Oct. 8 — Moody's has assigned decentralized finance platform Sky Protocol a B3 rating with a stable outlook, placing it in speculative-grade territory, according to The Defiant. Moody's cited Sky's relatively weak capital buffer, noting equity capital of about $90 million versus roughly $10 billion in assets under management.

Oct. 8, 2026 (UTC+8) — Publicly traded companies globally moved further into crypto treasury building and business-model overhauls, according to BBX CryptoRelated Stock News. Nasdaq-listed Genius Group said it has resumed its Bitcoin treasury program after legal restrictions were lifted, purchasing 10 BTC on the open market. Separately, mining firm BitMine added 12,500 ETH in a deal valued at about $33.65 million. In a more sweeping shift, NYSE-listed Universal Safety Products (UUU) announced plans to rename itself DeFi Capital Markets, exit its legacy operating business, and focus on real-world asset tokenization (RWA) and blockchain-based financial services. Genius Group: injunction lifted, BTC purchases resume Genius Group disclosed it bought 10 Bitcoin this week at an average price of $85,364 per BTC. The company had paused purchases under a preliminary injunction. It said the U.S. Second Circuit Court of Appeals lifted the injunction on Aug. 31, clearing the way for the program to restart. While the latest buy is modest in size, it signals the restoration of the company's ability to expand its crypto treasury. BitMine: adds 12,500 ETH via BitGo BitMine, the publicly traded mining company associated with Tom Lee, reported another increase in its Ethereum position, acquiring 12,500 ETH on Wednesday through institutional custodian BitGo. Based on prevailing prices at the time, the purchase was valued at approximately $33.65 million. The company has continued frequent secondary-market accumulation supported by its capital base. UUU: exits legacy business, pivots fully to DeFi and RWA Universal Safety Products (NYSE: UUU) laid out what it described as a comprehensive pivot into crypto-native finance. The company said it will change its name to DeFi Capital Markets on Oct. 19 and update its ticker symbol to DCM. It also plans to wind down and fully divest its traditional physical products operations. Going forward, UUU said its strategy will center on RWA tokenization, digital asset operations, market making, quantitative trading, and building blockchain financial market infrastructure. Market context Recent disclosures suggest corporate crypto strategies are moving beyond short-term positioning toward longer-horizon balance-sheet allocations and infrastructure exposure. Continued buying by Genius Group and BitMine reinforces institutional holdings in Bitcoin and Ethereum, while UUU's transition to DCM highlights the pace at which traditional public-company capital is repositioning toward crypto financial rails. Source: Cryptocurrency-related stock news database, compiled from global public company announcements and SEC/TSE disclosure filings from the prior day.

Grayscale is signaling that the next chapter of crypto ETFs may be driven less by listing approval and more by the ability to win investor capital. Speaking at Token2049 Singapore, Krista Lynch, Grayscale's Head of Trading and Capital Markets, said the firm's spot Zcash ETF (ticker: ZCSH) drew more than $1 billion in assets in its first 30 trading days. She noted that the debut puts ZCSH in the top 1% of newly launched ETFs over the past decade when ranked by first-month assets. Lynch said the U.S. Securities and Exchange Commission's general listing standards now provide a framework covering roughly 15 tokens. That broader coverage gives issuers more discretion to choose which crypto assets can credibly support investment products, as attention expands beyond Bitcoin and Ethereum and product selection becomes more selective. Grayscale previously indicated in January that it was evaluating 27 potential assets across segments such as AI, DeFi, consumer, and infrastructure. Lynch's comments suggest the market is moving toward a "select coins" approach, with flows concentrating in a smaller set of assets that have clear narratives and demand. Lynch also said her trading team's role has expanded beyond executing token purchases and sales tied to ETF creations and redemptions, increasingly encompassing business development and investor education. Even at Token2049, she said, many conversations still start with the basics of explaining Bitcoin and Ethereum. On the regulatory front, Lynch said Grayscale is also looking beyond conventional fund wrappers. After the Clarity Act failed to pass, the firm pivoted to fund tokenization via the SEC's innovation exemption. Last week, Grayscale filed to tokenize two products structured under the Investment Company Act of 1940: a Bitcoin covered call fund and an Ethereum covered call fund. Lynch described the exemption as a "consolation prize" following the legislative setback, and argued it still offers a workable compliance path for advancing tokenization. Separately, she noted that last month Grayscale and several crypto companies urged the SEC to speed up the ETF review process and permit confidential submission of registration draft filings.

Lookonchain reported that HyperLabs unstaked 3.75 million HYPE tokens, valued at about $331.4 million, around nine hours ago. The tokens are intended for distribution to team members, with sales to be conducted via over-the-counter (OTC) transactions. On-chain data indicates that 1.25 million HYPE (about $110.57 million) has been restaked. Another 1.875 million HYPE is held in wallet 0x8757, while 625,000 HYPE (about $55.37 million) is held in wallet 0x3277.

Grayscale is seeing early momentum in the next wave of crypto exchange-traded funds. Speaking at Token2049 in Singapore, Krista Lynch, the firm's Head of Trading and Capital Markets, said the Grayscale Zcash ETF (ticker: ZCSH) pulled in more than $1 billion in assets during its first 30 trading days. That performance places it in the top 1% of ETFs launched over the past decade when measured by first-month asset gathering. Lynch said the U.S. Securities and Exchange Commission's (SEC) general listing standards now extend to roughly 15 tokens, giving issuers more room to decide which products to bring to market. In her view, the competitive question for altcoin ETFs is shifting from whether a product can get listed to which funds can actually attract capital, with flows likely to concentrate in a small set of assets supported by stronger narratives and clearer demand. Grayscale has been signaling a broader product pipeline. The firm said in January it was evaluating 27 potential assets across areas including AI, DeFi, consumer, and infrastructure. Lynch added that her trading desk, which executes token purchases and sales tied to creations and redemptions across Grayscale's ETF lineup, is increasingly involved in business development and investor education. She noted that even at a crypto-focused event like Token2049, many discussions still start with fundamentals such as what Bitcoin and Ethereum are. Beyond conventional ETF structures, Grayscale is also pursuing tokenization through the SEC's innovation exemption. After the Clarity Act failed to advance, the company last week filed to tokenize two '1940 Act' products: a Bitcoin covered call fund and an Ethereum covered call fund. Lynch described the exemption as a "consolation prize" in the wake of legislative disappointment, and said it still offers a viable compliance pathway for industry progress. Last month, Grayscale and several other crypto firms urged the SEC to speed up its ETF review process and allow confidential submissions of registration drafts.

PANews, Oct. 8 — Data from SoSoValue show that ZEC spot ETFs posted a combined net outflow of $8.4879 million on Oct. 7 (U.S. Eastern Time). The day's outflows were entirely driven by the Zcash ETF (ZCSH), which recorded a net outflow of $8.4879 million. Despite the pullback, ZCSH's cumulative net inflows stand at $201 million. As of press time, ZEC spot ETFs held total net assets of $767 million. ZEC represents 3.41% of net assets across the products, while cumulative net inflows for ZEC spot ETFs remain at $201 million.

Samsung Wallet and Samsung Pay will add support for USDC transfers on Solana to facilitate cross-border remittances, according to the Solana Foundation. The rollout is set to begin in the last week of October for users on U.S. Galaxy devices. The capability will be integrated directly into Samsung Wallet and will include fiat on- and off-ramps, instead of requiring a separate crypto app. Expansion to additional markets is planned, subject to local regulations.

According to Huo Xing Cai Jing, TradingBeats data on Oct. 8 shows that Multicoin transferred another 67,500 HYPE to Coinbase Prime about four hours earlier. Over the past four weeks, Multicoin has sent more than 760,000 HYPE—worth about $62.99 million—to Coinbase Prime.

Samsung is partnering with Solana to add stablecoin-based payments to Samsung Wallet, in a move seen as a step toward broader consumer crypto adoption. According to the announcement, the rollout will cover 82 million Galaxy devices in the US. Starting in the last week of October, Samsung Wallet users in the US will be able to send cross-border transfers using USDC on Solana. The update positions Solana's network as the rail for these stablecoin transfers, highlighting the appeal of instant settlement and global reach for everyday users. Link: