📉 Friday fade erases the week’s gains Crypto markets ended the week on a sour note, giving up gains that came after Jerome Powell’s dovish Fed comments earlier in the week. Bitcoin slid from $118K, while ETH and majors like SOL and DOGE saw sharper pullbacks. The selloff doesn’t erase the broader trend of higher lows for BTC, but it does show traders are quick to take profits at resistance. (CoinDesk)

🧭 BTC next steps after Powell, cautiously bullish mood After Powell’s speech hinted at a softer stance, analysts are tilting toward a cautiously bullish setup for Bitcoin into year-end. BTC is holding around $115K, consolidating gains while traders weigh how many more rate cuts the Fed may deliver in 2025. For investors, the message is that macro conditions are dictating flows as much as on-chain catalysts. (Decrypt)

🏛️ SEC greenlights “generic listing standards” The SEC approved new listing standards that let certain crypto ETFs go live without each fund slogging through a full bespoke 19b-4 approval. Exchanges can now list ETFs if the underlying asset has at least six months of regulated futures history, opening the door for single-asset and thematic funds well beyond Bitcoin and Ethereum. This is a structural unlock that could finally bring the “ETF wave” narrative into reality instead of Twitter hopium. (Investopedia)

🪙 Coinbase rolls out on-app USDC lending via Morpho on Base Coinbase is taking another stab at blending CeFi convenience with DeFi yield by letting eligible users lend USDC directly inside the Coinbase app. The product taps into Morpho’s lending markets on Base, offering advertised yields up to ~10.8% while abstracting away the usual DeFi wallet headaches. It’s a slicker version of “DeFi under the hood,” signaling Coinbase’s push to own the retail yield narrative before competitors like Robinhood or PayPal get there first. (Blockworks)

📈 XRP logs the biggest ETF debut of 2025, DOGE close behind The newly launched XRP ETF from Rex-Osprey saw ~$38 million in day-one inflows, making it the largest debut for a crypto ETF this year. Hot on its heels, a Dogecoin ETF also logged surprisingly strong demand, proving retail enthusiasm for “non-BTC/ETH” exposure hasn’t gone anywhere. For investors, this is a key sign the ETF market won’t just be dominated by Bitcoin and Ethereum, but also by tokens with high brand recognition and liquidity. (Decrypt)

💼 FTX to repay $1.6B starting Sept. 30 FTX’s bankruptcy estate will begin repaying creditors at the end of September, distributing $1.6 billion across different recovery classes. Funds will be distributed through BitGo, Kraken, and Payoneer, giving claimants much-needed clarity on timelines after nearly three years in limbo. While recovery percentages vary depending on claim type, it’s a rare moment of closure in a saga that’s been nothing but chaos since 2022. (CoinDesk)

💵 PayPal’s PYUSD tops $1.3B PayPal’s stablecoin PYUSD has crossed $1.3 billion in circulation, helped by a LayerZero integration that extended it to nine additional networks, including Tron and Avalanche. This expansion cements PYUSD as more than just a “PayPal app stablecoin”, and now positions it as a serious player in the multichain payments space. The next test will be whether PYUSD sees meaningful real-world merchant adoption beyond the crypto-native crowd. (Decrypt)