Author: James Wilson
The International Monetary Fund has found that tokenized stocks experienced approximately 1.5 times the volatility of traditional shares, even as more than half of transactions occurred outside regular U.S. trading hours and 80% involved less than one share. Summary IMF research found over half of tokenized stock trading occurred outside regular United States market hours. 80% of examined tokenized equity trades involved quantities smaller than one conventional share, IMF researchers found. Tokenized equities showed approximately 1.5 times the volatility of equivalent stocks traded through traditional exchanges. The IMF estimated tokenized real world assets at $65 billion, including $2.3 billion in…
Ledger has confirmed finding an unauthorized hardware implant inside one customer’s cryptocurrency wallet during its October 10 investigation into reported thefts involving Southeast Asian reseller CryptoBilis, as blockchain researchers estimate suspected losses exceeding $86 million. Summary Ledger confirmed an unauthorized hardware implant inside one affected customer’s device during its CryptoBilis investigation. CryptoBilis suspended sales of all hardware wallets while Ledger investigates reported losses involving Asian customers. Ledger advised customers with CryptoBilis devices against setup and recommended fresh recovery phrases for others. Researcher Mark Karpelès reported finding suspicious electronics behind a Ledger Nano X screen in Malaysia. Bitquery estimated $92.9 million…
Malaysian police have launched an investigation into a suspected cryptocurrency wallet hack after a man in Teluk Intan reported losing approximately RM12.47 million ($3.05 million) in digital assets through transactions he did not authorize. Summary Malaysian police are investigating suspected unauthorized cryptocurrency transfers worth RM12.47 million, approximately $3.05 million reportedly. The victim discovered missing digital assets around 1 p.m. on October 9 in Teluk Intan. Perak police enlisted Bukit Aman commercial crime investigators to trace transfers across the relevant blockchain. Authorities opened an investigation under Section 420 of Malaysia’s Penal Code, which addresses criminal cheating. Police have not identified the…
NEAR Protocol has recovered above $5 after falling to approximately $4.30 on October 8, but its price has struggled to break through the $5.30–$5.65 resistance area despite gaining roughly 9% over the past week. Summary NEAR traded near $5.24 on October 11, remaining below the important $5.30 resistance area again. October 8 trading saw NEAR fall toward $4.30 before recovering above $5 during subsequent sessions. Analysts identified $5.65 as a potential breakout level, with $6 and $6.50 as conditional targets. The nine day moving average remained near $5.04, while the reported MACD histogram turned negative. CoinGecko recorded roughly $6.9 billion…
An anonymous GTA 6 leaker known as CyberLeek has threatened to release the entire game before its November 19 launch if a Solana-based meme coin reaches a $30 million market capitalization, according to a statement published on October 10. Summary CyberLeek claims a complete GTA 6 build could be released after CYBERLEEK reaches $30 million. The anonymous account demanded physical game discs and a public apology from publisher Take-Two Interactive. Rockstar has scheduled GTA 6 for November 19, 2026, on PlayStation 5 and Xbox consoles. CyberLeek previously circulated gameplay footage, including approximately 25 minutes of clips released on October 8.…
Japanese police have arrested six people over an alleged cryptocurrency money laundering operation involving approximately 91 million yen ($580,000) in suspected fraud proceeds, with investigators examining transactions connected to around 30 victims across the country. Summary Japanese police arrested six suspects accused of laundering proceeds from investment fraud through cryptocurrency transactions overseas. Investigators suspect approximately 91 million yen passed through the operation during February and March 2024. Police linked the suspected funds to around 30 fraud victims living across fifteen Japanese prefectures. Weather company president Keisuke Tanaka and suspected intermediary Yusuke Shibuya were among those arrested Thursday. Police allege the…
Decentralized trading platform Papertrade has faced allegations of price manipulation after two cryptocurrency wallets reportedly used trades worth around $20 million on Hyperliquid to move Ethereum prices by 0.1%–0.2% while holding positions worth hundreds of millions of dollars. Summary Papertrade faces allegations that two wallets manipulated Ether prices through large trades on Hyperliquid recently. Researcher claims roughly $20 million orders moved ETH quotes by 10 to 20 basis points. Papertrade uses Hyperliquid order book midpoint pricing for synthetic trades settled against its liquidity pool. Hyperliquid uses separate oracle and mark prices for margin calculations, according to official trading documentation. No…
Security researchers have warned that a fake Ledger website and application have appeared prominently in Google search results, attempting to steal cryptocurrency wallet recovery phrases as the hardware wallet maker investigates more than $86 million in suspected customer losses. Summary Researchers warned that fake Ledger websites appeared prominently in Google searches and requested recovery phrases. Zscaler documented malicious Google ads that redirected Ledger users through multiple websites to phishing pages. Claims of one million visits remain unverified, with earlier advertising data referring to Google itself. Ledger is investigating suspected losses involving CryptoBilis customers, while researchers estimate over $86 million stolen.…
Morgan Stanley has raised its Coinbase stock price target from $250 to $258 ahead of earnings while retaining an Equal Weight rating, placing its forecast 50% above the shares’ previous $172 close. Summary Morgan Stanley increased its Coinbase target by $8 without changing its Equal Weight recommendation. Citizens JMP lowered its target to $280 from $325 but retained a Market Outperform rating. Coinbase reported second-quarter revenue of $1.22 billion, down 18.5% from a year earlier. The company has expanded derivatives and stock products while facing state challenges over prediction markets. Morgan Stanley kept its existing recommendation as part of an…
The Commodity Futures Trading Commission has proposed adding event contracts covering four categories, including sports, to its swap definition while issuing a separate rule excluding casino-style gambling products. Summary The Oct. 9 proposal covers contracts tied to sports, politics, cultural events, and weather. A separate interim final rule excludes sportsbook wagers and casino games from the swap definition. Federal appeals courts have reached conflicting decisions on state authority over sports event contracts. The NFL has backed New Jersey’s request for Supreme Court review of Kalshi’s sports contracts. The Commodity Futures Trading Commission announced the proposal on Oct. 9, describing event…