Author: John Smith

Security researchers have warned that a fake Ledger website and application have appeared prominently in Google search results, attempting to steal cryptocurrency wallet recovery phrases as the hardware wallet maker investigates more than $86 million in suspected customer losses. Summary Researchers warned that fake Ledger websites appeared prominently in Google searches and requested recovery phrases. Zscaler documented malicious Google ads that redirected Ledger users through multiple websites to phishing pages. Claims of one million visits remain unverified, with earlier advertising data referring to Google itself. Ledger is investigating suspected losses involving CryptoBilis customers, while researchers estimate over $86 million stolen.…

Crypto and Web3 funding announcements totaled $380.51 million across 16 disclosed transactions from Oct. 3–9, led by matching $90 million rounds for Spiko and Nous Research. Summary $380.51 million was disclosed across 16 transactions, with two additional rounds announcing no investment amount. Spiko raised $90 million from NEA and other investors to expand its tokenized cash funds. Nous Research secured $90 million from investors including Nvidia, Microsoft’s M12 and Robot Ventures. Mecka announced a $60 million Series B led by Sequoia Capital for robotics data infrastructure. The three largest rounds accounted for approximately 63% of the week’s disclosed transaction value.…

U.S. crypto ETFs tracked across Farside Investors’ Bitcoin, Ethereum, Solana, Hyperliquid and Zcash tables recorded combined net outflows of $1.29 billion during Oct. 5–9, with Bitcoin and Ether funds accounting for most withdrawals. Summary Bitcoin ETFs lost $678.9 million despite returning to net inflows on Friday. Ethereum ETFs recorded $542.2 million in withdrawals across five consecutive negative sessions. Solana ETFs shed $25 million, with Bitwise’s BSOL accounting for most weekly redemptions. Zcash and Hyperliquid products posted respective weekly outflows of $30.8 million and $9.4 million. Farside Investors’ daily figures put combined Bitcoin and Ethereum ETF withdrawals at $1.22 billion for…

Bitcoin price has rebounded toward $82,800 after a sharp liquidation-driven sell-off, but resistance near $84,400 stands between its weekend recovery and another attempt at $87,000. Summary Bitcoin price traded near $82,726, down 2.2% over seven days, according to CoinGecko. Daily RSI stood at 50.97, while Bitcoin remained below its $84,396 Bollinger Band midpoint. U.S. spot Bitcoin ETFs recorded $678.9 million in net outflows across Oct. 5–9. Trader Lennaert Snyder identified $81,100 as a key support level for the rebound. CoinGecko recorded Bitcoin at $82,726 on Oct. 10, up 0.3% over 24 hours following its retreat from the week’s highs. Its…

Worldcoin has rebounded above $0.51 after its sharp October sell-off, with WLD trading near $0.55 as the daily chart places the next major resistance around $0.61. Summary Worldcoin price traded near $0.55, with Binance’s daily chart showing a gain of approximately 8%. Daily Bollinger Bands placed the middle line at $0.5138 and upper resistance at $0.6103. The 4-hour Supertrend turned bullish, with its latest support reading at $0.4864. CoinGlass showed overhead liquidation concentrations near $0.58–$0.60, with another band around $0.63. TradingView’s Binance WLD/USDT daily chart recorded Worldcoin at $0.5477 on Oct. 10, following a session high of $0.5761 and a…

Evernorth has completed its merger with Armada Acquisition Corp. II, holding approximately 473 million XRP and raising about $300 million in gross cash proceeds ahead of its expected Oct. 12 Nasdaq trading debut. Summary 473 million XRP formed Evernorth’s treasury at closing, alongside approximately $300 million in gross cash proceeds. XRPN shares are expected to begin Nasdaq trading on Oct. 12 following the completed merger. Evernorth plans to deploy capital into XRP infrastructure and pursue strategies to increase XRP per share. Armada shareholders approved the transaction on Sep. 30, before an administrative delay changed the listing schedule. Evernorth announced on…

Evernorth completed its merger with Armada Acquisition Corp. II on October 9 and expects XRPN shares to start trading on Nasdaq on October 12. XRP remains near $1.40, leaving the market to distinguish an existing corporate holding from potential fresh demand. Summary Evernorth says it closed with approximately 473 million XRP and $300 million in gross cash proceeds, while its XRPN listing is scheduled for October 12. Armada shareholders redeemed about 80.3% of shares eligible for cash redemption, taking $195.39 million from the SPAC trust. Much of Evernorth’s XRP came from prior purchases and in kind contributions, so the merger’s…

Papertrade has scheduled its HyperEVM perpetuals exchange to begin trading on Oct. 10 with up to 1000x leverage, after DefiLlama tracked about $85.3 million in deposits ahead of the opening. Summary $85.3 million in tracked deposits includes trader balances and the protocol’s house-side pool. Trading is scheduled for 10 a.m. ET, following a planned HyperEVM upgrade. Winning traders’ profits enter a payment queue when the pool cannot cover settlement. PAPER tokens mint from realized losses, with transfers between wallets initially disabled. Papertrade said its website would open trading at 10 a.m. ET after the scheduled network upgrade, with deposits temporarily…

China has called for a national blockchain network and an integrated computing power network in a policy document covering 19 measures to develop technology-led industries and connect the digital economy with real-world production. Summary China’s new policy calls for national blockchain and computing networks alongside changes to data ownership rules. The document proposes data-market trials, cross-border data mechanisms and support for long-term technology investment. Chinese banks have already received guidance encouraging blockchain use in tax-data sharing and business lending. Recent digital yuan expansion has taken the number of approved banking operators to 30. Xinhua News Agency published the opinion issued…

Hong Kong has warned that payment platforms operating without required licenses face enforcement action, after its monetary authority received 16 complaints about suspected unlicensed stored value services between January 2024 and September 2026. Summary HKMA received 16 complaints about suspected unlicensed stored value services, with one case substantiated. Hong Kong law prohibits unlicensed stored value operations unless a statutory exemption applies. Currency exchange and cross-border remittance services fall under a separate licensing system. Regulators can intervene directly and refer suspected payment law breaches to law enforcement agencies. Hong Kong’s Financial Services and the Treasury Bureau said in an Oct. 7…