We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC & ETH updates, recent investments, developments of exciting new projects, and other relevant topics.

Here is everything you need to know from September 25th to 29th.

📈 Weekly BTC and ETH Overview

Bitcoin remains in a crucial price range as it looms around $26.5K during the 50-day moving average. A bullish breakout may drive the price to $27,500 and the $28K area. Nevertheless, a bearish rejection could lead to a significant drop, risking a market crash below $25K.

Although the futures market and traders express bearish sentiment, Ethereum's recent price movement offers positive sentiment, suggesting a potential short-term reversal to regain the 200-day moving average.

BTC is trading at $26.9K when writing, up 2.3% in the last 24 hours. Similarly, ETH is trading at $1.67K, up 3.39% in the previous 24 hours.

🗞️ Top Market News

Coinbase introduces perpetual futures trading for global retail users (excluding US). The approval comes within a month of the NFA to offer derivatives services to institutional clients. Additional regulatory approval will allow non-U.S. customers to trade in perpetual futures. Read more here.
SEC delays spot bitcoin ETFs from BlackRock, Valkyrie, Bitwise, Invesco. Many analysts say this postponement is due to the impending risk of the U.S. government shutdown on October 1st. Read more here.

🚀 New Project Developments

IOTA (MIOTA) unveils public Smart Contracts and a new token. The contracts will be released on Shimmer EVM, an Ethereum-compliant blockchain. IOTA will allow developers to build applications and use features that are not yet available on the network. Read more here.
Binance launches Biconomy (BICO) Perpetual Contract with 10x leverage. The maximum funding rate of the BICOUSDT Perpetual Contract at the time of launch is +3.00% / -3.00%. More information will follow closer to the launch. Read more here.
zkLink Summer Tour's final week now live on Galxe platform. The zkLink Summer Tour delves into top crypto platforms and valued ecosystem partners, such as zkSync, LayerZero, Linea, Base, Optimism, Mantle, Arbitrum, Polyhedra, Stargate, ZKEX, zkJump, zkME, and numerous others. Read more here.

🔍 More Featured Stories

Hong Kong set to issue guidance on tokenizing stocks soon. Hong Kong's Securities and Futures Commission, represented by Christina Choi, Executive Director of Investment Products, will soon provide guidance on authorizing the tokenization of investment products. Choi mentioned in a recent speech that the SFC is actively working on this initiative. Read more here.

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