Crypto Update October 2026: Circle and Hyperliquid Push MiCA Reform as Pepeto Nears Listing

Anyone looking for a crypto update this week should start with what is happening in Europe. Circle and Hyperliquid filed demands on October 1 to change key parts of the EU’s MiCA rules. Both firms want new terms for stablecoin reserves and crypto trading.

The two firms want Europe to rethink how it handles coin backing and trading rules. That push came on a day when the Fear and Greed index hit 72. That means traders are leaning bullish again.

When the rules shift and the mood turns green, the crypto update that matters most is where money goes next. For a growing number of wallets, the answer is Pepeto.

Why Are Circle and Hyperliquid Asking Europe to Change Its Crypto Rules?

Circle and Hyperliquid called on EU leaders on October 1 to change the MiCA rules. The Block reported that both firms want clearer terms for coin reserves and more room for trading inside Europe. The current rules limit how issuers hold their backing and make it hard to list certain products.

Parameter.io confirmed that the timing lines up with a wider review the EU plans for early 2027. If the changes go through, more trading products and more stablecoin flows could move into EU markets. For anyone watching this crypto update, the message is clear: the rules are opening up, and fresh capital is looking for a place to land.