Latest Crypto News and Market Updates – September 26

1. ETH falls below $3,900, BTC drops under $110K

Ethereum (ETH) slipped below $3,900, while Bitcoin (BTC) dropped under $110,000. The sudden downturn caught bulls off guard, with analysts warning that the correction may not be over. Investors are advised to stay cautious and avoid panic selling.

2. XPL surges past $1.5, FDV exceeds $15B

XPL rallied above $1.5, pushing its fully diluted valuation (FDV) past $15B. However, analysts warn the valuation is “inflated,” with high short-term speculation risks and potential profit-taking pressure.

3. SEC to introduce new exemptions by year-end

The SEC Chair announced that new exemption policies will be rolled out before the end of the year, alongside stricter measures on conflicts of interest. This opens new compliance paths for transparent projects, but “gray” projects may face challenges.

4. Andrew Kang bets on ETH short-term puts

Investor Andrew Kang purchased a large volume of short-term ETH put options, signaling bearish sentiment and highlighting a cooling market outlook.

5. Ethereum co-founder moves 1,000 ETH to Kraken

Ethereum co-founder Jeffrey Wilcke transferred 1,000 ETH to Kraken. The whale sell-off sparked speculation that the market may be hitting a short-term top.

6. Canada fines KuCoin’s parent company $14M

Canadian regulators fined KuCoin’s parent company $14.09M. Legal pressure on centralized exchanges continues to mount, making it harder for smaller platforms to survive.

7. ASTER reassures users after XPL flash crash

ASTER confirmed its safety fund is intact and promised user compensation after the XPL perpetual flash crash. While handled quickly, the incident revealed flaws in contract design, and market trust may take time to recover.

8. Google buys stake in Cipher Mining, invests $1.4B

Google acquired a 5.4% stake in Cipher Mining and pledged a $1.4B guarantee. The move signals the Web2 giant’s deeper push into Web3 infrastructure, a positive sign for crypto mining.

9. Plasma airdrops $8,390 XPL to early ICO users

Plasma executed a major airdrop worth $8,390 in XPL to early ICO depositors. While the short-term “get rich quick” effect is strong, investors are warned of potential sharp price drops afterward.

10. U.S. jobless claims boost Fed rate-cut expectations

Fresh U.S. unemployment data lifted expectations for a Fed rate cut in October to 83.4%. While this supports asset prices, analysts caution that the sustainability of the data remains uncertain.

Overall: On September 26, ETH and BTC saw sharp declines, XPL surged with valuation concerns, and Google moved deeper into Web3. Market participants are closely watching SEC policy shifts and Fed decisions in October.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.