According to a Circle shareholder, the US president’s “corruption” through USD1 left the company unable to compete with stablecoins, harming USDC. Update (Oct. 22, 10:27 pm UTC): This article has been updated to include a statement from the White House. A shareholder for Circle Internet Financial, the company behind the USDC (USDC) stablecoin, filed a lawsuit against US President Donald Trump, his family’s crypto company World Liberty Financial, affiliate entities, and US Special Envoy to the Middle East Steve Witkoff over a $2 billion deal between a foreign government entity and Binance. In a Thursday filing in the US District Court for the District of Columbia, Circle shareholder J. Benjamin Greenberg alleged that Trump, Witkoff and World Liberty caused harm to Circle by creating a pathw…
The new service aims to bring onchain trading data into institutional financial systems as tokenized stock markets expand and face growing scrutiny. Blockchain analytics platform Dune has launched real-time market data feeds covering more than 200 onchain trading venues, aiming to bring decentralized market activity into the trading systems used by traditional financial institutions. The new service provides trade data from 12 blockchains, including Ethereum, Solana, Base and XLayer, roughly one second after execution, according to a Thursday announcement. The feeds cover spot trading across decentralized exchanges, as well as perpetual futures trading on Hyperliquid and Lighter, with standardized data on prices, trade sizes and transaction details across markets.
While crypto-aligned PACs have stepped up spending in Ohio, a committee launched by the co-founders of crypto exchange Gemini made one of its first forays into the Lone Star State. Digital Freedom Fund, the Super political action committee (PAC) launched by Gemini co-founders Cameron and Tyler Winklevoss in 2025, announced additional expenditures for US Senate races in the 2026 midterm elections, attempting to influence voters in Texas, Iowa and Ohio. In a Tuesday filing with the US Federal Election Commission (FEC), the Digital Freedom Fund reported its first spending on ads to support Republican candidate Ken Paxton for one of Texas’ Senate seats. According to the PAC, it had spent more than $81,000 on direct mail media to support Paxton and oppose Democratic candidate James Talarico, wi…
The new funding option, expected to launch later this year, will allow eligible Underdog users to deposit digital assets around the clock. Prediction market operator Underdog has partnered with crypto infrastructure provider zerohash to introduce cryptocurrency and stablecoin deposits, with the new funding option expected to launch later this year. Eligible users will be able to fund their accounts directly through the Underdog app using supported digital assets, with the service designed to enable near-instant transfers around the clock, according to a Thursday announcement. Underdog did not specify which cryptocurrencies or stablecoins would be supported and did not respond to Cointelegraph’s request for clarification before publication.
According to BlocksBridge, Bitcoin’s mining difficulty is rising despite the industry’s AI transition, with smaller operators potentially absorbing equipment abandoned by larger competitors. Bitcoin’s network hashrate has climbed to a seven-month high despite major publicly traded miners shifting capacity toward artificial intelligence, suggesting other operators are replacing lost computing power and intensifying competition among remaining network miners. According to BlocksBridge Consulting’s latest Miner Weekly newsletter, Bitcoin’s seven-day average hashrate has recovered above 1 zettahash per second (ZH/s), equivalent to 1,000 exahashes per second (EH/s), its highest level since March 3. Hashrate measures the computing power securing the Bitcoin network. The recovery suggests that mi…
According to the Central Bank of Ireland, Coinbase Ireland had agreed with the facts around the enforcement action and will be subject to fines and sanctions upon approval by a high court. The Central Bank of Ireland announced an enforcement action against Coinbase Ireland for failures to safeguard user funds and provide oversight between 2020 and 2025. In a Thursday notice, the regulator said that the Coinbase arm had “admitted the prescribed contraventions and has agreed to the undisputed facts,” settling for $3.6 million in fines. The notice said that Coinbase Ireland had violated regulations related to oversight and safeguarding of customer funds and improperly relied on the exchange’s US company to outsource certain services. The company’s user agreement currently states: “We use a v…
Bitcoin extended daily losses to 3% as US stocks came under pressure from President Donald Trump’s comments on Iran military action. Bitcoin (BTC) stayed below $82,000 around Thursday’s Wall Street open as Iran war headlines returned to pressure risk assets. Key points: Data from TradingView showed BTC/USD hitting $81,256 on Bitstamp, down 2.9% on the day.
Fireblocks told Cointelegraph that reports of a potential $2.5 billion acquisition by Visa are “not true at present time,” while Visa declined to comment on the reported talks. Crypto custody and infrastructure provider Fireblocks is disputing a report that payments giant Visa is in late-stage talks to acquire the company for about $2.5 billion. “We are aware of the rumors about a possible acquisition of Fireblocks by Visa. This is news to us, and not true at present time,” a Fireblocks spokesperson told Cointelegraph on Thursday. Axios reported Thursday, citing multiple sources, that the payment giant was in advanced discussions to acquire Fireblocks for approximately $2.5 billion.
Public miners backed by major TradFi players are coming back online, boosting Bitcoin’s hashrate, a positive sign for BTC’s fundamentals, according to CryptoQuant’s Ki Young Ju. Bitcoin’s rising hashrate represents an “indirect bullish signal” from institutional investors that are backing several public Bitcoin miners, according to analytics platform CryptoQuant’s founder and CEO, Ki Young Ju. “Higher hashrate means stronger security and better fundamentals as a store of value,” wrote Ju in a Thursday X post, adding that he sees this as a bullish signal since public miners are largely backed by traditional finance (TradFi) institutions. Hashrate is a measure of the computational power of a blockchain network, indicating how many hash calculations are performed per second.
Thailand’s SEC says several asset managers have sought consultations on spot crypto ETFs, but it cannot confirm whether the first funds will launch in 2026. Thailand’s new spot cryptocurrency exchange-traded fund (ETF) framework is attracting interest from asset managers, but the regulator has yet to receive its first application. Several asset management companies have approached Thailand’s Securities and Exchange Commission (SEC) for consultations about launching crypto ETFs, the regulator told Cointelegraph in a statement Thursday. “However, no asset management company has yet submitted an application for approval to establish a crypto ETF,” the SEC said, without identifying the companies involved.
SoFi Bank launched SoFi Earn, a tokenized deposit paying 4.40% APY with FDIC coverage, allowing users to convert funds to stablecoins 24/7. SoFi Technologies launched SoFi Earn (SOFIE) on Thursday, offering a variable 4.4% annual percentage yield on tokenized bank deposits. SOFIE has no minimum balance requirement, according to the company’s announcement. Each SOFIE represents $1 deposited at SoFi Bank. Customers can convert it one-for-one into SoFiUSD, the bank’s dollar-pegged stablecoin, to buy crypto in its app or send funds to supported external wallets. SOFIE deposits qualify for Federal Deposit Insurance Corporation coverage up to $250,000 per depositor, per insured bank, for each account ownership category. SoFiUSD carries no FDIC insurance.
DWF Labs research finds that Bitcoin ETF flows follow past BTC price movements rather than predict future returns, with investors buying rallies and selling dips. US spot Bitcoin exchange-traded fund (ETF) daily flows aren’t reliable guides to BTC’s next move as investors tend to chase rallies and sell into slumps, according to DWF Labs. In a research report published Thursday, DWF found that investors pulled money from the funds during seven of the eight times Bitcoin’s price dropped at least 15%. All nine rallies of that size drew net inflows. The analysis reviewed 694 trading days dating back to January 2024, when Bitcoin ETFs first launched in the US. “ETF flows confirm moves; they don’t predict them,” DWF said in its report. “The evidence points mostly to investors reacting to price,…
The UK’s 2027 crypto rules risk a de facto ban on regulated firms providing access to DeFi, argues Coinbase’s European policy head Katie Harries. Opinion by Katie Harries, head of policy, Europe, Coinbase The United Kingdom is approaching a choice that could define its financial future: should decentralized finance (DeFi) be allowed to develop through regulated gateways or will it be constrained to a silo? This is not just relevant to crypto enthusiasts; it goes to the future of capital markets, the competitiveness of the City and the UK’s ability to shape the next generation of financial infrastructure.
CoinDCX tied the transfers to wallets compromised in July 2025, but investigators said the addresses remained linked to its operations. Indian cryptocurrency exchange CoinDCX denied a new security breach after analysts flagged suspicious transfers, but investigators questioned its claim that it stopped using the wallets after a July 2025 hack. The flagged transactions involved old wallets created in January 2025, which were “compromised in July 2025” and have not been used by the exchange since, CoinDCX said Thursday on X. Blockchain investigator ZachXBT challenged that account, saying a CoinDCX deposit address remained in use by a liquidity provider for 10 months after the July 2025 incident. He said the address continued transferring user deposits to CoinDCX’s current public hot wallet a…
Bitcoin reversed a run toward $85,000 after Tesla reported lower-than-expected capital expenditure in Q3. Bitcoin (BTC) fell nearly 3% on Thursday after an attempt to break higher was rejected near $85,000. Key points:
StarkWare plans to release a draft whitepaper in November as it explores an independent, quantum-resistant blockchain. Starknet’s community has voted to support research into becoming an independent, post-quantum layer-1 blockchain. The network’s potential departure from Ethereum gained overwhelming support. The governance vote that ran for seven days closed on Thursday. The poll drew about 3,200 votes, with 93.52% of voting power in favor of the transition. The non-binding poll recorded the highest participation in Starknet’s governance history, according to StarkWare, which said it abstained from voting to leave the decision to the community.
Cloudflare’s Matthew Prince said the network saw thousands of exploit attempts even before the PHP vulnerability was publicly disclosed. Cloudflare’s CEO Matthew Prince warned that the network saw millions of exploit attempts after two critical PHP vulnerabilities were publicly revealed. In the 10 hours before the vulnerabilities’ disclosure, the network saw thousands of exploit attempts, which have now reached “millions,” Prince said in a Thursday X post. Cloudflare is an internet infrastructure company that helps websites load faster and protects them from cyberattacks. About one in five websites worldwide routes traffic through its network, according to the company.
US spot Bitcoin ETFs drew $1.08 billion over three trading sessions to push October flows back above water. US spot Bitcoin exchange-traded funds (ETFs) attracted $528 million in net inflows on Wednesday as Bitcoin briefly surged above $84,700 before retreating. The funds extended their inflow streak to three sessions, adding $23 million on Tuesday and $526.6 million on Monday, according to SoSoValue data. The three sessions drew in a combined $1.08 billion. Wednesday’s inflows brought October’s net inflows to approximately $461 million, while year-to-date net inflows reached $1.34 billion.
“Plenty will be ponzis. Plenty will get exploited. Plenty will insta die. There will be ridiculous gains, and people will get absolutely f***ing rinsed,” says Illuvium co-founder Kieran Warwick. AI could unleash a flood of short-lived crypto “meme games,” attracting the same speculative traders who helped push memecoins to record highs in late 2024, according to Illuvium co-founder Kieran Warwick. Speculative crypto games such as Wolf Game and Fishing Frenzy, where players compete for financial rewards, once took months to develop. But Warwick says AI tools have reduced the time and cost of creating similar games to just days and around $1,000. He predicts as many as 100,000 such games could launch within a year, with many designed to survive for only a few days — long enough for their c…
Government websites and online services were disrupted after concerns about a PHP bug that could allow attackers to take control of vulnerable servers. The PHP Foundation has acknowledged that indecision and a shortage of resources delayed a fix for a critical security flaw first identified in 2024, calling the stalled response a “structural failure.” Government agencies and other organizations worldwide took websites offline Wednesday as a precaution while PHP released emergency patches for two related critical vulnerabilities. The flaws could allow unauthenticated attackers to execute code on affected servers without logging in. PHP is a programming language widely used to power websites and web applications, including content management systems.
