Crypto Market Shifts with New Rules, Upgrades, and Exploits on October 5
The crypto market saw significant regulatory and industry developments on October 5, 2026. CFTC Chairman Michael Selig announced the agency's first formal crypto-market rules, Regulation CTX and Regulation CAM, following the Senate's failure to advance the Clarity Act. Meanwhile, the SEC's 682-page crypto custody proposal is set to be published in the Federal Register, outlining frameworks for adviser self-custody and reporting requirements for tokenized funds.
FinCEN withdrew two unfinished proposals from 2023 and 2020, which would have required ID checks and reporting on transfers to unhosted wallets. In international news, the Bank of Russia began accepting applications from crypto exchanges and custodians to join official registers, with potential licenses to be issued before the end of the year.
In a major industry move, NYSE parent ICE and OKX’s joint venture, OKXICE, notified the SEC of plans for a tokenized-securities venue under the Innovation Exemption. The venue would offer 24/7 trading in tokenized U.S. stocks like NVIDIA, Tesla, and Apple, paired with stablecoins USDC, USDG, or USDT.
Zcash activated the NU7 upgrade on its public testnet, reducing the target block time from 75 seconds to 25 seconds. Additionally, Ethereum’s Glamsterdam upgrade is scheduled for a testnet on October 6, with mainnet timing still unconfirmed. Other notable incidents included a $6 million loss in a Base vault exploit and a $3.8 million NEAR Intents incident, where the exploiter later returned the funds.