Hassett's $1-5 million Coinbase stake raises conflict-of-interest questions

Gracy Chen, Managing Director of Bitget, a leading global cryptocurrency exchange and Web3 company, disclosed that Bitcoin's current price is being supported by US non-farm payroll figures that came in below expectations, leading the market to assess that the Federal Reserve's monetary policy committee will cut interest rates at its October meeting. Meanwhile, spot Bitcoin ETFs saw net inflows of 2.65 billion US dollars in September, the second-highest monthly record since October 2025, pushing the Crypto Fear & Greed Index up to 69, into greed territory. Trading statistics from Bitcoin's past 13 years indicate that October has a more than 77% chance of delivering positive returns, with an average return of 18.64%, and gains often continue into November. Short-term resistance is estimated at 87,300 US dollars, with support at 82,500 US dollars. However, the market still faces risk from the US midterm elections in November, as historical statistics show stocks and Bitcoin often rise ahead of elections and fall sharply afterwards. On platform confidence, Bitget recently replenished its user protection fund back above 300 million US dollars within one week, following a cybersecurity incident on September 24. The company used the fund as a first step to compensate for financial impact worth about 388 million US dollars, allowing customers to withdraw funds normally. Its latest reserve transparency report as of September 29, 2026 shows a total reserve ratio of 131%, confirming that the platform's reserve assets remain above the 1:1 standard against all user assets.

The SEC has filed charges against Assure Technology Co., Ltd. and five related individuals with the Economic Crime Suppression Division, alleging they operated the digital asset trading platform Vcex.io without a licence. The SEC has also notified the Ministry of Digital Economy and Society to block access to the platform starting 7 November 2026. The SEC's investigation found that between 24 December 2021 and 2 September 2022, Assure Technology Co., Ltd., Siwanat Yamdee and Pimchaya Wattanakulyothin jointly provided the Vcex.io platform, on which users could match buy and sell orders or exchange digital assets. The platform charged fees as a normal course of business, offered services in Thai, and promoted itself through activities in Thailand and online channels, amounting to a violation of Section 26 of the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018). At the time of the alleged offences, Yutthana Srisuriyaporn, Siwanat Yamdee and Keerati Prasanthai held positions as authorised signatory directors and were responsible for the company's operations, and are therefore liable alongside the company under Section 94 of the same decree. The five accused are Assure Technology Co., Ltd., Yutthana, Siwanat, Keerati and Pimchaya. The case will now proceed through the investigation stage by inquiry officers, the prosecutor's decision on whether to indict, and the court's consideration, in that order. The SEC also warned the public to be cautious about using services from unlicensed digital asset businesses, as they are not protected by law and carry risks of fraud as well as money laundering.