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Umia, a platform that supports token launches and governance for crypto projects, raised $6.11 million through the sale of its UMIA token, The Block reported. The seven-day auction drew 10 institutional investors and about 700 retail investors. A total of 17.3 million tokens, equal to 34.6% of UMIA’s total supply, were sold in the auction, which implied a fully diluted valuation of $18 million at the time. The sold tokens were not subject to a lock-up. About 45% of the proceeds came from institutional investors, including Galaxy Ventures, Digital Currency Group (DCG), Draper Associates and Maven 11. The token is expected to launch in the fourth quarter of this year.

Large-scale investors, including sharks and whales, have moved back into profit as Bitcoin prices recover, according to Glassnode. Smaller investors remained in profit even at the June low, as their average purchase price was $48,000. Glassnode said this contrasted with the 2022 bear market, when Bitcoin traded below the average cost basis for every investor cohort and pushed the market broadly into losses from shrimp to whales.

The U.S. Commodity Futures Trading Commission is moving to establish its first formal rules for the crypto market and has submitted two proposals to the White House Office of Information and Regulatory Affairs, The Wall Street Journal reported. The proposals are Regulation Crypto Asset Transactions, or CTX, and Regulation Crypto Asset Markets, or CAM. CTX would govern crypto transactions involving leverage, margin, and financing, while CAM would create a new registration framework for crypto platforms offering those products. The move is seen as an effort to build a clearer regulatory framework instead of relying on an enforcement-led approach focused on individual cases. CFTC Chairman Mike Selig said the agency is pursuing rules that would create a federal regulatory framework allowing crypto exchanges to offer leveraged and margined spot trading to retail customers without congressional action. Unlike the Clarity bill, the proposal would not require crypto assets to trade exclusively on CFTC-registered platforms, he said.

Whale Alert reported that 2,500 BTC has been transferred from an unknown wallet to Bitfinex. The transaction is valued at about $214 million.

Draper Dragon, an investment firm led by Tim Draper, has led a strategic investment round in Bitcoin wallet provider Xverse, The Defiant reported. The investment amount and the company’s valuation were not disclosed.

The Nasdaq index hit another intraday record high on Oct. 5, local time, and at one point came close to the 27,400 level.

South Korea’s crypto economy totaled $449.1 billion from July 2025 to June 2026, the largest in East Asia, according to Chainalysis. Japan followed at $228.3 billion, ahead of Hong Kong at $192.2 billion, China at $176.3 billion and Taiwan at $140.4 billion. South Korea’s market grew 12.3% from a year earlier. Chainalysis found AI-related cryptocurrency trading stood out in South Korea. As of June 2026, AI coins were the largest thematic investment segment by won-denominated trading volume, surpassing payment tokens such as XRP. The share of won-based trading in AI coins was 19.5 times that of Japanese yen-based trading. Over the period, the most-traded AI-related token in South Korea was Worldcoin (WLD) at $7.41 billion, followed by SAHARA at $3.2 billion, VIRTUAL at $2.7 billion, BIO at $2.0 billion and NEAR at $1.7 billion. Chainalysis said South Korean retail investors are rotating within the AI theme faster and with greater intensity than in other markets.

Nasdaq-listed Solana treasury company DeFi Development (DFDV) said it bought an additional 26,203 SOL between Sept. 28 and Oct. 2, bringing its holdings to about 2.56 million SOL.

Former House Financial Services Committee Chairman Patrick McHenry said the Clarity Act could be taken up during the lame-duck period after the midterm elections, CoinDesk reported.

Solana ranked first in DEX trading volume for five consecutive weeks, outperforming all Layer 1 and Layer 2 chains, according to SolanaFloor.

Global payments company Stripe plans to expand its stablecoin card program to more than 100 countries by year-end, CoinDesk reported. Current users of the service include Kraken, Ramp and Morse. Henri Stern, who leads Stripe’s stablecoin and crypto business, said the goal is to integrate stablecoins as another payment option for consumers and businesses rather than replace existing fiat payment networks.

Binance announced plans to launch Binance Intelligence, which uses AI to analyze markets and design and execute trading strategies. The suite consists of three products: Binance AI, Binance AI Pro and Binance Agent OS. Binance AI, a free feature that integrates a range of market signals including cryptocurrency, stocks, macroeconomics and on-chain data, will be rolled out to users in phases starting today.

The three major U.S. stock indices opened mixed today. - S&P 500: +0.15% - Nasdaq: +0.26% - Dow Jones: -0.09%

The U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, has withdrawn existing proposed rules on self-hosted wallet transactions and crypto mixing, Zoomer News reported. The withdrawn proposals included the so-called Travel Rule proposal tied to self-hosted wallets and a separate proposal targeting crypto mixing transactions. The self-hosted wallet proposal had called for financial institutions to collect, keep and report additional identity information on virtual asset transactions over $10,000. Market participants see the move as easing long-running regulatory uncertainty around self-custody and DeFi, while a lower compliance burden on transactions involving non-custodial wallets could support on-chain activity and demand for self-custody, according to the report.

The number of wallets participating in peer-to-peer stablecoin trading in China has surged despite continued cryptocurrency restrictions, Chainalysis said, citing its own data. The blockchain analytics firm said the number of unique wallets sending P2P stablecoins in China rose 43-fold from the first quarter of 2024 to the second quarter of 2026. From July 2025 to June 2026, China recorded 18.1 million transactions tied to self-custodied stablecoins, with a total value of $104.1 billion, according to the data.

A GSR-linked address deposited 578,000 LINK worth about $8.25 million into Binance over the past two days, according to Onchain Lens. Exchange deposits are typically interpreted as being intended for sale.

Bitcoin whale flows to exchanges have shifted from net deposits to net withdrawals, Glassnode said, citing its own data. Glassnode said whale net deposits to exchanges had continued for more than three months over the summer, roughly twice as long as other net-deposit stretches seen since 2023, and that the trend ended in late August.

The spot CVD chart analyzes the order book for the BTC/USDT spot trading pair. The upper section shows the volume heatmap, while the lower section represents cumulative volume delta, or CVD. - The volume heatmap tracks trading volume by price range. Background colors become brighter when the price stays in a specific range for an extended period or makes a large move. Brighter zones may act as support or resistance. - The cumulative volume delta indicator shows buy and sell orders by capital size. As buy orders increase, the corresponding colored line moves higher. The yellow line reflects orders between $100 and $1,000, while the brown line reflects large orders between $1 million and $10 million, among others.

Tom Lee, chairman of Ethereum accumulation company DAT and Bitmine (BMNR), said in an interview with CNBC that until before last week’s jobs report, markets had been pricing in a strongly hawkish Federal Reserve stance. Lee said markets at the time had reflected the possibility of three additional rate hikes, with the odds of an October increase priced at around 75%. But weaker-than-expected employment data shifted the outlook, Lee said. Lee added that record highs in tech stocks and strength in cryptocurrencies are moves that would be difficult to see under tight financial conditions, indicating that stock and crypto markets are now front-running the possibility of easier financial conditions ahead, according to CNBC.

CryptoQuant contributor Darkfost said the ratio of meme coin market capitalization to altcoin market capitalization fell to 0.027, the lowest level on record. That puts meme coins at roughly 3% of the altcoin market by relative market cap. Darkfost said altcoins have recently shown relative strength while meme coins have remained weak, widening the gap between the two segments. Although such extreme divergence could support a strategy aimed at a meme coin rebound, Darkfost said that would amount to a high-risk investment. Darkfost added that a sharp increase in the number of altcoins and meme coins is also weighing on the sector, as limited liquidity is being spread across a larger number of tokens.

An anonymous whale address has kept a long position worth 35 million XRP ($53.11 million) for 46 days and is sitting on about $13.5 million in unrealized profit, The Crypto Basic reported. The address built an initial long position of about 20.03 million XRP on Aug. 19 at an average entry price of $1.068, using $1.07 million in collateral and 20x leverage. It added about 10 million XRP the next day, then another 5 million XRP on Aug. 22 using 2x leverage, bringing the total position to 35 million XRP. Based on an XRP price of $1.516, the liquidation price stands at $0.9534.

Bank of America raised its price target on Coinbase to $203 from $174 and maintained a "Buy" rating, Walter Bloomberg reported. The new target is about 16.7% higher than the previous one.

Plume has launched nBND, a tokenized vault built around Fidelity Total Bond ETF (FBND) as its main underlying asset, Wu Blockchain reported. The product is designed to give on-chain investors access to a broader bond portfolio rather than limiting exposure to short-term U.S. Treasuries and money market products.

Japan-listed Bitcoin treasury company Metaplanet said it made a net purchase of 1,000 BTC in the third quarter of its December fiscal year. The company sold 10,000 BTC and later repurchased 11,000 BTC, bringing its total Bitcoin holdings to 44,000 as of Sept. 30, according to a disclosure. Metaplanet also said it revised its capital allocation policy to keep around 85% to 90% of total assets in BTC. The company said it will continue to hold BTC as its most important treasury reserve asset and treat allocating roughly 85% to 90% of total assets to Bitcoin as a core principle, while planning to use the remaining roughly 10% to 15% for strategic investments tied to building a Bitcoin-based financial platform. Those strategic investments include mergers and acquisitions, yield-generating assets such as overseas Bitcoin-related securities, and investments in asset management businesses.

More than half of high-net-worth individuals in the U.S. and major European countries hold cryptocurrency, with ownership ranging from 54% to 70% by country, according to a CoinShares report. CoinShares said a survey of 2,230 high-net-worth individuals in the U.S., UK, France, Germany, Italy, Sweden and Switzerland found the highest crypto ownership rates in the U.S., UK and Germany at 70% each, followed by Switzerland at 69%, France at 66%, Italy at 58% and Sweden at 54%. Crypto investors generally allocated around 10% of their portfolios to the asset class, the report said. Among crypto investors, 80% held BTC, while 89% of BTC investors also held other cryptocurrencies. Separately, 79% of respondents supported stronger regulation of the digital-asset market, and 77% said Bitcoin will play an important role in the global financial system in the future.