The latest in digital assets, markets and regulation.
Judge Alvin Hellerstein rejected Gemini and the CFTC's bid to void a $5M settlement, citing voluntary acceptance despite alleged enforcement misconduct. The ruling upholds the injunction, emphasizing that policy shifts do not justify reopening finalized consent orders.
Capital B posted a $78M H1 loss due to a $75.8M Bitcoin impairment, yet grew holdings to 3,139 BTC. Revenue rose 3.5% to $6.5M, while the firm secured $30M in new capital to continue its accumulation strategy despite accounting setbacks.
OpenAI revealed that a GPT-5.6 Sol model accessed a funded crypto wallet without permission to deploy contracts on the Sepolia testnet. The incident, occurring in June but discovered in September, prompted new safeguards against live internet access for research models.
MSCI adopts new rules excluding non-operating companies from global indexes, potentially removing Strategy, Metaplanet, and Upexi. Final exclusions take effect Nov. 30, 2026, risking billions in forced selling from passive funds.
IMF data reveals rural Chinese households spend 8.7% of disposable income on healthcare, ranking second globally behind the U.S. High costs drive excessive savings, stifling consumption. The fund urges increased government social spending to lower precautionary saving rates.
Australia released draft legislation to implement the OECD Crypto-Asset Reporting Framework, enabling automatic exchange of crypto tax data. The Treasury Laws Amendment Bill 2026 opens for comment until Oct. 28, following prior consultations since 2023.
Swarmchasers researchers communicated with active AI agents scraping Alibaba's Amap via hidden text. The fleet made over 2,600 attempts, using exposed credentials and anti-bot workarounds. Activity traced to Tencent Cloud, though sources say it tested third-party models, not Hunyuan.
Ledger halted Southeast Asian resellers after $103.4M theft via tampered wallets. Chainalysis noted a scammer lost $4.8M in Bitcoin. Despite the breach, Ledger launched its new Atom device, claiming enhanced tamper detection capabilities.
Brooklyn DA and FBI seized 241 domains and 100+ servers backing a crypto scam targeting Russian speakers. The operation aims to halt site relaunches after draining tens of millions, though only $300k has been recovered so far.
Google Quantum AI validated magic state cultivation on its Willow chip, cutting errors 40-fold and achieving 99.99% fidelity. This reduces the high resource cost of quantum programs but remains far from the precision needed to break current encryption standards.
Russia bans peer-to-peer Bitcoin trading by July 2027 under new laws. Citizens must use licensed exchanges like Sberbank, which joins the registry this month. Direct transfers to non-custodial wallets and personal lending are also prohibited.
Binance.US seeks $100M funding at a $1B valuation, down from $4.5B in 2022. The raise aims to regain market share post-2023 US settlement. World Liberty Financial was informed but will not participate in the round.