Crypto News Today: Bitcoin Near $78.5K, SEC Deadline
Bitcoin nears $78,500 as the SEC sets an October token-rule deadline, EU privacy-coin restrictions loom and Circle expands stablecoin payments.
Coinccino 
Crypto News Today: Bitcoin Nears $78,500 as SEC Sets Token
Deadline
Bitcoin is trading near $78,500 as oil prices and a stronger Japanese yen add pressure to risk assets. Meanwhile, the crypto market is facing several important regulatory and institutional developments, including a new SEC deadline for token rules, an EU privacy-coin restriction, Circle’s $400 million Tazapay acquisition and continued Ethereum purchases by Bitmine.
Key Crypto News Today
1. SEC Sets October Deadline for New Token Rules
The U.S. Securities and Exchange Commission has set October 20, 2026, as the deadline for public comments on proposed rules covering token offerings.
The proposal includes two potential fundraising frameworks:
- Up to $5 million within four years under a lighter reporting framework.
- Up to $75 million annually under stricter disclosure requirements.
- Existing anti-fraud and anti-manipulation rules would continue to apply.
The proposal could become an important regulatory framework for U.S. crypto startups and token issuers.
2. EU Plans Privacy-Coin Restrictions From 2027
European Union rules are set to restrict anonymity-enhancing cryptocurrencies such as Zcash and Monero on regulated platforms from July 1, 2027.
The development comes as Zcash has posted a dramatic rally. CryptoFocus cites Glassnode data showing Zcash up roughly 2,496% this year, with its market capitalization above $19 billion.
The regulatory change could push some privacy-coin activity toward self-custody or platforms outside the EU, although that would come with additional regulatory and security considerations.
3. Block Seeks U.S. Bank Charter for Crypto Custody
Jack Dorsey’s Block has applied to the U.S. Office of the Comptroller of the Currency for a national bank charter for Builders Bank and Trust.
The proposed bank would focus on:
- Crypto custody
- Order execution
- Transfers
- Stablecoin settlement
The application has not yet been approved. Block says its existing operations processed about $10.7 billion in Bitcoin transactions during fiscal 2025 across more than 50 state licenses.
4. Circle Buys Tazapay for $400 Million
Circle is expanding its global payments infrastructure through an agreement to acquire Singapore-based Tazapay for approximately $400 million in Circle shares.
Tazapay reportedly processes more than $25 billion in annual payments across over 100 countries, with around 60% of its payment activity already using stablecoins.
The transaction is expected to close in 2027, subject to regulatory approval in Singapore.
5. Bitmine Continues Buying Ethereum
Bitmine added another $69.5 million worth of ETH despite reporting a large paper loss from its Ethereum holdings.
The company now holds approximately 5.93 million ETH, equivalent to about 4.9% of Ethereum's total supply, according to the report.
The strategy highlights how some publicly traded companies continue building large crypto treasury positions despite short-term volatility.
Bitcoin Price Outlook
Bitcoin is hovering around $78,500, with the market balancing macroeconomic pressure against continued institutional crypto adoption. CryptoFocus identifies higher oil prices and a stronger yen as current factors weighing on Bitcoin.
The Federal Reserve remains a major market driver. According to the source, the market is pricing a greater-than-60% probability of a rate hike, making upcoming Fed communication particularly important for crypto investors.
Key Dates to Watch
| Date | Event |
|---|---|
| Sept. 9, 2026 | Solana Transaction v1 goes live |
| Sept. 16, 2026 | Federal Reserve meeting |
| Oct. 20, 2026 | SEC token-rule comment deadline |
| July 1, 2027 | EU privacy-coin restrictions take effect |
Solana's Transaction v1 upgrade increases maximum transaction size from 1,232 to 4,096 bytes, giving developers more room for complex transactions such as larger multisigs and cryptographic proofs.
What Investors Should Watch
The main themes for the crypto market today are regulation, monetary policy and institutional adoption.
Investors should particularly watch:
- Bitcoin's ability to hold the $78,000–$80,000 area
- Federal Reserve rate expectations
- The SEC's proposed token framework
- EU restrictions on privacy-focused cryptocurrencies
- Circle's expansion into global stablecoin payments
- Continued corporate accumulation of Ethereum
FAQ
Why is Bitcoin under pressure?
Bitcoin is trading near $78,500 as higher oil prices, a stronger yen and changing Federal Reserve rate expectations weigh on risk assets.
What is the SEC's October 20 deadline?
It is the deadline for public comments on the SEC's proposed framework for token offerings.
Will the EU ban Zcash and Monero?
The reported rules would prevent regulated platforms in the EU from supporting anonymity-enhancing tokens such as Zcash and Monero from July 1, 2027.
Why is Circle buying Tazapay?
The acquisition would expand Circle's global payment infrastructure and strengthen its stablecoin-based cross-border settlement capabilities.
Final Take
The September 9 crypto market is being shaped by regulation as much as price action. Bitcoin remains near $78,500, while policymakers in the U.S. and Europe are setting rules that could significantly influence how tokens, privacy coins and stablecoins operate.
At the same time, Circle and Block are expanding deeper into regulated financial infrastructure, while Bitmine continues its aggressive Ethereum accumulation. The combination suggests that despite short-term market pressure, institutional and regulatory developments remain central to crypto's next phase.
