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NVIDIA CEO Jensen Huang stated that the top priority is to strip AI entities of their privileges.

The Hong Kong Accounting and Financial Reporting Council (AFRC) announced the signing of a new Memorandum of Understanding with the Hong Kong Securities and Futures Commission, expanding regulatory cooperation beyond the oversight of financial reporting and related auditing work of listed entities.This includes the financial and compliance reporting of licensed corporations, SFC-licensed virtual asset service providers, SFC-recognized funds, and registered open-ended fund companies, as well as the related auditing and assurance work conducted by their auditors.

According to Digital Asset, Yoon Jong-joon, the digital financial policy officer of the Financial Services Commission (FSC) of South Korea, stated that they are considering introducing a market maker system for the virtual asset market to enhance market efficiency and stability. Although the current "Virtual Asset User Protection Act" prohibits market-making activities, this move indicates that the FSC intends to revisit and consider the introduction of this mechanism in the second phase of the legislative process.Yoon Jong-joon also mentioned that exchanges need to have sufficient capital and operational capabilities, and core functions (such as transaction execution, trading support, and abnormal trading monitoring) may shift from self-regulatory oversight to public regulation; governance rules related to major shareholders and management are expected to be strengthened; after the bill is enacted, it is expected to promote business diversification, the establishment of a trustworthy trading environment, a digital asset issuance and disclosure system, a Korean won stablecoin, and enhanced user protection, among other things.

MistTrack disclosed that following the $1.46 billion hacking incident at Bybit last year, where nearly $1.2 billion in stolen funds were transferred via THORChain, Bitget has recently experienced another significant security incident, with stolen funds suspected to have once again flowed through THORChain.In response, THORChain officials stated that their protocol, like Bitcoin, Ethereum, and BNB Chain, belongs to a decentralized and permissionless network.

Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), announced she will resign on October 2. She published her resignation letter on social media platform X on Friday, revealing this date. Peirce is known in the industry as "Crypto Mom," having long advocated for clear rules for the crypto industry. During the tenures of Jay Clayton and Gary Gensler as chairmen, the SEC took a tough enforcement stance on crypto, while she continued to push for industry regulation. During the Trump administration, she was involved in rule-making and was appointed last year to lead the newly established SEC crypto working group.Her work in crypto encompasses policy statements and guidance on areas such as mining, staking, and meme coins, with the most important aspect being the classification and definition of various crypto assets to clarify regulatory jurisdiction. Recently, the SEC began proposing formal rules, the first being "Regulation Crypto Assets," which establishes a framework for issuing crypto assets that does not trigger strict securities regulation. The SEC also opened a path for tokenization of securities, known as "innovation exemptions," to initiate the era of securities tokenization with a five-year limited period.Peirce will become an associate professor at Regent University School of Law. After her departure, the SEC will have only two commissioners left, Atkins and Mark Uyeda, and the rules allow the two to constitute a quorum. On the same day, the SEC released a frequently asked questions document on crypto assets, addressing how to avoid triggering the "necessary managerial efforts" determination when marketing tokens, and discussing issues such as when staking receipt tokens and secondary markets are considered "promoters" of investment contracts.

Summer Mersinger, former commissioner of the U.S. Commodity Futures Trading Commission (CFTC), will step down as CEO of the industry advocacy organization Blockchain Association at the end of the year and leave the organization. The organization announced on Friday that Mersinger will officially resign on October 16, and her predecessor, Kristin Smith, will return as interim CEO. Mersinger joined Blockchain Association in June 2025, after leaving the CFTC three years before the end of her second commissioner term.When discussing her departure, Mersinger stated that she came here from the CFTC because she believes the industry deserves clear rules and a credible and unified representative to speak for it in Washington. The Blockchain Association highlighted Mersinger's work in promoting the GENIUS Act and helping to achieve regulatory clarity at the SEC and CFTC in its statement.Notably, the organization did not mention the Digital Asset Market Clear Act currently under consideration in the Senate. This bill failed to gain enough support from Democratic and Republican lawmakers in a procedural vote earlier this month, and many experts expect the legislation to be shelved until 2027. The Blockchain Association did not immediately respond to inquiries about Mersinger's plans for 2027.

According to CoinDesk, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has called for a reevaluation of the regulatory approaches to Know Your Customer (KYC) and Anti-Money Laundering (AML). She believes that the practice of "the more data, the better" creates an overwhelming amount of information, making it harder to identify the issues that truly need attention.Peirce stated that zero-knowledge proofs can be used to verify compliance without exposing personal data. This perspective was cited in insights published by CoinDesk on its X account.

According to Bitcoin.com, Hive Digital Technologies has filed a complaint with the European Commission regarding the Swedish VAT dispute. The Swedish Tax Agency reclassified the data center services of its two Swedish subsidiaries as self-mining and retroactively applied this classification to relevant operations since 2022.This classification excludes the relevant operations from VAT collection, and the input VAT that the subsidiaries have received may need to be returned. Hive believes that its subsidiaries provide computing power services to specific clients under contract, which should be considered taxable operations. The Swedish court refused to submit the issue to the Court of Justice of the European Union. Hive stated that the court did not provide a reason for the refusal and has submitted the dispute to the European Commission.

Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), stated at the SIFMA Digital Assets Conference that regulators should reconsider traditional financial monitoring methods, shifting from "collecting more data" to utilizing new technologies for more precise verification.Peirce mentioned that technologies like zero-knowledge proofs can verify whether users meet requirements such as age, citizenship, accredited investor status, or sanctions lists without disclosing underlying personal information like names, income, or addresses.Hester Peirce suggested that the federal government and regulatory agencies adopt attribute-based verification when technically feasible and allow registered entities to rely more on third-party identity verification to reduce the redundant collection and storage of sensitive information.Peirce also stated that public blockchains have permanent, public, and auditable transaction records, and combined with blockchain forensic tools, they are expected to enhance the ability to track illegal activities while reducing unnecessary data collection.

Fox Business crypto reporter posted on the X platform that SEC Commissioner Mark Uyeda stated that the SEC has withdrawn multiple cryptocurrency cases left over from the previous administration, as continuing to defend legal interpretations that are set to be overturned would damage the SEC's credibility.Uyeda mentioned that the commission is preparing to make a "180-degree turn" on the relevant interpretations. He also stated that the SEC's innovative exemptions for tokenized securities are a "pilot program," which could create more opportunities for newcomers and traditional financial companies.

According to the Financial Times, Chinese authorities are reviewing the use of Broadcom hardware by state-owned data centers to support domestic manufacturers and reduce reliance on foreign artificial intelligence infrastructure. The State-owned Assets Supervision and Administration Commission has been investigating how many Broadcom switches are used by state-controlled data centers in recent weeks, according to two informed sources.One of them stated that the penetration rate of Broadcom switches in state-owned enterprises could be as high as 90%, and preliminary results may lead the commission to issue informal guidance to reduce the use of Broadcom switches in domestic data centers. The sources indicated that state-owned data centers are no longer allowed to use NVIDIA products but still use a large number of Broadcom switches. The commission is also investigating whether Broadcom is leveraging its market-leading position to bundle other products or requiring one-time purchases of tens of thousands of switch chips.The sources noted that these practices have restricted Chinese companies like H3C and Ruijie Networks from placing orders with other switch manufacturers such as Huawei. H3C and Ruijie Networks are often included in the procurement recommendation lists for government agencies, public institutions, and state-owned enterprises, which spend billions of dollars annually on information technology products.

The Hong Kong Securities and Futures Commission announced the implementation of the strategic action plan for the first five-year plan, which will shortly introduce a new licensing system for digital assets, and implement digital asset custody supervision, CrypTech market supervision, and anti-money laundering capability building.In the medium to long term, it will develop a regulatory framework for tokenized investment products as needed, covering tokenized gold and other real-world assets. The agency will also support the Hong Kong Special Administrative Region government in establishing a central clearing and settlement system for gold, and developing gold and commodity products priced in Renminbi.

The PermissionDelegationV1_1 upgrade of the XRP Ledger entered a 14-day activation countdown on September 21, having received support from 29 of the 35 trusted validator nodes. If the support rate remains above 80% during this period, the upgrade could officially activate as early as October 5 at 11:18 UTC; at least 28 validator nodes must continue to support it, or the countdown will reset.This feature allows accounts to split permissions by role. For example, a stablecoin issuer can allow a connected compliance system to approve customer accounts holding its tokens while keeping the keys with full control offline; operational accounts can gain payment permissions but cannot change keys or delegate authority to others. Each trustee can have up to 10 permissions, and the main account can modify or revoke them at any time.This is the network's second attempt to introduce this feature. The original version had vulnerabilities that attackers could exploit to make others pay transaction fees with improperly signed transactions, and by repeatedly submitting high-fee transactions, they could deplete the victim's XRP balance. This vulnerability was reported by community testers on September 15, 2025, and validator nodes were advised to reject the amendment, so it was never activated. The fixed version was released with xrpld 3.3.0, changing the way unauthorized transactions are rejected, ensuring that fees are not deducted before signature verification.

NASA and SpaceX are targeting Thursday, October 1, at 11:10 AM Eastern Time (11:10 PM Beijing Time) as the earliest launch window for the Crew-13 mission.

Cryptocurrency analyst Chen Mo posted that Binance's USDe briefly deviated to $0.92 today, and the last incident on October 11 was also related to USDe, while the on-chain price has remained stable.Chen Mo stated that the order book for USDe on CEX is very thin, and it supports USDe as collateral for opening positions. The risk transmission from October 11 started here, but afterwards, Binance included the actual redemption price of USDe into the price index, no longer relying solely on the order book quotes, theoretically preventing a repeat of the October 11 incident.

SEC Commissioner Hester Peirce and SEC Crypto Working Group Chief Legal Counsel Taylor Lindman stated in a joint interview that, under the SEC's new innovation exemption, the first tokenized stock trading venues could begin to take shape as early as next quarter. Lindman mentioned that institutions expect companies to release the required notices outlining their operational plans in the coming months, which will be the first public indication of which companies intend to enter the new market. He believes there will be a lag from the announcement to the first companies submitting their notices, possibly at some point next quarter.Last week, the SEC issued a five-year conditional exemption allowing eligible platforms to facilitate the licensed trading of tokenized versions of U.S. listed stocks on public permissionless blockchains through automated market makers and liquidity pools. This relief has taken effect, but venues must issue notices and outline operations, and notify the SEC within one business day after the announcement. Lindman described this model as more on-chain finance rather than DeFi, with each venue having a designated individual or entity responsible for operations and compliance with the exemption conditions.Peirce responded to industry concerns about limits on the number of stocks and trading volumes, stating that the limits are high enough for companies to operate feasibly. She views the restrictions as an iterative approach to bringing tokenized stocks into regulated markets, with the five-year relief not being permanent but rather a bridge to long-term rules. Another potential constraint is the issuer veto right: venues must give listed companies 30 days to object before offering tokenized versions of their stocks created by non-affiliated third parties. Peirce does not expect widespread objections.

Federal Reserve's Kashkari stated that the Fed's mission is to bring the inflation rate back to the 2% target. Inflation remains too high and is not solely due to oil price factors.

According to Cointelegraph, renowned gold bull and economist Peter Schiff stated that the announcement from the U.S. Securities and Exchange Commission regarding tokenized stocks could be bearish for Bitcoin. He believes that tokenized securities can offer similar convenience to Bitcoin while having a more reliable underlying asset value, which may weaken Bitcoin's appeal.

SpaceX stated that the Falcon 9 rocket and Dragon spacecraft will launch NASA's Crew-15, Crew-16, and Crew-17 missions from Florida to the International Space Station.

Sandeep Nailwal, CEO of the Polygon Foundation, stated that Polygon is preparing to deploy a permissionless burn contract that allows anyone to permanently burn 100 million POL, which accounts for approximately 83% of the 121 million tokens held by the Polygon base fee collector. The contract is currently live on the testnet and will be deployed to the mainnet after the security committee completes the final signature.The first round of burns will permanently destroy 100 million POL, after which community members can trigger burns every quarter. Polygon's documentation indicates that the base fee is determined by the network and will be burned, with Nailwal stating that each base fee will inject POL into the collector. Based on the above data, approximately 21 million POL will remain in the collector after the initial burn.This burn represents about 1% of the initial supply of 10 billion POL, and based on a total supply of approximately 10.716 billion as shown by Blockscout, it accounts for about 0.93%. The burn will not set a hard cap on POL, which will continue to be issued, with an annual issuance rate of about 2% after June 2025. Nailwal also mentioned that POL has entered deflation starting January 2026, citing data from his "ChatGPT Analyst" that Polygon's revenue in 2026 will be $24.5 million, higher than Arbitrum's $8.41 million and Near's $5.6 million.