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Digital Sovereignty Alliance managing director Adrian Wall said senators from both parties are considering another attempt to advance the crypto market structure bill before the current Congress ends.\n
The FCA’s new guidance outlines which crypto activities may require authorization as firms prepare for the UK’s incoming digital asset regulatory regime.
Hackers known as "iamnotavillain" have demanded $3 million worth of monero (XMR) within 24 hours in a ransomware-style attack targeting Revolut, according to the Financial Times. They threatened to sell stolen customer data, including identity documents and transaction histories from at least 680 accounts, if their ransom is not paid. The hackers used blockchain analysis to identify Revolut accounts with significant cryptocurrency holdings before stealing the data. Revolut previously responded to a phishing incident by handing over customer records but stated that its systems and customer funds remain unaffected. The hackers have not yet indicated whether they are negotiating with Revolut.
A bipartisan House committee vote advanced legislation that would reshape federal tax rules for stablecoins, staking, crypto lending and digital asset transactions.\n
The widely expected move places the U.S. Federal Reserve's benchmark fed funds rate range at 3.75%-4.0%.
The estate is chasing 6,360 BTC lost in the Covid crash — a leveraged long position that sits awkwardly with the lender's delta-neutral marketing.
The Digital Asset Tax Certainty Act would ease complicated tax burdens for everyday use of cryptocurrencies, though Trump's industry ties spurred some pushback.
Anchorage Digital Bank added custody support for Etherlink and several Etherlink-based assets, including xU3O8, a token representing physical uranium.
A strategist at the Danish bank said Coinbase has more at stake in the CLARITY setback because its trading business is directly exposed to US market-structure rules.\n
Bitcoin price support materialized around $68,000 as markets saw a 93% chance of the Fed hiking rates by 0.25% on Wednesday.
An Al-Qassam Brigades letter, disclosed in a U.S. Department of Justice asset forfeiture filing, advised potential donors to avoid using Binance for transferring funds to Hamas, recommending platforms like Bybit, OKX, Kast, and Redotpay instead, and favoring the use of Tether’s USDT stablecoin on the TRC-20 network. The group suggested entering fictitious data during transfers to avoid account blocks and indicated that Binance could only be used to purchase currencies, with the actual transfer completed through other applications. While the document provides insight into how Hamas evaluates crypto platforms for illicit activities, Binance stated that its controls are effective, emphasizing its investments in compliance measures and cooperation with law enforcement. Other platforms like OKX and Kast also highlighted their ongoing compliance efforts to prevent illicit transactions, with OKX asserting that the referenced wallet had no association with them and had been flagged for illicit activity.
The article from CoinDesk discusses signs that may indicate the end of the current crypto winter, including historical patterns such as market stabilization, declines in Bitcoin difficulty, and specific market signals like a 50% rally from lows. It notes that recent signs such as exchange failures and Bitcoin's increased difficulty have occurred, but some indicators, like difficulty rebounding, have yet to be confirmed. The article emphasizes that these markers are not guarantees but are worth monitoring, with the potential for a transition into a "crypto spring." Additionally, it highlights ongoing debates about whether Bitcoin will hit new highs before the next halving or if AI has replaced crypto as the industry's primary disruptive narrative.
Leveraging its $550 million acquisition of Bitnomial, Payward aims to become the first registered U.S. exchange to deploy markets on the Hyperliquid protocol.
The onchain finance platform said thSLVR allows investors to retain exposure to silver while earning income from lending the metal to institutional borrowers.
Led by former IBM Blockchain partner Jules Miller, Iris is helping Bolivia's VIVA use stablecoins for settlement, dollar reserves and new financial services without replacing its existing telecom systems.
The article from CoinDesk explains that while a $320 million hack on a blockchain used for Bitcoin transfers is a recoverable loss because the funds move on a public ledger, personal identity leaks are much more damaging and irreversible. It highlights that data breaches exposing names, addresses, and government ID numbers, like those experienced by Trezor and others, create permanent vulnerabilities, unlike stolen coins which can potentially be returned. The author argues that the security issues stem from unnecessary data collection, as verifying identity can be separated from collecting and storing personal information, reducing the risk of leaks. The piece emphasizes that current practices have led to massive honeypots of sensitive data, and advocates for privacy-preserving methods that verify identities without creating permanent, leakable repositories.
Bernstein said the federal agencies will publish new regulations to compensate for the time lost negotiating the CLARITY Act, after its cloture vote failed on Tuesday.
The October update changes how nodes estimate transaction fees and process blocks, while fixing a wallet flaw that could let an authenticated user run commands on a node.
Nearly 99% of ZEC holders voted to reduce block times to 25 seconds, while keeping ZEC issuance and halving schedules unchanged.
Circle’s Arc mainnet is live with USDC for transaction fees, support for more than 20 fiat stablecoins and links to over 20 blockchains.
CoinDesk reports that ahead of the Federal Reserve’s interest-rate decision, bitcoin’s correlation with the Dollar Index and U.S. stocks has significantly weakened, with the short-window correlation with the dollar index dropping to +0.08 from 0.54 over 30 days, and its link to stocks also declining. This disconnect is attributed to a focus on regulatory developments, specifically the Senate’s failure of the Clarity Act, which has shifted traders’ attention away from usual economic indicators. Most expectations are for a 25 basis point rate hike, with the market closely watching Fed signals for potential volatility, especially regarding the dollar and Treasury yields. Recent price movements indicate a range breakdown, with bitcoin’s price falling below $76,000, suggesting a bearish outlook.
Bitcoin is stuck near $80,000 as traders build stablecoin positions that could return to the market once Fed uncertainty clears.
Two Prime expands into onchain finance with a bitcoin lending vault built on Pareto for institutional investors.
U.S. spot bitcoin ETFs shed $450 million, the most since June, as the Senate's failure to advance the Clarity Act sent regulatory-sensitive tokens sharply lower.
