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UK Revolut Services Down for Over 10 Hours, 23 Services Still Partially Unavailable

Bitcoin News posted on X that most of Revolut's services in the UK have still not been restored more than 10 hours after the outage began. The official status page shows that 23 services are partially unavailable, including card payments, bank transfers, ATM withdrawals, currency exchange, crypto trading, stock trading, and account access. The outage has also affected commercial banking services, merchant payments, identity verification, and authentication. Revolut said it is investigating the incident and working on a fix, but has not yet estimated when all services will be fully restored.

Hyperliquid 政策中心呼吁美 CFTC 允许推出 AI 算力永续合约和期货

Hyperliquid Policy Council(HPC)表示,已向美国商品期货交易委员会(CFTC)提交意见函,建议允许以 AI 算力为标的的衍生品进入美国市场,包括 GPU-hours 和 inference tokens,并同时发展定期期货和永续合约。HPC 指出,随着 AI 数据中心、芯片和网络设备投资快速增长,算力价格波动已成为数据中心、开发者和贷款机构需要管理的风险。其援引数据称,2026 年第一季度美国 AI 数据中心、芯片及网络设备私人投资约占 GDP 的 0.8%,而算力服务年交易规模估计达到 4300 亿至 1.3 万亿美元。

Arkham will limit free users' access to transaction records and launch an enterprise-grade crypto analysis platform.

On-chain analytics platform Arkham announced the launch of Arkham Enterprise, an enterprise-grade crypto analytics platform designed for professional investigators, compliance teams, and transaction researchers, offering features such as on-chain fund tracking, risk scoring, case management, and transaction analysis. Meanwhile, Arkham has also updated the feature access for its free platform: Tracer 2.0, transaction screening, complete transaction history, creating custom tags and entities, and the counterparty section on the browser page will now be exclusively available to enterprise users. Free users' access to transaction records for individual addresses or entities will be limited to the most recent 100 transactions, but they will still be able to use Visualizer 2.0, the block explorer, prediction markets, and Arkham tags.

Injective partners with BDACS to introduce the Korean Won stablecoin KRW1 into the RWA ecosystem.

According to The Block, Injective has signed a memorandum of understanding with Korean digital asset custodian BDACS, planning to designate its KRW stablecoin KRW1 as the exclusive KRW settlement asset for RWA and tokenized asset activities on the Injective network. Both parties aim to enable tokenized assets to be traded and settled directly in KRW on Injective without routing through USD stablecoins. The minting and redemption of KRW1 will be exclusively available to approved institutional partners and will still require regulatory approval.

Mural, founded by former Palantir engineers, raises $15 million to focus on enterprise cross-border payments.

According to Fortune, the New York startup Mural, founded by former Palantir engineers, has secured $15 million in funding. The company aims to offer businesses a unified international payments management platform, reducing the complexity of simultaneously managing banks, payment service providers, and disparate regulatory requirements during cross-border transfers.

Circle Reports $1.4B Revenue in H1, Net Profit Margin at Approximately 7%

Odaily — Stablecoin issuer Circle reported approximately $1.4 billion in revenue for the first half of 2026, of which about $819 million (59%) was paid to USDC distribution partners and for transaction costs, while another $473 million (approximately 34%) went toward licensing, banking partnerships, liquidity, compliance, and other expenses.Circle's net profit for the first half accounted for approximately 7% of revenue. Circle stated that the company holds more than 55 licenses and registrations, has partnerships with over 25 banks, and has deployed native USDC on more than 35 blockchains.Circle Payments Network users and eligible Circle Platform customers can redeem USDC free of charge on a near-real-time basis, 24/7 year-round, with standard redemptions typically completed within two business days. Circle minted and redeemed over $315 billion in USDC during the first half.USDC on-chain transaction volume exceeded $36 trillion in the first half of 2026, accounting for approximately 77% of global stablecoin transaction volume in June; minting and redemption volume reached $170 billion in the second quarter, up 105% year-over-year. (Bitcoin.com News)

Switzerland's First Retail-Focused Bitcoin Spot ETF Approved by FINMA

the Swiss Financial Market Supervisory Authority (FINMA) approved the country's first spot ETF that directly holds Bitcoin and is aimed at retail investors on October 20. The product falls under the "other alternative investment funds" category and provides investors with regulated Bitcoin exposure.FINMA exempted the fund from the usual diversification requirements, while requiring enhanced custody, disclosure, and investor suitability assessments, and warning of Bitcoin price volatility and the potential risk of significant losses. The issuer, manager, ticker, and listing date have not yet been announced. (Bitcoin.com News)

Former Sequoia Capital executive Jeff Wang’s tech hedge fund, Augnition Global Investors, has raised $1 billion.

As reported by Bloomberg, tech hedge fund Augnition Global Investors, founded by Jeff Wang, former head of global equities at Sequoia Capital, announced it has raised over $1 billion. According to disclosed regulatory filings, the fund launched with at least $570 million in capital, approximately 45% of which was internal capital.

UK banks received over 10,000 complaints about crypto transfer restrictions, with Lloyds and Barclays topping the list

Odaily reports: UK crypto advocacy group Stand With Crypto stated that within 90 days from May to August 2026, a total of 9,803 individuals submitted 10,092 complaints about restricted transfers to crypto platforms through its online tool to UK banks. The UK is preparing to introduce a digital asset regulatory framework in 2027.The report shows that Lloyds Banking Group received the most complaints, totaling 2,297; Barclays and NatWest Group received 1,569 and 1,278 respectively. Barclays and HSBC UK were listed as imposing a per-transaction limit of £2,500 and a 30-day cumulative limit of £10,000.Six banks, including Starling Bank, TSB, and Chase UK, were listed as imposing a full ban on crypto-related transfers. Nick Jones, founder and CEO of digital asset company Zumo, said that the UK Financial Conduct Authority (FCA) plans to implement mandatory approval in October 2027, but corporate bank account access is not covered by that framework. (Cointelegraph)

Kazakhstan Court Bans Six Platforms Including Coinbase and BingX from Providing Unauthorized Digital Asset Services

The Astana International Financial Centre (AIFC) Court in Kazakhstan has issued an injunction against cryptocurrency platforms offering digital asset services without authorization, prohibiting Coinbase, BingX, Huobi Global (HTX), BitMart, Bitcoin.com, and WEEX from operating within its jurisdiction, and extending the restrictions to block access to their apps on Google and Apple app stores.

Swiss Financial Market Supervisory Authority Approves First Bitcoin ETF for Individual Investors

The Swiss Financial Market Supervisory Authority (FINMA) stated that it has approved for the first time an exchange-traded fund (ETF) aimed at individual investors that enables direct investment in Bitcoin. Under Swiss law, the product is classified as an "Other Alternative Investment Fund" with specific risks. Other fund management firms have already submitted applications or announced plans to apply for Bitcoin ETFs.

Bitget to Acquire Thai Licensed Exchange, Accelerating Southeast Asia Localization Strategy

Odaily reports: According to Bitget's official announcement, the platform has announced the acquisition of Bangkok-based digital asset exchange and broker GMO-Z.com Cryptonomics (Thailand) Co., Ltd. The acquisition involves all shares of the target company held by shareholders including GMO Internet and its related subsidiaries.GMO-Z.com Cryptonomics (Thailand) holds a Thai digital asset exchange and brokerage license. The acquisition will leverage its existing compliance foundation and local market experience to strengthen Bitget's localized operations in Thailand and further enhance its strategic layout in the Southeast Asian market.Bitget CEO Gracy Chen stated that Thailand is an important digital asset market in Southeast Asia, and this acquisition will help Bitget establish a localized operational system, gradually expanding the application of its global trading services in the Thai market while complying with local regulatory requirements.

微软扩展 Sovereign Cloud,强化本地 AI、数据控制与断网运行能力

微软表示,将进一步扩展 Microsoft Sovereign Cloud,以增强政府、关键基础设施及受监管行业对数据、AI、系统访问和关键业务连续性的控制。其整体架构包括 Sovereign Public Cloud、Sovereign Private Cloud 和 Sovereign Partner Ecosystem,允许不同工作负载采用不同级别的主权控制。

Hyperliquid Policy Center Submits Five Revision Suggestions on SEC's Cryptocurrency Regulation Proposal

According to a comment letter submitted by the Hyperliquid Policy Center (HPC) to the U.S. Securities and Exchange Commission (SEC) on October 19, the HPC generally supports the SEC's proposed Crypto Asset Regulation (File No. S7-2026-27) and urges its prompt adoption. The proposal includes a $5 million startup exemption (four-year term), a $75 million fundraising exemption (per 12 months), a safe harbor for investment contracts, and state-level advance applicability provisions for "qualified purchasers." The HPC also puts forward five recommendations: 1. Airdrops: Incorporate airdrop analysis into the final rule text and use "clear and specific consideration" as the criterion for determining a "monetary investment"; 2. Secondary Markets: Clarify the status of secondary market trading and intermediaries, enabling assets issued under exemptions to trade immediately outside the registration framework, and recommend exempting relevant trades and platform determinations under Section 36 of the Exchange Act; 3. Safe Harbor: Its use should not be construed as an admission that an investment contract or issuer status exists, and protections should extend through the period during which key management tasks are being performed; 4. Buybacks: Incorporate the SEC Division of Corporate Financing's recent buyback guidance into the rules, standardize the "central party" concept, and distinguish between programmatic buybacks and discretionary buybacks; 5. Federal Advance Applicability: Issuers meeting safe harbor conditions may opt out of reporting obligations or adopt a simplified annual certification to avoid state regulatory intervention. The HPC stated that without the aforementioned adjustments, the actual

Hyperliquid Policy Center Calls on SEC to Exclude Airdrops from Securities Definition

Hyperliquid News posted on X that the Hyperliquid Policy Center is calling on the U.S. Securities and Exchange Commission (SEC) to exclude airdrops from the definition of securities.Its specific arguments include: codifying into rule the position the SEC proposed in March 2026 that free airdrops do not constitute a "money investment" and therefore are not investment contracts; extending this rule to announced airdrops, including periodic or recurring distributions, provided that the network is already operational, eligibility is based on usage or contribution (trading, validating, providing liquidity, governance), and the airdrop is not a means of fundraising. The Hyperliquid Policy Center holds that investment requires tangible and identifiable consideration, and that airdrops are rewards rather than investments; claim processes such as connecting a wallet, signing, paying gas fees, completing KYC/AML, or accepting terms of service should not be deemed consideration. Additionally, the rule should apply retroactively to past airdrops or cover Hyperliquid's native airdrop.

UAE crypto ad placements will require regulatory permission, Google updates policy starting October 21

Odaily reports: Google will update its financial services and products policy. Starting October 21, advertisers promoting crypto trading platforms, crypto wallets, CFDs, and forex services to the UAE must obtain a license from one of CMA, DFSA, FSRA, or VARA and complete Google certification, while also complying with other local legal requirements. This policy applies to all relevant advertising accounts globally. In case of violations, Google will first issue a warning and may only suspend the account after at least 7 days.

The U.S. Blockchain Association supports the Treasury Department's GENIUS Act implementation rules, calls for clarity on stablecoin issuance and sales regulatory requirements

Odaily reports: The Blockchain Association has submitted comments on the U.S. Treasury Department's proposed implementation rules for Section 3 of the GENIUS Act. This provision primarily governs the eligibility of entities issuing and selling payment stablecoins within the United States.The Blockchain Association stated that it supports the core regulatory framework proposed by the Treasury Department in principle, but calls for further clarification of the definition of digital asset service providers, the criteria for determining "knowing participation" conduct, and the compliance requirements for foreign stablecoin issuers, in order to reduce uncertainty during the rule implementation process. (The Block)

Polish police bust transnational money laundering ring, involving over 337 million zlotys

According to an October 19 report on the official website of the Polish Border Guard (Straż Graniczna), a joint operation involving the Warmian-Masurian Border Detachment of the Polish Border Guard, the Central Bureau of Investigation into Cybercrime (CBZC) in Łódź, and the Gdańsk unit of the Internal Security Agency (ABW) dismantled a transnational money laundering network and arrested nine suspects in Warsaw. The group comprises eight Ukrainian nationals (including three women) and one Belarusian woman. The case is being investigated under the supervision of the Łódź Regional Prosecutor's Office. Investigations revealed that the gang operated across Warsaw, Lublin, Wrocław, Katowice, and Gdańsk. They laundered proceeds from criminal activities such as investment platform frauds and cryptocurrency investment scams. The organization maintained clear operational divisions, with command led by a 34-year-old Ukrainian national who directed cash intake and the routing of funds both domestically and internationally. The syndicate transferred illicit funds through currency exchange points and fictitious gold purchase transactions, handling aggregate transaction values exceeding 337 million zloty. Police conducted searches at residences, office premises, and exchange booths, seizing over 1 million zloty worth of gold and cash, as well as electronic devices including computers and mobile phones. The court has ordered three-month provisional detention for six individuals and a two-month detention term for one person. The remaining two suspects are subject to property bail, a travel ban, and police supervision. Those involved face potential prison sentences of up to 15 years.

Ramp has applied to the U.S. Office of the Comptroller of the Currency for a trust bank charter to establish Ramp National Trust Bank.

According to Bloomberg, fintech company Ramp has filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish Ramp National Trust Bank. Ramp announced on the X platform on Monday that it had submitted the application, becoming the latest fintech startup to enter the banking sector. The report did not disclose the trust bank's specific business scope or estimated approval timeline.

The Blockchain Association has submitted comments to the U.S. Department of the Treasury regarding Section 3 of the GENIUS Act, calling for clear rules on stablecoin issuance.

The Blockchain Association posted on X, stating that it has submitted a comment letter to the U.S. Treasury (@USTreasury) regarding the proposed implementing regulations for Section 3 of the GENIUS Act. Section 3 addresses who may issue, offer, and sell payment stablecoins in the United States. The association expressed appreciation for the Treasury's implementation efforts but emphasized its hope that the final rules will remain consistent with the original intent of congressional legislation. The association put forth the following key recommendations: 1. Definition of "Digital Asset Service Provider": This definition should apply to client-facing businesses, exclude core infrastructure such as self-custody software and validator nodes, and should not encompass entities that merely trade their own assets. 2. Criminal Liability Standard: Under the proposed rules, routine market-making activities for "newly issued" stablecoins could be construed as "knowing participation" in an illegal issuance. The association recommends restricting liability to cases involving "actual knowledge" and providing "substantial assistance" in coordination with the issuer. 3. Foreign-Issued Stablecoins: The proposed rules require open-ended due diligence on foreign issuers, despite many exchanges having no business relationship with them. The association recommends allowing firms to rely on publicly available lists of registered issuers and trading restrictions already established by Congress. 4. Determination of User Location: On permissionless protocols, companies typically only see wallet addresses. The association proposes replacing the "reasonable belief" standard with "actual knowledge supplemented by information gathered in the ordinary course of business." 5. Other Recommendations: Eliminate open-ended "functional equivalence" tests regarding monetary value, reassess cost estimates, and align the effective date with the GENIUS Act