September 22 Morning Brief: SEC approves 5-year conditional pilot for tokenized stocks, Bitcoin hits $86,000

The market opened with gains following the U.S. SEC's decision to allow a five-year conditional pilot for on-chain trading of tokenized stocks. Bitcoin led the rally to $86,617, accompanied by significant short liquidations totaling over $900 million. Meanwhile, the European Central Bank is preparing to invest in tokenized securities, and the Central Bank of Russia is pushing for cryptocurrency regulations by the end of 2026. Analysts advise caution due to upcoming Federal Reserve remarks and U.S. economic data.