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More →New CFTC Crypto Rules Draw on Lessons From $8 Billion FTX Fraud
Coin World News: The Commodity Futures Trading Commission (CFTC) opened a public comment period on Monday to discuss new crypto trading rules. CFTC Chairman Michael Selig mentioned FTX, whose founder misappropriated approximately $8 billion in customer funds. The CFTC wants to implement new regulatory rules for crypto trading, including a new exchange category called "crypto asset market." Selig stated that the commission will take necessary measures to establish a regulatory framework aimed at preventing fraud, rather than merely pursuing accountability after the fact. Registered exchanges can provide leverage and margin to retail traders, while state-level money transmission licenses do not permit such trading. Registered exchanges must segregate customer funds, monitor for manipulation, and limit conflicts of interest. Bitnomial stated that it is the first crypto-native exchange to obtain three CFTC licenses and launched leveraged retail spot crypto trading in December 2025.
Cerebras shares rise 8% as Sam Altman calls it a 'close partner'
Cerebras shares rose more than 8% on Monday, drawing market attention after Sam Altman called it a "close partner." Last week, Cerebras shares had fallen 20% following reports that OpenAI was using NVIDIA to support GPT-6.1.
Sam Altman: Musk is a 'bully' who only respects those who fight back.
According to news from Bijie, OpenAI CEO Sam Altman said that Musk is a "bully" who only respects those who dare to fight back against him. In an interview with Vanity Fair, he mentioned that occasional drama may help in negotiations with Musk. He said, "I think occasionally you have to punch a bully in the nose." Altman also mentioned that Musk "only respects people who do that." Despite the famous clashes between the two and the fact that they are currently at the center of multiple legal disputes, Altman said he is willing to work with Musk.
SEC approves 3x leveraged Bitcoin and Ethereum fund trading
CoinWorld data: The U.S. Securities and Exchange Commission (SEC) approved a rule change on October 2 allowing the CBOE exchange to list six funds designed to provide three times the daily price movements of Bitcoin, Ethereum, gold, silver, crude oil, and natural gas. These funds come from Volatility Shares, which had previously launched 2x leveraged Bitcoin and Ethereum products. The funds will trade like ordinary stocks on CBOE's BZX exchange. The SEC and FINRA have warned investors that returns over more than one day may differ significantly from the daily target.
Boeing awarded a $14.7 billion Lockheed Martin contract for PAC-3 MSE missile seekers.
CoinWorld news, Boeing: Awarded a $14.7 billion PAC-3 MSE missile seeker contract by Lockheed Martin; the contract establishes a seven-year cooperation framework, and PAC-3 MSE missile seeker production will increase to three times the original level.
Trump blames Ukraine and the Democrats for driving up oil prices.
Coin World News: Trump blames Ukraine and the Democrats for driving up oil prices. On October 5 local time, U.S. President Trump posted on his social media platform "Truth Social," saying, "The factor driving up gasoline prices is no longer the Strait of Hormuz, because record amounts of crude oil are being shipped out almost every day now. The current higher gasoline prices are a 'refinery' problem: Russia's refineries are being bombed by Ukraine, while our refineries are being shut down in 'blue states,' such as California, all because of those 'stupid Democrats.'"
The long-short account ratio for ETH contracts is 2.53.
Bijie data: The ETHUSDT 4-hour long-short account ratio is 2.53, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it has decreased by 0.1438.
The Fairshake crypto PAC network is backing 32 House candidates in the midterm elections.
According to Bijie News, the Fairshake crypto PAC network supported 32 House candidates in the midterm elections. With the Clarity Act failing to pass in the Senate, the risk is growing over which lawmakers will return to Congress to shape crypto regulation.
W Group invests $400 million in SignSplit at a $1 billion valuation.
W Group announced a $400 million seed round investment in signature data startup SignSplit, valuing it at $1 billion. W Group became the sole investor and strategic partner in the round. W Group believes that user consent and compensation will become core infrastructure of the AI economy, similar to trust, authorization, and settlement in digital finance.
OKX and ICE, the parent company of the New York Stock Exchange, jointly apply for SEC approval to conduct tokenized trading of U.S. stocks.
According to CoinWorld news, OKX and ICE, the parent company of the New York Stock Exchange, have jointly launched a project called OKXICE and have applied to the U.S. Securities and Exchange Commission (SEC) for approval, planning to launch a blockchain-based tokenized U.S. stock trading platform. The platform will offer more than 60 stocks, and users will be able to buy and sell them using stablecoins. Each token will be backed by actual shares and represent true ownership. Trading will take place on XLayer, a blockchain associated with OKX, under new SEC exemptions that allow certain regulated on-chain stock trading venues. About three months after this news was released, former New York Governor Andrew Cuomo was appointed co-chairman of OKXICE. According to Bloomberg, ICE invested about $200 million in OKX in March at a valuation of $25 billion.