Summary
gm, Ethereum broke through to a new all-time high of approximately $4,879, fueled by Federal Reserve Chair Jerome Powell's dovish remarks at Jackson Hole indicating potential interest rate cuts in September. This announcement triggered a broad market rally, with Bitcoin surging to $116,000 and significant liquidations of short positions totaling over $340 million across cryptocurrencies. On the institutional front, Gemini secured a MiCA license in Malta, enabling expansion across 30 EU jurisdictions, while Singapore's DBS bank advanced blockchain adoption by moving structured note tokenization onto Ethereum's mainnet. Meanwhile, concerns about security remain prominent with reports of a $91 million Bitcoin theft through a social engineering scam, underscoring persistent vulnerabilities despite growing institutional involvement in the crypto space.

News Headlines
🌐 Jupiter Lend Readies for Public Beta Launch This Week

  • Jupiter, a key player in the Solana ecosystem, is launching Jupiter Lend, its first lending product built on Fluid's innovative liquidity/risk engine that allows borrowers to earn fees to reduce their debt.
  • The platform will introduce 'smart debt' to Solana users, potentially replicating Fluid's success on Ethereum where it generated $1.4 billion in active loans within a year of launch.

⚡ HBAR Surges 4% After Testing Key Support Levels

  • HBAR has shown strong recovery, rising 4% to $0.24 after testing key support levels around $0.23, bolstered by positive developments including SWIFT utilizing Hedera for blockchain trials.
  • Institutional interest is growing with Grayscale filing a Delaware trust related to HBAR, potentially setting the stage for a future ETF, while the favorable macroeconomic environment with expectations for rate cuts supports digital assets.

🚀 Bitcoin Price in Late Maturity Phase: Is the Bull Market Close to Ending?

  • Bitcoin has surged 700% from $15,500 to approximately $124,500 since November 2022, but on-chain metrics suggest the market may be approaching a peak within 2-3 months based on historical cycles.
  • Market researchers note Bitcoin has been in a profit supply phase for over 273 days (the second longest such period), with significant resistance at $114,000 and potential drop to $90,000-$100,000 if support at $110,000 breaks.

🏦 US Banking Regulator OCC Lifts Enforcement Order From Anchorage Digital

  • The Office of the Comptroller of the Currency has terminated its enforcement order against Anchorage Digital, recognizing the crypto bank's compliance with safety and soundness regulations.
  • This marks a significant regulatory milestone for Anchorage, which became the first federally chartered digital asset bank in 2021, and signals a positive shift in regulatory stances toward the cryptocurrency sector.

🔄 Why the $470 Million XRP Whale Unwind Is Not Cause for Panic

  • XRP whales have sold approximately $470 million worth of tokens in 10 days, causing a 20% price drop from $3.65, but analysts emphasize this isn't cause for alarm.
  • Steady trading volumes indicate strong demand from retail investors who are accumulating XRP, suggesting a redistribution of tokens rather than fear-driven selling, with key support identified at $2.78-$2.60.

Market Metrics

Fundraising & VC
No fundraising data today.

Regulatory
🚨 Interpol Arrests 1,200 Criminals in Crypto Clampdown

  • Interpol's Operation Serengeti 2.0 has led to the arrest of over 1,200 cybercriminals across 18 African countries and the UK, seizing approximately $97.4 million in cryptocurrency and other assets.
  • The operation dismantled 25 illegal crypto mining centers in Angola and uncovered a major investment fraud in Zambia that scammed 65,000 people out of $300 million in fake crypto investments.

🏦 OCC Lifts Enforcement Order From Anchorage Digital

  • The U.S. Office of the Comptroller of the Currency (OCC) has terminated its 2022 consent order against Anchorage Digital after the crypto bank successfully addressed anti-money laundering compliance issues.
  • This decision signals a potential shift in regulatory stances toward crypto banks, as Anchorage - the first federally chartered digital asset bank - can now operate without the additional oversight requirements.

📊 CFTC Launches Next Phase of Crypto Sprint for Broader Rules

  • The Commodity Futures Trading Commission has initiated the third phase of its "crypto sprint," expanding focus from spot crypto trading to include custody, leveraged retail trading, and consumer protections.
  • Acting CFTC Chair Caroline Pham emphasized that this effort aims to address fragmentation across state regulations and create a unified federal framework for digital asset markets, with stakeholder feedback due by October 20.

⚖️ Australia Orders Audit of Binance's Money Laundering Controls

  • AUSTRAC has mandated that Binance Australia appoint an external auditor to address significant flaws in its Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) controls.
  • The Australian regulator cited concerns about high staff turnover and insufficient senior management oversight as factors that raise doubts about Binance's governance and compliance practices.

💰 Philippine Lawmaker Proposes $1.1B Strategic Bitcoin Reserve

  • Representative Migz Villafuerte has introduced the "Strategic Bitcoin Reserve Act," proposing that the Philippines' central bank purchase 10,000 Bitcoin (worth approximately $1.1 billion) over five years.
  • The legislation would require the Bitcoin to be held in trust for at least 20 years and only accessed for retiring government debt, potentially positioning the Philippines ahead of other Southeast Asian nations in Bitcoin holdings.

Technical Analysis
Bitcoin - Bitcoin has broken the floor of the rising trend channel in the short term, which indicates a weaker initial rising rate. The currency has met the objective at 116746 after a break of the inverse head and shoulders formation. The price has now fallen, but the formation indicates further rise. The currency has support at points 113500 and resistance at points 117400. The currency is overall assessed as technically slightly positive for the short term.

Ethereum - Ethereum is in a rising trend channel in the short term. Rising trends indicate that the currency experiences positive development and that buy interest among investors is increasing. The currency is testing resistance at points 4770. This could give a negative reaction, but an upward breakthrough of points 4770 means a positive signal. The currency is assessed as technically slightly positive for the short term.