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Bitcoin accounted for 0.5% of global financial assets as of August this year, according to U.S. Bitcoin financial services firm River.

The UK Treasury has submitted to Parliament proposed changes to crypto regulations that would exempt some stablecoin trading and custody, as well as technical services related to DeFi protocols, The Block reported. The amendments still require parliamentary approval. Katie Harries, Coinbase’s head of European policy, welcomed the move while noting barriers still remain for regulated exchanges seeking to access DeFi.

A dovish signal ahead of the Federal Reserve’s rate decision could support a strong fourth quarter for cryptocurrencies this year, according to Crypto Briefing. The outlet said a rate hike is already widely expected and market attention is focused on the Fed’s messaging. It added that if Chairman Kevin Warsh delivers a dovish signal, the crypto market could strengthen in the fourth quarter, while hawkish remarks could send Bitcoin back to test the $63,000 low. Crypto Briefing said fund flows already show a wait-and-see stance ahead of the Fed announcement. Net buying preference for stablecoins rose to 28%, while buying strength for Bitcoin and Ethereum fell to 3% and 9%, respectively. Hedge funds are still net buyers, but systematic and quantitative investment strategies have tilted heavily toward selling. Overall, the outlet said investors appear to be cutting exposure to risk assets while securing liquidity that can be redeployed at any time. It also said that after the Fed announcement, the key point to watch will be whether capital parked in stablecoins returns to exchanges and the broader market, rather than the rate decision itself.

The key market factor is whether new buying can absorb BTC selling pressure, rather than a possible U.S. rate hike for the first time in three years, according to XWIN Research Japan. Citing Bitcoin’s price action in 2023, XWIN Research Japan said the main driver of market direction was not interest rates themselves, but whether loss-taking selling continued and whether fresh buying demand absorbed that supply. The firm added that investors should not judge market direction based solely on headlines about a rate hike.

Michael Saylor, chairman of Strategy, said that even as the U.S. Clarity Act remains deadlocked, the SEC, CFTC and Treasury Department are expected to develop cryptocurrency rules under existing law. Saylor said banks are likely to expand BTC custody and BTC-backed lending, while more capital could flow into BTC and digital credit. He added that regulatory progress for crypto does not necessarily need to wait for additional legislation from Congress.

Bitcoin has been moving more independently ahead of the Federal Reserve’s rate decision, with its correlation with the U.S. Dollar Index and U.S. equities weakening further, CoinDesk reported. CoinDesk said Bitcoin’s short-term correlation with the Dollar Index, which measures the U.S. dollar’s strength against major currencies, had fallen to near zero. It added that Bitcoin’s positive correlation with U.S. stocks had also weakened. Bitcoin’s short-term correlation with the dollar stood at 0.08, a sharp contrast with -0.54 over the past 30 days, according to the report. Its correlation with the S&P 500 fell to 0.43 from 0.75 yesterday, while its correlation with the Nasdaq dropped to 0.30 from 0.60. Bitcoin’s correlation with gold also declined to 0.28 from 0.69 over the past 30 days. CoinDesk said the decoupling appeared to reflect the market’s recent focus on the Clarity Act. The bill failed to pass a key procedural vote in the Senate, shifting investor attention from traditional macro factors to regulatory issues.

Bitcoin on-chain activity has fallen to its lowest level on record, K33 Research said. Just 3.8 million BTC moved over the past 180 days, which K33 Research said suggests selling pressure is easing and signals are emerging that Bitcoin may have already passed the bottom of this cycle.

Payward, Kraken’s parent company, plans to offer Hyperliquid (HYPE) perpetual futures to U.S. customers, subject to regulatory approval, Cointelegraph reported.

Crypto investors are reducing risk exposure and increasing stablecoin allocations ahead of the U.S. Federal Reserve's rate decision, according to a CoinDesk analysis. CoinDesk said stablecoins are showing the clearest market move as investors build liquidity before the Fed announcement, with attention focused not only on the rate decision itself but also on where sidelined capital may flow afterward. CoinDesk added that past rate hikes have not always had a major impact on BTC prices. When the Fed last raised rates in July 2023, BTC showed little price movement as expectations had already been priced in, the outlet said. It also noted leverage in the derivatives market remains relatively subdued, with open interest in Bitcoin perpetual futures below its annual average and no clear sign that excessive leverage has built up to the point where a price drop would trigger cascading liquidations. The market is paying closer attention to what Chairman Kevin Warsh signals about the future rate path than to whether the Fed raises rates, CoinDesk said.

Crypto asset manager Two Prime has launched a Bitcoin lending vault, CoinDesk reported. The product targets institutions and aims to offer annual yields of 1.5% to 2% through BTC lending. Through the new product, Two Prime is expanding its lending business into onchain finance and plans to connect Bitcoin holders seeking yield with institutions looking for funding.

Doug Petno, co-president of JPMorgan, said in an X post that institutional demand for blockchain and stablecoins remains at an early stage, according to BeInCrypto. Petno said there is no clear institutional demand for stablecoins outside crypto trading, while interoperability, regulation and KYC appear to be obstacles. In response to the X post, Tether CEO Paolo Ardoino pushed back, mocking the view as similar to saying there is little demand to import ice into the Arctic.

A newly created anonymous address bought 99,834 HYPE worth about $7.72 million through FalconX two hours ago, according to Lookonchain.

Bernstein said the CLARITY Act’s failure to reach a Senate vote is likely to shift the center of U.S. crypto regulation from congressional legislation to rulemaking by the U.S. SEC and the U.S. Commodity Futures Trading Commission, The Block reported. Bernstein said further regulatory work is likely in tokenization, perpetual futures and prediction markets, adding that platforms such as Coinbase may continue offering rewards on idle stablecoin balances.

Circle has launched Arc, a USDC-optimized layer-1 blockchain mainnet, The Block reported. Arc uses USDC for gas fees and supports sub-second transaction finality and EVM compatibility. More than 100 applications, including Aave, Morpho and Uniswap, joined the Arc ecosystem alongside the mainnet launch, according to the report. Circle said 11 institutions, including BlackRock, the Depository Trust & Clearing Corporation, Intercontinental Exchange, Mastercard and Visa, plan to join gradually as validators. Circle also said it initially issued 10 billion ARC this week, but has not yet decided on a public launch of the token.

An address believed to belong to crypto market maker Cumberland deposited 1.5 million PONS, worth about $877,000, to Gate over the past five hours, according to Lookonchain. The tokens were part of 17.64 million PONS that the address had withdrawn from Gate over the past two weeks at an average price of $0.67.

Italian authorities are investigating a case in which customer data at crypto neobank Revolut was exposed through the hacking of government agency email accounts, Cointelegraph reported. The hacker is said to have taken over certified Italian PEC email accounts, which carry legal validity, and then requested customer information from Revolut. Revolut said its own systems and databases were not breached, and customer funds were not affected.

Coinbase’s BTC premium index fell to -0.079 after the CLARITY bill failed to secure the 60 votes needed in the U.S. Senate, marking its lowest level in a month, CoinDesk reported. The reading means Bitcoin on Coinbase was trading about $50 below Binance, signaling weaker demand from U.S. investors. A CoinDesk analysis said the failed CLARITY vote, along with expectations for Federal Reserve rate hikes and rises in U.S. Treasury yields and international oil prices, was weighing on investor sentiment.

Suspicious transaction reports tied to virtual assets rose about 312-fold over four years, while South Korea’s Financial Intelligence Unit has only 43 staff reviewing and analyzing those cases, Dailian reported. According to the Financial Intelligence Unit under South Korea’s Financial Services Commission, suspicious transaction reports related to virtual assets increased to 62,055 in 2025 from 199 in 2021, based on a strategy and policy document on preventing money laundering, terrorist financing and proliferation financing released on Sept. 16. Despite the surge, the FIU’s staffing and systems have not kept pace, the report said. The FIU currently has 80 employees in total, fewer than Australia’s 600, Germany’s 700 and France’s 220, with 43 assigned to suspicious transaction screening and analysis.

Nine of the UK’s 10 largest retail banks currently block or cap cryptocurrency-related payments, Wu Blockchain said. It added that even after the UK’s comprehensive crypto regulatory framework takes effect in October 2027, banks will not be required to lift those measures. While the UK government has set a goal of becoming a global digital asset hub and pressure on the banking sector continues, nine of the top 10 banks still either block or limit crypto-related payments. The Financial Conduct Authority expects financial institutions to gradually phase out blanket bans voluntarily once new regulatory measures are introduced, but confirmed it will not legally force banks to process crypto transactions. As a result, whether such transactions are allowed will be determined by each bank’s policy.

Raphael Zagury, CEO of U.S.-listed Bitcoin accumulation company Twenty One Capital (XXI), said in an interview with Coin Stories host Natalie Brunell that the company is considering issuing a form of preferred stock similar to Strategy's STRC to fund additional BTC purchases.

Justin Sun, founder of Tron (TRX), announced plans to establish a mathematics prize bearing his name and said he will shift the focus of his future philanthropy to the award. Sun said his wealth is rooted in mathematics and cryptography and that he wants the funding to come from mathematics and return to mathematics. The prize will focus on mathematical proofs and formal verification, with the goal of using the rapid advancement of artificial intelligence to verify mathematical results more efficiently by machine.

The UK Financial Conduct Authority (FCA) has issued guidance to help firms determine whether they will need authorization under the country’s crypto regulatory framework, which takes effect in October next year. The covered activities include issuing qualifying stablecoins, operating crypto trading platforms, dealing and brokerage, custody, and staking intermediation. The FCA will begin accepting authorization applications on Sept. 30, and plans further consultations in October on detailed guidance for some technology providers and decentralized protocols.

Binance is expanding further into traditional wealth management by opening Capital Connect, an investment platform previously reserved for institutional investors, to high-net-worth individuals, CNBC reported. For the first time, Binance will allow individual investors to access Capital Connect. Individuals who meet certain financial requirements, including holding at least $1 million in assets, can compare strategies from professional trading teams on the platform and allocate funds directly.

An anonymous whale holding a high-leverage BTC long position worth about $53.33 million on Hyperliquid is facing liquidation risk, according to on-chain analytics firm Hupzy, formerly Spot On Chain. The whale entered the position three weeks ago at an average price of $80,118, and unrealized losses widened to $2.97 million as BTC fell 4.3% today. Remaining margin stood at about $2.96 million, leaving the position at risk of forced liquidation if BTC falls further.

Crypto-related stocks were broadly lower in U.S. premarket trading. CRCL fell 2.12%, MSTR 1.43%, HOOD 1%, BMNR 1.29%, BNC 2.04%, and MARA 0.36%.