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According to Hyperbot data, Taiwanese singer Jeffrey Huang’s HYPE long position was fully liquidated, resulting in a loss of about $26,000. Huang is currently maintaining a 25x long position in 31,500 ETH, with an unrealized loss of about $3.506 million.

Moscow Exchange (MOEX) said it plans to offer cryptocurrency trading services starting Dec. 1 under a new regulatory framework. The exchange said it will continue related testing until the formal launch of the service. MOEX had earlier launched five perpetual futures contracts, including BTC and ETH.

BitGo CEO Mike Belshe pushed back on claims that AI will undermine Bitcoin’s cryptographic system, while saying preparations should begin now for potential quantum computing threats, Cointelegraph reported. For that purpose, BitGo added a wallet-by-wallet quantum risk exposure score, a one-click security upgrade feature, and an unspent transaction output selection function that takes quantum computing risk into account.

U.S. bank SoFi Bank has begun settling card transactions on Mastercard’s global payments network using its in-house stablecoin, SoFiUSD, Crypto Briefing reported. Since Sept. 22, SoFi has been settling debit and credit card program transactions in SoFiUSD and expects the program’s annual processing volume to exceed $25 billion.

Taiko announced an update allowing token bridging without a separate token-use approval step. The update added signature-based token-use approvals to the ERC-20 vault, raised the bridge’s gas limit for ETH payouts ahead of EIP-8037, and deployed a new token template. Taiko also completed bridge testing for ETH, ERC-20, ERC-721, and ERC-1155.

Ripple Custody announced support for Canton Network, allowing institutional clients to store and transfer Canton Coin (CC) and CIP-56 tokens through its existing custody platform while continuing to use their current asset-management policies and audit frameworks. Transaction-signing keys are stored in hardware security modules or key management systems managed by clients themselves, and access is currently available only through an API.

Vietnam is reviewing the creation of a standalone regulatory framework for cryptocurrencies as part of reforms aimed at modernizing its financial system and integrating with global markets, according to an OpenMarkets report under CME Group. The country is also pursuing projects to build international financial centers in Ho Chi Minh City and Da Nang while advancing financial technology and capital market development.

Web3 travel booking platform Travala said it bought back 228,600 AVA. The company had previously said it would double its monthly open-market AVA token buybacks and introduce a Strategic Reserve structure under which purchased tokens are permanently locked.

Starknet is considering a transition to an independent Layer 1 blockchain to manage its own security upgrades, The Block reported, citing Starknet co-founder Eli Ben-Sasson. Current Layer 2 networks rely on Ethereum’s underlying security technology, and Ben-Sasson said Starknet could achieve resistance to quantum computing attacks by 2027.

The European Securities and Markets Authority urged European Union crypto firms to stop offering stablecoin-related services that do not comply with the Markets in Crypto-Assets regulation, Cointelegraph reported. The deadline to unwind existing holdings and related exposures was set at three months. ESMA emphasized that crypto-asset service providers authorized under MiCA must discontinue services tied to non-compliant stablecoins for EU customers.

Justin Sun, founder of TRON, said at TOKEN2049’s main event in Singapore that the combination of cryptocurrency and AI agents will be one of the most important use cases over the next five years. In a conversation with Kevin Poloni, founder of the podcast 'When Shift Happens,' Sun said crypto can continue to improve technologically, while traditional banking systems have seen limited progress for a long time. He added that next-generation users will increasingly prefer crypto-based services. Sun said TRON is building a financial network for the AI economy, with about $100 billion in assets within the protocol and daily transaction processing volume of $20 billion to $30 billion. He added that the project is also pursuing U.S. stock tokenization and development of the AI routing platform B.AI.

Blockchain security firm CertiK said it detected signs of a suspected exploit at 79Vault, with $12.5 million worth of BNB transferred through an admin-privileged function.

Crypto exchange Gate announced a partnership with Visa to launch a crypto-linked card. The company plans to expand the use of digital assets in everyday spending and global commerce through the offering. The card is set to launch in more than 40 markets worldwide, allowing users to pay with digital assets at online and offline merchants that accept Visa and link Gate accounts more conveniently to real-world spending.

Compound community member ugurmersin has proposed transferring control of the Ecosystem Protection and Continuity Fund, or EPCF, and mainnet Chainlink SVR revenue from a Safe controlled by the Compound Foundation to a community multisig. The proposal centers on a five-of-nine multisig involving nine participants. The proposal would not abolish the EPCF, and would keep its current purpose, size, 48-month operating period, and emergency funding execution capability unchanged.

Bitcoin’s recent price pullback was driven by weak spot demand and a decline in futures open interest, according to CryptoQuant contributor MAC_D. Bitcoin’s apparent demand remained in negative territory, while the Coinbase Premium Index was also mostly negative, indicating U.S. investor buying pressure remains weak. MAC_D added that although Bitcoin has held at a similar price level since Sept. 22, open interest fell nearly 10% to about $26 billion from roughly $28.8 billion. Still, MAC_D said the current correction could present a medium- to long-term buying opportunity as long as the current upcycle remains intact. The area around $69,000, where short-term holders’ average cost basis sits, is likely to act as a key support level, MAC_D said.

NEAR Protocol rose 8.7% over the past 24 hours to rank 17th by cryptocurrency market capitalization, as a quantum-resistant token launched on the Near.com platform. The token is QTC, the native token of Quantus Network, and uses ML-DSA, a quantum-resistant cryptographic algorithm standardized by the U.S. National Institute of Standards and Technology. NEAR was trading at $5.21.

South Korea’s Financial Services Commission will examine whether financial institutions were involved in the KOK coin case, its chairman Lee Eog-weon said during a parliamentary audit on Oct. 8, according to Edaily. Lee said the case is under investigation by judicial authorities and that trial proceedings are underway at the Ulsan District Court. If financial institutions were involved in the business operations, the FSC would look into the matter, he said. Lee added that account-transfer issues are being handled by the Financial Intelligence Unit under the FSC, while suspicious transaction reports are being reviewed by investigative authorities. After Democratic Party lawmaker Lee Kang-il called for a swift probe, a fast-paced investigation and a full review of the response system for digital-asset crimes, Lee said he would discuss the matter with judicial authorities, Edaily reported. He also said the FIU’s core function is anti-money laundering and stressed the need to support and coordinate with criminal investigative bodies, adding that investigators are also working from the FIU office and that he would work to ensure close coordination with authorities in the KOK case. Prosecutors estimate the KOK coin case was a multi-level fraud scheme that affected 570,707 victims in South Korea and overseas, causing total losses of 2.5759 trillion won ($1.9 billion).

Coinbase plans to expand services for traditional financial institutions, according to Crypto Briefing. The company intends to develop infrastructure that would allow banks and other financial firms to integrate cryptocurrency custody and financial services into their own operations. Coinbase currently manages more than $15.2 billion in institutional assets through Coinbase Prime, its institutional platform, which offers asset custody, financing services, staking and liquidity access.

Crypto and fintech investment firm Deus X Capital will wind down operations and begin formal liquidation on Jan. 31, 2027, CoinDesk reported. The decision follows a move by key investors to pursue different investment directions. Deus X Capital launched in October 2023 with $1 billion combining existing investment assets and capital available for new investments. The firm has invested in digital assets, blockchain and fintech, and said it has generated annual returns of 36.5% since its founding. It did not disclose its total assets under management.

An anonymous whale sold 131,421 HYPE worth $11.71 million through over-the-counter trades over the past 10 days, according to ai_9684xtpa.

Sui said via its official X account on Oct. 8 that Circle’s Cross-Chain Transfer Protocol V2 has gone live on the Sui mainnet, enabling users to transfer native USDC between Sui and 29 blockchains. Sui explained that under CCTP V2, USDC is burned on the originating chain and newly minted on the destination chain. The blockchain said developers can build payment and treasury-related services on Sui without separately designing bridge-based infrastructure, while USDC received on Sui can be used immediately within the same inbound transaction. That means deposits, swaps, and payments can be handled in a single transaction. Note: We are participating as an official media partner for Sui Basecamp 2026.

If BTC rises above $84,076, about $567.04 million in short positions on major centralized exchanges could be liquidated, according to CoinGlass data. If it falls below $82,045, about $454.65 million in long positions could face liquidation.

Crypto analyst Crypto Dan said on X the cryptocurrency market appears to be nearing the final stage of a transition into an upcycle. Crypto Dan said that at the bottom of every past downturn cycle, loss and profit ratios relative to supply converged, then widened again as the market shifted into an upcycle. A similar pattern is now being observed, according to the analyst. Crypto Dan added that in past cycle bottoms, Bitcoin traded below its realized price, while this time the correction has been relatively shallow. Even so, the broader picture suggests the market is now in the process of turning into an upcycle, Crypto Dan said.

Greece has drafted a bill to impose a 10% tax on cryptocurrency income and has launched a public consultation process, Reuters reported. Under the draft, annual capital gains from crypto transfers of up to 500 euros ($560) would be exempt from taxation. The bill is scheduled to be submitted to parliament in November. Greek authorities said most investors use overseas platforms, making it difficult to accurately estimate the size of the domestic crypto market. As a result, projected tax revenue from the proposed regime has not yet been calculated.

Sui said in an official blog post that Hashi, its native Bitcoin financial infrastructure, will launch on mainnet later this month after securing commitments for more than $500 million in capital. Hashi is designed to let users keep BTC on the Bitcoin network while using it as collateral through Sui smart contracts. Users can deposit BTC to mint Sui-based hBTC for use across financial applications including lending, borrowing, credit, vaults, and structured products. Sui said the Hashi ecosystem currently includes more than 20 partners, including BitGo, Bullish, Cumberland, FalconX, and Ledger. It added that Anchorage Digital, described as the first U.S. crypto bank, recently joined as a launch partner. Note: We are participating as an official media partner of Sui Basecamp 2026.