Here’s the latest on crypto as of today:
---
🔍 Market & Macro Highlights
Political headwinds: The U.S. faces a possible government shutdown if Congress fails to pass funding by midnight. This uncertainty has added volatility to risk assets, including crypto.
ETF inflows: The Invesco spot Bitcoin ETF saw an inflow of about $35.3 million today, signaling continued institutional interest in regulated crypto exposure.
Visa experiment: Visa is piloting stablecoin prefunding for cross-border payouts, which may streamline remittance and payments infrastructure.
Crypto regulation talk: The outgoing head of NY DFS supports a U.S.–UK “crypto passporting” regime to ease cross-border operations for crypto firms.
---
🛠 Ecosystem & Protocol Developments
Ethereum “Fusaka” testnet launch is imminent (Oct 1). Fusaka aims to improve scalability and user experience in the long term.
Bybit Kazakhstan starts a pilot for QR-based digital asset payments under the NBK sandbox, a sign of on-the-ground adoption of crypto in payments.
Sonic Labs leadership change: Mitchell Demeter becomes CEO, and the community is watching for strategic direction changes.
---
📉 Price Outlook & Risks
Bitcoin is down ~0.4% intraday and trading in a volatile range between ~$112,000 and ~$114,500.
Ethereum is also slipping, losing ~2.3% today.
Key support for BTC lies around $109,000; if that fails, we could see a pullback to lower ranges. But a rebound above $114.5K might reignite momentum.
Market watchers are cautious: low trading volumes + macro uncertainty = potential for sharp swings.
---
If you like, I can also pull up top gainers/losers, altcoin snapshots, or technical charts. What do you want next?