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The U.S. SEC approved on Oct. 2 a proposed rule change to allow the exchange listing of Volatility Shares’ 3x leveraged Bitcoin and Ethereum ETFs, along with ETFs tied to gold, silver, crude oil and natural gas. According to an SEC document, the approval covers a rule change filed by Cboe BZX Exchange. The approved products include the 3x leveraged Bitcoin ETF (BITH) and the 3x leveraged Ethereum ETF (ETHK). The two funds each aim to track three times the daily return of their underlying assets. The approval applies to the exchange’s listing rules, and separate procedures are still required before actual trading can begin.

Canary Capital has submitted an amended securities registration statement to the U.S. SEC for a PEPE spot ETF, Bloomberg Senior ETF Analyst Eric Balchunas said. Balchunas said Canary Capital’s push to launch a PEPE spot ETF could be another sign the crypto winter has ended, adding that just a few months ago it would have been difficult even to consider such a product, while improved market conditions now appear to support testing its launch. PEPE was trading at $0.000004223, down 4.29%, according to CoinMarketCap.

Uniswap accounted for about 60% of stock-token, or tokenized equity, trading volume on decentralized exchanges in September, ranking first, Crypto Briefing reported. Stock-token DEX volume surged 10,163.7% from a year earlier to $48.7 billion, with Uniswap v4 and v3 taking 40.7% and 19.4% shares, respectively. The share of stock-token trading in total DEX spot volume expanded to more than 4% this year from about 0.1% at the end of last year. Crypto Briefing said stock tokens are drawing attention for allowing 24-hour trading, while liquidity remains fragmented across multiple platforms and blockchains.

The three major U.S. stock indices closed higher today. - S&P 500: +0.73% - Nasdaq: +1.19% - Dow Jones: +0.49%

The Independent Community Bankers of America has sued the Office of the Comptroller of the Currency, arguing the regulator abused its authority by allowing cryptocurrency companies to obtain national trust bank charters, according to Crypto Briefing. The group said the move goes beyond what the National Bank Act permits and argued the OCC had effectively altered its own role without congressional approval. It also said the policy lets companies avoid obligations that apply to traditional banks.

U.S. SEC Chairman Paul Atkins said the agency’s formal proposal of a new regulatory framework for crypto custody by investment advisers and regulated funds is part of a broader effort to establish a more comprehensive crypto regulatory framework, and additional crypto proposals will follow, Watcher.Guru reported.

Major exchanges have seen $162 million worth of futures liquidated in the past hour. In the past 24 hours, $550 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $84,000. BTC is trading at $83,955.6 on the Binance USDT market.

ZEC has fallen by 3.69% in the past five minutes on the COINNESS market. Currently, ZEC is trading at $1,283.5.

LINK has fallen by 3.14% in the past five minutes on the COINNESS market. Currently, LINK is trading at $13.55.

Fidelity is exploring ways to broaden access to its Ethereum-based tokenized money market fund, Crypto Briefing reported. The firm is reviewing possible eligibility expansions for its on-chain cash product, as well as the potential introduction of daily or intraday yield features, according to Crypto Briefing. The fund token is currently available only to accredited and institutional investors, and Fidelity is seeking ways to make it accessible to a wider investor base.

Crypto bank Anchorage Digital has cut 17% of its workforce amid industry-wide cost pressure, The Information reported. The company said the decision was not tied to any specific event or business unit. Anchorage Digital also laid off 75 employees, or about 20% of its staff at the time, in March 2023.

BNY, the world’s largest custodian bank and formerly Bank of New York Mellon, is in talks with Payward, Kraken’s parent company, on a broad partnership spanning digital assets and financial market infrastructure, CoinDesk reported, citing industry sources. The partnership could cover cryptocurrency products, custody, asset management, trading, payments and infrastructure, according to the report. The services are expected to be offered through Payward’s B2B platform. One source said the arrangement could resemble the infrastructure component of Payward’s recent deal with Nasdaq.

According to CoinNess market monitoring, BTC has fallen below $85,000. BTC is trading at $84,961.39 on the Binance USDT market.

About three-quarters of major UK financial institutions expect tokenization to reshape financial services, Cointelegraph reported, citing a survey by Lloyds Banking Group, the UK’s largest financial services provider. The survey of 100 senior decision-makers at major local banks, insurers, asset managers and investment firms found 60% identified faster payments and clearing and settlement as tokenization’s biggest benefit, while 41% pointed to better collateral and liquidity management.

Aave Labs has proposed establishing a foundation to unify the Aave brand and intellectual property, according to The Defiant. Under the proposal, the foundation would hold Aave IP under DAO oversight. In the first phase, Aave Labs plans to set up a legal entity in the Cayman Islands and appoint independent officers, while any transfer of trademarks, domains and the codebase would be decided through a later governance vote.

South Korean exchanges Upbit, Bithumb and Coinone announced BLAST has been placed on a delisting watchlist. The move follows an earlier announcement by the Blast Foundation that it plans to shut down the mainnet as profitability deteriorates.

Matt Cole, CEO of Bitcoin-buying company Strive (ASST), said the digital credit market’s capitalization could reach trillions of dollars by 2030 and serve as a bridge in the transition toward a globally hyperbitcoinized future, BitcoinTreasuries reported. Cole added trust in fiat currencies would continue to decline.

Alex Shevchenko, who leads cross-chain protocol NEAR Intents, said on X that all funds stolen in a hack worth about $3.8 million had been returned and the related investigation would be halted. Shevchenko added that instead of carrying out service-disrupting attacks, users should use the bug bounty program. He had previously warned that the attacker had been identified and called for the funds to be returned within 48 hours.

SBI Holdings has completed its acquisition of Japanese cryptocurrency exchange bitbank for $290 million, News Bitcoin reported. Following the deal, SBI is expected to hold about $6.97 billion in custody assets and 2.92 million cryptocurrency accounts across the group, making it Japan’s largest exchange operator by custody assets.

Trading in memecoins on Robinhood Chain is surging, with volumes tied to Robinhood stock tokens reaching about $440 million as of Oct. 2, Bloomberg reported. By directly linking memecoins and tokenized stocks in liquidity pools, the stock tokens are being used as trading infrastructure for memecoin speculation, according to Bloomberg. On Sept. 2, memecoin-stock token trading volume hit $217 million, exceeding the same day’s direct stock token trading volume of $127 million.

Whale Alert reported that 2,398 BTC has been transferred from Coinbase to an unknown wallet. The transaction is valued at about $205 million.

Ethereum layer-two network Blast officially announced a full shutdown of chain operations, saying maintenance costs for the L2 network have far exceeded the revenue it generates, making sustainable operations impossible.

Taiwanese singer Jeffrey Huang, better known as Machi Big Brother, made a total of $1.34 million from 10 PUMP trades over the past five days, Onchain Lens reported. Huang currently holds long positions worth 33,950 ETH ($92.56 million), 409 BTC ($35.22 million) and 180,000 HYPE ($16.16 million).

Lido said it will revise the fee model for EarnUSD, its yield vault based on stablecoins, to introduce lower fixed fees, greater flexibility and a structure tied directly to vault performance. Lido said the previous model centered on platform fees, while the new structure places greater emphasis on performance-based fees. Under the change, the assets under management fee will shift from 1% to as high as 0.5%, while the performance fee will rise from 10% to as high as 20%. The initial rates are set at 0.2% for the assets under management fee and 15% for the performance fee. Lido added lowering the assets under management fee from 1% to 0.2% would reduce the cost of holding EarnUSD when yields are low.