Arthur Hayes said money printing could lift crypto prices, while CONNECT Seoul speakers examined Wall Street’s competitive edge onchain. US policymakers could lift cryptocurrency prices by printing more money to support AI and finance government debt, according to Arthur Hayes, chief investment officer at Maelstrom fund. AI companies need trillions of dollars to finance data centers even as the prices of their services fall, Hayes said at a fireside chat at CONNECT by Cointelegraph: Seoul Edition, on Tuesday during Korea Blockchain Week. “They’ve not really given themselves a lot of options other than print money and make it less bad,” he said.
Bitcoin buyers broke through a wall of ask liquidity to reach new October BTC price highs near $87,800, with the area immediately above now a new resistance hurdle. Bitcoin (BTC) neared $87,000 on Friday as BTC short liquidations topped $120 million over 24 hours. Key points: Data from TradingView showed BTC/USD reaching $86,857 on Bitstamp before pulling back below $86,000.
Aave founder Stani Kulechov said Aave v3 was unaffected after an attacker exploited a third-party adapter to drain about $305,000 from two Safe multisig wallets. Aave founder Stani Kulechov said Aave v3 was unaffected by an exploit that drained roughly $305,000 from two Safe multisig wallets through a third-party adapter built on top of the lending protocol. “This is not Aave v3 contract, it’s third party external adapter built on top of Aave, zero effect on Aave v3,” Kulechov said on X. Blockchain security firm SlowMist said the attack targeted a module used to open and close leveraged Aave v3 positions through Safe wallets. The attacker exploited an access-control flaw that allowed a fake Safe contract to pass the adapter’s authorization check.
Porsche is winding down its Web3 project and Pioneers Circle community as trading activity in its 911 NFT collection falls sharply from early levels. Porsche is ending its Web3 project and Pioneers Circle community nearly four years after launching its 911 nonfungible token (NFT) collection. “Today, we are announcing the conclusion of the Porsche Web3 project and Pioneers Circle,” the company said in a post on X. Porsche said the project had expanded beyond its initial technology focus to include community events and other online and offline activities. The automaker said the Porsche 911 NFTs will remain with their holders and continue to exist onchain. Porsche will turn the community’s Discord server into a read-only archive and stop actively updating the project’s X account.
Bitcoin ETFs returned to inflows with $103 million, while Ether funds recorded a third straight day of net outflows. US spot Bitcoin exchange-traded funds (ETFs) flipped back to net inflows on the first trading day of October after their strongest quarter of 2026. Bitcoin ETFs attracted $102.7 million in net inflows on Thursday, following Wednesday’s $148.7 million in net outflows, according to SoSoValue data. Their combined net assets rose to $109.3 billion, while cumulative net inflows reached $57.6 billion. The positive start to the month followed $6.34 billion in third-quarter net inflows, including $2.65 billion in September. Bitcoin rose 42.71% over the quarter.
South Korean crypto exchange operating profits fell 78% in the first half of 2026 as trading volumes, market capitalization and customer deposits declined. South Korean crypto exchanges saw operating profits fall 78% in the first half of 2026 as trading activity, market valuations and customer deposits declined, according to new government data. On Thursday, the Korea Financial Intelligence Unit (KoFIU) said average daily trading volume at domestic virtual asset exchanges fell 44% from the previous six months, while market capitalization dropped 33% and won-denominated deposits fell 35%. Exchange sales declined 41% over the same period, even as the number of accounts eligible to trade rose slightly by 0.4%. KoFIU’s survey covered 26 registered virtual asset service providers, including 17…
South Korea’s financial regulator proposed detailed rules for tokenized securities, including capital requirements, OTC trading licenses and retail investment limits. South Korea’s Financial Services Commission has proposed detailed regulations for issuing and trading tokenized securities as the country’s regulatory framework is set to take effect in February 2027. The changes would allow stocks, bonds, funds and certain fractional investment securities to be issued and circulated in tokenized form. The proposal also introduces requirements for companies issuing and managing tokenized securities. Under the proposed changes, companies issuing tokenized securities while directly managing customer accounts would need at least 4 billion Korean won ($2.8 million) in equity capital and dedicate…
The unauthorized coins were indistinguishable from legitimate ZANO, leaving the team unable to remove them without rolling back the blockchain. Zano revealed that the attacker who exploited its Gateway Address vulnerability over the last month used it to create 36.9 million Zano (ZANO), along with Freedom Dollar (fUSD) tokens, before the decision was made to roll the blockchain back by a month. In a post-mortem published Thursday, Zano said the attacker first exploited the vulnerability on Aug. 29, creating approximately 18.4 million ZANO in a single transaction. The attacker repeated the exploit on Sept. 25, minting another 18.4 million ZANO, before using the same method to create fUSD. The team said a portion entered the Zano ecosystem. “These coins functioned as authentic ZANO and cou…
Node operators running version 26.06.7 or earlier were told to upgrade immediately. The team behind Core Lightning, an open-source node software for the Bitcoin Lightning Network, has urged operators running older versions to upgrade immediately after receiving reports of attackers targeting unpatched nodes. “Urgent security update: If you’re running version 26.06.7 or earlier, please upgrade to the latest release as soon as possible,” the team said on Friday. Core Lightning did not specify which vulnerabilities attackers were targeting or the potential impact. Cointelegraph reached out to Core Lightning for comment.
Ethereum’s zkAPI is now live on mainnet, turning an earlier zero-knowledge API payment proposal into a working implementation for private, prepaid access. The Ethereum Foundation announced on Thursday that zkAPI, a system built with the Open Anonymity Project to let users pay for AI and other API services without revealing their billing identities, has gone live on Ethereum mainnet. Users deposit funds into an Ethereum vault, then use zero-knowledge proofs to prove they have enough credit to pay for API requests without revealing which deposits are theirs, according to a post from Vittorio Rivabella, AI coordinator at the Ethereum Foundation’s dAI team. One of the immediate use cases of the system is paying for the use of AI without linking the payment to a user. zkAPI issues short-lived A…
“We have identified you, sir,” NEAR Intents general manager Alex Shevchenko said on Friday after the protocol was hacked for $3.8 million. NEAR Intents said it has identified the individual behind a security breach that resulted in the loss of $3.8 million in user funds on Thursday, giving them 48 hours to return the funds under “responsible disclosure.” “We have identified you, sir,” NEAR Intents general manager Alex Shevchenko said in an X post on Friday, as he shared three different wallet addresses to receive Bitcoin, BNB and Solana. On Thursday, NEAR Intents paused services after detecting a “bug in the Omni deposit and withdrawal infrastructure interaction with NEAR Intents smart contract.”
Custody requirements have kept some investment advisers from offering certain crypto to clients, a regulatory hurdle the SEC’s proposal could remove. The US securities regulator has proposed easing rules governing how investment advisers and funds hold crypto, potentially clearing a regulatory hurdle that has held some businesses back from offering clients digital asset investments. The proposal, published on Thursday, would let investment advisers hold clients’ crypto assets themselves when no eligible crypto custodian is available, with conditions. It would also allow state trust companies to serve as crypto custodians. “The crypto asset market has grown from a niche curiosity into a multi-trillion-dollar asset class to which investors actively seek exposure. Unfortunately, our rules a…
Singapore’s crypto economy grows 55%, South Korea set to make crypto market makers legal, and Chinese spy ministry warns would-be foreign spies it’s watching the blockchain. CHINA China’s Ministry of State Security has toughened its rhetoric on the risks of cryptocurrencies, highlighting their role in crime and stressing transactions are not really anonymous. According to the South China Morning Post the spooks published an article on social media stating cryptocurrencies are used to facilitate money laundering and cyberattacks and serve as “accomplices” in espionage.
Evernorth expects to begin trading on Nasdaq under the ticker XRPN after its SPAC merger closes, with an XRP treasury worth roughly $710 million at current prices. Evernorth is set to become a publicly traded XRP treasury company after shareholders of blank-check firm Armada Acquisition Corp. II approved their proposed business combination. The deal is expected to close on Oct. 7, with shares of the combined company set to begin trading on Nasdaq under the ticker XRPN the following day, subject to remaining closing conditions. The vote clears a key hurdle after Evernorth filed its Form S-4 registration statement with the US Securities and Exchange Commission in March. The registration statement was declared effective in August, leaving shareholder approval as one of the remaining steps bef…
The president is scheduled to appear at his golf club in Washington, DC, at a Nov. 22 dinner for his top 185 memecoin holders, following similar events in May 2025 and April 2026. The group behind US President Donald Trump’s memecoin announced that he will appear at a third event for his top tokenholders weeks after a report that investors in his crypto ventures had lost a combined $4.7 billion. On Wednesday, the GetTrumpMemes website behind the promotion of the president’s memecoin, Official Trump (TRUMP), announced a Nov. 22 dinner for the “top 185” holders. The event will mark the third time Trump has gathered his memecoin fans for similar events, including a May 2025 dinner for 220 TRUMP holders at the Trump National Golf Club in Washington, DC, and an April 2026 luncheon for 297 guest…
A 50,000-letter campaign is pressing Brussels to rethink stablecoin rewards as EU central banks seek broader changes to MiCA’s stablecoin rules. More than 50,000 Europeans have urged the European Commission to loosen restrictions on stablecoin rewards as part of its review of the bloc’s Markets in Crypto-Assets (MiCA) framework, according to crypto advocacy group Stand With Crypto EU. The campaign came as the Commission closed its MiCA review consultation on Wednesday, with Stand With Crypto EU pushing for regulated stablecoin providers to be allowed to offer incentives including cashback, loyalty benefits and fee reductions. The group said more than 50,000 supporters wrote to the Commission during the consultation, while more than 126,000 people have separately signed its petition calling…
State officials agreed to delay the 0.2% crypto tax for six months after lawsuits and industry pushback claimed the bill was rushed through the legislature. Crypto advocacy organizations behind a lawsuit opposing Illinois’ Digital Asset Tax reported that state officials agreed to delay implementation by six months. In a Thursday filing in the circuit court of Sangamon County, Illinois, the crypto and blockchain advocacy group Digital Chamber said that Illinois would postpone a 0.2% tax on digital assets from Jan. 1 to July 1, 2027. The organization sued Illinois Attorney General Kwame Raoul and the Department of Revenue official David Harris in July, claiming the tax had been “slipped into the state’s budget” without debate or public feedback. “The Parties stipulate that continuing the Tax…
The agreement will allow the two state regulators to share supervisory information, streamline licensing reviews and coordinate examinations and enforcement actions involving digital asset firms. New York and Wyoming financial regulators have signed an agreement to coordinate oversight of crypto companies operating across both states, including licensing, examinations and potential enforcement actions. The Memorandum of Understanding (MOU), announced Thursday by the New York State Department of Financial Services (NYDFS) and the Wyoming Division of Banking, applies to firms already regulated in either state and those seeking approval in both jurisdictions. Under the agreement, the regulators will share analysis and historical examination data to streamline applications, coordinate examinat…
US bond yields fell sharply around Thursday’s Wall Street open as Bitcoin price action sought to preserve a local trend of higher lows. Bitcoin (BTC) pushed above $84,000 around Thursday’s Wall Street open as US bond yields retreated after setting more multidecade highs. Key points: Data from TradingView showed BTC/USD preserving a pattern of higher lows on hourly time frames, up 0.6% on the day.
The platform said it will compensate users affected by the hack, which stemmed from a bug that affected deposits and withdrawals. Cross-chain protocol NEAR Intents reported a security breach that resulted in the loss of $3.8 million in user funds. In a Thursday X post, the protocol said that the incident was the result of a “bug in the Omni deposit and withdrawal infrastructure interaction with NEAR Intents smart contract.” NEAR said that it would compensate users in full for the lost funds, and the “contract-side vulnerability has been patched” to prevent similar attacks. “The incident has been reported to law enforcement, and we are working with security and blockchain analytics partners to trace the funds and pursue recovery,” said the platform. “A detailed report will be shared publicl…
