Crypto Industry News & Market Trends

Circle and Tether find common ground against MiCAs bank reserve rules

Circle is urging the European Union to open its Markets in Crypto-Assets Regulation (MiCA) to foreign-regulated stablecoins and loosen reserve rules that constrain global issuers.　　The USDC issuer proposed a recognition regime that could let qualifying overseas stablecoin companies distribute tokens in Europe without becoming fully authorized EU issuers, as part of a broader push to bring more of the global market inside the blocs regulatory perimeter.　　Circle said only three of the worlds 25 largest stablecoins by market value, USDC, USDG and EURC, are currently regulated under MiCA, despite roughly 30 e-money tokens securing authorization since the framework took effect.　　Related Company Circle Global crypto finance company　　Under its proposal, the European Commission would first determine whether a foreign jurisdictions regulatory regime is equivalent to EU standards. The European Banking Authority (EBA) would then recognize individual issuers, which would remain primarily supervised in their home countries while distributing tokens through locally licensed institutions.　　Related Asset USDC USDC · Stablecoin　　That would create an alternative to current MiCA rules, which generally require e-money token issuers seeking public distribution or trading in the bloc to obtain EU authorization.　　Related Asset EURC EURC · Stablecoin　　Circle also wants regulators to preserve multi-issuance, where a MiCA-authorized European entity co-issues a globally

3 days agoIndustry

Can ETH reach $3,000 after POAP founder moves $10.8M？

Ethereum has held near $2,730 after POAP founder Patricio Worthalter deposited 4,000 ETH worth $10.79 million into Gemini, while weekly momentum indicators remain bullish.　　Lookonchain reported on Oct. 5 that Worthalter transferred the 4,000 ETH to Gemini roughly eight hours before its post. On-chain analyst Ember separately reported that Worthalter still controlled 54,967 ETH worth close to $149 million following the transaction.　　Patricio Worthalter(@worthalter) deposited 4,000 $ETH($10.79M) into #Gemini 8 hours ago.https://t.co/fqbXjjgoMm pic.twitter.com/zqCYgHzmx8　　— Lookonchain (@lookonchain) October 5, 2026　　The transfer shows ETH moving onto a centralized exchange but does not prove Worthalter sold the coins. No transaction data reviewed for this report confirms a sale after the Gemini deposit.　　POAP founder moves $10.79 million in ETH to Gemini　　Worthalter‘s 4,000 ETH transfer represents only a portion of the Ethereum attributed to him by on-chain trackers. Ember’s data put his remaining holdings at 54,967 ETH, meaning the wallet group retained far more ETH than it moved to Gemini.　　At Ethereums current market price, the remaining position is valued near $149 million. Lookonchain did not state why Worthalter sent the assets to the exchange, and no public statement from the POAP founder reviewed for this report explained the transaction.　　Exchange deposits can precede sales, transfers between accounts or other

3 days agoIndustry

Visa and ADI Foundation team up on blockchain powered digital payments

Visa has partnered with Abu Dhabi based ADI Foundation to explore how blockchain infrastructure could work alongside its global payment network as the companies assess new digital payment and digital asset transaction systems.　　SummaryVisa and ADI Foundation will explore digital payment solutions, payment infrastructure and ways to support digital asset transaction flows.The collaboration will examine how blockchain infrastructure could work alongside established electronic payment networks used by financial institutions.The agreement follows a Memorandum of Cooperation and remains exploratory, with no specific blockchain, stablecoin, product or launch date announced.ADI Foundation said its infrastructure is designed for institutional blockchain adoption, with ADI Chain focused on stablecoins and real world assets in the MENA region.Visa has pursued several digital asset payment projects this year, including stablecoin settlement work with Lloyds and partnerships involving Shinhan Financial Group and Dunamu.　　According to an announcement shared with crypto.news, the collaboration will focus on digital payment solutions, payment infrastructure and the development of digital finance services, bringing Visa‘s payments network together with ADI’s distributed ledger infrastructure. The agreement follows the signing of a Memorandum of Cooperation and remains exploratory, with no specific product or commercial rollout announced.　　Visa and ADI explore blockchain payment infrastructure　　Work under the agreement will examine mechanisms

3 days agoIndustry

Will Near Protocol (NEAR) Rally Continue？ Key Reversal Spotted

Near Protocol (NEAR) has staged one of its strongest rallies in months, climbing from roughly $1.60 in August to above $5.00. However, the latest daily candles suggest that the easy part of the rally may already be over, with NEAR now entering a volatile consolidation phase.　　NEAR currently trades around $5.16 after recovering sharply from the latest pullback. The important development is the reversal from approximately $4.70. Buyers stepped in aggressively around this zone after several attempts by sellers to extend the correction, producing a sequence of higher intraday lows followed by a return above $5.00.　　NEARs Bullish Structure Survives　　NEAR has already been rejected from the $5 region multiple times, with long upper wicks showing substantial supply near the local highs. A daily close above $5.60 would therefore carry much more significance than another temporary intraday spike.　　NEAR/USDT Chart by TradingView　　Such a breakout could reopen the path toward $6.00 and potentially extend the current price-discovery phase.　　Momentum remains elevated but has cooled from extreme conditions. The daily RSI previously pushed into overbought territory above 70 during the vertical portion of the rally. It has since retreated before beginning to turn upward again. This reset is constructive because NEAR managed to reduce its momentum excess

3 days agoIndustry

Hong Kong plans new licenses across 4 crypto services

Hong Kong has set out plans to submit legislation before the end of 2026 that would create licensing regimes for virtual asset dealing, custody, advisory and management services.　　Hong Kong Secretary for Financial Services and the Treasury Christopher Hui said during an Oct. 5 Legislative Council Finance Committee policy briefing that the government would introduce an amendment bill covering the four service areas this year. The plan follows consultations completed by the Financial Services and the Treasury Bureau and Securities and Futures Commission.　　The proposal would extend Hong Kongs licensing system beyond virtual asset trading platforms and stablecoin issuers. It does not mean the four new regimes have taken effect. The legislation must first be introduced to the Legislative Council and pass through the lawmaking process.　　Hong Kong wants licenses across four crypto services　　The planned bill covers virtual asset dealing, custody, advisory and management. Regulators have spent more than a year preparing separate rules for each activity before combining the legislative work into the next stage of Hong Kongs crypto framework.　　For virtual asset dealing, the proposed regime is designed to follow parts of the framework used for Type 1 securities dealing. The SFC would license and supervise firms carrying out covered dealing activities,

3 days agoIndustry

Ripple Private Credit Partner Clearpool Finalizes Token Move to XRP Ledger

Institutional credit marketplace Clearpool is officially changing its blockchain home as it prepares to replace its key asset. The projects community has overwhelmingly approved — with 97.16% voting in favor — a major expansion onto the XRP Ledger (XRPL) and the full migration of its native CPOOL token to a new asset, CLEAR.　　The move closes the strategic discussion phase and formally establishes the framework for an alliance with Ripple in the rapidly growing sector of on-chain lending backed by real-world assets (RWA Private Credit).　　Unlike traditional DeFi protocols built around speculative loans collateralized by volatile crypto assets, Clearpool is bringing infrastructure to XRPL for financing working capital in the real fintech sector.　　The deals structure is pragmatic: the platform provides the technology rails and smart contracts, credit manager Cicada Partners audits borrowers and underwrites risk, while Ripple joins the pools as a limited partner.　　Financing will be conducted exclusively in the dollar stablecoin RLUSD (Ripple USD), giving the coin its first organic circulation among institutional investors. Custody provider Hex Trust, a longtime Ripple partner, will provide additional security and compliance bridges for the arrangement.　　Why replace one token with another？ (And what does fee burning have to do with it？)　　The 1:1 token migration is

3 days agoIndustry

US expands Hamas sanctions after tracing crypto transfers from France

The US sanctioned two French charities and three individuals after alleging they helped channel cryptocurrency and other funds to Hamas.　　The Treasury Departments Office of Foreign Assets Control (OFAC) added Association Baraka, Ensemble C Mieux, Faouzi Barika, Amel Oualid and Saleem Abdallah Saleem al-Zaq to its sanctions list on Oct. 2, expanding the roster of counterparties that crypto exchanges and payment firms subject to US rules must screen.　　Treasury alleges Barika and Oualid, both based in France, sent hundreds of thousands of dollars in cryptocurrency to al-Zaq, whom the agency described as a Gaza-based deputy battalion commander in Hamas military wing. The two fundraisers and associated organizations collected more than $2 million for Hamas between 2020 and 2026, according to Treasury.　　The agency did not say that the entire $2 million was transferred using digital assets, distinguishing that broader fundraising figure from the cryptocurrency transactions it specifically attributed to Barika and Oualid.　　The designations extend US efforts to disrupt Hamas financing networks at a time when authorities are increasingly tracing digital-asset transfers alongside traditional banking and cash-based channels. They also immediately bring the sanctioned parties within OFACs existing restrictions governing property held by US persons or moving through US jurisdiction.　　Crypto firms face new screening

3 days agoIndustry

Will Sui price reach $2 as AI and stablecoin use grows？

Sui price has climbed 4.43% to $1.23 as Mysten Labs co-founder Adeniyi Abiodun outlined a strategy centered on global payments, stablecoins and AI-agent transactions, while traders watch $1.27 as the next technical hurdle.　　Wu Blockchain published the interview on Oct. 5, with Abiodun arguing that Sui should be viewed as payment infrastructure capable of moving money globally instead of simply another Layer 1 blockchain.　　CoinGecko data showed SUI near $1.23 during the session, with a market value close to $5 billion and roughly $878 million in 24-hour trading volume. The token had traded between approximately $1.17 and $1.26 during the day.　　Abiodun said Sui‘s long-term ambition was to compete with traditional payment infrastructure, going as far as saying its goal over the next several years is to “replace SWIFT.”The statement represents Mysten Labs’ long-term view and does not amount to a forecast that Sui will displace the global bank messaging network.　　Sui price is closing in on the $1.27 level　　On the weekly chart, SUI is trading above the upper Bollinger Band near $1.19, while the 20-week middle band sits around $0.83 and the lower band near $0.46.　　Price moving above the upper band shows stronger upside momentum compared with its recent weekly range, though it

3 days agoIndustry

U.S. crypto tax deadline: What investors need to know by Oct. 15

U.S. crypto investors who received a filing extension have entered the final stretch before the Oct. 15, 2026 deadline for their 2025 federal returns, while taxes owed were generally due in April.　　The IRS says taxpayers who requested an extension by the April 15 deadline received additional time to file through Oct. 15, but the extension did not postpone payment of taxes due. Interest and possible late-payment penalties have been running on unpaid balances since the original deadline.　　For crypto investors, the deadline arrives during the first federal filing season in which many custodial brokers have reported 2025 digital-asset sales on Form 1099-DA. The new form gives the IRS more transaction data, yet most 2025 statements do not provide the investors cost basis.　　U.S. crypto tax deadline applies to extension filers　　Oct. 15 is not a special deadline covering every U.S. person who owns Bitcoin, Ethereum or other digital assets. It is the extended filing date for most calendar-year individuals who timely obtained an extension for their 2025 federal income tax return.　　IRS Publication 17 lists April 15, 2026 as the regular deadline for most calendar-year taxpayers and Oct. 15 as the deadline for returns covered by an automatic extension. The agencys e-file calendar separately

3 days agoIndustry

Trump adviser calls for Powell exit, could Bitcoin benefit？

President Donald Trump‘s chief economic adviser has called for former Federal Reserve Chair Jerome Powell to leave the central bank’s board, opening another debate over the Feds policy direction weeks after officials raised interest rates for the first time in three years.　　According to Bloomberg, National Economic Council Director Kevin Hassett said on Fox News‘ Sunday Morning Futures that it was time for Powell to “move on” after an internal watchdog report found management problems tied to the renovation of the Federal Reserve’s Washington headquarters.　　“I think that its time for him to move on and to respect the independence of the Fed,” Hassett said when asked whether Powell should resign.　　President Trump separately called for Powell to be “forced to resign from the Board” following the report, continuing pressure on the former chair after repeatedly pushing the central bank to lower borrowing costs during Powells tenure.　　For Bitcoin, Powells position matters because he remains a member of the Federal Open Market Committee even after Kevin Warsh replaced him as Fed chair in May. A departure would create a vacancy on the seven member Board of Governors that Trump could nominate someone to fill, subject to Senate confirmation.　　Any effect on Bitcoin would depend less

3 days agoIndustry

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