📈BTC & BNB ATHs, ETF Staking Launches, Banks

Good afternoon — traditional finance is moving closer to crypto as Coinbase pursues a U.S. banking license and Morgan Stanley backs small crypto allocations for growth. Major players are launching new products, from Grayscale’s staked ETPs to MetaMask’s $30M rewards program, while regulators worldwide are shifting their stance with the UK lifting its crypto ETN ban and Switzerland probing FIFA’s blockchain ticketing. Meanwhile, Bitcoin and BNB hit new all-time highs, signaling renewed market momentum.

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News Roundup

Artificial Intelligence

• AI Hunger Striker Ends 30-Day Fast Outside Anthropic, Vows to Continue Advocacy (Decrypt)

• AI Image Editors Go Mainstream: Reve, Nano Banana, and Qwen Battle for the Top Spot (Decrypt)

• How to Use ChatGPT to Find Hidden Crypto Gems (Cointelegraph)

Decentralized, Centralized, & Traditional Finance

• Tether and Antalpha Aim to Raise $200 Million for Tokenized Gold Treasury Venture (The Block)

• Coinbase Seeks U.S. Banking License to Deepen Integration Between Crypto and Traditional Finance (Decrypt)

• Plasma Partners with Chainlink and Aave to Bolster DeFi and Stablecoin Infrastructure (The Defiant)

• Abracadabra Hit by $1.8M Exploit in Third Major DeFi Hack Since 2024 (The Block)

• DeFiLlama to Remove Aster Trading Data Amid Concerns of Volume Manipulation (Cointelegraph)

• Stripe CEO Says Stablecoins Will Force Banks to Share Deposit Yields (Cointelegraph)

• Morgan Stanley Endorses Small Crypto Allocations for Growth Portfolios (Cointelegraph)

• China Financial Leasing to Raise $11M for Crypto-AI Investment Platform (The Block)

• PancakeSwap Launches CakePad for Early Access to Token Sales (The Block)

• Galaxy Unveils GalaxyOne Platform With Crypto, Stocks, and 8% Yields for U.S. Users (The Block)

• Standard Chartered: $1 Trillion Could Flow From Emerging Market Banks to Stablecoins by 2028 (The Block)

• Jim Pallotta’s Family Office Anchors $200 Million Blockchain Bet (Bloomberg)

• Joseph Lubin: Consensys to Roll Out “Token-Powered Economies” Across MetaMask, Linea, and Infura (The Block)

• Ondo Finalizes Acquisition of SEC-Licensed Broker Oasis Pro to Expand Tokenized Securities Business (The Block)

Exchange-Traded Funds

• UK Lifts Ban on Crypto ETNs, Paving Way for Retail Access Amid ETF Holdout (Cointelegraph)

• On October 3, U.S. Bitcoin spot ETFs attracted $985 million in net inflows, while U.S. Ethereum spot ETFs added $234 million—both marking their fifth consecutive day of positive investor momentum.

• Bitwise Files Amended S-1 for Aptos ETF, Detailing Structure and Custody Framework (SEC)

• Defiance Files for 49 Triple-Leveraged Crypto and Tech ETFs Amid Rising Risk Appetite (Decrypt)

• Grayscale Launches First U.S. Spot Crypto ETPs With Staking (GlobeNewswire)

Infrastructure

• Voidify Partners with Tornado Cash to Bring Advanced Privacy to Solana (X)

• ‘Sell Shovels’: mNAV Builds Dashboards for Bitcoin Treasury Firms (Decrypt)

• Vitalik Buterin and Xiao Feng Discuss the Future of Ethereum, Low-Risk DeFi, and ZKID Innovation (Wu Blockchain)

• Bee Maps Raises $32M to Expand Solana-Powered Decentralized Mapping Network (CoinDesk)

Markets

• Aster Token Falls 10% After DeFiLlama Flags Possible Wash Trading (The Block)

• Bitcoin Hits $125K as Exchange Balances Sink to Six-Year Low (Cointelegraph)

• Crypto Exchange Spot Volumes Slip to $1.67 Trillion in September, Lowest Since June (The Block)

• BNB continues to break its ATH, hitting $1,237.97 (CoinGecko)

• Crypto Funds Record Historic $6B Weekly Inflows Amid Market Rally (The Block)

• Layer-1 Tokens Lead Altcoin Rally as Q4 Kicks Off Strong (Decrypt)

• Plume Surges 25% After SEC Approval as Registered Transfer Agent for Tokenized Securities (CoinDesk)

• GLXY Rises 8% as Galaxy Digital Unveils GalaxyOne Retail Platform (The Defiant)

• Bitcoin breaks it’s ATH, hitting $126,163 (CoinGecko)

• Binance to List Aster (ASTER) With Seed Tag Applied (Binance)

• Over $555M in Token Unlocks Coming This Week (Tokenomist)

Politics

• Sanctioned Rouble-Backed Token Sparks Controversy as It Sponsors TOKEN2049 in Singapore (Reuters)

• Mike Selig Emerges as Frontrunner for CFTC Chair, Backed by Crypto Industry (DL News)

• Hong Kong’s SFC Chief Julia Leung Poised for New 3-Year Term (Bloomberg)

• Vietnam Limits Crypto Pilot to Five Licensed Exchanges (Decrypt)

• FIFA’s Blockchain Ticketing Under Swiss Regulatory Probe (Decrypt)

Treasuries

• WLFI Clarifies Token Transfer to Hut8 as Treasury Sale, Not New Issuance (X)

• VanEck Flags $135B DAT Growth and ETH Dilution Risks Ahead of Fusaka Upgrade (VanEck)

• Tom Lee’s BitMine Expands Ethereum Holdings to 2.83M ETH (Decrypt)

• Strategy Reports $3.9B Q3 Bitcoin Gains, Pauses Weekly Buys for First Time Since April (CoinDesk)

Venture Capital

• Why Venture Capital Is Flooding Back Into Perpetual DEXs (The Block)

Other News

• Top Crypto Exchanges Launch Massive Hiring Spree as Industry Rebounds (DL News)

• SBF Blames FTX Collapse on Handing Over Control (MotherJones)

• Fed Flying Blind as Shutdown Delays Jobs Report (Bloomberg)

• Treasury Weighs Trump $1 Coin to Mark America’s 250th Anniversary Despite Legal Hurdles (USA Today)

• ICE Tracking App Creator Plans Legal Fight After Apple and Google Remove Apps Under Federal Pressure (Decrypt)

• MetaMask to Launch $30M LINEA Rewards Program Ahead of MASK Token Rollout (The Block)

• Trader Turns $3K Into $2M After CZ’s Post Sends “4” Memecoin Skyrocketing (Cointelegraph)

• Global Aging and Rising Wealth Projected to Drive Crypto Demand Through 2100 (Cointelegraph)

• MetaMask to Launch “Ways to Earn” Rewards Program (GitHub)

Check This Out

According to Cointelegraph, Telegram has reached 500 million daily active users, making it the fifth-largest social media platform globally by engagement.

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