US Orders Strategic Bitcoin Reserve; OKX Valued at $25B

The US government has ordered the creation of a Strategic Bitcoin Reserve, while OKX secured a strategic investment at a $25 billion valuation and the CFTC proposed a new federal crypto trading framework.

1. US President Orders Creation of Strategic Bitcoin Reserve and Digital Asset Stockpile An executive order bars federal agencies from selling forfeited $BTC, establishing the US government as a permanent long-term holder and directing the Treasury to evaluate budget-neutral strategies to acquire more assets.

2. OKX Secures Strategic Investment From Circle, Ripple and SC Ventures at $25B Valuation The funding round extends a prior investment led by Intercontinental Exchange. OKX will use the capital to expand platform infrastructure and develop real-world asset tokenization features.

3. CFTC Proposes New Crypto Rules to Establish Federal Trading Framework The CFTC published an Advanced Notice of Proposed Rulemaking on Oct. 5, 2026, for Regulation CTX and Regulation CAM, allowing registered exchanges to offer retail customers leveraged trading under a single federal scheme.

4. Winklevoss Asset Services Files S-1 Registration for Spot Zcash ETF Winklevoss Asset Services filed with the SEC on Oct. 6, 2026, to list the Winklevoss Zcash ETF on Nasdaq under the ticker WINK, with Gemini Trust Company serving as custodian for the spot $ZEC holdings.

5. Ripple Prime Expands Multi-Asset Brokerage Mandate to Brevan Howard Funds Ripple Prime will provide multi-asset prime brokerage, clearing, and financing services to Brevan Howard, which manages approximately $35 billion in assets and backed Ripple's 2025 funding round.

6. Securitize Expands in South Korea via Partnerships With KB Securities, Optimism, and LG CNS The tokenization firm signed agreements to launch onchain funds on OP Mainnet with KB Securities and build domestic stablecoin and treasury infrastructure in South Korea with LG CNS.

Numbers

Bitcoin fell 2.8% to $83,716, leading a broader market decline that pushed the total cryptocurrency market capitalization down 2.5% to $2.81 trillion, while Ether dropped 4.9% to $2,579.

Watch

• US agency accounting reports due within 30 days of the executive order, followed by a Treasury legal and custodial evaluation within 60 days.
• The close of the 60-day public comment period following the CFTC's ANPRM publication in the Federal Register.
• SEC review milestones and 19b-4 exchange rule filing status for the proposed Winklevoss Zcash ETF.