💸 Stimulus, Stablecoins, $BNB ATH, and Yuga Labs Win

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

• Hyperliquid Remains Strongest Perp DEX Despite Volume Drop, Per Patrick Scott (X)

• Stablecoin Market Cap Hits Historic $300B Milestone (DeFiLlama)

• Nomura’s Crypto Push: Laser Aims for Institutional Trading License in Japan (Bloomberg)

• Walmart-Backed OnePay Adds Crypto to Banking App (CNBC)

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

• Moonbirds to Launch BIRB Token on Solana Amid NFT Revival (Decrypt)

• Strategy’s Bitcoin Holdings Hit Record $77.4B NAV as BTC Returns to $120K (X)

• Court Rules Bored Ape NFTs Are Not Securities in Landmark Win for Yuga Labs (Decrypt)

Politics

• NY Lawmakers Propose Excise Tax on Crypto Mining to Ease Utility Costs (NY Senate)

• White House Eyes New CFTC Chair, Weighs Multiple Commissioner Picks (CoinDesk)

• EU Risk Watchdog Sounds Alarm on Cross-Border Stablecoin Risks (Decrypt)

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.

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