In this episode of the Coin Street headlines, we dive into the latest developments in the cryptocurrency world. Join us as we discuss October is crypto ETF month barring federal government shutdown. Stablecoins lead crypto inflows in last 90 days. Government shutdown could delay digital asset legislation and Moonpay & Robinhood partner with NYC schools to promote education. Jane King with the latest from the NYSE.
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Thanks, Rey.
Here's a look at your coin Street headlines.
October is ETF month as 16 crypto funds await final decision.
Novadia's wealth management president Nate Grachi said it will be an enormous next few weeks for spot crypto ETFs as the SEC is due to decide on 16 applications.
However, a government shutdown could delay that action.
Stablecoins recorded more than $46 billion in net inflow.
In the last 90 days highlighting rising demand for US dollar pegged assets in the crypto space.
Data tracker RWA XYZ showed that Tether's USDT stablecoin led the quarter with $19.6 billion in net inflows, followed by Circles USDC with $12.3 billion.
Athena's synthetic stablecoin Athena USDE also stood out with $9 billion.
Well, unless Republicans Democrats sign off on a bipartisan funding bill.
The US government will shut down at midnight, likely delaying any consideration of a digital asset market structure bill in the Senate.
A shutdown would effectively stop US lawmakers from considering or voting on any bills moving through Congress.
This would mean that consideration of the digital asset market structure bill in the Senate Banking Committee, which has already been pushed from the end of September to October, could see additional delays, and the The Industry is working to improve education and help young people learn about the technology of cryptocurrency.
Robin Hood and Moon Pay are part of New York CARES, the city's largest volunteer network, and it announced the launch of Crypto for Good, a groundbreaking partnership between leading crypto firms and financial players to support the city's most underserved schools through the Stand with Students initiative, and that is the latest coin Street headlines.
