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Bitcoin ETFs took in nearly $1 billion on Monday, the largest single day in eleven months. Bitcoin is around $86,000 after touching $87,000 overnight, and the total crypto market is back above $3 trillion. Here's what sits underneath that: 1️⃣ The buying is broad rather than concentrated. Ether ETFs added $270 million the same day, Strategy resumed purchases with 950 Bitcoin, and 22 of 24 tracked sectors finished the week higher. 2️⃣ The European Central Bank switched on a system letting banks pay for tokenized bonds with money held at the central bank itself, instead of stablecoins. Thirteen institutions are connected, including Deutsche Bank and Santander. The ECB also plans to buy tokenized bonds with its own money. 3️⃣ Some traders are not convinced this holds. One scenario doing the rounds has Bitcoin trading sideways through October, dropping below $70,000 later in the year, and only then starting a proper bull run. Worth keeping in mind while sentiment runs this hot.

Eleven months since ETFs last saw a day this big. Nothing in this material constitutes investment or financial advice. Trading digital assets involves significant risk, including the potential loss of capital. Please conduct your own research. Terms and conditions apply. 📈 App | 📷 Insta | ✖ X

🗓️ September 23 is closer than it looks. The $10K Team Trading Competition wraps then, and the final leaderboard snapshot is what counts. Whatever position your team holds now, the next few days decide where you finish. 🔘 In the top spots? Rally your roster and defend it. 🔘 Close to the top? This is the window to push. 🔘 Not on a team? Joining one now still adds your volume to their total.

💬 Keep in mind: Even one trade gives you a chance to win a random reward.

Find more details here ➡️ go.cex.io/twno Margin Trading is available in select countries only. Check supported regions here: go.cex.io/8gat

Bitcoin is around $84,000, up about 8% on the week and near its highest level since May. ETFs took in $433 million on Friday, pushing assets back above $100 billion. Here's what sits underneath that:

1️⃣ Glassnode published data on how August's rally actually happened, and it's worth knowing before assuming this one is different. Over five days, Bitcoin rose 24.6% while active leverage fell 12.6%. Short positions accounted for 89% of everything liquidated. Rallies built on conviction add open positions. This one shed them, which is the signature of forced buying rather than new demand. 2️⃣ The CFTC sent its own crypto rulebook to the White House for review, a week after the CLARITY Act stalled. Together with the SEC's tokenized stock exemption last Thursday, both agencies are now writing rules Congress failed to pass. Neither has the reach of legislation, but neither is waiting for it either. 3️⃣ Almost every corner of the market participated. Twenty three of twenty four tracked sectors finished the week higher, with data availability up 65% and AI up 38%. The Altcoin Season Index climbed to 51, its highest in over a month.

A quiet macro week ahead, with Xi Jinping visiting the US on Thursday as the main event. Nothing in this material constitutes investment or financial advice. Trading digital assets involves significant risk, including the potential loss of capital. Please conduct your own research. Terms and conditions apply. 📈 App | 📷 Insta | ✖ X

Сrypto, still waiting on that "clarity"

📌 Two days after the CLARITY Act stalled in the Senate, the SEC did part of the job itself. It cleared a path for tokenized US stocks to trade onchain. Here's what that means:

1️⃣ Until now, any venue matching buyers and sellers of tokenized stocks risked being treated as a full exchange, which takes years to register. The SEC waived that for five years, with conditions attached. 2️⃣ Three major central banks raised rates in seven days. The ECB last week, the Fed on Wednesday, and the Bank of Japan this morning to 1.25%, its highest since 1995. Cheap money from central banks is off the table for now, which means risk assets need other reasons to rise. 3️⃣ Altcoins are moving anyway. Uniswap gained about 27%, ONEchain 29% and Arbitrum 24% over the past day. DEXs and rollups were the two strongest sectors this week, so the move has some structure behind it rather than being scattered. The Altcoin Season Index climbed to 45 from 37, its highest in weeks.

Congress couldn't pass the bill. The regulator wrote part of it anyway. Nothing in this material constitutes investment or financial advice. Trading digital assets involves significant risk, including the potential loss of capital. Please conduct your own research. Terms and conditions apply. 📈 App | 📷 Insta | ✖ X

September Referral Special ➡️ Get up to a 50 USDC reward for you and a friend! Everyone starts as a crypto freshman. Be the person who brings them in. 🍁 From September 17 to Sept 30, share your referral link with friends, family, or anyone curious about crypto. When they make their first $100+ purchase or fiat deposit, you both get rewarded. How to enroll them:

1️⃣ Copy your unique enrollment link 2️⃣ Pass it to someone ready to start in crypto 3️⃣ Collect your USDC in the Reward Center

Plus: Your standard 30% ongoing commission stays active alongside this promo. Spots are limited and first-come, first-served.

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🖥 The Fed raised rates a quarter point yesterday, its first hike since 2023, and signalled it isn't finished. Bitcoin recovered above $76,000 anyway. Here's what happened:

1️⃣ The hike itself was expected. What surprised people was the forecast that came with it. Four times a year each Fed official submits where they think rates should go, and this time 16 of 18 said at least one more increase is coming before year end. Back in June, eight of them expected none at all. That flip is the actual news, because it turns a single hike into the start of a cycle. 2️⃣ One morning after the CLARITY Act stalled in the Senate, two other crypto bills passed their first hurdle in the House. One would lock up the Bitcoin the US government has seized from criminals for 20 years, meaning it can't be sold. The other creates the first clear federal tax rules for crypto. Neither is law yet, both still need full votes in the House and Senate. 3️⃣ ETFs haven't turned yet. Bitcoin funds lost $296 million on Wednesday and Ether funds $224 million, a second straight day of heavy outflows despite the price recovery.

A hawkish Fed and a failed bill in the same week, and Bitcoin is higher than it was on Tuesday. Nothing in this material constitutes investment or financial advice. Trading digital assets involves significant risk, including the potential loss of capital. Please conduct your own research. Terms and conditions apply. 📈 App | 📷 Insta | ✖ X

⚡ Team rankings in our $10K Trading Competition are shifting fast — and the gaps are smaller than you'd think. We're past the midpoint of the Team Trading Competition, and a handful of active traders can move a team several spots in a single day. 🔸 Combined volume decides rank, so every member's trades matter 🔸 The winning team takes home up to $5,000 USDT 🔸 Haven't built or joined a team yet? It's not too late to make a run Check where your team stands and make your move. More details 👉 go.cex.io/twno Margin Trading is available in select countries only. Check supported regions: go.cex.io/8gat 📈 App | 📷 Insta | ✖ X

💬 The CLARITY Act failed in the Senate yesterday, 49 votes to 50, well short of the 60 needed. Bitcoin dropped below $76,000. Here's where that leaves things:

1️⃣ The bill didn't fail over its actual content. The framework splitting oversight between the SEC and the CFTC, which is what the industry wanted, was never the sticking point. It collapsed over ethics language covering crypto holdings of elected officials. Senator Lummis, who wrote the bill, said afterward that it's over for this Congress. 2️⃣ Markets had mostly priced it in. Prediction market odds had been falling in the hours before the vote. Bitcoin ETFs saw $450 million leave on Monday, with Ether ETFs losing another $141 million. Most of the positioning happened before the result. 3️⃣ Regulation continues without it. The SEC's own crypto framework is open for public comment until October 20, and its chairman said the agency will move forward with or without legislation. Nothing changes for holders today.

The Fed decides this evening, with a hike widely expected. The decision itself is priced in. What Warsh says about the path ahead is not. Nothing in this material constitutes investment or financial advice. Trading digital assets involves significant risk, including the potential loss of capital. Please conduct your own research. Terms and conditions apply. 📈 App | 📷 Insta | ✖ X

📊 Fees and limits. Worth two minutes, and here's why. Costs vary depending on what you're doing. Payment method, which crypto, whether you're trading or moving funds out. Limits also change as your account matures, so what applies to you in month one isn't what applies later. ✍️ Knowing which one fits your situation means you can pick the option that suits you best. It's all on one page, open to anyone, no account needed 👉 Limits and Commissions. 📌The least exciting page we have, and one of the most useful. 📈 App | 📷 Insta | ✖ X

The Senate votes today at 2:15 p.m. ET on whether the CLARITY Act moves forward, and the odds doubled over the weekend. Here's what changed:

1️⃣A new version of the bill was released with tougher ethics rules, and Trump accepted most of what Democrats had asked for. Ethics had been one of the central obstacles holding the bill up all summer. 2️⃣Prediction markets repriced sharply. Kalshi's odds of passage moved from 18% to 44%, while Polymarket's odds of the bill being signed into law this year went from 14% to 30%. Galaxy's head of research raised his own estimate from 10% to 25%. 3️⃣ The CLARITY Act would finally define which US regulator oversees what in crypto, splitting it between the SEC and the CFTC. Right now that question gets settled case by case in court. Today's vote only opens debate, so passage would still take several more steps before the end of the year.

Bitcoin touched $79,000 overnight and fell back to $77,000. The Fed decides tomorrow. Nothing in this material constitutes investment or financial advice. Trading digital assets involves significant risk, including the potential loss of capital. Please conduct your own research. Terms and conditions apply. 📈 App | 📷 Insta | ✖ X

Two of the biggest events on the crypto calendar land tomorrow and Wednesday. Here's the setup:

1️⃣ The Senate votes tomorrow on whether to advance the CLARITY Act to the floor. It needs 60 votes, and Republicans hold 53 seats, so it depends on Democrats crossing over. If the vote fails, the bill is effectively finished for 2026 and regulatory uncertainty carries into next year. 2️⃣ The Fed decides Wednesday, and markets now price an 85% to 90% chance of a rate hike. At the July meeting the committee voted 9 to 3 to hold, with three members already pushing for higher rates. The bigger question is whether Warsh frames a hike as a one-off or the start of a tightening cycle. 3️⃣Ether ETFs took in $216 million on Friday while Bitcoin ETFs saw a fourth straight day of outflows, though a small one at $13 million. That split has been building all week.

Bitcoin has been rejected at $82,000 three times in two weeks and now sits at $77,600. A hike is priced in. How Warsh describes it is not. Nothing in this material constitutes investment or financial advice. Trading digital assets involves significant risk, including the potential loss of capital. Please conduct your own research. Terms and conditions apply. 📈 App | 📷 Insta | ✖ X

💪 A bigger team is sometimes a faster-climbing team. We're 9 days into the $10K Team Trading Competition, and rosters are still growing. Every active trader you add brings their volume with them. 🔘Teams can hold up to 20 members — most have room to spare 🔘 Anyone on a team can invite, not just the Captain 🔘 Prize pool up to $10,000 USDT, up to $5,000 USDT for the winning team 🔘 Not on a team yet? Browse the leaderboard and send a join request More details 👉 go.cex.io/twno Margin Trading is available in select countries only. Check supported regions: go.cex.io/8gat

✉️ Bitcoin is down a fourth straight day at $77,347, with US inflation data landing at 3:30 p.m. CET. Forecasts point to 3.4%, unchanged from last month. Three things behind that:

1️⃣ ETFs pulled out $283 million yesterday, the third consecutive outflow and larger than the previous two combined. Ether funds lost $30 million. Traders have also been scaling back bullish options positions ahead of the print, so positioning looks defensive rather than panicked. 2️⃣ Senate Republicans released revised Clarity Act text ahead of the September 15 vote, with changes to DeFi and credit union provisions. That vote is four days away and would give the US its first real federal framework for crypto regulation, after more than a year of the bill stalling. 3️⃣ Researchers working with AI agents cut the estimated cost of a future quantum attack on Bitcoin and Ethereum by more than half in eight weeks, beating a Google benchmark from March. No machine exists that could run it today. The catch is that roughly a third of all Bitcoin sits in addresses where the key is already publicly visible, and moving those coins to safer addresses is something that has to happen before the technology arrives.

Nothing in this material constitutes investment or financial advice. Trading digital assets involves significant risk, including the potential loss of capital. Please conduct your own research. Terms and conditions apply. 📈 App | 📷 Insta | ✖ X

Me, done surviving this bear market. See you next cycle 👋

🖥 Bitcoin is up roughly 22% since mid-August, and the companies that mine it have almost entirely missed the move. Three things behind that:

1️⃣ Of eleven mining and mining-adjacent companies tracked by The Block, only one beat Bitcoin over that stretch, and it builds hardware rather than mines. The rest returned a median of 1.8%. Exchanges and stablecoin companies, meanwhile, kept pace with Bitcoin exactly. 2️⃣ The reason is how they funded their pivot. Miners sold between 28,000 and 32,000 Bitcoin in the first half of the year and committed over $70 billion to AI data centers. For three of the largest, computing is now expected to generate around 70% of revenue this year. The bet may still work, but they paid for it by selling the asset that then rallied. 3️⃣ Bitcoin itself slipped below $78,000, a third straight daily decline after failing at $80,000. ETFs saw $120 million leave yesterday, a second consecutive outflow, while ether funds took in $35 million.

Miner stocks used to move harder than Bitcoin in both directions. That amplification just didn't show up. Nothing in this material constitutes investment or financial advice. Trading digital assets involves significant risk, including the potential loss of capital. Please conduct your own research. Terms and conditions apply. 📈 App | 📷 Insta | ✖ X

More than 71% of all Bitcoin supply is now in profit, closing in on the 74.7% level that has historically preceded bear-to-bull transitions.

👀 Watching: "That's the signal. Every bull market started here." 🧠 Thinking: "The same number means 71% of holders can sell without taking a loss. Bitcoin has been rejected twice at $82,000 this month. Which force shows up first?"

The difference isn't experience. It's remembering that every bullish metric has a seller on the other side of it. 💬 Which reading are you going with? 📈 App | 📷 Insta | ✖ X

🟢 Bitcoin recovered to $79,640 overnight after dipping to $77,600 yesterday. Oil is nearing $100 amid escalating strikes in the Gulf, which normally pressures risk assets, yet crypto held up. What's underneath:

1️⃣ More than 71% of all Bitcoin is now sitting in profit, per Bitfinex. The historical average is 74.7%, and crossing it has usually marked the shift from bear to bull. But there's a catch they point out themselves: more coins in profit also means more people who can sell. That may explain why the push toward $82,000 keeps stalling. Glassnode adds that volatility right now is driven less by leverage or market size and more by who actually holds the coins. 2️⃣ Strategy's return to bitcoin buying lasted exactly one week. Instead of adding more, the company spent $176 million buying back its own preferred shares. Bitmine went the other way, adding 28,086 ETH and moving within reach of 5% of the entire ether supply. 3️⃣ Both Bitcoin and Ether ETFs saw small outflows on Tuesday, around $47 million and $24 million. Bitfinex flags this as the thing to watch: whether inflows hold through this week's Treasury buyback and Friday's inflation print.

71% in profit reads bullish until you remember every one of them can sell. Which side of that are you on? Nothing in this material constitutes investment or financial advice. Trading digital assets involves significant risk, including the potential loss of capital. Please conduct your own research. Terms and conditions apply. 📈 App | 📷 Insta | ✖ X

🔈 The Team Trading Competition is underway — and the squads are already pulling ahead. Trading solo still counts, but combining your volume with others can help you climb faster. If you haven't built or joined a team yet, now's a good time. What’s at stake: 🟣Up to $10,000 USDT in prizes — with up to $5,000 USDT going to the winning team 🟣20% of the team’s prize goes to the Team Captain, while the remaining 80% is split among all members 🟣The top 10 teams or solo traders take the largest share of the prize pool 🟣Even one trade gives you a chance to win a random reward More details ➡️ go.cex.io/twno 👈 Margin Trading is available in select countries only. Check supported regions: go.cex.io/8gat 📈 App | 📷 Insta | ✖ X

✉️ The Liquid Network attackers returned 3,400 of the 4,000 bitcoin they took on Sunday, about 85% of it, after Blockstream patched the bug they exploited. They kept roughly $47 million and haven't explained why. The network is still offline. What else is on the radar:

1️⃣A security firm called Hacken found that about half of all USDT in circulation, roughly $91 billion on the Tron network, sits behind a contract needing only two of three keys. There's no timelock and no way to reverse an unauthorized change. Hacken found no evidence of any breach. 2️⃣ The timing is awkward. The same review upgraded Tether's rating from D to C after KPMG confirmed reserves exceed liabilities by $6.8 billion. Its cybersecurity score was 3.3 out of 10. Financially solid, structurally exposed. 3️⃣ Bitcoin slipped to $78,300 as Fed hike odds climbed back to 59%, with the meeting eight days out. Friday's inflation print is the last real data before the decision.

Half of USDT sits behind two keys. Does that change how you think about stablecoin risk? Nothing in this material constitutes investment or financial advice. Trading digital assets involves significant risk, including the potential loss of capital. Please conduct your own research. Terms and conditions apply. 📈 App | 📷 Insta | ✖ X