☀️ Morning Briefing · September 24

**Price Snapshot**: BTC is trading roughly in the $84k–87k range with consolidation. On 9/22 it surged to $87,281 (an 8-month high) before giving back part of the gains. ETH is around $2,730. ZEC broke above $1,600, up about 80–90% over the past 30 days. The Fear & Greed Index is 76–79 (in the Greed zone). The Altseason Index is 51.

**Overnight Key Developments**:
- U.S. spot BTC ETFs have pulled in a frenzy of $1.7B over two days (9/21: $999M, 9/22: $714.7M). For ETF investors, it’s the first time overall they’ve broken even this year
- The SEC issued an "innovation exemption": tokenized stock platforms are exempt from parts of regulation for 5 years; in October, both the SEC and CFTC have crypto regulatory agendas
- Strategy added 950 BTC last week; in the past 24h, out of $746M liquidations, 86.85% were liquidations of shorts. Cover-style buy orders pushed prices higher
- Grayscale’s Zcash ETF saw a single-day inflow of $32.8M. Zcash traded volume (with shielded transactions) hit a 4-year high; the Russian MOEX Exchange launched BTC/ETH/SOL/XRP/TRX index perpetual futures

**Social Media Buzz**: The comment sections are tearing into each other over the question, "Is Altseason coming?" The RWA narrative is making a comeback (stablecoins at $290B, RWA at $34B). Expectations for an "Uptober" rally are building.

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