Crypto news
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Crypto audits give investors false sense of security as Q3 hacks cost $1.18 billion, Hacken says
The security firm found that 77% of third-quarter losses involved compromised suppliers, delayed fixes or systems outside the latest security reviews.
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Crypto exchanges Binance, Coinbase join West Africa scam sweep that flagged $11 million
Private-sector partners flagged $11 million in funds that could be frozen, while officials reported cryptocurrency seizures without disclosing their value.
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Cysic Halts Bridge After Unauthorized Mint of 10 Million CYS
About 2.8 million CYS remain frozen at the recipient address, while onchain records show some tokens were sold before the blacklist took effect.... Read the full story at The Defiant
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Cysic crypto bridge halted after unauthorized mint of 10M CYS
Cysic said the incident was limited to bridge message processing and minting and did not affect the mainnet or other operational systems.
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Chinese suspect in $75M international crime network arrested in Bangkok
Police alleged the suspect was involved in cryptocurrency and foreign-currency exchanges for criminal groups across more than 133 accounts.
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Chip-stock bets lost $52 million in 10 minutes with Wall Street shut
A 10-minute flush hit round-the-clock chip-stock contracts while U.S. markets were shut, leaving traders with no real share price to lean on.
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Tether backs AIsa as strategic investor, completing seed extension round
The round brings AIsa’s total funding to more than $9 million.
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Circle defends USDC economics as stablecoin rivals court its partners with bigger cut
Coinbase, Circle’s largest USDC partner, also backs Open USD, a rival network that passes reserve income to partners after a management fee.
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CoreWeave, Broadcom, Verizon among nine companies objecting to tokenized trading of their shares on OKXICE
Applied Optoelectronics told the WSJ it objected because it was unsure how tokenization would affect its stock price, liquidity and volatility.
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French Assembly Backs Tax on Crypto-to-Stablecoin Swaps by One Vote
The 2027 budget amendment would end tax deferral for swaps into single-currency stablecoins from January 1, but it is not yet law.... Read the full story at The Defiant
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Turkey confirms Hex founder Richard Heart’s arrest, says police seized $7.15 million and six cold wallets
Police reportedly seized $7.15 million in cash, six cold wallets, seven firearms and 1,400 rounds of ammunition in searches of 15 addresses.
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Injective Activates Fixed Gas Costs for Exchange Transactions
Traders and app developers can use published gas budgets for orders, cancellations, deposits and withdrawals instead of simulating each transaction.... Read the full story at The Defiant
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Crypto Super PAC Fairshake Pours Millions More Into Defeating Sherrod Brown
An FEC filing shows the Fairshake affiliate Defend American Jobs disclosed roughly $7 million more in ads against the Ohio Democrat, pushing its total past $46 million—days after the PAC expanded its map to 32 House races.
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Goldman, Wells Fargo, Morgan Stanley see tokenization as a growth play, not a threat
The largest banks in the world are eyeing new trading opportunities, speeding up payments and a role for advisers as tokenization takes root in Wall Street.
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Crypto Firms Launch Quantum Alliance as 6 Million Bitcoin Sit Exposed
The nine-member group, modeled on the Internet Engineering Task Force, aims to set open standards for testing quantum-resistance claims as forecasts place the first practical attack in the late 2020s.
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Chinese Startup StepFun Launches a Phone Built Around an AI Agent, Not Apps
StepFun's STEPX Neo opened for pre-orders in China on Oct. 13 at 3,999 yuan, with an AI agent built into the operating system instead of bolted on as an app.
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Citrini sees a tokenization boom. The harder question is who profits
The influential research firm says real-world assets could finally give blockchains a clear role in finance. For investors, the next challenge is figuring out which companies, networks and protocols capture the revenue.
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Polygon sees Coinme acquisition as entry to payments sector dominated by Visa, Stripe
CEO Marc Boiron said the Coinme acquisition will help Polygon control customer relationships and capture revenue that previously went to payment intermediaries.
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TokenMaxxing: How to Get the Most Out of Your AI Models
AI companies charge by the token, and most people burn them on jobs a cheap model could do. Here's how to spend less and get better results, from your first prompt to your first agent.
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Solana shows resilience, but some areas need continued observation, Fidelity says
Solana has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software should be monitored, according to a report.
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Banks could slow stablecoin growth by paying savers more, BIS paper finds
A BIS working paper found a 1 basis point rise in U.S. bank deposit rates predicted slower stablecoin growth, cutting ten-week growth from 15% to 12%.
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Circle’s Allaire says stablecoin issuer looking to enter 40 developing markets: Report
Markets in Southeast Asia, Latin America, Africa and the Middle East see increasing demand for stablecoins.
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Lagarde says euro-area economy is resilient, digital euro imminent
“The digital euro will further stimulate innovation and competition in retail payments,” according to the ECB president.
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Strive Prices $630 Million SATS Preferred Offering at $90
The $100 dividend base implies a 16.7% simple annual yield at the offer price, above SATA's initial 15%.... Read the full story at The Defiant
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Ether ETFs Lose $320 Million, Overtaking Bitcoin's Weekly Outflows
Five crypto ETF groups tracked by Farside lost $610.7 million during Oct. 12–16, while bitcoin withdrawals slowed 66% from the preceding week.... Read the full story at The Defiant
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Strategy Slides 9.6% After MSCI Decision, Outpacing Bitcoin’s Drop
The company’s disclosed bitcoin holdings remained about $5.1 billion above cost. MSCI’s final affected-company list is due Nov. 11.... Read the full story at The Defiant
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DTCC Outlines 25-Security Tokenization Rollout on Canton and Besu
Tokens will be backed 1:1 by securities held at DTC, with Stellar and Circle’s Arc anticipated in 2027.... Read the full story at The Defiant
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Bitget to discontinue services for some users in one-off exercise
Bitget says user funds are safe and exchange will continue to operate during the change.
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‘Wow, it’s a real discovery’: Claude cracks a 25-year NSA number mystery
Numbers the spy agency handed over in the 1990s, long suspected of hiding a backdoor, turn out to have come from a basic computer program. Bitcoin was never on that list, and its quantum problem hasn’t gone anywhere.
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Celestia’s TIA Jumps 23% in a Day, Extending Four-Week Rally
Daily transaction fees rose to $158, but data posted to Celestia slipped on the latest complete day.... Read the full story at The Defiant