1. Today's Highlights
The U.S. Securities and Exchange Commission (SEC) has formally issued its proposed “innovation exemption” and opened it for public comment. The proposal would allow tokenized National Market System (NMS) stocks to trade on-chain under the SEC’s existing statutory authority. The SEC said the move aims to advance the digitization of U.S. capital markets and establish a regulatory pathway for traditional stocks to circulate on-chain.
2. BTC Market Performance
According to Cointelegraph, U.S. spot Bitcoin ETFs saw net outflows of $485 million in a single day, the largest daily outflow since June this year. The pullback in spot markets weighed on derivatives markets, with Decrypt reporting that total liquidations of crypto asset long positions across the market exceeded $500 million in the evening.
3. ETH/SOL Developments
According to Decrypt, Samsung Wallet has selected the Solana blockchain network to offer USDC cross-border transfers to approximately 82 million Galaxy devices across the U.S. The service is expected to officially launch in late October.
4. Regulatory Developments
Regulators in several countries are advancing detailed rules in parallel. The SEC has proposed new rules to establish a tailored crypto asset custody framework for registered investment advisers and regulated funds. The Federal Reserve has opened a public consultation on the regulatory framework for regulated payment stablecoin issuers under the GENIUS Act. Meanwhile, the European Securities and Markets Authority (ESMA) has notified crypto service providers that they must phase out non-compliant stablecoins within three months.
5. Institutional Developments
According to Decrypt, crypto exchange OKX has completed a new funding round, maintaining a valuation of $25 billion. Participants include Circle, Ripple, and Standard Chartered. The valuation is in line with the entry valuation of the parent company of the New York Stock Exchange several months ago.
Tomorrow's key watchpoints:
1. Follow-up fund flows into U.S. spot Bitcoin ETFs and institutional net subscriptions and redemptions.
2. Public feedback from traditional financial institutions on the SEC's tokenized stock exemption proposal and new custody rules.
#加密市场 #RegulatoryCompliance
The U.S. Securities and Exchange Commission (SEC) has formally issued its proposed “innovation exemption” and opened it for public comment. The proposal would allow tokenized National Market System (NMS) stocks to trade on-chain under the SEC’s existing statutory authority. The SEC said the move aims to advance the digitization of U.S. capital markets and establish a regulatory pathway for traditional stocks to circulate on-chain.
2. BTC Market Performance
According to Cointelegraph, U.S. spot Bitcoin ETFs saw net outflows of $485 million in a single day, the largest daily outflow since June this year. The pullback in spot markets weighed on derivatives markets, with Decrypt reporting that total liquidations of crypto asset long positions across the market exceeded $500 million in the evening.
3. ETH/SOL Developments
According to Decrypt, Samsung Wallet has selected the Solana blockchain network to offer USDC cross-border transfers to approximately 82 million Galaxy devices across the U.S. The service is expected to officially launch in late October.
4. Regulatory Developments
Regulators in several countries are advancing detailed rules in parallel. The SEC has proposed new rules to establish a tailored crypto asset custody framework for registered investment advisers and regulated funds. The Federal Reserve has opened a public consultation on the regulatory framework for regulated payment stablecoin issuers under the GENIUS Act. Meanwhile, the European Securities and Markets Authority (ESMA) has notified crypto service providers that they must phase out non-compliant stablecoins within three months.
5. Institutional Developments
According to Decrypt, crypto exchange OKX has completed a new funding round, maintaining a valuation of $25 billion. Participants include Circle, Ripple, and Standard Chartered. The valuation is in line with the entry valuation of the parent company of the New York Stock Exchange several months ago.
Tomorrow's key watchpoints:
1. Follow-up fund flows into U.S. spot Bitcoin ETFs and institutional net subscriptions and redemptions.
2. Public feedback from traditional financial institutions on the SEC's tokenized stock exemption proposal and new custody rules.
#加密市场 #RegulatoryCompliance