Cointelegraph.com
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Cointelegraph.com - 21:47 Oct 03, 2025
The plaintiffs failed to show how Bored Ape Yacht Club and other NFTs represent investment contracts under the SEC's 3-pronged Howey Test. A US judge has dismissed an investor lawsuit against Web3 company Yuga Labs, ruling that the case failed to show non-fungible tokens (NFTs) meet the legal definition of securities. Judge Fernando M. Olguin ruled the plaintiffs did not demonstrate how Bored Ape Yacht Club (BAYC), ApeCoin (APE) or other NFTs sold by Yuga satisfied the three conditions of the Howey test, a standard used by the Securities and Exchange Commission (SEC) to determine whether a transaction qualifies as an investment contract. The lawsuit was originally filed in 2022. Yuba Labs marketed its NFTs as digital collectibles with membership perks to an exclusive club, making them consumables rather than investment contracts, Olguin said. He wrote: The judge also said the plaintiffs failed to show that the Bored Ape Yacht Club and other NFT collections launched by Yuga are a “common enterprise” with the e... -
Cointelegraph.com - 21:33 Oct 03, 2025
Shares of Nasdaq-listed miner CleanSpark rose more than 5% Friday after the company reported higher September production. Bitcoin miner CleanSpark ended September with 13,011 BTC in its treasury after reporting year-over-year gains in efficiency and output. The company said monthly production rose 27% from September 2024, with 629 Bitcoin (BTC) mined, and sold 445 BTC for roughly $48.7 million at an average price of $109,568. In its Friday update, CleanSpark said that fleet efficiency improved 26% year over year, while its average operating hashrate for the month was 45.6 EH/s. CleanSpark has been selling part of its monthly Bitcoin production since April as part of a push to become financially self-sufficient. It also opened an institutional Bitcoin trading desk to facilitate sales. In August, the company generated $60.7 million from the sale of 533.5 BTC. Read more -
Cointelegraph.com - 21:22 Oct 03, 2025
Ethereum Foundation sells 1,000 ETH via CoW Swap for stablecoins to support research, grants and DeFi funding as part of its treasury strategy. The Ethereum Foundation (EF) announced plans to convert 1,000 Ether (ETH) into stablecoins to finance research, grants and donations, aligning with its broader treasury strategy and involvement in funding decentralized finance (DeFi) initiatives. The sale, worth approximately $4.5 million at current prices, was executed via CoW Swap, a decentralized trading protocol that aggregates liquidity across multiple exchanges to offer users competitive prices without relying on a centralized intermediary. Neither the foundation’s announcement nor its treasury policy specified which stablecoins it would receive in exchange for the ETH. Read more -
Cointelegraph.com - 21:02 Oct 03, 2025
An FDIC meeting will follow up on acting chair Travis Hill’s statements that he would support Trump’s executive order targeting “politicized or unlawful debanking activities.” The Federal Deposit Insurance Corporation’s board of directors is set to discuss proposed rules that could impact crypto firms amid allegations of debanking. In a Thursday notice, the FDIC said its board would consider a notice of proposed rulemaking “regarding prohibition on use of reputation risk by regulators.” Though the agenda did not explicitly mention debanking concerns tied to digital assets, acting FDIC chair Travis Hill has previously criticized regulators for using “reputation risk” as justification to prevent some banks from engaging in crypto activities, such as allowing clients to send funds to exchanges. US President Donald Trump used the term in an August executive order “guaranteeing free banking,” claiming that having regulators access reputation risk could result in “politicized or unlawful debanking.” The order did n... -
Cointelegraph.com - 19:57 Oct 03, 2025
Ether’s chances of breaking above $5,000 depend on institutional accumulation, but rising competition and muted derivatives metrics keep investor sentiment restrained. Key takeaways: Ethereum’s $100 billion TVL leadership contrasts with falling activity, as competitors gain traction through lower fees. Institutional accumulation via spot ETFs and corporate reserves may trigger an Ether supply shock above $5,000. Read more -
Cointelegraph.com - 19:35 Oct 03, 2025
Vietnam is one of the leading countries for crypto adoption in the Asia-Pacific (APAC) region and ranks number four globally, according to Chainalysis. The State Bank of Vietnam, the country’s central bank, anticipates credit growth of about 20% in 2025, a move that could see liquidity flow into global crypto markets amid rising adoption in the region. Pham Thanh Ha, deputy governor of the central bank, said Friday that interest rates need to be slashed further to encourage economic growth and mitigate the uncertainty from US-imposed tariffs, according to Reuters. Vietnam’s government legalized cryptocurrencies in June as part of broader technology regulation, which categorized cryptocurrencies as either virtual assets representing real-world tokenized products or crypto assets like Bitcoin (BTC) and Ether (ETH). Read more -
Cointelegraph.com - 18:45 Oct 03, 2025
The UK will lift a ban on specific crypto exchange-traded products starting next week, but the regulator said its “framework would need to be updated” before considering ETFs. The UK’s Financial Conduct Authority (FCA) is set to soon reverse a ban on crypto exchange-traded notes (ETNs) for retail investors enacted in 2019. According to an Aug. 1 notice, the UK watchdog will lift a ban on retail access to crypto ETNs starting on Wednesday, provided they are traded on an “FCA-approved, UK-based investment exchange.” Unlike exchange-traded funds (ETFs), which are still banned in the UK for retail investors, ETNs represented debt securities tied to crypto and not backed by any underlying assets. With the lifting of the ban looming, companies with operations in the UK have been weighing in on what the regulatory change could mean for retail investors. BlackRock, the world’s largest asset management company, is reportedly looking into ways to offer its iShares Bitcoin exchange-traded product to prepare for retail t... -
Cointelegraph.com - 18:20 Oct 03, 2025
Solana CME futures open interest hit $2.16 billion as ETPs drive $500 million inflows. With institutions accumulating while retail stays cautious, are institutions quietly leading the charge? Key takeaways: CME open interest for SOL hit a record $2.16 billion, signaling strong institutional activity. Retail traders remain cautious after $307 million in liquidations, keeping leverage muted. Read more -
Cointelegraph.com - 18:00 Oct 03, 2025
Analysts were eying a “quick” Bitcoin breakout to $150,000, as ARK Invest’s Cathie Wood compared the Hyperliquid token’s performance to Solana during the previous crypto cycle. The digital asset market staged a significant recovery over the past week following the end-of-September slump. Investor interest began to return, driven by a newfound appetite for safe-haven assets due to the uncertainty caused by the US government’s first shutdown in six years. The growing demand for safe-haven assets may see Bitcoin (BTC) follow gold’s rally, potentially leading to a new all-time high of $150,000 before the end of the year, according to Capriole Investments founder Charles Edwards. Bitcoin recovered above the $120,000 mark on Thursday for the first time since Aug. 14 and continued to trade above $120,122 at the time of writing on Friday. Elsewhere, the ballooning financial deficit of France’s central bank may provide another Bitcoin catalyst, as it may lead to “trillions of euros” of money printing by the European C... -
Cointelegraph.com - 17:23 Oct 03, 2025
Solid inflows into Bitcoin ETFs and a stellar start to the month drastically increase the chance for BTC to hit a new all-time high. Key points: Solid inflows into spot Bitcoin ETFs show that bulls are back in the driver’s seat and a rally to a new all-time high is likely. BNB is leading the altcoin recovery, with several altcoins poised to break above their overhead resistance levels. Read more -
Cointelegraph.com - 17:19 Oct 03, 2025
Galaxy Research reports a steep drop in crypto venture capital activity as investors pivot toward direct digital asset accumulation and treasury strategies. Although digital assets continue to attract record interest from institutional investors, traditional banks and corporations, venture capital activity in the sector has slowed notably since the first quarter. Galaxy Research’s latest VC report showed that crypto and blockchain startups raised a total of $1.97 billion across 378 deals in the second quarter. That represents a 59% decline in funding and a 15% drop in deal count compared to the previous quarter. According to Galaxy, it was the second-lowest quarterly total since Q4 2020. Researchers observed that the long-term correlation between Bitcoin’s (BTC) price and venture capital investment in the sector has broken down and is “struggling to recover.” Read more -
Cointelegraph.com - 14:42 Oct 03, 2025
Stablecoins added $46 billion in Q3 net supply, led by USDT, USDC and USDe. Find out who gained share, where funds flowed and what signals matter next. Stablecoins just posted their biggest quarter on record, with an estimated $45.6 billion to $46.0 billion in net creations in Q3. That’s a 324% jump from Q2’s $10.8 billion and a clear sign that fresh dollars are flowing back into the market. Read more -
Cointelegraph.com - 14:39 Oct 03, 2025
The total stablecoin market capitalization has surged past $300 billion, posting 47% growth YTD and highlighting a growing adoption trend. Stablecoins — cryptocurrencies pegged to the value of fiat currencies or commodities — have surpassed $300 billion in market capitalization for the first time, highlighting a significant adoption trend. According to data from open-source aggregator DefiLlama, the milestone was reached on Oct. 3, 2025, capping a year-to-date growth of 46.8% By reaching the $300 billion threshold, the stablecoin market is well-positioned to break the pace of 2024 amid intensifying competition and a wave of new stablecoin launches this year. Read more -
Cointelegraph.com - 14:21 Oct 03, 2025
Bitcoin futures gained their highest levels of open interest ever, leading to a forecast of a "liquidity flush" within two weeks. Key points: Bitcoin circles the $120,000 mark as traders boost liquidity on either side of the spot price. Analysis sees bulls addressing the “imbalance” to take the market higher. Read more -
Cointelegraph.com - 13:55 Oct 03, 2025
Samsung Wallet and Coinbase aim to provide easier access to cryptocurrency for 75 million US Galaxy users, with a global rollout planned for the future. Consumer electronics giant Samsung has expanded its partnership with cryptocurrency exchange Coinbase, allowing its Galaxy smartphone users to buy crypto directly through its native Samsung Wallet. In the first phase, about 75 million Galaxy users in the United States will gain access to Coinbase One, a subscription service that offers zero trading fees, higher staking rewards and account protection for lost funds due to unauthorized access, Coinbase announced Friday. “Together with Samsung, we’re pairing their global scale with Coinbase’s trusted platform to deliver the best value for people to access crypto — starting with more than 75 million Galaxy users across the U.S., and soon around the world,” said Shan Aggarwal, chief business officer at Coinbase. Read more -
Cointelegraph.com - 13:45 Oct 03, 2025
Walmart-backed banking app OnePay reportedly plans to add Bitcoin and Ether trading and custody later this year as part of its push to become a WeChat-style US superapp. OnePay, a banking app majority-owned by Walmart, will soon roll out crypto support, according to CNBC. According to a Friday CNBC report citing anonymous sources, OnePay will soon offer cryptocurrency trading and custody to its users. The app is expected to support Bitcoin (BTC) and Ether (ETH) later this year. OnePay has positioned itself as a US version of a “superapp,” modeled after China’s WeChat. The platform already offers banking services including high-yield savings accounts, credit and debit cards, loans and wireless plans. Read more -
Cointelegraph.com - 13:35 Oct 03, 2025
Bitcoin surges despite US government shutdowns delay altcoin ETFs; Brazil rolls out a welcome mat for crypto miners. Bitcoin (BTC) surged into October, defying a US government shutdown that has left altcoin exchange-traded fund (ETF) applications in limbo. But while markets welcomed the arrival of “Uptober,” the headlines elsewhere were dominated by regulatory battles and policy experiments. Two defendants pleaded guilty in what UK police called the world’s largest crypto seizure, a case that has left courts wrestling with whether victims should be repaid at today’s Bitcoin value or at what they lost years ago. Read more -
Cointelegraph.com - 13:30 Oct 03, 2025
Current compliance rules create data honeypots that endanger users. Zero-knowledge proofs enable verification without exposure and privacy as a competitive edge. Opinion by: Amal Ibraymi, legal counsel at Aztec Labs When cybercriminals breached UnitedHealth’s tech unit in 2025, nearly 200 million people had their data exposed. A few months later, Coinbase admitted that overseas customer support agents had been bribed for access to user data. These are not isolated events; they are symptoms of a broken system. Existing compliance rules meant to protect us force companies to stockpile vast amounts of sensitive personal data, creating irresistible honeypots for hackers. Most businesses don’t want this liability, but regulators demand it. This reality has led to the perception that privacy and compliance are fundamentally at odds. Read more -
Cointelegraph.com - 13:30 Oct 03, 2025
With 16 crypto ETF applications on the SEC’s October calendar, a new regulatory framework could fast-track approvals for Solana, XRP and beyond, signaling a pivotal shift for US markets. October 2025 is shaping up to be a big month for crypto markets, as the US Securities and Exchange Commission (SEC) faces final deadlines on 16 exchange-traded fund (ETF) applications. Unlike past waves, many of these proposals go beyond Bitcoin and Ether, targeting altcoins like Solana, XRP and Litecoin. This week on “Byte-Sized Insight,” we explore what makes this round of filings different, how the SEC’s stance may be shifting and what the potential approvals could mean for both investors and the broader crypto market. On Sept. 17, the SEC approved a set of “generic listing standards” for exchange-traded products tied to spot commodities, including digital assets. Analysts say the move may dramatically simplify the ETF approval process, reducing the need for case-by-case rule changes that had long slowed crypto’s path to m... -
Cointelegraph.com - 12:57 Oct 03, 2025
The UK has again ordered Apple to open access to encrypted iCloud backups for British users, a move that could expose crypto wallet keys to hacking. Update (Oct. 3, at 2:00 pm UTC): This article has been updated to add commentary by Slava Demchuk, the CEO of blockchain forensics and cybersecurity firm AMLBot. The United Kingdom is again pressuring Apple to create a backdoor into its encrypted iCloud backup services, raising alarm among cybersecurity and crypto advocates. According to the Financial Times, the UK government has ordered Apple to allow access to encrypted iCloud backups of British users. The renewed request differs from previous demands in that it limits access to UK-based accounts, but critics argue that the change still poses serious risks. Read more
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