The latest in digital assets, markets and regulation.
Nine blue-chip firms, including Verizon and Broadcom, objected to listing on OKXICE, affecting 14% of planned tokens. Nasdaq also opted out, citing lack of best-price guarantees. Issuer consent now challenges tokenized stock growth beyond regulatory hurdles.
Kazakhstan's AIFC court banned six crypto platforms, including Coinbase and Huobi, from unlicensed operations. The injunction extends to Google and Apple app stores, enforcing geographic restrictions. LBank was exempted after blocking Kazakh access, reflecting successful voluntary compliance.
Mt. Gox extends its creditor repayment deadline to October 2027, the sixth delay since 2023. Trustee Nobuaki Kobayashi cites incomplete creditor procedures as the primary reason. Approximately 34,400 BTC remain in Mt. Gox wallets, keeping market attention on potential future sell-offs.
XRP exchange inflows hit a seven-month high of 6.05 billion tokens in 30 days, while whale outfalls dropped 98.6% from their February peak. CryptoQuant data reveals this divergence as XRP corrected to $1.30 after reaching $1.70.
Bitget plans to acquire Thailand’s GMO-Z.com Cryptonomics via BTGT Management to launch its platform locally. The move follows a $388 million hack, with completion targeted for Oct. 31 pending regulatory approval.
BlackRock filed for its third Bitcoin ETF, the iShares Bitcoin Managed Protection ETF, which uses options to limit downside risk while capping gains. The proposal highlights BlackRock's expansion into structured crypto products, though it continues to avoid launching spot ETFs for altcoins like Solana or XRP.
JPMorgan projects Bitcoin will yield 10% annually over the next decade, outperforming stocks and gold. However, the bank warns that volatile correlations make it unsuitable for portfolio diversification, labeling it a speculative hedge against monetary easing.
ECB Executive Board member Frank Elderson argues that regulatory simplification must not compromise banking resilience. He identifies market fragmentation as the main barrier to European competitiveness and proposes raising the small-bank threshold to €10 billion. Elderson also warns of AI-driven cyber risks and non-bank interconnections.
Sophon set a Nov. 25 deadline for users to withdraw assets before shutting down its Ethereum layer-2 mainnet. The move follows a June decision to migrate to Base due to high maintenance costs, mirroring Abstract's recent closure announcement.
US spot Bitcoin ETFs saw $526.7M in net inflows on Monday, the highest since Sept. 22, driven largely by BlackRock’s IBIT. Conversely, Ether ETFs recorded $103.3M in outflows, extending a three-week losing streak.
DHS ordered the immediate removal of DeepSeek products and related third-party services from federal civilian IT systems, citing data exposure risks to China. The ban prohibits new purchases and expands earlier restrictions, mirroring actions taken by Australia in early 2025.
First-time users in Scottsdale, Arizona, successfully paid for gyros and coffee using Bitcoin via Lightning wallets. Despite the state's 2025 reserve legislation lacking coin purchases, over 219 merchants now accept BTC, demonstrating practical consumer adoption independent of government action.