Regulation
Celsius Founder Barred From Crypto Industries
Mashinsky faces permanent industry ban after $35M fraud settlement. The ruling resolves a 2023 civil case against him.
Regulation
XRP Ledger Fix Vulnerability That Could Create XRP From Nothing
XRP Ledger developers fixed a bug that allowed creation of XRP without real assets. The flaw could have led to billions in fake tokens.
Why it matters: The patch prevents unauthorized XRP generation, protecting users and the network from fraud.
Today's briefing
Regulation
New York AG orders Celsius founder to pay $35 million
New York attorney general has ordered Alex Mashinsky to pay $35 million and face a lifetime crypto ban. The order follows an investigation into alleged misconduct.
News
ny attorney general collects 35 million from ex-celsius chief
new york attorney general letitia james obtained up to 35 million dollars from alex mashinsky, former ceo of celsius. the settlement includes a lifetime ban from crypto and securities sectors.
Regulation
Drug Market Operator Gets 40-Year Sentence, Loses $101M in Bitcoin
A dark web drug market operator was sentenced to 40 years in prison and ordered to forfeit $101 million in bitcoin. The ruling marks a significant enforcement action against illegal crypto use.
Business
Bitcoin insurer raises $37.5 million in funding round
Meanwhile, a bitcoin insurance company backed by Sam Altman raised $37.5 million. Bain Capital and other crypto investors led the round.
Markets
Wall Street firms eye tokenized assets as major growth area
Citrini suggests tokenization could outpace bitcoin and ether in Wall Street's focus. JPMorgan estimates $50 billion has moved into crypto this year.
Markets
Ether ETFs Lose Momentum as Solana Funds Reverse Trend
Ether ETFs recorded weekly outflows for nine consecutive days. Solana funds ended a 14-week inflow streak. Bitcoin ETFs also saw outflows.
Markets
tokenized oil and commodities gain traction in lending markets
tokenized oil and commodities are expanding into lending markets, offering new collateral options. platforms are testing these assets as collateral for crypto loans.
Markets
altcoins show uneven recovery one year after 10/10
bitcoin and ether liquidity have rebounded, but altcoins remain volatile. the market is still testing recovery after a year of uncertainty.
Security
Tron Activates Quantum-Resistant Security on Testnet
Tron has deployed post-quantum cryptography on its testnet. The move is part of a plan to transition to mainnet.
Business
Bitcoin insurer raises fresh capital amid global volatility
Meanwhile, a Bitcoin life insurer backed by Sam Altman, raised additional funds. The move reflects growing international interest in its policies as macroeconomic conditions worsen.
Markets
Bitcoin's price swings now more frequent than 2018
Bitcoin's volatility has dropped, but extreme price swings are more common than in 2018. The average daily price swing has increased compared to the previous year.
More from the wire
Research
apac stablecoin adoption projected to rise by 2031
the report highlights growing interest in digital assets for everyday transactions.
Regulation
U.s. targets iranian crypto assets in new sanctions
the treasury department has seized over $1 billion in digital assets tied to iran. the action is part of ongoing sanctions enforcement.
Regulation
Thorchain Vault Funds Temporarily Frozen by Tether
Thorchain's technical co-founder claims Tether froze and later unfroze USDT vaults without explanation. The incident raises concerns about transparency in stablecoin operations.
News
ledger probes crypto thefts linked to reseller
ledger is investigating losses tied to a southeast asian reseller. researchers estimate over 72 million in suspected crypto thefts.
Security
Crypto wallet reseller accused of draining users
A Southeast Asian Ledger reseller is accused of draining users' funds. The alleged theft involves millions of dollars.
Regulation
Blockchain.com seeks CFTC licenses for prediction markets
Blockchain.com has filed for two CFTC licenses to operate prediction markets. The move comes amid ongoing legal debates over the classification of such platforms.
Regulation
Blockchain.com Applies for Trading Licenses Ahead of IPO
Blockchain.com has filed for DCM and FCM licenses to trade crypto derivatives. The firm plans to list on a public market with a $500 million valuation.
Markets
Wealthy investors adopt crypto faster than their advisors
High-net-worth individuals are increasing crypto holdings, while their financial advisors remain cautious. OKX secures fresh capital as firms shift more funds to buybacks.
Markets
Bitcoin nears $82.5K amid Ledger breach speculation
Bitcoin dipped below $82.5K after Ledger security concerns emerged. Markets remain cautious as crypto faces potential hardware wallet risks.
Security
Ledger probes crypto theft linked to reseller
Ledger is looking into claims of $86 million in crypto losses tied to a reseller. Users in Southeast Asia reported fund drains after buying products from CryptoBilis.
News
us seeks to seize 1 billion dollars in iranian crypto assets
the us government is targeting a $1 billion seizure of crypto linked to iran. the move follows months of sanctions and freezes on iranian assets.
Regulation
Dragonfly Adviser Urges Blockchain Proactive Measures
Dragonfly's Qureshi argues asset migration is not a viable solution if AI breaks cryptographic signatures. He urges blockchains to adopt proactive measures.
Security
France reports 90 crypto crimes in 7 months
French authorities recorded 90 crypto-related incidents involving violence and threats. The country is now considered a high-risk area for cryptocurrency users.
Markets
Base sees stock tokenization gains
Base creator Jesse Pollak claims equities and non-dollar stablecoins will drive tokenization growth. Coinbase launched tokenized stocks on Base six weeks ago, with daily trading volume between $70 million and $100 million.
Regulation
Dwf Labs Sues BitGo Over $141M Token Lock-Up Claim
Dwf Labs subsidiaries allege BitGo failed to release locked tokens. The lawsuit seeks $141 million in damages.
Markets
Bitcoin rises as Trump's Iran policy sparks market shift
Liquidation pressure hit long positions in crypto markets.
Regulation
esma probes tokenized collateral liquidity in crisis scenarios
esma is requesting industry input on risks of tokenized collateral. the european securities and markets authority wants to assess legal and operational challenges before considering new regulations.
Regulation
Thailand Regulator Approves Bitcoin And Ether ETFs
Thailand's securities regulator has approved exchange-traded funds for bitcoin and ether. The new rules will take effect on october 16.
News
uk targets crypto platforms linked to russian entities
the uk sanctioned three crypto exchanges and payment processors connected to thousands of russian entities. one of the exchanges, htX, was specifically named in the action.
Business
Bitcoin insurer raises fresh capital
Meanwhile, a bitcoin life insurer backed by Sam Altman, raised $37.5 million in new funding. The round was led by Bain Capital Crypto and brings total funding for the company above $180 million.
Regulation
Thailand permits bitcoin and ether exchange-traded funds
Thailand's securities exchange has approved the listing of bitcoin and ether exchange-traded funds. The move allows local investors to trade these assets through regulated products.
Regulation
France to tax stablecoin swaps in 2027 budget
French lawmakers approved a tax on stablecoin swaps and unrealized crypto gains for households moving abroad with over 800,000 euros.
News
uk targets crypto platforms for suspected russia ties
the uk has sanctioned three cryptocurrency exchanges for alleged links to russia. the action follows a probe into their compliance with sanctions.
Markets
Bitcoin traders shift 55K coins to exchanges amid liquidations
Bitcoin fell below $81,000, triggering $1.1B in liquidations. Traders moved 55,000 BTC to exchanges, likely to offset losses.
Business
Mara Moves Bitcoin to Galaxy Amid AI Strategy Shift
Mara transferred 81.1 million dollars worth of bitcoin to Galaxy Digital. The move signals a shift in focus toward artificial intelligence.
Markets
Bitcoin and Ether ETFs Lose Over $885 Million in October
Bitcoin ETFs lost $244 million on Thursday. Ether funds saw outflows of $641 million, extending their streak to eight consecutive days.
Markets
XRP ETFs Gain Amid Bitcoin and Ethereum Fund Outflows
XRP exchange-traded funds saw inflows while Bitcoin and Ethereum funds recorded outflows. Zcash funds also posted outflows. The movement reflects shifting investor sentiment.
Markets
Bitcoin Lending Platform Secures $500M For New Tech
A bitcoin lending platform announced new technology backed by $500 million in funding. The platform plans to launch the tech soon.
