1) 
SEC excludes DePIN tokens from oversight
What’s new: In a formal letter to the DoubleZero project, the SEC declared that DePIN tokens (decentralized physical infrastructure networks) are not securities, and thus fall outside its regulatory purview.
Why it matters: That’s a big carve‑out. DePIN tokens (e.g. networks for charging stations, mesh networks, etc.) may now operate with less regulatory drag. But this also draws attention: if adoption rises, regulators might revisit scope or definitions.
2) 
Crypto markets rally on shutdown fears
What’s new: As a U.S. government shutdown looms, Bitcoin jumped ~3.6% to above $114,000, while Ethereum gained ~3.5%. Crypto stocks, especially mining names, surged.
Why it matters: Political stress and macro uncertainty can push capital into “alternative” bets like crypto. This rally is part of a broader narrative: when legacy systems look shaky, crypto is seen as a hedge (rightly or wrongly).
3) 
Whales scoop $3B ETH & BTC — accumulation heat turns on
What’s new: Whales and institutions bought over $3.3B BTC and $1.73B ETH in recent weeks via OTC / private routes. Volume outflows from exchanges / smart accumulation signal longer‑term confidence.
Why it matters: When big players accumulate off exchanges, float dries up — supply tightens, and price sensitivity to demand increases. This dynamic often precedes big moves.
4) 
QMMM stock trading halted by SEC after crypto pivot
What’s new: The SEC froze trading in QMMM Holdings, a digital advertising company whose shares surged after announcing intent to allocate part of its treasury to Bitcoin, Ethereum, and Solana.
Why it matters: Public companies entering crypto must tread carefully. Regulatory scrutiny is intense, especially if markets see suspicious stock moves prior to crypto announcements. Insider rules, disclosure timing, and fairness will become more critical.