SEC Proposes Easing Crypto Custody Rules for Advisers

The US securities regulator has proposed easing rules governing how investment advisers and funds hold crypto, potentially clearing a regulatory hurdle that has held some businesses back from offering clients digital asset investments.  The proposal, published on Thursday, would let investment advisers hold clients’ crypto assets themselves when no eligible crypto custodian is available, with…

Bitcoin ETFs draw $6.3B in Q3 as BTC price rises nearly 43%

Bitcoin gained 42.71% in Q3, its best third-quarter performance since 2017, as US spot ETFs attracted $6.34 billion in net inflows. Source link

Petrobras Tests Cardano for Renewable Fuel Traceability

Brazilian state-controlled oil company Petrobras has developed two blockchain applications using Cardano to track sustainability data for sustainable aviation fuel (SAF) and its Diesel R renewable fuel. According to a Wednesday announcement from the Cardano Foundation, the first application, developed with PUC-Rio’s Ledger Labs, tokenizes environmental attributes associated with SAF into digital tokens designed to prevent…

European Crypto Advocates Challenge MiCA Stablecoin Rules

More than 50,000 Europeans have urged the European Commission to loosen restrictions on stablecoin rewards as part of its review of the bloc’s Markets in Crypto-Assets (MiCA) framework, according to crypto advocacy group Stand With Crypto EU. The campaign came as the Commission closed its MiCA review consultation on Wednesday, with Stand With Crypto EU…

Another Trump memecoin dinner advertised for token’s top investors

That had been a point of disappointment for some participants in past events: While Trump briefly appeared, they didn’t get a chance to meet him. Since his memecoin’s launch in the days before he took office again, investors have lost billions of dollars, and those losses have occupied the spotlight during the recent debates over…

Bitcoin Liquidity Thickens at $84,000 as US Bond Yields Cool

Bitcoin (BTC) pushed above $84,000 around Thursday’s Wall Street open as US bond yields retreated after setting more multidecade highs. Key points: BTC price action seeks to cement higher lows around the first October US trading session, with $84,000 in focus. US bond yields fall at the Wall Street open after the 10-year yield hit…

Tokenized RWA Market Tops $34B as Trading Patterns Shift

Tokenized markets show different trading and investment patterns from traditional markets, according to a new Dune report comparing onchain and off-chain activity across equities, credit, commodities and cash-equivalent products. Dune found the difference pronounced in equities, where single stocks accounted for 81% of tokenized equity spot supply while exchange-traded funds (ETFs) made up 19%. Armand…

Stablecoins Can Drain From Banks And Nations At Lightning Speed

Anyone who’s ever sent a bank transfer overseas is familiar with the painful process of waiting for things like working hours, correspondent banks and settlement times. In many cases, it would be faster, cheaper and just more efficient to strap the physical cash to a homing pigeon, or slap it in an envelope and send…

Bitcoin Trapped Below $86K as PCE Changes Cloud Inflation Reading

Bitcoin (BTC) held above $83,000 on Thursday after giving back gains following lower-than-expected US inflation data. Key points: Bitcoin remained rangebound after its latest rally stalled at $85,600. US PCE inflation data came in lower than expected at 3.4% year-on-year, but methodology changes complicated the reading. BTC-denominated open interest fell almost 20% while its price…

Celsius Lawsuit Against Chainalysis Narrows as One Claim Survives

A US federal judge has dismissed most claims brought against Chainalysis by Celsius Network’s litigation administrator, but allowed one to proceed. The surviving claim alleges Chainalysis helped Celsius insiders breach their fiduciary duties. US District Judge Margaret Garnett denied Chainalysis’ bid to dismiss the aiding-and-abetting claim in a ruling issued Tuesday. She found that the…