Author: Tony Pearce
Binance reports stabilising withdrawals after $6.3 billion hack
Reading Time: < 1 minuteBinance customers withdrew $3.64 billion, equivalent to 2.1% of the exchange’s assets, as the platform resumed operations following last week’s $6.3 billion security breach linked to North Korean hackers.
Bank of Korea surveys banks and brokerages on crypto-related risks
Reading Time: < 1 minuteThe Bank of Korea has asked 18 banks and 13 brokerages to assess their exposure to cryptocurrency-related risks, including the potential impact of a major exchange hack, a market crash or losses at another financial institution.
UK regulator secures agreement to stop HTX crypto promotions
Reading Time: < 1 minuteThe UK Financial Conduct Authority (FCA) has secured a court-backed agreement preventing cryptocurrency exchange HTX from knowingly promoting its services unlawfully to UK customers.
French Senate backs automatic exchange of crypto tax data
Reading Time: < 1 minuteFrance’s Senate has approved a bill allowing tax authorities to automatically share information on cryptocurrency transactions with their counterparts in other countries.
Bithumb investigates data leak after internal system breach
Reading Time: < 1 minuteSouth Korean crypto exchange Bithumb is investigating a data leak following a breach of its internal mobile system, Yonhap News Agency reported on Wednesday.
Ripple and Robinhood expand partnership across stablecoins and trading
Reading Time: < 1 minuteRipple and Robinhood have expanded their partnership to bring the RLUSD stablecoin to Robinhood’s retail and institutional customers, while adding treasury management, lending and trading services.
South Korea considers delaying crypto gains tax until 2029
Reading Time: < 1 minuteSouth Korea may postpone its planned tax on cryptocurrency gains for a fourth time, pushing its introduction to 2029, local news outlet Newsis reported.
US regulator urges community banks to issue payment stablecoins
Reading Time: < 1 minuteThe US Office of the Comptroller of the Currency (OCC) has encouraged community banks to enter the payment stablecoin market under its rules implementing the GENIUS Act.
IRS considers lower penalties for voluntary crypto tax disclosures
Reading Time: < 1 minuteThe US Internal Revenue Service (IRS) plans to reduce penalties and speed up its voluntary tax disclosure programme, including for cryptocurrency-related violations, Forbes reported on 23 October.
Netanyahu criticised over proposal to use crypto to bypass sanctions
Reading Time: < 1 minuteIsraeli Prime Minister Benjamin Netanyahu has drawn criticism from economists, political opponents and the Bank of Israel after suggesting cryptocurrency could help the country circumvent potential international sanctions.
US banking lobby criticises OCC over stablecoin rewards rule
Reading Time: < 1 minuteThe American Bankers Association (ABA) has accused US regulators of undermining Congress after the Office of the Comptroller of the Currency (OCC) issued its final rule implementing the GENIUS Act without taking a firm position on third-party stablecoin rewards.
Tether backs Bolivian fintech to expand USDT payments in Latin America
Reading Time: < 1 minuteTether has led a pre-seed funding round in Bolivian fintech Peso to expand its USDT payment infrastructure across Bolivia, Brazil, Colombia and Argentina. The investment amount was not disclosed.
UK watchdog opens consultations on DeFi guidance and crypto rules
Reading Time: < 1 minuteThe UK Financial Conduct Authority (FCA) has opened two consultations covering guidance for decentralised finance (DeFi) businesses and exclusions from cryptoasset regulation following recent legislative changes.
Grayscale expands in-kind transfers to 10 crypto investment products
Reading Time: < 1 minuteGrayscale has expanded in-kind subscriptions to 10 crypto investment products, allowing eligible investors to exchange digital assets directly for shares without first selling them for cash.
JPMorgan forecasts 10% annual Bitcoin returns over the next decade
Reading Time: < 1 minuteJPMorgan Asset Management has issued its first 10-year return forecast for Bitcoin, projecting an annual compounded return of 10%, according to its 2027 Long-Term Capital Market Assumptions report.
Bitwise and Hyperliquid seek clearer SEC rules for crypto tokens
Reading Time: < 1 minuteBitwise Asset Management and the Hyperliquid Policy Center have urged the US Securities and Exchange Commission (SEC) to clarify its proposed crypto regulations, calling for clearer rules on token classifications, airdrops and secondary-market trading.
Revolut wins Gibraltar licence for global crypto expansion
Reading Time: < 1 minuteRevolut has secured a Distributed Ledger Technology (DLT) provider licence from the Gibraltar Financial Services Commission for a newly established entity.
Mastercard rolls out stablecoin risk screening
Reading Time: < 1 minuteMastercard has introduced a tool to help banks and payment providers identify potentially risky stablecoin transactions before funds move onchain.
Sweden reconsiders digital krona as ECB advances digital euro plans
Reading Time: < 1 minuteSweden’s central bank has urged lawmakers to prepare legislation for a potential digital krona, pointing to the European Central Bank’s digital euro plans and growing stablecoin use.
Binance.US seeks $1 billion valuation in potential funding round
Reading Time: < 1 minuteBinance.US is seeking up to $100 million in fresh funding at a potential $1 billion valuation, Bloomberg reported on Thursday, citing people familiar with the matter.
Australia seeks feedback on crypto platform rules ahead of 2027 rollout
Reading Time: < 1 minuteAustralia’s securities regulator has opened a consultation on proposed capital, custody and trading standards for crypto platforms ahead of a wider regulatory rollout in 2027.
VanEck shelves proposed Lido staked Ether ETF
Reading Time: < 1 minuteVanEck has decided not to proceed with its proposed exchange-traded fund holding Lido staked Ether (stETH), according to a filing with the US Securities and Exchange Commission.
Russia clears Sberbank for crypto trading ahead of December launch
Reading Time: < 1 minuteThe regulator’s updated register now lists 10 authorised crypto exchange operators and six digital custodians, including Sberbank and VTB.
Ledger asks resellers to halt sales in Southeast Asia and Hong Kong
Reading Time: < 1 minuteLedger has asked distributors in six Southeast Asian countries and Hong Kong to suspend sales and remove its hardware wallets from shelves while it investigates reports of device tampering.
France considers mandatory disclosure of crypto holdings above €100,000
Reading Time: < 1 minuteFrench lawmakers have backed a proposal requiring individuals to declare self-custodied crypto assets worth €100,000 ($112,000) or more.
Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
TRON 
Figure Heloc 
Hyperliquid