News linked to both this project and an event.
Odaily Report: US Defense Secretary Pete Hegseth has banned personnel at the Pentagon and defense agencies from using non-public information to place bets on upcoming military operations, including trading on prediction market platforms such as Kalshi and Polymarket.In a memo sent Tuesday to senior officials at the Department of Defense and related defense agencies, Pete Hegseth stated that the ban covers both classified and unclassified information, and noted that betting on prediction markets could expose military operations and affect operational security and personnel judgment.The directive follows allegations that US Army soldier Gannon Ken Van Dyke was charged in April with using classified information about the capture of Venezuelan leader Nicolás Maduro to bet on related outcomes on Polymarket and earn more than $400,000. Prosecutors said he participated in planning and executing the operation, and Van Dyke has pleaded not guilty to all charges.In February of this year, Israeli authorities arrested and charged a military reservist and a civilian on suspicion of using classified information to bet on Polymarket regarding the outcome of an Israeli military strike on Iran. (Cointelegraph)
The Securities and Exchange Commission (SEC) of Thailand stated that multiple asset management companies have made inquiries about launching spot cryptocurrency ETFs, but no asset management company has yet submitted an approval application to establish a crypto ETF. The SEC did not disclose the names of the companies involved.The SEC noted that it is currently unable to determine whether the first batch of products can be approved before the end of 2026, with the specific timeline depending on the preparedness of applicants, regulatory review, and investor protection requirements. Thailand's new crypto ETF rules took effect on Friday, allowing asset managers to establish locally listed spot Bitcoin and Ethereum ETFs. (Cointelegraph)
Odaily reports: Katie Harries, Head of European Policy at Coinbase, wrote that the UK Financial Conduct Authority (FCA)'s proposed crypto asset regulatory rules could require regulated platforms to execute client orders only on FCA-authorized trading venues, thereby restricting users from accessing decentralized finance (DeFi) protocols through compliant platforms. Since decentralized protocols typically have no entity that can apply for regulatory authorization, the proposed rules could prevent regulated platforms from offering DeFi access services, constituting a de facto ban. The relevant crypto regulatory regime is expected to take effect on October 25, 2027.Harries argues that a blanket restriction on DeFi access will not eliminate the activity but may instead push more transactions into channels that regulators cannot effectively monitor. She calls on the FCA to adopt an approach of "regulating the access point, not blocking the technology," allowing compliant platforms to offer DeFi access services provided they clearly disclose risks to users, obtain user consent, and assess protocol operational and governance risks. She also noted that the EU and the US are exploring the integration of traditional finance with DeFi infrastructure, and the UK should also preserve space for such innovation. (Cointelegraph)
Odaily reports: The PHP Foundation has stated that due to hesitant decision-making and insufficient resources, remediation work for a critical security vulnerability first discovered in 2024 stalled and restarted multiple times, and it characterized the delay as a "structural failure." PHP is a programming language widely used for websites and web applications.PHP has released emergency patches for two related critical vulnerabilities. Unauthenticated attackers could exploit the flaws to execute code on affected servers without logging in. Some government websites or online services in the Netherlands, Finland, France, Germany, and Australia were temporarily taken offline to prepare for patch installation.Security firm Calif and OpenAI separately reported the same underlying issue on August 11, and Calif also demonstrated unconditional remote code execution. Blockchain security firm SlowMist investigated PHP usage in the crypto industry and found direct PHP fingerprints on 793 of the 1,488 domains it assessed.Intersect has temporarily closed its Members Area, Coinbase said it has not found any affected PHP instances, and digital asset infrastructure company BitGo said its platform was not affected. Binance co-founder Changpeng Zhao reminded users to exercise heightened caution when visiting websites recently, and OpenAI has released a Codex skill for checking for vulnerable PHP versions. (Cointelegraph)
Odaily reports: The UK Financial Conduct Authority (FCA) has announced the launch of two consultations, covering guidance for decentralized finance (DeFi) firms on compliance with anti-money laundering and financial crime rules, as well as arrangements to exclude certain cryptoassets from the regulatory perimeter under recent legislative changes.The FCA stated that the proposed DeFi guidance is intended to clarify existing rules rather than create new policy. The FCA is also consulting on cryptoasset regulatory exemptions.The UK Cryptoasset Business Council said that DeFi is one of the most innovative areas of financial services, and that the UK should establish clear and proportionate regulatory boundaries to keep responsible innovation developing domestically.The FCA opened applications for firms under the new crypto regulatory regime on September 30, with applicant firms required to complete compliance by February 28, 2027. The regime covers stablecoin holding arrangements and reserve assets and is expected to take effect from October 2027. (Cointelegraph)
Odaily reports: The French Ministry of Finance, the Autorité des Marchés Financiers (AMF), the Banque de France, and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) have jointly proposed amendments to the EU's Markets in Crypto-Assets Regulation (MiCA), requiring crypto platforms to bear responsibility for certain customer losses when they proactively offer access to DeFi protocols without reviewing those protocols or ignoring known security risks.France proposes that platforms review relevant protocols before providing DeFi access, continuously monitor for vulnerabilities and suspicious activity, and support the certification of protocols and smart contracts. The relevant requirements would apply fully to significant crypto-asset service providers (CASPs), with proportionally adjusted obligations for smaller platforms.France also proposes transferring supervisory authority over significant CASPs from national regulators to the European Securities and Markets Authority (ESMA), and lowering the current EU threshold of 15 million daily active users. Additionally, France suggests re-examining the asset-referenced token (ART) category and adjusting the electronic money token (EMT) framework to cover multi-currency stablecoins. (Cointelegraph)
According to Cointelegraph, the French Ministry of Finance, the French Financial Markets Authority (AMF), the Bank of France, and the Prudential Supervision and Resolution Authority (ACPR) have jointly proposed revisions to MiCA, advocating for additional obligations to be imposed on crypto-asset service providers (CASPs) that actively provide users with access to DeFi protocols.
Odaily reports: Prediction market platform Kalshi, along with its affiliates and two Susquehanna-owned trading firms, has been sued by Utah Attorney General Derek Brown, who alleges they facilitated illegal gambling in the state starting in 2024.Brown stated that the state has asked the court to order the companies to disgorge approximately $30 million to $60 million in profits obtained through allegedly unlawful event contracts. Utah claims that Kalshi provided services to more than 32,000 users in the state and caused significant losses.In February of this year, Kalshi sued the state of Utah after its legislature classified prediction market betting as gambling. In August, a judge ruled that relevant federal law governing the U.S. Commodity Futures Trading Commission (CFTC) does not preclude the application of state gambling laws.In September, an appellate court denied Kalshi's request for an injunction to block it from operating in the state during the appeal. The U.S. Supreme Court is considering whether to take up New Jersey's case against Kalshi over alleged illegal sports betting, a dispute concerning the regulatory authority of state governments versus the CFTC over event contracts. (Cointelegraph)
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)
According to Cointelegraph, the U.S. Congress is advancing the Digital Asset Tax Certainty Act (H.R. 10357). Section 502 of the bill mandates that the U.S. Department of the Treasury establish a "Digital Asset Voluntary Disclosure Program" within 12 months of enactment, allowing compliant taxpayers to rectify past digital asset tax non-compliance by filing amended returns, paying back taxes and interest, and receiving penalty relief.
Odaily reports: On Friday, France's National Assembly passed Amendment I-3898 with 38 votes in favor, 37 against, and 25 abstentions, which proposes taxing certain cryptocurrency-to-stablecoin conversion transactions. If approved, the relevant provisions are expected to take effect starting in 2027. The measure would change the method for calculating cryptocurrency capital gains tax, meaning that when investors convert Bitcoin or other cryptocurrencies into stablecoins, the resulting gains could trigger tax liability even if the assets are not converted into fiat currency.The French National Assembly is scheduled to vote on Tuesday on the first part of the 2027 Finance Bill. A proposal to allow realized cryptocurrency losses to be carried forward for 10 years was rejected by the Assembly on Friday with 18 votes in favor, 75 against, and 3 abstentions.French lawmakers are also reviewing two cryptocurrency tax proposals: I-CF1822 would expand the exit tax to unrealized gains, applicable to taxpayers whose cryptocurrency portfolios exceed €800,000 in total value and who relocate their residence outside France; I-2701 would require the declaration of self-hosted wallet holdings, with a threshold of more than €100,000 in total value for the relevant tax year. Both proposals remained under review as of Monday. (Cointelegraph)
Odaily reports: The European Securities and Markets Authority (ESMA) has updated the EU's Markets in Crypto-Assets Regulation (MiCA) register, adding 9 new crypto-asset service providers (CASPs), including BingX's Austrian entity MEGE zweite, bringing the number of independently registered CASPs to 375.The register also includes the Italian subsidiary of crypto lending platform YouHodler, which has been authorized to provide custody, crypto-asset trading, order execution, and transfer services. Openbank Deutschland, the German subsidiary of Banco Santander's Openbank, is also on the newly added list.Spain's Prakma Markets and Germany's VR-Bank Alb-Blau-Donau and VR Bank im südlichen Franken have likewise been added to the register. Denmark's Penning Financial Services no longer appears on the latest list.The electronic money token (EMT) register still contains 50 records involving 25 independent entities; the asset-referenced token (ART) register remains empty. The non-compliant crypto-asset service provider (NCASP) register increased by 5 entries to 178. (Cointelegraph)
Senior officials from South Korea's finance ministry plan to hold consultations with major cryptocurrency exchanges on Tuesday, with participants including representatives from Upbit, Bithumb, Coinone, DigitalX, Gopax, and the Digital Asset Exchange Alliance (DAXA). Yoo Young-jun, Director General of the Digital Finance Policy Bureau at South Korea's Financial Services Commission, will attend the meeting.South Korea has postponed the crypto tax three times, most recently pushing the implementation date to 2027. Exchanges say that applicable rules for different transaction types have not yet been determined and that infrastructure preparation time is limited, with the industry broadly supporting a further delay of the tax.South Korean Democratic Party lawmaker Park Min-gyu recently proposed a bill that would set the tax start date as January 1 of the second year after South Korea begins sharing data under the OECD Crypto-Asset Reporting Framework (CARF). If the first data exchange takes place in 2027, the tax would begin in 2029. (Cointelegraph)
Odaily reports: A survey covering 4,506 adults across the United States shows that most respondents oppose betting on U.S. elections and other government actions through prediction markets. 69% of Democratic respondents and 61% of Republican respondents opposed betting on election results. The survey was conducted from September 30 to October 5.The prediction market industry, driven by platforms such as Polymarket and Kalshi, allows users to bet on U.S. elections, changes in government policy, and sporting events. The related business has triggered multiple regulatory lawsuits between state governments and federal agencies.The survey shows that 43% of respondents oppose betting on professional sports events, while 29% expressed support. The administration of U.S. President Donald Trump is pushing for the industry to be regulated by the U.S. Commodity Futures Trading Commission (CFTC). 39 states and the District of Columbia have submitted amicus briefs, stating that the dispute between federal and state regulators has evolved into a nationwide jurisdictional conflict. (Cointelegraph)
Odaily reports: The crypto project Cysic has announced that its cross-chain bridge was paused on Saturday after an attacker exploited a processing flaw to mint 10 million CYS tokens without authorization on BNB Smart Chain. Preliminary investigations indicate that the attacker may have gained unauthorized access to the database supporting the bridge.The unauthorized minting occurred at 12:31:38 UTC, and Cysic blacklisted the receiving address in the token contract at 13:47:52. The address currently still holds approximately 2.8 million CYS, and related transfers have been restricted.Cysic stated that the incident only involved cross-chain bridge message processing and token minting, and did not affect the mainnet or other operating systems, nor did it result in the theft or unauthorized transfer of existing CYS or other assets in user wallets. Token transfers, swaps, and actual losses are still under review, and the company has engaged security firms and plans to release a follow-up report. (Cointelegraph)
According to Cointelegraph, ECB President Lagarde stated at the IMF annual meeting held on Saturday that the Eurozone's inflation rate in September was 3.8%, primarily driven by high energy costs. The ECB expects energy costs to ease next year, but the energy shock will still keep Eurozone inflation above the target level in the first half of 2027, making a moderate policy response appropriate. Lagarde also noted that the ECB is preparing the digital euro to complement cash and meet everyday payment needs. She added that the digital euro will further stimulate innovation and competition in the retail payments sector and ensure the coexistence of public and private payment schemes, supporting Europe's strategic autonomy in payments.
Odaily reports: European Central Bank (ECB) President Christine Lagarde stated that the eurozone's September inflation rate stood at 3.8%, primarily driven by high energy costs, and the ECB expects related pressures to ease next year.She noted that the energy shock may keep eurozone inflation above the ECB's target through the first half of 2027, but a prudent policy response remains appropriate at this time.Christine Lagarde said the ECB is preparing a digital euro for everyday retail payments as a digital complement to cash. She noted that the digital euro will further promote innovation and competition in the retail payments sector.The ECB has launched Pontes, allowing financial institutions to settle wholesale tokenized asset transactions using central bank money; the system initially offers core services and is expected to be fully implemented by 2028. (Cointelegraph)
Odaily reports: Cryptocurrency exchange Bitget has announced that it will cease providing services to certain users through a one-time measure. Bitget stated that user funds remain safe during the related service adjustments, and the platform will continue to operate.Affected users will receive follow-up steps, relevant deadlines, and fund withdrawal arrangements via email, in-app messages, and/or push notifications. Users who have not received official notifications from Bitget may continue to use their accounts normally.Bitget's customer support team will assist users with pending orders, withdrawals, and other account issues during the process, and reminds users to use only official channels and to beware of phishing links, impersonation accounts, and unverified information.On September 25, Bitget confirmed an unauthorized transfer and temporarily suspended withdrawals to investigate a security breach. Subsequent disclosures revealed that the incident involved approximately $388 million in stolen assets. (Cointelegraph)
Odaily News: French hardware wallet manufacturer Ledger received multiple reports of malicious implants months before its latest security crisis occurred. Former Mt. Gox CEO Mark Karpelès stated that at least two people had contacted Ledger since December 2025 to report tampered devices, but no public warning was found to have been issued.Security researcher Joe Grand stated that on March 4, 2026, he reported a malicious implant to Ledger. The implant was found in a Nano X purchased through Lazada in Thailand in August 2025. Ledger confirmed the findings and said it would launch an internal investigation, but did not proactively alert customers.Mark Karpelès believes that the increase in the number of reports and the growing sophistication of the techniques used should prompt Ledger to take action and at least remind customers to remain cautious. Ledger declined to comment on how it handled Joe Grand's disclosure, only directing people to view its public statement on X.The Ledger security crisis became public on October 9, involving the loss of crypto assets from wallets sold by Southeast Asian authorized reseller CryptoBilis; Ledger confirmed that one affected device contained an unauthorized implant. Trezor had also previously received reports involving devices tampered with by unauthorized sellers. (Cointelegraph)
Odaily reports: Alex Taaffe, Chief Revenue Officer of digital asset trading firm GSR, stated that the on-chain issuance of real-world assets (RWAs) continues to increase, but investor demand has yet to match, and the growing number of issuers and blockchains has further fragmented liquidity in the tokenized market.Mike Silagadze, founder and CEO of ether.fi, said that stablecoins facilitate cross-border transfers, but broader adoption depends on whether they can be used for everyday spending; Yvonne Chia, Head of Communications at USDD, believes that issuers should prioritize improving user experience.The stablecoin market cap stands at $306 billion, up approximately 2% year-over-year and about 74% over the past 12 months. Ilya Podoynitsyn, co-founder and CEO of FinHarbor, pointed out that service providers still need to address regulatory requirements across different jurisdictions and adjust their infrastructure and compliance systems.Miguel Morel, founder and CEO of blockchain analytics firm Arkham Intelligence, said that on-chain data can be used to assess counterparty risk and the source of client deposits. Pulkit Gupta of Nomad Capital noted that crypto market liquidity has been relatively weak over the past three months, making it more difficult to exit altcoin investments. (Cointelegraph)