Bitcoin ETFs Have Nearly Recovered Early Year Losses, Adding $2.5 Billion in Last Month

Mayor Eric Adams established the Office of Digital Assets and Blockchain Technology to support the growth of digital assets and blockchain in New York City. The office, led by a director appointed by the mayor, aims to attract investment and talent from the crypto industry.

Binance is allocating $400 million for the "Together Initiative" to compensate users affected by forced liquidations between October 10 and 11, with losses of at least $50. The initiative will distribute amounts ranging from $4 to $6,000 based on users' liquidation loss amount and ratio.

Laura Loomer's viral post alleging a lobbying effort to persuade President Trump to pardon Sam Bankman-Fried stirred controversy, but evidence of such an organized campaign remains scarce. Despite speculation and betting odds, no official action or lobbying disclosures support the claim.

The Virtual Asset Service Providers Bill 2025 was recently enacted by Kenya's parliament, awaiting President William Ruto's signature to regulate crypto service providers and prevent industry misuse. Key regulatory bodies like the Central Bank of Kenya and the Capital Markets Authority will oversee different aspects of the industry.

A bill introduced by Rep. Troy Downing aims to turn President Trump's executive order on crypto and 401(k)s into federal law. The bill, named the Retirement Investment Choice Act, seeks to provide Americans with access to alternative assets like cryptocurrencies for retirement savings.

Monad recently disclosed details about its MON token airdrop, targeting 5,500 community members and 225,000 crypto enthusiasts. The Foundation employed strict measures to identify eligible recipients, including on-chain users and NFT collectors.

Elon Musk recently praised Bitcoin's energy consumption, highlighting its role in countering the debasement of fiat currencies. This marks a shift from his previous criticism of Bitcoin's electricity usage in 2021. Despite Tesla's history with Bitcoin, the company has reduced its holdings significantly.

The United States is seeking the forfeiture of 127,271 Bitcoin, valued at over $14.2 billion, in a civil complaint against Chen Zhi, founder of Prince Holding Group. Zhi is accused of running scams that defrauded victims globally of billions of dollars.

According to Wall Street broker Bernstein, Circle (CRCL) may face revenue impact if U.S. rates drop significantly, but stablecoin demand and operational efficiency could mitigate losses. Analysts predict a potential 33% compound annual growth for Circle's USDC by 2027.

Cantor Fitzgerald analyst Brett Knoblauch believes IREN has significant potential due to its focus on AI Cloud Services, similar to CoreWeave. Despite the stock's recent performance, Knoblauch sees further growth potential, especially considering the discounted valuation compared to its peers.