Author: James Wilson
A dollar stablecoin can change hands across borders and blockchains at any hour. Its issuer may hold reserve assets in one jurisdiction while users trade the token in several others. An October 12 Financial Stability Board note says the resulting obligations and flows are difficult for any single authority to observe. The missing information becomes consequential when a token trades below its peg and users seek redemption from whichever entity can pay. Summary Stablecoins had about $300 billion in market value in mid 2026, according to the Financial Stability Board. Dollar pegged tokens represented 99% of that market by value…
Autheo’s THEO token has plunged more than 90% following a suspected cross-chain bridge exploit that reportedly allowed an attacker to mint millions of unauthorized tokens on Base. Summary Autheo has launched an investigation into a suspected THEO exploit after the token lost more than 90% of its value. PeckShield reported that an attacker minted 19 million THEO on Base and swapped the tokens for 700.8 ETH worth approximately $1.76 million. Another researcher claimed the attacker minted 119 million THEO through a suspected Hyperlane bridge vulnerability, although Autheo has not confirmed the figure. A wallet holder reported receiving 93.5 million THEO…
Japanese Bitcoin treasury company Metaplanet has announced plans to issue ¥52 billion, approximately $340 million, in zero-interest convertible bonds due in 2031, using the funds to repay Bitcoin-backed loans and finance share repurchases. Summary Metaplanet plans ¥52 billion in zero-interest convertible bonds maturing in October 2031, its filing confirmed. The company earmarked ¥23.6 billion for debt repayment and up to ¥28.3 billion for buybacks. Metaplanet held 44,000 Bitcoin at September’s end, according to its latest corporate bond issuance filing. Existing Bitcoin-backed borrowing reached approximately $650 million, exceeding the company’s preferred leverage ratio in September. Merrill Lynch International will lead the…
Pi Network has entered a crucial week ahead of its scheduled Protocol 28 upgrade on October 16, 2026, while its native PI token continues trading near $0.08 following a prolonged market decline. Summary Pi Network’s Protocol 28 upgrade is scheduled for October 16, following an October 13 deadline. PI traded near $0.08042, declining 2.10% daily and 7.32% weekly, according to supplied CoinGecko data. Pi Network confirmed its Open Standard partnership will explore OUSD rewards and ecosystem payment applications. PI remained below its four major exponential moving averages, indicating continued bearish momentum on charts. Analysts identified $0.075 support and potential resistance…
South Korea’s KB Kookmin Card has signed a four-party agreement with Japan’s SBI Holdings and two security companies to test AI agent identity verification and explore stablecoin payments between the two countries. Summary Four companies signed an agreement to test AI identity verification and cross-border digital payment services. SBI Holdings and KB Kookmin Card will explore stablecoin payments for Japanese tourists visiting Korea. KYA Trust Gateway will verify AI agent identities, delegated user permissions, and authorized financial transactions. KB Kookmin Card plans to examine AI agent integration with its existing KB Pay platform. Everspin says its security systems have detected…
Binance has announced that it will permanently shut down Binance Pool and its related cryptocurrency mining services on November 10, 2026, at 07:00 UTC, ending support for mining connections, reward generation and several associated products. Summary Binance will discontinue its mining pool and related services on November 10 at 07:00 UTC. Miners must switch to other mining pools before Binance disables connections and stops accepting hashrate. Pool Savings, Cloud Mining, Transaction Accelerator and related APIs will close under the announced schedule. Eligible unpaid mining rewards and refunds will be processed after closure under applicable Binance rules. Binance will retain historical…
Bitcoin miners have secured AI financing at sharply different rates, with IREN’s 6% and 9% agreements showing how project terms have shaped borrowing costs, according to BlocksBridge Consulting. Summary IREN secured separate $3.65 billion and $2.4 billion financing packages at 6% and 9%. BlocksBridge said lenders increasingly assess customers, contract terms and the route to project completion. Google’s backing of Cipher lease obligations included warrants representing approximately 5.4% of its equity. A June analysis estimated public miners needed roughly $50 billion to complete planned AI infrastructure. BlocksBridge Consulting, in its Oct. 8 Miner Weekly newsletter, said lenders have become more…
DoubleZero has added Binance spot and futures data as Edge’s fifth venue in six months, with co-founder Austin Federa arguing that access to the fastest market feeds should be available to anyone willing to subscribe. Summary Binance joins Solana, Kalshi, Hyperliquid and Phoenix on DoubleZero’s Edge market-data platform. Federa says competition among professional traders can produce tighter spreads and better prices. Edge uses a common data format to reduce the work of connecting separate venues. Binance’s feeds carry top-of-book information and trades over DoubleZero’s dedicated fiber network. Austin Federa, DoubleZero’s co-founder, told crypto.news that opening access to faster data is…
CoinShares has outlined an integration with Safe Labs and Railnet to offer stablecoin yield strategies through Safe’s Earn widget while keeping users’ investment positions in self-custody, according to a press release dated Oct. 14. Summary CoinShares will design the stablecoin strategies and oversee their risk selection without holding users’ assets. Safe users will access the strategies through the Earn widget and can request withdrawals at any time. Railnet will supply the vault infrastructure connecting CoinShares’ strategies with the Safe wallet interface. The release lists jurisdiction and eligibility limits, including an exclusion for US persons, and warns yields vary. CoinShares, in…
Sberbank has secured the Bank of Russia’s approval to provide cryptocurrency exchange services, joining nine registered operators ahead of its planned Dec. 1 product launch. Summary Nine organizations now appear in Russia’s cryptocurrency exchange register, including Sberbank, VTB and T-Invest Lab. Sberbank plans to offer its first crypto products on Dec. 1 through existing customer platforms. Registered firms must follow transaction rules immediately and meet remaining requirements by Sept. 1, 2027. U.S. Treasury sanctions rules cover cryptocurrency transactions involving blocked Russian institutions as well as fiat transfers. The Bank of Russia has added Sberbank to its register of organizations authorized…