📢 A U.S. regional banking association has filed a lawsuit against the Office of the Comptroller of the Currency (OCC), one of the country's primary financial regulators.
The dispute centers on the agency's decision to grant limited purpose trust charters (national bank charters) to cryptocurrency companies.
Representatives of the traditional financial sector argue that this practice sets a dangerous precedent.
These charters provide crypto startups with federal status and legitimacy, granting them access to classic settlement infrastructure.
At the same time, these digital companies remain exempt from key requirements mandatory for traditional banks: strict capital reserve standards, consolidated oversight by the Federal Reserve, and federal deposit insurance mechanisms (FDIC).
According to the plaintiffs, this approach not only creates unfair regulatory competition but also poses a direct threat to systemic stability.
The bankers are demanding the court annul the OCC's current guidelines, insisting that the crypto industry should not receive the privileges of the traditional financial system without fully accepting all associated costs and security guarantees.
🪙 The Citi research team, led by Alex Saunders, has officially raised its base target for the flagship cryptocurrency to $113,000.
The primary focus is on the continued expansion of institutional capital. According to the bank's estimates, net inflows into spot Bitcoin ETFs will reach around $5 billion over the next 12 months, creating sustained buying pressure.
Analysts' confidence was bolstered by Bitcoin successfully breaking and holding above the 200-day moving average. This is a crucial long-term trend indicator; breaking through it traditionally triggers a sharp improvement in market sentiment.
The forecast is perfectly timed at the start of the historically strong fourth quarter for crypto (the so-called "Uptober"), a period when digital assets statistically deliver their highest returns.
This report is yet another clear confirmation that major Wall Street players no longer view levels above $100,000 as a fantasy. Instead, they are systematically factoring six-figure BTC prices into their baseline investment scenarios.
📢 For the first time in decades, the U.S. SEC has begun modernizing its rules for transfer agents—the institutions responsible for keeping track of securities owners and registering property rights.
The existing regulatory framework was built back in the era of paper certificates and faxes, turning it into the primary operational bottleneck on Wall Street's path toward massive blockchain adoption and the tokenization of real-world assets (RWAs). Ultra-fast blockchain settlements are colliding with outdated regulatory requirements for recording ownership, creating the risk of systemic failures as the volume of tokenized securities grows.
Updating these rules will allow transfer agents to legally use distributed ledgers and smart contracts as official record-keeping systems. This removes a crucial legal barrier for major institutional players, enabling them to fully integrate traditional financial market infrastructure with cryptographic settlement networks without the risk of drowning in bureaucratic conflicts.
🚀 Bitcoin is showing immense strength, outperforming gold amid macroeconomic shifts and rising bond yields that traditionally weigh on the precious metal. This quarter, BTC has surged over 40%, leaving gold and the S&P 500 behind.
According to analysts (including Fidelity experts led by Jurrien Timmer), a classic "double bottom" (W-shaped) pattern has formed on the chart. A successful breakout from this setup confirms the end of the downtrend and opens a clear technical path toward the milestone $100,000 mark.
The derivatives market is seeing massive interest in bullish options. Specifically, call options (bets on price increases) hold massive volumes: options with a $95,000 strike hold about $2.33 billion, while the $100,000 strike holds roughly $1.79 billion.
Bitcoin is on track to break a multi-year trend (active since 2013) where a strong August was always followed by a losing September. The final days of the month cement a rare three-month winning streak (July–September).
The market is heavily positioning itself for a continued massive bull run, with technical and institutional factors making the $100,000 mark a realistic target for major players rather than just a crypto enthusiast's dream.
💳 Goldman Sachs is integrating its massive $100 billion FTIXX treasury fund directly into digital asset market plumbing via the Lynq settlement network.
Unlike other Wall Street giants (such as BlackRock's BUIDL or Franklin Templeton's BENJI), Goldman Sachs is not issuing a dedicated blockchain version or tokenized wrapper of the fund. Instead, the traditional financial instrument itself is being plugged into crypto-native workflows.
The fund is integrated into the Lynq network (powered by an Avalanche Layer 1 private blockchain), with transactions facilitated by SEC-regulated broker-dealer tZERO Securities.
Major market makers and crypto funds (including Wintermute, B2C2, FalconX, Crypto.com, and Fireblocks) operating on the platform frequently hold massive amounts of idle cash between trades. They can now park this liquidity directly into Goldman's secure treasury assets, earn yield, and instantly redeploy capital back into trading.
Strict compliance applies—access is gated, requiring proper onboarding through tZERO Securities and adherence to U.S. regulatory standards.
This marks a major step in merging traditional finance and crypto market "plumbing," allowing institutional capital to flow and earn yield with unprecedented efficiency.
Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor posted a chart on X captioned “Even more orange.” Each orange dot on his charts traditionally marks a Bitcoin purchase, with the dot's size reflecting the buy volume.
• Such posts often serve as unofficial teasers ahead of the company's official US regulatory filings, typically released on Mondays. Last week, a similar tweet preceded the announcement of a 950 BTC purchase.
• Alongside crypto acquisitions, Strategy spent $174 million last week buying back its STRC preferred dividend-paying shares. This amount is more than double what it spent on its latest Bitcoin buy ($76 million).
• The market is awaiting today's official filing to confirm the new purchase volumes. The company's current treasury holds 846,000 BTC at an average cost of approximately $75,416.
Binance has invested $100 million in Circle (the USDC issuer) and signed a new commercial agreement to promote the stablecoin on its platform.
The strategic goal of this partnership is the aggressive expansion of USDC across emerging markets. This distributor-shareholder model financially incentivizes the exchange to boost the stablecoin's liquidity.
The integration is already showing results: the number of USDC spot trading pairs on Binance has grown from 140 to 329. Average monthly trading volume for these pairs doubled from $20–40 billion to over $80 billion, with daily volumes stabilizing at $5–10 billion.
Meanwhile, Circle is expanding its off-exchange infrastructure by acquiring the Singapore-based payment startup Tazapay for $400 million to broaden banking gateways in Asia.
Analysts suggest that this alliance between the largest crypto exchange and the USDC issuer will increase pressure on Tether (USDT) in the stablecoin dominance race. USDC's current market cap sits at roughly ~$75 billion, nearly half of USDT's ~$183 billion.
Experts note that dethroning Tether in the short term will be challenging due to established user habits and deep local USDT liquidity across various markets.
🚨 The largest crypto hack of 2026: Bitget loses $351.6 million
Hackers stole approximately $351.6 million in assets, making this incident the largest crypto exploit of the entire year.
The attackers did not steal private keys. Instead, they compromised the hot wallet backend infrastructure, falsified internal transaction histories, and fraudulently initiated withdrawals.
The primary targets were AVAX, BNB, ETH, and stablecoins (USDC, USDT). The hackers immediately began converting the funds to Ethereum via bridges to complicate tracking. Analysts at Arkham Intelligence were the first to spot the massive on-chain anomaly.
Bitget management has temporarily suspended withdrawals to conduct security checks. Cold wallets, which hold the vast majority of assets, remain unaffected. Trading and deposits continue to function normally.
Exchange CEO Gracy Chen officially guaranteed that 100% of user losses will be fully covered by the User Protection Fund. The fund's current reserves exceed $464 million, allowing the exchange to close the financial gap independently.
Cybersecurity experts suspect that North Korean-linked hacker groups orchestrated the exploit.
Today, September 25, the crypto market is going through one of the major macro events of the third quarter. Long-term Bitcoin and Ethereum options are expiring on the platform Deribit.
Why does this matter for the price right now? The key metric for such events is the "max pain" point. This is the price level at which the majority of options buyers lose money, while large market makers maximize their profits. Currently, for Bitcoin, this zone is in the $72,000 – $75,000 range.
However, the actual BTC price is holding significantly higher (around $84,000). Right up until the contracts close, major players are forced to actively hedge their risks, which often restrains or distorts natural price movements.
Once the options expire, this pressure barrier will disappear. Historically, the closing of quarterly contracts of this magnitude triggers sharp spikes in volatility.
📢 White House defends Trump's crypto ties amid Clarity Act stalemate
White House crypto advisor Patrick Witt issued a sharp statement defending President Donald Trump against accusations that his personal interests in the industry caused the Digital Asset Market Clarity Act to be blocked in the Senate.
Statements:
Unprecedented concessions: According to Witt, Trump made historic compromises on ethics issues. The President agreed to terms that would have forced him to sell his crypto assets or place them in a "blind trust." Furthermore, the administration was willing to allow state attorneys general to sue the federal government for failing to police ethics violations.
Hypocrisy in the Senate: The advisor called the Democrats' position politicized, using Trump's ties as a political weapon. He highlighted the irony of senators on banking committees accusing the president of a conflict of interest while actively trading stocks of the very financial companies they regulate.
Hidden factor (Banking lobby): Beyond politics, strong resistance came from the traditional financial sector. Major banks feared competition from stablecoins — in their view, yield-bearing digital asset programs could trigger a massive outflow of deposits. Witt called these fears "entirely hypothetical and speculative."
Shift in regulatory focus: Witt noted that the chances of advancing the bill before the end of the year during the "lame duck" session are practically exhausted. Due to this stalemate, the primary power and authority in shaping rules for the crypto market now shift to federal agencies — the SEC and CFTC.
Canada's six largest banks have officially teamed up to develop a system for tokenized deposits pegged to the Canadian dollar (CAD).
The joint venture includes the dominant institutions in the country's financial system: Bank of Montreal, CIBC, National Bank of Canada, Royal Bank of Canada (RBC), Scotiabank, and TD Bank Group. Other banks may join at a later stage.
Tokenized deposits will represent a digital form of actual client funds already held in the banks, unlike independent stablecoins issued by crypto companies. All liquidity will remain entirely within the strictly regulated banking system.
At launch, the project will focus on testing the instant transfer of tokens between participating banks. Implementing a unified system will enable 24/7 programmable payments, removing the limitations of traditional banking hours.
Canadian banks are reluctant to cede blockchain operations to private stablecoin issuers. This move aligns with a broader global trend where similar closed institutional networks are already being developed by JPMorgan, Citi, and Wells Fargo, as well as being tested by the Swift system for cross-border transfers.
The initiative is a logical continuation of the spring experiment "Project Samara," during which the Bank of Canada, in collaboration with RBC and TD, successfully issued and settled 100 million CAD (about $71 million) in bonds using distributed ledger technology.
The creation of a shared blockchain platform by major national banks indicates that the traditional fiat sector is gearing up for full integration with distributed ledger technologies to maintain institutional control over the next generation of financial flows.
📢 Bitcoin aims for $90,000: Massive short squeeze and traders' warnings
Breakthrough to new highs: Bitcoin successfully broke through the $86,000 level, hitting an 8-month high (since late January 2026). Bitcoin Index (XBX), the asset's daily growth exceeded 6.6%, reaching $86,516 (on some trackers, the price momentarily touched $87,000).
Fuel for growth (Short squeeze): The current powerful price momentum is largely driven by the mass liquidation of short positions. Sellers who bet on a decline are being forced to urgently buy back coins, thereby pushing the quotes even higher.
Hidden threat (Rising leverage): Despite the positive dynamics, professional traders are sounding the alarm. High-leverage open interest is rapidly accumulating in the derivatives market. A rally driven primarily by margin trading makes the market overheated and highly vulnerable to cascading liquidations in the event of a local correction.
Condition for testing $90,000: analysts emphasize that further movement toward the $90,000 level depends on the inflow of real capital. If organic demand from spot buyers does not support the current derivatives-driven rally, the asset may fail to hold its newly gained heights.
🚀 Bitcoin's market cap surpasses Tesla and Samsung
Bitcoin has returned to the top 15 largest assets on the planet, overtaking two global tech giants in market value.
The market value of the first cryptocurrency reached $1.615 trillion (hitting up to $1.63 trillion during the weekend's local peaks).
Bitcoin surpassed Tesla ($1.438 trillion) and Samsung ($1.237 trillion).
In the list of the world's largest assets by CompaniesMarketCap, BTC now confidently holds the 13th place, pushing Tesla down to 14th and Samsung to 15th.
The market cap growth was a direct result of the recent price momentum, during which the asset consolidated above $81,000, reaching a local weekend high of $81,914.
Amid this news, MicroStrategy founder Michael Saylor once again emphasized that with a valuation of over $1.6 trillion, Bitcoin no longer needs to become a daily medium of exchange — its primary function is reliable long-term wealth preservation.
Large players have resumed aggressive Bitcoin buying after several days of continuous capital outflows.
The main growth driver was BlackRock's IBIT fund, which attracted +$183.7M. The giant's confidence in the asset outweighed profit-taking in smaller funds.
The total net inflow into spot BTC ETFs over the past 24 hours reached +$159.5M, breaking the previous selling streak.
Institutions remain cautious regarding Ether. Ethereum ETFs recorded outflows for the third consecutive session, with daily withdrawals amounting to -$39M.
The return of institutional buying helped Bitcoin secure its position above $80,000 – $81,000, triggering a massive short squeeze and liquidating over $200M in short positions.
A fresh analytical report and data from JPMorgan have made waves in the market.
1. Long-Term Valuation («Fair Value») of $266,000 The bank's internal valuation model estimates Bitcoin's potential («fair value») at $266,000. This figure is based on a comparison between Bitcoin and gold—analysts recalculate BTC's market capitalization adjusted for how much private capital investors put into physical precious metals (bars and coins). If the level of trust and investment in Bitcoin matches that of gold, its price would multiply significantly.
2. Inflows Comparison: Bitcoin ETFs vs. Gold The report highlights an interesting trend: traditional gold ETFs have fully recovered (regained 100%) all capital outflows for the year, whereas Bitcoin ETFs have only recovered about half. Because of this, institutional short interest and hedging in crypto ETFs remained high (for instance, short positions on the IBIT fund reached local peaks).
3. Why Is the Price Currently Below the Model? Analysts emphasize that $266k is not a speculative target for the immediate future, but rather a long-term benchmark. Currently, the market is constrained by regulatory headwinds in the US (stalled legislation) and a period of capital reallocation. However, once defensive hedging and selling pressure subside, Bitcoin's risk-to-reward ratio will become extremely attractive for medium-term growth.
While the market is digesting the Fed rate hike and the stalled CLARITY Act in the Senate, a massive fundamental positive has arrived from Washington. The House Financial Services Committee concluded its first round of hearings and gave preliminary approval to H.R. 8957 (the Strategic Bitcoin Reserve bill).
Here is a breakdown of what is inside this historic document and why it matters so much:
What is the core of the initiative?
The bill proposes the creation of an official state reserve for the flagship cryptocurrency. It will be managed directly by the US Treasury. Bitcoin is effectively being equated to the country's strategic reserves.
Who is paying for it?
The most elegant part of H.R. 8957 is its funding mechanics.
No taxes or loans: The government will not spend taxpayer money or borrow to buy crypto on the open market.
Putting seized assets to work: The reserve will be formed exclusively from digital assets confiscated by US federal law enforcement. Instead of auctioning off coins seized from hackers and dumping the price (as happened previously), the government will send them into long-term hold.
Market Reaction and Consequences
This news acted as an excellent balancer. It was the progress on H.R. 8957 that helped smooth out the negativity from the CLARITY Act's failure and keep BTC quotes above $76,500 after the Fed's hawkish rate decision.
What this means globally: Even preliminary approval at the Congressional committee level is a colossal paradigm shift. If the US officially begins accumulating Bitcoin on the Treasury's balance sheet, it will trigger a domino effect among other central banks worldwide (national FOMO).
The main economic expectation of the week has been confirmed. Last night, the Federal Reserve unanimously voted to raise the benchmark interest rate by 25 basis points to a target range of 3.75% – 4.00%.
This is the first rate hike under the new Fed Chair Kevin Warsh, and the first increase overall in the last three years.
The regulator took this step to curb stubborn inflation fueled by rising energy prices.
🪙 Crypto Market Reaction: Drawdown and Liquidations
The double blow—the Fed rate hike and the stalling of the CLARITY Act—has put heavy pressure on digital assets.
Bitcoin (BTC) momentarily dropped to the $75,500 mark but recovered slightly by this morning, attempting to consolidate in the $76,000 – $77,000 range.
Ethereum (ETH) also experienced a downturn and is currently trading in the $2,400 – $2,500 corridor.
During the sharp market swings, hundreds of millions of dollars in traders' margin positions were forcibly closed (liquidated), hitting both longs and shorts.
🏛️ Industry Outraged Over CLARITY Act Blockage
The crypto community continues to digest the stalling of the highly anticipated bill in the US Senate. Galaxy Digital CEO Mike Novogratz harshly criticized the event, calling it a massive step backward for the entire American industry. The market spent about 18 months working with politicians, but due to disagreements between Democrats and Republicans over ethical restrictions (including those concerning President Trump and his family), the establishment of transparent rules of the game has been delayed indefinitely.
⚡After failure of the key crypto bill in the US Senate, investors' attention has sharply shifted.
⛔ CLARITY Act Fails, the US Senate failed to overcome the procedural hurdle for the bill . Advancing the document required 60 votes, but the initiative only gathered 49. The main stumbling block was disputes over ethics rules for politicians. The legalization of crypto and the influx of major institutional money are delayed indefinitely.
👀 Now all eyes are on the Fed (FOMC) interest rate decision!
When: 16 september at 2:00 PM Washington time.
Expectations: Market participants are pricing in an 87% probability of a 25 basis point rate hike. US Treasury yields are already approaching 5%, which traditionally puts pressure on high-risk assets, including crypto.
Market Status: Bitcoin is currently holding in the $75,700 – $77,200 range, while Ethereum has paused around $2,400 awaiting the verdict.
💡 What This Means: The lack of regulatory clarity (due to the CLARITY Act's failure) leaves the crypto market highly vulnerable to macroeconomic news. If Jerome Powell announces a hawkish monetary policy today, we are in for heavy volatility.
🚨 Today, the US Senate will hold a critical procedural vote on the CLARITY Act, which aims to become the first comprehensive federal regulatory framework for the crypto industry.
Core of the CLARITY Act:
The document (Digital Asset Market Clarity Act) seeks to clearly divide oversight authority over digital assets between two agencies: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
Depending on their underlying structure, tokens will be classified either as securities or commodities.
It introduces a "blockchain maturity test" mechanism. If a cryptocurrency network can prove its decentralization, its tokens can transition from strict SEC oversight to CFTC jurisdiction.
Centralized platforms (exchanges, brokers) will face new obligations regarding registration and consumer protection.
Latest Amendments and Ethics Rules: Ahead of the vote, Republican senators released an updated draft of the bill to secure Democratic support.
Unprecedentedly strict rules preventing conflicts of interest have been integrated into the text. The restrictions will apply to the sitting President, federal officials, judges, and their spouses.
The "ethics sunset" provision has been completely removed, making the bans permanent and broader in scope.
State Attorneys General are now empowered to monitor and enforce compliance with these ethical restrictions.
US President Donald Trump has endorsed these new provisions and voluntarily agreed to the proposed restrictions.
Reactions and Chances of Passing:
Investor Optimism: Bernstein analysts report "new momentum" for the bill. Since Republicans have included numerous Democratic amendments and agreed on the ethics package, the chances of the legislation passing the Senate have increased.
State Resistance: New York Attorney General Letitia James criticized the current version of the document. She warned that the CLARITY Act would blur existing rules and seriously complicate local authorities' efforts to combat cryptocurrency fraud.
❗ Circle Acquires Tazapay for $400M: The Battle for Emerging Markets
USDC stablecoin issuer Circle is acquiring Singapore-based payment platform Tazapay for $400 million.
Key details and strategic significance of the deal:
"Last-Mile" Infrastructure: Circle instantly gains access to local payment gateways and banking connections in over 100 countries. Building these channels and securing licenses from scratch would have taken the company years.
A Direct Strike at Tether (USDT): Historically, USDC has dominated developed countries (US, Europe), while Tether holds the lead in emerging markets (Asia, Latin America, Africa). Tazapay’s base in the Asia-Pacific region allows Circle to aggressively push into its main competitor's territory. Ready-Made Transaction Volumes: Tazapay already processes over $25 billion in cross-border payments annually. Notably, about 60% of this volume is already tied to stablecoin usage.
A New Standard for B2B Settlements: The overarching goal of the acquisition is to make USDC the default tool for instant cross-border commercial payments, operating 24/7 without being restricted by traditional banking holidays.