US to Seize $1B in Crypto Linked to Iran This Week, Says Treasury Secretary Scott Bessent
Summary: Treasury Secretary Scott Bessent announced a planned seizure of $1 billion in cryptocurrency linked to Iran as part of ongoing sanctions enforcement.
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Bitcoin Life Insurer Meanwhile Raises $37.5M as Wealthy Families Look to Pass On Their BTC
Summary: The Bermuda-regulated startup, whose backers include Bain Capital Crypto and Sam Altman, has now raised more than $180 million. Meanwhile , the first life insurer licensed to operate entirely in…
Ledger Investigates Crypto Losses Linked to Southeast Asian Reseller
Summary: Hardware wallet maker Ledger is investigating cryptocurrency losses tied to devices sold by authorized reseller CryptoBilis in Indonesia, Malaysia, and the Philippines.
Bitcoin, Ethereum and Solana ETFs All in the Red for October
Summary: U.S. spot Bitcoin ETFs are down a net $386.3 million for October after Wednesday’s $484.9 million exit, their worst day since June, despite a $21.1 million inflow on Friday. Ethereum…
DATA Network to Migrate to Sui and Retire Own Chain
Summary: DATA Network, formerly Story, will retire its independent blockchain and move its AI training data protocol to Sui, supported by a $30 million investment from Sui Foundation.
UK Freezes Alleged Prince Group Finance Chief's £8.9M London Penthouse
Summary: UK authorities froze Thet Li's £8.9 million London penthouse and seek seizure of his £10.6 million in luxury items, citing his role as Prince Group's alleged finance chief amid global fraud investigations.
Bitcoin Holds Near $83K as Traders Await US Inflation Data Amid High Yields
Summary: Bitcoin hovers near $83K amid mixed signals: fading Fed hike odds clash with stubbornly high Treasury yields, leaving traders awaiting U.S. inflation data for directional clarity.
Bitcoin Holds $82,500 Support Ahead of US Inflation Data and Fed Meeting
Summary: Bitcoin holds $82,500 support ahead of US CPI data, with markets pricing an 18.8% chance of an October rate hike amid geopolitical tensions and mixed signals on energy deals.
ASIC Proposes Extending Leverage Caps to Crypto-Settled CFDs
Summary: ASIC proposes expanding CFD rules to cover contracts settled in digital assets, applying existing leverage caps and negative balance protections to certain crypto-linked derivatives while excluding fixed-expiry futures.
Jeonbuk Bank Launches First Bitcoin-Backed Business Loans in South Korea
Summary: Jeonbuk Bank becomes South Korea's first commercial bank to offer Bitcoin-backed business loans, utilizing new civil enforcement rules that allow courts to seize and liquidate virtual assets upon default.
Standard Chartered Launches RLUSD Custody and Plans LMAX Collateral Deal
Summary: Standard Chartered launches RLUSD custody via its DIFC branch and plans a collateral-mirroring deal with LMAX Group to let clients use stablecoins as trading collateral without transferring tokens.
Kraken Parent Payward Secures VARA License for AED Crypto Trading in UAE
Summary: Kraken parent Payward received VARA approval for its local entity to launch AED-denominated spot and margin trading in the UAE, targeting a rollout in the coming weeks.
OKX Launches New Money App for 24/7 Tokenized Stock Trading Amid Shifting Market Sentiment
Summary: OKX launched the New Money App for 24/7 tokenized stock trading via a unified order book, aiming to capture shifting sentiment toward digital asset allocations despite currently reporting zero trading volume.
Coinbase CEO Backs SEC Proposal for Credential-Based Private Market Access
Summary: Coinbase CEO Brian Armstrong backs an SEC proposal allowing retail investors to qualify for private markets via professional credentials like CFA or CPA licenses instead of strict income thresholds.
FSB Warns G20 of Stablecoin Oversight Gaps and AI Risks Ahead of Meeting
Summary: FSB Chair Andrew Bailey warns G20 leaders that stablecoin oversight remains immature and urges adoption of new AI governance practices amid rising cyber and financial stability risks.
French lawmakers back reporting rule for crypto wallets over $112K
Summary: France's National Assembly Finance Committee adopted an amendment requiring self-custody wallet holders to report assets exceeding 100,000 euros or face fines.
XRP Ledger Defends Emergency Patch for Unlimited XRP Bug
Summary: XRPL developers justified bypassing the standard two-week validator vote to fix a critical integer overflow bug capable of creating unlimited XRP.
Wells Fargo and Kraken Parent Explore Crypto Liquidity Partnership
Summary: Wells Fargo is reportedly in talks with the parent company of Kraken to provide liquidity for crypto trading, signaling deeper integration between traditional banking and digital asset markets.
OKX Founder Star Xu Sees Crypto and Traditional Finance Convergence
Summary: OKX founder Star Xu states the divide between cryptocurrency and traditional finance is diminishing, citing OKX's $25 billion valuation and expanding tokenized asset services.
Ledger Attack Spreads to Europe as AI Uncovers Critical XRP Vulnerability
Summary: A tampered Ledger hardware wallet attack estimated at $93.4 million in Asia has reportedly reached Europe, while an AI agent discovered a bug capable of printing 18 trillion XRP.