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Crypto

Crypto optimism spreads across market as October bull-run hopes build

Tom Lee expressed optimism about the crypto market after responding to a post by Binance founder Changpeng Zhao. Market participants interpreted Zhao\'s post as hinting at an October bull run or a rise in Binance Coin, though it contained no specific forecast. Attention has also focused on Bitmine\'s ethereum purchases, as it nears a target of holding 5 percent of total supply and stakes most of its holdings for yield. Major cryptocurrencies have risen steadily over the past month.

Crypto

Fed releases stablecoin rules as debate flares over digital asset taxation

The digital asset market focus shifts from legislation to rulemaking as U.S. agencies move after the Clarity Act stalls in the Senate. The Federal Reserve unveiled a framework to require payment stablecoin issuers to fully back tokens with permitted reserve assets, ahead of the GENIUS Act taking effect in 2027. Bitcoin struggled as 10-year Treasury yields hit a 19-year high. In South Korea, debate resurfaced over digital asset income tax due in 2027.

Crypto

Bitcoin profit-taking fuels \'altcoin season\' hopes

Altcoin spot trading volume has risen to nearly four times that of bitcoin, the highest since September last year, as profit-taking in bitcoin rotates into altcoins. Wintermute said net bitcoin selling at its OTC desk largely came from retail clients moving into altcoins. On-chain data show 72.5 percent of tracked altcoins outperforming bitcoin. U.S. bitcoin spot ETF inflows total about $2.4 billion over five sessions but slowed each day.