Daily Market Wrap | Oct. 09

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.