# BSCN Debrief: Coinbase Clears the CFTC Finish Line *Coinbase locks down its full derivatives stack, HSBC names its Hong Kong stablecoin RedCoin, and Quant vaults 262% on clearing house news. Here's what mattered.* By [The BSCN Debrief](https://paragraph.com/@bscnalpha), 2026-09-30 crypto news, bitcoin, coinbase, derivatives, newsletter --- [![](https://storage.googleapis.com/papyrus_images/31d6b9b5153f6846eba3679e581dc0d74034f5bbdaff70cd5f18c8194cf88273.png)](https://bscnhive.com/YS5WFAi) ⚡ **Swap across chains, no middlemen.** [THORChain](https://bscnhive.com/YS5WFAi) lets you swap natively between Bitcoin, Ethereum, Solana, XRP, BNB Chain, Avalanche and more, straight from your own wallet. No wrapped tokens, no bridges, no KYC. [Swap now](https://bscnhive.com/YS5WFAi). [![](https://storage.googleapis.com/papyrus_images/cff0a300a78a38569bed3bc946b80b641bfdc62f3ddb6012c22c9722bdb5a248.png)](https://bscnhive.com/bscninsider) 📲 **Want fast news direct to your inbox?** Join the BSCN Insider club on Telegram for breaking stories and market moves the moment they land. **JOIN NOW:** [bscnhive.com/bscninsider](https://bscnhive.com/bscninsider) Breaking News ------------- [**Coinbase Completes Full Regulated Derivatives Stack**](https://bsc.news/news/coinbase-cftc-derivatives-clearing-approval) ![](https://storage.googleapis.com/papyrus_images/cff48440db8e0ba222f25f43ee6e57e7a10e02a0ef85d194ec43e55d006e2b3a.jpg) The Commodity Futures Trading Commission approved the registration of Coinbase Clearing LLC as a derivatives clearing organization on September 28, 2026, permitting the company to clear fully collateralized futures, options on futures, and swaps. [**HSBC Reveals RedCoin as it Expands Its Stablecoin Plans**](https://bsc.news/news/hsbc-redcoin-hong-kong-stablecoin) ![](https://storage.googleapis.com/papyrus_images/88c9b40364a1493e0cecf3086867c292af3c23e6ffa34ff35d422130d27cf930.jpg) HSBC, Hong Kong's largest bank, has officially named its forthcoming Hong Kong dollar stablecoin HSBC RedCoin, laying out an initial rollout focused on everyday retail transactions. [**Robinhood is Bringing Crypto Perps And Weekend Trading to US Users**](https://bsc.news/news/robinhood-crypto-perps-weekend-trading-us) ![](https://storage.googleapis.com/papyrus_images/fa3429353835177da5f0b855c53a0b763450ce67296ca8032831e7aa6ad17bb5.jpg) Robinhood is pushing deeper into active trading with two major announcements: perpetual futures for eligible US customers and 24/7 weekend trading for select US stocks and ETFs, unveiled at the firm's HOOD Summit in Houston on September 29. [**XRP Ledger Enters Brazil's $4T Financial Market**](https://bsc.news/news/xrp-ledger-brazil-csd-br-ripple) ![](https://storage.googleapis.com/papyrus_images/602974be80bb2e5ee59c7e88ae472ca1d1856a39a0a80621f09787c7bf2d2131.jpg) Ripple and CSD BR have announced a partnership to bring the XRP Ledger into Brazil's regulated financial market infrastructure, in what the companies describe as a first for the central securities depository industry globally. What the Markets Think ---------------------- * [**Will Bitcoin hit $100,000 in 2026?**](https://polymarket.com/event/how-high-will-bitcoin-get-this-year?via=BSCNews) 40%. The crowd gives BTC two-in-five odds of a six-figure close after recent weakness pushed it back toward $82K. * [**Bitcoin above $90,000 by year-end?**](https://polymarket.com/event/what-price-will-bitcoin-hit-in-2026?via=BSCNews) 68%. September's choppy action hasn't killed the optimism for a Q4 rally into the high $80Ks. * [**Will Bitcoin revisit $75,000 before 2027?**](https://polymarket.com/event/will-bitcoin-be-above-___-in-2026?via=BSCNews) 72%. Most traders still expect at least one more dip before the year closes. The Big Story ------------- [**Quant and Hedera lead the market while Bitcoin slips**](https://bsc.news/news/quant-hedera-lead-market-bitcoin-slips) ![](https://storage.googleapis.com/papyrus_images/93790f77d9f3119a2f6df2f54983be679d456e394eb6a25532f78c3fe9eab065.jpg) QNT surged 30% in 24 hours to $241.83 on $1.54 billion in trading volume, extending a weekly gain of 262%. The catalyst was a headline-grabbing announcement on Thursday: The Clearing House, the banking-owned infrastructure utility that moves roughly $2 trillion daily through its Real-Time Payments and wire networks, confirmed it is using Quant's Overledger technology to connect distributed ledgers across institutions. Hedera followed with a 21% 24-hour gain to $0.046, also driven by clearing house integration news. Bitcoin slipped 0.6% to $83,900 amid profit-taking pressure flagged by CryptoQuant. Top Stories ----------- [**Standard Chartered sees ENA hitting $2**](https://bsc.news/news/standard-chartered-ena-price-target-2028) ![](https://storage.googleapis.com/papyrus_images/61428b09c43303be7349ee66851d69ee02adef666e726c2c0903ffd3679ce893.jpg) Standard Chartered has initiated research coverage of Ethena, setting a $2 price target for its governance token ENA by the end of 2028. The bank's digital assets research team cited Ethena's synthetic dollar USDe, which has grown to become the third-largest stablecoin with $3.7 billion in circulation, as the foundation for its bullish thesis. [**The Netherlands Could Tax Crypto Gains Before You Sell**](https://bsc.news/news/netherlands-crypto-tax-box3-2028) ![](https://storage.googleapis.com/papyrus_images/fc5e1590e464cf6efad5896afcf809bef59be57547dac52fc87488045a7151c5.jpg) The Netherlands is considering a significant change to how it taxes crypto holdings, with a new framework potentially taking effect from January 2028. Under the proposed overhaul of the country's Box 3 system, which covers savings and investments including digital assets, investors could face a 36% tax on actual annual returns, even if they have not sold their holdings. [**US Crypto Regulation Faces a Leadership Gap**](https://bsc.news/news/sec-cftc-crypto-leadership-gap) ![](https://storage.googleapis.com/papyrus_images/20afd57c57f84f389b53f835ff58222f56b548c4ec8afee6e352a80ec6d074d0.jpg) The US Securities and Exchange Commission is losing one of its most prominent voices on digital assets. Hester Peirce, widely known in the industry as "Crypto Mom," will step down on October 2, 2026, ending a tenure of roughly eight years during which she repeatedly pushed for clearer rules for the crypto sector. Her departure leaves the SEC at minimum capacity with just three commissioners, the fewest allowed under law. Deep Dive of the Week --------------------- [**What Should You Know About Concrete's CT Token?**](https://bsc.news/post/concrete-ct-token) ![](https://storage.googleapis.com/papyrus_images/5c54f65d5e9b259218a74cb64ac5b3cba3a4cece3b6635080fb09b20323d171c.webp) CT is the governance and configuration token of Concrete, an onchain finance platform built by Blueprint Finance. Its token generation event happens today, September 30, 2026. CT has a fixed supply of 1 billion tokens and no inflation. Holders who lock CT can vote on defined protocol parameters and earn a share of revenue from Concrete's product suite, which has already onboarded more than $1.2 billion in total value locked. By the Numbers -------------- * **$1 billion in deposits**: Morpho crossed this milestone on Robinhood Chain in under three months, cementing its position as the network's leading lending protocol. * **$121.4 million in September inflows**: Spot XRP exchange-traded funds recorded this total with the month still incomplete, alongside a five-day net inflow streak. * **262% weekly gain**: QNT posted this rally after The Clearing House confirmed its use of Quant's Overledger technology to connect institutional distributed ledgers. * **$550 million frozen**: Tether confirmed it helped freeze this cumulative amount in USDT linked to Iranian financial networks in 2026, acting alongside the U.S. Treasury's Office of Foreign Assets Control. * **2.63 billion transactions**: Sei Network crossed this lifetime total since its mainnet launch in mid-2023, putting the scalability-focused EVM blockchain in rare company across the crypto industry. * **1,556 active validators**: Algorand hit this new weekly peak as of September 29, 2026, representing a 0.19 percent increase in participating nodes week over week. On Our Radar ------------ * **Arc Blockchain TVL crosses $500M**: The network reached a DeFi TVL of $537.49 million according to DefiLlama data, a rapid accumulation of capital for a mainnet that launched just two weeks ago on September 16, 2026. * **Bitwise NEAR ETF advances**: Bitwise Investment Advisers cleared two major regulatory hurdles for its proposed spot NEAR ETF on September 24, 2026, when NYSE Arca filed a 19b-4 form with the SEC and Bitwise submitted an S-1 registration statement. * **Avalanche leads tokenized stock inflows**: Avalanche attracted $131.2 million in tokenized stock inflows over the past seven days, exceeding the combined inflows recorded by every other blockchain tracked in the category. The weekly haul was led by Securitize's BUIDL, which drew $79.6 million. * **Binance Bitcoin outflows hit three-year high**: Binance saw more than 13,800 BTC leave on Sept. 22, its biggest daily net outflow since 2023. The outflow represented approximately $1.15 billion at current market prices. _Until Friday._ --- *Originally published on [The BSCN Debrief](https://paragraph.com/@bscnalpha/bscn-debrief-coinbase-clears-the-cftc-finish-line)*