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24-Hour Crypto Market Update: What Happened in Crypto on October 5, 2026

Catch up on the biggest crypto news from October 5, 2026, covering major industry developments, company updates, regulation, partnerships, and market-moving announcements.

CFTC rulebook. On October 5, CFTC Chairman Michael Selig said the agency is proposing its first formal crypto-market rules after the Senate failed to advance the Clarity Act. The package is Regulation CTX (crypto asset transactions) and Regulation CAM (crypto asset markets).

The SEC’s 682-page crypto custody proposal is headed to the Federal Register. It sets out a framework for adviser self-custody, state trust-company custodians, and new reporting for tokenized funds.

FinCEN withdrew two unfinished proposals. The 2023 crypto-mixing rule and the 2020 self-hosted wallet rule that would have required ID checks and reporting on transfers to unhosted wallets (often cited around the $3,000 threshold).

The Bank of Russia opened applications for crypto exchanges and custodians to join official registers. The review period is 30 working days, and the first licenses could be issued before year-end.

NYSE parent ICE and OKX’s 50/50 venture, OKXICE, notified the SEC of plans for a tokenized-securities venue under the temporary Innovation Exemption. The notice describes 24/7 secondary trading in tokenized U.S. NMS stocks (about 63–64 names, including NVIDIA, Tesla, and Apple) through permissioned Uniswap v4 pools on X Layer, an Ethereum L2, paired with USDC, USDG, or USDT. Access would be KYC/KYB and whitelist-gated; tokens are meant to represent one-for-one entitlements to shares held via a broker-dealer.

Zcash activated the NU7 upgrade on public testnet, cutting target block time from 75 seconds to 25 seconds ahead of any mainnet move.

Digests also flagged a Base vault loss of about $6 million via a whitelist exploit, and a NEAR Intents incident of about $3.8 million in which the exploiter later returned funds to wallets named by the team.

Ethereum’s Glamsterdam upgrade is scheduled for a testnet tomorrow (Oct 6); mainnet timing is still unconfirmed.

Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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