Topic: #latest-news
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Initia halts layer-1 chain and rollups after exploit reportedly drains $2.6 million
Initia halted its layer-1 blockchain and rollups on Friday after researchers reported an attacker minted unbacked tokens and moved more than $2.6 million in assets to Ethereum. Initia hasn't confirmed the losses or the cause.
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New York AG seeks $1.37 billion from NovaTech founders over crypto Ponzi scheme
New York AG Letitia James asked a court to order NovaTech founders Cynthia and Eddy Petion to pay $1.37 billion, following an August 2025 default judgment. Four promoters agreed to pay nearly $6 million in settlements.
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Cysic bridge exploiter sends $744,000 to Tornado Cash after 10% bounty offer
The wallet tied to the Cysic bridge exploit moved 300 ETH and 30.4 BNB (about $744,000) into Tornado Cash on Friday, according to PeckShield, a day after the Cysic Foundation offered a 10% recovery bounty.
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Malaysia, Thailand central banks join Singapore's BLOOM stablecoin initiative
Bank Negara Malaysia and the Bank of Thailand joined Singapore's BLOOM initiative as policymaker members. BLOOM is a public-private push to use stablecoins and tokenized deposits for cross-border payments.
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Bitcoin hashrate hits seven-month high as public miners shift capacity to AI
Bitcoin's hashrate reached a seven-month high even as public miners moved capacity to AI, BlocksBridge said, while Starknet's community backed post-quantum L1 research and PHP patched critical flaws.
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Fireblocks disputes Axios report of $2.5 billion Visa acquisition talks
Fireblocks told Cointelegraph that reports of a possible Visa acquisition are "not true at present time," after Axios reported advanced talks valued at about $2.5 billion. Visa declined to comment.
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DWF Labs says Bitcoin ETF flows follow BTC price moves rather than predict them
DWF Labs research covering 694 trading days found US spot Bitcoin ETF flows tracked BTC's prior price moves (0.54 correlation) but gave almost no signal on the next five days (0.03).
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Starknet voters back research into post-quantum layer-1 split from Ethereum
Starknet's community backed research into turning the Ethereum layer-2 into an independent, post-quantum layer-1 in a non-binding poll. StarkWare's CEO hopes to publish a draft whitepaper in November.
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Shinhan Card, SBI to test yen stablecoin payments for Japan-Korea travelers
Shinhan Card signed an agreement with SBI VC Trade and SBI XDC Network APAC to test yen stablecoin card payments, wallet-to-wallet payments and cross-border trade settlement between South Korea and Japan.
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Bank Negara Malaysia launches SSDS+ ledger platform for tokenized bonds and sukuk
Bank Negara Malaysia launched SSDS+, a distributed ledger platform for issuing and holding tokenized bonds, including sukuk. It links to the RENTAS+ system, which settles the bond payments in central bank money.
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FINMA approves what it calls Switzerland's first retail Bitcoin ETF
Swiss regulator FINMA approved what it said is the country's first Bitcoin ETF that invests directly in BTC and is open to retail investors. It named no issuer and gave no launch date.
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Drift exploiter moves $61M in ETH to Tornado Cash, still holds $194M
A wallet tied to the April 1 Drift Protocol hack sent about $61 million in Ether to Tornado Cash on Tuesday, Lookonchain said, while Arkham data showed the exploiter's addresses still held roughly $194 million.
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Ex-FTX COO Constance Wang says Netflix's The Altruists trailer upset her in 30 seconds
Constance Wang, FTX's former COO, said the trailer for Netflix's FTX drama The Altruists upset her within 30 seconds, and that its portrayals of Sam Bankman-Fried and Caroline Ellison didn't match her experience.
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Kazakhstan court orders curbs on Coinbase, BingX and four other crypto platforms
Kazakhstan's AIFC court barred six crypto platforms, including Coinbase and BingX, from offering unlicensed digital-asset services and extended restrictions to Apple and Google app stores, AFSA said.
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BlackRock files for buffered Bitcoin ETF PBIT, still no Solana or XRP fund
BlackRock filed a preliminary SEC prospectus on Monday for the iShares Bitcoin Managed Protection ETF (PBIT), a proposed fund that would use IBIT options to limit losses while capping gains.
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Revolut secures Gibraltar DLT license to take crypto services beyond UK and EEA
Revolut says Gibraltar's financial regulator granted a DLT Provider license to a new subsidiary. The fintech plans to use it to offer crypto in markets outside the UK and EEA, but it hasn't named countries or dates.
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Strive buys $335 million in Bitcoin, lifting its holdings to 36,818 BTC
Strive bought 4,045 BTC for about $335 million between Oct. 12 and Oct. 16 at an average of $82,803 per coin, per a Monday SEC filing, and now ranks as the fourth-largest public corporate holder, according to BitcoinTreasuries.net data.
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Broadcom, Verizon among nine companies objecting to OKX-ICE tokenized shares
Nine listed companies, including Broadcom, Verizon and UnitedHealth Group, objected to having their shares tokenized on a proposed OKX and ICE platform, according to a notice that gave no reason.
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BingX, YouHodler join ESMA's MiCA register as CASP total reaches 375
ESMA's Friday MiCA register update added nine crypto-asset service providers, including BingX's Austrian entity, YouHodler's Italian arm and Santander's Openbank Deutschland, bringing the total to 375 unique CASPs.
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France's National Assembly narrowly adopts crypto-to-stablecoin swap tax amendment
France's National Assembly adopted Amendment I-3898 by 38 votes to 37. If enacted, it would make certain crypto-to-stablecoin swaps taxable from 2027, while exit tax and self-custody proposals remain pending.
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BingX, YouHodler join ESMA's MiCA register as total reaches 375 providers
ESMA's Friday MiCA register update added nine crypto-asset service providers, including BingX, YouHodler and Santander's Openbank Deutschland, bringing the total to 375 unique providers.
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JPMorgan expands JPM Coin deposit token to Ethereum, Bloomberg reports
JPMorgan is expanding its JPM Coin deposit token to Ethereum so institutional clients can make payments and settle tokenized asset transactions, according to a Bloomberg report cited by Cointelegraph.
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Qubic halts network, says attacker drained 1,400+ wallets through weak seeds
Qubic paused its layer-1 network on Sunday after an attacker reportedly used weakly generated wallet seeds to drain about $1.4 million from more than 1,400 accounts. The project says most of the funds remain frozen.
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Cysic halts cross-chain bridge after unauthorized mint of 10 million CYS on BNB Chain
Cysic suspended its cross-chain bridge after an attacker exploited a processing flaw to mint 10 million CYS on BNB Smart Chain, the company said in a Sunday incident report posted on X.