CFTC Proposes Federal Crypto Exchange Framework as Bitmine ETH Treasury Hits $17.4B

The CFTC proposed a voluntary federal oversight framework for crypto exchanges, while Bitmine expanded its Ethereum reserves to 4.9% of the circulating supply and the Sepolia testnet prepared for the Glamsterdam upgrade.

1. CFTC Proposes Regulation CTX and CAM Frameworks for Crypto Exchanges: The CFTC proposed Regulation CTX and Regulation CAM to establish optional federal oversight rules for crypto trading venues, enabling registered platforms to offer margined, leveraged, or financed trading to retail customers.

2. Bitmine Treasury Hits 6.02M ETH as Total Reserves Reach $17.4B: Bitmine acquired 15,112 $ETH over the past week, bringing its total reserves to 6,016,414 ETH, or 4.9% of the circulating supply. The firm has staked 84% of its treasury, generating $363 million in projected run-rate staking revenue.

3. Ethereum Schedules Glamsterdam Upgrade for Sepolia Testnet on Oct. 6: The Glamsterdam upgrade is scheduled to activate on the Sepolia testnet at epoch 353,024 on Oct. 6, 2026. The fork introduces enshrined proposer-builder separation and block-level access lists, alongside a scheduled 200M block gas limit.

4. OKX Launches Standalone App OKX Money for Stablecoin Savings and Payments: OKX launched OKX Money, a standalone mobile application for stablecoin savings and payments. The app offers fee-free conversions between $USDG, $USDC, and $USDT, and up to 10% APY on USDG balances in select markets.

5. 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 bond pilot, which will feature short-dated on-chain settlement within the UK Digital Securities Sandbox by Q1 2027.

6. Telegram Takedowns Reshape Huione Escrow Network as Tudou Volumes Surge: Following Telegram's removal of channels linked to Huione Guarantee and Xinbi Guarantee on May 13, 2025, Tudou Guarantee recorded a nearly 70-fold jump in daily inbound volume as vendors transitioned using identical wallet infrastructure.

7. CFTC Chairman Selig Outlines Blockchain Market Structure Gaps in Fordham Address: CFTC Chairman Michael Selig stated at the Fordham Law Blockchain Regulatory Symposium on Oct. 5, 2026, that state money transmission rules lack federal safeguards such as anti-manipulation and conflict mitigation standards.

Numbers

Bitcoin is trading at $86,123, Ethereum is at $2,713 with gas at 1 gwei, and the total crypto market capitalization stands at $2.88 trillion.

Watch

• Public publication of the full proposed CFTC rule text in the Federal Register and the opening of the formal notice-and-comment period.
• Bitmine Chairman Tom Lee's keynote address at Token2049 in Singapore on Oct. 7, 2026, detailing the firm's ongoing accumulation timeline.
• Sepolia fork activation at epoch 353,024 on Oct. 6, 2026, at 13:53:36 UTC, and subsequent client release coordination for the Hoodi testnet and Ethereum mainnet.