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FTX Payouts, U.S. Tariffs, Jobs: Crypto Week Ahead

The upcoming week in the cryptocurrency market will be heavily influenced by U.S. economic indicators, particularly the monthly employment report set to be released on October 3. Analysts expect nonfarm payrolls to rise by 39,000, a key indicator of economic health. Meanwhile, creditors of the collapsed FTX exchange will begin receiving $1.6 billion in the third round of payouts as part of its bankruptcy proceedings. Notable dates include September 30, when FTX's creditor payout distribution occurs and another platform, Arbitrum, is set to vote on investments to enhance ecosystem rewards. Other important macro events include several Federal Reserve speeches and various economic reports, such as the U.K. GDP growth and U.S. jobless claims. Additionally, multiple governance votes in different decentralized autonomous organizations (DAOs) related to funding and ecosystem projects are on the agenda.

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Bitcoin bulls are back: Here’s what is needed for a rally to $120K

Bitcoin has regained the $114,000 mark, recovering from previous losses despite significant outflows from spot Bitcoin exchange-traded funds (ETFs), which totaled around $900 million last week. This raises concerns about the sustainability of the rally, especially as the majority of the moved coins showed profit-taking. Key upcoming events may

SEC Tells Issuers to Pull 19b-4s; ETFs Could Be Approved ‘Absurdly Fast’

The U.S. Securities and Exchange Commission (SEC) has requested crypto exchange-traded fund (ETF) issuers to withdraw their 19b-4 filings, facilitating a quicker approval process following a recent rule change. This new regulation allows exchanges to list certain commodity-based crypto ETFs without requiring individual SEC reviews, significantly reducing regulatory obstacles.

Trillions Meme Coin Surges to $60 Million Market Cap on Stablecoin Network Plasma

The Trillions meme coin, deployed on the stablecoin network Plasma, reached a market cap of $60 million shortly after the network's mainnet beta launch. The project, capitalizing on a meme predicting the total stablecoin market cap will reach trillions, soared following the network's heightened visibility. Despite

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