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Bitcoin Reaches Its Highest Level Since January as Crude Sinks 8%
Markets

Bitcoin Reaches Its Highest Level Since January as Crude Sinks 8%

Bitcoin traded as high as $86,355 on Coinbase, its best level since Jan. 29, in a leg that started in the 8 a.m. UTC hour and extended through the U.S. open. West Texas Intermediate crude fell 8.1% and the Nasdaq Composite rose 1.6%. Perpetual funding sits near zero and the bitcoin and ether swaps trade below index. Of the 125 largest non-stablecoin tokens, 106 are higher.
Polygon Prepares Permissionless Burn of 100 Million POL
Tokens

Polygon Prepares Permissionless Burn of 100 Million POL

Contracts are on testnet and await final Security Council signatures, with later base-fee burns set to become community-callable each quarter, Sandeep Nailwal said.
CFTC
Regulation & Politics

CFTC Files Crypto Market Rulemaking With White House at Prerule Stage

The Office of Information and Regulatory Affairs received RIN 3038-AF80, "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets," from the CFTC on Sept. 17, two days after the Senate blocked the CLARITY Act. OIRA lists the filing at the prerule stage, not as a proposed rule. Executive Order 12866 gives OIRA 10 working days to review preliminary actions, against 90 days for proposed and final rules. It is the only CFTC action pending White House review, and Michael Selig is the agency's only sitting commissioner.
Neutrl Opens NUSD Redemptions at 51 Cents as Strata Junior Tranche Faces Wipeout
DeFi

Neutrl Opens NUSD Redemptions at 51 Cents as Strata Junior Tranche Faces Wipeout

Strata scheduled a 48-hour valuation update that would write jrNUSD to zero while withdrawals from its senior tranche settle in sNUSD at revised share values.
Coinbase Seeks CFTC Approval for US Single-Stock Perpetual Futures
TradFi & Fintech

Coinbase Seeks CFTC Approval for US Single-Stock Perpetual Futures

The contracts would trade 24/5 on Coinbase Derivatives, use hourly funding and clear through Nodal Clear, but the CFTC filing remains pending.
Fake AI Bot Tutorials Tricked 224 Victims Into Deploying Their Own Drainers
Security

Fake AI Bot Tutorials Tricked 224 Victims Into Deploying Their Own Drainers

TRM traced 274.60 ETH to six operator addresses after victims signed and funded malicious contracts themselves between February and August.
Blockchain Dead Drop Attacks Jump 420% as State Hackers Expand
Security

Blockchain Dead Drop Attacks Jump 420% as State Hackers Expand

Chainalysis says North Korean operators use Tron, Aptos and BNB Smart Chain as redundant command paths, while suspected Iranian actors encode routing data in Bitcoin transactions.
Bitcoin Runs to $81,000 and NEAR Adds 32% as Tokenization Tokens Lead
Markets

Bitcoin Runs to $81,000 and NEAR Adds 32% as Tokenization Tokens Lead

Crypto rallied through the Asia and Europe sessions and extended at the U.S. open, and 111 of the 125 largest non-stablecoin tokens are higher. Bitcoin is up 5.8% at $80,829 after touching $81,000, its best level since Sept. 4. NEAR Protocol added 32%, Starknet 27% and Arbitrum 26%, a day after the Securities and Exchange Commission cleared tokenized stocks to trade onchain. The S&P 500 is 0.1% lower.
Morpho
DeFi

Morpho Opens Borrowing Against Coinbase's Tokenized Stocks

Holders of five Coinbase stock tokens can pledge them for USDC loans on Base.
WisdomTree
TradFi & Fintech

WisdomTree Opens Tokenized Treasury Fund To MoonPay's 35 Million Accounts

MoonPay will build an access point for WTGXX and hold the tokenized money market fund against its stablecoin reserves. The fund runs $1.23 billion, fifth-largest in a $15.4 billion tokenized Treasury market.