Daily Brief · October 3, 2026
The US Treasury has targeted a multi-billion-dollar shadow banking network utilizing a ruble-backed stablecoin, while the SEC and Ripple have agreed to dismiss their appeals to finalize a $125…
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US Treasury Moves to Block Russia-Linked A7 Shadow Banking Network
FinCEN and OFAC targeted the A7 Network, proposing a rule to bar US financial firms from transmitting funds involving its sub-agents .
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SEC and Ripple Dismiss Appeals, Finalizing $125M Civil Penalty
The SEC and Ripple Labs entered a joint stipulation to dismiss pending Second Circuit cross-appeals . The agreement leaves in place a district court final judgment requiring Ripple to pay a $125,035,150 civil penalty .
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Nasdaq Ventures Backs Kraken Parent Payward With $100M for Tokenized Equities
Nasdaq Ventures agreed to invest $100 million in Payward to launch the Nasdaq Equity Token framework in Q2 2027 . Payward will also integrate Nasdaq's market surveillance technology across its trading venues .
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Ethereum Developers Propose Tapered Issuance Burn to Cap Staking Growth
The draft EIP-8363 proposal aims to eliminate the validator yield floor and cap the staking ratio below 50% . The change is designed to protect solo stakers and preserve $ETH as neutral money .
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Federal Reserve Hikes Interest Rates to 3.75-4% Range
The FOMC voted unanimously to lift the target federal funds rate by 25 basis points on Sept. 16 . The hike followed resilient labor data, with August nonfarm payrolls expanding by 162,000 .
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Anza Publishes Agave Client Release v4.5.0-alpha.1 on GitHub
Developers tagged an early alpha pre-release for the Solana Agave validator client on Oct. 3 at 06:50 UTC . The release points to a commit on the fork of the Solana Labs protocol codebase .
The numbers
Bitcoin is trading at $84,629, down 1.9% over the last 24 hours, while Ethereum fell 2.1% to $2,684, and the total crypto market capitalization stands at $2.83 trillion.
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