Nasdaq-listed company Fold (FLD) announced a partnership with Stripe and Visa to launch a Bitcoin rewards credit card. Running on the Visa network, users will receive 2% instant Bitcoin cash back on every purchase, increasing to 3.5% when paying with a Fold checking account and up to 10% at select participating retailers. The card requires no collateral or exchange account, and rewards are automatically distributed in Bitcoin.

According to CME's "Fed Watch," the probability of the Fed keeping interest rates unchanged in October is 7%, and the probability of a 25 basis point rate cut is 93%. The probability of the Fed keeping interest rates unchanged in December is 1.3%, the probability of a cumulative 25 basis point rate cut is 22.5%, and the probability of a cumulative 50 basis point rate cut is 76.2%.

Acting Chairwoman Caroline D. Pham of the U.S. Commodity Futures Trading Commission (CFTC) announced the launch of a "tokenized collateral" initiative, allowing derivatives traders to use non-cash assets such as stablecoins as collateral to improve market efficiency and transparency. This initiative builds on a pilot program launched in February of this year with Circle, Coinbase, Crypto.com, Ripple, and Moonpay. The industry is invited to submit comments by October 20th. This move is seen as a significant step forward by the CFTC in modernizing capital markets and clarifying crypto regulation.

Cathie Wood, known as "Wood Sister," has reopened her Alibaba (BABA.N) fund for the first time in four years. According to the daily trading report released by Wood's Ark Investment Management, two of its ETFs purchased Alibaba ADRs on Monday, totaling approximately $16.3 million. On Tuesday, Alibaba ADRs hit their highest level since November 2021, nearly doubling year-to-date. According to the SEC's search tool, Ark's first investment in Alibaba dates back to 2014, shortly after the company went public that year. However, no records of investments or proxy voting have been found since September 2021. This latest investment may signal a renewed expansion of Ark's investments in the Chinese internet sector.

tZERO Securities, a subsidiary of tokenization company tZERO, has received approval from the U.S. Financial Industry Regulatory Authority (FINRA) to conduct secondary trading of corporate bonds on its alternative trading system (ATS). The company previously received approval to issue and list bonds and equity securities. tZERO stated that this move will provide institutional and retail investors with a diverse selection of tokenized assets and liquidity, further solidifying its leading position in the issuance, trading, and custody of digital securities.

The FTX Restructuring Trust filed a lawsuit against Bitcoin mining company Genesis Digital Assets in the Delaware Bankruptcy Court, alleging that former FTX CEO Sam Bankman-Fried invested $1.15 billion in the company through Alameda using commingled and misappropriated funds, calling it "one of his most reckless investments." The lawsuit seeks to recover $1.5 billion. The FTX Restructuring Trust alleges that Genesis Digital, based in Kazakhstan, was significantly overvalued and provided unaudited financial statements that were "unrealistic," while the region was facing power shortages, new taxes, and energy restrictions. A Genesis Digital spokesperson declined to comment.

Tether Holdings, the issuer of the world's largest stablecoin, is in talks with investors to raise up to $20 billion, according to two people familiar with the matter. This deal could catapul the cryptocurrency company into one of the world's most valuable private companies. Tether hopes to raise between $15 billion and $20 billion in a private placement, representing approximately a 3% stake in the company. Negotiations are in the early stages. Depending on the percentage of shares offered, the deal could value Tether at approximately $500 billion, putting it on par with OpenAI and SpaceX. Its most direct competitor, Circle, had a market capitalization of approximately $30 billion on Tuesday afternoon. Tether is at the forefront of the stablecoin market. Its USDT token, pegged to the US dollar, has a market capitalization of $172 billion, making it the largest stablecoin, while Circle's second-largest stablecoin, USDC, has a market capitalization of approximately $74 billion.

Blockchain startup Raiku announced the completion of $13.5 million in seed and pre-seed funding rounds. The seed round was led by Pantera Capital, with participation from Jump Crypto, Lightspeed Faction, and others, while the pre-seed round was led by Figment Capital and Big Brain Holdings, with participation from Reciprocal Ventures and Anagram. Raiku aims to provide a predictable and guaranteed transaction execution environment for the Solana network by building blockspace coordination infrastructure. Raiku founder Robin Nordnes noted that while Solana is known for its high speed, its reliability significantly decreases during periods of network congestion. Raiku's parallel execution layer and blockspace reservation mechanism enable developers and institutions to pre-confirm transactions with microsecond accuracy, ensuring reliable execution even under extreme loads. The Raiku testnet is now live, with a mainnet launch planned for 2026. The funding will be used to accelerate technology development and ecosystem expansion.

OKX market data shows that BTC has fallen below 112,000 USDT, currently trading at 111,999.9 USDT, a 24-hour drop of 0.44%. (This newsletter was generated with AI assistance.)

CZ responded to the Financial Times report on social media, calling it false and fabricated information. He emphasized that YZi Labs has not sought external funding and has not solicited or held discussions with any investors since its rebranding. The project has never produced or presented a pitch deck, nor does it have a so-called "demo." Furthermore, YZi Labs is not a spinoff from Binance. He further clarified that he pleaded guilty only to failing to maintain adequate anti-money laundering (AML) compliance procedures, not to "money laundering" as the media has alleged. The two are completely different. He stated that traditional media outlets are deliberately confusing "regulatory failure" with "theft." The founder also pointed out that the FT attempted to elicit a positive response through a lunch interview, but the resulting report did not meet the promised content, raising questions about the FT's ethics.

How can Trump legally and quickly gain control of the Federal Reserve by the first half of 2026? And then start printing dollars? What does this mean for BTC?

The development of technology always breeds the power of change. The emergence of blockchain allows us to see the possibility of decentralization of power.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

Cross-border internet brokerages Futu Securities and Tiger Brokers have recently further tightened account opening restrictions for mainland Chinese residents. In accordance with the latest regulatory requirements, the two brokerages have significantly raised the account opening threshold, basically closing the account opening channels for ordinary mainland residents.

Billions of dollars are up for grabs, but the ultimate return is only about four cents, which is the annual return generated by every dollar of U.S. Treasury bonds.

In September 2025, former Binance CEO Changpeng Zhao publicly supported the decentralized perpetual exchange ASTER, whose token soared 400% within the week and was seen as a challenge to the leading project Hyperliquid.

Hyperliquid's upcoming massive token unlocking has caused market concerns.

The U.S. Treasury recently took a key step toward formalizing the Guidance and Establishment of a United States Stablecoin National Innovation Act (GENIUS Act) into a formal regulatory framework.

With the participation of traditional financial institutions around the world, the on-chain demand for government bond assets is both real and growing rapidly.

South Korean crypto exchange Bithumb has inked a strategic partnership with World Liberty Financial (WLF), a Trump-affiliated crypto venture, signaling its intent to expand its global footprint in decentralized finance (DeFi).