Governance
Stablecoins
ESMA proposes ending EU custody and transfer services for non-compliant stablecoins
Non-compliant tokens could lose licensed custody and transfer access if the proposal becomes law, with exit rules still unresolved.
Derivatives
Leveraged funds’ Bitcoin futures shorts fall by 5,300 BTC-equivalent as longs shrink
The September 29 snapshot shows leveraged funds’ reported shorts fell about 5,300 BTC-equivalent across four products, while longs and open interest also declined.
Layer-2
Arbitrum pauses new Stylus activations over AI-assisted attack risks
Existing programs keep running, while a separate proof-conflict guard can delay unconfirmed withdrawals to Ethereum.
Legal
US judge kills Milei’s LIBRA memecoin lawsuit, leaving investors stranded
A New York judge dismissed the LIBRA and M3M3 class action, closing investors’ district-court path to recovery.
Regulation
New SEC crypto rules threaten small advisers, but big firms win
The SEC’s modeled $433,833 annual adviser cost subtotal excludes significant technology spending, raising questions about who can offer the fallback.
Layer-2
Blast shuts down $20M layer-2 network, forcing Oct. 26 exit deadline
Blast plans to shut down its Ethereum layer-2 with a temporary withdrawal pause and an Oct. 26 deadline before moving to bridge contracts.
Digital Asset Treasuries
Evernorth’s Nasdaq XRP treasury is approved, but its real buying power isn’t the $300 million expected
Roughly $88.5 million in closing-linked gross sources remains conditional, with expenses and spending choices deciding additional XRP demand.
Digital Asset Treasuries
Why Strategy’s STRC calculator shows $210 for a share it can redeem at $101
The illustrative Oct. 2 output holds the dividend constant, while Strategy controls optional redemption at $101 or higher plus applicable unpaid dividends.
Lightning
Unpatched Eclair Bitcoin Lightning nodes could crash again every time they restart
New disclosures show how saved unfunded channels could overwhelm older nodes again on restart, despite a fix shipping in July.
Macro
Why an $88 billion bank reserve drop doesn’t prove a Bitcoin liquidity squeeze – yet
Wednesday reserves fell $88.236 billion while their weekly average rose $17.897 billion, exposing the limits of reserve-based Bitcoin liquidity signals.
Price Watch
Bitcoin sees big overnight rally as ETF demand returns before the next US jobs test
Fund inflows support the rebound, while reported short liquidations suggest an accelerator and inflation still clouds its durability.
Derivatives
Coinbase completes Deribit switch, ending International Exchange trading
The October 1 cutover leaves the old venue read-only and changes trading access, settlement and records for affected institutions.
