As we speak’s information suggestions:
UK plans to compensate Chinese victims of $6.8 billion Bitcoin scam
Financial Times: Trump family earns over $1 billion a year from cryptocurrency business
YZi Labs announces $50 million funding lead for stablecoin project Better Payment Network
Eric Trump Confirms Plans to Tokenize Real Estate with World Liberty Financial
Coinbase Launches “Blue Carpet Project” to Simplify and Strengthen Support for Asset Issuers
Changpeng Zhao calls on Coinbase to list more BNB Chain ecosystem projects
Regulation & Macro
US SEC Chairman Plans a Path to Support Innovation in Cryptocurrency and Tokenization Regulation
In response to The Block, U.S. Securities and Trade Fee (SEC) Chairman Paul Atkins hopes that innovation in the cryptocurrency business will flourish because the SEC prioritizes its regulation and explores regulatory pathways. At Fintech Week in Washington, DC, on Wednesday, he reiterated that cryptocurrency and tokenization are the SEC’s “prime precedence,” stating that a strong framework shall be established to draw expertise coming back from the US whereas fostering a sound framework to advertise innovation. He half-jokingly referred to the SEC because the “Securities and Innovation Fee.” Atkins additionally talked about plans for innovation exemptions, amongst different initiatives, with the purpose of making “tremendous apps” that may deliver collectively a number of regulators centered on cryptocurrency. He questioned why firms would want to register with a number of companies if everybody shared the identical purpose. The authorities shutdown, now in its second week, has stalled the SEC’s work. Congress failed to achieve a funding settlement earlier this month, resulting in unpaid worker furloughs and vital restrictions on federal company operations.
UK plans to compensate Chinese victims of $6.8 billion Bitcoin scam
In response to Decrypt, British prosecutors are planning to compensate victims of a almost $7 billion Bitcoin rip-off in China, regardless of the UK authorities’s intention to retain many of the funds. In September, Chinese language citizen Qian Zhimin pleaded responsible to possessing $6.8 billion value of Bitcoin as legal property. Between 2014 and 2017, Qian defrauded over 128,000 Chinese language residents through fraudulent investments. Qian then transformed the proceeds into Bitcoin and tried to launder them, fleeing to the UK with cast paperwork. The London Metropolitan Police seized the stolen Bitcoin between 2018 and 2021. Prosecutors have but to launch particulars of the compensation package deal. Jackson Ng, a lawyer representing the traders, said, “Given the unprecedented scale of the seizure and public debate over the potential proceeds, our place is evident: compensation for the victims should be prioritized.” Nevertheless, Nick Harris, CEO of the UK-based crypto asset restoration agency CryptoCare, warned that the UK might retain the seized Bitcoin underneath related legal guidelines and mechanisms, doubtlessly leaving victims dissatisfied.
Fed Governor Milan warns: Trade uncertainty intensifies, urgency for rate cuts increases
Bank of England says it will remove stablecoin restrictions once economic threat eases
In response to Bloomberg, the Financial institution of England (BoE) stated it should take away proposed limits on the quantity of stablecoins that people and companies can maintain as soon as digital belongings not pose a risk to the economic system. Deputy Governor Sarah Breeden famous that fast adoption of stablecoins may set off a “large” outflow of financial institution deposits, hindering the circulate of credit score to companies and households. To this finish, the BoE is contemplating restrictions on the quantity of systemic stablecoins held by purchasers, the general measurement of stablecoins, and the quantity of transactions. These restrictions are meant to be “short-term” and shall be lifted as soon as it’s decided that the transition not threatens financing for the true economic system. Beforehand, consultants had expressed concern that these restrictions would hinder the adoption of stablecoins pegged to the British pound, however this assertion represents a vital softening of the BoE’s coverage stance. Breeden additionally said that if preliminary rules are relaxed and stablecoin utilization surges, subsequent rule modifications could also be crucial, however giant companies might be exempted from holding further stablecoins if crucial. She disputed criticism that the UK is lagging behind in the stablecoin sector and said that the UK will launch a session later and finalize a regulatory framework subsequent year that aligns with US goals.
In response to Bloomberg, Erik Thedéen, chairman of the Basel Committee on Banking Supervision, stated on Wednesday that the fast progress of stablecoins may immediate international policymakers to reassess new financial institution capital requirements for crypto belongings. He said that stablecoins are presently a sizzling matter, however when policymakers develop new crypto asset capital guidelines in 2022, they “won’t be a focus,” so “this is without doubt one of the the explanation why we may have to debate and consider.” Nevertheless, he added that any modifications would require a “very thorough” course of and discussions with the committee’s member states, a few of which have already applied the package deal. The measures, initially scheduled for implementation subsequent year, would require banks to cost the identical punitive capital costs for holding most stablecoins as for holding riskier cryptocurrencies like Bitcoin.
India’s central bank governor: We hope to promote central bank digital currency in India
Governor of the Reserve Financial institution of India: We hope to advertise central financial institution digital forex in India, not cryptocurrency or stablecoin.
Mission Information
US regulators approve billionaire-backed new bank ‘Erebor’ for launch
In response to the Monetary Occasions, US regulators have given preliminary, conditional approval to Erebor, a new financial institution based by Palmer Luckey and Joe Lonsdale. The financial institution’s goal purchasers are “innovation economic system” firms and traders concerned in crypto, AI, protection, and manufacturing. Erebor, backed by $275 million in capital, plans to deal with digital companies, filling the market hole left by the collapse of SVB. Stablecoins shall be a key focus. The co-founders beforehand donated to Trump’s 2024 re-election marketing campaign however declare they obtained no particular approval. Erebor, headquartered in Columbus, Ohio, with a New York workplace, is anticipated to formally open in the approaching months. Stablecoins shall be a key element of the financial institution’s operations. Co-CEOs are Jacob Hirshman and Owen Rapaport. Luckey and Lonsdale won’t be concerned in day-to-day operations.
Polymarket Launches Stock “Up/Down” Prediction Market: Users Can Bet on Stock Price Trends
Polymarket has formally launched the Up/Down Fairness Markets, permitting customers to position “up/down” bets on the long run value of a particular inventory.
In response to Bloomberg, stablecoin issuer Paxos said that it mistakenly minted 300 trillion PYUSD stablecoins early this morning, however destroyed the tokens minutes later. The quantity of this misguided transaction far exceeds the dimensions of each the normal forex market and all the crypto market. There are presently roughly $2.4 trillion in US {dollars} in circulation. Tether’s USDT, the world’s largest stablecoin, has a market capitalization of $180.6 billion, whereas all the cryptocurrency market is valued at roughly $3.8 trillion. Moreover, Paxos officers said: “This was an inner technical failure. No safety breach occurred. Buyer funds are protected. The root trigger has been recognized and resolved.”
Meteora: MET token distribution query tool will be launched today at 20:00
Meteora, the Solana ecosystem’s liquidity protocol, introduced on the X platform that the MET token allocation question device will formally launch at 8:00 PM Beijing Time on October 16, 2025. On this web site, customers can select to say the liquidity distributor NFT (first-come, first-served, 7% of the entire), view the entire token allocation breakdown by issue, browse the TGE launch web site, and watch associated movies. Word: Customers don’t must register to obtain MET tokens; the default possibility is to obtain MET tokens. Customers solely want to pick out the declare possibility in the event that they want to obtain the liquidity distributor NFT.
Binance Completes Acquisition of South Korean Crypto Exchange Gopax
Binance has accomplished its acquisition of Gopax, a South Korean cryptocurrency trade, in response to a report by The Block, citing native South Korean information outlet MK. On Wednesday, after a delay of greater than two years, the South Korean Monetary Intelligence Evaluation Service authorized a change in key administration personnel at Gopax. Gopax utilized for this transformation in February 2023, after Binance acquired a 67% majority stake. Beforehand, South Korean regulators had delayed absolutely approving Binance’s acquisition of Gopax, citing potential anti-money laundering dangers. Native media stories point out that the approval seems to have been pushed by Binance’s decision of compliance points in america. This approval indicators Binance’s re-entry into the South Korean market after closing its native operations in 2021.
In response to SolanaFloor, Jupiter introduced main structural modifications to the JUP ecosystem. The DAO will shift to high-impact governance, with fewer proposals and the elimination of working teams. The JUP redemption interval shall be shortened from 30 days to 7 days. The DAO will maintain a separate vote on whether or not to burn the 121 million JUP presently held by the Litterbox Belief (roughly 3.8% of the circulating provide), adopted by one other vote on the best way to handle future income.
Coinbase Launches “Blue Carpet Project” to Simplify and Strengthen Support for Asset Issuers
In response to an official weblog put up, Coinbase introduced the launch of “The Blue Carpet Program,” a new suite of merchandise and companies designed to streamline and strengthen help for asset issuers, from preliminary utility through post-listing. The program gives issuers with direct entry to the Coinbase itemizing crew for personalised steering, together with personalized sources to assist tasks precisely showcase themselves, join with dependable companions, and adapt to evolving regulatory requirements.
Eric Trump Confirms Plans to Tokenize Real Estate with World Liberty Financial
In response to CoinDesk, Eric Trump, son of US President Donald Trump and co-founder of the decentralized finance protocol WLFI, has said that he’s actively pursuing a actual property tokenization mission associated to buildings presently underneath improvement. He said that the mission may supply fractional possession to the general public, probably through a cryptocurrency channel constructed by World Liberty Monetary. Beforehand, WLFI co-founder Zach Witkoff had proposed tokenizing Trump’s actual property portfolio and placing it on a blockchain.
Kraken-incubated Ethereum L2 project Ink launches Tydro, a lending protocol based on Aave v3
In response to The Block, Kraken-backed Ethereum Layer 2 community Ink has formally launched Tydro, a white-label lending protocol constructed on Aave v3 and supporting its native INK token as an incentive. Tydro will function the core DeFi infrastructure of the Ink ecosystem, initially supporting belongings akin to wETH, kBTC, USDG, USDT0, and GHO. Customers can accumulate factors to take part in future airdrops, and Kraken plans to combine Tydro into its centralized trade merchandise. The complete locked worth of Ink’s on-chain belongings has exceeded $140 million.
Sony Bank subsidiary Connectia Trust is applying for a U.S. national banking license
In response to Decrypt, Sony’s utility paperwork point out that its banking division is making use of for a U.S. nationwide banking license. Upon approval, its subsidiary, Connectia Belief, will have the ability to conduct “particular companies involving cryptocurrencies.” Sony plans to have the brand new belief establishment subject stablecoins pegged to the U.S. greenback, maintain corresponding reserve belongings, and present custody and digital asset administration companies. The utility paperwork additionally state that in the preliminary phases of operations, the belief financial institution will conduct digital asset enterprise authorized by the Workplace of the Comptroller of the Foreign money, together with issuing U.S. greenback stablecoins, holding reserves, offering non-trust custody companies, and offering belief asset administration for associated events. Sony Financial institution is a part of Sony Group, a multinational company that additionally owns PlayStation maker Sony Interactive Leisure. It needs to be famous that the 2 firms are unbiased of one another and are each members of the a whole lot of firms and subsidiaries underneath the Sony Group.
Dota 2’s official YouTube channel was briefly hacked to promote the Solana meme coin.
In response to Decrypt, the official Dota 2 YouTube channel was briefly hacked on Wednesday, with the attacker selling a Solana-based token, dota2coin, through a fraudulent livestream. Whereas there’s presently no proof of person information compromise, Decrypt confirmed the existence of the video through log information. The livestream, titled “Dota 2 Official Meme Coin Launch | Come Fast,” included a hyperlink to the PumpFun token, whose description in flip linked again to the official Dota 2 channel. As of press time, the meme coin’s market capitalization has fallen to roughly $5,500, down roughly 21% from its launch. On-chain information reveals that the token was created inside hours of the assault, with lower than 3% of the bonding curve progressing, and over 98% of the token provide concentrated in a single pockets.
In response to Decrypt, US cybersecurity agency Socket reported that a North Korean hacker group uploaded over 300 malicious code packages to the favored software program repository npm. Disguised as misspelled variations of standard libraries (akin to categorical and hardhat), these packages have been implanted with malware able to stealing passwords and crypto-wallet keys. This operation, dubbed “Infectious Interview,” concerned hackers impersonating technical recruiters and concentrating on blockchain and Web3 builders. A number of the malicious packages remained on-line after roughly 50,000 downloads. Researchers traced the malicious code again to the North Korean group through code patterns, with the loader script utilizing reminiscence decryption strategies to keep away from leaving traces. Though GitHub has strengthened its verification and eliminated some malicious packages, provide chain safety threats proceed to unfold.
ZachXBT has revealed that its investigation into the 2024 Bittensor ($TAO) theft led to the identification of a suspect and a white hat bounty for his or her work. The case resulted in the theft of over $28 million from 32 TAO holders. ZachXBT uncovered the theft by linking on-chain transaction traces, Railgun privateness protocol flows, Avalanche bridge information, and uncommon NFT wash gross sales (akin to the acquisition of anime NFTs at costs considerably above the ground value) to the deal with of a former worker.
Typus Finance was attacked by a oracle vulnerability and has urgently suspended all contracts
Typus Finance introduced that its TLP contract was attacked roughly an hour in the past by exploiting a vulnerability in the oracle’s permission verification mechanism. To guard customers, the crew has instantly suspended all good contracts and is collaborating with the Sui Basis to conduct an pressing investigation. Additional particulars and response plans shall be launched later.
SoloTex receives FINRA approval to launch blockchain-based stock trading platform in the US
In response to CoinDesk, Texture Capital and Sologenic’s SoloTex platform has obtained FINRA approval and plans to supply “actual on-chain” inventory possession to US retail customers. Constructed by Texture Capital, a FINRA-registered broker-dealer, the platform goals to tokenize conventional shares and settle them on-chain, making it accessible to retail merchants. Executives said that SoloTex will allow compliant issuance, custody, and secondary buying and selling, supporting the tokenization and switch of US inventory belongings.
In response to Binance’s official announcement, the platform doesn’t revenue from the coin itemizing course of, and all token allocations to mission events shall be used 100% for person incentive actions akin to Alpha Airdrop, Launchpool, holding airdrops, and buying and selling competitions. Mission events are required to pay a refundable deposit to guard person pursuits and constrain the mission’s subsequent operational efficiency. As soon as the dedication is fulfilled, the deposit shall be absolutely refunded. Binance emphasizes that its core income mannequin is transaction charges, not itemizing charges. At the moment, 217 tasks have joined the Alpha program, 103 have launched contracts, and 36 have launched spot merchandise. Binance additionally apologized for the sooner customer support response incident, stating that the communication technique was inappropriate and that it’ll strengthen communication with the group.
Financial Times: Trump family earns over $1 billion a year from cryptocurrency business
In response to the Monetary Occasions, an investigation revealed that US President Trump and his family earned over $1 billion in pre-tax earnings from cryptocurrency companies over the previous year. The investigation revealed that the Trump family’s cryptocurrency empire encompasses a number of tasks, together with digital buying and selling playing cards, meme cash, stablecoins, tokens, and decentralized finance platforms. The Trump and MELANIA meme cash generated roughly $427 million in gross sales and transaction charges. World Liberty Monetary generated $550 million in income from the sale of its WLFI governance token, and $2.71 billion in USD1 stablecoin gross sales.
In response to crypto influencer @satoshiheist, Lighter CEO Vladimir Novakovski revealed in a Russian interview that elective two-factor authentication for withdrawals is on the event roadmap. Spot buying and selling will launch in late October or early November, initially with ETH and BTC (probably together with WBTC), adopted by Meme cash and companion tokens, with zero or minimal charges. The particular timeline is but to be introduced. Relating to function improvement, cross-margin performance shall be launched earlier than the tip of the year, supporting spot buying and selling as collateral for perpetual swaps. EVM “sidecar” and good contract extensions shall be launched early subsequent year. RWA derivatives will launch earlier than the tip of the year, choices will launch subsequent year, and darkish pool buying and selling shall be scheduled later in the year. The ecosystem shall be constructed on the Ethereum structure. Relating to the token economics mannequin, 25%-30% of tokens shall be used for airdrops in the primary and second quarters, with a complete group allocation of fifty% (the rest shall be used for future airdrops, partnerships, and funded tasks). Season 2 actions will proceed till across the TGE, with funding resuming each Friday. The token may have a buyback and a number of makes use of, and governance rights shall be accessible roughly two years from now. The platform has applied measures to stop fraudulent buying and selling, and high-frequency merchants could also be compelled to pay a payment. Novakovski predicts that the market shall be risky for 1-2 weeks and recommends strengthening threat administration.
Changpeng Zhao calls on Coinbase to list more BNB Chain ecosystem projects
Changpeng Zhao posted on the X platform: “I am calling on Coinbase to record extra tasks from BNB Chain. Binance has already listed a number of Base tasks. I do not suppose Coinbase has listed any BNB Chain tasks but. Furthermore, BNB Chain is a extra lively chain. This isn’t a buying and selling suggestion. I simply made this suggestion as a result of we’re discussing subjects akin to openness and inclusiveness. And I consider it should even be useful for exchanges.”
Earlier information, Zhao Changpeng said that the exchanges that did not list BNB may be partly due to competitive reasons, but economic factors will ultimately prevail .
Coinbase to Launch Yield Basis Perpetual Contracts
In response to Coinbase Markets, buying and selling for the Yield Foundation (YB) perpetual contract will launch in supported areas at 14:00 UTC on October 15, topic to liquidity circumstances being met.
Binance Alpha to List ANOME (ANOME) and SubHub (SUBHUB)
Binance Alpha will record ANOME (ANOME) and SubHub (SUBHUB) and will airdrop each tokens on October seventeenth. Eligible customers can declare the airdrop utilizing Binance Alpha Factors on the Alpha occasion web page after buying and selling opens. Detailed particulars shall be introduced individually.
Binance will carry out pockets upkeep on the Ethereum community (ETH) at 2:00 PM (GMT+8) on October 17, 2025. To help this upkeep, Binance will droop deposits and withdrawals on the Ethereum community (ETH) at 1:55 PM (GMT+8) on October 17, 2025. The upkeep is anticipated to take one hour, and deposits and withdrawals will resume mechanically after the upkeep is full.
Coinbase to List DoubleZero (2Z) with an “Experimental” Label
Coinbase Markets introduced that it’ll open spot buying and selling of DoubleZero (2Z) in opposition to the US greenback at 1:00 AM (Beijing Time) on October 17, 2025, topic to liquidity circumstances being met. 2Z is the Solana community’s SPL token, with the contract deal with J6pQQ3…Mfvd. Deposits are solely supported on that community; misuse of different chains will consequence in asset loss. The token shall be labeled “experimental” and shall be accessible to institutional customers through Coinbase Trade.
Coinbase will suspend OMNI perpetual contract trading on October 21 and conduct final settlement
Coinbase Markets introduced that it’ll droop buying and selling of Omni Community (OMNI) perpetual contracts at 6:30 PM (Beijing Time) on October 21, 2025. The closing settlement value would be the common index value for the 60 minutes previous to the suspension, and the ultimate funding price cycle shall be set to 0. All open positions shall be mechanically settled, and Coinbase reserves the correct to regulate the settlement value.
Yield Basis (YB) Now Available on Binance Alpha
Binance Alpha Lists Recall Network (RECALL)
Binance: Astra Nova related Pre-TGE event participation threshold is 256 Alpha Points
Coinbase Adds BNB (BNB) to Its Asset Roadmap
Funding and Financing
BlackRock and Nvidia lead $40 billion Aligned acquisition to expand AI data center infrastructure
In response to the Monetary Occasions, a consortium comprising BlackRock, Nvidia, xAI, and Microsoft introduced the acquisition of US information middle big Aligned Information Facilities for roughly $40 billion. This transfer goals to satisfy the quickly rising international demand for AI computing energy. The consortium, which additionally consists of GIP, MGX, Temasek, and the Kuwait Funding Authority, plans to double Aligned’s 50 campuses in the Americas and leverage a $100 billion capital pool through the AI Infrastructure Partnership for additional acquisitions and improvement.
YZi Labs announces $50 million funding lead for stablecoin project Better Payment Network
YZi Labs has formally introduced that it has led a $50 million funding spherical in the Higher Cost Community (BPN) to speed up the event of a multi-stablecoin cost infrastructure, furthering its dedication to supporting scalable, real-world blockchain functions that join conventional finance with on-chain techniques. The newly raised funds will primarily be used to determine preliminary on-chain liquidity swimming pools for stablecoin-to-stablecoin channels and develop an early market-making ecosystem. BPN, in response to the corporate, goals to bridge CeFi and DeFi by offering a unified layer on the BNB chain for the minting, trade, and settlement of fiat-backed stablecoins, enabling quicker, lower-cost, and regulatory-compliant cross-border funds throughout international markets.
In response to Businesswire, crypto trade Kraken introduced that it has acquired Small Trade, a Designated Contract Market (DCM) licensed by the U.S. Commodity Futures Buying and selling Fee (CFTC), from IG Group for $100 million. The press launch said that this transfer paves the best way for Kraken to launch a absolutely home derivatives product suite in the U.S., creating a deep and subtle home buying and selling venue in the world’s largest capital market.
Institutional holdings
Bitmine allegedly received 104,336 ETH worth $416 million from CEX via 5 new wallets
In response to Onchain Lens, 5 newly created wallets obtained 104,336 ETH value $416 million from BitGo and Kraken, and these wallets are prone to belong to Bitmine.
Viewpoint
Glassnode: Bitcoin needs a new catalyst to avoid a “deeper correction”
In response to Cointelegraph, Glassnode stated in a report launched on Wednesday: “With out new catalysts to push costs again above $117,100, the market will face the danger of additional contraction in the direction of the decrease restrict of the vary.” Glassnode identified: “Traditionally, when costs fail to carry this vary, it typically foreshadows a long-term medium- to long-term correction.” The company additionally talked about that there has been a rise in profit-taking habits by long-term holders not too long ago, which can point out “demand exhaustion.”
Essential information
In response to an article revealed on the X platform by the on-chain evaluation platform Arkham, $2.4 billion value of Bitcoin has been transferred from wallets related to Chen Zhi. That is one other switch after the beforehand disclosed seizure of $14.1 billion value of Bitcoin, which signifies that the US authorities might have seized a further $2.4 billion value of Bitcoin from Chen Zhi. At the moment, these Bitcoins are saved in an unauthorized pockets deal with that isn’t talked about in any courtroom paperwork. The associated operation could also be an unannounced seizure operation.
A “Bitcoin OG” transferred 2,000 BTC worth $222 million to 51 new wallets
A newly created wallet withdrew 1,000 BTC from Binance, equivalent to approximately $110 million.
A whale/institution bought 10,000 ETH again through OTC bottom fishing
A new wallet withdrew $16.92 million worth of LINK tokens from Binance
