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Blast is shutting down its Ethereum layer-2 network after saying maintenance costs exceed revenue. Users should withdraw through the normal interface by Oct. 26, while a roughly one-week Lido unwind will temporarily pause withdrawals before they reopen with a 24-hour delay.
Stablecoin issuers have added about $200 billion in US Treasuries and repurchase agreements over five years, replacing more than 40% of China’s reduced holdings. The shift strengthens short-term Treasury demand, while differing maturities mean stablecoins cannot fully replace China as a buyer of longer-term US debt.
California Attorney General Rob Bonta’s office has subpoenaed OpenAI for information about cybersecurity incidents involving its AI models, including the Hugging Face intrusion. The action adds to growing scrutiny from other state attorneys general and federal regulators over model safety and cyber risks.
Blast is shutting down its Ethereum layer-2 network after operating costs exceeded revenue. Users can withdraw through Blast until Oct. 26, after which they must use bridge contracts directly on Ethereum to access their assets.
Circle has urged the European Commission to replace MiCA’s mandatory bank-deposit minimums for stablecoin reserves with more flexible liquidity rules. The issuer also wants the EU to preserve cross-border multi-issuance as regulators review the framework.
Spanish police arrested a 16-year-old Romanian national suspected of running the KillSec ransomware group. The Operation KillSwitch crackdown also involved arrests in Britain and Romania, seizure of 110 terabytes of stolen data and efforts to trace cryptocurrency proceeds.
The SEC has proposed a framework clarifying how registered investment advisers and regulated funds can custody crypto. The plan would allow certain self-custody arrangements, recognize state trust companies and update related audit and broker-dealer rules.
Bitcoin entered October with a strong technical trend but remained below $84,433 as higher interest rates and softer ETF flows challenged the “Uptober” narrative. Prediction markets showed confidence in a move toward $85,000, but assigned only 7% odds to a new all-time high before 2027.
The $387.5 million Bitget hack has intensified debate over whether THORChain could face legal claims for processing stolen funds. A crypto lawyer says decentralization may protect the protocol, but any demonstrated control could weaken that defense.
Wallets linked to the $387.5 million Bitget hack moved about $3.9 million in Zcash into Ironwood, a shielded pool that hides senders, recipients and amounts, making the funds harder to trace while leaving some entry and exit data visible.
OpenAI, Google, Meta, Anthropic, Nvidia and xAI signed a voluntary White House agreement to permit independent reviews of AI safety controls. The pact covers cyber, biological and chemical risks, but includes no penalties, disclosure requirement or deadline for implementation.
SlowMist says the earliest activity tied to Bitget’s roughly $388 million theft began with an Aug. 31 zero-day exploit in a third-party security product. Investigators also found access to another security platform and a customized tool used to generate fraudulent withdrawals.
BBC director-general Matt Brittin has called a 50-minute AI-generated Doctor Who episode “pretty good,” while saying artificial intelligence will not replace humans. His comments follow audience backlash to an earlier BBC experiment using generative AI for Doctor Who marketing.
The post U.S. Strategic Bitcoin Reserve: Why 328,372 BTC Isn’t the Full Story appeared first on Coinpedia Fintech News Eighteen months after President Donald Trump signed Executive Order 14233, the U.S. Strategic Bitcoi...
Coinbase and Citi have specified two institutional stablecoin payment services: stablecoin acceptance through Spring by Citi and automatic conversion of incoming fiat through Coinbase Virtual Accounts. The companies have not disclosed customers, transaction volumes, pricing, eligible currencies or supported stablecoins.
GoPlus has linked hundreds of Robinhood Chain memecoins to a wallet network with more than $9 million in gross flows. The finding follows a separate suspected operation tied to at least 53 launches, increasing scrutiny of supply concentration and coordinated token selling on the fast-growing layer-2.
A crypto-aligned political action committee has reported $11.4 million in advertising supporting Republican Jon Husted and opposing Democrat Sherrod Brown in Ohio’s Senate race, as Fairshake advances a planned $30 million campaign.
The post BGB Token Price Faces Fresh Pressure to Fall Under $1 After Bitget Hack appeared first on Coinpedia Fintech News BGB token price is back under pressure as the token struggles below the $2.0-$2.20 resistance bel...
