Crypto Industry News & Market Trends

Chainlink Price Rebounds 6% as LINK Tests the $12 Resistance Zone

Chainlink price has returned above $12 after rebounding from the lower end of its recent trading range.　　BraveNewCoin data places LINK at $12.11, up 6.21% over 24 hours.　　The token traded between $11.25 and $12.22, while reported volume stood near $538.65 million. LINK now faces short-term resistance after recovering from support around the $11 area.　　The daily and longer-term charts show two different tests developing. The shorter chart tracks resistance between roughly $12 and $13. Meanwhile, the multi-year chart shows LINK approaching a descending trendline dating from its previous market peak.　　LINK Returns to the $12 Resistance Area　　The analyst chart shows LINK recovering after dropping back into an accumulation range following its earlier move toward $13.　　Discover more　　Economics　　Currencies & Foreign Exchange　　Brokerages & Day Trading　　Price recently bounced from weekly support around the $10.70 to $11 area. LINK has since moved back toward a cluster of daily resistance levels near $12.　　Investor Jordans chart places a higher weekly resistance area around $12.80 to $13. LINK previously reached that region before surrendering its gains and returning to the range. Source: X　　That leaves $12 as the first short-term test. A sustained move above the nearby daily resistance would bring the previous $13 area back into view.　　The chart also maps a

09-19Industry

Coinbase files to bring single-stock perpetual futures to US market

Coinbase has filed with the Commodity Futures Trading Commission to list single-stock perpetual futures in the United States, seeking to bring a derivatives product widely used in crypto markets to individual US equities.　　The filing, submitted Friday through Coinbase Derivatives, seeks regulatory approval for contracts that would give US traders 24/5 exposure to individual stocks without owning the underlying shares. Perpetual futures differ from traditional futures contracts in that they do not expire.　　Coinbase said the products would build on its existing US perpetual futures market, extending the structure beyond crypto assets. The proposed contracts are classified by the CFTC as single-stock futures and remain pending regulatory approval.Source: Coinbase　　The Wall Street Journal reported on Friday that Coinbase plans to initially offer perpetual futures tied to roughly 50 to 60 stocks, including Apple, Microsoft, Tesla and Nvidia.　　The CFTC filing follows an earlier regulatory step by Coinbase Derivatives, which filed a Form 1-N with the Securities and Exchange Commission on Sept. 1 to register as a national securities exchange for the purpose of offering security futures.　　Coinbase already offers stock perpetual futures to eligible traders outside the United States, having launched the product in March with contracts tracking major US stocks and indexes, including Apple

09-19Industry

Malaysian Ringgit: External pressure but scope for reversal – OCBC

Christopher Wong at OCBC writes that the Malaysian Ringgit weakened during Thursdays Asian session on a firmer US Dollar and higher US Treasury yields after the FOMC, with USD/MYR briefly trading above 4.10 in an orderly move. He notes some pressure eased as the Dollar and yields retreated and Oil pulled back. Wong expects cautious MYR trading if US yields and the Dollar rise again, but sees room for recent weakness to reverse as post-Fed moves settle and domestic fundamentals remain supportive.　　USD/MYR overbought as fundamentals support　　“MYR weakened on Thursday Asian time zone amid firmer USD and higher UST yields post-FOMC. USD/MYR briefly traded above 4.10, although the move remained orderly and there was little sign of Malaysia-specific stress.”　　“That said, some pressure eased overnight as the USD and UST yields came off their highs, while oil also pulled back. Near term, MYR may trade cautious if UST yields and the USD push higher again.”　　“But as the post-Fed rates move starts to settle, there should be room for some of the recent weakness to reverse, with domestic fundamentals still broadly supportive.”　　“Bullish momentum on daily chart intact but RSI rose into overbought conditions. Lack of follow-through to the upside may see USD/MYR turn

09-19Industry

Bitcoin, crypto market react as CFTC files crypto regulation proposal

Bitcoin (BTC) rises above $80,000 on Friday, erasing losses from earlier in the week as the crypto market pushed a leg higher. The move comes as the Commodity Futures Trading Commission (CFTC) pushed for a crypto asset market regulations proposal, signaling regulators intent to establish oversight after Congress stalled comprehensive legislation.　　CFTC pushes for crypto asset regulations amid CLARITY Act delay　　The proposal, submitted Thursday to the Office of Information and Regulatory Affairs (OIRA), part of the Office of Management and Budget, is titled Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets. Although the filing details are not yet available, OIRAs submissions website indicates it has been received and is pending regulatory approval.　　The CFTC‘s latest proposal could align with the agency’s plan to establish a regime for the crypto market. It also comes just two days after Chairman Michael Selig said the agency was “ready to ship rules” after the Senate failed to advance crypto market structure legislation.　　While the legislative path for comprehensive reform is uncertain amid upcoming midterm elections, agencies are filling the gap with incremental measures.　　Regulators began seeking relief rules to cover Congress‘s shortfall, with the CFTC rolling out a no-action position for providers of passive software. The Commission’s

09-19Industry

Matt Hougan Compares Tokenization Boom with Nvidias Early AI Rally

Key Insights:Matt Hougan points to tokenization, S&Ps acquisition of OpenZeppelin, and the rise of DeFi assets as signs of broader onchain adoption.Hougan describes tokenization as a multi-year transformation of how financial markets operate.He compares tokenizations early stage with the AI boom, citing NVIDIAs rise from $16 in 2022 to $219 today.　　Tokenization took center stage on September 17, 2026, when Bitwise CIO Matt Hougan posted on X that the trend had become impossible to ignore. On the same day, the SEC created a pathway for tokenized stocks to trade in the United States, S&P Global agreed to acquire OpenZeppelin, and DeFi assets moved higher.　　Hougan wrote that any remaining doubts should now be settled: “The world is moving onchain.” He framed tokenization as a multi-year transformation of finance, not a short-term trade. To illustrate the point, he reached for the early days of the AI boom.　　ChatGPT launched in November 2022 when NVIDIA traded at $16. One year later, the stock had climbed 176 percent to $46, and the AI megatrend was obvious.　　Hougan said the right move was not to regret missing out, but to buy more. NVIDIA now trades at $219. The same logic applies to tokenization, he argued. Investors who wish

09-19Industry

Hyperliquid jumps 11%, nears ATH – Can $7B Open Interest push HYPE higher？

Hyperliquid [HYPE] rose more than 11% to $87.95 after recording three consecutive days of gains. The recovery began after HYPE rebounded from its 50-day EMA near $74.94.　　The token also climbed above its key EMAs and approached its previous all-time high near $89.70.　　Meanwhile, whale positioning and rising network activity strengthened the bullish setup. Trader “watershedpath” held a $119.66 million HYPE long using 5x leverage.　　With HYPE less than 2% below its previous peak, could this momentum finally push the token into price discovery？　　Source: TradingViewCan whale positioning push HYPE higher？　　The whales $119.66 million position showed substantial exposure as HYPE approached its previous all-time high.　　Its average entry price stood at $38.68, leaving the position deeply profitable at current prices. That distance signaled continued conviction, although it also introduced a possible profit-taking risk.　　The 5x leverage could amplify the position‘s returns, but any sharp reversal would increase its liquidation pressure. Therefore, the position strengthened HYPE’s bullish narrative without removing the risks surrounding a crowded rally.　　Source: SantimentIs network activity backing HYPE？　　Hyperliquids Token Volume climbed to $1.44 billion over the previous 24 hours. Meanwhile, Revenue increased to $1.75 million as activity across the protocol expanded.　　Open Interest also reached $7.29 billion, showing that derivatives positioning remained elevated near HYPEs

09-19Industry

Bitcoin Price Hits $81K as BTC Shrugs Off Regulatory and Rate Fears

TLDR:Bitcoin rebounded above $80K after regulatory, rate, and security fears pressured market sentiment.The Fed raised rates 25 bps to 3.75%-4.00%, adding fresh pressure to crypto risk assets.BTC faces key resistance at $82K-$84K, while $75K remains a critical support zone.A sustained move above $85K-$86K could shift attention toward the $88K-$95K range.　　Bitcoin has rebounded above $80,000 after three major fear narratives dominated crypto markets this week.　　BTC now trades at $81,137.97, up 6.05% over 24 hours and 4.30% over seven days. Its 24-hour trading volume stands at $42.20 billion, according to the latest CoinGecko data.　　The rebound follows heavy market pressure around U.S. crypto legislation, interest rates, and security incidents. Santiment Intelligence said these themes dominated crypto-related social discussions as Bitcoin fell toward the mid-$75,000 region.　　BTC price on CoinGeckoBitcoin Price Rebound Follows a Wave of Market Fears 　　The first major catalyst was the Senates failure to advance the CLARITY Act on September 15. The procedural vote on H.R. 3633 failed 49-50, leaving the legislation unable to move forward at that stage.　　The setback added regulatory uncertainty for the crypto industry. However, Bitcoins subsequent recovery suggests traders absorbed the news without extending the sell-off indefinitely.　　Discover more　　Machine Learning & Artificial Intelligence　　FINANCE　　Digital Currencies　　Crypto spent the week digesting three

09-19Industry

Grayscale's Zcash ETF holders to get triple their ZCSH holdings after 3:1 share split approval

Grayscale said on September 18 that it plans a 3-for-1 forward split of its Zcash ETF (ZCSH).　　ZCSH is the first U.S. fund tracking a privacy coin. The move will triple each holders share count without changing what their stake is worth.　　What Grayscale‘s Zcash ETF share split means for holdersWhat does Grayscale’s share split mean for its shareholders？　　Grayscale has said that it is planning on splitting its Zcash ETF (ZCSH) in a way that anyone holding ZCSH at the close on September 28 receives two additional shares for each one they already own.　　Discover more　　News　　Compare Exchange Rates　　Open Trading Account　　The shares are to be distributed after the market closes on September 29. Post-split trading is set to begin before the opening bell on September 30, the effective date.　　Cryptopolitan reported that Grayscale converted its long-running Zcash Trust into an ETF under the ticker ZCSH and listed it on NYSE Arca on August 25. Coinbase Custody holds the coins, and the fund carries a 2.5% annual fee, roughly ten times what a spot Bitcoin ETF charges.　　Grayscale said on September 8 that its assets passed $500 million following the debut, up from the $260 million or so the fund listed with.　　In a September 17 Medium analysis

09-19Industry

US 10-Year back at 5% as global tightening wave pushes

US Treasury yields rose on Friday, boosted mainly by the Federal Reserves decision to increase rates on Wednesday, while the Bank of Japan added its name to the list of major central banks focused on preventing inflation from getting out of control.　　Treasury yields climb as Fed and BoJ hikes reinforce inflation fears　　The yield on the US 10-year Treasury note is up over six basis points at 5%, shy of Tuesdays 5.041%, the highest since 2007.　　Uncertainty around the Middle East conflict pushed Oil prices higher, increasing the risk of upside inflation. Consequently, major central banks are stepping in to raise interest rates.　　On Friday, the Bank of Japan (BoJ), in a 7-2 vote, increased interest rates by 25 basis points to 1.25%, its highest level in 31 years. Meanwhile, on Wednesday, the Federal Reserve unanimously opted for a rate hike of the same size as the BoJ, the first increase in three years, recognising that inflation is well above the Feds 2% goal.　　The jump in US bond yields is moving in tandem with traders pricing in further rate hikes by the Fed. For the end of 2026, money markets priced in 34 basis points of tightening. The odds of a hike in

09-19Industry

Binance launches 24/7 FX perps with weekend pricing system

Binance is expanding its derivatives offering into foreign exchange with the launch of 24/7 perpetual futures, starting with a US dollar-Brazilian real contract on Monday.　　Unlike traditional FX markets, which close for the weekend, Binances contracts will trade continuously using a dual-mode pricing system. During regular FX trading hours, prices will track a weighted index from third-party data providers, while weekends and public holidays will use an orderbook-based pricing mechanism.　　The USDBRLUSDT contract will go live on Sept. 21, settle in USDT and offer up to 100x leverage, according to a Friday announcement. Binance said the weekend system uses an exponentially weighted moving average of orderbook prices, rather than relying on external price feeds.　　Binance trading head Shunyet Jan said the contracts are intended to extend price discovery beyond traditional FX trading hours, while giving traders a venue to hedge or take positions around the clock.　　Related: Binance brushes off Lagarde MiCA speculation, reaffirms Europe commitment　　Crypto exchanges expand into foreign exchange　　The launch comes less than two weeks after Bybit introduced 24/7 perpetuals tracking EUR/USD, GBP/USD and USD/JPY, also settled in USDT and offering up to 100x leverage.　　Other crypto exchanges entered the market earlier. Kraken launched FX perpetuals tracking the euro, British pound, Australian dollar,

09-19Industry

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