News linked to this event type.
Odaily Report: On-chain detective ZachXBT retweeted the XRP Ledger Foundation's explanation regarding a previous critical security vulnerability and criticized its bug bounty mechanism.ZachXBT stated that XRPL, which holds billions of dollars in assets, only paid a $250,000 reward to the white hat hacker who discovered the critical vulnerability. He believes that this level of reward could weaken security researchers' incentive to proactively report vulnerabilities, and may even encourage attackers to exploit vulnerabilities for massive gains rather than responsibly disclosing the issue.Previously, the XRP Ledger Foundation confirmed that the vulnerability could theoretically bypass the XRP total supply limit, but no additional XRP was found to have been created as a result, and the vulnerability has been fixed through version 3.4.1.
Odaily News: The Smarter Web Company has announced the completion of a $13.25 million initial public offering (IPO) through MORE, the UK's first Bitcoin-backed preferred stock. MORE will begin trading on the London Stock Exchange Main Market this Wednesday, with the first weekly dividend scheduled to be paid on November 9.
According to The Wall Street Journal, Bitcoin mining company Genesis Digital Assets will transition to an AI data center. In June, SWI Group invested $500 million to acquire a large stake in the company, subsequently becoming the controlling shareholder, and announced on October 12 a funding raise of 8 billion euros (approximately $9 billion) for data center upgrades and expansion.
Odaily News: The Financial Stability Board (FSB) has stated that cross-border stablecoin regulation and crisis management mechanisms remain immature or have yet to be established. FSB Chair Andrew Bailey noted that its 2025 review shows that only 11 out of the 28 jurisdictions surveyed have completed building stablecoin regulatory frameworks.The FSB warned that stablecoin runs could transmit to traditional financial markets through forced sales of reserve assets and bank deposit withdrawals. For multi-issuer stablecoins, redemption demands could concentrate on a single issuer, while reserve assets are distributed across different jurisdictions — a similar risk that European Central Bank (ECB) President Christine Lagarde had previously flagged.The FSB has finalized practices for the responsible adoption of AI in the financial sector, covering organizational governance, AI development and deployment, cybersecurity, and third-party service risks. Andrew Bailey stated that AI-driven sophisticated cyberattacks could undermine the resilience of critical financial institutions and market infrastructure. The FSB has submitted related correspondence to the G20 Finance Ministers and Central Bank Governors meeting. (Cointelegraph)
PPP Prediction Market Tool monitoring shows that Polymarket odds for "Next Fable model to be released by October 24" have risen to 65%, up 13% in 24 hours.If Anthropic releases a Fable 5.2 or higher version model to the public between market creation and the specified deadline (Eastern Time), it resolves as "Yes"; otherwise, it resolves as "No."The model name or identifier must contain "Fable" and the version must be no lower than 5.2, including next-generation versions such as Fable 6. Public beta or open-registration waitlists qualify; closed beta and private access do not count. If a version name appears only on the official website but the model is not actually made available, it also does not qualify.Resolution is primarily based on Anthropic's official announcements and official website information, with reference to consistent reporting from credible media outlets.Join the PPP Signal Push Community to stay one step ahead and seize the initiative.
Binance Futures will sequentially list USDT-margined TradFi perpetual contracts for ZCSHUSDT, MSTUUSDT, SNPSUSDT, and RDWUSDT starting at 17:00 (UTC+8) on October 12, offering up to 20x leverage. The underlying assets for these contracts are The Zcash ETF Shares (ZCSH), T-Rex 2X Long MSTR Daily Target ETF (MSTU), Synopsys (SNPS), and Redwire (RDW). All support 24/7 trading, and funding rates are settled every 8 hours.
According to the 21st Century Business Herald, the Chaoyang Branch of the Beijing Public Security Bureau announced that it has recently filed a case to investigate Yixin-related companies for suspected illegal and criminal activities. Currently, several suspects, including the actual controllers surnamed Tang and Zhao, have been subjected to criminal compulsory measures in accordance with the law. The report indicates that Yixin Group had previously fully suspended payouts on its quasi-fixed income products on May 22, and issued an apology letter to relevant investors on October 11. Yixin stated that the group has incurred significant losses across multiple business lines, and the market disposal value of its assets is relatively low. Initial findings suggest that the group may be facing insolvency and a substantial debt repayment shortfall.
OneKey founder Yishi posted on X platform that in response to recent incidents where Ledger hardware wallets purchased by some users through CryptoBilis were found to have unauthorized hardware implanted, leading to asset theft, OneKey has not yet received any reports of its own users experiencing asset theft as a result. However, out of security concerns, OneKey has terminated CryptoBilis's authorized dealer status.OneKey also announced that it will immediately stop accepting new dealers and will re-conduct qualification reviews for all existing authorized dealers. Additionally, for users who purchased OneKey hardware wallets through CryptoBilis between March 1, 2026 and the date of this statement, regardless of device model or usage status, they may apply for a free replacement. The application deadline is December 31, 2026.Furthermore, Yishi advised users who have already used the affected devices to treat their original seed phrases as potentially compromised and to transfer their assets to wallets using new seed phrases as soon as possible, without waiting for replacement devices to arrive.
Odaily News: The Finance Committee of the French National Assembly has passed amendment No. I-CF821, which would require holders of self-custodied crypto assets valued at or above €100,000 (approximately $112,000) to declare their holdings.The declared value is based on December 31 of each year, and those who fail to declare as required may face fines of up to €10,000. The proposal was put forward by Charles de Courson, Jean-Pierre Bataille, and Michel Castellani, aiming to combat tax evasion.The amendment still needs to be resubmitted and approved when the National Assembly reviews the revenue portion of the budget before it can be incorporated into French law. After the Finance Committee passed the relevant amendment, it rejected the revenue portion of the 2027 budget by a vote of 31 to 3, and lawmakers are expected to begin debate on Tuesday starting from the government's original draft. (Cointelegraph)
According to an official announcement, Upbit will list the RSR/KRW and RSR/USDT trading pairs.
Odaily Report: On October 12, during the in-depth dialogue session at the opening ceremony of the 26th China International Industry Fair, Wang Xingxing, founder of Unitree Technology, shared that the recent release of GPT-6 had a significant impact on the embodied intelligence industry's perception, and his company's team also deployed it to robots for task testing, with fairly good results. In his view, the arrival of the critical turning point for the embodied intelligence industry will still be relatively quick—possibly even within one to two years.Wang Xingxing stated that to achieve large-scale application of robots, the issues of generalization and efficiency still need to be addressed, but these problems will be resolved in the coming years. He also mentioned, "Now my personal belief in AI is actually growing by the day. The biggest mistake I made over the past decade or so was not trusting AI enough. Even now, many people may not have fully used or embraced AI." (Yicai)
Based co-founder Edison has issued an update regarding the recent crypto card data breach. Edison stated that the compliance and operations teams are reaching out to affected users, have notified relevant authorities such as the Personal Data Protection Commission (PDPC), and formally filed a police report. They are currently working closely with law enforcement, and the crypto card business continues to operate normally.
According to official announcements, Bithumb will list the ZEST/KRW trading pair.
According to The Block, the Sui Foundation is investing $30 million into the AI data training protocol DATA Network, becoming one of its largest institutional holders. Under the strategic partnership reached between the two parties, DATA Network will be upgraded to a native protocol on the Sui chain and integrated with the on-chain data storage platform Walrus, while its original independent blockchain will be deactivated.
Odaily reports: Coinbase CEO Brian Armstrong posted on X that after fine-tuning the open-weight model Qwen3.5-9B using Coinbase's internal proprietary data, the model surpassed frontier large models in the specific task of fraud prevention, while significantly reducing costs and running faster.Armstrong believes that in the future, enterprises will increasingly adopt the approach of fine-tuning specialized models for specific tasks, and specialized models are expected to surpass general-purpose frontier models in certain niche tasks. Currently, Coinbase has integrated a model fine-tuning Skill into its internal AI tool framework, allowing employees to initiate the model fine-tuning and deployment process through simple instructions. He also predicts that in the future, some backend services may be completely replaced by this new architecture.
According to official statements, hardware wallet manufacturer Ledger has released a 72-hour update regarding the security incident involving Southeast Asian distributor CryptoBilis. Ledger stated that it is currently cooperating with relevant law enforcement agencies, noting that the number of affected devices is limited and that its internal systems and official direct sales channels remain unaffected. To date, all confirmed cases linked to the disclosed fund theft incidents involve devices sold through distributor CryptoBilis; CryptoBilis has confirmed that it has ceased sales of all hardware wallets.
Odaily News: The XRP Ledger Foundation posted on the X platform to clarify the recent XRP Ledger security vulnerability incident, stating that the vulnerability could potentially have been used to bypass the limit that fixes XRP's total supply at 100 billion, but it was fixed two weeks ago via version 3.4.1. Furthermore, upon verification, no new XRP was found to have been created, and the total amount of XRP currently circulating on the ledger is approximately 99.986 billion.The Foundation stated that the vulnerability would have required hundreds of deliberately constructed operations to trigger, and normal payment transactions would almost never involve it. In the future, it will strengthen formal verification, AI adversarial testing, security research collaboration, and bug bounty programs with RippleX and the community. Regarding the fix process, the Foundation explained that publicly releasing a patch could allow attackers to use AI to accelerate vulnerability analysis. To address this situation, the XRPL community engaged in coordination. Participating parties including the XRP Ledger Foundation, RippleX, core developers, and validators reached a social consensus and agreed to adopt the approach of directly releasing the fix. In addition, version 3.4.1 only became a version the network was required to adopt after going through the normal amendment voting process and receiving support from more than 80% of validators for two consecutive weeks. Protocol changes still need to be completed through the amendment mechanism.Previously, RippleX engineering lead J. Ayo Akinyele also posted on the X platform, stating that he attaches great importance to the recently disclosed critical vulnerability in the XRP Ledger (XRPL) payment engine. This vulnerability is a serious security issue that has existed in the codebase for more than 10 years and could theoretically lead to the over-creation of XRP, breaking through the fixed supply cap. However, before the vulnerability could be exploited, it was discovered by the security research firm Veria AI through Ripple's bug bounty program.
According to Odaily, billionaire Adam Weitsman posted on X platform that he purchased 117 Pudgy Penguins NFTs on-chain this weekend. Adam Weitsman stated that Pudgy Penguins is one of his favorite NFT collections, and he hopes this purchase will support the project, adding that "the penguin community will continue to stay strong."
This issue's futures highlights cover a slight rise in shipping indices, the implementation of coke price cuts, and rising iron ore inventories. It also covers downward revisions to China's soybean production, detailed regulations on sugar import quotas, and Malaysia's edible oil subsidy policy.
Arthur Hayes posted on X that he received cellular medicine services through VeritaHealthHQ during Token2049 and shared the development approach of FLOP Labs. He has now returned to work, and the FLOP Testnet will go live in a few weeks.