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Bitcoin News posted on platform X that the SEC plans to propose new rules under the 1940 Act, allowing investment advisors to directly hold related assets when no qualified custodian is willing to custody Bitcoin and other digital assets.The SEC stated that traditional custodians typically refuse to custody such assets, creating a compliance gap in the existing custody framework. The proposal will initiate a 60-day public comment period after its publication in the Federal Register.

Digital asset media Generation Infinity (Genfinity) reported on October 2, 2026, that Luxembourg has confirmed that investment funds can issue shares natively on distributed ledgers, with relevant units existing only in token form. The account also stated that Luxembourg is the largest investment fund jurisdiction in Europe and the second-largest fund center in the world.The above confirmation corresponds to the first version of the "FAQ - Tokenisation" released the same day by the Luxembourg Financial Supervisory Authority (CSSF). The document clarifies that Luxembourg collective investment undertakings (UCI) can use distributed ledger technology to issue native shares or stocks that exist only in token form, but the operational model must comply with the applicable regulatory framework. Issuing on a distributed ledger does not determine the legal form of the underlying securities, and the relevant shares or stocks can be issued in registered or paperless form.

According to foreign media reports, Goldman Sachs bankers earned huge commissions while handling SpaceX's IPO. As early as five years ago, when SpaceX was valued at only tens of billions of dollars, Goldman Sachs helped high-net-worth clients invest in the company.After SpaceX went public with a valuation of $1.77 trillion, clients who sold shares received substantial profits and paid Goldman Sachs hundreds of millions of dollars in commissions.

According to on-chain analyst Yu Jin's monitoring, a certain whale/institution recently liquidated its long-term investment in DeFi tokens, incurring a loss of 9.61 million dollars. Ten days ago, it liquidated 37.26 million CRV that it had held for 3 years, realizing a loss of 5.97 million dollars.Three hours ago, it transferred 4.01 million PENDLE that it had held for 1 year to OKX, with an unrealized loss of 3.64 million dollars.

The Hong Kong Securities and Futures Commission has included FNXAI token and 1FNXAI token in the list of suspicious investment products related to digital tokens.The Hong Kong Securities and Futures Commission stated that the related products claim that investors can automate trading of U.S. stocks and a range of financial instruments through an AI-driven trading platform to generate stable returns, and involve staking arrangements related to virtual assets.

On Thursday, the U.S. Securities and Exchange Commission (SEC) proposed new regulations aimed at clarifying the requirements for investment advisors and regulated funds regarding the holding and custody of client cryptocurrency assets, as well as standardizing record-keeping, federal disclosures, industry operations, and audit requirements. SEC Chairman Paul Atkins stated that the current custody rules primarily focus on traditional assets, and the new regulations will provide a regulatory framework for the custody of cryptocurrency assets.The proposal is open for public comment for 60 days and intends to allow self-custody of cryptocurrency assets and the use of state-chartered trust companies as custodians under certain conditions.

Variant Fund investment partner Alana Levin stated in her market thoughts for Q4 2026 that the bottom of the crypto market likely occurred at some point in July. She wrote in early July that the bottom seemed close, with Bitcoin at $59,000, Ethereum at $1,600, and ZEC at $420. She mentioned that the question has shifted to whether the bull market is genuinely starting or if it's a false rally, and which projects will benefit the most in the early bull market, assuming the market is in the early stages of a new crypto bull market.Levin indicated that the increasingly formed consensus is that marginal funds are most likely to flow into value storage protocols as currency and protocols that can generate income. She believes Bitcoin is the dominant asset for digital value storage currently, while other competing assets may be valued based on their market capitalization relative to Bitcoin's market cap and its changes. For income-generating protocols, she expects investors to examine whether the income comes from crypto-native activities (like Pump) or traditional financial activities (like Hyperliquid), whether it persists during market downturns, and profit margins; projects with exposure to real-world assets and stablecoin growth, which are expected to attract institutional users and are still led by founders after surviving a bear market, are more likely to achieve higher multiples.She also categorized on-chain projects that can benchmark against non-crypto businesses as a third category, believing that most belong to narrative trading rather than long-term investment. Themes include routing, reasoning, computing power, data collection, and interface-related directions in artificial intelligence, and she is skeptical about whether most scenarios require blockchain; if such projects significantly outperform, she would view it as a signal of nearing the top.

According to market news, venture capital giant DIG Ventures announced the completion of a $120 million fundraising for its third fund. This fund has received support from institutions such as Horsley Bridge, Sofina, Granite, and a donation fund from a top university in the United States, and will invest in AI-native enterprise software and cloud infrastructure startups at the Pre-seed and seed stages.Investment directions include infrastructure areas such as data, identity verification, compliance, and orchestration that support the development of AI-native enterprise software. The fund plans to lead the majority of investment rounds and has already begun deploying capital.

SoftBank Group announced the completion of its third and final additional investment in OpenAI through the SoftBank Vision Fund 2, amounting to 10 billion USD. As a result, SoftBank's total investment in OpenAI has reached 64.6 billion USD, with an ownership stake of approximately 13%.

Jeffrey's global economist Mohit Kumar stated that the current level of U.S. Treasury yields is attractive to long-term investors, but uncertainty remains high. Jeffrey's believes that central banks will not implement rate hikes as significantly as reflected in market pricing.According to LSEG data, the money market has priced in an expectation of a cumulative 93 basis points rate hike by the Federal Reserve over the next 12 months.

The U.S. Securities and Exchange Commission (SEC) has proposed a reform plan aimed at expanding the channels for individual investors to participate in the private market. The proposal allows registered investment advisors to charge a performance fee of up to 20% based on fund performance, attracting more private management institutions to serve individual investors.SEC Chairman Paul Atkins stated that he hopes to explore ways to expand individual investor participation in the private market while preventing fraud and misconduct. The SEC also proposed to broaden the definition of "accredited investors."

On September 29, Shayon Sengupta, a partner at the cryptocurrency investment firm Multicoin Capital, stated that Multicoin has invested in the decentralized bandwidth network Grass through its hedge fund and venture capital fund, referring to it as the reading layer of machine intelligence. Over the past 18 months, Grass has recruited contributors to share idle bandwidth through crypto incentives for querying and parsing the public internet, connecting data to the data pipeline of frontier labs.The article cites a report from Grass itself, stating that over 6 million contributors have received rewards denominated in USD, funded by the revenue generated directly from their contributions. Grass reported revenues of $17 million in 2025, with another $17 million recorded in the first half of 2026, with nearly all AI clients making repeat purchases. Grass claims the business is profitable and projects that revenue from training data alone will reach $75 million in 2026, with relevant figures coming from its call on July 7 to token holders and network participants.Sengupta wrote that Grass plans to launch a Contents API, allowing models to open and render public pages through residential networks, and plans to introduce a Search API along with web indexing. Grass has collected over 1 billion public internet videos, some of which are used with Multicoin portfolio company Inference.net for training video annotation models.

Market operator Kalshi is negotiating a round of $1 billion financing, targeting a valuation of $40 billion. Existing investors Sequoia Capital and Wellington Management are discussing leading the round, with Tiger Global and Dragoneer Investment Group also participating in the talks. This round of financing has not yet been completed, and the final list of investors and closing date have not been announced.In October 2025, Kalshi raised $300 million at a valuation of $5 billion, and in May 2026, it completed a $1 billion financing at a valuation of $22 billion. On September 25, the U.S. Sixth Circuit Court of Appeals made a ruling unfavorable to Kalshi in a lawsuit involving Ohio and Tennessee, allowing the two states to regulate its sports contracts under gambling laws. Kalshi claims that its products are regulated by the U.S. Commodity Futures Trading Commission.

Federal Reserve Governor Barr stated that the surge in investment and related demand brought about by artificial intelligence development has had a measurable impact on prices.

Federal Reserve Governor Barr stated that there is a need to recalibrate policy, and the basic situation may require further policy adjustments.

The U.S. Department of Energy announced it will release up to 40 million barrels of oil from the Strategic Petroleum Reserve.

Bitget has launched multiple financial and reward activities. During the event, users can subscribe to USDT and USDGO savings products through "Easy Coin Earning," with up to 10% APR for USDT and 12% APR for USDGO. The participation period is from September 29, 22:00 to October 9, 21:59 (UTC+8).At the same time, Bitget has launched the USDGO HodlerYield holding reward activity. Users holding USDGO in their unified account, spot account, or contract account will automatically receive a limited-time interest income of up to 8% APR without the need for registration.In addition, Bitget PoolX has simultaneously launched BTC and ETH locking activities. Participants in the BTC locking can share 100,000 BGB, and participants in the ETH locking can share 500,000 USDT.

According to a report by Phoenix Technology citing Reuters, French Minister for European Affairs Benjamin Haddad stated on Tuesday that the European Union should use the billions of euros in fines imposed on Google to reduce member states' contributions to the EU budget. Haddad, in an interview with a French news channel, said: "This is a new source of income for the EU, amounting to 4.6 billion euros, and this funding should be used to automatically lower the contributions of all member states."In July of this year, Google was fined a total of 890 million euros for violating EU regulations aimed at curbing the power of large tech companies, equivalent to about 1.01 billion dollars. The recent fines have brought the total amount of fines imposed on Google by the EU for anti-competitive behavior over the past two decades to 10.38 billion euros. EU countries are currently negotiating the budget for 2028 to 2034, with the European Commission proposing a budget scale of 2 trillion euros, accounting for 1.26% of the EU's gross national income, of which about 168 billion euros will be used to repay loans raised for the post-pandemic recovery fund.