Today's Crypto Assets market is once again in the spotlight, with several important events attracting follow.

The U.S. Securities and Exchange Commission (SEC) has requested that multiple Crypto Assets ETF issuers, including Litecoin (LTC) and Ripple (XRP), withdraw their 19b-4 filings, which are related to the newly passed general listing standards. Meanwhile, the market cap of stablecoins approaches the $300 billion mark, indicating that the boundaries between traditional finance and decentralized finance (DeFi) are gradually blurring.

From a technical perspective, the current trading price of Ethereum is 8.61% lower than the expected price on October 4, 2025. It is noteworthy that DoubleZero received a no-action letter from the SEC, which determined that its 2Z programmatic distribution does not need to be registered as a security, providing important reference for similar projects.

In terms of personnel changes, the Algorand Foundation has appointed former Ripple engineer Nikolaos Bougalis as Chief Technology Officer, injecting new technological vitality into the project.

In the infrastructure sector, Binance has launched the "CaaS Encryption as a Service" solution aimed at traditional financial institutions, designed to lower the barrier to entry into the Crypto Assets market. Meanwhile, the Turkish government is considering authorizing regulatory bodies to freeze bank and Crypto Assets accounts, raising concerns about the security of user assets.

The government of the Kingdom of Bhutan transferred 2011.23 coins (approximately $229.69 million) to a new wallet, demonstrating a national entity's ongoing follow of crypto assets. On the market side, the price of Bitcoin surpassed $113,000, setting a new record.

Kazakhstan has launched a national-level encryption reserve fund and made its first investment in BNB, demonstrating the government's positive attitude towards Crypto Assets. However, the US SEC has suspended stock trading for the crypto treasury company QMMM, stating that its stock price has been manipulated by social media.

In the payment field, Citibank has integrated its blockchain platform with the US dollar clearing system to provide interbank instant cross-border payment services, demonstrating the recognition of blockchain technology by traditional financial institutions.

The CEO of Coinbase warns users that banks may cancel Crypto Assets rewards, reflecting the ongoing competition between traditional finance and the encryption industry. Meanwhile, BlackRock's Bitcoin ETF (IBIT) surpasses Deribit to become the world's largest Bitcoin options trading venue, demonstrating strong interest from institutional investors in Crypto Assets.

Finally, Coinbase announced that it will launch SUI futures trading on October 20, providing investors with more trading options.

These events together depict a rapidly changing Crypto Assets ecosystem, covering aspects of regulation, innovation, infrastructure, and markets, reflecting the vigorous development of the industry and the challenges it faces.