Breaking crypto news on Bitcoin, Ethereum, DeFi, regulation, ETFs, and altcoins. Daily updates from CryptoGrows editors covering markets and on-chain data.
Bitcoin recovered to about $82,000 after President Trump said the US would not attack Iran before the midterms. Meanwhile, wallets linked to the US government moved 12,267 BTC with no sale confirmed.
Bitcoin slipped under $84,000 as surging oil, higher Treasury yields and a firmer dollar triggered heavy liquidations. At the same time, US government-linked wallets moved about $103 million in BTC and BNB.
Two US developments shaped crypto on October 5: Treasury's FinCEN withdrew proposed rules on self-hosted wallets and mixers, while OKX and NYSE parent ICE filed to launch a 24/7 tokenized stock venue.
The SEC has unveiled a framework that would let advisers and funds hold crypto under defined conditions, while a surprisingly soft U.S. jobs report pushed Bitcoin close to $87,000.
Bitcoin briefly topped $85,000 after softer US inflation data but faded back to the $83,000 area, while the Stripe-backed Open USD stablecoin went live with Coinbase, Visa and Mastercard behind it.
Bitcoin is steadying around $83,000 as spot ETF inflows slow and Treasury yields sit at 2007 highs, while California becomes the latest US state to restrict meme coins issued by public officials.
SEC Commissioner Hester Peirce, the agency's most vocal crypto advocate, will leave on October 2. In a separate blow to the industry, a federal appeals court ruled that states can regulate Kalshi's sports event contracts.
SEC Commissioner Hester Peirce, known as "Crypto Mom," is stepping down on October 2 just as a federal appeals court hands Kalshi's sports prediction markets another major regulatory setback.
The Federal Reserve unveiled its first GENIUS Act rules for stablecoin issuers this week, even as Bitcoin cools from recent highs with traders eyeing the Fed's October rate decision.
