Crypto markets steadied after a weak stretch, with Bitcoin bouncing as yields and oil remained in focus. Institutional product flow stayed active but uneven, while several infrastructure and policy developments landed across major venues and protocols.
Bitcoin steadies as macro pressure persists
Bitcoin rebounded above $84,000 after early-week losses, though market commentary linked the move to shifting rates and energy prices rather than a clean risk-on turn. Separate notes said Bitcoin is still tracking a possible third straight monthly gain, but higher yields and oil could pressure momentum into the next quarter.
Sources: CoinDesk, Cointelegraph, CoinDesk, CoinDesk, Decrypt
ETF inflows slow, with mixed read on demand
U.S. spot crypto ETF inflows cooled sharply after last week’s large totals, with Bitcoin, Ether, Solana and XRP funds drawing a smaller combined amount on Monday. CoinShares also cautioned that Bitcoin ETF inflows do not automatically show directional bullish buying, since basis trades can sit behind some of the activity.
Sources: Cointelegraph, Cointelegraph, CoinDesk
Ethereum upgrade testing moves forward
Ethereum scheduled the Glamsterdam upgrade for a Sepolia test on Oct. 6. The planned changes include proposer-builder separation, block-level access lists and new gas pricing, while the mainnet timing remains open.
Sources: Cointelegraph
Coinbase wins new derivatives approval
Coinbase received CFTC approval for a U.S. derivatives clearinghouse, adding another piece of regulated market infrastructure in-house. The move comes as peers also expand their own derivatives stack in the U.S.
Sources: Cointelegraph
Citi and Coinbase expand stablecoin-linked payments
Citi and Coinbase expanded an existing arrangement so Citi’s institutional clients can accept stablecoin payments while Coinbase business accounts operate on Citi’s banking rails. The setup is framed as a way to move value without customers directly handling crypto.