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Odaily News: Hyperliquid Labs CEO and co-founder Jeff Yan gave a rare interview, detailing the platform's operating mechanism and future plans.Hyperliquid entered the spotlight of global traders and market observers earlier this year—after the Iran war broke out, speculators used the markets built on it to trade crude oil, with the platform offering 24/7 markets on the blockchain. In August, U.S. President Trump said the CFTC is pushing to allow Hyperliquid to "enter the United States in a fully compliant and legal manner." Hyperliquid currently operates outside the United States, but that has not hindered its rapid expansion over the past year.In the interview, Jeff Yan introduced the protocol he built with his co-founder, the ecosystem of participants and assets tied to Hyperliquid (such as the platform's cryptocurrency HYPE), how perpetual contracts are bought and sold on the platform, and explained what a blockchain oracle is, as well as the conditions Hyperliquid needs to meet to conduct business in the United States. (Bloomberg)
Ledger has released an update on its investigation into the hardware wallet implant attack. According to its disclosure, an organized criminal group spent months purchasing genuine Ledger devices, disassembling them, and implanting custom hardware specifically designed to steal seed phrases, before reintroducing them to the market through distribution channels in Southeast Asia. The group also built a supporting infrastructure for seed phrase collection, asset theft, and money laundering. Ledger stated that the operation involved millions of dollars in investment.Ledger emphasized that this incident was a localized distribution channel attack, and that its chips, operating system, and servers were not compromised. The company has instructed authorized dealers and distributors in Southeast Asia and Hong Kong to suspend sales and has implemented new security rules, including prohibiting devices from being placed on shelves or display areas, and prohibiting the resale of returned devices.
Odaily News: The Seoul Southern District Court recently issued a first-instance verdict in a fraud case involving approximately $253 million in POD and ATT tokens, acquitting Park, known as Jonber Kim. The court found that the defendant did indeed make misleading claims regarding the project's actual progress, business prospects, and use of funds, but prosecutors failed to prove that any specific investors purchased tokens based on this false information, and therefore the fraud charge did not stand; the related breach of trust charge was also acquitted due to insufficient evidence.In addition, two co-defendants were sentenced to imprisonment with a suspended execution for submitting false materials during the maintenance review process for listing on Coinone. (DigitalassetWorks)
Taiwan, China has blocked the websites of Coinbase and prediction market platform Kalshi. It is reported that the New Taipei District Court has authorized Taiwan's communications regulator and internet registration authorities to restrict local users' access to the relevant platforms. Taiwan had previously blocked Polymarket, Kalshi's main competitor. (Bloomberg)
According to BBC reports, multiple X platform accounts operated by An Garda Síochána (Irish police) were hacked, including @GardaTraffic, which has 600,000 followers, and @GardaInfo, with nearly 300,000 followers. Hackers removed the accounts' original branding information and posted cryptocurrency promotional content, while also altering the account location to Amsterdam. Some posts were flagged by the platform as being associated with previously banned accounts. Irish police have been contacted for comment, and the investigation remains ongoing.
Odaily Report: Thailand's listing rules for Bitcoin and Ether exchange-traded funds (ETFs) will take effect on Friday. James Butterfill, head of research at digital asset investment firm CoinShares, said initial inflows for the first batch of products are expected to be in the tens of millions of dollars, and expectations of reaching billions are unrealistic.Once the new rules take effect, Thai retail investors will be able to gain exposure to the relevant assets through locally listed crypto ETFs; investing in overseas crypto ETFs through domestic brokers will be limited to institutional investors and ultra-high-net-worth investors. The first batch of Thai crypto funds will still need to obtain regulatory approval and complete custody and distribution arrangements before they can trade.Butterfill compared the situation to Hong Kong. As of the end of September, global crypto exchange-traded product (ETP) assets under management stood at $172.9 billion, of which Hong Kong accounted for $733 million, or 0.42%.He said some investors have already gained Bitcoin exposure through overseas funds or direct trading, which could limit demand for local ETFs. MFC Asset Management launched the Bitcoin ETF Tracker Fund (MBTCETF-UI) in 2024, which invests in BlackRock's iShares Bitcoin Trust (IBIT); ONE Asset Management became the first Thai asset management company approved for a Bitcoin ETF-linked fund in the same year. (Cointelegraph)
According to The Gulf Times, Sharjah Police successfully dismantled four interconnected transnational criminal networks, resulting in the arrest of 33 individuals and companies, marking the largest case in the department's history. The four groups had clearly defined roles: infiltrating systems to steal data, laundering funds through virtual assets, exploiting social engineering to seize digital wallets, and using violence to coerce victims into surrendering wallet passwords. Investigators pinpointed targets based on the suspects' lavish lifestyles (luxury cars, luxury watches, and jewelry) and secured a breakthrough through a young suspect possessing advanced digital skills. Following an examination of hundreds of pieces of digital evidence, authorities carried out targeted operations.
According to CTV News, Toronto police announced the arrest of seven suspects, three of whom are members of the Canadian Armed Forces (CAF), in connection with a violent abduction on July 25 near Finch and Bayview Avenue. The victim was forcibly handcuffed and assaulted, while suspects attempted to extort cryptocurrency assets and commercial security system access credentials. Police have laid a total of 82 criminal charges, including extortion and kidnapping, illegal possession of firearms, and drug trafficking. Searches yielded 3D-printed firearms, GPS tracking devices, large quantities of methamphetamine and cocaine, and approximately 2,500 rounds of ammunition suspected to have been stolen from the military. The implicated service members, Fernando (22) and Moreau (29), both reserve artillery personnel with the 7th Toronto Battalion, have been suspended from military duty. The Department of National Defence stated that military police are cooperating with the investigation and will strengthen ammunition management and tracking protocols.
According to Bloomberg, Hyperliquid founder Jeff Yan stated during an interview with the Bloomberg Odd Lots podcast that U.S. regulatory obligations for cryptocurrency trading platforms should fall on financial institutions operating markets on the Hyperliquid blockchain, rather than on the blockchain network itself. This strategy aims to facilitate the platform's expansion into Wall Street while sidestepping the comprehensive compliance burdens of traditional exchanges. Currently, U.S. regulators are discussing how to incorporate offshore cryptocurrency trading platforms into the domestic financial regulatory framework.
According to Cointelegraph, South Korea's Financial Services Commission (FSC) plans to implement stricter cybersecurity requirements for financial institutions and cryptocurrency exchanges. A prior industry review revealed that out of 555 financial institutions, 130 had cybersecurity vulnerabilities, resulting in the exposure of approximately 100,000 customer personal information records. The affected institutions include Streami, the operator of Gopax, and crypto exchange Prabang, which disclosed that it was hacked on October 2, leading to a customer data breach.
South Korea's Financial Services Commission (FSC) has announced plans to enhance threat monitoring, increase the frequency of security assessments, and strengthen executive accountability. An industry review revealed that 130 out of 555 financial companies have cybersecurity deficiencies, involving 16 prior security incidents.The FSC stated that the affected institutions had approximately 100,000 customer records exposed in total, including names, contact information, and ID numbers. Affected institutions include Streami, the operator of Gopax, and cryptocurrency trading platform Prabang, which previously disclosed that a hack on October 2 resulted in the leak of some customers' personal information.Under the proposed reforms, large financial institutions would undergo vulnerability assessments at least twice a year, and regulators also plan to strengthen information sharing and consider using AI to monitor the security posture of smaller companies. In the event of urgent threats, regulators may also conduct additional inspections beyond routine assessments. Authorities are still investigating whether the incidents involved AI or were carried out by the same attacker. (Cointelegraph)
— The Australian Securities and Investments Commission (ASIC) has launched public consultation on proposed capital, custody and trading requirements for crypto platforms, with the rules aimed at complementing digital asset legislation passed in April to expand oversight of the industry.The proposals include three capital models, restrictions on platforms conducting proprietary trading, and quarterly reporting of wallets holding client assets. ASIC also proposes allowing offshore custody and is seeking feedback on safeguards in the event that an overseas parent company or affiliate fails.One of the models would require platforms that do not adopt qualifying third-party custody arrangements to hold at least A$14 million (about US$9.7 million) in net tangible assets, or 10% of average revenue, whichever is higher. Feedback is due by November 27, and ASIC plans to publish final standards and guidance in March 2027.The related law will take effect on April 8, 2027, and operators must apply for a license by October 7 of the same year, while being allowed to continue operating during ASIC's review of their applications. (Cointelegraph)
Odaily News: Analyst Murphy posted on X platform stating that as of October 15, 2026, Bitcoin had pulled back to around $81,000 three times on October 9, 12, and 15, repeatedly testing the same support zone. The latest decline was compounded by factors including higher-than-expected U.S. inflation, rising market concerns over further monetary tightening by the Federal Reserve, and weakening U.S. equities, putting overall pressure on risk assets.Murphy noted that based on on-chain entity-adjusted realized loss data, the loss magnitude corresponding to the three dips shows a declining pattern: October 12 was less than October 9, and although October 15 saw a slight expansion compared to October 12, it remained below October 9. October 9 appeared to be a peak where short-term price-sensitive holdings exited in concentrated fashion; during the second retest, the market was largely in a wait-and-see mode with weak selling intent; the third decline, under the influence of macro headwinds, once again forced some weak hands to stop out. Therefore, the current market is closer to a gradual flushing out of weak hands rather than full-blown panic selling. If the loss ratio of short-term holders remains at approximately 31%, below the historical cumulative average of 42.7%, it indicates that the flushing out of holdings may not yet be complete, and further volatility and selling pressure could still emerge.Going forward, the key is to observe whether the scale of realized losses continues to converge: if prices remain near the current support zone and loss realization gradually diminishes, it would suggest that passive selling is decreasing and the interim correction may be nearing its end; if the scale of losses expands significantly again, it would indicate that the market still needs to undergo a more thorough turnover of holdings.
According to a Wall Street Journal investigation, during his push for the GENIUS Act, the consulting firm Nxum, which he co-founded and holds equity in, established a commercial relationship with Tether. Citing internal documents, communications, and payment records, the newspaper reported that Tether paid over $6 million to Nxum, which was distributed among three partners.
According to on-chain investigator vxdb, the Gamdom platform was targeted in a security attack. Preliminary data indicates that attackers stole approximately $2.2 million worth of assets across EVM-compatible chains, including Ethereum, BSC, Polygon, Arbitrum, and Optimism. Additionally, the Solana network suffered losses of around $965,000, while the TRON and Bitcoin networks each lost approximately $375,000 and $668,000, respectively. The total value stolen across all chains now exceeds $4.2 million.
According to Cointelegraph, the U.S. Office of the Comptroller of the Currency (OCC) has released a report on debanking, noting that some banks maintain "public and non-public policies" that restrict financial services for industries such as digital assets, oil and natural gas, tobacco, and firearms. The report states that many financial institutions typically impose restrictions on digital asset-related businesses due to concerns over financial crime risks, affecting issuers, exchanges, and administrators.
According to Bloomberg, Apple is preparing to launch its artificial intelligence platform, Apple Intelligence, in mainland China. Sources familiar with the matter said Apple plans to officially roll out the service in the iOS 27.3 update released in December. Previously, related AI features failed to launch in this key market due to regulatory delays. The current rollout includes the first batch of AI features made available to users on iPhones, iPads, and Macs in the U.S. two years ago.
The United States has proposed to European nations that some Russian sovereign assets be unfrozen and transferred to regulators in Washington, with the aim of restarting peace talks between Russia and Ukraine. Reports indicate the proposal was rejected by European representatives, leaving Europe and Kyiv shocked.
Bitcoin News posted on X that Mark Karpeles has launched a webpage to document reported cases of Ledger hardware implants, compiling cases he has reviewed and verified through public reports and images shared on X. The database also allows users to submit new cases to track the potential scope of the ongoing Ledger supply chain security incidents.
Odaily News: The U.S. Office of the Comptroller of the Currency (OCC) has released a report on "debanking," stating that some banks have used public and non-public policies to restrict financial services for multiple industries, including crude oil, natural gas, tobacco, firearms, and digital assets. The report notes that some institutions restricted digital asset businesses, including issuers, exchanges, and managers, often citing financial crime concerns as the reason.The OCC stated that the report was prepared in accordance with an executive order signed by Donald Trump in August 2025, which aims to prevent what it calls "illegal debanking." The report reviewed 9 major banks but did not list specific cases related to digital asset businesses, nor did it comprehensively quantify the scope of debanking or related allegations.OCC head Jonathan Gould said that some debanking decisions related to coal and firearms were not based on financial risk, with banks citing reputational risks from negative news, public protests, and support for related industries. In November 2024, more than 30 tech and crypto industry executives said they were unable to access banking services. (Cointelegraph)