Daily Market Wrap | Sep. 26

Hot Topics

• BlackRock filed for a Bitcoin Premium Income ETF to generate yield via covered call options on Bitcoin futures, complementing its $60B+ spot ETF.
• Korea Blockchain Week 2025, held Sept. 23-24 at Walkerhill Hotels & Resorts, features the IMPACT conference and AI WORLD.
• Hong Kong Monetary Authority warns that no stablecoin issuers, including AnchorX’s AxCNH pegged to the offshore yuan, are licensed, marking the first test of new strict stablecoin regulations.

Market Updates

• Cloudflare's NET Dollar stablecoin aims to enable fast, secure global transactions for AI agents, supporting a pay-per-use Internet model.
• Plasma's XPL token debuts on Binance and OKX with a $2.4B+ market cap, functioning as gas, staking, and reward token on its stablecoin-centric blockchain.