1 year ago today BTC was trading at an all-time high
On October 6, 2025 BTC hit an all time high, trading above $126,000. Today, bitcoin is down 32%, trading at ~$86k. In any other asset class, a 32% drop would be considered a crash – by crypto standards, it’s a pretty mild downturn.
OKX Adds Strategic Investors At $25 Billion Valuation
Circle, Ripple, Standard Chartered’s SC Ventures and hedge fund QRT have put new money into crypto exchange OKX at a $25 billion valuation. The undisclosed raise extends an earlier round that brought in NYSE owner ICE at the same valuation. The capital arrives as OKX and ICE prepare a joint venture for round-the-clock trading in tokenized U.S. stocks that we reported on yesterday. Read more →
CFTC proposes new federal framework
The CFTC opened a rulemaking process Monday to give crypto exchanges a new option: a single federal framework for offering leveraged retail trading. The agency is considering a “crypto asset market” registration category, with safeguards such as proof of reserves and controls against market manipulation, as an alternative to the patchwork of state money-transmitter licenses. The focus on leveraged trading lets the CFTC act under powers it already has, even as Clarity remains stalled in the Senate. Detailed rules still need to be developed, and requiring broader spot-market participation would still take Congress. Read more →
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