News linked to both this project and an event.
Circle has submitted a comment letter to the U.S. Securities and Exchange Commission regarding proposed crypto asset regulation rules, supporting the promotion of innovation under clear rules while maintaining transparency, investor protection, market integrity, liquidity, and efficiency. Circle recommends that the relevant rules be aligned with the GENIUS Act and requests clarification that payment stablecoins compliant with the Act may be used for on-chain capital formation and settlement, and that they constitute "cash" under proposed Rule 302(b), subject to the corresponding USD valuation, accounting, and customer reserve treatment. Circle also recommends reducing the broker-dealer haircut for payment stablecoins compliant with the GENIUS Act from 2% to zero, and requests that the SEC clarify that technical services provided after network operation do not constitute necessary administrative functions, while establishing a safe harbor rule for technology roadmaps.
Galaxy Digital released its Q3 2026 financial results, reporting a net profit of $323 million, marking a turnaround from an $85 million loss in the previous quarter. Adjusted EBITDA reached $455 million, while total assets grew sequentially by 51% to $16.4 billion. Cash, stablecoins, and U.S. Treasuries totaled $4.9 billion, nearly doubling quarter-over-quarter. In its digital asset business, trading volume increased sequentially by 12%, outperforming the broader spot market. The combined scale of asset management and staking grew sequentially by 46% to $10.4 billion, alongside a multi-year partnership with BNY Mellon to provide staking support for its digital asset custody platform. The data center business saw adjusted EBITDA rise nearly fivefold sequentially to $69 million, primarily driven by the first full operating quarter following the delivery of 133 MW of compute capacity for Phase I of Helios to CoreWeave. Phase II has broken ground with fully funded financing. The company completed a $3.5 billion issuance of senior secured bonds for this purpose, and its overall power pipeline has expanded to over 5.7 GW, with server room deliveries expected to begin in Q2 2027. Regarding capital operations, the $200 million share repurchase program launched in February was completed on October 15, with approximately 9.8 million shares cumulatively repurchased. On October 26, the Board of Directors approved a new $200 million repurchase authorization.
Ethereum Research Forum researcher Pierre proposes a faster, aggregatable, and quantum-resistant privacy pool scheme. The scheme ports a Tornado Cash-like privacy pool onto the hash-based SNARK system Flock, which may offer post-quantum security, and adopts SHA-256. It replaces large circuits with small “single-pass” compression circuits.
According to an official announcement from Binance, Binance has officially launched Covered Call and Cash-Secured Put seller options strategies as the latest expansion of its TradFi product line. The Covered Call strategy allows users holding the underlying stock to sell call options and collect premium upfront; if the option is exercised, the stock is sold at the strike price. The Cash-Secured Put strategy requires users to sell put options while freezing sufficient USDC, and if assigned, they must purchase the underlying stock at the strike price. Both strategies support limit orders only, with trading hours from 9:30 AM to 4:00 PM ET, physical settlement, and execution and custody handled by Alpaca Securities LLC. Users must complete an options suitability test and sign a disclaimer before they can start trading.
According to The Paper, the case of Qian Zhimin, involving over 40 billion yuan in illegal fund-raising and more than 60,000 bitcoins, has seen new progress in China's judicial proceedings. On October 13, the Second Intermediate People's Court of Tianjin Municipality announced that it accepted the case on September 28 concerning an application by the Second Branch of the Tianjin Municipal People's Procuratorate to confiscate the illegal proceeds of criminal suspect Qian Zhimin. The assets targeted for confiscation include 61,896.41552945 bitcoins, 72,745.79502 Bitcoin Cash, 72,745.78555 Bitcoin Gold, 72,745.7845 Bitcoin SV, 3,605,989.9995 Ripple (XRP), 70,081,208.62553222 Dogecoin, as well as cash, jewelry, financial assets, and other items.
Odaily News: On October 13, the Tianjin Second Intermediate People's Court issued an announcement stating that on September 28, the court filed and accepted a case in which the Tianjin People's Procuratorate Second Branch applied for the forfeiture of illegal gains involving criminal suspect Qian Zhimin. The case involves over 40 billion yuan in illegal fundraising and more than 61,800 bitcoins.According to the list of property subject to forfeiture published by the Tianjin Second Intermediate People's Court, the virtual currencies involved also include approximately 72,700 Bitcoin Cash, approximately 72,700 Bitcoin Gold, approximately 72,700 Bitcoin SV, approximately 3.606 million XRP, and approximately 70.0812 million Dogecoin. The aforementioned Dogecoin has been converted by UK judicial authorities and deposited into an interest-bearing account. The property subject to forfeiture also includes cash in US dollars, euros, and pounds sterling, jewelry, as well as bank balances, investment portfolios, and other assets. The Tianjin People's Procuratorate Second Branch holds that Qian Zhimin is suspected of the crime of fundraising fraud, and after fleeing and being wanted for one year has failed to appear in court. The more than 61,800 bitcoins and other property seized in the UK constitute illegal gains and their proceeds, and should be recovered in accordance with the law, with forfeiture imposed after lawful restitution to the affected fundraising participants.
Odaily News: Global automated brokerage Interactive Brokers (IBKR) has announced the launch of a crypto staking service powered by crypto infrastructure company Zerohash. Initially, eligible clients can directly stake or unstake ETH through the Client Portal. Interactive Brokers manages $964.7 billion in client assets and has previously offered trading services for Bitcoin, ETH, Litecoin, and Bitcoin Cash.Staking rewards earned by clients will be automatically added to their staked positions, allowing them to earn additional rewards. Interactive Brokers CEO Milan Galik stated that staking provides clients with the opportunity to earn rewards on the crypto assets they hold. (Bitcoin.com News)
According to the BIS Innovation Hub, Project Aurum Phase 2 has been officially released. Built upon the existing Aurum codebase, this project develops a privacy-preserving digital cash prototype aimed at helping central banks and policymakers better understand how Privacy-Enhancing Technologies (PETs) can address the dilemma between privacy protection and regulatory compliance in digital cash systems. The prototype adheres to "Privacy by Design" and "Privacy by Default" principles, striking a balance between complete anonymity and full transparency while providing customizable features to meet compliance and operational requirements. The project emphasizes that privacy protection must be embedded directly into the digital cash architecture through technical measures, rather than relying solely on institutional safeguards, thereby minimizing the unnecessary exposure of personal and transaction data and preserving system integrity. The report also indicates that relevant features can be flexibly adjusted according to varying policy orientations and risk appetites, offering a reference for central banks when formulating policies in the digital payments sector. Concurrently, BIS recommends that central banks further investigate the application potential of PETs across broader scenarios.
Odaily reports: Blockchain project Tempo has released a report stating that the U.S. Financial Accounting Standards Board (FASB) is proposing to adjust stablecoin accounting rules, allowing qualifying tokens to be classified as cash equivalents on corporate balance sheets, potentially reducing accounting barriers to corporate stablecoin adoption.Under current accounting practices, stablecoins—even when fully backed by U.S. dollars—may not qualify for inclusion in a company's reported cash reserves, thereby affecting liquidity ratios and loan covenants. The proposed rules would allow companies to use stablecoins for payments and settlements, but would require them to have direct redemption rights against the issuer.Purchasing USDC through an exchange may not necessarily qualify for cash equivalent recognition. In its 2025 annual report, Coinbase classified USDC and other payment-type stablecoins as cash equivalents, based on its redemption arrangement with Circle.The public comment period for the FASB's proposed rules will run until November 19, after which the board will review feedback and determine the final accounting changes and effective date. The proposal comes as the market size of USD stablecoins has surpassed $300 billion. (Cointelegraph)
Odaily report: New financial platform Bybit today announced the official launch of Stocks, allowing eligible users to trade over 1,000 U.S.-listed stocks and ETFs through Bybit, covering a wide range of popular U.S. equities and ETF tickers.Following the launch of Stocks, Bybit users who have completed KYC verification and are located in permitted regions can directly buy and sell supported U.S. stocks and ETFs using USDC. Unlike price derivatives or synthetic instruments, Stocks gives Bybit users access to the economic rights of a broader range of securities.Key features currently available on Stocks include:- Over 1,000 U.S. stocks and ETFs, with fractional share trading supported for eligible securities- Trading with USDC, funded directly from your Bybit account- Corporate action support, including cash dividends, stock dividends, and stock splits- 24/5 trading, covering U.S. pre-market, regular, and after-hours sessions (subject to product availability)- Zero commission on eligible stock tradesEligible users holding positions can receive the corresponding economic rights. Cash dividends will be converted from USD to USDC and deposited into the Unified Trading Account (UTA), while stock dividends will be directly reflected in users' holdings. Voting rights are planned for a later phase.Orders are routed through Bybit's regulated brokerage infrastructure and executed by U.S. self-clearing broker Alpaca, with underlying securities custodied by Alpaca. In addition to crypto spot and derivatives trading, Bybit also connects to traditional market opportunities through the MT5 platform, tokenized stocks, and TradFi perpetual contracts, and the launch of Bybit Stocks further completes Bybit's multi-asset platform layout.Bybit Stocks is offered by Infra Capital Limited (introducing broker), which is regulated by the Mauritius Financial Services Commission (GB23202169). Clearing and settlement services for U.S. securities are provided by Alpaca Securities LLC (FINRA/SIPC member). Specific terms and conditions for this product are available on the official website. Investment products carry the risk of principal loss, and users should read the Risk Disclosure Statement before investing.
Odaily News: Bitcoin News posted on X platform that Strike has launched the Stacks Bitcoin savings envelope system, allowing users to divide their holdings into up to 5 custom-named buckets, each of which supports fee-free recurring buys. Transfers between Stacks and the main balance are fee-free and unlimited in number, but funds must first be transferred back to the main balance before withdrawal. On the same day, Strike added 3.6% interest on USD cash balances, with interest paid in Bitcoin, and the relevant assets are still held in Strike's multisig cold storage.
Odaily News: Bitcoin News posted on X platform that U.S. federal prosecutors informed Judge Katherine Polk Failla that the U.S. Court of Appeals for the D.C. Circuit upheld the conviction of Bitcoin Fog founder Roman Sterlingov on September 25, supporting the trial of Tornado Cash defendant Roman Storm in New York. The appellate court determined that Washington, D.C. has trial jurisdiction, reasoning that law enforcement officers had deposited approximately $250 worth of Bitcoin into Bitcoin Fog from Washington, D.C. Prosecutors argued that since user Shakeeb Ahmed accessed Tornado Cash from his apartment in Manhattan, the same logic applies. Roman Storm released this letter and noted that FinCEN withdrew its 2023 mixer reporting requirement on the same day, citing concerns that the proposal could suppress legitimate activity.
Odaily reports: Bitcoin News posted on X platform that Lightspark has released a dotMoney prototype, allowing users to send test funds by sharing links, .money files, or directly between nearby iPhones. The files can be sent via AirDrop, messaging apps, or stored on a USB drive; the underlying funds are transferred between wallets via Spark. Each file can only be claimed once, and copying or forwarding will not generate duplicate funds. The sender can also cancel unclaimed payments. Currently, the prototype uses test funds with no monetary value, and Lightspark is also testing bank, Cash App, and Lightning withdrawal functionality through Grid.
Odaily reports: The U.S. Department of Justice (DOJ), in a filing submitted on Monday, cited the appellate ruling in the case of Roman Sterlingov, the operator of cryptocurrency mixer Bitcoin Fog, as supplementary grounds for opposing Tornado Cash developer Roman Storm's acquittal motion.U.S. prosecutors stated that the ruling supports their position that the Southern District of New York is the proper venue for the trial. Prosecutors argued that Shakeeb Ahmed used Tornado Cash in a Manhattan apartment, and that this activity is sufficient to establish venue for the money laundering and unlicensed money transmission conspiracy charges against Roman Storm.Judge Katherine Polk Failla heard arguments on Roman Storm's acquittal motion in April 2026 but has not yet issued a ruling. A jury in August 2025 convicted him of conspiracy to operate an unlicensed money transmitting business, but failed to reach a unanimous verdict on the money laundering and sanctions conspiracy charges, with a retrial tentatively scheduled for April 26, 2027. (Cointelegraph)
a new address funded via Tornado Cash extracted 200 WETH on October 6 from a dormant MakerDAO ETH-A liquidation bot proxy, causing losses of approximately $538,000. The upgradeable proxy had won 4 ETH-A liquidation auctions in 2020, namely auctions #1457 through #1460, earning 50 WETH each, but never called deal(), leaving the collateral stuck in the Flipper. The implementation contract's exit function was not protected by ds-auth, allowing any caller to trigger it: first calling deal() on the aforementioned old auctions, then transferring the collateral to the keeper via Vat.flux, and subsequently calling GemJoin.exit to send the 200 WETH to a caller-specified address and unwrap it into ETH. The MakerDAO core contracts operated as designed; the vulnerability lies in the third-party bot's exit function lacking access controls.
Odaily News: Payment company Block announced on September 24 that it has integrated the Bitcoin Lightning Network into the x402 payment standard. The x402 protocol can complete verification and unlock data through Lightning Network invoices and payment preimages after a server returns an HTTP 402 payment request.Steve Lee, head of Spiral, Block's open-source Bitcoin research and development division, stated that the integration targets instant, low-cost micropayment use cases. Block has not yet disclosed a timeline for bringing the standard to Cash App, Square, or Bitkey, and the related Python implementation still needs to be tested on real nodes. (Bitcoin.com News)
The Zcash Foundation issued a statement indicating it was previously unaware of the details surrounding "ZRC-20" and the CASH token, clarifying that the project is a third-party private initiative and not an official Zcash token standard or protocol feature, and reminded users to conduct thorough due diligence before interacting with any tokens.
Block CEO Jack Dorsey has expressed support for review, independent evaluation, and planning of frontier AI, but opposes governments and leading AI companies negotiating industry-wide development restrictions.He advocates for an open-release approach that allows outside parties to reproduce results, identify problems, and develop alternatives, and supports providing models, computing power, and public infrastructure to independent researchers and safety researchers.Block is developing open-source AI tools and provides Bitcoin-related services across products including Square and Cash App. The company has also launched the open-source AI agent goose, and is developing Bitcoin mining hardware Proto and hardware wallet Bitkey. (Bitcoin.com News)
Binance Alpha 2.0 now supports trading, deposits, and withdrawals on Robinhood Chain. Limit orders and instant orders currently support USDT pairs. Additionally, Binance Alpha 2.0 has added tokens such as Cash Cat (CASHCAT), up (UP), Artificial Inu (AI), and Pons (PONS).
According to an official tweet from Binance Wallet, Binance Alpha 1.0 added three new tokens on September 4, 2026: Cash Cat (CASHCAT), UP (UP), and Artificial Inu (AI), exclusively accessible to Binance Wallet users.