Express News | Golden Morning Brief | Overview of Key Overnight Developments on October 6

Keywords (21:00–7:00): Bank of Russia, S&P Global, Metaplanet, U.S. Treasury 1. CFTC Chairman Selig proposes initial regulatory framework for crypto markets 2. Bank of Russia opens registration applications for cryptocurrency exchanges and custodians 3. S&P Global launches DeFi lending vault ratings, ranging from AAA(v) to D(v) 4. HIVE’s BUZZ HPC converts mining facilities to AI computing power, securing orders worth approximately $570 million 5. Metaplanet revises capital allocation policy, planning to allocate up to 90% of assets to BTC 6. Strategy seeks shareholder approval to change preferred stock dividend accrual to a daily basis; STRC maintains a 12% interest rate 7. U.S. Treasury withdraws proposed cryptocurrency monitoring rules targeting non-custodial wallets and CVC crypto mixing services

Latest07:39

MicroStrategy (MSTR.US) Posts $21 Billion Profit in Q3, Pursues Dual Strategy of Share Buybacks and Bitcoin Accumulation

MicroStrategy reported $21 billion in digital asset gains in the third quarter, holding a record 848,000 Bitcoins. During the same period, it spent $176 million to repurchase shares and continued to

Zhitong Finance07:26

Strive (ASST.US) spent $169 million to acquire 2,000 BTC, closing in on MARA (MARA.US).

Strive has completed its largest BTC purchase since June, bringing its total holdings to 29,462 coins. Although it has narrowed the gap with MARA, the impact of Metaplanet overtaking it has sharply

Zhitong Finance07:25

Express News | Ramaswamy Runs for Ohio Governor; Crypto No Longer a Central Issue

On October 6, Cointelegraph reported that Republican candidate Vivek Ramaswamy is running for governor of Ohio. While his stance on cryptocurrency remains unchanged, it has not become a core issue, contrasting sharply with his strong support for Bitcoin and opposition to central bank digital currencies (CBDCs) during the 2024 presidential race. He holds approximately 5.69 million shares in Strive, a firm he co-founded, with a market value exceeding $170 million; as of August 28, Strive held 23,156 BTC, worth approximately $2 billion. His campaign website accepts cryptocurrency donations, with World Liberty Financial co-founders making the maximum allowable contribution of $16,615. His super PAC also received $20 million from Susquehanna International Group’s co-founders and $5 million from Elon Musk. The report attributes this shift to local voters’ generally negative sentiment toward crypto and controversies surrounding data centers.

Latest06:39

Express News | Morgan Stanley's Bitcoin ETF holds 10,519 BTC valued at $904 million, approaching the $1 billion mark

On October 6, citing on-chain data from Arkham, U.Today reported that Morgan Stanley's Bitcoin ETF (MSBT) latest holdings reached approximately 10,519 BTC, distributed across wallets associated with the fund, with a value of about $904 million. The fund began trading on NYSE Arca in April this year and has accumulated nearly $1 billion worth of Bitcoin within approximately five months of its launch. It is less than $100 million short of the $1 billion milestone, which it may achieve this month. Reports indicate that the fund has continued to buy BTC during periods of market volatility and has never sold.

Latest06:24

Express News | Draper Associates Leads Investment in Xverse, Doubling Down on Self-Custodial 'New Bank for Bitcoin'

On October 6, The Defiant reported that Draper Associates, founded by Tim Draper, led the strategic financing round for the Bitcoin wallet Xverse, with participation from Trust Machines and Draper Dragon. Terms were not disclosed, and Xverse did not announce the fundraising amount or valuation. Positioned as a self-custodial "new bank for Bitcoin," Xverse has surpassed 2 million downloads since its launch in 2021. It integrates Bitcoin vaults with on-chain Earn, Cash, and Borrow features, allowing users to generate yield and borrow funds while retaining control of their private keys. CEO Ken Liao stated that holders should not have to choose between safeguarding their private keys and generating returns on their Bitcoin.

Latest06:00