At least two industry-aligned PACs have poured more than $52 million into opposing Sherrod Brown’s return to the Senate. Affiliates of the Fairshake political action committee (PAC), largely funded by Coinbase and Ripple Labs, have increased their initially announced expenditures by more than 50% in what could be a key race for control of Congress in 2026. According to Thursday filings with the Federal Election Commission (FEC), the Fairshake affiliate Defend American Jobs — a group that supports Republican candidates in primaries and elections — spent $46.6 million on media opposing former lawmaker Sherrod Brown and supporting Republican incumbent Jon Husted in Ohio’s Senate race for the 2026 midterms. The spending marked a sharp increase over what Fairshake said in September it initially…
Borderless.xyz data shows major savings on cross-border business payments, with stablecoin transfers also settling faster than traditional international bank wires. Stablecoin-funded remittances continue to offer substantial cost savings over traditional money transfers, particularly in emerging markets, reinforcing one of the leading use cases for digital dollars as payment activity grows. According to a new third-quarter report from Borderless.xyz, a stablecoin payments network, sending a $200 remittance through stablecoin-funded payment rails costs a median of 1%, or $2, compared with 6.36%, or $12.72, for traditional remittances, based on World Bank data. The difference makes stablecoin-funded remittances roughly 84% cheaper, although the comparison uses Borderless’s third-quarter 2026…
Tokenized stocks are drawing trading activity beyond Wall Street hours, while Bitcoin miners confront costly AI expansion and new accounting rules could benefit stablecoins. Tokenization is beginning to reshape traditional financial markets, with stocks increasingly in focus. Much of the attention has centered on the $3.3 billion in tokenized equities now onchain, according to RWA.xyz, but one of the biggest innovations may be what happens before Wall Street opens and after it closes. According to the latest industry data, more than 70% of tokenized stock trading volume on BNB Chain now occurs outside regular US market hours, with similar patterns emerging on Solana and Base. Tokenized equities allow investors to trade US stocks across time zones without waiting for Wall Street’s opening b…
Bitcoin held above $80,000 as South Korean tech stocks recovered from a sell-off and traders lowered their expectations for a Federal Reserve interest-rate hike. Bitcoin (BTC) traded near $82,000 around Friday’s Wall Street open as crypto markets stabilized alongside a rebound in South Korean stocks. Key points: Data from TradingView showed BTC/USD holding most of its reclaimed ground after bouncing at $80,000 on Thursday.
Strategy conditionally declared daily dividends on STRC, which continued to hover below its $100 par value. Michael Saylor’s Strategy, the largest corporate Bitcoin holder, declared daily dividends on its STRC preferred stock for November, subject to shareholder approval and related amendments taking effect. The company’s board declared cash dividends for each calendar day from Nov. 1 to Nov. 30, with payments beginning Nov. 2. Each dividend will be payable on the business day following its record date, according to a Form 8-K filing with the Securities and Exchange Commission. STRC’s annualized dividend rate would remain at 12% for November. Strategy said management would keep recommending that rate until the stock demonstrates “sustained, healthy trading near $100 per share.”
Ledger was contacted about tampered hardware wallets risks months before its latest security crisis, with former Mt. Gox CEO Mark Karpelès questioning its response. French hardware wallet maker Ledger received multiple reports of malicious hardware implants months before its latest security crisis, according to Mark Karpelès, former CEO of the collapsed Bitcoin exchange Mt. Gox. Karpelès told Cointelegraph he was aware of at least two people who contacted Ledger about tampered devices dating back to December 2025. Karpelès said he hasn’t encountered any public warning Ledger issued in response. Joe Grand, a security researcher, told Cointelegraph he alerted Ledger on March 4, 2026, about a malicious implant in a Nano X purchased through online marketplace Lazada Thailand in August 2025.
Germany’s largest bank reportedly plans to expand its digital asset custody services to Asian financial centers due to the growth of the digital asset economy. Deutsche Bank reportedly intends to debut its crypto custody services in Germany and plans to expand them across Asian financial centers in 2027. The rapid growth of the digital asset economy, including hundreds of billions of dollars held in stablecoins, is driving the bank’s plans, Gerald Podobnik, co-head of Deutsche Bank’s corporate bank, told Reuters in a Friday report. Podobnik added that the move is part of Deutsche Bank’s goals to achieve compound annual growth of 8% in corporate banking by 2028.
Solana Foundation President Lily Liu said registrations quadrupled overnight, exceeding the attendance limit registered with local authorities. The Solana Accelerate event in Shanghai was postponed after pre-registration exceeded the event cap set by local authorities, according to Lily Liu, president of the Solana Foundation. Event registration quadrupled overnight following publicity for the event, Liu wrote in a Friday X post, adding that organizers decided to postpone the event to “comply with local requirements.” Earlier on Friday, X users claimed that the event was “abruptly suspended” as law enforcement officers were stationed at the venue.
Panelists at Cointelegraph’s Singapore CONNECT event explored opportunities in tokenized markets, the future of everyday stablecoin payments and the evolving landscape for crypto investors. Tokenized assets are opening new trading opportunities across financial markets, but the growing supply of real-world assets (RWAs) being brought onchain has yet to be matched by investor demand, according to Alex Taaffe, chief revenue officer at crypto trading firm GSR. Speaking during on a panel on liquidity and market fragmentation at CONNECT by Cointelegraph: Singapore Edition on Oct. 9, Taaffe said liquidity is improving in trading for pre-IPO stocks, commodities and global equities that investors previously had limited access to. However, he said demand for fully tokenized RWAs has not kept pace w…
Bitcoin’s market cycle signals tool showed BTC price action copying history, possibly preparing to reclaim a key moving average before testing new highs. Bitcoin is attempting to break through an “inflection frontier” that has historically triggered runs to new macro highs. Key points: Data from onchain analytics platform CryptoQuant reveals that BTC/USD has begun a fresh battle with its 20-month simple moving average (SMA).
Europe’s second-largest Bitcoin treasury raised $30 million and increased its Bitcoin holdings by 11% in the first half of 2026, despite reporting a $75 million Bitcoin impairment loss. France-listed Bitcoin treasury company Capital B reported a net loss of 69.5 million euro ($78 million) for the first half of 2026, driven by a Bitcoin impairment charge of $75.8 million. The impairment reflected Bitcoin (BTC) prices as of June 30 and had no direct cash impact, according to the company’s first-half 2026 report, published Thursday. Still, Capital B’s consolidated revenue rose 3.5% year-over-year to $6.5 million, while adjusted EBITDA was negative $1.2 million. EBITDA measures a company’s earnings before interest, taxes, depreciation and amortization.
Judge ruled changes in CFTC enforcement priorities and allegations of misconduct by its enforcement division were insufficient to overturn Gemini’s January 2025 settlement. A US federal judge has rejected a joint request by crypto exchange Gemini and the Commodity Futures Trading Commission (CFTC) to overturn a $5 million settlement, despite the regulator’s conclusion that it would not have pursued the case under current enforcement standards. On Thursday, US District Judge Alvin Hellerstein ruled that changes in CFTC enforcement priorities and allegations of misconduct by its enforcement division did not justify overturning the January 2025 settlement. On May 27, the CFTC and Gemini jointly asked the court to overturn the settlement after an internal agency review found alleged misconduc…
An OpenAI research model checked 362 wallet addresses, questioned whether using the funds was ethical and proceeded with a transaction it later omitted from its final task summary. An internal research model at OpenAI accessed a funded crypto wallet without authorization, using testnet Ether to deploy smart contracts on the Sepolia network and later omitting the spending from its final task summary. OpenAI said the model, which was part of its GPT-5.6 Sol family, was given the task of updating a crypto trading prototype and deploying compatible contracts. After failing to obtain testnet ETH through faucets, the model derived accounts from publicly known developer recovery phrases, checked 362 wallet addresses and selected one with enough funds to proceed. In its recorded reasoning, the m…
Network School founder Balaji Srinivasan wants to turn Farcaster into a haven for well-mannered techno-optimists. He had to do a bit of housekeeping first. Balaji Srinivasan’s Network School has begun its reign over the decentralized social platform Farcaster. Its first order of business? An apparent wave of bans that has prompted backlash from members of the decentralized social network. Network School on Thursday announced it has acquired Farcaster from Neynar, rebranding it as the Network State Protocol. The same day, several users said on X that their Farcaster accounts had been restricted to “read-only,” as a result of previous posts that broke its new rules. “I know most of these folks. They shaped Farcaster with their quirks and wit,” said Kunal Gandhi, former India ecosystem lead…
Strategy, Metaplanet and Upexi were previously identified for deletion under the methodology, with MSCI set to announce its final list on Nov. 11. Index provider MSCI has adopted new rules that could lead to Strategy, Metaplanet and Upexi being removed from its global indexes, while leaving several other crypto treasury companies facing potential exclusion. MSCI said Thursday it will adopt a methodology proposed in August that would make “non-operating companies” ineligible for inclusion in the MSCI Global Investable Market Indexes. MSCI previously identified Strategy (MSTR) among the companies that would be deleted from the indexes under the “non-operating companies methodology.” Sharplink, Inc (SBET), Ton Strategy Company (TONX), Solana Company (HSDT) and DeFi Development Corp. (DFDV)…
Australia is among 77 jurisdictions committed to adopting CARF, with its first international exchanges of crypto tax data expected in 2028. Australia has released draft legislation that would enable the automatic exchange of crypto tax information between countries. The draft bill, Treasury Laws Amendment Bill 2026: Tax information reporting, is open to comment until Oct. 28. It would establish a framework to implement the Organisation for Economic Co-operation and Development (OECD) Crypto-Asset Reporting Framework (CARF) in Australian law and introduce a domestic crypto reporting regime, according to the Australian Treasury. Australia first signaled its intention to implement CARF in November 2023 and consulted on its proposed approach in late 2024. The government subsequently announce…
A scammer reportedly lost $4.8M of stolen money after storing the funds on tampered Ledgers. Bitcoin and Ether ETFs launch trading in Thailand and South Korea blocks 27 exchanges. Ledger was forced to suspend its reseller network across South East Asia this week, after thieves stole more than $103.4 million from 530 addresses via tampered Ledgers inserted into the supply chain. But in a small measure of poetic justice, one of the “victims” was a scammer themselves according to Chainalysis. The blockchain monitoring firm reports that the scammer lost 60 Bitcoin, worth about $4.8 million, from three newly purchased Ledgers containing spyware that records seed phrases. The Ledger thieves drained all three of their funds into the same wallet. In a further irony, the scammer had operated a “tas…
The crypto exchange was reportedly looking to use the additional funding to regain market share following Binance’s 2023 settlement with US authorities. Binance.US is reportedly seeking to raise up to $100 million in a funding round that could value the cryptocurrency exchange at $1 billion. According to a Thursday Bloomberg report, the US-based crypto exchange is pursuing private investment as it looks to expand its business. The potential $1 billion valuation would be well below the $4.5 billion pre-money valuation it secured in 2022, when it raised $200 million in seed funding. Binance.US reportedly informed World Liberty Financial, the crypto platform co-founded by US President Donald Trump and his sons, about the funding round, but the company will not be participating. Last year, Bin…
The Wall Street Journal reported that a company co-founded by Bo Hines benefited from the passage of the GENIUS stablecoin bill. Bo Hines, previously a crypto adviser to US President Donald Trump who later joined stablecoin issuer Tether, reportedly kept a stake in a company that profited from the passage of a stablecoin bill when he was still at the White House. According to a Wednesday report from The Wall Street Journal, Hines had a one-third stake in the investment company he co-founded, Nxum, while pushing US lawmakers to pass the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS, Act. The legislation reportedly came amid Nxum receiving $6.3 million as part of a deal with stablecoin issuer Tether, behind the USDt (USDT) token, with the first payment going thro…
Sweden’s Riksbank has recommended that lawmakers prepare for a possible digital krona, citing concerns over foreign-currency stablecoins and the future of domestic payments. Sweden’s central bank is revisiting the possibility of introducing a digital krona, citing the European Central Bank’s (ECB) progress toward a digital euro and the growing use of stablecoins as reasons to reconsider a central bank digital currency (CBDC). In an Oct. 7 letter to parliament’s Finance Committee, published Thursday, the Riksbank urged lawmakers to begin preparing legislation for a potential digital krona, three years after a government inquiry concluded there was insufficient need for one. The letter pointed to the ECB’s planned digital euro pilot in 2027 and a potential public launch in 2029. According to…
