Analysis
Regulation
SEC clears regulatory hurdle as crypto token buybacks hit record $638 million
Token buybacks hit a record $638 million as new SEC guidance gives mature networks more room to repurchase their own assets.
Stablecoins
Fed proposed stablecoin rule could trigger a 48-hour liquidation run
The Fed would give stablecoin issuers 24 hours to restore full backing before a forced liquidation wave begins.
Legal
Nearly $15B is moving off LayerZero, now a $292M lawsuit puts its security model on trial
KelpDAO’s $292 million lawsuit against LayerZero tests who bears the loss when customer-set security and provider infrastructure fail together.
Regulation
Kalshi must lock out state users after major court loss
A second appeals court backed state control of Kalshi’s sports contracts, exposing 69% of its modeled retail demand.
Market
Why surging US real yields are quietly forcing Bitcoin under $84,000
Bitcoin’s $84,000 support faces mounting pressure as US Treasury yields hit 5.11%, with Glassnode identifying $77,000 as the next major downside level.
Derivatives
Altcoin demand meets $18B threat as flows move into RWA perps as just 19% of traders keep alts
RWA perps filled a crypto-volume gap while Hyperliquid cohorts remained mostly segmented by their entry market.
Market
Bitcoin faces $16 billion options expiry Friday, then two more tests hit the rally
Bitcoin’s $16 billion options expiry sets up fresh volatility as hedging shifts and US economic data hits.
Legislation
CLARITY Act needs 11 more Senate votes, but 4 of the 49 it already has want the bill changed
Cornyn, Curtis, Hyde-Smith and Murkowski backed the failed procedural vote while also supporting tougher restrictions on stablecoin yield.
Politics
Crypto firms put $206 million behind the midterms: here’s who their political machine is backing
Fairshake and allied groups are spreading tens of millions across Republican and Democratic races while keeping a huge reserve for November.
Market
Bitcoin’s $87,000 breakout puts $90,000 in sight, but history comes with a catch
The 50-week moving average reclaim has preceded durable recoveries in most past cycles, though today’s leverage-heavy rally still needs real buying to take over
RWA
Did RWA futures really overtake crypto? Only if you ignore 90% of the market
RWA futures led in a selected onchain sample, while a separate CoinDesk dataset put RWA perpetuals at 15.2% of CEX derivatives volume.
Stablecoins
Brazil blocks stablecoins from key cross-border payment rail as $1.1 trillion market faces new limits
Brazil’s Oct. 1 settlement restrictions expose the regulatory hurdles facing financial firms integrating stablecoins into cross-border payments.
