Bitcoin HODL waves data revealed an unusually muted reaction to Bitcoin’s drop below $58,000, raising questions over its status as a bear-market floor. Bitcoin (BTC) buyers avoided “buying the dip” as BTC price fell to $57,800 in July, analysis reports. Key points: Read more
The bank expects Sky to pass five times as much value to token holders by 2028 as USDS adoption and borrowing capacity continue to expand. Standard Chartered initiated coverage of Sky’s SKY token with a $0.325 price target for the end of 2028, up fivefold from the $0.065 price cited in a Friday report shared with Cointelegraph. Geoff Kendrick, the bank’s global head of digital assets research, likened Sky, a decentralized finance (DeFi) platform formerly known as MakerDAO, to a “federal bank” because it issues stablecoins, creates a governance framework and charges borrowers a wholesale interest rate. Kendrick wrote that Sky returns value to token holders primarily through staking rewards, with token buybacks accounting for a smaller share. Read more
SEBI said later phases of Demat 2.0 will introduce secondary trading and open the tokenized bonds to retail investors. India’s securities regulator and central bank have launched a tokenized corporate bond pilot, with three companies issuing a combined 10.25 billion rupees (about $107 million) through the new market infrastructure. On Thursday, the Securities and Exchange Board of India (SEBI) said Demat 2.0 allows corporate bonds to be issued and held as digital tokens on a distributed ledger owned by the country’s statutory depositories. The system connects to the Reserve Bank of India’s (RBI) wholesale central bank digital currency (CBDC) through its Unified Market Interface. The first issuance came from public-sector lender REC, which raised 5 billion rupees from 18 investors on Monday. Engineering conglomerate Larsen & Toubro (L&T) raised another 5 billion rupees from four investors on Wednesday, while non-bank lender IIFL issued 250 million rupees in bonds to one investor on the same day. Read mor...
A Russian-speaking operator targeted more than 20 organizations, while a Mali consultant used Claude to build a mass-surveillance platform. Russian- and Chinese-speaking operators used Anthropic’s Claude to automate cyberattacks, the company said in a Thursday report. Russian-speaking operator “JackPoterz” used customized AI-driven workflows to automate large parts of the attack chain, targeting more than 20 organizations, including government ministries and intelligence bodies. The actor also targeted embassies and diplomatic missions in Ukraine and Europe. Chinese-speaking operators also used Claude as an engineering and orchestration layer for vulnerability research, with one workflow producing more than a dozen possible zero-day findings in network-appliance firmware in one month. Read more
Blockstream said it would work with law enforcement, exchanges and forensic specialists to recover the Bitcoin if the hackers do not return it. Bitcoin infrastructure company Blockstream said it will not pay a ransom to recover funds still held by the Liquid Network hackers. “Taking assets without authorization and withholding their return is a crime, not responsible disclosure,” Blockstream said Friday. “It is not white-hat activity. It is theft.” The company said it had engaged with the hackers in good faith to recover user funds but would not accept their demands. Read more
BWOW held about $688,000 in net assets as of Sept. 9. Trading is expected to end Oct. 14, with cash payouts to follow around Oct. 22. Bitwise plans to liquidate its Dogecoin exchange-traded fund (ETF) in October, less than a year after launching the product. The asset manager said Thursday that it was closing the Bitwise Dogecoin ETF (BWOW) to “optimize its product range to meet evolving investor needs.” BWOW had about $688,000 in net assets as of Sept. 9, according to Bitwise’s fund data. The company announced its launch on Nov. 25, 2025. Read more