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State watchdog Galvin challenges U.S. federal crypto framework
Massachusetts Secretary of the Commonwealth William Galvin has raised concerns over efforts in Congress to establish a unified federal framework for cryptocurrency oversight, arguing that such legislation could undermine the protections currently enforced by state regulators. 
Gold‑backed crypto tokens top $3B as metal hits record
On‑chain gold notched a milestone alongside the metal’s surge. The combined value of tokenized gold assets rose to about $3.04 billion, per CoinGecko, after spot bullion set a new all‑time high above $4,000 before easing. Trading picked up as well, with roughly $640 million changing hands in the past day across leading tokens. 
Wall Street tests SEC with bids for 3x Tesla and Bitcoin ETFs
A trio of issuers – Defiance ETFs, Themes and Direxion – have lodged filings for exchange‑traded funds (ETFs) designed to deliver three times the daily return of popular trades, including single stocks such as Tesla and crypto exposures like Bitcoin. If approved, they would mark a rare step‑up in risk for U.S. ETFs and another test of regulators’ tolerance for complex products. 
Kazakhstan Blockchain Chief slams Binance.com after 130 closures
Following the news that 130 illegal crypto platforms were shut down in Kazakhstan, Dauren Karashev, head of the National Blockchain Association, pointed out a paradox in an exclusive comment to GNcrypto: the largest exchange, Binance.com, is unlicensed and operates in Kazakhstan through its licensed affiliate. However, clients interact directly with the global platform. Texas residents push back against crypto mining operations
In November, residents of the Mitchell Bend area will vote to incorporate a city, seeking the authority to set local noise rules for Marathon’s crypto facility. As mining grows in Texas, small communities look for legal tools to manage the everyday impact of industrial data farms. 
Pantera Capital: it’s not too late to get into crypto
Bitcoin’s push to fresh highs has many newcomers wondering if they missed the boat. Pantera Capital’s Cosmo Jiang says they haven’t. In a CNBC Fast Money interview, he pointed to survey data showing a majority of investors still hold no digital assets – a sign that adoption is early, not late. 