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Figure completes $717 million acquisition of Kiavi, adding over $7 billion in tokenized loans
According to Cryptopolitan, Figure Technology Solutions officially completed its $717 million acquisition of U.S. residential real estate lending institution Kiavi on September 1. The transaction consists of two parts: Figure's acquisition of Kiavi's technology and operations platform, and the establishment of a joint venture with Sixth Street to take over the loan assets. The actual cash consideration paid by Figure was approximately $590 million, primarily financed through the issuance of $600 million in 8.5 percent senior notes maturing in 2031. Following the acquisition, Kiavi is expected to add over $7 billion in annual primary mortgage volume to Figure Connect, with more than $100 million flowing into Figure's on-chain lending platform, Democratized Prime, each month. Kiavi will also bring technological assets such as an AI-driven property valuation engine and automated document review capabilities, becoming the first deployment scenario for Adaptor, Figure's intelligent agent product. Kiavi CEO Arvind Mohan will step into the role of Chief Business Officer at Figure, overseeing platform integration efforts.
Keel Infrastructure Shuts Down All US Bitcoin Mining Facilities, Sells Over 1,000 BTC to Pivot to AI Data Centers
According to Cryptopolitan, Bitcoin mining company Keel Infrastructure (formerly Bitfarms) released its Q2 2026 financial report this Monday, disclosing that the company has completed the shutdown of all its US Bitcoin mining farms, and sold 1,085 BTC between April 1 and August 7, cashing out approximately $75 million, and currently still holds 1,861 BTC on its balance sheet, valued at approximately $121 million. Financially, Keel's Q2 revenue was $30 million, down 50% year-over-year, mainly dragged down by weak Bitcoin prices and the shutdown of the Moses Lake mining farm; operating loss reached $141 million (including $84 million in non-cash depreciation), net loss from continuing operations was $64 million, and adjusted EBITDA was negative $24 million. Following the announcement, KEEL stock price fell more than 11% in a single day. In terms of strategic transformation, Keel is converting its core sites in Pennsylvania, Washington State, and Quebec into high-performance computing data centers; currently, permitting approvals for the three priority sites are nearly complete, and negotiations with potential tenants are underway. The company's current liquidity is approximately $819 million, including $698 million in unrestricted cash and $121 million in Bitcoin, and during the quarter, it also raised $458 million through convertible notes.
Euronext Suspends Trading on CoinShares Zcash ETP, Citing Settlement System Limitations
According to Cryptopolitan, Euronext halted trading of CoinShares' newly launched Zcash ETP (code ZCSH) on the Paris market on October 28, just hours after its listing. An Euronext spokesperson stated that the suspension was due to the central securities depository (CSD) temporarily being unable to support standard settlement operations, rather than any regulatory issue, and the product will resume once settlement conditions are met.
Canada's stablecoin regulatory draft prohibits issuers from paying yields and requires reserves to be held at banks.
According to Cryptopolitan, Canada published a draft stablecoin regulation in the Canada Gazette on October 24, prohibiting issuers from paying direct or indirect returns to holders, including platform activity rewards permitted by some U.S. platforms. The draft requires non-financial institution issuers to register with the Bank of Canada, maintain reserves of high-quality liquid assets in the denomination currency at a 1:1 ratio, be redeemable at par value, and hold reserve assets in banks. Banks, trust companies, and other prudentially regulated institutions are exempt from this issuer framework, and tokenized deposits at these institutions may continue to pay interest and remain eligible for deposit insurance. The draft opens a 60-day consultation period, and the Department of Finance Canada expects the rules to take effect in 2027. The Canadian Banking Association has expressed support for the return ban, while Stablecorp CEO Kesem Frank advocates following the U.S. approach to allow certain rewards.
Euro stablecoins see a $156 million year-to-date increase, while USD stablecoin supply remains nearly stagnant.
According to Cryptopolitan, the latest data from Token Terminal indicates that the total supply of euro-denominated stablecoins reached $848.1 million on September 7, reflecting a year-to-date growth of approximately 22.6%, or a net increase of around $156 million. During the same period, US dollar stablecoins saw a net increase of merely $159 million; however, their base stands at $298.5 billion, making it 350 times larger than the euro stablecoin market. Regarding market concentration, EURC and EURCV collectively account for 82% of the euro stablecoin supply. EURCV, issued by SG-Forge—a digital asset subsidiary of Société Générale—holds a MiCA-compliant license and represents 19.6% of the market, marking it as the first stablecoin primarily backed by a licensed European bank subsidiary. On-chain distribution shows that Ethereum captured approximately $125 million in new issuances year-to-date, claiming a 69.4% market share, while Solana added around $30 million, securing 14.7%. Combined, these two chains accounted for nearly all annual growth. Conversely, Base witnessed a contraction, declining from $73.9 million to $58.7 million. Analysts point out that the expansion of euro stablecoins is predominantly supply-driven by issuers rather than demand-pulled by users. Liquidity for euro pairs within DeFi lending pools and perpetual contracts remains sparse, indicating that the supply-demand imbalance has yet to be resolved.
German AfD secures a decisive victory in Saxony-Anhalt as the debate over Bitcoin tax exemption policies intensifies
According to Cryptopolitan, the far-right German Alternative for Germany (AfD) secured first place in the Saxony-Anhalt state election with a 43.8% vote share, winning 39 out of 83 seats, while the CDU's vote share plummeted to 17.2%. While this victory does not directly affect federal tax law, it will further strengthen the AfD's voice in Berlin's discussions on cryptocurrency tax reform. The AfD has consistently advocated for retaining the 12-month holding period tax exemption for Bitcoin and opposes classifying private mining and Lightning Network node operations as commercial taxable activities. In contrast, the German Federal Ministry of Finance plans to scrap this exemption, aiming to generate at least €1 billion in additional annual revenue.
American Bitcoin Director Invests $1.9 Million to Increase Company Stock Holdings
According to Cryptopolitan, the stock price of American Bitcoin (NASDAQ: ABTC), a Bitcoin mining company associated with the Trump family, rose about 10% in a single day on Monday, from $6.47 to $7.11. Triggering this rebound was a disclosure in regulatory filings: company director and Tinder co-founder Justin Mateen purchased a total of 306,981 shares over two consecutive days from August 5 to 6, totaling approximately $1.93 million, marking the largest insider purchase within the company in the past 12 months.
South Korea FSS Upgrades Anti-Fraud System, Crypto Assets Included in Voice Phishing Compensation Coverage
According to Cryptopolitan, South Korea's Financial Supervisory Service (FSS) has launched a three-month fraud refund system reconstruction project with a budget of approximately 119 million Korean won. This upgrade aims to align with the revised "Telecommunications Fraud Damage Compensation Act" amended on March 31 this year—the bill will officially take effect on October 1, formally incorporating virtual assets into the scope of "damaged property" and "refundable property." The new system will support calculating compensation amounts based on token type and quantity, using the Korean won value at the time funds were frozen as a reference benchmark, while also possessing the ability to disentangle mixed fraud funds across multiple accounts. Major exchanges such as Upbit, Bithumb, Coinone, Korbit, and GOPAX will be required to assume anti-fraud and victim relief obligations equivalent to those of banks at that time, including verifying transaction purposes, monitoring suspicious funds, and freezing suspected accounts.
AI Lowers Quantum Attack Costs, Bitcoin's Post-Quantum Migration Window Narrows
According to Cryptopolitan, over 100 researchers used AI coding agents to reduce the quantum attack resource score for Bitcoin's secp256k1 elliptic curve point addition subroutine by 86.1% (from 10.75 billion to 1.496 billion). This optimization only targeted a single step within Shor's algorithm and did not crack any private keys or transfer funds; a full-scale attack still requires fault-tolerant quantum hardware that does not yet exist. However, each efficiency gain is compressing the time window for blockchains to complete their post-quantum migration. According to Glassnode data, approximately 6.04 million BTC (30.2% of the circulating supply) currently faces potential quantum risk due to publicly exposed on-chain public keys. Ethereum plans to achieve full quantum resistance before December 2029, while the Bitcoin community faces greater governance challenges, including how to handle approximately 1.7 million dormant coins held in P2PK addresses suspected to belong to Satoshi, which remains unresolved.
Grok has an "Encrypted Context Injection" vulnerability, putting user chat data at risk of leakage.
According to Cryptopolitan, cybersecurity firm Adversa AI has disclosed that xAI's AI assistant Grok contains a security vulnerability known as "Encrypted Context Injection." Attackers can embed encrypted commands within standard web pages. When a user requests Grok to summarize such a page, Grok automatically decrypts and executes the hidden command, forwarding the user's name, geographic location, subscription tier, and complete chat history to the attacker's server. The vulnerability was reported to xAI through the HackerOne platform on June 3, 2026. Researcher Rony Utevsky followed up on August 4 and August 10, respectively. However, as of August 19, the vulnerability remains unpatched on Grok.com, and xAI has not provided a timeline for a fix.
“Godfather” cryptocurrency kidnapping case mastermind pleads guilty, faces up to 35 years in prison
According to Cryptopolitan, Adam Iza—a 25-year-old cryptocurrency entrepreneur from California, nicknamed “The Godfather”—formally pleaded guilty on June 1 to orchestrating the kidnapping of a couple from Connecticut. The incident stemmed from the couple’s son, Veer Chetal, who allegedly stole 4,100 bitcoins (valued at approximately $245 million) via social engineering. In response, Iza planned to kidnap Chetal’s parents to recover the stolen funds. On August 25, 2024, the criminal group staged a rear-end collision near Danbury High School, forcibly abducted the victims, and assaulted them. However, the operation quickly unraveled after multiple witnesses called the police and nearby FBI agents intervened; all six participants were apprehended and have since pleaded guilty. Additionally, in a separate case in California, Iza also pleaded guilty to charges including wire fraud, tax evasion, and directing law enforcement officers to conduct illegal surveillance for extortion purposes. California prosecutors are separately seeking a 35-year prison sentence.
North Korean hacker group Lazarus Group deploys fileless RemotePE Trojan to target cryptocurrency firms and banks
According to Cryptopolitan, the North Korea–linked hacker group Lazarus Group has been found deploying the fileless remote access Trojan RemotePE, primarily targeting banks, cryptocurrency exchanges, and fintech companies. This malware runs entirely in memory and employs process hollowing, anti-analysis detection techniques, and encrypted C2 communications—making it difficult for traditional antivirus and forensic tools to detect. The report states that attacks typically begin with Telegram-based social engineering: attackers impersonate employees of trading firms and lure victims into installing malicious software using forged Calendly and Picktime links, ultimately executing the payload without touching the file system.
Euronext Suspends Trading on CoinShares Zcash ETP, Citing Settlement System Limitations
According to Cryptopolitan, Euronext halted trading of CoinShares' newly launched Zcash ETP (code ZCSH) on the Paris market on October 28, just hours after its listing. An Euronext spokesperson stated that the suspension was due to the central securities depository (CSD) temporarily being unable to support standard settlement operations, rather than any regulatory issue, and the product will resume once settlement conditions are met.
Canada's stablecoin regulatory draft prohibits issuers from paying yields and requires reserves to be held at banks.
According to Cryptopolitan, Canada published a draft stablecoin regulation in the Canada Gazette on October 24, prohibiting issuers from paying direct or indirect returns to holders, including platform activity rewards permitted by some U.S. platforms. The draft requires non-financial institution issuers to register with the Bank of Canada, maintain reserves of high-quality liquid assets in the denomination currency at a 1:1 ratio, be redeemable at par value, and hold reserve assets in banks. Banks, trust companies, and other prudentially regulated institutions are exempt from this issuer framework, and tokenized deposits at these institutions may continue to pay interest and remain eligible for deposit insurance. The draft opens a 60-day consultation period, and the Department of Finance Canada expects the rules to take effect in 2027. The Canadian Banking Association has expressed support for the return ban, while Stablecorp CEO Kesem Frank advocates following the U.S. approach to allow certain rewards.
Tokenized Stock DeFi Deposits Surpass $300 Million, Growing Approximately 25 Times in a Year
As reported by Cryptopolitan, Token Terminal data shows that the deposit volume of tokenized stocks in DeFi protocols has exceeded $300 million, up from $262 million last month and reflecting a 2,451.5% increase from approximately $11.8 million a year ago. The deposits are distributed across 20 issuers and 10 blockchains. The data indicates that the growth was primarily concentrated in the third quarter: starting at $80.1 million at the beginning of the quarter, it rose to $265 million on September 30, marking a quarterly increase of approximately 230%. This timeline aligns with Binance launching bStocks in June and Robinhood Chain going live in July. In terms of on-chain distribution, Solana leads with $102.6 million, accounting for a 34.2% share, with Robinhood Chain and Ethereum ranking second and third respectively. BNB Chain holds $42.8 million, Base holds $24.3 million, and the top five chains combined account for approximately 96%. Regarding issuers, xStocks accounts for over 39%, Robinhood holds $70.8 million, Binance bStocks holds $38.4 million, and Ondo Finance holds $3.4 million.
Tokenized RWAs Surpass $38 Billion, Market Focus Shifts from Listing to Utility
According to Cryptopolitan, the on-chain market size of tokenized real-world assets (RWA) has surpassed $38.6 billion, with over 4.24 million holding addresses. Among these, US Treasuries account for the largest share at over $15.9 billion; commodities $4.9 billion, active strategies $3.6 billion, asset-backed credit $2.56 billion, and tokenized stocks $2.52 billion. In terms of on-chain distribution, Ethereum leads with $17.3 billion, followed by BNB Chain at $5.6 billion, while Solana ranks third with $4.3 billion.
RWA DeFi Deposits Surpass $3.98 Billion, 6x Growth in One Year
According to Cryptopolitan, data from the on-chain data platform DefiLlama shows that as of August 18, the active deposit size of Real World Assets (RWA) in DeFi protocols has reached $3.98 billion, representing an approximately 6-fold increase compared to $651 million a year ago; three years ago, this figure was only $12 million. The current total issuance of tokenized RWA is $34.55 billion, but the actual on-chain utilization rate is only about 11.5%. Of this, private credit accounts for over half of the active total with $2.13 billion, bonds contribute $799 million, and reinsurance contributes $406 million. In contrast, the utilization rate of tokenized treasury bonds is extremely low—BlackRock BUIDL issuance reaches $2.74 billion, but on-chain deployment is only $18 million, with a utilization rate of only 0.66%; Franklin Templeton BENJI utilization rate is zero. Analysis points out that such products are designed specifically for institutional cash management, where holders pursue treasury yields rather than lending capabilities; tokenization only improves settlement efficiency and does not convert them into collateral.
Compound Approves $52 Million Budget for Full Transition to Institutional DeFi
According to Cryptopolitan, DeFi lending protocol Compound approved a record $52 million two-year development budget via DAO voting and completed leadership restructuring, announcing a full pivot to the institutional market. The COMP token subsequently rose over 10% within 24 hours, currently trading at around $18. Regarding the budget, $14 million has been authorized for immediate use, with the remaining funds unlocked in batches based on milestones. In terms of fund allocation, approximately $28 million is designated for operations and R&D for the new version Compound V4, and $24 million for growth, of which $8 million to $10 million is specifically allocated for institutional partnerships. The V4 core adopts a "hub-and-spoke" architecture, centralizing fund scheduling through a central hub to meet higher institutional requirements for risk control. Currently, over 10 partners have confirmed joining, with another 20+ currently in negotiations.
Related news
Euronext Suspends Trading on CoinShares Zcash ETP, Citing Settlement System Limitations
According to Cryptopolitan, Euronext halted trading of CoinShares' newly launched Zcash ETP (code ZCSH) on the Paris market on October 28, just hours after its listing. An Euronext spokesperson stated that the suspension was due to the central securities depository (CSD) temporarily being unable to support standard settlement operations, rather than any regulatory issue, and the product will resume once settlement conditions are met.
Canada's stablecoin regulatory draft prohibits issuers from paying yields and requires reserves to be held at banks.
According to Cryptopolitan, Canada published a draft stablecoin regulation in the Canada Gazette on October 24, prohibiting issuers from paying direct or indirect returns to holders, including platform activity rewards permitted by some U.S. platforms. The draft requires non-financial institution issuers to register with the Bank of Canada, maintain reserves of high-quality liquid assets in the denomination currency at a 1:1 ratio, be redeemable at par value, and hold reserve assets in banks. Banks, trust companies, and other prudentially regulated institutions are exempt from this issuer framework, and tokenized deposits at these institutions may continue to pay interest and remain eligible for deposit insurance. The draft opens a 60-day consultation period, and the Department of Finance Canada expects the rules to take effect in 2027. The Canadian Banking Association has expressed support for the return ban, while Stablecorp CEO Kesem Frank advocates following the U.S. approach to allow certain rewards.
Tokenized Stock DeFi Deposits Surpass $300 Million, Growing Approximately 25 Times in a Year
As reported by Cryptopolitan, Token Terminal data shows that the deposit volume of tokenized stocks in DeFi protocols has exceeded $300 million, up from $262 million last month and reflecting a 2,451.5% increase from approximately $11.8 million a year ago. The deposits are distributed across 20 issuers and 10 blockchains. The data indicates that the growth was primarily concentrated in the third quarter: starting at $80.1 million at the beginning of the quarter, it rose to $265 million on September 30, marking a quarterly increase of approximately 230%. This timeline aligns with Binance launching bStocks in June and Robinhood Chain going live in July. In terms of on-chain distribution, Solana leads with $102.6 million, accounting for a 34.2% share, with Robinhood Chain and Ethereum ranking second and third respectively. BNB Chain holds $42.8 million, Base holds $24.3 million, and the top five chains combined account for approximately 96%. Regarding issuers, xStocks accounts for over 39%, Robinhood holds $70.8 million, Binance bStocks holds $38.4 million, and Ondo Finance holds $3.4 million.
Tokenized RWAs Surpass $38 Billion, Market Focus Shifts from Listing to Utility
According to Cryptopolitan, the on-chain market size of tokenized real-world assets (RWA) has surpassed $38.6 billion, with over 4.24 million holding addresses. Among these, US Treasuries account for the largest share at over $15.9 billion; commodities $4.9 billion, active strategies $3.6 billion, asset-backed credit $2.56 billion, and tokenized stocks $2.52 billion. In terms of on-chain distribution, Ethereum leads with $17.3 billion, followed by BNB Chain at $5.6 billion, while Solana ranks third with $4.3 billion.
AI Lowers Quantum Attack Costs, Bitcoin's Post-Quantum Migration Window Narrows
According to Cryptopolitan, over 100 researchers used AI coding agents to reduce the quantum attack resource score for Bitcoin's secp256k1 elliptic curve point addition subroutine by 86.1% (from 10.75 billion to 1.496 billion). This optimization only targeted a single step within Shor's algorithm and did not crack any private keys or transfer funds; a full-scale attack still requires fault-tolerant quantum hardware that does not yet exist. However, each efficiency gain is compressing the time window for blockchains to complete their post-quantum migration. According to Glassnode data, approximately 6.04 million BTC (30.2% of the circulating supply) currently faces potential quantum risk due to publicly exposed on-chain public keys. Ethereum plans to achieve full quantum resistance before December 2029, while the Bitcoin community faces greater governance challenges, including how to handle approximately 1.7 million dormant coins held in P2PK addresses suspected to belong to Satoshi, which remains unresolved.
Euro stablecoins see a $156 million year-to-date increase, while USD stablecoin supply remains nearly stagnant.
According to Cryptopolitan, the latest data from Token Terminal indicates that the total supply of euro-denominated stablecoins reached $848.1 million on September 7, reflecting a year-to-date growth of approximately 22.6%, or a net increase of around $156 million. During the same period, US dollar stablecoins saw a net increase of merely $159 million; however, their base stands at $298.5 billion, making it 350 times larger than the euro stablecoin market. Regarding market concentration, EURC and EURCV collectively account for 82% of the euro stablecoin supply. EURCV, issued by SG-Forge—a digital asset subsidiary of Société Générale—holds a MiCA-compliant license and represents 19.6% of the market, marking it as the first stablecoin primarily backed by a licensed European bank subsidiary. On-chain distribution shows that Ethereum captured approximately $125 million in new issuances year-to-date, claiming a 69.4% market share, while Solana added around $30 million, securing 14.7%. Combined, these two chains accounted for nearly all annual growth. Conversely, Base witnessed a contraction, declining from $73.9 million to $58.7 million. Analysts point out that the expansion of euro stablecoins is predominantly supply-driven by issuers rather than demand-pulled by users. Liquidity for euro pairs within DeFi lending pools and perpetual contracts remains sparse, indicating that the supply-demand imbalance has yet to be resolved.