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The Chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, issued a statement saying that the Commission proposed a plan this week to fill the regulatory gap regarding the custody of cryptocurrency assets by investment advisors and funds, providing a clear custody framework and compliance path for an asset class with increasing client demand.Atkins stated that the existing custody rules under the Investment Advisers Act of 1940 and the Investment Company Act of 1940 were established before the advent of the internet, primarily targeting traditional assets and requiring the use of approved custodians. The custody capabilities for new cryptocurrency assets often lag behind the launch of the assets by several months. This proposal aims to address this issue while updating the custody rules for advisors and regulated funds that have not been revised for decades to align with current industry practices and feedback.The statement noted that this proposal is part of the SEC's regulatory framework for cryptocurrency assets. Related efforts include stopping the replacement of regulation with enforcement, issuing a no-action letter regarding the pilot program for the tokenization of securities by custodial trust companies by December 2025, publishing a classification description for tokenized securities in January 2026, and subsequent initiatives regarding the securities attributes of cryptocurrency assets, broker registration, Regulation Crypto Assets, and innovative exemptions for trading tokenized NMS stocks. Atkins indicated that more regulatory proposals will be forthcoming.

Austrian cryptocurrency exchange Bitpanda's co-CEO Christian Trummer stated in Cointelegraph's Chain Reaction program that with the implementation of the European Union's Markets in Crypto-Assets Regulation (MiCA), European crypto users' trust in regulated platforms has increased. He pointed out that most users trust regulated market participants more than managing private keys themselves.Trummer described the preference for self-custody as a small circle focused on "Crypto Twitter," believing that most users are more inclined to choose regulated service providers. He also called on regulators to enforce MiCA more strictly, stating that some companies are still providing services to European customers without obtaining a MiCA license, putting compliant businesses at a competitive disadvantage.The transition period for existing crypto service providers under MiCA ended no later than July 1, and the European Securities and Markets Authority (ESMA) instructed national regulators to take action against unauthorized companies that continue to provide crypto services after the transition period. ESMA subsequently called for stronger regulatory powers to address unauthorized crypto services and third-country companies soliciting business from EU investors without MiCA authorization.

According to The Block, the Solana ecosystem perpetual contract exchange Velocity (formerly Drift) has opened compensation claims for the April theft incident. Users can receive 1 DFX token for every 1 USDT lost, with the current payout rate being approximately 0.0104 USDT per DFX, which is about 1% of the loss.The current compensation pool is approximately 3.11 million USDT, with a total supply of DFX being around 299.5 million tokens and no further issuance planned. The Drift Foundation stated that the compensation pool will continue to be funded with protocol revenue, and Tether has committed to providing up to 127.5 million USDT to support the restart and user compensation, with the claim deadline set for January 1, 2028. Previously, Drift suffered an attack in April, resulting in a loss of approximately 295.4 million USD.

The artificial intelligence infrastructure company Nscale has hired a senior executive from Meta Platforms as Chief Operating Officer, aiming to prepare for an IPO.

According to CoinDesk, informed sources revealed that the custody bank giant BNY is in talks with Payward, the parent company of the cryptocurrency exchange Kraken, for a broad collaboration covering digital assets and financial market infrastructure. The potential agreement may involve areas such as crypto products, custody, wealth management, trading, payments, and infrastructure, with related services provided through Payward Services, which targets banks, exchanges, and asset management institutions.One source indicated that part of the proposed collaboration may be similar to the infrastructure component of the recent agreement Payward reached with Nasdaq. Negotiations are still ongoing, and there is no guarantee that an agreement will be reached; both Payward and BNY declined to comment. BNY, formerly known as Bank of New York Mellon, provides custody, asset services, clearing, and wealth management services to institutional clients and has been developing tokenized deposits to support near real-time on-chain settlements among institutional market participants.Reaching an agreement with BNY would further promote Payward's efforts to connect digital asset businesses with traditional financial institutions. Last month, Nasdaq Ventures agreed to invest $100 million in Payward at a valuation of $21 billion, expanding the collaboration between the two parties in tokenized stocks. Under the agreement, both parties will continue to develop the operational and commercial infrastructure for Nasdaq stock tokens, and Payward will also adopt Nasdaq's market surveillance technology in its cryptocurrency, stock, tokenized stock, futures, and options trading venues, with both parties expecting to launch Nasdaq stock tokens in the second quarter of 2027.

Layer 2 network Blast announced that it will cease operations due to the ongoing maintenance costs of the network exceeding the revenue generated by L2. The team believes there is no credible path to achieve economic sustainability.Blast advises all users to withdraw on-chain assets and balances in the Blast PWA to the Ethereum mainnet and plans to shorten the withdrawal waiting time to 24 hours. However, the team will first process the withdrawal of Lido assets held by Blast, which is expected to take about a week, during which the withdrawal function will be temporarily unavailable.Users can complete withdrawals through the regular Blast interface before October 26. After that, assets can still be withdrawn, but it will require direct interaction with the Blast Bridge contract on Ethereum L1. The team will announce specific operational instructions before the deadline.

According to Lookonchain monitoring, ens.eth was sold again 4 hours ago for 1,097 ETH, worth 3 million dollars, at a transaction price of 2,743 dollars.

The founder of Liebit Mining Pool, Jiang Zhuoer, posted on the X platform stating that the number of ETH queued for withdrawal from staking has risen to 850,000, with the waiting time increasing to 14.77 days, both of which are the highest within 2026. This indicates that a group of coin holders believes the current coin price is relatively high and needs to sell coins to lock in profits.

According to CoinDesk, Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), has completed her term today. She served in the agency for over 8 years and voted against the committee's decisions to take enforcement actions instead of creating industry-compliant rules multiple times, and she was an early proponent of the token safe harbor proposal.Hester Peirce previously led the Crypto Task Force and stated that the SEC's duty to protect investors includes using regulatory authority to provide regulatory boundaries for the rapidly expanding digital asset industry.

BitBT Ventures posted on platform X that it has provided $5 million in early financing to the social finance platform KIVO. KIVO is building a social finance ecosystem that connects social, trading, payment, digital assets, and emerging financial products through a single consumer-grade application.BitBT Ventures stated that it supports KIVO in building a social layer and a full-stack SocialFi infrastructure for the next generation of users. The related content was published by its social media account and mentioned KIVO account KivoSocialLayer.

TRON DeFi Summer announces the latest arrangements for S3: the event will officially launch on October 4 at 08:00 (SGT) and will last for 60 days, 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.Users can enter JustLend DAO through Binance Wallet DeFi to participate in the Boosted APR incentives. Users who participated in S2 do not need to reapply; simply maintaining their holdings will automatically extend their eligibility for S3 rewards. New users can prepare their assets in advance to join as soon as it opens. More S3 gameplay will be announced soon.

The U.S. Bureau of Labor Statistics revised the non-farm payroll employment for July from +21,000 to -10,000, and for August from 162,000 to 133,000.After the revisions, the total number of new jobs for July and August is 60,000 lower than before the revisions.

The Ronin Waypoint wallet will soon cease operations, and users must complete asset transfers before the final migration deadline on October 16, or assets left in the Waypoint wallet may become inaccessible. This migration primarily involves users utilizing social logins, keyless wallets, or MPC wallets.Users can choose to migrate their assets to a Ronin Stash that supports email or social login, or they can transfer them to a Ronin Wallet protected by a mnemonic phrase. Users who only use mnemonic phrase wallets are not affected by this migration. Additionally, bAXS and Badges need to be handled separately through the official Axie migration page, and this operation can only be completed once.The official reminder for users is to confirm that the target wallet has received the assets after migration and to check if there are any missing assets in the Waypoint wallet.

According to a report by Businesswire, BNB Plus Corp. (OTCQB: BNBX) announced a strategic transformation, shifting from a digital asset treasury company focused on the BNB Chain ecosystem to an operational company providing open network infrastructure such as blockchain and Agentic AI for financial institutions and enterprises.In the future, the company will still participate in ecosystems like BNB Chain, with a strategic focus shifting from passive holding of digital assets to infrastructure, integration, and deployment services. BNB Plus, formerly known as Applied DNA Sciences, previously transitioned from a biotechnology business to a BNB treasury strategy, holding approximately 18,830 BNB as of July 30.

Darkfost posted on platform X that Bitcoin is approaching the average cost price of two types of holding groups: investors holding for 18 months to 2 years have an average cost price of about $88,350, while investors holding for 6 to 12 months have an average cost price of about $89,200.Darkfost pointed out that the cost price is the average holding cost of the group, not a natural support or resistance level; as the price approaches this range, the behavior of related investors may change, and this area can be seen as a potential risk zone. The group of investors holding for 6 to 12 months has overall been at a loss for nearly a year, with some investors possibly having bought in at market peaks; some investors may sell after breaking even, while others may continue to buy to lower their holding costs.

German government bonds have become the primary safe-haven asset in the global bond sell-off due to concerns over overheating in the U.S. economy and the fiscal situation in other parts of Europe. This week, the yield on 10-year German bonds fell by 0.2 percentage points, while yields in countries like the United States and France rose by 0.05 and 0.22 percentage points, respectively.

According to Gate market data, some U.S. storage chip stocks fell before the market opened, with Seagate Technology down 11.4% and Western Digital down 7.1%.

According to The Block, Forward Industries increased its holdings by nearly 949,000 SOL in the last quarter, bringing its total holdings to 8.5 million SOL, accounting for approximately 1.4% of the circulating supply of SOL.The company stated that the average cost of the SOL acquired during the quarter was $83.

At 20:30 Beijing time tonight, the U.S. Bureau of Labor Statistics will release the non-farm payroll report for September.Market consensus expects that 84,000 new jobs were added in September, the unemployment rate remains at 4.1%, and the average hourly wage year-on-year is 3.1%; the previous value for August was an increase of 162,000 jobs. The market is particularly focused on the extent of the decline in new jobs, wage growth, and whether the August data will be revised down.