Market Performance & Trends - Bitcoin fell to $19,000, Ether dropped approximately 1.5% to under $4,000, and Solana's SOL token decreased by over 2.5% to below $196 [1] - Bitcoin is down more than 5% for the week, while Ether is down more than 11% week to date, marking its worst week since April 18th when it fell more than 13% [3] - Solana (SOL) is down more than 16.5% on pace for back-to-back weekly losses [4] - Digital asset treasuries (DATs) are experiencing challenges, with a normalization towards net asset value (NAV) [5][6][7] Macroeconomic Factors & Regulatory Landscape - The core personal consumption expenditures (PCE) price index, excluding food and energy costs, rose by 2.9% seasonally adjusted annual rate [2] - The market is pricing in two quarter-point rate cuts by the Federal Reserve (Fed) [14] - Regulatory clarity, particularly regarding multi-token portfolios and ETFs, is expected to positively impact the crypto market [12][17][18] - Increased coordination between the SEC and CFTC is anticipated to be beneficial [12] Franklin Templeton's Perspective - Franklin Templeton views the current regulatory environment as a catalyst for further growth and adoption of digital assets [23][24][25] - The company is experiencing increased client interest in digital assets and is focusing on developing models that integrate digital and traditional assets [21][22] - Franklin Templeton anticipates greater institutionalization of digital assets, potentially leading to suppressed volatility [20]

RT Cassie Craddock (@CraddockCJ)Earlier this week I posted about the Downing Street roundtable during President Trump's state visit to the UK that I attended alongside representatives from the UK and US governments and financial and crypto industries. This meeting was the precursor to the announcement of the UK-US Transatlantic Taskforce for Markets of the Future, an important initiative which will build on the deep and enduring partnership between the UK and the US in financial services.The new Taskforce w ...

Core Insights - Korean retail investors, referred to as "Seohak ants," sold ₩916.3 billion (approximately USD 657 million) worth of Tesla shares in August, marking the largest monthly sell-off since 2019, and shifted their investments towards cryptocurrency-related companies [1][3] - The shift in investment strategy reflects a broader trend of moving from traditional stocks to digital assets, with significant capital flowing into U.S.-listed crypto firms like Coinbase and Circle [1][2] Investment Trends - The sell-off included around USD 550 million exiting from the TSLL ETF, indicating a cooling investor appetite for Tesla and related stocks [3] - Analysts suggest that political factors, including tensions involving Elon Musk, have contributed to the decline in investor sentiment towards Tesla [4] Cryptocurrency Market Dynamics - Funds exiting Tesla shares were directed towards cryptocurrency firms, indicating a perception of growth potential within the digital asset ecosystem [5] - Bitmain Immersion Technologies saw a net inflow of approximately USD 253 million, highlighting the increasing recognition of cryptocurrency firms as a major asset class [5][6] Institutional Adoption - The trend signifies a structural shift in investor sentiment, with companies like Marti Technologies reallocating 20% of cash holdings into Bitcoin, reflecting the growing acceptance of digital assets in institutional portfolios [7] - The inflow of capital into cryptocurrency firms suggests they are becoming active investment destinations rather than merely volatile entities [8] Implications for Global Markets - The capital shift indicates a fundamental transformation in investment patterns among Korean retail investors, with cryptocurrency becoming a core asset in institutional portfolios [9] - This trend could create a positive feedback loop, driving growth for exchanges and associated infrastructure firms, and influencing global supply and demand dynamics for newly listed coins [10]

Group 1 - Melanion Capital is raising €50 million (approximately $53 million) to invest directly in Bitcoin as part of a new treasury strategy [1] - The firm is introducing a private, regulated Bitcoin Treasury Operated Company (BTOC) model, allowing for better management of volatility and liquidity [2] - By leveraging its own balance sheet, Melanion aims to demonstrate the sustainability of a Bitcoin treasury before offering the framework to other private businesses [3] Group 2 - Melanion views Bitcoin as a critical tool for long-term monetary transition and not just a hedge against inflation, marking one of the largest private Bitcoin treasury commitments in Europe [4] - The firm previously launched Europe's first UCITS-compliant Bitcoin Equities ETF in 2021 and is now shifting to a more aggressive Bitcoin strategy [5] Group 3 - LQWD Technologies has increased its Bitcoin reserves by adding 5 BTC, totaling approximately 166 BTC, while maintaining a debt-free status [6] - Keen Golden has purchased nearly 106 BTC for $12 million as part of a strategic deal with Bitmain Group, linking the acquisition to a supercomputing server purchase for crypto mining [7]

Digital Yuan Development - China's central bank establishes digital yuan operations center in Shanghai [1] - Center features platforms for cross-border payments, blockchain technology, and digital assets [1] Global Adoption - Initiative represents a step towards global adoption of China's digital currency [1]

At the High-Level Dubai Meeting on Vietnam's Digital Future, congratulations were extended, and both sides reached a broad consensus on advancing cooperation under the pilot framework.During the discussion, the Deputy Prime Minister of Vietnam, H.E. Nguyen Hoa Binh congratulated Ben Zhou, Co-Founder and CEO of Bybit, Helen Liu, Co-CEO of Bybit and Yonghui Tan, CFO on Bybit's rapid global growth and success, emphasizing Vietnam’s priority to establish a pilot legal framework for digital assets as part of its ...

TradFi is waking up.Mastercard just welcomed Plume into its Start Path program.This gives $PLUME global access, product collaboration, and the push to take institutional RWAs mainstream.Plume - RWAfi Chain (@plumenetwork):Plume has joined @Mastercard Start Path 💳We're proud to be one of five startups selected, shaping the future of digital assets.Leading RWA adoption with onchain infrastructure for institutions such as @BlackRock, @blackstone, @apolloglobal, and @InvescoUS https://t.co/1F3fW2mEZO ...

Oh my*Walter Bloomberg (@DeItaone):*SENATE PANEL TO HOLD TAXATION OF DIGITAL ASSETS HEARING OCT 1 ...

Not gonna get my hopes up....but yeah my hopes are starting to get upTax treatment of crypto is one of the single most important issues on my mind as someone active in the industry. Current tax treatment is a gigantic PITA for Americans and an active blocker to unseating other world powers as the "place to be" for crypto people*Walter Bloomberg (@DeItaone):*SENATE PANEL TO HOLD TAXATION OF DIGITAL ASSETS HEARING OCT 1 ...

Platform & Technology - Rollup TV mini app integrates tips, token buying/selling, and predictions [1] - Rollup is building on @base to enhance streaming experiences [1] - Onchain features and real-time interactions are coming soon to the @baseapp [1] User Engagement - Viewers are becoming active participants [1] - The platform aims to set a new standard for streaming experiences [1] Growth & Focus - Rollup is the fastest-growing stream in digital assets [1]