☕️ OKX Secures $25B Valuation in Round Led by Circle and Ripple Crypto exchange OKX secured a $25 billion valuation from major industry players, while the CFTC proposed a federal framework for retail leveraged trading and the UK appointed lead banks for its digital gilt pilot.
1. OKX Secures Strategic Investment From Circle and Ripple at $25B Valuation — OKX closed a strategic funding round at a $25 billion pre-money valuation, drawing capital from Circle, Ripple, QRT, and SC Ventures [1]. The funding extends a March investment led by NYSE-parent Intercontinental Exchange and will target real-world asset token 2. CFTC Proposes Regulation CTX and CAM to Establish Federal Crypto Trading Framework — The CFTC published an Advanced Notice of Proposed Rulemaking on Oct. 5, 2026, for Regulation CTX and Regulation CAM [7]. The proposed rules would allow registered crypto exchanges to offer retail customers margined, leveraged, or financed trading under a singl 3. UK HM Treasury Appoints Six Banks to Lead Pilot Digital Gilt Issuance — HM Treasury selected Barclays, HSBC, Lloyds, Morgan Stanley, NatWest, and RBC Capital Markets as Joint Lead Managers for its DIGIT pilot [5]. The short-dated digital bond will settle on-chain within the UK Digital Securities Sandbox by Q1 2027 [5]. 4. Winklevoss Asset Services Files S-1 Registration for Spot Zcash ETF — Winklevoss Asset Services filed an S-1 registration statement with the SEC on Oct. 6, 2026, for a spot Zcash ETF [9]. The fund plans to list on Nasdaq under the ticker WINK, with Gemini Trust Company serving as custodian for the underlying $ZEC [9]. 5. OKX Launches Standalone App OKX Money for Stablecoin Savings and Payments — OKX launched OKX Money, a standalone mobile application focused on saving, transferring, and spending stablecoins [3]. The app supports over 50 deposit currencies and offers up to 10% APY on $USDG balances in select markets [3]. 6. Ethereum Schedules Glamsterdam Upgrade for Sepolia Testnet on Oct. 6 — The Glamsterdam upgrade activated on the Sepolia testnet at epoch 353,024 on October 6, 2026 [2]. The hard fork introduces enshrined proposer-builder separation and block-level access lists, alongside a scheduled 200M block gas limit [2]. 7. Ripple Prime Expands Multi-Asset Brokerage Mandate to Brevan Howard Funds — Ripple Prime will deliver multi-asset prime brokerage, clearing, and financing services to Brevan Howard funds [8]. Brevan Howard, which manages about $35 billion in assets, participated in Ripple's $500 million strategic funding round in 2025 [8].
📊 Bitcoin traded at $85,592, down 0.2% over 24 hours, while Ether fell 0.6% to $2,698, and the total crypto market capitalization stood at $2.87 trillion.
