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ETH $2.6K · Stablecoin firm Rain seeks trust bank charter ‌ ‌ ‌ ‌ ‌
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Coin Mornings
Your daily crypto, before coffee.
Issue #116 · Wednesday, October 7, 2026
Market mood  Greed · 71/100  ▼ from 73 yesterday
Worth noting  Bitcoin fell below $85,000 since yesterday.
Bitcoin and ether declined sharply today as $550 million in leveraged positions liquidated, coinciding with geopolitical tensions and upcoming Fed communications.
 
 

☀  The Numbers

Bitcoin (BTC)$83,670  -2.9%
+0.2% this week
Ethereum (ETH)$2,576  -5.1%
-4.0% this week
Total crypto market$2.83T  -5.6%
BTC dominance 59.3% · BTC 34% below its all-time high

☀  The Movers

Top gainers (24h)

BTW Bitway+5.1%
M MemeCore+4.3%
STX Stacks+3.4%
JST JUST+2.2%

Top losers (24h)

MNT Mantle-10.9%
UNI Uniswap-10.5%
FIL Filecoin-10.3%
DOT Polkadot-9.8%

From the top 100 coins by market cap.

☀  The Read

Where the chart sits — description, not prediction

Bitcoin is trading above both its 50-day ($80.3K) and 200-day ($71.7K) averages — the longer-term trend reads as up. Over the past 30 days it has traded between $75.6K and $86.6K; today's price sits in the upper third of that range. RSI(14) is 46 — momentum is roughly neutral.

See all nine coins on the daily markets page →

☀  The Brief

 Stablecoin firm Rain seeks trust bank charter

Rain, a crypto payments company, is applying for a New York trust bank charter to directly custody digital assets and dollars without third-party intermediaries, streamlining stablecoin issuance. (CoinDesk)

 Europol flags quantum computing threat to crypto wallets

The EU police agency warned that crypto wallets face primary risk from quantum attacks, urging blockchain networks to adapt defenses against future computing capabilities. (Decrypt)

 Tornado Cash ruling shapes mixer regulation debate

Prosecutors cited the Bitcoin Fog case against venue challenges in the Roman Storm prosecution, while FinCEN withdrew a proposed mixer rule over legitimate-use concerns. (Decrypt)

 Jito's JTX expands to mobile, perpetual futures

Jito's JTX token platform plans a mobile app and perpetual futures trading this winter, expanding beyond spot trading options on the Solana network. (The Block)

Partner

Not your keys, not your coins.

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Crypto 101

What does APY actually promise?

Annual percentage yield assuming rates hold — which in crypto they rarely do. Triple-digit APYs are paid in tokens that usually fall faster than the yield accrues.

“A written plan beats a gut feeling at 3 a.m.”

Coin Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Crypto is volatile — never invest more than you can afford to lose. Some links are affiliate links; we may earn a commission at no cost to you. Prices via CoinGecko, sentiment via alternative​.me, captured shortly before send.

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