News linked to both this project and an event.
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.
According to The Block, Mastercard announced at Money20/20 USA the launch of its stablecoin risk intelligence service, Stablecoin Security. The service helps financial institutions assess stablecoin payment risks before funds are moved on-chain. The system traces fund origins, screens for potential links to fraud, scams, sanctions violations, and other financial crimes, and generates a risk score based on transaction context. Banks can integrate the scoring into their existing risk management and compliance systems via API. Borderless.xyz and Keyrails serve as the launch partners. The service will initially roll out in North America, with global commercial deployment expected in 2027. Citing research from the Bank for International Settlements (BIS), Mastercard noted that transactions on Ethereum in 2025 encompassed 593 million stablecoin transfer events across 141 million transactions, with nearly 60% occurring within complex multi-step processes rather than simple one-to-one payments.
A working paper from the Bank for International Settlements (BIS), based on weekly U.S. data from January 2019 to June 2025, found that when bank deposit rates rise, the growth rate of the stablecoin market slows. The paper's authors include BIS economist Iñaki Aldasoro and Rashad Ahmed of the Andersen Institute for Finance and Economics.In the sample, stablecoin market capitalization grew by about 15% over a typical 10-week period. Baseline estimates show that after a one-basis-point increase in deposit rates, that growth rate falls to about 12%; an alternative method used to identify causality shows the growth rate falling to about 6%, though the stablecoin market still continued to grow.The correlation is stronger for Circle-issued USDC than for Tether-issued USDT, which the authors attribute to USDC's closer ties to U.S. users. The paper notes that banks can influence the pace of stablecoin adoption through deposit pricing, and recommends that regulators assess whether stablecoin issuers should be allowed to pay yield to holders and whether issuers should be required to hold a portion of their reserves in bank deposits.The working paper represents only the views of the authors and does not necessarily reflect the position of the BIS; the sample covers a single high-interest-rate cycle, during which stablecoins paid no interest to holders. The U.S. Treasury, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) are drafting implementation rules for the GENIUS Act, which takes effect next January and sets out rules for the issuance, use, and custody of stablecoins. (Decrypt)
market analysts are divided on whether Bitcoin can return to $100,000 before the end of 2026.Ryan Rasmussen, Head of Research at crypto asset management firm Bitwise, believes that factors such as institutional demand through ETFs and corporate Bitcoin purchases, concerns over inflation and government debt, and an improving regulatory environment are expected to push Bitcoin to higher levels by year-end, potentially even breaking through $100,000.Adam Morgan McCarthy, Head of Research at London-based crypto trading and market data firm LO:TECH, expects Bitcoin to trade mainly in the $85,000 to $95,000 range through year-end. He noted that inflation pressures and the possibility of further rate hikes by the Federal Reserve will continue to weigh on Bitcoin's performance. U.S. consumer prices rose 0.6% month-over-month in September, with core CPI up 0.3% month-over-month, complicating the outlook for monetary policy.Luca Invernizzi, Senior Derivatives Trader at Nomura's crypto unit Laser Digital, said Bitcoin will remain primarily driven by macroeconomic factors and U.S. long-term Treasury yields in the near term. However, market leverage has been largely flushed out, and if Bitcoin effectively breaks above $90,000, it could trigger a new round of short-covering. James Butterfill, Head of Research at CoinShares, also believes that the contradiction between inflation and a weakening job market will influence the Fed's subsequent policy decisions and Bitcoin's trajectory. (CoinDesk)
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)
According to Hong Kong media outlet HK01, Hong Kong-based "BBB Group (Chinese name: Hao Hao Hao Group)" claims to have invested in Malaysia's agarwood industry and sells OTC stocks and digital assets in what appears to be a scam. The company stated it will convert its OTC stocks into "digital asset" cryptocurrencies by February 2027 or earlier. The Hong Kong police have received reports from 21 individuals concerning the investment project, involving funds of 14 million yuan. The Commercial Crime Bureau is investigating on suspicion of "conspiracy to defraud," and has launched an arrest operation, with four people arrested so far. Meanwhile, according to the official website of Hong Kong's Securities and Futures Commission, the "Malaysian Agarwood Plantation Investment / Agarwood Tree Plan / Agarwood Potted Trees / APT4.0" has been listed as a suspicious investment product.
Coinbase Assets announced that, based on a recent asset review, Coinbase will suspend trading of Neon EVM (NEON) and Syndicate (SYND) at around 3:00 AM Beijing Time on November 17, 2026.
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)
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.
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.
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)
crypto journalist Eleanor Terrett posted on X platform, noting that a review by the U.S. Office of the Comptroller of the Currency (OCC) found that the nine largest national banks in the United States all employ reputation risk policies to varying degrees, allowing political factors, public opinion, and social pressure to potentially influence which customers banks decide can access financial services.Terrett cited OCC Comptroller Jonathan Gould's remarks at a press conference, stating that coal and firearms industry businesses are among the groups most affected, and cryptocurrency firms have also been mentioned in reports. The report calls on the U.S. Congress to take measures to prevent financial institutions from denying banking services based on political factors.
According to Bloomberg, sources familiar with the matter said that Bank of America Corp. is no longer acting as a potential underwriter for China-based artificial intelligence startup Moonshot AI's initial public offering (IPO). Previously, the bank had entered into talks to serve as the overall coordinator for its Hong Kong IPO, but negotiations ultimately failed to secure a formal mandate. This development comes as the Chinese AI firm faces strict scrutiny in the United States.
Odaily News: Venture investor Alex Lazarow wrote that over the past two years, Stripe, Mastercard, and Circle respectively acquired U.S. stablecoin infrastructure company Bridge, UK stablecoin infrastructure company BVNK, and Singapore-based cross-border payment platform Tazapay, with the three deals totaling over $3 billion in value. Stripe announced in 2024 that it would acquire Bridge for slightly more than $1 billion; Mastercard's acquisition of BVNK was valued at up to $1.8 billion, including $1.5 billion in base consideration and $300 million in contingent consideration; Circle agreed to acquire Tazapay for $400 million in stock, with the deal expected to close in 2027. Bridge, BVNK, and Tazapay were founded between 2020 and 2022 and had raised approximately $200 million in cumulative funding. Growing stablecoin adoption, an increasingly clear regulatory framework, and rising demand for real-time cross-border payments are the main factors driving the related M&A activity. In 2025, stablecoin adjusted transaction volume grew 91% year-over-year to $10.9 trillion, approaching Visa's $14.2 trillion; real-world payment volume more than doubled to approximately $390 billion.
According to PRNewswire, 3iQ’s UAE entity, 3iQ Middle East Ltd, has received in-principle approval from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) for a Class 4 license, marking a significant step toward establishing its regulated business locally. 3iQ stated that this approval is part of its strategy to expand its regulatory footprint across major global digital asset markets. Prior to this, 3iQ formed a strategic partnership with UAE-based digital asset investment manager Further and introduced the 3iQ Managed Account Platform (QMAP) to provide institutional investors with access to digital asset investments. The platform has already attracted $100 million in sovereign-related seed capital.
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 Edaily, Jeonbuk Bank, under South Korea's JB Financial Group, has launched Korea's first digital asset-linked won loan service within the banking sector. Initially available only to corporate clients, the service limits collateral to Bitcoin and restricts loan purposes to working capital, with plans to evaluate an expansion in scope in the future based on regulatory developments and market demand.
Odaily News: The French National Assembly's Finance Committee this week approved two crypto tax amendments: starting January 1, 2027, converting MiCA-regulated stablecoins will be treated as a taxable sale; and a proposed exit tax on tax households whose total crypto asset value exceeds 800,000 euros and who relocate abroad.On October 9, the committee rejected the budget revenue section by a vote of 31 to 3. The full National Assembly will deliberate based on the government's original text, and the above amendments will not be automatically included. Supporters will need to reintroduce them during debates starting October 13, with the formal vote scheduled for October 20. The related measures have not yet become law.The stablecoin amendment was proposed by left-wing GDR party member Nicolas Sansu and 16 co-signatories, and applies to electronic money tokens as defined by MiCA. The amendment does not set a new tax rate, but instead seeks to include the relevant gains under France's existing 31.4% flat tax regime.The committee also approved an amendment proposed by Daniel Labaronne, allowing investors to carry forward crypto asset losses for 10 years to offset future gains. The proposed exit tax applies to taxpayers who have been French tax residents for at least 6 of the past 10 years and whose total crypto assets, including custody assets, exceed 800,000 euros in value. (Decrypt)
Odaily News — Global investment management firm Franklin Templeton is exploring regulatory exemptions to allow tokenized money market funds and ETFs to trade through blockchain-based trading venues. On October 9, the company met with staff of the U.S. Securities and Exchange Commission (SEC) Crypto Task Force regarding legal issues including pricing, fees, and asset pools.The agenda included whether investors can exchange blockchain fund shares for tokenized National Market System (NMS) stocks through blockchain trading venues, and whether liquidity providers can charge service fees. The related issues involve pricing rules under the Investment Company Act and whether exemptions are needed.Regarding tokenized ETFs, Franklin Templeton also discussed pairing them with tokenized stocks, approved payment stablecoins, or tokenized money market funds, as well as whether liquidity pools need to obtain Investment Company regulatory exemptions. Its preliminary disclosure on September 30 listed assets under management at $1.79 trillion.Franklin Templeton's blockchain fund recordkeeping business began with the Franklin Onchain U.S. Government Money Fund launched in 2021. The BENJI token represents shares of the fund, and transferring tokens simultaneously transfers the corresponding shares, with transactions recorded and share ownership tracked by the Benji Technology Platform. (Bitcoin.com News)
Odaily News: Brazil's largest stock exchange, B3, is expected to launch a securities tokenization platform in the first half of 2027. The relevant tokenized securities will be interchangeable with traditional stocks and will share price and liquidity. The platform was originally scheduled to launch in the second half of 2026, but has now been adjusted to the first half of 2027.Humberto Costa, Director of Products and OTC Strategy at B3, stated that tokenized securities will be issued based on existing assets and will not be primarily issued on the blockchain, and trade settlement will still follow the current two-business-day settlement mechanism. Whether Brazilian Depositary Receipts and exchange-traded funds will be included in this infrastructure is still under evaluation.B3 also plans to launch its own stablecoin and will apply to the Central Bank of Brazil for authorization to conduct digital asset operations and custody business. Round-the-clock trading and instant settlement still require approval from Brazilian regulators or the establishment of a new regulatory framework. (Bitcoin.com News)