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The European Securities and Markets Authority is reviewing the use of tokenized stocks, bonds and other assets on blockchains as collateral, while gathering industry feedback on whether such collateral can actually be recovered and converted into cash during a financial crisis or a counterparty default. ESMA said even assets that are readily liquid in traditional financial markets could face delays in liquidation once tokenized because of redemption procedures or trading restrictions. The authority also plans to examine whether token holders have legal rights to the underlying stocks or bonds. Based on the review, ESMA will decide whether existing EU regulations are sufficient to address the risks involved or whether additional rules are needed.

Japan’s Financial Services Agency on Oct. 9 urged financial institutions, including cryptocurrency exchanges, to phase out identity verification based on submitted ID photos before the current April 1, 2027 deadline and switch to reading data from IC chips embedded in identification cards. The move follows a series of unauthorized access incidents and customer data leaks at financial institutions. Under the new method, institutions would verify users by reading information stored on an ID card’s IC chip through a smartphone or similar device, including a name, address, date of birth, and facial photo. The agency also called for checks on risk management related to outsourced service providers and on response systems for cyberattacks.

NEAR Protocol co-founder Illia Polosukhin said NEAR accounts can adopt quantum-resistant security against quantum-computing attacks through cryptographic key updates alone, Cointelegraph reported. Polosukhin said this would strengthen security for existing accounts without requiring a separate asset-transfer process.

Crypto hacking losses exceeded $1.17 billion in the third quarter of 2026, surpassing the $955 million recorded in the first half of the year, according to Finbold’s analysis of SlowMist data. September posted the largest monthly losses at about $762 million, followed by $224 million in July and $188 million in August. The biggest hack of the quarter was the Bitget breach on Sept. 24, which caused $387.5 million in losses. The top five incidents accounted for a combined $952 million, or about 81% of the quarterly total. Cumulative hacking losses for the first three quarters of the year reached about $2.1 billion. Finbold noted the figures were calculated based on the value of affected assets at the time of each incident, meaning the totals may differ from final loss estimates after returned, frozen, or recovered funds are reflected.

South Korean exchange Bithumb announced the addition of Doppler Finance (XDP) for KRW trading at 12:00 p.m. UTC today.

CryptoQuant contributor MAC.D analyzed that around $74,500 could become a key BTC price level if the asset falls further, based on the depth of corrections seen in past bull markets. MAC.D said the average drawdown from peak levels across five past bull-market corrections was 14.39%. Applied to Bitcoin’s recent high of $87,027 reached on Oct. 5, that implies a level of about $74,500. BTC fell about 7.61% from $87,027 on Oct. 5 to $80,404 on Oct. 9, a move MAC.D said was similar to the 7.58% average correction seen in the previous bull market from 2022 to 2025. Citing the smaller pullbacks in the recent bull market than in earlier cycles, MAC.D suggested considering staggered buying around $80,000 and increasing buying exposure in the $74,000-$75,000 range.

Ajay Shinjin has been sentenced to two years and six months in prison for taking part in a SIM-swapping scam that stole about 200,000 pounds ($265,000) worth of cryptocurrency, The Block reported, citing the City of London Police. Shinjin received more than 44,000 pounds (about $58,000) in criminal proceeds and used the money on luxury holidays in Dubai, a high-end apartment and gold-plated dental accessories, according to the report. SIM swapping is a method that hijacks a victim’s phone number to intercept text-based authentication messages and other communications.

Base founder Jesse Pollak said in an interview with The Block at TOKEN2049 in Singapore that the shutdowns of Ethereum layer-two networks Blast and Abstract do not mean the Ethereum L2 experiment is over. Pollak said blockchain networks are similar to businesses in several respects and not every business can succeed. Pollak added that each network needs a specific product and a user acquisition strategy to secure long-term sustainability.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows a volume heatmap, while the lower panel shows cumulative volume delta, or CVD. - The volume heatmap tracks trading volume at each price level. The background becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter zones may act as support or resistance levels. - The cumulative volume delta indicator tracks buy and sell orders by order size. As buy orders increase, the line for the corresponding color rises. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

Bitcoin may be more affected by the U.S. Treasury market than by Federal Reserve rate policy, crypto asset manager CoinShares said on Oct. 8. CoinShares said the U.S. 10-year Treasury yield has risen above 5.3% and the 30-year yield above 5.7%, approaching their highest levels in decades. It said if rising long-term yields reflect concerns about U.S. fiscal health rather than economic growth, BTC could draw attention as an alternative to fiat currencies. CoinShares added that digital-asset investment products have seen about $11.1 billion in net inflows since mid-July, but inflows have slowed sharply this week. It said it remains unclear whether the shift in BTC investment demand is being reflected in actual fund flows and that fund inflows and outflows should be monitored over the coming weeks.

Strive’s preferred stock SATA has fallen below $99 for the first time in more than two months, pushing its effective dividend yield to 13.15%, according to Bitcoin Treasuries.

At least $154 billion flowed into cryptocurrency addresses tied to illicit activity last year, including about $17 billion linked to scams, according to blockchain analytics firm Chainalysis. The company also said it is strengthening its crypto financial crime training and certification programs in partnership with the Association of Certified Anti-Money Laundering Specialists, or ACAMS. The two firms plan to offer courses covering crypto-related crime risks, anti-money laundering, or AML, compliance, and real-world investigative cases. Separately, TRM Labs said scam activity using AI has risen about 500% over the past year.

According to on-chain data, wallets linked to the U.S. government deposited 17,733 BTC, worth about $1.48 billion, and 750 WBTC, worth about $62 million, to Coinbase Prime over the past three days. It has not been confirmed whether the transfers were tied to actual selling. Wallets Arkham classifies as U.S. government-related addresses still hold about $25.4 billion worth of crypto, including roughly $25.3 billion in BTC.

Real Vision crypto analyst Jamie Coutts said blockchain protocols paid $1.95 billion to token holders over the past 12 months, up fivefold from late 2022. Coutts said tokenomics are quietly shifting. While tokens had previously struggled to capture value and demand fluctuated cyclically, protocols have now started returning value to token holders through a variety of methods, Coutts said. The share of protocol revenue going to token holders also rose to 37% from 20%, according to Coutts. Coutts added the shift is spreading across a growing number of tokens, with 32 now paying more than $1 million annually to token holders.

Bitcoin holders’ accumulated unrealized gains were the main driver behind the latest decline, according to a CryptoQuant analysis based on on-chain data. CryptoQuant said a large Bitcoin transfer by the U.S. government helped trigger the drop by adding to selling pressure, but the core issue was that BTC holders were sitting on elevated unrealized profits. The firm said the market was already vulnerable to a decline before the large U.S. government BTC transfer, as unrealized gains had built up. When holders are sitting on sizable paper gains, even a small shock can unleash a wave of profit-taking, it added. Short-term holders sent 45,600 BTC to exchanges over the past 24 hours, including 29,100 BTC moved at a loss, which CryptoQuant said was the largest such volume since the correction that preceded June’s rally. CryptoQuant added that $74,600, the realized price for short-term holders, or their on-chain acquisition cost, could serve as a key support level, and holding that range could keep the bull-market structure intact.

Binance announced it will delist 14 tokens from its on-chain trading platform Binance Alpha at 8:00 a.m. UTC today. The tokens are SUP, CUDIS, PYTHIA, BLUM, KIN, DN, GAIA, STRIKE, CDL, KO, VRA, EPT, SLX, and CAI.

Upbit announced it will list KAIA at 9:30 a.m. UTC today for KRW, BTC and USDT trading pairs.

LD Capital founder Yi Lihua said on X that Bitcoin’s correction has not ended yet, citing the pace of the token’s decline over the past two days, and added that BTC is more likely to give up the $79,000 level before the market tests moves around $75,000. Yi said he had watched the correction that began from $86,000 but did not take an actual short position, as he still sees the broader uptrend as intact. He added that pullbacks are a normal part of price action even in a bull market, and stressed the importance of sticking to principles. In his view, a wiser approach in a rising market is to wait patiently and buy at lower levels rather than open short positions in anticipation of a correction, although he cautioned against trying to predict a bottom in advance because market conditions and momentum can change at any moment. Yi had recently said multiple times on X that a Bitcoin correction was likely to begin near $86,000.

Strategy founder Michael Saylor said in an interview with Binance that the digital asset industry’s gold rush will continue through 2035. Saylor said the crypto market remains in an early growth stage relative to the broader global asset market. He added that 99% of Bitcoin’s total supply will have been mined by 2035, which is why he expects the gold rush to continue until then. Saylor also said Strategy is accumulating Bitcoin in line with the scale of its capital raising and has set no upper target for its holdings. The company currently holds about 848,000 BTC, he added. Earlier, Bitmine Chairman Tom Lee said the ETH-accumulating company aims to hold 5% of Ethereum’s total supply and will pause additional ETH purchases for the time being.

Binance announced on its website the addition of a monitoring tag to Biconomy (BICO), Civic (CVC), and other tokens. The designation is similar to a delisting watchlist at South Korean exchanges. Tokens with a monitoring tag carry higher volatility and risk than other assets and may be delisted from the platform if they fail to meet Binance’s listing standards.

A smart trader wallet beginning with 0x2371, which posted total gains of $9.26 million across four trades over about three months starting June 28, opened a 20x long position worth 12,000 ETH, or about $29.88 million, during last night’s crypto sell-off, according to Lookonchain. The position’s entry price was $2,438, and the trader is currently sitting on about $620,000 in unrealized profit. According to CoinMarketCap, ETH was trading at $2,492.11, down 2.93%, at the time of reporting.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 48.76% long, 51.24% short - Binance: 49.12% long, 50.88% short - Bybit: 48.02% long, 51.98% short - Gate: 47.16% long, 52.84% short

Bitcoin miner MARA Holdings (NASDAQ: MARA) likely sold about $81.13 million worth of BTC overnight, according to a Lookonchain analysis based on on-chain data. Citing data from on-chain analytics firm Arkham, Lookonchain said an address believed to be held by MARA Holdings, beginning with 32i1m, transferred 996.105 BTC to a Galaxy Digital address at around 6:55 p.m. UTC yesterday. As Galaxy Digital provides OTC services for institutional investors, Lookonchain suggested the transfer may have been intended for a sale. According to CoinMarketCap, BTC was trading at $82,321.4, down 0.41%, at the time of writing.

Cardano founder Charles Hoskinson pushed back on Ethereum founder Vitalik Buterin’s claim that advances in AI could threaten the security of lattice-based cryptography. In a post on X, Hoskinson said lattice cryptography has been studied intensively by many researchers for decades, and existing attack methods have already been reflected in security parameter settings, making defenses possible. Hoskinson argued there was insufficient basis for calls to increase key sizes tenfold without a specific attack algorithm and cost analysis. Hoskinson added hash-based cryptographic structures also have algebraic structure, and attacks against real-world hash functions have also been seen. Hoskinson said there was no reason to view lattice-based cryptography as uniquely exposed to AI-related threats. A more reasonable response, Hoskinson said, would be to verify any real attack cases if they emerge and adjust security parameters accordingly, rather than avoid lattice cryptography, a major family of post-quantum cryptography, before any threat has been confirmed.

Tron founder Justin Sun said on Chinese crypto YouTuber Allen Xiao’s channel that he converted all of his assets into cryptocurrency in 2012 as part of a system upgrade aligned with the times, rather than to make money. Sun said assets such as real estate and cars belonged to an older era and could not be translated into a form machines could understand, while Bitcoin and other cryptocurrencies could be recognized by machines. Sun added that updating one’s system earlier ultimately improves the chances of long-term survival. Sun also said personal ambition was not about earning more money, describing money as a byproduct of doing the right things. Sun said financial rewards come naturally when society highly values that work and when the role it plays becomes more important over time.