The market this morning

Bitcoin and ether edge higher as inflation data leaves the Fed outlook intact, The Block reports

By Crypto Info News

Good morning. Crypto's largest assets closed higher on Friday. Bitcoin ended at $77,203.53, up 0.85% over 24 hours, with a market capitalisation of about $1.55 trillion. Ether rose 3.17% to $2,514.85 on 24-hour volume near $24.77 billion. BNB gained 2.55% to $726.51 and XRP added 1.63% to $1.36. The dollar-pegged stablecoins USDT and USDC each held close to $1.00.

The Block reported that bitcoin and ether rose as inflation data did little to alter the Fed interest-rate outlook, citing Bitget analyst Lewis Huang, who noted a divergence between headline inflation accelerating on energy and core inflation continuing to ease. Separately, Decrypt reported that bitcoin's "golden cross" flickered off as rate-hike bets firmed up, describing a shift in the near-term chart outlook.

Regulators featured heavily. The CFTC said it approved a final rule concerning whistleblower awards. The SEC published a joint readout of a principals' meeting of US and UK authorities on central-counterparty resolution, noting that senior officials from the SEC, FDIC, CFTC, Federal Reserve Board and Bank of England held a tabletop exercise on 3 September 2026. CoinDesk reported that Robinhood chief executive Vlad Tenev said in a Friday post that securities issuers should control shareholder rights but not separate products tracking their publicly traded shares, in a dispute involving AMC.

On the corporate side, Decrypt reported Robinhood's crypto trading volume jumped 61% in August. Decrypt also reported that Bitwise will close its Dogecoin ETF, with the fund set to stop trading on 14 October and cash payments to remaining shareholders expected on 22 October. Cointelegraph reported, citing Finews, that Bitcoin Suisse plans to shift up to half of its Swiss jobs abroad as it expands its global wealth and asset management business.

Elsewhere, The Block reported that former Alameda Research chief executive Caroline Ellison has joined the nonprofit charity Manifund, according to cofounder Austin Chen. CoinDesk reported that imprisoned former FTX leader Sam Bankman-Fried is seeking answers from the US Supreme Court. Decrypt reported a near-doubling of cyberattacks on law firms, with Greenberg Traurig saying documents were posted to the dark web and BakerHostetler recording a rise in incidents in 2025.

In market commentary, The Block reported that Standard Chartered initiated coverage of Sky, calling the project "DeFi's federal bank" and expecting the SKY token to rise fivefold by the end of 2028. Cointelegraph reported that Crypto Banter founder Ran Neuner said Hyperliquid's network effects give it a strong competitive moat, but that regulatory uncertainty remains its biggest threat. Decrypt reported that OpenAI asked Congress whether an AI slowdown would be legal, seeking clarity on antitrust rules.