Mexican Peso rebounds, but carry trade exodus still bites

The Mexican Peso recovers some ground versus the US Dollar, gaining 0.5%, but it remains poised to end the week with a 3% loss as investors exit the “carry trade” amid a narrowing of the interest rate differential between the US and Mexico to its lowest level since 2015.

United States CFTC Oil NC Net Positions: 109.5K vs previous 141.1K

United States CFTC Gold NC Net Positions dipped from previous $225.9K to $218.6K

Japan CFTC JPY NC Net Positions dipped from previous ¥72K to ¥55.4K

United States CFTC S&P 500 NC Net Positions fell from previous $-133.2K to $-142.5K

UK FCA opens crypto authorization window ahead of 2027 regime

The FCA began accepting crypto authorization applications on 30 September. Firms must apply by 28 February 2027 ahead of the regime taking effect on 25 October 2027.

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Citi and Coinbase automate stablecoin-to-fiat conversion for US institutions

Citigroup and Coinbase have announced automated stablecoin-to-fiat conversion for US institutional clients, letting Citi business clients accept stablecoins without holding crypto.

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Bitcoin holds near $83,000 as Zcash tumbles 12%; traders eye PCE and payrolls

Bitcoin held above $83,000 on 29 September while Zcash fell 12% and the 10-year Treasury yield stayed at its highest since 2007, with PCE inflation data and the jobs report next.

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CFTC updates crypto FAQs, allowing tokenised customer funds and blockchain recordkeeping

The CFTC's staff divisions say customer funds may be invested in tokenised assets with equivalent rights, and staff will not object to onchain recordkeeping.

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Bitget restarts Bitcoin withdrawals four days after $388M hack

Bitget restarts Bitcoin withdrawals in phases after a $388M exploit; XRP stays frozen as stolen tokens move, with the remaining services due by 2 October.

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