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October 14, 2026

Regulation

Sberbank Cleared to Trade Crypto in Russia After Depository Approval

Sberbank wins crypto exchange approval in Russia Russia’s central bank has added Sberbank to its register of authorized digital currency exchanges, days after granting it digital depository status, giving the bank both trading and custody roles under the new law. Sberbank said it plans to offer Bitcoin, Ethereum and USDT through SberBank Online, SberInvestments and SberBusiness from Dec. 1, subject to final Bank of Russia decisions and secondary rules.

Regulation

OCC report links some crypto banking limits to reputational concerns

OCC says banks restricted some crypto services over reputational concerns The US Office of the Comptroller of the Currency said in a 47-page debanking report that some banks had public and nonpublic policies limiting services to digital asset issuers, exchanges and administrators, often citing financial crime concerns. The regulator said it found from a review of nine major banks that these decisions were driven not by financial risk but by fears of negative headlines, protests and reputational damage, though it gave no specific crypto examples.

Regulation

Perpetuals.com Seeks SEC Exemption for U.S. Tokenized Stock Trading Venue

Perpetuals.com files for SEC-exempt tokenized stock venue in the US Nasdaq-listed Perpetuals.com filed notice Wednesday to run a U.S. tokenized securities marketplace under the SEC’s new five-year “innovation exemption,” becoming the second applicant after the OKX-ICE venture. The venue would be operated by Delaware subsidiary Kephas Corp, use permissioned AMM pools on the company’s Kronos X layer-2, and could start trading as early as mid-November if reviews and compliance work are completed.

Payments

Polygon closes Coinme acquisition, extends U.S. payments coverage to 48 states

Polygon completes Coinme deal, adds 4 payment firms to Open Money Stack Polygon Labs has closed its acquisition of Coinme, adding 37 state money transmitter licenses and 11 exemptions covering 48 U.S. states to its Open Money Stack payments business. The company also said Tazapay, Mesh, Toku and Kira are adopting the platform for cross-border payments, funding, payroll and dollar banking services, while the unified integration remains in technical preview for selected customers.

Stablecoins

Qivalis Secures Dutch EMI License Ahead of Planned Euro Stablecoin Issuance

Qivalis wins Dutch EMI license, moves toward euro stablecoin launch Qivalis has received Electronic Money Institution authorization from De Nederlandsche Bank, clearing a key step toward issuing a euro-denominated stablecoin under the EU’s MiCA rules. The Amsterdam-based banking consortium said issuance is planned in the coming months, subject to additional MiCA requirements and publication of its white paper.

Court

Sam Bankman-Fried asks Supreme Court to review FTX fraud conviction and $11B forfeiture

SBF asks US Supreme Court to review FTX fraud conviction Sam Bankman-Fried has petitioned the US Supreme Court after losing his Second Circuit appeal, with the government’s response now due Nov. 16 after an extension from Oct. 15. His lawyers argue the jury should have heard evidence that customers would be repaid and say his $11 billion forfeiture violated the Eighth Amendment; if the court takes the case, a ruling could come by June 2027.

Regulation

France Committee Backs Tax on Crypto-to-Stablecoin Swaps Under 2027 Budget Plan

French committee backs 31.4% tax on crypto-to-stablecoin swaps France’s National Assembly finance committee has backed a draft 2027 budget amendment that would apply a 31.4% tax to crypto swaps into EU MiCA-regulated stablecoins, a break from the current rule that crypto-to-crypto trades usually are not taxed. The measure was approved on October 7 and could take effect on January 1, 2027; Chainalysis’ France head Francois Volpeau said it risks pushing traders toward offshore venues and assets outside EU regulation.

Regulation

EU Crypto Market Contracts to 367 MiCA-Authorized Firms After Transition Ends

EU crypto market shrank to 367 MiCA-authorized firms after July 1 cutoff The EU’s final MiCA transition ended on July 1, 2026, and by early October ESMA listed just 367 active CASPs, down from the thousands of national VASP registrations that existed before. Germany leads with 103 authorizations, while former crypto hubs Lithuania and Estonia have only 6 and 3. More than 85 entries belong to banking groups, underscoring how the post-MiCA market is becoming smaller, stricter and more tied to traditional finance.

Infrastructure

Pi Network Awaits Oct. 16 Protocol 28 Activation After Node Upgrade Deadline

Pi Network sets Oct. 16 Mainnet upgrade after node software deadline Pi Network told node operators to install Protocol 28 by Oct. 13 ahead of a planned Mainnet upgrade on Oct. 16, but there is still no auditable public figure showing how many active Mainnet validators are running v28. Pi says the release is meant to improve handling of delayed transaction data, coordinated smart contract upgrades and safer contract state changes, while the actual activation and any network impact still need confirmation after the switch.

Security

sven.eth-Linked Wallet Drained After Malicious EIP-7702 Delegation

sven.eth wallet drained after malicious EIP-7702 authorization A wallet tied to sven.eth lost 9.1231 ETH, worth about $22,770, and 1.69271471 TAPEETH after an attacker used a signed EIP-7702 delegation to run malicious code from the victim’s account, security firm ExVul said. ExVul said the theft was not caused by a bug in TAPEETH or PodMining, and the malicious delegation was still active at Ethereum block 26,188,153, leaving any new deposits at risk until it is cleared or replaced.

ETF & Funds

Strive Plans Offering of 5 Million SATS Preferred Shares With 15% Annual Dividend

Strive plans IPO of 5M SATS preferred shares with 15% dividend Nasdaq-listed Strive (ASST) said it plans an initial offering of 5 million Series A perpetual preferred shares, SATS, paying a 15% annual dividend on a $100 stated value. The company said net proceeds may be used for general corporate purposes including buying bitcoin and related products, and it plans to set aside $22.50 per share at closing to cover the first 18 months of dividend payments, subject to market conditions.

Market

Binance to Delist EPIC and QUICK Spot Pairs on Oct. 28 After Latest Review

Binance to delist EPIC and QUICK spot pairs on Oct. 28 Binance said it will remove all spot trading pairs for Epic Chain (EPIC) and QuickSwap (QUICK) on Oct. 28 after its latest reviews, which consider factors including trading volume, development activity and team commitment. After the announcement, QUICK fell about 10% and was still down 6.69% 17 minutes later, while EPIC dropped about 9% before rebounding to trade 5.61% above its pre-announcement level.

Infrastructure

Optimism token rises after Unichain shifts production operations to OP Enterprise

OP jumps as Unichain hands operations to OP Enterprise Optimism’s OP rose as much as 19.4% in 24 hours to $0.1621, before easing to about $0.156, after Uniswap said Unichain will move production operations to OP Enterprise. The shift leaves chain ID, contracts, balances and existing Uniswap v2, v3 and v4 deployments unchanged, while Optimism takes over sequencers, RPC services, monitoring and incident response across mainnet and testnet.

Infrastructure

Starknet launches Shadow Accounts to separate DeFi activity from main wallets

Starknet launches Shadow Accounts for private DeFi activity Starknet has rolled out Shadow Accounts, a wallet privacy feature that lets users use DeFi apps without publicly linking activity to their main wallets. The feature creates separate persistent addresses for each app, funded from the STRK20 privacy pool, so lending, trading and other positions can sit under different onchain identities, though balances, transactions and positions remain visible onchain.

Security

Coinbase urges early planning for a future Bitcoin move to post-quantum security

Coinbase calls for early Bitcoin quantum migration planning Coinbase urged Bitcoin developers to start preparing now for future quantum-computing risks, warning in an Oct. 13 technical paper that a security upgrade could take years to coordinate. The company said Bitcoin’s shift to post-quantum protection would require wallet, fee, network-capacity and node-verification changes, and pointed to draft approaches including BIP-360, P2TRv2 and a phased hybrid-wallet migration rather than a final design or activation date.

Regulation

South Korean Lawmaker Seeks Delay to Crypto Tax, Citing Gaps in Data and Loss Rules

South Korean lawmaker urges delay to crypto tax rollout Min Byoung-dug of South Korea’s Democratic Party said the digital-asset tax due next year should be postponed because the country still lacks key systems, including access to overseas exchange trading data and a rule to carry forward investment losses. Min said taxing now would unfairly hit users of domestic platforms, could push traders offshore, and should wait until the Basic Digital Asset Act and a phased implementation timetable are in place.

Regulation

SEC and CFTC Push Ahead on Crypto Rules With Only Three Commissioners in Place

SEC quorum change sharpens focus on thin US crypto oversight Only three commissioners across the SEC and CFTC are now making key US crypto regulatory decisions as Congress remains stalled on market-structure legislation. The SEC has just Paul Atkins and Mark Uyeda left, and a Sept. 30 rule change effective Oct. 2 means one commissioner can count as a quorum in some cases, while the CFTC has only one Senate-confirmed commissioner, Michael Selig, as both agencies continue advancing crypto rules under existing law.

October 13, 2026

Security

Ledger Expands Sales Halt Request for Resellers in Southeast Asia and Hong Kong

Ledger asks resellers in Southeast Asia and Hong Kong to halt sales Ledger has told sellers and distributors in Indonesia, Singapore, Thailand, the Philippines, Vietnam, Malaysia and Hong Kong to suspend sales and pull its hardware wallets from shelves while it investigates reports of tampered devices. The company said the only confirmed incidents so far are in Southeast Asia and it has no indication its infrastructure, systems, services or direct sales channel were compromised.

Regulation

South Korea Orders Blocks on 27 Unregistered Crypto Exchange Websites

South Korea orders blocks on 27 unregistered crypto exchange websites South Korea’s Financial Intelligence Unit said Oct. 13 it ordered blocks on 27 overseas crypto exchange websites, extending earlier app-store restrictions to platforms including KuCoin, MEXC, BingX, Phemex, XT.com, Bitrue, CoinW, Poloniex, BTCC and BitMart. Exchanges serving Korean users must obtain ISMS certification and file with the FIU, and authorities said they will monitor alternative domains and may impose more blocks.

Court

UK court says Chinese law governs claims over 61,000 BTC tied to £4.1B fraud

UK court says Chinese law governs claims to seized 61,000 BTC A UK High Court judge ruled that Chinese law, not English law, must govern victims’ claims to more than 61,000 BTC seized in London from assets linked to Zhimin Qian’s fraud. The court said the contracts, investor payments and Bitcoin purchases were rooted in China, but did not decide who owns the crypto or how much victims may recover under Section 281 proceedings.

Security

Coinbase Joins US and UK Operation Targeting West African Scam Networks

Coinbase joins US-UK crackdown on West African scam networks Coinbase said it took part in an Oct. 6–9 operation in London with the US Department of Justice’s Scam Center Strike Force and the UK’s National Crime Agency to disrupt West African scam networks. The exchange said its investigators traced illicit crypto flows, shared intelligence in real time and helped support asset freezes tied to schemes including fake crypto investments, police impersonation and staged video-call arrests.

Security

Fake SHIB Airdrop Scam Prompts Fresh Warning From Shiba Inu Community Accounts

Fake SHIB airdrop scam targets wallet approvals Shiba Inu community accounts warned that a fake “SHIB airdrop” is circulating on X, luring users to complete a wallet verification check and connect their wallets. Marzael.shib said no such token distribution exists and called it “a drainer,” while BSCN warned that signing malicious approvals can let scammers transfer tokens without taking a victim’s password.

Companies

Strive Reports $208 Million in Warrant Exercises as Bitcoin Holdings Reach 32,773 BTC

Strive becomes fifth-largest public corporate Bitcoin holder Strive said it bought 3,311 BTC in the week ending Oct. 9 at an average price of about $84,500, lifting its total holdings to 32,773 BTC and making it the fifth-largest publicly traded corporate Bitcoin holder. The company said the purchases were funded as investors exercised $208 million in warrants, and that its Bitcoin reserves rose 11.2% during the period, outpacing a 9.4% increase in effective common share count.

DeFi

Aave DAO Passes Funding Update Covering GHO Buyback, V4 Launch Budget and Credit Pilot

Aave DAO approves funding update with GHO buyback and up to $10M credit pilot Aave DAO approved its August/September 2026 funding update, authorizing the MainnetSwapSteward to buy 4M GHO for the Prime instance, renewing the Aave Liquidity Committee budget for six months, and setting up up to $10M for asset-backed private credit pilot deployments. The package also includes up to 5.25M USDC for forthcoming Aave V4 launches and reimbursements of 69,939.27 to TokenLogic and 1,818,102 to Aave Labs.

Regulation

FSB says stablecoin oversight still breaks down across borders

FSB flags cross-border stablecoin oversight gaps in new G20 note The Financial Stability Board said in an October 12 note that global stablecoins can create redemption and reserve risks that no single regulator can fully see across borders and blockchains. It estimated the market at about $300 billion in mid-2026, with 99% in dollar-pegged tokens, and proposed better monitoring of reserve locations, holder geography and redemptions rather than a new binding licensing regime.

Regulation

DOJ Reviews Binance’s Compliance With 2023 Plea Deal During Iran Sanctions Probe

DOJ reviews Binance compliance with $4.3 billion 2023 settlement The US Justice Department is reviewing whether Binance complied with its 2023 plea deal as prosecutors investigate whether the exchange knowingly allowed transactions that violated Iran sanctions, Bloomberg reported, citing Criminal Division head Tyson Duva. Duva did not say Binance breached the settlement, and no new charges have been filed, but a violation could reopen criminal prosecution and expose Binance to new multibillion-dollar penalties.

Web3

ENS seeks DAO approval to activate ENSv2 on Ethereum mainnet

ENS DAO asked to approve ENSv2 mainnet activation Ethereum Name Service is seeking DAO approval to activate ENSv2 on Ethereum mainnet, upgrading its registry design and shifting remaining admin control of the new contracts to the DAO. If passed, new .eth registrations on the old registrar would pause for several hours while records sync to the upgraded system, while existing holders could keep using and renewing names without migrating.

Court

UK High Court Says Chinese Law Governs Claims to Seized 61,000 BTC

UK court says Chinese law governs claims to seized 61,000 BTC The High Court in London ruled that Chinese law, not English law, should govern fraud victims’ claims to 61,000 BTC seized from convicted fraudster Zhimin Qian, a setback for thousands seeking a share of the haul now worth about $5 billion. Judge Turner said the fraud, payments and contracts were all in China, but the ruling does not decide who ultimately keeps the Bitcoin; questions over Chinese law will be addressed later.

Security

Autheo probes suspected bridge exploit after THEO drops more than 90%

Autheo investigates suspected THEO bridge exploit after 90% price collapse Autheo told holders on Oct. 13 not to buy, sell, or bridge THEO while it investigates a suspected exploit that sent the token down more than 90%. PeckShield said an attacker minted 19 million THEO on Base, swapped them for 700.8 ETH worth about $1.76 million, and bridged the proceeds to Ethereum. Separate claims of 119 million unauthorized THEO minted via a possible Hyperlane vulnerability remain unconfirmed by Autheo.

Security

UK Trader Says Armed Intruders Forced Transfer of Nearly $800,000 in Crypto

UK crypto trader says armed intruders stole about $800,000 in Solana and USDC A UK-based crypto trader said intruders taped him up, held him at knifepoint and forced the theft of about $800,000 on Monday night. The Solana wallet he flagged received 346.13 SOL and 718,735.8 USDC between 10:38 p.m. and 10:58 p.m. on Oct. 12, then was drained after he posted publicly on X at 1:09 a.m.; the funds moved out by 1:41 a.m., with roughly $756,000 traced on-chain.

Payments

Visa Wins Initial China Approval to Enter Domestic Yuan Card-Clearing Market

China clears Visa to start path into domestic yuan card market China’s central bank approved preparations for Visa’s local unit to set up a bank-card clearing institution, the first step toward a full license to process onshore yuan card payments through its own network. The move would let Visa issue yuan cards in China after final reviews, opening more competition in a market long dominated by UnionPay.

Stablecoins

TRON Reports $2.21 Trillion in Q3 Stablecoin Settlement as Activity and Liquidity Rise

TRON says Q3 stablecoin settlement hit $2.21T TRON DAO’s Q3 2026 ecosystem report says the network passed $30 trillion in cumulative transaction volume, while stablecoin settlement reached $2.21 trillion and average daily settlement rose 3.9% quarter on quarter to $24.05 billion. The report also said USDT and USDD supply on TRON grew 5.5% from Q2 to $93.88 billion, TVL including staking hit $28.21 billion, and rolling monthly active addresses rose 9.8% to 18 million.

Mining

Binance to Close Pool, Cloud Mining and Related Services on Nov. 10

Binance to shut down Pool, Cloud Mining and related services on Nov. 10 Binance will permanently close Binance Pool and related mining services on Nov. 10, 2026 at 07:00 UTC, when it will disconnect mining equipment, disable Stratum addresses and stop accepting hashrate. Pool Savings, Cloud Mining, Transaction Accelerator, mining APIs and alerts will also end, while eligible unpaid rewards and refunds will be processed under Binance’s rules; historical mining pages stay available until Nov. 24.

Security

Ledger Says All Verified Hardware Wallet Thefts in Probe Trace to CryptoBilis

Ledger says all confirmed wallet thefts in its hardware tampering probe trace to CryptoBilis In a 72-hour update on Oct. 12, Ledger said all verified compromises involve devices sold by Southeast Asian reseller CryptoBilis, while its own manufacturing, internal systems and direct sales channels remain uncompromised. Security researchers found modified units with added circuitry designed to capture 24-word seed phrases and send them over cellular networks; Ledger said reports of similar tampering in European retail markets are still unverified.

Regulation

Kraken Secures Full Dubai VARA Approval Ahead of UAE Trading Launch

Kraken gets full Dubai VARA approval ahead of UAE launch Payward, Kraken’s parent company, said it has received Full Market Approval from Dubai’s Virtual Asset Regulatory Authority, clearing it to operate as a regulated virtual asset service provider for retail, professional and institutional clients in the UAE. Kraken said it plans to go live in the coming weeks with dirham spot and margin pairs, local deposits and withdrawals, staking and xStocks, while derivatives remain subject to further regulatory approval later in 2026 and 2027.

Infrastructure

Aptos Adds Optional Encrypted Mempool on Mainnet to Limit MEV Tactics

Aptos launches optional encrypted mempool on mainnet Aptos has rolled out an optional encrypted mempool on mainnet that hides transaction details until ordering is finalized, aiming to curb frontrunning and sandwich attacks. Compatible wallets and apps encrypt trades on-device before submission; validators can still see the sender address and gas fee but not assets or amounts until decryption after ordering. Encrypted transactions cost at least 2x the network’s base minimum gas price and added about 20 milliseconds per block in 50-node tests.

Regulation

South Korea to Block 27 Unregistered Crypto Websites in Expanded Enforcement Push

South Korea to block 27 unregistered crypto websites South Korea’s Financial Intelligence Unit said it will block domestic access to 27 unregistered virtual asset service provider websites still operating illegally, expanding an earlier crackdown that had focused on app installs and updates. Domestic sites will be shut down and overseas sites blocked in Korea; the FIU said it will help existing users withdraw funds through DAXA and keep tracking mirror sites and new operators.

October 12, 2026

Regulation

EU Council Backs Raising DLT Pilot Regime Limit to €300 Billion Despite ECB Objection

EU Council backs raising DLT Pilot Regime cap to €300bn EU finance ministers agreed their MISP negotiating position on Friday, backing a sharp increase in the DLT Pilot Regime limit for tokenized market infrastructures from €6 billion to €300 billion, above the European Commission’s proposed €100 billion, with a possible later rise to €500 billion via delegated act. ECB President Christine Lagarde objected, urging Parliament to revisit the figure over concerns DLT setups may not be interoperable and could fragment markets.

Bitcoin

Jeonbuk Bank Begins South Korea’s First Reported Bitcoin-Backed Bank Loan

Jeonbuk Bank launches South Korea’s first reported bitcoin-backed bank loan Jeonbuk Bank has executed what local reports describe as South Korea’s first traditional bank loan secured by bitcoin, letting businesses borrow Korean won for working capital without selling their BTC or placing it in the bank’s custody. Licensed third-party custodians hold the collateral, while the bank handles valuation and lending; key terms including rates, LTV and liquidation thresholds were not disclosed.

Regulation

Fairshake-linked PACs disclose $2.7 million push in key House races before midterms

Fairshake affiliates report $2.7M ad buy for 2026 pro-crypto House races With 22 days until the US midterms, Fairshake-linked PACs Defend American Jobs and Protect Progress disclosed $2.7 million in media and direct mail spending to back House candidates they consider supportive of digital asset policy. FEC filings show more than $76,000 for Tom Emmer, $73,000 for Glenn Thompson, $512,000 for Pete Aguilar, and $500,000 for Josh Gottheimer, as Fairshake said in August it had $122 million on hand for its midterm push.

Stablecoins

TRON Reports $2.21 Trillion in Q3 Stablecoin Settlement as Network Activity Expands

TRON says Q3 stablecoin settlement hit $2.21T TRON DAO said its Q3 2026 ecosystem report showed $2.21 trillion in stablecoin settlement during the quarter, with average daily volume up 3.9% from Q2 to $24.05 billion. The network also surpassed $30 trillion in cumulative transaction volume, while combined USDT and USDD supply reached $93.88 billion and rolling monthly active addresses rose 9.8% to 18 million.

Companies

Bitmine’s Ether Treasury Reaches 6.03 Million ETH After New Weekly Purchase

Bitmine Raises Ether Holdings to 6.03 Million ETH Bitmine said it added 12,532 ETH over the past week, lifting its total to 6,028,946 ETH, or 4.9% of Ether’s circulating supply, cementing its position as the largest corporate ETH holder. As of Oct. 12, the company said its ETH stake was worth about $15.3 billion at $2,544 per coin, with 84% of holdings staked and projected to generate roughly $336 million in annual rewards.

Market

Binance’s Ethereum Futures Share Rises to 49%, Highest Since 2023

Binance’s Ethereum futures share hits highest level since 2023 Binance now accounts for about 49% of Ethereum open interest across major centralized exchanges, its highest share since 2023, analyst Darkfost said. The gain came during an ETH pullback from $2,775 to $2,500 since late last month that wiped out about $345 million in long positions on Oct. 8-9, while Binance’s ETH-denominated open interest recovered to roughly 2.46 million ETH despite a $600 million drop in dollar terms.

Bitcoin

Strategy Raises Bitcoin Holdings to 848,250 BTC After Latest 250 BTC Purchase

Strategy boosts bitcoin holdings to 848,250 BTC Michael Saylor’s Strategy disclosed on Oct. 12 that it bought 250 BTC for about $21.5 million between Oct. 5 and Oct. 11, lifting its treasury to 848,250 BTC. The company said $21 million came from sales of 125,183 MSTR shares and $500,000 from cash; it also repurchased 1,932,145 STRC preferred shares for about $192.4 million. As of Oct. 11, Strategy held about $5.5 billion in reserves and cash.

Stablecoins

Standard Chartered launches RLUSD custody in Dubai, explores LMAX collateral use

Standard Chartered starts RLUSD custody on XRP Ledger in Dubai Standard Chartered has launched institutional custody for Ripple’s RLUSD stablecoin on the XRP Ledger through its DIFC branch, giving eligible clients regulated custody of the $1-pegged token. The bank is also working with Ripple and LMAX Group on a collateral-mirroring setup that would let institutions use RLUSD for trading without moving tokens to the venue, though that service is still pending testing, legal documents, approvals, and regulatory clearance.

Court

New York Secures Up to $35 Million Settlement and Lifetime Ban for Alex Mashinsky

New York settles with ex-Celsius CEO Alex Mashinsky New York Attorney General Letitia James said Alex Mashinsky, Celsius Network’s co-founder and former CEO, agreed to a settlement that can force him to pay up to $35 million and permanently bars him from the securities, commodities, and crypto industries. James said Mashinsky misled hundreds of thousands of investors, including more than 26,000 in New York, about Celsius’s safety and risk while hiding losses from risky investments.

Regulation

Payward receives full Dubai approval to launch Kraken services in the UAE

Kraken parent Payward wins full Dubai approval for UAE launch Payward has received full approval from Dubai’s Virtual Assets Regulatory Authority to launch crypto trading and financial services for retail, professional and institutional customers in the UAE. The initial rollout includes AED deposits and withdrawals, spot and margin trading, OTC access via Kraken Prime, on-chain staking and tokenized equities through xStocks. Payward said it plans to add crypto derivatives and more yield products in 2026 and 2027, subject to further approvals.

Regulation

Ukraine Orders 10-Year Sanctions on Five Crypto Platforms

Ukraine sanctions five crypto platforms for 10 years Ukraine has imposed 10-year sanctions on RAPIRA, ABCEX, Aifory Pro, WhiteBird and MarketCoin.io under an NSDC decision of Sept. 30 enacted by Presidential Decree No. 1037/2026 on Oct. 11. Proposed by the National Bank of Ukraine, the measures block the platforms’ websites and related Telegram channels in Ukraine, but do not include asset freezes. The Foreign Ministry was also told to urge the EU, US and other countries to consider similar steps.

Security

Ledger says confirmed Oct. 9 wallet-drain cases trace to CryptoBilis reseller devices

Ledger links confirmed wallet-drain cases to CryptoBilis reseller Ledger said all confirmed cases from the Oct. 9 draining incident involve devices sold by Southeast Asia reseller CryptoBilis, while its own systems and direct sales channels were unaffected. One affected device had an unauthorized hardware implant, though Ledger did not say that caused every loss. Galaxy Research’s Alex Thorn estimated stolen funds at $91 million, and CryptoBilis has stopped selling hardware wallets.

Regulation

South Korea’s 2027 Crypto Tax Leaves Overseas Derivatives Profits Outside Current Rules

South Korea to tax crypto spot gains, but overseas derivatives stay untaxed South Korea will start taxing residents’ income from transferring or lending virtual assets at 22% from next year, after netting annual gains and losses and applying a 2.5 million won deduction. But profits from crypto futures and options on overseas exchanges remain outside the current tax framework, as the Finance Ministry and Financial Services Commission have reportedly not exchanged official documents on the issue since 2022.