Crypto News

Blockchain investigator Specter says the Bloom drainer stole nearly $1 million and moved the funds through 2,152 routing and destination addresses. The transfers involved 1,326 Solana addresses, 822 EVM addresses and five Zcash addresses. The pattern of repeatedly splitting and consolidating funds, then moving them across chains, suggests automation. The Bloom drainer also bridged 26.099 ZEC into Zcash’s Sapling shielded pool, potentially making some funds harder to trace.

Former US Justice Department antitrust leaders Jonathan Kanter and Doha Mekki have launched FluxCap, an AI legal technology startup focused on complex litigation. The company raised $6 million in seed funding in March 2026, with litigation finance firm Burford Capital among its backers. FluxCap combines three tools: FluxAlmanac for legal rules and doctrines, FluxFacts for linking case claims to supporting evidence, and Vision Manager for litigation strategy and risk. The platform emphasizes verifiable citations, addressing concerns about errors in AI-generated legal documents. FluxCap says its software is already being used in active cases seeking more than $1 billion in damages. The startup is hiring in New York and Washington, DC. Its focus is on helping smaller legal teams manage high-stakes cases, particularly antitrust disputes.

Swedbank has increased its Strategy (NASDAQ: MSTR) holding by 27% to 115,464 shares, continuing a series of purchases disclosed in earlier filings. The Swedish bank previously reported 90,590 shares after buying 8,278 shares in the second quarter of 2026. Strategy, led by Michael Saylor, is a major corporate holder of Bitcoin, making MSTR a stock-market proxy for Bitcoin that can magnify both gains and losses. Buying shares also lets investors gain exposure without directly managing Bitcoin custody. Swedbank’s larger position signals institutional interest in Bitcoin-linked equities, but the article does not indicate a direct purchase of Bitcoin. The stake’s market value can fluctuate with MSTR and Bitcoin prices.

Tokenised stock plans face a practical hurdle in the US: companies can object to their shares being represented on proposed trading venues. Reporting on October 23 said Wells Fargo, Arm and Intuit had objected to a planned venture involving OKX and Intercontinental Exchange (ICE). The SEC’s innovation-exemption process allows proposed venues to file notices, but publication is not regulatory endorsement or proof that a platform meets all exemption conditions. The process remains subject to requirements and operating safeguards. Issuer objections could limit the range of tokenised stocks offered and complicate efforts to link liquidity, shareholder rights and corporate actions across separate venues. The key issues to monitor are changes to venue notices, further company responses, launch dates and evidence that dividends, voting and other corporate actions are handled reliably. The filing describes a regulatory development, not an immediate change in asset value or proof of broad adoption.

Canada has proposed stablecoin rules that would take effect in fall 2027, following a 60-day public comment period. The regulations would ban interest or yield for simply holding a stablecoin, require redemptions within three business days, cap redemption fees at 1%, and require issuers to back tokens with specified liquid assets held by qualified Canadian custodians. Issuers would also report monthly to the Bank of Canada. The rules could cover five issuers; named tokens include QCAD, CADC and USDC. The proposed stablecoin rules aim to strengthen oversight and consumer protection, while limiting stablecoins’ competition with bank deposits. In the United States, the Office of the Comptroller of the Currency encouraged community banks to consider applying to issue payment stablecoins under the GENIUS Act, although applications are not yet open. Banking groups warn that third-party stablecoin rewards could draw deposits away from local banks and reduce lending capacity. Separately, Senator Richard Blumenthal sought records from Tether and former White House crypto official Bo Hines over reported $6.3 million payments to Hines’ consulting firm while it advocated changes to the GENIUS Act. The allegations raise scrutiny of stablecoin lobbying and regulatory compliance.

The United States has announced $5 million for the Pacific Alliance for Combating Illicit Finance and Cybercrime (PACIFIC), a program to strengthen cryptocurrency investigations across the Pacific Islands. The funding is part of a wider US security package worth more than $44 million. PACIFIC will provide training in cryptocurrency tracing, digital forensics and beneficial-ownership investigations, and support updates to regional anti-money laundering and cybercrime laws. The program aims to help authorities examine blockchain transactions and coordinate investigations across borders. The initiative was announced alongside the inaugural US-Pacific Islands Conference of Police Ministers. The announcement sets out planned funding and training; it does not report that assets have been seized or criminal networks dismantled. Its impact will depend on implementation and participating agencies’ ability to apply the new capabilities.

Microsoft and Alphabet are due to report earnings early on 29 October Beijing time. On OKX’s earnings-season prediction markets, the likelihood of results exceeding expectations stood at 62% for Microsoft and 61% for Alphabet. Forecasts that each stock would rise on the first full trading day after its report were 59% and 65%, respectively. The readings show more divided sentiment than earlier forecasts for Robinhood and SK Hynix, which both had above-80% probabilities of beating expectations. OKX is also offering prediction activities with prize pools, including a 10,000 USDT reward for a winning streak.

Japan Bitcoin Industry plans to raise about ¥800 million through a private placement to a Japanese entity of Fulgur Ventures and ANAP Lightning Capital. The investment will be made entirely in Bitcoin and is expected to be paid on 2 November. Japan Bitcoin Industry says the funds will support development of aurora and other Lightning Network payment infrastructure, hiring, routing operations and research. The company has also agreed a routing partnership framework with ANAP Lightning Capital, under which ANAP’s Bitcoin is planned to provide liquidity for Lightning Network channels.

Ripple announced major institutional partnerships and a regulatory milestone on Day 0 of Swell 2026, with potential long-term implications for XRP and RLUSD adoption. Robinhood will use Ripple services across stablecoin settlement, treasury operations and institutional markets. RLUSD is already available on Robinhood Chain and Bitstamp by Robinhood, with a main-app launch expected later this year. BNY Mellon has also added XRP and RLUSD support to its institutional custody platform. Ripple and BNY plan to explore tokenized trade finance on the XRP Ledger, while Ripple and C2FO will use RLUSD for settlement on C2FO’s Instant Pay platform. Ripple Treasury introduced 24/7 Returns, a service designed to help eligible companies put idle cash to work outside traditional banking hours using qualifying digital assets. Separately, the US Office of the Comptroller of the Currency granted final approval to Ripple National Trust Bank. The entity will oversee segregated RLUSD reserves and offer fiduciary digital-asset custody. The announcements strengthen Ripple’s institutional positioning and could support broader XRP Ledger and RLUSD use. However, the article does not report new trading volumes, adoption figures or direct market-price effects.

South Korea’s National Office of Investigation has opened a preliminary inquiry into a series of hacks targeting securities firms and cryptocurrency exchanges. A dedicated team handling financial-sector cyberattacks will investigate whether the incidents are connected. Recent cases include a data leak affecting 38,500 customers of Daishin Securities, employee information exposed at Bithumb, and information leaked from some business systems at Mirae Asset Management. Earlier attacks on 16 financial institutions, including KB Kookmin Bank, exposed about 100,000 personal records. The crypto exchange hacks and related financial-sector breaches have not been publicly linked to stolen funds or trading disruptions. The investigation may nevertheless keep cybersecurity and exchange trust in focus for traders.

Quake AI, the cloud business formed from Rumble’s acquisition of Northern Data, plans to build infrastructure primarily for AI agents rather than human users. Its services are expected to let autonomous software interact directly with cloud infrastructure. Quake AI currently operates about 22,000 NVIDIA H100 and H200 GPUs across nine data centers in Europe and North America. It is targeting around 250 MW of energized and planned power capacity by 2027. Northern Data’s 2026 revenue outlook was raised to €170 million–€190 million, while GPU utilization was about 85% as of March. A multi-year, $270 million GPU capacity deal with Together AI has supported demand. Quake AI is also working with Tether on a proposed blockchain-based “trust layer” to coordinate AI agents. The companies have not yet provided details on how the integration will work, so the plan remains an intention rather than a launched product. Traders will be watching for product announcements, execution of the Tether partnership and progress toward the revenue and capacity targets. The Quake AI strategy combines established GPU-cloud demand with a less-proven AI-agent and blockchain opportunity.

Google DeepMind unveiled Genie 4, a real-time interactive world model, while Predict.fun released PREDICT tokenomics: a 1 billion total supply, 16% unlocked at TGE and 7% allocated to its first-season airdrop. Binance Wallet plans a PREDICT pre-TGE sale. Crypto market indicators were mixed. US spot Bitcoin ETFs recorded $176 million in net inflows, led by BlackRock’s IBIT, while options with a combined notional value of nearly $11.7 billion in BTC and ETH are due to expire on Friday. Large XRP holders control 68.5% of supply, a nearly four-year high. Analysts say Binance ETH open interest remains high in ETH terms, despite falling in dollar terms. Security and regulatory developments added risks. Coinbase said a third-party Amplitude incident exposed some customer contact information, but its own systems and customer funds were not affected. Coinbase also plans to convert certain EEA retail users’ non-MiCA-authorized token balances on 30 October 2026 unless withdrawn beforehand. Separately, an attack on Avalanche’s Tranche Vault reportedly drained about $1.01 million. Overall, ETF demand and whale accumulation offer supportive signals, but concentrated holdings, leverage, options expiry and security incidents may increase volatility.

TTM Technologies has shifted from a cyclical, lower-margin business towards higher-growth data centre and aerospace and defence markets. Its shares rose from about $20 to $220 before pulling back to around $80, as valuation concerns and strong operating momentum drove volatility. Recent acquisitions, including Ophir Optics and Epiq Design Solutions, expand TTM Technologies’ capabilities in AI infrastructure and defence. The company’s CEO has said earnings could double by 2027, supporting a forward price-to-earnings ratio of about 20 times. However, sequential earnings growth has slowed, and the outlook depends on successful integration and execution. The investment commentary sees potential for further growth but highlights that the sharp share-price swings reflect meaningful risk.

Bitcoin rose about $2,000 in 24 hours to around $81,500 on October 28, ahead of the US Federal Reserve’s FOMC decision and a speech by Kevin Warsh. The move followed a drop to a five-week low of $79,100 over the weekend. Bitcoin’s market capitalisation climbed to $1.63 trillion, and its market dominance returned to 60%. Traders may see further volatility as they respond to the Fed meeting and its policy signals. The broader crypto market also advanced. Ethereum gained 3% and approached $2,400, while XRP rose 3% and held above $1.30. BNB traded above $750, and Solana recovered from below $100. BTW jumped nearly 30%, PEPE rose 16%, and M gained 12%. Total crypto market capitalisation increased by more than $40 billion to above $2.71 trillion. Bitcoin’s rebound is a short-term positive, but the Fed’s outlook could quickly shift market sentiment.

NEAR rose on Wednesday after rebounding about 6% the previous day. The move followed the launch of confidential perpetual contracts tied to Jio Platforms on NEAR Intents. The derivatives offer price exposure ahead of Jio’s scheduled listing, but do not represent ownership of its shares. The launch adds a use case to the NEAR ecosystem; its effect on demand for the NEAR token remains uncertain. Fund flows were a counterweight. Bitwise’s NEAR-focused ETF saw $4.84 million in outflows on Tuesday, after $1.40 million in inflows on Monday. That amounts to roughly $3.44 million in net outflows over the two sessions, reversing a four-week run of inflows. The data do not establish why investors withdrew funds or whether outflows will continue. NEAR traded near $4.74, above its 50-day EMA at $4.33 but below a descending trendline around $5.02. A sustained move above $5.02 could put $5.57 in view. Support sits near $4.43 and $4.33; a break below could expose $3.91. Momentum remains mixed, with RSI near neutral at 49 and MACD below its signal line. Traders are watching whether NEAR can reclaim $5 while holding support, and whether ETF flows recover.

Coinbase’s status information cited an October 26, 2026 deadline related to the Blast network shutdown. It warned that BLAST assets not moved from Coinbase before the cutoff would no longer be accessible through the platform. Users should check Coinbase’s latest status and help notices for account-specific instructions and avoid depositing assets through an unsupported network. The notice concerns platform access and network support; it does not make a claim about the BLAST token’s market price. The impact on BLAST holders depends on the precise deadline, available transfer routes and whether destination wallets support the asset.

The S&P 500 Quanto USD-BRL Currency Adjusted Index tracks U.S. equity futures while mitigating fluctuations in the U.S. dollar against the Brazilian real. It measures the nearest-maturing quarterly E-mini S&P 500 futures contract traded on Brazil’s B3 exchange and rolls to a new contract quarterly. The index offers Brazilian investors a way to assess U.S. equity performance with less exposure to USD-BRL currency movements. The article also notes that benchmark selection can materially affect comparisons of active U.S. equity funds domiciled in Brazil.

CoreWeave’s mounting debt and rising borrowing costs are putting pressure on AI infrastructure stocks and fuelling concerns about financing across the sector. Earlier reports put its debt at roughly $50 billion and said some bond yields had topped 15%, while estimates of default-protection costs later climbed to about 1,000 basis points. CoreWeave shares fell around 30% in October as investors reassessed the risks of debt-funded expansion. The company reported $5.1 billion in 2025 revenue and a $1.2 billion net loss. It had a $104.2 billion revenue backlog at the end of the second quarter of 2026 and secured more than $25 billion in additional commitments. But investors are questioning whether those contracts will convert into cash quickly enough to cover debt and operating costs. Nvidia has agreed to buy CoreWeave capacity that remains unsold through April 2032. The pressure has spread to other neocloud providers and Oracle. Separate figures cited earlier showed AI-related debt issuance falling from $113 billion in June to $23 billion in September, while bankruptcy-market estimates put CoreWeave’s odds of bankruptcy at 14.5% by January 2028, 22.5% by January 2029 and 28.5% by January 2030. Analysts point to financing and execution risks, rather than weak AI demand, as the main concern. For crypto traders, the episode is a broader signal of tighter funding conditions for AI infrastructure, but its direct impact on any cryptocurrency is unclear.

BNB Chain contract deployments rose to 12.3 million in Q3 2026, up about 173% from 4.5 million in Q2, according to a Blockworks report cited by BNB Chain. Unique daily deployers increased 13% to about 5,100, even as average daily active addresses fell 14% to 2.10 million. Quarterly transactions grew 7.5% to 1.51 billion, with activity concentrated in applications including Predict.fun, GMGN and token launchpads. BNB Chain contract deployments grew much faster than the number of deployers, but the report does not establish how many contracts support active applications or AI agents. BNB Agent Studio released four software versions during Q3, adding payment, earnings, wallet-control and deployment features. By early October, BNB Smart Chain accounted for about 61% of tracked ERC-8004 agent registrations; registrations do not necessarily indicate sustained use or revenue. Tokenized-equity trading reached $25.6 billion, while network revenue rose 54% to $54.2 million. The figures point to stronger builder, trading and tokenized-asset activity, alongside weaker daily address counts and questions about deployment quality.

The article reports that the seasonally adjusted US money supply increased by $113 billion in September, equivalent to an annualized growth pace of 6%. It says money supply has risen consistently month by month since November 2023. The author argues that money supply offers a measure of financial conditions alongside interest rates, and claims that elevated inflation may limit the Federal Reserve’s ability to keep rates high. The article does not provide detailed data sources or discuss cryptocurrency markets directly.

The article says Bitcoin (BTC) is trading below $80,000 and predicts that the next crypto bull run may not begin until after the US midterm elections. This is the author’s market view, not a confirmed forecast. The piece also briefly mentions a forthcoming FTX drama series and praises Ripple Labs, but gives no details about either. Most of the article focuses on UK tax authority HMRC: it criticises proposed changes that would shorten the period for individuals to reclaim overpaid National Insurance from six years to four, while extending HMRC’s window to pursue some underpayments from six years to 20. It also raises concerns about HMRC seeking more information on wealthy individuals’ assets. For traders, the main market signal is the author’s cautious outlook on Bitcoin; the article reports no new crypto policy or project developments.

A crypto whale has transferred 2,252 ETH, worth about $5.29 million, to OKX, according to on-chain analyst Ai Yi. The transfer is the address’s latest deposit and took place about an hour before the report. Over roughly two weeks, the whale is suspected of selling ETH holdings worth $12.41 million. The address withdrew 5,160 ETH at an average cost of $2,433. If the full 2,252 ETH deposit is sold, the whale would lose about $148,000. The transfer may add near-term selling pressure, but an exchange deposit alone does not confirm a sale.

Trust Wallet’s security team has confirmed that a website advertising a cryptocurrency payment card is fraudulent and warned users not to connect their wallets or approve suspicious requests. The site falsely used Trust Wallet branding and promised a $100,000 spending limit, up to 8% cashback, no KYC checks, airport lounge access and card issuance for $1. Crypto security researcher Daniel (@0xDani) flagged the website on X. A representative of Trust Wallet’s security team said the offer was not affiliated with the company and directed users to its official app and website. The wallet connection is a key risk: while connecting alone does not automatically grant access to funds, malicious transaction approvals or signatures can give attackers token-spending permissions. No confirmed losses or affected wallets were reported. The warning highlights ongoing phishing and wallet-draining risks for crypto users.

OpenAI CEO Sam Altman and Oracle co-CEO Clay Magouyrk discussed how AI is moving beyond chatbots into coding, enterprise software, cybersecurity, scientific research and chip design. Magouyrk said more than 70% of Oracle’s code is now written by AI, and employees who do not consider themselves developers are using AI tools to build applications. Altman said broad workplace adoption is helping people automate routine tasks and explore ideas that were previously too difficult or costly to pursue. He also urged companies to prioritize AI security, arguing that models can uncover longstanding software vulnerabilities and help organizations fix them. Altman cited AI’s role in scientific discovery and chip design, including OpenAI’s Jalapeno inference chip, which is being deployed on Oracle Cloud Infrastructure. He said AI could ultimately help deliver better and less expensive services, while warning that the pace of change is accelerating.

Bitcoin traded around $80,000 after a volatile week as markets focused on the Federal Reserve’s October 27–28 policy meeting. The meeting schedule does not confirm the outcome: traders must wait for the Fed’s decision and statement before assessing its implications for Bitcoin. The key market drivers will include the Fed’s signals on inflation, economic growth and future interest rates, as well as movements in the US dollar and bond yields. Higher rates can make cash and short-term securities more attractive and tighten financial conditions, potentially weighing on risk assets such as Bitcoin. Markets may react more to how the decision compares with expectations than to the rate announcement alone. Spot Bitcoin exchange-traded fund flows, liquidity and derivatives positioning may also influence price action, but a single day of inflows or outflows does not establish a lasting trend. Bitcoin’s near-term response should be assessed alongside broader markets, rather than treated as proof of a new trend. The article reports no final Fed decision or confirmed change in Bitcoin’s value.

The SEC is moving toward more detailed rules for crypto custody, tokenized securities and digital-asset issuance, as crypto becomes more integrated with traditional finance. The proposed SEC crypto custody rules would set requirements for registered investment advisers and regulated funds that hold crypto assets, and update recordkeeping and reporting. Public comments are open until December 7, 2026. Tokenized securities are also a fiscal 2027 examination priority. The SEC plans to assess risks as traditional securities move onto blockchain infrastructure. In September, the agency introduced an Innovation Exemption that allows certain venues to facilitate blockchain-based stock trading under temporary relief. The initiative has drawn interest from trading firms, while at least 22 companies have objected to a planned tokenization platform backed by OKX and Intercontinental Exchange. Separately, the SEC is considering Regulation Crypto Assets, which would create exemptions for some investment-contract offerings: up to $5 million over four years and up to $75 million over 12 months, subject to conditions. A conditional safe harbor could also clarify when qualifying tokens fall outside the investment-contract definition. Together, the SEC crypto rules signal a shift from broad uncertainty toward specific requirements for custody, tokenized markets and fundraising. Greater clarity could support institutional participation over time, but compliance costs and enforcement risks remain important considerations for crypto firms and traders.

Bitcoin’s drop below $80,000 triggered about $815 million in crypto liquidations over 24 hours, affecting more than 200,000 traders. Long positions accounted for most of the losses: nearly $402 million in longs were liquidated in a four-hour period, and longs made up over 94% of Bitcoin and 92% of Ethereum liquidations in that window. Bitcoin briefly reached about $79,280 on October 24. Futures open interest fell 2.2% to $140.1 billion, suggesting traders were closing positions and cutting leverage. High leverage can turn a sharp price move into a liquidation cascade as forced sales add further pressure. The sell-off came amid elevated derivatives activity and ahead of a Federal Reserve policy meeting, which could add to short-term volatility. Derivatives accounted for 77.6% of centralized exchange trading volume in September. Traders are likely to monitor open interest, funding rates and liquidation levels for signs of crowded positioning.

Blockchain networks face a future security challenge if sufficiently powerful quantum computers can use Shor’s algorithm to break elliptic-curve signatures. No quantum computer can currently do this at the scale required, but upgrading blockchain infrastructure takes time. The article argues that post-quantum cryptography requires a coordinated migration—not simply swapping algorithms. NIST finalized two digital-signature standards in 2024: ML-DSA and SLH-DSA. Their larger signatures and different verification requirements could affect transaction fees, network throughput, wallets, smart contracts and custody systems. Teams should map cryptographic dependencies, test performance and recovery procedures, and build versioned, replaceable authentication systems. Hybrid signatures may help with transition, but require careful design. A key unresolved issue is how to handle dormant accounts whose owners cannot migrate. The article recommends phased testing and deployment, while noting that Ethereum’s post-quantum research and roadmap are still evolving. The immediate message for crypto traders is that post-quantum signature migration is a long-term infrastructure and governance issue, not evidence of an active quantum attack or an immediate market catalyst.

Danelfin and Tickeron offer different AI stock-trading tools, but their performance claims vary in transparency. Danelfin rates about 5,600 US and European stocks on a 1–10 scale; users place trades themselves. Its public audit says the current model went live on July 7, 2025. Since launch, stocks rated 8–10 averaged -0.5% three-month alpha, while the comparable backtest bucket averaged +2.2%. The audit also flags survivorship bias and says the strongest historical results were concentrated in 2017–19. Tickeron provides short-term trading signals, pattern tools and bots, including agents that users can copy from Tickeron’s own brokerage accounts. Its bot page advertises a 191% annualized return across 419 closed trades, but does not identify the bot, the dates, or whether the result came from live trading or a backtest. Tickeron also lacks a public pricing page. The comparison’s key takeaway is that Danelfin publishes a dated audit, while Tickeron’s headline return is difficult to verify from the information provided. Neither claim establishes reliable future performance. The article notes that milo is not a direct alternative: it tracks SEC filings and insider trades for stocks and offers crypto trading agents, but its stock features are limited to research and paper trading.