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Bitcoin fell around 1.7% on Monday as stocks pared early gains fueled by hopes of a diplomatic resolution to the US-Iran war. Bitcoin (BTC) returned below $77,000 after Monday’s Wall Street open as crypto shrugged off hopes of a US-Iran peace deal. Key points: Data from TradingView showed BTC/USD extending daily losses to 1.7% after reaching a local high of $78,750 after Sunday’s weekly close.
Brazil’s exchange Mercado Bitcoin paused deposits and withdrawals after a security breach, saying customer funds and data were safe. Mercado Bitcoin, one of Brazil’s largest cryptocurrency exchanges, confirmed a security incident on Monday that blockchain analysts estimated drained more than $46 million from its wallets. Despite the company’s announcement that it had suspended deposits and withdrawals, addresses associated with the incident continued to receive funds for hours afterward. Senior security engineer at Certik, Dickson Wu, published an initial post-mortem of the incident, saying the attackers “picked at eight small chains for four hours,” including Base, Optimism and Arbitrum. The attack then moved to the company’s main hot wallets before transferring tiny amounts of Ether (ETH…
The former mobile games company is building out its fund management business in Abu Dhabi as it targets institutional demand for stablecoins and tokenized assets. Animoca Brands said Monday it had secured approval to manage investment funds for non-retail clients in Abu Dhabi, expanding the asset management business of a company that began in mobile games before moving into blockchain gaming and venture investing. The authorization, granted to subsidiary Animoca Asset Management (AD) Limited by Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA), allows it to oversee funds that pool money from professional investors rather than the general public. The approval announced Monday took effect on Oct. 13, bringing a process that began with in-principle approval in November…
Strategy spent $208.2 million buying back STRC preferred shares and $65.5 million on Bitcoin, while allocating $98.5 million to its USD Cash balance. Michael Saylor’s Strategy spent more than three times as much buying back its STRC preferred shares as it did acquiring Bitcoin last week. Strategy repurchased $208.2 million in STRC and spent about $65.5 million buying 811 Bitcoin (BTC) at an average price of $80,846, according to a Monday 8-K filing with the Securities and Exchange Commission. Strategy sold about 1.18 million MSTR shares for net proceeds of $164 million. About $65.5 million funded its Bitcoin acquisition, while the remaining $98.5 million was allocated to the company’s USD Cash balance, according to the filing. The company held $132.7 million in USD Cash and $4.79 billion i…
Who better to judge a dispute between AI agents than a jury of different AI models? That’s the idea behind GenLayer, which is already issuing thousands of judgements each day. The world is headed towards a future in which AI agents will trade stocks and crypto, shop for your family, and much more. But what happens when a bot misinterprets an instruction to buy $10K of “blue chip stocks” and instead buys $10K of Bluebird-brand frozen chips? Low-level agent disputes like this aren’t suited to the expensive and time-consuming existing legal system. Enter Internet Court, a new protocol that enables agents and humans to enter into contracts, with funds kept in escrow until the terms are judged to have been met. The dispute resolution mechanism baked into the process employs GenLayer, an open, d…
Binance’s SAFU Bitcoin wallet now holds about 7,500 BTC after a 7,499 BTC transfer linked to the hack, with no timeline for restoring the $1 billion fund. Binance’s publicly disclosed emergency Bitcoin wallet held roughly half its previous balance on Monday after the exchange tapped its user protection fund to cover losses from Thursday’s $6.3 billion hack. The exchange confirmed a transfer of 7,499 Bitcoin (BTC) on Saturday, linking it to the partial deployment of its Secure Asset Fund for Users (SAFU). As of Monday, the wallet held about 7,500 BTC, worth $583 million, down from about 15,000 BTC before the transfer.
The watchdog has not named the jurisdictions under review. Initial findings on compliance with its crypto standards are due in June 2027. The Financial Action Task Force (FATF) is launching a targeted review of jurisdictions with significant crypto activity to address gaps in how governments apply global anti-money laundering standards. On Friday, the FATF, an intergovernmental body that sets global standards to combat money laundering, announced that the review would focus primarily on jurisdictions with “materially important” virtual asset service provider (VASP) activity, taking their existing assessment status into account. The watchdog said its regular assessments and follow-up procedures would remain the main tools for evaluating compliance.
Crypto exchange Gate said it froze two linked accounts as US investigators urged platforms to block transactions tied to the $6.3 billion theft. The hackers behind Binance’s $6.3 billion theft have begun converting stolen Solana tokens into Bitcoin after largely emptying the wallets used to launder funds on Tron, according to blockchain investigators. Lookonchain reported Sunday that the hackers had moved 486,970 Solana (SOL) tokens, worth about $46.4 million, and were swapping them for Bitcoin (BTC) through Relay. The activity involves funds that escaped the freezes imposed after Thursday’s theft, the largest in cryptocurrency history. Industry partners, including Tether and Circle, froze about $3 billion in stolen assets, while investigator SomaXBT estimated the attackers still controlle…
Bitcoin lost 7.3% in October 2026 after another decline the previous year, despite the month’s historically strong returns, as analysts reassess seasonal signals. Bitcoin’s back-to-back October losses have put its “Uptober” reputation under the microscope as analysts weigh seasonal trends against institutional demand and economic conditions. Bitcoin fell 7.3% in October 2026, following a roughly 4% decline a year earlier, according to CoinGlass data. The losses defied October’s historically bullish reputation, which earned it the nickname “Uptober.” This year, industry figures turned to darker labels, including “Black October” and “Hacktober,” amid a wave of crypto security incidents, including Binance’s record-breaking $6.3 billion hack.
Trezor cited July’s Coldcard attacks, in which strong passphrases helped protect some users whose wallet recovery information was compromised. Hardware wallet maker Trezor has increased the maximum length of optional wallet passphrases from 50 to 128 characters. On Sunday, Trezor said the change is available in its Trezor Suite with updated device firmware. Older firmware still limits passphrases to 50 characters. According to Trezor, a passphrase acts like an additional password that users set alongside their wallet’s recovery phrase. An attacker who obtains the recovery phrase would still need the correct passphrase to access funds in that wallet.
The HKMA plans to bring regulated stablecoins into tokenized government debt trials, while HSBC says its RedCoin stablecoin has reached 50,000 users. Hong Kong has expanded its Project Ensemble pilot to allow round-the-clock settlement of tokenized transactions, as the city’s monetary regulator prepares to bring regulated stablecoins into trials involving tokenized government debt. On Monday, the Hong Kong Monetary Authority (HKMA) said that it had advanced its EnsembleTX project to a new stage allowing 24/7 real-value transactions. The HKMA said the update would help banks and their clients move funds globally, manage tokenized investments and handle treasury operations outside conventional settlement hours. Participating banks initially settled payments through Hong Kong’s existing dolla…
Bitcoin price action held its 100-day moving average into the monthly close as crypto markets braced for US midterm election and tech earnings volatility. Bitcoin (BTC) held above its 100-day moving average on Monday ahead of US midterm elections, jobs data and earnings from Apple and Palantir. Key points: Tuesday’s US midterm elections will determine control of Congress, with prediction market traders heavily favoring a Democratic victory in the House of Representatives.
OKX led cryptocurrency exchanges with $445 million in daily inflows, while Binance processed about $7 billion in net outflows. OKX recorded about $445 million in 24-hour net inflows, the largest among tracked crypto exchanges, while Binance continued to register outflows after reopening withdrawals following its $6.3 billion hack. Crypto exchange Bybit was in second place with $112 million in net inflows, followed by Gate with $91 million and Bitget with $54 million in 24-hour net inflows, according to DefiLlama. Binance recorded the biggest net outflows among tracked exchanges, with more than $7 billion, up from $5.8 billion earlier Monday. Binance said it began restoring withdrawals in phases at 6:00 a.m. UTC on Sunday.
US spot Bitcoin ETFs ended October with $515 million in net withdrawals, while Ether funds posted a record $1.61 billion in monthly outflows. Investors pulled $643 million from US-listed spot Bitcoin exchange-traded funds (ETFs) on Friday, pushing October’s net flows into negative territory as crypto markets faced volatility following Binance’s $6.3 billion hack. Friday’s withdrawals snapped four consecutive days of inflows, leaving the funds with $515 million in net outflows for October, their first negative month since June, according to SoSoValue. The funds still attracted approximately $361 million in net inflows for the year through October. BlackRock’s iShares Bitcoin Trust (IBIT) led Friday’s outflows with $234 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $20…
BTCPay Server urged operators to shut down their servers after receiving reports of unauthorized attackers draining funds from hot wallets. BTCPay Server has identified an attack vector affecting older versions of its payment software after receiving reports of attackers draining funds from users’ hot wallets. On Monday, the Bitcoin payment platform said its investigation identified an attack vector targeting instances running version 2.4.1 or earlier, which was released July 23, 2026. The project said it had received no credible reports of hot wallet drains among users running its latest release, version 2.4.7 and urged operators to update their installations.
The central bank is surveying 31 financial institutions on how a major exchange shutdown, prolonged crypto downturn or losses at another firm could affect their operations. The Bank of Korea has reportedly asked banks and brokerages about cryptocurrency-related risks, asking how they would be affected by a major exchange hack, a market crash or heavy losses at another financial institution. The central bank began surveying 18 banks and 13 brokerages on Oct. 23 as part of its first reported review of financial institutions’ participation in the virtual asset market, according to The Herald Business and Yonhap, citing financial industry sources. The survey includes questions about each institution’s crypto-related staffing and budgets, business activities and reasons for entering the market,…
THORChain node operators paused swaps involving assets on 10 networks, including Bitcoin, Ethereum, Solana and Tron. THORChain halted swaps across multiple blockchains on Saturday after an Ethereum block reorganization exposed a refund bug, which may have inadvertently slowed the movement of funds stolen from Binance, according to Chainalysis. According to THORChain, the incident began at 11:34 UTC on Saturday, when a one-block reorganization on Ethereum removed a 10 ETH deposit that THORChain had already credited. When the swap failed to meet its price limit, THORChain issued a refund against funds the vault had never received. The sender’s actual deposit was also refunded, resulting in an extra 10 ETH payout, which then triggered an automatic pause. An Ethereum block reorganization, or…
The exchange says withdrawals surged after some services resumed but have since slowed, with the outflows representing a fraction of its roughly $171 billion in customer assets. Binance has recorded $5.8 billion in net outflows over the past 24 hours as customers withdraw funds following the exchange’s record $6.3 billion hack, according to data from DefiLlama. Binance said it began restoring withdrawals at 6:00 UTC on Sunday. By 3:30 UTC, it had processed $4.6 billion in withdrawals against $1 billion in deposits, resulting in net outflows of $3.6 billion. Separate data from DefiLlama showed $5.8 billion in net outflows over the preceding 24 hours, as funds continued leaving the exchange after its initial update.
Binance has reopened withdrawals following the world’s biggest ever hack, and THORChain co-founder argues it should not halt the protocol to comply with FBI demands. Binance has reopened withdrawals for 15 blockchain networks, after $6.3 billion was stolen by North Korean hackers from its hot wallets late last week. Binance said today it had processed around $4.65 billion in withdrawals after reopening and received $1 billion in deposits. Founder Changpeng Zhao said that in the first 12 hours there had only been a 2.1% net outflow and that “98% choose to stay!” DeFi Llama’s Binance wallet tracker shows $4.54 billion in outflows over 24 hours, however its figures may include internal transfers or movements into new hot wallets.
The proposal comes amid intense competition among AI developers, including US companies Anthropic and OpenAI, the SCMP said. Chinese artificial intelligence company DeepSeek has revealed a design to increase the autonomy of AI coding assistants so they can perform multiple tasks with less human intervention. The aim is to reduce human input in coordinating and monitoring multiple AI agents, according to a paper published by the company’s DeepSeek Harness team and reported by Singapore’s South China Morning Post on Sunday. Managing multiple agents demands human attention, the team said, noting that “single-task limits depend on model capabilities, while multitask limits depend on human attention.”
