Daily Market Wrap | Sep. 28

Grayscale notes Q3 2025 as an altcoin season due to Bitcoin's underperformance and stablecoin laws, with optimism for Q4 ETF growth.
SEC Commissioner Hester Peirce apologizes for past crypto scrutiny, urges swift regulatory progress, and jokingly proposes "Dog's Breakfast" NFT collection.
SoftBank and Ark Invest are in talks to invest in Tether’s $20B fundraising at a $500B valuation, highlighting the booming $287B stablecoin market.

TeraWulf plans to raise $3B in Google-backed debt to expand data centers for AI, leveraging Google's 14% stake and support for crypto firms like Cipher Mining.
Dubai's MGX buys 15% of TikTok U.S., with Oracle holding 45% combined, as American firms secure over 65% to ease ownership concerns.
A "Baby Shark" token on Story Protocol crashed 90% after Pinkfong denied its authorization, confirming only Solana and BNB Chain tokens as official.

Policy and Regulation