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Every Cryptoweek news story, newest first. Each one opens with a short summary, followed by a brief on what it means.
BitcoinBitcoin holds near $86,000 a year after its recordOne year ago today bitcoin set its all-time high of about $126,000. On Tuesday morning, October 6, it traded near $86,200. That leaves it roughly 31% lower than a year ago, according to Yahoo…
- CFTCCFTC chair: write the rules first, enforce second
CFTC Chairman Michael Selig has given the clearest account so far of how crypto will be regulated without a new law from Congress. Speaking at Fordham Law's Blockchain Regulatory Symposium in New…
BankingRain applies for a national trust bank charterAnother crypto company wants a federal bank charter. Stablecoin infrastructure firm Rain has applied to the Office of the Comptroller of the Currency to set up Rain National Trust Bank, PYMNTS…
InfrastructureSolana Foundation open-sources a settlement standard shaped by J.P. MorganThe Solana Foundation has published a common way to settle tokenized trades, built to a major bank's requirements. Solana DvP, released October 6, is an open-source program for…
South KoreaSecuritize and LG CNS to explore tokenized funds and stablecoins in KoreaTokenization firm Securitize has found a partner in South Korea. It signed a memorandum of understanding with LG CNS, the IT services arm of LG, Crypto Times reported October 6.
DerivativesXRP futures volume hits a six-month highTraders came back to XRP derivatives in September. Futures volume reached about $57 billion, the highest in six months, The Crypto Basic reported October 6, citing CryptoQuant data. XRP's price rose…
- CFTCCFTC opens its own crypto rulebook, starting with leveraged retail trading
The Commodity Futures Trading Commission has started building a federal framework for leveraged crypto trading, using the law it already has. On October 5 it asked for public comment on two planned…
- TreasuryFinCEN drops proposed rules on unhosted wallets and mixers
Two of the most contested crypto proposals of recent years are off the table. Treasury's Financial Crimes Enforcement Network has withdrawn both, Crypto Briefing reported October 5.
ElectionsFairshake backs 32 House incumbents, starting with $6 millionThe crypto industry's main political committee has named the lawmakers it wants back in Washington. Fairshake endorsed 32 House incumbents, 19 Republicans and 13 Democrats, Cointelegraph reported…
BitcoinBitcoin back above $86,000 after a weak US jobs reportBitcoin climbed back above $86,000 on Monday, and the reason had little to do with crypto. It traded near $86,100 on the morning of October 5, up about 2% on the day and 8.6% over the past month…
Michael SaylorSaylor's Strategy buys 334 more bitcoin as holdings pass 848,000Strategy added to its bitcoin holdings again last week, though only slightly. The company bought 334 bitcoin for about $28.7 million between September 28 and October 4, at an average price near…
ETFsEther ETFs have pulled in more money than bitcoin ETFs this yearEther funds are winning the contest for new money this year, though not the contest for size. US spot ether ETFs have taken in about $1.5 billion in 2026, against roughly $985 million for spot…
StablecoinsCiti and Coinbase partner on stablecoin payments for corporate clientsCitigroup and Coinbase are connecting their systems so that corporate clients can move money in stablecoins, Benzinga reported. It is a clear sign that a large US bank sees stablecoins as payments…
SecurityNEAR Intents recovers all $3.8 million taken in exploitNEAR Intents lost $3.8 million in user funds to an exploit on October 1 and, within days, had all of it back. Cointelegraph reported that the attacker used a bug in the way the protocol's smart…
SECSEC approves listing rule for the first 3x bitcoin and ether fundsTriple-leveraged bitcoin and ether funds are a step closer to US brokerage accounts. On October 2 the SEC approved a rule change at the Cboe BZX exchange that clears six leveraged exchange-traded…
BankingCommunity banks sue the OCC over crypto trust chartersThe banking industry has taken its fight over crypto charters to court. The Independent Community Bankers of America sued the Office of the Comptroller of the Currency in federal court, CoinDesk…
- SECSEC proposes custody rules for advisers and funds holding crypto
The SEC has proposed rewriting its custody rules so that investment advisers and funds can hold crypto without stepping outside them. The proposal, issued October 1, updates the rules under the…
StatesNew York and Wyoming agree to coordinate crypto supervisionTwo of the best-known state crypto regulators have agreed to work together. New York's Department of Financial Services and the Wyoming Division of Banking signed a memorandum of understanding on…
StablecoinsTreasury sets a $10 billion line for state-supervised stablecoin issuersTreasury has drawn the line that decides which stablecoin issuers can stay with a state regulator. An interim final rule published September 30 explains how states can have their stablecoin regimes…
European UnionESMA asks Brussels for stronger powers in the MiCA reviewThe EU's markets regulator wants more power over crypto than the bloc's main crypto law gives it. On September 30 the European Securities and Markets Authority published its response to the European…
United KingdomUK opens the application window for crypto firmsCrypto firms that want to keep operating in the UK now have a deadline. The Financial Conduct Authority opened its authorization gateway for cryptoasset firms on September 30, and the window closes…
- StatesIllinois drafts rules for a 0.2% digital asset tax
Illinois is moving ahead with a tax that charges crypto activity by value, and the draft rules now show how it would work. The state's Department of Revenue posted them on September 28, according to…
StatesCalifornia bars public officials from launching meme coinsCalifornia will bar public officials from launching or promoting meme coins. Governor Gavin Newsom signed the bill on September 27, according to a summary by the law firm Lowenstein Sandler.
- SECSEC staff FAQs address staking receipt tokens and buybacks
SEC staff have answered one of decentralized finance's longest-running questions, at least informally. In FAQs published September 25, the Division of Corporation Finance set out how it classifies…
ReactionsCZ and Armstrong say crypto moves ahead without the CLARITY ActA day after the Senate declined to advance the CLARITY Act, the two best-known exchange founders gave nearly the same answer: the industry keeps going.
CongressSenate vote on the CLARITY Act fails 49 to 50The Senate's attempt to pass a market structure law for crypto ended on September 15, when a motion to advance the Digital Asset Market Clarity Act failed 49 to 50. It needed 60 votes. The House had…
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