Crypto Holds Steady as Equities Rally on Fed Rate Cut Hopes

PANews reported on October 6 that the NFT project Goblintown announced on the X platform that it will launch the GobStrategy deflation strategy at 12 noon Eastern Time. According to the announcement, the Goblintown team will use its entire 1% team allocation to purchase and destroy NFT Strategies goblins, which are placed at 1.2x the price. The project will directly destroy the purchased Goblintown NFTs, immediately entering a deflationary state for the entire NFT collection. In addition, each destroyed goblin NFT carries with it an allotment of 500,000 $GOB tokens, which will be distributed over the next two years and will also be destroyed.

PANews reported on October 6 that according to an official announcement, Coinbase will add Linea (LINEA) to its coin listing roadmap.

The post FCA, crackdown on crypto appeared on BitcoinEthereumNews.com. The regulation of cryptocurrencies in the United Kingdom enters a decisive phase. The Financial Conduct Authority (FCA) has initiated a consultation to set minimum standards on transparency, consumer protection, and digital custody, in order to strengthen market confidence and ensure safer operations for exchanges, wallets, and crypto service providers. The consultation was published on May 2, 2025, and opened a public discussion on operational responsibilities and safeguarding requirements for digital assets (CoinDesk). The goal is to make the rules clearer without hindering the sector’s evolution. According to the data collected by our regulatory monitoring team, in the first weeks following the publication, the feedback received from professionals and operators focused mainly on custody, incident reporting, and insurance requirements. Industry analysts note that many responses require technical clarifications on multi-sig, asset segregation, and recovery protocols, as well as proposals to scale obligations based on the size of the operator. FCA Consultation: What’s on the Table The consultation document clarifies how to apply rules inspired by traditional finance to the crypto perimeter, balancing innovation, market integrity, and user protection. In this context, the goal is to introduce minimum standards for all firms under the supervision of the FCA, an essential step for a more transparent and secure sector, with measurable benefits for users. The proposed pillars Obligations towards consumers: assessment on the extension of the Consumer Duty – a requirement that mandates companies to provide “good outcomes” – to crypto services, with outcomes for users that are traceable and verifiable. Operational resilience: introduction of continuity requirements, incident response plans, and periodic testing to ensure the operational stability of platforms even in adverse scenarios. Financial Crime Prevention: strengthening AML/CFT measures through more stringent transaction monitoring and structured counterpart checks. Custody and safeguarding: definition of operational methods for the segregation of client assets, secure…