Bitcoin, crypto stocks rally on dovish Fed comments
Revolut just won conditional approval to become a US national bank.
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A softer dollar and softer hike odds were enough to wake the tape.
Risk assets firmed after Fed's Waller left the door open to holding rates.
On the institutional side, StanChart expanded crypto trading into the Middle East while Revolut inched closer to full US banking status.
And over at Hyperliquid, a new upgrade is underway.
Big banks, bigger bets and a protocol quietly leveling up. Here's your daily recap.
Standard Chartered launches spot crypto trading for UAE institutions
Standard Chartered is now the first globally systemic bank to offer spot Bitcoin and Ether trading in the Gulf.
The service targets institutional clients in the UAE, where regulators have been actively courting crypto firms.
When a bank that manages $800B in assets starts dealing crypto like FX, the asset class just graduated.
Markets
Dovish Fed signals send Bitcoin surging as rate hike bets collapse
Fed Governor Waller said tariffs haven't sparked the inflation he feared, cooling September hike expectations.
CME FedWatch odds for a hike dropped to 48% from nearly 70% in a single day.
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The dollar slid below 99 on the DXY, lifting crypto and equities alike.
BTC climbed past $81K, ETH traded near $2,500, SOL held above $104, and XRP sat near $1.46.
Revolut clears key hurdle toward becoming a US national bank
The OCC just gave Revolut conditional approval to charter a US national bank.
It still needs sign-off from the FDIC and the Fed, with a target launch in 2027.
A crypto-native fintech with a full US banking license would blur the line between challenger and incumbent for good.
Hyperliquid introduces permissioned market layer with HIP-3*
Hyperliquid's new HIP-3* framework lets deployers gate market access through onchain allowlists.
Think of it as a velvet rope for DeFi: open infrastructure, but with controlled entry where compliance demands it.
For institutions eyeing decentralized trading, this is the kind of guardrail that turns curiosity into capital.
On Our Radar
The plot twist nobody asked for: crypto's quietly reshaping how we pay for entertainment online.*
Crypto goes mainstream: UK's biggest investment platform now lets retail traders buy Bitcoin and Ether ETNs.
Crypto's referee fumbles: CFTC moves to kill CME's lawsuit against Kalshi's Bitcoin derivatives.
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That’s a wrap.
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