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ZEC has risen by 3.21% in the past five minutes on the COINNESS market. Currently, ZEC is trading at $1,604.72.

Coinbase, the largest cryptocurrency exchange in the U.S., is developing a custody security system that supports quantum-resistant signature methods, Decrypt reported. In a recent interview, Coinbase Chief Cryptographer Yehuda Lindell said the company is building a security framework that can adapt to technical changes in Bitcoin and other digital assets if cryptographically meaningful quantum computers emerge and begin to pose a real threat to Bitcoin’s security. Lindell also said Coinbase is studying an alternative architecture that combines quantum-resistant threshold decryption with programmable hardware security modules, or HSMs. He added Coinbase sees it as unlikely that every blockchain will ultimately use the same signature method and said the company needs to be prepared regardless of which approach different blockchains adopt.

South Korean crypto and blockchain venture capital firm Hashed has joined a digital-asset private credit fund targeting $300 million in fundraising as a key investor, The Block reported. Founded by Abu Dhabi-based investor Mohamed Hamdy and managed by Thoro Capital Management, the fund plans to generate returns by making direct U.S. dollar loans, settled in stablecoins, to digital-asset institutions. Unlike conventional models that simply lend against crypto collateral, it will set loan terms by assessing borrowers’ financial condition, cash flow and management situation. Hashed said the goal is to provide a new funding channel for digital-asset infrastructure companies that face fundraising difficulties under regulations affecting traditional financial institutions.

Short-term Bitcoin holders have begun taking profits as Bitcoin prices rise, adding to selling pressure, Cointelegraph reported. In a post on its official X account, the outlet said 47,600 BTC held by short-term investors was deposited to exchanges over the past 24 hours as Bitcoin approached $88,000, adding that such inflows are typically interpreted as positioning for sales and suggest profit-taking pressure is increasing among short-term holders.

UNI has risen by 4.06% in the past five minutes on the COINNESS market. Currently, UNI is trading at $9.87.

Jamie Selway, director of the U.S. SEC’s Division of Trading and Markets, said in a recent interview with Bloomberg Crypto that developing regulations and policies for tokenization and cryptocurrencies requires bipartisan support. Selway said tokenized securities should be subject to the same regulatory principles as traditional securities, rather than receiving separate advantages or disadvantages, and backed an approach of "innovation without arbitrage." Earlier, the SEC announced on Sept. 17 an Innovation Exemption that grants certain on-chain trading platforms a five-year conditional regulatory exemption for trading tokenized U.S. exchange-listed stocks, or NMS stocks. Under the measure, approved platforms can trade tokenized stocks through AMM liquidity pools.

Researchers at East Texas A&M University in the U.S. have developed an implementation that applies quantum-resistant security to Bitcoin’s Layer 2 Lightning Network, Crypto Briefing reported. The outlet said the team recently unveiled PQLN, or Post-Quantum Lightning Network, a Lightning Network implementation with strengthened security designed to withstand attacks from quantum computers. The researchers replaced the cryptographic methods used in the existing Lightning Network with cryptography designed to remain secure against quantum computers, while keeping the implementation compatible with the existing network. According to the researchers, PQLN operated alongside nodes using the current approach in real-world tests, and payments were not interrupted. PQLN has been released as open source, and the team said it applied quantum-resistant cryptography to the Lightning Network’s core communication and payment processes.

U.S. Republican Sen. John Curtis of Utah recently sent a letter to the Senate Judiciary Committee urging it to subpoena Donald Trump Jr. and Hunter Biden, son of former President Joe Biden, to investigate their cryptocurrency businesses. Curtis argued the two men’s crypto ventures showed how presidential family status could be used for private gain, preferential treatment and access. He specifically raised concerns about Trump Jr.’s promotion of a family-backed crypto business and advisory and financial ties to a prediction market platform regulated by the CFTC. Curtis also claimed Hunter Biden had conducted business with foreign companies in China and Ukraine during Joe Biden’s presidency and presidential campaign. He added that presidential families should not be held to different standards regardless of party affiliation.

Open interest in Bitcoin, Ethereum and Solana futures rose about 7.6% during the recent crypto rally, Cointelegraph reported, citing Santiment. During the same period, around $648 million in short positions was liquidated, and new leveraged positions are flowing into the market দ্রুত, according to the report.

The CEO of U.S. retirement-account digital asset investment platform iTrustCapital said the long-running crypto slump has ended. Appearing on crypto-focused YouTube channel Paul Barron Network, the executive said the crypto bear market was over and Bitcoin was continuing to gain without passage of the Clarity Act, a U.S. crypto regulatory bill. The CEO added that if Bitcoin closes a weekly candle above $85,000, it would be in a favorable position for further gains. According to CoinMarketCap, BTC was trading at $86,248.3, down 0.62%, at the time of writing.

Four Bitcoin whale addresses that had been dormant for more than 10 years transferred 1,971.03 BTC worth about $161 million out over the past two weeks, according to a Galaxy Research analysis cited by Decrypt. Galaxy Research said the whale addresses that emerged from dormancy moved the holdings between Sept. 6 and Sept. 22. The largest of the four held 1,260.78 BTC worth about $100.63 million and had been inactive for more than 10 years since July 2016. The address bought BTC at an average price of $652 and is now estimated to be sitting on gains of about 12,122%. Galaxy Research also explained that three of the four addresses carried a sender tag reading "Noah Doe," referring to a New York lawsuit in which an anonymous plaintiff and two corporate entities sought ownership after declaring thousands of dormant Bitcoin addresses abandoned property.

Signs of a new crypto bull market are emerging across the market as the sector has been recovering since August, led by Bitcoin’s sharp rally, according to AMBCrypto. The outlet said the Crypto Fear & Greed Index rose to 59 this week from 45 last week, moving into greed territory and showing a clear improvement. It added that spot Bitcoin ETFs saw $999 million in net inflows in one day, while spot Ethereum ETFs drew about $270 million, and that BTC has also moved above a key long-term moving average for the first time in around 300 days on technical charts. According to CoinMarketCap, BTC was trading at $86,219.42, down 0.45%.

The U.S. SEC is drafting rules on cryptocurrency custody and has submitted a related proposal to the White House Office of Management and Budget for review, Taylor Lindman, chief counsel for the SEC’s crypto task force, said at a CoinDesk policy and regulation event. The proposal targets investment firms and securities brokerages. Lindman said the rule is intended to clarify how securities brokers can hold non-security crypto assets in the market without special registration and allow investment advisers to place client assets with state-chartered trust institutions and similar entities. If the proposal clears the White House OMB review, the SEC plans to formally release it and gather industry feedback.

U.S. Treasury said stablecoin issuers currently hold about $200 billion in short-term Treasuries and other government securities, and that amount is expected to increase further if provisions under the GENIUS Act are finalized, Cointelegraph reported.

Patrick Witt, executive director of the White House crypto council, and Luke Pettit, assistant treasury secretary for financial institutions, said the chances of the CLARITY Act passing by year-end are low. Speaking at a CoinDesk policy and regulation event, the two expressed similar views and said whether the bill is taken up again during the post-election lame-duck session will depend on the election outcome. Pettit added he does not believe the CLARITY Act is entirely dead, but attention has now shifted to the administration, while sentiment toward the bill in Congress remains cold.

Andreessen Horowitz, or a16z, and the DeFi Education Fund asked the U.S. SEC to exclude decentralized exchanges from exchange registration requirements, according to Crypto Briefing. In a joint letter to SEC Commissioner Hester Peirce, the groups requested a Safe Harbor framework for certain decentralized exchanges. They argued protocols that do not custody user funds, automatically execute trades, and allow anyone to participate without an administrator do not perform functions fundamentally identical to the New York Stock Exchange. Applying the same rules to such protocols would create a mismatch between regulations and software that operates more like public infrastructure, the letter said.

U.S. CFTC Chairman Mike Selig said at a Treasury market conference hosted by the Federal Reserve Bank of New York that financial markets are entering a new phase of change, The Block reported. He said shifts including tokenization, on-chain finance, and 24/7 trading are likely to drive more change in financial markets over the next decade than in the past several decades combined. Selig also stressed regulators need to prepare for a large-scale wave of tokenization and revamp existing market structures and rules in line with advances in new technologies such as blockchain and AI. He added the CFTC would further explore ways to encourage the responsible adoption of stablecoins by market participants, exchanges, and clearinghouses.

Ripple CEO Brad Garlinghouse said in a speech at the University of Kansas that the company considered shutting down when the U.S. SEC filed its lawsuit in 2020, CoinDesk reported.

Most altcoin holders are still sitting on losses, according to on-chain analytics firm Glassnode. Glassnode said fewer than one-quarter of total supply is, on average, currently in profit across coins. Based on historical data, Glassnode added that broad market tops across the crypto sector have tended to form when a significant share of total supply moves into profit, but said that point still appears far off.

The three major U.S. stock indices closed mixed today. - S&P 500: +0.00% - Nasdaq: +0.45% - Dow Jones: -0.36%

Moscow Exchange, or MOEX, launched five perpetual futures products tied to assets including BTC and ETH on Sept. 22 local time, and first-day trading volume for its BTCUSDF Bitcoin perpetual futures contract reached about $1.3 million. Crypto Briefing said the figure was relatively small compared with major global cryptocurrency exchanges, but marked the formal start of crypto product trading in Russia’s regulated derivatives market.

U.S. investment bank William Blair sees Coinbase and Circle as beneficiaries of the crypto market recovery, driven by regulatory formalization, increased tokenized-asset activity, and business diversification, The Block reported. William Blair said the U.S. SEC rolled out a series of rules, including for stock token trading, after the CLARITY Act failed to pass in the U.S. Senate, and expects the changes to improve investor sentiment and have a positive effect on Coinbase through next year. The bank added Coinbase has diversified its offerings this year by adding institutional and retail derivatives and prediction markets, and said concerns about the exchange’s competitiveness are overstated. On Circle, William Blair said Bitcoin is acting as the main driver of the company’s near-term value gains. CRCL shares have risen 52% since July 1, when Bitcoin hit a low, and USDC’s market capitalization is also expected to follow Bitcoin’s uptrend, although with a possible lag. The bank added rival stablecoins do not appear to pose a major threat to USDC’s position, and said Circle’s long-term value lies in building a global stablecoin payments and trading network rather than relying on reserve income.

Strategy CEO Phong Le said JPMorgan CEO Jamie Dimon has attacked Bitcoin publicly for years but likely supports it privately, according to BeInCrypto. Speaking on a podcast, Le said Strategy aims to become the JPMorgan of the digital economy. Asked how Dimon might view that goal, Le said Dimon is, in his view, a Bitcoin supporter and appears to be saying what is necessary in public, adding that anyone who studies and understands Bitcoin becomes a supporter. Le emphasized Strategy does not want to become a bank. Instead, Le said the company wants to serve as a hub for Bitcoin-based finance, developing and selling investment products much like JPMorgan does on Wall Street. Le also disagreed with the view that Bitcoin will replace banks, saying Bitcoin will improve the current system while the U.S. dollar remains in place, and adding that Bitcoin and AI are the most important technologies of this century.

Peter Schiff, CEO of Euro Pacific Capital and a prominent Bitcoin critic, criticized Strategy for selling Bitcoin at $62,150 and later buying it back above $80,000, adding that the company would soon sell again at a lower price, Cointelegraph reported.

Six major Canadian banks are considering jointly developing a Canadian dollar-denominated deposit token system to speed up interbank fund transfers, CoinDesk reported. In the first phase of the project, the banks would test a method for transferring deposit tokens, a digital form of real deposits held at banks, among participating institutions. Over the longer term, the initiative aims to connect with other digital asset projects. The participating banks are Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CIBC), National Bank of Canada, Royal Bank of Canada (RBC), Scotiabank and TD Bank Group.