Crypto Daily Market Report

Oil rebounds and Treasury yields hit a nearly 19-year high; BTC trades around $83K after a pullback

🔍Core Insights

Overnight, shifting signals from U.S.–Iran talks kept Brent crude above $105. Investors worried that higher energy prices would add to inflation and prompt further Fed rate hikes. The 10-year U.S. Treasury yield briefly reached about 5.27%, its highest level since June 2007, weighing on stocks and crypto. ETFs tracking the S&P 500, Nasdaq and Dow fell about 0.75%, 1.07% and 0.66%, respectively; Coinbase lost 1.74% and Strategy fell 0.91%. BTC extended its pullback from last week’s move above $87K, sliding from around $84K over the weekend to as low as $82.6K before recovering to roughly $83.5K in the morning. ETH traded near $2,690. The $82K–$83K range remains the main support area for this pullback. Holding that range and reclaiming $85K would help restore upward momentum; a break below $82K could deepen the correction.
BTC: $83,502.8 (-1.14%); ETH: $2,688.50 (-0.00%); NASDAQ: 26,820.38 (-0.92%); S&P 500: 7,683.69 (-0.77%); Fear & Greed Index: 73 (previously 74). Data as of September 29, 2026, 00:00 UTC.

Latest developments in exchange security incidents: In the Bitget theft, THORChain drew criticism for declining to block funds linked to the attacker. Another cross-chain protocol, NEAR Intents, said it had identified more than $50 million in suspicious transfer attempts, but confirmed that only $503,000 had been frozen so far. How much of the stolen funds can ultimately be recovered remains unclear. Separately, an MEXC user said an attacker reset the account’s security settings and left an API key in place. When the withdrawal restriction expired, the attacker used it to withdraw about $340,000. Both MEXC and the user said the matter had been resolved. The two incidents differ in cause and scale, but expose the same challenge: once suspicious activity is detected, can the path for moving funds be shut down in time?
The restaking “gold rush” is fading as returns shrink: Ether.fi previously sent users’ deposited ETH into EigenLayer automatically to earn an additional return on top of ordinary staking. It has since removed restaking from weETH, and less than 1% of its assets remain restaked. As of early September, the restaking sector still held about $10 billion in assets but generated only around $100,000 in fees over a week. A great deal of capital is committed, while demand for the added security service remains limited. With the extra returns no longer making up for the added risk, ether.fi is shifting its focus toward payment cards and lending.

LINK: Chainlink launched an updated cross-chain system that lets institutions set their own security and compliance checks. The product rollout drew market attention; trading volume more than doubled and LINK rose about 10% on the day.
MARSCOIN: An exchange campaign announced a SpaceX (SPCXB) airdrop for MARSCOIN holders who meet the holding threshold. It will also allocate 30% of MARSCOIN spot trading fees to additional rewards. Trading volume rose roughly fourfold and the token gained more than 30% on the day.
HBAR: Hedera’s identity verification product recently became available in the IBM Cloud catalog, expanding its reach among enterprise users. Trading volume increased more than tenfold and HBAR rose about 24% on the day.

Macroeconomy

Middle East: Qatar continues to mediate over a revised version of Iran’s earlier seven-day proposal. Iranian Foreign Minister Abbas Araghchi met with mediators in New York, but U.S. representatives did not attend.
The 10-year U.S. Treasury yield rose to 5.234%, its highest level since mid-2007. The 30-year yield climbed to 5.542%, its highest level since 2004.

Industry Developments

The chair of the European Securities and Markets Authority said MiCA’s focus will shift from writing rules to supervising their implementation.
The SEC updated its token buyback FAQ: buyback arrangements without a centralized actor may not constitute an investment contract.
California’s governor signed a law prohibiting public officials from issuing meme tokens.
Argentina’s central bank approved Revolut’s acquisition of Banco Cetelem, paving the way for a local banking license.
Polymarket plans to open testing of its new central limit order book to market makers in November and conduct two full migration rehearsals.

This Week Ahead

September 29: HYPE unlock equal to 4.46% of circulating supply, worth approximately $904 million.
September 30: Final U.S. second-quarter annualized real GDP growth reading; August core PCE; September ADP employment change; KMNO unlock equal to 2.81% of circulating supply, worth approximately $10.8 million.
October 1: September U.S. ISM Manufacturing PMI; initial jobless claims for the week ending September 26; Micron earnings; EIGEN unlock equal to 5.19% of circulating supply, worth approximately $10.3 million.
October 2: September U.S. nonfarm payrolls and unemployment rate; 2Z unlock equal to 47.69% of circulating supply, worth approximately $114 million; ENA unlock equal to 1.1% of circulating supply, worth approximately $28.50 million.

Crypto Daily Market Report – September 29, 2026