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Founded in 2013, Cointelegraph is the leading independent digital-asset media ecosystem. It is focused on digital assets, the future of money, and emerging new technologies of the metaverse world. It provides original content from all over the world, and its international editorial teams are integrated with native Web3 communities. They publish unique insights in 11 different languages to a loyal audience interested in disruptive technologies, digital assets, and fintech applications. The digital news platform is part of the broader Cointelegraph ecosystem, which includes market analysis and research, a Magazine publication, educational content, social media, and consulting services. These services help all industries learn and benefit from blockchain technology and Web3.
Better Markets Says CFTC Is Unsuitable to Regulate Retail Crypto Trading
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)
IMF Approves $138 Million Disbursement to El Salvador, Requires Reduced State Involvement in Bitcoin Activities
Odaily reports: The International Monetary Fund (IMF) has completed the second and third reviews of El Salvador's 40-month Extended Fund Facility, approving an immediate disbursement of approximately $138 million under the $1.4 billion financing program. Despite some performance criteria not being met, the IMF granted waivers based on corrective measures and recommitments.The IMF stated that El Salvador will continue to reduce state involvement in Bitcoin-related activities, strengthen crypto asset regulation, governance, and transparency of public sector crypto asset holdings, and will not accumulate additional Bitcoin beyond already recorded donations. The majority stake and operational control of the government's Chivo Bitcoin wallet have been transferred to a private operator. (Cointelegraph)
Anchorage Digital Reportedly Lays Off About 17% of Staff, Valued at $4.2 Billion
Odaily News: U.S. digital asset bank Anchorage Digital has reportedly laid off approximately 17% of its workforce. The company was valued at $4.2 billion earlier this year; if its global headcount remains at around 400 as it was in February, this round of layoffs would affect roughly 68 positions. CEO Nathan McCauley informed employees of the layoff arrangements this week.In recent years, Anchorage Digital has expanded its regulated crypto business and entered stablecoin issuance, including participating in Tether's newly launched USD stablecoin USAT. The company also received a $100 million strategic investment from Tether earlier this year. (Cointelegraph)
"The Bitcoin Standard" Author: Other Bitcoin Treasury Companies Struggle to Compete With Strategy, Its Scale and Cash Reserves Provide an Advantage
According to Cointelegraph, Saifedean Ammous, author of The Bitcoin Standard, stated that other treasury companies focused on buying Bitcoin as their core business may struggle to compete with Strategy, noting there is currently no sufficient reason to choose alternative Bitcoin treasury firms over Strategy. Ammous pointed out that Strategy's larger Bitcoin holdings enable it to secure financing at a lower cost, and the company maintains approximately $5.02 billion in cash reserves, which can be used to pay preferred stock dividends and interest on its debt, providing a financial buffer even if Bitcoin experiences a sharper drawdown. However, he also emphasized that investing in Strategy still entails risks, and personally favors holding Bitcoin directly.
Arthur Hayes: US May Expand Money Supply to Support AI and Government Debt, Driving Crypto Assets Higher
According to Cointelegraph, BitMEX co-founder and Maelstrom CIO Arthur Hayes said during Blockchain Week Korea that U.S. policymakers may need to expand the money supply to support AI data center construction and government debt financing, with the resulting increase in liquidity potentially driving crypto asset prices higher. Hayes noted that AI companies require trillions of dollars in funding to build data centers, and as prices for related services continue to drop, this could ultimately push policymakers to adopt a more accommodating monetary stance. He also highlighted that China's monetary policy may shift from relatively tight conditions to larger-scale stimulus, which he believes could reignite market demand for scarce assets.
Arthur Hayes: Money Printing Could Drive Cryptocurrency Prices Higher
Arthur Hayes stated that U.S. policymakers may support the AI industry and government debt financing through money printing, driving cryptocurrency prices higher; if China shifts from limited tightening to large-scale monetary stimulus, it could also boost demand for scarce assets. He is also monitoring financial stress in France, including BNP Paribas-related credit default swaps and French government bond spreads.Catrina Wang, General Partner at Portal Ventures, said that banks and asset management companies have advantages in on-chain financial markets thanks to their existing client relationships. Todd McDonald, co-founder of R3, pointed out that public blockchains can help institutions reach clients beyond their own networks; Justin Kugel, Executive Vice President of Growth at World Liberty Financial, said that user demand for asset management and investment evaluation still leaves room for intermediaries.Chetan Karkhanis, Senior Vice President of Digital Asset Client Relationships at Franklin Templeton, said the company has no intention of issuing its own stablecoin and hopes tokenized money market funds will provide investment returns. Haonan Li, co-founder and CEO of Codex, said that trade routes connecting Latin America, sub-Saharan Africa, and Asia are driving demand for stablecoin payments; buyers pay eastward for goods, while manufactured products flow westward.Ilya Podoynitsyn, co-founder and CEO of FinHarbor, said that before allocating to crypto assets, companies need to confirm they have long-term idle funds that will not affect daily operations. Michael Camarda, Chief Development Officer of Ethereum treasury company SharpLink, said that both buying back shares and increasing ETH holdings can raise ETH per share; the company has adopted both methods to meet the preferences of institutional and retail investors. (Cointelegraph)
Former New York Governor Cuomo: Midterm Elections May Disrupt Existing Crypto Regulations, Urges Congress to Advance Bipartisan Legislation
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.
Hong Kong plans to submit a draft amendment to the virtual asset regulatory ordinance by the end of 2026, covering four categories of business including trading and custody.
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
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)
Better Markets Says CFTC Is Unsuitable to Regulate Retail Crypto Trading
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)
Stablecoin payment company Rain applies for a U.S. national trust bank charter, planning to offer digital asset custody and stablecoin issuance and redemption services.
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.
OKX Launches Stablecoin Savings and Payment App, Offering Up to 10% APY on Eligible USDG Balances
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)
Binance Bitcoin Weekly Net Outflow Hits Highest Level in Over Three Years, Whale Stablecoin Inflows Rise 40%
According to Cointelegraph, CryptoQuant data shows that during the week ending September 27, Binance's Bitcoin net outflow reached 23,137 BTC, marking the highest level since June 2023. Since September 20, Binance's Bitcoin reserves have cumulatively decreased by nearly 40,000 BTC.
OKX Launches Stablecoin Savings and Payment App, Offering Up to 10% APY on Eligible USDG Balances
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)
Former SEC Chair Set to Serve as AI Czar, Traders Predict BTC Could Reach $600,000
According to Cointelegraph, Trump is expected to appoint former SEC chairman Jay Clayton as AI czar. Meanwhile, veteran trader Peter Brandt predicts that if Bitcoin holds its key lows, the peak of this cycle could reach $600,000.
NEAR Intents Claims It Has Confirmed the Hacker's Identity, Demands Return of $3.8 Million in Stolen Funds Within 48 Hours
According to Cointelegraph, Alex Shevchenko, General Manager of NEAR Intents, stated that the team has identified the hackers behind the previous security incident and given them a 48-hour deadline to return the stolen funds through a "responsible disclosure." NEAR Intents previously suspended its services due to a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. Initial investigations revealed that approximately $3.8 million in user funds were stolen in the incident, and the team has committed to fully compensating affected users. On-chain detective ZachXBT stated that the stolen funds were subsequently transferred to KuCoin and cross-chain converted into Bitcoin.
NEAR Intents Hit by $3.8 Million Exploit, Gives Hacker 48 Hours to Return Funds
Odaily News: NEAR Intents has stated that it has identified the attacker responsible for the loss of user funds and has demanded the return of $3.8 million within 48 hours through a "responsible disclosure" mechanism, after which the window will be closed.NEAR Intents suspended services on Thursday after discovering a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. A preliminary investigation showed that the attack resulted in the theft of $3.8 million in user funds, and the platform has committed to fully compensating affected users.On-chain investigator ZachXBT disclosed that the related funds were transferred to the KuCoin exchange and subsequently bridged to Bitcoin. (Cointelegraph)
$388 Million in Crypto Assets Stolen, Bitget CEO Says Full Recovery Unlikely
Odaily News — Gracy Chen, CEO of cryptocurrency exchange Bitget, said the company is not optimistic about recovering the $388 million in crypto assets lost in last week's security incident. Citing the Bybit hack in 2025 as a reference, she noted that approximately one year after that incident, only about 3.5% of the stolen funds had been frozen, and that this does not equate to a completed recovery.Bitget has set up a bounty program offering 5% rewards for frozen funds and recovered funds respectively. The NEAR Intents team said it has intercepted over $50 million in assets related to the attack and frozen approximately $500,000. Tether and Circle have blacklisted the relevant wallets, freezing $318,000 worth of USDT and USDC.Gracy Chen stated that preliminary investigations indicate the attack may match VPN addresses used by North Korea-linked groups, but Bitget has not yet fully ruled out the possibility of an insider job. Bitget has resumed withdrawals in phases, starting with Bitcoin transactions on Monday and continuing with ETH transactions on Tuesday. (Cointelegraph)
Core Lightning warns unpatched nodes to upgrade as soon as possible
the Core Lightning team, which develops the Bitcoin Lightning Network node software, is warning node operators running version 26.06.7 or earlier to upgrade to the latest version as soon as possible. The team said it has received reports of attackers targeting unpatched nodes, but did not disclose the vulnerability exploited by the attackers or the potential impact.Core Lightning said on September 16 that it was investigating an issue that could affect experimental features and user funds, and on September 22 released version 26.06.8 to fix the vulnerability and update the software. This announcement did not state whether the previously reported attacks were related to the vulnerability fixed in this version. (Cointelegraph)
NEAR Intents Claims It Has Confirmed the Hacker's Identity, Demands Return of $3.8 Million in Stolen Funds Within 48 Hours
According to Cointelegraph, Alex Shevchenko, General Manager of NEAR Intents, stated that the team has identified the hackers behind the previous security incident and given them a 48-hour deadline to return the stolen funds through a "responsible disclosure." NEAR Intents previously suspended its services due to a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. Initial investigations revealed that approximately $3.8 million in user funds were stolen in the incident, and the team has committed to fully compensating affected users. On-chain detective ZachXBT stated that the stolen funds were subsequently transferred to KuCoin and cross-chain converted into Bitcoin.
NEAR Intents Hit by $3.8 Million Exploit, Gives Hacker 48 Hours to Return Funds
Odaily News: NEAR Intents has stated that it has identified the attacker responsible for the loss of user funds and has demanded the return of $3.8 million within 48 hours through a "responsible disclosure" mechanism, after which the window will be closed.NEAR Intents suspended services on Thursday after discovering a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. A preliminary investigation showed that the attack resulted in the theft of $3.8 million in user funds, and the platform has committed to fully compensating affected users.On-chain investigator ZachXBT disclosed that the related funds were transferred to the KuCoin exchange and subsequently bridged to Bitcoin. (Cointelegraph)
$388 Million in Crypto Assets Stolen, Bitget CEO Says Full Recovery Unlikely
Odaily News — Gracy Chen, CEO of cryptocurrency exchange Bitget, said the company is not optimistic about recovering the $388 million in crypto assets lost in last week's security incident. Citing the Bybit hack in 2025 as a reference, she noted that approximately one year after that incident, only about 3.5% of the stolen funds had been frozen, and that this does not equate to a completed recovery.Bitget has set up a bounty program offering 5% rewards for frozen funds and recovered funds respectively. The NEAR Intents team said it has intercepted over $50 million in assets related to the attack and frozen approximately $500,000. Tether and Circle have blacklisted the relevant wallets, freezing $318,000 worth of USDT and USDC.Gracy Chen stated that preliminary investigations indicate the attack may match VPN addresses used by North Korea-linked groups, but Bitget has not yet fully ruled out the possibility of an insider job. Bitget has resumed withdrawals in phases, starting with Bitcoin transactions on Monday and continuing with ETH transactions on Tuesday. (Cointelegraph)
SlowMist: It has not yet been confirmed that the iPhone Safari attack led to stolen crypto assets, and whether iOS 26.5 is affected remains to be verified.
According to Cointelegraph, SlowMist stated that it has not yet independently confirmed that the analyzed Safari attack sample has led to actual crypto asset theft. Existing technical evidence primarily covers iOS 18.4 through 18.6.2, while the previously circulated claim that "iOS 13 through iOS 26.5 are all affected" remains preliminary. Analysis by SlowMist reveals that the malicious Safari page exploits a chain of vulnerabilities previously patched by Apple to attempt access to the Apple Keychain, app files, and shared data, which may involve information stored in crypto wallets. However, the presence of exfiltration-capable code does not mean data has been successfully extracted from all targeted wallets. SlowMist continues to recommend that iPhone users promptly install the latest iOS security updates and avoid opening suspicious links.
SlowMist: No Confirmed Link Yet Between iPhone Safari Attack and Crypto Asset Theft
Odaily reports: Blockchain security firm SlowMist has stated that the attack samples it analyzed targeting iPhone Safari have not been linked to any confirmed incidents of crypto asset theft. The available technical evidence primarily covers iOS 18.4 through 18.6.2, and whether iOS 26.5 is affected still lacks reproducible technical evidence.The attack reuses the previously disclosed DarkSword attack chain technique, loading code through malicious web pages disguised as free virtual private server services. The samples contain components that access Apple Keychain, extract and decrypt stored information, and can also access application files and shared data.SlowMist recommends that iPhone users install the latest iOS security updates available for their devices and avoid clicking suspicious links. Users who suspect their wallet private keys or seed phrases have been compromised should generate a new wallet on a clean device and transfer their assets. (Cointelegraph)
Winklevoss Supports Zcash ETF Application for NASDAQ Listing
According to Cointelegraph, a Zcash ETF backed by the Winklevosses has filed for registration with the SEC, aiming to list on Nasdaq under the ticker WINK. The fund is slated to be custodied by Gemini Trust and carries no leverage risk.
Ethereum's Glamsterdam Upgrade Goes Live on Sepolia Testnet
the Ethereum Glamsterdam upgrade has gone live on the Sepolia testnet, activating at 13:53 UTC on Tuesday, epoch 353024. This deployment is one of the major test runs ahead of the upgrade's final mainnet activation.Glamsterdam will introduce built-in proposer-builder separation (ePBS), block-level access lists, and Gas pricing adjustments more closely aligned with execution costs, aiming to enhance the scalability and efficiency of the Ethereum mainnet. The Ethereum Foundation has published the relevant upgrade plans.Following this testnet deployment, developers will determine the activation time for Glamsterdam on the Hoodi testnet, and subsequently set the mainnet launch date. Once the upgrade is complete, developers will move forward with the next major upgrade, Hegotá. (Cointelegraph)
Better Markets Says CFTC Is Unsuitable to Regulate Retail Crypto Trading
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)
OKX Launches Stablecoin Savings and Payment App, Offering Up to 10% APY on Eligible USDG Balances
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)
Rain applies to establish a U.S. national trust bank, community bank organization sues OCC
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)
Crypto PAC Fairshake Announces Midterm Election Endorsement List, All 32 House Candidates Previously Supported the CLARITY Act
According to Cointelegraph, the crypto political action committee Fairshake, backed by Coinbase, Ripple Labs, and Andreessen Horowitz, announced it will fund 32 House candidates in the 2026 U.S. midterm elections, including 19 Republicans and 13 Democrats. As an initial round, Fairshake will contribute $1 million each to the campaigns of six of these candidates, totaling $6 million. All 32 candidates previously voted in 2025 to advance the Digital Asset Market Clarity Act (CLARITY Act). The bill had earlier failed to pass a crucial procedural vote in the Senate, and its subsequent progress remains uncertain.
Related news
Winklevoss Supports Zcash ETF Application for NASDAQ Listing
According to Cointelegraph, a Zcash ETF backed by the Winklevosses has filed for registration with the SEC, aiming to list on Nasdaq under the ticker WINK. The fund is slated to be custodied by Gemini Trust and carries no leverage risk.
UK government appoints 6 banks to lead issuance of first digital-native government bond, expected in Q1 2027
Odaily News: The UK government has appointed Barclays, HSBC, Lloyds, Morgan Stanley, NatWest, and RBC Capital Markets as joint lead managers for its first digital-native government bond, the Digital Gilt Instrument (DIGIT), which is expected to be issued in the first quarter of 2027. The six banks will provide underwriting, investor communication, and distribution services.DIGIT will be issued through a platform within the UK Digital Securities Sandbox and will test the application of distributed ledger technology in the issuance and full lifecycle of government bonds, including on-chain settlement. Lucy Rigby, Economic Secretary to the UK Treasury, stated that the project aims to explore the application of distributed ledger technology in the sovereign debt market and to advance the development of the UK's digital financial infrastructure.HSBC was appointed in February as the distributed ledger technology provider for the pilot, and in July reached an agreement with London Stock Exchange Group to develop a connectivity solution for a digital securities depository. (Cointelegraph)
Ethereum's Glamsterdam Upgrade Goes Live on Sepolia Testnet
the Ethereum Glamsterdam upgrade has gone live on the Sepolia testnet, activating at 13:53 UTC on Tuesday, epoch 353024. This deployment is one of the major test runs ahead of the upgrade's final mainnet activation.Glamsterdam will introduce built-in proposer-builder separation (ePBS), block-level access lists, and Gas pricing adjustments more closely aligned with execution costs, aiming to enhance the scalability and efficiency of the Ethereum mainnet. The Ethereum Foundation has published the relevant upgrade plans.Following this testnet deployment, developers will determine the activation time for Glamsterdam on the Hoodi testnet, and subsequently set the mainnet launch date. Once the upgrade is complete, developers will move forward with the next major upgrade, Hegotá. (Cointelegraph)
Former New York Governor Cuomo: Midterm Elections May Disrupt Existing Crypto Regulations, Urges Congress to Advance Bipartisan Legislation
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.
Hong Kong plans to submit a draft amendment to the virtual asset regulatory ordinance by the end of 2026, covering four categories of business including trading and custody.
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
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)