Latest news

01:41 Regulation

UK Sanctions Cryptomus, Heleket and TokenSpot in Broader Russia Crackdown

UK sanctions hit Cryptomus, Heleket and TokenSpot over Russia links The UK’s Foreign, Commonwealth & Development Office sanctioned crypto payment processors Cryptomus and Heleket, operated by Xeltox Enterprises Ltd., and Kyrgyzstani exchange TokenSpot CJSC as part of a broader package targeting Russia’s wartime economy. Chainalysis said Cryptomus and Heleket had received funds from more than 15,000 illicit actors, while TokenSpot was linked to the A7A5 sanctions-evasion network through flows converging on an HTX deposit address that took in over $308 million.

00:26 Regulation

Moscow Exchange Targets Dec. 1 Launch for Direct Cryptocurrency Trading

Moscow Exchange sets Dec. 1 launch for direct crypto trading Moscow Exchange plans to start direct cryptocurrency trading on Dec. 1, senior managing director Boris Blokhin said, with testing already underway with professional market participants. Under Russia’s new framework, unqualified investors will be limited to major assets including Bitcoin, Ethereum and USDT and face annual investment caps, while qualified investors will have broader access.

00:11 ETF & Funds

Bitwise to Liquidate Dogecoin ETF BWOW Before First Anniversary

Bitwise to liquidate Dogecoin ETF BWOW less than a year after launch Bitwise’s Dogecoin ETF, BWOW, is being liquidated before its first anniversary after struggling to attract assets. Trading on NYSE Arca will end on Oct. 14 and remaining investors are set to receive cash distributions on Oct. 22; the fund had about $725,870 in assets under management as of Oct. 7 and $51,480 in September trading volume. CEO Hunter Horsley called the spot Dogecoin ETF’s failure “tragic.”

22:26 Infrastructure

XRP Ledger’s BatchV1_1 Upgrade Nears Activation After Bug Fix Reset

XRPL’s BatchV1_1 upgrade heads for expected October 9 activation The XRP Ledger’s BatchV1_1 amendment is still in its activation window and is expected to go live around October 9 if validator support stays above the required threshold. The upgrade will let multiple transactions execute as one atomic group, after an earlier Batch version was stopped before activation when validators found a critical bug and reset the process around a fix.

21:40 Regulation

Blumenthal questions Cantor Fitzgerald over Tether reserve ties and sanctions controls

Blumenthal probes Cantor Fitzgerald over Tether reserves Sen. Richard Blumenthal, the top Democrat among Senate investigators, sent Cantor Fitzgerald CEO Brandon Lutnick a letter questioning the firm’s banking and sanctions controls over its partnership with Tether, whose USDT reserves are largely held in the U.S. under Cantor’s custody. He asked what steps Cantor took to investigate claims that USDT has been used in illicit finance, including Iran’s shadow banking network and Russia sanctions evasion. Neither Cantor Fitzgerald nor Tether immediately responded.

21:26 Market

Crypto Liquidations Top $1 Billion as Bitcoin Falls to $80,393

Crypto liquidations top $1B as Bitcoin drops to $80,393 More than $1 billion in crypto positions were liquidated in 24 hours as Bitcoin fell to $80,393 on Thursday, with roughly $930 million wiped from bullish bets, CoinGlass data shows. The move marked the biggest long-side liquidation wave in 90 days, while US spot Bitcoin ETFs saw $487 million in outflows, their largest since late June, as traders weighed hawkish Fed signals and rising Treasury yields.

20:55 Regulation

Coinbase to End Sports Event Contracts for Michigan Users on Oct. 10

Coinbase to halt sports prediction markets in Michigan Coinbase Financial Markets will stop offering sports-related event contracts to Michigan customers and close any open positions by 12 a.m. ET on Oct. 10 under an agreement announced Oct. 7 by the Michigan Gaming Control Board. The move makes Coinbase the third platform to retreat from the state after Kalshi and Robinhood, as Attorney General Dana Nessel says Michigan intends to bring “all sports betting into compliance with the law.”

18:42 Infrastructure

Derive Launches V3 and Moves Onchain Options Custody to Ethereum L1

Derive launches V3, moves options custody to Ethereum L1 Derive said its V3 migration is complete and trading has resumed, replacing Derive Chain with a zkVM-based exchange that keeps user funds in Ethereum L1 contracts. The upgrade keeps order matching offchain while using ZK proofs on Ethereum for margin and settlement, adds ETH, WBTC and HYPE borrowing, and lets traders margin ETH and BTC together. Balances and positions were migrated automatically, but trigger and TWAP orders must be resubmitted.

18:41 Regulation

UK sanctions crypto exchanges and payment firms over alleged Russia sanctions evasion

UK sanctions 3 crypto exchanges and 2 payment platforms over Russia links Britain on Oct. 8 sanctioned crypto-linked firms Xeltox Enterprises, TokenSpot, Processing KG, Tsunami Payments and payment platform Heleket, plus Processing KG director Ulan Bukabaev, as part of a 38-designation package tied to Russia’s war in Ukraine. The Foreign Office said it suspects the businesses helped Russia bypass sanctions, and said two of the targeted platforms processed or facilitated transactions involving the Kremlin-backed A7 network.

18:11 Court

NFL Urges Supreme Court to Hear New Jersey’s Challenge to Kalshi Sports Contracts

NFL backs New Jersey in Supreme Court fight over Kalshi sports contracts The NFL filed an amicus brief urging the Supreme Court to review New Jersey’s case against Kalshi, arguing sports-event contracts are gambling and should remain subject to state gambling laws rather than bypassing them under federal commodities rules. The move follows months of failed talks with Kalshi and Polymarket over contract types the league says threaten game integrity and consumer protections; the NBA has not taken a side yet.

15:56 Regulation

El Salvador Continues Daily Bitcoin Purchases Despite IMF Warning on Public Holdings

El Salvador keeps buying Bitcoin despite IMF warning El Salvador added 7 BTC over the past week, taking its reported holdings to 7,798 BTC worth more than $643 million, the country’s Bitcoin Office said. The purchases continued after the IMF said the government had failed criteria on public-sector crypto holdings under its $1.4 billion facility and that no further bitcoin accumulation was expected beyond documented donations.

15:12 Regulation

EU Parliament urges crypto scrutiny in anti-corruption strategy recommendations

EU lawmakers urge tougher crypto scrutiny in anti-corruption plan The European Parliament on Oct. 8 adopted a nonbinding resolution calling on the European Commission to tighten scrutiny of crypto assets, hidden ownership structures and digital tools in its upcoming anti-corruption strategy. MEPs also pushed for stronger powers to trace, freeze, confiscate and recover criminal proceeds, with the Commission expected to present the strategy by the end of 2026.

11:27 Security

CrowdStrike says Korean bank breach suspect used Claude to ask where to sell stolen data

CrowdStrike: Korean bank breach suspect asked Claude where to sell stolen data CrowdStrike said session logs left in open directories on attacker-controlled servers show the suspect behind recent South Korean bank breaches asked Claude Code where Korean breach data is sold and how to find Telegram groups trading it. In its Oct. 7 report, CrowdStrike said the campaign used the Chinese-built ARTEX pentesting tool and assessed with moderate confidence the actor is a financially motivated Chinese speaker.

11:26 Market

US government transfers 9,261 seized Bitcoin, worth about $770 million, to Coinbase Prime

US government moves 9,261 BTC to Coinbase Prime The US government transferred 9,261 BTC worth about $770 million to Coinbase Prime over the past two days, with funds traced by Galaxy Research to prior asset seizures. About half came from the Bitfinex hack, another portion from known Binance-related seizures, and 2,456 BTC from previously unknown holdings, potentially pointing to new federal law enforcement seizures.

10:41 Security

French-U.S. Probe Shuts Nudeleaksteens, Seizes $783,000 in Crypto

French-US operation shuts down Nudeleaksteens, seizes $783,000 in crypto French and U.S. authorities shut down Nudeleaksteens, a platform that sold stolen intimate images of more than 17,000 women and underage girls, and seized over $783,000 (€700,000) in crypto including bitcoin, ether, litecoin and USDT. Two brothers, 21 and 25, were arrested in northern France as alleged site administrators; prosecutors said the network used crypto to reward users for doxxing victims and selling explicit “packs,” including child sexual abuse material.

09:56 Regulation

ESMA sets Jan. 8 deadline for EU crypto firms to wind down non-compliant stablecoin exposure

ESMA tells EU crypto firms to stop non-MiCA stablecoin services ESMA said EU crypto firms authorized under MiCA should stop offering services tied to stablecoins that do not comply with the bloc’s rules, and told national regulators to ensure existing exposures are addressed as soon as possible and no later than Jan. 8, 2027. The guidance covers trading, exchange, custody, transfers, advice and portfolio management, while allowing only temporary, closely supervised services to help clients exit positions.

04:41 Ethereum

Ethereum tests near-200 million gas blocks on Sepolia ahead of Glamsterdam

Ethereum tests 200M gas budget for Glamsterdam on Sepolia Ethereum developers have raised Sepolia’s processing limit to nearly 200 million gas from about 60 million in a public rehearsal for the Glamsterdam upgrade, a change aimed at giving the network more room for payments and trades. Early test blocks used 26% to 46% of capacity, and a six-minute voting period produced all scheduled blocks with 99.97% of eligible stake reaching finality. Hoodi is tentatively planned for Oct. 27, while no mainnet activation date has been set.

02:12 Regulation

Cardano activates CIP-0113 for freezeable, compliance-focused native tokens

Cardano launches CIP-0113 for freezeable, compliance-enabled tokens The Cardano Foundation said CIP-0113 went live on mainnet on October 7, giving issuers of stablecoins and other regulated assets on-chain tools to freeze holdings, seize assets, restrict recipients, and enforce KYC, AML, sanctions, and transfer rules without a hard fork. The controls are opt-in and apply only to tokens that use the standard, not to ADA itself.

02:11 Regulation

South Korea FSC chief says digital-asset legislation will be accelerated

South Korea FSC chief vows to speed digital-asset legislation Financial Services Commission Chairman Lee Eog-weon told lawmakers on Oct. 8 he will push ahead with legislation to build a “sound” digital-asset ecosystem and tighten action against crypto-linked voice phishing, including wider suspicious-transaction detection. In the same parliamentary audit, Lee said the government would keep strict control over household debt while expanding support for vulnerable borrowers and end-user homebuyers.

01:26 Tokenization

Avalanche Tokenized US Treasury Market Climbs to Roughly $545 Million

Avalanche tokenized US Treasury market grows to about $545M Tokenized US Treasury products on Avalanche have reached roughly $545 million, up about fourfold over the past year, in a sign that institutional financial products are gaining traction on public blockchain rails. Assets from firms including Franklin Templeton and WisdomTree have helped drive the growth highlighted in an October 7 ecosystem update.

00:11 Security

Dunamu warns social media scam targets Upbit accounts and even read-only API keys

Upbit operator Dunamu warns of scam targeting API keys Dunamu said it has found numerous social media posts trying to rent or buy Upbit accounts and even read-only API keys under the guise of checking market data. The company warned there is no need to share authenticated credentials for basic price data, urged users to delete exposed or unused keys immediately, and said accounts rented out or tied to suspicious activity will be suspended and may be referred to investigators.

00:10 ETF & Funds

Grayscale XRP Trust ETF Adds In-Kind Creations and Anchorage as Second Custodian

Grayscale XRP ETF adds in-kind creations and Anchorage custody Grayscale’s XRP Trust ETF, GXRP, now lets authorized participants create and redeem shares with direct XRP transfers as well as cash, starting Sept. 29. Virtu Americas and Macquarie Capital support both routes, while Anchorage Digital Bank N.A. joins Coinbase Custody as a custodian effective Oct. 5, a move that could reduce trading costs and improve ETF pricing efficiency if participation is strong.

23:25 Stablecoins

Arbitrum DAO Considers 100 Million ARB Plan to Expand USDG Across the Network

Arbitrum DAO weighs 100M ARB push for Paxos stablecoin USDG Arbitrum has joined Paxos’ Global Dollar Network, and a new governance proposal asks the DAO to make USDG a strategic stablecoin across the ecosystem. The plan would add 100 million ARB to the DRIP incentive budget to fund USDG liquidity, integrations and adoption, in what could become one of Arbitrum’s biggest coordinated stablecoin incentive programs if approved.

23:11 Court

Former New Jersey Company Engineer Sentenced Over Bitcoin Extortion Sabotage

Ex-engineer gets 32 months for sabotaging employer and demanding 20 BTC Daniel Rhyne, a former core infrastructure engineer at a New Jersey industrial company, was sentenced on Sept. 28 to 32 months in federal prison after pleading guilty to damaging protected computers and extortion. Prosecutors said he used a hidden virtual machine to delete 13 admin accounts, change passwords across hundreds of users, servers and 3,200+ workstations, then demanded about 20 BTC, roughly $750,000 at the time, to stop further shutdowns.

22:26 ETF & Funds

Winklevoss Files for Spot Zcash ETF With 0.25% Fee and Potential $100 Million Interest

Winklevoss files for spot Zcash ETF with 0.25% fee Winklevoss Asset Services has filed an S-1 with the SEC for the Winklevoss Zcash ETF, a proposed Nasdaq-listed fund that would hold ZEC directly and trade under ticker WINK if approved. The preliminary prospectus sets a 0.25% sponsor fee, while Winklevoss Capital Fund said through affiliates it may buy up to $100 million of shares, though that interest is nonbinding and the filing does not mean SEC approval.

22:11 Regulation

Hyperliquid’s Singapore Base Draws Regulatory Scrutiny Over MAS Jurisdiction

MAS says Hyperliquid may sit outside its jurisdiction Singapore’s Monetary Authority is not aware of Hyperliquid being regulated in any major jurisdiction and does not consider the decentralized trading protocol to be based in Singapore, the Financial Times reported, potentially putting it outside MAS oversight despite Hyperliquid Labs saying it is headquartered there. The company said Hyperliquid is unregulated and has “never claimed to be” licensed or authorized by MAS.

21:40 Court

New York Jury Convicts Man in $53.3 Million Uranium Finance Exploit Case

New York jury convicts Jonathan Spalletta over $53.3M Uranium Finance exploit A New York jury on Wednesday found Jonathan Spalletta, 36, guilty of theft for exploiting flaws in Uranium Finance’s smart contracts in April 2021 and draining about $53.3 million, despite his defense that he only used tools the platform left open. Prosecutors said he also routed funds through Tornado Cash and spent some on collectibles, while agents later seized about $31 million in crypto and other items from his home.

21:26 Regulation

French Hill Urges Crypto Law Push as Senate Faces 22-Day Post-Election Window

French Hill renews push for US crypto law before Senate’s 22-day window House Financial Services Committee Chair French Hill said SEC and CFTC crypto actions “fell short” of the permanent framework Congress must provide, and urged lawmakers to pass the CLARITY Act in the post-election lame duck session. The push comes after the Senate blocked debate on the bill in September, 49-50 on a motion that needed 60 votes, leaving just 22 scheduled session days after November’s elections.

21:12 Prediction Markets

Polymarket Starts Live Testing of Protocol V2 With pUSD for New Markets

Polymarket starts live testing of Protocol V2 Polymarket has begun live testing Protocol V2, a major rebuild of the smart contracts behind its prediction markets that shifts new markets to a unified exchange architecture and pUSD collateral. Canary testing is set to run through Oct. 30, with Nov. 2 targeted for new markets to move to the updated system, while legacy positions will keep settling on the infrastructure where they were created.

21:11 ETF & Funds

US Ether ETFs Post $201.9M Outflow as Bitcoin Funds Add $118.8M

US spot Ether ETFs see $201.9M outflow as Bitcoin funds add $118.8M US spot Ethereum ETFs recorded $201.9 million in net outflows on Oct. 6, while US spot Bitcoin ETFs posted about $118.8 million in net inflows, according to Farside Investors. The full ETH outflow came from BlackRock’s ETHA, while BlackRock’s IBIT led BTC inflows with $122 million, marking a sharp one-day split in institutional flows between the two assets.

20:56 Security

Jonathan Spalletta Convicted in Uranium Finance Theft Case Over $55 Million Exploit

Jonathan Spalletta convicted over $55M Uranium Finance exploits A Manhattan federal jury convicted cybersecurity consultant Jonathan Spalletta on computer fraud and money laundering charges tied to two April 2021 attacks on Uranium Finance that drained nearly $55 million and forced the platform to shut down. Prosecutors said authorities have seized about $31 million in crypto and collectibles linked to the thefts; sentencing is set for Feb. 16, and the money laundering count carries a maximum 20-year prison term.

20:12 Tokenization

Binance Expands Margin Collateral to Include Four Tokenized Securities

Binance adds four tokenized stocks as margin collateral Binance has made four bStocks tokens eligible collateral across Cross Margin, Portfolio Margin and Portfolio Margin Pro: JPMorgan Chase token JPMB, Eli Lilly token LLYB, Securitize Corp token SECZB and StablecoinX token USDEB. The exchange is also opening trading pairs and adding Convert support, extending tokenized securities from trading into collateral use for eligible users in permitted jurisdictions.

20:11 Regulation

Moody’s Assigns Sky Protocol a B3 Rating, Citing Thin Capital as Main Risk

Moody’s rates Sky Protocol B3, flags thin capital as key weakness Moody’s assigned Sky Protocol, formerly MakerDAO, a B3 rating with a stable outlook in what it said is its first rating of a stablecoin protocol, but called Sky’s capital position a “material credit weakness.” As of September, Sky held about $90 million in tangible common equity against roughly $10 billion in tangible managed assets; Moody’s also cited confidence-sensitive stablecoin liabilities, DAO governance, and the lack of audited financial statements.

15:12 Security

Ethereum Attacker Drains 200 ETH From Legacy MakerDAO Keeper Tied to 2020 Auctions

MakerDAO legacy contract drained for 200 ETH in Ethereum exploit An unknown attacker exploited a missing access-control check in a legacy MakerDAO auction keeper on Ethereum on Oct. 6, 2026, withdrawing 200 ETH worth about $543,000, CertiK said. The flaw let the attacker gain full control over the contract’s MakerDAO Vat account and settle four unfinished “Black Thursday” 2020 auctions. The stolen funds began moving to Tornado Cash within six minutes.

13:26 Payments

Circle and Tereina Add USDC and EURC Payment Flows to SAP Pay

Circle and Tereina bring USDC and EURC to SAP Pay Circle and SAP-backed Tereina said eligible businesses will be able to send and receive USDC and EURC inside SAP Pay and SAP Cloud ERP, keeping stablecoin payments and reconciliation in existing finance workflows. Arc will be the preferred blockchain for the initial global payment flows, with customer proof-of-value programs planned in the coming months; the companies gave no timeline for full rollout or expected volumes.

12:56 Court

Former Engineer Sentenced to 32 Months Over Bitcoin Extortion Attack on Employer

Ex-engineer gets 32 months for Bitcoin ransom attack on employer Daniel Rhyne, a former core infrastructure engineer, was sentenced to 32 months in prison after pleading guilty to extortion and damaging a protected computer for attacking his employer’s network and demanding 20 BTC, then worth about $750,000. Prosecutors said he locked out IT administrators, deleted backups and admin accounts, changed passwords across hundreds of systems, and threatened to shut down 40 more servers a day unless paid by Dec. 2, 2023.

10:12 Infrastructure

Aptos Proposes MonoMove Upgrade, Citing Up to 55x Faster Smart Contract Execution

Aptos Labs unveils MonoMove execution engine upgrade Aptos Labs has proposed MonoMove, an upgrade to Aptos’ execution engine that it says ran some smart contracts up to 55x faster in internal tests while adding redundant safety checks for asset protection. In replayed mainnet transactions, collateral withdrawals on Decibel were up to 55x faster and order placement up to 22x faster; functional readiness is targeted for end-2026, with mainnet deployment planned for 2027 after a community governance vote.

09:26 Companies

Robinhood puts $25 million in Bitcoin on its balance sheet

Robinhood adds $25M in Bitcoin to corporate balance sheet Robinhood has bought $25 million worth of Bitcoin for its balance sheet, marking a direct treasury bet as it expands across crypto trading, perpetual futures, tokenized stocks, Bitstamp integration and its Ethereum Layer 2, Robinhood Chain. Crypto and international GM Johann Kerbrat said the purchase is meant to align the company and its vision more closely with the crypto community.

08:40 ETF & Funds

US Spot Ethereum ETFs Post Sixth Straight Outflow Day as Demand Signals Stay Weak

US spot Ethereum ETFs log sixth straight day of outflows US spot Ethereum ETFs saw $201.9 million in net outflows on Oct. 6, their biggest daily withdrawal since mid-September, extending a six-session streak to $407.8 million since Sept. 29, SoSoValue data shows. ETH initially held up during the run but later fell to an intraday low of $2,591.71 and was trading near $2,617.76, down 2.9% over 24 hours, while US spot Bitcoin ETFs added $118.9 million.

08:11 Regulation

Russia Publishes First Licensed Crypto Exchange and Custody Operators

Russia registers first licensed crypto exchanges and custodians Russia’s central bank has published its first registers of authorized crypto operators under rules that took effect on Sept. 1, listing four exchange operators and five custodians, including Sberbank and VTB. Sberbank, Russia’s largest bank, said it plans to launch its first crypto products on Dec. 1 with support for Bitcoin, Ether and USDt across SberBank Online, SberInvestments and SberBusiness.

04:41 Tokenization

Securitize Gains on LG CNS Deal Aimed at South Korea’s Tokenized Securities Push

Securitize rises after LG CNS deal targets South Korea tokenized securities Securitize shares gained about 8% after the company signed an MoU with LG CNS to build tokenized-asset and digital-asset infrastructure for South Korean financial institutions, including a review of joint work on tokenized funds, stocks and stablecoins. The deal lands as South Korea’s FSC pushes new rules for tokenized stocks, bonds and funds, due to take effect in February 2027.

04:41 Regulation

Cardano Activates CIP-0113 for Regulated Tokens With Freeze and Transfer Controls

Cardano Foundation launches CIP-0113 for regulated asset controls Cardano Foundation has made CIP-0113 live on the network, a token standard for regulated stablecoins, funds and bonds that lets issuers restrict recipients and freeze, seize or transfer holdings under defined compliance rules. The standard enforces identity and sanctions checks on every transfer using existing Cardano capabilities, with no hard fork, and follows independent security audits.

03:11 Regulation

DAXA releases H2 2026 policy brief on South Korea’s digital-asset market

DAXA issues H2 2026 digital-asset policy roadmap for South Korea South Korea’s Digital Asset eXchange Alliance (DAXA) has published a policy brief for the second half of 2026 laying out steps to institutionalize the country’s digital-asset market. The roadmap covers stablecoins, RWA tokens and the Virtual Asset User Protection Act, with proposals on user protection, market surveillance, governance, payments and settlement, foreign investment, and AML.

00:40 Regulation

South Korea Moves to Mandate Reporting of Cross-Border Crypto Transfers

South Korea to mandate reporting of cross-border crypto transfers South Korea plans to require cross-border virtual-asset transfers to be reported to the Bank of Korea’s foreign-exchange network, with data shared with the National Tax Service, Korea Customs Service, Financial Supervisory Service, and Financial Intelligence Unit. A proposed revision to the Foreign Exchange Transactions Act enforcement decree would create a new “virtual asset transfer services” category, set registration rules, and allow one-strike revocation for illegal remittances, with the changes slated to take effect on Dec. 3.

00:25 Companies

Igloo to Wind Down Abstract on Dec. 15 After Product-Market Fit Struggles

Igloo to shut down Abstract layer-2 on Dec. 15, 2026 Igloo Inc. will shut down its consumer-focused Ethereum layer-2 Abstract on Dec. 15, 2026, after failing to find product-market fit despite 18 months of funding, tens of millions of dollars in losses, 144 apps, more than 400,000 users, and partnerships including Red Bull Racing and Disney. Users have been told to bridge assets off the chain before the deadline or funds will become inaccessible.

23:56 Bitcoin

US Government Wallets Move 833.6 BTC and $31.6M in BNB After Six-Week Pause

US government moves 833.6 BTC in first transfer since Aug. 26 U.S. government-linked wallets moved 833.6 BTC worth just over $71 million on Tuesday, marking their first bitcoin transfer in six weeks. The transfers included test transactions to Coinbase Prime and coins tied to the 2016 Bitfinex hack and the Potapenko-Turogin fraud case; separate forfeited FTX wallets also moved 40,285.07 BNB worth about $31.63 million. The government still holds 323,693.83 BTC valued at roughly $27.72 billion.

23:55 Companies

OKX Extends Funding Round at $25 Billion Valuation With Backing From Circle, Ripple and SC Ventures

OKX extends funding round at $25 billion pre-money valuation Circle, Qube Research & Technologies, Ripple and SC Ventures, Standard Chartered’s venture arm, have invested in crypto exchange OKX at an unchanged $25 billion pre-money valuation, extending a round led by Intercontinental Exchange in March. OKX did not disclose the amount raised; CEO Star Xu said the capital will support growth and plans to tokenize real-world assets.

22:56 Regulation

Hyperliquid Registered in Singapore but Reportedly Outside MAS Oversight

Hyperliquid registered in Singapore but outside MAS oversight, FT reports Hyperliquid has confirmed it is registered in Singapore, but the Monetary Authority of Singapore reportedly does not view the platform as under its jurisdiction because of its decentralized design, the Financial Times reported. MAS added Hyperliquid to its crypto warning list on June 26, saying the entry is a warning rather than a ban, while the platform said it never applied for a licence and that users keep control of their own funds.

22:55 Security

Bitget Says Withdrawals Have Fully Reopened After $387.5 Million Hack

Bitget says withdrawals fully reopened after $387.5M hack Bitget CEO Gracy Chen said the exchange has fully resumed withdrawals after the Sept. 24 theft of about $387.5 million, which Chainalysis attributed to North Korean hackers. Chen said Bitget replenished its protection fund to above $300 million and has more than $1 billion in capital outside it, while investigators found no evidence of insider involvement so far and the exchange tightened approvals, reset credentials, and disabled the vulnerable third-party function.

22:40 Regulation

CFTC Proposes Federal Path for Retail Leveraged Crypto Exchanges

CFTC proposes federal regime for retail leveraged crypto trading The CFTC has proposed a new federal framework for crypto exchanges offering leveraged trading to retail customers, creating a registration path for a new “crypto asset market” category. Announced by Chairman Michael S. Selig on Oct. 5, the plan would add market surveillance, customer fund safeguards and possible proof-of-reserves rules, while treating assets sent to a customer’s external wallet within 28 days as generally meeting “actual delivery.”