Compliance
NJ Drops Coinbase Staking Ban Without Merits Ruling
Summary: New Jersey rescinds its 2023 Coinbase staking order and $5M penalty without a merits ruling, ending a three-year standoff while four other states maintain restrictions.
CFTC Clears Equity Perpetual Futures for U.S. Exchanges
Summary: CFTC approves stock perpetual futures for dual-registered U.S. exchanges, extending crypto-style derivatives into equities amid legal challenges from CME Group.
Crypto Spends $176M in US Midterms to Shape Regulation
Summary: Crypto groups spent $176M in US midterms, targeting key Senate races to influence the stalled CLARITY Act and regulatory oversight amid potential shifts in congressional control.
UK Regulators Propose Credit Union Reforms for Growth
Summary: PRA and FCA launch discussion paper to modernize credit union regulations, aiming to support innovation and better outcomes for over two million UK members.
South Korea FSC Urges Exchanges to Boost Cold Storage After $6.3B Binance Hack
Summary: Following a $6.3 billion Binance hack, South Korea's FSC urges exchanges to boost cold wallet holdings beyond the legal 80% minimum, citing varied compliance rates among major platforms like Upbit and GOPAX.
Leaks Suggest Anthropic Testing Fable 5.5 and OpenAI GPT-6.2 Astra Ahead of IPO
Summary: Anthropic and OpenAI face rumors of unreleased models Fable 5.5 and GPT-6.2 Astra appearing in code and analytics, coinciding with Anthropic's IPO filing.
Chainalysis Helps Freeze Nearly $10M After Mercado Bitcoin Loses $49M in Multi-Chain Hack
Summary: Mercado Bitcoin lost ~$49M in a multi-chain hack; Chainalysis coordinated with issuers to freeze nearly $10M, including $9M in USDT via Tether.
Strive Buys 124 BTC to Reach 43,124 Holdings, Ranking Fourth Among Public Companies
Summary: Strive bought 124 BTC for $10M, reaching 43,124 total holdings and ranking fourth among public companies, just behind Twenty One Capital and Metaplanet.
New Jersey Rescinds Cease-and-Desist Order Against Coinbase Staking Service
Summary: New Jersey rescinded its 2023 cease-and-desist order against Coinbase's staking service, lifting a ban on new stakes for residents while leaving the door open for future enforcement actions.
Kalshi Valued at $40 Billion After $1 Billion Funding Round Led by Sequoia
Summary: Kalshi raises $1 billion at a $40 billion valuation, led by Sequoia and Wellington, aiming to expand into perpetual futures and institutional markets amid ongoing legal disputes over sports contract regulations.
Polymarket Refunds $3.9M After Third-Party Hack Steals User Funds
Summary: Polymarket refunds $3.9M after a hack at UK-based vendor DebugBear stole funds from international users, just days before U.S. midterms.
Animoca Brands Subsidiary Secures Abu Dhabi Fund Management License
Summary: Animoca Brands' subsidiary received FSRA approval in Abu Dhabi effective Oct. 13, enabling fund management for professional investors and completing a process started in Nov. 2025.
Musk Mocks Altman Over Claim That Home PCs Waste Limited DRAM Supply
Summary: Sam Altman argues home PCs waste limited DRAM by using it only 5% of the time, prompting Elon Musk to mock the claim on X amid their ongoing rivalry.
T7X Advances Native Issuance Model for Legally Recognized Tokenized Shares
Summary: T7X promotes native issuance for security tokens, integrating blockchain records with authorized share structures under Wyoming law to ensure holders are shareholders of record.
Mercado Bitcoin Halts Trading After Security Breach; Estimates Suggest $40M Loss
Summary: Mercado Bitcoin halted deposits and withdrawals after a security breach, with Hypernative estimating over $40 million in suspicious transfers across multiple blockchains.
Adam Back: Pension Funds Are Bitcoin’s Third Wave of Adoption
Summary: Blockstream CEO Adam Back outlines pension funds and managed portfolios as Bitcoin’s next adoption phase, noting Swiss banks’ preparation for quantum-safe custody.
Strategy Resumes Bitcoin Purchases With $65.5M Buy After One-Week Pause
Summary: Strategy bought 811 BTC for $65.5M via stock sales, resuming purchases after a pause, while spending $208.2M on STRC buybacks, leaving USD Cash at $132.7M.
Binance Hack Drains $6.4 Billion; FBI Probes Launch Amid Massive ETF Outflows
Summary: Binance suffered a $6.4 billion hack attributed to North Korean actors, triggering $643 million in Bitcoin ETF outflows and prompting FBI investigations alongside calls for stricter U.S. regulatory oversight.