Major Cryptocurrencies End October with Weekly Losses: Insights and What to Expect Next

Coinbase's CEO said tokenized stocks are 'inevitable' despite uncertainty around the CLARITY Act, signaling continued product focus and investor interest. Meanwhile BNB Chain has overtaken Solana as the leading platform for tokenized stocks.

Coinbase CEO Brian Armstrong said there is no clash with the White House and that talks remain ongoing as the industry works on proposals tied to the CLARITY market-structure bill. The focus is on ways to support community banks' role in crypto.

The White House has warned it may withdraw backing for a proposed crypto market bill after Coinbase said it does not support the legislation’s current approach. The dispute widens a split between regulators and major industry players and could reshape the bill’s future.

French regulators say nearly 30% of crypto firms have not applied for MiCA authorization ahead of a key compliance deadline, putting many operations at legal risk. The disclosure raises fresh concerns about enforcement and service continuity for customers.

Newrez LLC and Megatel Homes LLC disclosed plans to make cryptocurrencies a meaningful part of their strategies; Newrez will factor crypto holdings into mortgage risk assessments. The moves signal growing lender attention to crypto-native buyers and risk modeling for digital assets.