XLM Surges 3.7% as Final-Hour Breakout Drives Fresh Momentum

[Wisconsin Introduces Bitcoin Rights Bill AB471] September 30 news, the U.S. state of Wisconsin has introduced Bill AB471, aimed at exempting individuals and businesses from the requirement to obtain a money transmission license for activities such as accepting payments, using self-custody wallets, running nodes, developing software, and staking.

[BlackRock IBIT Becomes the World's Largest Bitcoin Options Trading Platform] On September 30, according to Bloomberg, BlackRock's iShares Bitcoin Trust (IBIT) has surpassed Deribit to become the world's largest Bitcoin options trading venue. After last Friday's contract expiration, IBIT-related options open interest reached $38 billion, exceeding Deribit's $32 billion. Deribit has dominated the market since its establishment in 2016, and this shift marks a significant move of the digital asset trading focus toward Wall Street.

[Flying Tulip Completes $200 Million Financing at a $1 Billion Valuation] On September 30, Andre Cronje's new crypto project Flying Tulip completed a $200 million seed round financing at a $1 billion valuation. Investors include DWF Labs, Brevan Howard Digital, and others. This round of financing utilized a SAFT structure, aiming to build an on-chain trading platform covering the DeFi sector. The project introduces an 'on-chain redemption right,' allowing investors to destroy FT tokens at any time to redeem their initial assets. The redemption process is managed by smart contracts with protective mechanisms in place. FT tokens cannot be transferred before the public offering is completed, and team members have no initial token allocation.

[Kazakhstan Launches Crypto Fund and Invests in BNB] The Kazakhstan Ministry of Artificial Intelligence and Digital Development has initiated the crypto fund Alem Crypto Fund, managed by Qazaqstan Venture Group and registered at the Astana International Financial Center (AIFC). The fund has completed its first investment, purchasing the cryptocurrency BNB.

Stellar’s token rallied from $0.36 to $0.37 in a 24-hour window, fueled by dual breakout phases and explosive final-hour trading volume.