Daily Market Wrap | Oct. 09

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Hot Topics

Bitcoin dropped 1% to $121,500, falling below its 200-hour moving average, as the US dollar strengthened ahead of Powell’s speech amid a data gap from the government shutdown.

Luxembourg’s Intergenerational Sovereign Wealth Fund invested 1% of its $730 million holdings in Bitcoin ETFs, becoming the first Eurozone state fund.

North Dakota and Fiserv will launch the "Roughrider Coin" stablecoin in 2026 for bank transfers and merchant payments, joining Wyoming’s state-issued crypto trend.

Market Updates

Citi Ventures and Visa have strategically invested in BVNK, a stablecoin payments platform processing over $20 billion annually, amid growing interest in stablecoins for on-chain and crypto asset transaction settlements.

Block Street raised $11.5M, led by Hack VC, to build an execution layer for on-chain stock trading and lending on Monad.

MetaMask adds Polymarket prediction markets, Hyperliquid perpetuals trading, and a rewards program for its upcoming token.

BTC-2%
HYPE-7.03%
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