Anthropic reviews Claude boundary crossing attacks: Pre-incident warnings are effective, post-incident alerts prove ineffective.
Beating AI News Flash: Anthropic and the UK AI Security Institute (AISI) have released a new security investigation. Earlier, during cyber attack-defense trials, Claude Mythos 5, in an attempt to breach a simulated system, targeted real GitHub open-source projects. It submitted modifications laced with malicious code, registered fake accounts posing as real users, and sent emails and messages to lobby for approval, trying to trick developers into merging the changes. Human maintainers ultimately rejected the code, foiling the attack.
The new probe identifies a far more problematic issue: once an AI initiates an attack, it is extremely hard to halt. Mythos 5, despite interacting with real developers, consistently misidentified them as test roles arranged by evaluators. Even after researchers explicitly informed the model it was attacking real people, it only stopped in 5% of relevant replay experiments. However, advance warnings yielded starkly different results. Anthropic adjusted pre-attack reasoning logs to prompt Claude to consider potential harm to real individuals, then regenerated task summaries. This cut the model’s rate of continuing to seek GitHub attack targets from 83% to 13%. Once in the mid-to-late stages of an attack, 98% of replay results still followed the original path. Researchers term this phenomenon of continuously reinforcing established actions "Momentum": past actions and phase summaries make the model increasingly convinced it is on the correct course.
20 minutes ago
Yilihua: Believes ideal bottom-fishing opportunities will emerge in the future market, and patience is the most critical test for investment and trading.
Yilihua, founder of Liquid Capital, stated in a post that patience is the most critical test for investment and trading. When Ethereum (ETH) was fluctuating around $3,000, many investors couldn’t hold back and ended up buying at the mid-peak when attempting to catch the dip. Recently, Bitcoin has also been in a prolonged consolidation phase since its pullback from $86,000, so it’s vital to exercise self-control. He believes there will be great opportunities to buy the dip later. The dividend era of the crypto industry has passed, and only by truly enhancing one’s market cognition and mental fortitude can one achieve excess returns.
20 minutes ago
U.S. SEC Unveils Fiscal Year 2027 Examination Priorities, Focusing on Tokenization, Cybersecurity, and Risks from Advanced Technologies
The U.S. Securities and Exchange Commission (SEC) has released its fiscal year 2027 examination priorities, outlining key regulatory focuses for its examination and compliance division in the coming year. The framework aims to promote compliance, prevent fraud, identify and monitor risks, and inform regulatory policy development.
Developed based on input from all SEC divisions, prior examination findings, market shifts, investor concerns, and emerging industry trends, the priorities cover over 34,000 registered entities including investment advisors, investment companies, broker-dealers, clearing agencies, and other market participants.
SEC Chair Paul S. Atkins stated that the examination program is a critical tool for enforcing securities law compliance and protecting investors, helping to identify emerging risks, understand evolving business practices, and uphold the integrity and resilience of U.S. capital markets.
The SEC’s listed priority examination areas for FY2027 include: fiduciary duties, conflicts of interest, and compliance mechanisms for investment advisors; protections for retail investors, particularly for complex, high-risk, and low-liquidity products; private funds, private credit, and other complex investment strategies; financial responsibility, trading conduct, oversight frameworks, and anti-money laundering compliance for broker-dealers; operational resilience, cybersecurity, and customer information protection.
Additionally, the SEC will monitor the impact of advanced technologies such as superintelligent systems on market operations, compliance, fraud prevention, and investor protection, as well as risks from market infrastructure changes like U.S. Treasury clearing reforms and asset tokenization. It will also strengthen oversight of self-regulatory organizations and other key market participants.
20 minutes ago
Bitcoin Core adjusts its vulnerability disclosure policy, and will accelerate the remediation and public disclosure of vulnerabilities detectable by AI.
Bitcoin Core, the core software run by the majority of nodes on the Bitcoin network, is adjusting its vulnerability disclosure policy. On Thursday, project maintainers merged a security policy update: for vulnerabilities that can be re-discovered via AI tools, the team will no longer delay disclosing fixes for months as it did previously.
Previously, Bitcoin Core classified all reported security vulnerabilities by severity and scheduled disclosure timelines accordingly. Low-severity flaws were disclosed two weeks after the next major version release; medium and high-severity vulnerabilities remained confidential until two weeks after the last affected version reached end-of-life. The original intent of this mechanism was to quietly release fix patches while delaying public disclosure of vulnerability details, to prevent attackers from learning about flaws before users running Bitcoin nodes could complete upgrades.
Bitcoin nodes are responsible for verifying and relaying every Bitcoin transaction. However, this framework was built on the premise that discovering vulnerabilities requires specialized technical skills. As AI tools have grown increasingly prevalent, the methods for finding vulnerabilities have shifted, undermining the old mechanism. Bitcoin Core will implement rapid disclosure and remediation for vulnerabilities that can be found simply by inputting basic prompts into AI models, replacing the previous confidentiality period for vulnerabilities that could last around a year.
Maintainers noted that this adjustment will speed up fixes for vulnerabilities easily re-discovered by AI, but related updates may not receive the same level of testing before being released to users. This policy update comes amid a surge in AI-assisted security vulnerability reports. A prior review of 390 Bitcoin-related projects identified a total of 4,962 potential vulnerabilities, 85 of which were classified as critical.
20 minutes ago
U.S. CFTC: Closely monitoring prediction markets for any potential manipulation.
The U.S. Commodity Futures Trading Commission (CFTC) said it is closely monitoring prediction markets for any potential manipulation.
20 minutes ago
US crypto-related stocks traded mixed, with BNC rising more than 5%.
According to market data from BIT (bit.com), US-listed cryptocurrency-related stocks were mixed, with CRCL rising 1.14%, MSTR up 1.98%, HOOD gaining 0.3%, BMNR increasing 1.56%, COIN down 0.17%, and BNC surging 5.39%.
Tokenized assets are spreading across major blockchain ecosystems. With the 1inch Swap API, developers can add RWA swaps across leading networks and access assets from providers including Ondo, xStocks, Maple and Coinbase.
Want to add RWA swaps to your wallet, app or platform? The challenge is no longer just finding tokenized assets. It is connecting users to them across different chains, issuers and liquidity models.
The 1inch Swap API already connects applications to tokenized assets from several major providers across some of the most important RWA networks. Developers can integrate the API once and use 1inch infrastructure as the RWA market expands across chains.
Ethereum: the center of the RWA ecosystemMeanwhile, Ethereum remains one of the key networks for tokenized assets - and offers some of the broadest RWA coverage through 1inch.
The 1inch Swap API supports Ondo, xStocks and Maple assets on Ethereum, giving developers access to different types of tokenized assets through the same integration.
Ondo Global Markets brings tokenized stocks and ETFs onchain, while xStocks provides another expanding range of tokenized equities. Maple adds another dimension to the RWA market, extending the available asset mix beyond tokenized stocks.
Ondo alone has already demonstrated substantial demand through 1inch. Earlier this year, Ondo RWAs surpassed $2.5 bln in volume on 1inch.
BNB Chain: another home for tokenized stocksBNB Chain is another major network for RWA distribution. Both Ondo and xStocks are supported there through 1inch infrastructure. Ondo initially launched its Global Markets assets across Ethereum and BNB Chain, while xStocks has also expanded tokenized equity access across the ecosystem.
For applications already serving BNB Chain users, the 1inch Swap API offers a way to add supported tokenized assets without building a separate RWA execution layer.
Base: tokenized assets meet Coinbase infrastructureBase is also developing into an important network for tokenized markets.
Coinbase recently launched a range of tokenized stocks on Base using B20, its protocol-level standard for fungible assets. The initial selection includes assets linked to Apple, Alphabet, Meta and Nvidia.
Supported Coinbase tokenized assets are available through 1inch, bringing them into the same swap infrastructure used for crypto-native tokens. Because B20 remains compatible with ERC-20 infrastructure, the assets can work with existing wallets, exchanges and DeFi applications.
For developers, Base adds another route for bringing tokenized traditional-market exposure into an existing DeFi product.
Robinhood Chain: built around tokenized marketsSome networks are adding RWAs to an existing DeFi ecosystem. Robinhood Chain is being built with tokenized financial markets at its core.
1inch supports RWA swaps on Robinhood Chain across its API stack. Developers can use the same 1inch endpoints they already work with while adding the chain to their applications.
Robinhood Chain supports 24/5 RWA trading, reflecting the trading hours of many underlying traditional-market assets.
For developers building specifically around tokenized stocks and other RWAs, that makes the network particularly relevant.
One API for a multichain RWA marketThe RWA market is becoming increasingly multichain. xStocks adds another tokenized-stock ecosystem. Maple brings additional RWA products to Ethereum. RWA swaps are supported on Robinhood Chain, while Coinbase is bringing its own tokenized assets to Base.
Building separate integrations for every issuer, network and liquidity source would add considerable complexity. The 1inch Swap API provides a common execution layer.
1inch acts as a non-custodial aggregation and execution layer rather than an issuer or custodian of the underlying assets. Supported RWA tokens are exposed through the API according to technical, liquidity and compliance criteria, while availability and trading conditions can vary by issuer, asset, network and jurisdiction.
For an app or wallet, that means RWA functionality can become part of the same swap experience already used for crypto-native assets.
Build RWA swaps with 1inch.
Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal or tax advice. 1inch does not issue, sponsor or manage the tokenized assets described above; they are issued by third parties and are subject to issuer terms, eligibility requirements and jurisdictional restrictions. Availability through the API depends on the asset, network and jurisdiction, and integrators are responsible for their own regulatory compliance in the markets they serve. 1inch makes no representation or warranty as to the composition, backing, redemption or performance of any tokenized asset.
As our ecosystem has grown, several early initiatives have been phased out or integrated, while our core offerings have matured. To sharpen our strategic focus, JUST has restructured its brand architecture around three flagship product lines and unified all governance and buybacks under JUST DAO. Alongside this upgrade, our redesigned official website is now live. Here are the key updates:
I. Core Product Architecture
JUST is an open finance network for the global on-chain economy, rooted in TRON and connected to global markets. It continuously repurchases JST using real business revenue. The ecosystem mainly focuses on the following three core product lines:
JustLend: Put TRON assets to work through lending, sTRX, and Energy services for higher efficiency.
GasFree: Pay transfer fees directly in USDT or USDD to make on-chain transactions frictionless for everyone.
USDD: Access stablecoin liquidity and yield opportunities through overcollateralized minting, PSM swap, and structured products.
Alongside these three products, several other ecosystem businesses make up the full JUST suite.
II. Governance and Buybacks Unified Under JUST DAO
JST serves as the core governance token across the JUST ecosystem, used to submit proposals and cast votes. Governance and buyback-and-burn operations are now formally unified under JUST DAO. Operations previously managed by JustLend Grants DAO have migrated entirely to JUST DAO, establishing a single governance hub across JustLend, USDD, GasFree, and other ecosystem initiatives.
JST's long-term value accrual is anchored in real protocol revenue generated across the ecosystem. Revenue from JustLend and GasFree will continue to fund JST buybacks, and net revenue from USDD exceeding $10 million will be allocated directly toward the buyback program. Historical buyback and burn records will be archived and detailed on the official analytics page, now under the JUST DAO name, to maintain full data auditing and traceability.
Governance infrastructure has also been migrated directly to the JUST official website, providing a single interface for ecosystem-wide proposals and voting.
III. New Official Website & Whitepaper
The redesigned JUST website is now live, featuring an integrated analytics dashboard and a dedicated buyback-and-burn tracker. All historical and ongoing burn metrics are updated regularly for full on-chain transparency.
The JUST Whitepaper has also been updated to detail the ecosystem's streamlined architecture, core product lines, and revised JST tokenomics.
Going forward, JUST DAO will continue to build long-term value for JST through a clearer business structure and more transparent data disclosure. We invite you to explore the new official website and the upgraded JUST ecosystem.
Beating AI Express: Liquid AI has launched a real-time inference engine named RIPL, which enables its small-scale AI models to generate outputs in tens of milliseconds, targeting high-speed-demanding business use cases including search ranking, ad matching, and payment risk control. While mature AI models already exist in these sectors, they typically require task-specific training. Language models can directly parse user input, generate keywords, or make judgments, but their inference speed often fails to meet the demands of real-time operations. RIPL is a system built specifically to accelerate the performance of Liquid AI’s existing models, optimizing the entire workflow from request reception to full result delivery. The company conducted tests on a single NVIDIA B200 GPU: under a load of 1,000 requests per second with 32 tokens for both input and output, the 1.2B-parameter LFM2.5 model completed 95% of requests in 34.6 milliseconds. For comparison, Qwen3.5-0.8B paired with vLLM took roughly 498 milliseconds, a 14.4x gap.
Andreessen Horowitz is rebranding its dedicated cryptocurrency investment practice as a16z Frontier, broadening its mandate beyond blockchain-focused startups to encompass a wider range of emerging technologies.
The change, announced on October 22, 2026, by managing partner Chris Dixon, frames the shift as an expansion rather than a departure.
The firm will continue investing in crypto and related ventures while advocating for sensible regulation in the space.
The new name reflects a focus on “frontier startups”—companies developing novel technologies and creating markets that may require years to mature. Dixon explained that crypto once existed as a relatively isolated domain.
As blockchain infrastructure has gained wider adoption, the distinctions have blurred.
Financial institutions and fintech firms now routinely launch products built on blockchains, making the “crypto company” label less useful. Companies are better defined by the problems they solve and the products they deliver than by the underlying tools they employ.
This approach aligns with a longstanding investment philosophy at the firm of supporting technologies that appear futuristic well before mainstream acceptance.
Dixon, who joined Andreessen Horowitz in 2013, previously emphasized long-horizon bets.
One earlier theme involved new computing devices enabled by cheaper cameras, sensors, and chips following the smartphone boom; that led to investments in areas such as virtual reality headsets and drones.
Crypto represented another major wave, building on social networks and open-source principles.
It facilitated community-driven adoption of networks like Bitcoin and Ethereum and extended open models to services and protocols.
That perspective guided early support for Coinbase and subsequent investments in projects including Solana and Uniswap.
The current expansion coincides with a major technology cycle centered on artificial intelligence.
While the buildout of models and infrastructure continues, the technology is already advanced enough to enable a new generation of products and services.
Dixon highlighted interest in native applications—entirely new activities that were not previously possible—rather than simply accelerating existing work such as coding or knowledge tasks.
Early experiments may initially resemble toys or hobbies, but some can scale if their improvement trajectories prove exponential.
Advances in AI are also expected to make software and hardware easier to create, fueling new devices.
These include autonomous machines capable of perceiving, reasoning, and acting in the physical world, as well as applications drawing on progress in biology and medicine.
Full-stack startups that integrate software, hardware, and services may become more common as founders seek novel forms of defensibility.
AI could further reshape company-building itself as agents gain greater autonomy.
New networks connecting people and intelligent agents—many beginning as individual tools before evolving into multi-user systems—represent another area of opportunity.
Such machine-oriented networks will differ significantly from those designed primarily for humans.
Blockchains retain a meaningful role in this landscape.
Crypto has established fast, low-cost, global, and programmable money rails. Stablecoins are becoming standard tools for fintechs and institutions, while programmable ledgers support both centralized and decentralized financial services.
These capabilities can equip new networks with native economic functions, facilitate machine-to-machine transactions, and provide fresh mechanisms for bootstrapping activity.
Dixon will lead a16z Frontier alongside firm founders Marc Andreessen and Ben Horowitz, together with general partners Eddy Lazzarin and Guy Wuollet.
The firm’s operating teams will continue assisting portfolio companies with regulatory matters, go-to-market strategy, talent, marketing, and technical research and development.
The announcement emphasizes that past technology waves rarely produced the precise outcomes predicted in advance, and that founders are expected to create unforeseen categories. Dixon noted that some of the most important technology developments remain ahead and invited founders working on what comes next to engage with the team.
James Wynn Returns with 40x Short on 0.4947 $BTC at $40.5K
James Wynn(@JamesWynnReal) is back after 49 days!
He opened a 40x short on 0.4947 $BTC ($40.5K), with a liquidation price of $82,671.48.
11 minutes ago
Kalshi plans to launch futures contracts tracking U.S. CPI and core inflation metrics in December.
According to Bloomberg, Kalshi is venturing into new territory to compete with traditional financial trading platforms, pitching its U.S. inflation-linked futures market to large global banks and hedge funds. People familiar with the matter said the New York-based firm, known for its prediction markets, plans to launch futures contracts tracking the U.S. Consumer Price Index (CPI) and core inflation metrics (excluding food and energy prices) on its trading platform in December. Kalshi has hired Michael Ashton, a former trader at Barclays, to design the contracts and attract large institutional investors. Ashton, who is skilled in inflation trading, is nicknamed "Mr. Inflation".
11 minutes ago
Google has released the Gemini API CLI, enabling Claude Code, Codex to directly call its image generation, video creation, and other capabilities.
Beating AI News Flash: Google AI Studio has launched the open-source Gemini API CLI, a tool that enables AI agents such as Claude Code and Codex to directly call Google’s multimodal models. For example, when using Codex to build a website, users can invoke Gemini to generate images, videos, voiceovers, analyze PDFs, and transcribe audio. The tool also supports Deep Research, allowing users to assign complex research tasks to Google’s research agent and retrieve results after completion. Previously, integrating these features required agents to look up model names and write API call scripts; now, users only need to configure a Gemini API key to operate it via the command line. Additionally, the tool can query available models and parameters, and saves generated files locally, avoiding the need to load large volumes of content into the context window.
11 minutes ago
Pre-Market News Roundup for US Stocks: Tesla and SpaceX merger may face antitrust scrutiny, OpenAI nears completion of new funding round.
Key pre-market news for U.S. stocks on Friday is as follows: 1. SpaceX’s potential merger with Tesla faces antitrust scrutiny; the company is in talks to connect 80,000 cellular sites to build a new network. 2. OpenAI is nearing completion of a new funding round, seeking to raise up to $30 billion at a pre-money valuation of $1.25 trillion. 3. California Public Employees’ Retirement System (CalPERS), the largest U.S. public pension fund, is adjusting its asset allocation: cutting direct holdings in the "Magnificent Seven" tech giants while increasing exposure to private equity. 4. SK Hynix has scrapped the pre-IPO financing and IPO plans of its subsidiary Solidigm. 5. U.S. spot Bitcoin ETFs saw a net outflow of $635 million yesterday, with Ethereum ETFs recording a net outflow of $110 million.
11 minutes ago
Phantom launches Kalshi prediction markets for US users.
Crypto wallet provider Phantom is launching Kalshi’s prediction market for U.S. users, allowing customers to trade event contracts directly within its app. The feature rolled out on Friday, October 23, and will be gradually expanded to more users over the coming weeks. Phantom users must complete Kalshi’s Know Your Customer (KYC) verification to access the function. The launch comes as multiple U.S. states are raising questions about Kalshi. When asked if the related legal disputes are a concern for Phantom, Phantom’s General Counsel Kevin Jacobs said the company is confident in moving forward with the business.
11 minutes ago
CZ: 99% of startup ideas are worth trying, the key lies in whether the team can execute them properly.
Binance founder CZ posted that people often ask him whether his startup ideas are viable, as if his opinion holds much weight. He noted that as long as a team has strong enough execution, 99% of ideas are good, but the key issue is that 98% of teams fail to execute effectively. Therefore, instead of pitching startup ideas, one should directly demonstrate their execution capabilities.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Cysic dangles a 10% bounty, hacker pours loot into Tornado CashThe attacker moved $744,000 in ETH and BNB to Tornado Cash after exploiting Cysic’s bridge to mint 10 million tokens on BNB Smart Chain.
The wallet linked to the Cysic bridge exploit sent about $744,000 in cryptocurrencies to Tornado Cash on Friday after the Cysic Foundation offered the attacker a 10% recovery bounty.
The address transferred 300 Ether (ETH) and 30.4 BNB to the crypto mixer, according to blockchain security company PeckShield.
The hacker exploited a bridge vulnerability to mint 10 million Cysic (CYS) tokens on BNB Smart Chain on Saturday. Cysic suspended the bridge and blacklisted the recipient address, freezing about 2.8 million of the newly minted tokens. The foundation said its mainnet and existing assets in user wallets were unaffected.
The following Thursday, the Cysic Foundation offered the hacker a 10% bounty in exchange for returning 275.872 ETH, worth about $665,000, representing roughly 90% of the identified Ether proceeds.
Tornado Cash pools deposits from multiple addresses, making the funds harder to trace. The attacker’s Ethereum wallet held just $45 in ETH at press time, according to Akham data.
Cointelegraph contacted the Cysic Foundation for comment on fund recovery efforts but did not receive a response by publication.
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Cysic dangles a 10% bounty, hacker pours loot into Tornado CashThe attacker moved $744,000 in ETH and BNB to Tornado Cash after exploiting Cysic’s bridge to mint 10 million tokens on BNB Smart Chain.
The wallet linked to the Cysic bridge exploit sent about $744,000 in cryptocurrencies to Tornado Cash on Friday after the Cysic Foundation offered the attacker a 10% recovery bounty.
The address transferred 300 Ether (ETH) and 30.4 BNB to the crypto mixer, according to blockchain security company PeckShield.
The hacker exploited a bridge vulnerability to mint 10 million Cysic (CYS) tokens on BNB Smart Chain on Saturday. Cysic suspended the bridge and blacklisted the recipient address, freezing about 2.8 million of the newly minted tokens. The foundation said its mainnet and existing assets in user wallets were unaffected.
The following Thursday, the Cysic Foundation offered the hacker a 10% bounty in exchange for returning 275.872 ETH, worth about $665,000, representing roughly 90% of the identified Ether proceeds.
Tornado Cash pools deposits from multiple addresses, making the funds harder to trace. The attacker’s Ethereum wallet held just $45 in ETH at press time, according to Akham data.
Cointelegraph contacted the Cysic Foundation for comment on fund recovery efforts but did not receive a response by publication.
Subscribe to daily byte-sized crypto news from Cointelegraph Subscribe Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
TLDR The XRP Ledger’s total stablecoin market cap fell 13.19% in a week to about $999.9 million. XRPL still ranks 12th in the world by stablecoin supply, one spot ahead of Aptos. RLUSD, which holds over 90% of XRPL stablecoin value, dropped 14.39% to around $907 million. Ripple burned $50.6 million RLUSD on XRPL and minted $38.6 million on Ethereum. Cross River Bank, Arf and Standard Chartered have all launched new RLUSD services. The XRP Ledger’s stablecoin market has shrunk over the past week. Data from DefiLlama shows that the total stablecoin market cap on XRPL fell 13.19% in seven days.
The figure now stands at about $999.9 million. That puts it just under the $1 billion mark.
Despite the drop, XRPL still ranks 12th in the world by stablecoin supply. It sits one spot ahead of Aptos, which holds 13th place.
XRP Price on CoinGecko RLUSD Leads the Decline Ripple’s dollar-pegged stablecoin, RLUSD, makes up most of the stablecoin value on the ledger. It accounts for about 90.75% of the total.
RLUSD’s market cap on XRPL fell to around $907 million as of October 22, 2026. That is a 14.39% drop over seven days.
Earlier in October, total stablecoins on the ledger had climbed above $1.3 billion. The current level is well below that peak.
Recent mint and burn activity helps explain the move. According to CoinGape, Ripple Treasury minted $38.6 million RLUSD on Ethereum while burning $50.6 million on XRPL.
That resulted in a net $12 million cut in circulating supply. The pattern points to Ripple moving RLUSD liquidity from XRPL toward Ethereum.
Institutional demand appears to be drawing RLUSD to Ethereum, where DeFi and collateral use cases are more developed. Because one issuer controls over 90% of XRPL’s stablecoin supply, Ripple’s decisions directly move the ledger’s numbers.
RLUSD’s total supply across all chains remains between $2.35 billion and $2.4 billion. This suggests the token is being spread across networks rather than shrinking overall.
New Partnerships on the XRP Ledger Ripple has continued to add partners on XRPL. Cross River Bank recently integrated RLUSD into its core banking platform on the ledger.
The integration gives fintech firms access to RLUSD-based settlement, cross-border transfers and blockchain payments. Growth in settlement volume from these partners could bring supply back to the ledger over time.
Ripple has also teamed up with Arf to provide RLUSD-backed working capital to licensed cross-border payment firms on XRPL. Arf plans to deploy that liquidity through XRPL’s native lending protocol once it goes live.
Standard Chartered has opened institutional custody for RLUSD through its Dubai DIFC branch. The service gives regulated clients a way to hold the stablecoin.
XRPL passed Stellar in stablecoin supply earlier this year as RLUSD grew. It still holds that lead after this week’s pullback.
Market watchers are now tracking whether supply returns to the $1 billion to $1.2 billion range. They are also watching how Ripple splits RLUSD mints and burns between XRPL and Ethereum.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
White.market, a CS2 skins marketplace, together with WhiteBIT are launching Cache Back. The campaign combines in-game item trading with rewards in Tether Gold (XAU₮), a digital token backed by physical gold.
From October 14 to December 12, 2026, users who purchase CS2 skins on white.market can receive up to $25 worth of XAU₮ in their WhiteBIT accounts.
For white.market’s trading community, this opens not only access to more than one million CS2 skins, but also the opportunity to receive a reward in a digital asset that represents ownership of physical gold.
Skins have long outgrown their purely in-game function. They’re collected, resold, and rare items can be worth thousands of dollars: according to analyst estimates, the secondary CS2 skin market’s capitalization ranged between $4.3–6 billion in 2025–2026, with players opening over 400 million cases each year (SteamDB). Cache Back adds a new element to that experience — an introduction to tokenized gold through a purchase players already make.
Gold has long been viewed as a store of value, and tokenization now makes it as easy to hold as any digital asset — without a vault or physical storage. XAU₮, issued by Tether, is one of the largest tokens that provides you ownership of real physical gold.
XAU₮ tokens are divisible into increments as small as 0.000001 fine troy ounce of gold held in a Swiss vault.
Cache Back sits precisely at the intersection of these two trends — the excitement of the skin market and growing interest in stable digital assets.
A single skin purchase of $20 or more during the campaign period qualifies for cashback. A standard skin earns $20 in XAU₮, while a skin from the Gold Collection earns $25. Each participant may receive the cashback only once during the entire campaign. The reward is credited automatically, but withdrawing, trading, or converting it requires completed KYC verification on WhiteBIT, to be finished by December 31, 2026.
Gold Tickets can also be earned without a purchase, through Quick Learn — short educational cards explaining what XAU₮ is and how it is backed by physical gold.
Participation opens on October 14. Only users whose Steam accounts were registered before the start of the campaign can take part. To join, sign in to white.market via Steam and connect a WhiteBIT account. Full terms are available on the campaign page.
WhiteBIT and white.market are part of W Group. W Group is a global fintech ecosystem that brings together high-tech companies across blockchain, cryptocurrencies, traditional finance, and media.
The campaign’s materials, including Quick Learn, are for informational and educational purposes only and do not constitute investment, financial, or trading advice. Full terms, including a list of countries and jurisdictions with participation restrictions, are available on the campaign page on white.market.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Gate.io has released its latest Proof of Reserves (PoR) report, showing that it holds more XRP than its customers collectively have on the exchange.
The Proof of Reserve, released on Oct. 20, 2026, puts XRP’s reserve ratio at approximately 115%, meaning Gate holds 15% more tokens than customers have deposited.
Based on the audit snapshot from Oct. 18, 2026, the report also shows that the exchange holds more than its customers’ balances across every other major asset class. Gate has published verified reserve reports since 2020.
Gate Strengthens Its Overall Reserve Coverage Gate’s October report reveals that customers held a combined $7.332 billion in assets on the platform at the time of the snapshot, including more than 52 million XRP.
The exchange held $8.688 billion in total reserves, bringing its overall reserve ratio to 118.49%. This marks an increase from the 117.26% recorded in the previous reporting period.
Gate’s reserves exceeded customer balances by $1.356 billion, giving the exchange an additional buffer to meet withdrawals if many customers seek to withdraw their assets at once.
Gate has maintained excess reserves throughout 2026, building on its first PoR audit in 2020. Its reserve ratio stood at 125% in January, when total reserves reached $9.478 billion, before falling to 122% in March.
The October ratio is lower than both earlier figures, partly due to the effect of a larger and faster-growing customer base. However, Gate still holds more than $1.3 billion above its customers’ combined balances, which keeps its total reserves well above its reported liabilities.
Gate Proof of Reserves Shows Small XRP Holdings Gate’s October PoR puts its XRP reserve ratio at approximately 115%. Specifically, customers held 52,529,328 XRP on the exchange, worth about $69.8 million at the time of the snapshot.
Gate.io Proof of Reserves shows XRP overcollateralized at 115% Meanwhile, Gate held 60,396,694 XRP, valued at approximately $78.9 million. By press time, XRP had risen to $1.33, pushing the value of the exchange’s XRP holdings above $80.3 million.
Interestingly, on-chain data provided by XRPScan shows that Gate now holds 58.65 million XRP across four XRP Ledger (XRPL) accounts. This represents approximately 0.88% of the 68.4 billion XRP tokens in circulation.
Onchain data shows Gate.io holds 58M XRP across 4 accounts Gate’s XRP holdings remain relatively small compared with those of the largest centralized exchanges. South Korea’s Upbit leads with approximately 4.4 billion XRP across 13 XRPL accounts, accounting for 6.43% of the circulating supply.
Coinbase follows with 3.99 billion XRP across 343 accounts, representing 5.84%, while Binance ranks third with 1.874 billion XRP across 145 accounts, giving it a 2.74% share.
Robinhood, Bithumb, Uphold, and Kraken also rank among the top 10 XRP exchange holders, holding between 958 million and 1.6 billion XRP. Phemex, meanwhile, reported an XRP reserve ratio of 153.55% in its September 2026 PoR.
Bitcoin, Ethereum, and Stablecoins Equally Well-Covered Gate also holds more Bitcoin and Ethereum than its customers collectively own. Customers held 21,156 BTC on the exchange, while Gate maintained 25,727 BTC in reserves, worth $2.115 billion. This brought its Bitcoin reserve ratio to 121.6%. Essentially, the exchange held more than 4,500 BTC above customer balances.
With Ethereum, Gate’s customers held 362,785 ETH, while the exchange maintained 449,042 ETH worth $1.082 billion. These holdings resulted in an Ethereum reserve ratio of 123.78%.
Gate’s stablecoin reserves also exceeded customer balances. The exchange held $929.8 million in USDT, giving it a reserve ratio of 111.68%. Its USD1 reserves reached $395.594 million, producing a ratio of 100.98%. As for GUSD, Gate held $317.3 million, giving it a reserve ratio of 181.11%.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitget is taking its real-world asset (RWA) strategy a step further. Instead of limiting users to tokenized stocks and ETFs, the exchange now lets eligible securities move from external brokerage accounts into its ecosystem. It also plans to improve liquidity through a dedicated trading engine. However, the figures suggest the business still has room to grow.
In Brief Bitget’s rToken Transfer lets eligible US-listed stocks and ETFs held at external brokers enter its platform without being liquidated first. The process moves securities into an Alpaca omnibus account, where Bitget’s In-Kind Tokenization Network converts them into rTokens. A second layer, Super Match, is meant to deepen liquidity and price discovery beyond conventional trading hours, subject to market conditions. From Tokenized Stocks to Brokerage Integration Bitget has recently expanded its product lineup, adding new yield opportunities alongside tokenized equities. Initially, rTokens gave users exposure to US stocks and ETFs. Now, the company wants to connect those digital assets with traditional brokerage accounts.
In a statement dated October 21, Bitget presented this shift as a move beyond product listings toward a more integrated market structure (company announcement).
The first step is rToken Transfer, which launched on October 13 and supports more than 3,000 eligible assets. Users initiate a Free of Payment (FoP) securities transfer from an external broker to Bitget’s designated Alpaca omnibus account. Once the securities arrive, Bitget’s In-Kind Tokenization Network converts them into corresponding rTokens and credits the tokens to the user’s spot account.
As a result, investors can bring existing equity holdings into a tokenized environment without selling their shares first. This approach could make it easier to connect traditional portfolios with digital asset markets.
Super Match Targets Liquidity Beyond Market Hours Moving securities onto a platform is only part of the challenge. Investors also need reliable pricing and sufficient liquidity to trade efficiently.
That is where Super Match comes in. Bitget describes the system as a way to connect internal trading flows, market makers and multiple price-discovery sources. Its goal is to improve execution and support trading beyond conventional market hours.
This matters because tokenized stocks can trade around the clock, while their underlying US markets follow regular trading schedules. Consequently, platforms need alternative ways to assess prices when traditional exchanges close. Solana’s recent growth in tokenized assets illustrates the expanding market for these products.
Still, Bitget makes no guarantee of deeper liquidity or continuous trading. Pricing and availability will depend on market conditions, supported assets and applicable product terms.
Modest Assets Under Management Leave Room to Grow The figures provide a useful reality check. By July 6, rTokens had attracted approximately $114 million in assets under management, while cumulative transactions exceeded two million. Bitget also says its Universal Exchange serves more than 125 million users.
However, these figures measure different things. The platform’s user base does not automatically translate into demand for tokenized equities. At roughly $114 million, rToken assets under management suggest that Bitget’s RWA business remains at an early stage.
Meanwhile, traditional financial institutions are exploring similar opportunities. JPMorgan’s move to open JPM Coin to institutions on Ethereum offers another example of the growing interest in blockchain-based financial infrastructure.
Looking ahead, Bitget sees several potential uses for rTokens, including spot trading, eligible margin functions, borrowing, lending and yield products. However, collateral and other financial applications will depend on asset eligibility, local regulations and product terms.
Ultimately, brokerage integration will succeed only if investors can transfer assets easily, receive their tokens quickly and trade with sufficient liquidity. Bitget has outlined the infrastructure, but adoption will determine whether it becomes a meaningful bridge between traditional finance and crypto.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Trader Peter Brandt said on X that a EUR/JPY short is now his firm’s largest futures and currency position. The pair has fallen from an April high near 187.5, yet euro rates sit at twice Japan’s.
EUR/JPY, the price of one euro in yen, sat at 175.65 in futures on Brandt’s chart. Still, the European Central Bank (ECB) pays 2.5% on deposits versus 1.25% at the Bank of Japan (BOJ).
Why Is the Yen Gaining Against a Higher-Yielding Euro?Washington has intervened directly. On July 31, the US Treasury sold euros for yen alongside Japan. The ECB learned of the trade only afterward, the Financial Times reported.
The action helped lift the yen to 157.57 per dollar from a 163.73 low, CNBC reported.
Meanwhile, Japan’s core inflation reached 2.1% in September. That tops the BOJ’s 2% target for the first time since December, Statistics Bureau data show.
Overnight swaps, which track rate expectations, imply an 80% chance of a December BOJ hike, the Japan Times reported. A hold is expected on October 30.
Likewise, the ECB lifted its deposit rate from 2.25% to 2.5% on September 10, its second hike this year. An energy shock tied to the Iran war has pushed eurozone inflation higher, Euronews reported. ECB President Christine Lagarde has said policymakers are not pre-committing to a rate path.
Can the EUR/JPY Short Survive 2 Central Bank Decisions?Brandt’s chart shows the pair moving sideways through early 2026 before it broke below a range floor near 180. It has traded under that level since late September, Investing.com data show.
His post offered no rationale beyond the chart. The ECB decides on October 29 and the BOJ a day later.
However, a BOJ hike would favor the short, while an ECB hike or a dovish BOJ hold could test it.
Finance Minister Satsuki Katayama has called an undervalued yen a problem. After the July action, Treasury Secretary Scott Bessent said Washington would not hesitate to join further intervention. That could tie the yen’s path to Washington and Tokyo as much as to the BOJ.
The Blockchain Association is urging Congress to overhaul crypto tax rules, including a $10 de minimis exemption and wash sale rules, as the CLARITY Act stalls in the Senate.
The Blockchain Association (@BlockchainAssn) is calling on Congress to fix unclear crypto tax rules while the CLARITY Act remains stalled. The industry group says existing rules are difficult to follow and need an overhaul.
According to The Block, the group, which represents more than 100 firms, sent a letter on Thursday to Senate Majority Leader John Thune, Senate Minority Leader Chuck Schumer, House Speaker Mike Johnson and House Minority Leader Hakeem Jeffries. It said current tax policy is outdated and unworkable.
What the Blockchain Association wantsThe group's proposals include tax exemptions for transactions involving $10 or less in network fees, stronger taxpayer privacy protections and extending wash sale rules to crypto. According to Bitcoin Magazine, the letter also asks for cash treatment for stablecoins, taxation of mining and staking rewards at sale rather than receipt, and broker reporting limited to firms that hold customer assets. It adds a safe harbor for foreign traders on U.S. exchanges, a mark-to-market election and R&D credit eligibility for blockchain development.
Lindsay Fraser, the group's chief policy officer, said in the letter that Americans using digital assets want to follow the law and pay what they owe, but that today's rules are often unclear and unworkable, per The Block. The letter says the rules governing the 67 million Americans who hold digital assets were written for a different era, Bitcoin Magazine reported.
The push is the group's first broad tax campaign since the CLARITY Act failed in the Senate last month. The letter does not endorse a specific bill.
Why the CLARITY Act matters hereThe CLARITY Act is a market structure bill, not a tax measure. DLA Piper noted that the Senate failed to advance it on September 15, 2026, nearly eliminating the chance that a market structure bill is enacted this year. Digital Today reported that the motion to end debate failed with 49 votes in favour and 50 against, and that Senator Thom Tillis filed a motion to reconsider, leaving procedural room to revive the effort.
On the tax side, the House has moved separately. The Digital Asset Tax Certainty Act passed the House Ways and Means Committee last month. Unchained reported that the bill would exclude crypto used to pay network or trading fees of $10 or less from gain or loss calculations, starting in 2028. The Block said the bill is not expected to be taken up again until after the November elections.
With Congress largely out until after the midterms, the timeline for any tax changes remains tight. The Blockchain Association has also launched a site, TaxClarityforAmerica.com, for constituents to contact their representatives, according to Bitcoin Magazine.
SourcesThe Block: Blockchain Association pushes for crypto tax clarity as broader bill stalls
Bitcoin Magazine: Blockchain Association Presses Congress On Crypto Taxes As Clarity Act Stalls
DLA Piper: Senate fails to advance the CLARITY Act
Here's everything most interesting surrounding XMR, ZEC, and BTC.
The popular privacy coin XMR has taken center stage lately after its price surged to an eight-month high. Its biggest rival, ZEC, also posted a substantial uptick, but bears stopped the rally, and the asset remains in the red on a weekly basis.
For its part, BTC slipped 1% within the same period, yet the recent whale activity suggests the price may soon head north.
XMR’s Pump The token registered a double-digit price increase yesterday (October 22), surpassing $650 for the first time since January. A potential catalyst for the rally was the announcement that GUI v0.18.5.4 ‘Fluorine Fermi’ has been released. Monero’s team explained that this minor upgrade reopens testnet and stagenet wallets and includes bug fixes.
Some analysts expected XMR to continue its upward trajectory, with X users Sweep and Alaoui Capital predicting an explosion to a new all-time high of $1,000.
Contrary to their projections, though, the privacy coin headed south and is currently worth $605 (per CoinGecko). In fact, Dr Profit recently warned that XMR’s open interest has hit a historic high (a claim Santiment rejected) and noted that the last time OI jumped this much, the price crashed 66% in just 20 days.
ZEC’s Turbulence Zcash also performed well earlier this week and, on October 21, reached a nine-day peak above $1,360. At the time, its ascent likely followed reports that the team behind the asset plans to triple block production speed, with developers targeting November 5 for the NU7 upgrade.
It also coincided with two major investors opening approximately $37 million in long positions on ZEC with 10x leverage. However, the surge was short-lived, and the token now trades near $1,200, down about 2% on a weekly basis.
You may also like: What Falling USDT Supply Means for Bitcoin’s Price Recovery XRP and DOGE Look Undervalued by MVRV Measures, but Will Traders Take Notice? BlackRock Enters the Buffered Bitcoin ETF Race With New SEC Filing Meanwhile, X user Crypto With Gopal suggested bearish pressure has been building and anticipates a further plunge in the near future. He believes bears are now pushing the $1,050 neckline support on a head-and-shoulders pattern and said bulls need to defend support and reclaim $1,300+ to weaken the setup.
What About BTC? The leading cryptocurrency looked ready to touch $85,000 on October 22, but got rejected and now hovers near $81,500. Factors that may have negatively impacted its performance include rising global geopolitical tensions and weak financial markets overall.
Despite the volatility and uncertainty, whales seem reluctant to wave the white flag and have actually increased their exposure to BTC. As Crypto Potato reported, 40 newly created wallets have withdrawn over $770 million worth of the asset since October 1.
Before that, market participants holding between 10 and 10,000 BTC accumulated almost 90,000 units in just one month. Such a buying spree leaves fewer assets available on the open market and could drive prices up (assuming demand doesn’t cool off). It may also encourage smaller players to buy, bringing fresh capital into the ecosystem.
TLDR Ethereum developers postponed the Glamsterdam upgrade on the Hoodi testnet, which was set for October 26, 2026, and no new date has been set. Security firm ChainSecurity warned that gas changes in EIP-8037 and EIP-8038 could weaken protections against insufficient gas griefing attacks. ChainSecurity says it has found 13 real-world smart contracts that could be affected and is working with those projects on responsible disclosure. Mainnet users and ETH holders do not need to take action, but node and validator operators must update their client software. A December mainnet launch is still possible, with a revised Hoodi date expected after Devcon on November 3 to 6. Ethereum developers have postponed the Glamsterdam upgrade on the Hoodi testnet. The upgrade was set to go live on October 26, 2026. No new date has been announced.
The decision was made during All Core Devs Execution call #248. The Ethereum Foundation said the delay gives developers time to study how some proposed changes interact with smart contracts already on Ethereum.
What the Delay Covers The postponement removes three planned changes from the October 26 date. These are the Amsterdam execution layer activation, the Gloas consensus layer activation, and a plan to raise Hoodi’s gas limit to 200 million.
The delay does not undo Hoodi’s chain history. Mainnet users and ETH holders do not need to take any action.
Node and validator operators must update their software. Clients such as Lodestar, Besu, and Nethermind must run versions that confirm the October 26 activation has been removed.
Glamsterdam already went live on the Sepolia testnet on October 6. Sepolia is not affected by this delay.
Security Firm Raises Gas Concerns On October 13, blockchain security firm ChainSecurity warned about two proposals in Glamsterdam, EIP-8037 and EIP-8038. The firm said these changes could weaken protections against an attack known as insufficient gas griefing.
In this type of attack, a caller gives a smart contract too little gas to finish a valid task. ChainSecurity said the new rules could let gas return to a contract after an operation fails, so it keeps running when it would have stopped before.
This could cause problems for contracts that rely on gas checks for security. For example, a contract could remove a user’s claim or block a retry, leaving the user unable to complete a valid action.
ChainSecurity said not all gas-based safety checks would fail. Some would still work, but developers would need to review them against the new rules.
On October 21, security researcher pcaversaccio called the risks “serious” in a GitHub comment. The researcher asked developers to reassess the hard fork.
The Ethereum Foundation had earlier warned that Glamsterdam’s gas model could break some wallets, indexers, and gas estimators that rely on fixed assumptions.
Glamsterdam is Ethereum’s main scaling upgrade for 2026. It includes enshrined proposer-builder separation under EIP-7732, block-level access lists under EIP-7928, and gas repricing under EIP-8037 and EIP-8038.
Developers had been looking at early December for a mainnet launch, depending on successful Hoodi testing. The fourth quarter window remains open, with a revised Hoodi date expected after Devcon, which runs November 3 to 6.
ETH’s price showed little reaction, since the issue affects only the testnet. Institutional buying has continued, with SharpLink deploying $400 million of its ETH treasury on-chain and BitMine adding 12,535 ETH.
On Friday, ChainSecurity said it had found 13 real-world examples of smart contracts that could be affected. The firm did not name the projects and said it is working with them on responsible disclosure. It urged developers to check their contracts as soon as possible.
BONK Inu and PartyBet have launched Get Bonked, a Telegram prediction game where correct calls double the stake and wrong calls lose it. Here is how it works.
BONK Inu (@bonk_inu) $BONK and PartyBet (@partybet) have launched Get Bonked, a new game that runs inside Telegram. The title adds another product to the Bonk memecoin ecosystem on Solana.
How Get Bonked worksThe game is built around quick, high-stakes decisions. Players predict an outcome and then stake their funds. A correct call doubles the stake, while a wrong call loses it, so each round is effectively all or nothing.
The BONK team is also offering bonus cash to selected players who share their winning cards. The mechanic is designed to encourage players to post results and bring others into the game.
As with any game that puts funds at risk, outcomes are binary and losses are possible on every round. Players should only stake what they can afford to lose.
PartyBet and the wider Bonk ecosystemPartyBet is positioned as a Telegram-based platform. According to Solana Compass, PartyBet is a Telegram app with BONK-branded casino games and sports picks. The same profile notes that Bonk's official account began promoting its sports betting feature, with odds supplied by Polymarket, on 9 October 2026.
The tie-up between the two brands is not new. CoinJournal reported that BONK announced a partnership with PartyBet, a platform focused on Telegram-based sports prediction markets and casino-style games. The outlet said the deal expands the utility of BONK beyond its role as a memecoin by introducing another avenue for community participation.
Get Bonked fits a broader pattern for the token. BONK is a dog-themed memecoin on Solana that launched in December 2022 through a community airdrop. It has since grown into a set of products including BonkBot, a Telegram trading bot, a memecoin launchpad known as Letsbonkfun, the BonkSwap exchange and the BONKRewards lock-and-earn program.
Games and betting-style products add to that mix, and they sit inside Telegram, where BonkBot already operates. Whether they help BONK's market performance is a separate question. CoinJournal noted that earlier PartyBet and BONKUJI developments generated attention within the Solana ecosystem but had not translated into a meaningful recovery in the BONK price.
Sources
Solana Compass: Bonk project review
CoinJournal: BONK price struggles despite PartyBet deal and BONKUJI relaunch
Cryptonews: Beyond the Meme, the products built around Bonk
The Circle shareholder lawsuit alleges that two UAE-linked transactions violated the Foreign Emoluments Clause and benefited Trump through World Liberty Financial.
The first transaction involved a $500 million agreement for a 49% stake in World Liberty days before Trump’s January 2025 inauguration.
The complaint also challenges a $2 billion Binance investment settled in World Liberty’s USD1 stablecoin, alleging it benefited Trump’s crypto interests.
Greenberg seeks alleged unlawful profits, additional disclosures and unspecified damages; Circle says it did not participate, while World Liberty rejects the claims.
The Circle shareholder lawsuit puts renewed scrutiny on the Trump family’s crypto business. Greenberg says two UAE-linked transactions violated the Foreign Emoluments Clause. J. Benjamin Greenberg, a former Circle employee and shareholder, filed the derivative complaint in federal court in Washington. He argues the deals benefited President Donald Trump and World Liberty Financial while exposing Circle investors to unfair competition.
The complaint seeks alleged unlawful profits, disclosures about other foreign crypto payments, and unspecified damages. The court has not ruled on the claims. Circle says it had no role in the filing, while World Liberty rejects the allegations as meritless.
Circle Shareholder Lawsuit Centers on Two UAE-Linked Deals
Greenberg filed the Circle shareholder lawsuit on behalf of Circle, the company behind USDC, a dollar-pegged stablecoin. The suit names Trump, World Liberty, U.S. Middle East special envoy Steve Witkoff, and four affiliated limited liability companies. It casts USD1, World Liberty’s dollar-backed stablecoin, as a direct competitor to USDC. In the Circle shareholder lawsuit, Greenberg says UAE-linked competition diverted business from Circle and harmed its investors.
Derivative actions let shareholders pursue claims on a company’s behalf, rather than only for themselves. Greenberg’s filing says World Liberty’s stablecoin competition harmed Circle and its investors. Any recovery depends on a court accepting the claims.
The first transaction centers on a $500 million sale of a 49% stake in World Liberty. A vehicle backed by Sheikh Tahnoon bin Zayed Al Nahyan agreed to the purchase days before Trump’s January 2025 inauguration. Tahnoon is the UAE’s national security adviser. The complaint alleges Trump received financial benefits from the transaction after taking office. It describes the funding as foreign-state money flowing into a business linked to the president.
The second deal involves a $2 billion investment in Binance by Abu Dhabi’s MGX fund, which Tahnoon chairs. The payment was made using USD1, according to reporting cited in the complaint.
Greenberg argues the stablecoin transaction helped raise USD1’s profile and value, benefiting Trump’s interests in World Liberty. The Circle shareholder lawsuit frames both deals as alleged foreign benefits tied to Trump’s crypto holdings.
Greenberg Seeks Profit Recovery, Disclosure and Unspecified Damages
The Foreign Emoluments Clause bars federal officeholders from accepting benefits from foreign states without congressional consent. Greenberg asks the court to declare that Trump’s profits violated the restriction. He wants the court to order Trump to return gains it deems unlawful. He also seeks an accounting of foreign crypto-related payments and disclosure of other transactions. The suit requests damages but does not specify an amount. Those requests are allegations and remedies sought, not findings by a court.
Circle said it did not initiate, direct, authorize, or take part in the case. The company emphasized that Greenberg filed as an individual shareholder. World Liberty spokesperson David Wachsman called the claims meritless and said the firm would address them in court. White House spokeswoman Anna Kelly described the case as frivolous and denied any conflict of interest. Witkoff’s representative had not responded to requests for comment, according to the report.
The Circle shareholder lawsuit centers on UAE crypto deals amid scrutiny of Trump-family interests. Trump co-founded World Liberty Financial with his sons before taking office and stopped participating in the project in 2025.
The lawsuit focuses on alleged financial benefits. It also points to U.S. approval of advanced AI chip exports to the UAE and Trump’s pardon of convicted Binance founder Changpeng Zhao. The filing alleges those actions intersected with the deals. The case is Greenberg v. Trump, 26-cv-03686, in the U.S. District Court for the District of Columbia. No judgment or ruling has resolved the claims.
A shareholder in Circle Internet Group Inc. (NYSE:CRCL) sued President Donald Trump and World Liberty Financial (WLFI) on Thursday, alleging illegal profiteering that violates the U.S. Constitution.
UAE-Linked Deals Under ScannerA lawsuit filed in U.S. District Court in Washington by shareholder and former Circle employee J. Benjamin Greenberg alleged that Trump profited from more than $2 billion in payments tied to a foreign government through World Liberty Financial, a cryptocurrency platform co-founded by his sons.
The suit cast doubt on two deals: the first is a $500 million sale of a 49% stake in World Liberty Financial to an investment vehicle backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser and a senior royal. The second was Abu Dhabi investment firm MGX‘s $2 billion deal with Binance using the World Liberty Financial USD (USD1) stablecoin.
Brazen Corruption, Alleges PlaintiffGreenberg said the deals violated the Foreign Emoluments Clause, which prohibits federal officeholders from accepting any present, emolument, office or title from any king, prince, or foreign state without congressional consent.
Read Next
“No president in American history has profited from his office so brazenly. Nor has this President tried to hide his corruption,” they said.
The plaintiff alleged the actions diverted business from Circle, the issuer of the world’s second-largest stablecoin USDC (CRYPTO: USDC), and sought “compensatory and punitive damages.”
Circle didn’t immediately return Benzinga’s request for comment. Responses from the White House and World Liberty Financial are also awaited.
The Crypto PresidentThis is not the first time World Liberty Financial’s UAE-related deals have faced scrutiny. Sen. Elizabeth Warren (D-Mass.) has repeatedly raised concerns about the nature of those transactions.
The firm lists President Donald Trump and special envoy Steve Witkoff as co-founders emeritus and is run by members of the Trump and Witkoff families.
Trump’s 2025 financial disclosure showed more than $1.4 billion in income from crypto ventures, including more than $520 million from World Liberty Financial token sales.
The White House has rejected conflict-of-interest allegations, deeming it as one of those "tired" narratives that Democrats have pushed against Trump for years.
Price Action: At the time of writing, WLFI was trading at $0.05445, down 1.9% over the last 24 hours, according to Benzinga Pro.
Circle shares were down 0.21% in overnight trading after closing 3.44% lower at $86.62 during Thursday’s regular trading session.
Benzinga’s Edge Stock Rankings indicate that CRCL maintains a stronger price trend over the long term, though it has lagged in the short and medium term.
Photo courtesy: Shutterstock
Market News and Data brought to you by Benzinga APIs
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
$KIMCHI Token Surges to $14M Then Crashes 95% After Coordinated Social Posts and Deletions
Today, kimchi (@kimchi1x) received 500M $kimchi and posted about the token, and @a1lon9 reposted it.
But @a1lon9 later undid his repost, and @kimchi1x deleted the post.
$kimchi quickly surged to a $14M market cap before crashing over 95%.
We found that the scammers used
11 minutes ago
Solana Foundation’s Head of Payments: Any asset could be tokenized in the next decade.
Amira Valliani, Head of Payments Business Growth at the Solana Foundation, stated that both the cryptocurrency industry and the AI sector are advancing the development of token use cases, and the tokenization trend will continue to expand. She noted that tokens are fundamentally a machine-recognizable and processable form of asset representation, adding that over the next decade, any asset-bearing entity could be tokenized. Valliani emphasized that tokenization is poised to become a critical infrastructure linking crypto assets, AI applications, and real-world assets, facilitating the integration of more assets into a programmable, tradable digital framework.
11 minutes ago
The largest U.S. public pension fund has significantly reduced its holdings in the "Magnificent Seven" tech stocks, shifting to increase allocations to private equity.
According to a Financial Times report, CalPERS, the largest U.S. public pension fund (California Public Employees' Retirement System), is adjusting its asset allocation: cutting direct holdings of the "Magnificent Seven" tech giants while increasing exposure to private equity to reduce concentration risk in public equity investments. Calculations from regulatory filings show CalPERS will slash its direct holdings of stocks in Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla by 26% in the first half of 2026. The fund is instead diversifying its portfolio across hundreds of companies, cutting concentrated bets on a small number of top firms. Anton Orlich, CalPERS' deputy chief investment officer, confirmed this allocation shift in an interview. He noted that public equity market valuations are already elevated, and concentration in a handful of leading companies is pressuring relative returns. In contrast, private companies offer more attractive pricing, helping CalPERS buffer against potential downturns in public markets. This rebalancing took place ahead of the recent tech stock sell-off. This week, multiple tech giants released earnings reports, stoking market concerns over whether AI spending can translate into tangible returns. Microsoft, Amazon, and Alphabet are set to report results next week, leaving the tech sector facing further tests. As of June 30, CalPERS' assets under management reached $637.1 billion. Data released by the fund in July showed its preliminary net investment return for the past 12 months was 14.8%, with both public and private equity portfolios performing strongly.
11 minutes ago
Hong Kong's Secretary for the Treasury: Hong Kong's tokenization initiative is advancing towards the implementation phase.
Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, Hui Ching Yu, stated that Hong Kong’s tokenization development is transitioning from the "experimental phase" to the "implementation phase". Currently, Hong Kong hosts over 1,400 fintech enterprises, including 8 virtual banks, 4 virtual insurance companies, and 12 licensed virtual asset trading platforms, which have achieved notable results in advancing tokenization. Hui added that the Hong Kong Exchanges and Clearing (HKEX) is committed to launching a tokenized warehouse receipt financing pilot program next year. The project will partner with designated banks, utilizing distributed ledger technology, to facilitate the use of commodity warehouse receipts as collateral. Furthermore, HKEX is also developing a multi-asset tokenization platform that will include commodity warehouse receipts from approved warehouses.
11 minutes ago
South Korea's KOSPI index closed 0.3% higher, with SK Hynix gaining 4.41%.
According to Bitget's market data, South Korea's KOSPI index closed up 16.53 points on Friday, October 23, with a 0.3% gain, ending at 5550.3 points. SK Hynix closed 4.41% higher, while Samsung Electronics rose 0.46%.
11 minutes ago
He Yi reposted Binance's Agent wallet risk alert, warning of transaction risks associated with the Agent developer mode.
Jackson.ll (@0xOar), developer of Binance Wallet’s web version, posted today, stating: “Agent ID is being used in various ways, but users should also carefully check risk warnings. Enabling developer mode for the Agent means you can sign unverified contract transactions... Potential risks need attention. You can close the mode immediately after minting, or wait for products from verified developers.” He Yi subsequently retweeted the post. Earlier reports indicated that multiple minting projects exclusive to Binance Agent Wallet have recently emerged in the market, with some requiring developer mode activation.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
$KIMCHI Token Surges to $14M Then Crashes 95% After Coordinated Social Posts and Deletions
Today, kimchi (@kimchi1x) received 500M $kimchi and posted about the token, and @a1lon9 reposted it.
But @a1lon9 later undid his repost, and @kimchi1x deleted the post.
$kimchi quickly surged to a $14M market cap before crashing over 95%.
We found that the scammers used
11 minutes ago
Solana Foundation’s Head of Payments: Any asset could be tokenized in the next decade.
Amira Valliani, Head of Payments Business Growth at the Solana Foundation, stated that both the cryptocurrency industry and the AI sector are advancing the development of token use cases, and the tokenization trend will continue to expand. She noted that tokens are fundamentally a machine-recognizable and processable form of asset representation, adding that over the next decade, any asset-bearing entity could be tokenized. Valliani emphasized that tokenization is poised to become a critical infrastructure linking crypto assets, AI applications, and real-world assets, facilitating the integration of more assets into a programmable, tradable digital framework.
11 minutes ago
The largest U.S. public pension fund has significantly reduced its holdings in the "Magnificent Seven" tech stocks, shifting to increase allocations to private equity.
According to a Financial Times report, CalPERS, the largest U.S. public pension fund (California Public Employees' Retirement System), is adjusting its asset allocation: cutting direct holdings of the "Magnificent Seven" tech giants while increasing exposure to private equity to reduce concentration risk in public equity investments. Calculations from regulatory filings show CalPERS will slash its direct holdings of stocks in Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla by 26% in the first half of 2026. The fund is instead diversifying its portfolio across hundreds of companies, cutting concentrated bets on a small number of top firms. Anton Orlich, CalPERS' deputy chief investment officer, confirmed this allocation shift in an interview. He noted that public equity market valuations are already elevated, and concentration in a handful of leading companies is pressuring relative returns. In contrast, private companies offer more attractive pricing, helping CalPERS buffer against potential downturns in public markets. This rebalancing took place ahead of the recent tech stock sell-off. This week, multiple tech giants released earnings reports, stoking market concerns over whether AI spending can translate into tangible returns. Microsoft, Amazon, and Alphabet are set to report results next week, leaving the tech sector facing further tests. As of June 30, CalPERS' assets under management reached $637.1 billion. Data released by the fund in July showed its preliminary net investment return for the past 12 months was 14.8%, with both public and private equity portfolios performing strongly.
11 minutes ago
Hong Kong's Secretary for the Treasury: Hong Kong's tokenization initiative is advancing towards the implementation phase.
Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, Hui Ching Yu, stated that Hong Kong’s tokenization development is transitioning from the "experimental phase" to the "implementation phase". Currently, Hong Kong hosts over 1,400 fintech enterprises, including 8 virtual banks, 4 virtual insurance companies, and 12 licensed virtual asset trading platforms, which have achieved notable results in advancing tokenization. Hui added that the Hong Kong Exchanges and Clearing (HKEX) is committed to launching a tokenized warehouse receipt financing pilot program next year. The project will partner with designated banks, utilizing distributed ledger technology, to facilitate the use of commodity warehouse receipts as collateral. Furthermore, HKEX is also developing a multi-asset tokenization platform that will include commodity warehouse receipts from approved warehouses.
11 minutes ago
South Korea's KOSPI index closed 0.3% higher, with SK Hynix gaining 4.41%.
According to Bitget's market data, South Korea's KOSPI index closed up 16.53 points on Friday, October 23, with a 0.3% gain, ending at 5550.3 points. SK Hynix closed 4.41% higher, while Samsung Electronics rose 0.46%.
11 minutes ago
He Yi reposted Binance's Agent wallet risk alert, warning of transaction risks associated with the Agent developer mode.
Jackson.ll (@0xOar), developer of Binance Wallet’s web version, posted today, stating: “Agent ID is being used in various ways, but users should also carefully check risk warnings. Enabling developer mode for the Agent means you can sign unverified contract transactions... Potential risks need attention. You can close the mode immediately after minting, or wait for products from verified developers.” He Yi subsequently retweeted the post. Earlier reports indicated that multiple minting projects exclusive to Binance Agent Wallet have recently emerged in the market, with some requiring developer mode activation.
$KIMCHI Token Surges to $14M Then Crashes 95% After Coordinated Social Posts and Deletions
Today, kimchi (@kimchi1x) received 500M $kimchi and posted about the token, and @a1lon9 reposted it.
But @a1lon9 later undid his repost, and @kimchi1x deleted the post.
$kimchi quickly surged to a $14M market cap before crashing over 95%.
We found that the scammers used
11 minutes ago
Solana Foundation’s Head of Payments: Any asset could be tokenized in the next decade.
Amira Valliani, Head of Payments Business Growth at the Solana Foundation, stated that both the cryptocurrency industry and the AI sector are advancing the development of token use cases, and the tokenization trend will continue to expand. She noted that tokens are fundamentally a machine-recognizable and processable form of asset representation, adding that over the next decade, any asset-bearing entity could be tokenized. Valliani emphasized that tokenization is poised to become a critical infrastructure linking crypto assets, AI applications, and real-world assets, facilitating the integration of more assets into a programmable, tradable digital framework.
11 minutes ago
The largest U.S. public pension fund has significantly reduced its holdings in the "Magnificent Seven" tech stocks, shifting to increase allocations to private equity.
According to a Financial Times report, CalPERS, the largest U.S. public pension fund (California Public Employees' Retirement System), is adjusting its asset allocation: cutting direct holdings of the "Magnificent Seven" tech giants while increasing exposure to private equity to reduce concentration risk in public equity investments. Calculations from regulatory filings show CalPERS will slash its direct holdings of stocks in Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla by 26% in the first half of 2026. The fund is instead diversifying its portfolio across hundreds of companies, cutting concentrated bets on a small number of top firms. Anton Orlich, CalPERS' deputy chief investment officer, confirmed this allocation shift in an interview. He noted that public equity market valuations are already elevated, and concentration in a handful of leading companies is pressuring relative returns. In contrast, private companies offer more attractive pricing, helping CalPERS buffer against potential downturns in public markets. This rebalancing took place ahead of the recent tech stock sell-off. This week, multiple tech giants released earnings reports, stoking market concerns over whether AI spending can translate into tangible returns. Microsoft, Amazon, and Alphabet are set to report results next week, leaving the tech sector facing further tests. As of June 30, CalPERS' assets under management reached $637.1 billion. Data released by the fund in July showed its preliminary net investment return for the past 12 months was 14.8%, with both public and private equity portfolios performing strongly.
11 minutes ago
Hong Kong's Secretary for the Treasury: Hong Kong's tokenization initiative is advancing towards the implementation phase.
Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, Hui Ching Yu, stated that Hong Kong’s tokenization development is transitioning from the "experimental phase" to the "implementation phase". Currently, Hong Kong hosts over 1,400 fintech enterprises, including 8 virtual banks, 4 virtual insurance companies, and 12 licensed virtual asset trading platforms, which have achieved notable results in advancing tokenization. Hui added that the Hong Kong Exchanges and Clearing (HKEX) is committed to launching a tokenized warehouse receipt financing pilot program next year. The project will partner with designated banks, utilizing distributed ledger technology, to facilitate the use of commodity warehouse receipts as collateral. Furthermore, HKEX is also developing a multi-asset tokenization platform that will include commodity warehouse receipts from approved warehouses.
11 minutes ago
South Korea's KOSPI index closed 0.3% higher, with SK Hynix gaining 4.41%.
According to Bitget's market data, South Korea's KOSPI index closed up 16.53 points on Friday, October 23, with a 0.3% gain, ending at 5550.3 points. SK Hynix closed 4.41% higher, while Samsung Electronics rose 0.46%.
11 minutes ago
He Yi reposted Binance's Agent wallet risk alert, warning of transaction risks associated with the Agent developer mode.
Jackson.ll (@0xOar), developer of Binance Wallet’s web version, posted today, stating: “Agent ID is being used in various ways, but users should also carefully check risk warnings. Enabling developer mode for the Agent means you can sign unverified contract transactions... Potential risks need attention. You can close the mode immediately after minting, or wait for products from verified developers.” He Yi subsequently retweeted the post. Earlier reports indicated that multiple minting projects exclusive to Binance Agent Wallet have recently emerged in the market, with some requiring developer mode activation.
A Circle shareholder has sued Donald Trump and World Liberty Financial ($WLFI) over a $2 billion Binance investment settled in the USD1 stablecoin by Abu Dhabi's MGX fund.
A Circle shareholder has filed a federal lawsuit against Donald Trump (@realDonaldTrump) and World Liberty Financial (@worldlibertyfi) $WLFI, challenging a $2 billion investment in Binance (@binance) made by an Abu Dhabi fund. The suit alleges the broader deals improperly benefited the US president.
What the complaint allegesJ. Benjamin Greenberg, a shareholder in Circle Internet Group and a former software engineer at the company, brought the case. , according to Bloomberg.
The complaint centres on two transactions tied to Sheikh Tahnoon bin Zayed Al Nahyan, the UAE's national security adviser.
according to CNBC, as relayed by Quartz.
The suit also frames the matter as a competitive harm to Circle, the issuer of the $USDC stablecoin.
Responses from Circle, World Liberty and the White HouseCircle has distanced itself from the case.
On the White House side,
The case is The new case will test whether a shareholder claim built around stablecoin competition can fare differently.
Sources:
Bloomberg via Yahoo Finance: Trump and Crypto Firm Sued for Profiting From Foreign GovernmentQuartz: Circle shareholder sues Trump over $2 billion in UAE-linked crypto dealsCointelegraph: Circle shareholder sues Trump, World Liberty and Steve Witkoff over crypto deals
US spot Bitcoin ETFs bled $635 million on October 22, according to SoSoValue data reported by Odaily. That is a sharp reversal for a product category that had spent the previous few days collecting cash.
BlackRock’s iShares Bitcoin Trust (IBIT), the biggest name in the space, was the largest single source of the outflow. Investors pulled $254 million from the fund in one session.
A busy week in reverse The timing is what makes the number stand out. In the three days before October 22, these funds attracted more than $1 billion in combined inflows.
October 21 alone brought in approximately $528 million. Most of that came from the two heavyweights of the category.
IBIT took in $235 million that day. Fidelity’s Wise Origin Bitcoin Fund (FBTC) added $212.7 million.
Then the next day happened. IBIT’s $254 million outflow on October 22 was larger than its entire $235 million haul from the session before, which means the fund gave back a full day of gains plus about $19 million more.
With IBIT responsible for $254 million of the $635 million total, other issuers accounted for roughly $381 million in redemptions between them.
October has been choppy overall. Earlier in the month, certain stretches saw outflows reaching as high as $600 to $900 million, and mid-October brought only a modest uptick in flows before the late-week rally in demand.
The bigger picture since launch One rough day does not erase the longer trend. Cumulative net inflows into US spot Bitcoin ETFs since their January 2024 debut have now approached $57 to $58 billion.
Total net assets held across these funds are estimated at between $100 billion and $109 billion. That puts a $635 million day into perspective: meaningful, headline-worthy, but well under 1% of the asset base.
The Bitcoin price itself held a relatively steady range of $82,000 to $85,000 around this period. The research shows minimal direct correlation between the ETF flow figures and Bitcoin’s price during these swings.
What this means for investors For anyone tracking institutional demand, the key question is whether October 22 marks a turn or a blip. Earlier October buying has been read as a sign of resilient institutional appetite amid ongoing macroeconomic uncertainty.
The fact that Bitcoin stayed within its $82,000 to $85,000 band is arguably the more important data point. If $635 million in redemptions cannot push the price out of its range, it suggests there is enough buying elsewhere in the market to absorb that selling.
Watch whether cumulative inflows keep climbing toward and past the $57 to $58 billion mark, and whether total net assets hold within or above the $100 billion to $109 billion range.
When the two largest issuers move in the same direction, as they did on the inflow side on October 21, it tends to say more about broad institutional sentiment than scattered moves among smaller funds.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Bitcoin Core is changing how it handles security vulnerabilities, explaining that large language models have made certain software flaws significantly easier to discover.
In an email to the Bitcoin Development Mailing List on Thursday, Bitcoin Core developer Antoine Poinsot said that in the past, vulnerabilities were generally kept under lengthy disclosure embargoes to give users time to upgrade before details became public.
Maintaining that secrecy generally meant fixes could not be backported to older software versions, leaving users waiting until the next major release. However, Poinsot said LLMs have made some flaws so easy to rediscover that delaying fixes offers little protection.
“The embargo period achieves little but it delays the availability of a fixed release,” said Poinsot. “We are therefore updating our policy disclosure to accommodate those.”
The change comes as AI-assisted security research puts pressure on developers across Bitcoin’s software ecosystem.
Under the updated policy, vulnerabilities deemed “easily discoverable” will receive fixes as soon as possible across all maintained major versions, with security advisories published alongside the updates.
“This classification applies to vulnerabilities that can be discovered with minimal effort, such as through a simple LLM prompt,” it said.
Other vulnerabilities will continue to follow disclosure schedules based on severity, ranging from critical flaws that threaten Bitcoin’s fundamental security to lower-risk bugs with limited impact on individual nodes.
Bitcoin Core said low-severity vulnerabilities will be disclosed two weeks after the release of a major version containing the fix, while medium and high vulnerabilities will be disclosed two weeks after the last affected release hits its “End of Life,” typically a year after the fix is released in the new major version.
“Critical bugs are not considered in the standard policy, as they would most likely require an ad-hoc procedure,” it said.
“I’ve disagreed with Antoine’s approach to security in the past, but this is a good update,” said Luke de Wolf, host of the Bitcoin Infinity Show and author of “Defending Bitcoin.”
In August, the volunteer Bitcoin Red Team reported nearly 5,000 potential issues across 390 projects, although only around a fifth of its findings had been reproduced at that point.
That month, Core Lightning developers urged operators to upgrade or take their nodes offline after receiving multiple AI-generated vulnerability reports, while withholding technical details for two weeks.
Magazine: New DeepSeek ban in US, Swiss-Asia crypto ties deepen: Asia Express
Bitcoin Core is changing how it handles security vulnerabilities, explaining that large language models have made certain software flaws significantly easier to discover.
In an email to the Bitcoin Development Mailing List on Thursday, Bitcoin Core developer Antoine Poinsot said that in the past, vulnerabilities were generally kept under lengthy disclosure embargoes to give users time to upgrade before details became public.
Maintaining that secrecy generally meant fixes could not be backported to older software versions, leaving users waiting until the next major release. However, Poinsot said LLMs have made some flaws so easy to rediscover that delaying fixes offers little protection.
“The embargo period achieves little but it delays the availability of a fixed release,” said Poinsot. “We are therefore updating our policy disclosure to accommodate those.”
The change comes as AI-assisted security research puts pressure on developers across Bitcoin’s software ecosystem.
Under the updated policy, vulnerabilities deemed “easily discoverable” will receive fixes as soon as possible across all maintained major versions, with security advisories published alongside the updates.
“This classification applies to vulnerabilities that can be discovered with minimal effort, such as through a simple LLM prompt,” it said.
Other vulnerabilities will continue to follow disclosure schedules based on severity, ranging from critical flaws that threaten Bitcoin’s fundamental security to lower-risk bugs with limited impact on individual nodes.
Bitcoin Core said low-severity vulnerabilities will be disclosed two weeks after the release of a major version containing the fix, while medium and high vulnerabilities will be disclosed two weeks after the last affected release hits its “End of Life,” typically a year after the fix is released in the new major version.
“Critical bugs are not considered in the standard policy, as they would most likely require an ad-hoc procedure,” it said.
“I’ve disagreed with Antoine’s approach to security in the past, but this is a good update,” said Luke de Wolf, host of the Bitcoin Infinity Show and author of “Defending Bitcoin.”
In August, the volunteer Bitcoin Red Team reported nearly 5,000 potential issues across 390 projects, although only around a fifth of its findings had been reproduced at that point.
That month, Core Lightning developers urged operators to upgrade or take their nodes offline after receiving multiple AI-generated vulnerability reports, while withholding technical details for two weeks.
Magazine: New DeepSeek ban in US, Swiss-Asia crypto ties deepen: Asia Express
The largest U.S. public pension fund has significantly reduced its holdings in the "Magnificent Seven" tech stocks, shifting to increase allocations to private equity.
According to a Financial Times report, CalPERS, the largest U.S. public pension fund (California Public Employees' Retirement System), is adjusting its asset allocation: cutting direct holdings of the "Magnificent Seven" tech giants while increasing exposure to private equity to reduce concentration risk in public equity investments. Calculations from regulatory filings show CalPERS will slash its direct holdings of stocks in Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla by 26% in the first half of 2026. The fund is instead diversifying its portfolio across hundreds of companies, cutting concentrated bets on a small number of top firms. Anton Orlich, CalPERS' deputy chief investment officer, confirmed this allocation shift in an interview. He noted that public equity market valuations are already elevated, and concentration in a handful of leading companies is pressuring relative returns. In contrast, private companies offer more attractive pricing, helping CalPERS buffer against potential downturns in public markets. This rebalancing took place ahead of the recent tech stock sell-off. This week, multiple tech giants released earnings reports, stoking market concerns over whether AI spending can translate into tangible returns. Microsoft, Amazon, and Alphabet are set to report results next week, leaving the tech sector facing further tests. As of June 30, CalPERS' assets under management reached $637.1 billion. Data released by the fund in July showed its preliminary net investment return for the past 12 months was 14.8%, with both public and private equity portfolios performing strongly.
11 minutes ago
Hong Kong's Secretary for the Treasury: Hong Kong's tokenization initiative is advancing towards the implementation phase.
Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, Hui Ching Yu, stated that Hong Kong’s tokenization development is transitioning from the "experimental phase" to the "implementation phase". Currently, Hong Kong hosts over 1,400 fintech enterprises, including 8 virtual banks, 4 virtual insurance companies, and 12 licensed virtual asset trading platforms, which have achieved notable results in advancing tokenization. Hui added that the Hong Kong Exchanges and Clearing (HKEX) is committed to launching a tokenized warehouse receipt financing pilot program next year. The project will partner with designated banks, utilizing distributed ledger technology, to facilitate the use of commodity warehouse receipts as collateral. Furthermore, HKEX is also developing a multi-asset tokenization platform that will include commodity warehouse receipts from approved warehouses.
11 minutes ago
South Korea's KOSPI index closed 0.3% higher, with SK Hynix gaining 4.41%.
According to Bitget's market data, South Korea's KOSPI index closed up 16.53 points on Friday, October 23, with a 0.3% gain, ending at 5550.3 points. SK Hynix closed 4.41% higher, while Samsung Electronics rose 0.46%.
11 minutes ago
He Yi reposted Binance's Agent wallet risk alert, warning of transaction risks associated with the Agent developer mode.
Jackson.ll (@0xOar), developer of Binance Wallet’s web version, posted today, stating: “Agent ID is being used in various ways, but users should also carefully check risk warnings. Enabling developer mode for the Agent means you can sign unverified contract transactions... Potential risks need attention. You can close the mode immediately after minting, or wait for products from verified developers.” He Yi subsequently retweeted the post. Earlier reports indicated that multiple minting projects exclusive to Binance Agent Wallet have recently emerged in the market, with some requiring developer mode activation.
11 minutes ago
YuShu Technology, listed on China's A-share market, surges to its 20% daily limit, with its shares rising over 46% cumulatively this week.
Alliance Partner on a16z’s Shift: To Drive Crypto Talent to Build Cutting-Edge Technology
Imran, general partner at Alliance, took to X this morning to share his views on a16z crypto’s shift toward frontier technology sectors. He noted that a16z led Coinbase’s 2013 funding round via Chris Dixon, providing early validation for the crypto industry; Marc Andreessen’s 2014 New York Times op-ed, “Why Bitcoin Matters,” was a key factor in his decision to enter the Bitcoin space. At the time, few institutions and funds were willing to publicly back crypto, with a16z and USV standing out as two that took brand risk. Imran argued that the current development of AI infrastructure owes much to Bitcoin mining infrastructure and talent that has moved from crypto to AI. The shift to frontier technologies including robotics, biotech, AI, energy, and computing power means the talent and capabilities the crypto industry has built over the past decade can be applied to the broader frontier tech space. Citing data centers as an example, he noted that public and government pushback against data centers is growing, much like earlier resistance to crypto—yet today nearly all traditional financial institutions have embraced crypto to some extent. Yesterday’s news: a16z’s flagship blockchain fund will drop the “Crypto” moniker and rebrand as “a16z Frontier.”
CryptoQuant CEO Ki Young Ju has said that a potential bust in the artificial intelligence (AI) bubble could actually be largely harmless for Bitcoin (BTC).
According to the prominent crypto analyst, the leading cryptocurrency has largely failed to participate in the massive run-up in AI stock prices.
As a result, a steep correction in the AI space could be relatively harmless for Bitcoin.
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"I don't think an AI bubble burst would hurt BTC much," Ju said in a recent post on X.
He speculated that investors looking to profit from the AI boom may have already dumped their Bitcoin holdings to finance their AI stock investments.
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Now, as worries about the extent of AI overvaluations grow, the reverse rotation could be in play.
"Now it may be time to rotate back into Bitcoin," Ju wrote.
But he didn't want to be seen as claiming that an AI market crash would be bullish for the leading cryptocurrency.
"An AI crash isn't necessarily bullish or bearish for BTC. They seem unrelated," he added.
Why are investors worried about an AI bubble?The meteoric rise of artificial intelligence has spurred one of the biggest investment booms in modern technology.
In many ways, it's reminiscent of the dot-com era of the late 1990s.
Tech companies are spending hundreds of billions on data centers, top-notch chips, and increasingly sophisticated AI models.
Do these massive investments make sense? Skeptics say it's not clear whether the money will be able to generate enough revenue to make it all worth it.
AI companies have yet to prove that their business model is capable of producing impressive results on a consistent basis.
Moreover, the growing complexity of the AI industry is a significant concern.
There are technology companies that invest billions in AI developers, which in turn invest a lot of their own money in the form of computing infrastructure and services from the companies that have invested in them.
That being said, a burst of the AI bubble doesn't necessarily mean it's the death of AI technology.
For example, during the dot-com crash, a massive amount of speculative money was vaporized, but the internet continued to change the world economy.
Investors pulled $635.49 million from US spot Bitcoin (BTC) exchange-traded funds (ETFs) on October 22. The money left before BTC fell far enough to hit the level where ETF holders have historically sold hardest.
A day earlier, the same funds had taken in $528.40 million. New research from DWF Labs pins down that level, and BTC now trades close to it.
Bitcoin ETF Money Heads for the Door a Day After Pouring InThe October 22 outflow was the largest single-day withdrawal since June 25, according to SoSoValue. It ended a 3-day run of inflows worth about $1.08 billion.
That run began with $526.6 million on October 19, the funds’ biggest day since September 22. October’s net flows now stand at roughly $174.5 million in withdrawals.
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US spot Bitcoin ETF Daily Net Flows. Source: SoSoValueInvestors sold while BTC still traded above a level that new research ties to heavier ETF selling. DWF Labs, a crypto market maker, studied spot Bitcoin ETF flows since January 2024.
Its research found that selling picks up once BTC closes 7% below its 20-day high.
“ETF investors aren’t shaken by small dips, but once a fall reaches about 7%, they start selling,” the report read.
Average daily flows then swing from about $74 million in inflows to $72 million in outflows. Flows worsened in 19 of the 24 cases DWF examined.
Based on Binance daily closes, BTC ended October 22 about 5.9% below its October 4 high of $86,530. That puts the 7% threshold near $80,470.
DWF also found that ETF flows tend to follow price moves. Flows were still positive on the peak day at 7 of 8 market tops.
October’s flows moved the same way. Money arrived as BTC rallied into October 21, then left when the price fell.
Bitcoin Gives Back Its Rally as the 7% Line Starts to ShiftThe price told the same story. BTC dropped 3.41% over 24 hours to $81,297, per BeInCrypto Markets. The ETF flows tracked its price swings over the past week.
Based on Binance daily closes, BTC climbed from $82,245.93 on October 15 to $84,093.42 on October 21. The advance stalled near $85,000. BTC closed October 22 at $81,416.09, down 3.18% from the prior day’s close.
Bitcoin Price Chart. Source: BeInCrypto MarketsThe 7% threshold is also set to move. Once the October 4 high drops out of the 20-day window, the next reference point is October 5’s close of $85,766.87. That would lower the trigger to roughly $79,760, unless BTC closes above $85,766.87 first.
However, DWF’s data suggests such selling tends to fade. After past 7% breaks, flows hovered near zero the next week and turned positive the week after.
The firm noted its sample shows a clear pattern but not statistical proof. The next few closes will show whether ETF outflows deepen if BTC closes below that line.
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Bitcoin dropped to below $82,000 in Asian trading on Friday, under pressure from renewed selling in global financial markets and significant outflows from US spot Bitcoin exchange-traded funds (ETFs).
Institutional flows reverse after streak of ETF inflowsAt last check, Bitcoin was trading 1.3% lower at $81,623, extending its decline following a sharp sell-off in US equities on Thursday. The downturn marked a shift from the preceding three sessions, which were characterized by steady inflows into spot Bitcoin ETFs in the United States.
US spot Bitcoin ETFs registered $635 million in net outflows on Thursday, abruptly ending their three-day streak of net positive flows. Earlier in the week, these funds had attracted about $1.1 billion in net inflows, offsetting a portion of the $909.6 million in outflows recorded during the previous two weeks.
Thursday’s ETF outflows interrupted a broader recovery in institutional demand for Bitcoin, suggesting that renewed withdrawals could make it harder for the cryptocurrency to regain upward momentum if global market pressures persist.
Spot Bitcoin ETFs allow investors to gain direct exposure to Bitcoin without having to hold the asset themselves. Sustained buying through these funds has contributed to the overall demand for Bitcoin, supporting its price in recent months.
Bitcoin has now declined by roughly one-third from its all-time peak above $126,000 reached a year ago. While the cryptocurrency’s steady recovery since August had fueled speculation that prices might return to the $100,000 level this year, heightened volatility may temper these expectations.
Equity market slump triggers risk reductionBitcoin’s latest drop coincided with a significant sell-off across US stock markets, particularly within the technology and semiconductor sectors. The Nasdaq Composite slid 2.6% and the S&P 500 fell 1.2%. The Philadelphia Semiconductor Index, a benchmark tracking US-listed chipmakers, recorded a sharp 6.7% decline.
Nvidia shares declined by 4.4%, while Meta Platforms slipped by 7% despite stronger-than-expected revenue. Investors expressed concern over Meta’s rising expenditures related to artificial intelligence and upcoming share issuances.
Meanwhile, shares of SpaceX dropped 9% and Tesla slipped 3%, despite reporting positive third-quarter results. The downturn across technology stocks signaled heightened scrutiny of the costs associated with expanding AI infrastructure and large-scale innovation.
Analysts noted that the ongoing weakness in equities, particularly among risk-sensitive technology shares, has contributed to additional selling pressure in cryptocurrencies.
Mini dictionary: Philadelphia Semiconductor Index (SOX), a stock market index composed of companies primarily involved in the design, distribution, manufacture, and sale of semiconductors. It serves as a widely followed benchmark for the performance of the US semiconductor industry.
Index/Stock1-Day ChangeNasdaq Composite-2.6%S&P 500-1.2%Philadelphia Semiconductor Index-6.7%Nvidia-4.4%Meta Platforms-7%SpaceX-9%Tesla-3%Geopolitical tensions, oil prices drive further uncertaintyBroader macroeconomic and geopolitical factors have further weighed on market sentiment. Brent crude rose 3.7% to $112 per barrel as tensions between the United States and Iran fueled fears of oil supply disruptions.
Rising oil prices have prompted renewed concerns about inflation, which may complicate the outlook for central bank interest rates. Persistently high inflation could limit the potential for future monetary easing, adding pressure to risk assets like stocks and digital currencies.
The approach of the US midterm elections, now less than two weeks away, adds another layer of uncertainty. Investors are reassessing the possible economic and policy ramifications as geopolitical tensions persist in the Middle East.
Casa chief security officer Jameson Lopp has urged Bitcoin holders not to abandon self custody in favor of ETFs and third party custodians following a series of cryptocurrency wallet security incidents.
Summary
Jameson Lopp has urged Bitcoin holders not to abandon self custody despite.
Lopp warned that Bitcoin ETFs and third party custodians do not eliminate security risks but leave investors dependent on institutions to safeguard their holdings.
Recent incidents have raised questions about the safety of managing Bitcoin independently.
Lopp recommended multisig wallets and distributing private keys across different locations and hardware suppliers to reduce the risk of losing funds.
Bitcoin holders are advised to review their security arrangements and prepare for situations where they may no longer be able to access their funds.
In an October 22 open letter addressed to Casa clients and the Bitcoin community, Lopp argued that recent attacks had raised genuine concerns about managing private keys but did not justify giving up direct control of Bitcoin holdings.
Lopp pointed to recent incidents involving hackers using AI to find security flaws, compromised hardware wallet supply chains, drained cold wallets and more sophisticated scams, which have left many Bitcoin holders questioning whether they can safely manage their own funds.
According to him, many of the attacks making headlines today were already known to security professionals, although their emergence in actual incidents had made the risks more difficult for ordinary holders to ignore.
Lopp warns Bitcoin ETFs do not eliminate custody risks
Lopp took particular issue with the idea that moving Bitcoin into exchange traded funds or other managed custody arrangements offered a straightforward solution to recent security problems.
He acknowledged that investors could feel more comfortable relying on financial institutions after hearing about wallet compromises, but argued that transferring control of private keys merely placed responsibility with another party.
In his view, Bitcoin ETFs provide investors with exposure to the cryptocurrency’s price without giving them direct control over the underlying coins.
The arrangement requires investors to depend on the fund, its custodian and other parties responsible for safeguarding the assets. Lopp warned that holders could have little influence over decisions affecting their Bitcoin, including situations involving freezes or seizures by authorities.
He maintained that Bitcoin’s defining properties came from its fixed supply, publicly verifiable rules and the ability of users to access their holdings without obtaining permission from an intermediary.
Although investors could benefit financially from Bitcoin without holding private keys, Lopp argued that they would not enjoy the same degree of control available through direct ownership.
The warning followed reports that some Bitcoin holders had moved assets toward centralized platforms after recent wallet compromises.
In August, crypto.news reported record OKX inflows following the Coldcard hardware wallet exploit, with the exchange saying that customers were increasingly turning toward managed custody.
Recent Bitcoin wallet exploits have raised security concerns
The concerns outlined in Lopp’s letter followed several incidents involving weaknesses in wallet software, hardware distribution and private key generation.
One of the most significant cases involved Coldcard hardware wallets, where a firmware configuration error dating back to March 2021 caused affected devices to generate recovery seeds using a weaker source of randomness.
An August 3 report on the Coldcard security exploit detailed suspected Bitcoin thefts worth nearly $90 million at the time and calls from Kraken chief security officer Nick Percoco for independent testing of wallet seed generation.
The flaw allowed attackers to reconstruct vulnerable private keys without physically accessing the devices or obtaining their recovery phrases.
Coldcard subsequently released corrected firmware, although previously generated vulnerable seeds required users to create new wallets and transfer their holdings.
More recently, an October 13 investigation into compromised Ledger hardware wallets detailed cases involving devices distributed through Southeast Asian reseller CryptoBilis.
Ledger confirmed that an unauthorized hardware implant had been identified in one affected device, while the investigation had not established that its own systems or direct sales channels were compromised.
Security problems involving weak recovery seeds have affected other cryptocurrency networks as well.
On October 18, Qubic disclosed a wallet security breach involving approximately 2.94 trillion QU tokens worth $1.4 million stolen from 1,404 wallets.
Developers traced the incident to insufficient randomness in certain wallet recovery seeds and subsequently corrected the affected software.
Multisig security remains central
Against this background, Lopp argued that the response to failed security controls should involve improving wallet protection instead of abandoning self custody altogether.
Drawing on more than 15 years of security incidents across the cryptocurrency industry, he said effective custody arrangements needed to account for human mistakes and the possibility that individual safeguards could fail.
His preferred approach involved multisignature wallets, which distribute transaction authorization across multiple private keys and can prevent a single compromised key from providing complete access to funds.
Lopp cautioned that multisig was not a complete solution by itself, although he maintained that carefully designed arrangements could provide stronger protection than conventional custody systems.
He encouraged Bitcoin holders to review their existing setups and distribute keys across different geographic locations and hardware supply chains to reduce their dependence on any single device or location.
The letter addressed inheritance planning as another important consideration, particularly what would happen to someone’s Bitcoin if they became unable to access or manage their holdings.
Casa, which provides assisted self custody services, positions its role around helping customers manage these arrangements without taking possession of their private keys.
Lopp closed by warning that both malicious actors and well intentioned intermediaries could ultimately gain control over someone else’s Bitcoin, leaving holders responsible for deciding how much control they were prepared to surrender.
Billionaire investor Chamath Palihapitiya has warned that Bitcoin could eventually lose its value because of security risks, limited financial privacy and difficulties upgrading its technology. He believes advances in artificial intelligence (AI) and quantum computing could threaten Bitcoin’s cryptographic protections.
Speaking in an interview, Palihapitiya said Bitcoin’s growth could be limited because its public transaction records expose information about wallet activity, potentially creating security risks for identified holders.
“I just think it’s capped and then I think eventually it gets hacked and then it goes to zero,” he said when asked whether Bitcoin was finished.
AI and Quantum Computing Pose Potential RisksPalihapitiya warned that advanced AI systems could help identify weaknesses in cryptographic systems. He described a hypothetical attack targeting Bitcoin attributed to its pseudonymous creator, Satoshi Nakamoto. An attacker could attempt to steal the coins and profit by shorting Bitcoin if the incident triggered a market decline.
Quantum computing presents a separate potential challenge because sufficiently powerful quantum computers could undermine some cryptographic methods used to secure digital assets. However, no such attack has been demonstrated against Bitcoin’s network, and the threat depends on future technological developments.
Palihapitiya said Bitcoin needs to move towards quantum-resistant cryptography but questioned whether its developer community could agree on and implement the required changes in time.
Bitcoin’s Public Transactions Could Limit AdoptionPalihapitiya argued that Bitcoin’s limited privacy could restrict its appeal to central banks and other buyers that require greater confidentiality. Although wallet addresses do not automatically reveal their owners’ identities, blockchain analysis can sometimes link transactions to identifiable individuals.
He also cited reports of kidnappings and other crimes involving cryptocurrency holders in France to illustrate the potential risks of publicly identifying asset owners.
According to Palihapitiya, these privacy and security concerns could limit Bitcoin’s potential buyer base, placing a ceiling on its long-term growth. He transferred his long-term Bitcoin investment to Digital Currency Group (DCG) in exchange for company equity. He explained that this arrangement reduced his exposure to cryptocurrency storage and security risks.
Story Ends Here
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CryptoQuant CEO Ki Young Ju has stated that a potential correction in the artificial intelligence (AI) sector would likely have minimal impact on Bitcoin (BTC). Ju, a leading voice in cryptocurrency market analysis, shared his perspective on X, emphasizing that Bitcoin has not directly participated in the sharp surge of AI stocks seen throughout recent months.
Bitcoin’s relationship with the AI boomJu pointed out that Bitcoin and AI stocks have exhibited little correlation during the current AI-driven investment boom. While technology companies funnel hundreds of billions of dollars into developing sophisticated AI data centers and advanced chips, the growth in Bitcoin’s valuation has not been significantly linked to this trend.
“I don’t think an AI bubble burst would hurt BTC much,” Ju explained, referencing the flow of capital between sectors. He noted that some investors may have liquidated their Bitcoin holdings to capitalize on gains in AI stocks, possibly contributing to Bitcoin’s quieter performance during the AI rally.
As concerns over AI stock valuations increase and the possibility of market rotation arises, Ju suggested that a return of capital from AI stocks to Bitcoin is plausible. He remarked, “Now it may be time to rotate back into Bitcoin,” while clarifying that he does not expect an AI correction to serve as a direct catalyst for major price movements in Bitcoin itself.
Market dynamics and investment logicThe meteoric ascent of the AI sector has drawn comparisons to the dot-com era of the late 1990s, a period marked by dramatic gains followed by severe market correction. Some analysts argue that the current frenzy could signal the inflation of another speculative bubble, especially given the scale of investment in AI technology and infrastructure.
Despite industry optimism, skepticism persists regarding whether AI companies can generate enough sustained revenue to validate massive capital inflows. The complexity of the AI landscape also introduces risks, as firms invest heavily in both AI research and the necessary computing power, sometimes through partnerships that see developers reinvesting in their corporate backers’ services.
Even if the AI sector faces a significant correction, parallels to past technology cycles suggest that this would not spell the end of AI development. During the dot-com crash, much speculative wealth vanished, but the internet continued to reshape the global economy.
Meme tokens highlight market timing significanceAs speculation and swift capital movement define different sectors, the timing and selection of investments have become increasingly important, especially in volatile markets. In the meme token market, an internet trend can transform into millions of dollars of interest within days. According to Fomo App data, a trade involving “Niu Lai” that began with just $99 and grew to roughly $370,000 exemplifies this dynamic. Observing not only price action but also the precise timing and token choices of participants is seen as crucial for success.
Fomo App streamlines this process by integrating tools for token discovery, trading, social feeds, investor rankings, and trade notifications within a single platform, allowing users to monitor meme token trends and investor activity in real time.
The largest U.S. public pension fund has significantly reduced its holdings in the "Magnificent Seven" tech stocks, shifting to increase allocations to private equity.
According to a Financial Times report, CalPERS, the largest U.S. public pension fund (California Public Employees' Retirement System), is adjusting its asset allocation: cutting direct holdings of the "Magnificent Seven" tech giants while increasing exposure to private equity to reduce concentration risk in public equity investments. Calculations from regulatory filings show CalPERS will slash its direct holdings of stocks in Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla by 26% in the first half of 2026. The fund is instead diversifying its portfolio across hundreds of companies, cutting concentrated bets on a small number of top firms. Anton Orlich, CalPERS' deputy chief investment officer, confirmed this allocation shift in an interview. He noted that public equity market valuations are already elevated, and concentration in a handful of leading companies is pressuring relative returns. In contrast, private companies offer more attractive pricing, helping CalPERS buffer against potential downturns in public markets. This rebalancing took place ahead of the recent tech stock sell-off. This week, multiple tech giants released earnings reports, stoking market concerns over whether AI spending can translate into tangible returns. Microsoft, Amazon, and Alphabet are set to report results next week, leaving the tech sector facing further tests. As of June 30, CalPERS' assets under management reached $637.1 billion. Data released by the fund in July showed its preliminary net investment return for the past 12 months was 14.8%, with both public and private equity portfolios performing strongly.
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Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, Hui Ching Yu, stated that Hong Kong’s tokenization development is transitioning from the "experimental phase" to the "implementation phase". Currently, Hong Kong hosts over 1,400 fintech enterprises, including 8 virtual banks, 4 virtual insurance companies, and 12 licensed virtual asset trading platforms, which have achieved notable results in advancing tokenization. Hui added that the Hong Kong Exchanges and Clearing (HKEX) is committed to launching a tokenized warehouse receipt financing pilot program next year. The project will partner with designated banks, utilizing distributed ledger technology, to facilitate the use of commodity warehouse receipts as collateral. Furthermore, HKEX is also developing a multi-asset tokenization platform that will include commodity warehouse receipts from approved warehouses.
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According to Bitget's market data, South Korea's KOSPI index closed up 16.53 points on Friday, October 23, with a 0.3% gain, ending at 5550.3 points. SK Hynix closed 4.41% higher, while Samsung Electronics rose 0.46%.
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Jackson.ll (@0xOar), developer of Binance Wallet’s web version, posted today, stating: “Agent ID is being used in various ways, but users should also carefully check risk warnings. Enabling developer mode for the Agent means you can sign unverified contract transactions... Potential risks need attention. You can close the mode immediately after minting, or wait for products from verified developers.” He Yi subsequently retweeted the post. Earlier reports indicated that multiple minting projects exclusive to Binance Agent Wallet have recently emerged in the market, with some requiring developer mode activation.
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Beating AI News Brief: ZhenFund has launched "Ask AI" on its official website, enabling entrepreneurs to directly inquire about the firms ZhenFund has invested in, its recent focus sectors, and relevant events tailored to them. The setup is straightforward: ZhenFund has compiled public information including its investment team, portfolio companies, focus areas, startup events, and contact details into a bilingual (Chinese-English) `zhenfund.md` file. Clicking any AI entry point redirects users to one of four platforms—Kimi, ChatGPT, Claude, or DeepSeek—with a pre-filled prompt that instructs the model to first read the `zhenfund.md` file before answering the entrepreneur’s questions.
Bitcoin clawed back some ground but remained below $82,000 on Friday, after experiencing heavy losses in the previous session amid fears that the artificial intelligence trade is losing steam.
The flagship cryptocurrency was 0.8% higher at $81,828, bouncing back from lows of $81,074 on Thursday. Bitcoin joined technology and AI stocks in selling off, as the Nasdaq finished the day down 2.6% to mark its largest one-day decline since June.
Cryptocurrencies have taken a hit this week as fears around artificial intelligence spurred investors to rotate out of riskier assets. Spot Bitcoin ETF flows, however, signal improving institutional demand, which has helped cushion recent losses, said Konstantinos Chrysikos, director at broker Kudo.com.
Data from Coinglass shows that bitcoin ETFs have recorded net inflows for three straight days totaling $1.07 billion, with over $500 million in inflows seen on Wednesday alone.
Ether rose 0.8% after heavy declines seen on Thursday.
23 October 2026 | 09:58 Bitcoin Core will now ship fixes for easy-to-find vulnerabilities to every maintained version as soon as possible, after AI tools made its longer embargoes for those bugs largely pointless.
Key Takeaways Medium, high bugs: disclosure roughly a year later
Easy-to-find bugs: fixed releases as soon as possible
Fixes go to 31.x, 30.x and 29.x
Version 28.x reached end of life in April
Bitcoin Core developer Antoine Poinsot committed the change to the project’s security policy on October 22. It is a disclosure rule, not a report of a new exploit, and it says nothing about Bitcoin’s cryptography or users’ private keys.
Why AI undercut the embargo The developers wrote that they had recently seen more reports of vulnerabilities that can easily be found, or found again. They attributed this largely to language models, which lower the bar for spotting certain classes of bugs and can also identify covert fixes: security patches merged into the code without being labelled as such.
That second point undercuts the purpose of an embargo. Bitcoin Core is open source, so a fix is visible in public code long before its details are published. If a model can recognise the change as a security fix, keeping quiet does little to hide the bug from attackers while still delaying a patched release for users.
“The embargo period achieves little but it delays the availability of a fixed release.”
Long embargoes also shaped where fixes landed. The developers wrote that their approach generally meant security fixes could not be backported to older versions and reached users only with the next major release.
How the new rule changes the timeline The existing timelines, set out on the project’s security advisories page, show how long that wait could be.
Category When details go public Where the fix ships Low severity Two weeks after a major release containing the fix Generally the next major release Medium and high severity Two weeks after the last affected release reaches end of life, roughly a year after the fix first ships Generally the next major release Critical Outside the standard policy; likely an ad hoc procedure Easily discoverable (new) With the fixed releases, in a security advisory A point release for every maintained major version, as soon as possible Developers decide on the classification when they assess a report. They expect it to cover bugs that can be found with minimal effort, such as through a simple prompt to a language model, though it is not limited to AI discoveries. For these bugs, the severity-based embargo no longer applies.
Which nodes get the patch Bitcoin Core’s maintenance policy covers the latest three major versions. When a new one is released, the oldest becomes end of life and generally receives no security fixes.
31.x · maintained
30.x · maintained
29.x · maintained
28.x · end of life April 19, 2026
Nodes still running 28.x or older generally won’t receive these fixes. The project aims for a major release every six to seven months, and the next one, 32.0, will push 29.x out of the maintenance window. Bitcoin Core recommends running the latest maintenance release of the most recent major version an operator can upgrade to, and its download page explains how to verify release checksums and signatures.
Backporting also depends on people. The lifecycle page notes that the bar for backporting a change rises as a version ages, and that there are not always enough volunteers to manage it. Maintenance capacity has shaped other decisions too, as the earlier debate over Bitcoin Core’s support for the CJDNS privacy network showed.
The trade-off, and what to watch The developers frame every security policy as a balance between transparency, which helps attackers and defenders alike, and giving users time to upgrade, something Bitcoin Core’s slow upgrade culture makes harder. Publishing an advisory alongside the fixed releases means details become public while some nodes still run unpatched software. For bugs attackers could find on their own, the developers judge that a quick fix matters more than keeping the details quiet.
The first security advisory issued under the new rule will show how quickly point releases reach all three maintained versions in practice. Separately, the release of 32.0 will narrow the set of nodes that can receive them.
This article is provided for informational purposes only and does not constitute financial or investment advice. Node operators should follow official Bitcoin Core release notes and verification instructions.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
