Market report for traders
🔮 BTC, ETH, and Altcoins
Over the last 7 days, Bitcoin ends at AU$185,781 moving +7.10% at the time of writing. Meanwhile, Ethereum ends at AU$6,764 moving +8.15% week-on-week. On the Altcoin side, Solana +6.58%, Dogecoin +7.43%, and XRP +1.48% change.
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🗞 What’s happening in the news?
⚽ FIFA’s NFT Ticket Experiment Draws Swiss Scrutiny
Switzerland’s gambling regulator Gespa is assessing whether FIFA’s “Right-to-Buy” tokens comply with local gambling laws. The NFTs, available through FIFA’s blockchain marketplace, give holders the right to buy tickets at face value for specific World Cup matches if certain conditions are met. Prices range from AU$450 (USD$299) to AU$1,515 (USD$999) depending on the team’s odds, with favourites like Argentina and Brazil among the most expensive. No wrongdoing has been alleged, and FIFA says the tokens were designed to manage overwhelming ticket demand ahead of the 2026 World Cup in the US, Canada, and Mexico.
⚡ Solana’s “Alpenglow” Upgrade Promises Lightning-Fast Blockchain
In its “Crypto Monthly Recap for September 2025” research report published on 3 October, global asset manager VanEck described Solana’s upcoming Alpenglow upgrade as “the largest upgrade to Solana’s consensus in its history.” The report highlights that the overhaul will reduce transaction finality from 12 seconds to 150 milliseconds, bringing web-level responsiveness to trades and payments. Validator costs will drop through a simplified ticket-based system, while developers plan to increase block capacity by 25 percent and reduce background “gossip” traffic to improve stability. The upgrade will also add Firedancer, a second validator client built by Jump Crypto, enhancing redundancy and resilience. Together, these improvements aim to make Solana faster, cheaper to operate, and more reliable for large-scale DeFi, gaming, and tokenised asset applications.
💰 A7A5 Becomes the World’s Largest Non-USD Stablecoin
The ruble-pegged A7A5 stablecoin has become the world’s largest non-US-dollar stablecoin after its market capitalisation jumped 250% in one day to about AU$757 million (USD$500 million). Issued in Kyrgyzstan and pegged 1:1 to the Russian ruble, A7A5 now accounts for roughly 43% of the AU$1.82 billion (USD$1.2 billion) total market cap of non-USD stablecoins. Despite facing sanctions from both the United States and the United Kingdom, the project’s market cap rose sharply on 25 September, gaining about AU$530 million (USD$350 million) in a single day. The surge came just before A7A5’s appearance at Token2049 in Singapore, where its presence drew scrutiny over sanctions compliance. The US Treasury sanctioned related entities in August, linking A7A5’s issuer to the Russian bank Promsvyazbank (PSB), while the UK government imposed restrictions on several banks in Kyrgyzstan, alleged to have facilitated A7A5’s operations. Despite the scrutiny, the project declared on its Telegram channel that it had “proven that a national digital currency can be not only an alternative to the dollar but also a driver of global change.”
📖 What we’ve been reading
Grayscale Adds Staking to Ethereum and Solana Investment Products in U.S. First
The update applies to Grayscale's Ethereum Trust ETF, Ethereum Mini Trust ETF, and Solana Trust, which have a combined $8.25 billion in assets under management.
All currencies will be stablecoins by 2030: Tether co-founder
Tether’s co-founder Reeve Collins said all forms of money, including dollars and euros, will probably be represented on the blockchain within the next five years.
Swedish Lawmakers Propose National Bitcoin Reserve
The motion submitted by two Sweden Democrats seeks to bring the country in line with moves for Bitcoin reserves in places like the U.S.
*Disclaimer: The information provided is for educational purposes and does not constitute financial product advice. You should obtain independent advice from an Australian financial services licensee before making any financial decisions.*
