Crypto Biz: From banks to biotechs, real-world assets move onchain

The US Securities and Exchange Commission has not made a decision on the Canary Litecoin ETF, missing its deadline during a government shutdown. This situation adds to the uncertainty surrounding cryptocurrency regulations and market stability, which is crucial for investors and the industry as a whole.

Ethereum is making headlines again with the recent minting of $2 billion USDT, further solidifying its status as the leading blockchain for stablecoin transactions. This significant increase in USDT supply, now totaling $78.5 billion, highlights Ethereum's dominance in the crypto market, especially as it continues to outpace competitors like Tron. This development is crucial as it not only enhances liquidity but also signals growing confidence in Ethereum's ecosystem, making it an exciting time for investors and users alike.

JPMorgan has released a report indicating that Bitcoin is currently undervalued when compared to gold, suggesting it could potentially rise to $165,000. This insight is significant as it highlights the growing recognition of Bitcoin as a valuable asset, potentially attracting more investors and influencing market dynamics. As traditional financial institutions like JPMorgan begin to embrace cryptocurrencies, it could pave the way for broader acceptance and integration of digital currencies in the financial landscape.

The SEC has requested that issuers of ETFs for XRP, Solana, and Cardano withdraw their 19b-4 filings, a move that raises concerns in the cryptocurrency market. This decision comes after the SEC approved new generic listing standards, which initially seemed promising for these digital assets. The withdrawal could delay the approval process for ETFs, impacting investor confidence and market dynamics. Understanding the implications of this action is crucial for those invested in or considering these cryptocurrencies.

Bo Hines, the former executive director of the White House Crypto Council, is now leading Tether's new stablecoin project, USAT, under the recently passed GENIUS Act. This act is significant as it aims to regulate stablecoins and ensure that issuers maintain adequate reserves, which could enhance trust and stability in the cryptocurrency market. Hines believes this project is just the beginning of a larger movement towards a more regulated and secure digital currency landscape.

Tether has made headlines by purchasing a whopping 8,889 BTC for $1 billion, a move that has sparked excitement in the crypto community. This significant addition to their Bitcoin holdings, confirmed by CEO Paolo Ardoino, positions Tether as one of the largest BTC treasury companies. The transfer from Bitfinex's hot wallet to Tether's reserves not only showcases the company's confidence in Bitcoin but also highlights the growing interest in cryptocurrency investments. This development is crucial as it reflects the ongoing evolution and adoption of digital currencies.

BlackRock is making waves in the financial world with its recent filing to list the iShares Bitcoin Premium Income ETF on Nasdaq. This innovative product aims to generate income by selling options on bitcoin-linked holdings, which could attract a new wave of investors looking to capitalize on the cryptocurrency market. The SEC's review of this proposal, submitted on September 30, 2025, is a significant step for Bitcoin's legitimacy in traditional finance, potentially paving the way for more crypto-related investment products in the future.

JPMorgan analysts have predicted that Bitcoin could soar to $165,000, drawing parallels with gold's recent record highs. This projection highlights the growing interest in cryptocurrencies as a hedge against inflation and economic uncertainty. As more investors look to diversify their portfolios, Bitcoin's potential rise could signify a shift in how digital assets are perceived in the financial landscape.

The dominance of Tether's USDT and Circle's USDC in the stablecoin market is waning, with their combined market share now at 84%. This shift indicates a potential end to the stablecoin duopoly that has characterized the market for some time. As new players emerge and gain traction, it could lead to increased competition and innovation in the stablecoin space, which is significant for investors and users alike.

OpenAI has reached a remarkable $500 billion valuation, making it the world's largest startup, surpassing SpaceX. This milestone highlights the growing influence and potential of artificial intelligence in the tech industry. With Tether emerging as a close competitor, the landscape of crypto and AI is evolving rapidly, showcasing the significant advancements and investments in these sectors.

The Solana Foundation President has raised concerns about the future profitability of major stablecoins like Tether and Circle, predicting a significant downturn in their profits. As the crypto landscape shifts towards stablecoins, with Tether leading the pack at over $175 billion, this news highlights the potential volatility and challenges these companies may face. Understanding these dynamics is crucial for investors and stakeholders in the crypto market as they navigate an evolving financial ecosystem.

Thailand's Securities and Exchange Commission (SEC) is set to expand its exchange-traded fund (ETF) offerings beyond Bitcoin, allowing local mutual funds and institutions to issue these funds under new regulations. This move is significant as it opens up more investment opportunities in the country, potentially attracting more investors and enhancing the financial market's diversity.

Bitcoin has surged past the significant $119,000 mark, marking a notable increase of 2.5% in just 24 hours and an impressive 8% over the past week. This upward trend is attracting the attention of major investors, indicating a renewed interest in the cryptocurrency market. Analysts are now setting their sights on a potential target of $130,000, as trading activity and institutional inflows continue to drive momentum. This development is crucial as it reflects growing confidence in Bitcoin's value and could signal further bullish trends in the market.

SBI Crypto, a Japanese cryptocurrency firm, has reported a significant loss of $21 million due to a suspected cyberattack linked to North Korea. This incident, which occurred on September 24, 2025, highlights the ongoing vulnerabilities in the crypto space and raises concerns about the security of digital assets. The movement of funds from company-linked wallets has been traced, emphasizing the need for enhanced security measures in the industry.

Justin Sun made a notable appearance at the inaugural Crypto Roast, delivering a keynote speech while TRON DAO served as the title sponsor for TOKEN2049. This event underscores TRON DAO's commitment to driving blockchain innovation and strengthening its global community connections, making it a significant moment for the industry.

The European Central Bank (ECB) is gaining momentum in its efforts to ban US-issued stablecoins, a move led by President Christine Lagarde. This initiative is significant as it aims to strengthen the euro's position against the dollar and enhance financial stability within the Eurozone. By regulating stablecoins, the ECB seeks to mitigate risks associated with digital currencies and ensure that the European financial system remains robust and competitive. This push reflects a broader trend of central banks worldwide reassessing their strategies in the face of growing digital currency adoption.

Justin Sun made a notable appearance at TOKEN2049 in Singapore, where TRON DAO served as the Title Sponsor. This event, recognized as Asia's leading crypto gathering, showcased the potential of blockchain technology and decentralized applications. Sun's keynote highlighted the importance of community governance in the evolving Web3 landscape, making it a significant moment for both TRON and the broader crypto community.

Etsy has become a platform for sellers claiming to offer spells that can enhance your financial prospects, including promises of turning buyers into crypto millionaires for just $73. This trend raises eyebrows as it blurs the line between belief and exploitation, especially in a volatile market like cryptocurrency. While some may find humor in the idea of 'witchcraft' for financial gain, it also highlights the lengths people might go to in hopes of quick wealth, which can lead to disappointment and financial loss.