● The week in review
Weekly Recap — 29 Sep–5 Oct 2026
This was a week where structural plumbing advanced quietly while louder events — a stalled bill, a record hack, macro turbulence — drew most of the attention. The CLARITY Act's failure defined the political mood, but the more durable story was institutional infrastructure deepening in several directions at once: Goldman connecting a flagship fund to crypto rails, Coinbase completing vertical integration, Lloyds and Visa settling in USDC. The Bitget hack, attributed to North Korea with over a billion dollars stolen in 2026 so far, was the sharpest reminder that the same week's progress in custody and settlement is not yet matched by security across the ecosystem.
- Chainalysis traces $387M Bitget theft to North Korea using AI-assisted on-chain analysis.North Korea's confirmed authorship raises systemic custody risk for every institutional counterparty.2 Oct
- Goldman Sachs connects its $100 billion Treasury fund to crypto settlement rails.Goldman linking a $100B Treasury fund to crypto rails is durable back-office adoption, not speculation.29 Sep
- CLARITY Act fails cloture, both SEC and CFTC respond with staff guidance.CLARITY Act failure leaves the US without statutory market structure, forcing regulators to act administratively.29 Sep
- Coinbase completes its full derivatives stack with CFTC DCO approval.Coinbase controlling exchange, clearing, and custody in one entity reshapes competitive dynamics for derivatives.29 Sep
- Lloyds and Visa settle $750K cross-border payment in USDC during live pilot.Two systemically important banks settling cross-border in USDC validates stablecoin as live payment rail.2 Oct
- SEC approves 3x leveraged Bitcoin and Ether ETPs.SEC approving 3x leveraged Bitcoin and Ether ETPs marks a significant shift in its product tolerance.3 Oct
- Uniswap logs $17.1 billion in tokenised stock DEX volume.Uniswap's $17B tokenised equity volume signals a new asset class taking real structural hold onchain.3 Oct
- Community banking lobby sues the OCC over its crypto trust charter programme.A legal challenge to OCC crypto trust charters could close one of the cleanest federal licensing pathways.3 Oct