Flipster Crypto Weekly (October 3)

Policy clarity and capital inflows lift crypto above $120K

October 3, 2025

Markets broke higher this week as capital rotated back into majors. BTC climbed from ~$112K to above $120K, while ETH rose from ~$4.1K to above $4.5K. BTC dominance hovered near 59% as traders positioned around macro risk and the U.S. government shutdown.

Policy clarity lifts sentiment

After months of jurisdictional tension, the SEC and CFTC announced plans to unify oversight through a new “Crypto Sprint” initiative, aligning definitions, reporting, and capital rules. The move signals a long-awaited step toward consistent regulation and reduced uncertainty for institutions.

Meanwhile, CME announced plans to launch 24/7 trading for crypto futures and options in early 2026, subject to regulatory review, marking a major nod to global, round-the-clock liquidity demand. The IRS also clarified that the Corporate Alternative Minimum Tax (CAMT) will not apply to unrealized crypto gains, offering further clarity for corporate holders. Congressman Begich renewed calls for a U.S. Bitcoin reserve under the proposed BITCOIN Act.

Capital formation accelerates

Institutional capital continued to build through strategic allocations and fundraises. SoftBank and ARK Investment Management entered early talks to back Tether’s multi-billion equity round. Strategy and Metaplanet expanded BTC holdings, with Metaplanet now the fourth-largest public Bitcoin holder after adding 5,268 BTC worth $623M. Bit Digital announced a $100M convertible note raise to expand its mining operations.

Product and protocol innovation

Innovation across stablecoins, infrastructure, and trading platforms accelerated. Stripe launched a new stablecoin issuance platform debuting with Phantom’s CASH, while also partnering with OpenAI to power agentic commerce. Tether unveiled its open-source WDK wallet with full DeFi and multi-platform access. On Solana, Jump’s Firedancer team proposed uncapping block limits after the Alpenglow upgrade to expand throughput.

Lighter, a new Hyperliquid rival, launched its Ethereum L2 mainnet with low-latency perpetuals and a new points season, joining a wave of performance-focused DEX entrants.

Trading activity surges

Perpetual DEX volume hit a record $1.14 trillion in September, up nearly 50% month-on-month, led by Aster, Hyperliquid, and Lighter. Despite a 25% MoM drop in deal count to 62, total crypto VC funding rose to $5.12B, underscoring renewed conviction in select builders and infrastructure plays.

What’s next

Capital rotation is accelerating again as policy alignment, institutional flows, and product innovation converge. Traders are watching whether BTC can sustain momentum above $120K and if ETH can reclaim leadership as rotation themes deepen.

Position for the move. Trade on Flipster.

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