Daily Brief · October 28, 2026
The U.S. Treasury plans executive-level crypto rules to defend dollar dominance, while European exchange restrictions reshape the stablecoin market.
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Treasury Secretary Frames Crypto as Key to US Dollar Dominance
Treasury Secretary Scott Bessent said U.S. digital asset supremacy is crucial for maintaining global dollar dominance. The Treasury will coordinate with the SEC and CFTC to create agency-level rules following the…
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Coinbase to Convert Non-Compliant EEA Stablecoin Balances
Coinbase will swap remaining EEA retail balances in 14 non-MiCA stablecoins into $USDC or other supported assets on Oct. 30. Affected tokens include $USDT, $PYUSD, and $DAI, with trading already halted.
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CFTC Investigates Polymarket Over 2022 Settlement Terms
The CFTC is reviewing whether prediction platform Polymarket violated a 2022 settlement that required it to block U.S. users.
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Galaxy Digital Reports $323 Million Q3 Profit
Galaxy Digital posted $323 million in third-quarter net income, rebounding from a prior loss. Data center operations yielded $79 million in adjusted gross profit after delivering capacity to CoreWeave.
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USDC Surpasses Tether in Euro Trading Volume
Circle's $USDC now accounts for 56 percent of euro stablecoin trading volume, up from 10 percent in January 2024. The shift follows regional exchange restrictions that penalized $USDT.
The numbers
$BTC trades at $81,403, up 2.0 percent over 24 hours, while total market capitalization stands at $2.70 trillion.
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