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Crypto news: Bitcoin, markets, regulation, exchanges and the projects behind them.
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Ledger has confirmed that every verified case in last week's suspected $86 million wallet-draining incident involves devices sold through Southeast Asian reseller CryptoBilis, which has stopped selling hardware wallets while the Paris-based manufacturer works with authorities and faces unofficial claims of tampered devices in Europe.
One year after a flash crash that wiped out $19 billion in leveraged crypto positions on Oct. 10, 2025, the cryptocurrency market has introduced better tools for traders to spot risks, but the structural forces behind the selloff remain unchanged, according to market observers.
Developers have patched a critical vulnerability in the XRP Ledger that, if exploited, could have allowed an attacker to create billions of dollars worth of XRP out of thin air. The bug, discovered by researchers and reported by CoinDesk, was present for over a decade.
Robinhood Chain, the fintech firm's blockchain-based network, is experiencing a sharp slowdown in activity, with daily transactions falling more than 40% from 10.8 million to 6.2 million since mid-September, even as Robinhood continues to pay network fees on customer swaps.
Ledger is investigating reports that customers lost funds totalling nearly $90 million after purchasing devices from CryptoBilis, an authorised reseller in Southeast Asia, as Tether moves to freeze USDT stablecoin linked to the incident.
New York Attorney General Letitia James has reached a settlement with Alex Mashinsky, founder and former CEO of the collapsed crypto lender Celsius, securing up to $35 million and a permanent ban from the securities and crypto industries.
Crypto gains on Oct. 9 were underpinned by a pledge from Donald Trump on Iran, while traders holding bearish bitcoin positions faced liquidation pressure as prices moved against them, according to CoinDesk's day-ahead markets report.
Subsidiaries of crypto market maker DWF Labs have launched legal action against custody firm BitGo, seeking $141 million over an alleged breach of a token lock-up agreement. DWF is claiming $114 million in damages, saying BitGo's token sales caused direct losses through a fall in the tokens' prices.
The United Kingdom has imposed sanctions on three cryptocurrency exchanges and two payment services, alleging they helped Russia evade financial sanctions, with two of the platforms handling transactions linked to the Kremlin-backed A7 network.
The UK government has imposed sanctions on three cryptocurrency exchanges and two payment platforms accused of helping Russian entities bypass financial restrictions, the Foreign, Commonwealth & Development Office announced.
A Virginia man who operated a dark web drug marketplace that facilitated millions of drug transactions worth roughly $430 million has been sentenced to 40 years in prison and ordered to forfeit approximately $101 million in bitcoin, the U.S. Department of Justice announced. His co-conspirator also forfeited nearly 1,600 bitcoin.
Europe's markets watchdog has told crypto firms operating under the EU's Markets in Crypto-Assets regulation (MiCA) to resolve their clients' exposure to non-compliant stablecoins within three months, under an opinion published Oct. 8 that tightens the bloc's enforcement of its stablecoin rules.
Layer-1 blockchain Sui is launching Hashi, an institutional lending protocol that lets bitcoin holders borrow against their bitcoin without moving it off the Bitcoin network, with US$500 million in commitments at debut, according to a CoinDesk report on Oct 9.
Coinbase plans to introduce spot borrowing with up to 10x leverage, letting eligible traders borrow against collateral to buy crypto on spot markets, but ordinary US retail customers will be excluded from the service, the exchange announced on October 7.
Cryptocurrency markets experienced another wave of heavy selling on Thursday, with nearly $483 million in bitcoin and ether futures positions liquidated in 24 hours as uncertainty over the Federal Reserve's next interest-rate decision weighed on prices. Ether traders were the hardest hit, recording about $286 million in liquidations as ether fell more than 6 percent to roughly $2,350.
Solana is set to halve its block production time to 200 milliseconds, doubling the frequency of blocks as a seven-week network upgrade enters its final phase, though validators face increased costs and tighter operating windows.
Thailand's Securities and Exchange Commission (SEC) has finalized rules permitting the listing of cryptocurrency exchange-traded funds (ETFs) on the Stock Exchange of Thailand, limited initially to Bitcoin and Ether. The regulations take effect on Oct. 16, 2026.
Senator Richard Blumenthal, a senior Democrat on the Senate Permanent Subcommittee on Investigations, has launched a probe into the relationship between financial services firm Cantor Fitzgerald and Tether, the operator of the world's largest stablecoin, according to a report from CoinDesk. The investigation comes as Democrats gain momentum toward potentially reclaiming a Senate majority in upcoming elections.
Bitcoin fell to an intraday low near $80,000 this week, triggering more than $1.16 billion in liquidations across cryptocurrency derivatives within 24 hours, with bullish positions accounting for the overwhelming majority of the losses.
A federal jury has found Jonathan Spalletta, 36, of Maryland, guilty of stealing over $53 million from the decentralized cryptocurrency exchange Uranium Finance through two hacks in April 2021, the U.S. Attorney's Office for the Southern District of New York announced Wednesday.
A new report warns that more than 6 million bitcoin are stored in addresses with exposed public keys, raising alarms as artificial intelligence-based attacks become more sophisticated. The analysis, published by CoinDesk, underscores a longstanding security vulnerability in the world's largest cryptocurrency.
Members of the European Parliament are pressing the European Commission to address corruption risks linked to crypto assets and opaque corporate ownership in its upcoming anti-corruption strategy, while also demanding stronger measures to trace, freeze and recover criminal proceeds.
Securitize, a tokenization platform, has launched tokenized shares of Apple, Nvidia, and Tesla on the Solana blockchain, with plans to expand trading to the New York Stock Exchange and OKXICE digital venues, the company announced.
Greece's Ministry of National Economy and Finance has published a draft bill proposing a 10% capital gains tax on cryptocurrencies, alongside exemptions for annual gains of up to 500 euros and for crypto-to-crypto swaps.
Ethereum's Sepolia testnet began producing blocks with a gas limit near 200 million after activating the Glamsterdam upgrade on October 6, more than three times the 60 million limit on the main network, according to CoinDesk and Decrypt. Sampled blocks, however, used less than half the new allowance.
The Sui layer-1 blockchain has achieved 40.6 million transactions per second in a live stress test of its programmable offchain tunnels, designed to simulate the high-frequency demands of AI agents communicating and transacting autonomously.
Ethereum researcher Justin Drake has warned that artificial intelligence advances could undermine the cryptography protecting cryptocurrency wallets, calling on the industry to adopt what he described as 'bunker mode' and to begin moving assets to fresh addresses. In a social media post on Wednesday, Drake pointed to recent breakthroughs from OpenAI's mathematical work as evidence that AI might break the elliptic curve digital signature algorithm (ECDSA) used to secure blockchains sooner than quantum computers.
Wells Fargo is reportedly in discussions with Payward, the parent company of cryptocurrency exchange Kraken, to secure liquidity for crypto trading, according to a report from CoinDesk. The talks signal a further deepening of major US banks' involvement in digital assets as the industry gains mainstream traction.
Bitcoin rebounded to $84,000 on Tuesday, preserving a crucial support zone as US 30-year bond yields climbed to 5.58%, their highest level since June 2002. On-chain analytics firm Glassnode cautioned that investors continued to take profits during the week through the latest price action.
The National Bank of Kazakhstan has enlisted Tether, one of the best-known stablecoin issuers, to study a stablecoin linked to the local currency and the tokenization of real-world assets, according to a CoinDesk report.
Crypto trading giant GSR has committed $100 million to a new vault business called Hare, betting on onchain credit markets. The platform will launch with two products built on the Aave lending protocol: Hare USD Earn, which accepts major dollar stablecoins, and Hare Gold Earn, offering yield on Paxos tokenized gold products PAXG and PAXGy. Paxos Labs is a partner on the gold product.
Bitcoin's recovery stalled on 7 October, with the cryptocurrency dipping below $84,000 as an oil rally triggered by attacks on Iranian tankers rippled through risk assets and drove $547 million in liquidations. The pullback comes as on-chain data shows the U.S. spot bitcoin ETF cost basis at approximately $82,300, a level that could determine whether the market's recent recovery resumes.
Crypto platform Rain has applied for a national trust bank charter from the U.S. Office of the Comptroller of the Currency (OCC), aiming to bypass third-party banks. The application, which remains subject to approval and a public comment period, proposes that client assets be segregated from the bank's own holdings, while stablecoin reserves could be lent, pledged or reused. The move has drawn immediate opposition from traditional banking groups.
World Liberty Financial (WLFI), the crypto project backed by Donald Trump, has announced plans to bring its USD1 stablecoin to major online businesses through a partnership with payments infrastructure provider Mesh, with rollout scheduled for the current quarter.
Cryptocurrency markets suffered a sharp sell-off on Wednesday, with Bitcoin falling below $84,000 and total liquidations reaching $547 million, as a rally in oil prices triggered by attacks on Iranian tankers sent risk assets lower. Smaller tokens posted even steeper declines, compounding losses across the digital asset sector.
Bitcoin briefly tumbled to $83,560 in a two-hour flash crash that triggered over $550 million in crypto liquidations, with market analysts pointing to the emergence of 40x-leveraged short positions on derivatives platform Hyperliquid as a potential catalyst.
The U.S. government has transferred bitcoin and BNB worth more than $100 million, according to on-chain data from Arkham, though it has not been confirmed whether the movement signals an impending sale.
Bitcoin fell below $84,000 on Wednesday as a jump in oil prices triggered by Iranian attacks on tankers weighed on risk appetite across global markets, lifting the dollar and Treasury yields and dragging Asian equities lower.
Cardano has released a new token standard that grants token issuers the ability to freeze, seize and restrict assets, a move the network says is aimed at regulated stablecoins, funds and bonds requiring identity verification and compliance controls.
Abstract, a consumer-focused Ethereum layer-2 network backed by the Pudgy Penguins NFT project, will shut down on Dec. 15, making it the second such network to close in a week after Blast said its own chain was no longer worth operating.
Trading on the German cryptocurrency platform bitcoin.de remains suspended after the Federal Financial Supervisory Authority (BaFin) rejected an application for authorization under the European Union's Markets in Crypto-Assets Regulation (MiCA) from the platform's subsidiary, futurum bank AG. Bitcoin Group SE, the parent company, said it is now pursuing an alternative operating model to restart services.
Former BitMEX CEO Arthur Hayes has told investors the massive buildout of AI data centers will end in overcapacity, a crash and a bailout that will ultimately benefit bitcoin and other cryptocurrencies. Speaking at the Gamma Prime Investing Conference in Singapore, Hayes also announced a new crypto venture called Flop, designed to create a spot market for computing power using tokens.
Cross-border payments platform Conduit Technology has filed a lawsuit against stablecoin issuer Tether, alleging it froze $2.76 million in USDT without providing a valid explanation. The complaint, filed Monday in the US District Court for the Southern District of New York, claims Tether had no legal entitlement to the funds.
A Winklevoss-backed exchange-traded fund that would hold Zcash directly has filed a registration statement with the US Securities and Exchange Commission, seeking a Nasdaq listing under the ticker WINK.
The UK government has appointed six major banks to lead the issuance of its first digitally native government bond, a pilot known as the Digital Gilt Instrument (DIGIT), with issuance expected by the first quarter of 2027. The initiative will test distributed ledger technology and onchain settlement for sovereign debt.
Peter Thiel-backed Founders Fund has led a $5 million purchase of ANVL tokens in crypto collateral protocol Anvil, with Pantera Capital and Bullish also participating in the buy.
European Central Bank executive board member Piero Cipollone has warned that failing to introduce a digital euro could fragment Europe's payment systems and weaken the region's monetary sovereignty, saying the currency would not replace banks but preserve their role.
Ripple has expanded its partnership with Brevan Howard, a global investment manager with about $35 billion in assets, to provide the fund's portfolio with prime brokerage, clearing and financing services through Ripple Prime, according to a Tuesday announcement.