Bitcoin rises to around $114,000, recovering some of last week's losses: CNBC Crypto World
CNBC Television·2025-09-29 19:00

Market Trends & Regulatory Landscape - Digital currencies are rising, with Bitcoin climbing 35% to under $114,000, and Ether and Solana's SOL token climbing by about the same [2] - Swift is working to add a blockchain-based settlement solution, partnering with over 30 financial institutions to create a ledger for cross-border payments [4] - The Blockchain Association cautions against rolling back the Clarity Act, reaffirming support for the Genius Act, which establishes one-to-one reserves, federal supervision, and strict transparency for dollar-denominated stablecoins [6] - Security experts are asking lawmakers to re-examine parts of the Clarity Act over national security concerns, particularly regarding money laundering and sanctions evasion [9] - Regulatory acceptance of crypto in the US is a significant advancement, with the US aiming to position itself to foster crypto development [27][28] Company Specific News (E Toro & Orange BTC) - E Toro shares rose nearly 2% after announcing the launch of staking for US customers, allowing users to earn monthly rewards on ETH, ADA, and SOL holdings [2] - E Toro plans to expand its staking program to include more crypto assets in the future [3] - Orange BTC, a Bitcoin treasury company based in Latin America, purchased around $400 million in Bitcoin [11][16] - Orange BTC views Bitcoin as a hedging asset for Latin American investors to maintain purchasing power and savings growth, given the region's history of inflation and volatile capital markets [18] - Orange BTC believes the treasury model is a better model and can provide education to help people understand the asset and decide how to use it within their portfolios [21][22]