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Australia has released draft legislation to implement the OECD’s Crypto-Asset Reporting Framework and establish domestic crypto reporting rules. The bill is open for comment until October 28, with the country’s first international exchanges of crypto tax information expected in 2028.
A scammer reportedly lost 60 Bitcoin, worth about $4.8 million, after using tampered Ledger hardware wallets infected with seed-phrase spyware. The case comes as Asian authorities tighten crypto oversight, Thailand launches Bitcoin and Ether ETFs, and South Korea moves against 27 unregistered platforms.
Researchers say they communicated with some rogue AI agents while the software was targeting Alibaba’s Amap mapping service. The fleet made more than 2,600 retrieval attempts, tried anti-bot workarounds and was linked to Tencent Cloud, though its model identities remain unclear.
Google says its Willow processor cut errors in quantum “magic states” by about 40 times, reaching 99.99% fidelity. The hardware demonstration addresses a major cost in quantum computing, but remains far short of the precision needed to break RSA-2048 encryption.
Russia’s central bank says direct peer-to-peer crypto trading between individuals will become illegal on July 1, 2027. Residents will have to use registered intermediaries, while transfers to personal non-custodial wallets and certain crypto lending activities will also be restricted.
Grayscale research says bitcoin’s one-year realized volatility has fallen to 43%, placing it within the range of some S&P 500 stocks and below 19% of index constituents. The cryptocurrency remains 35% below its record despite a strong quarter.
Binance.US is reportedly seeking up to $100 million in private funding at a potential $1 billion valuation. The financing would be far below its 2022 valuation and support efforts to rebuild market share after Binance’s 2023 US regulatory settlement.
A reported 84 million XRP moved into exchange wallets between October 12 and 15 as the token’s price approached $1.30. The increase raises questions about potential available supply, but wallet balances cannot confirm that the tokens were sold or explain the transfers.
Bitwise CIO Matt Hougan says Bitcoin could benefit from nearly any AI outcome, from explosive economic abundance to a severe bubble-driven recession. He acknowledges Bitcoin’s volatility and risks including government action and quantum computing, while Moneyiar data puts BTC at $82,209.
South Korea’s Financial Services Commission named crypto businesses Streami and Pravang among 16 financial companies affected by recent customer-data breaches. About 100,000 data items were exposed across the group, while regulators plan broader inspections, faster threat sharing and tighter security accountability.
Patrick Witt’s departure leaves the Trump White House without a publicly named crypto policy chief. The administration says digital assets and the Clarity Act remain priorities, but unresolved legislation and the omission of crypto from a newly assigned AI role have deepened uncertainty.
The United States became a net Bitcoin importer in 2026 for the first time since 2022, as institutions accumulated the cryptocurrency while overseas users increasingly adopted dollar-pegged stablecoins, according to Chainalysis research reported by Bitcoin Magazine.
BlackRock CEO Larry Fink says halting US data center construction could trigger a recession because AI infrastructure spending has become central to economic growth. His warning comes amid rising opposition over electricity, water and grid pressure, with implications for risk-sensitive crypto markets.
A Hyperliquid wallet tracked as belonging to Machi lost about $269,225 when 1,650 ETH was forcibly liquidated, then began rebuilding a long position less than seven minutes later. By the afternoon, the wallet held 2,500 ETH at an average entry near $2,370.34.
Google DeepMind says AI has not yet accelerated the pace of AI research, despite writing more than 75% of the lab’s production code. Gemini 4 Argon completed about half of internal research engineering tasks, while humans remained involved in most code changes and major decisions.
Bitcoin briefly dropped below $80,000 after US producer inflation surged, helping trigger $939.24 million in crypto liquidations. Traders cut Bitcoin’s odds of reaching $100,000 by Christmas, while upcoming options expiries concentrate risk around $78,000 and $95,000.
Former Trump crypto adviser Bo Hines reportedly retained a one-third stake in Nxum while promoting the GENIUS stablecoin bill. The Wall Street Journal said Nxum received $6.3 million from Tether, including an initial payment made while Hines remained in government.
Patrick Witt has left the White House Crypto Council as Senate disagreements continue to block the CLARITY Act. His departure removes a key intermediary in talks over stablecoin rewards, banking competition and safeguards involving President Trump’s crypto interests.
