Yesterday’s Crypto Market News Roundup
1. BTC surged and then retreated, with PCE data briefly boosting sentiment. On September 30, U.S. PCE inflation year over year came in at 3.4%, below the expected 3.7%, while core PCE was 3.0% YoY. BTC briefly broke through $85,600, then fell back to around $83,500. Market expectations for an October rate hike clearly cooled.
2. European regulators seek stronger crypto enforcement powers. The European Securities and Markets Authority (ESMA) has recommended granting regulators stronger enforcement capabilities over crypto assets, including requiring crypto firms to freeze relevant assets when regulators have reasonable grounds to suspect the assets are connected to criminal activity.
3. The UK officially opens a window for applying for crypto regulatory licenses. The UK Financial Conduct Authority (FCA) will accept authorization applications from crypto businesses starting September 30, with the application window running until February 28, 2027. The new crypto-asset regulatory framework is expected to be formally implemented on October 25, 2027.
4. Base completes the Cobalt upgrade, further expanding on-chain capabilities. Base mainnet received the Cobalt upgrade on September 30, adding conditional trading and B20 asset-related functions, further strengthening its ability as an Ethereum L2 for applications and asset issuance.
5. Institutional capital keeps betting on “AI + Crypto.” Multicoin Capital announced that its hedge fund and venture fund portfolio investments in Grass, positioning it as a “data read layer” for machine intelligence. Previously, Grass connected large user network resources through the DePIN model, providing infrastructure for AI training and real-time data retrieval.
1. BTC surged and then retreated, with PCE data briefly boosting sentiment. On September 30, U.S. PCE inflation year over year came in at 3.4%, below the expected 3.7%, while core PCE was 3.0% YoY. BTC briefly broke through $85,600, then fell back to around $83,500. Market expectations for an October rate hike clearly cooled.
2. European regulators seek stronger crypto enforcement powers. The European Securities and Markets Authority (ESMA) has recommended granting regulators stronger enforcement capabilities over crypto assets, including requiring crypto firms to freeze relevant assets when regulators have reasonable grounds to suspect the assets are connected to criminal activity.
3. The UK officially opens a window for applying for crypto regulatory licenses. The UK Financial Conduct Authority (FCA) will accept authorization applications from crypto businesses starting September 30, with the application window running until February 28, 2027. The new crypto-asset regulatory framework is expected to be formally implemented on October 25, 2027.
4. Base completes the Cobalt upgrade, further expanding on-chain capabilities. Base mainnet received the Cobalt upgrade on September 30, adding conditional trading and B20 asset-related functions, further strengthening its ability as an Ethereum L2 for applications and asset issuance.
5. Institutional capital keeps betting on “AI + Crypto.” Multicoin Capital announced that its hedge fund and venture fund portfolio investments in Grass, positioning it as a “data read layer” for machine intelligence. Previously, Grass connected large user network resources through the DePIN model, providing infrastructure for AI training and real-time data retrieval.