CFTC Chair Says Crypto Rules Will Prevent FTX-Style Collapse

Pro-crypto regulator Mike Selig has said that pushing ahead with new rules will stop another collapse like FTX. 

Speaking on Fox Business Network’s Varney & Co. show Wednesday, the Commodity Futures Trading Commission Chair said that crypto exchanges will have the chance to register with the regulator in order to safeguard digital asset spot markets. 

Once one of the most popular crypto exchanges, FTX quickly and abruptly went bankrupt in 2022 due to mismanagement. Its founder, Sam Bankman-Fried, is now serving 25 years in prison for fraud and other crimes after $8 billion in customer funds was stolen. 

The CFTC and other regulators are pushing ahead with rulemaking for…

Read more on BitcoinMagazine

U.S. Investors Want To Up Their Crypto Holdings: Charles Schwab

Forget stocks — U.S. investors are more interested in upping their bitcoin holdings, according to new research. 

Charles Schwab’s 2026 Modern Wealth Survey dropped on Wednesday, and showed that current cryptocurrency investors want to keep adding to their holdings. 

The research revealed that a total of six in 10 plan to invest more over the next 12 months — a higher share than among owners of all other investments measured, including ETFs (56%), stocks (52%), bonds (42%), and mutual funds (41%). 

“Existing cryptocurrency investors are certainly leaning in, particularly younger investors who are driving much of the interest and momentum in cryptocurrency,” Head…

Read more on BitcoinMagazine

Bitcoin Quantum Exposure At Block 950,000 

At block 950,000, 6.90 million BTC are cryptographically exposed, equal to 34.45% of circulating supply. That headline number should not be read as the amount of bitcoin likely to be lost in a quantum event. Practical risk depends on whether the owner can respond, whether the entity is operationally active, whether the balance is large enough to justify the cost of attacking, and how quickly funds can be migrated. Considering those dimensions, the risk profile is narrower, more concentrated, and more dormant than the raw exposure figure implies.

6.90M BTC Raw exposed supply

34.45% Raw exposed share

3.33M BTC Active >=1 BTC exposure

2.28M BTC Dormant unknown >=1 BTC

Read more on BitcoinMagazine

Block Gifts One Bitcoin To Lucky ComplexCon Attendee

Jack Dorsey’s Block is pushing so hard for bitcoin adoption, it gifted 1 BTC to a lucky conference attendee at this year’s ComplexCon in Los Angeles. 

The fintech giant attended the Complex Networks yearly event at the weekend in a bid to introduce newbies to the leading cryptocurrency through — in its words — “culture, shopping and play.”

Block’s Cash App had a stall at the event with a fishing game dubbed “Lightning Lake”, allowing attendees to win small amounts of bitcoin. 

But one fortunate player was lucky enough to scoop up a whole coin — worth $85,000 at the time. 

“We wanted bitcoin to feel approachable, tangible and fun,” Maria…

Read more on BitcoinMagazine

Russia’s Sberbank Given Green Light To Custody Bitcoin

Russia’s largest bank has announced it is the first in the country to have been approved to custody bitcoin. 

Sberbank said in an announcement Wednesday that the Bank of Russia gave the company the green light for “digital currency record-keeping” and to facilitate the transfer of such assets. It said that bitcoin and other, smaller cryptocurrencies were given approval. 

Russia is fast moving ahead with regulating digital assets in the country. Russian President Vladimir Putin this month signed a law to set in stone the regulation of digital currencies and digital rights in the country. 

JUST IN: 🇷🇺 Russia’s largest bank Sberbank, has received approval to…

Read more on BitcoinMagazine

Bitcoin Price Falls Under $83,000 On Rising Borrowing Costs

Bitcoin’s price has plunged — with other assets — as oil surges and the cost of borrowing increases. 

The largest cryptocurrency was trading for $83,062, down nearly 4% over a 24-hour period Wednesday morning in New York, after at one point dropping as low as $82,823. Last week, the coin nearly touched as high as $87,086. 

Over the past 24 hours, nearly $178 million in long bets on the bitcoin price have been closed, according to Coinglass. 

Bitcoin’s sharp drop comes as U.S. mortgage rates climb for a seventh straight week to their highest level in nearly three years. 

The rise in borrowing costs was prompted by the oil price surging, stoking fears that the Federal…

Read more on BitcoinMagazine

A Strategic Signal From A $100B Fintech

Robinhood has taken a clear step into corporate Bitcoin ownership. On October 7, 2026, Johann Kerbrat, the company’s Senior Vice President and General Manager of Crypto and International, disclosed that Robinhood has added $25 million worth of Bitcoin to its own corporate balance sheet—its first proprietary BTC holding.

Kerbrat framed the purchase as more than a financial allocation. Speaking in an interview at the Digital Asset Summit Asia, he described it as a deliberate signal of commitment: “We care deeply about bitcoin and the ecosystem around it. For us, it’s more aligning our company and our vision with the crypto community.” He was equally clear about scale,…

Read more on BitcoinMagazine

Crypto Card Payments Hit Record $12.5B As Adoption Surges

Payment volume processed on crypto cards has climbed to a record $12.5 billion, up 140% year-to-date, according to data from paymentscan.xyz, first shared by The Kobeissi Letter.

The figure is also 247% higher than levels recorded in October 2025.

The surge is being driven by growing use of stablecoins as a payment rail and a broader push for cheaper, faster cross-border transactions, The Kobeissi Letter said.

BREAKING: The total volume of payments processed on crypto cards has reached a record $12.5 billion, up +140% year-to-date.

This also marks +247% growth compared to levels seen in October 2025.

Continued adoption of stablecoins as a payment rail and the push toward…

Read more on BitcoinMagazine

$350M St Cloud CEO: The First Credit Union To Put Bitcoin On Core Ledger

A credit union founded by postal workers in 1930 is now custodying real Bitcoin for its members. St. Cloud Financial Credit Union CEO Jed Meyer explains how its patent-pending hybrid custody model gives each member individual Bitcoin ownership in a multisig vault. He also covers how the credit union has grown to more than 20 BTC under custody without even trying.

Chapters:00:00 St. Cloud Financial Credit Union’s Path to Bitcoin01:08 Stablecoins, Dollars, and Bitcoin as New Money Networks02:26 Bitcoin ETF vs. Credit Union Custody: The Hybrid Custody Model03:18 Bringing Main Street Into Bitcoin With Direct Buy and Sell04:45 Minnesota Custody Law, NCUA Exams, and the CLARITY…

Read more on BitcoinMagazine

Real Estate Vs Bitcoin & Bond Market Outlook

Mortgage rates just hit their highest level in nearly three years, and homebuyers are already pulling back. HousingWire Lead Analyst Logan Mohtashami explains why the 10-year Treasury yield keeps climbing since talks with Iran broke down, and why the Federal Reserve has turned hawkish. He also explains how mortgage spreads are keeping 30-year rates from climbing above 8%.

Chapters:00:00 30-Year Mortgage Rates Hit 7.28%, Highest in Nearly Three Years00:52 Iran Talks, the Fed, and Why the 10-Year Yield Keeps Rising01:58 Mortgage Spreads Explained: Why Rates Aren’t Above 8.6%03:28 What It Would Take to Get Meaningful Home Price Cuts04:43 Homebuilders, Profit Margins, and Mortgage…

Read more on BitcoinMagazine