Key Takeaways
According to BlockchainReporter, the NYSE and Blockchain.com explore tokenized trading, while Binance takes a $100M stake in Circle.
According to BlockchainReporter, crypto markets extended a broadening rally as Bitcoin consolidated near $83,730. The New York Stock Exchange and Blockchain.com are exploring a partnership to offer round-the-clock tokenized trading of US stocks and ETFs, pending regulatory approval. Additionally, Binance acquired a $100 million equity stake in Circle, the issuer of the USDC stablecoin, through a private placement on September 17.
In institutional metrics, US spot Bitcoin ETFs erased a $5.8 billion net outflow deficit from earlier in the year, turning into $800 million in net inflows. Meanwhile, altcoins rallied broadly on September 25, with 93 of 100 CoinDesk 100 constituents rising, pushing the altcoin season index to its highest level in over three months. Furthermore, CME's expanded crypto futures suite generated over $1 billion in total notional value year-to-date across newer offerings including Cardano, Chainlink, Stellar, Avalanche, and Sui contracts. BlockchainReporter highlighted these developments as key movements shaping the crypto industry.
Source & Fact-Check Note
https://blockchainreporter.net/crypto-news-today/
