Crypto Market UpdateTable of ContentsRegulatory and Government ActionsSEC Delays ARK 21Shares' Bitcoin ETF DecisionHong Kong Police Crack Down on JPEX FraudSEC Faces Congressional Scrutiny Over FTX CEOCrypto Exchanges and PlatformsBinance Sells Russian Operations to CommEXHashkey Opens AVAX Trading for Professional InvestorsBlockchain and Network DevelopmentsChainlink Expands to Ethereum Layer-2 Network BaseCurve Founder Settles Debt with AaveMonad Labs Unveils High-Performance BlockchainMarket Trends and AnalysisBitcoin's Resilience Amid Dollar StrengthEther's Struggle and Potential ETF ImpactShiba Inu's BONE Token Experiences Price SurgeFunding and Financial MovesUniswap Foundation Seeks Funding for Ecosystem GrowthMixin Network Offers Bug Bounty to HackerBanking and Public SentimentChase Bank UK's Controversial Crypto StanceNFT NewsNFT Market Trends and Transformative PotentialSEC Delays ARK 21Shares' Bitcoin ETF DecisionThe SEC has pushed the decision deadline for ARK 21Shares' spot Bitcoin ETF to January 10th, following a similar delay for GlobalX. Bloomberg Analyst James Seyffart questioned whether this decision would prevent the launch of any Spot Bitcoin ETF this year and expressed doubt about the likelihood of approval. Potential reasons for the early delay include an impending government shutdown and a letter from Congress urging the SEC to approve pending Spot Bitcoin ETFs. Despite bipartisan lawmakers urging SEC Chair Gary Gensler for approval, citing investor protection, no spot BTC ETFs have been greenlit. Concerns also raised about Chinese-linked broker-dealers in the U.S.Hong Kong Police Crack Down on JPEX FraudHong Kong police have made 12 arrests in the JPEX crypto exchange fraud case, seizing assets worth $11 million. Over 2,300 victims have reported losses of $175 million, and measures are being taken to prevent future fraud. SEC Faces Congressional Scrutiny Over FTX CEOUS House Financial Services Committee Chair Patrick McHenry threatens to subpoena the Securities and Exchange Commission (SEC) over documents related to former FTX CEO Sam Bankman-Fried. McHenry accuses SEC Chair Gary Gensler of hindering the digital asset ecosystem and being nontransparent with Congress. The committee has requested documents regarding the timing of Bankman-Fried's arrest but has not received satisfactory responses. Binance Sells Russian Operations to CommEXBinance has sold its Russian business to crypto platform CommEX. CommEX, launched just 24 hours prior, will take over user registrations and assets over the next year. The sale was prompted by compliance concerns and investigations into Binance's operations in Russia. The Wall Street Journal published an article claiming that Binance, the world's largest cryptocurrency exchange, was "beginning to collapse" based on an unnamed source. Binance CEO Changpeng Zhao responded by sharing an article in which the founder of a bankrupt exchange, accused of fraud, was hailed as a hero by the WSJ. Zhao dismissed the allegations and criticized the source. This came as Binance's market share among platforms that do not support USD trading dropped from 75% at the beginning of the year to under 51% in September.Hashkey Opens AVAX Trading for Professional InvestorsHong Kong crypto exchange Hashkey opens AVAX trading, but only professional investors with a portfolio exceeding $1 million can participate. The exchange has a small trading volume compared to its global peers. Regulated retail crypto trading in Hong Kong began in August, but incidents of fraud have occurred. The SFC is now publishing a warning list of non-compliant exchanges. Chainlink Expands to Ethereum Layer-2 Network BaseBlockchain oracle platform Chainlink has extended its cross-chain capabilities to Ethereum layer-2 network Base, enabling the development of cross-chain applications. Chainlink also serves as the primary oracle for the Base network, with several projects already integrating the Cross-Chain Interoperability Protocol (CCIP) on Base.Curve Founder Settles Debt with AaveCurve founder Michael Egorov settled $35M debt on Aave by depositing 68M CRV tokens and converting 10.77M crvUSD to USDT. He now has $132M collateral and $42M debt across four DeFi lenders. CRV token price has increased by 3.48% in the past 24 hours, shaking up crypto coin prices. Monad Labs Unveils High-Performance BlockchainMonad Labs has released technical documents revealing that the token for its upcoming proof-of-stake blockchain will be called mon. The documentation highlights the high throughput of the blockchain, offering up to 10,000 transactions per second with a one-second block time. Monad also uses a pipelined architecture, allowing for immediate finality within each block. The blockchain is Ethereum Virtual Machine-compatible and aims to optimize Ethereum's performance.Bitcoin's Resilience Amid Dollar StrengthThe crypto price of Bitcoin has been back to $26,200 after rising to $26,750 despite the US dollar index reaching a 10-month high of 106.48, which usually has a bearish impact on cryptocurrencies. The short-lived rise was driven by spot market buyers and a short squeeze, causing bears to cover their bets and pushing prices higher. Bitcoin's implied volatility has consistently been higher than that of Ethereum for 20 straight days, signaling that traders see higher volatility in Bitcoin relative to Ethereum. This is reflective of macroeconomic uncertainties and a focus on Bitcoin as a macro asset influenced by factors such as Fed policy and traditional markets. Meanwhile, Ethereum has fallen out of favor due to revenue concerns and inflationary tokenomics, but could see renewed interest later this year with an upcoming upgrade.Ether's Struggle and Potential ETF ImpactEther, as well as the Ethereum market cap, is currently trading near its yearly lows against Bitcoin, continuing a declining trend that began in September 2022. However, the potential approval of futures-based ETFs for Ether in October could reverse this trend. CME derivative traders have a bearish outlook on Ether, and the recent interest rate decisions had little impact on the crypto market. Bitcoin and Ether have both experienced slight declines in the last week.Shiba Inu's BONE Token Experiences Price SurgeShiba Inu's BONE token made waves on cryptocurrency charts, reaching its highest value since September earlier today. The token has seen a significant increase in on-chain performance, with a rise in the number of active addresses, new addresses, and nonzero addresses. This surge is attributed to the completion of the token contract renouncement, making BONE a fully decentralized entity. Meanwhile, data from the IntoTheBlock app reveals that the number of Shiba Inu (SHIB) investors holding a losing position has increased in the last 20 days, with 88% of addresses "out of the money." Only 9% of SHIB investors are holding a profitable position. On-chain signals also indicate bearish sentiment for SHIB.Uniswap Foundation Seeks Funding for Ecosystem GrowthThe Uniswap Foundation is requesting $62.37 million in funding for Uniswap ecosystem growth. A vote will be held on October 4th. The funds will be used for operations, grants, employee compensation, developer support, cash runway, and low-risk investments. Mixin Network Offers Bug Bounty to HackerCross-chain service Mixin Network has offered a $20m "bug bounty" reward to a hacker who stole $200m from the platform. Mixin Network hopes the incentive will encourage the hacker to return the funds voluntarily.Chase Bank UK's Controversial Crypto StanceChase Bank UK is rumored to have sent an email to customers stating that it would decline any payment related to cryptocurrencies. Coinbase CEO, Brian Armstrong, called the bank's behavior "totally inappropriate" and urged UK crypto holders to close their Chase bank accounts. Some customers have already expressed their intention to boycott the bank. JPMorgan Chase & Co shares closed higher, despite the controversy. Confirmation on the payment halt is expected by October 16.Top Altcoin Gainers and LosersGainers:Bitcoin Cash BCH (+6.21%)Chainlink LINK (+3.62%)Synthetix SNX (+3.49%)Losers:Immutable X IMX (-4.07%)FTX Token FTT (-4.01%)MultiversX EGLD (-3.55%)NFT Market MapNFT Market Trends and Transformative PotentialThe NFT market has experienced a decline in value, with a 94% decrease from its peak. However, there has been substantial growth in unique buyers, sales, and total transactions in 2023 compared to 2020. NFTs are still considered a transformative technology. This article has been refined and enhanced by ChatGPT.