Schlagwort: crypto market news

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What a US government shutdown means for crypto ETF approvals

  • SEC operations could be hampered, delaying crypto ETF approvals for Solana and Litecoin.
  • Limited staff during shutdown may stall key regulatory reviews and deadlines.
  • Delays can dampen investor confidence and trigger market volatility in altcoins.

The possibility of a US government shutdown is stirring unease in the cryptocurrency world, particularly around the fate of eagerly awaited Solana (SOL) and Litecoin (LTC) ETFs.

The Securities and Exchange Commission (SEC), which oversees approval of these investment products, could see its operations severely hampered, putting regulatory decisions on hold.

How the shutdown could impact ETF approvals

Approval of new financial products like crypto ETFs largely depends on the SEC’s thorough review process.

But with a shutdown looming, only a small number of SEC employees will remain on the job, focused solely on critical functions.

That means teams reviewing crypto ETF filings will likely be furloughed or forced to work at minimal capacity.

Several fund managers have been chasing timelines, hoping for decisions in early October.

For example, the much-anticipated Litecoin ETF from Canary Capital has a key regulatory deadline on October 2, now looking increasingly uncertain amid the staffing crunch.

While some preparatory reviews might have been completed before the shutdown, the absence of full staff means the process will almost certainly slow.

Whether the SEC will consider crypto ETF reviews essential remains to be seen.

History shows that non-critical activities are typically paused during shutdowns, leaving the fate of these products in regulatory limbo.

Market impact on Solana, Litecoin

Delays in ETF approvals have tangible effects on market dynamics. Solana, currently trading near $206, and Litecoin, steady around $105, count on institutional fund inflows that ETFs help facilitate.

When regulatory uncertainty lingers, investor confidence fractures, and trading becomes more cautious.

The crypto market, already sensitive to regulatory cues, could face volatility in response. Any pause in new investment avenues dampens broader enthusiasm, potentially stagnating recent gains.

That said, a swift resolution to the shutdown and resumed SEC approvals might unleash renewed momentum, reigniting interest in these altcoins.

Industry watchers still see 2025 as a breakthrough year for crypto ETFs beyond bitcoin.

If approvals come through soon after the shutdown, Solana and Litecoin could benefit greatly from increased institutional participation.

For now, market participants are watching nervously as Washington’s political gridlock weighs on the regulatory front, reminding everyone just how intertwined politics and markets have become.

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Altcoins today: Perpetual tokens shed over $1.3B as ASTER, AVNT, and APEX tumble

  • Perp DEX tokens lost more than $1.3 billion in market value over the past day.
  • ASTER, AVANTIS, and APEX drop up to 35%.
  • Analysts anticipate significant rallies in October.

Cryptocurrencies displayed weakness on Tuesday, with most currencies losing momentum after yesterday’s momentary jumps.

The global cryptocurrency market capitalization plunged 1% in the past 24 hours to $3.89 trillion.

Meanwhile, perpetual tokens underperformed the broader market.

CoinGecko data shows Perp coins dropped 6.2% (or $1.35 billion) of their valuation within the last 24 hours to $21.47 billion at press time.

The daily trading volume has jumped to $5.79 billion, signaling robust trading activity, potentially from market players quitting to avoid further losses.

This article explores the trending projects in the perp space, including Aster, Avantis, and APEX. The trio has seen traction in the past few sessions as market interest shifts to the decentralized derivatives sector.

ASTER down 10%

Decentralized exchange Aster has gained attention with its latest performance, which saw it even outshining established projects like Circle in activity.

Its native token soared to all-time highs of above $2.40 on September 24, displaying unmatched momentum in a month often plagued by bearish actions.

Meanwhile, ASTER has plummeted by 10% in the past 24 hours to $1.72.

Profit-taking after the latest rallies and broader market dips fuel ASTER’s downward trend on the daily chart.

Meanwhile, whale accumulations from top investors like Mr Beast signals trust in Aster’s disruptive potential.

AVNT extends weekly losses

Avantis extended its weakness as perpetual tokens crashed.

It is trading at $1.17 after losing 4% and more than 45% in the past seven days.

Avantis has visibly lost the initial momentum that propelled its prices to record highs this month.

While the project positions itself as a rival in derivatives trading, intense competition, liquidity crunches, and whale outflows have dented its momentum.

Though today’s dip appears less severe than the peers, a broader outlook confirms a struggling DEX.

Nonetheless, some experts trust that serious teams focus on building and not short-term price movements.

If that’s the case for Avantis, we might expect substantial recoveries amid possible “Uptober” rallies.

APEX takes a massive hit

APEX suffered the most, shedding over 35% in the past day to hover at $1.37.

The brutal dip comes after the altcoin gained over 350% in the past week to the $2.70 peak.

Meanwhile, today’s performance has left investors uncertain about Apex Protocol’s survival in the perp DEX trading game.

Broder market outlook

Cryptocurrencies underperformed today, in what proponents call the final reset before October rallies.

Bitcoin displays bearish sentiments at $113,500, with top alts ETH, XRP, BNB, and SOL down by up to 5% on their daily price charts.

Analyst Michael van de Poppe believes the current dips are an opportunity to enter lower before fresh all-time highs in the coming month.

With experts predicting that perpetual decentralized exchange will shape the coming bull cycle, crypto enthusiasts will watch perp tokens in the coming weeks and months.

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Ethereum price forecast: ETH holds $4,100 as altcoins brace for major move

  • Ethereum signals strength as BitMine accelerates ETH treasury strategy.
  • The ETH price bounced from lows of $3,800 last week and is holding above $4,100.
  • Bitmine’s buying leads the corporate world’s interest in Ethereum, and tailwinds such as spot exchange-traded funds approval could catalyse gains to above $5,000.

While cryptocurrency markets continue to witness price turmoil, Ethereum has held above the key level of $4,000, with ETH likely to explode as investors reignite altcoin season talk.

The latest developments in the broader crypto market, as well as increased stashing of Ether by crypto treasury companies, have analysts taking an overall bullish outlook on the ETH price.

Ethereum holds $4,100 amid fresh Bitmine buy

Ethereum dropped to lows of $3,800 on September 25, 2025, but has since climbed back above the psychological $4,000 level.

Bulls even retested the supply wall area around $4,230, and have looked to hold above the $4,100 mark as altcoins show signs of fresh recovery.

Notably, Ethereum’s gains have aligned with a significant acquisition by Bitmine Immersion Technologies, the company that’s grown into the biggest ETH treasury holder among publicly-traded companies.

On September 29, Bitmine announced its ETH holdings exceeded 2.65 million tokens, valued at over $10 billion.

This disclosure, part of a broader portfolio update, revealed that Bitmine’s total crypto and cash reserves currently stand at over $11.6 billion.

Bitmine’s aggressive ETH stashing has, in the past months, provided key price buoyancy for ETH, with bulls having faced downward pressure since the breakout to a new all-time high near $5,000 in August.

Macroeconomic headwinds have contributed to the profit-taking, but Bitmine’s substantial purchase has injected fresh upside momentum into the ecosystem.

The buy has not only helped anchor prices above the critical $4,000 support level, but has analysts pointing to a potential breakout as top altcoins eye accelerated upside momentum in the fourth quarter.

ETH price forecast as top altcoins eye ETF boost

While short-term dips remain possible if Bitcoin dominance rebounds, corporate confidence in ETH could catalyse a rebound toward $4,500.

If broader sentiment aligns with potential catalysts such as the approval of new spot exchange-traded funds by the US Securities and Exchange Commission, the Ethereum price could breach $5,000 and target the psychological magnet of $10,000.

Some market experts say this is possible, with regulatory tailwinds adding to the anticipated altcoin renaissance.

This bullish take is down to the SEC’s move to formalise its generic listing standards for commodity-based trust shares.

Not only does it allow exchanges like Nasdaq, NYSE Arca, and Cboe to get approval for spot crypto ETFs without exhaustive case-by-case reviews, but it also means a flurry of spot ETFs could hit the US market sooner than anticipated.

Crypto traders already welcomed the SEC’s direction that issuers of altcoin ETFs, including those for Solana, XRP, Litecoin, Cardano, and Dogecoin, withdraw pending 19b-4 filings.

Bloomberg senior ETF analyst Eric Balchunas summed up the outlook via a post on X:

Implications of this move are that altcoins rallying amid approval for crypto ETFs will likely have the ETH price leading the charge.

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Bitcoin and Ethereum ETFs see over $1B in inflows as crypto looks set to stage comeback

  • US-listed Bitcoin and Ethereum spot exchange-traded funds drew more than $1 billion in net inflows on Monday.
  • Ethereum spot ETFs, which had seen five consecutive sessions of outflows, flipped positive with $547 million in net inflows.
  • Bitcoin ETFs also logged strong inflows, with $522 million added across the 12 products.

US-listed Bitcoin and Ethereum spot exchange-traded funds drew more than $1 billion in net inflows on Monday, reversing recent outflow trends and boosting optimism across crypto markets.

The move came as Bitcoin prices rebounded sharply above $114,000, supported by seasonal factors and renewed accumulation by large holders.

Ethereum ETFs lead the rebound

Ethereum spot ETFs, which had seen five consecutive sessions of outflows, flipped positive with $547 million in net inflows, according to SoSoValue.

Fidelity’s Ethereum Fund (FETH) led the gains, drawing $202 million in a single day, followed by BlackRock’s iShares Ethereum Trust (ETHA) at $154 million.

The nine Ethereum ETF products now collectively manage $27.5 billion in assets, equivalent to about 5.4 percent of Ethereum’s circulating market cap.

The turnaround underscores renewed institutional appetite after a weak September.

Bitcoin ETFs see $518 million added

Bitcoin ETFs also logged strong inflows, with $518 million added across the ETFs.

Fidelity’s FBTC drew the largest daily inflow of $299 million, while ARK 21Shares Bitcoin ETF (ARKB) followed with $62 million.

Date IBIT FBTC BITB ARKB BTCO EZBC BRRR HODL BTCW GBTC BTC Total
22 Sep 2025 0.0 (276.7) 0.0 (52.3) 0.0 0.0 0.0 (9.5) 0.0 (24.6) 0.0 (363.1)
23 Sep 2025 2.5 (75.6) (12.8) (27.9) 10.0 0.0 0.0 0.0 0.0 0.0 0.0 (103.8)
24 Sep 2025 128.9 29.7 24.7 37.7 0.0 0.0 0.0 6.4 0.0 0.0 13.6 241.0
25 Sep 2025 79.7 (114.8) (80.5) (63.0) 0.0 (6.3) 0.0 (10.1) 0.0 (42.9) (15.5) (253.4)
26 Sep 2025 (37.3) (300.4) (23.8) (17.8) 0.0 0.0 0.0 (9.3) 0.0 (17.1) (12.6) (418.3)
29 Sep 2025 (46.6) 298.7 47.2 62.2 35.3 16.5 0.0 30.7 0.0 26.9 47.1 518.0

Most other funds saw net gains, though BlackRock’s iShares Bitcoin Trust (IBIT) posted a modest $46.6 million outflow.

Collectively, Bitcoin ETFs now hold $150 billion in assets under management, representing about 6.6 percent of the cryptocurrency’s total market cap.

Bitcoin price action

Bitcoin extended its recovery into Tuesday, climbing as high as $114,776 in the past 24 hours before easing slightly below $114,000.

The rebound follows a sharp drop below $109,000 last week amid heavy liquidations and quarterly options expiry, which amplified selling pressure.

Market participants pointed to “Uptober” seasonality—October’s historical trend of 20 percent average gains—as a factor lifting sentiment.

On-chain data showing fresh accumulation by so-called whales also supported the move.

Despite renewed momentum in crypto, broader sentiment remained cautious as investors monitored political developments in Washington.

US lawmakers face a Tuesday midnight deadline to strike a funding deal and avert a government shutdown.

Without an agreement, the closure would begin on Wednesday, coinciding with new US tariffs on heavy trucks, pharmaceuticals, and other goods.

Analysts at Bank of America warned that a prolonged shutdown could complicate Federal Reserve policy-making ahead of its October 29 meeting by delaying critical economic data releases, including the September payrolls report.

“If the shutdown lasts beyond the Fed meeting, the Fed will rely on private data for its policy decisions. On the margin, we think this may lower the likelihood of an October cut, but only marginally,” the bank noted.

 

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‘Come talk to us’: a top US regulator’s olive branch to the crypto industry

  • SEC Commissioner Hester Peirce says the regulator is ‘willing to work’ on tokenization.
  • She has urged industry participants to come in and talk with the SEC.
  • A key issue is how tokenized assets will interact with traditional securities.

In a powerful and welcoming signal to a crypto industry long starved of regulatory clarity, a top US securities regulator has extended a public olive branch, declaring that the Securities and Exchange Commission is open for business when it comes to the revolutionary technology of tokenization.

The move is a significant acknowledgment of a market that is already valued in the tens of billions and is projected to swell into the trillions.

Speaking virtually at the Digital Assets Summit in Singapore on Tuesday, Hester Peirce, a Republican commissioner at the SEC known for her supportive stance on the industry, delivered a clear and direct invitation.

An invitation to innovate

The message from the commissioner was unambiguous: the era of regulatory guesswork may be coming to an end. Instead of issuing enforcement actions, the agency is now inviting collaboration.

“We are willing to work with people who want to tokenise, we urge them to come talk to us,” said Peirce.

Her comments are a direct address to one of the most promising and practical sub-sectors of the crypto world.

Tokenization—the process of creating a blockchain-based digital representation of a real-world asset like a stock or a bond—is already being adopted by major financial institutions globally as a way to improve market liquidity and operational efficiency.

It represents a fundamental transformation in how assets are issued, traded, and managed.

The trillion-dollar question: navigating a new frontier

But Peirce’s invitation was not a blind green light; it came with a crucial and clear-eyed acknowledgment of the complex challenges that lie ahead.

The core issue, she explained, is untangling the relationship between a single security that can exist in multiple forms simultaneously—from traditional paper certificates to blockchain-based tokens.

“Some of the questions are how does a tokenized security interact with other iterations of the security and other forms of that security,” Peirce explained, emphasizing the need for a nuanced approach.

“Depending on how things are tokenized, it could be one of many different things.”

A market poised for explosive growth

The SEC’s newfound willingness to engage is a direct reflection of a market that is becoming too big to ignore.

According to data from RWA.xyz, the total on-chain tokenization market is already valued at 31 billion dollars, with 714 million dollars of that being tokenized stocks.

The future potential is even more staggering. A recent analysis by the global consulting firm McKinsey indicates that the market cap of all tokenized assets could explode to around 2 trillion dollars by 2030.

Peirce’s comments signal that at least some within the highest echelons of US regulation understand that this transformative shift is already underway.

Her invitation to the industry is a crucial first step in building a regulatory framework that can accommodate this new financial reality, a framework that will be essential if the market is to reach its multi-trillion-dollar potential.

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