Post by John (@Agubata)

Forwarded this email? Subscribe here for more
Crypto Weekly 9/27/26
Crypto Hits $3 Trillion for the First Time Since January, Zcash Rockets to a 10-Year High, and Cathie Wood Tokenizes Her $1.3 Billion ARK Venture Fund
Maaria Bajwa
Sep 27

READ IN APP

PRICE CHANGE: WTD/YTD
- Crypto Market Cap ($2.97T): +4% / -3%
- BTC ($84,455): +3% / -4%
- ETH ($2,688): 0% / -9%
- SOL ($122): +8% / -2%
- HYPE ($92): -3% / +260%
- COIN ($195): 0% / -14%
- Tether Mkt Cap ($184B): 0% / -2%
- USDC Mkt Cap ($75B): +1% / -1%
- BTC / ETH Dominance: 57% / 11%

THIS WEEK IN CRYPTO
- Digital assets hit a market cap of $3 trillion for the first time since January, with the market adding more than $740 billion in value since the US Treasury’s announcement last month that it would increase buybacks of long-dated bonds. Link. Link.

- Bitcoin fell at the end of the week as broader market forces weight on risk assets, cooling a recent rally that had pushed the token to an eight-month high. Link.

- The SEC said that token buybacks, network upgrades, and marketing claims don’t automatically turn a crypto asset into a security. Link. FAQ.

- Flows into Bitcoin spot ETFs have swung positive for the year, with investors pouring over $4.6 billion into the funds since August 19. Link.

- Coinbase is giving US retail customers access to IPO allocations through its app, starting with hardware startup Oura’s debut this week. Link. Link. Link.

- BlackRock has built 3 investment portfolios of stock, bond, and bitcoin ETFs that will be tokenized by Ondo Finance and trade as digital tokens. Link.

- The Trump administration is considering an initiative to promote the use of dollar-denominated stablecoins overseas, in an effort to reinforce USD’s status as the world’s reserve asset. Link.

- Cathie Wood is tokenizing the $1.3 billion ARK Venture Fund, a closed-end vehicle that launched in 2022 and invests in public and private companies like Anthropic, Kalshi, SpaceX, and Stripe. The fund will be moved to Ethereum by Securitize Corp. Link.

- Privacy cryptocurrency Zcash hit a 10-year high of $1,600, gaining 88% over the past month. Zcash is now a top 10 cryptocurrency by market cap. Link.

- The Federal Reserve proposed rules requiring Fed-supervised stablecoin issuers to fully back tokens with permissible assets like short-term Treasuries and meet capital requirements, while creating an application process for banks seeking to issue stablecoins. Link. Link.

- Blockchain.com and NYSE have signed an MOU to give Blockchain.com users access to tokenized US exchange-listed stocks and ETFs through NYSE’s plannet 24/7 digital trading venue. Link. Link.

- A $357 million hack of crypto exchange BitGet was likely carried out by North-Korean hackers, pushing the nation-state’s haul from digital-asset thefts above $1 billion this year. Link. Link.

- Crypto exchange Binance is investing $100 million in USDC stablecoin issuer Circle to promote USDC in emerging markets. Link. Link.

- Legacy approvals on Magic Eden’s marketplace left NFTs worth more than $5.7 million and wrapped ETH worth $1.7 million exposed in an exploit. Link.

- Fintech SoFi has begun settling debit and credit card transactions using its SoFiUSD stablecoin on Mastercard’s global payments network, with the entire $25B card program moving to blockchain-based settlement. Link.

- Canada’s six largest banks are jointly exploring a Canadian-dollar tokenized deposit system that would allow banks to settle transfers instantly and around the clock. Link. Link.

- CFTC Chair Michael Selig said regulators need to prepare markets for “mass tokenization”. Link.

- Bitcoin treasury company Strategy is asking its shareholders to approve daily dividends. Link.

- The ECB plans to invest a small portion of its own funds in tokenized, euro-denominated securities issued by governments, public agencies, and European institutions. Link.

- CFTC staff said regulated futures firms can invest customer funds in tokenized versions of already-permitted assets, including government money market funds, and keep required records onchain. Link.

- Crypto super PAC Fairshake plans to spend $30 million opposing former Democratic Senator Sherrod Brown’s bid to return to Congress, in an Ohio race that could determine control of the Senate. Link.

0 likes · 0 comments · 0 shares