoin payments network connecting over 40 participants. These initiatives signal a maturing ecosystem as traditional financial companies invest in blockchain infrastructure for global payments. Meanwhile, the SEC released a crypto-friendly regulatory agenda that includes potential safe harbors and reforms for crypto assets, reflecting a significant shift in the agency's approach under new leadership. On the market front, Bitcoin briefly rallied above $113,000 before retreating below $111,000 following disappointing U.S. jobs data, while strong ETF inflows of $633 million over two days suggest continued institutional interest despite September's historically bearish pattern.

News Headlines
💰 Corporate Bitcoin Treasuries Reach 1 Million BTC, 5.1% of Total Supply

  • Corporate Bitcoin treasury adoption has reached 1 million Bitcoin ($111 billion), with MicroStrategy leading the charge holding 636,505 BTC. The count now includes 184 companies across various sectors.
  • This surge in corporate adoption is creating a demand shock that partially explains Bitcoin's recent price rally, with further accumulation expected in coming years from companies like Metaplanet and Semler Scientific.

🌐 Sora Ventures Launches $1 Billion Bitcoin Treasury Fund in Asia

  • Sora Ventures has announced a $1 billion Bitcoin treasury fund targeting the Asian market, with an initial $200 million already committed from institutional partners across Asia.
  • The fund aims to enhance Bitcoin adoption among corporate treasuries in Asia and create a centralized institutional vehicle to replicate successful Bitcoin treasury models globally, addressing growing institutional interest in Bitcoin.

🏦 Trump Media Finalizes $105M Cronos Token Purchase from Crypto.com

  • Trump Media & Technology Group has completed a $105 million deal to acquire 684.4 million Cronos (CRO) tokens, representing about 2% of the circulating supply, funded through a combination of cash and Trump Media stock.
  • The tokens will be stored with Crypto.com's Custody service, staked for revenue, and integrated into Truth Social platforms as part of a rewards system, with plans to potentially acquire up to 19% of CRO's supply long-term.

⚙️ Kraken Enters Proprietary Trading with Breakout Acquisition

  • Kraken has acquired Breakout, a Florida-based startup that provides traders with capital up to $200,000 based on their risk management skills, allowing them to retain up to 90% of profits.
  • This follows Kraken's earlier $1.5 billion acquisition of NinjaTrader and expands their trading infrastructure, aligning with broader trends of crypto exchanges bolstering their traditional finance tools and offerings.

🔒 "CopyPasta License Attack" Threatens AI Coding Tools Used by Crypto Firms

  • HiddenLayer researchers have discovered the "CopyPasta License Attack," which embeds malicious hidden prompts in innocuous files like LICENSE.txt, enabling hackers to manipulate AI coding assistants.
  • This raises particular concerns for companies like Coinbase that are increasingly relying on AI-generated code, highlighting the need for runtime defenses and rigorous review processes to counter prompt injection attacks.

Market Metrics

Fundraising & VC
1. Wildcat (Seed, $3.5M) - Decentralized lending protocol on Ethereum
2. PointsVille (Series A, Undisclosed) - One stop shop for loyalty and alternative asset digitization and management

Regulatory
🏦 SEC and CFTC Propose 24/7 Financial Markets to Match Crypto

  • U.S. regulators have proposed extending financial markets to 24/7 operation to align with the continuous nature of global and crypto markets.
  • The proposal includes easing regulations to allow event contracts on prediction markets and unrestricted trading of perpetual derivatives, reflecting the Trump administration's directive to relax crypto restrictions.

💰 Kazakhstan Pilots Stablecoin Payments for Regulatory Fees

  • Kazakhstan's Astana Financial Services Authority has launched a pilot allowing firms to pay regulatory fees using USD-pegged stablecoins.
  • Only licensed Digital Asset Service Providers can participate, with designated agents processing stablecoin payments and transferring equivalent fiat currency to the authority.

🔐 Elliptic Launches Stablecoin Crime-Tracking Tool for Compliance

  • Elliptic has developed a new compliance tool specifically designed to track criminal activity involving stablecoins like USDT and USDC.
  • The Stablecoin Issuer Due Diligence product helps financial institutions monitor stablecoin transactions as these assets gain mainstream adoption, with $94 billion traded in just 24 hours.

⚖️ South Korea Caps Crypto Lending Rates at 20%, Bans Leveraged Loans

  • South Korea's Financial Services Commission has restricted crypto lending to the top 20 cryptocurrencies by market cap and capped interest rates at 20%.
  • New regulations require first-time borrowers to complete training and mandate exchanges to notify users before forced liquidations, with lending services limited to exchange-owned capital.

💼 Senate Banking Committee Finalizes Updated Crypto Market Structure Bill

  • The Senate Banking Committee has completed a 182-page draft of the Responsible Financial Innovation Act of 2025, which includes protections for software developers.
  • Key provisions exempt certain participants from securities laws, clarify that NFT trading won't be classified as securities offerings, and state that validators won't need to comply with anti-money laundering regulations.

Technical Analysis
Bitcoin - Bitcoin has broken through the ceiling of a falling trend channel in the short term. This indicates a slower falling rate initially, or the start of a more horizontal development. The currency has support at points 107700 and resistance at points 113500. The currency is assessed as technically neutral for the short term.

Ethereum - Ethereum has broken through the floor of a rising trend channel in the short term. This indicates a slower rising rate at first, or the start of a more horizontal development. The currency is approaching support at 4130 points, which may give a positive reaction. However, a break downwards through 4130 points will be a negative signal. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The currency is overall assessed as technically slightly positive for the short term.