Weekly Recap | Bitcoin Reclaims $80K Amid Volatility, ETF Flows Diverge, Echobit’s September Campaig
2026.09.21
Weekly Recap（September 14–20）
Last week, the crypto market experienced significant volatility, falling sharply before rebounding. At the beginning of the week, BTC briefly dropped below $76,000, mainly pressured by uncertainty surrounding Federal Reserve policy and delays in advancing the CLARITY Act in the U.S. Senate.
ETF flows also shifted notably. U.S. spot Bitcoin ETFs recorded approximately $6.2 million in weekly net inflows, while Ethereum ETFs saw around $140 million in net outflows, ending four consecutive weeks of net inflows.
This week, market attention is shifting from whether the Federal Reserve will raise rates to the policy path following the rate decision and upcoming economic data. BTC has moved back above $80,000, while the policy impact of last week’s rate decision has yet to translate into sustained selling pressure. Meanwhile, lower oil prices have helped push Treasury yields down, providing some support for risk assets. Markets will continue to monitor Fed officials’ comments, U.S. economic data, ETF flows, and changes in the U.S. dollar and Treasury yields.
This article provides a quick review of the key developments across the crypto industry over the past week, along with a preview of the major trends and events to watch in the week ahead.
Market Pulse
- U.S. spot Bitcoin ETFs recorded approximately $463 million in weekly net outflows, ending three consecutive weeks of net inflows.
- U.S. spot Ethereum ETFs recorded approximately $197 million in weekly net inflows, extending their inflow streak to four consecutive weeks.
- Bitcoin briefly moved above its 50-week moving average at around $79,000.
- BlackRock’s IBIT accumulated approximately $1.08 billion worth of BTC over the past 20 days, highlighting continued institutional demand.
- An Ethereum address that had been dormant for more than two years transferred 33,180 ETH to Bitfinex.
- The tokenized stock market continued to expand after the SEC approved an exemptive relief framework allowing eligible tokenized stocks to trade on-chain.
- The U.S. Senate held a procedural vote on the CLARITY Act.
Funding & M&A
The industry saw 9 funding and M&A deals last week, with a combined value of more than $220 million, primarily focused on infrastructure and DeFi:
- Crypto data company Kaiko raised $110 million in a round led by S&P Global.
- Stablecoin payments company Velocity expanded its Series A financing to $48 million.
- Stablecoin payments company dtcpay received a strategic investment from SBI Group, expanding its Series A round to $25 million.
- Fintech company Tare raised $13.25 million in a seed round led by Blockchain Capital.
- Tokenized securities marketplace tZERO completed a new funding round with participation from ICE and other investors.
Policy & Compliance
- The CFTC accelerated efforts to advance a crypto market regulatory framework following the CLARITY Act’s progress being stalled.
- The U.S. House of Representatives passed the Digital Asset Tax Clarity Act.
- The UK FCA released guidance outlining the scope of crypto asset regulation, with applications set to open on September 30.
- The U.S. SEC approved temporary regulatory exemptions for certain tokenized NMS stocks.
- Deutsche Bank launched digital asset custody services for institutional clients.
- 21Shares submitted an amended S-1 filing to the U.S. SEC for a spot INJ ETF, further expanding the range of crypto ETF products under consideration.
Echobit Highlights
- Echobit September Futures Trading Competition continued, driving trading engagement and market activity.
- Echobit New User Exclusive Rewards continued, offering new users more rewards and participation opportunities.
- Echobit Spot Fragment Treasure Hunt launched, using a fun treasure-hunt format to increase user engagement.
- Echobit TradFi Futures Trading Campaign continued, expanding users’ diversified trading experience.
- Echobit To Da Moon launched, combining BTC-themed interactions with rewards to boost community engagement.
- Echobit Find The Hidden Crypto Slang continued, inviting users to explore crypto terminology through interactive puzzles.
- Echobit Create Your Trader Name launched, adding a fun interactive format for the trading community.
- Echobit Follow X Join & Win encouraged users to participate through social media engagement.
- Echobit My September Trading Plan invited users to share their September trading plans and market views.
- Echobit Community Activity Suggestion Program encouraged community members to contribute ideas for future activities.
- Echobit Meme Coin Gain Prediction invited users to predict potential Meme Coin gains.
- Echobit ETH Price Prediction invited users to share their views on Ethereum’s potential price movements.
Next Week Preview（September 21–27）
- The Pontes distributed ledger technology (DLT) settlement project within the euro system is scheduled to launch on September 21.
- Crypto exchange BitMEX is scheduled to officially cease operations at 12:00 PM Beijing Time on September 23.
- The 12th Blockchain Global Summit, hosted by Wanxiang Blockchain Labs, will take place in Shanghai on September 23.
- Bitcoin treasury company ProCap Financial is set to be added to the Russell 2000 and Russell 3000 indexes from September 21.
- FOMC permanent voting member and New York Fed President John Williams will speak at the 2026 U.S. Treasury Market Conference.
- CoinEx announced that it will cease operations and conduct an orderly wind-down, with all non-spot services scheduled to stop from September 22.
- Zilliqa is scheduled to conduct its second hard fork on September 22 to complete the ZIL migration across exchanges.
- The Sandbox released a claims process for users affected by its security incident, with the claim window closing on September 22.
- RISEx offered attackers a white-hat settlement condition to return 80% of the stolen funds by September 23.
- Thailand’s SEC is drafting new stablecoin regulations, with the public consultation period closing on September 25.
Echobit will continue tracking global crypto developments, with a focus on market movements, regulatory trends, and funding opportunities—helping you navigate every market cycle and stay ahead of what’s next.