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Founded in 2016, Crypto.com serves more than 50 million customers and is one of the world's fastest-growing global cryptocurrency platforms. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to create a fairer and more equitable digital ecosystem.
OG.com Files with CFTC to Launch Single-Stock Perpetual Futures
Odaily reports: Prediction market and derivatives platform OG.com Markets has submitted a rule filing to the U.S. Commodity Futures Trading Commission (CFTC) seeking to launch cash-settled perpetual futures on individual stocks with no expiration date, tradable 5 days a week, 24 hours a day.OG.com recently spun off from cryptocurrency exchange Crypto.com to become an independent platform valued at $5 billion. Coinbase, Payward's Bitnomial exchange, and Kalshi have also applied to offer U.S. single-stock perpetual futures. (Cointelegraph)
Robinhood Partners with Crypto.com on Prediction Market Deal
Odaily News: Robinhood has reached an agreement with Crypto.com to further expand its prediction market business. Under the agreement, Robinhood will list event contracts provided by OG.com, Crypto.com's prediction market platform, and will take a minority stake in both Crypto.com and OG.com.Following an investment from Citadel Securities in July this year, OG.com's valuation has reached approximately $5 billion. (WSJ)
Bitcoin long-term holders undergo rare position reduction as over 130,000 BTC shifts within two days, sparking safe-haven speculation
Odaily News Crypto analyst Murphy stated on X that on-chain data reveals a rare large-scale movement of coins by Bitcoin long-term holders (LTH) recently. Over the past two days, more than 65,000 BTC have moved on-chain each day (excluding internal transfers within the same entity), leading to a notable decline in LTH net positions.Data shows that LTH net positions had begun to deviate from their previous continuous growth trend since May this year, entering a plateau in July, with the recent large-scale transfers being relatively uncommon over the past year. Among these, approximately 14,000 BTC flowed into exchanges. Some of the funds include a transaction where a company under Trump's umbrella transferred 2,628 BTC to Crypto.com.Currently, aside from the portion flowing into exchanges, the destination and purpose of the remaining coins reduced by long-term holders remain unclear. Murphy stated that potential risks currently affecting the BTC market include: 1) Shifts in Fed monetary policy and rising rate hike expectations; 2) Inflationary pressure from Middle East tensions and oil price changes; 3) Valuation concentration in the AI sector and financing risks behind high capital expenditures; 4) Re-crowding of yen carry trade positions.
Crypto.com Custody will provide institutional-grade custody and liquidity services for XYO and XL1
Crypto.com Custody has announced it will provide institutional-grade custody and liquidity services for XYO and XL1. This marks the first listing on a major trading platform for XL1 following its token sale, allowing qualified institutions and high-net-worth clients to store, manage, and exchange both tokens through a regulated pathway. Related assets will be held in client-segregated MPC wallets and held by bankruptcy-remote entities. Private keys are protected by multi-party computation running within a trusted execution environment. Clients have access to cold storage, audit trails, and Crypto.com’s institutional liquidity services. Eric Anziani, President and Chief Operating Officer of Crypto.com, stated that digital asset organizations require custody solutions that offer both security and liquidity. Markus Levin, co-founder of XYO, noted that after XYO was initially listed on the Crypto.com trading platform, the relationship between the two parties has continued to expand. In July 2026, Citadel Securities invested $400 million in Crypto.com at a valuation of $20 billion. In February 2026, the U.S. Office of the Comptroller of the Currency (OCC) conditionally approved Crypto.com to establish Crypto.com National Trust Bank.
Citadel Securities invests $400 million in Crypto.com, valuation reaches $20 billion
According to PR Newswire, Crypto.com announced it has received a $400 million strategic investment from Citadel Securities. This financing round values the company at $20 billion and marks the first institutional capital injection in Crypto.com's ten-year history. Jim Esposito, President of Citadel Securities, stated that Crypto.com has laid a solid foundation for the continued institutionalization of the digital asset market. Kris Marszalek, Co-founder and CEO of Crypto.com, stated that this financing will accelerate the company's expansion into all asset classes such as tokenized securities and derivatives, promote the integration of cryptocurrency with traditional financial markets, and build a more efficient 24/7 financial ecosystem.
Crypto.com Secures $400 Million Investment from Citadel Securities, Valuation Reaches $20 Billion
Odaily News: Crypto trading platform Crypto.com has secured a $400 million investment from Citadel Securities, bringing its company valuation to $20 billion. This deal marks Crypto.com's first institutional funding round since its establishment in 2016. Crypto.com stated that it will use the funds to expand its business in tokenized securities, derivatives, and other asset classes.
Kalshi and Polymarket crypto event contracts hit a record $2.7 billion in weekly trading volume, with 15-minute BTC price predictions emerging as a new hotspot
According to Dune data, nominal trading volume for crypto-related event contracts on Kalshi and Polymarket reached $2.7 billion last week, setting an all-time high. Bitcoin short-term up/down contracts were particularly active, with Kalshi's 15-minute Bitcoin price prediction contracts seeing single trades exceeding $1 million, and some traders using trading bots to capture opportunities in the final seconds before contract expiration.Cryptocurrency has now become the second-largest trading category on both platforms after sports. Crypto trading platforms including Coinbase, Crypto.com, Gemini, and Kraken are expanding their businesses by applying for relevant licenses or partnering with prediction markets. Meanwhile, declining spot trading volume on centralized exchanges is also pushing crypto platforms to seek business diversification. However, as multiple U.S. states mount legal challenges against sports-related prediction contracts, the regulatory trajectory could also affect the industry's development. (Bloomberg)
Crypto.com and Novig Sue Missouri, Seek to Pause Enforcement of Sports Event Contract Ban
Odaily reports: Crypto.com's prediction market trading platform and Novig filed suit against Missouri officials in federal court last Friday, asking a judge to bar the state from taking enforcement action against their sports event contracts. Previously, Missouri Attorney General Catherine Hanaway sent cease-and-desist letters in September to six platforms, including both companies, requiring them to stop offering sports event contracts to state residents within 30 days or obtain a state license and pay a 10% tax. Crypto.com said the cease-and-desist letter was mistakenly sent to Foris DAX, Inc. rather than the trading platform itself; the Missouri Constitution only permits the issuance of two mobile sports prediction licenses, and both have already been granted, making obtaining a license unfeasible.The two platforms argue that the Commodity Exchange Act grants the CFTC exclusive jurisdiction and preempts state law. Kalshi, Polymarket, Robinhood, and Underdog, which also received cease-and-desist letters in September, had not filed suit in Missouri federal court as of Sunday. Because multiple U.S. federal appellate courts are divided on whether federal law preempts state regulation, Novig has asked the court to issue a preliminary injunction during the litigation to maintain the status quo.
Blockchain.com seeks approval to launch prediction markets and crypto derivatives trading
Blockchain.com is seeking approval in the U.S. market to launch prediction markets and crypto derivatives trading.
CFTC Proposes to Include Prediction Market Event Contracts in "Swaps" Definition to Draw a Clear Line From Gambling
According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) has submitted two proposed rules to the White House Office of Management and Budget (OMB): one would formally classify event contracts traded on platforms such as Kalshi, Polymarket, Crypto.com, and Robinhood under the regulatory definition of "swaps"; the other would explicitly exclude casino-style gambling products from the swaps category. This move aims to respond to recent federal court rulings—the Sixth and Eighth Circuits both ruled that Kalshi's sports-related contracts do not qualify as swaps and should be subject to state gambling regulations, while the Third Circuit upheld the CFTC's jurisdiction over prediction markets. With conflicting rulings across the circuits, the matter may ultimately need to be resolved by the U.S. Supreme Court. Currently, the CFTC comprises only one commissioner, Chair Mike Selig, with all related decisions made solely by him.
US House Oversight Committee Expands Investigation into Insider Trading on Prediction Markets, Involving Platforms Including Hyperliquid
Odaily News: James Comer, Chairman of the U.S. House Oversight Committee and Republican Representative from Kentucky, has expanded an investigation into insider trading on prediction markets, requesting that Hyperliquid Labs, Crypto.com, and Aristotle Exchange Inc., the operator of PredictIt, explain their identity verification procedures as well as measures to identify and prevent insider trading.In letters sent Tuesday to the CEOs of the three companies, Comer requested relevant documents and information, stating that the committee is investigating whether these platforms are fulfilling their legal obligations and taking sufficient measures to identify and stop insider trading before it occurs.
Crypto.com Approved to Launch Single-Stock Futures in the U.S., Plans to Offer Stock Perpetual Contracts
Odaily News: Nadex, the U.S. regulated derivatives trading platform under Crypto.com, has completed its registration with the U.S. Securities and Exchange Commission (SEC) and can now offer securities futures products through OG.com. The registration took effect on September 14, and the SEC confirmed the registration filing on September 16. CEO Kris Marszalek stated that this registration authorizes the company to introduce single-stock futures to the U.S. market, and the company is also working with the SEC and CFTC to push for offering single-stock perpetual contracts, i.e., futures contracts with no fixed expiration date, in the United States.U.S. trading platforms are racing to establish a foothold in stock perpetual futures. Coinbase also submitted a similar registration notice earlier this month, seeking to list stock perpetual contracts in the United States. Its Chief Policy Officer Faryar Shirzad said the plan still requires CFTC approval. (TheBlock)
Tectonic hit by oracle manipulation attack, $120.4 million in assets stolen
According to the post-incident report released by Tectonic, the Cronos blockchain lending protocol Tectonic suffered an oracle manipulation attack at 12:49 UTC on August 30, 2026. By repeatedly borrowing and re-collateralizing TONIC tokens 98 times within a single transaction, the attacker drove up the TONIC collateral price by approximately 195 times. Leveraging this artificially inflated value, they subsequently extracted assets with a nominal value of $120.4 million from nine lending markets, spanning USDC, USDT, WBTC, WETH, and other assets. The attacker then bridged the stablecoins to Ethereum and converted them to ETH, while selling the remaining assets for CRO on the Cronos chain before withdrawing them. Approximately $9.19 million in total successfully escaped before the network halt. At 14:32 UTC, Cronos validators emergency-paused the network, rolling back the on-chain state to pre-attack conditions and restoring assets still held on Cronos. Currently, Tectonic's supply and borrowing functions remain suspended, while withdrawal and repayment capabilities continue normally. Tracing efforts for the stolen funds are being coordinated by blockchain forensics firms, law enforcement agencies, and stablecoin issuers, with freeze requests already filed with the relevant issuers.
A whale lost approximately $20.17 million shorting the market over 20 days.
According to Onchain Lens, a whale deposited $10.2 million into Hyperliquid from Crypto.com and Binance two days ago, followed by an additional deposit of 4.5 million USDC. Over the past 20 days, the trader has lost approximately $20.17 million and currently holds an unrealized loss of about $19.62 million on short positions totaling $106.6 million.
Trump Media Transfers $165 Million in BTC, Remaining Holdings May Only Be Collateral for Notes
According to CoinDesk, a wallet associated with Trump Media recently transferred 2,628 Bitcoin to Crypto.com, valued at approximately $165 million at the time. Following the transfer, approximately 4,261 Bitcoin remained in the on-chain traceable wallet, an amount basically consistent with the scale of Bitcoin pledged as collateral for convertible notes previously disclosed by the company.
Trump Media Moves $165 Million in Bitcoin, Remaining Holdings Approach Collateral Amount for Loan
Odaily News: Trump Media has transferred 2,628 Bitcoin to Crypto.com, valued at approximately $165 million. The flagged wallet now holds roughly 4,261 Bitcoin, approaching the amount of collateral pledged for its convertible note. Trump Media previously purchased 11,542 Bitcoin for approximately $1.37 billion, with the buy price near the market peak. Since then, 7,281 Bitcoin have been transferred out. On-chain analysts estimate the company has realized losses of roughly $318 million, with an additional unrealized loss of approximately $237 million. Trump Media reported first-quarter revenue of $871,200 and a net loss of $405.9 million. The company has not yet clarified whether the latest transfer constitutes a sale or a custodial move, and the distinction will be disclosed in its second-quarter 10-Q filing.
Bitcoin long-term holders undergo rare position reduction as over 130,000 BTC shifts within two days, sparking safe-haven speculation
Odaily News Crypto analyst Murphy stated on X that on-chain data reveals a rare large-scale movement of coins by Bitcoin long-term holders (LTH) recently. Over the past two days, more than 65,000 BTC have moved on-chain each day (excluding internal transfers within the same entity), leading to a notable decline in LTH net positions.Data shows that LTH net positions had begun to deviate from their previous continuous growth trend since May this year, entering a plateau in July, with the recent large-scale transfers being relatively uncommon over the past year. Among these, approximately 14,000 BTC flowed into exchanges. Some of the funds include a transaction where a company under Trump's umbrella transferred 2,628 BTC to Crypto.com.Currently, aside from the portion flowing into exchanges, the destination and purpose of the remaining coins reduced by long-term holders remain unclear. Murphy stated that potential risks currently affecting the BTC market include: 1) Shifts in Fed monetary policy and rising rate hike expectations; 2) Inflationary pressure from Middle East tensions and oil price changes; 3) Valuation concentration in the AI sector and financing risks behind high capital expenditures; 4) Re-crowding of yen carry trade positions.
Loss of $555 Million: Trump Media Transfers 2,628 BTC to Crypto.com
Odaily News: According to on-chain analyst Yu Jin's monitoring, Trump Media transferred 2,628 BTC to the Crypto.com exchange 6 hours ago. The company currently faces a total loss of up to $555 million on its Bitcoin holdings. Between July and August last year, Trump Media raised funds by selling company stock and convertible bonds, then purchased 11,542 BTC at a total cost of $1.368 billion, with an average price of $118,529 per BTC. Since the beginning of this year, the company has gradually sold 7,281 BTC for $545 million, at an average price of approximately $74,860 per BTC, realizing a loss of $318 million. It currently still holds 4,261 BTC, valued at $268 million, with an unrealized loss of $237 million.
The UAE leads "Operation Ghost Clash", uniting 30 countries to combat cross-border digital fraud and identify over $39 billion in fraud-linked assets.
According to information released by the UAE Ministry of Interior via PR Newswire, the ministry led "Operation Confrontation Ghost". Law enforcement agencies from 30 countries, Interpol, the Global Anti-Scam Alliance (GASA), and 13 companies including Meta, TikTok, Mastercard, Huawei, and Crypto.com participated in the operation. Conducted from July 1 to September 30, 2026, the action targeted three categories of crime: AI-enabled fraud, digital financial fraud, and technology-assisted extortion. The operation identified over 15,500 victims and 3,500 suspects, arrested over 960 individuals, raided 29 scam centers, shut down more than 570 implicated social media accounts, and uncovered over 4,126 fraud-related bank accounts. Participants exchanged over 9,000 pieces of intelligence and identified more than $39 billion in fraud-linked funds and cryptocurrency assets. This amount does not represent the total recovered sum, as recovery efforts remain ongoing.
Crypto.com and Novig Sue Missouri, Seek to Pause Enforcement of Sports Event Contract Ban
Odaily reports: Crypto.com's prediction market trading platform and Novig filed suit against Missouri officials in federal court last Friday, asking a judge to bar the state from taking enforcement action against their sports event contracts. Previously, Missouri Attorney General Catherine Hanaway sent cease-and-desist letters in September to six platforms, including both companies, requiring them to stop offering sports event contracts to state residents within 30 days or obtain a state license and pay a 10% tax. Crypto.com said the cease-and-desist letter was mistakenly sent to Foris DAX, Inc. rather than the trading platform itself; the Missouri Constitution only permits the issuance of two mobile sports prediction licenses, and both have already been granted, making obtaining a license unfeasible.The two platforms argue that the Commodity Exchange Act grants the CFTC exclusive jurisdiction and preempts state law. Kalshi, Polymarket, Robinhood, and Underdog, which also received cease-and-desist letters in September, had not filed suit in Missouri federal court as of Sunday. Because multiple U.S. federal appellate courts are divided on whether federal law preempts state regulation, Novig has asked the court to issue a preliminary injunction during the litigation to maintain the status quo.
Crypto.com Launches Predict Pro Prediction Market Platform for U.S. Users
Odaily News: Crypto.com has launched its prediction market platform Predict Pro for U.S. users on its exchange. The platform connects to OG.com Markets, an exchange and clearinghouse registered with the U.S. Commodity Futures Trading Commission (CFTC), offering real-time order book depth, probability charts, and multiple order types, and supports combining 2 to 20 event predictions from different markets into a single trade. (The Block)
Blockchain.com seeks approval to launch prediction markets and crypto derivatives trading
Blockchain.com is seeking approval in the U.S. market to launch prediction markets and crypto derivatives trading.
CFTC Proposes to Include Prediction Market Event Contracts in "Swaps" Definition to Draw a Clear Line From Gambling
According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) has submitted two proposed rules to the White House Office of Management and Budget (OMB): one would formally classify event contracts traded on platforms such as Kalshi, Polymarket, Crypto.com, and Robinhood under the regulatory definition of "swaps"; the other would explicitly exclude casino-style gambling products from the swaps category. This move aims to respond to recent federal court rulings—the Sixth and Eighth Circuits both ruled that Kalshi's sports-related contracts do not qualify as swaps and should be subject to state gambling regulations, while the Third Circuit upheld the CFTC's jurisdiction over prediction markets. With conflicting rulings across the circuits, the matter may ultimately need to be resolved by the U.S. Supreme Court. Currently, the CFTC comprises only one commissioner, Chair Mike Selig, with all related decisions made solely by him.
Crypto.com Approved to Launch Single-Stock Futures in the U.S., Plans to Offer Stock Perpetual Contracts
Odaily News: Nadex, the U.S. regulated derivatives trading platform under Crypto.com, has completed its registration with the U.S. Securities and Exchange Commission (SEC) and can now offer securities futures products through OG.com. The registration took effect on September 14, and the SEC confirmed the registration filing on September 16. CEO Kris Marszalek stated that this registration authorizes the company to introduce single-stock futures to the U.S. market, and the company is also working with the SEC and CFTC to push for offering single-stock perpetual contracts, i.e., futures contracts with no fixed expiration date, in the United States.U.S. trading platforms are racing to establish a foothold in stock perpetual futures. Coinbase also submitted a similar registration notice earlier this month, seeking to list stock perpetual contracts in the United States. Its Chief Policy Officer Faryar Shirzad said the plan still requires CFTC approval. (TheBlock)
Related news
Cronos Network: Completed First CRO Buyback and Burn, Cumulative Burn Reaches 1.7915 Million CRO
Cronos Network announced that it has completed its first CRO buyback and burn, marking the first execution of its planned monthly burn mechanism. A total of 1,791,534.14 CRO were burned in this round. The specific mechanism operates as follows: transaction fees on the Ult platform will be used to buy back CRO, while fees from Cronos Launch token sales will be fully burned after conversion.
Kalshi and Polymarket crypto event contracts hit a record $2.7 billion in weekly trading volume, with 15-minute BTC price predictions emerging as a new hotspot
According to Dune data, nominal trading volume for crypto-related event contracts on Kalshi and Polymarket reached $2.7 billion last week, setting an all-time high. Bitcoin short-term up/down contracts were particularly active, with Kalshi's 15-minute Bitcoin price prediction contracts seeing single trades exceeding $1 million, and some traders using trading bots to capture opportunities in the final seconds before contract expiration.Cryptocurrency has now become the second-largest trading category on both platforms after sports. Crypto trading platforms including Coinbase, Crypto.com, Gemini, and Kraken are expanding their businesses by applying for relevant licenses or partnering with prediction markets. Meanwhile, declining spot trading volume on centralized exchanges is also pushing crypto platforms to seek business diversification. However, as multiple U.S. states mount legal challenges against sports-related prediction contracts, the regulatory trajectory could also affect the industry's development. (Bloomberg)
The UAE leads "Operation Ghost Clash", uniting 30 countries to combat cross-border digital fraud and identify over $39 billion in fraud-linked assets.
According to information released by the UAE Ministry of Interior via PR Newswire, the ministry led "Operation Confrontation Ghost". Law enforcement agencies from 30 countries, Interpol, the Global Anti-Scam Alliance (GASA), and 13 companies including Meta, TikTok, Mastercard, Huawei, and Crypto.com participated in the operation. Conducted from July 1 to September 30, 2026, the action targeted three categories of crime: AI-enabled fraud, digital financial fraud, and technology-assisted extortion. The operation identified over 15,500 victims and 3,500 suspects, arrested over 960 individuals, raided 29 scam centers, shut down more than 570 implicated social media accounts, and uncovered over 4,126 fraud-related bank accounts. Participants exchanged over 9,000 pieces of intelligence and identified more than $39 billion in fraud-linked funds and cryptocurrency assets. This amount does not represent the total recovered sum, as recovery efforts remain ongoing.
Crypto.com and Novig Sue Missouri, Seek to Pause Enforcement of Sports Event Contract Ban
Odaily reports: Crypto.com's prediction market trading platform and Novig filed suit against Missouri officials in federal court last Friday, asking a judge to bar the state from taking enforcement action against their sports event contracts. Previously, Missouri Attorney General Catherine Hanaway sent cease-and-desist letters in September to six platforms, including both companies, requiring them to stop offering sports event contracts to state residents within 30 days or obtain a state license and pay a 10% tax. Crypto.com said the cease-and-desist letter was mistakenly sent to Foris DAX, Inc. rather than the trading platform itself; the Missouri Constitution only permits the issuance of two mobile sports prediction licenses, and both have already been granted, making obtaining a license unfeasible.The two platforms argue that the Commodity Exchange Act grants the CFTC exclusive jurisdiction and preempts state law. Kalshi, Polymarket, Robinhood, and Underdog, which also received cease-and-desist letters in September, had not filed suit in Missouri federal court as of Sunday. Because multiple U.S. federal appellate courts are divided on whether federal law preempts state regulation, Novig has asked the court to issue a preliminary injunction during the litigation to maintain the status quo.
Crypto.com Launches Predict Pro Prediction Market Platform for U.S. Users
Odaily News: Crypto.com has launched its prediction market platform Predict Pro for U.S. users on its exchange. The platform connects to OG.com Markets, an exchange and clearinghouse registered with the U.S. Commodity Futures Trading Commission (CFTC), offering real-time order book depth, probability charts, and multiple order types, and supports combining 2 to 20 event predictions from different markets into a single trade. (The Block)
Crypto.com Launches Institutional-Grade Prediction Market Platform Predict Pro
According to Crypto.com’s official announcement, Crypto.com Exchange officially launched Predict Pro on October 15. This institutional-grade prediction market platform is designed for professional traders and is currently available to U.S. users. Operated by Crypto.com’s licensed broker, Foris DAX, Inc., and integrated with OG.com Markets—a CFTC-registered exchange and clearinghouse—Predict Pro offers key features such as real-time order book depth and probability charts, advanced order types (market, limit, stop-loss, etc.), parlay bets spanning 2–6 events, and automated settlement within approximately one hour of outcome determination. The platform supports trading across diverse markets, including elections, sports events, cryptocurrency prices, Federal Reserve decisions, and climate and cultural events. Iskandar Vanblarcum, Managing Director at Crypto.com Exchange, stated that Predict Pro aims to equip professional market participants with event trading infrastructure that delivers the same depth, liquidity, and precision as traditional financial derivatives.