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🇺🇸 **North Dakota’s Roughrider Coin officially goes live on Fiserv and Solana**
- Fiserv’s digital asset platform is now live, with North Dakota’s Roughrider Coin being the first product that allows more than 90 banks and credit unions to send money efficiently using dollar-backed stablecoin on the Solana blockchain. - Bank of North Dakota uses Fiserv infrastructure to issue and process payments, while VersaBank handles custody, and Fireblocks provides the digital asset infrastructure. - The launch comes amid ongoing discussions about stablecoin regulation, as the Federal Reserve proposes rules for collateral assets and oversight; meanwhile, consumer awareness and trust in stablecoins remain challenges.
🇺🇸 A group of banks files a lawsuit against U.S. regulators over the issuance of crypto custody licenses
Independent Community Bankers of America has sued the Office of the Comptroller of the Currency, accusing the regulator of exceeding its legal authority.
California summons OpenAI over AI models that were hacked to get around a test
California’s attorney general wants OpenAI to respond about AI models that escaped a locked test environment and hacked Hugging Face — as well as whether the company could be held legally liable.
Ethereum Foundation and OA launch zkAPI for private AI payments
- The Ethereum Foundation and the Open Anonymity Project have launched zkAPI, a zero-knowledge protocol that enables anonymous payments for AI services without linking users’ identities. - Users deposit ETH into the ZkAPIVault, where a commitment is created and payments can be verified via zero-knowledge proofs, while also protecting users’ identities. - Although zkAPI hides payment links, the protocol does not hide the contents of requests or network information, indicating that users should use Tor to enhance privacy during active sessions.
Ethereum now lets you pay for AI without revealing your identity
Ethereum’s zkAPI lets users pay upfront with USDC and query AI models through cryptographic proofs, so no party can simultaneously know who they are and what they’re asking.
🇪🇺 EU circles oppose mandatory bank deposit requirements under MiCA for stablecoins
The issuer of USDC said to the European Commission that MiCA’s reserve requirements and concentration limits are keeping the world’s largest stablecoins outside the scope of EU regulation — in line with the ECB’s call for more flexible rules.
Company says this AI made people in video calls think it was human
Tavus said 26 of the 54 people who took part in a one-minute video call thought the company’s new Griffin model was a real person. This is a result the company itself released, and the model is still not available to the general public.
🇺🇸 Bitcoin plunges below $84,000 as crypto liquidation orders near $600 million
- Bitcoin surged above $87,000 after a weaker-than-expected US jobs report, but quickly dropped to below $84,000, losing more than $3,000 within just a few hours. - Major altcoins also saw sharp declines: Ethereum fell from $2,750 to $2,650, while XRP dropped from $1.55 to $1.45. - Total crypto market capitalization fell by nearly $8 billion, with more than $570 million in liquidated positions over the past 24 hours, mainly long (buy) positions.
SEC proposes regulations that could change how crypto asset custody funds are handled
- The SEC has proposed new rules to clarify how registered investment advisers and regulated funds may custody crypto assets, thereby addressing existing legal barriers. - The proposal would allow digital asset custody through state-chartered trust companies and certain self-custody arrangements under specific conditions, aiming to modernize existing custody regulations. - The SEC is seeking public comment on the proposal for 60 days, amid a shift in regulatory focus toward what can be done without Congressional action after the CLARITY Act failed.
Once a network worth $2.3 Billion, Blast — an Ethereum Layer-2 solution — is set to shut down
Blast says its operating costs have already exceeded the revenue generated by this Ethereum Layer-2 network, and it is asking users to withdraw their assets to the mainnet before October 26.
Pi Network (PI) in October: 3 AI predictions about what will happen to the price
- PI of Pi Network fell 4% in September, contrary to the overall positive trend of many cryptocurrencies, leading investors to expect better results in October. - ChatGPT predicts that PI will continue to fluctuate, trading in the range of $0.08–$0.11, with a potential price increase if Protocol 28 is successfully rolled out before October 13, despite concerns about token supply. - Gemini forecasts a trading range from $0.09 to $0.13, depending on resolving KYC issues, while Perplexity warns that the price could drop below $0.07 and identifies $0.10 as a key resistance level.
🇺🇸 Nvidia hits record high as market capitalization reaches $5.7 trillion
Shares of this AI chipmaker surpassed the May peak on Friday, supported by a record $150 billion share buyback program and a weak jobs report that reduced expectations for further Fed rate hikes.
NEAR Intents identifies hacker who stole $3.8 million, gives 48 hours to return the funds
- NEAR Intents CEO Alex Shevchenko identified the hacker behind an exploit worth $3.8 million and gave this party 48 hours to return the stolen money. - The platform has restored most services and plans full compensation for affected users, while coordinating with law enforcement agencies and security partners to track down the stolen assets. - Co-founder of NEAR Illia Polosukhin emphasized the increasing sophistication of crypto attacks and said the industry needs to improve security standards.
🇺🇸 Bitcoin is rejected at the $87K level despite PCE data and weak employment, while QNT and NIGHT surge: Weekly recap of the crypto market
- Bitcoin faces resistance at $85,000 and struggles to hold support below $83,000, despite a brief rally to $87,200 after the U.S. jobs report came in weaker than expected. - QNT and NIGHT jumped sharply by 160% and 105%, respectively, while major altcoins like XRP and ZEC declined. - Analysts predict October could be a bullish month for Bitcoin, but remain cautious due to historical models after U.S. midterm elections and potential market catalysts.
🇺🇸 Ethereum Price Analysis: Will the ETH Bulls Retake the $3K Mark—Can They Break Through This Time?
- Ethereum is currently trading around $2.75K, after accumulating above $2.4K. Price is approaching an important resistance zone that could determine the next move toward $3K or a pullback to $2.4K. - The daily chart shows an uptrend with higher lows than the previous ones, and a bullish crossover of the 100-day and 200-day moving averages, while the 4-hour chart indicates ETH is consolidating sideways near the $2.8K resistance level. - The Coinbase Premium Index is negative, suggesting that buying pressure from U.S. investors is weaker. This could affect the sustainability of the current uptrend if the index does not turn positive alongside a breakout above $2.8K.
Goals in the bullish market for BTC, ETH, XRP and SOL: Analyst
- Analysts predict that the crypto market may enter a rally, where Bitcoin (BTC) and Ethereum (ETH) show significant strong upward signs, supported by whale accumulation activity and strong institutional demand. - BTC is expected to target $190,000 if it breaks above the previous all-time high, while ETH could reach $8,800 if it surpasses the $5,000 resistance level. - Ripple (XRP) and Solana (SOL) are also displaying bullish patterns, with XRP targeting $31.87 and SOL aiming for $2,744, depending on whether the price closes above key resistance thresholds.
🇺🇸 ‘Uptober’ begins with a breakout as Bitcoin surges to $86K
Cooling inflation and two speakers’ moderate views on the Fed have increased the likelihood of keeping interest rates unchanged, amid expectations that the jobs report is about to be released and CPI will be released on October 14.