A new block, a new chance: builders ship, markets breathe, and the chain keeps moving.

Prices (USD, inline): BTC $113,860 • ETH $4,228 • SOL $182 • BNB $832 • XRP $2.90 • ADA $0.855 • AVAX $22.97 • DOGE $0.215 • DOT $3.81

Quick Index ⚡️
📉 Fed minutes jitters: crypto softens, breadth mixed
🧰 Cboe moves to list FLEX options on spot BTC ETFs
🏛️ SEC chair: “very few tokens are securities”
🏦 Stablecoin summer: Goldman upbeat, Circle stock cools
🏁 Bullish settles $1.15B IPO in stablecoins — a first
🌏 Thailand pilots crypto→baht payments for tourists
🔗 USDC “Gateway” goes live for instant cross-chain liquidity

Markets

Risk-off into the Fed minutes. Majors drifted lower ahead of today’s FOMC minutes, with Bitcoin hovering near $114K and ETH around $4.2K as traders trimmed September cut odds after hotter wholesale inflation. Barron’s framed the slide within a broader risk-off tone across tech, as rates path uncertainty keeps crypto beta on a tight leash. (Barron'sReuters)

Cboe files to permit FLEX options on spot BTC ETFs. A fresh Federal Register notice shows Cboe seeking rule changes to allow FLEX options on funds like IBIT, GBTC and BITB. If approved, dealers get new tools to hedge and structure risk around spot BTC exposure — a depth/liquidity positive that could compress spreads over time. (Federal Register)

Stablecoin complex in focus. Goldman Sachs Research dubbed it the “Summer of Stablecoins,” expecting infra-led integration into tradfi rails — while Barron’s warns Circle’s post-IPO rally looks stretched, with multiple analysts flagging valuation risk even as fundamentals improve. Net: growing stablecoin utility, but select equity risk. (InvestopediaBarron's)

Regulation

SEC chair signals friendlier stance: “very few tokens are securities.” Speaking this week, Chair Paul Atkins reiterated that a token “itself is probably not” a security — classification depends on how it’s offered. It’s not a final rule, but it’s powerful guidance for token issuers and secondary trading venues calibrating compliance. (Coverage via The Block and Cointelegraph.)

Global banks push Basel to rethink crypto rules. Major industry bodies urged the Basel Committee to revise 2026 bank-crypto standards, calling the approach too conservative for today’s market structure. Any recalibration could expand balance-sheet capacity for token custody, market-making and settlement. (Reuters.)

At the Fed: openness over prohibition. Vice Chair for Supervision Michelle Bowman floated allowing central-bank staff to hold small crypto exposure to improve oversight literacy — more “engage and learn” than “hands off.” Symbolically important, even if policy-neutral near term. (Reuters recap.)

Adoption

Bullish settles its IPO proceeds in stablecoins — at scale. The exchange said the full ~$1.15B raised was received in a basket of dollar/euro stablecoins, marking a first-of-its-kind settlement for a U.S. listing and a showcase for tokenized money in capital markets. Expect peers to explore similar flows as post-trade rails modernize. (Company note, CoinDesk, Reuters/Yahoo coverage.)

Thailand greenlights crypto→baht pilot for tourists. Bangkok will run an 18-month program letting visitors convert crypto to local currency for in-country payments — a pragmatic test of stablecoin/crypto acceptance across retail rails, with obvious spillovers for travel corridors in APAC. (Reuters.)

Africa’s stablecoin rails go global. Payments firm Yellow Card announced expansion beyond the continent (Argentina, Brazil, Mexico, India and more), leaning on dollar stablecoins for cross-border settlement. Watch corridors where FX friction is highest — that’s where crypto dollars tend to stick. (IT-Online.)

Tech & Innovation

USDC gets “one balance, many chains.” Circle launched Gateway on mainnet, unifying USDC liquidity across multiple blockchains with near-instant movement under the hood. For exchanges, PSPs and wallets, this cuts operational complexity (no more fragmented pools/bridges) and could tighten spreads where flow is fragmented today. (Circle blog; industry write-ups.)

Tokenised commercial bank money pilot widens. UDPN, G+D and GFT joined a new pilot for on-chain commercial bank money, a step toward bank-grade settlement instruments that interoperate with public-chain ecosystems. If adopted, this could coexist with stablecoins to handle regulated B2B flows. (Fintech News Singapore.)

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Make it your edge: The Blockchain In Daily is your crisp pass to what actually moved — prices, policy, real-world adoption, and the tech shipping now. See you on the next block tomorrow.