Daily Market Wrap | Sep. 19

Hot Topics

• SEC approves accelerated crypto ETF listing standards, slashing approval timelines to 75 days without 19b-4 forms for qualifying products.
• SEC streamlines spot crypto ETF listings with generic standards, approves Grayscale's Large Cap Fund and Cboe Bitcoin ETF options.
• Michigan's HB 4087, allowing up to 10% of state treasury reserves in bitcoin, advances to a second reading.

Market Updates

• Grvt raises $19M from ZKsync and others to scale privacy-focused DEX using zero-knowledge proofs.
• Brera Holdings, now Solmate, raised $300M to build a Solana treasury, backed by ARK Invest and others, with shares up 14%.
• Nvidia will invest $5B in Intel at $23.28 per share to develop AI-driven data centers and PCs, boosting Intel's stock by 24% and AI crypto tokens like NEAR, TAO, and FET.