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Web3 Weekly: September 29–October 5, 2026 — SEC drafts crypto custody rules as MetaMask's exit jams Ethereum's staking queue
2026-10-05

Web3 Weekly: September 29–October 5, 2026 — SEC drafts crypto custody rules as MetaMask's exit jams Ethereum's staking queue

A September 29–October 5 briefing on the SEC's crypto custody proposal, ESMA's MiCA review recommendations, the CFTC's Fundsz judgment, $117.1 million in fresh venture equity led by Jeeves, Blast's wind-down, and the MetaMask incident that pushed Ethereum's staking exit queue to its longest wait of 2026.

Web3 Project Funding & Regulation
Web3 Project Funding & Regulation@NeoDrop Official
The seven days from September 29 to October 5, 2026 were a heavy week for writing crypto rules and a light one for putting any of them into force. The SEC proposed a custody framework for crypto assets held by investment advisers and regulated funds on October 1 1. ESMA sent the European Commission its recommendations for rewriting MiCA on September 30 2. Both are inputs to decisions that have not yet been taken. The one act that bit immediately was a Treasury sanctions designation 3.
The week's largest operational event was smaller in money than in mechanics. MetaMask took validators out of service after a security incident and, in doing so, pushed Ethereum's staking exit queue to its longest wait of 2026 45. Across the same seven days, three disclosed venture equity rounds totalled $117.1 million, and $110 million of that was one company 6. Blast, a Layer 2 that once held more than $2 billion, said it will shut down 7.

Weekly event matrix

Organization / ProjectCategoryAmount / ScopeDisclosed dateSubstantive impact
U.S. SECProposed rulesCrypto custody framework; 60-day commentOct 1, 2026First tailored custody regime for registered advisers and regulated funds; would allow self-custody in limited cases and state trust companies as custodians 1
U.S. SEC / Cboe BZXListing orderSix 3x leveraged ETPsOct 2, 2026Lifts the 2x ceiling on U.S. crypto funds; the products cannot trade until their registration statements take effect 89
U.S. CFTCCourt judgmentAbout $31.5MSep 30, 2026Default judgment and consent orders close the Fundsz digital-asset and precious-metals fraud case 10
ESMAConsultation responseMiCA review recommendationsSep 30, 2026Proposes stricter marketing rules, DeFi criteria and limits on services tied to non-compliant stablecoins 2
U.S. Treasury / OFACSanctionsA network of more than $2MOct 5, 2026Designates a Hamas military-wing member, two France-based individuals and two charities; secondary-sanctions risk for banks 3
ICBA / OCCLitigationComplaint filedOct 2, 2026A community-bank group challenges the OCC's national trust charters for crypto firms 11
BlastNetwork wind-downTVL from $2.2B to $32MOct 2, 2026Ethereum Layer 2 to close; users must withdraw through its interface by Oct 26 7
BaseNetwork upgradeCobalt / B20 expansionSep 30, 2026Adds issuer compliance checks, corporate-action handling and conditional transactions for tokenized assets 12
DogeOSRollup testnetChikyū public testnetSep 30, 2026An EVM-compatible ZK-rollup on Dogecoin opens to developers; native proof verification depends on a draft soft fork 13
StarknetMainnet upgradev0.14.4Oct 5, 2026Raises the proof size one transaction can carry to 1.1 billion L2 gas; breaking changes for prover and full-node operators 14
ZcashTestnet upgradeNU7Oct 5, 2026Target block time falls from 75 to 25 seconds; fees are split and Sprout is disabled ahead of a Nov 5 mainnet target 15
MetaMaskSecurity incidentAbout 523,000 ETH of validators exited, an outside estimateSep 30, 2026Precautionary exit of Lido-operated validators; Ethereum's exit queue reaches its longest wait of 2026 4
NEAR IntentsExploit$3.8MOct 1, 2026A bug in an Omni deposit integration drained funds across 11 chains; the whole amount was returned 1617
Unnamed Base vaultExploit1,783 wstETH, about $6MOct 4, 2026An attacker's contract reached a vault's permission list and borrowed deposits; access control failed, and Aave and Base worked as designed 18
KalshiReported roundAbout $1B at about $40BSep 29, 2026Advanced talks; the round has not closed. Sequoia and Wellington are in line to lead 1920
JeevesEquity round$110MSep 29, 2026CoinFund leads a stablecoin-native banking platform that is expanding payouts to 190 countries 6
EthereumTestnet scheduleGlamsterdam on SepoliaOct 6, 2026Sepolia activation set for 13:53:36 UTC; Hoodi and mainnet dates undecided 21

Web3 financing and capital deployment

Fresh venture equity disclosed in the window comes to $117.1 million across three rounds, and one round carries $110 million of it. That concentration is the week's funding signal, and it points at payments infrastructure rather than protocols. Last week's four fresh venture rounds came to $59.5 million, so the headline total roughly doubles while the number of new companies stays about the same.
Three different instruments moved this week, and each is counted on its own terms: equity priced and disclosed in these seven days, a token round that closed months ago and was announced now, and a reported round that has not closed.
Jeeves — $110 million equity (September 29). CoinFund led the round, with AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute and Y Combinator participating 6. The Miami company describes itself as a stablecoin-native banking platform for enterprises, and says its platform volume has passed $5 billion annualized while stablecoin-settled activity went from near zero to $1.5 billion annualized in eight months 6. It is expanding its stablecoin card from 25 to 35 countries and opening a Madrid office 6. The customer names in its release and the volume figures are the company's own, unaudited claims; the round's size and its lead are the facts to bank on.
Walapay — $4.6 million seed (October 1). Generative Ventures led, with Commerce Ventures, Polygon, Verda Ventures, NGC Ventures, FGV Capital, AAF, Jsquare, Knollwood and Big Brain Holdings joining 22. The New York company sells one API for multi-currency account issuance, collections, FX conversion and payouts, built on local rails in Latin America, Africa and Asia, and says it processes $2.5 billion in annualized total payment volume across more than 180 countries and 60 currencies 22. Its pitch is the last mile of a cross-border payment — the local account, currency and bank — which most platforms hand to a licensed partner 22.
HyperLink — $2.5 million (October 4). Alliance, North Island Ventures, Reverie, Node Capital, Breed and smartestmoney.hl backed a prime broker built on Hyperliquid 23. HyperLink routed $254 million of trading volume last month, about 0.1% of Hyperliquid's activity, and says it is targeting 10% 23. That 10% is a stated goal.
Token rounds, kept out of the equity total. PERPTools, a perpetuals trading platform built by the DEXTools team, disclosed $8 million across two token rounds 24. The $3 million pre-seed closed in December 2025 at a $30 million fully diluted valuation, led by DEXTools Ventures and Orderly Network; the $5 million seed ran into early 2026 at an $80 million FDV, with BigBrain Holdings, NEAR, Animoca Brands, Sfermion and Shima Capital 24. Both rounds were complete before this window opened, which is why they count as a disclosure.
Reported, still open. Kalshi is in advanced talks to raise about $1 billion at a valuation near $40 billion, with existing backer Sequoia Capital and Wellington Management in line to lead and Tiger Global and Dragoneer Investment Group in discussions 1920. The target sits about 82% above the $22 billion valuation Kalshi took in May, and the company has had early discussions about a public listing 20. Rival Polymarket, whose American relaunch has been slower and which faces a CFTC investigation, has been seeking about $1 billion at a valuation above $20 billion since August and had not closed as of this month 20. Two reported rounds of about $1 billion each are a live story; neither is capital that has changed hands.

Regulatory actions and market structure

The SEC proposes a custody framework for advisers and funds

On October 1 the SEC proposed rules and amendments under the Investment Advisers Act of 1940 and the Investment Company Act of 1940 that would build a tailored custody framework for crypto assets held by registered investment advisers and regulated funds — registered investment companies and business development companies 1. The proposal would let crypto assets be held in self-custody under certain conditions, allow state trust companies to act as custodians for client and fund crypto assets, and update the audit requirements for registered advisers and the broker-dealer custodial services regulated funds use 1. The comment period runs 60 days from publication in the Federal Register, and the SEC has assigned the proposal File No. S7-2026-35 25.
Chairman Paul Atkins framed the gap the proposal fills: the current rules assume the custody of traditional assets, and custodial support for a new asset class can lag its deployment by many months 26. He placed it in a sequence that began with ending enforcement-led regulation: a no-action letter for the Depository Trust Company's tokenization pilot in December 2025, a statement on tokenized securities in January 2026, an interpretation of when crypto assets are securities, an April statement on user interfaces, August's Regulation Crypto Assets proposal and September's Innovation Exemption for tokenized NMS stock 26.
Two boundaries decide what this means for a given business. The scope is advisers and funds already covered by the two Acts, which excludes most protocol teams and exchanges. And a proposal becomes an obligation only after the comment period closes and the Commission votes again, so the operative date depends on a Federal Register publication that had not happened when the proposal was announced 1.

A 3x leverage ceiling comes off, and trading waits

On October 2 the SEC approved a Cboe BZX rule change letting the exchange list six Volatility Shares funds that each target three times the daily return of an underlying asset: bitcoin, ether, gold, silver, crude oil and natural gas 89. Until this order, crypto funds in the United States were capped at twice the daily return 9. Two conditions still stand between the order and a tradeable product: the issuer needs the SEC to declare its registration statement effective, and the order sets no deadline for that 9. The funds hold regulated futures rather than tokens 9.
Daily rebalancing is the cost that comes with the leverage. The fund must buy more futures after a gain and sell after a loss to keep its exposure pinned at three times, and over several days the compounded result can drift far from 3x — sometimes in the opposite direction 9. Bloomberg's senior ETF analyst Eric Balchunas called leveraged ETFs trading tools; Blockstream chief executive Adam Back said automatic re-leveraging bleeds capital in sideways markets 9.

The CFTC closes a fraud case and files nothing new

A federal court in Florida entered a default judgment on September 30 against Brian Early and Alisha Ann Kingrey for their roles in the Fundsz digital-asset and precious-metals fraud, ordering $15,732,455 in restitution and a $15,752,455 civil penalty, with permanent injunctions and trading and registration bans 10. Consent orders against Rachel Larralde, as personal representative of Fundsz founder Rene Larralde's estate, and Juan Pablo Valcarce were entered earlier; the estate gave up a residence that Larralde bought with investor funds and more than $2.7 million in other assets 10. The judgment resolves the last claims in a case the CFTC filed in 2023, so the case now closes with it 10.
The rest of the CFTC's output in the window is one release, an October 1 extension of Brexit-related no-action positions that concerns UK trading venues and touches no digital asset 27. The crypto FAQ update and the mention-market advisory that fill the agency's recent crypto work are both dated September 24 and September 22, inside the previous window.

Europe: ESMA sends its MiCA rewrite to the Commission

ESMA published its response to the European Commission's consultation on the review of MiCA on September 30 2. On investor protection, the regulator asks for stricter rules on marketing by influencers and third parties, more transparency on costs, and proportionate requirements on staking, lending and borrowing 2. On supervision, ESMA wants powers to detect, block and deactivate fraudulent websites and to freeze crypto assets, authority over third-country firms that solicit EU investors without MiCA authorisation, and explicit rules to stop regulated firms from offering services tied to stablecoins that fail MiCA 2. The same document asks for clearer criteria on what counts as genuinely decentralised, a new regulated service for firms that give users access to DeFi protocols, and rules on classifying crypto assets, including the power for ESMA to issue binding opinions on classification 28. Simplification proposals cover white-paper notification and duplicate authorisations, and ESMA repeats its call for a framework for tokenised securities and on-chain settlement 2.
ESMA's document advises the Commission, which is what a consultation response does. The parts that would change life for a crypto-asset service provider — DeFi access as a licensed service, limits on services touching non-compliant stablecoins — would arrive through the legislative review, if the Commission takes them up.
The scoped negative for Europe, unchanged in shape from recent issues: nothing on ESMA's own news surface between September 29 and October 5 was a MiCA technical standard, a passporting decision or a crypto-asset service provider supervision action 29. That finding covers ESMA's publication page for these seven days and says nothing about national regulators, which publish authorisations on their own sites.

Treasury designates, and a bank group sues

Treasury's Office of Foreign Assets Control designated on October 5 a Hamas military-wing member, two France-based individuals and two charities tied to a fundraising network that Treasury says moved more than $2 million between 2020 and 2026, including $1.5 million after October 7, 2023 3. Treasury said the pair sent hundreds of thousands of dollars in crypto to a Gaza-based Hamas commander 3. CoinDesk noted that the full $2 million did not move in cryptocurrency, and that Treasury has previously said Hamas and similar groups rely mainly on conventional finance 3. The designations freeze assets under U.S. jurisdiction, bar Americans from dealing with the named parties, and expose foreign banks that knowingly handle significant transactions to secondary-sanctions risk 330.
The Independent Community Bankers of America sued the Office of the Comptroller of the Currency on October 2 over the national trust charters the agency has been granting to crypto firms, arguing that the OCC exceeded its authority under the National Bank Act and that the new charters let their holders into the banking system on lighter supervision than community banks carry 11. "Congress did not create the national trust charter as a side door into the banking system for crypto firms seeking the credibility of a federal bank charter," the group's president, Rebeca Romero Rainey, said 11. The OCC declined to comment on pending litigation 11. The same group helped block the Digital Asset Market Clarity Act in the Senate last month, so this is a second front in the same argument about who gets to take deposits 11.

No crypto enforcement case on the SEC's press-release surface

The SEC's press releases dated September 29 to October 5 covered alleged fraud schemes run through WhatsApp and other platforms, amendments on private-market retailisation, a fraud targeting veterans, charges against Meyer Global Management over private funds holding pre-IPO names, a new examinations handbook, the custody proposal, and World Investor Week coordination 31. The custody proposal is the crypto item among them. The enforcement docket produced no crypto case in these seven days, and an active rulemaking agenda sits alongside that quiet enforcement surface.

Layer 2 networks and scaling

Blast is winding down. Blast told users on October 2 that it will shut down its Ethereum Layer 2, saying the cost of maintaining the chain now exceeds the revenue it earns and that it sees no credible path to sustainability 7. Value locked on the chain peaked above $2 billion in June 2024 and had fallen to $32 million by the announcement; network revenue for the previous month was $1,793, against a peak near $3.5 million in June 2024 7. The BLAST token fell 19% on the news and is down about 98% from launch 7. Users have until October 26 to withdraw through Blast's interface; after that, withdrawals require interacting with bridge contracts directly 7. Any position still on Blast is a migration with a deadline, and $32 million of value is on the clock.
Base shipped Cobalt. Base activated its third major upgrade on September 30, expanding the B20 token standard with issuer controls built for tokenized financial products 12. An issuer can now apply several compliance checks to the same asset — identity verification, accredited-investor status, sanctions screening — and schedule corporate actions such as stock splits, which change the share count shown in wallets without minting or burning tokens 12. Issuers can also give administrators the power to move tokens out of a holder's wallet without the holder's approval, with a public note attached; issuers decide whether to enable it, and Base itself cannot start such a transfer 12. The upgrade adds Validity Transactions, which become eligible for inclusion only when specified on-chain conditions are met, and stay private until they are included 12. Base says it plans to cut block times from two seconds toward 200 milliseconds and to adopt some of Glamsterdam's changes 12.
DogeOS opened a public testnet for Dogecoin. The team behind the MyDoge wallet opened the Chikyū public testnet on September 30, an EVM-compatible environment for building applications on Dogecoin 1332. DogeOS is a ZK-rollup that uses DOGE for gas, and it has the Dogecoin Foundation's endorsement 13. Its first cohort is weighted toward DeFi: a liquidity engine, a lending protocol, a perpetuals exchange, non-liquidatable options, a collateralized-debt-position stablecoin and prediction-market aggregation, alongside games and crowdfunding apps 13. For Dogecoin's own base layer to verify the rollup's proofs, the network needs a soft fork the DogeOS team proposed in July 2025; that proposal remains a draft under discussion, and the release gives no mainnet date 13.
No Layer 2 launched a mainnet in the window. The nearest item to a launch was DogeOS's testnet; the rest of the beat was an upgrade at Base and a shutdown at Blast.

Protocol upgrades and infrastructure

Starknet's v0.14.4 was scheduled for mainnet on October 5, pending governance approval. The project's own pre-release note describes it as a small, mostly transparent release, and its headline change raises the size of a proof a single transaction can carry to 1.1 billion Layer-2 gas, which lets applications prove work larger than an ordinary transaction 14. Gas-fee pricing adjustments and updated node requirements come with it, and the release carries breaking changes for prover and full-node operators that require coordinated upgrades 14. Any operator reading this after the window should confirm activation in Starknet's release notes.
Zcash activated NU7 on a public testnet, ahead of schedule. Zcash switched on the upgrade at block 4,465,026, cutting the target block time from 75 seconds to 25 ahead of a planned November 5 mainnet activation 15. A service waiting for three confirmations would face a target wait of about 75 seconds instead of 225 15. The upgrade sends 60% of transaction fees to a reserve for future mining rewards and leaves 40% with miners, and it cuts the per-block reward to one-third so Zcash's issuance schedule holds 15. It also disables Sprout, Zcash's oldest private-payment system; anyone holding funds there must move them before mainnet activation to keep the ability to spend them through the existing system 15. Developers review the test results and decide on mainnet activation October 20, with November 5 as the target and no activation block set 15.
Ethereum's staking queues moved in opposite directions. Ether waiting to leave the staking system jumped more than fivefold in three days, reaching about 851,000 ETH on October 2; about 786,000 ETH, worth just over $2 billion, was still waiting on Monday with an estimated wait near 14 days 5. Most of that increase came from MetaMask, below. The entry queue moved the other way: about 1.5 million ETH was waiting to start staking on Monday, roughly a 25-day wait, down from about 2 million ETH and 35 days in early September 5. Ethereum allows about 57,600 ETH to enter and the same amount to exit each day, which is what turns one operator's move into a visible queue 5.

Security incidents

ProjectAmountMethodTimeStatus
MetaMaskAbout 0.36 ETH diverted; about 523,000 ETH of validators taken out of service, an outside estimateCompromise of part of its staking infrastructure; block-production payment address changedDisclosed Sep 30Wallets and customer funds unaffected, the company says; final validator exits by Oct 7, with restaking possibly taking 45 days 4
NEAR Intents$3.8MBug in an Omni deposit integrationOct 1Deposits and withdrawals paused across 11 chains, the contract patched, and the full amount returned; investigation closed Oct 4 1617
Unnamed Base vault1,783 wstETH, about $6MAn attacker's contract entered a Safe multisig permission list; deposits borrowed and redeemed via Aave V3Oct 4No operator statement and no recovery announced; about $31.7M remained in the vault 18
Bitget (follow-up to the previous issue)About $387.5MAttackers compromised two third-party security products, then gained privileged access without stealing private keysSep 24About $1.1M frozen; protection fund rebuilt above $300M from the exchange's own capital 33
MetaMask's exit cost almost nothing and moved a lot. MetaMask disclosed on September 30 that a security incident had affected part of its infrastructure and that it had taken affected validators — the computers that check Ethereum transactions — out of service as a precaution, adding that it had found no immediate threat to wallets 4. Ethereum security researcher Kaden found that 18 of 19 MetaMask-operated validators that had earned block-production payments sent those payments to an unexpected address — an estimated 0.36 ETH — and put the precautionary exits at roughly 17,000 validators holding about 523,000 ETH, figures MetaMask has not confirmed 4. An October 1 update said the investigation had found no indication that wallets or customer funds were affected 5. Lido, which pooled ether for the affected MetaMask validators, said the last of them would stop staking by October 7, that stETH holders needed to do nothing, and that withdrawn ether would return through a process that could take about 45 days, with the validators missing rewards while out of service 434. The distinction to hold onto: a validator's block-production payment address sits apart from the staked coins themselves, so a changed address diverts income while leaving the stake where it is — provided the credentials behind it were not used to make the validator approve conflicting records, which is the slashing risk neither MetaMask nor Lido has reported 4.
NEAR Intents lost $3.8 million and got all of it back. An exploit in an Omni deposit integration drained about $3.8 million on October 1; NEAR Intents froze deposits and withdrawals across 11 blockchains within hours and patched the underlying smart-contract bug 16. The project gave the exploiter a 48-hour deadline, said on October 3 that the full $3.8 million had been returned, and closed its investigation on October 4 17. A full recovery is the exception in a year of large losses.
A Base vault lost about $6 million through a permission list. On October 4 a vault on Base was drained of 1,783 wstETH, about $6 million at October 5 prices 18. Aave's contracts and Base itself worked as intended; the attacker's newly deployed contract reached the vault's permission list, borrowed interest-bearing deposits through it and redeemed them at Aave V3 18. The vault's Safe wallet removed the attacker's contract at 08:52 UTC and re-admitted it a minute later, both transactions carrying valid signatures from existing signers 18. Analysts have offered two possible explanations — signer keys in another party's hands, or a manipulated approval path — and neither is established 18. What is certain is structural: a three-of-seven multisig with unknown signers, no timelock between an approval and the outflow, and an operator that has identified itself to nobody, leaving about $31.7 million under the same permission structure 18.
Bitget's recovery is small and its post-mortem is specific. Bitget has frozen about $1.1 million of the $387.5 million taken in the previous week's attack, chief executive Gracy Chen told CNBC, adding that she was not expecting to recover a lot 33. The exchange's protection fund, valued above $464 million before the theft and drawn below $200 million after it, has been restored above $300 million from Bitget's own capital 33. Investigation reports from Mandiant and SlowMist released September 30 found that the attackers compromised two third-party security products before reaching Bitget's production wallet systems, tracing the earliest malicious activity to a zero-day exploited on August 31, and bypassing the normal withdrawal process without stealing private keys 33. Neither report attributed the attack to North Korea, which Chen had earlier described as highly consistent with the technical indicators 33.

Editorial view

The three judgments here are the author's own reading of the facts above.
The week changed outlooks more than obligations. Every regulatory item in the window except one was a proposal, a recommendation, an order whose product cannot yet trade, or a judgment in a case filed three years ago 12910. The one act with immediate effect was the Treasury designation, which froze assets and put foreign banks on notice the day it landed 3. The practical consequence is that a compliance calendar built from headlines gains little this week; a calendar built from docket numbers and Federal Register dates gains the dates that matter.
This week's losses turned on operational control. The Base vault attack turned on who could edit a permission list 18. MetaMask's incident turned on the address that receives a validator's block-production payments 4. Bitget's attackers reached production wallets through two third-party security products, without private keys 33. The one clear code flaw, at NEAR Intents, was patched and repaid 16. The shared constraint across those three is operational control: how many independent hands actually hold the keys, whether a change to a permission list waits before it takes effect, and whether an idle multisig has anyone watching it.
The rollup market is consolidating on distribution and economics. Blast is leaving because a chain that earned $1,793 in its final month cannot cover what it costs to run 7. The chains adding capability are the ones with a user base attached: Base is building issuer controls for tokenized assets 12, and DogeOS is opening a testnet to reach Dogecoin's holders 13. A launch is the cheap part; the fees that keep a chain running come from users who arrived for something else.

Follow-up by role

Founders building tokenized products. Base's Cobalt upgrade is the nearest live change: issuer compliance checks, corporate-action support and administrator-controlled transfers are now available on Base, with the holder-protection tradeoff that a token issuer can move your tokens when it enables that feature 12.
Founders and operators on Blast. Withdraw through the interface before October 26; after that the path runs through bridge contracts, and the chain's remaining $32 million is the pool of value still exposed 7.
VC associates sourcing deals. The week's fresh equity is one stablecoin-banking round plus two payments and trading-infrastructure seeds 62223. Kalshi's reported $1 billion at a $40 billion valuation, if it closes, will be the quarter's reference point for event-contract pricing, and it has yet to close 20.
Compliance teams. The custody proposal answers who may hold crypto for advisers and funds, and its 60-day comment period is the window to shape it; note that the proposal's own scope stops at the two Investment Acts 1. ESMA's MiCA recommendations and the OFAC designations both matter, but they bite on different clocks: the first through a legislative review, the second the day it was published 23.
Node, validator and staking operators. Starknet's v0.14.4 carries breaking changes for prover and full-node operators and needs coordinated upgrades 14. Zcash's NU7 is live on testnet with 25-second blocks, and Zcash Foundation and Zakura software are needed to follow it; Sprout funds must move before mainnet 15. Lido expects the last affected MetaMask validators to stop staking by October 7, with ether returning to staking over about 45 days 34. Sepolia operators must update execution and consensus clients before Glamsterdam activates on October 6 at 13:53:36 UTC 21.

Watchlist

  • The SEC custody proposal (File No. S7-2026-35). The 60-day comment clock starts at Federal Register publication, which had not happened when the proposal was announced 125.
  • The 3x leveraged funds. The order is granted; whether the products trade depends on the SEC declaring Volatility Shares' registration statement effective, with no deadline set 9.
  • Kalshi's round. Whether it closes, at what terms, and whether Sequoia and Wellington lead 19.
  • Glamsterdam on Sepolia, October 6 at 13:53:36 UTC. Hoodi and mainnet activation dates have not been decided 21.
  • Zcash NU7's mainnet activation decision on October 20, against a November 5 target and no activation block yet set; Sprout holders must move funds before activation 15.
  • Starknet v0.14.4's activation, carried here as scheduled pending governance 14.
  • Blast's October 26 withdrawal deadline 7.
  • MetaMask's incident. Whether the company explains how its infrastructure was compromised, and whether the affected ether returns to staking over the roughly 45 days Lido estimates 434.
  • The unnamed Base vault. Whether an operator identifies itself or announces a recovery, and what happens to the roughly $31.7 million still under the same permission structure 18.
  • The ICBA suit against the OCC, which puts the crypto trust charter pipeline in front of a court 11.
  • MiCA's review. Whether the Commission takes up ESMA's recommendations, including DeFi access as a licensed service 2.

References

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    SEC Proposal Would Address How Investment Advisers and Funds Can Custody Crypto Assets Under the Federal Securities Laws | SEC.gov

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    Treasury crackdown exposes crypto's role in $2 million Hamas fundraising network | CoinDesk

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    MetaMask security incident forces Ethereum staking exits, no funds at risk | CoinDesk

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    Ethereum investors are stuck in a two-week staking exit line. Here's why. | CoinDesk

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    Jeeves Raises $110 Million Equity Round to Scale Its Stablecoin-Native Banking Platform for Global Enterprises Across 35 Countries | PR Newswire

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    Walapay Raises $4.6M Seed Round to Put Global Payments on Local Terms | Business Wire

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    HyperLink Completes $2.5 Million Funding Round as Volume Reaches $254 Million | TokenPost

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    PERPTools secures $8 million to develop AI-native perpetual trading | Finbold

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    Adviser and Regulated Fund Custody Rules | SEC.gov

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    Statement on Proposal to Address the Custody of Crypto Assets Under the Investment Advisers Act and the Investment Company Act | SEC.gov

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    CFTC Staff Extends Brexit-Related No-Action Positions | CFTC

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    Response to the European Commission's consultation on the review of MiCA regulation | ESMA

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    ESMA News | European Securities and Markets Authority

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    Sanctions Designations | U.S. Department of the Treasury

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  32. 32
    DogeOS Opens Public Testnet as Builders Bring New Apps to Dogecoin | GlobeNewswire

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  33. 33
    Bitget 'not expecting to recover a lot' from $388 million hack: CEO | CNBC

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  34. 34
    Security Disclosure: MetaMask Staking Precautionary Out-of-Order Exits | Lido Research

    research.lido.fi

Web3 Project Funding & Regulation
Web3 Project Funding & Regulation@NeoDrop Official

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Related content

  • Weekly event matrix
  • Web3 financing and capital deployment
  • Regulatory actions and market structure
  • The SEC proposes a custody framework for advisers and funds
  • A 3x leverage ceiling comes off, and trading waits
  • The CFTC closes a fraud case and files nothing new
  • Europe: ESMA sends its MiCA rewrite to the Commission
  • Treasury designates, and a bank group sues
  • No crypto enforcement case on the SEC's press-release surface
  • Layer 2 networks and scaling
  • Protocol upgrades and infrastructure
  • Security incidents
  • Editorial view
  • Follow-up by role
  • Watchlist