Gate Daily (September 30): SEC requests to withdraw XRP, SOL, ADA, DOGE ETF applications; Hyperliquid sparks a new trading wave for NFTs.

Bitcoin (BTC) has seen a strong rebound, temporarily reported around $114,510 on September 30. The U.S. SEC has requested that Litecoin (LTC), Ripple (XRP), Solana (SOL), Cardano (ADA), and DOGE ETF issuers withdraw their 19b-4 filings, as such filings are no longer necessary after passing the "general listing standards." Hyperliquid early users sold the airdropped Hypurr NFT for $467,000, drawing market attention.

Today's Outlook

1. China's official manufacturing Purchasing Managers' Index (PMI) for September was 49.4, previous value.

2. China's September S&P Global Services PMI, previous value was 53.0

3. The cash rate of the Reserve Bank of Australia was previously 3.60%.

4. UK second quarter current account (billion pounds), previous value was -23.5

5. UK Q2 GDP final value (annualized), previous value was 1.2%

6. UK Q2 GDP Final (QoQ), Previous value was 0.3%

7. France's September Consumer Price Index (monthly rate) preliminary value, previous value was 0.4%.

8. Germany's seasonally adjusted unemployment rate for September (official), previous value was 6.3%.

9. U.S. August JOLTs Job Openings (ten thousand), previous value was 718.1

10. The U.S. Conference Board Consumer Confidence Index for September had a previous value of 97.4.

11. The Reserve Bank of Australia announces the interest rate decision.

12. Federal Reserve Vice Chair Jefferson delivered a speech.

13. ECB President Lagarde delivered a speech at the international monetary policy conference hosted by the Bank of Finland.

14. On the eve of China's National Day, there will be no night trading.

Macro Events & Coin Circle Hotspots

1. The U.S. Securities and Exchange Commission (SEC) has instructed the issuers of the proposed spot exchange-traded funds (ETFs) for Litecoin (LTC), Ripple (XRP), Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) to withdraw their pending 19b-4 form filings. Previously, the agency approved generic listing standards on September 18, simplifying the process of bringing new cryptocurrency ETFs to market. This directive does not represent a setback for the issuers. Instead, it reflects a procedural shift that does not require changes to trading rules for each token individually.

2. After the Hyper Foundation finally airdropped the long-awaited Hypurr NFT collection, early adopters of the Layer-1 blockchain Hyperliquid focused on perpetual contracts received substantial rewards on September 28. According to OpenSea data, the current floor price of Hypurr NFTs is approximately 1,458 Hyperliquid (HYPE), which is $68,700. However, astonishing sales have already emerged far above that range. Hypurr #21 NFT features the extremely rare "Knight Ghost Armor" and "Knight Ghost Helmet," and was sold on September 28 for 9,999 HYPE, valued at $467,000.

Market Trends

1. Latest Bitcoin news: $BTC has seen a strong rebound, currently reported at around 114,510 USD, with 67.58 million USD liquidated in the past 24 hours, mainly from short positions;

2. The three major U.S. indices closed higher on Monday, as the buying momentum of large technology stocks outweighed the risks of a government shutdown and concerns over the Federal Reserve's hawkish comments and new tariffs. The Dow Jones Industrial Average rose by 68.78 points, an increase of 0.2%, to 46,316.07 points; the S&P 500 index gained 17.51 points, an increase of 0.3%, to 6,661.21 points; and the Nasdaq Composite Index rose by 107.09 points, an increase of 0.5%, to 22,591.15 points. The Philadelphia Semiconductor Index edged up by 0.2%.

(Source: Gate)

3. In the Gate BTC/USDT liquidation map, based on the current 114,392.70 USDT, if it drops to around 112,900 USD, the total liquidation amount of long positions exceeds 405 million USD; if it rises to around 115,154 USD, the total liquidation amount of short positions exceeds 543 million USD. The liquidation amount for shorts is significantly higher than for longs, so it is recommended to reasonably control the leverage ratio to avoid triggering large-scale liquidations amidst market fluctuations.

(Source: Coinglass)

4. In the past 24 hours, BTC spot inflow was 2.33 billion USD, outflow was 2.39 billion USD, with a net outflow of 60 million USD.

(Source: Coinglass)

5. In the past 24 hours, contracts such as $XPL, $SOL, $ASTER, $WLFI, and $DOGE have seen net outflows, presenting trading opportunities.

News Update

1. Phala Network plans to stop its parachain and migrate to Ethereum L2.

2. Federal Reserve's Musalem: It is anticipated that the Office of the Comptroller of the Currency will regulate non-bank stablecoin issuers.

3. The SEC has suspended stock trading for digital asset treasury companies QMMM and Smart Digital.

4. Turkey plans to allow regulators to freeze bank and cryptocurrency accounts.

5. Bloomberg: BlackRock's IBIT surpasses Deribit to become the world's largest Bitcoin options trading venue.

6. The SEC issued a letter to DoubleZero confirming that the 2Z token does not need to be registered as a security.

7. CFTC Acting Chair: The "turf war with the SEC is over," and both agencies are seeking to cooperate in the crypto space.

8. Bit Digital, an Ethereum treasury company, plans to raise $100 million through the issuance of convertible bonds.

9. Andre Cronje's new crypto project Flying Tulip has completed a $200 million seed round financing with a $1 billion token valuation.

10, Bhutan government wallet address transferred 2011.23 BTC to new wallet, approximately 230 million USD

X KOL Selected Views

Phyrex Ni (@Phyrex_Ni): "On September 29, the market trend has gradually repaired the previous bearish sentiment. Whether it is geopolitical conflicts, expectations of Federal Reserve policies, or concerns about government shutdowns, the sentiment is being gradually digested. In the past, the market generally viewed government shutdowns as negative events, but this time, due to the delayed release of data from the Bureau of Labor Statistics, there is instead a ten-day buffer period. Furthermore, if the shutdown increases, it may benefit the Federal Reserve's interest rate cuts, so in the short term, the market has gained some space for stable operation."

"Currently, the likelihood of a partial government shutdown in the United States around October 1, 2025, is high. Non-core departments and general operations may be suspended, but critical functions such as defense, security, and medical emergencies should continue. The trigger remains the deadlock between Congress and the President over budget appropriations and policy bundling, with the continuing resolution set to expire on September 30. If a new appropriations bill or a temporary extension cannot be passed before then, a shutdown will be triggered. Although both Congress and the White House wish to avoid the political and social risks of a full shutdown, time is already very tight. Historically, short-term shutdowns usually trigger a flight to safety, with funds likely flowing into the dollar, U.S. Treasuries, and gold, while small and mid-cap stocks, as well as industries highly related to government contracts, are most susceptible to impact. If the shutdown extends, it will not only drag down consumption and employment data but also increase pressure on the Federal Reserve to cut rates in October, as the damage to the economy and labor market will compel a policy shift sooner."

"Looking back at the data for Bitcoin, although the turnover rate increased on Monday, it wasn't very exaggerated. Especially from the perspective of the chip structure, the turnover is still mainly from short-term holders. The price increase has led many investors who bought the dip over the weekend to exit, which is a normal exchange of chips, while earlier investors have not reacted. The data from URPD also clearly shows that the current chip distribution is still very orderly, with no panic from loss-making investors, and the turnover of dip-buying investors is also very smooth, successfully passing through the support level."