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The UK's Financial Conduct Authority (FCA) has launched two parallel consultations aimed at seeking industry input on the applicability boundaries of DeFi and its upcoming regulatory framework for crypto assets. Both consultations will close on November 18, 2026; the FCA plans to publish final guidance in January 2027 after reviewing feedback from various parties.The first consultation primarily targets FCA-regulated firms that use DeFi protocols or facilitate access to DeFi protocols. The guidance is not intended to introduce a new rulebook but aims to clarify how existing regulatory requirements should apply when firms provide services through highly automated, distributed ledger-based systems. The second consultation explores the scope of crypto asset regulation in the context of recent legislative changes (i.e., the "regulatory boundary").

On October 21, the UK's Financial Conduct Authority (FCA) published Consultation Paper 26/36 titled "Guidance on the Regulatory Scope of Cryptoassets," which explains how to determine whether related activities require authorization when the business model involves a certain degree of decentralization.The FCA pointed out that the use of software, smart contracts, distributed ledger technology, distributed governance mechanisms, or other technological arrangements does not, by itself, determine whether there are regulated activities that require authorization. Automation merely describes the manner in which functions are executed and does not determine whether that function constitutes part of a regulated activity. The so-called "true DeFi" is not a statutory concept in the "Regulated Activities Order" or the "Cryptoasset Regulations"; the degree of decentralization is a continuum and does not constitute an independent or separate regulatory framework.At the same time, the FCA also published Guidance Consultation Paper 26/7, which explains how regulated firms should manage DeFi risks, focusing on operational resilience and financial crime risks, and provides examples of measures that firms may consider taking. Both consultation papers will close for comments on November 18, and the FCA plans to publish the final guidance in January 2027. Starting from October 25, 2027, the new regulations will bring new cryptoasset activities under regulatory oversight, and firms wishing to continue related business must submit authorization applications by February 28, 2027.

Binance founder Zhao Changpeng released a simplified guide for cryptocurrency asset custody, suggesting that users match security measures according to their holding scale and technical capabilities, while focusing on three major issues: preventing asset theft, avoiding accidental loss, and planning for asset inheritance in advance.Regarding self-custody, Zhao Changpeng advised users to take measures such as storing private keys on offline devices, using reliable hardware wallets, verifying transaction addresses, and setting up multiple off-site backups. He also reminded users to avoid saving keys through photos or screenshots to prevent them from syncing to the cloud and causing leaks. In terms of asset inheritance, users should develop a secure recovery plan in advance, avoiding direct sharing of keys or storing recovery information in an unencrypted form. For centralized trading platforms, Zhao Changpeng suggested that users assess the platform's reputation, security capabilities, and business model, and strengthen account protection through measures such as independent email, strong passwords, two-factor authentication, hardware security keys, and withdrawal address whitelists, while also being vigilant against phishing attacks and API credential leaks.Zhao Changpeng further suggested that users should reasonably allocate assets between centralized trading platforms and personal wallets based on their technical capabilities, security management levels, and funding needs. Self-custody means that users need to independently bear the responsibility for private key protection and asset recovery, while custody by trading platforms involves platform credit and counterparty risk. Additionally, maintaining an independent wallet helps to ensure access to assets during maintenance or service interruptions on trading platforms.

Nate Geraci, President of ETF Store, expressed that his initial interpretation of the latest notice from the U.S. Treasury regarding 351 exchanges is not as optimistic as some industry insiders. Geraci believes that if the asset portfolio transferred into the ETF significantly differs from the ETF's own investment strategy, it may face issues, especially in cases where the related assets are quickly reduced or completely sold off through physical redemptions.He also pointed out that the Treasury's guidance is not clear regarding the specific applicable boundaries, making it currently difficult to determine which operations may be permitted. Further guidance is expected to be issued in the future.

Strategy publicly released the "Bitcoin Investor Guide," compiled by its team, with a revision date of September 7, 2026, and market data as of September 4. The guide is aimed at professional investors, private investors, bankers, advisors, and capital allocators, systematically elaborating on Bitcoin's monetary attributes, investment logic, market structure, portfolio role, custody methods, and risks. The core viewpoint asserts that Bitcoin is no longer just a speculative asset but is becoming the foundation of a new type of digital capital market—a scarce, open, global reserve asset. The long-term logic is based on scarcity, open access, global liquidity, and independent verification, and it may absorb some of the monetary premiums currently attached to gold, real estate, stocks, bonds, and artworks.Key data snapshot (as of September 4, 2026): Bitcoin price is approximately $79,809, the 200-week moving average is about $64,715 (premium of approximately 23.3%); 1-year return is approximately -28.3%, and 10-year annualized return is about 62.8%; 30-day average trading volume is around $28.3 billion, and open interest is about $96 billion; spot ETFs hold approximately 1.27 million BTC, and the total network hash rate is about 935 EH/s. The guide emphasizes Bitcoin's positioning as "digital capital": a maximum supply cap of 21 million coins, no issuer, no expiration date, no contractual cash flows, with value primarily determined by scarcity and the monetary premium assigned by the market. It can be held directly, transferred globally, and independently verified. After the U.S. SEC approves the spot Bitcoin ETP in January 2024, institutional access has significantly increased, and the infrastructure for futures, options, and custody continues to mature. In terms of risk warnings, the guide points out Bitcoin's high volatility, lack of repayment commitments, and the potential for significant price declines; self-custody and third-party custody, ETPs, corporate securities, and derivatives all carry different legal, operational, and counterparty risks; transactions are irreversible, and loss of keys can lead to permanent loss. Strategy, as a publicly listed company with significant Bitcoin holdings, has a vested interest in Bitcoin prices. The document clearly states that it is for educational purposes only and does not constitute investment advice.

According to Bloomberg, U.S. regulators released a statement on Friday announcing a proposed guideline on third-party risk management for banks. The Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration stated that the proposal aims to help banks and credit unions "better align and customize their third-party risk management practices to match the risks of various third-party relationships."Federal Reserve staff indicated in a memorandum that as this plan is introduced, banks are increasingly outsourcing certain functions and relying on third-party relationships to improve efficiency and reduce costs. The plan will be open for public comment, is non-binding, and aims to focus institutions' regulatory attention on a principles-based approach to such risks. Federal Reserve Governor Barr opposed the proposal, citing concerns about the standards for "significant financial risks."

Virtuals Protocol has released a complete operational guide for issuing AI Agent tokens on Solana, covering processes such as identity setup, instant or scheduled launch, token economics, and advanced configurations.The guide introduces the Automated Capital Formation (ACF) automatic financing mechanism, which has raised over $6.8 million; it also supports team pre-purchases, anti-sniping taxes, and directly binding tokens to the Economy OS-driven AI Agent. After the token launch, it will be traded through the Meteora DBC pool, with a 1% transaction fee, of which 70% goes to the creators. After accumulating 42,000 VIRTUAL tokens, the token will automatically graduate and migrate liquidity, with LP locked for 10 years.

Bitcoin News posted on the X platform stating that the Financial Accounting Standards Board (FASB) has proposed new U.S. accounting guidelines, allowing eligible stablecoins to be classified as cash equivalents in corporate financial statements.According to the proposal, eligible digital assets must possess the following key characteristics: redeemable for cash on demand; holders can directly redeem a specified amount of cash from the issuer; reserve assets must be managed separately and fully backed by short-term, highly liquid assets on a 1:1 basis (DART).FASB has not modified the existing definition of cash equivalents but clarified how this definition applies to digital assets such as stablecoins. Companies are also required to disclose the significant components of cash equivalents annually, including categories such as Treasury bills, money market funds, and stablecoins. The proposal is open for public comment until November 19, 2026.

According to an exclusive report from "Du Jia," Xiaohongshu is developing a brand new "AI Shopping Guide" feature, which relies on a conversational interaction model to directly push product cards and attach order jump links in Q&A scenarios. This project is led by Daoxuan (Pan Boyuan). As of the time of publication, Xiaohongshu has not responded.Previously, Xiaohongshu launched an AI summary feature in store reputation, and this AI shopping guide is a further extension of its intelligent transaction chain. According to public data, Xiaohongshu has approximately 400 million global MAU, with 39 million users engaging in explicit purchasing behavior daily, resulting in 140 million active purchase requests, over 47 million users entering merchant live streams, and more than 170,000 merchant group chats remaining active. During the 618 period, the GMV of store broadcasts increased by 265% year-on-year, and note content drove transaction growth of over 210%.Xiaohongshu currently adopts a dual transaction model of "internal marketplace closed loop plus external traffic diversion," and there is still room for improvement in the direct order conversion rate within the platform. The launch of the AI shopping guide feature is expected to further enhance its internal e-commerce GMV and revenue.

Bitget released a statement on "Improving Market Mechanisms and Maintaining Fair Trading," announcing the advancement of market fairness from three directions: first, establishing a mechanism for handling and returning abnormal profits, disposing of profits generated from violations or abuse of mechanisms, with proceeds not counted as platform revenue and specifically used for user protection; second, enhancing risk standards for listed and existing assets, conducting dynamic monitoring of existing assets based on indicators such as liquidity, depth, and volatility, and taking management measures for those that do not meet the standards; third, continuously optimizing the underlying mechanisms, focusing on improving the stability of price marking and dynamic risk control capabilities under extreme market conditions.The above optimization work will be carried out in phases, involving adjustments to specific trading rules or product mechanisms, and the platform will notify through official channels. Bitget emphasizes that trust comes from adherence to rules and will continue to maintain a fair and orderly trading environment through mechanism optimization and transparency initiatives.

According to Jinshi reports, Nvidia has released a cybersecurity guideline for the artificial intelligence industry, aimed at enhancing security standards and protective measures within the industry.

According to The Nation Online, the Nigerian Tax Authority has released the "Virtual Asset Taxation Guidelines," officially incorporating cryptocurrencies, stablecoins, NFTs, and other blockchain digital assets into the country's tax system. The guidelines were published on July 31 and provide the first detailed framework for taxing the income from assets such as cryptocurrencies, stablecoins, governance tokens, and NFTs.The guidelines stipulate that income generated from the disposal, exchange, or transfer of virtual assets must be taxed according to Nigerian tax law, and income from blockchain activities such as mining, staking, validating, airdrops, and token rewards is also subject to taxation. Virtual assets must be valued at the market price of exchange platforms recognized by the tax authority. Individuals and businesses must maintain complete transaction records, and virtual asset service providers must register for taxation and report large or suspicious transactions. The SEC continues to regulate securities-type virtual assets, while the tax authority is responsible for tax management. The guidelines do not set a separate tax rate for cryptocurrencies but apply existing tax law provisions. The guidelines follow President Bola Tinubu's executive order on establishing a coordinated regulatory framework for virtual assets.

Bitget released the rToken Institutional Cross-Asset Capital Management Guide, which details how market makers, hedge funds, quantitative trading firms, prime brokers, and asset management companies can utilize its Unified Trading Account (UTA) to enhance capital efficiency between cryptocurrencies and tokenized U.S. stocks. The guide focuses on portfolio construction and financing strategies, covering core trading scenarios such as cross-asset collateral, dividend arbitrage, and lending structures that balance capital efficiency with risk isolation, providing a practical framework for institutions to optimize multi-asset allocation.Currently, Bitget's Unified Trading Account (UTA) supports over 370 types of collateralizable assets, including 105 types of tokenized U.S. stocks. Eligible crypto assets and tokenized stocks can enter the same margin system, share collateral, and offset margin requirements, helping institutions reduce idle funds scattered across exchanges and brokerage accounts.Bitget CEO Gracy Chen stated that institutions do not lack access to the stock market; the real challenge lies in how to efficiently move funds between different markets. As tokenized assets gradually enter institutional portfolios, managing crypto assets and tokenized stocks under a unified framework will provide more possibilities for risk management and asset allocation.