Crypto & Web3

The French National Assembly's Finance Committee adopted amendments that would tax swaps into MiCA electronic-money tokens and extend the exit tax to crypto holdings above €800,000. On October 9 it rejected the budget's revenue section by 31 votes to 3. The amendments must be retabled for the October 13 floor debate and an October 20 vote, and neither is law.

Cailian Press put bitcoin near $82,780 on Saturday after a Thursday low of $80,427, with the fear-and-greed index at 56. CoinDesk said that, one year after the flash crash, about $11.7 million sat within 1% of bitcoin's price on October 7, roughly 75% more than on crash day, while altcoin dollar depth remains below the start of 2025. Bitcoin has already logged 10 three-sigma days in 2026, with annualized volatility near 46%.

The Block, citing SoSoValue, said spot bitcoin ETFs lost $681.1 million last week, spot ether ETFs lost $542.1 million and are on a nine-session outflow streak, and spot Solana ETFs lost $24.8 million, ending 14 straight weeks of inflows. The three categories lost about $1.25 billion. Friday's bitcoin ETF flow was a $21.1 million inflow.

EU finance ministers narrowed direct ESMA supervision of crypto-asset service providers to the most significant cross-border firms. Reuters said officials put that group at about 10 to 15 of roughly 360. ESMA separately opened a call for evidence on tokenized collateral at clearing houses through January 15, 2027. Japan's FSA told exchanges to stop ID-image checks before April 2027.

Bitcoin recovered from about $80,300 on Thursday to about $82,500 and is still down about 4 percent on the week. Ether is down about 9 percent. About $1.09 billion was liquidated in 24 hours, roughly 85 percent of it longs, and futures open interest did not rebuild with the bounce.

U.S. spot bitcoin and ether ETFs have combined October net outflows of $986.3 million. From October 1 through October 8, Fidelity's FBTC lost $408.1 million and BlackRock's IBIT took in $332.5 million. The estimated average ETF cost basis is $81,722 per bitcoin.

ESMA told MiCA-licensed firms to stop offering EU clients services in stablecoins that do not meet the regulation, with existing holdings to be resolved within three months of the opinion. The text names no token; USDT and PayPal USD are the examples in the reporting.

Bitcoin dipped to about $82,300 in Asian hours, and the 30-year Treasury yield rose to 5.71 percent. U.S. spot bitcoin ETFs lost $487.07 million on Wednesday, and ether ETFs lost another $160.77 million, a seventh straight session.

Government-linked wallets moved 12,267 bitcoin from a Bitfinex seizure address to unlabeled wallets, with no exchange deposit recorded. Other seized bitcoin reached Coinbase Prime, which also custodies assets. Samsung plans USDC remittances on 82 million U.S. Galaxy devices in the last week of October.

Attacks around the Strait of Hormuz lifted oil, and the 30-year Treasury yield reached its highest since 2002. Bitcoin's session low was $82,776.30, ether fell to about $2,570, and long liquidations made up most of the forced selling.

The September Fed minutes say most participants judged another rate increase likely appropriate by year-end. The next meeting is October 27-28, and the minutes do not name which meeting would deliver that hike.

U.S. spot bitcoin ETFs took in $119 million on Tuesday. Ether ETFs logged a sixth straight session of outflows, $202 million on the day. BitMine's chairman said buying stops at 5 percent of the ether supply; holdings are at 4.9 percent.

Bitcoin traded near $85,595, about 32% below the $126,080 high of October 6, 2025, and again failed to hold above $87,000. Leveraged crypto positions worth $172.45 million were liquidated over 24 hours. U.S. spot bitcoin ETFs shed $89.9 million on Monday.

Ether traded near $2,711. Spot ether ETFs shed $205.88 million over five sessions from September 29, and the estimated leverage ratio fell to 0.66.

Glamsterdam activated on Sepolia, with no mainnet date. An EEZ contributor published a 0.001 ETH atomic layer-1-to-layer-2 test. Paxos USDG is natively issued on Arbitrum One, and 100 million ARB of incentives is still a governance proposal.

On October 5 the CFTC chair said the Commission has posted an advance notice for Regulation CTX and Regulation CAM: retail margined, leveraged, or financed crypto trading would require federal registration, while ordinary spot exchanges would not be forced onto that path. Comments are due 60 days after Federal Register publication.

FinCEN the same day withdrew the 2020 unhosted-wallet reporting proposal and the 2023 mixing special measure. Neither text had become a final rule, so existing obligations are unchanged.

Bitcoin opened Monday at $86,513.38 and was near $86,122 by 7:37 a.m. Eastern Time. Spot bitcoin ETFs took in $241 million in the week ended October 2. Ether traded near $2,716, and spot ether ETFs saw about $155.12 million of net outflows over four sessions.

On October 2 the SEC approved listing of six Volatility Shares triple-leveraged commodity trust shares on Cboe BZX. Bitcoin and ether exposure is via futures and resets daily. Trading waits on an effective S-1.

ICBA sued the OCC to vacate the March 2026 national-bank chartering rule and Interpretive Letter 1176, and said at least 13 of the trust banks approved or conditionally approved by this administration are crypto companies.

On Sunday, Coinbase showed bitcoin near $85,329 and ether near $2,700, with Saturday volume about 22% of Friday. Decrypt said spot bitcoin ETFs took in $134.4 million over October's first two sessions. The IMF released about $138 million to El Salvador and said no further bitcoin accumulation is envisaged beyond documented donations.

A CoinDesk commentary on October 3 judged the Clarity Act to have no realistic path back before year-end, with progress resetting after Lummis and Tillis leave. BitGo's chief executive warned that stacking trading, brokerage, and custody in one firm could take the whole market down.

Bitcoin rejected $87,086 and was about $84,636 early on October 3. Twenty-four-hour liquidations were $433.6 million, about 74 percent of them longs. Ether was about $2,680, and total crypto market value was $2.97 trillion.

From September 28 through October 2, bitcoin ETFs provisionally took in $82.9 million and ether ETFs lost $118 million. Friday's IBIT line was still blank, so the weekly totals can still change.

On October 1 the SEC proposed custody amendments for advisers and funds: conditional self-custody when no permitted custodian exists, with a quarterly reassessment, and a path for state-chartered trust companies. Comments run for 60 days after Federal Register publication.

Circle asked the EU to replace MiCA's 30 percent bank-deposit floor, 60 percent for significant issuers, with a liquidity requirement, and to keep stablecoin multi-issuance. Aave argued that a license should follow control of assets, and that lending yield is not issuer interest.

September payrolls rose only 29,000 and unemployment was 4.2 percent. Bitcoin traded through $87,000 on Friday and was near $86,700 in The Block's report. US spot bitcoin ETFs took in $102.7 million on Thursday, while ether ETFs logged a third straight outflow day.

The US Treasury designated the A7 Network a significant transnational criminal organization, FinCEN proposed a ban on fund transfers involving its sub-agents, and the ruble stablecoin A7A5 was identified as blocked property.

Korea's FSC opened consultation on tokenized-securities rules that take effect on February 4, 2027, and Brazil today requires licensed firms to report self-custody transfers of $10,000 or more to Coaf.

Bitcoin faded from about $85,500 to the area around $84,000 while the 10-year Treasury yield sat near 5.28 percent. US spot bitcoin ETFs lost $148.7 million on Wednesday, ending a nine-day inflow streak, even as Citi raised its 12-month target to $113,000.

The UK FCA opened crypto authorization applications on Sep 30, with filings due by Feb 28, 2027, and the full regime starting Oct 25, 2027; anti-money-laundering registration will not convert automatically.

ESMA asked the MiCA review to cover DeFi gateways and non-compliant stablecoins, while a Korean bill would let the FIU suspend addresses tied to serious livelihood crimes for up to 180 days.

August core PCE rose 3.0% from a year earlier, below forecasts; bitcoin reached $85,598.94 and then eased, spot demand shrank by about 170,000 BTC over 30 days, and the 10-year yield was still about 5.25%.

Senate Democrats cast USDT as a key tool in Iran's shadow banking, and Tether answered with about $550 million frozen in 2026; Peirce, leaving Oct 2, called the innovation exemption a five-year stopgap.

Bitcoin fell back to about $83,000 as Brent crude reclaimed $100, while futures open interest sat near a yearly low and funding turned negative.

Strive bought another 1,107 BTC; Goldman put its roughly $100 billion Treasury fund on Lynq; Citi and Coinbase turned stablecoin payments into automatic fiat conversion.

CoinDesk ties the Clarity Act's failure to ethics language, a Senate-written bill, and the midterms, leaving market-structure legislation stalled.

Bitcoin held near $85,000 on Sunday and is on pace for its best third quarter since 2017, while ether and Solana spot ETFs both posted net inflows last week.

Saylor pushed bank custody and the 1,250% capital weight; Vitalik framed post-Hegota Ethereum as a cryptographic world computer.

SEC staff FAQs sharpen lines on functional-network buybacks, staking receipts, and marketing claims as administrative guidance fills a legislative gap.

Bitcoin consolidates near $84,000 with stronger alt and sentiment tone; spot bitcoin ETFs log a seven-day inflow streak and a 2026 weekly high, though daily prints faded sharply.

Stablecoin and tokenization rails advanced: Binance–Circle equity ties deepen USDC distribution, while Clearing House×Quant and Aave×Coinbase equity collateral make institutional and DeFi use cases more concrete.

The Fed opened GENIUS Act stablecoin rulemaking for comment, while the CFTC clarified tokenized assets and blockchain records for derivatives customer-fund use—administrative crypto rulemaking kept moving.

Bitcoin consolidated near $84,000 as alts and compute/DeFi led; a large options expiry passed relatively quietly with soft implied volatility.

Spot bitcoin ETFs absorbed about $2.84 billion over six sessions and swung YTD flows positive; Ondo × BlackRock portfolio tokens pushed institutional strategies fully onchain.

CFTC frames a "go time" administrative push after CLARITY stalled, with crypto market-structure prerules at White House review; an overseas dollar-stablecoin initiative is also under discussion.

Record-high Treasury yields and rising October hike odds pulled Bitcoin back to roughly $83K–$84K, with long liquidations amplifying the move.

Spot Bitcoin ETFs still absorbed ~$347M even as price fell; Binance listed HYPE and tightened its Circle/USDC distribution tie-up.

SEC custody rules move into White House OMB review, extending the compliance map from “Innovation Exemption trading” to “who may legally custody.”

Bitcoin consolidates in the roughly $86,000–$87,000 zone as volume and breadth narrow; Zcash and BCH lead thematic gains.

Tuesday spot Bitcoin ETFs took about $714.7M and Ether ETFs about $162.2M, while CME set Oct 19 as the target for BCH and UNI futures.

The SEC Innovation Exemption hits the Federal Register, opening a five-year permissioned AMM window for tokenized NMS stocks; the same day, China's central bank restates the domestic virtual-currency ban and the approval gate for offshore RMB stablecoins.

Bitcoin clears roughly $86,000 and briefly approaches $87,000 on short liquidations, returning crypto market value near $3 trillion as sentiment enters Extreme Greed.

Monday's nearly $1 billion bitcoin ETF inflow, Strategy's 950-BTC add, and Binance's $100 million Circle stake plus five-year USDC deal form a dual institutional and stablecoin-distribution tailwind.

U.S. market-structure legislation paused while the SEC's five-year tokenized-stock exemption, a CFTC prerule, and Bastion's conditional OCC trust-bank approval push federal rails forward.

Bitcoin held near $80,000 into Sunday before a Middle East risk-off flush and about $240 million in liquidations; AVAX led majors on ICE/NYSE evaluation headlines plus the Helicon countdown.

Spot bitcoin ETFs barely posted about +$6.2 million for the week, while ether ETFs finished about −$140 million and ended a four-week streak; BlackRock stressed ETF financialization over pure custody.

Brazil closes the eFX stablecoin settlement shortcut on Oct. 1, and Visa is forcing memecoin card charges back into the crypto merchant category.

Bitcoin is still above about $81,000 on Saturday, with ether and Solana up more; Friday's U.S. spot bitcoin ETFs took in about $433 million, almost all of it in FBTC and IBIT.

Yen stablecoin JPYC spiked to about 4.2 times its peg on Upbit because deposits opened on the thin chain, then returned near 1 yen; Binance plans a 24/7 USD/BRL perpetual on Sep 21.

The CFTC sent a crypto-market prerule into White House review and widened no-action relief for passive software linking to regulated derivatives, filling the legislative gap with administrative tools.

OFAC sanctioned Iranian exchange BitBank and its developer, formalizing claims of hundreds of millions of dollars in bitcoin sent to the IRGC and Hormuz-related payments routed through crypto.

Bitcoin extended from about $78,000 in Europe to about $81,000 in the U.S. session, with DeFi and layer-2 tokens replacing privacy coins at the front of the tape and short liquidations amplifying the later move.

The SEC’s five-year Innovation Exemption is the first major administrative answer after CLARITY’s failure, opening a conditional U.S. window for tokenized equities.

The Fed hike landed, but dots implying limited further tightening helped bitcoin hold near $76,000 while alts and ZEC led the rebound and sentiment returned to neutral.

Spot BTC/ETH ETFs kept posting large net outflows, so the price bounce still lacks confirmation from U.S. spot institutional pipes.

After CLARITY’s 49–50 procedural failure, the U.S. crypto regulatory story shifts from congressional statute to SEC/CFTC administrative rules and Project Crypto.

House Ways and Means advances a crypto tax bill 38–5—a bipartisan bright spot in a market-structure vacuum, though full enactment remains uncertain.

Spot bitcoin ETFs lose about $450 million in a day and futures liquidations exceed about $570 million, with BTC oscillating near $75K–$76K as the Fed hikes 25 bp and hints at another tighten.

CLARITY's procedural vote dominated the day: a Democratic counteroffer and roughly 11%–18% enactment odds quickly cooled legislative optimism.

Macro: FOMC opened, hike odds near 85%–90%, and the 10-year yield cleared 5%, sending bitcoin to a roughly $75,600 low.

Institutions returned to spot ETFs on the eve of the vote (~$160M BTC, ~$121M ETH), but flows stayed concentrated in BlackRock/Fidelity.

Monday spot rebounded toward about $78K while tech sold off, even as Fed hike odds climbed into the mid-to-high 80%s.

CLARITY's "final" text landed the same day—ethics, a stablecoin circuit breaker and developer safe harbor all on the table before Tuesday cloture.

Institutional tape split into "sell BTC ETF / buy ETH ETF," SGX perps for US institutions, and rising off-exchange cleared volume.

Quiet Sunday tape: BTC holds near $77K, ETH slips toward ~$2,490, Fed hike odds near 87%, and spot/derivatives volumes cool sharply.

CLARITY’s Sep 15 cloture enters final pressure week: 100-plus Democratic edits are in the draft, yet prediction markets still price only ~20% odds of 2026 enactment.

Institutional flows keep splitting—bitcoin ETFs out, ether ETFs in—while Morgan Stanley’s MSBT accumulated about $50.6M over two weeks against the grain.

Weekend markets digested Friday’s CPI whipsaw: BTC held near $77K, ETH stayed above $2,500, Fear & Greed rebounded to ~63, with ~$680M in residual liquidations.

The White House and Treasury publicly framed Sep 15 CLARITY cloture as a closing 2026 window; Canada’s OSFI clarified that tokenized deposits equal traditional bank deposits in law.

Institutional wrappers showed rotation—bitcoin ETF outflows slowed to ~$13M while ether ETFs took in ~$216M, led by BlackRock’s ETHA.

August U.S. CPI matched headline expectations while monthly core ran hot: BTC dipped then rebounded toward $80K, with ETH and other high-beta names leading.

Spot bitcoin ETFs saw ~$450M of three-day outflows alongside falling futures open interest, showing pre-CPI risk reduction.

Lummis’s revised CLARITY text targets “non-decentralized” DeFi registration and BSA duties ahead of the Sep 15 60-vote cloture; the UK Lords separately pushed a national digital-assets strategy.

Macro: August U.S. PPI at 5.4% YoY and the ECB’s second hike of 2026 hit risk assets together; Bitcoin broke below ~$77,000 as Sep hike odds rose toward ~70%, with focus shifting to Friday CPI.

Regulation: Bessent publicly pressed for CLARITY ahead of the Sep 15 60-vote cloture; OFAC/DOJ sanctioned Xinbi and restrained more than ~$52 million in related crypto.

Institutions: Nasdaq’s $100 million Payward stake backs tokenized equities; BTC ETFs saw ~$120 million one-day outflows while ETH/SOL/XRP products took inflows—a structural rotation, not a blanket exit.

Majors chopped near ~$79,000 as Middle East risk and hike/CPI expectations capped appetite; capital rotated into CeFi, DOT, and ZEC names with clearer narratives.

Regulatory focus stays on Sep 15 CLARITY cloture; locally, Plattsburgh may pair mining and AI compute under a power-use pause.

Institutional flows diverged: BTC/ETH spot ETFs flipped to net outflows, while TRXS launched, ZCSH crossed ~$500M AUM, and Block sought a trust-bank charter.

Liquid moved from “awaiting return” to “most funds back, ~$47M kept,” while the sidechain pause and credibility repair dominate the security tape.

Markets lost ~$79K after the U.S. reopen as Fed hike odds and Japan yield/yen carry risks stacked pressure ahead of PPI/CPI.

Policy: Philippines raises VASP payment barriers; U.S. CLARITY enters a one-week countdown to the Sep 15 60-vote cloture.

Liquid’s ~$320M reserve drain enters a “patched, awaiting restitution” stalemate that pressures sidechain peg and federation trust.

On a Labor Day thin tape, BTC holds near $80K while ZEC/HYPE hit highs and dominate liquidations as volatility shifts to alts.

Regulatory mood: Washington “CLARITY is dead” narrative intensifies ahead of the Sep 15 cloture vote, alongside a Kazakhstan–Binance regional hub MoU.

Bitcoin held a weekend chop near $80K on thin volume, handing pricing power to next week’s CPI and FOMC.

Spot Bitcoin and Ethereum ETFs drew a combined ~$1.2B last week, keeping institutional bids disconnected from short-term price swings.

Regulatory focus centers on the Sep 15 CLARITY Act cloture vote, the SEC offering-framework comment period, Taiwan’s business-tax clarity, and G20/FSB stablecoin work.

After a strong jobs print, hike odds rose and Bitcoin digested near ~$79K; the broader market slipped modestly while sentiment stayed in Greed.

Pakistan’s VASP NOC deadline lands today alongside a U.S. CLARITY Act cloture countdown to Sep 15, tightening the global compliance calendar.

Spot BTC/ETH ETFs still posted net inflows on the price pullback, splitting institutional wrappers from leveraged positioning.

Waller’s dovish tilt sparked a risk-on rally that pushed Bitcoin toward ~$82K before a hot jobs print pulled price back to the $80K area; CPI and the September FOMC are the next pricing anchors.

U.S. spot Bitcoin ETFs took in ~$731M in a day, with Ethereum ETFs adding ~$141M, marking a clear institutional channel rebound that still needs follow-through.

CLARITY Act politics mixed looser enforcement opposition (sheriffs to neutral) with a tighter House calendar ahead of the Sep 15 cloture vote.

Soft repair, tight macro: Bitcoin reclaimed the ~$78,000 area while September hike odds stayed near 60%+.

Dual-track regulation: Atkins pushed Regulation Crypto Assets; CLARITY Act eyes a September 15 60-vote cloture test; Singapore advances stablecoin statute.

Capital reconcentrated: Spot Bitcoin ETFs took in ~$101M Wednesday as Ether/alt products flipped to outflows; TD Cowen cut its year-end target.