The UK's Financial Conduct Authority (FCA) opened the Digital Securities Sandbox (DSS) for applications at the end of September, relaxing certain rules for DLT market infrastructure. The two entities currently announcing preliminary approval are (expected) Central Securities Depository (CSD) Montis (owned by Archax) and ClearToken, which plans to operate as a central clearing house for crypto and tokenized assets. ClearToken is backed by companies such as Laser Digital, a unit of Nomura Securiti...
The market value of the PYUSD stablecoin fell to 618 million US dollars, down 40% from the high of over 1 billion US dollars at the end of August, mainly due to the decrease in the circulation of PYUSD on the Solana network. Haseeb Quresh, managing partner of DragonFly Capital, said that the decline in PYUSD yields on platforms such as Kamino, Drift, and MarginFi has led to a decrease in the market value of PYUSD stablecoins.
Arkham said in a post on X that its platform added tracking data on Metaplanet. At the end of September, Metaplanet increased its holdings of bitcoin worth 1 billion yen and currently holds $38.70 million in bitcoin. It said Metaplanet, known as "Asia MicroStrategy", is the largest bitcoin holding company in Japan.
CryptoQuant data shows that stablecoin liquidity continued to grow to a record $169 billion at the end of September, up 31% year-to-date (YTD). Still dominant are Tether's USDT, which increased its market cap by $28 billion to nearly $120 billion, accounting for 71% of the market; and Circle's USDC, which increased its market cap by $11 billion to $36 billion, up 44% year-to-date, accounting for 21% of the market. The surge in record-breaking dollar stablecoins and large-value bitcoin transactio...
According to Ark Invest's August Bitcoin Monthly Report, as of the end of August, the underlying cost of spot Bitcoin ETF investors in the United States was higher than the spot price of Bitcoin, which means that ordinary ETF investors may be in a state of loss.