Crypto Briefs — Thursday, October 29, 2026
Cryptocurrency markets witnessed significant regulatory and operational developments today. Peer's integration of USDC trading on Base with Chinese yuan payments represents an expansion of fiat on-ramps despite clarification of no official Alipay partnership, while the Federal Reserve's decision to hold rates steady leaves open the possibility of a December hike—a factor historically influential on Bitcoin sentiment. In separate developments, Diva canceled its mainnet launch and instructed stakers to withdraw 654.5 ETH from pre-launch vaults, and MEXC announced phased exits from France with a March cutoff alongside unresolved Brazil licensing pressures. These moves reflect broader tensions between crypto platforms and regulators worldwide.
Peer Launches USDC Trading on Base With Yuan Payments
Peer has added USDC trading functionality on Coinbase's Base blockchain in beta, enabling users to pay individual sellers in Chinese yuan. The platform clarified it has no official partnership with Alipay despite the feature's integration with the payment service, suggesting peer-to-peer settlement infrastructure for a major fiat currency.
Diva Cancels Mainnet Launch, Directs Stakers to Withdraw
Diva has canceled its mainnet launch and instructed early stakers to withdraw their funds from pre-launch vaults, which collectively hold approximately 654.5 ETH. The project's shutdown statement provided no plan for alternative DIVA token distribution to affected participants.
MEXC Sets France Exit Schedule as Brazil Licensing Deadline Nears
MEXC announced a phased exit from France with trading restrictions and a March withdrawal cutoff for French users, citing regulatory pressure. In Brazil, the exchange faces a licensing deadline; existing providers missing the filing cutoff receive a 30-day grace period to cease operations before enforcement.
Ethena Pay's 11x Leverage Loop Raises Questions on Risk Controls
Ethena Pay's leverage loop product promises high yields through 11x leverage, but actual returns depend on borrowing costs and funded exits that remain opaque to users. The vault's real leverage ratios and risk controls have not been independently verified, raising concerns about hidden losses.
Fed Holds Rates Steady; December Hike Remains Possible
The Federal Reserve voted 10-2 to keep interest rates unchanged Wednesday, with Governors Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favor of a hike. The decision leaves open the possibility of a rate increase in December, a factor that typically influences Bitcoin and broader crypto-market sentiment.
Coinbase Earnings Test Amid Mixed Signals on Trading Rebound
Coinbase faces analyst scrutiny over trading rebound strength as its upcoming earnings report arrives following Robinhood's 55% drop in crypto revenue. Wall Street analysts are divided on whether the trading recovery will sustain, with Robinhood's decline raising questions about the broader retail trading environment and market momentum.
Alipay Denies Support for Crypto Trading via Third-Party Platforms
Alipay has denied supporting cryptocurrency trading through third-party platforms, reaffirming its compliance stance amid regulatory scrutiny. The denial underscores ongoing friction between fintech services and crypto market access in jurisdictions where digital asset trading faces restrictions.
Bitcoin Core Patches Three Bugs Including Node Crash
Bitcoin Core released fixes for three bugs across four release branches, including a non-Linux node crash vulnerability. However, 32-bit systems and FAT32 storage devices remain exposed to a separate low-severity flaw that was not patched in the latest update.
Pendle records first TVL gain in year amid RWA pivot
Pendle protocol reported its first total value locked increase in a year, driven by a strategic shift toward real-world assets and buyback initiatives. The move signals potential changes in DeFi incentive structures toward sustainable value generation rather than traditional yield farming mechanics.
CFTC Chief Selig Proposes Regulatory Framework for Autonomous AI Trading
CFTC Chair Rostin Behnam Selig outlined a vision for AI agents to conduct autonomous cryptocurrency trading, suggesting the regulatory landscape must evolve to address accountability and market integrity concerns. The remarks signal the agency's early thinking on how to supervise algorithmic trading systems operating without direct human intervention in crypto markets.
zkLink Nova Bridge Exploit Drains $779,000 in Single Transaction
A zkLink Nova bridge exploit enabled an unauthorized withdrawal of approximately $779,000 through a forged batch root, according to security firm Blockaid. The main Ethereum escrow contract remained unpaused following the incident, raising concerns about the status of remediation efforts.
Ripple Eyes Record $900M Revenue Run Rate as XRP Struggles
Ripple reported on October 28 that it is on track to achieve a record $900 million annualized product revenue run rate by end of 2026, driven by expanding institutional partnerships and growing demand. The announcement comes as XRP token faces its worst annual performance since 2022, marking a divergence between the company's business momentum and token market performance.
Allium Discloses Security Breach, Revokes API Keys
Allium, a blockchain data platform, disclosed a security breach and revoked API keys as a precautionary measure. Core services have been restored to operational status, though access to uploaded data remains disabled and certain data feeds are still being restored to full functionality.
2026 Crypto Hacks Reached $2.35B in Net Losses
Crypto security incidents in 2026 resulted in approximately $2.35 billion in net losses after accounting for freezes and returns, according to Lightning.news data shared with Bitcoin Magazine. September was the hardest-hit month at $768 million, driven by Bitget's hot-and-warm wallet breach on September 24 and a bug in Liquid Network's Elements sidechain.
Hyperliquid Burns $4B in HYPE Tokens, Cutting Supply 5%
Hyperliquid conducted a token burn reducing HYPE supply by nearly 5 percent, worth approximately $4 billion at current valuations. The burn mechanism is intended to increase scarcity; however, analyst sentiment suggests limited conviction in reaching a $100 year-end price target.
Singapore Police Report $2.7M in Tampered Ledger Wallet Losses
Singapore police documented at least two cases of losses totaling $2.7 million involving tampered Ledger hardware wallets, with incidents reported starting Sept. 10 and Ledger issuing a public alert on Oct. 9. The disclosure suggests a potential vulnerability or supply-chain compromise affecting the widely-used cryptocurrency hardware wallet.
Tokenized GOOGL Falls 12% in Sync With Stock Selloff
A Uniswap liquidity pool processed approximately $603,000 in volume over five minutes as tokenized Alphabet shares dropped nearly 12% following an after-hours selloff in the underlying stock. The move reflects the token's price tracking to equity market movements.
Wall Street Journal Ad Warns Against Tokenized Stock Trading
A full-page Wall Street Journal advertisement warned corporate CEOs to opt out of tokenized stock trading, prompting Securitize to respond and raising questions about its sponsor. The ad reflects ongoing tension between traditional finance and blockchain advocates over the regulation and adoption of tokenized securities.
XRP Ledger Tests Zero-Balance Account Creation for Apps
XRP Ledger developers are testing a feature that would allow account creation without an initial balance, potentially lowering barriers for app developers and users. The proposal aims to expand adoption of XRP-based applications by reducing friction in onboarding.
Y Combinator Sets Crypto Startup Priorities for Next Six Months
Y Combinator has outlined its focus areas for crypto startups over the next six months, emphasizing institutional use cases and AI integration. The shift signals the accelerator's move toward supporting more regulated and practical blockchain applications rather than speculative projects.
OCC Proposes Weekly, Quarterly Reporting for Stablecoin Issuers
The U.S. Office of the Comptroller of the Currency has published revised reporting forms designed to enable supervisors to monitor the financial condition and operational activity of permitted payment-stablecoin issuers. The forms establish standardized disclosure requirements for regulated stablecoin operators.
Binance expands futures offerings to 227 pairs, majority tracking traditional assets
Binance has listed 227 futures trading pairs as of 2026, with most tracking traditional assets rather than cryptocurrencies, according to Crypto Briefing. The expansion reflects the exchange's strategy to bridge crypto and traditional finance markets, potentially reshaping global market dynamics by offering crypto-native infrastructure for non-crypto assets.
Stellar Enables Cross-Chain Messaging With Ethereum Via VIA Labs
Stellar has launched cross-chain messaging capabilities through VIA Labs, connecting its Soroban smart contract platform with Ethereum. The integration enables stablecoin transfers and tokenized asset applications between the two blockchains, expanding interoperability options for developers building on both networks.
Ethereum Clients Patch Vulnerability in ETH Reward System
Ethereum client teams have patched a vulnerability that could have redirected ETH staking rewards. The fix demonstrates the protocol's governance and security response mechanisms during blockchain upgrades. Details of the specific vulnerability and affected client versions were not disclosed in the report.
Visa Reports 10x Growth in Stablecoin Settlements to $25B
Visa's stablecoin settlement run rate has reached $25 billion, representing a 10-fold annual increase, according to the payments firm. The network now operates across 10 blockchains and supports over 225 crypto-linked card programs, marking continued expansion of institutional crypto infrastructure.
Russia Develops Crypto Investor Testing Standard for Brokers
Russia has created a standardized testing requirement for cryptocurrency investors, with brokerage firms set to be the first regulated intermediaries required to assess customers before permitting digital-asset trades. According to Russian news outlet RBC, the National Association will oversee implementation of the testing standard, signaling regulatory steps toward formalizing crypto market access in the country.
Utah Files 14 Criminal Charges Against Kalshi Founders
Utah has filed 14 criminal charges against prediction market platform Kalshi and its founders following a gambling investigation, according to Crypto.news. The action occurs amid ongoing legal disputes between state authorities and the CFTC over regulatory jurisdiction of prediction markets and derivatives trading platforms.
US Bitcoin ETFs see $137M inflows while Ether funds decline
US Bitcoin exchange-traded funds attracted $137 million in net inflows while Ether funds experienced $21 million in outflows, according to Crypto Briefing. The divergence signals shifting investor allocation between the two largest cryptocurrencies, with capital favoring Bitcoin exposure over Ether.
Wagyu Confirms Data Leak of Monero Swap Records
Wagyu acknowledged a data breach exposing 4,580 swap orders that linked public-blockchain deposits, Monero destinations, and client IP addresses, according to security researcher Hudson Rock. The leak potentially compromises transaction privacy for users who conducted cross-chain swaps involving the privacy coin.
BitGo to Offer WisdomTree Tokenized Treasury Fund Access
BitGo announced that eligible institutional clients will gain in-platform access to mint, redeem, and custody WisdomTree's WTGXX tokenized Treasury money-market fund. The integration combines WisdomTree's tokenized traditional-finance product with BitGo's regulated custody and digital-asset infrastructure.
BNB Chain RWA Supply Reaches $4.96B in Q3 Surge
BNB Chain's tokenized assets grew significantly in the third quarter, with real-world asset (RWA) supply reaching $4.96 billion. The expansion underscores the chain's increasing significance in decentralized finance, though analysts note that concentration risks and market volatility present ongoing concerns for the ecosystem.
BNB Chain Activates Jenner Hardfork on Testnet
BNB Chain has activated the Jenner hardfork on its BNB Smart Chain testnet, introducing a new payment processing mechanism that reserves 5% of block gas capacity for eligible transactions during network congestion. The upgrade aims to improve transaction prioritization and network efficiency during high-demand periods.
Bithumb raided over alleged executive fund misuse
South Korean prosecutors raided Bithumb's headquarters in an investigation into allegations that former and current executives misused company funds designated for luxury housing, according to a News1 report on October 29. The raid represents continued regulatory scrutiny of the major cryptocurrency exchange over internal financial controls.
Morpho Blue Narrows Supply Gap With Aave V3 in Stablecoins
Morpho Blue has increased its stablecoin supply, narrowing the gap with Aave V3's positions in the DeFi lending market. The growing competition between the two protocols could influence borrower behavior and affect overall market stability in decentralized finance lending.
XRP falls below $1.30 as bearish derivatives positioning intensifies
XRP dropped below its $1.30 support level on Thursday amid persistent bearish market conditions. Long-to-short ratios in tracked derivatives data stand at 0.82, signaling net short positioning, while technical analysts flag $1.333–$1.372 as the resistance zone XRP must reclaim to improve near-term outlook.
Solana Falls Below $100 as Spot ETFs See $24.8M Outflow
Solana (SOL) dropped below $100 for the first time in recent weeks, coinciding with spot SOL exchange-traded funds experiencing $24.82 million in net outflows over two consecutive sessions. Market analysts are monitoring $98 as a key support level with resistance positioned near $105.
Bitcoin Falls Below $80K Despite $424M ETF Inflows
Bitcoin dropped below $80,000 following the Federal Reserve's decision to hold interest rates steady, despite $423.66 million in spot Bitcoin ETF inflows over three days. Traders are monitoring the $79,700 support level as a key technical floor during the pullback.
Uniswap Adds 13,137 New Addresses in Largest Growth Spike Since 2020
Uniswap recorded its biggest surge in new addresses since 2020, adding 13,137 new addresses according to CryptoPotato. The exchange's UNI token faces a critical technical level at $7, which analysts say must hold to sustain the recovery momentum.
Uniswap Adds 13,137 New Addresses in Largest Spike Since 2020
Uniswap experienced its biggest growth in new addresses since 2020, adding 13,137 new addresses in a recent period. The protocol's token UNI faces a critical support level at $7 to sustain its recovery momentum.
Westpac Imposes A$10,000 Monthly Limit on Crypto Payments
Westpac, Australia's second-largest bank, will enforce a A$10,000 (approximately USD 6,600) monthly cap on cryptocurrency payments starting in December, with no exemptions or higher limits available. The restriction applies to outbound crypto transactions, while deposits from exchanges into Westpac accounts remain unaffected, signaling heightened compliance controls on crypto activity.
Fed holds rates steady as December hike odds climb to 83-88%
The Federal Reserve maintained its target rate at 3.75%-4% on October 28 with a 10-2 vote, though governors Lisa Cook and Beth Hammack dissented in favor of an immediate rate increase. Rate-market trackers now price December rate-hike odds between 83% and 88%, a shift from market expectations of a hold, with potential implications for Bitcoin and digital-asset valuations sensitive to monetary policy.
Former Swift CEO Joins OpenTrade as Chairman
Lazaro Campos, former chief executive of Swift, has joined London-based stablecoin firm OpenTrade as chairman. OpenTrade reported $300 million in assets locked and over $1 billion in annual transaction volume at the time of the announcement.
Former FTX COO learned of liquidity crisis hours before public
Former FTX Chief Operating Officer Constance Wang disclosed that she discovered the exchange's liquidity shortfall only hours before it became public knowledge. The revelation underscores gaps in internal risk management and transparency protocols at the now-defunct exchange, raising questions about governance failures during FTX's collapse.
Ripple Announces Coinbase Deal, $900M Revenue Run Rate at Swell
Ripple revealed a deal with Coinbase and disclosed a $900 million annual revenue run rate during its Swell 2026 conference, according to CryptoPotato. The announcements continued a series of major revelations from the event's opening day.
Corporate Bitcoin Holdings Reach 1.3M BTC, Driven by Single Firm
Publicly listed companies collectively hold 1.3 million BTC, representing 31% growth over the past 14 months, according to CryptoQuant data cited by ZyCrypto. The brief does not identify which company drove most of the accumulation, limiting analysis of the trend's sustainability.
Bitcoin Core Vulnerabilities Disclosed as $12B Options Expiry Looms
Three vulnerabilities in Bitcoin Core were disclosed on October 28 following AI-assisted security research by Project Loupe, according to 99Bitcoins. The disclosures came hours after the Federal Reserve held interest rates steady, as traders prepared for a $12 billion Bitcoin options expiry on Friday.
SparkLend USDT Liquidity Tightens to $11.95M at 96% Utilization
SparkLend's USDT market has drawn down available liquidity to $11.95 million with utilization near 96%, pushing supplier yields to 6.9% APY and borrower rates to 7.70% APR following a liquidity squeeze earlier in the week. The tight conditions reflect elevated demand for USDT borrowing on the platform.
Bermuda Selects WalletConnect for Onchain Merchant Payments
Bermuda has chosen WalletConnect to facilitate cryptocurrency payments among local merchants as part of its onchain economy initiative. The rollout will begin in the second quarter of 2027 with ticketing platform PTIX as the first integration point.
Bitcoin traders eye market inflection point tied to inflation
CoinDesk analysis identifies a chart marking an inflection point in markets that could influence inflation trends and risk-asset prices, including bitcoin and technology stocks. The piece suggests traders should monitor this technical development as a potential signal for broader asset-class movements.
Indian Certificate Issuer Flaw Affects Ethereum Client Setups
A security failure at Indian certificate authority eMudhra caused some Ethereum Teku and Besu node clients to trust forged certificates, prompting developer fixes. Default mainnet nodes were not exposed to the vulnerability, limiting immediate risk to the network.
CF Benchmarks Launches CFB Oracle for Institutional Crypto Indices
CF Benchmarks has launched CFB Oracle, a service that delivers cryptographically signed price index data to applications on Ethereum, HyperEVM, and Robinhood Chain. The oracle enables institutional crypto price indices to be used directly on-chain across multiple blockchain networks.
Ethereum slides toward $2,300 as spot ETFs see $170M outflows
Ethereum price declined toward $2,300 on October 29 amid $170 million in net outflows from spot ETH exchange-traded funds over three consecutive trading sessions. Analysts monitored key technical support and resistance levels as the decline unfolded.
Cardano Foundation Joins Swiss Tokenization Group CMTA
The Cardano Foundation has joined the Capital Markets and Technology Association (CMTA), a Swiss-based tokenization group, following recognition of its CIP-0113 standard for issuing tokenized shares under Swiss regulatory rules. The move signals Cardano's growing involvement in regulated digital asset infrastructure for securities markets.
Airtm partners with Mastercard's BVNK for stablecoin payments
Airtm partnered with BVNK, a stablecoin infrastructure provider owned by Mastercard, to offer wallet-based payments for emerging-market users via Stellar blockchain integration. The partnership was announced at the Stellar Meridian Conference on October 29.
Solana Co-Founder Questions Off-Chain Projects' Solana Association
Solana co-founder Anatoly Yakovenko stated that projects built outside the main Solana blockchain should not be considered part of Solana, amid BULK's expansion across multiple networks. The comment reflects ongoing debate within the ecosystem about what qualifies as native Solana infrastructure versus external applications.
Teku, Besu patch Docker image flaw affecting Ethereum validators
Teku and Besu, two major Ethereum client implementations, released Docker image updates to address weak certificate keys that posed a security risk for software connecting to external services. The vulnerability could have allowed operators' systems to accept fraudulent certificates, affecting some Ethereum validator setups.
ICE Partners With Trade.xyz on U.S. Hyperliquid Futures
Intercontinental Exchange, parent of the NYSE, has partnered with Trade.xyz to develop regulated perpetual futures contracts for Hyperliquid, pending CFTC approval. The collaboration aims to bring Hyperliquid trading to U.S. markets through a compliant framework, though specific launch timing and contract terms have not been disclosed.
Starknet cuts quantum-safe signature verification cost to $0.023
A Starknet challenge has reduced the cost of quantum-safe signature verification on the network to approximately $0.023 per check. The development could help accelerate adoption of post-quantum cryptography across blockchain systems, addressing long-term security concerns about quantum computing threats to current cryptographic standards.
Indodax Halts Deposits and Withdrawals Following Cyberattack Attempts
Indodax, an Indonesian cryptocurrency exchange, suspended deposits and withdrawals after experiencing cyberattack attempts. The incident has disrupted trader access to liquidity and raised questions about the exchange's cybersecurity protocols.
$HYPE surges on reports ICE plans US Hyperliquid futures
Hyperliquid's native token $HYPE rose 10% following reports that Intercontinental Exchange, owner of the NYSE, plans to launch Hyperliquid futures trading in the United States. The development could expand market access and strengthen regulatory standing for the decentralized derivatives protocol.
Bitcoin Fell After 12 of 16 Fed Rate Hikes Since 2018
Bitcoin traded lower in the 30 days following 12 of the Federal Reserve's 16 rate increases since 2018, according to a 99Bitcoins review of 71 Fed decisions. Traders currently price in a 79% probability of another rate hike on December 9, raising questions about potential near-term impacts on BTC price action.
U.S. Sanctions North Korean Crypto Addresses Linked to Fake-Worker Scheme
U.S. authorities on October 28 designated Ethereum and Tron addresses connected to North Korea's $600 million fake-worker operation, expanding financial sanctions beyond the listed wallets. The action targets a scheme in which North Korean operatives posed as remote workers to infiltrate Western companies and extract funds.
Polygon Labs expands Open Money Stack to Solana
Polygon Labs has extended its Open Money Stack payment infrastructure to Solana, enabling businesses to integrate bank accounts, digital wallets, cross-chain transfers and global payouts through a single interface. The expansion, announced October 29, allows developers on Solana to access the same payment tooling previously available on Polygon's network.
OKX Survey: European Crypto Investors Prefer Digital Assets Over Retirement Plans
An OKX survey found that 19% of European crypto investors view digital assets as their preferred vehicle for lasting wealth, compared with 8% who favor retirement plans, according to Crypto.news. The survey indicates a significant divergence in investment priorities between European and US respondents, though specific US figures were not detailed in the brief.
Russia registers first self-regulatory body for crypto
Russia has established its first self-regulatory organization for cryptocurrency exchangers and depositories, marking a regulatory step toward formalizing the crypto sector. The move may enhance market confidence and potentially attract institutional participation in Russian crypto markets.
Chainalysis Traces North Korean Crypto Cash-Outs Through Garantex
Chainalysis has traced North Korean cryptocurrency cash-outs flowing through Garantex, a digital-asset exchange, according to reporting by Crypto Briefing. The finding underscores compliance gaps at global crypto platforms and raises questions about exchange hiring practices and sanctions enforcement.
Phase blockchain launches mainnet with $45M backing
Phase blockchain launched its mainnet with a $45 million commitment from Kirill Eves, founder of payment platform Unlimit. The network aims to enable smartphone-based participation in AI tasks, though observers note centralized funding could affect governance decentralization.
US Core PCE Inflation Exceeds Forecast, May Influence Fed Policy
US core PCE inflation rose above economist expectations, signaling persistent price pressures that could prompt a more cautious Federal Reserve approach to interest-rate policy. The inflation data carries potential implications for financial markets broadly and cryptocurrency valuations, which have historically shown sensitivity to Fed policy shifts and real-rate expectations.
FCA settles with HTX as exchange exits UK operations
The UK Financial Conduct Authority has settled legal action against crypto exchange HTX, which is ending its UK operations as part of the resolution. The FCA's enforcement signals tougher scrutiny of unauthorized crypto promotions and may discourage non-compliant exchanges from operating in regulated markets.
Ripple CEO Garlinghouse on XRP vs RLUSD positioning
Ripple CEO Brad Garlinghouse stated that XRP remains efficient for certain financial transactions while acknowledging that fiat currencies and the company's RLUSD stablecoin may be better suited for other use cases. The comments reflect Ripple's strategy of positioning multiple assets for different payment scenarios rather than promoting a single token solution.
Brazil Sets October 2026 Regulatory Deadline for Crypto Exchanges
Brazil's crypto exchanges face a regulatory deadline on October 30, 2026, according to Crypto Briefing. The deadline may reshape the country's crypto landscape and influence global market sentiment amid heightened regulatory scrutiny of the sector.
Bitcoin Options Show Smaller Election Premium Than 2024
Bitcoin options markets exhibited a reduced election premium in an October 26 snapshot compared to 2024 levels, suggesting traders are pricing in lower political uncertainty ahead of the November 3 election. The smaller premium reflects anticipated political surprise and sustained buying interest in the coming weeks.
Quantum Model Reduces Bitcoin Key-Breaking Hardware by 17x
Alice & Bob's new quantum computing model reduces the hardware requirements for attacking Bitcoin's cryptography by a factor of 17, according to CoinDesk. The advancement brings quantum threats to the network closer to practical feasibility and heightens urgency around adopting quantum-resistant security measures in the cryptocurrency ecosystem.
Bitcoin Options Expiry Watch: $10B Contracts Near Maturity
Approximately $10 billion in bitcoin options are set to expire, with market pricing suggesting sentiment and positioning ahead of the event. CoinDesk's analysis examines what the options market structure reveals about trader expectations and potential price action around the expiry date.
Bitcoin Reclaims $80K on Better-Than-Expected US GDP Data
Bitcoin recovered above $80,000 on Thursday following the release of stronger-than-forecast US third-quarter GDP growth and September inflation data. The move suggests renewed market confidence tied to macroeconomic developments, though the article does not provide specific GDP or inflation figures or analyze the connection between the data and crypto demand.
Breakout Adds Gold Trading, Cuts RWA Trading Fees
Breakout has expanded its trading offerings to include gold and reduced fees on real-world asset (RWA) trades. The moves are intended to attract more traders and could increase competition in the trading sector, potentially driving greater market volatility.
Canton Strategic Holdings to Issue Tokenized Shares on Nasdaq
Canton Strategic Holdings announced plans to issue tokenized shares with equivalent rights to traditional Nasdaq-listed stock, leveraging new SEC frameworks. The move aims to enhance investor access, transparency, and trading efficiency through blockchain-based equity issuance.
Suspected Axis Robotics insiders dump 42M AXIS tokens amid 40% price drop
Blockchain investigator ZachXBT alleged that insiders at Axis Robotics sold 42 million AXIS tokens, coinciding with a 40% price decline in the token. The incident raises questions about the enforceability of token lock-up agreements and potential insider trading risks in the project.
Only 10% of FOMO App's Solana Wallets Profitable After Fees
Bitquery analysis of FOMO app's Solana wallets from January to October 2026 found that just 10% of users achieved profitability after accounting for fees. App fees eliminated narrow gains for most users, while token trades generated the bulk of losses across the cohort.
Chainlink Launches 24/7 RWA Pricing Service With Aave Support
Chainlink announced Chainlink 24/7, a service providing continuous pricing data for tokenized real-world assets including equities and commodities outside traditional market hours. Aave is named as an early adopter of the service, which was unveiled at the Link:NYC event on October 29.
Kalshi Raises $1B at $40B Valuation Amid Crypto Futures Expansion
Kalshi, a prediction market platform, closed a $1 billion funding round valuing the company at $40 billion while expanding into cryptocurrency and stock perpetual futures trading. The expansion signals Kalshi's ambition to compete in derivatives markets alongside traditional exchanges, potentially pressuring regulatory boundaries around predictions and leveraged trading products.
Collateralized tokens dominate tokenized stock market at 86.5%
Collateralized tokens represent 86.5% of the tokenized stocks market, according to Crypto Briefing analysis. The concentration reflects regulatory advantages for collateralized structures but raises concerns about investor protections and market concentration risks in the emerging tokenized securities space.
Alpaca Holds Majority of Real Shares Behind Tokenized Stocks
Alpaca has become the dominant custodian of actual shares backing most tokenized stock offerings, concentrating market risk in a single entity and raising infrastructure vulnerability concerns. The centralization of share custody through one provider creates potential systemic disruption risk if the platform experiences technical or operational failures.
Offshore Jurisdictions Dominate Tokenized Stock Issuance
Nearly 91% of tokenized stocks are issued outside the United States, with Jersey, Abu Dhabi Global Market (ADGM), and the British Virgin Islands leading issuance, according to Crypto Briefing. The concentration of tokenized equity offerings in offshore jurisdictions underscores regulatory fragmentation and potential compliance risks in the emerging digital-securities market.
Ripple CEO Reaffirms XRP Commitment as Token Lags 30% YTD
Ripple CEO Brad Garlinghouse stated at the Swell 2026 conference that the company "will never give up on XRP," addressing investor concerns over divergence between Ripple's $50 billion valuation and XRP token performance. The token has declined 30% year-to-date despite Ripple nearing $900 million in revenue and executing a $750 million share buyback.
Google Cloud Launches Crypto Security Service for Banks
Google Cloud is introducing a service that enables banks to store and transfer cryptocurrencies and tokenized assets while distributing private key management across multiple locations rather than storing complete keys in any single point. The system is designed to reduce custodial risk for financial institutions holding digital assets.
XRP whales now hold 68.5% of total supply, highest since 2022
XRP whales have accumulated 68.5% of the token's total supply, marking the highest concentration since 2022, according to on-chain data cited by ZyCrypto. The concentration shift comes as XRP has struggled to maintain bullish momentum, though analysts suggest the whale accumulation may signal potential future price movement.
Ethereum trades at bull market support band around $2,165–$2,321
Ethereum is trading near the upper edge of a technical support zone spanning $2,165 to $2,321, according to crypto analyst CryptoGoos's chart analysis on the ETH/USDT pair. The level is characterized as a bull market support band, a technical indicator analysts monitor for price action signals.
Solana integrates with Polygon's Open Money Stack for payments
Solana Foundation President Lily Liu announced on October 29 that Solana's network is now live on Polygon's Open Money Stack, enabling stablecoin payments across the two blockchains. Liu characterized the development as unblocking Solana's payment capabilities through the integration.
Crypto Council Submits 238-Page Vault Regulation Framework to SEC
The Crypto Council has submitted a comprehensive 238-page regulatory framework to the SEC addressing the classification and oversight of crypto vaults. The proposal could significantly influence how vaults are regulated, affecting asset custody standards, compliance requirements, and institutional investment strategies in the cryptocurrency sector.
Coinbase tokenized stocks on Base exceed $4B in DEX volume
Coinbase's tokenized stocks trading on the Base blockchain have surpassed $4 billion in decentralized exchange volume, according to Crypto Briefing. The milestone reflects growing adoption of traditional finance assets on decentralized platforms and Coinbase's strategy to expand token offerings beyond cryptocurrencies.
Gravity Team CEO: Tokenized stocks need robust liquidity beyond 24/7 trading
The CEO of Gravity Team argued that tokenized stocks require more than continuous trading access to address liquidity challenges, emphasizing the need for robust redemption mechanisms and investor confidence safeguards. The comments highlight infrastructure gaps in the emerging tokenized equities market.
Utexo Plans USDT Launch on Bitcoin Via RGB Protocol
Dubai-based startup Utexo announced plans to relaunch Tether's USDT on Bitcoin using the RGB protocol, with a public launch scheduled for November 28. Lightning Network support is expected in Q1 2027. The initiative addresses bridge risk concerns in a stablecoin market where approximately $300 billion already operates on Ethereum, Tron, and other networks.
Fluid Launches DEX v2 Beta With Customizable Collateral
Fluid has opened a beta version of its decentralized exchange v2 on Ethereum, featuring custom collateral and debt range parameters. Governance has established $50,000 borrowing ceilings per asset for the new contracts, while pool creation remains restricted during the beta phase.
Zilliqa CEO Steps Down Amid Security Probe
Zilliqa's CEO has stepped down as the board assumes oversight during an active security investigation. The incident has triggered closure of the X-Bridge in both directions and resulted in reported losses across four token pools on PlunderSwap, a platform operating within the Zilliqa ecosystem.
India's ED Launches Searches in $524M Crypto Transfer Probe
India's Enforcement Directorate announced searches related to alleged cryptocurrency transfers totaling $524 million, naming Binance and Bybit as platforms involved in suspected foreign payouts. The agency did not announce charges against either exchange, and details on targeted entities or investigation scope remain limited.
HTX Exits UK Market Following FCA Settlement
HTX has ceased UK operations following a settlement with the Financial Conduct Authority. Existing customers are barred from trading and must request approval to access a one-time 48-hour withdrawal window, with all transactions subject to sanctions compliance checks.
Circle petitions SEC to exempt stablecoins from Wall Street capital rules
Circle has submitted a letter to the SEC requesting regulatory relief from a financial rule that it argues limits stablecoin growth. The company seeks separate permissions for stablecoin offerings, brokerage capital requirements, and customer reserve segregation, highlighting gaps in current issuer regulation where regulators have not yet established definitive guidance.
Polygon and Solana Partner on Stablecoin Payments for Banks
Polygon and Solana have announced a partnership to integrate Solana's stablecoin activity with Polygon's banking, wallet, and payment infrastructure. The collaboration aims to bring stablecoin payments to banks, combining the two networks' capabilities in a move that sets aside historical competitive tension between the projects.
Walmart, Eli Lilly reject OKXICE tokenized stock plans
Walmart and Eli Lilly have rejected participation in OKXICE's tokenized stock offering, bringing total corporate objections to 38. The rejections reflect broader concerns among companies about third-party control and regulatory risks associated with blockchain-based securities offerings.
Polymarket halts trading after users report unauthorized wallet drains
Polymarket restricted trading to cancel-only mode and suspended relayer operations on Oct. 29 while investigating unauthorized withdrawals reported by users. One social media account alleged losses of $2.68 million in the incident.
CFTC Chair Selig backs onchain finance rules at Link:NYC
CFTC Chairman Michael Selig pledged at Chainlink's Link:NYC event to help reshape regulations for onchain finance as the agency develops a federal registration pathway for crypto trading platforms. The remarks signal regulatory support for establishing clearer frameworks governing decentralized finance and onchain derivatives trading.
Slush Wallet adds stablecoin option for Sui network fees
Slush Wallet has introduced a feature allowing Sui users to pay network transaction fees in stablecoins rather than native SUI tokens. The wallet upgrade aims to improve user experience and lower barriers to blockchain adoption by simplifying the fee payment process for sends and payments.
Stellar-based liquidity pilot launches automated pool
Pontoro and Archax have announced an Automated Liquidity Pool launching on the Stellar blockchain during Meridian 2026, testing new mechanisms for pricing redemptions in private fund offerings. The pilot explores alternative liquidity management approaches within the Stellar ecosystem.
Grayscale launches HYPG fund with 0.29% fee, $186.9M AUM
Grayscale's HYPG fund began trading on Nasdaq on June 3, offering exposure to the HYPE token with an annual sponsor fee of 0.29%. As of October 28, the fund held $186.9 million in assets under management.
Polymarket Pledges Restitution After Third-Party Provider Compromise
Polymarket halted trading after identifying a compromised third-party provider and pledged to make affected users whole. The platform did not specify the scope of the incident or timeline for service restoration at the time of reporting.
SEC Charges BG Wealth, DSJ Exchange in $130M Crypto Fraud
The SEC has charged BG Wealth and DSJ Exchange with defrauding investors of over $100 million by promising guaranteed trading returns and falsely claiming regulatory approval. The firms allegedly used misleading filings to misrepresent their SEC status to investors seeking low-risk crypto exposure.
Celestia Unveils Voyager Architecture for AI Payments
Celestia Labs announced Voyager, a pre-production execution architecture designed to support AI payments, citing a 21 million transactions-per-second benchmark in single-node testing. The publication notes the benchmark does not reflect live network throughput and represents an early-stage architectural expansion rather than a production-ready system.
Deribit Bitcoin Options Expiry: $6.4B Settlement Due Friday
Approximately $6.4 billion in Bitcoin options are set to expire on Deribit tomorrow, representing nearly one-fifth of the exchange's open interest. The settlement's max pain level is positioned well below current Bitcoin trading levels, according to Decrypt's analysis of the derivatives market.
Grayscale: US represents 15-20% of global crypto activity
Grayscale stated that the United States accounts for only 15-20% of global cryptocurrency activity, suggesting that international trends and regulatory policies outside the US may be more significant drivers of crypto market growth than domestic policy changes. The claim highlights crypto's inherently global nature and implies reduced dependence on US-centric regulatory developments.
Stellar Gains USDC Payment Corridor via Movantis for US-El Salvador
Movantis and the Stellar Development Foundation announced on October 29 that Stellar will become a settlement option within Movantis's multi-rail payment platform, enabling USDC transfers on the corridor between the US and El Salvador. The integration expands stablecoin infrastructure for cross-border payments in the region.
Bubblemaps Traces $2.7M Outflow From Polymarket Breach
Blockchain analytics firm Bubblemaps tracked a $2.7 million outflow following a Polymarket security breach. Trading has resumed on the prediction market platform, which committed to full reimbursement of affected users; one trader cited in the analysis confirmed moving funds to safety.
Mystery whale withdraws $290M from DeFi nightly as Aave rates spike
Bitquery data shows a whale extracting approximately $290 million from DeFi protocols near midnight, coinciding with Aave borrowing rates tripling during the withdrawal window. October 29 recorded a milder borrowing rate snapshot, suggesting the pattern may indicate temporary liquidity squeezes tied to the large withdrawals.
KuCoin exits Russia and Belarus markets immediately
KuCoin announced on October 29 an immediate halt to services for users in Russia and Belarus. Affected customers will receive individual deadlines to close positions and withdraw assets, though the exchange did not specify withdrawal timelines or transition details in the announcement.
Grayscale: US crypto activity at 15–20% of global market ahead of midterms
Grayscale's research head estimates the United States accounts for 15–20% of global cryptocurrency activity, according to a report published October 28. The firm argues that crypto adoption will continue regardless of the midterm election outcome.
Grayscale exec: stablecoins could enable 24/7 tokenized markets
Krista Lynch, an executive at Grayscale, argued that stablecoins could revolutionize financial markets by enabling continuous trading and reducing settlement risks. Lynch suggested the shift would require operational changes from market participants.
Bitcoin slides below $80K, Solana falls toward $95
Bitcoin dipped below $80,000 while Solana touched $95 amid broader crypto market volatility. The price movements highlighted risks posed by leveraged positions in the market and underscored the importance of clear communication to prevent panic-driven selling.
Unverified Claims of Binance Outflows to Tornado Cash Wallets Surface on X
An unverified claim circulated on X alleging Binance transfers to wallets funded by Tornado Cash, a privacy mixer; no public blockchain data has confirmed the allegations. The incident underscores ongoing tensions between privacy tools and regulatory oversight in cryptocurrency markets, raising questions about exchange compliance and user trust.
Coinbase CEO Armstrong Plans to Sell Up to $1.31B in Shares
Coinbase CEO Brian Armstrong adopted a Rule 10b5-1 trading plan to sell up to $1.31 billion in company shares, with sales potentially extending through 2027. Co-founders Fred Ehrsam and Emilie Choi also adopted similar share-sale plans with different trading windows, a routine disclosure practice for corporate insiders.
Coinbase Q3 earnings beat estimates as crypto rally boosts profit
Coinbase reported Q3 adjusted net income of $77.7 million, beating transaction revenue estimates amid rising crypto prices. Average USDC holdings in Coinbase products reached a record $22 billion, signaling increased stablecoin adoption on the exchange platform.
CFTC Chair Criticizes Utah's Legal Action Against Kalshi
CFTC Chair calls Utah's prosecution of prediction market exchange Kalshi a "blatant overreach," amid federal litigation seeking to block the state's enforcement efforts. Utah has already secured an initial ruling against the exchange, marking an ongoing jurisdictional dispute over crypto-derivative regulation.
Binance Founder: Suspected Hack Poses No Risk to User Funds
Binance founder stated that a suspected hack incident at the exchange appears to pose no threat to user funds. The incident highlights vulnerabilities inherent to crypto exchanges and the importance of centralized safeguards in protecting customer assets from potential losses.
Suspected Binance Hacker Wallet Holds $47.3M in UNI
A wallet suspected to be linked to a Binance hacker holds $47.3 million in UNI tokens alongside other significant altcoin positions, according to Crypto Briefing. The large concentration of assets in a single wallet could create market destabilization risks if the funds are moved or sold, potentially impacting investor confidence in the exchange and altcoin markets.
Shiba Inu Metric Hits 5-Year Low; Analyst Projects 85% Upside
A key on-chain metric for Shiba Inu (SHIB) has fallen to its lowest level in five years, according to CryptoPotato analysis. One analyst cited the development as potentially bullish, projecting a possible price increase of around 85% from current levels.
BitGo Freezes USD1 Stablecoin at Address Tied to Stolen Funds
BitGo froze USD1 stablecoin at an address connected to stolen funds, demonstrating the centralized control mechanisms embedded in stablecoin infrastructure. The action raises concerns about security vulnerabilities and compliance procedures, while prompting debate over operational governance in decentralized finance systems.
Stablecoins represent over 80% of WalletConnect transaction volume
Stablecoins account for more than 80% of transaction volume on WalletConnect, according to Crypto Briefing. The finding underscores stablecoins' expanding role as payment infrastructure within the cryptocurrency ecosystem and their influence on broader crypto adoption rates.
Singapore Reports $3.5M in Losses From Tampered Ledger Wallets
Approximately $3.5 million in cryptocurrency has been lost in Singapore following suspected tampering with Ledger hardware wallets that exposed users' crypto holdings to unauthorized access. The incident highlights security risks associated with compromised hardware wallet devices.
Bron Self-Custody Platform Joins Hashgraph Association
Self-custody platform Bron announced on October 28 that it had joined the Hashgraph Association's Global Membership Program. The membership expands Hedera's ecosystem of custody and infrastructure providers supporting the distributed ledger network.
Binance Pauses Withdrawals After Suspected Security Incident
Binance halted withdrawals while investigating large wallet outflows and conducting security checks, with Tether freezing over $1.567 billion USDT in response. The exchange stated that user funds remain safe despite the suspected hack and ongoing investigation.
Binance Hack Suspect Moves Stolen Funds to Ethereum via DEX
Etherscan data shows wallets linked to a suspected Binance hack converting frozen stablecoins to Ethereum on decentralized exchanges, suggesting the attacker is seeking liquidity pathways to move proceeds. The move comes as multiple DeFi platforms have paused markets, likely in response to the incident.
FalconX Backs $250M Credit Facility for Ibis Crypto Lender
Onchain credit company Ibis emerged from stealth on October 28, announcing a $250 million credit facility backed by FalconX alongside a pre-seed funding round. The facility aims to expand lending infrastructure within the cryptocurrency market.
Senators Warren, Curtis Demand Kalshi, Polymarket Election-Trading Details
Senators Elizabeth Warren and John Curtis have pressed prediction-market platforms Kalshi and Polymarket to detail their safeguards against illegal election trading, setting a November 3 deadline for responses. The senators seek specifics on how many suspected election-trading violations each platform halted before execution. The inquiry underscores regulatory scrutiny of crypto-native prediction markets amid debate over whether they constitute gambling or legitimate price-discovery mechanisms.
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