Monetary Policy

On September 24, the Federal Reserve released two regulatory proposals for payment stablecoins under the GENIUS Act, establishing reserve, capital and risk-management requirements for supervised issuers. The first proposal requires payment stablecoins to be fully backed by permitted reserve

According to the Federal Reserve, the central bank introduced new rules on September 24 allowing member banks to hold deposits and provide custody services for stablecoin issuers, provided they meet specified conditions. The rules implement the GENIUS

According to the Federal Reserve on Sept. 24, the central bank proposed capital, redemption and disclosure requirements for stablecoin issuers implementing the GENIUS Act. Issuers would face operational-risk capital charges of 2% on the first $20 billion in stablecoins outstanding, 1.5% on the

According to ChainCatcher, the Federal Reserve proposed requirements for banks issuing payment stablecoins, mandating at least $1 in approved reserves for every $1 of tokens, with customer redemptions typically completed within two business days. Issuers failing to meet minimum capital requirements

According to CME FedWatch data, Bitcoin traded near $84,490 on Thursday, down from Monday's $87,397 high, as markets price in a 75% probability the Federal Reserve raises rates in October and 59% odds for December. Higher rates strengthen the dollar and improve returns on bonds, making

The Trump administration is considering a plan to promote dollar-backed stablecoins overseas through potential joint ventures between the U.S. government and private companies. The initiative could involve the Treasury Department, State Department, and U.S. International Development Finance

According to Citigroup, US employers added 162,000 jobs in August, more than triple the 53,000 economists expected, prompting the bank to delay its forecast for the Fed's first interest rate cut to June 2027—nine months later than previously projected. The unemployment rate held at 4.1%, and prior m

CFTC Chair Mike Selig announced on CNBC that the agency is proceeding with crypto market structure rules, stating 'it's go time,' eight days after the Senate blocked the Clarity Act. Selig argued the CFTC's existing statutory authority permits action without Congressional approval, focusing on

The U.S. composite PMI output index rose from 56.0 in August to 58.4 in September, reaching a 62-month high. The services PMI rose from 56.5 to 58.7, while the manufacturing output index climbed from 53.1 to 56.7, with manufacturing and services expanding in tandem. The new orders index jumped from 55.2 to 58.2, its highest level since March 2022; backlogs of work also rose to their highest level since May 2022. Chris Williamson, chief business economist at S&P Global Market Intelligence, noted

On September 23, 2026, preliminary U.S. September PMI data released by S&P Global exceeded market expectations across the board, immediately triggering a Chain Reaction across global risk assets. The CME FedWatch tool shows that the probability of the Fed keeping rates unchanged at 3.75%-4.00% at its October meeting is 29.1%, while the probability of a 25-bps rate hike is 70.9%. Meanwhile, according to data from Gate 行情, 比特币 was trading near $84,138 as of September 24 Beijing time, down approxim

The European System of Central Banks (ESCB, comprising the European Central Bank and the national central banks of EU member states) submitted its comments on MiCA to the European Commission on September 22, calling for the removal of the requirement that stablecoin issuers hold 30%–60% of their reserves in commercial banks and recommending the adoption of a “liquidity threshold” instead. The ESCB also called for MiCA’s ban on interest payments to be expanded from “direct interest payments” to i

Bitcoin (BTC) fell from this week’s high on September 24, trading at around $84,340, down approximately 2.2% over 24 hours. According to CoinGlass data, approximately $444 million in long positions were liquidated in the 24 hours through that time, the highest level since September 15. FED Governor Michael Barr hinted that “further policy adjustments may be needed” to curb inflation. $444 Million in Long Liquidations: Timing Connection Between PMI Data and FED Rate-Hike Signals According to Coin

According to Francis Brook, U.S. Deputy Treasury Secretary, stablecoin issuers currently hold approximately $200 billion in U.S. Treasury bills and short-dated securities, and could substantially increase these holdings over the coming years once the GENIUS Act regulatory framework is finalized. Bro

Bitcoin dropped below $84,000 on Wednesday after US business activity data showed unexpected strength. BTC briefly touched approximately $83,878 on some feeds, though prices varied across exchanges with other feeds remaining above $84,000. The decline followed the release of the US flash composite p

According to Citi Research podcast featuring Dirk Willer and Alex Saunders, recently most central banks maintained hawkish stances while Bank of Japan signaled a dovish shift, impacting USDJPY exchange rates. The strategy team noted that Japan's policy pivot formed a key driver for currency market m

Gate News reports that, according to a Gate Research report covering September 14–20, 2026, the Fed raised interest rates by 25 bps during the week, while the U.S. 10-year Treasury yield rose to around 5%, putting broad pressure on risk assets. BTC and ETH weakened at the start of the week before rebounding, outperforming most traditional risk assets over the week. BTC ETF net flows were essentially flat, while ETH ETFs saw net outflows of $141 million. Gate TradFi’s weekly trading volume was ap

The European Central Bank (ECB) announced the launch of a digital euro aimed at banks. The initiative was shared by CryptoTwitter commentator @upbitglobal. The ECB stated the move is part of a strategy to enhance efficiency in financial transactions and includes plans for purchasing tokenized

Bitcoin (BTC) maintains a strong rebound posture, trading at around $86,620 as of September 23. The U.S. Commodity Futures Trading Commission (CFTC) warned that “Mention Market” prediction market contracts carry a high risk of manipulation and may only be offered in limited circumstances. The European Central Bank and EU central banks proposed expanding the MiCA framework to prohibit crypto platforms from offering yields on Stablecoins through indirect methods such as lending and staking, and re

From 13:45 to 14:00 on September 22, 2026 (UTC), BTC edged higher over 15 minutes, with a Return of +0.49%, a price range of 85,878.4–86,363.6 USDT, and an Ampl of 0.56%. The current offer is approximately $86,139, with a 24-hour rise of approximately 0.94%. The market is showing a narrow-range consolidation pattern, with attention increasing somewhat. The core driver of BTC’s moderate rise was that multiple positive factors offset macroeconomic headwinds. The Fed raised interest rates by 25 bps