Summary
gm, Cboe Global Markets announced plans to launch 10-year continuous Bitcoin and Ethereum futures in November, offering U.S. traders perpetual-style contracts without traditional expiration dates. Institutional crypto adoption continues to advance as Binance and Franklin Templeton ($1.6 trillion AUM) formed a partnership to develop tokenized asset products, while SEC Chair Paul Atkins made a landmark statement indicating that "most tokens are not securities." On the corporate front, Ethena and PayPal joined the competitive bidding for Hyperliquid's USDH stablecoin, with Native Markets currently leading validator support, while Gemini raised its IPO pricing to target a $3+ billion valuation amid strong investor demand.

News Headlines
🎮 Gachapon on the Blockchain Reaches $100M Market

  • Blockchain-based platforms offering randomized collectibles similar to Japanese Gachapon machines have surged in popularity, with spending increasing from $10.4 million in January to $61.1 million by August.
  • Platforms like Courtyard and Collector Crypt tokenize collectible cards as NFTs and sell them as randomized items for stablecoins, though a small percentage of users contribute heavily to total revenues.

⚡ Optimism Scores $5M+ Ronin Deal for L2 Tech

  • Optimism has secured a deal worth over $5 million with gaming-focused blockchain Ronin, allowing it to transition from an Ethereum sidechain to a full Ethereum Layer 2 solution after competitive bids from other L2 providers.
  • The agreement consists of 5 million OP tokens tied to revenue targets, with Ronin's co-founder emphasizing that the upgrade will introduce Proof of Distribution to promote enhanced rewards for builders.

💰 Bitcoin Miners Surge Following Microsoft's $17.4B AI Bet

  • Crypto mining stocks saw significant gains after Nebius Group agreed to supply Microsoft with $17.4 billion worth of GPUs for AI infrastructure, with companies like Bitfarms rising 22% despite Bitcoin's 1% decline.
  • This market shift reflects growing investor interest in mining companies' computing capabilities beyond Bitcoin, as miners explore new revenue paths including leasing capacity to tech giants entering the AI sector.

🌉 Kraken Launches Tokenized Stocks in Europe with xStocks

  • Kraken has expanded its xStocks platform to the European Union, enabling investors to trade tokenized U.S. stocks and ETFs without traditional brokers.
  • Operating on the Solana blockchain, these tokenized certificates track popular US equities and allow users to move assets freely, with trading services available 24/5 and designed to integrate with DeFi protocols.

🔍 Widespread Crypto Exploit Creates Panic But Steals Only $1K

  • A major supply chain attack targeting JavaScript packages has caused widespread concern in the crypto community, though it reportedly netted only $1,043 in stolen funds.
  • The malware, introduced into popular npm packages, could activate APIs and alter cryptocurrency transaction data to redirect funds. Despite affecting approximately 10% of cloud environments using these packages, the financial impact remained limited due to swift detection.

Market Metrics

Fundraising & VC
1. Intuition (Public Token Sale, $2.13M) - Native chain for information finance
2. Gyld Finance (Pre-seed, $1.5M) - Institutional marketplace for staked digital assets

Regulatory
🚀 REX-Osprey Crypto ETFs Set to Launch This Week

  • REX and Osprey are set to launch new cryptocurrency ETFs by Friday, having cleared the SEC's 75-day review window, according to Bloomberg Intelligence analyst Eric Balchunas.
  • The lineup includes ETFs focused on Bonk, Trump, Bitcoin, XRP, and Dogecoin, all organized under the Investment Company Act of 1940, which provides a simpler path to market.

🌏 Japan to Slash Crypto Tax Rate to 20%

  • Japan will introduce a flat 20% tax rate for digital assets by fiscal year 2026, replacing the current progressive rates that can reach up to 55%, aligning crypto taxation with traditional equities.
  • Key reforms include new safeguards against insider trading and implementation of three-year loss carry-forward provisions to enhance portfolio management for investors.

🏛️ South Korea Lifts Ban on Crypto Venture Status

  • South Korea is removing restrictions that previously prevented crypto businesses from obtaining venture company status, giving them access to valuable tax breaks and financing support.
  • The regulatory change, effective September 16, modifies the Enforcement Decree of the Venture Business Act and is expected to significantly boost growth in the crypto and blockchain sectors.

🔍 DOJ Moves to Recover $12M in USDT from Crypto Scam

  • Federal prosecutors in Albany filed a civil forfeiture complaint to recover over $12 million in Tether's stablecoin linked to an investment fraud scheme targeting Mandarin-speaking victims.
  • The scam involved a spoofed trading platform called ShakepayEX that enticed victims through unsolicited text messages, leading to total losses exceeding $10 million.

📊 Bitcoin Falls on Dismal US Jobs Data, but Q4 Rally to $185K Still Possible

  • Bitcoin's price dipped following a historic downward revision of US payroll data that removed 911,000 jobs from earlier reports, signaling a troubling labor market.
  • Despite the short-term decline, analysts suggest Bitcoin could surge to between $167,000 and $185,000 in Q4 if the Fed implements expected rate cuts, as liquidity conditions improve and correlations with market liquidity hold.

Technical Analysis
Bitcoin - Bitcoin is in a falling trend channel in the short term. Falling trends indicate that the currency experiences negative development and falling buy interest among investors. The currency has broken up through resistance at points 113500. This predicts a further rise. In case of negative reactions, there will now be support at points 113500. The currency is assessed as technically positive for the short term.

Ethereum - Ethereum has broken the floor of the rising trend channel in the short term, which indicates a weaker initial rising rate. The currency is testing support at points 4300. This could give a positive reaction, but a downward breakthrough of points 4300 means 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 positive for the short term.