- Bitcoin climbed to $77,488.22 as SEC’s Innovation Exemption lifted markets.
- SEC’s new exemption lets tokenized NMS stocks trade on approved venues.
- Hackers used Anthropic’s Claude to breach OpenAI’s internal ChatGPT system.
The global crypto market cap rose 1.2% to $2.73 trillion over the past 24 hours. Bitcoin traded at $77,488.22, up 1.4% on the day but roughly flat on the week at 0.7%. Ethereum changed hands at $2,479.74, up 1.8% in 24 hours, up 1.3% over seven days.
BNB rose 3.7% to $751.17, up 5.6% weekly. XRP gained 1.6% to $1.32. Solana jumped 5.9% to $105.68, up 6.5% over seven days. Zcash surged 10.3% to $1,521.04, up a striking 42.3% over the past week.
Trending Searches
Arbitrum led trending searches, up 3.1% to $0.2173. Zcash followed and NEAR Protocol rose 5.2% to $3.563. Among top gainers, Marscat Token surged 246.8% to $0.8642, Paradex climbed 113.8% to $0.03551, and Orbio.so rose 79.9% to $0.05112.
SEC Opens Door to Tokenized Stock Trading
The SEC approved a five-year “Innovation Exemption” allowing eligible Tokenized Securities Venues to trade tokenized NMS stocks through automated market makers and liquidity pools, SEC Chair Paul Atkins confirmed.
Tokenized shares must carry the same rights as traditional securities, including dividends and voting, and issuers get 30 days to object before trading begins, with non-response treated as consent. Synthetic tokenized stocks are excluded entirely. AMC CEO Adam Aron praised the move and urged Robinhood to apply the same standard to its overseas stock token business.
AI Security Incident
An independent security research team used Anthropic’s Claude to breach an OpenAI employee’s ChatGPT account. Researchers first used Claude to analyze a Discourse vulnerability affecting OpenAI’s developer community and generate working attack code, then exploited a permission configuration issue to gain access to the employee’s account, along with limited read access to some private GitHub repositories and the ability to submit code changes.
Zcash Rally Continues
ZEC price surged 23% in the 24 hours after Paradigm co-founder Matt Huang disclosed the firm holds Zcash. Open interest rose 37.84% to $2.2 billion, with a funding rate of negative 0.0253%. Multiple newly created wallet addresses withdrew large ZEC positions from exchanges over the following two days, including one that pulled 15,860 ZEC worth approximately $22.69 million from Binance.
Post-Fed Market Moves
Following the Federal Reserve’s 25 basis point hike to 3.75%-4.00%, Bitcoin rose slightly while the broader market rallied on eased oil prices and receding rate-hike anxiety. SoSoValue data showed crypto sectors gaining broadly, with DeFi up 6.80% in 24 hours; within the sector, Genius Terminal token GENIUS rose 20.66%, Uniswap gained 14.81%, and Hyperliquid climbed 10.01%.
CryptoQuant analysts flagged parallels to the 2022 rate-hike cycle, when Bitcoin rebounded roughly 18% before a deeper decline, warning that history offers limited guidance from a single cycle.
Related: Cardano Founder Explains Why The CLARITY Act Failed to Pass US Legislation
Regulatory and Institutional Developments
Kevin O’Leary said he expects the Senate to revisit the CLARITY Act as early as the first quarter of next year, following this week’s failed cloture vote. The CFTC issued a no-action position easing registration requirements for “passive software” providers connecting users to regulated brokers, extending an arrangement previously granted to the Phantom wallet.
Morgan Stanley’s Bitcoin holdings through its MSBT ETF topped 8,000 BTC for the first time, valued at approximately $614 million.
ETF Flows
Bitcoin spot ETFs recorded total net inflows of $159 million, led entirely by BlackRock’s IBIT at $184 million, while Fidelity’s FBTC saw the largest single-day outflow at $16.64 million, according to SoSoValue. Ethereum spot ETFs posted a $39.24 million net outflow, marking three consecutive days of outflows.
Related: Kevin O’Leary Sees CLARITY Act Returning to Congress in Early 2027
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