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USDe drops to $0.65 on Binance before recovering to peg
Ethena's USDe dropped to $0.65 on Binance on Saturday, October 11, before recovering toward its ~$1 peg. The token, which ranks as the third-largest stablecoin with over $13 billion in circulation, experienced the sharp decline during what became the largest 24-hour liquidation event in crypto markets. 
SEC staff clears path for DePIN in DoubleZero no-action
In a rare no‑action letter, the SEC’s Division of Corporation Finance said it will not recommend enforcement action against DoubleZero for distributing its 2Z token to network participants, provided the program runs as described. Commissioner Hester Peirce welcomed the move, saying DePIN tokens differ “fundamentally” from the capital‑raising deals Congress asked the SEC to police. 
Tom Lee (BitMine): Ethereum is Wall Street’s blockchain of choice
At Korea Blockchain Week’s Impact conference, BitMine chairman Tom Lee called Ethereum a “truly neutral chain” that Wall Street will favor, adding that the White House and Congress are leaning toward it under the current administration. He linked that stance to a coming token economy for agentic AI and robots – and to BitMine’s pivot into an ETH treasury. 