News/Daily Market Wrap | Sep. 28 Daily Market Wrap | Sep. 28
Sep 28,2025,17:32
Hot Topics
- Grayscale notes Q3 2025 as an altcoin season due to Bitcoin's underperformance and stablecoin laws, with optimism for Q4 ETF growth.
- SEC Commissioner Hester Peirce apologizes for past crypto scrutiny, urges swift regulatory progress, and jokingly proposes "Dog's Breakfast" NFT collection.
- SoftBank and Ark Invest are in talks to invest in Tether’s $20B fundraising at a $500B valuation, highlighting the booming $287B stablecoin market.
Market Updates
- TeraWulf plans to raise $3B in Google-backed debt to expand data centers for AI, leveraging Google's 14% stake and support for crypto firms like Cipher Mining.
- Dubai's MGX buys 15% of TikTok U.S., with Oracle holding 45% combined, as American firms secure over 65% to ease ownership concerns.
- A "Baby Shark" token on Story Protocol crashed 90% after Pinkfong denied its authorization, confirming only Solana and BNB Chain tokens as official.
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