ESMA proposes ending EU custody and transfer services for non-compliant stablecoins

ESMA proposes ending EU custody and transfer services for non-compliant stablecoins
The European Securities and Markets Authority wants to extend Europe’s restrictions on non-compliant stablecoins beyond trading to the services that let customers keep and move them. If adopted as proposed, the change would remove the option of leaving such tokens with a licensed custodian after their trading pairs disappear. In its September 30, 2026 response … Read more

Plunging GPU prices threaten AI hosts, and new hedges step in

Plunging GPU prices threaten AI hosts, and new hedges step in
Companies building AI applications can rent powerful computers instead of buying the equipment themselves, paying for access to the graphics processing units, or GPUs, that run their software. Lower rental prices make those applications cheaper to operate, but they can also make life harder for the company that bought the machines and needs the rent … Read more

Coinbase completes Deribit switch, ending International Exchange trading

Coinbase completes Deribit switch, ending International Exchange trading
Coinbase completed the migration of Coinbase International Exchange to Deribit on Oct. 1, ending trading on its former international venue. The old exchange is now read-only, with its trading activity moved to Deribit. Coinbase’s migration status report marked maintenance complete at 10:02 UTC on Oct. 1, 2026. For affected institutional clients, the switch makes new … Read more

New SEC crypto rules threaten small advisers, but big firms win

New SEC crypto rules threaten small advisers, but big firms win
The US Securities and Exchange Commission’s proposed crypto custody fallback could broaden investment choices while making them easier for larger advisers to offer. The agency’s economic analysis says the expense of safeguarding assets and arranging independent oversight may lead smaller firms to decline to offer the service. Approved on Oct. 1, the proposal would let … Read more

Cardano’s DeFi has shrunk by more than half and RealFi is betting credit can revive it

Cardano’s DeFi has shrunk by more than half and RealFi is betting credit can revive it
Cardano’s “bank the unbanked” push went live with RealFi, putting real-world credit behind a new dollar-token system. On Oct. 1, RealFi launched USDrf and its yield-bearing counterpart, sUSDrf, on Cardano, moving a project Cardano’s founder Charles Hoskinson has spent years describing as a bridge between blockchain finance and lending in emerging markets into production. Eligible … Read more

US targets $17 billion Russia-linked crypto payment network using USDT as an escape route

US targets $17 billion Russia-linked crypto payment network using USDT as an escape route
The US sanctioned the Russia-linked A7 Network and proposed new restrictions to cut its crypto intermediaries off from global markets. On Oct. 1, the Treasury Department designated A7 as a significant transnational criminal organization, extending blocking sanctions beyond individual companies previously targeted by Washington to the broader payment network. FinCEN simultaneously proposed barring covered financial … Read more

Wall Street arrived in NEAR just as a $4 billion-a-month app got hacked

Wall Street arrived in NEAR just as a $4 billion-a-month app got hacked
NEAR’s new US ETF is facing its first stress test days after launch as a $3.8 million ecosystem exploit hit the token. NEAR fell about 10% to $4.86 after NEAR Intents disclosed a security incident involving its Omni deposit-and-withdrawal infrastructure. The selloff came less than two days after Bitwise opened the token to US exchange-traded … Read more

Bitcoin enters its best season after a 43% surge, with $147,000 suddenly on the math

Bitcoin enters its best season after a 43% surge, with $147,000 suddenly on the math
Bitcoin is closing its strongest quarter since 2024 after leaving US stocks and gold far behind despite surging bond yields. The largest digital asset has gained about 43% in the third quarter, putting it on course for its second-best third-quarter since 2013 and its third-strongest quarterly advance since US spot Bitcoin exchange-traded funds began trading … Read more

Kalshi’s $40 billion growth story hits tough questions about its trading volume

Kalshi’s $40 billion growth story hits tough questions about its trading volume
Kalshi is ending a trader-volume incentive program nearly a year early as scrutiny of activity in its crypto markets intensifies. The prediction-market operator told the Commodity Futures Trading Commission (CFTC) that its Volume Incentive Program will terminate no earlier than Oct. 13, according to a Sept. 28 filing. The program had previously been scheduled to … Read more