The market this morning

Wall Street and crypto firms press the SEC as the Regulation Crypto Assets comment window closes

By Crypto Info News

Good morning. The US Securities and Exchange Commission's comment period on its Regulation Crypto Assets proposal was closing, and crypto firms and Wall Street institutions used it to push for changes, The Block reported. Cointelegraph reported that Bitwise and Hyperliquid sought rule changes covering token classification, secondary-market trading and airdrops, asking for clearer guidance as the window shut.

JPMorgan Asset Management issued its first long-term Bitcoin forecast. Decrypt reported that its 2027 Long-Term Capital Market Assumptions project a 10% annual return over 10 to 15 years, while the firm is not adding Bitcoin to its main portfolio models. The Block reported the same 10% figure and said the firm flagged 55% volatility as a barrier to portfolio adoption.

Opposition to tokenized stocks widened. Decrypt reported that sixteen companies, now including Microsoft, Alphabet and Goldman Sachs, have objected to having their shares traded on the planned OKX-ICE venue, up from nine four days earlier, citing an updated public notice. CoinDesk reported that Andrew Cuomo, who co-chairs the joint venture between the crypto exchange and Intercontinental Exchange, called the objections a "natural response" and said companies were expected to take a wait-and-see approach.

In the market, Bitcoin stood at $82,943.83, up 1.31% over 24 hours, with Ether at $2,446.49, up 1.69%, and XRP at $1.33, up 2.39%. Decrypt reported that Bitcoin was trading just below $83,000, above both its short-term and long-term moving averages. Decrypt also reported that US spot Bitcoin ETFs took in $526.7 million on Monday, their biggest day since September 22, with BlackRock's IBIT supplying all of it as Fidelity and Grayscale funds saw outflows.

Elsewhere in regulation, Decrypt reported that Switzerland's FINMA approved the first retail fund to hold Bitcoin directly, waiving diversification rules while leaning on custody and investor-protection safeguards. CoinDesk reported that a US CFTC task force is scheduled for October 28 to discuss how "super intelligence" technology may affect markets and agentic finance.

Security and attrition also featured. Decrypt reported that a wallet linked to April's $295 million Drift exploit, attributed to a North Korea-linked attacker, pushed 25,700 ETH — about $61 million — through Tornado Cash in two hours and still controls roughly $198 million more. Cointelegraph reported that Qubic restarted its blockchain and opened recovery claims until May 1, 2027, after a $1.4 million hack, following validator approval of a recovery plan. Cointelegraph also reported that 82 crypto projects have shut down in 2026 amid falling revenues, depleted funding and security breaches.

What to watch: the SEC's handling of the filed comments, the October 28 CFTC forum, and whether more issuers object to the OKX-ICE venue. Glassnode published research on Proximity-Weighted Cost Basis as a measure of support and resistance.