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he product converts more than 50 local currencies into stablecoins, offers rewards of up to 10% on eligible USDG balances and includes virtual and physical payment cards.
This shallower decline isn’t limited to the one-year anniversary. The bear market itself has been milder with past downturns seeing prices plummet 77% to 85%.
US spot Bitcoin ETFs reversed two days of inflows as Bitcoin slipped below $86,000, trading roughly 32% below its October 2025 all-time high.
The Ethereum Economic Zone (EEZ) successfully tested what it called the “first atomic cross-chain” L1-to-L2 transaction, which involved moving 0.001 Ether and a rollup state update between Ethereum mainnet and a layer-2 network. This transaction was designed to ensure linked actions across networks either succeed together or are all reversed if any part fails, according to a project contributor. The EEZ aims to enable rollups to interact within a single transaction without relying on bridges, potentially reconnecting liquidity and applications across different L2 networks. Jakub Gregus, co-founder of Hydration, described the demonstration as a significant milestone for the technology’s potential benefits to Ethereum.
Better Markets said the CFTC’s proposed framework to bring certain cryptocurrency transactions and exchanges under its oversight will leave investors less protected than under the SEC.
FinCEN withdrew a 2020 proposal that would have required banks and crypto businesses to report transfers of more than $10,000 involving unhosted wallets, and a 2023 proposal targeting transactions involving crypto mixers, neither of which had taken effect, according to CoinDesk. The agency stated that these withdrawals aligned with the Trump administration’s deregulatory agenda and efforts to create "fit-for-purpose" digital-asset rules. The wallet reporting rule, which was proposed during the final weeks of the first Trump administration, would have required firms to collect customer information for transactions crossing the $10,000 threshold within 24 hours. Both proposals faced significant public comment and remained unresolved for several years.
One of Ethereum’s main validator clients updated its software hours before a Sepolia test that will raise the amount of work each block can hold to 200 million gas.
Rain joins a growing queue of crypto firms seeking federal trust charters, while community banks have just asked a court to overturn the OCC rules underpinning them.
OKX Money lets users hold, send and spend dollar-backed stablecoins, with qualifying USDG balances earning up to 10% APY.
ZachXBT says he infiltrated the network by posing as a customer, gaining information that helped trace funds from the $1.5 billion Bybit hack.
Fairshake said it would financially back 32 House candidates who all voted in favor of the CLARITY market structure bill in 2025, as the legislation remains in limbo in the Senate.
Fairshake, the crypto super PAC, has announced support for 32 U.S. House incumbents in the upcoming November elections, including 13 Democrats and 19 Republicans, with supportive candidates generally holding safe seats. The organization has allocated significant funds, with six candidates receiving a million dollars each in support, and has a track record of backing candidates likely to win primaries and general elections. Fairshake emphasizes its issue-focused approach, backing pro-crypto candidates from both parties who support American innovation, particularly those on key committees related to crypto legislation. Although the PAC has prioritized House races, it has not publicly campaigned to unseat senators opposing certain crypto bills.
More than 60 U.S. stocks, including Nvidia, Tesla, and Apple, are planned to be available for onchain trading through a platform operated by OKX and ICE, the owner of the NYSE, according to a regulatory filing. The platform would allow investors to buy and sell tokenized versions of shares using stablecoins, with each token backed one-for-one by actual stock held by a registered broker-dealer. Trading would occur in blockchain-based liquidity pools rather than through traditional order matching, potentially allowing for 24/7 trading even when U.S. stock exchanges are closed. However, there are questions about adoption due to corporate objections, liquidity concerns, and regulatory uncertainties, with limited near-term relevance projected for institutional investors, according to TD Securities.
The U.S. Commodity Futures Trading Commission (CFTC) has proposed rules to regulate leveraged, margined, or financed cryptocurrency trading and is creating a new category of platforms called crypto asset markets (CAMs), according to CoinDesk. These proposals aim to provide a comprehensive regulatory framework and are open for public comment, with the intent to fill regulatory gaps left by the lack of a specific crypto market law from Congress. However, the CFTC's authority does not extend to regulating spot markets, which involve direct trading of cryptocurrencies like Bitcoin and Ethereum, though it can still police fraud and manipulation in those markets. The Securities and Exchange Commission (SEC) has also moved ahead with rules on custody and securities tokenization, with both agencies striving to establish clearer regulation amid the absence of new market structure legislation.
Bitcoin’s highest weekly close in eight months formed low-timeframe resistance at the start of Monday’s US trading session.
Metaplanet revealed a revised capital allocation framework proposing to allocate as much as 15% of total assets to strategic investments to fund its Bitcoin accumulation.
Stripe plans to expand its stablecoin card programs to more than 100 countries by the end of the year, according to Henri Stern, the company's head of stablecoins and crypto. The company has already issued over 400 million cards with stablecoin options and has seen stablecoin card spending reach approximately $1.2 billion last month, tripling over the past year. Stripe's approach involves integrating stablecoins into its existing infrastructure, which includes partnerships with firms like Kraken and Ramp, and maintaining a broad, agnostic stance toward different stablecoins and blockchains. This expansion signifies a growth in the use of stablecoins for everyday payments beyond crypto trading and cross-border transfers.
Strategy bought 334 Bitcoin for $28.7 million last week while spending $176.3 million to repurchase about 1.77 million shares of STRC.
Armada Acquisition Corp. II rose about 270% last week, leaving the thinly traded shell at nearly four times its roughly $10.50 trust value before merging with Evernorth, an XPR treasury company.
On October 2, the SEC approved a rule change for six ETFs issued by Volatility Shares that aim to deliver three times the daily return of assets like bitcoin and ether, which is a significant development because prior to this, crypto funds in the U.S. had been capped at 2x leverage. These funds will hold regulated futures tied to bitcoin and ether rather than actual tokens, and they require SEC approval before trading can begin. Market experts note that leveraged ETFs are intended for trading rather than long-term investment, as they must rebalance daily, which can amplify intraday volatility and lead to volatility decay, especially in highly volatile assets like bitcoin. The prospectus from Volatility Shares also highlights the risks involved, warning that these products are not suitable for all investors and may be highly speculative.
The Treasury Department said the network raised more than $2 million through purported humanitarian charities, including hundreds of thousands of dollars sent in crypto.
The Japanese firm sold 10,000 BTC before buying 11,000 BTC, demonstrating liquidity as it seeks recurring income from preferred securities.
A stronger dollar and rising bond yields could be headwinds as fiscal concerns in France and political uncertainty in Spain weigh on the euro.
A weak September jobs report may have taken a rate hike off the table, but bitcoin is still stuck below $87,000, with FOMC minutes due Wednesday.
