Oct 2: Stablecoins Move Deeper Into Banking and Zero-Knowledge Proofs Get Interesting

Bitcoin is back above $86,000 as oil slips below $100 and Treasury yields pull back slightly, but the real test is whether $85,000 can become a new floor rather than another temporary pump. Spot Bitcoin ETFs recorded roughly $92.9 million in net outflows, while Lloyds Banking Group and Visa completed a live $750,000 cross-border settlement pilot using USDC. Evernorth shareholders also approved the company's business combination ahead of its planned Nasdaq debut, while Robinhood says the SEC's new tokenized-stock exemption may already impose limits that are too restrictive for the scale of its business.

The SEC proposed a new crypto custody...