Morning Minute: Uptober Turns Sour as Crypto Majors Slide
Is this the beginning of a bigger selloff with the anniversary of 10/10 looming? Or just a leverage flush before the next leg up?
News
Reporting, research and analysis from across the web3 ecosystem.
ESMA seeks evidence tokenized collateral can be cashed out in crisis
ESMA is seeking industry feedback on the legal, liquidity and operational risks of tokenized collateral before deciding whether additional EU...
Thailand SEC issues bitcoin and ether ETF rules set to take effect Oct. 16
Thailand's SEC has limited initial crypto ETFs to bitcoin and ether, with new custody, exposure, and trading rules taking effect Oct. 16.
UK sanctions three crypto exchanges tied to Russian illicit funds
The UK sanctioned crypto exchanges and payment processors, some of which were tied to thousands of Russian entities and the sanctioned HTX exchange.
Sam Altman-backed bitcoin life insurer Meanwhile raises $37.5 million round led by Bain Capital Crypto
Meanwhile raised $37.5M from existing investors, bringing the Sam Altman-backed bitcoin life insurer's total funding above $180 million.
XRP Ledger Enables Account Delegation as a Token-Minting Fix Lacks Two Validator Votes
The PermissionDelegationV1_1 amendment went live Oct. 8, and official guidance says not to delegate one permission until a separate fix...
Blumenthal Asks Cantor Fitzgerald for Records on Its Tether Stake and Custody Role
The Senate subcommittee's ranking member sent Cantor Chairman Brandon Lutnick 13 requests about the firm's Tether ties, with responses due October...
Robinhood Explores Stock Token Tied to T. Rowe Price Actively Managed ETF
Robinhood Crypto said it is exploring a token linked to an actively managed fund on Robinhood Chain with T. Rowe Price, but named no fund, date or...
Pyth DAO Approves ‘100% Rule’ Directing Its Share of Product Revenue to PYTH Buybacks
The change replaces monthly votes with one standing authorization after the DAO's monthly purchases fell from about 2.75 million PYTH in March to...
U.S. Government Sends $1 Billion in Seized Bitfinex Bitcoin to Unlabeled Wallets
Arkham data shows 12,267 BTC left a wallet holding coins stolen in the 2016 Bitfinex hack on Thursday, with no exchange deposit recorded. The...
EU Securities Regulator Wants Crypto Platforms to Wind Down Non-MiCA Stablecoin Services
ESMA's opinion to national regulators covers every crypto service tied to unauthorized stablecoins and sets a three-month limit for clearing...
French lawmakers back stablecoin swap tax in 2027 budget bill
France’s Finance Committee backed taxes on stablecoin swaps, as well as unrealized crypto gains when households with more than 800,000 euros move abroad.
Empire Market Co-Creator Sentenced to 40 Years Over $430M Dark Web Bazaar
Raheim Hamilton forfeited some 1,230 BTC. His co-creator Thomas Pavey, who agreed to forfeit 1,584 BTC, is due to be sentenced this month.
Bitcoin speculators move 55K BTC to exchanges amid $1.1B liquidations
Bitcoin dipped below $81,000, sparking mass crypto liquidations as traders sent BTC to exchanges at a loss.
SIM-Swap Fraudster Who Spent Stolen Crypto on Gold Grills and Dubai Trips Jailed
Ajay Shinjin helped steal nearly $265,000 in crypto after criminals hijacked BT customers' phone numbers in November 2021.
Bitcoin, Ether ETFs’ October outflows swell toward $1B
Bitcoin ETFs lost $244 million on Thursday, while Ether funds extended their outflow streak to eight sessions, shedding $641 million.