Witt’s departure leaves a leadership gap at the White House Crypto Council and marks the fourth high-profile exit from the advisory group. Patrick Witt, the executive director of the White House’s Crypto Council, is leaving his current role for a new opportunity in the private sector. “Serving in this administration has been the privilege of a lifetime,” wrote Witt in a Thursday X post, adding that he looks forward to continuing to support US technological advancements “in the private sector.” Witt served as the White House’s leading advisor on the Digital Asset Market Clarity Act, would have created the first comprehensive US regulatory framework for the crypto market. The US Senate failed to pass a cloture motion on the legislation in September and further progress this session is unlikely. Read more
Starknet is asking STRK holders whether to explore becoming an independent layer-1 blockchain to reduce its dependence on Ethereum’s quantum-security upgrade timeline. Ethereum layer-2 network Starknet has opened a non-binding vote asking STRK holders whether it should explore becoming an independent, post-quantum layer-1 blockchain. On Thursday, Starknet opened a seven-day poll, which offers three options: support further research, oppose it, or remain neutral pending more information. Voting closes on Oct. 22, with results published afterwards. A “Yes” vote would signal support for further research, not authorize a transition. Further proposals and governance votes would be required, and no timetable for becoming an L1 has been announced. Read more
Compromised suppliers, developer tools and infrastructure components outside security audits drove about 77% of the quarter’s total losses, according to Hacken. Cryptocurrency hacks soared to $1.18 billion across 107 recorded incidents in the third quarter of 2026, according to security company Hacken. Hacken’s Q3 report attributed 77% (about $906 million) to compromised suppliers or developer tools, publicly disclosed fixes that had not been deployed, or other components outside security reviews. The four largest incidents included the $387 million Bitget hack, the $320 million Liquid Network exploit, the $120 million Tectonic exploit, and the Coldcard firmware vulnerability, associated with an estimated $115 million in losses. Read more
Bitcoin price action continued to see contagion from a Korean tech sell-off after the KOSPI Index fell 7.5% on Thursday. Bitcoin (BTC) fell to its lowest levels in over three weeks on Thursday as crypto tracked fresh losses on South Korean stock markets. Key points: Data from TradingView showed BTC/USD hitting $80,154 on Bitstamp, a level last seen on Sept. 20. Read more
Thailand’s new Bitcoin and Ether ETF rules take effect Friday, but CoinShares expects modest initial inflows as existing investment options compete for demand. Thailand’s first crypto exchange-traded funds (ETFs) may get off to a slow start despite Bangkok’s efforts to expand access to regulated digital asset investments. “I would expect modest inflows initially, with tens of millions of US dollars across the first products a more realistic starting expectation than billions,” James Butterfill, head of research at digital asset investment firm CoinShares, told Cointelegraph. The country opens a new route for crypto exposure on Friday as its rules for Bitcoin (BTC) and Ether (ETH) ETFs to list on the Stock Exchange of Thailand take effect. Read more