Both versions are, in Kazan’s estimation, self-portraits of the artists who made them. Renowned for directing A Streetcar Named Desire and On the Waterfront and co-founding the influential Actors Studio from which the school of “method acting” was born, Elia Kazan was called before the House Un-American Activities Committee in 1952. The Hollywood blacklist was in effect and, Faced with the possibility of never being able to work in Hollywood again, he named names. His granddaughter has never read his autobiography, though she has tried. “There’s some very young part of me that’s like, I still want my grandpa to be my grandpa and not have access to all of this adult stuff,” she says. But she believes that Elia Kazan, who died in 2003 when she was 20, saw himself in the black sheep of the family: “He had this cold and demanding father, and I think he was projecting onto Cal.” Made during a period when the director was facing significant backlash, his version focuses on guilt, rejection, and alienation.

“The CFTC is locked in and ready to ship its rules for the new frontier of finance,” CFTC chair Mike Selig wrote in a post on X following the vote on Wednesday. 

The CFTC, on Friday, also published a no-action letter, giving certain software providers a way to connect users to regulated derivatives markets without registering as introducing brokers. It covers passive software that lets users view markets and submit orders directly to registered firms, including through crypto wallets.

Providers can market specific contracts and receive transaction-based fees, but they cannot hold customer assets, generate buy or sell signals or control how orders are routed or executed, according to the letter.

The relief comes with conditions, including risk disclosures, recordkeeping and compliance with marketing rules. It remains in place until the CFTC adopts rules or guidance addressing registration requirements for software developers.

Bitcoin (BTC) jumped past $80,000 around Friday’s Wall Street open as fuel-crisis woes spread through global markets.

Key points:

• Bitcoin gained 6% on Friday as concerns about oil supply saw US bond yields reverse higher.
• Crypto markets liquidated $250 million in short positions over four hours.
• BTC price momentum now faces the familiar resistance levels first encountered in May.

BTC surges 6% as US bond yields turn upward

Data from TradingView showed BTC/USD filling pockets of upside liquidity to reach local highs of $81,034 on Bitstamp.

BTC/USD four-hour chart. Source: Cointelegraph/TradingView

A cluster of short positions above the spot price came under fire as a result. Per data from CoinGlass, cumulative cross-crypto short liquidations sat near $250 million over four hours.

BTC liquidation heatmap. Source: CoinGlass

US WTI crude fell to lows of $94.8 per barrel, only to begin climbing again during the Asia trading session. It is circling $98 at the time of writing.

CFDs on WTI crude oil one-day chart. Source: Cointelegraph/TradingView

In a report on Friday, the International Energy Agency (IEA) warned that countries may have no choice but to cut usage. In March, the IEA released 400 million barrels from its emergency reserves amid the closure of the Strait of Hormuz.

“Prices for crude and oil products had eased from their April peaks in the months that followed as emergency IEA stocks were released, Strait of Hormuz bypass routes boosted Middle East exports, producers outside the region raised output, flows out of the Persian Gulf partially recovered and global demand softened,” it wrote.

“But if Gulf supplies remain constrained in the coming months and commercial inventory buffers continue to deplete rapidly, higher prices and further demand reductions may be required to close the supply-demand gap.”

The report calculated oil flows through Hormuz at 7.6 million barrels per day in August, 13.1 million below the daily tally before the US-Iran war.

Gulf producers oil exports, February-August 2026 (millions of barrels/day). Source: IEA

US bond yields once again rose amid the oil uncertainty. The US 30-year yield reached 5.34% on the day, up 90 basis points.

US 30-year bond yield one-month chart. Source: Cointelegraph/TradingView

Earlier, Cointelegraph reported on rising yields in multiple nations forcing central banks to raise interest rates — a move seen in both the US and Japan this week.

Analyst: Bitcoin price faces key breakout test next

Commenting on low-time frame BTC price action, trader and analyst Rekt Capital said that bulls now faced a “moment of truth.”

Related: Bitcoin adds to bull-market hopes as price metric prints fourth-ever bullish cross

A chart uploaded to X showed $82,000 as a key level for BTC/USD to break though. Failing to do so would constitute a double rejection pattern together with the price action that ended the mid-May rebound.

BTC/USD one-day chart. Source: Rekt Capital on X.com

Bitcoin’s latest upside saw it reclaim its True Market Mean, the aggregate cost basis of all coins acquired on secondary markets, which currently sits at $76,660.

“That puts price back above a crucial level and back into a bullish regime,” onchain analytics platform Glassnode told X followers on Friday. 

The cost basis for Bitcoin’s corporate treasuries, meanwhile, lies at $80,500, further reinforcing the significance of the current local range.

Bitcoin cost-basis data. Source: Glassnode on X.com

Banks are accelerating their push into Europe’s regulated crypto market, and the shift is showing up clearly in ESMA’s MiCA (Markets in Crypto-Assets) provider register. According to Cointelegraph’s analysis of ESMA data, banks expanded much faster than non-bank crypto-asset service providers over a roughly three-month window in 2026—changing the balance of who is listed under the EU’s MiCA framework.

Between June 26 and Sept. 16, the number of banks appearing on the MiCA register doubled to about 80 from roughly 40. Over the same period, the total count of listed crypto-asset service providers (CASPs) climbed from 243 to 349, but banks gained share as non-bank providers’ relative presence fell.

Key takeaways

• ESMA register data analyzed by Cointelegraph shows banks’ MiCA-listed footprint doubled to about 80 providers between June 26 and Sept. 16.
• Total CASPs rose to 349, but non-bank providers’ share slipped from around 84% to 77%—indicating faster bank growth.
• Banks increased from roughly 17% of the register in late June to nearly 23% by September.
• Germany is a major driver, with both large lenders and regional cooperative banks adding MiCA-covered capabilities.

MiCA register shows banks gaining share faster

The MiCA framework is designed to bring consistent rules to crypto-asset activities across the EU. In practice, the provider register offers a real-world view of which types of institutions are moving into compliance workflows.

Cointelegraph’s review of ESMA’s MiCA register shows that while the overall number of CASPs increased steadily—from 243 to 349—the change in composition matters. Non-bank providers still represent the majority of entries, but their dominance narrowed as banks expanded at a faster pace.

In late June, banks accounted for about 17% of the listed providers. By Sept. 16, that proportion was approaching 23%, even as non-bank providers remained the larger group in absolute terms. The implication for market participants is straightforward: regulated crypto services are no longer confined to crypto-native firms and fintech operators—incumbent financial institutions are increasingly participating.

Germany leads the banking expansion

Germany has been central to the acceleration. The additions include both major commercial institutions and a wave of cooperative and regional banks—suggesting the trend is spreading through established banking networks rather than remaining a large-bank niche.

Among the high-profile names is Deutsche Bank, Germany’s largest lender. It announced plans to launch digital asset custody services for institutional and corporate clients in Europe. In comments to Cointelegraph, a Deutsche Bank spokesperson said the bank expects to obtain regulatory approval for the offering under MiCA in October.

Beyond large institutions, Cointelegraph notes that Germany’s new entries also include numerous Volksbank, Raiffeisenbank, and VR Bank entities. That pattern matters because it points to a broader distribution of regulated crypto capabilities across the country’s regional cooperative banking base—potentially expanding access and competitive pressure well beyond the biggest banking groups.

Why banks can enter under MiCA’s Article 60 route

A key factor behind the speed of the bank listings is how MiCA treats credit institutions differently from standard crypto companies. While crypto firms that want to offer services typically must apply for authorization as CASPs, banks can provide certain crypto-asset services using a separate notification mechanism.

MiCA’s Article 60 allows a credit institution to provide crypto-asset services after it submits required information to its home regulator at least 40 working days before offering those services for the first time. In other words, banks can enter the market under a “notify and proceed” approach rather than running the full CASP authorization process that applies to many non-bank providers.

This procedural difference helps explain why the register’s composition can change quickly: banks have a pathway to start offering services sooner once their notification requirements are satisfied. For investors and other market users, it also means that more traditional institutions may show up on the compliance register—and potentially in real custody, trading, settlement, or other crypto-related workflows—before the market has time to fully price in their long-term scale.

At the same time, the notification route does not eliminate regulatory oversight; it changes the entry mechanics. The details of how each bank’s specific activities are scoped and how regulators review the notifications can vary in practice, so market watchers should focus not just on listings, but on what services are actually being launched and at what operational depth.

What to watch next as the register evolves

As banks keep growing their presence on ESMA’s MiCA register, the main question is whether this is a temporary surge driven by notification mechanics—or the beginning of a sustained reordering of Europe’s regulated crypto landscape. With Germany leading and large institutions like Deutsche Bank signaling custody plans, traders, institutional allocators, and crypto service users will likely want to monitor which banks move from listing to rollout, and how quickly non-bank providers adapt to the changing competitive environment.

The New York Stock Exchange has spent roughly a year testing Avalanche technology and working with Ava Labs as it develops infrastructure for tokenized securities, according to Ava Labs President Charley Cooper.

Cooper said during an appearance at the Avalanche Summit in New York on Thursday that NYSE had examined both the technology and economics behind Avalanche while assessing how the network could fit into its existing systems.

NYSE’s work with Ava Labs has involved questions extending beyond blockchain performance. Cooper said the exchange wanted to determine whether the company understood its business model and the requirements involved in operating one of the world’s largest securities markets.

“They weren’t just kicking the tires on our technology,” Cooper said. “They wanted to make sure that we understood their business and their economics.”

Ava Labs and NYSE have developed what Cooper described as a “close working relationship” during the process. He did not say that Avalanche had been selected as the blockchain for NYSE’s planned tokenized securities platform.

“I leave it to the NYSE guys to talk publicly about where they are in the whole process,” Cooper said.

NYSE has been evaluating Avalanche for its onchain plans

Intercontinental Exchange Head of Strategic Initiatives Michael Blaugrund appeared alongside Cooper at the Avalanche Summit, where the executives discussed ICE’s work on blockchain infrastructure and tokenized markets.

Blaugrund said ICE, which owns NYSE, has remained “very engaged” with the Avalanche team while evaluating potential blockchain networks.

“Avalanche checks a lot of those boxes for us,” he said.

NYSE has not publicly identified the blockchain or blockchains that will ultimately support its planned digital securities venue. Its proposed architecture is being designed to work with multiple blockchain networks for settlement and custody.

The exchange has been developing the project throughout 2026. In August, NYSE President Lynn Martin said the company was continuing to build onchain settlement infrastructure after the exchange first disclosed its digital trading platform plans in January.

The proposed venue combines NYSE’s Pillar matching engine with blockchain based post trade infrastructure. Subject to regulatory approvals, it is expected to support tokenized versions of existing securities alongside assets issued natively onchain.

Planned features include continuous trading, immediate settlement, fractional shares, dollar denominated orders and stablecoin based funding. Tokenized shareholders would retain conventional rights attached to the underlying securities, including dividends and governance rights.

NYSE’s plans do not mean its existing stock market will be moved entirely onto a blockchain. The company has described a separate digital venue that would operate through qualified broker dealers while connecting blockchain settlement with regulated U.S. market infrastructure.

ICE is building out its tokenized securities infrastructure

ICE has continued bringing outside infrastructure companies into the project while NYSE develops the trading and settlement system.

At the end of August, ICE agreed to invest in tZERO and license its blockchain patents as part of an arrangement covering infrastructure for the planned NYSE affiliated platform. Crypto.news previously reported that ICE tapped tZERO as a design partner for digital transfer agent and broker dealer systems.

Under the agreement, tZERO is expected to help develop infrastructure supporting the issuance, trading and onchain settlement of public securities. The companies did not disclose the size of ICE’s investment or provide a launch date for the platform.

The arrangement does not make tZERO the project’s exclusive infrastructure provider. NYSE had already signed a separate memorandum with Securitize in March, naming the company as its first digital transfer agent eligible to mint blockchain native securities for participating issuers.

ICE has left the underlying blockchain question open as those partnerships progress. The platform’s post trade architecture is intended to support several networks, leaving room for different blockchain systems to handle settlement and custody.

Avalanche has meanwhile been expanding its presence in regulated tokenization projects. In July, Japanese tokenization platform Progmat migrated its security tokens from Corda 5 to a dedicated Avalanche Layer 1.

Progmat said the migration covered every active security token project it managed, representing more than ¥452 billion in underlying assets and issued securities. The move gave the assets Ethereum Virtual Machine compatibility while allowing the platform to retain its existing issuance, ownership and transfer processes.

Institutional tokenization activity on Avalanche has continued outside Japan. Hanwha Investment & Securities reportedly completed a tokenized securities platform supporting Avalanche and Hyperledger Besu as South Korea prepares to bring blockchain based securities into its regulated capital markets framework in February 2027.

SEC exemption opens another route for tokenized stock trading

Regulatory conditions around tokenized equities changed this week after the U.S. Securities and Exchange Commission granted eligible venues conditional relief to trade tokenized U.S. stocks through permissioned automated market makers and liquidity pools.

The five year exemption applies to qualifying tokenized National Market System stocks under a set of conditions covering shareholder rights, smart contracts, trading limits and coordinated market halts.

Cooper pointed to the regulatory action while discussing how quickly onchain stock trading could develop. He expects some trading venues to begin offering 24 hour weekday access within the next year, though he stopped short of predicting that major exchanges would move on the same timetable.

“Will that be the mainstream exchanges? The largest in the world? The LSEs, the NYSEs, the CMEs? I don’t know about that,” Cooper said.

Smaller venues could move more quickly as they compete for liquidity, according to Cooper.

“There are a lot of smaller venues that are making a very compelling case to the world to put liquidity on them,” he said.

The Trump Administration should push for technical exchanges on how to actually test models for dangerous capabilities and behaviors that neither country wants to see released into the wild. These include AI systems capable of helping amateurs develop bioweapons, or evading human oversight and control. American AI companies have been studying these risks for years, and they have also begun to appear in Chinese technical standards related to safety testing. Exchanging best practices and new insights about how to test for and mitigate these risks could render the systems built in both countries meaningfully safer.

These proposed technical exchanges would not depend on “trust” or even strict “reciprocity” between the two superpowers, nor would they require identical conceptions of AI risk. They would be driven by self-interest. As the most advanced AI models grow even more powerful, both countries have an interest in ensuring that these systems remain controllable, regardless of where they are built or deployed. That will require both countries to improve their model testing, monitoring and safeguards, and share promising findings that could enhance safety without surrendering a competitive edge or undermining national security.