📽 It’s time for another weekly crypto roundup!
Matt Zahab and Rachel Wolfson are back with Episode 64, hosting a solo episode and breaking down the latest crypto headlines.
Don’t miss out — tune in now! 👇
📌 Price Action
📌 SWIFT Goes Onchain as Consensys Builds Prototype
Swift, the financial messaging provider, today announced it is working with Consensys and a consortium of global banks to add a blockchain-based shared ledger to its technology stack.
In a press release, Swift said that, unlike its traditional role as a communications network, this move into a shared ledger will allow it to record, sequence, and validate financial transactions directly, creating a backbone for tokenized value exchange between institutions.
📌 XPL Rockets 87% in 3 Days
Plasma (XPL), a new blockchain built for lightning-fast stablecoin transfers, is exploding in popularity, fueling bullish Plasma price predictions.
After launching its mainnet and hitting major exchanges, XPL surged to $1.68 — a jaw-dropping 3,260% return for those who entered at the presale price of $0.05.
The hype was further amplified by its viral airdrop: users who deposited as little as $1 onto the Plasma chain received nearly 9,000 tokens. At peak price, that free stash was worth over $15,000.
📌 Hyperliquid’s Hypurr NFTs Hit $76K Floor Price, But Hacker Steals 8 for $400K Profit
Hyperliquid's Hypurr NFTs hit $76K floor price as hacker steals 8 pieces worth $400K through wallet compromise.
A threat actor stole eight Hypurr NFTs worth approximately $400,000 within hours of the collection’s launch by compromising wallets that received the airdropped tokens on Hyperliquid’s HyperEVM layer.
Blockchain investigator ZachXBT first reported the sophisticated theft targeting early Genesis Event participants who had opted to receive the free digital collectibles.
📌 Binance Rolls Out Crypto-as-a-Service – Internalized Trading, Custody, Compliance
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the launch of Crypto-as-a-Service (CaaS), a white-label infrastructure solution designed to help regulated financial institutions and brokerages integrate crypto trading for their clients.
The pilot program will open on September 30, with early access offered to a select group of banks and financial firms. Broader availability is expected later in the year.
📌 Mega Matrix to Expand $2B Digital Asset Treasury into Multi-Stablecoin Framework
NYSE-listed firm Mega Matrix Inc. announced on Wednesday that it expanded its $2 billion Digital Asset Treasury (DAT) to include a wider set of stablecoins and governance tokens, making it one of the first U.S.-listed firms to adopt a multi-asset stablecoin framework under SEC-compliant structures.
In a press release shared with Cryptonews, the company said it was previously concentrated on Ethena’s governance token ENA. Under the revised strategy, it will also hold USDe, USDtb, and ENA from the Ethena ecosystem; USDH and HYPE from Hyperliquid; USDF and ASTER from Aster; and USDS and SKY from Sky Protocol.
📌 Treasury to Exempt Bitcoin from 15% CAMT Tax on Unrealized Gains, Saving Strategy Billions
The Treasury Department is preparing to formally exempt crypto holdings from the Corporate Alternative Minimum Tax (CAMT), which would eliminate a potential multibillion-dollar tax liability for companies like Strategy that hold substantial Bitcoin reserves.
According to Eleanor Terret, the move addresses the 15% minimum tax on large corporations’ financial statement income that would have forced companies to pay taxes on unrealized digital asset gains under accounting rules requiring mark-to-market valuations.
📌 US Government Shutdown Officially Starts After Political Stalemate
The US government shutdown for the first time in six years at midnight on Wednesday, after Congress failed to pass a funding bill. The stalemate leaves agencies without money as the new fiscal year begins and threatens wide disruption, from air travel to public parks.
About 800,000 workers, nearly 40% of the federal workforce, are expected to go without pay. The shutdown does not directly impact cryptocurrencies, but delays and uncertainty could trigger volatility.
📌 SEC Pushes Plan to Make Stocks Trade Like Crypto on Blockchain
The U.S. Securities and Exchange Commission (SEC) is reportedly developing a plan to allow stocks to trade like crypto on the blockchain, treating shares of companies like Apple, Tesla, and Nvidia as digital tokens similar to how cryptocurrencies operate.
While the initiative has gained support from crypto exchanges and fintech platforms, it faces pushback from traditional financial institutions that profit from the existing market structure.
According to a report by The Information, the SEC is already consulting with market participants on regulatory changes that would make these tokenized securities possible.
📌 Texas Stock Exchange Receives SEC Approval
TXSE Group Inc (TXSE Group) announced on Sept. 30 that the U.S. Securities and Exchange Commission has formally approved the Texas Stock Exchange's (TXSE) Form 1 registration to operate as a national securities exchange, a milestone decision that restores competition in America's public markets. XSE is the first fully integrated national securities exchange to receive SEC approval in decades.
📌 BBVA Becomes First Major Spanish Bank to Launch 24/7 Bitcoin Trading
BBVA, Spain’s second-largest bank with more than $900 billion in assets under management and nearly 70 million clients worldwide, announced that customers will be able to buy, sell, and manage Bitcoin and Ether directly via its mobile application.
The new offering is fully integrated into the same rails BBVA already uses for foreign exchange, providing users with a familiar environment for trading.
BBVA will manage customer holdings using its in-house cryptographic key storage platform rather than relying on external providers.
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