Yesterday’s Crypto Market News Brief
1. BTC’s push toward $87,000 was rejected again, bringing the market into a critical battleground. Bitcoin briefly broke above $86,600 before retreating to around $85,600. Since September 23, $87,000 has now acted as a key resistance level, turning back bullish momentum for the third time;
2. The U.S. FinCEN withdrew two proposed crypto regulations, easing pressure on self-custody wallets. The Treasury Department’s Financial Crimes Enforcement Network withdrew a proposed reporting requirement for transfers exceeding $10,000 from self-custody wallets, as well as an additional regulatory proposal targeting crypto mixers, signaling a further easing of digital asset regulation.
3. Solana launched an institutional-grade on-chain settlement tool, with input from JPMorgan. The Solana Foundation released Solana DvP as open-source software, enabling institutions to atomically settle assets and funds on-chain. The goal is to cut settlement cycles from days in traditional markets to seconds.
4. Ondo is expanding into tokenized private markets, with an AI company as its first offering. Ondo launched Private Markets, offering eligible non-U.S. investors tokenized notes linked to the economic performance of private companies, and plans to support 24/7 secondary-market trading. This further expands RWA beyond U.S. Treasuries and stocks into the primary private markets.
5. The tokenized cash sector continues to attract investment, with Spiko raising $90 million. Spiko, a tokenized cash fund platform, raised $90 million in a Series B led by NEA. Its tokenized cash products have reached approximately $2.7 billion in assets, showing that institutional capital continues to back RWA and on-chain financial infrastructure.
1. BTC’s push toward $87,000 was rejected again, bringing the market into a critical battleground. Bitcoin briefly broke above $86,600 before retreating to around $85,600. Since September 23, $87,000 has now acted as a key resistance level, turning back bullish momentum for the third time;
2. The U.S. FinCEN withdrew two proposed crypto regulations, easing pressure on self-custody wallets. The Treasury Department’s Financial Crimes Enforcement Network withdrew a proposed reporting requirement for transfers exceeding $10,000 from self-custody wallets, as well as an additional regulatory proposal targeting crypto mixers, signaling a further easing of digital asset regulation.
3. Solana launched an institutional-grade on-chain settlement tool, with input from JPMorgan. The Solana Foundation released Solana DvP as open-source software, enabling institutions to atomically settle assets and funds on-chain. The goal is to cut settlement cycles from days in traditional markets to seconds.
4. Ondo is expanding into tokenized private markets, with an AI company as its first offering. Ondo launched Private Markets, offering eligible non-U.S. investors tokenized notes linked to the economic performance of private companies, and plans to support 24/7 secondary-market trading. This further expands RWA beyond U.S. Treasuries and stocks into the primary private markets.
5. The tokenized cash sector continues to attract investment, with Spiko raising $90 million. Spiko, a tokenized cash fund platform, raised $90 million in a Series B led by NEA. Its tokenized cash products have reached approximately $2.7 billion in assets, showing that institutional capital continues to back RWA and on-chain financial infrastructure.