Crypto weekly is authored by maaria bajwa

PRICE CHANGE: WTD/YTD
- Crypto Market Cap ($2.98T): +1% / -2%
- BTC ($85,332): +1% / -2%
- ETH ($2,700): 0% / -9%
- SOL ($121): 0% / -2%
- HYPE ($90): -1% / +255%
- COIN ($183): -6% / -19%
- Tether Mkt Cap ($184B): 0% / -2%
- USDC Mkt Cap ($74B): -1% / -3%
- BTC / ETH Dominance: 58% / 11%

THIS WEEK IN CRYPTO
- Bitcoin passed $86,700, its highest price YTD, but fell after a weak jobs report led to a small market sell-off in risk assets. Link.

- Tokenized real-world assets have exceeded $34 billion in 2026, more than half of which is cash equivalents. Tokenized stocks have risen more than 25x this past year, with over 1 million active holders. Link. Dune Report.

- Robinhood’s stock-token volume is already high enough to run into caps set out in the SEC’s innovation exemption for tokenized US equities announced last week. Link.

- The top 185 tokenholders of the $TRUMP memecoin will be invited to a November gala dinner with the president. Link.

- Spot bitcoin ETFs recorded $2.65 billion in net inflows in September, the second-largest monthly inflow since October 2025. Link.

- The European Parliament’s economic affairs committee voted 43–13 to back the digital euro, a proposed ECB digital currency offering free, universally accepted payments. Link.

- Cloudflare launched Monetization Gateway, letting businesses charge AI agents in USDC for online services without requiring human sign-ups or credit cards. Link.

- The Independent Community Bankers of America sued the OCC in federal court, challenging rules expanding crypto firms’ access to national trust bank charters. Link. Link.

- A Senate Democratic report found that 84% of 846 wallets sanctioned over ties to Iran were exclusively using USDT to transact. Link.

- EIP-8363, a proposal to burn more Ethereum validator rewards as more Ethereum is staked, has been withdrawn from consideration for the network’s Hegota upgrade. Link. Link.

- Longtime crypto advocate Hester Peirce left the SEC after an eight-year stint as a commissioner. Link.

- Morgan Stanley has set up a Digital Asset Lab to test technologies including stablecoins and DeFi apps, without putting the bank’s core systems at risk. Link.

- Blockchain.com is seeking to raise $500 million in an IPO this year, targeting a valuation between $4 and $6 billion. Link.

- Lloyds and Visa completed a seven-day live pilot using stablecoins to settle $750,000 of payment obligations. Link.

- The SEC proposed a new regulatory framework allowing for self-custody of crypto assets by investment advisers and regulated funds. Link. Proposal.

- European officials are questioning Binance’s continued operations without a license. The exchange is still onboarding European customers through “reverse solicitation,” which allows clients to seek out its services. Link.

- Citigroup is partnering with Coinbase to allow the bank’s institutional clients to accept stablecoin payments at checkout. Stablecoins would be automatically converted into fiat for merchants. Link. Link.

- Open USD (OUSD), the dollar stablecoin backed by Coinbase, Mastercard, Shopify, Stripe and Visa, went live to the public. Link.

- The Ethereum Foundation released zkAPI, a system that lets users pay for AI models and other APIs without revealing their identities. Link. Link.

- California Governor Gavin Newsom signed legislation barring the state’s public officials from issuing memecoins. Link.

- Cboe and S&P Dow Jones Indices are exploring tokenized options as part of a licensing deal extended through 2051. Link.

- Bitwise launched a Near ETF on NYSE Arca under the ticker NRR. Link.