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Payment infrastructure company Modern Treasury has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Modern Treasury National Trust Bank, operating as a federally regulated limited-purpose national trust bank, providing digital asset custody and related fiat services.If the application is approved, the bank will allow Modern Treasury customers to custody and transfer stablecoins and fiat through integrated services, but it will not issue stablecoins or provide loans. Modern Treasury co-founder and CEO Matt Marcus stated that stablecoins are the foundational economic infrastructure of the future, and the company has fully integrated stablecoins into its payment platform.Modern Treasury stated that the proposed bank will operate separately from its existing payment business, which has processed over $600 billion in payments among hundreds of institutions. This application comes at a time when crypto and payment companies are competing for national trust bank licenses, with Bastion and Ripple having received conditional approvals, Circle and BitGo having received final approvals, and Kraken's parent company Payward, Zerohash, and Block also having submitted applications.

Aave has enabled LlamaRisk agents for Pendle collateral on the Plasma network. According to The Defiant, these agents can adjust the pricing and lending parameters of a certain collateral token, which currently has a supply of 36.72 million dollars.The adjustments to the relevant parameters are constrained by fixed step limits and cooldown periods. Plasma is a Layer 1 network aimed at stablecoin payments, Pendle is a yield trading protocol, and LlamaRisk is a cryptocurrency risk management agency.

Token Terminal announced on platform X that a tokenized ETF valued at $53.4 million has been deposited into DeFi, tracking asset sizes of $35.3 million and $25.8 million for STRC and FWDI, respectively.In the tokenized stock market of approximately $3.7 billion, about 7% has been deposited into DeFi.

Grayscale's parent company DCG stated on the X platform that last week the U.S. Securities and Exchange Commission (SEC) proposed reforms to the accredited investor system, allowing certain investors to qualify for participation in the private market through exams and other means. This initiative was suggested by DCG founder Barry Silbert as early as 15 years ago.It is reported that Barry Silbert raised the issue during the founding of SecondMarket around 2011, stating that the SEC's "accredited investor" system primarily relies on income and net asset standards, but wealth levels do not necessarily represent investment capability. Some high-net-worth individuals may not possess sufficient financial knowledge, while some ordinary investors should also have the opportunity to qualify for participation in the private market if they pass the financial literacy tests set by regulatory agencies.

According to PRNewswire, Tom Lee, Chairman of the Ethereum treasury company Bitmine, stated that as the cryptocurrency market enters what he believes to be a bull market cycle, the performance of Bitmine (BMNR) stock price during the bear market period from 2025 to 2026 is noteworthy compared to Ethereum (ETH).In the first nine months of 2026, the ETH price fell by 10%, while BMNR only dropped by 3%, achieving a relative outperformance of approximately 731 basis points (7.31 percentage points). The stock price performance of BMNR reflects the company's commitment to continuously optimizing shareholder returns, which includes executing the largest corporate treasury stock buyback program in the cryptocurrency industry, repurchasing 21 million shares in 2026 alone.Additionally, Tom Lee pointed out that from the third quarter of 2026 to the present, ETH has outperformed the S&P 500 index by 6832 basis points. Despite macro pressures such as a hawkish stance from the Federal Reserve, rising oil prices, increasing global bond yields, and tightening financial conditions, ETH has still demonstrated strong performance, leading other major macro assets.

According to CoinDesk, Armada Acquisition Corp. II (XRPN) closed at $39.42 last Friday, up 68% on the day, and has risen approximately 273% over the week, reaching a high of $53 during intraday trading, compared to $10.58 a week ago, with a further pre-market increase of 9.5% on Monday. The company is the SPAC driving the listing of XRP treasury company Evernorth, which stated that the merger is expected to be completed on October 7 (Wednesday), pending the fulfillment of remaining conditions.Evernorth is expected to hold approximately 473 million XRP at the time of closing, valued at about $714 million based on Monday's price of approximately $1.51. Its disclosed financing includes about $300 million in total cash proceeds, of which $225 million comes from a private placement, $30 million from convertible notes, and $48 million from Armada's trust funds, with supporters also directly investing in XRP. However, the company purchased 84.4 million XRP for $214.1 million by the end of 2025, at an average price of approximately $2.54, which is now worth about $127 million.Armada Trust held $241.2 million at the end of June, with each public share redemption valued at approximately $10.49. Evernorth's announcement on October 1 indicated that about $48 million of the trust funds would be reserved for trading, suggesting that approximately 80% of the trust funds would be returned to shareholders. Redemptions will reduce the number of publicly tradable shares, allowing relatively small orders to significantly drive up the stock price.

Bank of America raised its price target for Coinbase from $174 to $203 and reiterated a "Buy" rating. The bank expects that after the Federal Reserve's interest rate hike in September, stablecoin revenue will further increase, thus raising its earnings per share forecast for Coinbase for 2027 to 2028.However, due to weakened cryptocurrency trading volumes, Bank of America has lowered its near-term performance expectations for Coinbase, despite Bitcoin and Ethereum rising 43% and 70% respectively in the third quarter.

According to official data from Bitget, the second batch of rewards for its "Peer Program" has been completed. So far, the platform has distributed a total of 2,786,953 USDT rewards to 1,529,978 users.This event will last until October 26, and users can participate without registration. During this period, Bitget will continue to set up a user-exclusive prize pool with 30% of the platform's trading fee revenue, offering trading rewards, asset rewards, and VIP exclusive rights to different user groups.

According to The New York Times, the previous collaboration between NBA superstar LeBron James and the prediction market platform Polymarket, worth $15 million, has drawn attention. However, there is currently no evidence that this collaboration violates NBA rules. LeBron James is merely a spokesperson and not an investor, and the collaboration will focus on non-NBA markets such as soccer, thus it is not similar to the previous salary violation incident involving Kawhi Leonard with the Los Angeles Clippers.However, as the commercial ties between players, teams, investors, and prediction market platforms deepen, sports leagues face new regulatory challenges: how to distinguish between legitimate commercial endorsements and potential conflicts of interest that could affect market fairness.

According to a press release from the Hong Kong Special Administrative Region Government, the Secretary for Financial Services and the Treasury, Christopher Hui, attended a policy briefing by the Legislative Council's Financial Affairs Committee. He stated that a bill to establish a licensing system for virtual asset trading, custody, advisory, and management services will be submitted within this year as part of Hong Kong's first five-year plan concerning financial services and the Treasury.In addition, the Hong Kong Central Clearing and Settlement System for gold will officially launch in the first quarter of next year, and the Hong Kong Stock Exchange will announce details of a new gold futures contract priced in Renminbi and settled in physical gold within this year.

OKX CEO Star responded to community questions regarding the deployment of the OKXICE tokenized stock trading platform, stating that the TSV DEX contract is planned to be deployed on X Layer.ChainCatcher previously reported that, according to Bloomberg, OKX has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a tokenized stock trading platform, becoming one of the first major cryptocurrency exchanges to utilize the new U.S. regulations allowing digital versions of publicly traded company stocks to be traded on crypto platforms.The joint venture OKX ICE LLC, established by OKX and the parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), plans to apply to provide tokenized stock trading services for 63 companies listed on the New York Stock Exchange. According to the SEC's new framework, the relevant issuers have 30 days to opt out, after which tokenized stock trading can commence.

Bitcoin analyst Willy Woo stated on platform X that approximately 5% of the global population holds Bitcoin, while about 8% of countries have established policies for purchasing or holding Bitcoin.In a follow-up response, he added that around 12% of countries actually hold Bitcoin and distinguished between actual holdings and the proactive establishment of policies for purchasing and holding.

According to Catcher Predict monitoring, in the market prediction event "Bitcoin Price Prediction for October 5" on Polymarket, the "Yes" option for the sub-market "86,000" experienced a sharp fluctuation in winning probability, plummeting from 59.5% an hour ago to the current 33.5% (a fluctuation of 26%). Please note the impact of related breaking news.

According to Bloomberg, OKX has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a tokenized stock trading platform, becoming one of the first major cryptocurrency exchanges to utilize the new U.S. regulations allowing the digital versions of publicly traded company stocks to be traded on crypto platforms.The joint venture OKX ICE LLC, established by OKX and the parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), plans to apply to provide tokenized stock trading services for 63 companies listed on the NYSE. According to the SEC's new framework, the relevant issuers have 30 days to opt-out, after which tokenized stock trading can commence.

Liquid Capital founder Yi Lihua published an article discussing the current state of the cryptocurrency primary market. He stated that the main reasons for the decline of the cryptocurrency primary market are: "First, the narrative has collapsed; from white papers to institutional endorsements to TVL manipulation, the basic market is no longer buying in. Second, there is a supply imbalance; now there are tens of thousands of projects, and it is extremely difficult for excellent projects to emerge. Third, the 1 plus 3 unlocking mechanism essentially targets VCs, allowing projects, market makers, and exchanges to run first. Fourth, the cost of listing coins; now primary projects require high valuations and large financing mainly because of several leading centralized exchanges going live, with an average cost needing tens of millions of dollars."Yi Lihua believes that industry leaders need to truly focus on building, such as improving the coin listing selection method on Binance. Under the current model, even if Vitalik Buterin's ETH were to come today, it would not be able to list on Binance. Additionally, the 1 plus 3 unlocking mechanism should be completely abolished; VCs bear the greatest risk and should not be burdened with the worst unlocking terms, as the success or failure of a project is fundamentally not determined by VCs.Finally, cryptocurrency projects need to return to real revenue and buybacks. The sustained prosperity of the U.S. stock market over the years is primarily due to performance growth and the encouragement of shareholder returns. This is what industry leaders should be doing, allowing secondary market investors to truly find quality projects.

According to Crowdfund Insider, U.S. digital asset holders who applied for an extension earlier this year must submit their 2025 federal tax return by October 15, 2026, which is the automatic six-month extension deadline available after submitting Form 4868 before the spring deadline.The extension only covers the filing action; any taxes owed must still be estimated and paid by April 2026, and interest and penalties on unpaid balances have begun to accumulate. Brokers have started reporting 2025 transactions on Form 1099-DA, and taxpayers can verify the income amounts, but the cost basis may still be incomplete. In mid-September, the Senate failed to advance the CLARITY Act, with a vote of 49 to 50, not reaching the required 60 votes for advancement.The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) stated that they will continue to develop rules regarding trading, custody, and related issues, rather than waiting for Congress. Late filing penalties start at 5% of the unpaid tax per month, with a cap of 25%, and the minimum penalty applies after 60 days.

According to Cointelegraph, Trump is expected to appoint former SEC Chairman Jay Clayton as the AI Czar.At the same time, veteran trader Peter Brandt predicts that if Bitcoin holds key low points, this cycle's peak could reach $600,000.

Cryptocurrency trader Ansem posted that frequently monitoring the market and judging price trends based on 15-minute candlesticks can easily lead to overtrading. Investors should manage their spot, perpetual contract, and high-risk on-chain trading accounts separately, and should not attempt to catch every local top and bottom, as this may harm long-term investment returns. Instead of frequent trading, it is better to study historical bull markets and observe how long upward trends typically last.The upward cycles of altcoins are usually faster, often outperforming the market for 4 to 6 months, after which new market leaders emerge, especially after a market capitalization growth of more than 10 times. However, there may be a few exceptions in this cycle: some altcoins may see significant revenue growth alongside price increases, thus their fundamentals may improve simultaneously.In past cycles, altcoins primarily peaked due to shifts in market attention and weakening momentum, but in this cycle, if some projects experience substantial changes in revenue and other data, institutional funds may continue to buy actively, and investors need to adjust their original judgments in a timely manner based on new information.In the last cycle, Bitcoin bottomed out in January 2023 and peaked in October 2025, with an upward trend lasting about 33 months. If this cycle bottomed out in July, it is currently only in the 4th month.It is believed that in a longer-term bull market, multiple "mini-bulls" led by specific altcoins will emerge, and investors need to identify these phase-strong assets and continuously reinvest profits into high-performing targets, allowing short-term winners to gradually transform into long-term investments.

TRON DeFi Summer S3 officially begins, with a total prize pool of 2 million USD, including a TRX pool of 1 million USD, a USDD pool of 600,000 USD, a JST pool of 300,000 USD, and a SUN pool of 100,000 USD. The four major asset pools will simultaneously open a 60-day Boosted APR incentive.Users can enter JustLend DAO through Binance Wallet DeFi to participate. Users who participated in S2 do not need to reapply; they can maintain their current holdings to seamlessly continue their S3 reward eligibility. Although S2 has concluded, the 60-day Boost window for S3 has just opened------both new and existing users can join immediately to continue writing a new chapter of earnings in TRON DeFi at JustLend DAO.