An early Ethereum investor transferred 1,500 ETH worth approximately $6 million to Kraken after nearly eight years of dormancy. The wallet participant acquired 20,000 ETH for about $6,200 during Ethereum's 2014 ICO, according to Lookonchain.

U.S. spot bitcoin ETFs saw a net outflow of $1.23 billion last week, the second-largest since their launch in 2024. The outflow followed heightened market volatility, as bitcoin dropped to around $103,700 on October 17 before recovering to above $111,000. Prior to this, the funds had recorded $2.7 billion in net inflows the previous week, according to SoSoValue data. Meanwhile, spot Ethereum ETFs reported a weekly net outflow of $311.8 million.

Hyperliquid has introduced MON-USD hyperps trading, enabling users to take positions on Monad's unreleased token with leverage up to 3x, while Monad's airdrop progress indicator recently advanced to 80%.

KuCoin has filed an appeal with Canada's Federal Court challenging a C$19.5 million ($14.1 million) penalty imposed by FINTRAC for alleged anti-money laundering violations. CEO BC Wong disputes the regulator's classification of KuCoin as a foreign money services business, calling the July 2025 penalty 'excessive'.

U.S. regulators are probing suspicious stock trading activities that occurred before digital asset treasury companies announced cryptocurrency purchases, according to the Wall Street Journal. The SEC has warned some companies about potential Regulation Fair Disclosure violations, targeting unusual trading volumes and price surges before public announcements.

A group of nine European financial institutions, led by ING and UniCredit, has established a consortium to develop a euro-backed stablecoin. The project, regulated under EU's MiCA framework, aims to issue the digital asset in the latter half of 2026 as an alternative to the US-dominated stablecoin market.

The U.S. Senate Finance Committee has announced an October 1 hearing titled "Examining the Taxation of Digital Assets" featuring expert testimony from industry professionals including Coinbase's VP of Tax Lawrence Zlatkin, amid ongoing debates about updating crypto tax regulations.

Australia's Treasury has unveiled draft legislation requiring cryptocurrency exchanges and custody providers to obtain financial services licenses, amending the Corporations Act 2001. The proposal, open for consultation until October 24, 2025, would regulate digital asset platforms under the same framework as traditional financial intermediaries.