Author: John Smith

The attacker behind Triple-A’s July treasury breach has transferred 4,970 ETH worth approximately $12.4 million into Tornado Cash, according to blockchain security firm Salus. Summary 4,970 ETH entered Tornado Cash on Oct. 9 through 56 deposits, according to Salus. The attacker combined funds from two intermediary addresses through a single wallet before depositing them. Triple-A said the July breach affected company treasury assets, while customer funds remained untouched. The company attributed the attack to social engineering and engaged specialists to trace the stolen assets. Salus said its Tornado monitoring system tracked 49 deposits of 100 ETH and seven deposits of…

NFT sales reached $39.85 million over the seven days to Oct. 10, up 0.90% from the previous week, as Ethereum retained its blockchain lead and Pudgy Penguins sales more than doubled. Summary $39.85 million in weekly NFT sales marked a 0.90% increase from the previous seven days. Buyer addresses fell 85.33%, while NFT transactions declined 6.92% to 778,055. Ethereum led blockchains with $17.60 million in sales, up 4.52% week over week. Bitcoin ranked third with $3.55 million in sales, down 7.33%. Courtyard topped collections with $7.68 million, while Pudgy Penguins sales rose 125.66%. According to data from CryptoSlam, weekly NFT…

The Commodity Futures Trading Commission has proposed adding event contracts covering four categories, including sports, to its swap definition while issuing a separate rule excluding casino-style gambling products. Summary The Oct. 9 proposal covers contracts tied to sports, politics, cultural events, and weather. A separate interim final rule excludes sportsbook wagers and casino games from the swap definition. Federal appeals courts have reached conflicting decisions on state authority over sports event contracts. The NFL has backed New Jersey’s request for Supreme Court review of Kalshi’s sports contracts. The Commodity Futures Trading Commission announced the proposal on Oct. 9, describing event…

OKX has launched crypto-backed USDC loans in Europe, allowing customers to borrow up to 250,000 USDC, or 3.25 million USDC for VIP clients, without a fixed repayment term. Summary OKX says customers can borrow up to 80% of collateral value against more than 40 assets. The launch announcement lists variable hourly interest of 0.000229%, equivalent to about 2% annually. Borrowers can repay some or all of their debt whenever they choose, according to OKX. The service’s terms allow collateral liquidation and state that MiCA client asset protections do not apply. OKX said in its Oct. 9 announcement that European customers…

The XRP Ledger has activated its Batch feature on mainnet with support from 30 validators, allowing users to bundle between two and eight transactions into one operation. Summary 30 validators backed BatchV1_1, while five opposed it, according to XRPScan figures cited in the report. Batch offers four execution modes, including a setting that makes all linked actions succeed together. Validator Vet identified OTC trades, delivery-versus-payment settlement and NFT swaps as potential uses. XRPL’s separate lending revision introduces closed-ended vaults and cash-basis accounting, subject to validator approval. XRPScan’s dashboard shows BatchV1_1 as active on mainnet, according to the reported amendment data,…

U.S. Treasury Secretary Scott Bessent has said authorities have located about $1 billion in Iran-linked cryptocurrency that they could seize this week as Washington presses ahead with financial restrictions against Tehran. Summary Bessent said U.S. authorities could seize $1 billion in Iran-linked cryptocurrency during the week. Treasury sanctioned 17 vessels on Oct. 8 over alleged shipments of Iranian petroleum products. Tether reported approximately $550 million in Iran-linked USDT freezes during 2026. Chainalysis estimated Iran’s cryptocurrency ecosystem handled more than $7.78 billion in activity during 2025. Scott Bessent said at Newsmax’s NPolicy Summit in Washington on Oct. 8 that officials knew…

Former Celsius CEO Alex Mashinsky has agreed to a lifetime ban from the cryptocurrency, securities, and commodities industries under a New York settlement carrying up to $35 million in conditional payments. Summary The New York agreement ties $35 million in potential payments to forfeiture and prison conditions. Mashinsky must forfeit another $10 million federally or pay New York $25 million. The former Celsius chief is serving a 12-year sentence after pleading guilty to fraud. Celsius creditors received more than $3.4 billion through bankruptcy distributions by August 2026. New York Attorney General Letitia James announced the agreement on Oct. 9, resolving…

GRAM has risen 9% to $1.56 as Telegram has expanded access to Money, its non-custodial wallet for token transfers and collectible purchases. Summary Money appears inside Telegram after a user receives a transfer, according to Walt’s announcement. Users can store GRAM, send funds, and buy gifts or collectible usernames through Money. Walt offers Money top-ups alongside a separate platform supporting more than 300 digital assets. The reported rally lifted GRAM’s market capitalization to $4.12 billion and trading volume to $132.4 million. Walt announced that Telegram is extending Money beyond the selected users who previously had access, bringing the wallet to…

Morgan Stanley has raised its Coinbase stock price target from $250 to $258 ahead of earnings while retaining an Equal Weight rating, placing its forecast 50% above the shares’ previous $172 close. Summary Morgan Stanley increased its Coinbase target by $8 without changing its Equal Weight recommendation. Citizens JMP lowered its target to $280 from $325 but retained a Market Outperform rating. Coinbase reported second-quarter revenue of $1.22 billion, down 18.5% from a year earlier. The company has expanded derivatives and stock products while facing state challenges over prediction markets. Morgan Stanley kept its existing recommendation as part of an…

Cardano price has fallen below $0.24 after reversing its early October rally, with weakening daily momentum and an analyst’s ascending-channel warning putting $0.21 back in focus. Summary Cardano price traded near $0.236, down about 9.2% from its weekly opening price. Daily RSI fell to 48.06, while price slipped below the $0.2483 Bollinger midpoint. Ali Martinez identified $0.21 as a possible downside level following an ascending-channel rejection. Weekly Supertrend resistance stood at $0.2762, above ADA’s attempted recovery. TradingView’s Binance ADA/USDT data showed Cardano trading at $0.2359 on Oct. 9, recovering modestly after a sharp sell-off. The daily session ranged between $0.2313…