$BTC
📰 Main News
1. Adoption of rules to facilitate the listing of cryptocurrency-linked ETFs by the SEC
The U.S. Securities and Exchange Commission has decided to change the rules to make it easier for exchanges like NYSE, Nasdaq, and Cboe to list cryptocurrency-linked exchange-traded funds (ETFs) such as Solana and XRP, reducing the approval time from about 240 days to approximately 75 days.
2. Citi's estimate for Ethereum's price by the end of the year
Citi Bank predicted that the price of Ether (ETH) will reach around $4,300 by the end of 2025, based on increased institutional interest and applications built on the Ethereum network such as stablecoins and tokens.
3. Launch of a new stablecoin by Tether in the United States
Tether announced a new stablecoin project named USAT that will be issued from the United States and comply with recent legislation there, such as the GENIUS Act.
4. The market responds lightly to the interest rate cut in the United States
The U.S. Federal Reserve cut the interest rate by 25 basis points, boosting sentiment in financial markets, especially in risk assets like cryptocurrencies.
5. Bitcoin's performance in September is promising
Bitcoin has achieved an increase of ~8% so far in September, making this month one of its strongest Septembers since 2012, with reduced price volatility compared to previous periods.