# Trenches Today — September 25, 2026

Canonical edition: https://trenchestoday.xyz/editions/2026-09-25
Published: 2026-09-25T05:04:09.623Z
Updated: 2026-09-25T05:04:09.623Z
Edition: 20260925
Revision: 1
Content hash: d4c56c4b09184410a1d08fef3a4322e1880244bc19761aac246ee2678c54c71e

> U.S. spot bitcoin ETFs logged nearly $1 billion in net inflows on Monday, recording one of their largest single-day totals.

## Lead story: Spot Bitcoin ETFs Draw Nearly $1B in Inflows Amid Market Rally

U.S. spot bitcoin ETFs logged nearly $1 billion in net inflows on Monday, recording one of their largest single-day totals.

- Spot bitcoin ETFs recorded nearly $1 billion in inflows on Monday.

Original source: [coindesk](https://www.coindesk.com/markets/2026/09/22/spot-bitcoin-etfs-attracted-nearly-usd1-billion-on-monday-the-9th-largest-inflow-ever)

## Complete edition

### Ethereum & L2

#### ARK Invest Tokenizes Venture Fund on Ethereum with Securitize

Topic: Ethereum & L2 · Signal: rails

ARK Invest is tokenizing its venture fund via Securitize on Ethereum, expanding institutional access to venture assets onchain.

Edition link: https://trenchestoday.xyz/editions/2026-09-25#story-story_0e501826b430efe68748
Original source: [the-block](https://www.theblock.co/news/markets/2026-09-24-ark-invest-tokenizes-arkvx-venture-fund-securitize-416294)

### DeFi & Stablecoins

#### Canada's Big Six Banks Explore Tokenized Canadian Dollar Deposits

Topic: DeFi & Stablecoins · Signal: rails

Canada's six largest financial institutions are exploring tokenized Canadian dollar deposits to streamline interbank settlement.

Edition link: https://trenchestoday.xyz/editions/2026-09-25#story-story_2408d6c7cc0b6ecf8f6c
Original source: [cointelegraph](https://cointelegraph.com/news/canada-six-largest-banks-explore-tokenized-canadian-dollar-deposits)

#### Coinbase Adds Fixed-Rate Bitcoin Loans via Morpho Midnight

Topic: DeFi & Stablecoins · Signal: rails

Coinbase integrated Morpho Midnight to offer fixed-rate USDC loans backed by bitcoin collateral.

Edition link: https://trenchestoday.xyz/editions/2026-09-25#story-story_17212a3f0af891ac47c5
Original source: [the-block](https://www.theblock.co/news/defi/2026-09-22-coinbase-fixed-rate-bitcoin-loans-morpho-midnight-416050)

#### U.S. Considers Promoting Dollar Stablecoins to Extend Currency Reach

Topic: DeFi & Stablecoins · Signal: rails

Reports indicate U.S. policymakers are exploring support for dollar-pegged stablecoins overseas to preserve currency dominance.

Edition link: https://trenchestoday.xyz/editions/2026-09-25#story-story_1361a55deda7179f0f21
Original source: [decrypt](https://decrypt.co/379219/us-stablecoins-weapon-dollar-dominance)

#### HIFI Raises $37M Series A to Expand Tokenized Settlement Infrastructure

Topic: DeFi & Stablecoins · Signal: rails

Fintech platform HIFI closed a $37 million Series A round led by Left Lane Capital to scale capital markets infrastructure.

Edition link: https://trenchestoday.xyz/editions/2026-09-25#story-story_582ef3e6e2584c17ee04
Original source: [the-block](https://www.theblock.co/news/business/2026-09-24-hifi-raises-37-million-series-a-to-expand-tokenized-capital-markets-infrastructure-416242)

#### Visa Study Finds Bank Protections Boost Stablecoin Adoption Intent

Topic: DeFi & Stablecoins · Signal: rails

Consumer intent to use stablecoins rises from 36% to 56% if bank-level protections are provided, according to Visa research.

Edition link: https://trenchestoday.xyz/editions/2026-09-25#story-story_6737f25706df4e3b1250
Original source: [the-block](https://www.theblock.co/news/regulation/2026-09-23-stablecoin-adoption-intent-rises-from-36-to-56-with-bank-level-protections-visa-says-416136)

### Markets & Macro

#### Chainalysis Finds Crypto Activity Fell 1.6% Despite Market Downturn

Topic: Markets & Macro · Signal: rails

Onchain transaction activity declined only 1.6% over 12 months despite a major contraction in total market valuation.

Edition link: https://trenchestoday.xyz/editions/2026-09-25#story-story_45a21dfbbf9123497e43
Original source: [the-block](https://www.theblock.co/news/ecosystems/2026-09-23-crypto-economy-fell-just-1-6-in-12-months-despite-2-1-trillion-market-cap-rout-chainalysis-says-416150)

## Corrections

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