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 political action committee (PAC) backed by contributions from Coinbase, Ripple Labs and Andreessen Horowitz, announced that it would initially spend a combined $6 million on six House of Representatives candidates out of 32 people the group planned to back ahead of the 2026 US midterm elections. On Monday, Fairshake said that it would support 19 Republican and 13 Democratic incumbents in US House races for 2026. The PAC is expected to spend more than $100 million on ads supporting House and Senate candidates in 2026, including at least $30 million in Ohio’s Senate race to back Republican Jon Huste…
The bureau under the US Treasury said it was withdrawing two proposed rules on unhosted wallets and crypto mixers ”as part of the Trump Administration’s deregulatory agenda.” The US Treasury’s Financial Crimes Enforcement Network (FinCEN) withdrew two proposed rules affecting its enforcement of crypto companies, including one on “convertible virtual currency mixing.” According to a Monday notice, the agency will withdraw a December 2020 proposal that would have imposed “recordkeeping, verification, and reporting requirements” related to crypto transactions and unhosted wallets, as well as one affecting enforcement of crypto mixing services. FinCEN said that the mixer rule, initially proposed in October 2023, “could have a chilling effect on legitimate activity and place a large reporting…
The payments infrastructure company is seeking federal approval to offer stablecoin custody and related fiat services through a limited-purpose national trust bank. Payments infrastructure company Modern Treasury has applied to establish a US national trust bank that would provide digital asset custody and related fiat services. According to Monday’s announcement, the company submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Modern Treasury National Trust Bank, which would operate as a federally regulated, limited-purpose national trust bank. If approved, the bank would allow Modern Treasury customers to custody and move stablecoins and fiat through an integrated service, but would not issue stablecoins or make loans.
CCI CEO Ji Hun Kim said that the organization “remains confident“ in the OCC’s approval of charters for crypto companies, despite a recent lawsuit and pushback from some lawmakers. The Crypto Council for Innovation (CCI) has backed the Office of the Comptroller of the Currency’s (OCC’s) move to approve several charters for crypto companies, saying a lawsuit filed by the Independent Community Bankers of America (ICBA) was an attempt to stifle innovation. On Monday, CCI CEO Ji Hun Kim said that the ICBA lawsuit was a “clear attempt to resist national trust charters, payments innovation, and competition in financial services.” The crypto advocacy organization supported the OCC’s approvals and conditional approvals of crypto companies for national trust charters, despite accusations from some…
S&P Global’s new framework evaluates digital asset lending vaults across six risk categories as deposits in the sector climb to about $10 billion. S&P Global Ratings has launched a risk assessment framework for digital asset lending vaults as the onchain investment products gain traction.
CFTC Chair Michael Selig claimed that the agency was using its “existing statutory authorities“ to address crypto regulation after Congress failed to advance a market structure bill. US Commodity Futures Trading Commission (CFTC) Chair Michael Selig said that the agency will move forward on crypto regulation at the direction of President Donald Trump “with or without legislation” from Congress. Speaking at the Fordham Law Blockchain Regulatory Symposium on Monday, Selig announced proposals giving crypto companies the option to operate under the CFTC’s umbrella rather than dealing with the patchwork of regulations offered by individual US states. According to written remarks from the event, the CFTC chair said that it had issued an advanced notice of proposed rulemarking for companies “of…
Weak US jobs data has narrowed expectations for another Fed hike in October, offering Bitcoin some relief as investors continue to embrace the debasement trade. Bitcoin (BTC) is coming off its best third quarter since 2017, but extending the rally may prove more difficult as Treasury yields above 5% offer investors an increasingly attractive alternative to risk assets, according to Delphi Digital. In its latest weekly newsletter, Delphi highlighted Bitcoin’s 43% gain in the third quarter, followed by a third straight weekly advance last week. However, “the grind higher is happening against real resistance,” Delphi wrote, pointing to the Federal Reserve’s September rate hike and surging Treasury yields, which have reached multi-decade highs. “When a government bond pays over 5% risk-free,…
Bitcoin’s highest weekly close in eight months formed low-timeframe resistance at the start of Monday’s US trading session. Bitcoin (BTC) fluctuated around $86,000 after Monday’s Wall Street open as US bond yields continued to rise. Key points:
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. Japanese investment and Bitcoin treasury company Metaplanet introduced a net interest income strategy on Monday, seeking to invest capital in income-generating assets and use the net interest to fuel its Bitcoin accumulation and dividend payments. The move is part of the company’s revised capital allocation policy under which 10% to 15% of assets can move into strategic investments, including mergers and acquisitions and interest-generating assets. Bitcoin (BTC) remains the company’s core treasury reserve asset, accounting for 85% to 90% of total assets, Metaplanet revealed in a Monday notice. The decision aims to enhance…
Strategy bought 334 Bitcoin for $28.7 million last week while spending $176.3 million to repurchase about 1.77 million shares of STRC. Michael Saylor’s Strategy last week spent more than six times its weekly Bitcoin buying budget on its repurchases of one of its preferred stocks. Strategy bought 334 Bitcoin (BTC) for $28.7 million between Monday and Sunday, bringing its holdings to exactly 848,000 BTC, according to a Monday 8-K form filing with the US Securities and Exchange Commission. Over the same period, Strategy repurchased about 1.77 million shares of its STRC preferred stock for $176.3 million.
Unique wallets sending P2P stablecoin transactions in China grew 43-fold between Q1 2024 and Q2 2026 as crypto activity increasingly shifted toward direct wallet-to-wallet transfers. The number of unique wallets sending peer-to-peer (P2P) stablecoin transactions in China grew 43-fold between the first quarter of 2024 and the second quarter of 2026, according to Chainalysis. The blockchain analytics company recorded $104.1 billion across 18.1 million transfers involving China’s self-custodied stablecoin holdings during the 2026 reporting period, which ran from July 2025 to June 2026. Stablecoin holdings turned over 33.2 times per year, more than three times the global average of 9.3, a pattern Chainalysis said was consistent with users treating stablecoins as working capital.
Calls to slow down development of the most powerful AI models are colliding with an $800 billion investment boom. Could an AI slowdown tank the US economy? The artificial intelligence industry in the United States has powerful forces pulling it in completely opposite directions. Top AI industry leaders are jointly calling for a slowdown in the pace of development, while US President Donald Trump wants to go full steam ahead to beat China and has announced a so-called “Super Intelligence Force,” headed up by former SEC boss Jay Clayton. Meanwhile, the five major US based AI hyperscalers are expected to tip $800 billion into the AI buildout this year according to Goldman Sachs. With the US stock market and GPD growth increasingly dependent on the health of the AI industry, could a slowdown i…
Calls to slow down development of the most powerful AI models are colliding with an $800 billion investment boom. Could an AI slowdown tank the US economy? The artificial intelligence industry in the United States has powerful forces pulling it in completely opposite directions. Top AI industry leaders are jointly calling for a slowdown in the pace of development, while US President Donald Trump wants to go full steam ahead to beat China and has announced a so-called “Super Intelligence Force,” headed up by former SEC boss Jay Clayton. Meanwhile, the five major US based AI hyperscalers are expected to tip $800 billion into the AI buildout this year according to Goldman Sachs. With the US stock market and GPD growth increasingly dependent on the health of the AI industry, could a slowdown i…
The Ohio Republican candidate holds a stake in a digital asset manager and received donations from many in the industry, but has avoided making crypto a central campaign issue. Two years ago, then-presidential candidate Vivek Ramaswamy couldn’t stop praising the virtues of cryptocurrency. Running to be the 2024 Republican nominee in the race for the White House, Ramaswamy sprinkled his stump speeches with praise for Bitcoin (BTC) and token mining operations while strongly standing against central bank digital currencies. Now, presidential candidate Ramaswamy is running to be the next governor of Ohio. And while he isn’t exactly distancing himself from positions on digital assets, he isn’t putting them at the forefront of his campaign despite substantial exposure to crypto investments and t…
Bitcoin bulls renewed pressure on range highs with the 2026 yearly open forming the next key resistance to break through. Bitcoin (BTC) is eyeing a key level as BTC/USD is on the cusp of turning the 2026 yearly candle green.
The partnership will enable select institutions in Asia and the Gulf region to instantly settle US dollar transactions through the bank’s SGB Net Kraken parent company Payward has partnered with Singapore Gulf Bank (SGB) to enable 24/7 US dollar settlement for select institutional clients in Asia and the Gulf region. Payward has integrated SGB Net, the Bahrain-regulated bank’s real-time clearing network, allowing those clients to settle transactions instantly. The companies plan to expand the service to more clients and currencies, according to a Monday press release. The bank will also access digital asset liquidity through Payward’s prime brokerage service, Kraken Prime, and use Payward’s markets to price customer trades in the coming months.
Bitcoin ETF inflows reached a third straight week, while Ether ETFs swung to outflows and Zcash funds posted their first weekly outflow. US spot Bitcoin exchange-traded funds (ETFs) recorded a third consecutive week of net inflows as Ether ETFs flipped back to net outflows. Bitcoin ETFs attracted $241.1 million last week, lifting cumulative net inflows to $57.8 billion, according to SoSoValue data. The funds added $2.4 billion and $6.2 million the two preceding weeks, with year-to-date net inflows now at around $1.2 billion.
Zcash’s NU7 upgrade is now live on testnet, giving developers several weeks to assess 25-second blocks and other protocol changes before a planned November mainnet activation. Zcash has activated its NU7 network upgrade on testnet, moving the planned protocol changes into live testing about a month before its targeted mainnet rollout. According to Zcash testnet block explorer ZecBlock, block 4,465,026 — NU7’s scheduled activation point — was mined on Oct. 4 at 18:21:45 UTC. Zcash confirmed the activation in a post on X, saying NU7 was live on testnet. NU7 is Zcash’s next network upgrade and seeks to reduce the network’s target block spacing from 75 seconds to 25 seconds. The upgrade also disables version 4 transactions and integrates a Network Sustainability Mechanism that redirects part o…
The stock trading platform seeks to offer tokenized shares in more than 60 US-listed companies under the SEC’s recently introduced innovation exemption. An OKX joint venture has filed with the US Securities and Exchange Commission to launch a tokenized stock trading platform. OKXICE LLC, a joint venture between cryptocurrency exchange operator OKX and New York Stock Exchange parent Intercontinental Exchange Inc., has notified the SEC that it intends to launch a tokenized securities venue (TSV) under the SEC’s new innovation exemption. The platform will include more than 60 companies listed on US stock exchanges, said OKXICE co-chair Andrew Cuomo.
Greenfield Capital said it sought changes to Safe Ecosystem Foundation’s board for months before turning to the Swiss regulator. Greenfield Capital, an investor in Safe, says it has filed a supervisory complaint with Switzerland’s foundation watchdog, seeking changes to Safe Ecosystem Foundation’s board after months of engagement failed to resolve its governance concerns. In an open letter to the Safe community on Sunday, Greenfield founding partner Jascha Samadi said the complaint to Switzerland’s Federal Supervisory Authority for Foundations (ESA) comes after his firm became “increasingly concerned” about the state of Safe since early 2025, citing its performance relative to the broader market and a lack of independent voices on the foundation board. “But we have come to believe, after…
