Sudden Crash in Crypto Markets
According to Darkex data, Bitcoin fell 2%, Ethereum fell 5%, and Solana fell 7% in just 3 minutes during heavy selling that began in the afternoon on September 21. However, it was reported that there was no clear catalyst for this sell-off. Prices are attempting to recover with rebound buying from support levels.
Global Liquidation and Price Volatility
According to Coinglass data, a total of $1.06 billion in contracts were liquidated in the crypto market in the last hour. Of this, $1.036 billion came from long positions. Within the liquidations, $293 million in losses were recorded for ETH and $212 million for BTC. While there is no clear reason for this sharp movement, Bitcoin recovered with rebound buying from the $111,900 level.
Massive Bitcoin Purchase from Metaplanet
Japan-based publicly traded Metaplanet Inc. announced it added 5,419 BTC to its portfolio. This brings the company’s total Bitcoin holdings to 25,555 BTC. This purchase makes Metaplanet one of the largest institutional Bitcoin holders globally.
Capital B Acquires 551 BTC
France-based publicly traded company Capital B raised a total of €54.7 million through two capital increases. These funds were used to purchase 551 BTC. The company’s total holdings reached 2,800 BTC, with an average cost of €93,205. Bitcoin returns have increased by 1,651% since the beginning of the year and by 27.8% in the last quarter.
Trump – Musk Contact
Trump and Musk sat next to each other at a memorial service for Charlie Kirk on September 21. The two chatted briefly and shook hands. Musk later shared a photo with Trump on the “X” platform with the note “For Charlie.” This contact is seen as a sign of renewed closeness after their public split in June.
Trump and Xi on TikTok and Trade Agreement
US President Donald Trump and Chinese President Xi Jinping have decided to meet again at the APEC summit in South Korea on October 31. The parties announced progress on the TikTok agreement; positive developments were also noted on trade, fentanyl, and the Russia–Ukraine issue. The Taiwan issue was not on the agenda. This meeting was the second contact between the two leaders in the last four months and helped to partially stabilize relations.
New H-1B Visa Rules Cause Confusion
Trump announced a $100,000 fee for H-1B visas. He said the decision would only apply to foreign talent in highly skilled positions that cannot be filled by Americans. However, technology companies said the regulation caused panic among visa holders. The White House clarified that the fee only applies to new applications and does not cover current holders, renewals, or 2025 lottery applications.
Trump Gold Card Program
Trump also announced the “Trump Gold Card” visa for global elites. The individual version requires a payment of $1 million, the corporate version $2 million, and the platinum version $5 million. This visa allows for tax-free stays of up to 270 days in the US. However, it is noted that congressional approval may be required for the program to be implemented.
Risk of Government Shutdown in the US
The US Senate rejected short-term spending bills. Trump said a government shutdown on October 1 is very likely. Democrats are demanding healthcare funding, while Republicans oppose it. Leaders emphasize that a last-minute compromise will be sought to avoid a shutdown.
ETF Sale Decision by the Bank of Japan
The Bank of Japan (BOJ) announced plans to sell ¥660 billion worth of ETFs annually while keeping interest rates unchanged. This figure represents only 0.06% of the Japanese stock market value. At the current pace, it will take more than 120 years for the BOJ to reduce its 80 trillion yen ETF portfolio. The aim is to ensure that the sales do not create systemic pressure on the market.
Recognition of Palestine as a State
The UK, Canada, Australia, and Portugal announced their recognition of Palestine as a state. This decision was interpreted as a reflection of growing disappointment, particularly due to the Gaza war. While Israel reacted strongly to the decision, there is talk that France may take the same step at the UN General Assembly.
European Digital Euro Roadmap
According to Reuters, EU finance ministers and the European Central Bank have agreed on a roadmap for the issuance of the digital euro. According to the decision, the authority to determine issuance and holding limits will lie with the finance ministers. The digital euro is expected to be launched as early as 2028.
Bitcoin Spot ETF Data
According to SoSoValue data, there was an inflow of $887 million into Bitcoin spot ETFs during the week of September 15–19. The largest inflow was on the BlackRock IBIT side ($867 million). Total ETF assets are currently at $152.31 billion, accounting for 6.63% of Bitcoin’s market value.
Ethereum Spot ETF Data
During the same period, Ethereum spot ETFs recorded $557 million in inflows. BlackRock ETHA led the way with $513 million in inflows. Total ETF assets reached $29.64 billion, accounting for 5.51% of Ethereum’s market value.
