The Blockchain In Daily

A sunrise block beats any bear—stack signal, not stress.

Prices (USD, inline):
BTC $111,152.00 🟢↑ | ETH $4,321.89 🔴↓ | SOL $208.55 🟢↑ | BNB $853.07 🔴↓ | XRP $2.84 🟢↑ | ADA $0.8302🟢↑ | AVAX $24.97 🟢↑ | DOGE $0.2157 🟢↑ | DOT $3.82 🟢↑ 

Quick Index ⚡️
📊 BTC hugs $111K as traders flag September seasonality; SOL outperforms majors.
🏛️ SEC + CFTC issue joint crypto move clarifying when registered venues can offer spot trading. 🚨 OKX fined $2.6M in the Netherlands over registration lapse.
🏗️ Winklevoss-backed bitcoin treasury to list in Amsterdam via reverse deal.
📈 Bitcoin ETPs now hold ~1.47M BTC (~7% of supply).
🧱 Solana approves “Alpenglow” overhaul with 98% yes vote.

Markets
Bitcoin steadied near $111K as desks highlighted the market’s notorious September drag—historically one of the trickiest months—while Solana led large-cap gains. According to CoinDesk, traders see thinner liquidity and macro uncertainty as reasons to tread carefully even as SOL strength offsets broader malaise.

Institutional flows continue to reshape supply: bitcoin exchange-traded products now hold more than 1.47 million BTC, roughly 7% of the 21 million cap. The latest tallies—compiled across issuers—underscore how spot funds have become a persistent sink for coins, even as momentum rotates between BTC and ETH month to month, per Yahoo Finance’s aggregation of recent holdings data.

Regulation
The U.S. SEC and CFTC unveiled a coordinated initiative to clarify when registered exchanges can list and facilitate spot trading of certain digital assets. The joint move, reported by Reuters and CoinDesk, narrows gray areas around retail spot commodity transactions and signals a more unified U.S. approach—potentially paving the way for mainstream venues to expand crypto product menus under existing oversight.

In Europe, Dutch central bank enforcement hit home: OKX was fined about $2.6 million for offering services without the required registration between 2023 and 2024. The message for global platforms is clear—passporting and local compliance aren’t optional in the EU’s tightening regime. (According to CoinDesk’s policy desk.)

And at the top of the policy stack, ECB President Christine Lagarde pressed lawmakers to close stablecoin rule gaps, especially for foreign-issued coins, urging strong safeguards and equivalence frameworks. That stance hints at stricter cross-border standards as MiCA implementation bites. (As outlined by Reuters.)

Adoption
A Netherlands-based bitcoin treasury company backed by the Winklevoss twins is heading to Euronext Amsterdam via a reverse listing, after raising €126 million to scale holdings and tap European demand for BTC-focused vehicles. It’s a fresh template for “BTC-on-balance-sheet” businesses to access public markets in the EU. (As reported by Reuters.)

In Asia, Hong Kong–listed Yunfeng Financial said it’s building an ether treasury starting with a 10,000 ETH (~$44M) purchase—joining a small but growing cohort of public firms adopting ETH as a strategic asset. The rationale: diversify fiat exposure and align with Web3 initiatives. (According to CoinDesk.)

Tech & Innovation
Solana validators approved the “Alpenglow” upgrade with over 98% support, setting up one of the network’s most ambitious revamps. Developers say the package targets throughput and reliability—an important step as SOL’s on-chain activity and order-book style apps keep scaling. (Coverage via CoinDesk.)

Stellar is prepping a network infrastructure overhaul that has major South Korean platforms scheduling temporary service pauses. For builders and exchanges, the near-term friction should translate into sturdier rails and higher capacity as Protocol-level changes go live. (According to CoinDesk’s markets/tech updates.)

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