Kalshi, Polymarket face scrutiny over inflated trading volumes
Summary: Industry observers question the authenticity of trading volumes on Kalshi and Polymarket amid concerns of wash trading and market manipulation.
Compliance
THORChain faces legal scrutiny over refusal to block Bitget hack funds
Summary: Legal experts warn that THORChain’s decentralized defense may be weakened by its inability to censor addresses linked to the $387.5 million Bitget exploit.
Singapore Leads CSAO Crypto Growth as Institutional Activity Surges
Summary: Singapore's crypto economy expanded 55.4% to $284 billion, driven by a 94% rise in institutional activity, despite a regional contraction.
Singapore crypto activity surges 55% to $284B amid regional decline
Summary: Singapore's crypto economy grew 55.4% to $284 billion, driven by a 94% rise in institutional platform activity, while the broader CSAO region contracted.
CFTC probes Kinzinger over Kalshi bets on his own pardon
Summary: The CFTC is investigating former Representative Adam Kinzinger for placing small-value bets on his own presidential pardon via Kalshi, violating platform rules against direct participant trading.
Robinhood Launches Perps, Weekend Stocks, and AI Trading Agents
Summary: Robinhood announced perpetual futures with up to 10x leverage, 24-7 stock trading via Bruce ATS, and autonomous AI agents at its Houston summit.
Senate Report Finds 84% of Iran-Linked Crypto Wallets Used Tether USDT
Summary: A Senate subcommittee report reveals that 84% of sanctioned wallets linked to Iran transacted primarily in Tether's USDT, prompting calls for federal investigations into compliance.
McDonald's AI Pricing Engine Sets Menu Costs Across 14,000 Locations
Summary: McDonald's utilizes machine-learning models to recommend menu prices across nearly 14,000 restaurants, incorporating customer willingness-to-pay data and competitor pricing.
MiCA Review Consultation Closes With Focus on Proportionality
Summary: The consultation on the Markets in Crypto Assets Regulation review closed September 30, emphasizing proportionality to prevent compliance costs from stifling innovation.
Kalshi in Advanced Talks to Raise $1B at $40B Valuation
Summary: Prediction market platform Kalshi is negotiating a $1 billion funding round led by Sequoia Capital and Wellington Management, doubling its valuation from May.
ECB Supervision Chief Details Risk Appetite and Efficiency Reforms
Summary: Frank Elderson explains how the ECB is adapting supervision through sharper risk prioritization, simplified processes, and timely remediation to address complex global risks.
Trump Signs Voluntary AI Accord With Tech Giants
Summary: President Trump and six major tech executives signed a voluntary accord requiring self-policing, audits, and board oversight for frontier AI models.
Cboe, S&P Extend Deal to Explore Tokenized Options
Summary: Cboe Global Markets and S&P Dow Jones Indices extended their exclusive licensing agreement through 2051, signaling potential collaboration on tokenized options contracts.
PS5 Jailbreak Relapse Released as Sony Faces Digital Ownership Lawsuit
Summary: The Relapse exploit chain enables custom code execution on PS5 firmware 7.00 through 13.60, coinciding with Sony's legal defense against claims that players do not own digital games.
Anthropic Files for IPO With $42B Loss and $2T Valuation Target
Summary: Anthropic confidentially filed a draft IPO prospectus with the SEC, revealing a nearly $42 billion net loss in 2025 while targeting a valuation above $2 trillion.
Kakaopay Securities Partners with Dinari and Ondo to Explore Tokenized Korean Stocks
Summary: Kakaopay Securities has signed separate agreements with tokenization firms Dinari and Ondo Finance to explore bringing Korean-listed stocks onchain for international investors.
SEC, CFTC Crypto Oversight Down to Three Commissioners After Peirce Exit
Summary: Hester Peirce’s departure leaves the SEC with two commissioners and the CFTC with one, creating a leadership vacuum as crypto rulemaking continues without full bipartisan panels.
Trump’s municipal bond holdings reach up to $1 billion amid policy conflicts
Summary: President Trump holds over 1,000 municipal bond positions valued between $300 million and $1 billion, with some issuers directly affected by his administration's regulatory actions.
Morgan Stanley Launches Digital Asset Lab to Test Crypto Products
Summary: Morgan Stanley has established a digital asset lab to test stablecoins, tokenized assets, and DeFi apps in a secure, compliant environment.
Cardone: Bitcoin Rally Defies Clarity Act Vote Failure
Summary: Gary Cardone argues Bitcoin's resilience to the failed Clarity Act cloture vote signals Wall Street's permanent integration into crypto markets.