BTC at $77,060, down 0.95% over 24 hours, and ETH at $2,484.20, down 1.06%. Gold at $4,323.00 and silver at $63.69; the S&P 500 and Nasdaq 100 fell 0.48% and 0.82% respectively, while WTI rose 1.21%.
1. 10-year Treasury yield hits highest since 2007
The 10-year U.S. Treasury yield rose to 5.012%, its highest level since 2007, while the 30-year yield briefly topped 5.40% intraday. Markets now price a 92% chance of a rate hike at this week's FOMC meeting. The S&P 500 stood at 7,619.98 and the Nasdaq 100 at 29,127.16.
Assets to watch: SPX500 NAS100
2. Oil extends gains as WTI rises 1.01%
WTI crude rose 1.01% and Brent rose 0.99%. The correlation between oil prices and the 10-year Treasury yield has climbed to its strongest level since 2019.
Assets to watch: CL BZ
3. Temporal raises $550M Series E at $12.55B valuation
AI infrastructure company Temporal raised $550 million in a Series E round at a $12.55 billion valuation, co-led by Lightspeed, with Wellington Management, Goldman Sachs Alternatives and Tiger Global among participants.
4. Bitcoin at $77,933 as Clarity Act odds fall to 16%
Bitcoin traded at $77,933, up 1.63% over 24 hours. The U.S. Senate holds a procedural vote on the Clarity Act on Tuesday, with the bill's passage odds falling to 16% as some senators resist the latest text and banking groups flag stablecoin reward loopholes.
Assets to watch: BTC
5. BlackRock IBIT and Strive add to bitcoin holdings
BlackRock's IBIT accumulated $1.08 billion of bitcoin over the past 20 days. Separately, Strive bought 469 BTC for about $36.6 million between Sept 8 and 11, taking its treasury to 25,000 BTC, funded entirely through its SATA perpetual preferred stock, whose notional value crossed $1 billion for the first time.
Assets to watch: BTC IBIT
6. Solana more than triples transaction size limit
Solana raised its transaction size limit to 4,096 bytes in a mainnet upgrade, giving developers more room for zero-knowledge proofs and multi-signature transactions and narrowing the gap with Ethereum.
Assets to watch: SOL
7. XRP Ledger's Batch V1.1 upgrade one vote from activation
The XRP Ledger's Batch V1.1 upgrade is one vote away from activation, with 27 of 35 trusted validators supporting it, or about 77%. The change requires 80% support sustained over 14 days. RippleX said it has also fixed 11 additional bugs involving signature and authorization checks.
Assets to watch: XRP
8. Ethereum and Base wallet standards talks fail
Talks between Ethereum and Base over wallet standards have broken down, with the two pursuing different account abstraction designs after previously exploring a unified smart-contract wallet standard, according to Ethlabs researcher Derek Chiang.
Assets to watch: ETH
9. CoinEx to cease operations after 9 years
Crypto exchange CoinEx announced it will cease operations and begin an orderly liquidation, with withdrawals open until Dec 22. The company cited a prolonged crypto market downturn, falling volumes and rising compliance costs; its founder said the security and compliance risks of running an exchange had become too hard to control.
Market Snapshot
BTC: $77,060 (-0.95% 24h) | ETH: $2,484.20 (-1.06% 24h)
Gold: $4,323.00 (-0.66%) | Silver: $63.69 (-0.71%)
WTI: $102.62 (+1.21%) | Brent: $106.25 (+0.54%)
S&P 500: 7,619.98 (-0.48%) | Nasdaq 100: 29,127.16 (-0.82%)