Happy Thursday! Welcome to the 37th instalment of the Coinbyte Weekly Wrap.

The crypto market staged a strong recovery this week, with Bitcoin rising from a seven-day close of US$76,403.78 to US$84,149 and briefly reaching a weekly high of US$87,363.76, representing a weekly gain of approximately 10.14%. The broader market also strengthened alongside Bitcoin, with most major cryptocurrencies posting solid weekly gains. Bitcoin’s momentum was further reflected in its quarterly performance, with BTC gaining about 44% in Q3, marking its strongest quarterly performance since Q4 2024. Bitcoin also closed above its 50-week moving average for the first time in 45 weeks and is on track for its first three-month winning streak since 2012, adding to expectations of a broader recovery across the crypto market.

The stronger momentum also spread across major altcoins. Ether gained 10.11%, BNB rose 6.63%, Solana advanced 15.48%, and Cardano climbed 22.46%. Dogecoin also gained 16.46%, while TRX rose 2.37%. Trading activity remained elevated during the week, with BTC’s seven-day average daily volume reaching approximately US$35.5bn, USDT turnover at around US$84.9bn, and ETH and SOL recording approximately US$16.4bn and US$4.7bn respectively. Despite the strong weekly performance, the latest 24-hour session saw a pullback across major assets, with BTC down 2.95%, ETH down 2.72%, SOL down 3.02%, and ADA down 6.23%.

Institutional participation and regulatory developments remained important themes behind the broader market momentum. Strategy spent US$76 million to purchase 950 BTC, bringing its total holdings to 846,000 BTC, while Strive added 1,355 BTC as it accelerated toward its year-end treasury target. Bitmine also purchased 27,562 ETH, bringing it closer to its target of holding 5% of Ethereum’s supply. Meanwhile, U.S. spot Bitcoin ETFs recorded nearly US$1 billion in single-day inflows, while JPMorgan continued to assess Bitcoin’s position relative to gold. On the regulatory side, the CFTC submitted its crypto asset rulemaking to the White House for review, marking further progress toward a regulatory framework under existing agency authority after the CLARITY Act stalled in the Senate. Tom Lee also said that “the crypto bull market has begun,” adding to the positive market narrative surrounding the current recovery.

Beyond market performance and institutional activity, blockchain infrastructure and new applications continued to expand. Google Cloud and Apple are hiring digital asset and Web3 talent, highlighting continued interest from major technology companies in blockchain infrastructure, tokenization and digital payments. Stablecoins and AI also emerged as key themes, with BlackRock saying that AI agents making autonomous payments could drive the next wave of stablecoin demand. The CFTC also highlighted mass tokenization, onchain finance and 24/7 markets as areas for future development. Together, these developments point to continued expansion of the digital asset industry across regulation, institutional adoption, stablecoins, tokenization, blockchain infrastructure and the growing connection between blockchain and AI.

Overall, this week’s market action showed a broad-based recovery, with Bitcoin gaining more than 10% over seven days and several major altcoins posting even stronger gains. The combination of strong quarterly momentum, continued institutional accumulation, nearly US$1 billion in single-day spot Bitcoin ETF inflows, regulatory progress and expanding blockchain infrastructure provided a backdrop for the week’s stronger market performance. At the same time, developments across stablecoins, tokenization and AI showed that the crypto market’s growth continues to extend beyond price performance into broader financial and technological applications.

Performance

Newsflow

Market | Bitcoin Gains 44% in Q3

Bitcoin has gained about 44% in the third quarter, its strongest quarterly performance since Q4 2024, while closing above its 50-week moving average for the first time in 45 weeks. With September up about 10.9%, Bitcoin is also on track for its first three-month winning streak since 2012, fueling expectations of a broader crypto bull market. link link link

Regulation | CFTC Submits Crypto Rules for Review

The CFTC has submitted its crypto asset rulemaking, “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets” to the White House for review. The move comes after the CLARITY Act failed to advance in the Senate, with the agency moving ahead under its existing authority to develop a regulatory framework for crypto markets. link

More News

Adoption | Google Cloud is hiring a Web3 architect in Hong Kong to support tokenized real-world assets and blockchain infrastructure across Asia-Pacific, while Apple is seeking a financial product strategy lead for Apple Pay, Apple Card and Apple Cash with digital-asset expertise. The roles highlight growing interest in stablecoins, tokenized deposits and blockchain-based payments among major technology companies. link

Tokenization | CFTC Chairman Michael Selig said U.S. markets need to prepare for mass tokenization, onchain finance and 24/7 trading, with blockchain technology potentially supporting tokenized assets across markets. The CFTC is also exploring broader stablecoin use and assessing which markets could support round-the-clock trading. link

Institution | U.S. spot Bitcoin ETFs recorded US$998.95 million in net inflows on Monday, their largest single-day inflow since October 2025. BlackRock’s IBIT led with US$381.4 million, followed by ARKB with US$289.1 million and Fidelity’s FBTC with US$238.8 million, as Bitcoin briefly rose above US$87,000. link

Stablecoin | BlackRock said AI agents making autonomous payments could drive the next wave of stablecoin demand, as stablecoins can enable machines to pay for data, computing and digital services without human authorization. The firm also sees tokenized computing capacity as a potential longer-term use case for digital assets. link

Institution | JPMorgan analysts said Bitcoin could gain more support relative to gold if ETF hedging declines. Gold ETFs have recovered all their 2026 outflows, while Bitcoin ETFs have recovered about half, with short interest in BlackRock’s IBIT remaining near its yearly high. link

Regulation | The CFTC issued a no-action position allowing certain software developers to avoid introducing broker registration if they meet specific disclosure and policy requirements. The move expands earlier relief for Phantom and comes as the SEC and CFTC advance crypto rules under their existing authorities following the Senate’s failed Clarity Act vote. link

Disclaimer: This newsletter and its contents are for informational purposes only and do not constitute financial, investment, or trading advice from BYTEATLAS PTY LTD, trading as CoinByte AU (“CoinByte”). CoinByte is not a licensed financial adviser. Readers should not make any investment decisions based on this newsletter without independent research and advice from a qualified professional. The information may be incomplete or inaccurate, and CoinByte makes no representations about its accuracy. Opinions expressed in quoted material are those of the original authors and do not necessarily reflect CoinByte’s views. Cryptocurrency is highly volatile and risky. Use of this information is at your own risk, and CoinByte is not liable for any losses arising from its use.