Market situation:
- Bitcoin around $110,912;
- Ethereum around $4,310;
- Fear and greed index: 48;
- Bitcoin dominance: 58.62%;
- Altseason index: 59;
- Market capitalization: $3.77 trillion.
- Outflow of BTC ETF $160.1 million.
- Outflow of ETH ETF $446.8 million.
Crypto:
💵 Whale reserves have decreased by more than 100,000 $BTC in the last 30 days (a record since 2022).
👍 79,000 BTC (~$8.87 billion) withdrawn from exchanges in a month.
✨ Three new whales bought ETH for $230 million.
🤫 SharpLink Gaming plans to stake part of its ETH assets worth $3.6 billion on the Linea network following the mainnet launch on September 10.
😥 StablecoinX attracted an additional $530 million, bringing total PIPE funding to ~$895 million, while Ethena Labs will be buying ENA for $5-10 million a day depending on the token price.
‼️ SEC and CFTC proposed a '24/7 markets' policy for round-the-clock trading of securities to align with cryptocurrency and global markets, and also suggested simplifying rules for prediction markets, perpetual derivatives, and DeFi protocols within a single 'super-apps' model. They have a roundtable on September 29.
📃 The new bill from the Senate Banking Committee includes: exempting staking and airdrops from security status, protection from lawsuits for tokens issued before the law is passed, excluding DePIN from securities laws, protecting software developers and self-custody, as well as creating a joint SEC-CFTC committee to make decisions on digital assets.
🥇 Opinion: Traditional economic indicators (inverted yield curve, Fed rate, unemployment) indicate a likely stock crash with a decrease in the Fed rate, which will happen soon, with a possible bitcoin peak in 2-3 months.
😦 In 1921, Henry Ford proposed replacing gold with 'energy currency' backed by units of power to break the control of bankers and stop wars.
🔍 Arkham discovered $5 billion in bitcoins linked to Movie2K that were not confiscated by the German government - about 45,000 BTC, almost equal to the amount previously seized and sold by authorities, 49,858 BTC.
Macro:
🕕 S&P Dow Jones will add AppLovin, Robinhood, and EMCOR Group to the S&P 500 index, replacing MarketAxess Holdings, Caesars Entertainment, and Enphase Energy, while MicroStrategy was not included in this round of additions.
👉 Hedge funds increased shorts on S&P 500 futures to a record $180 billion (+$75 billion since April), accounting for ~27% of open interest - the highest since mid-2023, surpassing the previous record of $170 billion in
