Global cryptocurrency exchange Binance is listing OpenEden (EDEN). On the 29th (local time), Binance said on its official website, "Lombard was selected as the 47th Hodler Airdrop project," and "the spot trading pair is scheduled to be listed on the 30th at 20:00 (KST)."
French listed company Capital B (formerly The Blockchain Group) has reportedly purchased an additional 12 Bitcoin (BTC). On the 29th (local time), Capital B said on X (formerly Twitter), "Bought 12BTC," adding, "we are recording a 1656% year-to-date return." Capital B currently holds 2812 BTC.
China has unveiled the world's first regulated offshore yuan-linked stablecoin in Kazakhstan, accelerating yuan internationalization and the spread of blockchain technology. The launch is seen as demonstrating China's strategic intent to create a fissure in the US dollar-centered virtual asset (cryptocurrency) market and to reshape cross-border payment methods. On the 29th (local time), Reuters reported that AnchorX on the 17th obtained approval from Kazakhstan's financial authorities and issued the virtual asset 'AxCNH' linked to offshore yuan. The stablecoin is based on the technology of Conflux (CFX), a blockchain network supported by the Chinese government. Yang Guang, Conflux's chief technology officer (CTO), said, "The launch event was conducted quietly, but this could bring a 'butterfly effect' that changes future cross-border payment systems," adding, "Given the spread of US dollar stablecoins, it is hard to imagine that yuan stablecoins will not take hold 20 years from now." He also said, "Issuing offshore yuan stablecoins is possible without the approval of the People's Bank of China, and if it contributes to invigorating trade settlement, the Chinese government will support it." In recent years, China has actively promoted yuan internationalization to respond to trade frictions with the United States and sanction risks. This stablecoin project is interpreted as part of a strategy to expand payment networks with Belt and Road Initiative (BRI) countries. Yang Guang, the CTO, added, "We were asked by the Chinese government to build a blockchain platform." Augustine Fan, head of research at SignalPlus, analyzed, "This issuance is another attempt to expand the use of offshore yuan and shows that the Chinese government maintains a positive view of blockchain's potential," adding, "However, regulators will continue a cautious and gradual approach."
Bitcoin (BTC) is fluctuating in the low $100,000 range, and experts' views are divided. Some expect a long-term upward curve similar to gold, while others are focusing on short-term price bands and the timing of rotation into altcoins. On the 29th (local time), CoinDesk reported that James van Straten, CoinDesk's lead crypto analyst, said, "Bitcoin will continue a stair-step ascent supported by ETF inflows, but intermittent corrections of 10~20% may accompany it," explaining, "This is similar to how gold showed a long-term uptrend in the early 2000s but went through healthy corrective periods." He added, "Even if Bitcoin may lag gold in the short term, it will show an advantage in long-term returns." Crypto analyst Michaël van de Poppe said, "The area below $107,000 is a strong buy zone, and if $112,000 is breached and the close holds, capital rotation into altcoins will accelerate." According to CoinDesk research analysis, Bitcoin recently formed support and resistance around the $109,150~$109,750 range, with short-term support at $109,400~$109,575 and resistance at $109,750. The outlet assessed, "If $112,000 is recovered and maintained, upside momentum could reignite, but if it cannot be held, a period of range-bound consolidation is likely." Meanwhile, Peter Schiff, CEO of Euro Capital, sharply criticized Strategy's Bitcoin accumulation strategy. He argued, "Gold can absorb billions of dollars of selling without significant market shock, but selling the same amount of Bitcoin could trigger a sharp price drop and cascading liquidations," claiming that gold's market depth offers greater flexibility to large holders.
The U.S. Securities and Exchange Commission (SEC) is expected to make final decisions on a total of 16 crypto asset (cryptocurrency) exchange-traded funds (ETFs) within October. The review targets include major altcoins such as Solana (SOL), XRP (XRP), Litecoin (LTC), and Dogecoin (DOGE), and the deadline for each product continues throughout this month. On the 29th (local time), James Seyffart, a Bloomberg ETF analyst, said that a final decision on Canary's Litecoin ETF is scheduled for October 2 (local time). After that, Grayscale's conversion of Solana and Litecoin trusts (October 10) and WisdomTree's XRP ETF (October 24) will be reviewed in turn. The SEC may approve or reject them at any time before the final deadline. Nate Geraci, president of NovaDius Wealth Management, said, "The coming weeks are a very important time for spot crypto asset ETFs," adding, "Following Litecoin, decisions on Solana, Dogecoin, Ripple, Cardano (ADA), and Hedera (HBAR) ETFs are lined up." However, some in the market point out the absence of major asset managers. Crypto Dan, a crypto asset analyst, said, "This review does not include key players such as Fidelity or BlackRock," taking a somewhat cautious stance. Meanwhile, the SEC recently approved general ETF review standards. Seyffart said, "It could be a turning point that could lead to a wave of spot crypto asset exchange-traded products (ETP) launches."
Over the past 24 hours, the liquidation volume of positions in the crypto asset (cryptocurrency) perpetual futures market totaled $353.18 million. According to CoinGlass data on the 29th (local time), a total of $353.18 million worth of futures positions were liquidated in the crypto market over the past 24 hours. Specifically, $92.29 million of long positions were liquidated and $260.88 million of short positions were liquidated. The asset with the largest liquidation volume was Ethereum (ETH). Ethereum saw $128.83 million in position liquidations over 24 hours, of which long positions and short positions were liquidated for $10.99 million and $117.84 million, respectively. Bitcoin (BTC) ranked second. During the same period, Bitcoin saw $51.74 million in liquidations, of which long positions accounted for $4.5 million and short positions accounted for $47.24 million.
Global digital asset (cryptocurrency) exchange Binance will list Swarm Network(TRUTH) perpetual futures. On the 29th (local time), Binance announced on its official website, "We will list TRUTH/USDT perpetual futures on October 1 at 21:30 (KST)." It supports up to 50x leverage.
Anthony Apollo, Executive Director of the Wyoming Stabletoken Commission, explained the reasons for the state's issuance of a stablecoin. He said it is the core of the virtual asset initiative. At the '2025 Asia Stablecoin Conference' held in Seoul on the 25th, Anthony, Director of the Wyoming Stabletoken Commission, said in the 'Digital Assets for Public Goods' session presentation, "Wyoming, through proactive legislation, launched the United States' first state-issued stablecoin," and "the stablecoin can be purchased and redeemed for $1, and is collateralized by conservative assets such as short-term U.S. Treasury securities." He cited strengthening digital asset cohesion, offering fully reserved financial products, and diversifying state revenue as reasons for the state's launch of a stablecoin. He said, "Stablecoins are the key asset that ties Wyoming's virtual asset initiative together," and "through this we aim to offer new financial products with 100% reserves." Earlier, Wyoming had established a special-purpose depository institution (SPDI) to attempt something similar, but it was halted by regulations under the Biden administration. He added, "Most of Wyoming's revenue depends on oil and gas," and "stablecoins could become a new source of revenue for the state." He also emphasized that the state of Wyoming is actively participating in pro-virtual-asset movements. He elaborated, "Since 2016 we have proposed about 80 virtual asset and blockchain bills," and "there is also a law that prevents government agencies from forcibly requiring individuals to surrender their private keys."
 A claim has emerged that the top 10 blockchains could launch their own native stablecoins within three months. At the '2025 Asia Stablecoin Conference' held in Seoul on the 25th, Gai Young, CEO of Ethena (ENA), said in the "Activating the Internet Dollar" session presentation that "the area we have been most focused on recently is native stablecoins," adding, "After discussions with the top 10 chains, we expect most to launch their own native stablecoins within 2–3 months." He evaluated that Hyperliquid (HYPE)'s launch of its own stablecoin had a significant impact on the industry. CEO Gai Young said, "The recent launch of Hyperliquid's USDH was a major turning point for the industry," and added, "It made every app, chain, and wallet consider how to return economic benefits to users." He went on to say, "The recent collaboration announcement with MegaETH was made in the same context." Earlier, Ethena had announced that, in collaboration with MegaETH, it would launch the native stablecoin 'MegaUSD'. He also said they are reviewing products for institutional clients. He said, "Although large amounts of institutional capital flowed into this cycle, only some areas, such as spot Bitcoin exchange-traded funds (ETFs), benefited," adding, "decentralized finance (DeFi) is still lagging behind." He continued, "It's important that products are offered in a form that traditional financial investors can use, not just that products are created." Finally, he expressed expectations for the Korean market. Gai Young said, "The stablecoin market will grow to a scale of 3–5 years and reach 3 trillion dollars," and added, "Ethena will lead stablecoin innovation in Asia, including Korea."
Amid growing interest in stablecoins, LayerZero (ZRO) announced ambitions to increase market accessibility. On the 5th, participating in the '2025 Asia Stablecoin Conference' held in Seoul, Simon Baksis, vice president of business development at LayerZero (ZRO), said in the 'Setting Stablecoin Standards' session presentation, "Last year's global stablecoin transaction volume exceeded Visa's (VISA) transaction volume," adding, "With strong competitiveness, more companies will enter the stablecoin market going forward." He cited △borderless transactions △sovereign currency △low transaction costs as factors driving the stablecoin market's growth. He explained that using stablecoins allows users to fully own and use currency without restrictions of borders or business hours. In particular, low transaction costs were emphasized as the greatest strength. Simon said, "Last week, a $270 million transfer was completed in under three minutes with a fee of just $0.59," adding, "This is something unimaginable in the traditional financial world." He continued, "This is truly a remarkable innovation and the reason the market values stablecoins highly." He also emphasized LayerZero's role in the stablecoin market. "Even looking at the foreign exchange (FX) market alone, non-dollar currency trading amounts to $7.5 trillion a day," he said. "As non-dollar-based stablecoins increase, interoperability between assets will become more important." He added, "Since LayerZero currently supports 65% of global stablecoins, we will further increase global stablecoin accessibility through △native bridging △cross-asset interoperability △direct deposit functionality." He also predicted that Korea and the Asia-Pacific region will become centers for stablecoin adoption. Simon said, "The next wave of innovation and adoption will begin in Korea and the Asia-Pacific region," and added, "We will double resources, capital, and personnel to make this innovation a reality."
The global stablecoin industry is only in its early stages, and it has been argued that Asia could become the center of this market. At the '2025 Asia Stablecoin Conference' held in Seoul on the 25th, Alex Lim, LayerZero (ZRO) Head of Asia-Pacific (APAC), said in a keynote, "Stablecoins are a money technology that surpasses all existing financial systems," and added, "With infrastructure and regulatory innovation, full-scale global adoption will begin." Lim emphasized that the pace of stablecoin infrastructure development is currently very fast. He said, "Through LayerZero, assets worth hundreds of millions of dollars could be moved in just a few minutes for only 59 cents," and added, "This kind of innovation exists nowhere else in the world. The stablecoin market will expand further." He continued, "Regulatory frameworks are being established in major economic regions such as Asia, Europe, and the United Arab Emirates (UAE), and stablecoin adoption is increasing," and "South Korea is also seeing greater interest from the government and regulators than in the past." He particularly predicted that Asia would become the center of the global stablecoin market. Lim said, "Asia has more than 10 major developed countries and has different languages, ethnicities, and currencies," explaining, "Stablecoins are an essential element in areas such as cross-border payments and remittances." He added, "Finance, consumption, and remittances via apps have already become part of everyday life in Asia," and "In the future, anyone will be able to use stablecoins easily."
The Hong Kong Monetary Authority (HKMA) said that reports that a renminbi stablecoin had been issued in Hong Kong are not true. On the 24th (local time), industry sources reported that the HKMA said, "The reports that a renminbi stablecoin exclusively for cross-border transactions was recently issued in Hong Kong are not true," and added, "Issuing or promoting a stablecoin in Hong Kong requires a license from the authorities." It is known that Hong Kong authorities have not issued such a license to date. Earlier, it was reported in communities that the Chinese fintech firm AnchorX announced the launch of the renminbi stablecoin AxCNH in Hong Kong.
There are claims that Wall Street choosing Ethereum (ETH) could mark the start of a super cycle. On the 24th (local time), according to The Block, Tom Lee, chairman of Bitmine, said at the Korea Blockchain Week conference, "Ethereum is a truly neutral chain," adding, "Wall Street will prefer to do business only on neutral chains." He also added, "The White House and the U.S. Congress are also paying attention to Ethereum." He also forecast that Ethereum could rise to $10,000~$12,000 within the year. Furthermore, he said, "Ethereum could enter a super cycle within the next 10~15 years," and "the all-time high will not stop at $15,000."
The market capitalization of the stablecoin market has reportedly reached an all-time high. On the 24th (local time), Cointelegraph said via X(formerly Twitter), "The stablecoin market cap has once again reached an all-time high," adding, "the current market cap stands at $291 billion."
Nasdaq-listed Chinese electric vehicle maker Jiuzhi Holdings has approved a plan for a large-scale investment in virtual assets (cryptocurrencies). According to PR Newswire on the 24th (local time), Jiuzhi approved a $1 billion Bitcoin investment plan. Initial investment targets are Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Future purchases of other assets will require board approval. Tao Li, Jiuzhi's chief executive officer (CEO), said, "We are pleased to begin our crypto asset investment strategy," and added, "We will increase shareholder value over the long term."
A claim has emerged that the price of Bitcoin (BTC) cannot help but rise. On the 24th(local time), PlanB cryptoasset(cryptocurrency) analyst said on X(formerly Twitter), "If fiat currency continues to be issued, Bitcoin will inevitably rise," saying, "Bitcoin's value is closely tied to scarcity." Meanwhile, according to Cointelegraph, the current U.S. M2 money supply stands at 22.2 trillion dollars, marking an all-time high.
U.S. Treasury Secretary Scott Bessent pointed out that Federal Reserve (Fed) Chair Jerome Powell did not indicate the direction of interest rates. On the 24th (local time), according to Walter Bloomberg, Secretary Bessent said, "It is surprising that Powell did not clearly indicate the direction of interest rates," adding, "The Fed has kept rates at very high levels for a long time." He continued, "The United States has now entered a (monetary policy) easing cycle," and emphasized, "Rate cuts are necessary." He specifically argued, "Powell should have hinted at the possibility of at least a 100~150bp (1.00~1.50%p) cut," and insisted, "At minimum, rates should be returned to neutral levels."
Global virtual asset (cryptocurrency) exchange Binance will delist UXLINK(UXLINK) perpetual futures. On the 24th (local time), Binance said on its website, "UXLINK/USDT perpetual futures will be delisted at 18:00 on the 26th (KST)."
Trading of USDH, the stablecoin of the decentralized futures exchange Hyperliquid (HYPE), has begun. On the 24th (local time), according to Unfolded, Hyperliquid listed its own stablecoin USDH and began trading it in the USDH/USDC pair. Initial trading volume was $2.2 million. Previously, Hyperliquid selected Native Markets as a partner to issue USDH.
A claim has emerged that the era of the decentralized perpetual futures exchange (PerpDex) has begun. On the 24th (local time), Changpeng Zhao, founder of Binance, said on X (formerly Twitter), "Now everyone wants to establish a decentralized futures exchange," and "The era of PerpDex has begun." He added, "The more participants join, the faster the market grows, and in the long term the best builder will win."
Whales who have held Bitcoin (BTC) long-term have reportedly begun large-scale profit-taking. On the 24th (local time), crypto asset (cryptocurrency) analyst Ali Martinez said on X (formerly Twitter), "Long-term Bitcoin holding whales have realized $120 million in profits." At 8:20 p.m., on the Binance USDT market, Bitcoin was trading at $113,039, up 0.2% from 24 hours earlier.
The UK's first Bitcoin (BTC) reserve company, B HODL, has secured 100 BTC. On the 24th (local time), The Block reported that B HODL purchased 100 BTC (about $11.3 million). The average purchase price per coin was $113,227. B HODL said, "We plan to continue focusing on Bitcoin accumulation in the long term." They currently hold 2,525 BTC.
Global virtual asset (cryptocurrency) exchange Binance will list FLUID perpetual futures. On the 24th (local time), Binance announced on its official website, "Today at 19:15 (KST) we will list FLUID perpetual futures." It supports up to 75x leverage.
Aster (ASTER), a decentralized perpetual futures exchange supported by Easy Labs (formerly Binance Labs), is reportedly planning to launch its own blockchain. On the 24th (local time), according to SolidIntel, Leonard Aster, CEO, said, "The native network, Aster Chain, will be launched soon," and added, "It is currently in the testing phase." Aster Chain will offer △ native perpetual contract integration △ low fees △ a token buyback program.
Over 110 for 3 consecutive months for the first time in 7 years Consumers' expectations about the economy remained at a high level for three consecutive months. Analysts say expectations surrounding the new government's inauguration and the distribution of consumer coupons, which have stimulated domestic demand, are influencing this. According to the 'Consumer Sentiment Survey' released by the Bank of Korea on the 24th, the September consumer sentiment index (CCSI) was 110.1. It fell 1.3 points from August (111.4), which recorded the highest level in 7 years and 7 months, but still remained above 110. The consumer sentiment index being at or above 110 for three consecutive months is the first time in about 7 years since October 2017–January 2018. A CCSI above 100 means that consumer sentiment is optimistic compared with the long-term average (2003–2024), while below 100 means pessimistic. Recently, the consumer sentiment index plunged by 12.5 points in December last year due to emergency martial law, then fluctuated and showed a five-month consecutive rise from April to August this year. It slipped slightly this month, but high levels above 110 have continued since July. Lee Hye-young, head of the Bank of Korea's Economic Sentiment Survey Team, explained, "Many consumers still make optimistic judgments more often." Many interpret the high consumer sentiment as largely due to the effect of the new government's inauguration. Expectations about policies have driven the KOSPI sharply higher, and the distribution of consumer coupons has stimulated domestic demand, leading to improved consumer sentiment. This month's slight weakening appears to be due to weak construction activity and delays in reaching a tariff agreement with the United States. The team leader said, "As uncertainty increased, concerns about the future economy emerged." Reporter Kang Jin-gyu josep@hankyung.com
Kim Jae-seop of the People Power Party has introduced the Digital Asset Market Integration Act as the principal sponsor. The bill is the third virtual asset industry bill submitted to the National Assembly. On the 24th (local time), industry sources said Kim Jae-seop introduced the 'Digital Asset Market Integration Act' as the principal sponsor. The bill includes △operator licensing and registration system △protection of user assets △regulation of unfair trading △stablecoin issuance and redemption obligations △special provisions for virtual asset derivatives, among others. In particular, it is notable that domestic virtual asset exchanges would be allowed to legally operate derivatives markets. For stablecoins, issuance authorization requirements are strengthened and investor protection measures were also put in place, such as imposing an obligation to redeem within 5 days upon a redemption request.
The United States' M2 (broad money such as cash and deposits) money supply has reached an all-time high. On the 24th (local time), Cointelegraph said on X (formerly Twitter), "U.S. M2 money supply recorded $22.2 trillion," saying "this is an all-time high." The expansion of the money supply is known to influence an increase in demand for Bitcoin (BTC), an inflation hedge.
The global cryptocurrency exchange Binance will list Plasma (XPL). On the 24th (local time), Binance said on its official website, "Plasma has been selected as the 44th Hodler Airdrop Project," and "The spot trading pair is scheduled to be listed on the 25th at 22:00 (KST)."
RexShares-Osprey's Solana (SOL) staking exchange-traded fund (ETF) 'SSK' recorded a $2.5 million net inflow the previous day. On the 24th (local time), according to Palisade Investor, the previous day Solana staking ETF SSK had a $2.5 million net inflow. Its cumulative inflows to date amount to $278.6 million. As of 4:53 PM, on the Binance USDT market, Solana is trading at $210, up 3.89% from 24 hours earlier.
The virtual asset (cryptocurrency) Fear & Greed Index rose by 1 point compared to the previous day, showing signs of recovering investor sentiment. The Fear & Greed Index is an indicator of market sentiment: values closer to 0 indicate extreme fear, while values closer to 100 indicate extreme greed. On the 24th (local time), the Fear & Greed Index provided by crypto analytics firm Alternative stood at 44 out of 100, remaining in the 'Fear' phase. The index rose 1 point from the previous day (43 points), showing a slight improvement in market sentiment. The Fear & Greed Index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), and Google search volume (10%).