News linked to this event type.
Today's financial calendar focuses on macroeconomic data such as China's foreign exchange reserves, European and U.S. industrial output, and housing price indices. Markets will closely monitor changes in U.S. API and EIA crude oil inventories, the New York Fed's inflation expectations, and the Federal Reserve's monetary policy meeting minutes.
Fed official Daly publicly stated that further tightening measures may be necessary in the current economic environment. The statement reinforced market expectations for maintaining a high interest rate environment.
According to Crypto Unfolded, Winklevoss Asset Services has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch a spot ETF directly holding Zcash (ZEC), with plans to list it on the Nasdaq exchange. Previously, Grayscale launched the Zcash investment product ZCSH in August 2025, which currently manages over $900 million in assets and carries a management fee of 2.5%. The report notes that after a significant rally earlier this year, ZEC is currently trading at approximately $1,350. The new spot ETF filing may further expand avenues for institutional investors to gain exposure to privacy coins, but given the regulatory scrutiny these assets face, it remains uncertain whether the product will receive approval.
According to Crowdfund Insider, the Independent Community Bankers of America (ICBA) filed a lawsuit on October 2 in the U.S. District Court for the District of Columbia, accusing the Office of the Comptroller of the Currency (OCC) of relaxing national bank charter rules, thereby allowing cryptocurrency companies to enter the banking system without assuming the same regulatory obligations as traditional banks. The ICBA is seeking a court order to vacate the OCC's National Bank Charter Rules issued in March 2026 and related prior interpretive documents, and to invalidate the conditional national trust bank charter granted to digital asset custody firm Protego Holdings. The complaint states that the current U.S. administration has approved or conditionally approved 21 national trust banks, with at least 13 being cryptocurrency enterprises. ICBA argues that these institutions do not need to comply with certain regulatory requirements applicable to traditional banks, such as capital, liquidity, and deposit insurance mandates, yet are permitted to operate nationwide using a federal charter, creating unfair competition. The ICBA also warned that some crypto trust banks lack adequate risk management and independent oversight mechanisms, potentially posing risks to the financial system. The OCC has currently declined to comment on the lawsuit.
according to an MSX announcement, MSX has completed the handling of abnormal trades, rollbacks, and asset reconciliation for the period from 00:00 to 10:00 (UTC+8) on October 3, 2026, involving MSX/USDT spot and MSXUSDT contracts. Spot trading has resumed normal operations, and users' current balances, trading records, and profit/loss data all reflect post-handling results. Some accounts may still be temporarily restricted due to risk verification. MSX has decided to delist the MSXUSDT contract trading pair as of the date of the announcement. Profitable positions will be settled based on the profits already generated, while losing positions will be fully compensated within 7 days via USDT airdrops. The trading pair will no longer support new position opening or related trading operations. Eligible affected users will receive a 1,000 MSX airdrop and can enjoy a full rebate on trading fees during the period from 00:00 (UTC+8) on October 7, 2026, to 00:00 (UTC+8) on November 7, 2026. The relevant fees will be distributed in the form of USDT airdrops within 7 days after the rebate period ends.
Sui core development company Mysten Labs announced a collaboration with Google Cloud to develop the Verifiable Agent Arbiter (VAA), aimed at establishing an independently verifiable behavior logging system for enterprise AI agents, ensuring that AI agent operations remain within their authorized scope while meeting enterprise auditing and regulatory compliance requirements.
According to Bitcoin News on X, the U.S. Securities and Exchange Commission (SEC) has proposed updating digital asset custody rules to allow investment advisers to self-custody when no qualified custodian is willing to custody specific assets, provided they meet requirements such as written assessment, multi-party authorization for transfers, wallet segregation, and security reviews. The proposal also seeks to allow qualifying state-chartered trust companies to serve as qualified custodians for digital assets such as Bitcoin. The proposal does not yet specify approval of any particular digital asset for investment adviser custody; if ultimately passed, Bitcoin could benefit due to its relatively mature existing institutional custody infrastructure.
According to Cointelegraph, former New York Governor and OKX board member Andrew Cuomo published an op-ed warning that the United States' current cryptocurrency regulatory framework could face political risks amid the upcoming midterm elections, urging Congress to pass bipartisan digital asset legislation that ensures long-term stability.
According to Cointelegraph, the Hong Kong Special Administrative Region government has reiterated its plan to submit a draft amendment bill on virtual asset regulation by the end of 2026, establishing a licensing regime for four categories of virtual asset services: trading, custody, advisory, and management. At a policy briefing on October 5, Paul Chan, Secretary for Financial Services and the Treasury, stated that the government will submit the relevant amendment bill within this year to respond to innovative developments in the financial technology sector and further refine the virtual asset regulatory framework. Previously, the Hong Kong Monetary Authority granted the first batch of stablecoin issuer licenses to Anchorpoint Financial and HSBC Bank (Hong Kong) in April this year. The proposed new licensing regime will further expand the scope of Hong Kong's virtual asset regulation.
The Hong Kong government has reiterated that it will submit amendments to the crypto asset licensing bill before the end of 2026, establishing a licensing regime covering digital asset trading, custody, advisory, and management services. Hong Kong Secretary for Financial Services and the Treasury Christopher Hui stated that the amendments will respond to developments in the fintech sector.In January of this year, Christopher Hui disclosed that regulators planned to submit crypto asset regulatory proposals before the end of 2026. The Hong Kong Monetary Authority (HKMA) has begun processing stablecoin issuer license applications and in April granted the first batch of stablecoin issuer licenses to Anchorpoint Financial and Hongkong and Shanghai Banking Corporation. (Cointelegraph)
According to the current schedule, South Korea's cryptocurrency tax policy is set to officially take effect in 2027. This statement indicates that the government will further review the relevant policies, but has not explicitly indicated whether implementation will be delayed or the taxation plan adjusted.
Odaily News: A 28-year-old Russian national identified as a core member of the globally notorious ransomware gang Qilin was arrested in Japan and lawfully extradited to Germany on October 2. Reports state that the man is suspected of illegally breaching a German logistics company's systems in September 2024, encrypting its data, and demanding and extorting approximately $165,000 (about 26 million yen) in Bitcoin. Investigations show that within the Qilin criminal network, he was responsible for building attack systems and received a proportional cut of the ransom payments collected by various affiliate execution teams.Japanese police took him into custody in late May of this year while he was traveling in Osaka, and he was subsequently handed over to German authorities after the Tokyo High Court ruled that the conditions for extradition were met. Qilin operates on a "ransomware-as-a-service" (RaaS) model and previously claimed responsibility in 2025 for a cyberattack on Japan's Asahi Group. (Nada News)
Odaily News: Nonprofit financial reform advocacy group Better Markets stated that the Commodity Futures Trading Commission (CFTC)'s plan to bring certain cryptocurrency trading and exchanges under its regulatory purview could give retail investors weaker protections than those under the Securities and Exchange Commission (SEC). The CFTC has solicited public comments on a framework for margin, leverage, or financing in retail crypto trading.Benjamin Schiffrin, Director of Securities Policy at Better Markets, noted that the CFTC lacks an investor protection mandate, and its statutory authority was originally designed to address fraud in leveraged precious metals trading, which does not justify making it the primary regulator of retail crypto trading. He also said the proposed framework could allow the kind of interrelated market participants that were seen as contributing to FTX's collapse.After the CLARITY Act stalled in Congress, the CFTC and SEC have continued to advance crypto policy under existing law. The CFTC plans to establish a new federal category to bring qualifying crypto trading platforms directly under regulation; the SEC, meanwhile, has proposed relaxing certain investment adviser custody rules, allowing limited tokenized trading of U.S. equities, and issuing new guidance on how securities laws apply to crypto assets. (Cointelegraph)
Odaily News: Polymarket has filed a lawsuit in a Dutch court seeking to overturn a ban imposed by the Dutch gambling regulator on its prediction market. The company argues that its event contracts are derivatives and should be regulated by the Dutch Authority for the Financial Markets (AFM), rather than the Dutch Gaming Authority (KSA).On January 20, the KSA ordered Polymarket to cease providing services to Dutch users within four weeks or face weekly fines of €420,000, up to a maximum of €840,000. The KSA stated that inspectors had registered an account through a Dutch IP address, topped up €10 using a Dutch bank account, and purchased $1 worth of "Yes" shares in the "Next Dutch Prime Minister" market.Polymarket said it implemented IP blocking on February 18, but the KSA determined that the measure came one day after the deadline and decided to impose a €420,000 fine. On June 23, the KSA dismissed Polymarket's objection, noting that Dutch law prohibits betting on non-sporting events and that licensed operators are also not permitted to accept cryptocurrency payments. (Bitcoin.com News)
Odaily News: Roman Storm posted on X platform stating that the U.S. Treasury Department recently acknowledged in a document that there were problems with previous rules targeting mixers, and noted that the policy may have a "chilling effect" on legitimate activities. Storm stated that although the relevant department of the U.S. Treasury Department now believes the policy has issues, the U.S. Department of Justice in his case still insists that even legitimate transactions conducted through Tornado Cash constitute illegal acts because they could be used for money laundering, sanctions evasion, and other criminal purposes. Storm said that the non-criminal division of the U.S. government believes the policy is improper, while the criminal justice division believes all related transactions constitute crimes; he has been detained and prosecuted for over 1,139 days, and claims his case stems from developing open-source code. Storm also stated that the Southern District of New York (SDNY) federal court submitted a new document today, and the U.S. Department of Justice is still pushing for his conviction.
According to Cointelegraph, stablecoin payment infrastructure provider Rain has filed an application with the Office of the Comptroller of the Currency (OCC) to establish Rain National Trust Bank in New York. If approved, the bank will provide fiduciary custody services for digital assets and U.S. dollars to institutional clients, manage reserve assets for eligible stablecoin issuers, and issue and redeem USD stablecoins in accordance with the GENIUS Act. This application arrives as U.S. community banks mount legal challenges against crypto trust bank charters. The Independent Community Bankers of America (ICBA) recently sued the OCC, seeking to overturn the relevant charter regulations and block the agency from continuing to approve new national trust banks under this framework.
cryptocurrency exchange OKX has announced the launch of OKX Money, a stablecoin savings and payment app, now available in parts of Latin America, Africa, South Asia, and the Middle East, offering up to 10% annualized yield on eligible USDG balances.Users can fund their accounts with over 50 supported currencies, with funds converted into USD-backed stablecoins, and can hold, send, and spend USDG, USDC, or USDT. The app supports both virtual and physical cards, and eligible USDG balances can earn yield without staking or lock-up requirements.OKX stated that the app will roll out gradually in accordance with regional requirements, with specific legal entities and regulatory frameworks varying by jurisdiction, and the initial launch markets have not yet been disclosed. Yields and eligibility conditions vary by region and user, and users can unlock higher yield tiers by meeting a 30-day average deposit threshold, reaching a 30-day spending amount, or upgrading their exchange VIP level. (Cointelegraph)
Odaily reports: Stablecoin payment infrastructure provider Rain has submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish Rain National Trust Bank in New York. Once approved, the bank will be able to provide institutional clients with digital asset and USD fiduciary custody, as well as stablecoin reserve management services.Rain stated that Rain National Trust Bank may also issue and redeem USD-backed stablecoins in accordance with the GENIUS Act. Former Square Financial Services Chief Financial Officer Brandon Soto will serve as President and CEO of the proposed bank, subject to OCC review.The Independent Community Bankers of America (ICBA) sued the OCC on Friday, alleging that it allowed non-depository trust banks to conduct a wide range of non-fiduciary activities, exceeding its regulatory authority. The ICBA is asking the court to overturn the OCC's chartering rule introduced in March 2026 and Interpretive Letter 1176 from 2021, and to block the approval of more licenses based on those documents.The Crypto Council for Innovation said the lawsuit is intended to restrict innovation. The ICBA complaint states that the OCC has approved or conditionally approved at least 21 trust banks, of which at least 13 are cryptocurrency companies. (Cointelegraph)
Odaily Report: Liquid Capital founder Yi Lihua posted on X platform, stating: "Many projects lack contractual integrity — users deposit BTC and are not allowed to withdraw, investors' coins are arbitrarily deducted, and terms are forcibly modified. This is no different from robbery. It poses indiscriminate credibility risk to VCs, KOLs, and secondary investors. I strongly recommend that exchanges make project credibility a key evaluation metric. In traditional stock markets, companies involved in fraud face penalties or delisting rules."
Odaily News: U.S. Democratic Representative Don Davis of North Carolina introduced the "Ban on Betting on Your Own Election Act" on Monday, which seeks to prohibit candidates for federal office from trading contracts related to their own elections on prediction markets. Violators would face fines of $10,000 or 3 times the net trading profit, whichever is higher. The proposal stems from an earlier incident in which Davis's Republican campaign opponent, Laurie Buckhout, reached a settlement with a platform after trading contracts related to her own candidacy, paying a fine of slightly less than $2,600 and being suspended from using the platform for three years. Prediction market platforms had previously imposed their own restrictions on candidates trading contracts related to their own elections, and Davis hopes to write those restrictions into law; however, because the House and Senate are not scheduled to resume sessions until after the midterm elections, the proposal is almost impossible to implement during this election cycle.