Summary: Nine hedge funds cut $5.4B in Bitcoin ETF holdings as arbitrage profits vanished, while sovereign funds like Mubadala bought. Galaxy notes sellers exited due to shrinking futures basis, not bearish sentiment.
Summary: Strategy shareholders voted 99.3% in favor of amending preferred stock terms to allow daily dividend accruals. STRC begins this new schedule on November 1, while other preferred stocks follow in January, aiming to dampen share volatility.
Summary: Phantom integrated Kalshi to offer CFTC-regulated prediction markets, including 15-minute Bitcoin settlements, funded via CASH stablecoins. This launch follows March no-action relief, occurring amid rising legal disputes between the CFTC and states like Utah over gambling law supremacy.
Summary: JPMorgan, Coca-Cola, and five other major firms joined 26 others in objecting to OKXICE TSV, bringing total objectors to 33. Under SEC rules, timely objections bar specific venues from listing tokenized shares, though other platforms remain unaffected.
Summary: Treasury Secretary Scott Bessent asserts U.S. digital asset leadership will reinforce the dollar, citing stablecoins' role in global finance. Despite the CLARITY Act's Senate stall, he plans to use SEC and CFTC authority to fill regulatory gaps and protect crypto firms from debanking.
Summary: Bitwise raises its 2036 bitcoin target to $1.6 million, citing institutional demand and fixed supply. The firm projects 34.3% annual growth despite a 53.4% drop since late 2025, arguing this was the shallowest drawdown in history.
Summary: House Oversight Chair James Comer investigates Delaware's plan for AI-run companies, fearing liability shields for investors. He demands documents, including AI chat logs, by Nov. 9. Delaware defends the 'Artificial Intelligence Company' as a supervised sandbox for accountability.
Summary: Samara Asset Group CEO Patrick Lowry rejects the "Bitcoin treasury company" label, calling "digital gold" flawed marketing. He explains how his firm uses BTC as working capital for 20+ funds, contrasting with pure treasury plays like Strategy that face market skepticism.
Summary: Itaú Unibanco registered with Brazil’s central bank to offer crypto custody and intermediation under new SPSAV rules. The filing subjects the bank to strict asset segregation and capital requirements, consolidating crypto services among major institutions while excluding smaller Segment 5 banks.
Summary: Moody's rated Ripple's $2.6B RLUSD stablecoin A2/P-1, citing strong Treasury-backed reserves but noting current gaps in bankruptcy protection. The rating follows OCC approval for Ripple's national trust bank, enhancing institutional credibility ahead of the 2027 GENIUS Act.
Summary: Birch Hill, founded by ex-Goldman and BlackRock staff, raised $4M led by Multicoin to tokenize private credit. The firm curates vaults on Morpho and seeks FINRA broker-dealer status to sell accredited investor products.
Summary: Bithumb disclosed a data leak from its internal mobile groupware system, joining Daishin Securities and Mirae Asset in reporting breaches. Authorities are investigating the incidents, which follow a wider wave of attacks on South Korean financial firms.
Summary: Robinhood CEO Vlad Tenev warns that uncertain US tokenization rules deter large-scale investment, despite the SEC's temporary exemption. He calls for permanent legislation to ensure long-term stability, noting that current structures lack full shareholder rights.
Summary: U.S. and international authorities seized virtualine.net, a bulletproof hosting provider linked to ransomware, CSAM, and fraud. The service used unhosted Bitcoin payments to evade compliance, with on-chain data showing extensive ties to the global cybercrime ecosystem.
Summary: Chinese mainland stocks lost $2.4 trillion since May as investors doubt AI profitability. The STAR 50 fell 40%, with AI firms driving 57% of trading. U.S. curbs on robots and chips, alongside high global yields, exacerbate the sell-off.
Summary: Intel, IBM, Oracle, and IonQ objected to OKXICE's tokenized stock plans, bringing total dissenters to 26. This represents 41% of proposed participants rejecting the SEC-exempted venture despite ICE's backing.
Summary: Akamai launched Agent Sandbox in beta to isolate AI agent code using WebAssembly, responding to security risks like the Hugging Face incident. Palo Alto Networks reports 79 AI agents per human identity, driving urgent market consolidation among cybersecurity firms.
Summary: Robinhood integrates Ripple's RLUSD stablecoin and treasury software across its platforms, including Bitstamp and Robinhood Chain. The partnership enables institutional settlement on the XRP Ledger and adopts Ripple Prime for lending, expanding crypto infrastructure usage.
Summary: Intel, Oracle, IBM, and IonQ joined 22 other firms objecting to OKXICE TSV tokenized stock trading. The objection count tripled in two weeks, highlighting concerns over SIPC coverage gaps and liquidity risks in the SEC-exempted venue.
Summary: The CFTC is probing whether Polymarket breached its 2022 settlement by letting US users trade on its offshore platform. Investigators are examining location controls, advertising, and customer protections, reviving an inquiry previously closed without charges.