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Russia Bans Direct Peer-to-Peer Crypto Trades Starting July 2027

Summary: Russia will ban direct peer-to-peer crypto trades after July 1, 2027, forcing users through authorized intermediaries. The Bank of Russia also prohibits transfers to self-custodial wallets, aiming to tighten oversight as it expands regulated services via banks like Sberbank.

SONIA Group Prioritizes 09:00 Publication Time Amid Extended CHAPS Hours Review

Summary: SONIA Stakeholder Advisory Group reviews extended CHAPS settlement hours and data collection powers. Members prioritize keeping the 09:00 benchmark publication time despite proposed 24/7 operations. Market remains stable with £55bn daily volumes, while funds increase overnight allocations amid geopolitical tensions.

White House Crypto Council Chief Patrick Witt Resigns, Leaving Staff Vacancy

Summary: Patrick Witt, executive director of the White House Crypto Council, resigned to join the private sector, leaving the council without any remaining staff. His departure follows the exits of David Sacks and Harry Jung, occurring after the Digital Asset Market Clarity Act failed to advance in the Senate.

Solana Activates Alpenglow Oct 21, Cutting Finality to 150ms

Summary: Solana activates Alpenglow on Oct 21, cutting finality to 150ms. Validators will now vote off-chain, causing reported TPS to drop despite unchanged user activity. The update improves fault tolerance but marks only phase one of a two-part upgrade.