News linked to both this project and an event.
The Basel Committee on Banking Supervision released statistical data for the second half of 2025. Banks' prudential risk exposure to crypto assets remained broadly flat overall, but the asset composition shifted: in the Americas, Bitcoin's share fell from 75.8% to 44.2%, Ethereum rose to 38.5%, and Solana and XRP accounted for 7.8% and 5.6%, respectively; stablecoin proportions increased in other regions. In the same period, the volume of crypto asset business conducted by banks in the Americas on behalf of clients grew by 93% to €6.4 billion, while that in Europe decreased by 25% to €1.9 billion.
Odaily News: The European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA) stated in a joint risk update that advances in quantum computing could weaken the cryptographic systems that secure blockchain transactions, communications, and database security.In March, Google Quantum AI researchers estimated that the number of physical qubits required to break the cryptographic techniques used by many cryptocurrencies may be about 20 times fewer than previously estimated. A computer capable of carrying out such an attack does not yet exist.In February, Bitcoin developer Jameson Lopp and others proposed phasing out current signature schemes and restricting how unmigrated funds can be used five years after the proposal's activation. The proposal has not yet been adopted. The Ethereum Foundation plans to make Ethereum's execution, consensus, and data layers quantum-resistant by December 2029. (Cointelegraph)
Odaily News: A person familiar with the matter revealed that the U.S. Commodity Futures Trading Commission (CFTC) is investigating Kalshi for suspected wash trading. Since August, Kalshi traders have executed nearly 1 million trades in the Ethereum futures market, with each trade being almost identical in size, drawing the attention of federal regulators and traders. Kalshi stated that there is no fake trading on the platform, and that the recurring quotes are fixed quotes posted by market makers, which faster traders seize upon. Kalshi co-founder Luana Lopes Lara said that attracting large traders to new markets to promote broader adoption is not uncommon.
Wintermute released its weekly market report, as the Federal Reserve voted unanimously 12-0 on September 21 to raise interest rates by 25 basis points to 3.75%-4.00%. Sixteen officials project at least one more rate hike this year, with inflation not expected to return to the 2% target until 2029. Two key catalysts previously monitored by the market—the FOMC rate decision and the CLARITY Act—have both materialized: the CLARITY Act failed to advance in the Senate (49-50 vote, falling short of the 60-vote threshold), prompting the SEC and CFTC to immediately state that they would establish crypto regulatory frameworks under their current authority. The market adjusted for only a single trading session before reclaiming its losses. BTC traded between $75,000 and $81,000 this week, closing at $81,159—the first time since last November it has breached the 50-week moving average; ETH gained 6.7%, trading in the $2,350–$2,600 range. Regarding ETF capital flows, net outflows totaled $746 million from Tuesday to Wednesday, partially reversed by $593 million in inflows from Thursday to Friday, resulting in a five-day net outflow of approximately $6 million. Outflows triggered by the CLARITY Act were nearly fully offset within 48 hours. At the start of this week, both BTC and ETH broke above the range resistance ahead of the U.S. equity market open. Fueled by approximately $250 million in short liquidations, BTC briefly surged to $86,000, setting an eight-month high. Wintermute’s analysis suggests:
Odaily News: The People's Bank of China stated in its financial education campaign that virtual currencies such as Bitcoin, Ethereum, and Tether do not have legal tender status and cannot be circulated as currency; conducting virtual currency-related businesses within China constitutes illegal financial activity and is strictly prohibited.Without approval from relevant authorities, domestic entities and offshore entities under their control may not issue virtual currencies overseas, and no entity or individual, domestic or foreign, may issue RMB-pegged stablecoins offshore. The People's Bank of China reminds the public not to participate in virtual currency issuance, trading, investment, or mining activities, to be vigilant against high-yield investment scams, and to avoid renting out bank cards or payment accounts, or buying and selling virtual currencies for money laundering purposes as instructed by others.
Odaily News — Tom Lee, chairman of Ethereum treasury company Bitmine, said in an interview that even if the CLARITY Act fails to pass, the crypto market may still continue to rise, as market demand matters more than any single piece of legislation. The CLARITY Act was originally intended to establish a clearer regulatory framework for the crypto industry and give the U.S. Commodity Futures Trading Commission (CFTC) more clearly defined regulatory responsibilities; even if the bill fails, the U.S. Securities and Exchange Commission (SEC) and the CFTC will continue to serve as the main federal regulators of the crypto industry.Tom Lee also pointed to prediction markets and sports markets as examples, saying these sectors have continued to grow despite regulatory uncertainty.
Odaily reports: CoinShares noted in its latest research report that the Fed's hawkish policy shift and the stalling of the CLARITY Act are the two major short-term pressures currently facing the crypto market. According to the report, the Fed believes inflation remains too high, and its latest interest rate projections no longer show any room for rate cuts before 2027, which has provided support for the dollar and short-term U.S. Treasury yields. Combined with the Iran conflict driving up energy prices, the possibility of another rate hike within the year has increased. CoinShares believes that if the inflation outlook does not improve significantly, or if there is no major shift in monetary policy expectations, BTC may struggle to effectively break above $80,000 before the end of the year.On the regulatory front, the main disagreement over the CLARITY Act remains centered on ethics provisions, and a revised version could potentially be reintroduced as early as the beginning of next year. Since Bitcoin's regulatory status is relatively clear, the bill's setback has limited impact on it, while Ethereum and other altcoins face greater regulatory uncertainty.
According to official reports, the NSTR oracle price was manipulated yesterday, causing a single account to use NSTR as collateral to borrow approximately $3.5 million in ETH, STRK, USDC, USDT, WBTC, and DAI v1 from the Nostra money market on Starknet. The market has currently suspended deposits, borrows, withdrawals, and liquidations. Nostra is currently assessing the impact on each asset and tracking the funds, with final losses and recoverable amounts yet to be determined.
Odaily News: Japanese yen stablecoin issuer JPYC has issued a glitch notice, announcing an emergency suspension of the JPYC issuance reservation service on the Ethereum network. The official statement said that the feature is currently suspended, and the technical team is urgently investigating and troubleshooting the specific cause of the glitch. JPYC has apologized to affected users and promised to release follow-up announcements through official channels as soon as the details are confirmed.
According to Bloomberg, Deutsche Bank has announced the launch of digital asset custody services, enabling institutional and corporate clients to securely hold and transfer Bitcoin, Ethereum, and selected stablecoins. The service is expected to officially go live later this year, pending regulatory approval. This marks Deutsche Bank's first large-scale entry into the digital asset sector, with future plans to further expand the range of supported assets, which could include tokenized financial instruments.
In a write-up by Wintermute OTC trader @Jjay_dm, BTC ETFs recorded a net outflow of $463 million for the week ending September 14, marking the first negative reading since June's lows. ARK and Grayscale alone accounted for combined outflows of $371 million, while BlackRock remained flat. As a result, BTC fell 4.4% for the week to close at $76,838, making it the worst-performing asset, while Ethereum dipped 1.5% and altcoins collectively gained 1.0%. On the macro front, the US August CPI came in at 0.4% month-on-month (core 0.3%), exceeding the expected 0.2%, while the PPI annual rate hit 5.4%, prompting Goldman Sachs to upgrade its September rate outlook from "hold steady" to "increase." The market has now priced in an 87% probability of a 25-basis-point hike on Wednesday. Meanwhile, ongoing escalation in Middle East tensions pushed Brent crude past $105/barrel, and the 10-year US Treasury yield reached a 20-year high. Wintermute stated that following the shift to negative ETF flows, it favors a neutral over a bullish market stance. Two key catalysts this week: ① On Tuesday, the US Senate will hold a procedural vote on the CLARITY Act (Crypto Market Structure Act), which requires 60 votes to pass; ② On Wednesday, the Fed will announce its interest rate decision. While the rate hike itself is already fully priced in, subsequent hawkish commentary (particularly any signals pointing to continued tightening into Q1 2027) could exert downward pressure on the crypto market.
Odaily News: According to Gate Ventures' latest weekly report, last week's escalation of geopolitical conflicts in the Middle East combined with U.S. core inflation exceeding expectations significantly heightened global market volatility. Brent crude and WTI crude surged 8.33% and 9.36% respectively, returning above $100 per barrel; U.S. August core CPI rose 0.29% month-over-month, higher than expected, pushing the 10-year Treasury yield to 4.97%, with market-implied probability of a September rate hike rising to approximately 86%; spot gold fell 1.82% to $4,349.42 per ounce. U.S. stock indices — the S&P 500, Nasdaq, and Dow Jones — declined 0.80%, 0.66%, and 1.57% respectively; the crypto market weakened in tandem, with BTC and ETH dropping 4.4% and 1.5% respectively. Spot BTC ETFs saw net outflows of $462.7 million, while ETH ETFs recorded net inflows of $197.1 million. The fear index dropped from 71 to 57, indicating a cooling of market sentiment.On the industry front, India launched a $107 million tokenized corporate bond pilot program, further advancing institutional-grade RWA tokenization; Gemini obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, further expanding its regulatory footprint in the Asia-Pacific region; and the Philippine central bank plans to suspend new payment system operator registrations for 12 months, tightening oversight of VASP-related payment activities.On the funding side, a total of 9 financing deals were completed last week, with disclosed total funding reaching $158.4 million, down 88% quarter-over-quarter. Overall, energy prices and inflation expectations remain the core variables driving short-term market trends, while interest in tokenized assets and institutional-grade crypto infrastructure development remains undiminished.
Ethlabs researcher Derek Chiang stated that the account abstraction collaboration between Base and Ethereum around EIP-8130 and EIP-8141 Frames broke down last week, and the two sides will advance different account abstraction standards separately.He stated that both sides share the same views on core use cases such as gasless transactions and passkey wallets, but there are clear disagreements on compliance requirements.
Odaily reports: Tom Lee, Chairman of Ethereum treasury company Bitmine, stated that ETH has multiple bullish catalysts in the coming months, laying the foundation for an expected surge in institutional buying of cryptocurrencies in the final months of 2026. These include the scheduled CLARITY Act vote in mid-September, South Korean investors re-entering crypto assets and rotating from AI stocks into the crypto market, and the "four-year cycle" pattern.Tom Lee further noted that the ETH/BTC ratio has risen to its highest level since January 30 of this year, breaking above the trendline formed since the pandemic-era peak and establishing a new uptrend. This reflects Ethereum's strengthening position as settlement infrastructure for Wall Street asset tokenization, while the market is increasingly recognizing that Ethereum may play a key role in the Agentic AI space. (PRNewswire)
QCP released a report on September 14 stating that the market has largely priced in expectations of a 25 basis point rate hike by the Federal Reserve this week, with attention shifting to the language of the rate hike announcement and signals regarding the future rate path. U.S. August CPI rose 0.4% month-over-month and 3.4% year-over-year, while core CPI rose 0.3% month-over-month, with the year-over-year growth rate of core CPI declining from 2.5% to 2.4%.Bitcoin briefly fell to $76,700 following the release of the CPI data, before recovering to around $77,600; Ethereum remained near $2,500. Spot Bitcoin ETFs saw net outflows of $463 million last week, with net outflows slowing to $13.2 million on Friday; spot Ethereum ETFs saw net inflows of $197 million, with single-day net inflows of $216 million on Friday.
According to CoinDesk, the U.S. Department of Commerce is allocating up to $100 million each to three quantum computing companies—Rigetti, D-Wave, and Quantinuum—through the CHIPS Act, totaling up to $300 million. The funding will support the expansion of hardware, manufacturing, and error-correction systems, alongside the simultaneous acquisition of minority stakes in all three firms. Meanwhile, Bitcoin and Ethereum developers are accelerating post-quantum cryptography upgrade initiatives. The Ethereum Foundation has set December 2029 as the deadline for foundational-layer quantum-resistant upgrades encompassing the execution, consensus, and data layers. While Bitcoin has no unified timeline, two proposals—BIP-360 (post-quantum output types) and BIP-361 (phasing out ECDSA and Schnorr signatures)—are advancing rapidly, with researchers likewise identifying 2029 as the critical window to complete a trusted migration path.
According to Cryptopolitan, the latest data from Token Terminal indicates that the total supply of euro-denominated stablecoins reached $848.1 million on September 7, reflecting a year-to-date growth of approximately 22.6%, or a net increase of around $156 million. During the same period, US dollar stablecoins saw a net increase of merely $159 million; however, their base stands at $298.5 billion, making it 350 times larger than the euro stablecoin market. Regarding market concentration, EURC and EURCV collectively account for 82% of the euro stablecoin supply. EURCV, issued by SG-Forge—a digital asset subsidiary of Société Générale—holds a MiCA-compliant license and represents 19.6% of the market, marking it as the first stablecoin primarily backed by a licensed European bank subsidiary. On-chain distribution shows that Ethereum captured approximately $125 million in new issuances year-to-date, claiming a 69.4% market share, while Solana added around $30 million, securing 14.7%. Combined, these two chains accounted for nearly all annual growth. Conversely, Base witnessed a contraction, declining from $73.9 million to $58.7 million. Analysts point out that the expansion of euro stablecoins is predominantly supply-driven by issuers rather than demand-pulled by users. Liquidity for euro pairs within DeFi lending pools and perpetual contracts remains sparse, indicating that the supply-demand imbalance has yet to be resolved.
According to The Block, the Ethereum Foundation Protocol Cluster has released a list of EIP ratings for the upcoming Hegotá upgrade, setting December 2029 as the target milestone for achieving full quantum resistance. The two S-tier (mandatory delivery) proposals for the upgrade are: FOCIL (EIP-7805) at the consensus layer, which enhances censorship resistance by requiring validator committees to enforce the inclusion of public mempool transactions; and framework transactions (EIP-8141) at the execution layer, which natively integrates account abstraction, supporting custom signatures, sponsored gas, and batch operations to improve security and quantum resistance. The Ethereum Foundation stated that this timeline aligns with the independent migration targets of Google, Cloudflare, and Microsoft, and the December 2029 deadline will be considered non-negotiable prior to January 2027. Hegotá is not the final quantum-safe fork, but rather a critical milestone determining whether subsequent upgrades can proceed on schedule. From the Q4 2026 Glamsterdam upgrade to December 2029, the average fork cycle is only about 7.2 months, leaving extremely limited execution slack.
According to Yonhap News Agency, Ethereum Institutional co-founder Matthew Dawson visited South Korea for the first time, holding meetings with major local institutions including banks, securities firms, asset management companies, and exchanges to establish collaborative partnerships. Dawson stated that South Korea possesses a robust financial sector and developer community with the capability to fully leverage blockchain infrastructure, and pointed out that the recent policy direction on tokenized securities issued by the Financial Services Commission (FSC) provides an optimal timing for cooperation. He anticipates that Korean institutions currently starting on private chains will ultimately upgrade to public blockchains, emphasizing that Ethereum’s security, liquidity, and neutrality make it the ideal infrastructure for hosting institutional core assets. Regarding organizational expansion, Ethereum Institutional plans to appoint an Asia regional head within six to seven weeks and will recruit technical, commercial, and consulting professionals across Hong Kong, South Korea, and Japan.
Odaily News: Brazil's cryptocurrency market recorded a trading volume of 505.5 billion reais in 2025, approximately $98.7 billion, representing a more than fivefold increase from 94.9 billion reais in 2020. Corporate-related transactions totaled 497 billion reais, accounting for 98.3% of the total tracked by Brazil's Federal Revenue Service, with individual investors accounting for the remainder.Itaú, Brazil's largest bank by assets under management, now offers 15 crypto assets through its investment app, including Bitcoin, Ethereum, and the USD-pegged stablecoin USDC. Fintech company Nubank lists 28 crypto assets, while Banco do Brasil has seen trading volume exceed 11 million reais since opening direct trading in Bitcoin and Ethereum in January.Filings with the Central Bank of Brazil through March 2026 show that Brazilian banks hold no proprietary virtual asset positions, but may custody and process crypto assets on behalf of clients. Since 2025, Itaú, Bradesco, Santander, Banco do Brasil, and Nubank have all expanded their crypto asset service offerings.Brazil passed the Virtual Asset Legal Framework in 2022 and issued three regulatory resolutions in November 2025, requiring institutions providing crypto asset trading, custody, or transfer services to obtain licenses, meet minimum capital requirements, and maintain segregated client accounts, with a compliance deadline of October 30, 2026. Banco Safra issued the USD-pegged stablecoin Safra Dólar in September 2025, with the bank providing self-custody. (Decrypt)