Ethlabs’ roadmap aims to help Ethereum withstand quantum attacks and give users a way to protect their accounts by 2027.

Ethereum research group Ethlabs said Wednesday it will withdraw its proposal to speed up the network’s block production from the planned Hegotá upgrade, urging core developers to prepare the network for quantum attacks by 2027.

On Wednesday, the group outlined “pqai27,” a proposed roadmap that aims to protect Ethereum against threats from quantum computing and increasingly capable artificial intelligence. It said unrelated upgrades should be reconsidered.

Ethlabs previously backed Ethereum Improvement Proposal (EIP)-8198, known as Quick Slots, which would initially cut Ethereum’s slot time from 12 seconds to 10 seconds. The group said it would redirect resources to pqai27 but will still pursue faster slots in 2028.&

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US spot Bitcoin ETF outflows rose to nearly $300 million on Wednesday, up from $95 million a day earlier, as five-session withdrawals reached $1.44 billion.

BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), recorded more than $2 billion in net outflows over nine consecutive trading sessions through Wednesday.

Investors pulled a net $269.7 million from IBIT on Wednesday, accounting for about 90% of the day’s $300 million in net withdrawals across US spot Bitcoin ETFs, according to Farside Investors data.

Grayscale’s Bitcoin Trust ETF (GBTC) recorded $39.1 million in net withdrawals, while the Morgan Stanley Bitcoin Trust ETF (MSBT) drew $9 million in net inflows.

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The move follows recent security incidents involving South Korean crypto exchanges, including GOPAX’s precautionary suspension of services and a $70,000 hot-wallet breach at Prabang.

South Korea’s Financial Services Commission (FSC) plans to allow crypto exchanges to suspend deposits and withdrawals when hacking is suspected, rather than waiting until a breach is confirmed, amid a push for stronger industry security.

On Thursday, the FSC said it would issue a no-action letter permitting preventive suspensions under certain conditions. Current rules prohibit exchanges from blocking withdrawals without legitimate grounds and explicitly allow restrictions only when a hacking incident is clearly established.

The regulator also called for round-the-clock monitoring and incident response, higher cold-wallet holdings, and stronger insurance coverage and reserves. The FSC said exchanges unable to monitor continuously would process deposits and withdrawals only during staffed hours and notify users in advance.

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In a July interview, Binance chief security officer Jimmy Su explained how fake coding assessments could compromise employee devices, a tactic later used in the exchange’s record-breaking hack.

Months before Binance lost $6.3 billion to a hack, its chief security officer described to Cointelegraph how a fake job interview could give attackers a foothold inside the exchange — closely resembling one of the entry methods later used against the exchange.

During a July interview about Binance’s response to rising security threats, Jimmy Su told Cointelegraph that fake job interviews were “something we worry about a lot internally,” explaining how attackers could tailor a job opportunity to an employee before persuading them to run code as part of a technical assessment.&

“And once that gets executed, the device is compromised and then they can start harvesting credentials,” Su said, adding that attackers could then use that to penetrate further into the network.

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Strategy, Metaplanet and Upexi are marked for deletion in MSCI’s final list, with changes taking effect after the Nov. 30 close.

Index provider MSCI has confirmed Bitcoin treasury company Strategy will be removed from its global equity indexes, following months of debate over whether crypto treasury firms qualify as operating businesses.

MSCI’s final list of affected securities, released as part of its November index review, lists “STRATEGY A” with the action “Deleted.” Japan’s Metaplanet and crypto treasury company Upexi are also marked for deletion, while Ether treasury firm Sharplink is on a watchlist.

Strategy shares fell 1.65% in after-hours trading on Wednesday.

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The self-custodial wallet will keep its API services running through Nov. 14. Sui’s DeFi total value locked has fallen more than 22% over the past month.

Cryptocurrency wallet Suiet is shutting down, adding to a series of closures and service withdrawals in the Sui ecosystem.

Suiet, a self-custodial wallet built for the Sui blockchain, said in a notice that it will stop updating and supporting its wallet, with API services set to end after Nov. 14. The shutdown comes as the Sui network has seen a sharp decline in decentralized finance (DeFi) activity.

Sui’s total value locked (TVL) stood at about $413 million on Wednesday, down more than 22% over the past month, according to DefiLlama data. Data from Token Terminal shows that Sui averaged about 128,000 daily active users in October, down from 601,000 in November 2025 – or around a 79% drop.

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The report about Huang’s possible departure came after the New York Times reported that he had a second extramarital affair.

Nvidia’s board is preparing to oust founder and CEO Jensen Huang after he had two extramarital affairs, including one with a suspected Chinese spy, The Wall Street Journal reported.

Directors could meet as soon as Wednesday to determine Huang’s future, the report said, citing people familiar with the matter.

His potential removal would mark a major leadership change for the chipmaker, which has become central to the artificial intelligence boom under Huang.

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The remaining races feature pro-crypto candidates and others without a stated position, giving advocacy groups what they see as “an opportunity” for outreach.

Just over a week after a “blue wave” handed Democrats control of the US House and Senate, 14 races have yet to be called. The results so far have added crypto supporters in both chambers and the remaining races could bring more into Congress.

Three candidates in the uncalled races received backing from crypto political action committees (PACs). According to Stand With Crypto, every candidate in those races is either strongly pro-crypto or has no stated position.

As crypto advocacy groups look ahead to 2028, they’re turning their attention to candidates who have yet to take a public stance on crypto.

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The potential sale of Laser Digital follows a fourth straight quarterly loss for Nomura’s European operations.

Japanese financial services giant Nomura Holdings is reportedly weighing a sale of its cryptocurrency subsidiary Laser Digital as Nomura’s European operations continue to post losses.

Nomura has held talks with potential buyers, including Marex Group, Bloomberg reported Wednesday. The company has yet to make a final decision and could keep the business, according to the report.

Nomura’s European businesses posted a pretax loss of 7.4 billion yen ($46.5 million) in the quarter ended Sept. 30, 2026, their fourth consecutive quarterly loss. The company posted pretax profits in every other reporting region over the same period. Nomura did not disclose whether Laser Digital, which is headquartered in Switzerland, contributed to the European result.

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As US voters push back against new data centers, Bitcoin miners already expanding into AI could benefit from their existing facilities.

Bitcoin miners with power already secured could have an edge in the race to build AI data centers after voters in several US communities backed limits on new development. The midterms could also bring closer scrutiny from Congress over who pays for the grid upgrades those facilities need, industry experts told Cointelegraph.

Voters in several states weighed in on data center development during the Nov. 3 US midterms, when local measures appeared on the same ballots as congressional races. Amid concerns about rising electricity costs, water use and the impact on nearby communities, voters favored limiting development in 40 of the 41 local contests tracked by Ballotpedia.

The restrictions include citywide bans, limits on larger facilities, temporary pauses on new projects and voter approval requirements for some developments.

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The Nov. 23 debut puts a new SEC exemption to the test as Nasdaq pursues its own tokenized stock plans after warning that trading across platforms could fragment liquidity.

Crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE) are set to launch tokenized stock trading on Nov. 23, despite objections from 67 companies& to having their shares listed and warnings from Nasdaq that trading across disconnected platforms could fragment liquidity.

The venture, known as OKXICE, will operate under the US Securities and Exchange Commission’s temporary Innovation Exemption and offer eligible US customers round-the-clock trading. Under the exemption, venues must give companies a chance to object before listing shares tokenized by an unaffiliated third party. JPMorgan Chase, McDonald’s, SpaceX and Coca-Cola were among the companies that objected.&

Tokenized stocks are blockchain-based tokens that represent company shares or track their price. The rights they carry depend on how they are structured. The distributed value of tokenized stocks and ETFs reached $3.88 billion on Nov. 11, up 13.4% over 30 days.&

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Bitcoin traded in a narrow range as investors bought the dip in tech stocks and US bond yields climbed on high CPI inflation data.

Bitcoin (BTC) circled $74,000 at Wednesday’s Wall Street open as stock markets rallied and US bond yields surged.

Key points:

Data from TradingView showed BTC/USD diverging from US equities as investors resumed buying the dip in tech stocks.

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Clients can store and transfer Bitcoin, Ether and select stablecoins through the bank, which manages their wallets and private keys.

Germany’s largest lender, Deutsche Bank, launched its crypto custody service for institutional and corporate clients on Wednesday, according to an announcement shared with Cointelegraph.

The bank also signed a memorandum of understanding with Deutsche Asset Management, its majority-owned asset manager, to explore collaboration on tokenized money market funds, crypto asset exchange-traded commodities and stablecoins.

Deutsche Bank announced plans to offer the service to institutional and corporate clients in Europe on Sept. 16, pending regulatory clearance. Deutsche Bank’s listing for crypto custody and transfer services in the European Union’s Markets in Crypto-Assets Regulation (MiCA) register is dated Oct. 12 and names Germany’s BaFin as its regulator.

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Ueno’s collapse exposed the fragility of digital banking in Paraguay, as customers scrambled for access to their money and stablecoins offered a lifeline.

The collapse of Paraguay’s digital lender Ueno Bank last week left nearly three million customers — roughly 60% of Paraguay’s adults — unable to access their accounts.

Paraguay’s Central Bank placed Ueno into resolution on Nov. 3 after its solvency ratio fell below half the legally required minimum. An investigation uncovered questionable lending practices and deficiencies in credit documentation and accounting.

The collapse also triggered a political crisis, with thousands taking to the streets to protest and President Santiago Peña attempting to resign before being impeached and arrested on charges of breach of trust and using his office for personal gain.

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OP_CCV embeds contract state directly into Taproot output keys and enforces valid state transitions onchain. This makes it possible to achieve stateful contracts and compact fraud proofs.

This is Part 5 in the technical article series about Bitcoin covenants by Cointelegraph Research. To read the previous article click here.&

MATT (Merkleize All The Things) is a smart contract framework for Bitcoin that enables stateful contracts and scalable fraud proofs. A stateful contract carries information forward across multiple transactions and can update this information as the contract evolves. Standard Bitcoin scripts do not provide this capability, because each transaction is evaluated independently with no memory of previous executions.

Every covenant proposal allows state-carrying UTXOs to an extent, as illustrated by scripting languages such as Sapio, which builds on OP_CTV. This works by using addresses to represent a finite state automaton, where transactions function as the state transitions. However, there is no way to elegantly implement numerical logic in this paradigm, a gap filled by MATT, and in particular its proposed implementation through OP_CCV. Because MATT allows committed data to be computed at spend time and re-embedded into the next output, each spend can derive a new state dynamically, instead of choosing from a predetermined set of states.&

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CoreWeave’s third-quarter revenue rose 168% to $3.66 billion, beating analyst estimates by 3.4%. Its revenue backlog reached $132.5 billion.

CoreWeave shares jumped 15.27% in premarket trading Wednesday after the AI cloud provider reported third-quarter revenue that beat analyst estimates.

The shares traded at $56.12 as of 12:50 pm UTC, trimming the stock’s year-to-date decline to 32%, according to Yahoo Finance.

CoreWeave reported $3.66 billion in third-quarter revenue after the market closed on Tuesday, up 168% from $1.36 billion a year earlier.

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The Financial Stability Board cited progress on crypto licensing and urged stronger enforcement and cooperation with foreign regulators.

The Financial Stability Board (FSB) urged Turkey to tighten its oversight of crypto markets and adopt dedicated rules for stablecoins.&

In a peer review published on Wednesday, the global financial watchdog said Turkish authorities had made progress by introducing registration and licensing requirements for crypto service providers.

The report was part of the FSB’s regular program of country reviews and assessed Turkey’s progress in implementing the board’s 2023 global recommendations on crypto and stablecoins. It followed a broader 2025 review that found gaps in how jurisdictions had implemented those recommendations.

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The Financial Stability Board cited progress on crypto licensing and urged stronger enforcement and cooperation with foreign regulators.

The Financial Stability Board (FSB) urged Turkey to tighten its oversight of crypto markets and adopt dedicated rules for stablecoins.&

In a peer review published on Wednesday, the global financial watchdog said Turkish authorities had made progress by introducing registration and licensing requirements for crypto service providers.

The report was part of the FSB’s regular program of country reviews and assessed Turkey’s progress in implementing the board’s 2023 global recommendations on crypto and stablecoins. It followed a broader 2025 review that found gaps in how jurisdictions had implemented those recommendations.

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Zcash fell nearly 15% amid a broader sell-off in privacy coins, a day after Grayscale pledged $1 million to ecosystem initiatives.

Zcash (ZEC) fell to a two-month low of $962.85 on Wednesday, a day after Grayscale pledged $1 million to nonprofits and projects supporting the Zcash network.

As of 12:20 pm UTC Wednesday, Zcash’s 13.5% drop led 24-hour losses among the 100 largest cryptocurrencies by market capitalization and was down 24.5% over seven days. The decline was part of a broader crypto sell-off that left Bitcoin (BTC) down 5.8% and Ether (ETH) down 11.6% over the same period, according to CoinGecko.

Crypto prices fell further Tuesday after US consumer prices rose 0.4% in October from the previous month, above economists’ 0.3% forecast.

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The expansion adds more than 200 tokenized UK and EU equities, including all 40 companies in Germany’s DAX index, as xStocks plans further expansion into Hong Kong.

Kraken parent Payward’s xStocks platform added tokenized versions of more than 200 stocks listed in the United Kingdom and European Union.&

Payward said Wednesday that eligible users can trade the new tokens on Kraken and participating xStocks Alliance platforms. The tokens remain unavailable to investors in the UK.

The expansion includes tokenized shares of all 40 companies in Germany’s benchmark DAX index, including SAP, Siemens, Allianz and Deutsche Telekom. According to a separate Wednesday announcement from Deutsche Börse, the tokens are available for trading on its affiliated 360X platform, with 24/7 trading supported on select venues.

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Bitcoin fell to an 11-week low of $72,670 after slipping below short-term holders’ average cost basis of about $75,700, according to CryptoQuant.

Bitcoin (BTC) short-term holders sent more than 47,000 BTC to exchanges on Tuesday as Bitcoin fell to an 11-week low, with the coins worth less than their purchase price.

Key points:

Data from onchain analytics platform CryptoQuant showed short-term holders sent 47,025 BTC carrying unrealized losses to exchanges in the 24 hours to midnight UTC at the start of Wednesday.

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The wallet flagged about 37,000 signing requests a week for phishing in Q3 and said better monitoring likely contributed to the increase.

Crypto wallet provider Bitget Wallet said Wednesday it was expanding AI-assisted threat detection after its weekly average of signing requests flagged for potential phishing rose 7.4-fold in the third quarter of 2026.

The wallet flagged about 37,000 such requests per week in Q3, up from 5,000 in Q2, according to Bitget Wallet chief operating officer Alvin Kan.

“The increase likely reflects both greater threat activity and improved detection capabilities, although the data does not allow us to quantify each factor’s contribution,” Kan told Cointelegraph.

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Bitmine booked $6.2 billion in unrealized losses on digital assets. It held 6.07 million ETH on Sunday, or 4.97% of Ether’s supply.

Bitmine Immersion Technologies reported a $6.3 billion net loss for the fiscal year ended Aug. 31, driven largely by falling Ether (ETH) prices.

The company recorded a $6.2 billion unrealized loss on its digital assets, according to the Form 10-K it filed Tuesday. Bitmine posted a $348.6 million net profit the previous fiscal year.

Bitmine reported $15.4 billion in total assets and $33.7 million in liabilities at fiscal year-end. It held 5.9 million Ether worth $14.6 billion. Assets also included $545 million in cash and cash equivalents, 211 Bitcoin (BTC) valued at $16.6 million, $186 million in Beast Industries shares and $77 million in Eightco Holdings shares.

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ECB Executive Board member Piero Cipollone warned EU lawmakers that delays in finalizing digital euro legislation could push back its potential 2029 rollout.

European Central Bank (ECB) Executive Board member Piero Cipollone called for European Union negotiators to reach a deal on digital euro legislation by year-end to keep a possible 2029 launch on track.

Speaking at the European Parliament’s Committee on Economic and Monetary Affairs on Tuesday, Cipollone said adoption of the regulation, part of the EU’s Single Currency Package, would give the ECB the legal certainty it needs to complete preparations.

“A delay in adoption could instead postpone the introduction of the digital euro,” Cipollone said, warning that a later launch could deepen Europe’s dependence on foreign payment providers and make it harder for European companies to compete.

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US spot Bitcoin ETFs have lost $1.6 billion in November, while stock funds attracted billions of dollars from investors buying the dip.

US spot Bitcoin exchange-traded funds (ETFs) recorded $95 million in net outflows on Tuesday as investors poured billions of dollars into stock funds during a market pullback.

Tuesday’s withdrawals brought net outflows from US spot Bitcoin (BTC) ETFs to roughly $1.6 billion since the start of November, according to SoSoValue data.

Bitcoin ETF outflows eased for a third straight session, while stock funds accounted for all 17 of the top US-listed ETFs by inflows over five trading sessions, according to Bloomberg ETF analyst Eric Balchunas.

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The SEC filed 348 actions in fiscal 2026, down from 456 a year earlier. Cases included alleged Bitcoin mining fraud and an FTX audit settlement.

The US Securities and Exchange Commission (SEC) filed 348 enforcement actions in fiscal 2026, down 23.7% from 456 a year earlier.

Its annual enforcement results included cases involving alleged crypto fraud and failures in FTX’s audits.

In its Tuesday release, the SEC said it had charged three purported crypto trading platforms and four investment clubs in an alleged scheme that defrauded investors of at least $14 million. In a separate case, the agency accused the founder of a Bitcoin mining business of misappropriating $48.5 million after raising more than $95.6 million from about 6,400 investors.

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Initia said an attacker exploited compromised cloud credentials to move $3.27 million in crypto assets, with about $2.16 million remaining frozen on its halted network.

Layer-1 blockchain network Initia confirmed Wednesday that it has suffered its second security exploit in less than three weeks, with an attacker stealing about $3.27 million in crypto assets after compromising the platform’s cloud infrastructure.&

On Wednesday, Initia said the attacker gained unauthorized access on Monday through a command injection attack involving a compromised Google Cloud Platform key. The company said the breach exposed environment variables, allowing the attacker to access Initia’s GitHub and cloud accounts and obtain additional credentials.

According to Initia, the attacker accessed Anvil, a platform hosting rollups, and validated fraudulent Inter-Blockchain Communication (IBC) withdrawals from five rollups, releasing assets held in the network’s escrow accounts.&

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The cross-chain bridge said a social engineering attack targeting domain registrar Namecheap allowed hackers to redirect users to a phishing site.

Cross-chain bridge Across Protocol said it has regained control of its website after a social engineering attack on Tuesday enabled attackers to gain control of its domain, replacing its website with a phishing site.&

In a post on Wednesday, Across said the across.to domain is back under their control with help from Namecheap founder Richard Kirkendall, and that all systems are now working normally.&

“All affected users will be made whole. We’ll share a full post-mortem in the coming days,” the team said on X.&

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The Minnesota lawmaker, who helped establish the Congressional Crypto Caucus, will stay on as Republican whip after Democrats won the midterms.

Pro-crypto US Representative Tom Emmer has been elected House Republican minority whip, securing the party’s second-highest leadership position as Democrats prepare to take control of Congress in January.

Emmer beat Texas Representative August Pfluger in a 103-76 secret ballot vote, according to Politico. He previously served as House Republican majority whip and will remain the party’s No. 2 leader, this time under incoming Minority Leader Jim Jordan.

As minority whip, Emmer will be responsible for rallying Republican votes, coordinating the party’s legislative strategy and helping maintain unity on key bills.

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The project warned that installations running older versions were vulnerable and urged operators to replace potentially exposed credentials even after upgrading.

Bitcoin Lightning wallet platform LNbits has urged users to update immediately to its latest version after reporting a wave of attacks targeting LNbits instances that resulted in stolen funds.&

The project published version 1.7.0 on Tuesday, describing it as a critical release addressing vulnerabilities and strengthening authentication, extension management and payment handling. LNbits warned that updating alone would not protect installations whose credentials had already been compromised.

“It’s been a very challenging few days, working relentlessly to get the v1.7 release out after our users and we suffered losses,” LNbits creator Ben Arc said on X.&

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The prediction markets operator says the issue involves procedural errors affecting a handful of contracts, many of which weren’t live, according to Politico.

Prediction markets operator Kalshi is being warned of imminent charges from the US Commodity Futures Trading Commission over whether the operator properly notified the agency about new products, Politico reported Tuesday.&

The Commodity Futures Trading Commission is investigating notifications involving dozens of products, the report said, citing a person with direct knowledge of the probe. The agency’s private notification to Kalshi suggests that charges could follow.&

The investigation has been underway for months, the person said.&

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Project Faro, backed by Goldman Sachs, Citigroup and BBVA, has secured $270 million in funding to launch a US dollar stablecoin in the first half of 2027.

A consortium of 21 financial institutions has committed about $270 million in funding to a stablecoin initiative known as Project Faro. The project, backed by big banks, aims to act as a stablecoin issuer and launch a US dollar stablecoin in the first half of 2027.

According to Bloomberg, the funding is intended to cover five years of operations for the new company, which plans to issue stablecoins pegged to the currencies of all G7 countries, with a euro-backed coin expected to follow the dollar launch.

The group first announced the initiative in September. While confirmed details are thin, people familiar with the matter said the company is expected to be incorporated in the US, Bloomberg reported.&

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Crypto custodians are moving into a market handling billions in daily settlements, but regulatory relief and a shift in congressional control leave questions over their long-term role.

Crypto companies are moving deeper into financial services traditionally dominated by banks, seeking a role in US derivatives settlements, where billions of dollars change hands daily.

The push comes as regulators expand the services trust companies can provide, even as traditional banking groups challenge parts of the regulatory framework governing crypto firms’ expansion into banklike activities.

A Nov. 5 decision by the Commodity Futures Trading Commission (CFTC) illustrates the shift, allowing derivatives clearinghouses to use trust companies for daily settlements with clearing members, a function previously restricted to banks under the agency’s regulations.

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The protocol is investigating a potential security incident affecting its domain, while several users have reported losing funds after interacting with the platform.

Crosschain bridging protocol Across, which allows users to transfer digital assets between Ethereum and other blockchain networks, warned users Tuesday not to access its app or connect their wallets while it investigates a potential security incident.

In a Tuesday X post, Across advised users against signing transactions or approvals until further notice, without specifying the nature of the incident or whether its website had been compromised.

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Ava Labs’ John Nahas said the collaboration with the NYSE shows institutions moving past pilots toward purpose-built onchain market infrastructure.

Traditional finance is moving past one-size-fits-all blockchains, according to John Nahas, chief business officer at Ava Labs, the company behind the Avalanche network.

Nahas told Cointelegraph that the planned NYSE-affiliated tokenized securities platform, which will use Avalanche technology for clearing and settlement, illustrates that financial institutions want more control over how their blockchains operate.

“Capital markets need reliable performance and predictable cost settlement, certainty and control over the network and its participants,” he said. “It’s really important for this chain to be purpose built for the needs of NYSE.”

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The Plume affiliate plans to offer tokenized US stocks, ETFs and bonds through self-custodial wallets, with traditional shareholder rights preserved.

Kimber Digital Securities, an affiliate of blockchain network Plume, said Tuesday it had registered as a broker-dealer with the US Securities and Exchange Commission and joined the Financial Industry Regulatory Authority.

In its announcement, the company said it plans to offer tokenized US stocks, exchange-traded funds (ETFs) and bonds that investors could hold in self-custodial wallets. The company gave no launch date.

Tokenized stocks are digital tokens that represent company shares or rights tied to those shares. Transfers of the tokens are recorded on a blockchain. The rights investors receive depend on how the tokens are structured.

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Starting next week, customers can deposit and withdraw money through Brazil’s instant payment system. Crypto transfers remain suspended.

Crypto exchange Mercado Bitcoin will resume deposits and withdrawals in Brazilian reais via Pix, the country’s instant payment system, next week, a company representative told Cointelegraph. The restart will come more than 15 days after an attack drained an estimated $49 million from wallets linked to the exchange.

Customers will only be able to withdraw funds to accounts in their own name. Mercado Bitcoin will also credit customers’ accounts with proceeds from the settlement of fixed income products. Crypto deposits and withdrawals remain suspended, with no date set for their return.

Mercado Bitcoin, one of Brazil’s largest crypto exchanges, began restoring access on Monday, a week after the attack, by allowing customers to view their accounts in read-only mode. Customers who regain access are directed to a page detailing the exchange’s security measures and regular audits since 2018, with a link to a separate account of the incident.

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US inflation came in above forecasts in October, increasing expectations of a bigger rate hike in December and raising concerns for crypto investors.

Crypto industry experts warned on Tuesday that higher-than-expected US inflation could lead to a another Federal Reserve interest rate hike, making borrowing more expensive and potentially discouraging investment in cryptocurrencies.

The US Consumer Price Index (CPI) rose 0.4% month over month in October, above economists’ forecast of 0.3%, according to the Bureau of Labor Statistics - a slower increase than September’s 0.6% rise. Core inflation, which excludes food and energy prices, rose 0.3%, above the expected 0.2%.

Currently, the Federal Reserve holds its benchmark interest rate at 3.75% to 4.00%, after raising it by a quarter-point in September and leaving it unchanged in October.

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Trading volume on Polymarket’s US exchange surged from June to October, fueled by sports betting, even as the platform faces mounting regulatory scrutiny.

Trading on Polymarket’s US exchange more than tripled between June and October, up about 266% as the company faced state and federal scrutiny.

Monthly volume rose to $14.77 billion from $4.04 billion over that period, according to data from analytics platform TickerTracker, which counts trades at the contracts’ full payout value.

Polymarket told CNBC on Tuesday that its annualized revenue had topped $1.8 billion, up from more than $1 billion in June.

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Bitcoin and US stocks initially fall after October inflation tops forecasts, with traders expecting a quarter-point Fed rate hike in December.

Bitcoin (BTC) dipped toward its 11-week lows near $73,500 at Tuesday’s Wall Street open after US inflation came above expectations.

Key points:

Data from TradingView showed BTC/USD falling to $73,518, nearly matching the low it set on Sunday, its lowest level since Aug. 21.&

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The bill is now before the Senate and would broaden the grounds for adding people and companies to Poland’s national sanctions list.

Poland’s lower house passed a bill that would broaden the country’s sanctions framework and explicitly include crypto assets among the funds authorities can freeze when imposing sanctions.

The Sejm approved the government-backed Act on Restrictive Measures on Friday by 240 votes to 202, with one abstention, and forwarded it to the Senate on Monday, according to official parliamentary records. The bill explicitly includes crypto assets, as defined under the European Union’s Markets in Crypto-Assets Regulation (MiCA), among financial funds that authorities could freeze when imposing sanctions.

Poland’s interior minister would oversee the national sanctions list, with sanctions-listing decisions taking effect the day after authorities publish a designation. Affected individuals and companies could challenge the decision in administrative court, but the bill allows enforcement before a court ruling.

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Bitcoin Opportunity Fund co-founder Mark Moss says that with banks and ETFs widening access to Bitcoin he expects a new record high in 2027.

Wall Street’s embrace of Bitcoin has created the “best buying opportunity ever,” according to investor Mark Moss.

Moss co-founded the Bitcoin Opportunity Fund, where he is an advisory partner. In 2025, UK-listed Satsuma Technology appointed him chief Bitcoin strategist.

Moss tells Cointelegraph on the latest episode of Trade Secrets that he first bought Bitcoin in 2015 at about $300, during a recovery from a $1,000 to $200 plunge.

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Binance Research says Bitcoin could find support as global monetary tightening slows, even as markets price in a December Fed rate hike.

Bitcoin could find support before major central banks start cutting rates if the spread of rate hikes continues to slow, Binance Research said Tuesday.

Eight of the 10 central banks Binance tracks had raised rates over the last six months, including Sweden’s announced increase on Nov. 4, with the momentum of tightening starting to ease since its July peak, Binance Research said in a Tuesday report shared with Cointelegraph.

“Whether this easing continues into early 2027 will be key to judging whether the macro backdrop is turning less hostile for crypto,” the report said.

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Coinbase, Kalshi and four other companies backed the CFTC in a lawsuit over whether US exchanges can list perpetual futures tied to individual stocks.

Coinbase, Kalshi and four other companies asked a federal court Monday to accept a brief backing the United States Commodity Futures Trading Commission (CFTC) in a lawsuit over perpetual futures tied to individual US stocks.

According to a proposed amicus brief shared Monday by Coinbase legal representative Molly Abraham, the group also includes Kraken parent Payward, trading companies DRW Holdings and Jump Trading, and crypto investment company Paradigm Operations. The companies argue that stock perpetual futures fall under existing US futures laws.

The filing comes days after a federal judge found that the CFTC likely “exceeded its statutory authority” in allowing single-stock perpetuals to trade as security futures.

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The exchange urged iPhone users to remove apps installed from untrusted sources, and it is unclear whether Apple’s latest iOS updates fix the flaw.

Update (Nov. 10, 2026, 12:14 pm UTC): This article has been updated to include a response from a Binance spokesperson.

Cryptocurrency exchange Binance warned Tuesday that an iOS flaw could expose crypto wallet recovery phrases and private keys if a user runs a malicious app on an affected iPhone.

Binance listed iOS 26.7.1, 27.0.1 and 27.2 among the affected versions that could allow malicious apps to read local files from other apps, putting seed phrases, private keys and login credentials “at risk across the entire ecosystem.” Binance added that this was “an iOS-level issue, not unique to Binance.”

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Kayleen Fulton alleges she was fired less than two weeks after disclosing a cancer diagnosis and helping organize a staff letter challenging a requirement to endorse the foundation’s new mandate.

A former Ethereum Foundation employee has sued the organization, along with Ethereum co-founder Vitalik Buterin and four others.

Kayleen Fulton alleges she was fired after disclosing a cancer diagnosis and organizing a staff letter challenging a directive tied to the foundation’s new mandate.

Fulton, who led the foundation’s protocol support team and is known in the Ethereum community as “Nixo,” filed the complaint on Nov. 4 in the United States District Court for the District of Colorado. She alleges that Bastian Aue, a co-executive director at the time, fired her on April 6, 13 days after she disclosed her diagnosis. The complaint also alleges Buterin helped adopt and enforce the directive as a board member.

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Bitcoin price action and stock futures trended lower after Fed governor Christopher Waller said that he would vote to raise interest rates by 0.25% at the December FOMC meeting.

Bitcoin (BTC) fell toward $74,000, and US stock futures dropped on Tuesday as a senior Federal Reserve official voiced support for hiking interest rates.

Key points:

Data from TradingView showed BTC/USD reaching $74,080 on Bitstamp, down 1.3% on the day.

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BitGo’s $71 million unrealized gain on its crypto holdings helped nearly double its net income, but revenue and earnings came in below preliminary analyst expectations.

US-listed digital asset infrastructure company BitGo Holdings reported $44.1 million in third-quarter net income, nearly double a year earlier, as a rise in the value of its crypto holdings offset a $19.2 million operating loss.

The crypto custodian recorded a $71.5 million unrealized gain on digital assets in the quarter ended Sept. 30, according to its quarterly filing. A year earlier, it reported operating income of $3.9 million.

Revenue fell 51% from a year earlier to $2.85 billion as digital asset sales slowed, BitGo said Monday. The company generally records the full proceeds of those sales as revenue and accounts for the costs separately. Revenue after direct costs fell 32% to $37.3 million.

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US spot Bitcoin ETFs shed $201 million Monday, with seven straight sessions of net withdrawals from BlackRock’s IBIT totaling $1.66 billion.

US-listed spot Bitcoin exchange-traded funds (ETFs) extended their losses Monday, with BlackRock’s flagship fund recording its seventh consecutive day of withdrawals.

BlackRock’s iShares Bitcoin Trust (IBIT), the largest US spot Bitcoin ETF by assets, posted $213 million in outflows on Monday, bringing the outflow streak since Oct. 30 to $1.66 billion, according to Farside Investors data.

The broader Bitcoin ETF market shed another $201 million, as $22 million in inflows to the Morgan Stanley Bitcoin Trust ETF (MSBT) partially offset the losses. The funds have recorded around $1.5 billion in net outflows over the past six trading sessions.

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Securitize agreed to buy River One to bring stablecoin funding to asset-backed lending and expects the deal to close in the fourth quarter of 2026.

BlackRock-backed tokenization platform Securitize agreed to buy River One, a New York financing firm, in a deal that would expand the tokenization company into asset-backed lending, the company said Monday.

The deal would add a new financing layer to Securitize’s platform, expanding into asset-backed lending, according to a Monday release.

River One is developing technology that would let lenders tap stablecoin funding. Lenders could use pools of small business loans or receivables as collateral to borrow money and fund new loans.

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“Cold storage is a useful measure of online exposure, but it is not a standalone security score,” the cybersecurity firm told Cointelegraph.

Crypto exchanges should impose hard dollar limits on their hot-wallet holdings rather than relying solely on cold-storage ratios to measure security, according to cybersecurity firm CertiK.

The recommendation came as several crypto exchanges recently disclosed how much they held in cold wallets, seeking to reassure customers after the record Binance hack that targeted its hot wallets. Crypto exchange Gate reported that 88.26% of its total assets were in cold storage, while Coinbase said it keeps more than 99% of customer assets offline.&

“Cold storage is a useful measure of online exposure, but it is not a standalone security score,” CertiK’s research team told Cointelegraph.&

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Control Room cuts off model output for internal research jobs when people or automated monitors flag safety or security concerns.

OpenAI has built a system that can cut off an AI research experiment’s access to model output, following several disclosures of its models acting beyond their instructions this year.

In a blog post Monday, OpenAI called the system “Control Room,” which is a centralized system that tracks model workloads across its research infrastructure and stops them quickly when safety or security concerns arise.

“As our models get more powerful and the associated safety and security risks become bigger, it becomes more and more critical that we can detect potential issues, and quickly stop models in their tracks when needed,” said the company.

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Both miners reported higher Bitcoin production but lower mining revenue and rising electricity costs as they expanded their AI infrastructure businesses.

Update (Nov. 10, 2026, 7:31 am UTC): This article has been updated to include details of MARA’s $1.1 billion Bitcoin sale and its repayment of $750 million in Bitcoin-backed loans.

HIVE Digital Technologies and MARA Holdings mined more Bitcoin in the September quarter than a year earlier but reported lower mining revenue, as weaker Bitcoin prices outweighed gains in production.

According to their latest regulatory filings, HIVE’s Bitcoin production increased 49% to 1,070 Bitcoin (BTC), while mining revenue fell 7.4% to $76 million. MARA reported a similar pattern, with production rising 5% to 2,247 BTC and Bitcoin mining revenue dropping 34% to $159 million.

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Some Australian crypto investors are moving overseas to avoid the huge CGT increase from July 2027. But there are also less drastic ways you can pay less tax.

In part one of our special on how to avoid Australia’s massive hike in capital gains taxes on crypto in July next year, we looked at borrowing against your Bitcoin or setting up a self-managed super fund (SMSF), among four ways to mitigate the impact of the taxes.

While an SMSF offers Australians the greatest tax advantages, it’s only suitable for older investors, or those who are willing to lock up their crypto for decades until they retire. For younger investors, moving overseas could reduce your future crypto tax bills to 0% — but there are less drastic options to save on tax too.&

Australia’s impending tax changes have already inspired crypto king Fred Schebesta, founder of Finder.com, to become a tax exile in Singapore.&

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The blockchain firm traced stolen funds through six new tokens on NEAR, where hackers used liquidity pools to obscure transfers between wallets.

North Korean hackers created memecoins to launder cryptocurrency stolen in the $6.3 billion Binance hack, routing roughly $430,000 through six newly launched tokens on the NEAR blockchain, according to a report from blockchain analytics firm Elliptic.

Between Nov. 5 and 7, the hackers created at least six tokens on NEAR and used liquidity pools on decentralized exchanges to move stolen funds between wallets, Elliptic said. The tokens attracted almost no outside trading and were abandoned shortly after launch.

The hackers used one set of wallets to swap stolen NEAR tokens for the new memecoins, then used another set to sell those memecoins back into the pools for NEAR. The swaps let them move funds without direct wallet-to-wallet transfers, though the transactions remained traceable onchain.

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The proposed venue would offer 24/7 trading of tokenized shares from Galaxy Digital, Exodus and Forward Industries, with a launch planned for early 2027.

Formation Securities, a newly established company licensing technology from decentralized exchange Orca, has notified the US Securities and Exchange Commission (SEC) of plans to launch a tokenized stock trading venue on Solana in early 2027.

The company said Monday that tokenized shares of Galaxy Digital, Exodus Movement and Forward Industries are expected to be available at launch. The venue would operate under the SEC’s temporary Innovation Exemption announced in September, which allows verified investors to trade certain US-listed shares around the clock while retaining voting, dividend and other shareholder rights.

Superstate and Securitize are expected to make tokenized shares available on the marketplace, which Formation says it intends to develop in cooperation with public companies. The venue would use automated market maker (AMM) technology, allowing investors to hold securities in their own wallets and settle trades onchain against stablecoins and other eligible assets.

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Customers can view their pre-hack balances as access returns in phases. The exchange has yet to say when withdrawals will resume.

Crypto exchange Mercado Bitcoin began restoring read-only access to customer accounts in phases on Monday, a week after attackers drained an estimated $49 million from the platform. The exchange has yet to say when customers will be able to withdraw funds.

A Mercado Bitcoin spokesperson told Cointelegraph that access would begin at 19:00 UTC, with all accounts expected to be viewable by 21:00 UTC. Customers will be able to see their holdings as they stood on Nov. 2, the day of the hack.

In a video posted to the exchange’s X account, Fabricio Tota, vice president of new business, said Mercado Bitcoin hoped read-only access would reassure customers that their assets were still recorded on the platform.

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The pilot lets eligible corporate and institutional clients accept USDC on Ethereum, with each token converted to one US dollar before deposit.

PNC Bank, the eighth-largest US bank by assets, launched a limited pilot enabling eligible corporate and institutional clients to receive USDC payments through Coinbase.

The pilot accepts USDC, a US dollar-backed stablecoin issued by Circle, on Ethereum using Coinbase Payments products. Payments are automatically converted into dollars and deposited into designated PNC accounts, allowing businesses to accept stablecoins without holding them.

PNC said the service aims to speed up access to funds and improve cross-border payment efficiency. The bank did not disclose fees, settlement-time benchmarks or the number of participating clients, nor did it respond to Cointelegraph’s request for additional details by publication time.

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Avalanche’s AVAX token rose as much as 10% after the NYSE selected its blockchain to support settlement on a planned tokenized stock trading platform.

Avalanche’s AVAX token jumped as much as 10% on Monday, making it the top earner among the 100 largest cryptocurrencies by market capitalization, as the New York Stock Exchange (NYSE) announced plans to use its blockchain to settle trades on a new platform for trading tokenized stocks around the clock.

AVAX later eased to $8.86, still up over 8% on the day, according to CoinGecko data as of 03:22 p.m. UTC. The token currently has a market cap of around $3.95 billion, with $439.7 million traded over the past day. The Avalanche blockchain boasts a total value locked (TVL) of $633 million, up 4% over the past 24 hours, according to DeFiLlama.

“At the NYSE, we’re looking at how blockchain technology can expand what we offer in equities, and we’re picking the right technology for each job,” Dennis Lee, the head of digital issuance at NYSE, said in an announcement.

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Bitcoin rebounded from an 11-week low near $73,500 as the Nasdaq Composite rallied despite sell-off in Nvidia shares.

Bitcoin (BTC) returned above $75,000 after Monday’s Wall Street open as tech stocks rebounded.

Key points:

Data from TradingView showed BTC/USD up 0.8%, having dipped as low as $73,500 on Sunday, a level not seen since Aug. 21.

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Binance’s pledge to cover all user losses helped contain the fallout from the $6.3 billion hack, analysts said.

Binance’s pledge to cover user losses from its $6.3 billion hack helped contain the fallout across crypto markets, analysts told Cointelegraph.

“There doesn’t seem to be any contagion-type effect from the hack, given that Binance is able to cover the losses using its balance sheet,” Martin Lee, market insights lead at DWF Labs, told Cointelegraph. He said investors turned their focus to the implications of the US midterm elections.

Binance’s daily net outflows fell to $458 million in the 24 hours leading to Monday’s publication time, down from $6.1 billion on Nov. 2 after withdrawals resumed, according to DefiLlama.

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The Binance hack proved stablecoin freezes work. Now the UK should make clear freeze rules a condition of listing coins.

Opinion by Lissele Pratt, co-founder, Capitalixe

Last weekend, the Federal Bureau of Investigation claimed that North Korea was behind the $6.3 billion Binance hack, which analysts are calling the largest heist on record.

While I’ve read a lot about the scale of this heist, far less has been said about what went right.

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Strategy bought $81.9 million in Bitcoin last week while spending $188.3 million repurchasing STRC preferred shares, according to its latest SEC filing.

Strategy bought 1,036 Bitcoin for $81.9 million last week, bringing its holdings to 850,364 BTC.

The company paid an average of $79,012 per BTC last week, according to its Monday filing with the US Securities and Exchange Commission.

Strategy said it paid a total of $64.16 billion for its Bitcoin holdings, at an average price of $75,456 per coin. Its holdings now account for roughly 4.05% of Bitcoin’s maximum 21 million supply.

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Applications close Nov. 27 for an industry group that aims to draft initial standards for holding and settling tokenized securities by early 2028.

The European Central Bank, European Commission and European Securities and Markets Authority are seeking nominations for an industry-led group that will draft common standards for holding and settling tokenized securities.

Eligible applicants include EU industry associations, global institutions, private firms and fintech companies. They can apply to the European Tokenisation Standards Group (ETSG) by Nov. 27, with work set to begin in January 2027, according to a release published Monday. The three EU institutions will participate as observers.

The group will develop technical and market standards to help companies hold and settle tokenized securities across different distributed ledger technology (DLT) platforms and ensure those platforms can work with existing financial systems. The group aims to produce an initial set of standards by early 2028, according to its mandate. The standards will support Appia, the Eurosystem’s initiative to develop a blueprint for Europe’s tokenized financial markets.

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Coinbase plans to expand its institutional crypto custody business under the federal charter and is exploring digital asset payment products.

Coinbase’s national trust bank charter took effect on Friday, according to the US Office of the Comptroller of the Currency (OCC).

The applied for the charter in October 2025 and received preliminary approval in April 2026, according to the OCC’s filing record. The charter allows Coinbase National Trust Company to hold digital assets on behalf of clients as a fiduciary, according to the OCC’s preliminary approval letter.

Coinbase plans to offer institutional clients segregated custody accounts, with access to staking, financing and trading through other Coinbase entities, according to its charter application.

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Robinhood’s UK customers can request shares in eligible US initial public offerings at the offer price before the stocks begin trading.

Robinhood has launched a service that lets UK retail investors request shares in eligible US initial public offerings (IPOs) before trading begins.

Customers can use their existing investment accounts to review offering documents in the app and request shares at the IPO price without paying trading commissions, Robinhood said Monday.

Robinhood said it has participated in more than 50 IPOs since launching the service in the US in 2021. The company did not identify which upcoming US IPOs would be available to UK investors.

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Bitcoin price action fell to its lowest levels since mid-August as Nvidia reports added to sell-side pressure across stock-market futures.

Bitcoin (BTC) fell to about $73,500 late Sunday, its lowest level since August, as more than $1 billion in leveraged crypto positions were liquidated ahead of this week’s US inflation reports.

Key points:

Bitcoin slipped below $74,000 shortly before Sunday’s weekly close, extending last week’s losses, TradingView data showed.

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Sen. Richard Blumenthal asked four crypto firms to start sending records by Nov. 30 and warned of further action if they miss the Jan. 4 deadline.

US Senator Richard Blumenthal gave Binance, Tether and two Trump-linked crypto firms until Jan. 4, 2027, to voluntarily turn over records sought in Senate inquiries.

Failure to meet the January deadline could prompt further action, he warned.

Blumenthal, the ranking Democrat and incoming chair of the Senate Permanent Subcommittee on Investigations, sent follow-up letters Thursday to Binance, Tether, World Liberty Financial and Fight Fight Fight LLC, the company that launched President Donald Trump’s TRUMP memecoin.

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Investors pulled a net $1.21 billion from BlackRock’s IBIT last week as Bitcoin fell below $76,000 and US technology stocks sold off.

US spot Bitcoin exchange-traded funds (ETFs) recorded $1.28 billion in net outflows last week, their largest weekly withdrawals since late June.

The withdrawals brought the funds’ net outflows for the year to about $919 million, according to SoSoValue. The funds had already posted $515 million in net outflows in October.

Bitcoin fell below $76,000 last week as traders digested the fallout from Binance’s $6.3 billion hack, uncertainty after the US midterm elections and a sell-off in technology stocks.

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The proposed reduction aims to shorten transaction confirmation times and improve the user experience for point-of-sale payments, exchange deposits and cross-chain swaps.

Zcash developers have proposed reducing the blockchain’s target block interval from 25 seconds to 20 seconds, seeking faster transaction confirmations days after activating the NU7 upgrade.&

On Sunday, developers ValarDragon and Evan Forbes submitted a draft Zcash Improvement Proposal (ZIP) on the Zcash community forum, saying that they want the change to be included in the next community poll and considered for the upcoming NU7.1 network upgrade.

The reduction would shorten the expected wait for initial transaction confirmations. According to the proposal, this would improve the user experience for point-of-sale payments, exchange deposits and cross-chain swaps.

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Threshold halted its tBTC bridge on Oct. 30 as operators addressed a critical Linux kernel vulnerability that could allow attackers to execute code on unpatched servers.

Threshold Network’s tBTC bridge has resumed onchain operations after a nine-day security pause, but an Aave reserve holding about $120 million in tBTC remains frozen to new deposits and borrowing against the token.

On Sunday, Threshold said the bridge’s underlying network was restarting as security-patched node operators reconnected. These independent operators collectively authorize Bitcoin movements and process deposits and redemptions.&

Requests submitted before the shutdown are expected to be processed as more operators return, but the app will not accept new deposits, minting or redemptions until enough nodes are online. Threshold did not announce a restart date.&

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Vitalik Buterin wants Ethereum to embrace a store of value narrative, upsetting Bitcoin maxis. The crypto industry faces an uncertain future following the US elections.

Ethereum creator Vitalik Buterin says the network should promote ETH as a store of value, rather than as an asset that derives value from burning fees.

He argued in a thread that idea of “ETH as fee-burning token never was as strong as it seemed” and that optimizing for that would negatively impact Ethereum’s “decentralization and capture resistance.”

Instead, he argues that Ethereum’s value should come from stability provided by its focus on “decentralization and CROPS” — referring to censorship and capture resistance, open source, privacy and security — which he believes will be more highly valued in an “era of AI disruption.”

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Any assets left on the exchange will be charged monthly fees starting on Nov. 29, company says.

Binance France is closing up shop in the country. Customers have been notified by email during early November, according to media reports.

All accounts will be closed on Dec. 31, and any assets left on the exchange will be charged monthly fees starting on Nov. 29, Cryptoast, Crypto Briefing and other media reported on Saturday, citing emails sent to users by Binance.

On that date, accounts still maintaining a balance will pay a monthly maintenance fee of 0.025% of the balance, or a minimum of 10 USDC, a stablecoin tracking the US dollar.

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Dutch police said they detained 150-200 people for trespassing during the protest.

Protesters reportedly broke into an Amsterdam construction site for a Microsoft data center and clashed with police.

Dutch authorities said they detained 150-200 people for trespassing.

One protester told a local broadcaster they were trying to stop construction of the data center, according to a report from the Associated Press on Friday.

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Ng will be replaced by Justin Yek, who was formerly vice-president of finance at Airwallex.

Binance’s finance chief Kaiser Ng is ​reportedly leaving that company to pursue a new venture.

“Kaiser Ng ​has decided to pursue a new venture ​after more than five years at Binance, ⁠with a transition plan implemented over the last ​half year,” Binance co-CEO Yi He ​said in a statement obtained by Reuters on Saturday.&

Ng’s LinkedIn profile says he has been Binance’s chief financial officer since January ⁠2022 ​and before that served in the same capacity at crypto exchange Kraken for about five years.

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Yaroch paid off his debts and intended to use the proceeds to finance a new life in Portugal, where he planned to buy a vineyard.

A former FBI counterintelligence agent admitted to wire fraud and money laundering in stealing almost $2.5 million in cryptocurrency from unidentified adversarial nations and wallets that were under investigation.

Patrick Steven Yaroch, 37, used his investigative positions with access to FBI systems to steal cryptocurrency, then exchange and launder it through financial transactions to conceal its source and ownership.

Yaroch made about 100 fraudulent transfers related to 35 FBI investigations, gaining $2,474,380.66 in proceeds, according to a news release from the US Attorney’s Office, Eastern District of Virginia on Thursday.

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Bitcoin’s eCash fork gives eligible holders an equivalent balance of ECX, but questions remain over where they can trade the tokens and what they can do with them.

Somewhere between the Binance hack and the US midterms, Paul Sztorc’s long-awaited Bitcoin fork, known as the eCash network, went live.

On Oct. 29, Sztorc, the founder of LayerTwo Labs and the driving force behind the Bitcoin Drivechain proposals BIP300 and BIP301 , launched a separate Bitcoin fork designed to bring payments, privacy and other applications to a network built from Bitcoin’s code.

“We need to actively sabotage the ‘degrowth’ policies killing Bitcoin,” Sztorc tells Magazine.

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US also offers as much as $20 million and possible relocation for information about Iran’s nuclear program.

The US Treasury imposed financial sanctions on eight Canadian money-service companies it claims have done business with sanctioned ‌Iranian entities.

These companies facilitated the exchange of Iranian rials and other currencies for digital assets, enabling international transactions, a US Treasury Department statement said on Friday.

The sanctions, which serve to isolate the companies from the dollar-based financial system, are the latest in a series of Treasury moves against firms outside the US.

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Bets were placed shortly before two recent New York Times/Siena political polls were released to the public, according to a report.

Suspicious prediction market bets were placed shortly before two recent New York Times/Siena political polls were released to the public, according to a report.

Vanderbilt University researchers said a Polymarket user bet almost $200,000 on Oct. 31 that Nebraska Senator Pete Ricketts would be re-elected. An hour later, a Times/Siena poll was released showing Ricketts in the lead.

A Friday New York Times report said while it was not clear if the user had access to inside information, they won more than $77,000.

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CEO Jensen Huang’s relationship with President Donald Trump probably won’t save the company from a more adversarial Washington, Semafor says.

Chipmaker Nvidia CEO Jensen Huang’s relationship with President Donald Trump probably won’t save the company from a more hostile Washington in the post-election era, according to Semafor.

Even as victorious Democrats look to take the lead in regulatory committees, Republicans are planning to impose tougher export controls on chips.

Three Republican House members have asked Huang to appear in a briefing on whether he had been targeted by a Chinese intelligence agent, according to Semafor’s report on Friday.

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The US Treasury bureau FinCEN on Friday ordered US financial institutions to stop processing transfers involving MEXC Global.

The US Department of Treasury on Friday issued an order to cut cryptocurrency exchange MEXC Global off from the US’ financial system after accusing it of facilitating at least $16 billion in transactions linked to sanctions evasion, cybercrime and other illicit activity.

The Treasury’s Financial Crimes Enforcement Network (FinCEN) asserted that MEXC handled transactions involving sanctioned groups in Iran, Russia and North Korea between May 2021 and May 2026.& This included around $1.5 billion in transactions linked to Russian sanctions evasion, according to the official press release.

The order effectively bans US financial institutions from processing money transfers involving MEXC and will take effect 30 days after it is published in the Federal Register.&

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The crypto debit card provider said customer funds remained safe despite the exposure of sensitive financial and personal information.

Crypto-linked Visa debit card provider Gnosis Pay disclosed a security breach on Friday that exposed customers’ payment card details, home addresses and cryptocurrency wallet addresses.

Gnosis Pay said it detected unauthorized access to its legacy consumer card system on Nov. 3 and began containing the breach within two hours. The company said customer funds and its separate enterprise platform, which powers white-label card programs, were unaffected.

According to breach notifications reviewed by Cointelegraph, the company identified exposed information including full payment card numbers, expiration dates, CVV codes, customer names, home addresses and wallet addresses linked to affected accounts. The compromised data also included email addresses, phone numbers, nationalities and, in some cases, banking details such as IBAN and BIC information.

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TRM Labs executive Ari Redbord called for governments to take offensive action against North Korean hackers following the record $6.3 billion Binance theft.

The $6.3 billion Binance hack sent shockwaves through the crypto industry. Following a series of increasingly severe cybersecurity incidents, the attack on the world’s biggest crypto exchange demonstrated how far state-backed hackers can, and will, go.

TRM Labs, a blockchain intelligence company, was on the front lines of efforts to stop the theft, releasing a report in its aftermath. The firm was early to attribute the attack to the North Korean hacking group, TraitorTrader, citing “indisputable” onchain and offchain evidence. The $1.5 billion hack of Bybit in February 2025 was attributed to the same group.&

Binance said in its postmortem on Nov. 3 that attackers posed as recruiters to plant malware on an engineer’s work computer, then used a compromised internal AI tool to reach its wallet-signing service.&

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While the proposal doesn’t exclude altcoins and smaller cryptocurrencies, experts say they could face challenges getting into retirement plans.

Smaller cryptocurrencies could become available in US 401(k) retirement plans under a proposed Labor Department rule, but experts say they may face more challenges than Bitcoin (BTC) and Ether (ETH).

The rule reached the White House for final review on Thursday, according to the Office of Information and Regulatory Affairs. It aims to make it easier for retirement plans to offer alternative investments like crypto, while offering more legal protection for employers and plan managers.

The Labor Department’s March proposal neither specifies which digital assets could be included nor sets a minimum market capitalization requirement. However, it does guide retirement plan managers to consider six factors when choosing: performance, fees, liquidity, valuation, benchmarks and complexity.

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The rules allow retail investors to trade BTC, ETH and USDT through regulated intermediaries, with Moscow Exchange planning to launch crypto trading in December.

Russia’s central bank has finalized rules allowing exchanges to offer Bitcoin (BTC), Ether (ETH) and Tether USDt (USDT) to retail investors starting Nov. 17.

Under the rules, non-qualified investors can purchase up to 300,000 rubles (around $3,700) in cryptocurrency annually through each intermediary, including brokers, asset managers and crypto exchange providers. Qualified investors face no purchase limits, but all investors must pass a mandatory test before trading.

The directive builds on legislation signed by Russian President Vladimir Putin on Aug. 4 establishing a regulated cryptocurrency market under central bank oversight.

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Bitcoin treasury company Strive reported $509 million in third-quarter net income and purchased 15,124 BTC in October, bringing its total holdings to 43,124 BTC.

Bitcoin treasury company Strive purchased 15,124 Bitcoin (BTC) in October, bringing its total purchases for the first 10 months of 2026 to 35,497 BTC, according to its third-quarter earnings report released Friday. The purchases brought the company closer to the top of the corporate Bitcoin treasury rankings.

Strive reported that it held 43,124 BTC as of Oct. 30, making it the fourth-largest publicly traded corporate Bitcoin holder, according to BitcoinTreasuries.NET data. It trails third-place Twenty One Capital by just 390 BTC and would need another 877 BTC to surpass second-place Metaplanet, which holds 44,000 BTC, assuming neither company increases its holdings.

Strive’s accumulation follows comments made by CEO Matt Cole in a September interview, in which he said the company could become the world’s second-largest publicly traded corporate Bitcoin holder by year-end, although he acknowledged that the outcome was not his base-case scenario.

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BTC price action stayed weak after US nonfarm payrolls data significantly beat forecasts, increasing bets of a December interest-rate hike.

Bitcoin (BTC) set new multi-week lows after Friday’s Wall Street open as BTC price action diverged from stocks.

Key points:

Data from TradingView showed BTC/USD dipping below $75,000 to levels last seen in mid-August. The total crypto market cap was down 0.5% on the day.

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The CLARITY Act faces a new test as Democrats control Congress, raising questions over consumer protections, ethics and what the crypto industry may have to concede.

Crypto companies contributed $233 million to political committees during the 2026 US midterm cycle, according to Public Citizen’s analysis of federal filings.

Democrats won both chambers of Congress and will take control in January, giving them a chance to reshape the stalled CLARITY Act, a bill to set federal rules for crypto markets.

In Ohio, Democrat and longtime crypto skeptic Sherrod Brown defeated Republican Sen. Jon Husted despite crypto-backed political action committees spending $64 million to defeat him.

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Nigeria has banned algorithmic stablecoins and introduced reserve requirements for issuers as it expands central bank oversight of crypto payment services.

Nigeria’s central bank has introduced new licensing and reserve requirements for cryptocurrency companies, tightening oversight of stablecoins and digital asset payment services in one of Africa’s largest crypto markets.

The Central Bank of Nigeria (CBN) issued the Regulations for the Operations of Non-Security Virtual Assets on Thursday, establishing rules for stablecoin issuers, crypto payment providers, exchanges, custodians and other covered service providers.

The regulations took effect immediately, though existing operators have 180 days to apply for licenses or authorizations. The CBN said the framework aims to support responsible innovation while protecting consumers and financial stability.

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Ethereum developers are investigating concerns tied to eight smart contract invariants tied to Glamsterdam’s EIP-8037 and EIP-8038.

Ethereum core developers delayed the Glamsterdam upgrade’s implementation on the Hoodi testnet until security concerns tied to eight smart contract invariants are resolved.

Some existing Ethereum projects rely on assumptions that certain operations would cost a specific amount of gas, which would be invalidated by Glamsterdam’s EIP-8037 and EIP-8038 because they change how gas is charged for certain operations, the Ethereum Foundation said in a Friday blog post.

The decision followed an Oct. 13 report from smart contract auditor ChainSecurity, which found that the two Ethereum Improvement Proposals (EIPs) could break smart contracts that rely on fixed gas-related assumptions when external calls fail.

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Ethereum developers are investigating concerns tied to eight smart contract invariants tied to Glamsterdam’s EIP-8037 and EIP-8038.

Ethereum core developers delayed the Glamsterdam upgrade’s implementation on the Hoodi testnet until security concerns tied to eight smart contract invariants are resolved.

Some existing Ethereum projects rely on assumptions that certain operations would cost a specific amount of gas, which would be invalidated by Glamsterdam’s EIP-8037 and EIP-8038 because they change how gas is charged for certain operations, the Ethereum Foundation said in a Friday blog post.

The decision followed an Oct. 13 report from smart contract auditor ChainSecurity, which found that the two Ethereum Improvement Proposals (EIPs) could break smart contracts that rely on fixed gas-related assumptions when external calls fail.

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Solana’s promotional campaigns through domestic entities allegedly violated China’s crypto-related restrictions, an unidentified PBOC official told China’s Financial News.

Chinese authorities halted the Solana Accelerate event in Shanghai over alleged unauthorized promotional activities involving domestic entities, China’s state-backed Financial News reported on Friday.

The outlet cited an unidentified official from a department of the People’s Bank of China (PBOC), who said Solana had promoted its brand through domestic entities, including by placing advertisements on a building in Shanghai’s Lujiazui financial district.

The official also claimed that Solana provides technical services supporting the issuance and trading of cryptocurrencies, which he described as illegal financial activities under Chinese regulations.

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The cybersecurity company flagged similar multi-stage intrusion patterns behind other high-profile crypto heists, including the $388 million Bitget hack.

Non-profit cybersecurity organization Security Alliance (SEAL) estimates that the North Korea-linked TraderTraitor gained access to Binance’s systems about eight weeks before the $6.3 billion exploit on Oct. 29.

The hacking group gained access to Binance’s systems sometime in September, wrote SEAL in a Thursday report, adding that threat actors can navigate these systems with a “high degree of stealth over prolonged periods of time” after initial intrusion.&

SEAL identified at least four “front companies” associated with TraderTraitor’s fake recruitment campaigns in 2026, including citalab.net, citalab.com, bitfit.io and oddium.io.&

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The cybersecurity company flagged similar multi-stage intrusion patterns behind other high-profile crypto heists, including the $388 million Bitget hack.

Updated (Nov. 6 at 05:03 p.m. UTC): This article has been corrected to clarify the timeline of the Binance hack. The article also includes a statement from a Binance spokesperson.

Nonprofit cybersecurity organization Security Alliance (SEAL) estimates that North Korea-linked hackers compromised a Binance employee’s device about eight weeks before the exchange’s $6.3 billion exploit on Oct. 29, although Binance said the broader attack campaign began in June and that the hackers did not gain access to additional wallet infrastructure devices until Oct. 20.

The hacking group compromised a Binance software engineer’s device in September through a fake recruitment scheme, wrote SEAL in a Thursday report, adding that threat actors can navigate compromised systems with a “high degree of stealth over prolonged periods of time” after initial intrusion. SEAL’s eight-week estimate refers to the September-to-October intrusion window, rather than the beginning of the broader campaign described by Binance.

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Bitcoin consolidated as fears over US AI regulation spread to Asia, causing South Korea to announce measures to calm stock-market volatility.

Bitcoin (BTC) held above $75,000 on Friday as a sell-off in US technology stocks spread to Asian markets.

Key points:

Data from TradingView showed BTC/USD trading near its 50-week simple moving average (SMA), at $75,733.&

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Greece has approved a 10% tax on cryptocurrency gains starting in 2027, with an exemption for investors whose annual net gains do not exceed 500 euros.

Greece’s parliament approved legislation imposing a 10% tax on cryptocurrency gains, establishing new rules for investors as the country prepares to introduce the levy in 2027.

The Hellenic Parliament passed the tax measures Thursday as part of a broader bill covering loan oversight, debt protections and financial market regulation.

The bill introduces a 10% tax on profits from crypto asset sales but exempts investors whose annual gains do not exceed 500 euros ($560), local financial publication Oikonomikos Tachydromos reported Friday. The new framework is scheduled to take effect on Jan. 1, 2027.

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South Korea’s GOPAX suspended trading, deposits and standard withdrawals after a hacking threat, with manual withdrawals available through support.

South Korean crypto exchange GOPAX suspended trading, deposits and standard withdrawals Friday after receiving an email threatening a hack, according to local newspaper Kyunghyang Shinmun.

A GOPAX representative told the newspaper that no hack or attempted theft had occurred at that point.

GOPAX said it halted deposits and standard withdrawals at 5:55 am UTC. Trading stopped at 6:53 UTC, according to a second announcement. All unfilled orders were canceled.

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Experts say blockchain records show repeated wallet drains but cannot establish Binance’s internal signing controls or transaction limits.

Binance’s $6.3 billion security incident has left unanswered questions about how the exchange managed its hot wallets and limited the amount attackers could access.

Binance co-CEO Richard Teng said on Oct. 30 that the attack affected the exchange’s own hot wallet. Most customer assets were held in offline cold storage and moved to hot wallets only when users requested withdrawals.

Wallet balances offer only a partial picture of an exchange’s exposure to an attack. Public blockchain records can show funds moving but cannot establish the internal controls governing those transfers, CertiK analyst Jonathan Riss told Cointelegraph.

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Zcash’s NU7 upgrade has rendered about $15 million in legacy Sprout funds unspendable, although a future network upgrade could potentially restore access.

Zcash’s NU7 network upgrade activated Friday, making about $15 millionin ZEC held in the network’s legacy Sprout shielded pool unspendable.

The upgrade took effect at block 3,543,405 at 02:34 UTC, according to blockchain tracker ZecStats, which lists the Sprout pool balance at about 12,224 ZEC.

The upgrade cuts Zcash’s target time between blocks from 75 seconds to 25, although actual block intervals will adjust toward the new target as mining difficulty changes.&

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The HYPE treasury company spent $785 million on tokens during the quarter and wants to bring Hyperliquid-based perpetual futures to the US.

A subsidiary of Nasdaq-listed HYPE treasury company Hyperliquid Strategies has applied to become a futures commission merchant (FCM), seeking to bring Hyperliquid-based perpetual futures to the US.

“Owning HYPE is how we aim to capture economics associated with the Hyperliquid protocol; setting up an FCM is how we intend to help bring markets deployed on Hyperliquid onshore,” said Hyperliquid Strategies CEO David Schamis in the company’s results for the quarter ended Sept. 30, published on Thursday.

Hyperliquid’s HIP-3 framework allows independent operators to launch custom perpetual futures markets on the protocol’s onchain infrastructure by staking 500,000 HYPE tokens ($38.8 million). Proposed HIP-3 features would allow operators to create permissioned markets that restrict participation to approved addresses.

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US spot Bitcoin and Ether ETFs shed a combined $530 million Thursday as Bitcoin fell below $76,000 and US stocks tumbled.

US spot Bitcoin and Ether exchange-traded funds (ETFs) posted about $530 million in net outflows Thursday as cryptocurrency markets fell sharply.

Bitcoin (BTC) ETFs recorded $430 million in net outflows while Ether (ETH) funds lost around $100 million, according to SoSoValue data.

The reversal followed $128 million in combined inflows Wednesday, when Bitcoin briefly climbed above $80,000 after Democrats’ victories in the US midterm elections.

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Chainalysis disclosed password hashes and live tokens were exposed after initially reporting only non-sensitive customer data was accessed.

Chainalysis on Wednesday disclosed a wider impact from a cyberattack it initially described as involving only non-sensitive customer information.

“On Monday, we discovered certain customer information including names, usernames, password hashes and live tokens for all Chainalysis users were exposed to a malicious actor,” the blockchain analytics firm said in an update to its incident notice.

The company did not disclose whether each type of information was exposed for every user and declined to provide Cointelegraph with additional information beyond its published disclosure.

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Coinbase says it keeps more than 99% of customer assets offline, while Gate reports 88.26% of its total assets are kept in cold storage.

Crypto exchanges were quick to reassure users following the attack on Binance’s hot wallet infrastructure last week, with several companies disclosing how they divide assets between cold storage and internet-connected hot wallets this week.&

Crypto exchange Gate on Thursday launched a “Proof of Security” (PoSEC) framework, reporting that 88.26% of its total assets were in cold storage and 11.74% in hot wallets. It claims its cold storage could cover 104.58% of customer assets even if its hot wallets were completely drained.

“By publicly disclosing the distribution of assets between platform cold storage and hot wallets, PoSEC provides visibility into asset storage structures and their ability to cover potential losses under extreme scenarios,” Gate said.& It noted the data is still undergoing independent review by a third-party audit firm.

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The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.

Core Scientific said it expects to exit Bitcoin mining by the end of 2026 as it shifts its business toward artificial intelligence and high-performance computing infrastructure.&

“We expect to complete the wind-down during the fourth quarter and enter 2027 as a pure-play, high-density colocation provider,” said Core Scientific chief financial officer Jim Nygaard during a Q3 earnings call on Thursday.&

Core Scientific had previously disclosed in a July quarterly filing that hosted mining would end by Dec. 31 as it continued to wind down its self-mining operations. The comment establishes a targeted completion date for its complete Bitcoin mining exit.&

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The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.

American Bitcoin reported a quarterly net income of $126 million on Wednesday, but rising mining costs and falling profits from mining raise questions about its long-term strategy as major rivals pivot towards artificial intelligence.

The Eric Trump-backed company’s profit was driven by a $197.3 million noncash gain on its Bitcoin (BTC) holdings. Meanwhile, mining revenue fell 5.5% to $63.4 million from the previous quarter, while the cost to mine one BTC rose about 15% to $42,100.

Excluding gains from its Bitcoin holdings, American Bitcoin would have reported an operating loss of approximately $5.5 million, according to its financial statements. The company also recorded a separate $64.3 million loss on derivatives.

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Asian crypto exchanges are scrambling to tighten security on fears of a wave of potentially AI-assisted hacks, even as regional governments embrace tokenization and stablecoins.

India’s national cybersecurity agency warned that an AI-assisted threat actor has escalated its attacks on cryptocurrency exchanges and other financial businesses, stealing wallet keys and siphoning funds.

The Indian Computer Emergency Response Team (CERT-In) on Wednesday designated the threat actor as “CRAFTY FALCON” and explicitly identified crypto exchanges among affected businesses.

“The threat is active and ongoing. CSIRT-Fin continues to receive reports of successful attacks, including from NBFCs and fintech entities that had already received the earlier restricted advisories and had undertaken remediation,” said CERT-In.&

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Republican French Hill secured another term in Congress but will lose his leadership of the House Financial Services Committee when Democrats take control in January.

House Financial Services Committee Chair French Hill, a key Republican ally of the cryptocurrency industry, has won reelection in Arkansas but is expected to lose his committee chairmanship after Democrats won control of the House of Representatives in Tuesday’s midterm elections.

The Associated Press called the race Thursday, confirming Hill’s victory over Democratic challenger Chris Jones in Arkansas’ 2nd Congressional District. Hill, who sponsored the CLARITY Act and voted for the GENIUS Act, holds an A rating from the crypto advocacy group Stand With Crypto, which classifies him as strongly supportive of cryptocurrency.

Fairshake, a cryptocurrency industry-backed super political action committee (PAC), pledged $1 million to support Hill’s reelection campaign in October as part of its efforts to retain crypto-friendly lawmakers in Congress.

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SignalPlus said attackers compromised an engineer’s computer in a breach that resulted in losses of less than $82,000, which the crypto trading platform pledged to reimburse in full.

Exchanges Binance and Deribit said Thursday they had revoked API keys connected to crypto derivatives trading platform SignalPlus as a precaution following a security breach. Both exchanges said their own systems were unaffected, while Deribit warned that trading, monitoring and automation through SignalPlus had stopped working for its customers.

Binance co-founder Yi He also urged third-party platforms integrated with the exchange to review their security controls and monitor for suspicious activity, warning that the threat extended beyond any single company.

SignalPlus provides trading infrastructure for crypto derivatives, particularly options, allowing professional and institutional traders to manage positions across multiple exchanges through a single platform.

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US regulators reportedly contacted banks following last week’s $6.3 billion Binance security hack, while experts raised concerns about transaction security and crypto risks.

US regulators reportedly contacted banks following last week’s $6.3 billion Binance hack, as cybersecurity experts raised concerns about how financial institutions handle crypto-related security risks.

Officials from the Federal Reserve and Office of the Comptroller of the Currency (OCC) began contacting banks on Monday to ask about “unusual activity” or service disruptions, Reuters reported Thursday, citing people familiar with the matter.&

The reported inquiries could be followed by closer attention to how banks manage crypto-related risks, including custody, counterparty exposure and incident response, according to Stefan Muehlbauer, head of US government affairs at CertiK.

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The new share class offers blockchain-based exposure to an index tracking 600 companies across European markets.

Amundi, Europe’s largest fund manager by assets, has launched a tokenized share class of its STOXX Europe 600 equity index fund on Ethereum, expanding its blockchain-based investment offerings beyond money market funds.

The new share class was issued on Ethereum in collaboration with CACEIS, a European asset-servicing company that provided the tokenization infrastructure. The fund will continue to be available through traditional investment channels, Amundi said in a Thursday announcement.

The fund tracks the STOXX Europe 600 Index, which covers 600 large-, mid- and small-cap companies across developed European markets. Amundi said it plans to develop a broader range of tokenized funds for institutional clients and digital platforms, citing potential improvements in accessibility, settlement speed and operational efficiency.

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Santiago Peña stepped down amid mounting scrutiny over his former ties to Ueno Bank’s parent company, as the lender’s collapse left millions of customers unable to access their funds.

Update (Nov. 5, 21:21 UTC): This article has been updated to include comments from X4T founder and CEO David Eisenmann and Tether CEO Paolo Ardoino.

Paraguayan President Santiago Peña announced his resignation Thursday amid a deepening political crisis triggered by the collapse of digital lender Ueno Bank.

In a video posted to X, Peña said he was stepping down to preserve the country’s stability, social peace and democratic institutions. He added that his priority was protecting Paraguayans who had entrusted their savings to the financial system.

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Bitcoin saw sudden downside at the Wall Street open as stocks witnessed a snap sell-off, reversing post-election gains.

Bitcoin (BTC) fell below $76,000 on Thursday as risk assets abruptly reversed their US midterm elections rally.

Key points:

Data from TradingView showed BTC/USD shedding more than 6% to $75,463 on Bitstamp, its lowest levels since Sept. 16.

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Sunny Lu said AI agents would need identity and reputation systems, making the case while promoting agent-building platform VeWorld.ai.

AI agents could drive blockchain’s next adoption cycle by creating demand for systems to verify their identities and reputations, according to VeChain co-founder and CEO Sunny Lu.

Autonomous AI agents operating around the clock would require a “new accountability system” to build public trust, Lu said during Cointelegraph’s Chain Reaction show on Wednesday.

“The perfect solution is a blockchain,” he said.

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Decentralized AI networks want to turn everyday phones into an alternative to centralized computing infrastructure — but skeptics have their doubts.

The sprawling data centers that underpin the AI revolution have become about as popular as baby toys made from asbestos.

Campaigners around the world highlight the massive amounts of energy and water the infrastructure requires, while markets worry about the revenue required to pay back the $38 billion cost of building a single, one-gigawatt AI data center.

But is there another way to power the AI revolution that’s sitting in your pocket right now?

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The SkyBridge founder said disputes over ethics restrictions also stalled negotiations, with both sides responsible for the setback.

SkyBridge Capital founder Anthony Scaramucci blamed US President Donald Trump’s crypto business interests and memecoin launches for derailing the CLARITY Act, saying they cost the legislation Democratic support.

Speaking with Cointelegraph at SALT London, Scaramucci said the memecoin launches shortly before Trump’s January 2025 inauguration undermined bipartisan momentum for crypto regulation following the 2024 election.

“Singular reason,” Scaramucci told Cointelegraph when asked whether the memecoin activities were the sole reason the bill did not pass. He said Democrats who had become more receptive to crypto regulation withdrew their support following the launches.

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Thailand’s SEC filed a criminal complaint against Bitget’s operator, with access to its website and app set to be blocked from Dec. 5.

[Update Nov. 6, 6:35 am UTC: This article has been updated to include a statement from a Bitget spokesperson.]

Thailand’s securities regulator has filed a criminal complaint against BG Limited, the operator of cryptocurrency exchange Bitget, for allegedly operating without a license.

Thailand’s Securities and Exchange Commission (SEC) said Thursday that it had notified the Ministry of Digital Economy and Society to block access to Bitget from Dec. 5. The restriction will cover Bitget’s website, other associated domains and its mobile app.

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Bitcoin outperformed the S&P 500 in half of the past 90 US trading sessions, while historical midterm data highlights gains for stocks.

Bitcoin (BTC) has outperformed the S&P 500 in half of US trading sessions over Glassnode’s latest measurement period, ending a prolonged stretch of losing more sessions than it won.

Key points:

Data from onchain analytics platform Glassnode shows that Bitcoin outperformed the S&P 500 in 50% of Wall Street trading sessions over a rolling 90-session period.

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South Korea is seeking a fourth delay to its 22% crypto tax, months after reaffirming plans to begin taxing digital asset gains in January 2027.

South Korea’s government has backed postponing tax on cryptocurrency gains by another two years to 2029, in what would be the fourth delay to its implementation.

Finance Minister Lee Hyoung-il announced the proposal Thursday, saying the government would consult lawmakers on postponing the January 2027 implementation date.

The tax would impose a 22% levy, comprising a 20% income tax and 2% local tax, on annual crypto gains exceeding 2.5 million won ($1,860).

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Three adopted amendments, including stablecoin taxation and self-custody reporting, fall away but could be reintroduced in the Senate.

The French National Assembly rejected the 2027 state budget’s revenue section late Wednesday, removing crypto-related amendments from the version of the bill sent to the Senate.

The Assembly rejected the revenue section by a vote of 458–0 at first reading, with two abstentions, according to the official voting record. The revenue section covers government income, such as taxes.

After the rejection, the government will send the Senate the original budget text, without the crypto-related amendments adopted by lawmakers.

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Fidelity led Bitcoin ETF inflows, while BlackRock’s IBIT shed another $201 million, extending its outflow streak to four trading sessions.

US-listed spot Bitcoin and Ether exchange-traded funds (ETFs) snapped their outflow streaks on Wednesday as cryptocurrency markets rebounded following the US midterm elections.

Bitcoin (BTC) ETFs attracted $74.6 million on Wednesday, while Ether (ETH) funds added $53 million, according to SoSoValue data.

The turnaround ended three consecutive trading sessions of Bitcoin ETF outflows totaling $1.16 billion, while Ether ETFs snapped a seven-day outflow streak of $657 million.

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The bank said customer funds were unaffected after attackers accessed its systems through a service provider’s platform.

French banking group Crédit Mutuel Arkéa said nearly all operations resumed Wednesday after a cyberattack linked to a suspected theft from the bank’s own account.

The bank said operations resumed following security checks and additional safeguards. It said customer funds were unaffected and the disruption only delayed certain transfers.&

The bank also disclosed that attackers gained access through a service provider, not its online banking subsidiary Fortuneo. They transferred the bank’s money to other financial institutions, potentially allowing them to convert it into crypto.

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Polygon block producers have already frozen the stolen tokens, but a proposed hard fork would allow the funds to be recovered and returned to their owners.

Binance and Polymarket have proposed a Polygon network hard fork to recover approximately 70.49 million POL tokens, worth about $6.8 million, stolen in separate security incidents involving the two platforms.

According to a Wednesday governance proposal, the recovery would cover 23.86 million POL, worth $2.31 million across four addresses associated with the Polymarket hack and 46.63 million POL, worth about $4.51 million, held in one address linked to the Binance hack.& &

The proposed hard fork would remove the stolen tokens from the five attacker-controlled addresses and transfer them to verified recovery wallets designated by Polymarket and Binance. The process would take place at a predetermined block without changing POL’s total supply.&

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Democrats wasted little time after their midterm victory, warning tech CEOs to prepare for subpoenas and signaling fresh investigations into Trump’s business dealings.

Democratic lawmakers said Big Tech executives should expect a wave of subpoenas, along with investigations into US President Donald Trump’s business circle when the new Congress takes office in January.&

As Democrats secured control of Congress in a sweeping victory on Tuesday, Democratic lawmakers were already firing warning shots at the Trump family and tech executives close to the US president.&

“They are going to need to plant new forests for all of the subpoenas we’ll be printing,” said US Senator Ed Markey, who sits on the Senate Commerce Committee, referring to Big Tech executives.&

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India’s cybersecurity agency says a threat actor is escalating an AI-assisted hacking campaign targeting crypto exchanges and other financial firms.

India’s national cybersecurity agency warned that an AI-assisted threat actor has escalated its attacks on cryptocurrency exchanges and other financial businesses, stealing wallet keys and siphoning funds.

The Indian Computer Emergency Response Team (CERT-In) on Wednesday designated the threat actor as “CRAFTY FALCON,” in an update to a campaign it first warned about in October. The latest advisory has now explicitly identified crypto exchanges among affected businesses and detailed the use of AI attack tools.&

“The threat is active and ongoing. CSIRT-Fin continues to receive reports of successful attacks, including from NBFCs and fintech entities that had already received the earlier restricted advisories and had undertaken remediation,” said CERT-In.&

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Customers will initially be able to view their holdings, while withdrawals and trading remain suspended pending security checks.

Brazilian crypto exchange Mercado Bitcoin said it will begin restoring customer account access Monday after a hack that blockchain analysts estimated resulted in more than $46 million in stolen assets.

In a statement to Cointelegraph, Mercado Bitcoin said customers would initially regain access through its website to view balances, statements, holdings and investments. Transfers, withdrawals and trading will resume in later phases, subject to independent security testing.

Mercado Bitcoin also pledged to use company funds to replenish assets affected by the breach, saying more than $15 million in stolen funds had already been frozen with help from the industry.

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The crypto exchange’s founder warned of security staffing shortages amid restructuring as analysts flagged suspicious transfers potentially linked to the Mercado Bitcoin hack.

Cryptocurrency exchange BitMart is operating with an understaffed security team following restructuring, its founder said Wednesday, after confirming a new hack that may be linked to the recent attack on Brazil’s exchange Mercado Bitcoin.

In a post on X, BitMart founder Sheldon Xia said threats against employees and alleged retaliation by former staff had complicated efforts to retain technical personnel.

“It took considerable effort and individual conversations to persuade some key technical staff to remain and maintain our core systems,” Xia wrote. “However, we continue to face numerous attacks. Our security team is currently severely understaffed, but we are still doing everything we can to safeguard data and assets.”

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Crypto super PACs spent more than $176 million on the midterms, but the Democratic sweep raises the prospect of tougher industry scrutiny.

Two years after crypto money helped drive Sherrod Brown out of the Senate, roughly $64 million couldn’t keep him from returning.

Brown’s victory over Republican Jon Husted in Ohio delivered the industry its biggest electoral loss of the 2026 midterms as Democrats won control of both chambers of Congress. The sweep also puts Sen. Elizabeth Warren, one of crypto’s fiercest critics, in line to chair the Senate Banking Committee.

Crypto super PACs spent about $176 million across 100 seats during the election cycle, including primaries, according to Reuters, up from more than $130 million in 2024. Fairshake and its affiliated PACs accounted for $154.5 million across 89 races.

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From setting up an SMSF or a company, to just leaving the country entirely, here are some strategies Australian Bitcoiners can employ to deal with 2027’s massive CGT hike.

The Australian government’s decision to scrap the 50% capital gains discount for all investments in the May budget came as a big shock for crypto owners. The new scheme effectively doubles the taxable component of a gain, minus a small discount for inflation.

But there are legal ways to minimize the amount of CGT you’ll have to pay — if you start prepping now.

Some Aussie crypto holders are taking drastic measures — like Finder founder and crypto king Fred Schebesta who is relocating to Singapore which offers 0% CGT, stating the tax changes were a “killer blow.”

But there are less dramatic methods to reduce your CGT bills including setting up a self managed super fund (SMSF), a company to trade crypto at the company tax rate, or to just cross your fingers and hope the opposition will reverse the changes after the next election.

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From setting up an SMSF or a company, to just leaving the country entirely, here are some strategies Australian Bitcoiners can employ to deal with 2027’s massive CGT hike.

The Australian government’s decision to scrap the 50% capital gains discount for all investments in the May budget came as a big shock for crypto owners. The new scheme effectively doubles the taxable component of a gain, minus a small discount for inflation.

But there are legal ways to minimize the amount of CGT you’ll have to pay — if you start prepping now.

Some Aussie crypto holders are taking drastic measures — like Finder founder and crypto king Fred Schebesta who is relocating to Singapore which offers 0% CGT, stating the tax changes were a “killer blow.”

But there are less dramatic methods to reduce your CGT bills including setting up a self managed super fund (SMSF), a company to trade crypto at the company tax rate, or to just cross your fingers and hope the opposition will reverse the changes after the next election.

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The official Trump and World Liberty Financial tokens were the two biggest losers among the top 100 cryptocurrencies on Wednesday, even as Bitcoin and Ether rallied.

Two crypto tokens linked to US President Donald Trump led losses among the top 100 digital assets on Wednesday following the US midterm elections, raising questions about their future as the broader crypto market rallied.

Official Trump (TRUMP) fell 17% over 24 hours to $1.33, while World Liberty Financial (WLFI) dropped over 7% to $0.047, according to CoinMarketCap data from around 5:32 pm UTC. TRUMP is the president’s official memecoin, launched in January 2025, while WLFI is the governance token of World Liberty Financial, a Trump family-backed decentralized finance (DeFi) project launched in 2024.

The declines followed a wave of Democratic victories, including surprise wins in Texas, in Tuesday’s midterm elections, with the party winning control of both the House and Senate from Republicans.

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Bitcoin miner Riot sold BTC to finance its AI expansion, while Hut 8 reported falling revenue and rising costs before its major data center leases generate income.

Shares of Bitcoin miner Riot Platforms surged more than 13% Wednesday after the company announced a $28 billion AI data center lease, its largest agreement to date as it accelerates its expansion into artificial intelligence infrastructure.

The 15-year agreement covers 910 megawatts at its Corsicana, Texas, facility, bringing its total future contracted data center revenue to approximately $38 billion across three leases signed this year. The agreement represents a major step in Riot’s AI infrastructure strategy as it moves away from relying primarily on Bitcoin mining revenue.

“A year ago, our cash flow depended on the price of Bitcoin, and now, at full deployment of currently executed deals, nearly all of our expected cash flow will be generated from long-term leases with leading players in the AI ecosystem,” CEO Jason Les said during Wednesday’s earnings call.

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Circle is looking to payments fees and future staking rewards to diversify revenue as its core stablecoin business faces pressure from lower yields and growing competition.

Circle’s expansion beyond stablecoins supplied the biggest boost to its third-quarter earnings, as the company recognized $182 million in revenue from its ARC token presale, helping offset falling income from the reserves backing its flagship stablecoin, USDC.

The company reported diluted earnings per share of $0.84, up from $0.64 a year earlier and double analysts’ expectations of $0.42. Total revenue and reserve income rose 17% to $865 million. Without the ARC token sale, however, revenue would have fallen from a year earlier.

Circle shares were down 0.84% at $74.59 at 4:05 pm UTC on Nov. 4, according to Yahoo Finance.

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Bitcoin climbed toward $80,500 as risk assets rallied on Democrats’ midterm election gains and oil prices fell.

Bitcoin (BTC) returned to $80,000 at Wednesday’s Wall Street open as US stocks surged following a Democratic sweep in the midterm elections.

Key points:

Data from TradingView showed BTC/USD up by over 4%, having rebounded from its lowest levels in seven weeks.

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The amendment would require taxpayers to report holdings worth at least $112,000, but the measure still needs to survive the budget process.

The French National Assembly approved an amendment that would require taxpayers to report self-custodied crypto holdings totaling at least 100,000 euros ($112,000) to tax authorities.

Amendment I-2701 was adopted on Tuesday in a 150–44 vote, with eight abstentions, according to the Assembly’s official voting record. The threshold would be assessed on Dec. 31 of the relevant tax year.

Separately, the Assembly rejected an amendment that would have exempted gains on crypto payments for goods and services from tax if the payments totaled no more than 1,000 euros ($1,120) during the tax year. The proposal was defeated 69–14, according to the Assembly’s transcript.

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SEC staff’s no-action letter covers CC earned by running infrastructure and applications, but is not a binding ruling on its legal status.

Canton Network’s native cryptocurrency rose 4% on Wednesday after the US Securities and Exchange Commission’s (SEC) Division of Corporation Finance issued a no-action letter stating it views the token as a “digital commodity.”

Canton Coin (CC) traded at $0.098 at 10:27 am UTC, but was still down roughly 4.2% over the past week, according to CoinMarketCap.

Canton Network is a privacy-focused network that enables banks and financial institutions to tokenize assets, trade and settle transactions across different platforms.

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Zach Pandl highlighted institutional custody safeguards as crypto markets recovered some losses following the record $6.3 billion Binance hack.

Binance’s $6.3 billion hack could temporarily hurt confidence in crypto markets but would ultimately lead to stronger security practices across exchanges, according to Grayscale.

“It also underscores the importance of institutional custody, such as offered by US-based crypto [exchange-traded products],” said Grayscale’s head of research, Zach Pandl, in a Tuesday report.

“These vehicles hold their assets at state-chartered banks and qualified custodians, typically offering offline storage, multi-signature wallets, SOC attestations and insurance policies,” he added.

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Sun plans to refile his token-freeze lawsuit in California state court after the sanctions motion is resolved. A hearing is set for Dec. 10.

Tron founder Justin Sun is seeking $263,821.20 in sanctions against World Liberty Financial and its lawyers, accusing the Trump family-linked crypto company of submitting a misleading court disclosure about its ownership in a legal dispute over his $45 million WLFI token investment.

In a federal court filing, Sun and two co-plaintiffs alleged that World Liberty initially listed Florida as its sole citizenship before amending its disclosure nearly three months later to identify 22 individuals and entities in its ownership chain, including those in the United Arab Emirates.

“World Liberty presumably always knew who its owners were,” Sun said. “When we asked how this happened, World Liberty refused to tell us.”

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Bitwise’s André Dragosch attributed Bitcoin ETF outflows to weaker market sentiment, saying institutions have largely maintained their exposure.

US spot Bitcoin exchange-traded funds (ETFs) recorded more than $1 billion in net outflows over three trading days, but crypto asset manager Bitwise says the withdrawals do not signal a lasting retreat by institutional investors.

Investors pulled another $116 million from the funds on Tuesday, bringing net outflows since Friday to $1.16 billion, according to SoSoValue data.

“I do think it’s related to a short-term risk-off environment rather than a structural change in institutional sentiment,” Bitwise’s head of research, André Dragosch, told Cointelegraph.

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Democrats won control of Congress in the 2026 US midterms. Catch up on key races, crypto-backed candidates and the outlook for crypto regulation.

Democrats have won control of both chambers of the US Congress, reshaping the outlook for cryptocurrency legislation and giving the party greater power to scrutinize President Donald Trump’s crypto ventures during the final two years of his term.

Live coverage has ended. Read our updates on key congressional races, crypto-backed candidates and election-night reactions below. Results and race calls are based on Associated Press reporting. Entries appear in reverse chronological order.

Nov. 4 at 03:35 ET:

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The Binance attackers moved most of the stolen SOL and continued laundering funds through THORChain after the protocol resumed swaps.

The attackers behind the $6.3 billion Binance hack have moved about 81% of the stolen Solana (SOL) as they continue laundering assets through the cross-chain swap protocol THORChain.

Wallets grouped under the Binance hacker entity held 182,443 SOL (worth $16.9 million), or roughly 18.8% of the total 970,522 SOL stolen during the exploit, according to blockchain data platform Arkham.

Lookonchain reported on Wednesday that the attackers split SOL across multiple wallets, selling it for USDC, bridging to Ethereum to buy Ether, and ultimately swapping ETH for Bitcoin (BTC) via THORChain.

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Follow live coverage of the 2026 US midterm elections, including key congressional races, crypto-backed candidates and what the results could mean for digital asset regulation.

The crypto industry is beginning to learn whether President Donald Trump’s Republican Party has managed to retain control of the US Congress, determining his ability to advance his legislative agenda during the final two years of his term.

Follow the latest developments in congressional races attracting crypto industry spending, election results and reactions from prediction markets. Cointelegraph is using live election results data and race calls from the Associated Press. Updates appear in reverse chronological order.

Nov. 4 at 03:35 ET:

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Democrats will take control of House committees in January 2027, giving them power to investigate President Donald Trump’s administration.

Update (Nov. 4, 2026, 11:24 am UTC): This article has been updated to include comments from CertiK’s Stefan Muehlbauer on the election results and the outlook for US crypto legislation.

Democrats have won control of both chambers of the US Congress in the midterm elections, giving the party greater influence over legislation and oversight of President Donald Trump’s administration.

The party won House seats in districts where Trump beat his Democratic opponent by as much as 18 percentage points in 2024. Democrats also flipped at least seven Senate seats in Kansas, Iowa, Texas, Ohio, Maine, North Carolina and South Carolina, according to the Associated Press.

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Bitcoin price downside reached a seven-week-low of $75,618 as 24-hour crypto long liquidations neared $300 million.

Bitcoin (BTC) sought to erase 3% overnight losses on Wednesday as crypto markets digested the Democratic sweep of the midterm elections.

Key points:

Data from TradingView showed BTC/USD falling into Tuesday’s daily close as election results came in, with Democrats going on to win control of both the House and Senate. The pair dropped to a low of $75,618 on Bitstamp, a level last seen on Sept. 16, before rebounding as high as $78,039 over the next three hours.

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Follow live coverage of the 2026 US midterm elections, including key congressional races, crypto-backed candidates and what the results could mean for digital asset regulation.

The crypto industry is beginning to learn whether President Donald Trump’s Republican Party has managed to retain control of the US Congress, determining his ability to advance his legislative agenda during the final two years of his term.

Follow the latest developments in congressional races attracting crypto industry spending, election results and reactions from prediction markets. Cointelegraph is using live election results data and race calls from the Associated Press. Updates appear in reverse chronological order.

Nov. 4 at 01:02 ET:

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Ethereum researcher Justin Drake said it is their “hope” that Ethereum will achieve its post-quantum and post-AI transition by December 2028.

Ethereum Foundation researcher Justin Drake is targeting December 2028 to complete Ethereum’s post-quantum and post-AI transition, a year earlier than the foundation’s previously announced quantum-resistance deadline.

Speaking at Devcon 8 in Mumbai on Tuesday, Drake outlined the accelerated timeline. “Our hope is that by December 2028 we’ll be able to wrap up the full post-quantum and post-AI transition,” Drake said, adding that developers have 24 months to deliver three additional network upgrades.

The Ethereum Foundation’s September roadmap established December 2029 as its deadline for achieving quantum resistance across Ethereum’s execution, consensus and data layers.

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The shift in Senate control could change the path for the CLARITY Act, reshape committee leadership and bring closer scrutiny of Trump’s crypto businesses.

Democrats have won control of the US Senate after flipping Republican-held seats in Texas, Ohio, North Carolina, South Carolina, Kansas and Iowa, according to the Associated Press.

The majority was secured after Democrat Senator Josh Turek won the Senate race for Iowa, bringing Democrats and independents who caucus with them to 51 seats.

The result reshapes the outlook for the stalled CLARITY Act and determines which lawmakers lead committees overseeing the industry.&

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The French bank has not confirmed its alleged involvement in the crypto theft, which ZachXBT said could have resulted in losses exceeding $133 million.

Onchain investigator ZachXBT has identified French banking group Crédit Mutuel Arkéa as the alleged victim of a crypto theft exceeding $133 million, warning that total losses could be higher.&

On Wednesday, the pseudonymous crypto sleuth said the institution, which he described as having $235 billion in assets, was allegedly exploited over multiple days. He also suggested that additional losses may have occurred through over-the-counter (OTC) transactions that were not included in earlier estimates.&

“I suspect the amount stolen is larger when accounting for OTC activity,” ZachXBT said.

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Follow live coverage of the 2026 US midterm elections, including key congressional races, crypto-backed candidates and what the results could mean for digital asset regulation.

Within the next few hours, we will begin to learn whether President Donald Trump’s Republican Party has managed to retain control of the US Congress, determining his ability to advance his legislative agenda during the final two years of his term.

Follow the latest developments in congressional races attracting crypto industry spending, election results and reactions from prediction markets. Cointelegraph is using live election results data from the Associated Press. Updates appear in reverse chronological order.

Nov. 3 at 10:02 ET:

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Crypto executives expect US regulators to drive crypto policymaking regardless of the midterm election outcome.

With voting underway in the US midterm elections and control of Congress at stake, Maylea Ma, deputy general counsel at 1inch, said she expects federal agencies to drive the next phase of crypto regulation.

The election could reshape the path forward for the stalled CLARITY Act, but Ma said “real movement” in US digital-asset regulation over the next few years will come from the US Securities and Exchange Commission, Commodity Futures Trading Commission and Treasury, rather than Congress.

Ma said those agencies were increasingly engaging with crypto projects. However, agency engagement does not provide the stability the industry had hoped to secure through legislation.

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Follow live coverage of the 2026 US midterm elections, including key congressional races, crypto-backed candidates and what the results could mean for digital asset regulation.

Within the next few hours, we will begin to learn whether President Donald Trump’s Republican Party has managed to retain control of the US Congress, determining his ability to advance his legislative agenda during the final two years of his term.

Follow the latest developments in congressional races attracting crypto industry spending, election results and reactions from prediction markets. Cointelegraph is using live election results data from the Associated Press. Updates appear in reverse chronological order.

Nov. 3 at 19:05 ET:

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THORChain has restored trading on Bitcoin, Ethereum and several other networks following a refund bug, while three chains remain paused.

THORChain’s RUNE token rose about 15% over the past 24 hours as the cross-chain swap protocol restored trading on most networks following a weekend halt triggered by an Ethereum block reorganization.

THORChain (RUNE) was trading at around $0.64 on Wednesday, up approximately 15% over the previous day, according to CoinMarketCap.

THORChain’s network status page showed trading and transaction signing marked “OK” on 10 of its 13 listed external networks. BNB Smart Chain, Cosmos Hub and Solana continued to show warnings for both functions.

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SpaceX joined several other issuers objecting to OKXICE tokenized trading, months after crypto platforms offered tokens tied to its shares.

Just months after tokenized versions of SpaceX shares became one of the biggest drivers of onchain stock trading, the aerospace company is pushing back against plans to bring similar trading to US investors.

According to a Nov. 2 public notice from OKXICE, SpaceX has objected to the proposed listing of tokenized versions of its shares on the trading venue, a joint venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE). The company now joins Tesla and Amazon among 56 companies objecting to the proposed listings.

Under the Securities and Exchange Commission’s five-year Innovation Exemption introduced in September, platforms such as OKXICE can offer trading in tokenized versions of US stocks without registering as national securities exchanges. But the framework also gives companies a say in the process: They have 30 days to object to the proposed trading of their shares tokenized by third parties, effectively keeping those tokens off the venue.

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US regulators are opening the door to stock-based perpetual futures, extending a popular crypto trading product into traditional markets amid ongoing legal disputes.

Perpetual futures contracts tied to individual stocks can begin trading on regulated US exchanges for the first time, according to the Commodity Futures Trading Commission (CFTC), extending a derivatives product popularized in cryptocurrency markets into traditional equities.

CFTC Chairman Michael Selig said in a Tuesday statement that the contracts were deemed approved under CFTC Regulation 40.3 and could be offered on exchanges registered with both the CFTC and Securities and Exchange Commission (SEC) to trade security futures products.

Selig said bringing the products into regulated US markets would allow American traders to access perpetual futures under US regulatory safeguards rather than being “forced to turn to offshore, and often unregulated, venues.”

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Kalshi and Polymarket price a 75% chance of a Democratic sweep, days after markets misjudged Brazil’s runoff.

Update (Nov. 3 at 10:32 p.m. UTC): This article has been updated to include comments from Talos.

As Americans across the country head to the polls for the US midterm elections Tuesday, prediction market traders have spent months wagering on the outcome. According to an analysis by The Washington Post, nearly $1.9 billion in election-related contracts had traded on Kalshi and Polymarket as of Monday, marking record trading activity for a midterm election cycle.

Markets on both platforms favor Democrats winning control of Congress, with a Democratic sweep priced at 75% on Kalshi and 75.5% on Polymarket as of 4:30 pm UTC. Kalshi traders gave Democrats a 93% chance of taking the House and a 75% chance of winning the Senate, while Polymarket priced those outcomes at 94.5% and 75.5%, respectively.

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Markus Thielen sees Bitcoin reaching $90,000 by year-end, questions institutional ETF demand and says Ethereum must do more for holders.

Bitcoin’s days of consecutive double-digit price surges are over as Wall Street traders and profit-taking whales reshape the market, according to 10x Research founder Markus Thielen.

Institutional traders selling call options after rallies have made Bitcoin’s violent price explosions of earlier years less common, Thielen says in the latest episode of Cointelegraph’s Trade Secrets.

Thielen is also the author of Crypto Titans, a history of the industry. Writing the book led him to notice how each cycle brought different people pitching crypto to investors.

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Hackers exploited compromised employee computers and stolen credentials to breach Binance’s wallet infrastructure, according to the exchange’s investigation.

A coding assignment from a prospective employer seemed like an ordinary part of a job interview. Instead, it was one step in a months-long cyberattack that ended with $6.3 billion stolen from Binance, raising questions about how exchanges protect themselves against threats that target their employees.

The attack was part of a coordinated campaign that exploited both human vulnerabilities and internal security systems, according to a postmortem released by Binance on Tuesday. The exchange’s findings detailed how hackers gradually gained access to its wallet infrastructure before the Oct. 29 theft.

According to Binance’s security report, the attack campaign began in June, when an engineer downloaded a tampered software package while setting up an AI coding tool. Although Binance detected the malware and replaced the affected device, the attackers had already gathered information about the exchange’s wallet team.

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Bitcoin made modest gains at the start of Wall Street trading on Tuesday as markets awaited cues from the US midterm elections.

Bitcoin (BTC) headed higher at Tuesday’s Wall Street open as a tech-stock rebound under the shadow of uncertainty surrounding the US midterm elections.

Key points:

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Crypto groups spent about $176 million ahead of the US midterms, with control of Congress and the future of crypto legislation at stake.

US voters head to the polls in midterm elections on Tuesday that could shift control of Congress and shape the future of cryptocurrency regulation.

Crypto industry groups have spent roughly $176 million across more than 100 races this election cycle, according to an Oct. 27 Reuters report.

Coinbase, Ripple and Andreessen Horowitz are among the main financiers of the Fairshake political network.&

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Moscow Exchange plans to launch crypto trading on Dec. 1 under Russia’s new law, with annual purchase limits for non-qualified investors.

Moscow Exchange plans to launch trading in Bitcoin, Ether and Tether’s USDT on Dec. 1, opening what it describes as Russia’s first organized digital currency market.

The exchange said Monday that pilot trades would begin as participants join the platform. Trades will use its existing stock-market infrastructure and be cleared through the National Clearing Center (NCC), with trading hours from 6:50 am to 11:50 pm Moscow time.&

The venue will initially support same-day and next-day settlement, as well as swap transactions. Non-qualified investors must pass a test before purchasing crypto and will be limited to purchases of 300,000 rubles (about $3,700) annually per broker, according to the exchange.

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The proposed issuance cut would prevent 11.8 million NEAR from entering circulation over two years, worth about $45 million at today’s price.

Near Protocol’s NEAR token fell by roughly 7% on Tuesday, despite community approval of a proposal to gradually reduce the maximum annual issuance rate from 2.5% to 1.6% over 24 months.

NEAR traded at $3.82 as of 11:06 am UTC, extending its weekly decline to roughly 13%, according to CoinMarketCap.

The latest drop followed Monday’s approval of HSP-029, which received support from 99.9% of participating voting power. About 3.28 million vote-escrowed NEAR (veNEAR) tokens were cast in favor, according to the NEAR House of Stake governance platform.

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Binance led exchanges in 24-hour net inflows, reversing Monday’s heavy outflows as it restored access to funds after its $6.3 billion hack.

Binance recorded $2.3 billion in net inflows over the past 24 hours as it expanded withdrawals following last week’s $6.3 billion hack.

The exchange led centralized exchanges tracked by DefiLlama in 24-hour net inflows. Bitfinex recorded about $280 million and Bitget about $127 million over the same period.

“By 03:00 UTC, we are seeing hourly deposits exceed withdrawals, reflecting improving user activity and stabilizing flows,” Binance said Tuesday on X.

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The National Assembly postponed the vote on the budget’s revenue section for the second time, while the Nov. 17 deadline for the first reading examination nears.

The French National Assembly will continue debating the revenue section of the 2027 state budget on Tuesday instead of holding a planned vote.

According to the Assembly’s end-of-session notice following Monday’s sitting, Tuesday’s agenda includes questions to the government and continued debate on the budget’s revenue section with 758 amendments still pending examination.

This marks the vote’s second delay, after the original Oct. 20 vote was postponed with more than 2,000 amendments awaiting debate, according to French newspaper Le Monde.

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Bitcoin fell below the realized price of the one-to-three-month-old buyer cohort in a move that risked flipping it to new resistance.

Bitcoin (BTC) risks turning $77,700 into new resistance as recent buyers fall into an aggregate loss, analysis warns.

Key points:

Data from onchain analytics platform CryptoQuant shows that BTC/USD is now trading below the realized price, or cost basis, of investors who entered the market between one and three months ago.&

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ARK Invest added Coinbase and Circle shares across two trading sessions while selling about $8 million in Bullish as crypto stocks declined.

Cathie Wood’s ARK Invest is buying Coinbase and Circle shares as crypto stocks fall, while cutting its stake in crypto exchange operator Bullish.

ARK purchased crypto exchange Coinbase (COIN) shares worth an estimated $9 million and stablecoin issuer Circle (CRCL) shares worth $8 million on Friday and Monday, according to its daily trade disclosures and closing prices from Yahoo Finance.

The purchases totaled 64,208 Coinbase shares and 110,551 Circle shares across three of ARK’s exchange-traded funds (ETFs), which also sold 342,545 shares of Bullish (BLSH) worth approximately $8 million.

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ZachXBT identified another $27 million in exchange withdrawals, some of which occurred after he first flagged the suspected crypto theft.

Blockchain investigator ZachXBT has raised his estimate of a suspected crypto theft from an unidentified European Union entity to more than $133 million.

On Tuesday, ZachXBT said he identified another $27 million in withdrawals from centralized exchanges, increasing the suspected losses from the $106 million he initially reported on Monday. He said some withdrawals occurred after his primary disclosure.

“My working theory is a large financial institution in Western Europe was exploited and it’s currently being covered up,” ZachXBT said Tuesday on his Telegram channel.

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Crypto.com also took steps to block funds tied to the suspected theft, while Kraken said its systems and customer accounts were not compromised.

Update (Nov. 3, 2026, 11:51 am UTC): This article has been updated with a revised headline and responses from Kraken, OKX and Crypto.com.

Kraken has restricted accounts linked to a suspected crypto theft of more than $133 million from an unidentified European Union entity and is working with law enforcement to support recovery efforts.

“This incident did not originate on the Kraken platform, and we’re actively investigating reports that some of the assets were subsequently moved through accounts on our platform,” Kraken told Cointelegraph. “We’ve restricted the accounts in question and are working with law enforcement to support recovery efforts.”

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Crypto.com also took steps to block funds tied to the suspected theft, while Kraken said its systems and customer accounts were not compromised.

Update (Nov. 4, 2026, 8:20 am UTC): This article has been updated to include comments from Kyrrex.

Update (Nov. 3, 2026, 8:08 pm UTC): The headline has been clarified to specify that Kraken’s account restrictions relate to accounts linked to the suspected theft. Kraken says its systems and customer accounts were not compromised.

Update (Nov. 3, 2026, 11:51 am UTC): This article has been updated with a revised headline and responses from Kraken, OKX and Crypto.com.

Kraken has restricted accounts linked to a suspected crypto theft of more than $133 million from an unidentified European Union entity and is working with law enforcement to support recovery efforts.

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BlackRock’s Bitcoin ETF shed $405.3 million on Monday as US spot Bitcoin funds opened November with nearly $399 million in net outflows.

BlackRock’s iShares Bitcoin Trust (IBIT) recorded its largest daily outflow since June on Monday as US-listed spot Bitcoin exchange-traded funds (ETFs) kicked off November with further withdrawals.

The funds recorded $398.6 million in net outflows, led by $405.3 million from IBIT, according to Farside Investors data.

IBIT’s outflow was its largest since June 26, when investors pulled $444.5 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) attracted $6.7 million on Monday, partially offsetting the outflows.

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Crypto.com will discontinue its consumer app services in Hong Kong in February next year.

Update (Nov. 3, 2026, 11:10 am UTC): This article has been updated to include comments from a Crypto.com spokesperson.

Crypto.com will discontinue its consumer app services in Hong Kong on Feb. 1, 2027, while continuing to pursue regulatory approval for its institutional exchange.

On Tuesday, a Crypto.com spokesperson told Cointelegraph that the company would discontinue its consumer app services in Hong Kong. The spokesperson said all affected customers had received advance notice and would receive instructions on closing their accounts and support to withdraw their funds.&

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The Reserve Bank of Australia raised its benchmark rate to 4.85% on rising technology costs from AI investment and higher energy prices.

Australia’s central bank raised its interest rate by 25 basis points to 4.85% on Tuesday, warning that inflation would stay elevated through much of 2027 as energy costs and AI-related investment added to price pressures.

The Reserve Bank of Australia’s monetary policy board voted 6–3 for the increase, with three members preferring to hold rates at 4.60%.

The bank pushed back its forecast for inflation to return to the top of its 2% to 3% target range until late 2027, around three quarters later than previously expected.

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The warning comes as UK cyber officials also flag growing threats from state-backed hackers targeting government officials and politicians.

AI-powered malware is highly likely to be used in a ransomware attack targeting UK critical national infrastructure by 2028, the country’s National Cyber Security Centre has warned.&

The assessment, published in the NCSC’s Annual Review 2026, says artificial intelligence will increase the scale and efficiency of ransomware operations, social engineering and vulnerability exploitation.

“It is also highly likely that between now and 2028, AI-powered malware will have been used in a ransomware attack on UK CNI,” the report states.

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The exchange says additional assets will become available for withdrawal from 04:00 UTC on Tuesday as security checks are completed, following an initial reopening on Sunday.

Binance plans to begin a second phase of cryptocurrency withdrawals on Tuesday, as data shows withdrawal volumes have started to stabilize following last week’s $6.3 billion hack.

Withdrawals for additional assets are scheduled to resume progressively from 04:00 UTC on Tuesday, according to Binance’s latest recovery notice. The rollout follows an initial reopening on Nov. 1.

“Like phase one, reopening will roll out progressively across the assets as security and readiness checks are completed,” said Binance.

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South Korean crypto exchanges are already required to hold at least 80% of customer crypto in cold wallets, but the regulator is urging more.

South Korea’s Financial Services Commission has urged domestic crypto exchanges to increase the proportion of assets held in cold wallets after the $6.3 billion attack on Binance last week.&

In a statement Monday, the FSC said it held an emergency meeting with the Financial Supervisory Service, the Financial Security Institute, the Digital Asset eXchange Alliance (DAXA) and major crypto service providers to review the impact of the Binance hack on South Korea’s crypto market and review exchanges’ security measures.&

The FSC said it reviewed exchanges’ IT access controls, wallet withdrawal approval and signing procedures, and administrator privileges. It also urged providers to increase the proportion of assets held in offline cold wallets.

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Pyongyang has pushed back against the FBI’s attribution of the Binance attack, with Kim Yo Jong calling the US allegations politically motivated.

Kim Yo Jong, the sister of North Korean leader Kim Jong Un, denied North Korea’s involvement in the $6.3 billion Binance hack and appeared to suggest, without evidence, that the US could have been behind the theft.

In a statement released via the& Korean Central News Agency& (KCNA) on Tuesday, Kim rejected the FBI’s attribution of the attack to a North Korean-backed hacking group.

“The FBI is trying to brand the DPRK as a ‘cyber criminal state’, claiming that it obtained information that a hacking organization ‘supported’ by the DPRK was involved in the incident,” said Kim. “But the US assertion is an absurd rhetoric and nothing new.”

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New Jersey lifted its staking ban and dropped a $5 million penalty, clearing the way for Coinbase to restore staking access for users in the US state.

Update (Nov. 3 at 5:33 p.m. UTC): This article has been updated to include comments from Coinbase general counsel Molly Abraham.

New Jersey’s securities regulator has rescinded its 2023 cease-and-desist order against Coinbase’s staking service, lifting a ban that stopped residents staking new funds on the exchange for over three years.

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The Swan Bitcoin founder warned that hackers are using large language models to exploit security flaws with just a few prompts.

Artificial intelligence poses a more immediate threat to Bitcoin security than quantum computing, according to Swan Bitcoin founder Cory Klippsten, who warned that hackers are increasingly using AI to exploit vulnerabilities as crypto exchanges face a string of security breaches.

Speaking on Cointelegraph’s Chain Reaction, Klippsten dismissed much of the concern surrounding quantum computing as speculative, arguing that advances in large language models present a more pressing challenge as attackers use the technology to probe security weaknesses.

The warning comes as Brazil’s Mercado Bitcoin suspended deposits and withdrawals on Monday following a security incident, with researchers estimating that more than $46 million had left its wallets. Just days earlier, exchange Binance lost $6.3 billion in an Oct. 29 hack that the Federal Bureau of Investigation (FBI) attributed to North Korean hackers.

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A European entity may have lost $106 million from exchange accounts, while a wallet associated with a Solana arbitrage bot may have lost another $786,000.

An unidentified entity in the European Union may have lost more than $106 million from accounts at multiple cryptocurrency exchanges on Sunday, according to blockchain investigator ZachXBT.

In a Monday post, ZachXBT said funds suspected to have been stolen were withdrawn in USDC and USDT before being moved through several cryptocurrencies and blockchains.

The suspected attacker swapped USDC for Ether (ETH), used instant exchange services including WellWallet and Kyrrex, and converted funds into Monero (XMR) through the swap service Wagyu.

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Slowing trading activity and fallout from the Binance hack are clouding Coinbase’s revenue prospects, prompting Morgan Stanley to lower its rating on the stock.

Investment bank Morgan Stanley turned bearish on Coinbase (COIN) on Monday, cutting its price target by more than half as it warned that the cryptocurrency exchange’s profits could recover more slowly than expected.

Analyst Michael Cyprys lowered the stock’s price target from $258 to $120, a cut of about 53%, citing recent trading trends, a softer revenue outlook and uncertainty in the crypto market following Binance’s $6.3 billion hack, according to a Monday report.

The bank still sees Coinbase as one of the strongest competitors in crypto but expects profits to recover more slowly than previously forecast, putting further pressure on its share price.

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Bitcoin fell around 1.7% on Monday as stocks pared early gains fueled by hopes of a diplomatic resolution to the US-Iran war.

Bitcoin (BTC) returned below $77,000 after Monday’s Wall Street open as crypto shrugged off hopes of a US-Iran peace deal.

Key points:

Data from TradingView showed BTC/USD extending daily losses to 1.7% after reaching a local high of $78,750 after Sunday’s weekly close.

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Brazil’s exchange Mercado Bitcoin paused deposits and withdrawals after a security breach, saying customer funds and data were safe.

Mercado Bitcoin, one of Brazil’s largest Bitcoin exchange, has confirmed a security incident that saw over $46 million worth of cryptocurrency drained from wallets on Monday. Despite the company’s announcement that deposits and withdrawals had been suspended, addresses associated with the incident continued to receive funds for hours afterward.

Security firms have stated the hack was carried out through standard transfers, rather than a smart contract exploit.&

Senior security engineer at Certik, Dickson Wu published an initial post mortem of the incident,& stating that the attackers “picked at eight small chains for four hours,” including Base, Optimism and Arbitrum. The attack then moved to the company’s main hot wallets before transferring tiny amounts of Ether (ETH) from 27,160 different addresses.

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The former mobile games company is building out its fund management business in Abu Dhabi as it targets institutional demand for stablecoins and tokenized assets.

Animoca Brands said Monday it had secured approval to manage investment funds for non-retail clients in Abu Dhabi, expanding the asset management business of a company that began in mobile games before moving into blockchain gaming and venture investing.

The authorization, granted to subsidiary Animoca Asset Management (AD) Limited by Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA), allows it to oversee funds that pool money from professional investors rather than the general public.

The approval announced Monday took effect on Oct. 13, bringing a process that began with in-principle approval in November 2025 to completion. In the intervening months, Animoca also secured a Dubai license in February to provide virtual asset brokerage and investment management services to institutional and qualified investors.

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Strategy spent $208.2 million buying back STRC preferred shares and $65.5 million on Bitcoin, while allocating $98.5 million to its USD Cash balance.

Michael Saylor’s Strategy spent more than three times as much buying back its STRC preferred shares as it did acquiring Bitcoin last week.

Strategy repurchased $208.2 million in STRC and spent about $65.5 million buying 811 Bitcoin (BTC) at an average price of $80,846, according to a Monday 8-K filing with the Securities and Exchange Commission.

Strategy sold about 1.18 million MSTR shares for net proceeds of $164 million. About $65.5 million funded its Bitcoin acquisition, while the remaining $98.5 million was allocated to the company’s USD Cash balance, according to the filing. The company held $132.7 million in USD Cash and $4.79 billion in its separate US dollar reserve as of Sunday.

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Who better to judge a dispute between AI agents than a jury of different AI models? That’s the idea behind GenLayer, which is already issuing thousands of judgements each day.

The world is headed towards a future in which AI agents will trade stocks and crypto, shop for your family, and much more.& But what happens when a bot misinterprets an instruction to buy $10K of “blue chip stocks” and instead buys $10K of Bluebird-brand frozen chips?

Low-level agent disputes like this aren’t suited to the expensive and time-consuming existing legal system. Enter Internet Court, a new protocol that enables agents and humans to enter into contracts, with funds kept in escrow until the terms are judged to have been met.

The dispute resolution mechanism baked into the process employs GenLayer, an open, delegated proof-of-stake network of validators hooked up to AI models.

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Binance’s SAFU Bitcoin wallet now holds about 7,500 BTC after a 7,499 BTC transfer linked to the hack, with no timeline for restoring the $1 billion fund.

Binance’s publicly disclosed emergency Bitcoin wallet held roughly half its previous balance on Monday after the exchange tapped its user protection fund to cover losses from Thursday’s $6.3 billion hack.

The exchange confirmed a transfer of 7,499 Bitcoin (BTC) on Saturday, linking it to the partial deployment of its Secure Asset Fund for Users (SAFU).

As of Monday, the wallet held about 7,500 BTC, worth $583 million, down from about 15,000 BTC before the transfer.

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The watchdog has not named the jurisdictions under review. Initial findings on compliance with its crypto standards are due in June 2027.

Update (Nov. 3, 2026, 7:35 am UTC): This article has been updated to include comments from an FATF spokesperson and additional details from its July 2026 report.

The Financial Action Task Force (FATF) is launching a targeted review of jurisdictions with significant crypto activity to address gaps in how governments apply global anti-money laundering standards.

On Friday, the FATF, an intergovernmental body that sets global standards to combat money laundering, announced that the review would focus primarily on jurisdictions with “materially important” virtual asset service provider (VASP) activity, taking their existing assessment status into account.

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Crypto exchange Gate said it froze two linked accounts as US investigators urged platforms to block transactions tied to the $6.3 billion theft.

The hackers behind Binance’s $6.3 billion theft have begun converting stolen Solana tokens into Bitcoin after largely emptying the wallets used to launder funds on Tron, according to blockchain investigators.

Lookonchain reported Sunday that the hackers had moved 486,970 Solana (SOL) tokens, worth about $46.4 million, and were swapping them for Bitcoin (BTC) through Relay.

The activity involves funds that escaped the freezes imposed after Thursday’s theft, the largest in cryptocurrency history. Industry partners, including Tether and Circle, froze about $3 billion in stolen assets, while investigator SomaXBT estimated the attackers still controlled about $3.5 billion.

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Bitcoin lost 7.3% in October 2026 after another decline the previous year, despite the month’s historically strong returns, as analysts reassess seasonal signals.

Bitcoin’s back-to-back October losses have put its “Uptober” reputation under the microscope as analysts weigh seasonal trends against institutional demand and economic conditions.

Bitcoin fell 7.3% in October 2026, following a roughly 4% decline a year earlier, according to CoinGlass data.

The losses defied October’s historically bullish reputation, which earned it the nickname “Uptober.” This year, industry figures turned to darker labels, including “Black October” and “Hacktober,” amid a wave of crypto security incidents, including Binance’s record-breaking $6.3 billion hack.

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Trezor cited July’s Coldcard attacks, in which strong passphrases helped protect some users whose wallet recovery information was compromised.

Hardware wallet maker Trezor has increased the maximum length of optional wallet passphrases from 50 to 128 characters.&

On Sunday, Trezor said the change is available in its Trezor Suite with updated device firmware. Older firmware still limits passphrases to 50 characters.&

According to Trezor, a passphrase acts like an additional password that users set alongside their wallet’s recovery phrase. An attacker who obtains the recovery phrase would still need the correct passphrase to access funds in that wallet.

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The HKMA plans to bring regulated stablecoins into tokenized government debt trials, while HSBC says its RedCoin stablecoin has reached 50,000 users.

Hong Kong has expanded its Project Ensemble pilot to allow round-the-clock settlement of tokenized transactions, as the city’s monetary regulator prepares to bring regulated stablecoins into trials involving tokenized government debt.

On Monday, the Hong Kong Monetary Authority (HKMA) said that it had advanced its EnsembleTX project to a new stage allowing 24/7 real-value transactions. The HKMA said the update would help banks and their clients move funds globally, manage tokenized investments and handle treasury operations outside conventional settlement hours.

Participating banks initially settled payments through Hong Kong’s existing dollar settlement system, which limited settlement hours. When the pilot began real-value trials in November 2025, the HKMA said it planned to introduce tokenized central bank money to allow settlement around the clock.

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Bitcoin price action held its 100-day moving average into the monthly close as crypto markets braced for US midterm election and tech earnings volatility.

Bitcoin (BTC) held above its 100-day moving average on Monday ahead of US midterm elections, jobs data and earnings from Apple and Palantir.

Key points:

Tuesday’s US midterm elections will determine control of Congress, with prediction market traders heavily favoring a Democratic victory in the House of Representatives.

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OKX led cryptocurrency exchanges with $445 million in daily inflows, while Binance processed about $7 billion in net outflows.

OKX recorded about $445 million in 24-hour net inflows, the largest among tracked crypto exchanges, while Binance continued to register outflows after reopening withdrawals following its $6.3 billion hack.

Crypto exchange Bybit was in second place with $112 million in net inflows, followed by Gate with $91 million and Bitget with $54 million in 24-hour net inflows, according to DefiLlama.

Binance recorded the biggest net outflows among tracked exchanges, with more than $7 billion, up from $5.8 billion earlier Monday. Binance said it began restoring withdrawals in phases at 6:00 a.m. UTC on Sunday.

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US spot Bitcoin ETFs ended October with $515 million in net withdrawals, while Ether funds posted a record $1.61 billion in monthly outflows.

Investors pulled $643 million from US-listed spot Bitcoin exchange-traded funds (ETFs) on Friday, pushing October’s net flows into negative territory as crypto markets faced volatility following Binance’s $6.3 billion hack.

Friday’s withdrawals snapped four consecutive days of inflows, leaving the funds with $515 million in net outflows for October, their first negative month since June, according to SoSoValue. The funds still attracted approximately $361 million in net inflows for the year through October.

BlackRock’s iShares Bitcoin Trust (IBIT) led Friday’s outflows with $234 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $201 million, according to Farside Investors data.

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BTCPay Server urged operators to shut down their servers after receiving reports of unauthorized attackers draining funds from hot wallets.

Update (Nov. 3, 2026, 7:00 am UTC): This article has been updated to include comments from a BTCPay Server spokesperson and additional information from the project’s official security advisory.

Attackers have stolen Bitcoin and Litecoin from users running outdated BTCPay Server software, exploiting a security flaw the project fixed in August.

The Bitcoin payment platform said Monday that the thefts affected versions 2.4.1 and earlier. Users who installed the Aug. 7 fix before Sunday appeared unaffected, the project said.

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The central bank is surveying 31 financial institutions on how a major exchange shutdown, prolonged crypto downturn or losses at another firm could affect their operations.

The Bank of Korea has reportedly asked banks and brokerages about cryptocurrency-related risks, asking how they would be affected by a major exchange hack, a market crash or heavy losses at another financial institution.

The central bank began surveying 18 banks and 13 brokerages on Oct. 23 as part of its first reported review of financial institutions’ participation in the virtual asset market, according to The Herald Business and Yonhap, citing financial industry sources.

The survey includes questions about each institution’s crypto-related staffing and budgets, business activities and reasons for entering the market, along with amounts invested in domestic and overseas crypto companies.

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THORChain node operators paused swaps involving assets on 10 networks, including Bitcoin, Ethereum, Solana and Tron.

THORChain halted swaps across multiple blockchains on Saturday after an Ethereum block reorganization exposed a refund bug, which may have inadvertently slowed the movement of funds stolen from Binance, according to Chainalysis.

According to THORChain, the incident began at 11:34 UTC on Saturday, when a one-block reorganization on Ethereum removed a 10 ETH deposit that THORChain had already credited. When the swap failed to meet its price limit, THORChain issued a refund against funds the vault had never received. The sender’s actual deposit was also refunded, resulting in an extra 10 ETH payout, which then triggered an automatic pause.&

An Ethereum block reorganization, or reorg, happens when the network replaces a recent block with a competing block. The newly discovered flaw lets THORChain refund a payment that Ethereum no longer recognizes as having happened. A malicious actor could potentially exploit that mismatch.

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The exchange says withdrawals surged after some services resumed but have since slowed, with the outflows representing a fraction of its roughly $171 billion in customer assets.

Binance has recorded $5.8 billion in net outflows over the past 24 hours as customers withdraw funds following the exchange’s record $6.3 billion hack, according to data from DefiLlama.&

Binance said it began restoring withdrawals at 6:00 UTC on Sunday. By 3:30 UTC, it had processed $4.6 billion in withdrawals against $1 billion in deposits, resulting in net outflows of $3.6 billion.

Separate data from DefiLlama showed $5.8 billion in net outflows over the preceding 24 hours, as funds continued leaving the exchange after its initial update.

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Binance has reopened withdrawals following the world’s biggest ever hack, and THORChain co-founder argues it should not halt the protocol to comply with FBI demands.

Binance has reopened withdrawals for 15 blockchain networks, after $6.3 billion was stolen by North Korean hackers from its hot wallets late last week.

Binance said today it had processed around $4.65 billion in withdrawals after reopening and received $1 billion in deposits. Founder Changpeng Zhao said that in the first 12 hours there had only been a 2.1% net outflow and that “98% choose to stay!”

DeFi Llama’s Binance wallet tracker shows $5.8 billion in outflows over 24 hours, however its figures may include internal transfers or movements into new hot wallets.

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Binance has reopened withdrawals following the world’s biggest ever hack, and THORChain co-founder argues it should not halt the protocol to comply with FBI demands.

Binance has reopened withdrawals for 15 blockchain networks, after $6.3 billion was stolen by North Korean hackers from its hot wallets late last week.

Binance said today it had processed around $4.65 billion in withdrawals after reopening and received $1 billion in deposits. Founder Changpeng Zhao said that in the first 12 hours there had only been a 2.1% net outflow and that “98% choose to stay!”

DeFi Llama’s Binance wallet tracker shows $5.8 billion in outflows over 24 hours, however its figures may include internal transfers or movements into new hot wallets.

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The proposal comes amid intense competition among AI developers, including US companies Anthropic and OpenAI, the SCMP said.

Chinese artificial intelligence company DeepSeek has revealed a design to increase the autonomy of AI coding assistants so they can perform multiple tasks with less human intervention.

The aim is to reduce human input in coordinating and monitoring multiple AI agents, according to a paper published by the company’s DeepSeek Harness team and reported by Singapore’s South China Morning Post on Sunday.

Managing multiple agents demands human attention, the team said, noting that “single-task limits depend on model capabilities, while multitask limits depend on human attention.”

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The crypto exchange said it has begun phased withdrawals after the record hack the FBI has blamed on North Korea.

Binance said it has reopened its Bitcoin network in phase one of resuming withdrawals after a major hack of about $6.3 billion in funds.

The crypto exchange had suspended user withdrawals after the attack on Thursday, which the FBI blamed on North Korean operatives.

“First batch network now opened in phase one of withdrawals is $BTC bitcoin network,” Binance said on X.

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US agency seeks private-sector help to block further money-laundering of stolen digital assets.

The FBI said that the Democratic People’s Republic of Korea (North Korea) was responsible for the theft of about $6.3 billion in digital assets from cryptocurrency exchange Binance on Thursday.

The FBI said on Saturday in a news release that it refers to this specific North Korean malicious cyber activity as “TraderTraitor,” which it has most recently observed converting stolen assets mostly into Ether (ETH).&

It expects these assets to be further converted, using DeFi and instant swap services, as the hackers move to more advanced laundering stages.

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Less-liquid tokens make up the remaining shortfall as Binance continues buying replacement assets through market and over-the-counter trades.

Binance said Saturday it had replenished 90% of the assets stolen in its $6.3 billion hack, up from 80% a day earlier, and remained on track to resume withdrawals Sunday.

The exchange is using a combination of its corporate treasury, a partial deployment of its Secure Asset Fund for Users (SAFU) and a portion of its futures insurance fund, a spokesperson told Cointelegraph.

“Binance will absorb the financial impact of the stolen funds, not users,” the spokesperson said, adding that the insurance fund would remain above required risk management levels.

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Strive CEO Matt Cole says the Binance hack has not changed his long-term case for Bitcoin, but cautions it is too early to call a market bottom.

Bitcoin has held up better than expected following the $6.3 billion Binance hack, according to Strive CEO Matt Cole, who said the breach does not undermine the cryptocurrency’s long-term investment thesis.

Speaking on Cointelegraph’s Chain Reaction on Friday, Cole said the breach had not changed his long-term investment case for Bitcoin. He compared the attack on Binance’s wallets to a bank robbery rather than a failure of Bitcoin’s network.

Bitcoin traded near $77,400 at 4:00 pm on Saturday, about 4% below its price shortly before the attack began Thursday, according to CoinGecko data.

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In typical Bitcoin style, the number one cryptocurrency turns 18 today, amid AI-driven security threats, quantum fears and the biggest exchange hack in crypto history.

Eighteen years ago today, pseudonymous cypherpunk Satoshi Nakamoto posted the Bitcoin whitepaper, Bitcoin: A Peer-to-Peer Electronic Cash System, to a cryptography mailing list.

Created to bypass opaque institutions and remove the need for trust in financial transactions, Bitcoin (BTC) has been taking on the traditional financial system since its genesis block was mined on Jan. 3, 2009.

Inscribed in that very first block was a message from Satoshi, quoting a headline from The Times: “Chancellor on brink of second bailout for banks.” It captured the financial crisis backdrop against which Bitcoin was born.

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Home invasions became the most common form of crypto wrench attacks worldwide during the first half of 2026, rising to 20 incidents from one.

Raymond Christian Garcia and Isiah Angelo Garcia, both of Waller, Texas, were sentenced to 180 months and 186 months in prison, respectively, for their armed robbery of cryptocurrency and kidnapping of a family in Grant, Minnesota.

The brothers were sentenced on Thursday before US District Judge Donovan W. Frank, according to a Friday news release. They had pleaded guilty in June.

On Sept. 19, 2025, the brothers, who had traveled from Texas to Minnesota, kidnapped Victim 1 and his family in their home at gunpoint, court documents said.& They zip‑tied the family at gunpoint and held them for more than nine hours, demanding access to Victim 1’s cryptocurrency accounts.

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The company said some non-sensitive customer data was exposed, including user IDs, names and email addresses.

Blockchain analytics company Chainalysis said it was targeted in a cybersecurity incident, similar to those suffered recently by other platforms.

“Based on the investigation to date, we have found no evidence of unauthorized access to investigation content, authentication credentials, or session tokens,” it said in a blog post on Friday.& Some non-sensitive customer data was exposed, including user IDs, names and email addresses.

Chainalysis said it had engaged world-class third-party cybersecurity experts and was using large language models to support a review of its security and strengthen its defenses.

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Some political and administration figures tried to make hay of the biggest-ever crypto heist.

Soon after the $6.3 billion hack of Binance, the biggest in crypto history, some political and administration figures began offering opinions with a US election approaching on Nov. 3 and voting already having begun in many locations.

President Donald Trump was asked at a news conference on Friday about the hack of Binance. “We don’t know. We’re looking at that, the hack with Binance. They’re saying they’re going to get it back, they’re saying they’re guaranteeing it,” he replied.

The crypto exchange said in a post on X late Friday that it would cover any losses. “We want to be clear about our commitment: Binance will absorb the financial impact of these stolen funds, not our users.” It added that about $3 billion of the stolen funds had already been frozen in various locations.

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Some political and administration figures tried to make hay of the biggest-ever crypto heist.

Soon after the $6.3 billion hack of Binance, the biggest in crypto history, some political and administration figures began offering their opinions with a US election approaching on Nov. 3 and voting already having begun in many locations.

President Donald Trump was asked at a news conference on Friday about the hack of Binance. “We don’t know. We’re looking at that, the hack with Binance. They’re saying they’re going to get it back, they’re saying they’re guaranteeing it,” he replied.

The crypto exchange said in a post on X late Friday that it would cover any losses. “We want to be clear about our commitment: Binance will absorb the financial impact of these stolen funds, not our users.” It added that about $3 billion of the stolen funds had already been frozen in various locations. On Saturday, Binance said it had already covered 90% of the impacted amount of the hacked loss.

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Attackers raced to convert stolen stablecoins into crypto that issuers could not freeze as industry players like Tether and Circle moved to immobilize billions of dollars in assets.

Attackers behind Binance’s estimated $6.3 billion hack still control billions of dollars in stolen cryptocurrency despite efforts by token issuers to freeze the proceeds.

The attack, the largest in crypto history, began at 8:04 pm UTC Thursday and the perpetrators, linked to the same North Korean hackers behind last month’s Bitget hack, immediately began converting assets.

The game plan for the hackers was to convert the assets that could be frozen, like USDT and USDC, into ones that could not, such as Bitcoin (BTC) and Ether (ETH).

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The stablecoin issuer’s US Treasury holdings are comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8.37 billion at the end of September.

Tether reported $1.5 billion in third-quarter operating profit as its excess reserves nearly doubled to $7.95 billion, according to figures released alongside its latest attestation prepared by independent accounting firm BDO.

The company held $191.5 billion in assets against $183.5 billion in liabilities at the end of September, leaving a reserve surplus of $7.95 billion, nearly double the $4.1 billion reported in June. Its assets included $132.4 billion in direct and indirect US Treasury bill holdings.

That exposure is comparable to South Korea’s $134.2 billion in US government debt and exceeds the United Arab Emirates’ $116.1 billion, according to August data from the US Treasury Department.

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Circle, Strategy and other crypto-linked stocks fell sharply Friday, a day after Binance disclosed a $6.3 billion security breach.

Shares of publicly traded cryptocurrency companies fell sharply Friday, with Coinbase dropping more than 13% a day after reporting a decline in third-quarter revenue, as the industry dealt with Binance’s $6.3 billion hack.

Other crypto-linked stocks also declined, with stablecoin issuer Circle Internet Group (CRCL) falling more than 9% and Bitcoin treasury company Strategy (MSTR) dropping about 8%, according to Yahoo Finance data at the time of writing.

Source: Yahoo Finance

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Bitcoin faces mounting quantum security concerns as Ripple secures a US banking charter, USDC gains ground in Europe and VanEck adds BTC to a new ETF.

The debate over quantum computing has raised serious questions about Bitcoin’s long-term security, but the economic consequences could emerge long before the technology seriously threatens the network.

Muneeb Ali, founder of Bitcoin layer-2 project Stacks, believes quantum computing risks are already discouraging institutional investment, even as US spot Bitcoin ETFs have amassed more than $104 billion in net assets, according to BitBo data. He warns that BTC has only a few years to prepare for the transition to quantum-resistant security, a process that could take years given the network’s history of slow and contentious upgrades.

For institutional investors drawn to Bitcoin as a hedge against currency debasement, doubts about its long-term security could complicate the investment case.&

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A recap of Cointelegraph’s live coverage of the Binance hack, including early breach reports and the exchange’s full reimbursement pledge.

This recap summarizes Cointelegraph’s reporting on the Binance hack and has been updated with the exchange’s latest statements. The investigation is ongoing, and figures and recovery timelines may change. See our archived live coverage for the original timeline.

Hackers stole about $6.3 billion from Binance on Thursday, in what is now the largest cryptocurrency theft on record. Industry partners have frozen roughly $3 billion in affected assets, while customers await the reopening of withdrawals.

TRM Labs traced the first unauthorized transfers to around 8:05 pm UTC Thursday, with Binance wallets drained across multiple blockchains. The attackers targeted hot wallets, which exchanges keep connected to the internet to process withdrawals.

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How Binance’s $6.3 billion hack unfolded, from the first onchain alerts to $3 billion in frozen funds and a widening security investigation.

Live coverage has ended. The updates below document Cointelegraph’s reporting on the record $6.3 billion Binance hack as events unfolded.

Oct. 30 at 2:34 pm UTC

Binance is aiming to resume withdrawals within 40 hours and publish a full proof-of-reserves report by Monday, co-CEO Richard Teng said.

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Bitcoin circled $77,000 as crypto markets navigated US stock-market downside, while the gold price fell to its lowest in a year.

Bitcoin (BTC) stayed under pressure below $80,000 at Friday’s Wall Street open as AI fears returned to intensify a broader risk-asset rout.

Key points:

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A US fusion startup says it has turned mercury into gold. Could a potential increase in the gold supply strengthen Bitcoin’s claim to be a better form of digital gold?

They say all that glitters is not gold, and that took on a completely different meaning this month when a US fusion startup claimed it had produced gold from mercury.

Rather than chemical trickery, Marathon Fusion’s process relies on nuclear transmutation. Its research paper describes how high-energy neutrons from a deuterium-tritium fusion reaction can irradiate mercury-198, producing a radioactive isotope that decays into stable gold-197.

So, if gold has what some are calling an “infinite mint bug,” what will happen to the centuries-old metal so revered for its scarcity? And what, if anything, could that mean for Bitcoin as digital gold given it has a hard-capped supply?

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Follow live updates as Binance says $6.3 billion in assets have been stolen in a major hack. Around $3 billion in stolen funds have been frozen.

Oct. 30 at 2:34 pm UTC

Binance is aiming to resume withdrawals within 40 hours and publish a full proof-of-reserves report by Monday, co-CEO Richard Teng said.

Teng said the exchange hopes to restore access before its Sunday deadline and provide an initial reserves snapshot ahead of Monday’s report.

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Binance is working with law enforcement to recover $3 billion that is frozen, after setting aside more than $6.3 billion from the company’s funds to cover the shortfall.

Binance is working with the FBI to help recover some of the funds stolen in the record $6.3 billion exploit, a source familiar with the matter said on Friday.

Cointelegraph contacted the FBI for more details about the collaboration but had not received a response by the time of publication.

The cryptocurrency exchange revealed its cooperation with law enforcement in a Friday X post, without specifying the agencies involved.&

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US agencies are investigating the theft and helping trace stolen assets, while Binance says about $3 billion has been frozen.

Update (Oct. 30 at 9:04 pm UTC): This article has been updated to include FBI and US Secret Service statements reported by Reuters and Bloomberg, along with Binance’s latest recovery and withdrawal plans.

The US FBI and Secret Service have publicly acknowledged their involvement in the response to Binance’s $6.3 billion hack as efforts continue to trace and recover stolen cryptocurrency.

The FBI told Reuters Friday it was working with government and industry partners to assess the incident’s scope and potential impacts and coordinate investigative steps.

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The exchange said it set aside more than $6.34 billion to cover losses and would include the assets in its next proof-of-reserves report.

Binance said Friday that it had set aside more than $6.34 billion in company funds to cover losses from its hack, with $5 billion already in held in the same tokens stolen.

“The $5 billion is held in the exact token assets that are required. These assets are in Binance custody,” a Binance spokesperson told Cointelegraph.

Binance did not disclose when it acquired the assets.

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Zcash Community Grants proposed redirecting about $124 million in existing and future funding toward mining rewards, but critics say the plan fails to address governance and accountability concerns.

Zcash Community Grants (ZCG) has proposed redirecting about $46 million in Zcash tokens from its treasury to future block rewards, but industry figures criticized the move, demanding greater accountability for the fund.&

On Thursday, ZCG proposed transferring 36,200 ZEC from its roughly 91,500-ZEC treasury to the Network Sustainability Mechanism (NSM), which reserves coins for future mining rewards. If approved, the committee would retain about 55,200 ZEC, worth about $70 million at the time of writing.&

The group also proposed forgoing about 62,000 ZEC ($78.5 million) in future allocations and tapering its remaining funding until the 2032 halving. Together, the changes would redirect about 98,000 ZEC (about $124 million) toward future block rewards.&

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Bitcoin held above $76,000 after a $6.3 billion Binance hack and a tech-stock sell-off, as momentum indicators pointed to a possible rebound.

Bitcoin (BTC) traded above $77,000 on Friday as crypto market liquidations passed $1.5 billion over 24 hours.

Key points:

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Security experts said attackers could have drained Binance’s wallets without EIP-7702, but the Ethereum upgrade may have helped bypass withdrawal safeguards.

Compromised signing systems likely enabled Binance’s $6.3 billion hack, while Ethereum’s EIP-7702 upgrade may have helped attackers bypass security checks, according to blockchain security firm Blockaid.

Attackers could have stolen the funds without EIP-7702, Ido Ben-Natan, Blockaid’s co-founder and CEO, told Cointelegraph on Friday.

“The 7702 upgrade is a way to do this in one sweep and maybe a way to bypass some sort of checks they may have,” Ben-Natan said, explaining that attackers otherwise would have needed multiple transactions.

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The attackers held 18,270 BTC early Friday, topping Coinbase’s reported corporate holdings, and an Ether stash exceeding 500,000 ETH.

The attackers behind the $6.3 billion Binance hack held more Bitcoin on Friday than crypto exchange Coinbase’s holding for investment and operation at the end of September.

Blockchain analytics firm Bitquery traced 18,270 Bitcoin (BTC), worth roughly $1.4 billion, to 19 addresses linked to the attacker.

Coinbase reported holding 17,954 BTC for investment and 117 BTC for operations as of Sept. 30, a combined 18,071 BTC. The Binance hacker’s haul exceeded that total by 199 BTC. Coinbase’s holdings do not include the BTC that the exchange holds for customers.&

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North Korean hackers previously used THORChain to move funds stolen from Bybit and Bitget, prompting calls for the protocol to intervene.

THORChain’s RUNE token rose more than 13% on Friday after Binance confirmed a $6.3 billion hack.

RUNE climbed to $0.67 at the time of writing from a local low of $0.59 at 12:20 a.m. UTC, according to TradingView data.

Onchain investigator ZachXBT reported Friday that funds stolen from Binance and September’s Bitget hack had passed through THORChain before being combined at the same Ethereum address.

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Trezor urged customers who bought devices from CryptoBilis since March to move their funds after a report of a suspected hardware implant.

Trezor has urged customers who bought its hardware wallets from former authorized reseller CryptoBilis since March to move their funds after a report of a suspected implant in a Safe 5 device.&

Trezor said Friday that a customer in Indonesia reported an unauthorized circuit board inside a Trezor Safe 5 bought on Tokopedia in August. According to the report, the suspected implant could capture information displayed on the device’s screen, including wallet recovery phrases, and transmit it over a cellular network.

Trezor said it had not yet examined the device and had received no reports of related losses.

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Follow live updates as Binance says $6.3 billion in assets have been stolen in a major hack. Around $3 billion in stolen funds have been frozen.

Oct. 30 at 08:37 am UTC

Binance’s investigation into its $6.3 billion hack has uncovered “additional points of breach,” the exchange said, after initially pointing to a potentially compromised laptop.

The exchange said it was still gathering facts in coordination with law enforcement.

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Michael Saylor says Strategy could create up to $30 billion in digital credit without new common-stock fundraising or further Bitcoin price gains, as the company plans more BTC purchases.

Bitcoin treasury company Strategy is looking to finance more Bitcoin purchases through preferred-share offerings, with executive chairman Michael Saylor saying it has the capacity to create as much as $30 billion in digital credit.&

During Strategy’s third-quarter earnings call, Saylor said the company could generate the amount using its existing balance sheet, without an additional common-stock capital raise or further Bitcoin price appreciation.&

“We could create $10 billion, $20 billion, $30 billion of digital credit,” Saylor said.

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TRM Labs said it has high confidence in the attribution, while ZachXBT identified stolen funds from the Binance and Bitget hacks converging at the same address.

Cybersecurity researchers from TRM Labs and Chainalysis, along with onchain investigator ZachXBT, have linked the $6.3 billion Binance hack to North Korea’s TraderTraitor group.

TRM Labs attributed the attack to TraderTraitor with “high confidence,” citing onchain and offchain intelligence.

ZachXBT said funds stolen from Binance and the earlier Bitget exploit were commingled at the same address after moving through THORChain.

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Standard Chartered’s Geoffrey Kendrick said the breach could accelerate a shift toward decentralized trading and strengthen his case for Uniswap’s UNI token reaching $100 by 2030.

The Binance hack could accelerate a shift in crypto trading toward decentralized exchanges, benefiting Uniswap over the longer term, according to Standard Chartered’s global head of digital assets research, Geoffrey Kendrick.

In an email shared with Cointelegraph, Kendrick said the breach should drive further growth in decentralized exchanges’ share of trading relative to centralized platforms, though investors should wait until after the impact of the Binance attack has time to play out in the markets.

“I would encourage investors to re-engage with Uniswap,” said Kendrick. “The decentralized exchange (DEX) has never had any exploits, and the hack of the largest centralized exchange (CEX), in Binance, should see the ratio of DEX to CEX trading continue to increase.”

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Blockaid’s Ido Ben-Natan suspects attackers manipulated Binance’s transaction-signing infrastructure, drawing parallels with the Bybit hack.

The suspected multi-billion-dollar Binance hack may have involved attackers manipulating the exchange’s transaction-signing signature rather than stealing private keys, according to Blockaid co-founder and CEO Ido Ben-Natan.

Speaking to Cointelegraph, Ben-Natan said Blockaid’s preliminary assessment pointed to “key misuse,” in which attackers trick or compromise a signing system into authorizing malicious transactions without extracting the underlying private key.&

“It seems to be… a compromise of signing infrastructure. We don’t think a key was leaked,” he said.

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Binance said attackers may have used a compromised DevOps laptop to access internal infrastructure.

Update (Oct. 30 at 2:44 am UTC): This article has been updated to include Binance’s preliminary investigation into the security breach.

Binance said its initial investigation into the multi-billion crypto breach pointed to a compromised DevOps engineer’s laptop.&

The exchange said on Friday that the laptop compromise may have allowed an attacker to access a service container and submit unauthorized withdrawal transactions. It said it had found no evidence of a wallet private-key leak, though its investigation remains ongoing.

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Bitcoin and Ether tumbled as the broader crypto market fell 3.3%, with reports of suspicious multibillion-dollar transfers from Binance-linked wallets fueling uncertainty.

Cryptocurrency markets fell sharply Thursday as reports of a potential multibillion-dollar hack involving Binance wallets rattled investors, sending BNB down more than 7% and pushing the broader market lower.

The selloff coincided with reports of suspicious transfers involving Binance-linked wallets. Blockchain security firm Blockaid identified approximately $3.3 billion in suspicious transfers, while Arkham Intelligence tracked roughly $5.84 billion in assets held by wallets labeled “binance-hacker-1029,” though neither figure represents a confirmed theft amount.

BNB, the native token of BNB Chain, traded near $702, down 7.2% over 24 hours, according to CoinGecko data at the time of writing. Bitcoin fell 3.1% to about $78,674, while Ether dropped 4% to about $2,263. The total cryptocurrency market capitalization fell 3.3% to around $2.73 trillion, while 24-hour trading volume climbed nearly 29% to $89.4 billion.

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Bitcoin, Ether and the broader crypto market took a dive as Binance suffered a multibillion-dollar hack.

Update, Oct. 30 at 1:19 am UTC: This article has been updated with fresh market data, Binance’s pledge to cover all losses and its revised frozen assets total.

Cryptocurrency markets extended their decline early Friday following the Binance hack, with BNB down more than 8% over 24 hours and Bitcoin trading near $77,000.

BNB, the native token of BNB Chain, traded near $693, down around 8.2%, according to CoinGecko data at the time of writing. Bitcoin fell 4.8% to about $77,131, while Ether declined 5.7% to about $2,217.

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Singapore police say tampered Ledgers started showing up there on September 10. South Korean lawmakers look set to delay the crypto tax law for a fourth time.

Singapore police say at least two cases involving tampered Ledger hardware wallets have been reported since Sept. 10, with combined losses of about 3.5 million Singapore dollars ($2.7 million). It places the first local report almost a month before the wider incident became public.

It’s not clear from the October 28 consumer alert if the September 10 case was reported to police at the time, or was made retrospectively. If the report was timely, it raises questions as to whether Ledger was informed, or if the Singapore Police Force was in a position to issue a public warning earlier. However, the October 28 advisory suggested the police investigation was still in the preliminary stages.

Ledger issued a public alert about tampered Ledgers being found in the CryptoBilis supply chain on October 9. Almost $100 million was drained from wallets containing spyware components.

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Follow live updates as Binance says $2.54 billion in assets has been frozen after a multibillion-dollar hack, with further freezes possible as investigators trace funds.

Oct. 30 at 12:26 am UTC

The suspected multi-billion-dollar Binance hack may have involved attackers manipulating the exchange’s transaction-signing signature rather than stealing private keys, according to Blockaid co-founder and CEO Ido Ben-Natan.

Speaking to Cointelegraph, Ben-Natan said Blockaid’s preliminary assessment pointed to “key misuse,” in which attackers trick or compromise a signing system into authorizing malicious transactions without extracting the underlying private key.&

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Binance is investigating a multibillion-dollar security breach involving its Ethereum wallets, with Tether and Circle freezing more than $2.36 billion in stablecoins.

Binance is investigating a potential multibillion-dollar security breach involving one of its Ethereum wallets, after suspicious transfers prompted stablecoin issuers Tether and Circle to reportedly freeze nearly $1.8 billion in assets.

A Binance spokesperson told Cointelegraph on Thursday that the exchange was investigating reports of a potential security issue but had not confirmed any impact on user funds. The spokesperson said its security teams were reviewing the activity and would provide updates once more information was verified.

The concerns were first raised by blockchain researcher Spreek, who posted on X that assets from a Binance-linked Ethereum wallet had been transferred to a newly created address through a contract call allegedly funded by Tornado Cash. Spreek later reported that wallets connected to the transfers had begun selling Tether (USDT) through decentralized exchanges.

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Follow live updates as Binance says $6.3 billion in assets have been stolen in a major hack. Around $3 billion in stolen funds have been frozen.

Oct. 30 at 07:37 am UTC

The attacker behind Binance’s $6.3 billion hack did not simply use one engineer’s permissions to carry out the breach, co-CEO Richard Teng said Friday.

In an X post, Teng said the incident involved “a more complex attack process” and was not a single “one-click” action.

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Follow live updates as Binance says $3 billion in assets has been frozen after a multibillion-dollar hack, with further freezes possible as investigators trace funds.

Oct. 30 at 02:21 am UTC

First Digital CEO Vincent Chok said it has frozen the FDUSD stolen in the attack on Binance.&

“We’re working alongside the Binance team and will share updates as we have them,” Chok told Cointelegraph in a written statement.&

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Binance is investigating a potential multibillion-dollar security breach that is estimated to have impacted $6.3 billion in funds.

Binance is investigating a potential multibillion-dollar security breach involving one of its Ethereum wallets, after suspicious transfers prompted stablecoin issuers Tether and Circle to reportedly freeze billions in assets.

A Binance spokesperson told Cointelegraph on Thursday that the exchange was investigating reports of a potential security issue but had not confirmed any impact on user funds. The spokesperson said its security teams were reviewing the activity and would provide updates once more information was verified.

Concerns were first raised by blockchain researcher Spreek, who posted on X that assets from a Binance-linked Ethereum wallet had been transferred to a newly created address through a contract call allegedly funded by Tornado Cash. Spreek later reported that wallets connected to the transfers had begun selling Tether USDt (USDT) through decentralized exchanges.

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Binance pledged to cover all losses after a $6.3 billion hack, with about $3 billion in assets frozen by the exchange and its partners.

This article contains our initial reporting on the Binance hack. Follow Cointelegraph’s live coverage for the latest developments.

Update (Oct. 30, 2026 at 12:00 UTC): The headline and article have been updated with Binance’s confirmation of the record $6.3 billion hack, its pledge to cover all losses and the freezing of about $3 billion in affected assets.

Binance confirmed Friday that it had suffered a hack affecting about $6.3 billion in assets, the largest cryptocurrency theft on record.

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A new 1kx report finds that public companies are capturing a larger share of blockchain revenue, driven by institutional adoption and real-world applications.

Publicly traded companies accounted for 16% of blockchain industry revenue in 2026, more than double their 7% share in 2022, according to a new report from crypto investment firm 1kx.

The increase comes as overall blockchain revenue is projected to decline 28% year over year to roughly $100 billion in 2026. The report analyzed data from more than 2,600 protocols and earnings reports from 104 publicly traded companies through the third quarter.

The researchers attributed the growing share of public companies partly to new stock market listings, including stablecoin issuer Circle, which went public in 2025, and revenue growth among existing companies. The 10 largest publicly traded companies in the study doubled their blockchain-related revenue over the past three years.

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The prediction markets platform halted trading on Thursday after it reported one of its third party providers had been compromised.

Prediction markets company Polymarket reported its Predictions Trading API had experienced a “major outage,” resulting in the platform temporarily halting trading.

In a Thursday update to its status page, Polymarket said that the platform was in “cancel-only” mode after it had identified and fixed an issue impacting its operations. As of 7:05 pm UTC, the platform reported all its systems were operational.

“One of our third party providers was compromised, and we have referred this to relevant law enforcement,” said Polymarket. “Anyone who has been impacted will be made whole.”

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Hyperliquid’s token pumped following news of ICE and Trade[XYZ] unveiling plans for US perpetual futures.

Hyperliquid’s native token HYPE surged about 20% Thursday after New York Stock Exchange owner Intercontinental Exchange (ICE) announced plans for US perpetual futures with Trade[XYZ], whose investors include billionaire Wall Street investor Stanley Druckenmiller.

HYPE traded above $96 at the time of writing, up by around 20% in the past 24 hours, according to CoinGecko, flirting with September’s all-time record of $97.96.

Perpetual futures allow traders to take positions on asset prices without an expiration date. Hyperliquid is the largest decentralized exchange in the world to trade such instruments, DefiLlama data shows.

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The exchange cited legal and regulatory compliance in its reason for cutting off services to users based in the two countries, currently the targets of international sanctions.

Cryptocurrency exchange KuCoin announced that it would immediately suspend services for its users in Russia and Belarus, citing legal and regulatory compliance concerns.

In a Thursday notice, KuCoin said it had suspended access to all products and services for users based in Russia and Belarus. According to the exchange, it would offer an “orderly exit process” to allow users to withdraw assets.

“Compliance is at the core of our operations and guides our decisions on where and how we offer our services,” said the exchange in a Thursday X post regarding the service suspension.&

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The tokenized shares would carry the same shareholder rights as traditional stock, with round-the-clock trading and immediate settlement under the SEC’s innovation exemption.

Canton Strategic Holdings, a Nasdaq-listed company formerly known as biotechnology firm Tharimmune, announced plans to tokenize its common shares on the Canton Network, with trading expected to begin as soon as Nov. 2.

According to a Thursday announcement, the company partnered with TSV LLC, a trading venue for tokenized securities, and Fairmint, a US Securities and Exchange Commission-registered transfer agent, to bring its shares onto the blockchain. The tokenized shares would carry the same shareholder rights as the company’s Nasdaq-listed stock.

The Nasdaq-traded issue, under the ticker CNTN, currently trade an average daily volume of 757,704 shares, according to Yahoo Finance data. At last look, the stock was up more than 4.5% on the day, trading at roughly $2.13 apiece, with a market cap of $170 million.

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The funding round comes as Kalshi expands its partnerships with the NBA and S&P Dow Jones Indices while facing legal challenges over its sports contracts.

Prediction market platform Kalshi has closed a $1 billion funding round at a $40 billion valuation, Reuters reported Thursday, as the company expands beyond sports betting into financial markets.

The Series G round was co-led by Wellington Management and Sequoia Capital. Kalshi also said its non-sports markets now generate more than $1 billion in annualized revenue, according to The Wall Street Journal.

The financing was first reported in September, when Kalshi was said to be seeking $1 billion at the same valuation. Thursday’s announcement confirmed the completion of the round.

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BTC price action returned to a key weekly resistance level as US stock markets digested Alphabet’s Q3 earnings miss.

Bitcoin (BTC) rebounded above $81,000 after Thursday’s Wall Street open as US GDP numbers stayed strong and inflation data conformed to estimates.

Key points:

Data from TradingView showed BTC/USD reaching $81,547 on Bitstamp after dropping as low as $79,607 following Wednesday’s daily close.

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The French Senate adopted a bill authorizing the automatic exchange of crypto-asset tax information between international tax authorities, pending completion of the legislative process.

The French Senate adopted a bill to allow tax authorities to automatically exchange crypto transaction data with their foreign counterparts.

The bill passed its first reading on Tuesday and was then transmitted to the National Assembly as Bill no. 3421 for consideration.

The bill covers an agreement on exchanging crypto tax information and an update to an existing agreement on financial account information.

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Central counterparties would need to show tokenized collateral meets liquidity and risk tests under proposed Bank of England guidance.

The Bank of England has opened a consultation on how a central counterparty (CCP) can accept digital versions of eligible collateral, saying existing rules allow it when assets meet clearing standards.

The draft supervisory statement would clarify what CCPs must address in applications under the current approval process. It covers collateral already accepted and types that qualify under the proposed UK CCP Rulebook but are not in use. The statement would not create new regulatory obligations.

The BoE said tokenized collateral must remain capable of being valued, transferred and realized, including in stressed conditions. Faster movement across jurisdictions could help firms meet margin calls, it said.

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RedStone’s planned pricing tool will let institutions on Canton use shared market prices without exposing deal terms to data providers.

The Canton Foundation approved almost 15.8 million Canton Coin (worth about $1.55 million at the time of writing) to fund RedStone’s open-source pricing tool for institutions.

The CC token, last trading at roughly $0.0979, has a market cap of $3.91 billion, according to Coingecko data, with $23.23 million in trading the past 24 hours.

The Canton Access and Privacy Standard (CAPS) is designed to let institutions use a shared market price to value transactions without revealing their agreed settlement amounts to data providers, according to Thursday’s announcement shared with Cointelegraph.

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Brazil’s crypto exchanges face an application deadline on Friday, with costly requirements and unanswered regulatory questions complicating compliance.

Cryptocurrency exchanges operating in Brazil face mounting compliance costs and unanswered regulatory questions ahead of a license application deadline.

Exchanges already operating in Brazil must apply for authorization by Friday to continue operating, but the cutoff date is just the start of a lengthy compliance process.

“Filing is the easy part,” Fabio Cendão, founding partner at Brazilian law firm FCM Law, told Cointelegraph, pointing to challenges such as high capital requirements, complex compliance obligations and recurring audits.

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USDT is coming home to Bitcoin, offering privacy and Lightning-fast payments. But can Utexo’s bridged version of USD₮ compete with stablecoins on ETH and TRON?

Utexo is preparing to bring dollar liquidity back to Bitcoin after a three-year hiatus.

The Dubai-based blockchain startup says it will achieve the integration through RGB, a protocol that keeps asset transaction data off-chain.

The public launch is scheduled for Nov. 28, with Lightning Network support planned for Q1 2027, promising private transfers and fast payments via Bitcoin’s payment network.

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The move follows the addition of Tron support and Polygon’s acquisition of Coinme.

Polygon Labs is expanding Open Money Stack, its suite of services connecting bank accounts, crypto wallets and payouts, to the Solana network.

The expansion lets businesses building on Solana use Open Money Stack to accept funding from bank accounts, provide customer wallets and arrange payouts.

Polygon Labs CEO Marc Boiron told Cointelegraph that customer demand and stablecoin activity drove the decision to expand to Solana and, earlier this month, Tron.

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The analysis followed US sanctions against 10 people and one entity accused of helping North Korean IT worker schemes fund weapons programs.

Blockchain analytics company Chainalysis mapped a long-running network of Russian intermediaries that helped North Korean IT workers cash out millions of dollars in cryptocurrency.

The US Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned 10 individuals and one entity on Wednesday for supporting North Korean government-run IT worker schemes that it said funded the country’s weapons programs, according to a press release.

Those sanctioned included Russian nationals Ilya Aleksandrovich Boykov and Vitold Viktorovich Obertas. Treasury said Boykov had converted about $3.5 million in crypto for sanctioned company Alis since 2024, while Obertas had handled nearly $2 million in crypto conversions for North Korean officials since January 2025.

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Phase’s new network lets smartphone owners earn tokens for validating transactions and sharing internet connections with AI agents.

Phase, a new blockchain that lets smartphone users earn tokens by helping run AI services, has received a $45 million funding commitment from Unlimit founder Kirill Eves.

Phase announced the launch of its blockchain on Thursday alongside Phase Proxy, a service that routes AI agents’ web requests through internet connections shared via smartphones.

Phase has no outside investors, the company told Cointelegraph. Eves’ $45 million commitment covers its first two years of development and provides another two years of runway.

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HTX has pledged to stop crypto marketing in the UK until October 2031, with deposits and new account registrations already blocked there.

Update (Oct. 29, 2026 at 13:30 UTC): This article has been updated to include HTX’s UK exit and withdrawal arrangements and background on Justin Sun.

Cryptocurrency exchange HTX has agreed to stop unlawfully promoting its services to consumers in the United Kingdom under a settlement announced Thursday by the Financial Conduct Authority (FCA).

Huobi Global S.A., the Panamanian company behind HTX, agreed that it would not knowingly run illegal promotions, including through the exchange’s website, apps or social media. The court undertakings run until Oct. 21, 2031.

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European investors ranked crypto above retirement plans for lasting wealth creation, while prior surveys show US investors are skeptical on crypto’s role in retirement accounts.

Investors in several of Europe’s biggest economies ranked crypto above retirement plans as lasting wealth creation tools, with 19% of those surveyed choosing cryptocurrencies, while 8% opted for traditional retirement plans.

US investors still preferred traditional retirement plans, with 21% choosing retirement accounts while only 12% opted for cryptocurrencies, according to a Thursday OKX survey of 1,932 adults age 18 to 88 who previously invested in crypto. The survey was conducted by Pollfish between Oct. 14 and Oct. 18 across the US, France, Germany, the Netherlands and Poland.

Real estate was the top choice for lasting wealth, with 34% of all respondents choosing the broad class above digital assets and retirement accounts, as the asset most associated with lasting wealth.&

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Coinbase has applied for authorization ahead of Brazil’s Oct. 30 deadline and says it expects to maintain existing services while regulators review its application.

Coinbase has applied for authorization to operate as a crypto service provider in Brazil ahead of the country’s license application deadline on Friday.

The US-based cryptocurrency exchange submitted its application to the Central Bank of Brazil on Wednesday under the country’s virtual asset service provider (VASP) framework, according to a statement shared with Cointelegraph.

The filing aims to maintain Coinbase’s existing Brazilian operations as the central bank introduces new requirements covering governance, customer asset safeguards and compliance.

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A new report argues that putting institutional Bitcoin holdings to work through lending, collateral and financing could create demand beyond its store-of-value role.

A new report from Bitcoin infrastructure developer RootstockLabs argues that Bitcoin’s next wave of institutional demand could come from lending, yield generation and balance-sheet financing, expanding its role beyond a store of value.

RootstockLabs estimates that just 1.5% of Bitcoin’s (BTC) supply currently participates in lending and Bitcoin-native finance, while identifiable institutional investors hold roughly 3.9 million BTC. Putting more of those holdings to work could create additional demand for the asset without changing its fixed supply.

The analysis identifies two emerging sources of financial utility: generating returns from existing Bitcoin holdings through lending and structured credit, and using Bitcoin alongside fiat-denominated liabilities to improve corporate balance-sheet efficiency. RootstockLabs argues that both could encourage institutions to acquire and retain more BTC.

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BTC price analysis from Glassnode drew attention to $85,000 as the lower boundary of a cost-basis zone for long-term holders.

Bitcoin (BTC) faces resistance between $84,000 and $85,000 as analysis points to coins largely linked to a single large holder.

Key points:

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Lagarde announced plans to step down as European Central Bank President after serving more than seven years in the role.

European Central Bank (ECB) President Christine Lagarde announced plans to step down from her role at the central bank.

“I have just informed my colleagues that I will step down as @ECB President on 7 February 2027,” Lagarde said in a Thursday post on X.

Lagarde became ECB president in November 2019 and will have served for about seven years and three months when she leaves office.

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Bitcoin ETFs drew $424 million over three days, lifting October net inflows to $111 million despite a hawkish Federal Reserve decision and weaker crypto sentiment.

US-listed spot Bitcoin exchange-traded funds (ETFs) extended their daily inflow streak to three on Wednesday, pushing October back into positive territory with two trading sessions left in the month.

Bitcoin (BTC) ETFs attracted $137 million on Wednesday, bringing their three-day inflows to roughly $424 million and October’s net inflows to $111 million, according to SoSoValue data.

October’s cumulative net flows remained negative through Tuesday, after nearly $774 million flowed out over the final two trading days of the previous week.

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CFTC chair Mike Selig says autonomous AI agents could challenge financial rules built around human traders, and regulators need to adapt.

Commodity Futures Trading Commission Chair Michael Selig says it is “no longer science fiction” to imagine one’s refrigerator autonomously purchasing groceries with money earned from staking Ether — or even launching its own memecoin, raising questions about how regulators should oversee autonomous AI agents.

The colorful comment came during Selig’s remarks at the CFTC’s inaugural Frontier Forum in Washington, DC, on Wednesday, where he argued that regulators must adapt to a financial system where AI agents can hold assets and execute trades autonomously.

“We’re gathered here today to discuss a technology that’s rapidly transforming the financial markets. President Trump calls it ‘super intelligence,’ or SI, because ‘it’s not artificial.’ It’s as real as the printing press, the steam engine, and the internet,” he said.

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Police say at least two cases were reported as early as Sept. 10, nearly a month before the wider incident became public.

Singapore police say at least two cases involving tampered Ledger hardware wallets have been reported since Sept. 10, with combined losses of about 3.5 million Singapore dollars ($2.7 million), placing local reports almost a month before the wider incident became public.

In an advisory published Wednesday, the Singapore Police Force said preliminary investigations found malicious hardware components in Ledger wallets purchased from some retail stores in Singapore.

The disclosure adds both a local loss figure and an earlier reporting date to the incident, which surfaced publicly on Oct. 9 following reports of losses involving devices sold through CryptoBilis, an authorized Ledger reseller in Indonesia, Malaysia and the Philippines.

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Traders are pricing in a 78% chance of a December rate hike, while analysts say Treasury yields, the US dollar and upcoming inflation data could determine Bitcoin’s next move.

Bitcoin could face further headwinds after the US Federal Reserve held interest rates steady while signaling continued concern about inflation, according to market analysts.&

The Fed voted 10-2 Wednesday to maintain its benchmark interest rate at 3.75% to 4%, with Governor Lisa Cook and Cleveland Fed President Beth Hammack favoring a quarter-point increase.&

Fed Chair Kevin Warsh acknowledged that inflation remained above the central bank’s 2% target.&

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Aiden Pleterski, facing fraud charges in Canada over his alleged role in a digital asset Ponzi scheme, said that he was innocent at closing.

The criminal case of Aiden Pleterski, the self-described “crypto king” who was allegedly behind a Ponzi scheme involving digital assets, will go to jury deliberations after closing arguments this week.&

According to Wednesday reporting from CBC, the jury overseeing Pleterski’s case will begin deliberations on Thursday after receiving final instructions from Justice Shaun Nakatsuru. Pleterski allegedly defrauded his social media followers out of about $30 million between 2021 and 2022. He was charged with fraud in 2024 and had been awaiting trial for more than two years, choosing to represent himself in court.

“I am innocent of these charges,” said Pleterski, according to CBC. “That is why I pled not guilty. Had I not been forced to represent myself, that would have been proven. That’s all I have to say.”

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The former FTX CEO remains incarcerated as Irish actor Anthony Boyle portrays him in a series about the downfall of the crypto exchange and his relationship with Caroline Ellison.

In about three weeks, Netflix is set to release one of the first dramatizations of the saga of cryptocurrency exchange FTX since its CEO, Sam “SBF” Bankman-Fried, was found guilty and sentenced to prison.

According to a Wednesday Vanity Fair report, Anthony Boyle, the Irish actor portraying SBF on screen for the Netflix series ‘The Altruists,’ contacted the former CEO in prison via email as he prepared for the role. Although Boyle said he “promised him that I wouldn’t divulge anything,” Bankman-Fried reportedly answered the bulk of the actor’s questions ahead of the series’ release.

“I was interested in what possessed someone to become the world’s youngest billionaire,” said Boyle, according to Vanity Fair. “I’m not really interested in money or crypto or finance. It was: What makes them do the things that they do?”

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The largest Bitcoin treasury company will begin daily dividend payments on STRC in November, with three other preferred securities following in January 2027.

Bitcoin treasury company Strategy said Wednesday that shareholders approved amendments allowing its four preferred stocks to pay daily dividends, with 99.3% of votes cast in favor, according to preliminary results.

The amendments cover Strategy’s four preferred securities — STRF, STRC, STRK and STRD — shifting dividend payments from semi-monthly or quarterly schedules to every business day. Dividends will accrue daily, including weekends and holidays, without changing their annual dividend rates.

Strategy expects daily payments on STRC to begin Nov. 2, with STRF, STRK and STRD following on Jan. 4, 2027. Strategy said the changes are designed to shorten the time between earning dividends and receiving cash, while supporting liquidity and price stability in its preferred shares.

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The FEC reported an “electronic filing system outage” on Tuesday as groups are expected to ramp up spending before the US midterm elections.

The US Federal Election Commission (FEC) filing system is offline after reports of a hack, potentially obscuring expenditures by super political action committees (PACs) and other groups in the final days before the 2026 midterm elections.

As of Tuesday at 7:48 pm UTC, the FEC said it was continuing to experience an “electronic filing system outage,” but was working to resolve the issue. Campaign finance data by PACs and other entities were still available for the public to view, but the system outage suggested that last-minute spending could go unreported.

For example, with just six days until Election Day, FEC filings showed no expenditures from the cryptocurrency industry-aligned Super PACs Fairshake, Defend American Jobs, Protect Progress, Fellowship and Digital Freedom Fund since Sunday. Cointelegraph reached out to Fairshake for comment but did not receive an immediate response.

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Bitcoin failed to move past its 50-day simple moving average as market participants awaited the outcome of the FOMC meeting and key tech earnings.

Bitcoin (BTC) gave back early gains around Wednesday’s Wall Street open as markets prepared for the US Federal Reserve’s interest-rate decision.

Key points:

Data from TradingView showed BTC/USD failing to break beyond $81,700, instead reversing to as low as $80,297 on Bitstamp. At the time of writing, the pair was down 0.3% on the day.

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The crypto wallet’s new integration offers CFTC-regulated event contracts through Kalshi, as prediction markets face growing legal challenges in the US.

Crypto wallet provider Phantom has launched prediction markets for eligible US users through an integration with Kalshi, allowing them to trade on crypto prices, sports and other real-world events directly within its app.

According to Wednesday’s announcement, the integration offers CFTC-regulated event contracts, including short-term Bitcoin price markets that settle every 15 minutes. Trades can be funded through Phantom Cash balances, denominated in the CASH stablecoin.

Kalshi handles customer verification, account management and trade execution, while Phantom provides access through its app. The launch follows no-action relief granted by the Commodity Futures Trading Commission (CFTC) in March, allowing Phantom to connect users to regulated markets without registering as an introducing broker, subject to certain conditions.

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Google Cloud has detailed its preview MPC service for institutional Bitcoin custody as it holds a New York symposium focused on digital asset security.

[Update Oct. 29, 6:00 AM UTC: This article has been updated to include confirmation from a Google Cloud spokesperson and the company’s expected timeline for general availability.]

Google’s cloud computing division is progressing with a service that lets financial institutions jointly authorize and sign cryptocurrency transactions without giving any single party control over the full private key.

Google Cloud detailed its Multi-party Compute (MPC) service in documentation updated Monday, positioning the preview product for institutional Bitcoin custody. The service remains in preview, meaning Google provides it as is, with potentially limited support.

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Each day brings news of another AI-powered attack, or a newly discovered vulnerability. Here’s what’s happening and how ordinary people can protect themselves online.

Cybersecurity professionals are having a brutal month.

What’s being dubbed Black October isn’t even over, and it’s already brought about several dozen major cyberattacks and AI-identified vulnerabilities across the internet.

When critical vulnerabilities in PHP, the programming language used by around 70% of websites, were uncovered with the help of AI tools and disclosed by the PHP Foundation on Oct. 21, the race to patch servers around the world began.

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The post-trade market infrastructure provider said the tokenization services will create a “practical path” for tokenized securities adoption.

The Depository Trust Company (DTC), a subsidiary of The Depository Trust & Clearing Corporation (DTCC), has launched tokenization services enabling eligible users to mint tokenized representations of securities held at DTC.

DTCC clients are eligible to use the DTCC Tokenization Service (DTS). DTS will convert between traditional and tokenized forms of securities that are transferable to digital wallets and retain the same ownership rights and investor protections as their traditional counterparts, the company announced on Wednesday.

The post-trade market infrastructure provider said that 20 of its clients have signed agreements to access the services, including Alpaca, Citadel Securities, Citi, Clear Street, DriveWealth, Fidelity Investments, Interchange Clearing and JPMorgan.

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A Euronext spokesperson told Cointelegraph the suspension was due to “operational settlement requirements” and remains in effect until settlement operations are supported by the CSD.

Stock exchange operator Euronext suspended CoinShares’ Zcash exchange-traded product (ETP) on Wednesday, when it was scheduled to debut for trading on Euronext Paris.

In a Wednesday notice, the exchange operator said the CoinShares Zcash ETP (ZCSH) was suspended from trading on Euronext Paris until further notice. The notice did not provide a reason for the decision.

CoinShares’ Zcash ETP will remain suspended until “standard settlement operations can be fully supported by the Central Securities Depository (CSD),” Euronext’s press and communications manager, Flavio Bornancin-Tomasella, told Cointelegraph, adding that the measure was strictly limited to “operational settlement requirements.”&

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The company’s Hong Kong unit issued six-month notes under its $3 billion program, extending blockchain-based distribution to institutional investors.

The Hong Kong arm of Mirae Asset Securities, one of South Korea’s largest securities firms, has issued tokenized notes on Solana to institutional investors.

The transaction involved six-month floating-rate notes issued under the firm’s $3 billion structured note program, according to Wednesday’s announcement. Singapore-based digital market infrastructure operator Marketnode acted as an authorized distributor.

Mirae Asset Securities managed token issuance, payments and the notes’ lifecycle using its internal digital infrastructure. The company said the transaction could provide a model for distributing a wider range of structured products through blockchain-based channels.

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Bitcoin sought to rebuild support at $80,000 while Asian and US tech stocks extended a rebound into key corporate earnings releases.

Bitcoin (BTC) approached $82,000 on Wednesday as South Korea’s KOSPI Composite Index gained over 6%.

Key points:

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US spot Bitcoin ETFs drew $286 million over two days, narrowing October’s net outflows to $26 million as the Crypto Fear & Greed Index remained neutral.

US-listed spot Bitcoin exchange-traded funds (ETFs) attracted about $176 million in net inflows on Tuesday, extending their recovery to a second consecutive trading day.

The inflows rose from $110 million on Monday, bringing the two-day total to $286 million, according to SoSoValue data.

The rebound followed nearly $774 million in withdrawals on Thursday and Friday. October net outflows narrowed to about $26 million through Tuesday, while year-to-date net inflows stood at roughly $850 million.

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Coinbase said that an incident at analytics vendor Amplitude exposed some customers’ contact data, but it found no evidence of unauthorized access to its own systems.

Update Oct. 29, 8:25 am UTC: This article has been updated to include a comment from a Coinbase spokesperson.

Some Coinbase customers’ contact information was exposed in a security incident at analytics vendor Amplitude, the exchange said Wednesday.

The incident impacted a “small subset” of Coinbase customers, along with other Amplitude clients, Coinbase Support said on X.

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Robinhood CEO Vlad Tenev says tokenized equities need more than a temporary SEC exemption to flourish in the US.

Robinhood CEO Vlad Tenev says uncertainty over the longevity of US tokenization rules could prevent investors from committing substantial assets to tokenized markets, despite the securities regulator opening a temporary path for onchain stock trading this year.&

Speaking during Robinhood’s third-quarter earnings call Tuesday, Tenev welcomed the SEC’s innovation exemption but said further rulemaking or legislation would be needed to provide longer-term regulatory certainty.&

“As far as the innovation exemption goes, I think it’s a really positive step... I do think more needs to be done to give people a little bit of certainty because as we talk to customers, I think the uncertainty of what happens in five years is likely to be an impediment to, like, putting serious assets onto this technology.”

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The breach impacted its in-house mobile system, used by employees for work and information sharing.

South Korea’s crypto exchange Bithumb is investigating the extent of a data leak caused by a hack of its internal mobile system earlier this week, Yonhap News Agency reported Wednesday.

Bithumb discovered the breach of its in-house mobile system — the platform used by employees to communicate internally — on Tuesday and notified the Korea Internet & Security Agency and the Personal Information Protection Commission that day, according to Yonhap, which cited industry sources.

The exchange is investigating the scope of the attack, including whether member data was leaked.

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Discord conversations on large public servers will soon reach audiences far beyond their communities, raising privacy concerns.

Discord is making a policy change that will make conversations from its largest public servers discoverable in search engines, including Google, raising privacy concerns among users whose conversations were previously confined to the platform.&

The change applies to Discoverable Servers — communities with at least 1,000 members listed in Discord’s public directory that do not require an invitation to join.&

From Nov. 16, every Discoverable Server will have a web page that may include summaries of public channel discussions. From mid-December, individual messages posted in eligible channels may appear in web search, Discord said Tuesday. Messages posted before the rollout will not be included, while usernames and avatars will be excluded from published messages.&

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VanEck’s new Wealth Builder ETF targets a 2% Bitcoin allocation, with a permitted range of 1% to 5%, gaining exposure through a spot Bitcoin ETP.

US asset manager VanEck has launched an actively managed exchange-traded fund (ETF) that combines stocks, bonds and real assets with a targeted allocation to Bitcoin.

According to Tuesday’s announcement, the VanEck Wealth Builder ETF (NYSE: WBMO) invests in both VanEck and third-party ETFs, with a target Bitcoin allocation of 2% and a permitted range of 1% to 5%, according to the company’s website. Bitcoin exposure comes through a spot Bitcoin ETP rather than direct holdings of the cryptocurrency.

The fund builds on VanEck’s existing Wealth Builder model portfolios, previously available to financial advisers through third-party wealth management platforms. Its strategy incorporates exposure to global equities, fixed income, gold and other real assets, with allocations managed and rebalanced by VanEck.

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More than 40% of the companies initially proposed to have their stocks listed in tokenized form have asked to opt-out.

Four companies have joined the list of those filing objections to listings on a tokenized stock exchange proposed by cryptocurrency exchange OKX and the parent company of the New York Stock Exchange, Intercontinental Exchange (ICE).

In a Monday update to its proposed OKXICE exchange, the crypto company reported that Intel, IBM, Oracle and IonQ were the most recent companies to object to having their US stocks listed in tokenized form. With the addition of the four, 26 companies have now filed to raise objections to OKXICE’s plans, including Alphabet, Wells Fargo and Goldman Sachs.

The proposed offering came just a few weeks after the US Securities and Exchange Commission (SEC) approved temporary innovation exemptions for tokenized US stocks. Under the SEC exemption, Tokenized Securities Venues (TSVs) can offer limited trading for tokenized National Market System (NMS) stocks.&

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Speaking on Cointelegraph’s Chain Reaction podcast, Muneeb Ali warned that uncertainty over Bitcoin’s quantum security could deter institutional investors.

Concerns about quantum computing are slowing institutional investment in Bitcoin, according to Stacks founder Muneeb Ali, who warned that the network needs a credible roadmap for security upgrades to restore investor confidence.

“There is already a ceiling on the growth of Bitcoin because of quantum fears,” Ali said during an interview on Cointelegraph’s Chain Reaction podcast. He argued that uncertainty could lead risk-averse institutional investors to delay large Bitcoin purchases until developers establish a credible path toward quantum-resistant security.

Stacks is a Bitcoin layer-2 network designed to bring smart contracts and decentralized applications to Bitcoin. Ali co-founded the project, which uses Bitcoin as its underlying settlement layer.

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Ripple also expanded its collaboration with BNY on digital asset custody and partnered with C2FO to bring trade finance settlement onto the XRP Ledger.

Ripple and Robinhood have expanded their partnership to bring the RLUSD stablecoin to Robinhood’s retail and institutional businesses, alongside new integrations spanning treasury management, lending and trading services.

RLUSD is already available on Robinhood Chain and Bitstamp by Robinhood, with a launch in the Robinhood app planned for later this year, according to a Tuesday announcement coinciding with Ripple’s Swell 2026 conference in New York. Robinhood also plans to use the stablecoin on the XRP Ledger for institutional settlement.

Robinhood will also adopt Ripple Treasury to manage its global cash and liquidity operations, including payment processing, cash flow forecasting and intercompany transactions. The integration extends the partnership beyond customer-facing services to Robinhood’s internal financial infrastructure.

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The US state filed a lawsuit against Kalshi last week, seeking to recover up to $60 million in profits related to event contracts on prediction markets.

The US Commodity Futures Trading Commission (CFTC) announced legal action against Utah officials after the state’s attorney general said he would sue to compel Kalshi and its affiliates to return up to $60 million in profits allegedly obtained illegally.&

In a Monday filing in the US District Court for the District of Utah, lawyers for the commodities regulator sued the State of Utah and its Attorney General Derek Brown a week after officials announced legal action against prediction market platform Kalshi and its affiliates over allegedly illegal betting.&

According to the CFTC, Utah was attempting to bypass congressional intent to “federally preempt state law” by “restrict[ing] the functioning of CFTC-registered exchanges.” CFTC Chair Michael Selig has been claiming for months that the regulator has “exclusive jurisdiction” over prediction markets, leading to several lawsuits between state and federal authorities.

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The September survey offered a possible window into US voters who could consider fintech and digital asset policies on Election Day.

A new poll from the DeFi Education Fund and Ipsos found that 72% of people surveyed said it was “somewhat” to “extremely” important for politicians to be supportive of policies encouraging financial technology built in the US.&

On Tuesday, Ipsos released the results of a poll of 1,545 people conducted in September, showing that 35% of respondents said it was “very” or “extremely” important for political candidates to support the idea of “ensuring that those who are building the next generation of financial technology are encouraged to do so in the United States.” An additional 37% of those surveyed said that the fintech policy was “somewhat important.”

Notably, only 9% of the Ipsos poll respondents said that they were familiar with crypto, and 5% with stablecoins. A majority, 87%, said that they had not held any digital assets in the previous 12 months. Only 13% said it was “very” or “extremely” important for a political candidate to encourage growth in blockchain, crypto, and DeFi.

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The blockchain-based fund offers eligible non-US investors exposure to the Nasdaq-100 as Janus Henderson expands its institutional tokenization business.

Asset manager Janus Henderson and tokenization platform Centrifuge have launched a blockchain-based fund tracking the Nasdaq-100 Index on Stellar, offering eligible investors outside the United States exposure to the benchmark.

Called JQQQ, the fund uses Centrifuge’s tokenization infrastructure and seeks to track the Nasdaq-100 under a licensing agreement with the exchange, according to a Tuesday announcement.

The launch expands Janus Henderson’s onchain investment offerings beyond US Treasurys and structured credit into equity-index exposure. The asset manager said its institutional onchain strategies now exceed $1 billion.

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USDC’s share of euro stablecoin trading has climbed to 56% since January 2024, with deeper liquidity as exchanges restrict USDT under MiCA.

Circle’s USDC (USDC) has overtaken Tether’s USDt (USDT) in stablecoin trading against the euro, as European Union regulations increasingly favor bloc-compliant stablecoins, according to a new Kaiko report.

USDC now accounts for 56% of stablecoin trading against the euro, up from just 10% in January 2024, according to Kaiko data. The shift accelerated after major exchanges restricted USDT trading for customers in the European Economic Area under the Markets in Crypto-Assets Regulation (MiCA).

USDC has also overtaken USDT in euro-denominated trading liquidity, with its order books now roughly 40% deeper than its rival’s. Tether remains the larger stablecoin globally, with a circulating supply about 2.5 times that of USDC.

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Former Morgan Stanley and Weiss executive Jordi Visser says AI agents are boosting demand for crypto as he expands his holdings beyond Bitcoin, Ether and Solana.

Cryptocurrencies could deliver a better payoff from the artificial intelligence boom than AI stocks themselves, according to Visser Labs founder Jordi Visser.

Explosive gains in AI stocks are becoming harder to repeat, Visser tells Cointelegraph’s Trade Secrets. At the same time, AI agents are creating demand for crypto payments and tokenized assets.&

“Without AI, I don’t think crypto would be going through this bull market,” he says.

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Arthur Hayes revealed the derivatives market design for Flop Network and how he expects its native token could transform AI compute into a tradable commodity.

BitMEX co-founder and Flop Labs CEO Arthur Hayes shared new details about the Flop Network and how he expects its native token could turn AI computing power into a tradable commodity, two days after selling his altcoin holdings.

Hayes proposed measuring the computing power delivered for each AI inference task and using transaction data to derive a spot price for compute denominated in Flop (FLOP) tokens. He cited a lack of a universal benchmark price for AI computing power.

“If Flop becomes the payments network for AI agents, then it follows that the $FLOP/compute exchange rate will be the global benchmark for spot compute,” wrote Hayes in a Monday Substack essay, adding that a liquid spot compute market would enable derivatives based on that price.

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Luxor aims to use the proceeds to scale its existing AI infrastructure business and expand its GPU sourcing services as global chip supply chains become constrained.

Full-stack compute company Luxor Technology raised $16 million in a strategic round led by CMT Digital.

The investment round also saw participation from Canaan, MicroBT, Halo, Steelhead, and additional angel investors, according to a Tuesday announcement shared with Cointelegraph.

The company aims to use the proceeds to scale its agentic cloud platform, grow its AI hardware business, expand its compute derivatives trading capabilities and hire more staff.

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A decline in the share of Bitcoin’s realized cap held by coins unmoved for 18 months or longer points to the ‘early stages’ of a bull market, analysis says.

Bitcoin (BTC) onchain transaction data is hinting at the start of a new uptrend as long-term holders retreat from selling.

Key points:

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Sean Bowe says ZCG has enough money to keep funding projects and wants its share of new ZEC redirected to a reserve for the network.

Zcash co-founder Sean Bowe proposed ending the automatic funding stream to Zcash Community Grants (ZCG), saying its treasury was large enough to continue funding projects without further automatic payments.

“ZCG has over $125M in funding, and will receive millions more before the spigot is turned off,” Bowe said Tuesday on X. “The program was never designed to handle this amount of funding.”&

Bowe shared a draft GitHub proposal that would redirect ZCG’s 8% share of the Zcash (ZEC) block subsidy to the network’s sustainability reserve, while leaving its existing funds untouched.

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Bloom pledged to reimburse nine traders after $953,000 was drained from 48 wallets, saying no private keys were accessed or compromised.

Hackers stole nearly $1 million from wallets linked to Telegram trading bot Bloom in under two minutes, according to blockchain analytics company Bitquery.

The attack drained $953,000 in 94 seconds from 48 cryptocurrency wallets belonging to nine traders who had used the bot, Bitquery reported Monday.

Bitquery said each drain was a Solana (SOL) transfer signed with the affected wallet’s private key.

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The exchange is delisting 22 crypto assets for Brazilian users and hopes talks with the central bank will allow it to restore some services.

Binance has applied for a cryptocurrency service provider license in Brazil, seeking to maintain its operations in one of Latin America’s largest crypto markets ahead of a regulatory deadline on Friday, Oct. 30.

The exchange submitted its application to the Central Bank of Brazil on Friday, Oct. 23, through its local entity, BBrasil, according to a statement shared with Cointelegraph.

The company said the filing would allow Brazilian users to continue accessing crypto assets, stablecoin trading, payments and investment services.

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US spot Bitcoin ETFs remained in the red for October, with about $202 million in net outflows for the month despite Monday’s rebound.

US-listed spot Bitcoin exchange-traded funds (ETFs) returned to net inflows on Monday despite weakening market sentiment and continued volatility in BTC price.

The funds attracted $110 million in net inflows on Monday, bouncing back from $774 million in withdrawals over the previous two trading sessions, according to SoSoValue.

Despite the rebound, October remained negative, with approximately $202 million in net outflows through Monday.

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The stablecoin payments company previously disputed reports that its US listing had been delayed.

Hong Kong-based stablecoin payments company RedotPay is reportedly considering a confidential filing for a US initial public offering by the end of 2026, two months after reports that it had delayed its listing plans amid regulatory and legal hurdles.&

RedotPay is also in talks with investors about a potential pre-IPO funding round that could value the company at between $4 billion and $5 billion, Bloomberg reported Monday, citing people familiar with the matter.

RedotPay declined to comment on the matter.

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Keystone initially disclosed a leak of customer information but has since disclosed that hackers also stole a key that could allow counterfeit wallets to pass authenticity checks.

Hardware wallet maker Keystone said an attacker who breached its website last week also stole a key used to verify the authenticity of its devices, widening the scope of an incident initially disclosed as a customer data leak.

In a statement Monday, Keystone said the stolen authentication key could allow attackers to produce counterfeit wallets that pass its authenticity checks.

“These devices could then be sold or shipped to customers, who might unknowingly use them as genuine products, potentially resulting in asset theft,” Keystone said.& &

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The approval clears the way for Ripple to manage reserves backing its RLUSD stablecoin and provide digital asset custody.

Ripple announced Monday that its national trust bank has secured final approval from the Office of the Comptroller of the Currency (OCC).

The approval completes the chartering process for Ripple National Trust Bank (RNTB), which received conditional approval from the OCC in December 2025.

The federally supervised trust bank is authorized to manage reserves backing Ripple USD (RLUSD), act as collateral trustee for the benefit of RLUSD holders and provide digital asset custody services, according to Ripple.

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The announcement followed the banking regulator finalizing its rules for the GENIUS Act, a stablecoin law to be implemented in January

The Office of the Comptroller of the Currency (OCC) has petitioned community banks to enter the payment stablecoin market as part of the regulator’s rules on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.

In a Monday X post, the OCC said that it was “encouraging the development of payment stablecoin capabilities within the community banking sector,” citing its finalized rules for the GENIUS Act. The payment stablecoin law is set to be enforced starting in January, and the OCC finalized its rules for the bill last week.

“Interested community banks are encouraged to consider applying to become, or for a subsidiary to become, a permitted payment stablecoin issuer, as applicable,” said the US banking regulator.&

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The new index tracks rental prices for five Nvidia GPUs, offering leveraged trading and potential hedging against fluctuations in AI computing costs.

Layer-1 blockchain Injective has launched a perpetual futures market tracking the rental prices of five Nvidia GPUs, allowing traders to bet on changes in AI computing costs with up to 10x leverage.

The Super Intelligence Compute Index (SICI) tracks rental prices for Nvidia’s H100, B200, H200, A100 and RTX 4090 chips, using data from compute marketplaces compiled by London-based market data firm LO:TECH.

According to Monday’s announcement, the index assigns the largest weight to the H100 at 40%, followed by the B200 at 25%. It is updated hourly using a trailing seven-day average of rental prices. Traders can take positions on whether the index will rise or fall, using USDC as margin.

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As part of the potential implementation of its Stablecoin Act, the Canadian government will hear from the public on a proposed framework for tokens from non-financial institutions.

Lawmakers in the Canadian government opened a 60-day public consultation on regulations proposed to address non-financial institution stablecoin issuers, including a potential prohibition on yield payments.

On Saturday, the government of Canada gave notice that it would be open to public comment on the stablecoin regulations until Dec. 23. The proposed framework cited efforts to be consistent with stablecoin regulations in the United States and other jurisdictions, to “reduce the overall regulatory burden on multi-jurisdictional issuers.”

Notably, the proposed regulations said that non-financial institution stablecoin issuers would be restricted from offering interest or yield to discourage HODLing the tokens. They would also be required to redeem stablecoins within three business days of requests from tokenholders, and not charge a fee greater than 1% of the coins’ total value.

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The artificial intelligence company disclosed more than $16 billion in revenue and an $80 billion net loss for the first half of 2026.

Anthropic announced that it had filed S-1 registration with the US Securities and Exchange Commission (SEC) for an initial public offering on Nasdaq, marking a significant step for artificial intelligence companies.

A Monday S-1 filing with the SEC suggested that Anthropic could be aiming for a mid-November IPO, listing its Class A common stock on the Nasdaq Global Select Market under the ticker symbol ANT. The company disclosed more than $16 billion in revenue for the first half of 2026 and an $80 billion net loss over the same period.

Anthropic was founded in 2021 by many former executives of AI company OpenAI. Reports have suggested that the company could raise up to $100 billion for an IPO, giving it a $2 trillion valuation. OpenAI has already delayed its own IPO plans, with CEO Sam Altman reportedly saying in September that 2026 was an “ill-advised moment” to pursue a public offering.

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The US professional basketball league is expanding into prediction markets with official data agreements and safeguards against insider trading.

The National Basketball Association has named Kalshi and Polymarket its preferred prediction market exchanges and signed an information-sharing agreement with the US Commodity Futures Trading Commission (CFTC) aimed at protecting the integrity of basketball-related markets.

According to Monday’s announcement, the agreements will give Kalshi and Polymarket access to official NBA data supplied by Sportradar, the league’s designated data distribution partner, for settling authorized markets. Both platforms will have rights to use NBA intellectual property and conduct promotional activities in the United States.

The partnerships include integrity safeguards, prohibiting NBA and team personnel from trading NBA event contracts and requiring cooperation on suspicious trading investigations.

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The Seoul government is reportedly weighing another delay for a 2020 income tax policy on digital assets, citing concerns with receiving data from US officials.

Government officials in South Korea are reportedly weighing a delay of the country’s cryptocurrency tax policy, currently expected to be implemented in January 2027.&

According to a Monday report from South Korean news outlet Newsis, the crypto income tax could be pushed to 2029 in part because it’s the earliest that officials will be able to share information on taxes related to digital asset exchanges with the US.

The policy, which would impose a 22% tax on crypto gains — 20% from income and 2% as part of a local tax — for investors earning more than 2.5 million Korean won ($1,883) annually has already seen several delays since it was first proposed in 2020.

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The agreement adds S&P Dow Jones gauges to a growing list of Wall Street firms expanding their involvement in prediction markets.

S&P Dow Jones Indices has partnered with prediction market platform Kalshi in a deal that will allow the exchange to offer event contracts tied to the financial index provider’s benchmarks.

According to Monday’s announcement, Kalshi will become a preferred platform for contracts linked to S&P DJI indices, with settlement based on official index values published by the company.

S&P DJI will also explore developing indexes using Kalshi’s prediction market data, potentially tracking expectations around economic developments, political outcomes and sporting events. The gauges would use prices from Kalshi’s event contracts to measure market expectations about future outcomes, rather than tracking the performance of traditional financial assets.

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Mitchell Amador warned internet users that websites could remain compromised for weeks, particularly smaller websites slower to adopt the emergency upgrades.

Internet users are still vulnerable to cyber exploits stemming from the PHP vulnerability, particularly through smaller websites that could take weeks to adopt the upgrade shipped last Wednesday,& according to bug bounty platform Immunefi CEO Mitchell Amador.

“This is the vulnerability apocalypse” running on schedule, where finding vulnerabilities became cheap, but fixing them remains expensive, Amador told Cointelegraph.

“For the next few weeks, treat any site you log into as if it could already be compromised,” said Amador, warning users to avoid reusing passwords and to exercise caution when connecting their cryptocurrency wallets to websites. He also urged users to revoke unrecognized token approvals.

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Strategy made no Bitcoin purchases or sales last week, as its STRC preferred stock buybacks reduced its USD Cash balance by 46% to $242.4 million.

Michael Saylor’s Strategy refrained from buying or selling Bitcoin last week, choosing instead to spend $204.9 million on STRC preferred stock buybacks.

Strategy repurchased 2.07 million shares between Monday and Friday, reporting no Bitcoin (BTC) transactions or stock sales through its at-the-market offering program, according to its Monday filing with the US Securities and Exchange Commission.

The company said its Bitcoin holdings remained at 848,517 BTC, acquired for $64.02 billion at an average price of $75,446 per coin. At Monday’s US equities open, the biggest cryptocurrency was trading hands at roughly $79,992 apiece.

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Bernstein analysts raised Robinhood’s revenue estimates through 2026 and 2028, while maintaining their HOOD price target unchanged at $160.

Bernstein analysts expect prediction markets to become one of the incremental earnings drivers for trading platform Robinhood Markets (HOOD), potentially surpassing its crypto-derived revenue.

Prediction markets could drive up to $1.7 billion in business for Robinhood by 2028, surpassing the projected $1.6 billion in crypto-based revenues for that year, according to a Bernstein analysts’ forecast shared with Cointelegraph on Monday.

The analysts expects Robinhood’s prediction market revenue to increase to $1.7 billion in 2028 from about $650 million this year, accounting for roughly 18% of Robinhood’s projected $9.4 billion in total 2028 revenue.

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The move marks Aviva’s second fund to list tokenized shares, part of a broader collaboration to bring more tokenized funds to the XRP Ledger.

Aviva Investors, the asset management arm of UK-based insurer Aviva, launched a tokenized share class of its Sterling (GBP) Liquidity Fund on the XRP Ledger (XRPL).

The development adds a tokenized share class of the company’s largest fund of approximately 22 billion British pounds ($29.4 billion) in assets under management on XRPL and allows investment in the fund in tokenized format, Ripple and Aviva revealed in a joint announcement on Monday.

It is the asset manager’s second tokenized fund, after Aviva expanded its USD Liquidity Fund to the XRPL network earlier in July.

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Bitcoin bulls fought for $80,000 support over the weekend ahead of a heavy week of US tech earnings and inflation data.

Bitcoin (BTC) begins the last week of October fighting to hold $80,000 support ahead of a busy week of US macro data and earnings reports.

Key points:

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SECZ’s onchain market cap fell to $208.6 million as Circle-linked tokens reached a combined $383.6 million across several issuers in the $3.3 billion tokenized equities market.

The value of tokenized shares of Securitize (SECZ) have lost more than half their value in less than a month as the gap with market leader Circle (CRCL) widens.

The market capitalization of SECZ tokens fell from a high of $430.4 million on Sept. 28 to $208.6 million by Sunday, according to Token Terminal. The NYSE-traded shares closed Friday down 2.1% at $7.80 apiece, with a market cap of $1.27 billion.

Tokens tracking Circle’s shares have gained about 20% in market value since Sept. 28 to reach $383.6 million, reclaiming the top spot in the $3.3 billion tokenized stock market.

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US spot Bitcoin ETFs finished the week with $301 million in net inflows after a strong three-day start gave way to heavy withdrawals.

US-listed spot Bitcoin exchange-traded funds (ETFs) attracted around $301 million in net inflows last week, snapping a two-week outflow streak despite heavy withdrawals late in the week.

The funds lost about $228 million the previous week and $680 million the week before. October’s net outflows stood at about $314 million, according to Farside Investors data.

Bitcoin ETFs drew $1.08 billion between Monday and Wednesday as Bitcoin (BTC) climbed to a weekly high of $84,777 on Wednesday, according to CoinGecko. Investors then withdrew about $774 million on Thursday and Friday as BTC retreated toward $80,000.

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The warning comes as Gartner forecasts that more than 80% of specialist cloud providers will cease operating independently by 2030.

Elon Musk warns that over 200 specialist AI cloud providers could fail or consolidate as lenders tighten up their purse strings.

Musk said Sunday on X that lenders had largely stopped providing financing to companies without substantial revenue streams outside AI data centers. He said SpaceX had secured $40 billion in debt financing for GPUs because of its investment-grade status and revenue from its Starlink satellite internet and rocket businesses.&

& “That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many,” he said.&

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The Nasdaq-listed firm said it plans to establish Solana validator operations in Hong Kong.

Hong Kong has named Nasdaq-listed Solana Company (HSDT) a strategic enterprise under a government program aimed at attracting businesses that support the city’s economic development.

Solana Company said Thursday that it was among the seventh batch of businesses selected by Hong Kong’s Office for Attracting Strategic Enterprises (OASES) and the only blockchain infrastructure company onboarded by the office in 2026.

Hong Kong’s government confirmed the addition of 18 enterprises to the program last week, bringing its total to 142.

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A security researcher warned that the leaked shipping details could expose crypto holders to targeted scams and physical attacks.

Crypto hardware wallet maker Keystone has disclosed a website security breach that exposed customer information to attackers, raising concerns about targeted scams and physical attacks.&

Keystone said Saturday that it detected suspicious activity earlier in the week and confirmed Friday, after reviewing API activity with Shopify, that an unauthorized third party had accessed customer shipping information. This included names, contact details, shipping addresses and other order details, such as items bought.&

“We’ve blocked access, fixed the vulnerability, opened an investigation, and are emailing affected customers,” said the company.

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The Standard Chartered and Animoca Brands joint venture previously targeted retail access as early as the end of 2026, but its CEO declined to reaffirm that timeline.

Standard Chartered-backed stablecoin venture Anchorpoint says it will take a cautious approach to opening its Hong Kong dollar-backed stablecoin to retail users, declining to confirm a launch date after rival HSBC rolled out RedCoin, according to the South China Morning Post.

The venture released its institutional stablecoin product in August and previously indicated a retail offering could arrive as early as the end of 2026.

Anchorpoint CEO Dominic Maffei declined to confirm that timeline at a Friday press conference, saying the company would take a prudent approach.

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Similar to the Hugging Face hack, Ethereum researchers have set up an AI Agent message board to help rescue the Glamsterdam fork. ‘Steal My Bitcoin’ site successfully hacked.

The second and final testnet for Ethereum’s Glamsterdam hard fork was cancelled this week, after ChainSecurity found vulnerabilities in two gas scaling Ethereum Improvement Proposals that could have spelled big trouble for at least 13 DeFi contracts.

The bugs were connected to EIP-8037/8038 and resulted in contracts, that rely on the way gas currently behaves, breaking when a call runs out of gas. It’s all fairly technical and complicated, but the upshot is that an attacker may have been able to exploit the resulting vulnerabilities.

The hard fork testnet dress rehearsal on Hoodi is not expected to be rescheduled until all the second order effects of the fork have been gamed out properly. In an article on X today, Derek Chiang from Ethlabs noted the issues were found very late in the process, which is less than ideal, “causing everyone to scramble to deal with the fallout.”

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Piero Cipollone said the bloc is on track to test real transactions in 2027 and roll out a digital euro as early as 2029, pending legislation this year.

European Central Bank Executive Board member Piero Cipollone said the digital euro that is set for a pilot next year has the potential to give the bloc “sovereignty” over a payments infrastructure that currently requires dependency on external, non-European third parties.

Cipollone said in an interview with Italy’s Milano Finance published by the central bank on Saturday that because the bloc is critically dependent on third parties, it’s not easy to ensure this smooth functioning. He did not cite specific third parties.

“In recent years Europe has learned that, for some essential services, we cannot rely only on third parties. We saw this with energy and we’re seeing it today with defense. And the same is true for payments,” he said.

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Ahead of elections, Prime Minister Benjamin Netanyahu said Israel could turn to blockchain and crypto to skirt potential international sanctions, to the dismay of opponents and the country’s central banker.

Blockchain has become an issue in this week’s Israeli elections after Prime Minister Benjamin Netanyahu said Friday that the country could turn to cryptocurrency to avoid strains on the economy from any potential international financial sanctions.

He told a local television interviewer that Israel is exploring the use of blockchain technology and cryptocurrencies as a means of circumventing potential banking sanctions.

“Blockchain is an alternative to sanctions,” the prime minister said in an interview with Israel’s Channel 10 economic network on Friday.

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As of Friday, 22 companies had filed objections as part of the joint venture’s proposed tokenized stock platform under the SEC’s innovation exemption.

Six more companies have reportedly filed objections to having their stocks listed in tokenized form on the proposed platform as part of a joint venture between cryptocurrency exchange OKX and the New York Stock Exchange’s parent company, the Intercontinental Exchange (ICE).

According to a Friday Reuters report, the proposed stock platform, called OKXICE, had 22 companies total objecting to having their US stock listings tokenized. Among the most recent objections reportedly included Wells Fargo, Arm Holdings and Intuit, adding their names to Microsoft and Google’s parent company Alphabet in the last week.

Notably, 16 of the companies were listed on Nasdaq, while only six of the stocks were available on the NYSE. Nasdaq released guidance for companies considering the US Securities and Exchange Commission (SEC) innovation exemption for trading tokenized stocks in September, noting issuers “must be cautious about their participation,” saying “consequences for liquidity, price discovery, and long-term shareholder value may not become apparent until well after the experiment is underway.”

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The US tax agency is targeting faster resolutions and more flexible payment options for taxpayers voluntarily disclosing past tax violations under a planned program overhaul.

The US Internal Revenue Service (IRS) is preparing to overhaul its voluntary disclosure program, with plans to reduce penalties and accelerate the resolution of tax violations, including those involving cryptocurrencies, according to a Friday report by Forbes.

IRS Criminal Investigation Chief Jarod Koopman said the agency aims to introduce the revised program before December, with a target of resolving cases within 120 days of taxpayers completing the required submission process.

The overhaul would reportedly not establish a separate disclosure process for digital assets. Koopman told attendees at the UCLA Extension Tax Controversy Conference that the IRS would handle digital assets through the same voluntary disclosure procedures used for other forms of tax noncompliance.

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The blockchain suspended its layer-1 network and rollups after security researchers identified unauthorized token minting and millions in assets transferred to Ethereum.

Initia halted its layer-1 blockchain and rollups after blockchain sleuths reported an exploit that allowed an attacker to mint tokens without authorization and drain more than $2.6 million in crypto assets.

The network was halted at 3:41 p.m. UTC on Friday following a security incident, Initia said in a post on X. The team said it was working with security researchers, validators and exchanges to determine the full extent of the impact.

Blockchain security researcher Spreek first flagged the exploit on Friday, reporting that an attacker had minted tokens without authorization and converted approximately $2.6 million into other assets, with additional funds still being moved.

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The Democratic ranking member of the Senate Permanent Subcommittee on Investigations asked Paolo Ardoino for records related to a reported deal between Tether and Nxum.

Update (Oct. 23, 6:27 pm UTC): This article has been updated to include a response from Tether.

Senator Richard Blumenthal has requested information from Tether CEO Paolo Ardoino after a Wall Street Journal report said that the stablecoin issuer had inked a $6.3 million deal with a marketing company co-founded by former White House crypto adviser Bo Hines.

In a Thursday letter to Ardoino, the Connecticut lawmaker said that the Senate Permanent Subcommittee on Investigations demanded “records and information related to contracts, payments, communications, and lobbying” between Tether and Nxum, Hines’ company. The probe into Nxum, Tether and Hines, according to Blumental, was part of what the senator called the Trump administration’s “self-enrichment and self-dealings with cryptocurrency firms.”

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The SEC’s latest priorities highlight tokenization as an emerging market risk, while cryptocurrencies remain absent as a standalone examination category.

The US Securities and Exchange Commission (SEC) has added tokenization to its fiscal 2027 examination priorities, placing tokenized securities alongside quantum computing and extended trading hours among emerging trends it plans to examine.

In its 2027 examination priorities, released Friday, the SEC identified tokenization as an area of focus for examinations of critical market infrastructure. Tokenization was not explicitly mentioned in the agency’s 2026 priorities.

The report addressed the security and reliability of critical market infrastructure, stating:

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Bitcoin dipped below $81,000 as stocks fell and Brent crude hit its highest level since March, leaving the 50-day moving average in focus.

Bitcoin (BTC) saw a fresh dip below $81,000 after Friday’s Wall Street open as Brent crude oil set new seven-month highs.

Key points:

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China’s five-year digital development plan calls for wider blockchain use in trade and manufacturing alongside stronger technical standards.

China has set a 2030 target for largely completing a national blockchain network under a five-year digital development plan published Friday.

The 15th Five-Year Plan for National Informatization, which sets priorities calls for deeper blockchain use in trade and finance in the Yangtze River Delta, and deployment at scale in manufacturing and agriculture in the Chengdu–Chongqing region in southwestern China.

Friday’s plan was issued by the Central Cyberspace Affairs Commission, a senior body within the ruling Communist Party that coordinates digital development policy.

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The request follows an August 2025 default judgment, with the AG also announcing nearly $6 million in settlements with four promoters.

New York Attorney General Letitia James has asked a court to order defunct crypto and forex trading platform NovaTech’s founders, Cynthia and Eddy Petion, and related companies to pay $1.37 billion over its Ponzi scheme.

The AG is seeking the return of about $1.13 billion in investor funds, plus $232.5 million in interest, according to a Thursday court filing.

The court found the Petions and the companies liable by default in August 2025 after they failed to respond to the lawsuit.

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Bitcoin price volatility cooled as stock markets battled another day of resurgent AI fears during Friday’s Asia trading session.

Bitcoin (BTC) ranged below $82,000 into Friday’s Wall Street open as stock markets slid further on AI financing concerns.

Key points:

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Recent hardware wallet security incidents have renewed debate over whether self-custody is suitable for beginners, as multisig and seedless designs carry their own risks.

Crypto executives are divided over whether self-custody was ever designed for beginners, while approaches such as multisignature wallets and seedless backups come with their own security and usability trade-offs.

“We don’t expect every driver to be a mechanic, and we shouldn’t expect everyone who wants to own their assets to become a security expert,” Safe Labs CEO Rahul Rumalla told Cointelegraph.&

Making self-custody easier to use could be critical to Bitcoin’s broader adoption, as the ability to “be your own bank” remains one of its defining features.

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The attacker moved $744,000 in ETH and BNB to Tornado Cash after exploiting Cysic’s bridge to mint 10 million tokens on BNB Smart Chain.

The wallet linked to the Cysic bridge exploit sent about $744,000 in cryptocurrencies to Tornado Cash on Friday after the Cysic Foundation offered the attacker a 10% recovery bounty.

The address transferred 300 Ether (ETH) and 30.4 BNB to the crypto mixer, according to blockchain security company PeckShield.

The hacker exploited a bridge vulnerability to mint 10 million Cysic (CYS) tokens on BNB Smart Chain on Saturday. Cysic suspended the bridge and blacklisted the recipient address, freezing about 2.8 million of the newly minted tokens. The foundation said its mainnet and existing assets in user wallets were unaffected.

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Bybit’s new VARA licence authorizes spot trading services in Dubai, but the exchange must complete additional regulatory requirements before launching.

Crypto exchange Bybit has secured a full Dubai license for spot trading following its earlier in-principle approval.

Bybit said Thursday that its Dubai entity, Bybit Fintech FZE, received a virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) for exchange services, including spot trading.

A Bybit spokesperson told Cointelegraph that the entity’s previous in-principle approval was non-operational and did not permit it to serve customers in Dubai. VARA’s public register lists the new license as active, allowing services to retail, qualified and institutional investors.&

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HSBC is rolling out RedCoin wallets to PayMe users, with plans to support tokenized investment subscriptions and expand into institutional uses.

HSBC has launched its first Hong Kong-dollar stablecoin, RedCoin (RCHKD), for transfers and merchant payments through its PayMe app.

More than 3.3 million PayMe users will be able to activate stablecoin wallets in the app in the coming days, the bank announced Friday.

RedCoin is designed to be redeemable one-for-one for Hong Kong dollars. HSBC Digital Assets Custody provides safekeeping services for the stablecoin.

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BLOOM seeks to cut costs by helping financial institutions coordinate cross-border use of stablecoins and tokenized deposits.

Bank Negara Malaysia and the Bank of Thailand joined Singapore’s BLOOM initiative on Friday as policymaker members.

BLOOM, short for Borderless, Liquid, Open, Online, Multi-currency, is a public-private initiative that intends to help financial institutions use stablecoins and tokenized deposits for cross-border payments.

According to the Monetary Authority of Singapore, BLOOM aims to cut costs and help institutions bring services to market faster by reducing the need for institutions to set up arrangements with each counterparty or market.

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Thursday’s withdrawals ended a three-day inflow streak and left US spot Bitcoin ETFs with $175 million in net outflows for October.

US spot Bitcoin exchange-traded funds (ETFs) recorded $635 million in net outflows on Thursday, pushing October’s flows back into the red.

The withdrawals more than erased Wednesday’s $528 million in inflows and brought October’s net outflows to $175 million, according to SoSoValue data.

It was the largest single-day net outflow since June 25, when Bitcoin ETFs lost $696 million. The withdrawals snapped a three-day inflow streak that attracted $1.08 billion.

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ChainSecurity said it identified 13 real-world examples of smart contracts potentially affected by Glamsterdam’s gas changes and is coordinating responsible disclosure with affected projects.

Ethereum developers have postponed the Glamsterdam hard fork on the Hoodi testnet after researchers identified gas-related security risks that could affect how existing smart contracts handle failed transactions.

The Ethereum Foundation (EF) said that the upgrade, originally scheduled for Oct. 26, would be delayed to allow developers to investigate how some proposals interact with smart contracts deployed on Ethereum.&

On Oct. 13, Blockchain security firm ChainSecurity warned that two proposals included in Glamsterdam, EIP-8037 and EIP-8038, could weaken safeguards against a type of attack called insufficient gas griefing.&

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Bitcoin Core says keeping certain vulnerabilities secret no longer offers much protection in the wake of AI-assisted bug hunting.

Bitcoin Core is changing how it handles security vulnerabilities, explaining that large language models have made certain software flaws significantly easier to discover.&

In an email to the Bitcoin Development Mailing List on Thursday, Bitcoin Core developer Antoine Poinsot said that in the past, vulnerabilities were generally kept under lengthy disclosure embargoes to give users time to upgrade before details became public.

Maintaining that secrecy generally meant fixes could not be backported to older software versions, leaving users waiting until the next major release. However, Poinsot said LLMs have made some flaws so easy to rediscover that delaying fixes offers little protection.

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BIT Asset Management’s Bitcoin Fund ETF is expected to begin trading on SIX Swiss Exchange in November, with its public offering restricted to Switzerland.

Switzerland’s financial regulator FINMA’s first approved spot Bitcoin exchange-traded fund for retail investors is expected to begin trading in November.

On Tuesday, FINMA announced it had approved the country’s first spot Bitcoin ETF that invests directly in Bitcoin, but did not disclose who the issuer was.

On Thursday, BIT Asset Management said its Bitcoin Fund ETF (BBIT) is expected to begin trading on SIX Swiss Exchange next month. The fund holds Bitcoin directly and is approved for public offering in Switzerland only.

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Hegseth warned that prediction market wagers could expose military operations to adversaries.

US Defense Secretary Pete Hegseth has barred all Pentagon staff from using undisclosed information to place wagers on upcoming military action, including on prediction market platforms like Kalshi and Polymarket.&

In a memo sent to senior Pentagon and defense agencies on Tuesday, Hegseth said all Department of War personnel are prohibited from engaging in financial transactions using nonpublic information. This involves both classified and unclassified information.&

“Make no mistake why this matters. Our enemies watch movements in these markets,” Hegseth wrote. “The lives of our Service members often depend on the enemy not knowing what is coming.”

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DeepSeek banned from US federal civilian agencies over spying fears. Singapore firm behind Europe’s only spot Bitcoin ETF, as Switzerland partners with Vietnam on crypto tech.

The US Treasury has proposed new rules that would block investment in artificial intelligence projects (sorry, ‘Super Intelligence’ projects) and certain high risk semiconductors in some foreign countries.

The blocks have been mainly aimed at geopolitical rival China, but will now also encompass other adversaries including Russia, Iran, North Korea and Cuba. The rules would implement the COINS Act from December 2025 and expand the Outbound Investment Security Program that went into effect in January 2025.

They rules build on previous restrictions on selling high powered AI chips to China. The US is backing up its threats too, having announced the first $200,000 penalty this month to& Amidi, LLC. Treasury for failing to report an investment by its Chinese subsidiary into embodied AI and robotics company Shanghai Qiongche Intelligent Technology (AKA Noematrix.)

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According to a Circle shareholder, the US president’s “corruption” through USD1 left the company unable to compete with stablecoins, harming USDC.

Update (Oct. 22, 10:27 pm UTC): This article has been updated to include a statement from the White House.

A shareholder for Circle Internet Financial, the company behind the USDC (USDC) stablecoin, filed a lawsuit against US President Donald Trump, his family’s crypto company World Liberty Financial, affiliate entities, and US Special Envoy to the Middle East Steve Witkoff over a $2 billion deal between a foreign government entity and Binance.

In a Thursday filing in the US District Court for the District of Columbia, Circle shareholder J. Benjamin Greenberg alleged that Trump, Witkoff and World Liberty caused harm to Circle by creating a pathway for foreign governments to funnel money using the Trump family crypto company’s USD1 stablecoin. This “brazen corruption,” according to Greenberg, leaves Circle “unable to compete” in the stablecoin market with its USDC.

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The new service aims to bring onchain trading data into institutional financial systems as tokenized stock markets expand and face growing scrutiny.

Blockchain analytics platform Dune has launched real-time market data feeds covering more than 200 onchain trading venues, aiming to bring decentralized market activity into the trading systems used by traditional financial institutions.

The new service provides trade data from 12 blockchains, including Ethereum, Solana, Base and XLayer, roughly one second after execution, according to a Thursday announcement.

The feeds cover spot trading across decentralized exchanges, as well as perpetual futures trading on Hyperliquid and Lighter, with standardized data on prices, trade sizes and transaction details across markets.

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While crypto-aligned PACs have stepped up spending in Ohio, a committee launched by the co-founders of crypto exchange Gemini made one of its first forays into the Lone Star State.

Digital Freedom Fund, the Super political action committee (PAC) launched by Gemini co-founders Cameron and Tyler Winklevoss in 2025, announced additional expenditures for US Senate races in the 2026 midterm elections, attempting to influence voters in Texas, Iowa and Ohio.

In a Tuesday filing with the US Federal Election Commission (FEC), the Digital Freedom Fund reported its first spending on ads to support Republican candidate Ken Paxton for one of Texas’ Senate seats. According to the PAC, it had spent more than $81,000 on direct mail media to support Paxton and oppose Democratic candidate James Talarico, with early voting having already begun in the state.

The Winklevoss-backed Super PAC, which reported raising about $34 million as of Sept. 30, did not limit its spending to Texas, reporting involvement in other key midterm election races using ads. Digital Freedom Fund disclosed additional expenditures in Ohio’s Senate race between Republican Jon Husted and Democrat Sherrod Brown, bringing the PAC’s total support for Husted to about $7 million.

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The new funding option, expected to launch later this year, will allow eligible Underdog users to deposit digital assets around the clock.

Prediction market operator Underdog has partnered with crypto infrastructure provider zerohash to introduce cryptocurrency and stablecoin deposits, with the new funding option expected to launch later this year.

Eligible users will be able to fund their accounts directly through the Underdog app using supported digital assets, with the service designed to enable near-instant transfers around the clock, according to a Thursday announcement.

Underdog& did& not& specify& which& cryptocurrencies& or& stablecoins& would& be& supported& and& did& not& respond& to& Cointelegraph’s& request& for& clarification& before& publication.

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According to BlocksBridge, Bitcoin’s mining difficulty is rising despite the industry’s AI transition, with smaller operators potentially absorbing equipment abandoned by larger competitors.

Bitcoin’s network hashrate has climbed to a seven-month high despite major publicly traded miners shifting capacity toward artificial intelligence, suggesting other operators are replacing lost computing power and intensifying competition among remaining network miners.

According to BlocksBridge Consulting’s latest Miner Weekly newsletter, Bitcoin’s seven-day average hashrate has recovered above 1 zettahash per second (ZH/s), equivalent to 1,000 exahashes per second (EH/s), its highest level since March 3.

Hashrate measures the computing power securing the Bitcoin network. The recovery suggests that miners still operating on the network are seeing little relief from competition, despite the industry’s ongoing transition to AI workloads.&

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According to the Central Bank of Ireland, Coinbase Ireland had agreed with the facts around the enforcement action and will be subject to fines and sanctions upon approval by a high court.

The Central Bank of Ireland announced an enforcement action against Coinbase Ireland for failures to safeguard user funds and provide oversight between 2020 and 2025.&

In a Thursday notice, the regulator said that the Coinbase arm had “admitted the prescribed contraventions and has agreed to the undisputed facts,” settling for $3.6 million in fines. The notice said that Coinbase Ireland had violated regulations related to oversight and safeguarding of customer funds and improperly relied on the exchange’s US company to outsource certain services.

The company’s user agreement currently states: “We use a variety of service providers (some belonging to the Coinbase Group and some not) in the context of outsourcing arrangements to help us provide the Coinbase Services in an efficient and qualitative manner.”

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Bitcoin extended daily losses to 3% as US stocks came under pressure from President Donald Trump’s comments on Iran military action.

Bitcoin (BTC) stayed below $82,000 around Thursday’s Wall Street open as Iran war headlines returned to pressure risk assets.

Key points:

Data from TradingView showed BTC/USD hitting $81,256 on Bitstamp, down 2.9% on the day.

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Fireblocks told Cointelegraph that reports of a potential $2.5 billion acquisition by Visa are “not true at present time,” while Visa declined to comment on the reported talks.

Crypto custody and infrastructure provider Fireblocks is disputing a report that payments giant Visa is in late-stage talks to acquire the company for about $2.5 billion.

“We are aware of the rumors about a possible acquisition of Fireblocks by Visa. This is news to us, and not true at present time,” a Fireblocks spokesperson told Cointelegraph on Thursday.

Axios reported Thursday, citing multiple sources, that the payment giant was in advanced discussions to acquire Fireblocks for approximately $2.5 billion.

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Public miners backed by major TradFi players are coming back online, boosting Bitcoin’s hashrate, a positive sign for BTC’s fundamentals, according to CryptoQuant’s Ki Young Ju.

Bitcoin’s rising hashrate represents an “indirect bullish signal” from institutional investors that are backing several public Bitcoin miners, according to analytics platform CryptoQuant’s founder and CEO, Ki Young Ju.

“Higher hashrate means stronger security and better fundamentals as a store of value,” wrote Ju in a Thursday X post, adding that he sees this as a bullish signal since public miners are largely backed by traditional finance (TradFi) institutions.

Hashrate is a measure of the computational power of a blockchain network, indicating how many hash calculations are performed per second.

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Thailand’s SEC says several asset managers have sought consultations on spot crypto ETFs, but it cannot confirm whether the first funds will launch in 2026.

Thailand’s new spot cryptocurrency exchange-traded fund (ETF) framework is attracting interest from asset managers, but the regulator has yet to receive its first application.

Several asset management companies have approached Thailand’s Securities and Exchange Commission (SEC) for consultations about launching crypto ETFs, the regulator told Cointelegraph in a statement Thursday.

“However, no asset management company has yet submitted an application for approval to establish a crypto ETF,” the SEC said, without identifying the companies involved.

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SoFi Bank launched SoFi Earn, a tokenized deposit paying 4.40% APY with FDIC coverage, allowing users to convert funds to stablecoins 24/7.

SoFi Technologies launched SoFi Earn (SOFIE) on Thursday, offering a variable 4.4% annual percentage yield on tokenized bank deposits.

SOFIE has no minimum balance requirement, according to the company’s announcement. Each SOFIE represents $1 deposited at SoFi Bank. Customers can convert it one-for-one into SoFiUSD, the bank’s dollar-pegged stablecoin, to buy crypto in its app or send funds to supported external wallets.

SOFIE deposits qualify for Federal Deposit Insurance Corporation coverage up to $250,000 per depositor, per insured bank, for each account ownership category. SoFiUSD carries no FDIC insurance.

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DWF Labs research finds that Bitcoin ETF flows follow past BTC price movements rather than predict future returns, with investors buying rallies and selling dips.

US spot Bitcoin exchange-traded fund (ETF) daily flows aren’t reliable guides to BTC’s next move as investors tend to chase rallies and sell into slumps, according to DWF Labs.

In a research report published Thursday, DWF found that investors pulled money from the funds during seven of the eight times Bitcoin’s price dropped at least 15%. All nine rallies of that size drew net inflows. The analysis reviewed 694 trading days dating back to January 2024, when Bitcoin ETFs first launched in the US.

“ETF flows confirm moves; they don’t predict them,” DWF said in its report. “The evidence points mostly to investors reacting to price, not driving it.”

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The UK’s 2027 crypto rules risk a de facto ban on regulated firms providing access to DeFi, argues Coinbase’s European policy head Katie Harries.

Opinion by Katie Harries, head of policy, Europe, Coinbase

The United Kingdom is approaching a choice that could define its financial future: should decentralized finance (DeFi) be allowed to develop through regulated gateways or will it be constrained to a silo?

This is not just relevant to crypto enthusiasts; it goes to the future of capital markets, the competitiveness of the City and the UK’s ability to shape the next generation of financial infrastructure.

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CoinDCX said it covered losses caused by a failed transfer process involving compromised wallets and credited all affected user accounts.

Update (Oct. 22, 12:32 pm UTC): This article has been expanded and its headline updated following CoinDCX’s admission of operational losses and its further explanation of the flagged wallet activity.

Indian cryptocurrency exchange CoinDCX admitted losses from a failure to move deposits out of previously compromised wallets after investigators challenged its explanation for about $16 million in suspicious transfers.

In a statement posted on X Thursday after this article’s initial publication, CoinDCX said some users continued depositing crypto into addresses compromised during its July 2025 hack despite warnings to stop.

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CoinDCX tied the transfers to wallets compromised in July 2025, but investigators said the addresses remained linked to its operations.

Indian cryptocurrency exchange CoinDCX denied a new security breach after analysts flagged suspicious transfers, but investigators questioned its claim that it stopped using the wallets after a July 2025 hack.

The flagged transactions involved old wallets created in January 2025, which were “compromised in July 2025” and have not been used by the exchange since, CoinDCX said Thursday on X.

Blockchain investigator ZachXBT challenged that account, saying a CoinDCX deposit address remained in use by a liquidity provider for 10 months after the July 2025 incident. He said the address continued transferring user deposits to CoinDCX’s current public hot wallet and receiving funds to cover transaction fees.

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Bitcoin reversed a run toward $85,000 after Tesla reported lower-than-expected capital expenditure in Q3.

Bitcoin (BTC) fell nearly 3% on Thursday after an attempt to break higher was rejected near $85,000.

Key points:

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StarkWare plans to release a draft whitepaper in November as it explores an independent, quantum-resistant blockchain.

Starknet’s community has voted to support research into becoming an independent, post-quantum layer-1 blockchain.

The network’s potential departure from Ethereum gained overwhelming support. The governance vote that ran for seven days closed on Thursday. The poll drew about 3,200 votes, with 93.52% of voting power in favor of the transition.

The non-binding poll recorded the highest participation in Starknet’s governance history, according to StarkWare, which said it abstained from voting to leave the decision to the community.

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Cloudflare’s Matthew Prince said the network saw thousands of exploit attempts even before the PHP vulnerability was publicly disclosed.

Cloudflare’s CEO Matthew Prince warned that the network saw millions of exploit attempts after two critical PHP vulnerabilities were publicly revealed.

In the 10 hours before the vulnerabilities’ disclosure, the network saw thousands of exploit attempts, which have now reached “millions,” Prince said in a Thursday X post.

Cloudflare is an internet infrastructure company that helps websites load faster and protects them from cyberattacks. About one in five websites worldwide routes traffic through its network, according to the company.

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US spot Bitcoin ETFs drew $1.08 billion over three trading sessions to push October flows back above water.

US spot Bitcoin exchange-traded funds (ETFs) attracted $528 million in net inflows on Wednesday as Bitcoin briefly surged above $84,700 before retreating.

The funds extended their inflow streak to three sessions, adding $23 million on Tuesday and $526.6 million on Monday, according to SoSoValue data. The three sessions drew in a combined $1.08 billion.

Wednesday’s inflows brought October’s net inflows to approximately $461 million, while year-to-date net inflows reached $1.34 billion.

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“Plenty will be ponzis. Plenty will get exploited. Plenty will insta die. There will be ridiculous gains, and people will get absolutely f***ing rinsed,” says Illuvium co-founder Kieran Warwick.

Update (Oct. 22 at 10:31 UTC): This article has been updated to include comments from Sébastien Borget and Ben James on AI-driven game development.

AI could unleash a flood of short-lived crypto “meme games,” attracting the same speculative traders who helped push memecoins to record highs in late 2024, according to Illuvium co-founder Kieran Warwick.&

Speculative crypto games such as Wolf Game and Fishing Frenzy, where players compete for financial rewards, once took months to develop. But Warwick says AI tools have reduced the time and cost of creating similar games to just days and around $1,000.&

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Government websites and online services were disrupted after concerns about a PHP bug that could allow attackers to take control of vulnerable servers.

The PHP Foundation has acknowledged that indecision and a shortage of resources delayed a fix for a critical security flaw first identified in 2024, calling the stalled response a “structural failure.”&

Government agencies and other organizations worldwide took websites offline Wednesday as a precaution while PHP released emergency patches for two related critical vulnerabilities. The flaws could allow unauthenticated attackers to execute code on affected servers without logging in.&

PHP is a programming language widely used to power websites and web applications, including content management systems.&

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Banking advocacy organizations are pushing back against the OCC’s finalized rules on a stablecoin law, arguing against changes to provisions on yield.

A lobbying group for US banks has weighed in on the Office of the Comptroller of the Currency’s (OCC’s) recently finalized rules on payment stablecoin issuance and custody, arguing that the regulator’s interpretation went against Congress’ intent.

In a Wednesday notice, the American Bankers Association (ABA) said that while the OCC’s final rules implementing the GENIUS Act included “several positive steps,” the banking group remained critical of provisions related to stablecoin yield. The regulator dropped a provision that would have established a presumption that certain third-party arrangements violated the law’s ban on yield payments.

“The final rule removes the OCC’s originally proposed safeguards that would have addressed indirect arrangements involving affiliates, exchanges and other distribution partners,” said ABA. “As a result, payment stablecoin issuers can provide economically equivalent yield while technically avoiding the statutory prohibition. The OCC also declined to adopt a broader presumption against arrangements designed to circumvent the ban.”

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The investment will support Peso’s expansion across four Latin American markets, where it connects stablecoin payments to merchant services and local banking networks.

Tether has led a pre-seed funding round in Bolivian fintech Peso, which offers USDT payments through food delivery apps and local banking networks, to support the company’s expansion across Latin America.

In a Wednesday announcement, Tether said the investment will help Peso expand its stablecoin payment infrastructure across Bolivia, Brazil, Colombia and Argentina, including services that connect USDT with local currencies through banking and merchant payment systems.

Peso has integrated USDT payments into Yango’s food delivery service in Bolivia, allowing customers to pay for orders using the stablecoin. The fintech offers QR payments, point-of-sale services for merchants and virtual accounts linked to Bolivia’s banking system through ACH transfers. Tether did not disclose the size of its investment.

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The US President detailed many schemes defrauding Americans, but referred only to “cybercurrency“ related to scams.

US President Donald Trump hosted a roundtable at the White House on cybercrime, even as he and members of his administration face scrutiny from lawmakers and voters over accusations that they used their positions to enrich themselves with digital assets.&

Speaking at the roundtable event on Wednesday, Trump said “countless” Americans lost more than $20 billion from cybercrime in 2025 through impersonation schemes, ransomware attacks, scam centers and other methods. The president added that federal officials had frozen $1 billion in “cybercurrency tied to foreign scammers” and prevented $1.6 billion in losses in 2025 from going to criminals engaging in cybercrime following a March executive order.

Secretary of Defense Pete Hegseth (left), President Donald Trump (center) and Attorney General Todd Blanche (right) speaking at the White House on Wednesday. Source: White House

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The foundation called for regulation based on financial risks rather than technology, warning that overlapping rules could create uncertainty for crypto businesses across the EU.

The Cardano Foundation has urged the European Union not to introduce new, standalone regulations for decentralized finance and staking, arguing that existing financial laws should govern such activities based on their functions and risks rather than the technologies they use.

In a Wednesday blog post outlining its 19-page Sept. 30 submission to the European Commission, the foundation called for a distinction between direct participation in decentralized networks and financial services provided by intermediaries, particularly those involving custody or control of users’ assets.

“Regulation should follow the substance of an activity, the functions performed, and the risks created, not the technology through which it is conducted,” the foundation wrote.

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The UK Financial Conduct Authority consultations came just weeks after the agency opened applications for companies under its new crypto regulatory regime.

The UK’s Financial Conduct Authority (FCA) announced two consultation periods for how companies using decentralized finance can comply with its guidance, and exclusions for certain crypto assets following “recent legislative changes.”

In a Wednesday notice, the FCA opened consultation periods for helping DeFi companies comply with the financial watchdog’s rules on money laundering and financial crime. The agency also announced a consultation for “exclusions from cryptoasset regulation,” citing recent legislation in the country.

Regarding DeFi, the FCA said that the proposed guidance “seeks to clarify existing rules rather than establish new policy.”

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The OCC has finalized rules for stablecoin reserves and redemptions, with Bessent calling the GENIUS Act a “watershed moment for American finance.”

US Treasury Secretary Scott Bessent has compared the Trump administration’s landmark stablecoin legislation to banking reforms enacted under President Abraham Lincoln, drawing parallels between two efforts to establish a national framework for American currency more than 160 years apart.

In a Wednesday post on X, Bessent hailed the Office of the Comptroller of the Currency’s (OCC) final rule implementing the GENIUS Act, calling the legislation a “watershed moment in American finance.”

Bessent drew a comparison to the National Currency Act of 1863, which established a federal framework for nationally chartered banks to issue currency. He argued that the GENIUS Act serves a similar purpose for payment stablecoins in the digital age.

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Six major blockchain organizations urged the SEC to formally recognize digital commodities as non-securities in its proposed regulatory framework.

Six major blockchain organizations, including Chainlink Labs and the Cardano Foundation, have urged the US Securities and Exchange Commission (SEC) to formally classify digital commodities as non-securities, as the agency’s public consultation on proposed crypto regulations came to a close Tuesday.

In a joint letter dated Oct. 20, Chainlink Labs, the Cardano Foundation, Hedera, Aptos Labs, Ava Labs and the Stellar Development Foundation called on the SEC to incorporate its digital commodity classification directly into the proposed Regulation Crypto Assets framework, arguing that interpretive guidance alone leaves market participants facing legal uncertainty.

The groups argued that the SEC’s existing interpretation recognizes digital commodities as a distinct category but that the proposed rules fail to explicitly reflect that distinction, potentially leaving developers and other market participants uncertain about which securities regulations apply.

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Bitcoin extended gains to approach $85,000 after US stock markets reacted to higher-than-expected SpaceX earnings.

Bitcoin (BTC) passed $84,000 after Wednesday’s Wall Street open as US stocks added to gains on more strong corporate earnings reports.

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Solana’s first major consensus upgrade is targeting 99% finality reduction, seeking to offer users near-immediate transaction settlement and more responsive applications.

Solana’s first major consensus upgrade, Alpenglow, went live on mainnet around 1:54 pm UTC on Wednesday, according to the Solana Foundation’s Alpenglow dashboard.

Alpenglow seeks to reduce transaction finality by 99%, to roughly 150 milliseconds from about 12.8 seconds, according to the Solana Foundation’s July announcement.

The upgrade’s first phase, Votor, replaces the existing voting and finalization mechanism with direct validator voting and a certificate-based system designed to cut transaction finality to roughly 150 milliseconds. A later phase will introduce Rotor, a new block data-distribution protocol intended to replace Turbine.

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CertiK says crypto trading bots and exchange applications may remain exposed to the eMudhra certificate flaw because browser fixes may not protect all software.

Cryptocurrency trading bots and exchange applications may remain exposed to the eMudhra certificate security flaw despite emergency fixes from major technology companies, according to blockchain security company CertiK.

By Tuesday, tech giants including Google, Apple and Microsoft had blocked eight vulnerable certificates issued by India’s eMudhra, but the fixes may not protect crypto applications using separate security systems, CertiK’s senior director of digital assets security, Peiyu Wang, told Cointelegraph.

“Major browser blocks substantially reduce the risk for clients that receive and enforce them,” Wang said. “Some applications outside the browser ecosystem do not enforce Certificate Transparency or receive the same revocation protections.”

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Hardware wallets aren’t the only way to protect your crypto, but from ETFs and passkeys to multisig accounts, each alternative has its own risks and trade-offs.

After more than $200 million dollars worth of crypto was stolen in recent months from tampered Ledgers, and Coldcards where the seed generated wasn’t truly random, faith in hardware wallets has been shaken to the core.

These Bitcoin and crypto holders did everything right. They bought the products from official sources, correctly stored their seed phrases and they trusted in the phrase “not your keys, not your coins”, but they lost out any way. The thefts suggest that even the most diligent crypto holder using a hardware wallet faces risks beyond their control.

With the number of physical attacks on crypto holders rising — there’s been a $5 wrench attack in France every 2.5 days this year — the drawbacks of storing crypto on a hardware wallet are becoming clearer. And that’s even before you consider how many crypto owners have lost wallets and seed phrases over the years — “boating accidents” for tax purposes excluded.

There are plenty of drawbacks with all of the alternative methods of holding crypto however, so spreading your stack across different addresses and via different methods will at least minimize the damage if any one method is compromised.

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The Office of the Comptroller of the Currency’s final rule covers payment stablecoin issuance and some custody activities, with the GENIUS Act framework taking effect in mid-January.

The US Office of the Comptroller of the Currency finalized rules Wednesday for payment stablecoin reserves, redemptions and related custody activities, implementing the GENIUS Act for entities under its jurisdiction.

The final rule states issuers must maintain reserves worth at least as much as their outstanding stablecoins and generally process redemption requests within two business days.

The rule applies to national banks, federal savings associations and federal branches and their subsidiaries, as well as nonbank firms that seek or receive federal qualified issuer status, according to the agency’s announcement. It also covers state-qualified issuers when the OCC has regulatory or enforcement authority over them.

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The signing follows shareholders’ acceptance of Standard Chartered’s non-binding offer in May, with regulatory approvals still pending.

Standard Chartered signed definitive agreements to acquire Zodia Custody’s regulated operating entities, subject to regulatory approvals and closing conditions.

The signing advances a transaction announced in May, when Zodia’s shareholders accepted the bank’s non-binding offer.

As part of the deal, Standard Chartered would acquire 100% of Zodia Custody UK Limited, the parent company of Zodia’s regulated operating entities in Singapore, Hong Kong, Australia, Luxembourg and the United Arab Emirates, the bank said in a Wednesday announcement.

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PancakeSwap’s proposed fee-sharing overhaul would give liquidity providers 88% of swap fees and cut CAKE emissions by 69%, as BNB Chain’s DeFi activity expands.

Decentralized exchange PancakeSwap’s total value locked (TVL) grew nearly 19% over the past week, adding about $380 million as the protocol moves toward a major overhaul of how it distributes trading fees to liquidity providers.&

According to DefiLlama, PancakeSwap’s TVL climbed to $2.4 billion on Wednesday, up from about $2.02 billion on Oct. 14. The increase was concentrated in its V3 liquidity pools, where TVL more than doubled to about $739 million from $336 million over the same period.

The growth coincided with PancakeSwap opening a governance vote on a proposal called “The Flip,” which would increase liquidity providers’ share of swap fees on V3 and Infinity pools to 88%, up from 66%-68% on most pools.

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French authorities want crypto exchanges to conduct checks on DeFi protocols and face liability for certain customer losses under proposed changes to EU crypto rules.

France wants cryptocurrency platforms to face liability for certain decentralized finance (DeFi) incidents if they fail to vet protocols or ignore known security risks.

French authorities published proposals Wednesday to revise the European Union’s Markets in Crypto-Assets Regulation (MiCA). The joint response to a European Commission consultation came from France’s Treasury, the Financial Markets Authority (AMF), the central bank and the Prudential Supervision and Resolution Authority (ACPR).

“CASPs [crypto-asset service providers] should be liable for certain incidents affecting clients where they actively facilitated access,” French authorities said.

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Bitcoin price current resistance near $87,000 was reinforced by investors who bought BTC in late 2025, per new research.

Bitcoin (BTC) investors sitting on unrealized losses are capping price gains at $87,700, while ETF inflows strengthen support at $80,000, analysis reveals.

Key points:

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The companies will assess safeguards for travelers and whether stablecoins can speed up trade settlement between South Korea and Japan.

South Korea’s Shinhan Card announced Wednesday that it signed an agreement with Japan’s SBI VC Trade and SBI XDC Network APAC to test yen stablecoin payments for travelers and cross-border trade settlement.

Under the pact signed Tuesday, the companies will test stablecoin card payments, wallet-to-wallet payments and cross-border trade settlement. They will also assess anti-money-laundering and fraud-detection controls.

Shinhan Card is one of South Korea’s biggest credit card companies. SBI is a Japanese financial heavyweight that runs banks, brokerages, insurers and crypto exchanges.

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Zcash extended triple-digit year-to-date gains as developers agreed on the NU7 mainnet activation height, targeting Nov. 5, with node synchronization work still pending.

Zcash (ZEC) surged about 12% over the past 24 hours, as developers agreed on a mainnet activation block for the network’s NU7 upgrade, expected in early November.

The token traded around $1,270 at last look on Wednesday, according to CoinGecko. The rally coincided with a Tuesday GitHub proposal by Zcash developer Sean Bowe setting the activation at block 3,543,405, expected around Nov. 5.

The value of the privacy-focused cryptocurrency that uses advanced trustless zero-knowledge proofs is up more than 148% year to date.

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Wallets linked to the $295 million April hack still held $138 million in Ether after sending another $46 million to the mixer Wednesday.

A Drift exploiter-linked wallet transferred 18,800 Ether, worth about $46 million, to Tornado Cash on Wednesday.

The exploiter transferred $61 million in Ether to the crypto mixer on Tuesday, taking its two-day total to 44,510 ETH, or $109 million, as blockchain data tracker Onchain Lens said on X.

The transfers to Tornado Cash make the funds harder to trace and represent nearly 37% of the $295 million stolen from decentralized exchange (DEX) Drift in April. The attack ranks as this year’s third-largest crypto hack, according to DefiLlama.&

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US spot Ether ETFs have shed $1.08 billion so far in October, the biggest monthly outflow of 2026, while Bitcoin ETF inflows slowed after Monday’s spike.

The cash drain from US spot Ether exchange-traded funds (ETFs) rolled on as the funds surpassed $1 billion in withdrawals so far in October.

Ether ETFs net outflows totalled $1.08 billion since the start of October after adding $26 million on Tuesday, according to SoSoValue data. The month’s withdrawals erased September’s $832 million in net inflows, leaving year-to-date net inflows at approximately $485 million.

October has already recorded the largest monthly net outflow since November 2025, with eight trading sessions still to go.

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The platform tracks tokenized securities ownership and transfers, linking to Malaysia’s RENTAS+ system to settle corresponding payments in central bank money.

Malaysia’s central bank has launched a distributed ledger-based platform for issuing and holding tokenized bonds, connecting digital securities records with a payment system designed to operate around the clock.&

Bank Negara Malaysia (BNM) said that its next-generation Scripless Securities Depository System (SSDS+) supports the issuance, depository and safekeeping of tokenized debt securities, including Islamic bonds known as sukuk.

The new platform tracks ownership and transfers of tokenized securities and connects to the Real Time Electronic Transfer of Funds and Securities (RENTAS+) system, which handles corresponding bond payments in central bank money.&

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A private key generation flaw allowed anyone to guess them and forge HTTPS certificates for any website.

Tech giants have deployed emergency blocks against eight vulnerable digital certificates that could allow attackers to impersonate legitimate websites.

By Tuesday, browser developers and other major technology companies had deployed protections against eight intermediate certificates issued by India-based certificate authority eMudhra Limited after discovering that their private keys were insufficiently secure.&

Mozilla cryptography engineer Dennis Jackson wrote in an incident report that Mozilla independently recovered the private keys when it first received notice of the flaw on Saturday, confirming that the key-generation process was “flawed” and “trivial to exploit.”&

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A merger would bring Tesla into the same corporate group as Grok developer SpaceXAI and social media platform X.

Elon Musk said he likes the idea of merging Tesla with SpaceX in a potential move that would create a roughly $3.5 trillion technology giant combining AI, space exploration and electric vehicle manufacturing.&

“Do I think it would be a good idea? Yes,” Musk said of the potential merger during a SpaceX Q3 earnings call on Tuesday.

Musk said that both SpaceX and Tesla have formed special committees of independent directors to discuss the idea at the request of shareholders, though he isn’t able to take part in the discussions due to being a conflicted party.

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The network’s validators approved a recovery plan and opened claims until May 1, 2027.

Layer-1 blockchain Qubic has restarted its network and launched a recovery process after a wallet seed vulnerability allowed an attacker to drain roughly $1.4 million in QU tokens from 1,404 accounts, according to the project’s latest update.

Qubic’s blockchain explorer shows the network resumed processing ticks 8:00 pm on Oct. 19, advancing beyond tick 85,371,949, where it was halted on Sunday.

Qubic said its network validators, known as Computors, had approved a recovery plan and that the project had launched a claims platform for affected wallet holders.

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Derek Brown likened the prediction market company to a “public nuisance“ that was “causing a significant and substantial ongoing harm“ to state residents.

Update (Oct. 20, 9:53 pm UTC): This article has been updated to include a statement from Kalshi.

Utah Attorney General Derek Brown announced a lawsuit against Kalshi, its affiliates and two Susquehanna trading companies, alleging that the prediction markets platform had been facilitating illegal betting in the US state since 2024.

In a Tuesday press briefing, Brown said Utah officials had petitioned a court to compel the companies to return about $30 million to $60 million in profits they made through allegedly illegal event contracts. The Utah attorney general alleged that Kalshi illegally offered its services to more than 32,000 users in the state, resulting in significant losses.

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The firms are seeking clearer guidance on the classification of crypto assets and secondary-market trading as the SEC’s public comment period comes to a close.

Bitwise Asset Management and the Hyperliquid Policy Center are pressing the US Securities and Exchange Commission (SEC) to revise its proposed crypto rules, seeking clearer guidance on token classifications, airdrops and secondary-market trading in comment letters submitted Monday.

The requests come as the SEC& closes public comments Tuesday& on its proposed Regulation Crypto Assets, which would create exemptions for qualifying crypto fundraising and a conditional safe harbor for tokens associated with investment contracts.

In an& Oct. 19 comment letter, Bitwise Asset Management urged the SEC to clarify how investment managers should determine whether a crypto asset is subject to securities laws, arguing that managers need a standard they can apply using “publicly available information.”

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Crypto projects are struggling to survive as falling revenues, depleted funding and security breaches force closures across DeFi, blockchain infrastructure and gaming.

Crypto researcher Stacy Muur has identified 82 digital asset projects and protocols that have reportedly shut down in 2026, raising questions about the financial sustainability of businesses across decentralized finance, blockchain infrastructure and Web3 gaming.

The list, published on X on Tuesday, includes Balancer, Radiant Capital, Neon EVM and Step Finance, among dozens of others. Muur described the number of closures as unlike anything she had previously witnessed.

The shutdowns follow a prolonged bear market, with Bitcoin (BTC) retreating from its October 2025 record high above $126,000 to below $60,000 earlier this year, adding to the financial strain on projects already struggling to attract users and generate revenue.

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The Bitcoin treasury company could acquire an estimated 7,372 BTC with its net proceeds, potentially surpassing Metaplanet’s holdings if it allocates the full amount.

Strive, the Bitcoin treasury company led by chairman and CEO Matt Cole, closed its upsized initial public offering of SATS preferred stock on Oct. 20, raising $630 million gross, according to the company’s announcement.

The company has not specified how much of the proceeds it will use to buy Bitcoin (BTC).

Strive sold 7 million shares at $90 each. The company estimated net proceeds of $608.15 million after underwriting discounts, commissions and expenses, according to BitcoinTreasuries.net. In an SEC filing, Strive said it intended to use the funds for general corporate purposes, including Bitcoin purchases, working capital, income-generating assets, capital expenditures, share repurchases and acquisitions.

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Injective and BDACS plan to bring won-backed stablecoin KRW1 to tokenized asset markets as South Korea develops a regulatory framework for local currency stablecoins.

Blockchain network Injective has entered into a memorandum of understanding with South Korean digital asset custodian BDACS to bring a won-backed stablecoin to its tokenized asset markets, potentially allowing institutions to settle transactions without relying on US dollar stablecoins.

According to a Tuesday announcement, BDACS’s KRW1 stablecoin would serve as the exclusive won-denominated settlement asset for real-world assets (RWAs) on Injective, allowing institutions to trade and settle tokenized assets directly in Korean won.

BDACS says KRW1 is fully backed by Korean won reserves. Minting and redemption would initially be limited to approved institutional partners, subject to regulatory approval.

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Coinbase reports growing adoption by banks and businesses, even as stablecoin market capitalization remains largely unchanged over the past year.

Stablecoins moved more than $400 million an hour in adjusted transfer volume during the third quarter of 2026, as quarterly activity reached $891 billion, more than quadrupling since early 2023, according to a new report commissioned by Coinbase.

The report found that 73% of screened stablecoin transfer volume occurred outside US banking hours, including nights, weekends and holidays.

Distribution of stablecoin transfer volume by time of day. Source: Coinbase and The Block Research, via Dune Analytics

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About 25% of the US-listed companies in OKXICE’s initial tokenized stock platform proposal are asking to opt-out of the venture.

More companies are formally objecting to having tokenized versions of their shares available on the stock platform proposed by cryptocurrency exchange OKX and the New York Stock Exchange’s parent, the Intercontinental Exchange.

In a notice updated Monday, the joint venture between OKX and the Intercontinental Exchange (ICE), called OKXICE, reported receiving 16 notices of issuer objection from companies including Microsoft, Google’s parent company Alphabet and Goldman Sachs. The objections did not include specific reasons for the notice to OKX, but one expert told Cointelegraph that they could relate to “not knowing what happens to their price” on the proposed platform.

Speaking to Cointelegraph on Tuesday, OKXICE co-chair and former New York Governor Andrew Cuomo said that these notices were “not objections,” citing the Securities and Exchange Commission (SEC) “opening up to a global 24/7 marketplace.” He characterized objections as some companies standing on the side of a pool while letting others jump in and test the waters for OKXICE’s tokenized stock model.

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High US corporate earnings reports boosted stock markets and saw BTC price hit $83,300 before reversing at a 21-day trend line.

Bitcoin (BTC) returned to $83,000 after Tuesday’s Wall Street open as US stocks gained on strong earnings reports.

Key points:

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The Animoca Brands chairman explains that AI agents can make trades while you sleep, but users need to plan for the day they lose access to the bots.

Crypto traders can put AI agents to work around the clock, but Animoca Brands chairman Yat Siu warns that users risk building their trading routine around a service they don’t control.

An agent can keep searching for new information and alert its user to developments they might otherwise miss, Siu tells Cointelegraph on the sidelines of Token2049 Singapore.

He uses conference planning as an example. A chatbot could supply a list of events when asked, but an autonomous agent would be on the lookout for new announcements and suggest attendance when a worthy event popped up.

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The April 1 hack caused about $295 million in losses and was later attributed to a North Korean threat group in a Mandiant investigation.

A wallet linked to the Drift Protocol hack sent about $61 million in Ether (ETH) to Tornado Cash, a service that obscures transaction trails.

The wallet deposited 25,700 ETH to the cryptocurrency mixer over two hours on Tuesday after two months of inactivity, blockchain analytics platform Lookonchain said in an X post.

The exploiter’s addresses held about 81,454 Ether, worth roughly $194 million, according to Arkham. Crypto mixers pool funds from multiple addresses and obscure fund trails, making tracing harder.

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The Brale-issued token can be minted with USDC from eight networks and is designed to settle tokenized stocks and other assets on tx.

Real-world asset (RWA) platform tx has launched USTX, a dollar stablecoin for its wallet and planned marketplace for tokenized stocks.

Users will need USDC to mint USTX, which can also be redeemed for USDC, the company said in a Tuesday announcement shared with Cointelegraph. The platform accepts deposits from eight blockchains, including Ethereum, Solana and Base.

“It is not a USDC-backed wrapper or synthetic representation of USDC,” Ashley Ebersole, tx’s co-founder and chief legal officer, told Cointelegraph. USDC provides a way to mint USTX, which has its own 1:1 reserve structure through Brale, he said.

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UK banks are facing scrutiny over crypto transfer limits and bans as Stand With Crypto reports thousands of complaints ahead of the country’s 2027 regulatory regime.

[Update, Oct. 20, 18:35 UTC: This article has been updated to remove an unverified explanation for Revolut’s crypto transfer restrictions.]

Some of the biggest banks in the United Kingdom are facing fresh scrutiny over cryptocurrency transfer restrictions after thousands of customers reported difficulties moving money to crypto platforms.

Crypto advocacy group Stand With Crypto said 9,803 people submitted 10,092 complaints to UK banks over restrictions on transfers to crypto platforms during a 90-day period between May and August 2026. The complaints were submitted through the group’s online tool, according to a report reviewed by Cointelegraph on Tuesday.

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Constance Wang criticized the streamer’s portrayal of her former FTX colleagues as not matching her own experience with Sam Bankman-Fried and Caroline Ellison.

Former FTX COO Constance Wang said she was upset by the upcoming Netflix drama’s depiction of the collapse of the exchange and its portrayal of some of the top executives.

“The first 30 seconds were enough to upset me,” so “I stopped watching,” Wang told Cointelegraph during an episode of the Chain Reaction X spaces show published on Monday.

Wang said the Netflix trailer’s depiction of some former FTX executives made her “feel physically upset,” adding that the portrayal of Alameda Research CEO Caroline Ellison didn’t match her personal experience. She explained that former FTX co-founder and CEO, Sam Bankman-Fried, was also more “socially awkward” than his Netflix portrayal.

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Nine other crypto platforms voluntarily restricted app access in Kazakhstan, prompting the regulator to withdraw its claims against them.

Kazakhstan’s Astana International Financial Centre court (AIFC) has prohibited six platforms from offering digital-asset services without licenses in its jurisdiction and extended access restrictions to app stores.

The Astana Financial Services Authority (AFSA) said Tuesday the court issued injunctions after the regulator sued operators of crypto platforms for offering digital-asset services without authorization.

The Sept. 15 order named BingX, Bitcoin.com, Huobi Global (HTX), BitMart, Coinbase, LBank and WEEX; an amendment three days later removed LBank after its operator blocked access in Kazakhstan.

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More than 6 billion XRP reached exchanges tracked by CryptoQuant in the 30 days to Oct. 19, the most since March.

XRP inflows to exchanges have hit seven-month highs as more than 6 billion tokens were deposited in the last 30 days.

Key points:

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Mt. Gox extended its repayment deadline by another year as some creditors remain unpaid due to incomplete procedures and payment processing issues.

Mt. Gox pushed its creditor repayment deadline to October 2027, marking the sixth extension since 2023 as the collapsed crypto exchange continues working to settle outstanding claims.&

Rehabilitation trustee Nobuaki Kobayashi said on Friday that the Tokyo District Court approved moving the deadline for base, early lump-sum and intermediate payments from Oct. 31, 2026 to Oct. 31, 2027.&

Kobayashi said repayments for creditors who finished the required procedures without complications were largely complete, except for certain payment types. However, he said many creditors remain unpaid because they have yet to complete the procedures, while others encountered issues in processing.&

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The proposed acquisition would give Bitget a route into Thailand’s crypto market through a locally licensed operator.

Crypto exchange Bitget has announced plans to acquire Thailand’s GMO-Z.com Cryptonomics, seeking to expand its Southeast Asia footprint weeks after a major hack impacting its hot and warm wallets.&

The proposed transaction involves BTGT Management (Thailand), a company in which Bitget says it holds an interest, according to an announcement shared with Cointelegraph.& The acquisition will allow Bitget to introduce its trading platform to Thai users.

“Thailand is an important part of Southeast Asia’s digital asset landscape, and this acquisition gives us a great opportunity to establish local operations in a thriving country,” said Bitget CEO Gracy Chen.

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JPMorgan included Bitcoin in its long-term capital market outlook for the first time but warned that volatility and unstable correlations limit its role in investment portfolios.

JPMorgan Asset Management projects Bitcoin (BTC) will outperform stocks and gold over the next decade, but cautions that its volatility makes it unsuitable for diversifying portfolios for now.

On Monday, JPMorgan published its 2027 Long-Term Capital Market Assumptions report, projecting a 10% annualized return for Bitcoin, compared with 7.5% for large-cap US stocks and 5.5% for gold.

The projections are part of JPMorgan’s annual outlook covering more than 200 assets to help investors plan their portfolios.

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BlackRock’s proposed Bitcoin fund would use options to limit potential losses and gains, adding another strategy to its existing Bitcoin and Ether ETF lineup.

BlackRock, the world’s largest asset manager, is looking to expand its crypto fund lineup with a Bitcoin exchange-traded fund (ETF) that offers limited downside protection in exchange for capped gains.

The world’s largest asset manager on Monday filed a preliminary prospectus with the US Securities and Exchange Commission for the iShares Bitcoin Managed Protection ETF (PBIT).

The proposed ETF would use options linked to BlackRock’s iShares Bitcoin Trust ETF (IBIT) rather than holding Bitcoin (BTC) directly, according to the preliminary prospectus filed with the US Securities and Exchange Commission (SEC).

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BlackRock’s IBIT led the gains with $665.2 million in inflows, offsetting withdrawals from Fidelity and Grayscale, while other funds recorded no net flows.

US spot Bitcoin exchange-traded funds (ETFs) recorded $526.7 million in net inflows on Monday, their largest daily intake in nearly a month, after posting net weekly withdrawals in each of the past two weeks.

According to Farside Investors, Monday’s inflows were the strongest since Sept. 22, when the funds attracted $714.7 million. Monday’s record reversed Friday’s $82.4 million in net outflows.&

BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with $665.2 million, exceeding the net total across all funds. The gains were partly offset by $83.6 million in withdrawals from Fidelity’s Wise Origin Bitcoin Fund (FBTC) and $54.9 million from Grayscale Bitcoin Trust (GBTC). Other funds recorded no net flows, according to Farside.

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In June, Sophon’s developers said the costs of maintaining a standalone blockchain no longer justified its benefits and announced plans to focus on consumer finance and AI applications on Base.

Sophon has set a Nov. 25 deadline for users to withdraw their assets ahead of its planned mainnet shutdown, following a June announcement that it would abandon its Ethereum layer-2 blockchain and move operations to Base.

Sophon said Monday it will begin shutting down key infrastructure and related websites on Nov. 25, and any assets left on the Sophon Chain risk becoming permanently inaccessible.

The team has asked users to withdraw any Sophon (SOPH), Ether (ETH), USDC (USDC) and other assets, and claim any outstanding staking or Guardian rewards.

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The restrictions extend earlier bans within US defense and security agencies, amid concerns that DeepSeek could expose federal information to China.

The US Department of Homeland Security has ordered the removal of DeepSeek products from federal civilian agency IT systems.

The order, filed on Monday, also covers DeepSeek affiliates and third-party products and services developed using DeepSeek implementations while prohibiting affected agencies from making new purchases.

DHS warned that use of DeepSeek by government employees and contractors could expose sensitive information to China, potentially revealing details about US citizens and federal programs.

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“A return to last year’s indiscriminate capital raising looks unlikely,” said Bitfinex head of derivatives Jag Kooner.

Corporate Bitcoin purchases could accelerate toward the end of 2026 and into 2027 if the cryptocurrency rallies, but investors are likely to be more selective about which treasury companies they finance, according to analysts.&

Speaking to Cointelegraph, Bitwise head of research Ryan Rasmussen said there was a broad slowdown in Bitcoin treasury buying in Q3. Strategy’s Bitcoin holdings increased by a net 1,666 BTC in Q3, down from 83,901 BTC in Q2, according to company filings. Other public companies added a net 5,617 BTC, compared with 45,725 BTC in the previous quarter, according to figures supplied by Rasmussen.&

Rasmussen said he expects a re-acceleration of corporate Bitcoin purchases to begin as early as this year. Bitfinex head of derivatives Jag Kooner said renewed buying could follow if treasury companies regain premiums to the value of their Bitcoin holdings, but cautioned that investors have become more selective since the 2025 treasury boom.

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The former medical device maker has liquidated its Solana treasury and is offering to repurchase shares and warrants using its $223.8 million cash holdings.

SkyAI, formerly Sharps Technology, has sold its entire Solana (SOL) treasury and launched a tender offer to repurchase up to $201.3 million in shares and warrants, reversing its cryptocurrency accumulation strategy.

The company held approximately $223.8 million in cash as of Oct. 16 after liquidating its SOL holdings, according to a& filing& with the US Securities and Exchange Commission on Monday.

The tender offer allows shareholders and warrant holders to sell their securities directly back to SkyAI at a fixed price. It covers up to 95% of each class of the company’s outstanding shares and warrants, funded entirely by cash on hand.

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A Fairshake affiliate is supporting incumbent Aisha Wahab through ads in November, but the congresswoman already won a special election in the district.

Protect Progress, an affiliate of the cryptocurrency-aligned Fairshake super political action committee (PAC), reported spending $362,000 on ads to support a Democrat in California’s 14th congressional district, just weeks after she won a special election against the same opponent.&

According to a Sunday filing with the US Federal Election Commission (FEC), Protect Progress reported spending $362,000 on media supporting incumbent Democrat Aisha Wahab in the Bay Area district against her fellow party member, Melissa Hernandez.

Wahab defeated Hernandez in an Aug. 18 special election with more than 53% of the vote, raising questions about why the cryptocurrency industry-aligned PAC is supporting her in the 2026 midterms.&

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The financial agency is scheduled to close public comments on its ‘Regulation Crypto Assets’ proposed in August.

The US Securities and Exchange Commission (SEC) is set to move forward with digital asset policies after Congress failed to pass legislation that would have established a framework for regulating cryptocurrency at the agency and across other parts of government.

On Tuesday, the SEC will close to public comments on its ‘Regulation Crypto Assets,’ a set of rules proposed in August intended to create what the agency called a “clear and fit-for-purpose framework for certain investment contracts involving crypto assets.” Over the 60-day period, the agency gathered about 140 comments from interest groups and individuals on rules and regulations related to a proposed safe harbor that would prevent token issuers from being considered “investment contracts,” as well as exemptions for companies permitting offerings up to a certain amount.

The Markets in Crypto Assets (MiCA) Crypto Alliance, a group established to help organizations looking to implement the EU framework on digital assets, largely supported the SEC’s proposed changes to disclosure requirements. The alliance recommended specific amendments to have the SEC better define “concepts and data structures specific to crypto assets and the disclosure requirements.”

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Mesh will connect crypto and stablecoin wallets to Visa’s global payment network, allowing users to spend digital assets without a separate card.

Visa and crypto payments network Mesh have partnered to allow consumers to spend cryptocurrency and stablecoin balances directly from digital wallets at merchants across Visa’s global payment network.

The integration will allow users of participating wallets to pay in stores or online without transferring funds to a bank account or obtaining a separate crypto card, according to a Monday announcement from Mesh. Merchants will receive payments through Visa’s existing network without changing their checkout systems.

Visa’s network covers more than 175 million merchant locations across over 200 countries and territories. Mesh said participating wallets, supported devices and launch dates will be announced as rollout plans are finalized.

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The new service combines payment data and blockchain analytics to help banks detect suspicious stablecoin transactions before settlement.

Mastercard is extending its payment risk controls to stablecoin transactions by introducing a tool that lets financial institutions flag suspicious activity before funds move onchain, where recovering stolen funds can be difficult.

Unveiled Monday at the Money20/20 USA conference, Mastercard’s Stablecoin Security combines traditional payment data with blockchain analytics to identify fraud, scams, sanctions exposure and other financial crime risks. Borderless.xyz and Keyrails are the initial partners, with global commercial availability expected next year.

Banks already use fraud detection to monitor conventional payments. Stablecoins add complexity because funds can move across multiple wallets and blockchains, making it harder to assess risk throughout a transaction. Mastercard said Stablecoin Security can generate a risk score before a payment is completed, allowing banks to identify transactions that may require further review.

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The UK-based fintech will use the authorization to offer crypto services in additional international markets, though it has not disclosed specific countries or launch dates.

Revolut, a UK-based financial technology company and neobank, has received a cryptocurrency services license in Gibraltar, which it plans to use to expand its digital asset offerings into international markets beyond the UK and European Economic Area.

The Gibraltar Financial Services Commission (GFSC) granted a Distributed Ledger Technology (DLT) Provider license to Revolut Global Digital Assets Limited, a newly established subsidiary, according to a Monday announcement.

A Revolut spokesperson told Cointelegraph that the license will allow the company to offer crypto services in additional international markets, although specific countries and launch timelines have not been announced.

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The transaction would give Metaplanet access to US capital markets, where it plans to use preferred stock offerings to finance additional Bitcoin purchases.

Shareholders of Super League, a Nasdaq-listed gaming and digital media company, approved a deal that would give Japanese Bitcoin treasury firm Metaplanet a 93.7% ownership stake, paving the way for its expansion into US capital markets through a publicly traded Bitcoin treasury company.

According to a Monday announcement and filing with the US Securities and Exchange Commission (SEC), shareholders approved the issuance of as many as 435.9 million common shares under agreements involving Metaplanet and Evo Fund. Metaplanet will contribute 2,100 Bitcoin (BTC) and $2.5 million in cash in exchange for 44.86 million common shares, 100 shares of convertible perpetual preferred stock carrying governance rights and 10-year warrants for additional common stock.

The transaction would give Metaplanet control over the company, including the ability to designate a majority of its board and approve major corporate decisions. Metaplanet’s common shares will be subject to a five-year lock-up.

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The Bitcoin treasury company added another 1,223 BTC after an earlier purchase pushed it past MARA Holdings, while continuing to expand its reserves through equity financing.

Bitcoin treasury company Strive purchased 4,045 Bitcoin for approximately $335 million last week, bringing its total holdings to 36,818 BTC as it continues to expand its cryptocurrency reserves through equity financing.

The company acquired the Bitcoin (BTC) between Oct. 12-16 at an average price of $82,803 per coin, including fees and expenses, according to a Monday& filing& with the US Securities and Exchange Commission.

Strive is now the fourth-largest publicly traded corporate BTC holder, ahead of MARA Holdings, with reserves valued at approximately $3 billion, according to data from BitcoinTreasuries.net. MARA was reported to be selling some of its holdings, as Arkham tracked wallets linked to the miner depositing about $82 million worth of the crypto into Binance and Gate in recent days.

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Bitcoin price action failed to improve with equities as a sell wall at $83,000 kept BTC in a tight range.

Bitcoin (BTC) traded below $82,000 after Monday’s Wall Street open as crypto diverged from rising stocks and bond yields.

Key points:

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A proposed US bill would let crypto investors correct past tax reporting mistakes through a dedicated disclosure program, with reduced penalties for eligible taxpayers.

Crypto investors who failed to report trades in previous years may soon breathe a sigh of relief thanks to legislation currently advancing in the US Congress.

Section 502 of the Digital Asset Tax Certainty Act, H.R. 10357, would require the Treasury secretary to establish a Digital Asset Voluntary Disclosure Program within 12 months of the bill becoming law.

That would allow eligible taxpayers to correct any past digital asset tax violation by filing amended returns and paying the tax owed, along with interest and a program penalty.

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Nine public companies objected to having their shares offered in tokenized form by OKX and ICE, testing whether platforms can create blockchain-based markets without issuer consent.

Nine listed companies have formally objected to having their shares offered in tokenized form on the proposed tokenized stock platform backed by OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE).

The companies included Cerebras Systems, AppLovin, Applied Digital, Rocket Lab, CoreWeave, Verizon Communications, Applied Optoelectronics, Broadcom and UnitedHealth Group, according to a Thursday notice by OKX and ICE.

The notice did not disclose the reason behind the objection. Under the Securities and Exchange Commission’s Sept. 17 innovation exemption announcement, tokenized venues must give issuers written notice and an opportunity to object before listing third-party tokenized stocks.

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Strategy added 267 Bitcoin to its holdings as it bought back 1.94 million STRC shares and boosted its preferred stock buyback program to $3 billion.

Michael Saylor’s Strategy, the world’s largest publicly traded corporate Bitcoin holder, continued buying Bitcoin last week while spending nearly nine times as much repurchasing its preferred stock.

Strategy bought 267 Bitcoin for $22.1 million at an average price of $82,900 between Oct. 12 and Oct. 18, bringing its holdings to 848,517 BTC, according to a Monday filing with the US Securities and Exchange Commission (SEC).

The company also repurchased 1.94 million shares of its Stretch (STRC) preferred stock for $193.1 million and increased its digital credit securities buyback authorization to $3 billion from $2 billion.

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World Liberty Financial’s USD1 stablecoin saw its market cap decrease more than $400 million over two weeks of large redemptions on Ethereum and BNB Chain.

World Liberty Financial’s USD1 stablecoin has shed over $400 million in market capitalization over the past two weeks, driven by large redemptions on Ethereum and BNB Chain.&

On Monday, CoinGecko data showed USD1’s market capitalization at about $4.02 billion, down from $4.43 billion on Oct. 6. That’s a decline of approximately $401 million, or 9.1%. World Liberty Financial’s proof-of-reserves dashboard separately showed approximately $4.01 billion in reserves.

The decline extends a period of concentrated redemptions on Ethereum and BNB Chain, according to blockchain research firm Onchain Benchmark. The research platform found that nearly $200 million in BNB Chain redemptions originated from a single unidentified address, although they could not establish who controlled the funds or why they were redeemed.

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France’s National Assembly adopted a crypto tax amendment targeting certain stablecoin swaps, while separate proposals on exit taxes and self-custodial wallet reporting remain under consideration.

Update, Oct. 20, 7:48 am UTC: This article has been updated to include a delay in the National Assembly’s vote on the revenue section of the 2027 state budget.

French lawmakers narrowly approved a new crypto tax amendment on Friday that could make crypto-to-stablecoin swaps taxable events starting in 2027.

France’s National Assembly adopted Amendment I-3898 on Friday, with 38 votes in favor, 37 against and 25 abstentions. The measure was initially introduced as committee amendment I-CF1826 by French MP Nicolas Sansu and adopted on Oct. 7.

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Analysts expect Bitcoin to retest $80,000 support again as stock markets attempt to recover last week’s losses.

Bitcoin (BTC) starts the third week of October at $82,000 as crypto and stock markets begin a tentative rebound.

Key points:

A lighter week of US macro data prints will shift the market’s attention to corporate earnings as stocks rebound from last week’s sell-off. Some 15% of S&P 500 companies are due to report third-quarter earnings figures this week, including SpaceX on Tuesday and Tesla and Meta on Wednesday.&

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ESMA’s latest MiCA register update includes BingX, YouHodler and Banco Santander’s Openbank, bringing the total to 375 unique CASPs.

[Update 9:00 UTC, Oct. 20 - Updates with ESMA’s explanation of a technical issue that temporarily affected Penning Financial Services’ listing in the seventh paragraph.]

[Update 11:30 UTC, Oct. 19 - Updates with comment from Penning Financial Services in the sixth paragraph.]

The European Union’s Markets in Crypto-Assets Regulation (MiCA) register added nine crypto-asset service providers (CASPs), including BingX, bringing the total to 375 unique providers.

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JPMorgan is expanding its JPM Coin deposit token to Ethereum, allowing institutional clients to make payments and settle tokenized asset transactions.

Update (Oct. 20, 4:35 am UTC): This article has been updated to include comments from a JPMorgan spokesperson.

JPMorgan Chase, the world’s biggest bank by market capitalization, is expanding its JPM Coin deposit token to Ethereum.

In an announcement sent to Cointelegraph, JPMorgan said JPM Coin represents US dollar deposits held at the bank and lets eligible clients transfer funds within seconds, around the clock. A spokesperson told Cointelegraph that JPM Coin has been technically deployed on the Ethereum mainnet.

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