Good afternoon — the headlines are headlining as Trump proposes $1K-$2K stimulus checks funded by tariffs and the stablecoin market cap hits a record $300B. BNB surges past $1,100 on ETF speculation, Samsung opens Coinbase access to 75M Galaxy users, and Yuga Labs scores a legal win as Bored Ape NFTs are ruled not securities. Meanwhile, VanEck eyes a staked Lido ETH ETF, crypto approvals stall amid the U.S. government shutdown, and New York targets miners with a proposed excise tax.
That’s not all the news though! Dive into the rest below. 👇
News Roundup
Artificial Intelligence
OpenAI's Sora 2 Deletion Permanently Erases ChatGPT Data (Decrypt)
OpenAI Becomes World’s Most Valuable Private Company at $500B (Bloomberg)
How to Use Grok 4 to Research Crypto Coins Smarter (Cointelegraph)
AI Hasn’t Killed Jobs—Yet, Says Yale Study (Yale)
Decentralized, Centralized, & Traditional Finance
Exchange-Traded Funds
VanEck Eyes Lido Staked Ethereum ETF Filing (Delaware State)
U.S. spot Bitcoin ETFs saw $627M in net inflows on October 2, extending their streak to four consecutive days.
U.S. spot Ethereum ETFs also posted four straight days of inflows, totaling $307M.
SEC Silence Leaves Canary Litecoin ETF in Limbo Amid Shutdown (Cointelegraph)
Bitcoin ETF Inflows Hit $2.25B as ‘Uptober’ Momentum Builds (The Block)
Crypto ETF Approvals Paused by U.S. Government Shutdown (Crypto In America)
Infrastructure
Unity Android Flaw Puts Crypto Wallets at Risk—Here’s How to Stay Safe (Cointelegraph)
ECB Selects Tech Partners to Develop Digital Euro Infrastructure (ECB)
XRP Ledger Powers Japan Tourism Payments; Grab Integrates USDC and USDT (Cointelegraph)
OKX Reveals X Layer Roadmap with Stablecoin, Protocol Integrations, and $100M Vision Fund (X)
Samsung Wallet Enables Coinbase Access for 75M Galaxy Users (CoinDesk)
1inch Rebrands as Coinbase Integrates Swap API (Decrypt)
Markets
BNB Hits All-Time High Above $1,114 on Short Squeeze, Fee Cuts, and ETF Speculation (Decrypt)
Meme Coins
Melania Trump’s Meme Coin Spikes After Promo, Still Down 99% (Decrypt)
Mining
CleanSpark & Riot Boost Bitcoin Mining Holdings in September (The Block)
Non-Fungible Tokens
Politics
Treasuries
Australian Firm Fitell Buys 216M PUMP Tokens, Deepens Solana Bet (GlobeNewswire)
Marathon Digital’s Bitcoin Holdings Total 52,850 BTC (The Block)
Venture Capital
Crypto Fundraising Hits $3.3B in September as Major Players Join In (DL News)
Other News
Trump Jr. Slams Media, Compares Deplatforming to Crypto Debanking (Decrypt)
Key Takeaways from the 166th Ethereum Consensus Layer Core Developers Meeting - ACDC (Ethereum Magicians)
Ripple Funds $1.3M Berkeley Center for Digital Assets (UC Berkeley)
India Flags 25 Offshore Crypto Exchanges for AML Violations (PIB)
How to Spot Whale Accumulation Before the Crowd (Cointelegraph)
Binance Launches Morpho (MORPHO) on HODLer Airdrops (Binance)
The Hidden Driver Behind Bitcoin & Ether Swings: Options Expiry (Cointelegraph)
Trump Floats $2K Stimulus Checks From Tariff Revenues (Newsweek)
UK Pressures Apple for iCloud Backdoor, Raising Crypto Security Fears (Cointelegraph)
U.S. Services Growth Slows, ISM Services PMI Falls to 50 (ISM)
Alleged Crypto Scammer Behind $580M Heist Nabbed in Bangkok (Decrypt)
Ethereum Foundation to Sell 1,000 ETH via TWAP for Stablecoin Conversion (X)
Check This Out
The crypto market added over $400 billion in value this week, pushing total market capitalization to $4.07 trillion. The surge reflects growing investor optimism across major digital assets.
Source: TradingView
Meme of the Day
Source: The Coin Weekly
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