News
The day at a glance · 4 min read
Mood · Risk-On
+62
Sentiment, −100 to +100
Bitcoin Price Recovery
$78,000
ETH Resistance Level
$2,560
Glamsterdam Performance Tests
2,302
Key driverBitcoin's Fisher Transform indicator produced a rare bullish crossover for only the fourth time in its history while Layer-2 and DeFi tokens led a broad advance as post-Fed rate hike concerns eased
Daily briefCrypto & Web3· Money365.Market AI ·

Bitcoin Tests Bull Market Signal as Layer-2 Tokens Rally

Fisher Transform indicator prints rare bullish cross while post-Fed nerves fade; ETH approaches $2,560 resistance as corporate BTC buying slows

Bitcoin & Ethereum

Bullish

Proposed Gas Block Limit

200 million
BTCETHXRP
Bitcoin produced a rare Fisher Transform indicator bullish crossover for only the fourth time in its history, adding to bull-market hopes as the price recovered toward $78,000. Onchain analyst James Check said Bitcoin may have bottomed near $58,000 after two capitulations, warning against anchoring to an October low.
Ethereum is approaching the key $2,560 resistance level again after rebounding from $2,360 support. Ethereum's Glamsterdam upgrade cleared an important private rehearsal this week ahead of the October 6 Sepolia testnet launch, with the test successfully running under new block-building rules while Nethermind completed 2,302 performance tests. Developers tested a 200 million gas block limit versus roughly 60 million currently in the test environment, with Glamsterdam designed to increase Ethereum's capacity and reduce congestion through changes including block-level access lists and enshrined proposer-builder separation.
Ethereum and XRP ETFs posted outflows while Bitcoin moved above $77,000. Layer-2 and DeFi tokens led a broad crypto advance as post-Fed hike nerves faded.

Crypto Stocks & Corporate Adoption

Neutral

Robinhood Crusoe Investment

$25M

Crusoe Series F Round

$3.9B
HOOD
Robinhood Markets (HOOD) Ventures Fund I purchased about $25 million of preferred stock in Crusoe as part of the company's $3.9 billion Series F financing round. The CEO emphasized that infrastructure behind AI matters, highlighting Robinhood's expanding investment footprint beyond traditional crypto trading.
Corporate treasuries bought just 5,900 bitcoin in 3 months, with other demand signals looking weak. The muted corporate buying activity suggests institutional adoption may be slowing despite Bitcoin's technical strength.

Altcoins & DeFi

Bullish

Zcash Weekly Gain

45%+45%

Paradigm AUM

$12B

Solana Block Speed Improvement

17%+17%
ZECSOL
Zcash surged by more than 45% this week after Paradigm, which manages roughly $12 billion, disclosed that it owns ZEC. The $12 billion firm's co-founder Matt Huang described Zcash as a privacy-focused complement to Bitcoin, with the disclosure coming alongside confirmation that Paradigm is also an investor in the Zcash Open Development Lab. The community's NU7 governance vote overwhelmingly supported keeping Bitcoin-style halvings while reducing block times to 25 seconds, with NU7 targeting November for mainnet activation and testnet planned for October 6.
Solana sped up blocks by 17%, but transaction capacity stayed the same. The network upgrade improved block production speed without expanding throughput capabilities.
HYPE led an altcoin rally as bitcoin recovered toward $78,000, with Layer-2 and DeFi tokens showing particular strength.

Regulation & Policy

Neutral
Binance declined to address reports of ECB intervention in its Greek MiCA bid, saying it remains committed to securing authorization in Europe. Binance brushed off speculation from Lagarde regarding its MiCA compliance efforts, reaffirming its European commitment despite regulatory scrutiny.
Bitcoin weathered a September storm as rate hikes and a Clarity act setback tested bulls. The Fed delivered a rate hike on Wednesday as widely expected and projected a less hawkish path for interest rates than the market was pricing, with risk assets rallying after initial overreaction subsided.
Iran's Strait of Hormuz toll booth ran through a bitcoin exchange, according to U.S. officials. The disclosure highlighted continued concerns over cryptocurrency use in sanctions evasion.

Stablecoins & Payments

Bullish

dtcpay Series A

$25M
Stablecoin payments firm dtcpay closed a $25 million Series A round with backing from Japan's SBI Group. Dtcpay plans to expand its merchant network and payment products after completing the funding round, with SBI Group providing strategic support for Asian market expansion.

Security & Scams

Neutral
ADA
Cardano's Input Output Group warned users to avoid its YouTube channel after it began livestreaming a suspected AI-manipulated Charles Hoskinson video promising to double viewer wealth. The giveaway scam represented the latest in a series of crypto-themed social media fraud attempts targeting retail investors.

Looking Ahead

Neutral
ETH
Trump called a meeting with Gulf leaders on Tuesday on the sidelines of the UN General Assembly in New York to discuss the next steps in the war with Iran, with the Iranian delegation allowed to participate. A de-escalation would send oil prices lower from the $100 level, easing inflation and rate hike concerns and improving significantly the general risk sentiment, ultimately supporting the crypto market. Flash US PMIs are scheduled for Wednesday.
Ethereum's Glamsterdam upgrade confirmed dates for October 6 testnet activation, though developers warned that fake builders could stall the chain during the transition period.

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