News linked to this event type.
Odaily Report: Former Mt. Gox CEO Mark Karpelès posted on X platform, criticizing that if Ledger had disclosed the relevant issues in a more timely and effective manner, rather than only publishing an inconspicuous article on Ledger Academy, losses exceeding $90 million might have been avoided. He also questioned why Ledger had not maintained sufficient vigilance regarding mass-produced advanced implant devices.In response, Ledger CEO Pascal Gauthier questioned Mark Karpelès's stance, stating that Ledger has always done its utmost to protect users. He said that related security work is extremely challenging and acknowledged Karpelès's concern about the matter, but demanded that he speak based on known facts and avoid speculation. He also remarked sarcastically: "Come on, you're no white knight, be realistic."
Turkish Justice Minister Akın Gürlek stated that HEX founder Richard Heart (real name Richard James Schueler), who is suspected of a $1 billion cryptocurrency fraud across the United States and Finland and has been issued an Interpol Red Notice, was reportedly arrested on October 14 in Beşiktaş, Istanbul. His wife and three individuals identified as bodyguards were also detained. Akın Gürlek has served as the Turkish Justice Minister since February 2026.
Odaily reports: Goldman Sachs CEO David Solomon said during the October 13 earnings call that tokenization is becoming an important trend spanning multiple asset classes and could bring more products, clients, and business. The bank has already tokenized bonds, money market funds, and real estate for some clients.DeFi, prediction markets, and automated trading are also under discussion, but Goldman Sachs has not announced related specific products. Solomon said blockchain-related activity remains relatively small in scale at present.Goldman Sachs uses its proprietary GS DAP platform to provide blockchain-based financial asset infrastructure and participated in the tokenization service launched by the Depository Trust & Clearing Corporation (DTCC) in July, and is evaluating scalable applications. Solomon said tokenization can reduce costs, automate processes, and improve liquidity across asset classes.Solomon said Goldman Sachs supports the passage of the CLARITY Act, despite reservations about some provisions, and is participating in discussions with regulators on market rules. The bank reported third-quarter net revenue of $18.68 billion, with equities business revenue up 72% year-over-year to $6.4 billion. (Bitcoin.com News)
Odaily reports: Deutsche Bank is close to launching an institutional-grade crypto asset custody business and is expected to begin serving institutional clients within a few weeks. It will initially target German enterprises and professional investors, supporting assets such as Bitcoin and Ethereum, with technology jointly developed by Swiss digital asset infrastructure company Taurus. The service is not a retail-facing cryptocurrency trading app, and the relevant plans are still subject to regulatory approval. Deutsche Bank has also discussed tokenized deposits, digital securities, and the possibility of expanding to Asian financial centers in 2027.
Odaily reports: Frgmnt co-founder and CEO Aurélien Roussel stated that stablecoins are shifting from DeFi tools to critical infrastructure for accessing US dollars, and the next phase of adoption will depend on making blockchain technology nearly invisible to end users.He noted that the 2023 bank failures demonstrated that fiat-collateralized stablecoins, despite being on-chain assets, still rely on the off-chain traditional banking system and cannot fully escape bank counterparty risk.Roussel stated that Tether maintains dominance in non-Western global trade through liquidity, exchange support, merchant acceptance, and distribution networks, while local regulatory frameworks such as MiCA are pushing issuers to build locally compliant infrastructure.He believes that Layer 2 networks have reduced stablecoin transaction costs to less than 1 cent, and issuer competition will shift toward distribution, liquidity, and financial services. Stablecoins will also expand from payment tools into programmable, yield-generating capital. CBDCs and private stablecoins are more likely to coexist. (Bitcoin.com News)
Coinbase's outstanding balance for crypto-backed loans has reached $2.3 billion, with the product launching in January 2025. Eligible users outside New York State can pledge Bitcoin to borrow USDC without selling their holdings, with loans routed through the Morpho decentralized lending protocol on the Base network. On September 22, Coinbase added fixed-rate loans through Morpho Midnight, and pledgeable assets have expanded to XRP, DOGE, ADA, and LTC. As of mid-September 2026, floating-rate loans have exceeded $1.4 billion, backed by approximately $3 billion in collateral.JPMorgan's JPMD tokenized deposits have been running on Base for institutions since mid-2026, with Citi and BNY Mellon also advancing related initiatives, and multiple UK banks planning to launch related networks in 2027.
Odaily Report: Roughly half of the market value of the tokenized stocks issued by Coinbase has been deployed into DeFi protocols on the Base network, involving fractional shares of major companies such as Apple and Nvidia, and is open to eligible non-U.S. users on the Base platform. As of the time of reporting, approximately $262.4 million of such assets had been deployed in DeFi protocols, an increase of about 18x from $14.66 million at the start of 2026. These assets can be traded on decentralized exchanges and used as collateral for lending. Coinbase previously disclosed that DEX trading volume of tokenized U.S. stocks on Base reached $1.5 billion over the past 30 days, up 313% from the prior 30 days.
Odaily reports: Polygon Labs has announced the completion of its acquisition of Coinme, a US-regulated crypto payment service provider, with plans to leverage stablecoin infrastructure to enter the payments market dominated by Visa and Stripe. Polygon Labs CEO Marc Boiron stated that the acquisition will help Polygon Labs own customer relationships and capture revenue that previously flowed to intermediaries; Polygon Labs has now become a payments-focused company that uses blockchain to move money. In January, Polygon Labs launched Open Money Stack to support stablecoin payments and cross-border transfers, and to charge fees for currency exchange and money transfers. Marc Boiron said the regulated payments business is expected to become profitable by 2027. Data shows that Visa's payment volume exceeded $12.3 trillion in fiscal year 2025, while Stripe's payment volume reached $1.9 trillion. Through the acquisition of Coinme, Polygon Labs will control more business processes in areas such as crypto asset, stablecoin, and fiat currency conversion, rather than handing customers over to third parties. Polygon Labs' unified payments platform is currently still in technical preview and not yet fully open; early users include Tazapay, Mesh, Toku, and Kira.
According to Onchain Lens monitoring, a Hyperliquid trader's account address has been published. Previously, the trader held a TSLA short position worth $4.25 million for 1 day, making a profit of $241,700, a gain of 21.5%; the SKHX short position profited $1.34 million, the NBIS short position profited $1.17 million, the SPXC short position profited $552,400, and the XYZ100 short position profited $498,100; total unrealized profit was $3.65 million, with cumulative historical losses of $217,600.
Michael Saylor posted on X platform stating that this week at ParaFi Investor Day he introduced digital capital, credit, and equity, and held a fireside chat with Jeff Park to discuss digital assets, digital intelligence, and the future of finance. The presentation covered topics including Bitcoin as digital capital, CLARITY regulation, Bitcoin banking adoption, reshaping gold-backed credit with STRC, STRC returning to par value, Bitcoin gain per share, Strategy's triple flywheel, shifting from quarterly dividends to daily dividends, Bitcoin-backed stablecoins, adoption by digital credit institutions, as well as digital currencies, derivatives, exchanges, regulation, and product development in the AI era.
According to Bank for International Settlements (BIS) Working Paper No. 1382, BIS economists Iñaki Aldasoro and Rashad Ahmed of the Andersen Centre for Financial and Economic Studies published a study examining whether stablecoins and bank deposits act as substitutes. Using U.S. weekly data from January 2019 through June 2025, the study applies the local projection method to estimate how stablecoin market capitalization responds to changes in deposit interest rates. The results indicate that rising deposit interest rates forecast a deceleration in stablecoin growth. In the context of an average ten-week stablecoin growth of 15%, OLS estimates indicate that each 1-basis-point increase in deposit rates reduces the growth rate by approximately 3 percentage points, bringing it down to around 12%. By leveraging the nonlinear dynamic where bank deposit pricing becomes more responsive once the federal funds rate surpasses approximately 3% as an instrumental variable, the estimated effect expands to roughly 9 percentage points, pushing the growth rate down to about 6%. Placebo tests on non-stablecoin cryptocurrency assets reveal no comparable effects.
Odaily reports: Solana has gone two consecutive years without reporting a mainnet outage. A report from Fidelity's Applied Technology Center (FCAT) notes that its network health has made progress across resilience, economic security, and performance metrics.The report notes that higher staking participation and incentive mechanisms rewarding validator performance underpin Solana's economic security, while low latency, improved scalability, and low-cost transactions also support its adoption at scale.The report also states that staking concentration among a small number of validator identities and operators, as well as concentration in custody and client software, still require continued observation. Jacob Creech, VP of Technology at the Solana Foundation, said that Solana reduced slot times to 350 milliseconds on August 21; the foundation announced plans in June to further reduce this to 200 milliseconds, with three additional 50-millisecond adjustments to follow. (Cointelegraph)
According to a statement from Avon and Somerset Police in the UK, Terroll Paul, 31, Mohamed Samagassi, 37, and Pierre Madzou, 30, broke into a man's residence in Bristol in the early hours of May 15, assaulted the victim and demanded he hand over a large amount of cryptocurrency, but were unsuccessful. On October 15, the trio was sentenced at Bristol Crown Court for aggravated burglary, with Paul receiving six years, Madzou five and a half years, and Samagassi five years. The victim sustained severe head injuries requiring hospital treatment. His underage sister successfully raised the alarm, prompting the immediate arrest of the three suspects at the scene. They subsequently pleaded guilty when they appeared in court in August.
Arthur Hayes stated that the so-called crypto quantum threat is a known and manageable risk, not a reason to sell Bitcoin. The truly practical protection lies in proper wallet management, including avoiding address reuse and using newer signature types; most of the risk is concentrated among users with poor address management practices.
Odaily reports: BitMEX co-founder Arthur Hayes said on the Convergence program on October 16 that OpenAI, Anthropic, and SpaceX are all unprofitable, and that AI model companies rely on debt financing, equity financing, and implicit support from the U.S. government.The Nasdaq 100 index fell 2.5%, and chip stocks declined for an eighth consecutive day, marking the longest losing streak since 2008. On October 17, Bitcoin's price was close to $81,400. A Bank of America analyst said the $1 trillion AI investment boom may follow a typical boom-and-bust cycle.Hayes believes that the bigger the AI bubble, the larger the subsequent bailout will be, and the higher Bitcoin's price will go. He also said Bitcoin can reflect wasted capital. He also criticized token issuance methods, saying that retail investors who bought at TGE and then suffered a 95% drop were the ones who got hurt. (Bitcoin.com News)
Regarding recent community speculation that a 20% correction in the US stock market would trigger a plunge in Bitcoin to $10,000, crypto analyst Darkfost published an analysis noting that if Bitcoin were to fall to $10,000, it would represent a decline of approximately 87% from current prices and a drawdown of roughly 92% from its all-time high. Historically, Bitcoin has only experienced a maximum drawdown exceeding 92%, which occurred in 2011; its maximum drawdowns in 2015, 2019, 2022, and 2026 were 82.5%, 82.6%, 74.4%, and 54.2%, respectively. Darkfost further pointed out that while Bitcoin fell approximately 80% when the S&P 500 index corrected by about 19.53%, it only declined around 22% during the S&P 500's similar pullback of over 19% in April 2025. Therefore, directly linking a 20% US stock market correction to Bitcoin falling to $10,000 is not sufficiently supported by historical data.
BitTorrent announced the official launch of its brand upgrade and simultaneously completed its first-quarter $BTT buyback and burn. Operating now under a unified master brand, BitTorrent has integrated content distribution, decentralized AI inference computing services, and Layer 2 infrastructure into an integrated service ecosystem tailored for Web3 and AI. Meanwhile, 100% of the Q3 revenue generated from decentralized services has been used to repurchase and permanently burn 21,621,611,570,729.6 $BTT from circulation (approximately $7.6 million). The simultaneous rollout of the unified master brand and deflationary economic model not only strengthens brand synergy and ecosystem resource integration but also ties ecosystem growth more transparently to token value through the buy-and-burn mechanism, building more sustainable infrastructure for Web3 and AI applications. Explore the upgraded BitTorrent and review the official announcement and burn details.
According to information released by DTCC regarding its tokenization service, the platform will initially support 25 categories of tokenizable securities, backed by DTC-custodied securities worth approximately $30 trillion. Tokens maintain a strict 1:1 peg with their underlying securities, utilize the same CUSIP identifiers, and carry identical rights and investor protections as traditional book-entry instruments, with the official ledger remaining under DTC custody. Peer-to-peer transfers between DTC-registered wallets operate 24/7, subject to built-in compliance restrictions on token transfers. Participants may submit conversion orders via the UI and API during Eastern Time business hours from 2:00 AM to 6:00 PM, with a target processing window of under 15 minutes. U.S. Treasury coupon distributions and maturity redemptions will be processed on-chain, with fiat proceeds disbursed directly to participants’ traditional banking accounts. The inaugural asset lineup comprises Russell 1000 constituents (initiating with select large-cap equities), select ETFs, and U.S. Treasuries. Initial network integrations feature Canton Network (CIP-56) and DTCC’s private Besu network (ERC-20), with Stellar (SEP-41) and Circle’s Arc (ERC-20) targeted for 2027 deployment. The extended roadmap encompasses broadening the universe of tokenizable securities, deploying governance controls such as single sign-on and maker-checker approvals, scaling corporate action capabilities for equities and ETFs, merging book-entry and on-chain position records, and enabling on-chain netting, collateral management, and number
Odaily reports: Cryptocurrency exchange Bitget has announced that it will cease providing services to certain users through a one-time measure. Bitget stated that user funds remain safe during the related service adjustments, and the platform will continue to operate.Affected users will receive follow-up steps, relevant deadlines, and fund withdrawal arrangements via email, in-app messages, and/or push notifications. Users who have not received official notifications from Bitget may continue to use their accounts normally.Bitget's customer support team will assist users with pending orders, withdrawals, and other account issues during the process, and reminds users to use only official channels and to beware of phishing links, impersonation accounts, and unverified information.On September 25, Bitget confirmed an unauthorized transfer and temporarily suspended withdrawals to investigate a security breach. Subsequent disclosures revealed that the incident involved approximately $388 million in stolen assets. (Cointelegraph)
Ethereum co-founder Vitalik Buterin (@VitalikButerin) posted on October 17 that approximately 50% of Bitcoin mining costs are capital expenditures for computing hardware, with the remaining 50% consisting of electricity costs; meanwhile, AI inference costs are almost entirely driven by capital expenditures for compute. The post has already reached 46,700 views since publication.