Author: John Smith

Federated Hermes, which manages $911.6 billion in assets, has partnered with Prometheum to develop tokenized funds for U.S. brokerage distribution, with the first product expected in Q1 2027. Summary Q1 2027 is the expected launch window for the partnership’s first tokenized fund product. ProFinancial will support distribution, while Prometheum Capital will provide custody, clearing and settlement services. Introducing broker-dealers will access the funds through Prometheum Capital’s correspondent clearing platform. Federated Hermes reported $911.6 billion in assets under management as of June 30, 2026. Prometheum and Federated Hermes said in their Oct. 13 announcement that the planned collaboration will bring blockchain-based…

HYPE price has fallen nearly 5% to around $81.20 over the past 24 hours despite Hyperliquid’s Assistance Fund having spent $1.36 billion buying more than 48 million tokens. Summary Hyperliquid’s Assistance Fund has purchased more than 48 million HYPE through its ongoing buyback program. HYPE traded near $81.20, while 24-hour trading volume increased more than 59% to $931.56 million. The daily chart places Supertrend support at $80.26, with MACD remaining below its signal line. USDC reserve income has added nearly $14.58 million to the fund’s trading-fee-funded purchases. Hyperliquid News reported on Oct. 13 that the Assistance Fund’s cumulative purchases had…

Bitcoin price has rebounded toward $84,000 on October 13 despite a steep selloff in South Korean equities, but weak ETF demand and heavy selling orders near resistance have prevented buyers from pushing higher. Summary Bitcoin recovered toward $84,000 despite heavy losses in South Korean technology stocks, with the KOSPI falling approximately 7.4% over the past week. US spot Bitcoin ETFs recorded roughly $451 million in net outflows during October, including $69 million on Monday, as institutional demand remained weak. CoinGlass data showed a concentration of sell orders near $84,000, where Bitcoin has repeatedly struggled to sustain gains. Bitcoin’s four hour…

Nasdaq-listed Bitcoin treasury company Strive has purchased another 3,311 BTC over the past week, bringing its total holdings to 32,773 Bitcoin as it continues expanding its cryptocurrency reserves. Summary Strive purchased 3,311 Bitcoin during the past week, increasing its corporate treasury to 32,773 BTC. CEO Matt Cole reported $208 million in warrant exercises ahead of the October 13 deadline. Approximately 15.3 million warrants remained outstanding, with their exercise deadline set for 5 p.m. ET. Strive formalized a $100 minimum issuance price for SATA preferred shares in its governing documents. The Nasdaq-listed company’s Bitcoin holdings have grown through market purchases and…

Autheo’s THEO token has plunged more than 90% following a suspected cross-chain bridge exploit that reportedly allowed an attacker to mint millions of unauthorized tokens on Base. Summary Autheo has launched an investigation into a suspected THEO exploit after the token lost more than 90% of its value. PeckShield reported that an attacker minted 19 million THEO on Base and swapped the tokens for 700.8 ETH worth approximately $1.76 million. Another researcher claimed the attacker minted 119 million THEO through a suspected Hyperlane bridge vulnerability, although Autheo has not confirmed the figure. A wallet holder reported receiving 93.5 million THEO…

Ledger has confirmed that an unauthorized hardware implant found inside a cryptocurrency signer sold by Southeast Asian reseller CryptoBilis can capture users’ 24-word recovery phrases and transmit them through a cellular network. Summary Ledger confirmed a hardware implant inside one affected signer sold through Southeast Asian reseller CryptoBilis. The implant reads recovery phrases during setup and transmits captured words through an LTE connection. Ledger says the implant operates separately without modifying its Secure Element, operating system, or signatures. CryptoBilis has suspended Ledger signer sales while investigators examine affected devices and reported customer losses. Ledger has not verified the total number…

Russia’s A7 international settlement platform has announced a new payment service that will allow customers to settle foreign invoices using USDT while recipients receive funds through conventional SWIFT bank transfers. Summary Russia’s A7 has announced a new international payment service that allows customers to settle foreign invoices in USDT while recipients receive funds through SWIFT bank transfers. A7 International will charge a fixed 0.3% transaction fee and primarily serve foreign trade businesses, although individual customers will be eligible. The service is being introduced shortly after US authorities sanctioned the A7 Network over allegations involving more than $17 billion in transactions…

Binance has announced that it will permanently shut down Binance Pool and its related cryptocurrency mining services on November 10, 2026, at 07:00 UTC, ending support for mining connections, reward generation and several associated products. Summary Binance will discontinue its mining pool and related services on November 10 at 07:00 UTC. Miners must switch to other mining pools before Binance disables connections and stops accepting hashrate. Pool Savings, Cloud Mining, Transaction Accelerator and related APIs will close under the announced schedule. Eligible unpaid mining rewards and refunds will be processed after closure under applicable Binance rules. Binance will retain historical…

Truflation has forecast that September U.S. headline inflation will rise to 3.6% from August’s 3.4%, while annual core inflation will hold at 2.4% as weaker hiring and easing housing costs restrain consumer price pressure. Summary 3.6% annual headline CPI is forecast for September, with prices rising 0.48% from August. 2.4% annual core CPI is projected, below the 2.5% market consensus cited in the report. Gasoline rose 4.8% monthly, while higher producer and import costs threaten further goods inflation. Slower hiring and 4% annual pay growth could limit services inflation, according to Truflation. Truflation, in its Oct. 9 inflation report, attributed…

DoubleZero has added Binance spot and futures data as Edge’s fifth venue in six months, with co-founder Austin Federa arguing that access to the fastest market feeds should be available to anyone willing to subscribe. Summary Binance joins Solana, Kalshi, Hyperliquid and Phoenix on DoubleZero’s Edge market-data platform. Federa says competition among professional traders can produce tighter spreads and better prices. Edge uses a common data format to reduce the work of connecting separate venues. Binance’s feeds carry top-of-book information and trades over DoubleZero’s dedicated fiber network. Austin Federa, DoubleZero’s co-founder, told crypto.news that opening access to faster data is…