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Coinbase will begin allowing eligible U.S. retail customers to subscribe to IPO shares through its app starting this week, The Block reported. The first offering will be smart ring maker Oura, and users will be able to apply for shares at the IPO price before trading begins. Actual allocations may be full, partial, or unavailable depending on demand. Coinbase is expanding its business beyond cryptocurrency and secondary stock trading into the IPO market.

The three major U.S. stock indices opened higher today. - S&P 500: +0.6% - Nasdaq: +0.7% - Dow Jones: +0.49%

Bitcoin analyst Mark Harvey said BTC could rise to an average of $457,000 over the next four years based on the power law model, The Crypto Basic reported. That would mark a 5.5-fold increase from the current price of about $82,830, or roughly 54% average annual growth. The model estimates long-term trends from the relationship between Bitcoin’s historical price and time, but does not guarantee actual price moves.

Options now account for nearly half of Bitcoin’s crypto-native derivatives market, up from about 25%, Unfolded reported. As the share of fixed-expiry futures has declined and demand for leveraged trading has shifted to perpetual futures, the market is being reshaped around options and perpetual contracts.

U.S. crypto industry super PAC Fairshake plans to spend $30 million to defeat former Sen. Sherrod Brown, a well-known cryptocurrency skeptic, according to Crypto in America host Eleanor Terrett. Terrett said the move came after the CLARITY Act failed and explained Brown is now running in Ohio’s U.S. Senate race in a bid to return to the chamber. If elected, Brown could again take on a leadership role on the Senate Banking Committee, potentially as chairman or as the ranking opposition member, based on his existing seniority.

Nasdaq-listed SOL treasury company DeFi Development said it bought an additional 101,381 SOL, bringing its total SOL holdings to 2.49 million.

Bitcoin spot ETF investors have moved back into profit for the first time since January as BTC prices rose, Bloomberg ETF analyst James Seyffart said. BTC was trading at $85,243, up 5.95% over the past 24 hours.

Circle has launched a service that lets some Circle Mint customers borrow USDC against BTC collateral. Users can deposit BTC to mint cirBTC, a one-to-one collateralized wrapped Bitcoin, then post it as collateral on third-party lending protocols to borrow USDC. The service is available on Arbitrum and Ethereum, with Morpho lending markets supported at launch.

Bitmine said it bought an additional 27,652 ETH over the past week, bringing its total holdings to 5,983,940 ETH. The company said it has been buying ETH every week for about 68 weeks since starting its Ethereum accumulation strategy on June 30, 2025.

U.S. Treasury Secretary Scott Bessent said all Iranian airlines will halt operations worldwide starting Sept. 23. Bessent added that U.S. authorities are taking steps to cut off parties supporting Iran.

Strive said it bought 1,355 BTC last week at an average purchase price of $79,475, bringing its total holdings to 26,355 BTC.

Strategy announced the purchase of an additional 950 BTC.

Hong Kong-listed game company Boyaa Interactive, which already holds Bitcoin, bought an additional 152 BTC worth $11.56 million over the past week, Zhitung Caijing reported. The company now holds 4,468 BTC.

Bitcoin has risen about 44% in the third quarter, marking its strongest quarterly performance since the fourth quarter of 2024, CoinDesk analyzed. Over the same period, gold gained 8.7%, while the S&P 500 and Nasdaq each rose 2%, pointing to diverging market trends. CoinDesk said BTC looks markedly different from earlier this year, when it underperformed relative to stocks as equity markets rallied on enthusiasm for artificial intelligence investment. In the third quarter, however, BTC posted standout gains even against major stock names, with its advance outpacing Nvidia’s 11% rise. The outlet added it believes BTC has already entered a bull market, while cautioning that the possibility of a sudden correction cannot be ruled out. It said investors should remain cautious until signals showing a full-fledged bullish reversal become clearer.

BTC perpetual futures on Bitfinex briefly touched $155,000, while spot BTC was trading around $85,000, U.Today reported. The move was attributed to a lack of liquidity in the perpetual futures market, which sharply distorted the price before it corrected.

An anonymous whale dormant for two years deposited 48,047 ETH worth $130.7 million into Bitfinex, according to Lookonchain. Such exchange deposits are typically interpreted as being intended for selling.

BitForex founder Garrett Jin, who has faced allegations of profiting from insider trading ahead of last October’s record forced-liquidation event, closed a 1,333 BTC long position worth $112 million that was opened three days ago, booking an $8.38 million profit, EmberCN reported. The entry price was $78,057 and the exit price was $84,455. Jin had also previously closed a ZEC short position and now has no open positions on Hyperliquid.

Chicago Federal Reserve President Austan Goolsbee said the Fed must have the courage to respond to inflation. He said he remains optimistic the Fed can return inflation to its 2% target as long as there are no further signs of overheating demand, while adding officials are still analyzing how much of the inflation was driven by supply shocks versus demand. Goolsbee also said arguments that the Fed should lower the federal government's borrowing costs underscore why the central bank's independence matters, and added the Fed must take fiscal policy into account if it fuels inflation.

South Africa is moving to bring overseas remittances and transactions using cryptocurrency under foreign exchange rules, Bloomberg reported. If implemented, the proposal would subject sending crypto abroad or using it for cross-border transactions to restrictions similar to those applied to conventional foreign exchange dealings. Amid regulatory uncertainty, local crypto firms have put about $135 million worth of transactions on hold, according to the report.

Cointelegraph outlined four key themes to watch in the Bitcoin market this week. - Whether BTC can break above the $85.6K breakeven level for spot ETF investors - International oil prices fell below $94, with markets watching whether possible U.S.-Iran talks ease geopolitical tensions - Markets are monitoring the possibility of an additional U.S. benchmark interest rate hike this year - U.S. Treasury yields are trending lower, with attention on whether sentiment toward risk assets improves

Bitcoin analyst PlanB said this may be the last time BTC trades below $100,000. Sharing a heat map of Bitcoin’s historical monthly returns, PlanB pointed to the October column and said, "Uptober" is approaching. The attached heat map showed BTC has generally posted gains in October historically.

The European Central Bank has launched Pontes, a service that allows blockchain-based financial transactions to be settled in central bank money, Reuters reported. The service lets banks and investors settle blockchain transactions in ECB-backed euros instead of private money such as stablecoins. Deutsche Bank, Santander and Clearstream are participating as initial users.

Taiwanese singer Jeffrey Huang, better known as Machi Big Brother, recorded $7.15 million in unrealized profit over the past 24 hours, according to Lookonchain. Huang currently holds a long position of 39,950 ETH worth $84.79 million, a long position of 279 BTC worth $23.72 million, and a long position of 89,000 HYPE worth $8.48 million.

BTC rose above $84,000 after breaking through its 365-day moving average near $83,000, a price level the market has closely watched as a gauge of whether a bear market has ended, CryptoQuant CEO Ki Young Ju said. Ki added that if BTC holds above the line, institutional buying could follow the trend, making the market more interesting from here.

Russia currently has about 20 million cryptocurrency investors with total investment of 3.7 trillion rubles, according to Crypto Briefing. Russia’s Finance Ministry expects that number to keep rising quickly, with about 10 million more investors entering the market by 2027. If that increase materializes, the country’s virtual asset user base would expand to about 30 million.