Crypto Briefs

Ostium has proposed a Stage 2 recovery plan for hacked liquidity providers, offering pro-rata claims on recovered funds and half of opening fees alongside an optional equity allocation priced at the company's next funding round. The specific percentages remain undetermined, with holders able to elect their participation until October 30.

Bitcoin exchange-traded funds experienced $729 million in net outflows over a two-day period as investors withdrew capital. The outflows coincided with downward price movement in bitcoin, reflecting a shift in investor sentiment during the period.

Bitcoin recovered from a dip to around $80,000 but traders are positioning for additional losses before the end of October, according to options and futures market positioning. The rebound follows a difficult trading week for the cryptocurrency.

Ethereum open interest increased 2.3% when measured in ETH on Binance between October 6–8, despite the dollar value of that interest falling 6.6%, according to CryptoSlate analysis. The divergence reflects a larger ETH-denominated derivatives book offset by lower USDT valuation, suggesting traders maintained or expanded positions as prices declined.

Ledger's chief technology officer responded to concerns about quantum computing rendering ECDSA cryptography obsolete, arguing that Bitcoin would face minimal risk compared to broader digital infrastructure threats. The CTO suggested that if asymmetric cryptography fails, financial systems and data security globally would face far larger problems than cryptocurrency networks.

Blockchain.com has filed applications for designated contract market and futures commission merchant licenses with US regulators, seeking to operate its own regulated event-contract and derivatives platform domestically. The move would allow the company to offer prediction markets and crypto derivatives directly rather than routing them through overseas partners.

Arbitrum has discontinued its Timeboost transaction-ordering system in favor of a new model called Priority Gas Auctions. The shift allows paying traders to obtain priority transaction ordering, a change from the previous mechanism for handling transaction sequencing on the layer-2 network.

An October 9 analysis shows Ethereum's fee-burning mechanism covered 2.07% of gross new ETH issuance, leaving supply growth largely uncontrolled by current burn rates. The data highlights a conditional capacity model examining the demand threshold required to achieve net-negative supply, suggesting current transaction volumes fall short of deflationary targets.

The United Kingdom imposed sanctions on three cryptocurrency firms as part of a broader enforcement action targeting Russian ties. The sanctions package also named 17 individuals and entities involved in importing materials and machine tools for ballistic missiles and drones, reflecting coordinated Western efforts to restrict Russia's access to financial and military technology.

The U.S. Department of Justice is examining whether Binance has complied with terms of its 2023 settlement agreement. The scrutiny could shape global cryptocurrency regulations and inform future enforcement actions against digital-asset exchanges.

Strive reportedly purchased 638 Bitcoin this week using proceeds from a preferred stock offering, according to Crypto Briefing. The acquisition may boost investor confidence and potentially drive the company's stock price higher as part of ongoing financial maneuvers.

The U.S. Commodity Futures Trading Commission is moving to formally classify certain event contracts traded on platforms such as Kalshi as swaps subject to CFTC oversight. The proposal intensifies regulatory scrutiny of prediction market operators amid ongoing legal disputes over the agency's jurisdictional authority over such instruments.

Aero announced October 21 as the launch date for its merger, with AERO converting one-for-one and VELO converting at approximately 0.044 new AERO per token. Existing token locks will retain their remaining duration under the new structure.

Slush Wallet has integrated Halliday to simplify deposit processes for the Sui blockchain. The integration aims to reduce onboarding friction and potentially increase Sui adoption by streamlining cross-chain and fiat-to-crypto transactions.

Solana token holders achieved net income exceeding $400,000 for two consecutive weeks, according to Crypto Briefing analysis. The metric suggests network resilience and may bolster investor confidence, though the publication notes external factors could influence future performance.

Paxos Crypto Brokerage has added support for XRP, expanding the token's reach to over 8.1 million wallets on the platform. The development comes as Evernorth prepares for its Nasdaq debut on Monday, signaling growing institutional adoption of digital assets.

Seth for Privacy, speaking on the Bitcoin Rails podcast, emphasized that Bitcoin users need to implement stronger identity protection measures when transacting with the largest cryptocurrency. The Cake Wallet representative highlighted the importance of privacy precautions to prevent user identification and maintain anonymity in Bitcoin transactions.

The XRP Ledger activated the PermissionDelegationV1_1 amendment on October 8 at ledger 107,524,865, enabling institutions to delegate specific transaction permissions to other accounts while retaining control of their primary signing keys. The upgrade allows treasury departments and compliance officers to divide responsibilities without sharing cryptographic credentials, mirroring traditional finance operational structures.

Circle minted 750 million USDC stablecoin tokens on the Solana blockchain within a 24-hour period, increasing USDC liquidity on the network. The minting could potentially boost demand for SOL, though market impact will depend on how actively the new tokens circulate and broader cryptocurrency market conditions.

A French parliamentary finance committee has endorsed a proposal to tax Bitcoin-to-stablecoin conversions as part of the 2027 budget framework. The measure represents a regulatory effort to capture gains from direct crypto-to-stablecoin transactions, potentially affecting trader behavior and sentiment in European markets.

U.S. Treasury Secretary Scott Bessent announced that authorities have located approximately $1 billion in cryptocurrency linked to Iran and may seize it this week, continuing Washington's financial restrictions against Tehran. The statement was made at Newsmax's Policy Summit.

The XRP Ledger activated its Batch feature on mainnet with support from 30 validators, enabling users to bundle between two and eight transactions into a single operation. According to XRPScan's dashboard, the BatchV1_1 amendment is now active, allowing for more efficient transaction bundling on the network.

GRAM token climbed 9% to $1.56 following Telegram's expansion of its Money non-custodial wallet beyond a limited user group. The wallet enables token transfers and collectible purchases on the platform. The broader rollout marks a step toward mainstream adoption of Telegram's crypto functionality.

OKX announced Oct. 9 that it has launched crypto-backed USDC loans for European customers, offering borrowing limits up to 250,000 USDC for standard clients and 3.25 million USDC for VIP members, with no fixed repayment term requirement.

A cryptocurrency analyst has outlined a potential scenario for Cardano's ADA token to rally approximately 1,000% back to its $3.10 all-time high. The claim is attributed to unnamed pundit analysis without disclosure of specific technical or fundamental justifications for the projection.

A whale holding HYPE tokens for two years has begun realizing gains through large profit-taking transactions, according to on-chain data cited by ZyCrypto. The wallet's initial $902,000 investment has grown to approximately $23 million, representing a 25-fold return over the holding period.

A draft Ethereum Improvement Proposal (EIP-7906) could expand outcome checks for transactions but may still allow unfavorable trades through without proper safeguards. The analysis suggests that meaningful financial limits must be enforced at the protocol or policy level rather than relying on transaction builders, which could otherwise circumvent protections.

Bitcoin's Market Value to Realized Value (MVRV) ratio has reached 0.20 and the Net Unrealized Profit/Loss (NUPL) indicator has returned to positive territory, signaling improved aggregate investor profitability. According to CryptoPotato's analysis, five on-chain metrics have turned bullish simultaneously for the first time this year, potentially indicating a shift in market sentiment.

Thailand's regulatory framework now permits locally established Bitcoin and Ether exchange-traded funds as of October 16, according to 99Bitcoins. However, funds still require approval from the Securities and Exchange Commission and listing on the Stock Exchange of Thailand before trading can commence.

Ethereum-based stablecoins added $243 million in market capitalization over one week, according to Crypto Briefing. The growth highlights potential concentration risks and market consolidation that could affect decentralized finance liquidity and stability.