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Canary Capital has filed an amended S-1 registration statement with the U.S. SEC to launch a staking SEI spot ETF, Cointelegraph reported. The proposed ETF would directly hold spot SEI and stake about 90% of its holdings to earn rewards. BitGo was named the sole custodian.

Polygon Labs has integrated the Tron network into its Open Money Stack stablecoin payments infrastructure, enabling remittance, fintech and payments firms to disburse Tron-based USDT through bank transfers, cards or cash, according to CoinDesk. The integration also lets users convert the tokens into bank account deposits and transfer USDT between Tron and EVM networks without connecting separate wallets, bridges or fiat on-ramp providers.

Digital assets are being integrated into the mainstream financial system regardless of whether the U.S. Congress passes legislation, BitGo CEO Mike Belshe said at Token2049 in Singapore, according to Crypto Briefing. Belshe added institutional crypto adoption is moving faster than regulatory legislation. BitGo is also expanding its business in the Asia-Pacific region.

U.S. House Financial Services Committee Chairman French Hill said regulators are moving to address digital-asset issues, but their actions are not enough. In an interview with Fox Business, Hill said the U.S. SEC and CFTC have proposed rulemakings covering various aspects of crypto regulatory oversight and enforcement, but those efforts fall short of the Clarity Act. Hill added the two agencies’ responses remain inadequate and said Hill still hopes the Clarity Act can pass before the next congressional session in 2027, stressing that permanent legislative changes are needed for the United States to maintain its lead in crypto and blockchain technology.

Ethereum Foundation researcher Justin Drake warned the cryptocurrency industry should start planning for a "bunker mode" response, as AI-driven recovery of private keys from ECDSA public keys could become possible within months rather than years, according to The Block. Drake recommended gradually moving assets to new addresses that have never signed a transaction, so the public key remains hidden behind its hash and is not exposed. He also stressed there was no need to rush, adding that poorly organized asset transfers could cause even greater losses.

HyperLabs, the developer behind Hyperliquid, completed the withdrawal of 3.75 million HYPE worth about $332 million two minutes ago after applying to unstake the tokens seven days earlier, according to on-chain analyst EmberCN.

Coinbase announced the addition of PONS spot trading today.

A U.S. government address transferred 750.2 WBTC, worth about $62.34 million, to Coinbase Prime 15 minutes ago, according to on-chain analyst EmberCN. The address moved a total of about $165 million in assets out over the past 24 hours. Of that, 1,583.8 BTC, worth about $134 million, was transferred to Coinbase Prime, EmberCN said.

Hunter Biden, the son of former U.S. President Joe Biden, blamed a market maker for sharp price swings in the LAPTOP token immediately after its launch, The Block reported. LAPTOP surged from $0.05 to $317 at launch and then plunged 98% within an hour. According to a report commissioned by the project team, tokens allocated to the founder were not moved at the time. Biden also said he would not leave the project and plans to remain involved.

Injective said on X it has fully revamped its white paper for the first time since 2018. The new paper defines Injective as a layer-one blockchain for institutional-grade finance and tokenization, highlighting native real-world asset tokenization, an onchain order book, settlement based on roughly 600 millisecond blocks, EVM and WASM integration, and perpetual futures. It also includes an "agentic finance" framework in which AI agents manage tokenized assets and carry out machine-to-machine payments in USDC.

Uniswap said on X it now supports trading in U.S. and South Korean stock tokens issued by Stove Finance on the Arbitrum network. The tokens can be traded in the Uniswap app via UniswapX. Stove Finance provides infrastructure to bring global securities on-chain and plans to expand support to additional markets beyond the initial U.S. and South Korean stock offerings.

BitGo Bank & Trust is supporting ETH staking through Lido for eligible U.S. clients, according to Crypto Briefing. Clients can stake ETH from their existing BitGo accounts and receive and manage stETH, while BitGo said it is the first qualified custodian in the United States to offer ETH staking through Lido.

Bloomberg ETF analyst Eric Balchunas said on X that “Both Sides of the Coin,” a cryptocurrency investing book he co-authored with colleague James Seyffart, will be released on Nov. 10. Balchunas described it as a guide to crypto as an asset class in the middle ground between rapidly converging traditional finance, or TradFi, and decentralized finance, or DeFi. According to Amazon’s website, the book covers topics including the FTX collapse and the launch of Bitcoin ETFs. It also explains how to invest in crypto through ETFs, Bitcoin’s characteristics, whether BTC fits a traditional investment portfolio, and whether it can compete with gold as a store of value.

Taiwanese singer Jeffrey Huang’s 39,025 ETH long position, worth about $99.8 million, has moved closer to liquidation as the market declines. The position’s liquidation price is $2,501.38.

Solana has launched a batched settlement feature based on the x402 payment standard with PayAI Network and BlockRunAI, Blockchain.com reported. x402 is a payment standard that lets AI agents or applications automatically pay in cryptocurrency when using digital services such as APIs, data, and AI models. With the feature, AI agents can open a payment channel in USDC, process individual payments off-chain, and settle multiple payments in a single on-chain transaction.

U.S. safety products company Universal Safety Products said it will change its name to DeFi Capital Markets on Oct. 19 and shift its focus to cryptocurrency-related businesses. On the same day, its NYSE American ticker will change from UUU to DCM. The company said it has been developing real-world and financial asset tokenization technology through a subsidiary and tokenized silver as its first project. It plans to expand into providing tokenization technology, investing in cryptocurrencies and tokenized assets, and running quantitative trading and market-making businesses.

Strive’s asset management division surpassed $3 billion in assets under management for the first time on Oct. 6, CEO Matt Cole said. In a post on X, Cole added, "7일 오전 기준 대차대조표상 공시된 Strive의 BTC 보유액은 24억6000만달러다. 곧 AUM과 BTC 보유액 모두 30억달러를 넘어설 것".

According to CoinNess market monitoring, BTC has fallen below $83,000. BTC is trading at $82,908.91 on the Binance USDT market.

The three major U.S. stock indices opened lower today. - S&P 500: -0.42% - Nasdaq: -0.62% - Dow Jones: -0.63%

An anonymous whale bought 1,470.94 ETH about three hours ago, according to on-chain analyst ai_9684xtpa. The purchase was worth $3.803 million, with an average entry price of $2,582.

Global credit ratings agency Moody’s assigned a B3 credit rating to DeFi protocol Sky (SKY), formerly MakerDAO, marking a speculative-grade rating with high credit risk. Moody’s said Sky manages about $10 billion to $11 billion in assets, while its equity capital and reserves total only about $90 million, putting the ratio at under 1% of assets under management. Most of Sky’s managed assets are used to support the stablecoins USDS and DAI. The rating also marks Moody’s first credit assessment of a stablecoin protocol.

Bitcoin’s recent move back above $85,000 appears closer to a light rally than a true upside run, with trading volume and new capital still lacking, according to Glassnode’s weekly on-chain report. The report said BTC’s latest rebound was not accompanied by volume. When Bitcoin reclaimed $85,000, average daily volume across spot exchanges and U.S. spot ETF inflows combined was about $6.8 billion, lower than more than 90% of trading days since 2024. Glassnode added that the Oct. 4 daily candle closed above $85,000, but volume was only about half the average Sunday level, indicating price rose without clear evidence of stronger buying pressure. Glassnode also said the nearest large liquidation cluster is stacked in the $81,700-$83,300 range, while the largest buy wall on Binance’s order book sits at $81,000-$81,250. On the upside, a sizable sell wall has been seen at $86,500-$86,750. If Bitcoin closes steadily above $85,500, that would show the breakout is backed by real support and could bring it closer to short liquidations concentrated around $92,000, the report said. If the buy wall around $81,000 breaks instead, downside liquidations could accelerate.

Eric Trump, the second son of President Donald Trump, said AI investment is likely to be the fastest driver of growth in the crypto market, according to Crypto Briefing. At the Token2049 event in Singapore on Oct. 7, Trump said capital had shifted into AI over the past year, putting downward pressure on crypto prices including BTC, but recent price rebounds were drawing funds back into crypto. Trump also said future AI agents could trade directly through crypto wallets on behalf of users without going through traditional fiat payment networks, and urged the crypto industry to embrace AI technology more aggressively.

BitMEX co-founder Arthur Hayes said excessive investment in AI data centers will eventually lead to a market collapse and a bailout, with the resulting liquidity likely to lift cryptocurrency prices, CNBC reported. He said major new technologies have historically triggered overinvestment, followed by a crash and a bailout. Hayes added that Bitcoin and other cryptocurrencies can now absorb that excess liquidity, meaning crypto could deliver the strongest performance once a bailout begins. He also said companies driving computing demand, including SpaceX, OpenAI and Anthropic, are not making money, and infrastructure providers could begin demanding payment for contracted computing capacity around late 2027 to 2028, when a large wave of data centers now under construction is completed.

Crypto trading and market-making firm GSR plans to work with liquidity platform Turtle on an onchain vault business called Hare, with up to $100 million set to be deployed, CoinDesk reported. Most of GSR’s funding is expected to be provided as credit and used as initial liquidity in Hare vaults. Hare initially plans to offer Hare USD Earn, which pays interest on deposits of major dollar-pegged stablecoins through the Aave lending protocol, and Hare Gold Earn, which uses Paxos’ tokenized gold products PAXG and PAXGy.