This week’s crypto market saw a significant shakeup as Ether and Dogecoin suffered a combined $1.5 billion loss affecting 407,000 traders. Bitcoin dipped below the $112,000 mark amid heightened macro uncertainty. However, the industry witnessed positive developments, including the GENIUS Act promoting stablecoin adoption with projected cross-border payment volume reaching $2.1 trillion to $4.2 trillion by 2030. Meanwhile, Valour launched its bitcoin staking ETP on the LSE for professional investors, offering a 1.4% yield. The White House continues its search for a new CFTC chairman with crypto expertise as confirmation of Quintenz’s nomination faces delays. Solana’s Yakovenko calls for Bitcoin to adopt quantum-resistant upgrades by 2030, while some experts like Adam Back downplay the near-term threat. Finally, FTX will distribute $1.6 billion in payouts to creditors on September 30th, using recovered assets from its third bankruptcy filing to fund these payments.