Crypto News Daily

China warns foreign spies about crypto, Singapore dominates Asia: Asia Express

Singapore’s crypto economy grows 55%, South Korea set to make crypto market makers legal, and Chinese spy ministry warns would-be foreign spies it’s watching the blockchain.

Bitget’s $388M hack pushes Q3 crypto security losses past $1B

Crypto security losses reached $1.26 billion in Q3 across 247 incidents, with September alone accounting for roughly $769 million.

SEC proposes framework allowing investment advisers, funds to self-custody crypto

SEC proposed a crypto framework for investment advisers & funds, allowing self-custody in some cases & state trust companies as custodians.

Evernorth shareholders approve $1 billion XRP treasury deal, clearing path to Nasdaq debut

Armada Acquisition Corp. II shareholders approved the Evernorth merger. The XRP treasury company expects to hold ~473M XRP.

Crypto hacks top $768M in September, worst month of 2026

The $388 million Bitget breach and $320 million Liquid Network exploit accounted for most of September’s losses, though more than $270 million from the latter was later returned.

US court blocks victims from 127,000 seized Bitcoin, and petition rules are blamed

Judge Rachel P. Kovner rejected claims by nine alleged fraud victims seeking to contest forfeiture of approximately 127,271 Bitcoin in a Sept. 25 order. Their filings did not plausibly connect their lost funds to the specific seized wallets, leaving them with a different potential recovery route if ...

Bitcoin ETFs draw $6.3B in Q3 as BTC price rises nearly 43%

Bitcoin gained 42.71% in Q3, its best third-quarter performance since 2017, as US spot ETFs attracted $6.34 billion in net inflows.

Citigroup raises 12-month bitcoin target to $113,000 as ETF inflows resume

Citi also raised its 12-month target for ether from from $2,240 to $3,028.

Ethereum is preparing a 200 million gas push as its Layer 1 scaling strategy accelerates

Ethereum validators face a configuration choice next week that could determine how aggressively the network tests its next major scaling push. The Glamsterdam upgrade is scheduled to activate on the Sepolia testnet on Oct. 6 at 13:53:36 UTC, bringing changes designed to increase Ethereum's execution...

MetaMask security scare pushes Ethereum validator exits to a nine-month high

MetaMask is pulling thousands of Ethereum validators after a security breach redirected rewards, creating a network-wide backlog for stakers trying to exit. Onchain security researcher Kaden said about 17,000 MetaMask-operated validators holding roughly 523,000 ETH were proactively exited after an a...

NEAR Intents halts services after $3.8 million exploit, promises full compensation

NEAR Intents patched the contract flaw, but deposits and withdrawals on 11 networks remain disrupted.

NEAR Intents hit by $3.8 million exploit as crypto's rough year of hacks continues

The popular cross-chain trading system said it will reimburse losses after a bug affected deposits and withdrawals across several networks.

SEC Proposes Rules to Clear Up How Advisers and Funds Can Hold Crypto

The proposal would let advisers and funds use state trust companies as custodians and permit self-custody under certain conditions, aiming to replace years of ambiguity with a clear compliance path.

SEC proposes new crypto custody rules for investment advisers and funds

The regulator issued a proposed rule for custody, marking a swan song for its inaugural Crypto Task Force chief, Commissioner Hester Peirce, who exits this week.

Wall Street arrived in NEAR just as a $4 billion-a-month app got hacked

NEAR’s new US ETF is facing its first stress test days after launch as a $3.8 million ecosystem exploit hit the token. NEAR fell about 10% to $4.86 after NEAR Intents disclosed a security incident involving its Omni deposit-and-withdrawal infrastructure. The selloff came less than two days after Bit...

CFTC seeks to define event contracts as swaps amid prediction market fight

The classification could assist the CFTC’s claim that it has exclusive federal jurisdiction over event contracts offered on regulated prediction markets.

EU Presses Binance Over ‘Reverse Solicitation’ Exemption for Users: Report

Regulators are probing how the exchange keeps serving EU customers from Abu Dhabi, months after it lost its MiCA registrations.

Binance’s EU services face scrutiny over licensing exemption: Report

EU regulators are reportedly examining Binance’s use of a MiCA exemption to serve customers as ESMA seeks stronger enforcement powers.

Bitcoin ETFs’ 9-day, $3 billion inflow streak comes to an end as $149 million exits the funds

Meanwhile, U.S. spot Ethereum ETFs saw $59.6 million in net outflows on Wednesday, led by $26.6 million exiting Fidelity's FETH fund.

New York, Wyoming regulators sign pact to coordinate crypto oversight

The agreement will allow the two state regulators to share supervisory information, streamline licensing reviews and coordinate examinations and enforcement actions involving digital asset firms.

Three hidden flaws in Uniswap’s StablePair hook drain LP returns

Uniswap’s StablePair fee hook is designed to keep more of the value from rebalancing stablecoin pools with liquidity providers. Yet the rule deciding which trade counts as a correction depends on a configured reference rate. StablePair is a Uniswap v4 hook, a contract that changes a pool’s behavior....

Near Intents Hacked for $3.8M Days After Denying North Korea-Linked Bitget Hacker

Near Intents froze its cross-chain swaps after a bug let an attacker drain about $3.8 million. The company promised to repay every user.

MetaMask exits Ethereum validators as it investigates security incident

MetaMask said it is investigating the threat internally and said it has found no immediate threat to its wallets.

New Bitcoin upgrade catches hidden key leaks hiding the exact fix

Bitcoin improvement proposal BIP461 could make a hidden route for leaking wallet secrets easier to detect. The draft defines a common signing procedure for ECDSA, an existing Bitcoin signature scheme. Independent compliant signers should produce identical signatures for the same secret key and messa...

Bitcoin enters its best season after a 43% surge, with $147,000 suddenly on the math

Bitcoin is closing its strongest quarter since 2024 after leaving US stocks and gold far behind despite surging bond yields. The largest digital asset has gained about 43% in the third quarter, putting it on course for its second-best third-quarter since 2013 and its third-strongest quarterly advanc...

Bitcoin's soft-inflation pop to $85,500 fades as bond yields refuse to fall

A cooler-than-expected PCE report sent bitcoin briefly above $85,000 on Wednesday. Treasury yields held near their highest since 2002 and the gains drained away.

MetaMask security incident forces Ethereum staking exits, no funds at risk

An Ethereum security researcher estimates about 0.36 ETH in rewards was diverted, while precautionary exits cover validators holding roughly 523,000 ETH.

MetaMask Exits Lido Validators Amid Infrastructure ‘Security Incident’

The wallet says it has found no immediate threat to user wallets, but the ETH it is pulling out of Lido could take 45 days to return.

Ripple quietly made Brazil the center of its XRPL tokenization push

Ripple's Brazilian foothold spans cross-border payments and securities records in a country Chainalysis ranked first for grassroots crypto adoption. Ripple and CSD BR, a regulated financial market infrastructure operator, announced a first phase on Sept. 29 to mirror ownership records for BTG Pactua...

Illinois agrees to six-month delay of crypto tax as industry continues court battle

Both sides agreed the 0.2% tax should be put off until July 1, if the court approves the deal, which will let the state and industry focus on the legal dispute.

Senate tax bill frees stablecoin spending while Bitcoin stays on IRS forms

A coffee bought with a qualifying dollar stablecoin would avoid gain-or-loss recognition under the ADAPT Act that Sen. Steve Daines released Sept. 30. The same coffee bought with Bitcoin would still trigger the cost-basis calculation and capital gain or loss reporting that attach to spending digital...

NEAR Intents suffers $3.8M exploit after assistance with Bitget breach

The platform said it will compensate users affected by the hack, which stemmed from a bug that affected deposits and withdrawals.

Treasury will let states file for stablecoin approval before finishing their rules

Treasury's Sept. 30 rule lets states preserve a path toward stablecoin-regime approval while their rules remain unfinished, by filing an initial certification on time and completing the work before substantive review. The interim final rule sets forms and review procedures for the Stablecoin Certifi...

Open USD bets Stripe’s $1.9 trillion network can break USDT and USDC’s grip

Open USD, a new stablecoin backed by more than 200 organizations, has launched with about $468 million in circulation and a distribution partnership with Stripe, one of the largest payment networks. OUSD, issued for Open Standard, had 468.4 million tokens outstanding following its Sept. 30 debut. Re...

UK’s 2027 crypto rules could block new business with existing customers

The Financial Conduct Authority opened its authorization gateway for the new UK crypto rules on Sept. 30, starting an application window that can protect existing Bitcoin providers' ability to keep serving UK customers and take new business if approval is still pending when the full regime begins. T...

Bitcoin ETFs are $5 billion away from a new flow record after a brutal 11-month reset

US spot Bitcoin exchange-traded funds (ETFs) recorded their first daily outflow in more than two weeks, interrupting a recovery that had pushed cumulative flows close to a record. The funds posted $148.7 million of net withdrawals on Sept. 30, ending nine consecutive positive sessions that brought i...

Japan’s biggest payment network opens its doors for crypto via Binance Pay

Japanese payment provider PayPay added Binance Pay on Sept. 30, letting eligible overseas visitors pay from their crypto balances at participating offline stores in Japan. Merchants receive the proceeds in Japanese yen. PayPay's launch announcement says the integration runs through HIVEX, a cross-bo...

Lloyds, Visa settle $750,000 using USDC in live cross-border pilot

Lloyds used USDC to settle $750,000 of payment obligations with Visa during a seven-day live cross-border pilot.

Citi Lifts 12-Month Bitcoin Target to $113K, Ethereum to $3K

The bank has revised its 12-month target for BTC up from $82K, though it remains about 10% below Bitcoin's October 2025 record.

Illinois Delays Controversial Crypto Tax Amid Industry Lawsuit

Illinois officials and crypto groups jointly asked a state court to delay the 0.2% Digital Asset Tax from Jan. 1 to July 1, 2027, while a legal challenge continues.

Illinois will postpone implementation of crypto tax following lawsuit

State officials agreed to delay the 0.2% crypto tax for six months after lawsuits and industry pushback claimed the bill was rushed through the legislature.

Evernorth clears shareholder vote ahead of Nasdaq debut with 473M XRP treasury

Evernorth expects to begin trading on Nasdaq under the ticker XRPN after its SPAC merger closes, with an XRP treasury worth roughly $710 million at current prices.

Ethereum staking reward burn proposal EIP-8363 pulled from Hegota upgrade

Co-author Jérôme de Tychey said industry participants and core contributors convinced him a scoping process was the wrong venue for an issuance change.

The 'Largest Pure-Play' XRP Treasury Is About to Go Public

Shareholders approved Evernorth's merger with Armada Acquisition Corp. II, clearing the way for the Ripple-backed firm to begin trading Oct. 8 with a stash of roughly 473 million XRP.

Hyperliquid Policy Center, Circle press EU on perps and stablecoin reserves in MiCA review

Hyperliquid's policy group wants perps under MiFID II, while Circle targets MiCA's bank deposit floor in filings to the European Commission's MiCA review.

XRP is becoming collateral for real loans and the first market is already dominated by whales

XRP is beginning to support live dollar borrowing on Ethereum, though the market remains heavily concentrated among a handful of borrowers. A Morpho market backed by FXRP, a tokenized representation of XRP, had about 7.18 million RLUSD in outstanding loans against 10.76 million FXRP as of Oct. 1. Th...

Dogecoin gets DeFi testnet as DogeOS bets miners will eventually secure its apps

DogeOS wants to turn DOGE into more than a payments and speculation asset, but its applications still rely on selected operators rather than Dogecoin miners.

Base’s Cobalt upgrade adds another rule to affect token balances

Base’s Cobalt upgrade, scheduled for mainnet Sept. 30 at 18:00 UTC, will let issuers of B20 tokens configure balance seizures separately from ordinary transfer restrictions. For a token that enables the feature, a holder could remain free to transfer while still being eligible for administrative rea...

Chainalysis beats most Celsius claims, but ‘audit’ lawsuit survives

Chainalysis still faces an aiding-and-abetting claim over Celsius’ disputed $3.3 billion audit after a judge dismissed 15 other claims.

Bitcoin trapped below $86K as PCE changes cloud inflation reading

Bitcoin erased its post-PCE gains as analysts cautioned that methodology changes complicated the lower-than-expected inflation reading.

Crypto lost $1.26 billion in hacks while bitcoin bulls enjoyed a monster quarter

Your day-ahead look for Oct. 1, 2026

Morning Minute: Crypto Gives Up on Congress and Goes After Senators

Plus, a major MetaMask security event has crypto natives on edge as details trickle out.

Stablecoins can drain from banks and nations at lightning speed

Highly liquid and settling 24/7, stablecoins can leave banks and countries at lightning speed. But whether stablecoins are a risk — or an opportunity — depends on your perspective.

Bitcoin fights for local uptrend as US bond yields drop from new 24-year highs

US bond yields fell sharply around Thursday’s Wall Street open as Bitcoin price action sought to preserve a local trend of higher lows.

50,000 Europeans call on EU to ease stablecoin rewards restrictions in MiCA review

A 50,000-letter campaign is pressing Brussels to rethink stablecoin rewards as EU central banks seek broader changes to MiCA’s stablecoin rules.

Zcash Drops 21% From Recent High—Here’s Why the Rally May Not Be Over

ZEC is 21% off its $1,698 peak after ETF outflows and a suspected North Korean heist routed money through its shielded pool. Is the run over, or will traders buy the dip?

Bitcoin kicks off new quarter in the old $82,000-$85,000 price range

Prices briefly topped $85,000 on Wednesday after weaker-than-expected U.S. inflation cooled bets on Fed rate hikes, But bulls couldn’t hold the move and spot ETFs didn’t help.

Crypto for Advisors: The CLARITY Act failed, but the rules came anyway

Live Updates: Bitcoin flat near $84,000 after closing out best quarter since 2024

After a spike higher overnight, interest rates are dipping ahead of tomorrow's key U.S. employment report.

Robinhood Wallet integrates Arcus RFQ system for stock token swaps

Robinhood Wallet adds Arcus as a routing provider for Stock Token swaps, giving eligible users access to more than 190 tokens.

LATAM stablecoin liquidity may depend on few providers, investor says

Researchers in a Latin American stablecoin ecosystem report warned “fragility in the system is concentrated in its thinnest layer,” with just 16 of 494 companies focused primarily on wholesale liquidity, treasury and credit.

US factory costs spike, threatening Bitcoin’s rally above $85,000

US manufacturers reported more widespread input-price increases in September, raising a potential financing risk for Bitcoin if investors respond by expecting higher interest rates ahead of Friday’s jobs report. The Institute for Supply Management’s Oct. 1 release put its manufacturing prices index ...

Bitcoin think tank questions MSCI’s ‘invisible committee’ over Strategy, Metaplanet rule

A Bitcoin Policy Institute paper says MSCI’s proposed “non-operating company” rule could remove Strategy and Metaplanet from its indexes and may have roots in an earlier crypto treasury review.

Tokenized assets don’t always mirror traditional markets, Dune finds

Dune found that tokenized markets show different trading patterns from traditional markets, with RWA value reaching $34.5 billion.

Minecraft, Candy Crush Among 11 Games in EU Virtual Currency Crackdown

The guidelines exclude cryptocurrencies, leaving tokens outside a regime written for currencies bought with real money inside games.

It's the Start of Uptober. Will Bitcoin Live Up to It?

Bitcoin enters its historically strongest month after a record-pace September, but a Fed hike and 5.3% Treasury yields are testing the bulls.

Bond yield explosion gives Bitcoin a strong signal – is now finally Satoshi’s time?

Bitcoin’s monetary case is growing stronger as governments face more expensive borrowing, and software is becoming a buyer of services. Sovereign financing pressure gives people a reason to consider money issued outside government policy. Agent commerce gives that money another way to circulate. The...

OpenAI Says People Linked to China's Moonshot Tried to Copy Its AI's Hidden Reasoning

OpenAI says it disrupted a campaign involving 15,000+ users and ties a core cluster to people associated with Moonshot, the startup behind Kimi.

Synthetic tokenized stocks are bad for American investors

U.S. markets are the envy of the world because investors trust that whoever owns a share owns it fully, writes Aaron Kaplan, founder of Promethum. The synthetic models cheapens that trust, shortchanges U.S. investors, and undercuts the issuer-led capital markets model.

Meta Pushes Back on Claim That Muse AI Read a User's Messages Without Consent

Communications chief Andy Stone said reading Messages requires two permissions the user controls, disputing a journalist who reported Muse synced his texts despite his settings.

Reddit Is Killing RSS Feeds and Public API Access to Fight AI Scrapers

Reddit RSS dies November 13 and outside apps lose their data pipeline by March 2027. Reddit blames scraping bots, though it licenses its own content to AI companies.

OpenAI Fires Three Safety Researchers Over Alleged Leak to Outside Group

OpenAI says the three broke its rules on handling sensitive information. The exits land after months of rogue-agent incidents, a trail of safety-team departures, and a new lawsuit.

Trump to host 3rd ‘exclusive’ memecoin event amid corruption claims

The president is scheduled to appear at his golf club in Washington, DC, at a Nov. 22 dinner for his top 185 memecoin holders, following similar events in May 2025 and April 2026.

Another Trump memecoin dinner advertised for token's top investors

The company managing the memecoin calls the November event the "most exclusive dinner in the world."