Oct 6: Wall Street Pushes More Assets Onchain

Bitcoin is back around $86,000 after another rejection near $87K, while ETF flows turned negative and Treasury yields remain elevated. Institutional crypto infrastructure continues expanding, with Solana launching an open-source delivery-versus-payment system for financial institutions, Ondo bringing tokenized exposure to pre-IPO private companies onchain, and Spiko raising $90 million as its tokenized cash-fund business grows. Corporate treasuries are still accumulating as well, with Strategy adding Bitcoin, Strive making its largest Bitcoin purchase since June and BitMine pushing its Ethereum holdings above 6 million ETH.The CFTC is beginning work on a federal framework for leveraged and margined retail crypto transactions even without new legislation from Congress, while FinCEN has withdrawn proposed rules targeting self-custody wallet transactions and broad crypto-mixing activity. ZachXBT also says he fronted roughly $350,000 to infiltrate an alleged Chinese laundering network connected to North Korea's Lazarus Group, while Ethereum's Glamsterdam upgrade moves onto the Sepolia testnet. For Bitcoin, the immediate challenge remains unchanged: break through $87K, push toward $90K and turn the $86K to $87K area from resistance into support.Happy HODLing Hosted on Acast. See acast.com/privacy for more information.