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U.S. stocks closed higher on Wednesday, with technology shares strengthening, Dell surging, and oil prices stabilizing. U.S. Treasury yields approached 5%, and global stock markets may face a 5%-8% correction. Trump said the strikes on Iran would end soon and that the Strait of Hormuz would be renamed the Trump Strait. The former British prime minister warned that failure to control debt would force emergency spending cuts. The Beige Book said the U.S. economy grew moderately, with AI and data centers serving as key supports. Tron’s USDT supply surpassed Ethereum’s for the first time. Broadcom’s Q3 results exceeded expectations, and its AI revenue guidance was raised. Robinhood Chain generated $3.75 million in daily fees, exceeding the combined total of Solana, ETH, and Base.

The SEC has proposed a new regulatory framework governing the custody of crypto assets by investment advisers and regulated funds, providing a compliant path for holding digital assets and addressing the lack of qualified custodial infrastructure for certain assets. In limited circumstances, it would permit self-custody and authorize state-chartered trust companies to provide custodial services, which is particularly important for institutional investors seeking to hold assets such as Bitcoin directly. It would also allow investment advisers to self-custody client assets under certain conditions, while clarifying that such self-custody constitutes custody through an agent rather than control by the investor.

ME News reported on October 2 (UTC+8) that a Fox Business crypto reporter posted on X that a self-custody proposal focused on bankruptcy protection would require registered investment advisers to sign written agreements with clients, clarifying that crypto assets self-custodied by the advisers would be treated as financial assets under Article 8 of the Uniform Commercial Code. The move may be intended to reduce the risk of clients losing their crypto assets if the advisers become insolvent. (Source: ODAILY)

ME News, October 2 (UTC+8) — Self-custody must meet conditions including the adviser having expertise in crypto custody and no qualified third-party custodian being available, and must be reevaluated quarterly. The proposal will open a 60-day public comment period after publication in the Federal Register. SEC Chair Paul Atkins said the proposal would provide investment advisers and funds with "a compliance path that did not previously exist." (Source: PANews)

ME News, October 2 (UTC+8) — Russian President Vladimir Putin said that if Kaliningrad were directly attacked, Russia would consider using all weapons at its disposal. Putin said the recent warning from Russia’s Foreign Ministry was a response to pressure from the West. NATO responded that Russia’s “irresponsible nuclear rhetoric” was unacceptable and that it would continue to defend the territory of its allies. (Source: ChainCatcher)

ME News, October 2 (UTC+8) — Michelle Bowman, the Federal Reserve’s vice chair for supervision, said Thursday, “I do not currently see an urgent need to take further action.” Bowman said Federal Reserve officials should take some time to understand current economic trends and the impact of the September rate hike on the economy before deciding whether to make further policy adjustments. She said, “Inflation is still above our target. What we need is a better understanding of the trend.” (Source: Jin10)

Block announces the launch of its first consumer advertising campaign for Bitcoin, with the slogan “Some things don't make sense. Bitcoin does.” The ads depict scenes such as the rising cost of living and Wall Street bankers receiving government bailouts. They will run on YouTube, X, Meta, Instagram, and Fox Sports through December 31, with some airing before movie screenings in select theaters. Cash App supports buying and selling Bitcoin, Square accepts payments through the Lightning Network, and last year it launched a Bitcoin miner with replaceable components to reduce maintenance costs.

ME News reported on October 2 (UTC+8) that Phantom Wallet now supports BNB Chain. Users can start trading after updating to the latest version. The integration supports viewing BNB Chain asset balances, sending and receiving tokens, and in-app swaps. Phantom previously integrated Robinhood Chain and subsequently stopped supporting Monad and

ME News reported that $TRUMP will hold its third dinner on November 22 at Trump’s National Private Club in Washington. The first 185 registered investors will be invited, and VIP eligibility will be locked in on November 12. It is billed as the world’s most exclusive event, with no private meetings arranged onsite. VIPs will receive a poster and perfume. Following the news, the stock briefly rose to $2.25, still far below its $74 high. Since its launch, investors have lost billions of dollars. Related controversy has entered discussions on a Senate bill, while a provision proposed by Democrats to restrict senior officials’ involvement in digital assets failed to pass.

ME News reported on October 2 (UTC+8) that new cryptocurrency ATM operator refund regulations in Alabama took effect on October 1. Eligible new users may receive full refunds of the transaction amount and fees, while existing users may receive refunds of half the transaction amount and the fees.
New user eligibility covers the first cryptocurrency ATM transaction and the subsequent 30 days. Within 60 calendar days after a disputed payment, users must notify the operator, law enforcement authorities, and the Alabama Securities Commission (ASC), and submit a fraud report.
New users face daily and monthly transaction limits of $1,000 and $10,000, respectively, while existing users face a daily limit of $10,500. Operators must also disclose fee information, cryptocurrency and U.S. dollar amounts, and exchange rate information. Operators headquartered in the United States must provide 24/7 toll-free customer service within the United States.
Federal Bureau of Investigation (FBI) records show that

ME News reported on October 2 that a wallet dormant since May 2011 transferred 20.43 BTC, worth approximately $1.7 million, ending 15.4 years of inactivity. Arkham said the BTC came from Braiins (Slush Pool) reward payouts. The wallet received funds on May 1 and 8, 2011, and they have now been transferred to a SegWit address. The transaction fee was less than $1, and the funds have not yet reached a known exchange. Earlier transfers were labeled as being associated with Mt. Gox and Silk Road. The Mt. Gox trustee still holds approximately 345,000 BTC, and the deadline for creditors to file claims is October 31, 2026.

ME News, October 2 (UTC+8) — According to an Arcus statement obtained by The Block, Robinhood Wallet has integrated the Arcus API. Users in eligible regions can access spot trading liquidity and execution services for stock tokens through the wallet. Arcus has become one of several trading routing providers for the wallet, supporting more than 190 stock tokens through an RFQ model featuring competing quotes from professional market makers. It plans to offer limit orders through the wallet’s built-in dApp browser. (Source: PANews)

Federal Reserve Vice Chair Jefferson said the risk that inflation remains too high and elevated persists, but more time is needed to determine whether to raise interest rates further. Future policy adjustments will be based on a combination of data trends, the economic outlook, and the balance of risks. The U.S. economy and labor market remain resilient, but shocks such as rising energy prices, the AI investment boom, and tariffs are affecting the economy, and policymakers cannot view these factors in isolation. Since the September meeting, U.S. Treasury yields have risen as investors reassess the macroeconomic landscape. As more data becomes available, the Federal Reserve will continue to assess whether inflation can fall rapidly back to its target and what monetary policy stance is most appropriate.

Bitcoin Core contributor Peter Todd has joined the MARA Foundation as the lead maintainer of Slipstream. Slipstream is MARA’s private Bitcoin mempool, where transactions can be sent directly to MARA Pool and kept private until confirmation, helping conceal information. It attracted attention following the Coldcard vulnerability incident. Todd has a background in BIP125 and OpenTimestamps and advocates for mempool policies to adapt to market demand rather than restrict users’ ability to use Bitcoin.

ME News, October 2 (UTC+8) — According to Raydium, citing data from Blockworks, the monthly trading volume of tokenized stocks on Raydium rose to approximately $2.8 billion in September, reaching an all-time high and marking a substantial increase from the approximately $500 million in trading volume recorded in August. Raydium said September was a strong month for trading tokenized stocks on its platform. (Source: PANews)

A new report from the Congressional Research Service states that since 2017, federal regulators have repeatedly changed their stance on banks’ involvement in crypto businesses due to changes in administration. The report recommends reducing uncertainty through legislation that clearly permits or restricts such activities. It also mentions the CLARITY Act: the House version allows banks to use digital assets and blockchain within the scope permitted by existing law, while the Senate version explicitly authorizes 11 categories of crypto activities, including broader underwriting and trading of digital assets.

ME News, October 2 (UTC+8) — According to CoinMarketCap market data, BTC has broken above $85,000 and is currently quoted at $85,023, up 1.0% over the past 24 hours. (Source: CoinMarketCap)

ME News reported on October 2 (UTC+8) that Alana Levin, an investment partner at Variant Fund, said in her fourth-quarter 2026 market thoughts that the bottom of the crypto market most likely occurred at some point in July. In early July, she wrote that the bottom appeared to be near, when Bitcoin was at $59,000, Ethereum was at $1,600, and ZEC was at $420. She said the question had shifted to whether the bull market had truly begun or whether this was a false rally, as well as which projects would benefit the most in the early stages of the bull market, assuming that the market is in the early stages of a new crypto bull market. Levin said an increasingly widespread consensus is that marginal capital is most likely to flow into protocols that serve as stores of value in the form of money, as well as protocols capable of generating revenue. She believes Bitcoin is currently the dominant digital store-of-value asset, while other competing assets may be valued according to their market capitalization as a share of Bitcoin’s market capitalization.

Castle Securities’ Scott Rubner said that after the September cooldown, retail investors are expected to return to U.S. stocks in October, as earnings season and buybacks will provide entry points, allowing the market to rebuild positions in the fourth quarter. September spot trading volume fell to 0.94 times the one-year average, while retail options premiums declined to the same level. Stock market activity was 26% lower than in June, and options premiums were approximately one-third of their June level.

NYDFS and the Wyoming Division of Banking signed a memorandum of understanding to jointly supervise crypto firms operating in-state and across state lines in both states, covering licensing, examinations, and enforcement. The two states will share analysis and historical data, streamline applications, coordinate timelines, and promote joint examinations. Firms licensed in one state for ≥3 years with no enforcement actions will receive an expedited decision within six months. The agreement also establishes mechanisms for sharing supervisory reports, market data, and enforcement notifications, demonstrating the coordination between the BitLicense and Wyoming pathways.

Reddit announced that it will gradually shut down RSS feeds, ending support on November 13, citing RSS as an entry point for large-scale scraping and automated abuse. It also plans to shut down its public API in March 2027, encouraging developers and third-party applications to migrate to the Developer Platform while gradually limiting new public API requests to strengthen controls over scraping and abuse. Source: PANews