White House crypto adviser exits, Thailand’s Bitcoin ETF rules take effect, and markets watch the Fed

The past 24 hours brought a dense mix of crypto policy, market, security and institutional developments. In Washington, Patrick Witt ended his term as the White House’s top crypto adviser, adding to turnover around digital-asset policy as Senate work on the Clarity Act remains stuck over disagreements on stablecoin rewards and conflict-of-interest concerns tied to President Donald Trump’s crypto holdings. In Asia, Thailand’s securities regulator finalized Bitcoin ETF rules effective Oct. 16, requiring funds to maintain an average net exposure of at least 80% of NAV over each accounting year, while Korea’s Financial Services Commission said it plans tighter cybersecurity requirements after finding security deficiencies at 130 of 555 financial firms reviewed. Macro data also stayed in focus. U.S. September CPI came in above expectations, lifting market pricing for a 25-basis-point Fed hike in October to about 40% from roughly 20% a day earlier, while analysts said hikes in October or November ahead of the U.S. midterm elections have historically been uncommon. Later, September PPI data showed a 1.3% monthly and 6.3% yearly increase, reinforcing inflation concerns. Elsewhere, Coinbase joined a London-led international operation targeting West African scam networks, Firelight launched a $30.5 million onchain protection layer for a Kraken DeFi Earn USDC vault, Bitwise said it is working with more than 20 wealth platforms on crypto ETP approvals, and multiple firms disclosed new fundraising, tokenization, market structure and security updates.