Today’s crypto headlines centered on regulation, market reaction to weak U.S. jobs data, and a notable L2 shutdown. Industry groups continued to press regulators on custody and trust-bank issues, while Bitcoin stayed near recent highs and Blast told users to move assets to mainnet ahead of its closure.
U.S. bank group sues OCC over crypto trust charters
The Independent Community Bankers of America has sued the Office of the Comptroller of the Currency, arguing the regulator exceeded its authority by granting trust bank charters to crypto firms. The challenge extends a broader fight over how crypto companies access banking-style services under federal oversight.
Sources: Cointelegraph, CoinDesk
Bitcoin steadies after weak jobs data
Bitcoin traded around the mid-$80,000s after softer-than-expected U.S. payrolls data pushed Treasury yields lower and briefly lifted BTC to about $87,000. Separate market coverage said rising open interest and funding rates point to increased bullish leverage, while dominance has moved closer to 60%.
Sources: Cointelegraph, CoinDesk, CoinDesk, CoinDesk, CoinDesk
Blast to shut down Ethereum L2 network
Blast said operating costs now exceed the revenue generated by its Ethereum layer-2 and told users to withdraw or move assets to mainnet before Oct. 26. Reports noted the network had once held more than $2 billion in crypto assets and was among Ethereum’s larger L2s by total value locked.
Sources: Cointelegraph, Decrypt, CoinDesk
Regulatory and infrastructure notes
Circle urged the EU to revisit MiCA stablecoin reserve rules, while European issuer commentary said demand for dollar stablecoins remains important for payments and settlement. Separately, Anchorage Digital was reported to have cut 17% of its workforce even as it expands institutional activity, and Ethereum’s zkAPI was described as allowing private AI queries through cryptographic proofs.
Sources: Cointelegraph, Cointelegraph, Cointelegraph, Decrypt