NYSE Arca Files for Grayscale Ethereum Trust Conversion, Coinbase Obtains Singapore MPI License

Crypto markets rose over the weekend, with BTC (+0.33%) trading above $28k and ETH (-1.89%) surpassing $1,700, triggering over $92 million in short liquidations over the last 24 hours. After rallying amid Ether ETFs being greenlighted, ETHBTC (-2.73%) is retracing some of its gains as investors may be positioning for Bitcoin ETF news as the next crypto-specific catalyst. Equity markets are mixed, with the SPY declining 0.35% while the QQQ is up 0.41%. The DXY and U.S. Treasury yields continue to climb higher, with investor attention shifting to various employment data releases set for this week. September job openings will be released tomorrow, ADP Employment on Wednesday, and non-farm payrolls on Friday. Worse-than-expected data could cause a retreat in rates and the dollar, potentially providing fuel for risk assets to rally.