Bitcoin Surpasses $113,000
According to Darkex data, the Bitcoin price broke through the $113,000 level, trading up 0.15% on a daily basis. This level is positioned above short-term resistance zones and is creating cautious optimism in the markets.
Crypto Regulation Move from the White House
Patrick Witt, director of the White House Digital Asset Advisory Council, announced that he expects the comprehensive Crypto Market Structure Act to be completed by the end of the year. The law will clarify the division of responsibilities between the SEC and CFTC and create a single regulatory framework for digital assets in the US. The CLARITY Act passed the House of Representatives, while the Responsible Financial Innovation Act was introduced in the Senate.
Institutional Bitcoin Purchases Continue
- The Smarter Web Company purchased an additional 55 BTC, bringing its total holdings to 2,525 BTC.
- Capital B added approximately 10 BTC more with a €1.2 million private placement, bringing its total reserves to 2,810 BTC.
Statements from JPMorgan CEO Dimon
Jamie Dimon stated that interest rate cuts would be difficult if inflation remained at 3%. He found the aggressive discount expectations in the market to be “overly optimistic.” Although he said he had no particular concerns about stablecoins, he emphasized that the banking sector should monitor them closely. He also revealed that JPMorgan is considering forming an interbank alliance to issue stablecoins.
Trump to Speak at UN Leaders Summit
According to a statement from the White House, Donald Trump will deliver a speech at the UN Leaders Summit today. The main topics of the speech are expected to include global security, energy, and trade.
Société Générale’s Stablecoin Move
French bank Société Générale’s crypto subsidiary FORGE has chosen the Bullish Europe exchange to list the CoinVertible (USDCV) stablecoin. USDCV is currently listed on Ethereum and Solana and is subject to MiCA regulations. However, it is currently unavailable to US users as US regulations have not yet been finalized.
$23 Billion in Options Expiring
According to Deribit data, approximately $23 billion worth of BTC and ETH options contracts will expire on Friday. Large positions are focused on protection against a drop below $95,000 and scenarios of a sudden jump above $140,000. This points to the possibility of increased short-term volatility in the market.
AVAX Position on HyperLiquid
An investor opened a $21.4M AVAX long position on HyperLiquid, making it the largest AVAX position on the platform. The average entry price is $32.2, with a liquidation level of $27.1. With AVAX up 10%, the position is currently $1.43M in profit.
YZi Labs Plans External Investment
YZi Labs, managed by CZ (Changpeng Zhao), has reached approximately $10 billion in size and is considering opening up to external investors in the future. The firm currently focuses on crypto, artificial intelligence, and biotechnology. Executive Ella Zhang stated that they could open the fund externally after gaining sufficient experience in AI and biotech.
Net Outflows in ETFs
Bitcoin ETFs saw total outflows of $363 million on September 22. Specifically, Fidelity FBTC experienced outflows of $277 million and ARKB saw outflows of $52.3 million. Total assets declined to $148.08 billion.
Ethereum ETFs recorded $75.9 million in outflows on the same day. The largest outflows were from Fidelity FETH ($33 million) and Bitwise ETHW ($22.3 million). Total assets reached $27.51 billion.
