Daily digests
Crypto News Digest: October 1, 2026
The stories that moved crypto on October 1, 2026.
40 stories
All crypto news
New York, Wyoming regulators sign pact to coordinate crypto oversight
New York and Wyoming regulators sign a pact to coordinate crypto oversight, allowing them to share supervisory information, streamline licensing reviews, and jointly conduct examinations and enforcement actions against digital‑asset firms. The agreement aims to reduce duplicative compliance costs and create a unified regulatory front, which could attract more businesses to operate across both states, boosting market confidence.
Illinois Delays Controversial Crypto Tax Amid Industry Lawsuit
Illinois officials and cryptocurrency groups petition a state court to postpone the 0.2% Digital Asset Tax, originally set for Jan. 1, 2024, until July 1, 2027, while a lawsuit challenging the tax proceeds.
SEC proposes new crypto custody rules for investment advisers and funds
The SEC proposes new crypto‑custody rules requiring investment advisers and funds to obtain written custody agreements, undergo annual audits and maintain detailed records, aiming to tighten oversight of digital asset holdings.
Reddit Is Killing RSS Feeds and Public API Access to Fight AI Scrapers
Reddit announces it will shut down RSS feeds on November 13 and terminate public API access for third‑party apps by March 2027, citing rampant AI scrapers that harvest content. While the platform blocks external data pipelines, it simultaneously licenses its own posts to AI firms, prompting concerns that the move may drive developers to alternative communities and reshape content distribution.
SEC Proposes Rules to Clear Up How Advisers and Funds Can Hold Crypto
The SEC proposes new rules allowing advisers and funds to employ state‑chartered trust companies as custodians and, under defined conditions, to hold crypto assets themselves, replacing years of regulatory ambiguity with a clear compliance pathway; this guidance could broaden institutional participation, boost custody service demand, and potentially accelerate capital inflows into the cryptocurrency market.
Trump to host 3rd ‘exclusive’ memecoin event amid corruption claims
President Trump hosts a third exclusive memecoin dinner on Nov. 22 at his Washington, D.C., golf club for 185 top token holders, repeating similar gatherings in May 2025 and April 2026; the events draw scrutiny amid corruption allegations, prompting regulators to monitor potential market manipulation, while the hype could temporarily boost memecoin prices and investor interest.
SEC proposes framework allowing investment advisers, funds to self-custody crypto
SEC proposes a new crypto framework permitting investment advisers and funds to self‑custody digital assets under limited conditions, while also authorising state‑chartered trust companies to act as custodians. The rule clarifies compliance obligations, expands eligible custodial options, and aims to boost institutional participation, potentially increasing crypto inflows and market liquidity.
Evernorth clears shareholder vote ahead of Nasdaq debut with 473M XRP treasury
Evernorth clears its shareholder vote and prepares for a Nasdaq debut under the ticker XRPN, targeting a post‑merger launch after its SPAC closes; the company reports an XRP treasury valued at roughly $710 million, equivalent to about 473 million tokens at current prices, signaling substantial crypto exposure that could boost investor interest and influence broader market sentiment toward digital‑asset‑linked equities.
Zcash Drops 21% From Recent High—Here’s Why the Rally May Not Be Over
Zcash plunges 21% from its recent $1,698 peak as ETF outflows and a suspected North Korean hack that funneled stolen funds through its shielded pool spark sell pressure; traders debate whether the dip signals a temporary correction or the start of a deeper decline, while the broader crypto market watches for potential rebound opportunities.
China warns foreign spies about crypto, Singapore dominates Asia: Asia Express
Singapore’s crypto economy expands 55% as it cements regional leadership, while South Korea moves to legalise crypto market makers, and China’s Ministry of State Security warns foreign spies that blockchain activity is under surveillance. These developments tighten regulatory scrutiny, boost Singapore’s market share, and signal heightened compliance pressures across Asian crypto ecosystems.
Ethereum staking reward burn proposal EIP-8363 pulled from Hegota upgrade
Ethereum co‑author Jérôme de Tychey announces the EIP‑8363 staking‑reward‑burn proposal is removed from the upcoming Hegota upgrade, after industry participants and core contributors persuaded him that a scoping process is unsuitable for altering token issuance. The withdrawal delays any immediate reduction in ETH supply, keeping staking yields unchanged and preserving current market dynamics.
It's the Start of Uptober. Will Bitcoin Live Up to It?
Bitcoin kicks off October—dubbed “Uptober”—after a record‑pace September, entering its historically strongest month. Yet a recent Federal Reserve rate hike and Treasury yields climbing to 5.3% pressure bullish momentum. Traders watch whether price can sustain gains amid tighter monetary conditions, as sustained strength could reinforce Bitcoin’s resilience and attract further institutional inflows.
Illinois will postpone implementation of crypto tax following lawsuit
Illinois postpones its 0.2% cryptocurrency tax for six months after lawsuits and industry pushback claim the legislation was rushed. State officials agree to delay implementation, giving businesses and investors time to adjust. The pause may temper immediate compliance costs, but the eventual tax could still affect transaction volumes and market liquidity statewide.
OpenAI Fires Three Safety Researchers Over Alleged Leak to Outside Group
OpenAI terminates three safety researchers for allegedly leaking confidential data to an external group, violating internal handling rules. Their dismissals follow months of rogue‑agent incidents, a wave of safety‑team resignations, and a fresh lawsuit against the company. This turmoil intensifies scrutiny on OpenAI’s governance, potentially unsettling investors and prompting tighter industry regulatory oversight.
50,000 Europeans call on EU to ease stablecoin rewards restrictions in MiCA review
Fifty‑thousand Europeans submit a letter urging Brussels to loosen MiCA’s restrictions on stablecoin reward programs, arguing the rules stifle innovation and user incentives, while EU central banks simultaneously push broader reforms of the regulation’s stablecoin framework; the campaign could pressure policymakers to adjust compliance burdens, potentially boosting stablecoin adoption and market liquidity.
Another Trump memecoin dinner advertised for token's top investors
The company behind the Trump memecoin promotes its November gathering as “the most exclusive dinner in the world,” targeting the token’s top investors and promising high‑profile networking opportunities; by branding the event as ultra‑elite, the organizers aim to boost investor confidence, drive token demand, and potentially lift the memecoin’s market price.
The 'Largest Pure-Play' XRP Treasury Is About to Go Public
Shareholders approve Evernorth’s merger with Armada Acquisition Corp. II, clearing the path for the Ripple‑backed firm to list on October 8, bringing an estimated 473 million XRP into a publicly traded “pure‑play” treasury. The debut offers investors direct exposure to the digital asset, potentially boosting XRP liquidity, driving price volatility, and prompting broader market interest in crypto‑linked SPACs.
Hyperliquid Policy Center, Circle press EU on perps and stablecoin reserves in MiCA review
Hyperliquid’s policy team urges the EU to bring perpetual futures under MiFID II, arguing that current exemptions create regulatory gaps, while Circle presses the European Commission to clarify MiCA’s required 100 percent bank‑deposit reserve floor for stablecoins, warning that ambiguous rules could hinder dollar‑backed tokens; both moves signal heightened lobbying as Europe tightens crypto oversight, potentially reshaping market liquidity and…
Meta Pushes Back on Claim That Muse AI Read a User's Messages Without Consent
Meta’s communications chief Andy Stone says Muse AI cannot read users’ Messages without two explicit permissions, countering a journalist’s claim that the tool synced his texts despite his settings; Stone stresses that both permission toggles must be enabled for access, and Meta asserts compliance with privacy rules, which could reassure regulators and stabilize user trust in AI messaging platforms.
OpenAI Says People Linked to China's Moonshot Tried to Copy Its AI's Hidden Reasoning
OpenAI reports it disrupted a coordinated effort involving more than 15,000 users, identifying a core cluster linked to Moonshot, the startup behind Kimi, that attempted to replicate its hidden‑reasoning AI techniques; the breach prompted immediate safeguards and highlighted vulnerabilities in proprietary model internals, underscoring heightened security scrutiny across the generative‑AI industry.
Live Updates: Bitcoin flat near $84,000 after closing out best quarter since 2024
Bitcoin holds steady around $84,000 after ending the strongest quarter since 2024, following an overnight surge. Traders note falling interest rates as the market anticipates tomorrow’s pivotal U.S. employment report, which could sway risk appetite. The price stability suggests continued institutional confidence, while any surprise in the jobs data may trigger volatility across the crypto sector.
Bitcoin ETFs’ 9-day, $3 billion inflow streak comes to an end as $149 million exits the funds
Bitcoin’s nine‑day, $3 billion inflow streak ends as $149 million exits spot Bitcoin ETFs, while U.S. spot Ethereum ETFs record $59.6 million net outflows, driven by $26.6 million leaving Fidelity’s FETH fund; the reversal signals waning short‑term appetite for crypto‑linked products, potentially dampening fresh capital inflows and pressuring fund performance.
Citi Lifts 12-Month Bitcoin Target to $113K, Ethereum to $3K
Citigroup raises its 12‑month Bitcoin price target to $113,000, up from $82,000, while projecting Ethereum at $3,000. The new Bitcoin forecast still sits roughly 10 % beneath the cryptocurrency’s October 2025 record high. Analysts cite institutional inflows and regulatory clarity as drivers, suggesting continued bullish momentum for digital‑asset markets in the.
Morning Minute: Crypto Gives Up on Congress and Goes After Senators
Crypto’s focus shifts from Congress to senators as lawmakers face heightened scrutiny, while a major MetaMask security breach rattles the community, exposing user wallets and prompting urgent calls for stronger safeguards; the incident fuels market anxiety, pressures DeFi platforms to tighten protocols, and could depress token prices as investors demand clearer risk mitigation.
Robinhood Wallet integrates Arcus RFQ system for stock token swaps
Robinhood Wallet now integrates Arcus’s RFQ routing system, enabling eligible users to swap stock tokens across more than 190 tokenized equities. The partnership expands liquidity sources, reduces slippage, and streamlines execution for tokenized stock trades. By broadening token access and improving pricing efficiency, Robinhood aims to attract higher trading volumes and strengthen its position in the emerging tokenized‑asset market.
Minecraft, Candy Crush Among 11 Games in EU Virtual Currency Crackdown
The European Union’s new “virtual currency” rules target eleven popular games, including Minecraft and Candy Crush, by classifying in‑game tokens bought with real money as regulated assets, while explicitly exempting cryptocurrencies; this distinction forces developers to redesign monetisation schemes, potentially raising compliance costs and prompting tighter scrutiny of digital‑economy revenue models across the gaming industry.
Stablecoins can drain from banks and nations at lightning speed
Stablecoins, being highly liquid and settling continuously, can withdraw funds from banks and entire nations within seconds, prompting concerns about rapid capital flight. Their 24/7 operability enables users to move large sums instantly, which some view as a systemic risk to traditional financial stability, while others see it as an innovative, efficient liquidity solution reshaping the market.
LATAM stablecoin liquidity may depend on few providers, investor says
Researchers in a Latin American stablecoin ecosystem report fragility in the system is concentrated in its thinnest layer, with just 16 of 494 companies focused primarily on wholesale liquidity, treasury and credit. The limited provider base raises risk of price disruptions and liquidity shortages for stablecoins across the region, potentially deterring investor confidence and slowing adoption in the crypto market.
Bitget’s $388M hack pushes Q3 crypto security losses past $1B
Bitget’s breach steals $388 million, driving Q3 crypto security losses to $1.26 billion across 247 incidents, with September alone accounting for roughly $769 million. The hack underscores escalating vulnerabilities as attackers target high‑value platforms, prompting investors to demand stronger safeguards. Consequently, market confidence wavers, pressuring token prices and accelerating demand for robust security solutions.
NEAR Intents halts services after $3.8 million exploit, promises full compensation
NEAR Intents halts deposits and withdrawals on eleven networks after a $3.8 million exploit, announcing a patched contract and a promise to fully compensate affected users. The breach forces immediate service suspension while the team audits security and processes reimbursements, highlighting heightened risk for cross‑chain DeFi protocols and prompting investors to scrutinize platform resilience.
The SEC Is finally modernizing transfer-agent rules. Wall Street must not repeat the ‘paperwork crisis’
The SEC is finally modernizing transfer‑agent rules, aiming to prevent a “paperwork crisis” as ownership data fragments across token wrappers, SPVs, broker ledgers and off‑chain databases, warns Fairmint’s Joris Delanoue; this regulatory update forces Wall Street to adopt unified digital record‑keeping, reducing compliance risk and supporting smoother tokenized securities market growth.
Cardano tapped by Brazil’s state oil giant to track cleaner jet fuel and diesel
Petrobras, Brazil’s state oil giant, taps Cardano’s blockchain to pilot two research projects that prevent double‑counting of emissions credits and trace jet‑fuel and diesel data from production through use, aiming for transparent carbon‑offset verification; the initiative showcases blockchain’s utility in energy compliance and could spur broader adoption across the global fuel‑tracking market.
FCA starts accepting crypto authorization applications ahead of 2027 regime
The FCA opens its crypto‑authorization window, allowing firms to apply now for registration before the new UK regime takes effect on 28 February 2027, and sets that date as the final deadline for compliance.
Could THORChain face prosecution over stolen Bitget funds? Legal opinion
THORChain cannot block the addresses tied to the $387.5 million Bitget hack, and a legal opinion from crypto lawyer Yuriy Brisov says prosecuting its developers for money‑laundering would be complex; the platform’s open‑source design limits control, raising questions about liability, while regulators may scrutinize similar cross‑chain protocols, potentially tightening compliance expectations across the industry.
Hyperliquid Co-founder Jeff Yan says 24-hour clock is not onchain finance’s true differentiator
Hyperliquid co‑founder Jeff Yan tells Korea Blockchain Week that 24‑hour trading isn’t on‑chain finance’s real edge, noting crypto’s inherently global nature makes fixed market hours irrelevant; he argues true differentiation lies in decentralised settlement, permissionless access and programmable liquidity. This perspective signals investors to value protocol‑level advantages over mere round‑the‑clock availability, shaping future market competition.
Clock's ticking: UK's crypto regulatory application window opens with February deadline
UK regulators open a five‑month application window for crypto firms, demanding submissions by February ahead of a new framework slated for October 2027; the timeline follows years of legislative work and aims to clarify licensing, consumer protection and AML rules, prompting firms to accelerate compliance strategies while investors anticipate clearer market guidance and potential capital inflows.
Bitcoin's soft-inflation pop to $85,500 fades as bond yields refuse to fall
Bitcoin briefly spikes above $85,000 after a cooler‑than‑expected PCE report, but the rally evaporates as Treasury yields linger near 2002 highs, keeping pressure on risk assets. The short‑lived pop highlights how sensitive Bitcoin’s price is to macro‑economic cues, and sustained high yields could continue to cap further upside in the cryptocurrency market.
Crypto hacks top $768M in September, worst month of 2026
September sees crypto hacks total $768 million, the worst month of 2026, driven by a $388 million Bitget breach and a $320 million Liquid Network exploit, though over $270 million of the latter was later returned. The wave of high‑profile attacks spikes security concerns, pressures investor confidence, and could depress token prices across affected platforms.
Dogecoin gets DeFi testnet as DogeOS bets miners will eventually secure its apps
Dogecoin launches a DeFi testnet under the DogeOS initiative, aiming to evolve DOGE beyond payments and speculation, yet the current applications depend on a handful of selected operators rather than the broader Dogecoin mining community; this reliance highlights scalability challenges, prompting investors to watch whether miner participation will eventually secure and expand the ecosystem’s utility.
Bitcoin think tank questions MSCI’s ‘invisible committee’ over Strategy, Metaplanet rule
A Bitcoin Policy Institute paper warns MSCI’s draft “non‑operating company” rule could strip Strategy and Metaplanet from its indexes, citing the rule’s likely origin in a prior crypto‑treasury review; the institute labels MSCI’s decision‑making process an “invisible committee.” If applied, the rule may force crypto‑focused funds to rebalance, pressuring prices and prompting broader industry calls for transparent governance.