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The Crypto Minute
Your Weekly Guide to Surviving the Crypto Rollercoaster.
Jiří Makovský & CoinBrain
September 29, 2025 • Reading Time: 10 minutes
Have you seen the latest South Park episode? Once again, Matt and Trey made fun of the blockchain industry, with a sprinkle of critique of regulatory agencies. 🎬
Let’s dive into what else moved the markets this week! From XPL booming 🚀, traders liquidating $1.5B 💥, to exponential stablecoin prediction, The Crypto Minute has it all. 🗞️
⤵️ Today’s Agenda:
South Park roasted Polymarket and gave prediction markets a mainstream moment.
Plasma’s XPL launch started with $2B liquidity and has traders watching closely.
The UK and US teamed up on a joint task force to shape crypto regulation.
$1.5B in leveraged positions got wiped out as the market flipped late in the week.
Citi raised its stablecoin forecast to $4T by 2030, calling them the rails of future finance.
And more…
📊 Market Snapshot
| $110,248BTC−4.55% | $4,041.84ETH−9.90% | $3.89TCrypto Market Cap−6.02% | 37 (Fear)Fear & Greed Index−12 from last week |
📅 Crypto Events You Don’t Want to Miss
📌 Tuesday, Sep 30th:
US JOLTS Job Openings: Key gauge of labor demand, showing how many positions employers are looking to fill.
📌 Wednesday, Oct 1st:
US ISM Manufacturing PMI: A Measure of factory output and business conditions, closely watched for signs of economic momentum.
📌 Friday, Oct 3rd:
US Average Hourly Earnings m/m: Tracks wage growth, an important signal for inflation trends.
US Non-Farm Employment Change: Monthly snapshot of job creation across most industries, excluding farming.
US Unemployment Rate: Headline measure of the overall health of the labor market. Probably the most important this week.
US ISM Services PMI: Gauge of service-sector activity, reflecting demand and business outlook.
🐋Smart Money Tracker
Monday, Sep 22nd: MrBeast scooped up 538,384 $ASTER ($990K) after dropping 1M $USDT across two wallets. His average buy-in was about $1.87.
Tuesday, Sep 23rd: Whales are loading up on $AVAX. 0xb2ca’s 5x long worth $17.2M is already up $920K, while another fresh 10x long added $2.2M more exposure.
Wednesday, Sep 24th: $ASTER is still going wild. A fresh wallet picked up 6.72M $ASTER ($13.97M) straight out of Bybit today.
Thursday, Sep 25th: Tether fired up the printers again with a fresh 1B $USDT mint.
Friday, Sep 26th: Whales keep accumulating $ETH. 15 wallets scooped up 406,117 $ETH ($1.6B) coming from Kraken, Galaxy Digital, BitGo, and FalconX.
Saturday, Sep 27th: A mysterious whale set up a fresh wallet with 71.5M $USDC ready for $XPL. So far 30M $USDC has been moved into Hyperliquid to grab 12.91M $XPL ($17.4M).
Source: Lookonchain
📰 News Recap (Sep 22 to 28)
South Park bets on Polymarket 🎭
Last week, we mentioned that betting app Polymarket is back in the US. 👉 This week, South Park gave Polymarket the full spotlight.
The latest episode turned prediction markets into comedy gold, showing how people will bet on literally anything. 🎬
It also made fun of the conflict of interest with Donald Trump Jr. becoming its Strategic Advisor.
For Polymarket, it’s free publicity and a push straight into the mainstream. More eyes are on prediction markets than ever before. 🚀
Plasma launches XPL with $2B liquidity 🚀
Plasma kicked off its TGE and dropped its native token XPL. The project started with over $2 billion in stablecoin liquidity on day one. 📈
The launch marks a big milestone for Plasma as it moves from concept to tradable asset. Early investors finally got their tokens.
🔎 Market attention is now on XPL liquidity and how the community will adopt it. This debut sets the stage for the project’s next growth phase.
Plasma is a new Layer-1 blockchain focused on stablecoins and high liquidity. 💸
UK and US launch joint task force on crypto regulation ⚖️
According to Reuters, the UK and the US announced a new initiative called “markets of the future.”
The task force aims to ease capital markets access and coordinate crypto rules between the two countries. 📑
Officials say the partnership will help foster innovation while keeping investor protections in place. 👇
This move signals growing cooperation on digital assets at the highest policy level.
Crypto markets hit by $1.5B liquidations 💥
Around $1.5 billion in leveraged positions were wiped out as selling pressure spiked. 📉
Bitcoin, Ethereum, and XRP all dropped as traders rushed to cover losses. This was the result of fading rate-cut optimism.
The sudden swing marked one of the largest liquidation events of the month, shaking confidence among short-term traders. 📊
🌍 Story of the Week: Citi Sees $4T Stablecoin Market by 2030
Citi analysts have raised their stablecoin forecast. The base case now sits at $1.9 trillion, while the bull case reaches $4 trillion by 2030. 📈
Recent strong growth in 2025 pushed them to upgrade the numbers.
Stablecoin market cap already passed $287 billion in September. Settlement volume has topped $18 trillion per year, surpassing Visa and Mastercard. 💳
Source: Delphi Digital
That alone shows how fast stablecoins are becoming a backbone of global payments. ✈️
Can Stablecoins Kill Banks? 🤔
Citi says stablecoins will not kill banks. Instead, they will help modernize finance alongside tokenized deposits. 🏦
👉 "We do not believe crypto will burn down the system. Rather, it is helping us reimagine it," analysts wrote.
The GENIUS Act in the US gave the sector a clear framework for stablecoin adoption to grow. 🌍
Even China reversed its stance. In August, officials began considering yuan-backed stablecoins for cross-border use. AnchorX launched the first offshore yuan stablecoin a few weeks ago.
To sum it up, stablecoins are shaping up to be the rails of the future financial system. 🚂
Even as emerging currencies gain attention, they still lag behind USD. Source: Delphi Digital
🔒 Major Token Unlocks of the Week
$REZ - 4.24% of the total supply will enter circulation on Sep 29, 2025.
$OGN - 2.04% of the total supply will enter circulation on Oct 1, 2025.
$MAV - 2.77% of the total supply will enter circulation on Oct 1, 2025.
$AI - 1.77% of the total supply will enter circulation on Oct 4, 2025.
$CUDIS - 1.22% of the total supply will enter circulation on Oct 5, 2025.
Explore more unlocks with full vesting details.
💡 1 Minute Learning: Hedging Impermanent Loss with Options
Impermanent loss (IL) is the nightmare of every liquidity provider. 😬 You earn trading fees, but when token prices diverge, your LP position is worth less than just holding the assets. 📉
A growing strategy is to hedge this risk with options. 🛡️ Traders can open positions on venues like Deribit to offset potential IL. For example:
If you provide ETH/USDC liquidity, buying ETH puts protects against ETH dropping. 🐻
If you fear ETH will pump, calls can balance the upside you miss in the pool. 🚀
This turns liquidity providing into a more predictable yield strategy. Instead of blindly accepting IL, you actively manage risk with options. 💡
🔍 Keep an eye on how pros mix options with LP positions. It’s becoming a real edge in DeFi.
🗞️ From our Blog
And that’s a wrap! 🎉 Enjoyed this newsletter? Forward it to a friend, and let them know they can subscribe here.
Got any ideas or feedback? We’d love to hear from you! Drop us an email at [email protected].
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and not investment advice or a solicitation to buy or sell any assets or make financial decisions. Always do your own research and stay safe out there.