Alright good morning, good afternoon, and good evening wherever you’re tuning in from — it’s your guest host Quile back with another Daily Crypto News. It’s Wednesday, Mittwoch, October 1. Fall is here. Spring for your Southerners.
Big day macro-wise — the U.S. government has shut down, and the markets are reacting exactly how you’d expect: Bitcoin’s climbing, traders are hedging, and crypto’s a good spot to be riding it out.
It’s one of those weeks where the entire world feels like it’s trading on vibes, and crypto’s back in the spotlight - from TOKEN2049 in Singapore to new digital asset funds, regulators warming up, and some other headlines. It’s a fun show today.
Matt’s Guardians lost a nailbiter. Lot’s of good baseball. Some ripping Champions League. Liverpool need to pull their heads out their rear ends. Some fun games today like PSG X Barcelona. Dembele as Balon D’Or Winner and the reigning UCL champs, against one of the prime teams to knock them off.
First, a listener question. Scotto asks if XRP is going to become the Betamax of the crypto era on the back of the Swift news.
TLDR: SWIFT is developing a blockchain-based ledger (with ConsenSys and 30+ banks) to enable real-time, 24/7 cross-border payments. It will integrate smart contracts and compliance logic, acting as a bridge between fiat rails and tokenized finance.
Listen to the show for my XRP HOT TAKE…
Now let’s hit the headlines.
Bitcoin & Cryptos Rally on U.S. Shutdown Fears
Bitcoin broke above $117,000, up ~2%, while Ethereum, Solana, and XRP also posted gains.
The rally is being driven by uncertainty around a U.S. government shutdown, with investors shifting toward crypto as a hedge vs. dollars.
Altcoins saw outsized strength, reinforcing talk of an emerging “altcoin season” as capital flows broaden beyond just BTC/ETH.
World Liberty Financial to Launch Crypto Debit Card
During TOKEN2049, WLFI announced plans to roll out a crypto debit card bridging digital assets and everyday spending — pilot expected soon, full launch late 2025 or early 2026.
The company is also exploring tokenization of real assets such as real estate, oil, timber, and more to trade on-chain.
WLFI is developing a stablecoin called USD1, backed by U.S. Treasuries and cash, further decoupling from traditional banking rails.
Kazakhstan Launches First Crypto Fund
Central Asia’s first state-backed crypto fund was inaugurated in Kazakhstan, aiming to position the country as a regional hub for digital assets.
The fund is designed to attract global investment, support local blockchain infrastructure, and integrate crypto into broader financial systems. T
India Cracks Down on Offshore Exchanges
India’s financial regulators issued notices to 25 offshore crypto exchanges (including CEX.IO, BingX, Huione), citing violations of anti-money laundering (AML) rules. The move reinforces India’s tightening stance on unregulated platforms and signals greater enforcement in the crypto space.
SEC Commissioner Signals Openness to Tokenization
SEC Commissioner Hester Peirce stated that the SEC is willing to work with firms looking to tokenize assets, urging engagement and dialogue.
Her comments were made at the Digital Assets Summit in Singapore, reinforcing the narrative that regulation and innovation can align.
Private jobs report says we are down 32k jobs, gov’t is shutdown… Are things really looking up? Hegeseth just said prepare for War. This don’t seem like stable times to me.
LITTLE BITS
VisionSys AI Announces $2B Treasury Push Into Solana via DeFi
VisionSys AI launches with a plan to deploy $2B into Solana’s DeFi and RWA stack. Adds to the competitive intensity in Solana’s capital allocation race.
Ex-Apple & Nike Exec Joins TON as CMO
Gerardo Carucci joins the TON Foundation to lead global brand, growth, and community strategy - signaling a premium marketing era for Telegram’s blockchain.
Singapore Steals Spotlight with TOKEN2049
The world’s biggest crypto event kicks off with a record crowd, as founders and funds converge on Asia’s booming digital asset hub.
Meme Coin Launchpads Lose Steam
Bonding-curve volumes dip below $1B for the first time this year, suggesting speculators are cooling after summer’s meme mania.
The private jobs report just came in softer than expected and the labor market may be cooling faster than we all hoped.
If that’s the start of a broader slowdown, Fall could be rough: waning risk appetite, tighter capital flows, and a re-test of crypto’s strength. We need retail. Are there are good retail plays in the Fall? Monad? MetaMask? What’s coming?
But hey, the volatility is where opportunity lives. Stay nimble, stay curious.
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Quile
Email: kyle@dailycryptonews.net
X: @CryptoQuile
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