Live Feed

Crypto remittances from Canada to India, China and the Philippines rose 141% year over year to $2.36 billion, Cointelegraph reported, citing a Chainalysis report. Over the one-year period through June 2026, the number of transfers reached 3.56 million, with an average transfer size of $663. Remittances to the Philippines rose 28% to $61.02 million. Chainalysis said Canada’s large immigrant population and high fees charged by traditional overseas remittance services may have contributed to the growth in crypto remittances.

Richard Heart, the founder of cryptocurrency project HEX, was arrested in Istanbul, Türkiye, on Oct. 14, according to local media. Turkish intelligence authorities and police were said to have detained Heart in the Besiktas district of Istanbul and seized 64 luxury watches, cash, firearms and electronic devices. Heart has been under investigation in Finland on allegations of tax evasion and assault, and an Interpol Red Notice was issued in December 2024 at the request of Finnish authorities, the reports said.

Polygon Labs has completed its acquisition of crypto payments firm Coinme, The Block reported. The deal gives Polygon Labs a foundation to offer compliant payment services across 48 U.S. states, including money transmitter licenses in 37 states and related regulatory exemptions in 11 others. The Coinme acquisition is part of a $250 million deal announced in January covering the acquisitions of Coinme and Sequence.

DriveWealth, a global B2B embedded finance and brokerage platform, plans to adopt Ripple’s NYDFS-approved stablecoin RLUSD (Ripple USD) for on-chain settlement and cross-border fund transfers. The company said it aims to shorten settlement times for global securities and derivatives trades from several days under T+1 to T+2 cycles to real-time processing within seconds. It also plans to improve the inefficient fee structure of traditional banking networks and build a 24/7 settlement environment.

Shiba Inu trading volume has dropped sharply, leaving its near-term price direction unclear, according to a U.Today analysis. SHIB was trading around $0.00000517, while recent volume was down significantly from the surge seen between July and September, U.Today said. The daily relative strength index stood at around 40, indicating weak upward momentum. On-chain data also showed the seven-day average of exchange outflows and inflows fell 42% and 14%, respectively. U.Today added that if support at $0.00000500 breaks, SHIB could fall to its September low of $0.00000475.

Tether, the issuer of USDT, has unveiled QVAC TranscribePsy, an on-device AI speech recognition model with 254 million parameters that runs directly on devices without cloud transmission. The model processes real-time transcription instantly on-device without sending audio data to external servers, maximizing data privacy protection. Tether said benchmark tests on six major smartphone models showed the model outperformed key competing models in processing speed.

According to CoinNess market monitoring, BTC has fallen below $83,000. BTC is trading at $82,905.13 on the Binance USDT market.

Evernorth plans to launch an institutional asset management strategy in the fourth quarter using its XRP holdings in partnership with Ripple, Kraken, Coinbase, and BitGo, The Block reported. The company currently holds 473 million XRP worth about $648 million. Beyond simply increasing its holdings, Evernorth aims to generate management returns and raise XRP holdings per share. The company also plans to expand into XRP Ledger-based lending and on-chain DeFi strategies.

Strive bought an additional 2,822 BTC for $235 million, bringing its total holdings to 35,595 BTC, CEO Matt Cole said on X.

Dubai International Financial Centre Courts officially launched a blockchain-based system on Avalanche’s C-Chain on Oct. 14 to verify whether court judgments and hearing records have been tampered with. The system stores sensitive document text and party information off-chain, while recording only each document’s unique cryptographic fingerprint, or hash, and non-transferable digital credentials on-chain. That allows users to remotely verify within seconds whether a document has been altered. The rollout is being seen as a notable case of bringing blockchain into formal judicial and court administrative processes, significantly improving the reliability of public documents without compromising privacy.

Hong Kong investment firm L2 Capital plans to work with Newton Labs to tokenize $500 million worth of pre-IPO shares in AI companies, The Defiant reported. L2 Capital is set to become the first partner on the tokenization platform Newton Labs is developing. The platform is designed to embed regulatory compliance requirements into the tokens and verify whether those conditions are met before each secondary token transfer is finalized.

DeFi lending protocol Spark (SPK) said net protocol revenue exceeded $4 million in the third quarter. Spark also said it launched a stablecoin swap service in partnership with Uniswap and Sky, backed by $150 million in USDS liquidity, and first-month trading volume surpassed $14 billion.

Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, has asked the U.S. Supreme Court to review his fraud conviction and an $11 billion asset forfeiture order, Cointelegraph reported. If the court decides to hear the case, a ruling could come as early as June 2027. It has not yet decided whether to accept the appeal.

Dollar-denominated stablecoins had a combined market capitalization of $303.4 billion as of Oct. 14, while euro-denominated stablecoins stood at $810.1 million, Crypto Briefing reported, citing CoinGecko data. In the dollar stablecoin market, Tether’s USDT accounted for about $184.1 billion, or 60.6% of the total, followed by Circle’s USDC at about $72.6 billion, or 23.9%.

Crypto analyst Michael van de Poppe said on X he has decided to add SUI to his portfolio, saying Sui’s future value and fair value are higher than its current market valuation. He said Sui offers scalability and enables AI agents to execute onchain transactions while preserving confidentiality in what he described as the cheapest environment, effectively close to free. Van de Poppe added that several large companies, including Alibaba Cloud, began recognizing that point as recently as last week, which he said was demonstrated by partnerships with the SUI blockchain. He also said the broader Sui ecosystem is gradually expanding, with fundamental signals reflected in the charts. Its technical indicators remain very strong and continue to show resilience, he said, adding that a strong bullish divergence appeared on the weekly timeframe against Bitcoin, signaling SUI may have bottomed out versus BTC.

Qivalis, a consortium backed by 37 major European banks, has obtained an electronic money institution license from the Dutch central bank, CoinDesk reported. The consortium includes BBVA, BNP Paribas and ING, and is pursuing the issuance of a euro-denominated stablecoin. After meeting European Union Markets in Crypto-Assets regulation requirements, including the publication of a white paper, Qivalis plans to launch the token within months.

RWA tokenization protocol Centrifuge (CFG) has completed formal verification of 1,589 security-related properties for its core Protocol V3, Crypto Briefing reported. The verification used Certora Prover, a security verification tool that mathematically checks whether code operates according to its designed rules.

Coins.ph, the Philippines’ largest cryptocurrency exchange, denied rumors that its license had been revoked over alleged involvement in laundering funds tied to offshore gambling, CoinDesk reported. The Bangko Sentral ng Pilipinas recently ordered a temporary suspension of InstaPay and PESONet deposit services and QR payment acceptance at DCPay, the peso e-wallet operator used by Coins.ph. The report said the measure was limited to the electronic money issuer payment-processing business and reflected an order to strengthen internal controls, not the exchange’s crypto trading and withdrawal services operated under its VASP license. Coins.ph said customer funds are safe and normal operations continue as a BSP-licensed entity, while strongly rejecting allegations of deliberate involvement with illegal gambling operators.

Alex Thorn, head of research at Galaxy Digital, said on X that more than half of the total BTC supply is held in addresses whose owners have not been identified. Thorn added that despite years of institutional entry into the market and a growing concentration of holdings in centralized structures, a substantial amount of BTC, and possibly a majority, may still be held in self-custodied wallets by individual investors.

More than 80% of cumulative trading volume on Hypercall, an options exchange built on Hyperliquid, has come from S&P 500 index options, CoinDesk reported. Since its launch in June, Hypercall has recorded $640 million in cumulative notional trading volume, while about $47 million of its roughly $49 million in open interest has also been tied to S&P 500 options. Hypercall founder Jake Sylvester said a key advantage is the ability to trade 24 hours a day even when traditional exchanges are closed.

Saifedean Ammous, author of The Bitcoin Standard, said Bitcoin will become less volatile as it matures and eventually surpass gold’s market capitalization. Ammous argued that holding Bitcoin is itself an act of using money as a store of value, adding that volatility stemming from its fixed supply does not hinder its monetization process. The remarks were a rebuttal to criticism from professor Lawrence White, who argued that high volatility caused by a lack of supply elasticity had allowed stablecoins to take the lead in payments.

The Crypto Council for Innovation and the Blockchain Association jointly filed a motion asking a court for an expedited schedule in their challenge to Illinois’ 0.2% digital asset transaction tax law. The tax measure, originally set to take effect in January 2027, has been pushed back to July 1, 2027, under an agreement between the two sides and a stay of enforcement. The industry groups aim to secure a final court ruling finding the law unconstitutional by March 1 to reduce regulatory uncertainty for brokers and users. The groups argue the bill could result in double taxation and likely violates federal communications law, while also seeking to deter similar tax proposals in other states.

U.S. crypto-related stocks erased earlier gains and turned lower in premarket trading. Bitmine (BMNR) was down 1.23%, Circle (CRCL) fell 1.25%, Coinbase (COIN) slipped 0.72%, and Strategy (MSTR) declined 0.28%.

European asset manager CoinShares has launched a stablecoin yield product for corporate clients in partnership with Safe Labs and Railnet, Crypto Briefing reported. The offering lets companies keep custody of their own assets while using Safe wallets to access yield strategies based on DeFi and tokenized real-world assets.

Strategy Chairman Michael Saylor said in an interview with Bloomberg that Bitcoin formed a bottom below $60,000 and is expected to climb back above $100,000.