In a statement shared after this article’s publication, Paige Pidano Paridon, the executive vice president and co-head of regulatory affairs at the Bank Policy Institute said, “BPI supports efforts to bring innovative new products and services into the regulated banking ecosystem, provided that the entities engaging in those activities are subject to the same rules […]
Archives for October 2, 2026
BNY in talks with Kraken parent Payward over infrastructure partnership
Nasdaq Ventures agreed last month to invest $100 million in Payward at a $21 billion valuation while expanding the companies’ collaboration on tokenized equities. Under that agreement, Nasdaq and Payward will continue to develop the operational and commercial infrastructure for Nasdaq Equity Tokens. Payward will also adopt Nasdaq’s market-surveillance technology across its crypto, equities, tokenized-equities, […]
Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%
The chain’s economics deteriorated quickly as speculative capital moved elsewhere and activity faded. Total value locked peaked over $2 billion in June 2024, according to DeFiLlama, and has since fallen to only $32 million. Meanwhile, Blast generated just $1,793 in revenue from network usage last month, down from a peak of about $3.5 million in […]
Possible next crypto czar, Jay Clayton, began crypto’s regulation-by-enforcement at SEC
Clayton, who did not respond to a message from CoinDesk, previously served as the U.S. attorney for the Southern District of New York before being appointed this year as Trump’s director of national intelligence. If he becomes a leader in the positioning of the new technology, the AI industry could note his record as a […]
America at a crossroads: Commissioner Peirce’s parting challenge
Today is Hester Peirce’s last day as an SEC Commissioner. The digital asset industry, and every American who believes regulation should mitigate risk and foster innovation, owes her an enormous debt of gratitude. For more than eight years, Commissioner Peirce served as a principled voice at the Commission. Under the previous SEC Chairman, she frequently […]
U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
The U.S. labor market showed weakness in September, potentially giving the Federal Reserve room to hold interest rates even as inflation remains elevated. The U.S. added 29,000 jobs in September, according to the government’s Nonfarm Payrolls Report released Friday morning. That was below the consensus forecast of 90,000 and compared with August’s gain of 133,000 […]
Cboe wants to turn VIX into a never-ending trade
In contrast, perpetual swaps never expire. Instead, they use a funding rate mechanism to anchor the contract price to the spot index, theoretically offering investors the closest possible proxy to trading the actual VIX spot price. “Traders don’t have to worry about expiries and decay and just focus on the direction of where they think […]
Live updates: Bitcoin, gold and tech futures edge higher as markets await U.S. jobs report
Bitcoin is up almost 2% over the past 24 hours, trading above $86,000 as markets await the week’s biggest macroeconomic release, the U.S. jobs report. The unemployment rate is expected to hold steady at 4.1%, with nonfarm payrolls forecast to rise by 90,000. Precious metals are also edging higher, with gold trading just below $4,200 […]
Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%
Crypto is a sea of green ahead of Friday’s U.S. jobs report. Bitcoin traded above $86,000 at 9:10 UTC, up 3.4% over 24 hours. Ether ETH$2,749.57, XRP (XRP), solana (SOL) and BNB also rose, though none kept pace with bitcoin. The bigger moves came further down the list. SKY, AAVE and APT jumped 7% to […]
Bitcoin open interest jumps $2.3 billion as traders pay more for bullish positions
Bitcoin derivatives activity is picking up ahead of Friday’s U.S. jobs report, with traders adding positions as the price climbs above $86,000. Open interest has risen to approximately 653,000 BTC ($56.2 billion) from 626,000 BTC on Sept. 30, according to CoinGlass data, an increase of 27,000 BTC ($2.3 billion), or roughly 4.3%. Open interest measures […]









