News linked to this event type.
Odaily reports: Crypto.com's prediction market trading platform and Novig filed suit against Missouri officials in federal court last Friday, asking a judge to bar the state from taking enforcement action against their sports event contracts. Previously, Missouri Attorney General Catherine Hanaway sent cease-and-desist letters in September to six platforms, including both companies, requiring them to stop offering sports event contracts to state residents within 30 days or obtain a state license and pay a 10% tax. Crypto.com said the cease-and-desist letter was mistakenly sent to Foris DAX, Inc. rather than the trading platform itself; the Missouri Constitution only permits the issuance of two mobile sports prediction licenses, and both have already been granted, making obtaining a license unfeasible.The two platforms argue that the Commodity Exchange Act grants the CFTC exclusive jurisdiction and preempts state law. Kalshi, Polymarket, Robinhood, and Underdog, which also received cease-and-desist letters in September, had not filed suit in Missouri federal court as of Sunday. Because multiple U.S. federal appellate courts are divided on whether federal law preempts state regulation, Novig has asked the court to issue a preliminary injunction during the litigation to maintain the status quo.
Odaily reports: Ripple's institutional brokerage business Ripple Prime has launched real-world asset (RWA) perpetual swaps, offering institutional clients continuous trading across more than 100 reference markets including individual equities, equity indices, ETFs, metals, energy, and foreign exchange. Ripple Prime acts as counterparty for these trades, with pricing referenced to perpetual contracts listed by Trade.xyz on the decentralized derivatives platform Hyperliquid, and does not involve ownership of the underlying assets or physical settlement. Clients can cross-margin related positions with other assets on the platform, and eligible clients may use RLUSD as collateral; market maker Virtu is among the early users. The business is currently offered under a British Virgin Islands license and plans to expand to more regions.
Odaily reports: Circle disclosed that in the first half of 2026, USDC retained only 7 cents of net profit per $1 of revenue. According to a blog post published on October 16 by Circle Chief Business Officer Kash Razzaghi, Circle generated approximately $1.4 billion in revenue and reserve income in the first half of the year, of which $819 million was distributed to distribution partners and used for transaction costs, equivalent to about 59 cents per dollar of revenue. Circle stated that the low revenue retention rate demonstrates the sustainability of its model, and said that competitors' higher revenue-sharing ratios mean they are saving costs on underlying infrastructure.Circle holds more than 55 licenses and partners with over 25 banks, with more than 150 partners participating in the USDC economic revenue share. In the first half of 2026, USDC on-chain transaction volume exceeded $36 trillion; in June 2026, USDC's share of global stablecoin transaction volume rose to 77%, up from 60% in the same period the previous year. Open USD launched in June 2026, featuring free minting and redemption, and distributes reserve income directly to participants.
Odaily reports: The U.S. Depository Trust & Clearing Corporation (DTCC) will open commercial access to its tokenization service this month, covering approximately $30 trillion in assets under DTC central securities depository custody—about one-quarter of its total assets under custody. The service will initially run only on two closed platforms, Canton and Besu, with an initial batch of 25 liquid instruments including U.S. Treasuries, major ETFs, and Russell 1000 large-cap stocks. The system will only support two types of participants converting traditional securities into tokens via UI or API between 2:00 and 18:00 ET, while institutions can transfer tokens between wallets around the clock. Stellar (XLM) has been named a 2027 launch partner and will be integrated under the SEP-41 standard alongside Circle's Arc solution, with the original timeline of the first half of 2027 unchanged; a closed pilot in July this year involved more than 30 Wall Street institutions.
Ethereum co-founder Vitalik Buterin launched a "paranoid mode" for his AI agent on October 16, designed to conceal user identity, request origins, and payment traces. The solution packages zkAPI, Tor, additional obfuscation traffic, and local large language model prompt rewriting into an OpenAI-compatible daemon, with an outer wrapper designed for the agent framework pi. The system is already running on the Ethereum mainnet and supports ETH and USDC deposits. Vitalik stated that the system is "already quite usable," but starting new conversations is relatively slow, and the agent is confined to a software sandbox.
Odaily reports: U.S. brokerage Charles Schwab is rolling out Bitcoin and Ethereum external wallet transfers to eligible clients in phases, supporting transfers of the relevant assets into and out of external wallets, expanding its service scope beyond merely providing market exposure within investment accounts. Charles Schwab stated that Bitcoin and Ethereum held through its services will not receive FDIC insurance, and the relevant crypto assets are not insured traditional bank deposits. The service will be launched gradually, and the company has discussed expanding supported assets beyond Bitcoin and Ethereum.
Odaily reports: Blockchain project Qubic has disclosed that between October 17 and 18, approximately 2.94 trillion QU worth $1.3 million was transferred out of 1,404 wallets. The unauthorized transfers occurred between 23:42 and 01:26 the following day, after which network validators paused transactions at tick 85,371,949.Qubic stated that the incident involved predictable wallet seeds generated by older Apple devices and browsers, and that the issue has been fixed in version 4.26.4. Developers also secured other at-risk funds before the attacker could move them.About 87.1% of the stolen QU remains within the paused Qubic network, while approximately 12.9% was transferred to cryptocurrency exchange MEXC and frozen. Cryptocurrency exchange Bitget has suspended QUBIC deposits and withdrawals. Whether victims will be compensated is to be decided by Qubic's Computor cluster, and QEARN staking remains unaffected. (Bitcoin.com News)
Odaily report: In response to BNB Chain ecosystem member Spigg's proposal to launch a BNB phone that integrates a native wallet, instant payments and transfers, and consolidates all DApps in the ecosystem into one place, CZ said he rarely disagrees with Spigg, but he is not sure whether carrying a crypto phone everywhere is a good idea.
Odaily reports: A survey covering 4,506 adults across the United States shows that most respondents oppose betting on U.S. elections and other government actions through prediction markets. 69% of Democratic respondents and 61% of Republican respondents opposed betting on election results. The survey was conducted from September 30 to October 5.The prediction market industry, driven by platforms such as Polymarket and Kalshi, allows users to bet on U.S. elections, changes in government policy, and sporting events. The related business has triggered multiple regulatory lawsuits between state governments and federal agencies.The survey shows that 43% of respondents oppose betting on professional sports events, while 29% expressed support. The administration of U.S. President Donald Trump is pushing for the industry to be regulated by the U.S. Commodity Futures Trading Commission (CFTC). 39 states and the District of Columbia have submitted amicus briefs, stating that the dispute between federal and state regulators has evolved into a nationwide jurisdictional conflict. (Cointelegraph)
Michael Saylor, founder and executive chairman of Bitcoin treasury company Strategy, has once again posted Bitcoin Tracker-related information. According to previous patterns, Strategy typically discloses Bitcoin holdings change information the day after such messages are released.
Strive CEO Matt Cole posted a chart of the company's Bitcoin holdings on X, with the caption "Now stacking sats with double horsepower," hinting at a possible disclosure of increased BTC holdings next week. The move may be emulating Strategy founder Michael Saylor.
Odaily report: According to a U.S. Department of Justice announcement, law enforcement authorities in Ghana and Nigeria arrested 28 people in a joint operation targeting West African fraud networks, involving criminal activities such as cryptocurrency investment fraud. The operation was led by the UK's National Crime Agency (NCA), with participation from Binance, Coinbase, and blockchain analytics firms Chainalysis, Elliptic, and TRM Labs. Private-sector partners collectively identified more than $11 million in funds that could potentially be frozen, though the amount has not yet been confirmed as recovered assets.Coinbase stated that it assisted in tracking illicit funds, supporting asset freezes, and providing intelligence to investigators, identifying more than 65 victims still being defrauded and helping prevent over $415,000 in potential losses. During the operation, Ghanaian police arrested 19 people and seized 303 electronic devices, while another 9 people were arrested in Nigeria. Additionally, 117 human trafficking victims in Ghana are awaiting repatriation to Nigeria, and participants also provided law enforcement with leads on more than 30 suspected fraud centers. The U.S. Department of Justice said this was the first joint operation of its kind specifically targeting the West African region. (CoinDesk)
Odaily reports: Paragon announced on X platform that the Papertrade (PAPER) perpetual contract has launched on the Hyperliquid HIP-3 market, supporting up to 3x leverage. The PAPER price is currently at $0.012, with contract open interest at only approximately $30,000.Previously, Paragon spent 570.98 HYPE (approximately $45,000) to acquire the PAPER ticker.
The Cysic Foundation released an incident report stating that on October 17, its cross-chain bridge experienced a security incident in which an attacker minted 10 million CYS without authorization on the BNB Smart Chain. Upon discovering the anomaly, the project team suspended the cross-chain bridge, placed related addresses on an on-chain blacklist, and hired a professional security firm to investigate the attack vectors and fund flows.
Odaily reports: The crypto project Cysic has announced that its cross-chain bridge was paused on Saturday after an attacker exploited a processing flaw to mint 10 million CYS tokens without authorization on BNB Smart Chain. Preliminary investigations indicate that the attacker may have gained unauthorized access to the database supporting the bridge.The unauthorized minting occurred at 12:31:38 UTC, and Cysic blacklisted the receiving address in the token contract at 13:47:52. The address currently still holds approximately 2.8 million CYS, and related transfers have been restricted.Cysic stated that the incident only involved cross-chain bridge message processing and token minting, and did not affect the mainnet or other operating systems, nor did it result in the theft or unauthorized transfer of existing CYS or other assets in user wallets. Token transfers, swaps, and actual losses are still under review, and the company has engaged security firms and plans to release a follow-up report. (Cointelegraph)
Hyperliquid has announced adjustments to its write priority fees rules, with the changes now live on testnet, primarily affecting latency-sensitive trading users. The new rules include:Mempool priority applies only to Standard abstraction;Aside from cancellations, order placements, and order modifications, other HyperCore operations will cause the relevant account's operations to be downgraded before confirmation;Users who have previously sent CoreWriter operations directly will have their mempool priority lowered;Additionally, using IOC and ALO priority fees requires holding at least 10 HYPE in delegatable balance.
Odaily reports: Michael Saylor, founder of bitcoin treasury company Strategy, responded in an interview with Bloomberg to the possibility that MSCI's new index rules could remove MSTR. He stated that the move does not matter much to Strategy, as the amount of capital they control is relatively small, but he is disappointed with MSCI's stance to date. Oil, natural gas, land, and machinery all count as capital, yet bitcoin does not—this is a value judgment and in fact a bias against digital assets. They are like unregistered financial advisors, setting a "bad precedent" for the entire industry, and he hopes they will reconsider. Digital assets represent the future; MSCI may not want to participate in this future, but investors will not agree, and the United States will not agree either. If MSCI abandons its proposal to remove MSTR, it would benefit the entire industry.Regarding the core dispute over whether Strategy is a company with actual operating business, Michael Saylor compared it to banks and insurance companies. He argued that these financial institutions sell credit and policies, while Strategy uses bitcoin to support digital credit products, so Strategy is an operating enterprise and should be viewed like other financial companies.
Enterprise AI agent infrastructure company AIsa has announced the completion of a seed extension round, with stablecoin issuer Tether and HIVEN joining as strategic investors. This round brings its cumulative funding to over $9 million.Tether and HIVEN join the existing investor lineup that includes Alibaba, Tribe Capital, Sumitomo Corporation, Draper Associates, and Saison Capital. AIsa founder and CEO Jordan Liu stated that the company will build infrastructure to support global discovery, access, and payment for resources by AI agents.AIsa's network integrates resource discovery, access, and transactions, connecting enterprise AI agents with external data, AI search, models, APIs, software tools, and industry services, while providing permission management, usage metering, billing, and settlement. (Cointelegraph)
According to PRNewswire, US-listed Hyperscale Data announced that it has completed the tokenization of 5,000 troy ounces (approximately 155.5 kilograms) of physical silver through its indirect wholly-owned subsidiary Ault Global Commodities and has listed related tokens on the Ault Markets platform, with trading expected to begin within several weeks.
Odaily reports: According to Arkham monitoring, whale 0xf82 withdrew 1 million PancakeSwap (CAKE) tokens from Bybit, worth $2.16 million. In addition, the whale also withdrew 800 BNB, worth approximately $576,000.The PancakeSwap core team previously proposed a governance proposal called "The Flip," which plans to increase the proportion of trading fees from v3 and Infinity liquidity pools distributed to liquidity providers (LPs) to 88%, covering all 11 supported blockchains, while reducing CAKE's daily effective emissions from 22,500 to 7,000, a decrease of approximately 69%.