Bitcoin Tests Resistance, Ethereum Scales, and New Crypto Trading Rules

The U.S. Commodity Futures Trading Commission (CFTC) published a proposal on October 5 to regulate leveraged crypto trading. The aim is to create a new registration category for platforms offering these services to retail customers, addressing regulatory gaps and enhancing consumer protection.

Ethereum developers released a last-minute software update on October 6 to fix a bug ahead of the Glamsterdam test on Sepolia. This test will triple the gas limit on Sepolia from 60 million to 200 million to assess validators' ability to process larger blocks.

OKX has launched 'OKX Money,' a standalone app enabling users to convert over 50 local currencies into U.S. dollar-backed stablecoins. The initiative targets emerging markets to counter currency volatility and facilitate global spending.

Hyundai Card, a leading South Korean credit card company, is expanding its use of the Avalanche network beyond internal transactions. The company plans to integrate Avalanche for more complex operational functions, including compliance oversight and reconciliation processes, highlighting enterprise adoption of blockchain technology.

Analyst Benjamin Cowen anticipates that the yield on 10-year U.S. Treasury notes will peak before mid-November and decline thereafter. Historical data from midterm election years supports this forecast, potentially alleviating pressure on risk assets like cryptocurrencies.

Binance will support cash dividend distributions for Marvell Technology (MRVL) and Oracle Corporation (ORCL) via its bStocks platform. Eligible holders of MRVLB and ORCLB will receive dividends in the form of corresponding bStocks, with net cash dividends reinvested after deductions.

The SUI token is holding above a key technical support level of $1.045 as the Basecamp 2026 event in Singapore approaches. The event is seen as a potential catalyst for increased network activity and ecosystem engagement.