Author: James Wilson
Authorities in Ghana and Nigeria have arrested 28 suspects during an international crackdown on online fraud networks, with cryptocurrency exchanges Binance and Coinbase among the private companies helping investigators identify more than $11 million in potentially freezable funds. Summary Authorities arrested 28 suspects in Ghana and Nigeria during an international crackdown on online scam networks. Private companies identified over $11 million potentially available for freezing, not money confirmed as recovered. Coinbase reported preventing over $415,000 in potential fraud losses and identifying more than 65 victims. Police identified 117 trafficking victims in Ghana, while Meta removed over 3.7 million suspicious accounts.…
Stablecoin market growth has slowed when U.S. banks raised deposit interest rates, with new research finding that a one-basis-point increase in deposit rates was associated with roughly three percentage points less stablecoin market capitalization growth over ten weeks. Summary BIS researchers found higher deposit rates were associated with slower stablecoin growth over ten weeks. A one-basis-point deposit rate rise corresponded to roughly three percentage points less stablecoin market growth. Researchers estimated USDC growth slowed by 4.8 percentage points, versus 1.9 percentage points for USDT. An instrumental-variable model estimated a larger nine-percentage-point slowdown following a one-basis-point increase in deposit rates. Similar…
Blockchain analytics firm Chainalysis has found that Italy, Portugal and Singapore account for 66.9% of tokenized U.S. Treasury holdings with identifiable geographic locations, while the United States represents just 10.5% of the recorded value. Summary Italy, Portugal and Singapore account for 66.9% of tokenized Treasury value with identifiable holder locations. U.S. investors account for 10.5% of geolocated tokenized Treasury holdings, placing the country fourth globally. Japan represents 16.4% of identified holders but controls just 0.4% of the recorded asset value. Tokenized U.S. Treasury assets grew 125% to $15.42 billion during the year ending July 2026. Chainalysis says tokenization gives overseas…
Nine companies have formally objected to plans by OKXICE to offer tokenized versions of their shares, preventing the proposed trading platform from listing those securities under a new U.S. regulatory exemption. Summary Nine companies have objected to tokenized trading of their shares on OKXICE’s proposed U.S. platform. Broadcom, CoreWeave, Verizon and UnitedHealth appear among the companies named in the October 15 notice. SEC rules give companies 30 days to reject third-party stock tokenization on a specific trading venue. OKXICE plans round-the-clock trading through Uniswap v4 liquidity pools on the XLayer blockchain network. The joint venture is owned equally by ICE…
On-chain investigators have identified additional suspected stolen cryptocurrency moving into Zcash (ZEC), with funds reportedly linked to three separate security incidents involving Bitget, Cryptobills Ledger and Triple-A. Summary On-chain investigator Specter linked alleged stolen funds from three security incidents to Zcash transactions recently. ZachXBT traced approximately 2,700 ZEC into Zcash’s Ironwood shielded pool following the September Bitget breach. Bitget confirmed approximately $387.5 million reached attacker-controlled addresses during its September 24 security incident investigation. Specter identified Cryptobills Ledger and Triple-A funds entering Zcash without publishing complete transaction-level evidence publicly. Zcash activated Ironwood in July 2026, creating a new shielded pool after…
Solana price has retreated toward $104, putting $100 support back under pressure even as its weekly chart leaves room for the broader recovery to survive. Summary SOL’s daily chart showed $104.47 after an intraday decline to $103.91. The weekly 50-period average near $98.99 sits just beneath the recent $100.62 low. Daily Aroon and Awesome Oscillator readings favored continued downside pressure. U.S. Solana ETFs recorded nine consecutive withdrawal sessions ahead of the scheduled Alpenglow upgrade. Solana is back near the area where its September recovery began to gather strength. After advancing from its summer base toward $124, the token has surrendered…
Tesla-linked perpetual futures have retreated to around $357 on Hyperliquid, reversing an overnight climb toward $380 following Elon Musk’s demonstration of a thruster-equipped Roadster. Summary Hyperliquid’s Tesla contract reversed its climb toward $380 and traded down 0.95% over 24 hours. Binance led daily Tesla-linked trading with $564.49 million in turnover, according to RootData. Hyperliquid held approximately $80 million in open interest, ahead of Binance’s $64.96 million. Tesla will release third-quarter financial results after market close on Oct. 21. Hyperliquid showed its TSLA-USDC contract at a mark price of $356.66, down $3.42 over 24 hours, with approximately $247.8 million in daily…
Bitcoin traded near $81,400 on Oct. 16 after rebounding from a weekly low of $79,800, leaving its recovery dependent on holding the 50-day moving average and breaking a pattern of lower highs. Summary Bitcoin hovered near its 50-day moving average at $81,279 after slipping below $80,000 this week. Trader Ardi identified $84,200 as the level needed to break the local bearish structure. Weekly RSI held above 50, while the daily chart showed weaker short-term momentum. CoinGlass’s one-week heatmap showed a large overhead liquidation cluster around $84,300–$84,700. Bitcoin’s daily chart showed a price of $81,345.75, down 1.09% for the session, at…
Pump.fun has introduced a Hyperliquid-powered perpetual futures interface, with published fees of up to 0.10% per order and access restrictions covering the United States and Ontario. Summary Pump.fun has introduced perpetual futures trading through Hyperliquid’s infrastructure. Published fees reach 0.10% per order and 0.25% per bridge transfer. Hyperliquid handles orders, margin, funding payments, liquidations, and settlement. The perpetual trading feature restricts access for users in the United States and Ontario. Pump.fun’s terms, updated Oct. 17, describe the service as a software interface that sends signed trading instructions to Hyperliquid. The protocol handles orders, margin, funding, liquidations and settlement, while Pump.fun…
Crypto and blockchain projects have announced at least $51.4 million across six disclosed financings during Oct. 10–16, led by Sui Foundation’s $30 million strategic investment in DATA Network. Summary Six disclosed financings totaled $51.4 million during the Oct. 10–16 reporting period. Sui Foundation announced a $30 million strategic investment as DATA Network prepares to migrate. Fission’s $10 million Series A drew backing from Pantera Capital and Circle Ventures. Zaria raised $5.2 million while pursuing a US national trust-bank charter. Multiliquid disclosed $8 million in cumulative funding; its new seed amount remains undisclosed. Crypto Fundraising and DefiLlama provided the starting deal…