BTC traded at $81,572, up 0.64% over 24 hours, while ETH stood at $2,681.06, up 2.34%. Gold was at $4,414.00 and silver at $67.240; the S&P 500 and Nasdaq 100 rose 0.17% and 0.67%, respectively, while WTI and Brent fell 2.30% and 2.28%.
1. BTC reclaims 50-week average, confirming bear bottom
Galaxy research head Alex Thorn said BTC's weekly close has moved back above its 50-week moving average for the first time in 45 weeks, after bitcoin gained 29% over 35 days. Historically, reclaiming the 50-week average strongly confirms a bear-market bottom is now in place.
Assets to watch: BTC
2. Russian central bank eyes 1% crypto cap
Russia's central bank proposed a draft rule requiring commercial banks to cap their exposure to crypto assets and related instruments at 1% of their own capital, covering direct holdings, derivatives, loans and bonds. The rule is still in draft and planned for release in Q4 2026, taking effect 10 days after publication, with banks expected to report data from January 2027.
3. Canary Capital files staked SEI ETF amendment
Canary Capital filed a second amendment to the S-1 registration statement for its Staked SEI ETF, which will hold spot SEI. The amendment significantly reworks the staking mechanics, with roughly 90% of assets expected to be staked and custody handled exclusively by BitGo.
Assets to watch: SEI
4. 0G launches compute-finance layer and staking
AI trust layer and frontier AI project 0G launched Compute Finance (ComFi), a new financial layer that lets digital assets generate spendable AI compute. The launch also introduces the liquid staking product Ascend and teases the compute-backed digital asset Infinite AI (iAI), set to go live on September 29.
5. Garrett Jin closes ZEC short at $36M loss
According to Onchain Lens, Garrett Jin closed a ZEC short he had held for three months at a final loss of $36.13 million. He still holds a long position of 1,330 BTC worth about $107.77 million, showing an unrealized gain of $3.71 million.
Assets to watch: ZEC, BTC
6. OTC bitcoin reserves hit record low of 123K
CryptoQuant analyst Darkfost said bitcoin reserves held by known over-the-counter platform addresses have fallen to about 123,000 BTC, a record low, versus nearly 500,000 BTC in September 2021. He attributed the decline to investors favoring long-term holding and miners selling less via OTC, with future demand likely shifting to public markets.
Assets to watch: BTC
7. XPL leads $158M token unlock next week
Per Token Unlocks data, Plasma (XPL) will unlock about 1.76 billion tokens on September 25 Beijing time, roughly 63.2% of circulating supply and worth about $158 million; Humanity Protocol (H) unlocks about 266 million tokens the same day, worth about $19.2 million.
Assets to watch: XPL, H
8. Gemini shares down 80% since IPO
Crypto platform Gemini Space Station (GEMI) has fallen about 80% since its IPO, with its market cap dropping from a peak of roughly $4 billion to about $753 million, CoinDesk reported. Its second-quarter trading revenue fell 38% year-over-year to $12.5 million, and custody assets dropped from $18.2 billion to $8.4 billion; despite the trading pressure, its regulatory licenses are still seen as a key asset for potential acquirers seeking US compliance access.
Market snapshot
BTC: $81,572 (24h +0.64%) | ETH: $2,681.06 (24h +2.34%)
Gold: $4,414.00 (-0.25%) | Silver: $67.240 (+0.14%)
WTI: $97.99 (-2.30%) | Brent: $101.50 (-2.28%)
S&P 500: 7,650.50 (+0.17%) | Nasdaq 100: 29,644.17 (+0.67%)
1. BTC reclaims 50-week average, confirming bear bottom
Galaxy research head Alex Thorn said BTC's weekly close has moved back above its 50-week moving average for the first time in 45 weeks, after bitcoin gained 29% over 35 days. Historically, reclaiming the 50-week average strongly confirms a bear-market bottom is now in place.
Assets to watch: BTC
2. Russian central bank eyes 1% crypto cap
Russia's central bank proposed a draft rule requiring commercial banks to cap their exposure to crypto assets and related instruments at 1% of their own capital, covering direct holdings, derivatives, loans and bonds. The rule is still in draft and planned for release in Q4 2026, taking effect 10 days after publication, with banks expected to report data from January 2027.
3. Canary Capital files staked SEI ETF amendment
Canary Capital filed a second amendment to the S-1 registration statement for its Staked SEI ETF, which will hold spot SEI. The amendment significantly reworks the staking mechanics, with roughly 90% of assets expected to be staked and custody handled exclusively by BitGo.
Assets to watch: SEI
4. 0G launches compute-finance layer and staking
AI trust layer and frontier AI project 0G launched Compute Finance (ComFi), a new financial layer that lets digital assets generate spendable AI compute. The launch also introduces the liquid staking product Ascend and teases the compute-backed digital asset Infinite AI (iAI), set to go live on September 29.
5. Garrett Jin closes ZEC short at $36M loss
According to Onchain Lens, Garrett Jin closed a ZEC short he had held for three months at a final loss of $36.13 million. He still holds a long position of 1,330 BTC worth about $107.77 million, showing an unrealized gain of $3.71 million.
Assets to watch: ZEC, BTC
6. OTC bitcoin reserves hit record low of 123K
CryptoQuant analyst Darkfost said bitcoin reserves held by known over-the-counter platform addresses have fallen to about 123,000 BTC, a record low, versus nearly 500,000 BTC in September 2021. He attributed the decline to investors favoring long-term holding and miners selling less via OTC, with future demand likely shifting to public markets.
Assets to watch: BTC
7. XPL leads $158M token unlock next week
Per Token Unlocks data, Plasma (XPL) will unlock about 1.76 billion tokens on September 25 Beijing time, roughly 63.2% of circulating supply and worth about $158 million; Humanity Protocol (H) unlocks about 266 million tokens the same day, worth about $19.2 million.
Assets to watch: XPL, H
8. Gemini shares down 80% since IPO
Crypto platform Gemini Space Station (GEMI) has fallen about 80% since its IPO, with its market cap dropping from a peak of roughly $4 billion to about $753 million, CoinDesk reported. Its second-quarter trading revenue fell 38% year-over-year to $12.5 million, and custody assets dropped from $18.2 billion to $8.4 billion; despite the trading pressure, its regulatory licenses are still seen as a key asset for potential acquirers seeking US compliance access.
Market snapshot
BTC: $81,572 (24h +0.64%) | ETH: $2,681.06 (24h +2.34%)
Gold: $4,414.00 (-0.25%) | Silver: $67.240 (+0.14%)
WTI: $97.99 (-2.30%) | Brent: $101.50 (-2.28%)
S&P 500: 7,650.50 (+0.17%) | Nasdaq 100: 29,644.17 (+0.67%)