State Street

Bitcoin dropped 4% over the past 24 hours to trade near a one month low just above $80,000, extending a fast pullback from levels near $87,000 earlier in the week. The broader crypto market suffered sharper losses as traders weighed rising oil prices, higher interest rates, regulatory uncertainty, and memories of the October 10, 2025 flash crash.

The U.S. Securities and Exchange Commission is advancing two market-structure initiatives with potential consequences for crypto firms and tokenized securities. The agency has set a roundtable on round-the-clock trading and proposed transfer-agent rule changes that explicitly address blockchain technology.

Fidelity Investments is launching a money market fund designed to hold reserves for stablecoin issuers and institutional clients under the new GENIUS Act. The move intensifies competition with traditional asset managers as the stablecoin market expands.