<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[CryptoSlate]]></title><description><![CDATA[The Catalyst by CryptoSlate explains the day’s most consequential crypto stories, why they matter, and what to watch next.]]></description><link>https://cryptoslate.substack.com</link><image><url>https://substackcdn.com/image/fetch/$s_!Gi72!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F12474a4e-83b7-4f35-a01d-7dc70f168bd5_256x256.png</url><title>CryptoSlate</title><link>https://cryptoslate.substack.com</link></image><generator>Substack</generator><lastBuildDate>Thu, 05 Nov 2026 00:58:16 GMT</lastBuildDate><atom:link href="iframe.php?url=https%3A%2F%2Fcryptoslate.substack.com%2Ffeed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Zenzio Incorporated]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[cryptoslate@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[cryptoslate@substack.com]]></itunes:email><itunes:name><![CDATA[CryptoSlate]]></itunes:name></itunes:owner><itunes:author><![CDATA[CryptoSlate]]></itunes:author><googleplay:owner><![CDATA[cryptoslate@substack.com]]></googleplay:owner><googleplay:email><![CDATA[cryptoslate@substack.com]]></googleplay:email><googleplay:author><![CDATA[CryptoSlate]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Binance stopped 57 North Korean cyber threats but fell for a fake job interview]]></title><description><![CDATA[Binance&#8217;s account traces the theft from a developer&#8217;s work computer to wallet-signing infrastructure.]]></description><link>https://cryptoslate.substack.com/p/binance-stopped-57-north-korean-cyber</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/binance-stopped-57-north-korean-cyber</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Wed, 04 Nov 2026 15:49:08 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21H5nm%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fb4595720-9bb0-4d05-892f-33acf4866a56_1280x630.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Binance&#8217;s account of its $6.34 billion theft describes a recruitment scam that reached wallet-signing infrastructure despite dozens of intercepted threats. The breach exposes the risk to customer assets when attackers can move from a developer&#8217;s work computer into systems that authorize transfers.</p><p>Binance says less-liquid tokens are slowing replenishment, while withdrawal access depends on checks for each asset and network. In markets, Bitcoin and ten-year real Treasury yields both fell over October 21&#8211;30; US spot Bitcoin ETFs recorded $398.6 million in net outflows on November 2.</p><h2>Top News</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbinance-stopped-57-north-korean-cyber-threats-but-fell-for-a-fake-job-interview%2F">Binance stopped 57 North Korean cyber threats but fell for a fake job interview</a></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbinance-stopped-57-north-korean-cyber-threats-but-fell-for-a-fake-job-interview%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!H5nm!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb4595720-9bb0-4d05-892f-33acf4866a56_1280x630.jpeg 424w, https://substackcdn.com/image/fetch/$s_!H5nm!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb4595720-9bb0-4d05-892f-33acf4866a56_1280x630.jpeg 848w, https://substackcdn.com/image/fetch/$s_!H5nm!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb4595720-9bb0-4d05-892f-33acf4866a56_1280x630.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!H5nm!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb4595720-9bb0-4d05-892f-33acf4866a56_1280x630.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21H5nm%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fb4595720-9bb0-4d05-892f-33acf4866a56_1280x630.jpeg" width="1280" height="630" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/b4595720-9bb0-4d05-892f-33acf4866a56_1280x630.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:630,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:560264,&quot;alt&quot;:&quot;A recruiter appears on a laptop call as a cable passes through a torn keyboard into a partly open Binance-marked security door.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/binance-stopped-57-north-korean-cyber-threats-but-fell-for-a-fake-job-interview/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/223486022?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb4595720-9bb0-4d05-892f-33acf4866a56_1280x630.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="A recruiter appears on a laptop call as a cable passes through a torn keyboard into a partly open Binance-marked security door." title="A recruiter appears on a laptop call as a cable passes through a torn keyboard into a partly open Binance-marked security door." srcset="https://substackcdn.com/image/fetch/$s_!H5nm!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb4595720-9bb0-4d05-892f-33acf4866a56_1280x630.jpeg 424w, https://substackcdn.com/image/fetch/$s_!H5nm!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb4595720-9bb0-4d05-892f-33acf4866a56_1280x630.jpeg 848w, https://substackcdn.com/image/fetch/$s_!H5nm!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb4595720-9bb0-4d05-892f-33acf4866a56_1280x630.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!H5nm!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb4595720-9bb0-4d05-892f-33acf4866a56_1280x630.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Image by CryptoSlate</figcaption></figure></div><p>Binance&#8217;s November 3 report says attackers used a compromised work computer and an internal AI tool on October 20, then obtained a deployment token used to reach wallet-signing infrastructure for the October 29 theft. The computer had been compromised through a malicious coding assignment during a fake job interview in September. Binance says it prevented 57 suspected North Korea-linked threats in 2026, without disclosing how many involved fake interviews or were connected to the attackers.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbinance-says-thinly-traded-tokens-are-delaying-full-replacement-of-stolen-assets%2F">Binance says thinly traded tokens are delaying full replacement of stolen assets</a></h3><p>Binance attributes unfinished replenishment to less-liquid tokens and says withdrawal routes reopen after checks for each asset-network pair. Proof for its October 31 reserve snapshot covers ten tokens and does not establish current withdrawal availability.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-and-treasury-yields-fall-together-in-rare-divergence-as-80000-recovery-fails%2F">Bitcoin and Treasury yields fall together in rare divergence as $80,000 recovery fails</a></h3><p>Bitcoin fell 8.25% over October 21&#8211;30 while ten-year real Treasury yields declined 16 basis points. Farside reported roughly $1.04 billion in net Bitcoin ETF outflows across October 30 and November 2; these observations do not establish causation.</p><h2>What We&#8217;re Watching</h2><ul><li><p>Will Binance complete its planned November 4 reserve snapshot with broader token coverage? The exchange estimates approximately 40 to 50 hours for subsequent proof generation. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbinance-says-thinly-traded-tokens-are-delaying-full-replacement-of-stolen-assets%2F">Source</a></p></li><li><p>What will Binance&#8217;s commissioned independent cybersecurity review establish about weaknesses in its internal AI environment? No findings or completion date are reported. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbinance-relied-on-ai-to-fight-fraud-before-hackers-exploited-internal-tool-in-6-billion-theft%2F">Source</a></p></li><li><p>Will the October employment report, due November 6 according to the article, change expectations for Federal Reserve policy? The article identifies it as a potential influence on Treasury yields. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-and-treasury-yields-fall-together-in-rare-divergence-as-80000-recovery-fails%2F">Source</a></p></li></ul><h2>Elsewhere in Crypto</h2><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcoinbase-xrp-looked-cheap-on-nov-2-despite-identical-market-value%2F">Coinbase XRP looked cheap on Nov. 2 despite identical market value</a>. Dollar conversion narrows November 2&#8217;s Coinbase discount from 0.168% to 0.006%; asynchronous closing trades limit the comparison.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-investors-could-pay-the-price-as-the-federal-reserve-tightens-bank-lending-rules%2F">Bitcoin investors could pay the price as the Federal Reserve tightens bank lending rules</a>. The survey records banks&#8217; prior-quarter lending decisions, without establishing new Fed rules or a link to Bitcoin selling.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2F55m-is-riding-on-ohio-senate-race-but-biggest-fight-comes-after-the-election%2F">Crypto spent $55 million defending a senator who already backed CLARITY</a>. Crypto-backed spending sought to retain a CLARITY supporter; stablecoin rewards, banking risks and customer protections remain legislative disputes.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbinance-relied-on-ai-to-fight-fraud-before-hackers-exploited-internal-tool-in-6-billion-theft%2F">Binance relied on AI to fight fraud before hackers exploited internal tool in $6 billion theft</a>. Binance commissioned an independent security review; its account does not establish that an AI model autonomously executed the theft.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fnorth-korea-denies-role-in-6-billion-binance-hack-after-fbi-accusation%2F">North Korea denies role in $6 billion Binance hack after FBI accusation</a>. Reuters reported North Korea&#8217;s denial of FBI attribution; US agencies requested transaction blocking, with implementation unconfirmed.</p>]]></content:encoded></item><item><title><![CDATA[Binance warns of second wave of crypto theft as $6.3 billion hack recovery continues]]></title><description><![CDATA[Binance&#8217;s reserve proof covers ten tokens in an October 31 snapshot as withdrawals reopen in phases]]></description><link>https://cryptoslate.substack.com/p/binance-warns-of-second-wave-of-crypto</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/binance-warns-of-second-wave-of-crypto</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Tue, 03 Nov 2026 15:47:27 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21vHnm%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F9a350b5d-dd36-4601-ab38-83a0b1dc537d_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>A reserve snapshot answers only part of what Binance customers need to know as withdrawals reopen. Binance warns that withdrawal delays give fraudsters an opening to solicit payments and wallet approvals, exposing customers to further theft during recovery.</p><p>Binance&#8217;s futures rules also allow auto-deleveraging to reduce profitable hedges even when customer assets are backed. At Mercado Bitcoin, Tether has frozen tokens linked to another exchange breach, while the exchange has yet to disclose the incident&#8217;s financial extent.</p><h2>Top News</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbinance-warns-of-second-wave-of-crypto-theft-as-6-3-billion-hack-recovery-continues%2F">Binance warns of second wave of crypto theft as $6.3 billion hack recovery continues</a></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbinance-warns-of-second-wave-of-crypto-theft-as-6-3-billion-hack-recovery-continues%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!vHnm!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9a350b5d-dd36-4601-ab38-83a0b1dc537d_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!vHnm!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9a350b5d-dd36-4601-ab38-83a0b1dc537d_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!vHnm!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9a350b5d-dd36-4601-ab38-83a0b1dc537d_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!vHnm!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9a350b5d-dd36-4601-ab38-83a0b1dc537d_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21vHnm%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F9a350b5d-dd36-4601-ab38-83a0b1dc537d_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/9a350b5d-dd36-4601-ab38-83a0b1dc537d_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:517478,&quot;alt&quot;:&quot;Anonymous lockboxes sit inside a weathered Binance case beside cut cable and frosted glass against magenta torn paper.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/binance-warns-of-second-wave-of-crypto-theft-as-6-3-billion-hack-recovery-continues/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/223338118?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9a350b5d-dd36-4601-ab38-83a0b1dc537d_1280x720.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Anonymous lockboxes sit inside a weathered Binance case beside cut cable and frosted glass against magenta torn paper." title="Anonymous lockboxes sit inside a weathered Binance case beside cut cable and frosted glass against magenta torn paper." srcset="https://substackcdn.com/image/fetch/$s_!vHnm!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9a350b5d-dd36-4601-ab38-83a0b1dc537d_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!vHnm!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9a350b5d-dd36-4601-ab38-83a0b1dc537d_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!vHnm!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9a350b5d-dd36-4601-ab38-83a0b1dc537d_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!vHnm!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9a350b5d-dd36-4601-ab38-83a0b1dc537d_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Image by CryptoSlate</figcaption></figure></div><p>Binance warned on November 2 about offers of paid withdrawal priority, compensation links and fraudulent proof-of-reserves websites, and said it charges no fee to unlock withdrawals. The exchange said it had replenished about 95% of affected assets and completed the reserve proof for ten tokens in its October 31, 00:00 UTC snapshot. That proof establishes neither current balances nor overall solvency; the article leaves asset and network coverage unconfirmed for the withdrawal phase scheduled for November 3.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbinance-can-cut-a-winning-bitcoin-hedge-even-when-customer-assets-are-backed%2F">Binance can cut a winning Bitcoin hedge even when customer assets are backed</a></h3><p>Binance&#8217;s futures rules permit auto-deleveraging to reduce profitable hedges when relevant insurance-fund limits are reached. Its disclosure that excess futures reserves supported recovery establishes neither a shortfall nor a measurable increase in that risk.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ftether-freezes-4-5-million-as-mercado-bitcoin-hacker-holds-46-million-in-crypto%2F">Tether freezes $4.5 million as Mercado Bitcoin hacker holds $46 million in crypto</a></h3><p>Tether confirmed freezing more than 4.5 million USDT linked to Mercado Bitcoin&#8217;s breach. Arkham identified roughly $46 million in wallets attributed to the attacker; the exchange reported no customer losses but left its financial exposure undisclosed.</p><h2>What We&#8217;re Watching</h2><ul><li><p>What will Binance&#8217;s planned November 4 reserve snapshot cover, and when will its proof arrive? The exchange estimates another 40 to 50 hours to generate it. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbinance-warns-of-second-wave-of-crypto-theft-as-6-3-billion-hack-recovery-continues%2F">Source</a></p></li><li><p>What will Treasury&#8217;s November 4 issuance and buyback plans reveal about dealer financing demands? Any reserve relief would still leave Bitcoin&#8217;s demand response to be observed. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ftreasury-holds-1-trillion-as-bitcoin-faces-a-key-liquidity-test-this-week%2F">Source</a></p></li><li><p>Will Mercado Bitcoin disclose the breach&#8217;s financial extent and whether corporate reserves were affected? Its statement that customers suffered no losses leaves those questions unanswered. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ftether-freezes-4-5-million-as-mercado-bitcoin-hacker-holds-46-million-in-crypto%2F">Source</a></p></li></ul><h2>Elsewhere in Crypto</h2><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ftreasury-holds-1-trillion-as-bitcoin-faces-a-key-liquidity-test-this-week%2F">Treasury holds $1 trillion as Bitcoin faces a key liquidity test this week</a>. The $166 billion cash-balance comparison uses an August assumption; actual reserve relief and stronger Bitcoin demand remain unconfirmed.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fvitalik-is-making-private-ethereum-payments-without-a-crypto-website%2F">Vitalik is making private Ethereum payments without a crypto website</a>. The unaudited wallet lets users retain code revisions while leaving dependency, signing and network privacy risks to assess.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fstrategys-deployable-cash-falls-45-as-buybacks-outpace-bitcoin-purchases%2F">Strategy&#8217;s deployable cash falls 45% as buybacks outpace Bitcoin purchases</a>. Strategy retained $133 million in deployable cash; its separate $4.79 billion reserve is intended for dividends and debt interest.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ftom-lee-calls-ethereums-4-post-hack-fall-bullish-but-the-bybit-comparison-has-a-catch%2F">Tom Lee calls Ethereum&#8217;s 4% post-hack fall bullish</a>. Lee compares unequal post-hack periods; BitMine&#8217;s quoted Ether prices fell roughly 17% between October 4 and November 1.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbnbs-99-million-etf-inflows-came-almost-entirely-before-binances-hack%2F">BNB&#8217;s $99 million ETF inflows came almost entirely before Binance&#8217;s hack</a>. Almost all October inflows preceded the breach, so the monthly total does not establish post-hack demand.</p>]]></content:encoded></item><item><title><![CDATA[Tracked Binance wallets record $2.5 billion in outflows as withdrawals reopen after hack]]></title><description><![CDATA[New withdrawal wallets complicate outflow readings as Binance reports replenishing 95% of affected assets]]></description><link>https://cryptoslate.substack.com/p/tracked-binance-wallets-record-25</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/tracked-binance-wallets-record-25</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Mon, 02 Nov 2026 17:00:23 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%219CnN%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fb310280d-25c3-46bf-9731-1cd6b361f6c8_1280x630.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Binance&#8217;s phased withdrawal reopening restores customer access after the breach, while leaving questions about asset backing and wallet movements. Its use of newly generated withdrawal wallets means tracked outflows cannot establish how much customers moved elsewhere.</p><p>Threshold says tBTC remains fully backed, but suspended Bitcoin redemptions leave holders dependent on secondary markets for an exit into Bitcoin. Separately, Cursor warns that malicious marketplace packages may leave persistent access on affected developers&#8217; machines even after the extensions are removed.</p><h2>Top News</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ftracked-binance-wallets-record-2-5-billion-in-outflows-as-withdrawals-reopen-after-hack%2F">Tracked Binance wallets record $2.5 billion in outflows as withdrawals reopen after hack</a></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ftracked-binance-wallets-record-2-5-billion-in-outflows-as-withdrawals-reopen-after-hack%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!9CnN!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb310280d-25c3-46bf-9731-1cd6b361f6c8_1280x630.jpeg 424w, https://substackcdn.com/image/fetch/$s_!9CnN!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb310280d-25c3-46bf-9731-1cd6b361f6c8_1280x630.jpeg 848w, https://substackcdn.com/image/fetch/$s_!9CnN!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb310280d-25c3-46bf-9731-1cd6b361f6c8_1280x630.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!9CnN!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb310280d-25c3-46bf-9731-1cd6b361f6c8_1280x630.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%219CnN%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fb310280d-25c3-46bf-9731-1cd6b361f6c8_1280x630.jpeg" width="1280" height="630" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/b310280d-25c3-46bf-9731-1cd6b361f6c8_1280x630.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:630,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:575406,&quot;alt&quot;:&quot;Punk collage of a repaired Binance junction box with orange cables flowing outward beside a $2.51 billion net outflows clipping.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/tracked-binance-wallets-record-2-5-billion-in-outflows-as-withdrawals-reopen-after-hack/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/223181224?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb310280d-25c3-46bf-9731-1cd6b361f6c8_1280x630.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Punk collage of a repaired Binance junction box with orange cables flowing outward beside a $2.51 billion net outflows clipping." title="Punk collage of a repaired Binance junction box with orange cables flowing outward beside a $2.51 billion net outflows clipping." srcset="https://substackcdn.com/image/fetch/$s_!9CnN!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb310280d-25c3-46bf-9731-1cd6b361f6c8_1280x630.jpeg 424w, https://substackcdn.com/image/fetch/$s_!9CnN!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb310280d-25c3-46bf-9731-1cd6b361f6c8_1280x630.jpeg 848w, https://substackcdn.com/image/fetch/$s_!9CnN!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb310280d-25c3-46bf-9731-1cd6b361f6c8_1280x630.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!9CnN!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb310280d-25c3-46bf-9731-1cd6b361f6c8_1280x630.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Image by CryptoSlate</figcaption></figure></div><p>On November 1, DeFiLlama recorded $2.51 billion in net outflows from tracked Binance wallets as the exchange said it was restoring withdrawals across 15 networks after the $6.3 billion breach. Binance said it had replenished about 95% of affected assets through corporate resources and market purchases, with primarily less-liquid tokens remaining unreplenished. Replacing those assets does not establish recovery of the stolen funds; the wallet transitions also leave the scale of customer departures uncertain.</p><div class="poll-embed" data-attrs="{&quot;id&quot;:1667129}" data-component-name="PollToDOM"></div><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-redemption-freeze-puts-136-million-aave-market-under-scrutiny%2F">Bitcoin redemption freeze puts $136 million Aave market under scrutiny</a></h3><p>Aave&#8217;s October 31 freeze blocked new tBTC deposits and increases in borrowing power on Ethereum Core. Eligible withdrawals return tBTC; Threshold&#8217;s Bitcoin redemptions remain suspended. Repayments and liquidations continue under existing risk parameters.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcursor-urges-credential-resets-after-malicious-claude-code-marketplace-update%2F">Cursor urges credential resets after malicious Claude Code marketplace update</a></h3><p>Cursor urges users of malicious Anthropic.claude-code versions 2.1.312 and 2.1.313 to clean affected hosts and rotate accessible credentials from a trusted system. Neither advisory establishes cryptocurrency theft or crypto-specific targeting; Anthropic did not develop the malicious versions.</p><h2>What We&#8217;re Watching</h2><ul><li><p>What will Binance&#8217;s promised investigation report and updated proof-of-reserves disclosures establish about the breach and asset backing, particularly the less-liquid tokens it said remained unreplenished? <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ftracked-binance-wallets-record-2-5-billion-in-outflows-as-withdrawals-reopen-after-hack%2F">Source</a></p></li><li><p>What will Threshold disclose about remediation and reopening? Its October 31 update gave no restart date; LlamaRisk is monitoring collateral positions and secondary-market liquidity before recommending that Aave restore normal operations. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-redemption-freeze-puts-136-million-aave-market-under-scrutiny%2F">Source</a></p></li><li><p>Will Intersect submit the budget concept on its tentative November 10 date, and how will later domain plans address steward conflicts and independent applicants&#8217; funding? <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcardanos-2027-budget-proposal-would-let-funding-stewards-seek-grants-too%2F">Source</a></p></li></ul><h2>Elsewhere in Crypto</h2><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fonekey-founder-warns-blackrocks-bitcoin-etf-could-be-a-north-korean-target%2F">OneKey founder warns BlackRock&#8217;s Bitcoin ETF could be a North Korean target</a>. Shared commercial crime insurance and contractual liability limits could constrain recovery after a hypothetical theft; no IBIT compromise is established.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcrypto-scammers-used-secs-website-to-lure-investors-into-alleged-130-million-fraud%2F">Crypto scammers used SEC&#8217;s website to lure investors into alleged $130 million fraud</a>. Public filings conferred no SEC approval; injunctions, penalties and repayment remain remedies sought in its civil lawsuit.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fjapans-central-bank-will-sell-etfs-2-6-times-faster-and-could-still-take-43-years-to-exit%2F">Japan&#8217;s central bank will sell ETFs 2.6 times faster and could still take 43 years to exit</a>. Faster ETF sales begin in January 2027; the 43-year disposal calculation assumes a constant pace rather than forecasting completion.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Frlusd-supply-fell-29-on-xrpl-one-xrp-trading-pool-barely-changed%2F">RLUSD supply fell 29% on XRPL. One XRP trading pool barely changed</a>. Sampled pool reserves changed little despite the reported supply drop; the data cannot establish wider execution quality.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcardanos-2027-budget-proposal-would-let-funding-stewards-seek-grants-too%2F">Cardano&#8217;s 2027 budget proposal would let funding stewards seek grants too</a>. Common conflict procedures and Open Contributions funding remain unspecified; DReps would retain approval of every treasury withdrawal.</p>]]></content:encoded></item><item><title><![CDATA[FBI blames North Korea for $6 billion Binance hack, urges THORChain to block stolen funds]]></title><description><![CDATA[The blocking appeal extends to RPC operators, DeFi platforms and instant exchanges]]></description><link>https://cryptoslate.substack.com/p/fbi-blames-north-korea-for-6-billion</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/fbi-blames-north-korea-for-6-billion</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Sun, 01 Nov 2026 17:34:08 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21tzOO%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F6d7275a4-8d4e-420d-a921-23ab2fb9ea1d_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>The FBI&#8217;s response to the Binance theft reaches beyond the breached exchange to services that can move stolen assets. Its blocking appeal confronts THORChain&#8217;s earlier position that its permissionless architecture prevented selective transaction blocking.</p><p>Bitcoin&#8217;s post-breach recovery also faces a demand question after US spot ETFs recorded $643 million in net outflows on October 30. Separately, Chainalysis disclosed exposed customer identity records and warned users about unexpected authentication prompts, while its investigation into the scope continues.</p><h2>Top News</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ffbi-blames-north-korea-for-6-billion-binance-hack-urges-thorchain-to-block-stolen-funds%2F">FBI blames North Korea for $6 billion Binance hack, urges THORChain to block stolen funds</a></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ffbi-blames-north-korea-for-6-billion-binance-hack-urges-thorchain-to-block-stolen-funds%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!tzOO!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d7275a4-8d4e-420d-a921-23ab2fb9ea1d_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!tzOO!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d7275a4-8d4e-420d-a921-23ab2fb9ea1d_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!tzOO!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d7275a4-8d4e-420d-a921-23ab2fb9ea1d_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!tzOO!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d7275a4-8d4e-420d-a921-23ab2fb9ea1d_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21tzOO%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F6d7275a4-8d4e-420d-a921-23ab2fb9ea1d_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/6d7275a4-8d4e-420d-a921-23ab2fb9ea1d_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:572638,&quot;alt&quot;:&quot;Editorial collage of a magnifying glass tracing funds from a breached Binance vault toward THORChain, with FBI and North Korean flag clippings.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/fbi-blames-north-korea-for-6-billion-binance-hack-urges-thorchain-to-block-stolen-funds/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/223041745?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d7275a4-8d4e-420d-a921-23ab2fb9ea1d_1280x720.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Editorial collage of a magnifying glass tracing funds from a breached Binance vault toward THORChain, with FBI and North Korean flag clippings." title="Editorial collage of a magnifying glass tracing funds from a breached Binance vault toward THORChain, with FBI and North Korean flag clippings." srcset="https://substackcdn.com/image/fetch/$s_!tzOO!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d7275a4-8d4e-420d-a921-23ab2fb9ea1d_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!tzOO!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d7275a4-8d4e-420d-a921-23ab2fb9ea1d_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!tzOO!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d7275a4-8d4e-420d-a921-23ab2fb9ea1d_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!tzOO!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d7275a4-8d4e-420d-a921-23ab2fb9ea1d_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Image by CryptoSlate</figcaption></figure></div><p>In its October 31 alert, the FBI attributed the October 29 theft of more than $6 billion to TraderTraitor and urged THORNode operators, RPC operators and other services to block transactions involving hundreds of listed addresses. Chainalysis separately traced about $500,000 through a Tron lending route using receipt tokens to move around stablecoin freezes. THORChain&#8217;s temporary swap pause followed an unrelated technical failure and affected users indiscriminately.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoins-recovery-faces-rising-derivatives-exposure-and-643-million-in-etf-outflows%2F">Bitcoin&#8217;s recovery faces rising derivatives exposure and $643 million in ETF outflows</a></h3><p>Coinalyze&#8217;s October 31 capture showed $28 billion in selected Bitcoin derivatives exposure, up 3% in dollar terms. Valuation changes can affect that measure, so it cannot establish how much leverage traders carry.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fchainalysis-breach-customer-names-emails-roles%2F">Chainalysis breach exposed customer names, emails and company roles</a></h3><p>Chainalysis listed names, emails, user IDs and organization roles among exposed data, without establishing every field was accessed for every user. It had found no indication of access to investigation content; organization-specific breakdowns remain pending.</p><h2>What We&#8217;re Watching</h2><ul><li><p>How will THORNode operators and other services respond to the FBI&#8217;s listed addresses, given THORChain&#8217;s earlier opposition to selectively blocking stolen funds? <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ffbi-blames-north-korea-for-6-billion-binance-hack-urges-thorchain-to-block-stolen-funds%2F">Source</a></p></li><li><p>What will Chainalysis&#8217;s promised customer-specific breakdowns establish about each organization&#8217;s exposure? Its disclosure gave no affected-record total and left the investigation&#8217;s findings provisional. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fchainalysis-breach-customer-names-emails-roles%2F">Source</a></p></li><li><p>Will the November 6 Employment Situation release at 8:30 a.m. Eastern time shift rate expectations, and what will subsequent ETF flows show about Bitcoin demand? <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoins-recovery-faces-rising-derivatives-exposure-and-643-million-in-etf-outflows%2F">Source</a></p></li></ul><h2>Elsewhere in Crypto</h2><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fsaylor-calls-new-bitcoin-bull-market-but-strategys-own-numbers-reveal-a-costly-problem%2F">Saylor calls new Bitcoin bull market, but Strategy&#8217;s own numbers reveal a costly problem</a>. Bitcoin per assumed diluted share fell year to date, while preferred dividends added recurring cash obligations.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fjupiter-lend-usdc-withdrawal-liquidity-rebounds%2F">Jupiter Lend&#8217;s withdrawal liquidity rebounds from near zero to 29 million USDC</a>. At October 31&#8217;s 09:25:56 UTC reading, withdrawal capacity was about 29 million USDC, roughly 6.6% of assets.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbanks-are-owed-349b-by-private-credit-funds-that-may-not-be-collecting-cash-from-borrowers%2F">Banks are owed $349B by private credit funds that may not be collecting cash from borrowers</a>. Fed data put bank borrowing at $349 billion at year-end 2025; some underlying borrowers pay interest with additional debt.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fsolanas-reward-records-leave-stakers-with-a-gap-in-validator-fee-data%2F">Solana&#8217;s reward records leave stakers with a gap in validator fee data</a>. Missing commission metadata makes fee verification depend on historical rates; P2P.org says reward amounts still reconcile.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fai-wants-bitcoin-miners-power-but-the-contracts-reveal-who-really-gets-paid%2F">AI wants Bitcoin miners&#8217; power, but the contracts reveal who really gets paid</a>. Customer rent credits reduce early cash payments as Core Scientific finances construction and carries completion obligations.</p>]]></content:encoded></item><item><title><![CDATA[Binance gives 48-hour withdrawal target while Bitcoin deposits remain open]]></title><description><![CDATA[Binance&#8217;s reported restoration target does not establish when customers can move crypto out]]></description><link>https://cryptoslate.substack.com/p/binance-gives-48-hour-withdrawal</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/binance-gives-48-hour-withdrawal</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Sat, 31 Oct 2026 18:27:16 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21TTpK%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Ffdd42302-b561-4668-b254-d4e54cf25dba_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Binance&#8217;s Oct. 30 update described an exchange accepting deposits while crypto withdrawals remained suspended. Holders could face changing prices without an outgoing transfer route, and trading access alone would not move their assets into a personal wallet. The reported 48-hour restoration target supplied no precise, verified reopening time.</p><p>At Aave, access also depends on collateral rules and available liquidity, even where market restrictions are lifted. Coinbase reported growth in services revenue and USDC balances alongside falling stablecoin revenue; investment gains accounted for much of its quarterly profit.</p><h2>Top News</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbinance-gives-48-hour-withdrawal-target-while-bitcoin-deposits-remain-open%2F">Binance gives 48-hour withdrawal target while Bitcoin deposits remain open</a></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbinance-gives-48-hour-withdrawal-target-while-bitcoin-deposits-remain-open%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!TTpK!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdd42302-b561-4668-b254-d4e54cf25dba_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!TTpK!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdd42302-b561-4668-b254-d4e54cf25dba_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!TTpK!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdd42302-b561-4668-b254-d4e54cf25dba_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!TTpK!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdd42302-b561-4668-b254-d4e54cf25dba_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21TTpK%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Ffdd42302-b561-4668-b254-d4e54cf25dba_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/fdd42302-b561-4668-b254-d4e54cf25dba_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:522178,&quot;alt&quot;:&quot;A Binance smartphone shows deposits enabled and withdrawals disabled beside a chained exit in a red and green editorial collage.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/binance-gives-48-hour-withdrawal-target-while-bitcoin-deposits-remain-open/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/222947267?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdd42302-b561-4668-b254-d4e54cf25dba_1280x720.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="A Binance smartphone shows deposits enabled and withdrawals disabled beside a chained exit in a red and green editorial collage." title="A Binance smartphone shows deposits enabled and withdrawals disabled beside a chained exit in a red and green editorial collage." srcset="https://substackcdn.com/image/fetch/$s_!TTpK!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdd42302-b561-4668-b254-d4e54cf25dba_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!TTpK!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdd42302-b561-4668-b254-d4e54cf25dba_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!TTpK!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdd42302-b561-4668-b254-d4e54cf25dba_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!TTpK!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffdd42302-b561-4668-b254-d4e54cf25dba_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Image by CryptoSlate</figcaption></figure></div><p>Binance&#8217;s Oct. 30 update estimated the incident&#8217;s impact at around $6 billion and reported roughly $3 billion in affected assets frozen on-chain, without establishing recovery or customer withdrawal liquidity. The exchange promised to cover losses through SAFU and company funds and publish updated proof of reserves after remediation. For customers seeking to exit, completed withdrawals would demonstrate transfer access, while the promised reserve disclosure concerns asset backing.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Faave-reopens-frozen-markets-but-blocks-new-collateral-loans%2F">Aave reopens frozen markets but blocks new collateral loans</a></h3><p>LlamaRisk reported lower borrowing caps and temporary rate changes, while GHO cap cuts remained queued. Reopening still depends on market permissions, collateral eligibility and unborrowed liquidity; its update does not resolve conflicting reserve-rate settings.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcoinbases-719-million-profit-reveals-a-company-caught-between-two-crypto-economies%2F">Coinbase&#8217;s $719 million profit reveals a company caught between two crypto economies</a></h3><p>Coinbase reported $719 million in Q3 net profit and roughly $715 million in crypto investment gains. Adjusted net income was $78 million, while higher USDC rewards costs accompanied lower stablecoin revenue.</p><h2>What We&#8217;re Watching</h2><ul><li><p>Will Binance specify which assets, networks and accounts regain withdrawal access? Its Oct. 30 restoration estimates do not establish simultaneous reopening across all services. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbinance-gives-48-hour-withdrawal-target-while-bitcoin-deposits-remain-open%2F">Source</a></p></li><li><p>Will LlamaRisk identify the reserve-rate settings actually deployed and execute the queued GHO cap cuts? Its update leaves conflicting figures unresolved, including exceptions to the stated 10% borrowing-rate objective. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Faave-reopens-frozen-markets-but-blocks-new-collateral-loans%2F">Source</a></p></li><li><p>XRP Insights lists 1 billion XRP as becoming releasable on Nov. 1, 2026. How much is re-escrowed, and what do subsequent transfers establish about any sales? <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fripple-is-winning-everywhere-so-why-isnt-xrp%2F">Source</a></p></li></ul><h2>Elsewhere in Crypto</h2><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fmaple-locks-280m-in-xrp-collateral-and-upcoming-maturity-dates-threaten-liquidations%2F">Maple locks $280M in XRP collateral and upcoming maturity dates threaten liquidations</a>. Three XRP-backed positions mature in December and January; renewals, authorized releases and liquidation outcomes determine how much collateral remains.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fripple-is-winning-everywhere-so-why-isnt-xrp%2F">Why Ripple&#8217;s $16 trillion payment volume isn&#8217;t boosting XRP</a>. Ripple&#8217;s reported transaction volume spans its broader business; partner announcements disclose little about XRP routing or required token inventories.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbinance-hackers-deploy-never-seen-before-laundering-tactics-to-conceal-6-3-billion-theft%2F">Binance hackers deploy never-seen-before laundering tactics to conceal $6.3 billion theft</a>. Elliptic reported $786 million in stolen stablecoins converted before freezes; Chainalysis identified rapid wallet loops suggesting automation.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fmetamask-adds-stellar-integration-but-cross-chain-bridges-require-manual-setup%2F">MetaMask adds Stellar integration, but cross-chain bridges require manual setup</a>. Bridging USDC to Stellar requires prior manual trustline activation; MetaMask warns missing trustlines can put arriving funds at risk.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Funiswap-launches-tjar-fee-tool-but-only-fast-searchers-capture-the-hidden-arbitrage-profit%2F">Uniswap launches TJAR fee tool, but only fast searchers capture the hidden arbitrage profit</a>. App operators choose fixed conversion payments; searchers can retain surplus value after execution costs, without guaranteed profits.</p>]]></content:encoded></item><item><title><![CDATA[Ethereum client security fixes leave binary users with a separate Java check]]></title><description><![CDATA[Docker fixes address bundled certificate trust; binary installations need a separate Java check.]]></description><link>https://cryptoslate.substack.com/p/ethereum-client-security-fixes-leave</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/ethereum-client-security-fixes-leave</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Thu, 29 Oct 2026 16:00:04 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%2133Vb%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F15008add-37ae-4925-913c-d4dd5035bfe8_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>An Ethereum node can rely on HTTPS services for signing, block building and startup data. The Teku and Besu fixes address the certificate trust behind those connections, with exposure varying by configuration and whether Java runs inside a container or separately.</p><p>Coinbase&#8217;s analytics-vendor disclosure concerns customer contact information, which can support targeted phishing even when funds remain secure. Polymarket faces a separate question about continued access to sports contracts, which account for almost all its recent US contract-face-value turnover amid the federal-state jurisdiction dispute.</p><h2>Top News</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fethereum-client-security-fixes-leave-binary-users-with-a-separate-java-check%2F">Ethereum client security fixes leave binary users with a separate Java check</a></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fethereum-client-security-fixes-leave-binary-users-with-a-separate-java-check%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!33Vb!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15008add-37ae-4925-913c-d4dd5035bfe8_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!33Vb!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15008add-37ae-4925-913c-d4dd5035bfe8_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!33Vb!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15008add-37ae-4925-913c-d4dd5035bfe8_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!33Vb!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15008add-37ae-4925-913c-d4dd5035bfe8_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%2133Vb%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F15008add-37ae-4925-913c-d4dd5035bfe8_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/15008add-37ae-4925-913c-d4dd5035bfe8_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:580782,&quot;alt&quot;:&quot;Editorial collage of a cracked Ethereum coffee mug, Teku and Besu containers, revoked eMudhra certificates and a Java security warning.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/ethereum-client-security-fixes-leave-binary-users-with-a-separate-java-check/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/222654456?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15008add-37ae-4925-913c-d4dd5035bfe8_1280x720.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Editorial collage of a cracked Ethereum coffee mug, Teku and Besu containers, revoked eMudhra certificates and a Java security warning." title="Editorial collage of a cracked Ethereum coffee mug, Teku and Besu containers, revoked eMudhra certificates and a Java security warning." srcset="https://substackcdn.com/image/fetch/$s_!33Vb!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15008add-37ae-4925-913c-d4dd5035bfe8_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!33Vb!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15008add-37ae-4925-913c-d4dd5035bfe8_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!33Vb!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15008add-37ae-4925-913c-d4dd5035bfe8_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!33Vb!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15008add-37ae-4925-913c-d4dd5035bfe8_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Image by CryptoSlate</figcaption></figure></div><p>Teku 26.10.3 and Besu 26.10.2 remove four certificate roots from their Docker images; updating host Java does not fix an older container. Binary installations use separately installed Java, which needs its own check and remediation if affected. Teku reports no exploitation and says default mainnet nodes without HTTPS URLs are unaffected; on an unremediated runtime, an attacker intercepting an affected HTTPS connection could impersonate a remote beacon node, redirect proposal fees or cause missed validator duties.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fpolymarket-built-a-14-billion-us-trading-business-almost-entirely-on-sports-bets%2F">Polymarket built a $14 billion US trading business almost entirely on sports bets</a></h3><p>Sports supplied 98.2% of Polymarket US&#8217;s $13.7 billion in 30-day contract-face-value turnover through October 26, according to DeFi Rate. Traders paid $3.4 billion; the federal-state dispute leaves sports-contract availability unresolved.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcoinbase-says-it-wasnt-breached-but-hackers-dont-need-to-steal-crypto-to-hurt-users%2F">Coinbase says it wasn&#8217;t breached, but hackers don&#8217;t need to steal crypto to hurt users</a></h3><p>Coinbase says an Amplitude incident exposed some customers&#8217; contact information without evidence of access to its systems. Separately, Daishin reported exposed records for 38,490 customers; Bithumb&#8217;s investigation had not established whether customer records were compromised.</p><h2>What We&#8217;re Watching</h2><ul><li><p>Will court rulings limit sports-contract availability? Utah&#8217;s case targets Kalshi, while Polymarket&#8217;s exposure depends on how courts resolve federal jurisdiction and the scope of any restrictions. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fpolymarket-built-a-14-billion-us-trading-business-almost-entirely-on-sports-bets%2F">Source</a></p></li><li><p>Will Bithumb&#8217;s investigation establish whether customer records were exposed? The reported intrusion involved its employee communications system; authorities had not confirmed exposed wallet addresses or transfer-enabling information. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcoinbase-says-it-wasnt-breached-but-hackers-dont-need-to-steal-crypto-to-hurt-users%2F">Source</a></p></li><li><p>Will Earn+ disclose its live oracle wiring, actual leverage and market-price unwind triggers? Those details remain unverified and would help establish how its managers could respond to a USDe discount. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fethena-pays-11x-leverage-loop-promises-high-yield-but-risks-hidden-losses%2F">Source</a></p></li></ul><h2>Elsewhere in Crypto</h2><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fripple-is-heading-for-its-best-year-ever-while-xrp-faces-its-worst-since-2022%2F">Ripple is heading for its best year ever while XRP faces its worst since 2022</a>. Ripple expects a record $900 million annualized product revenue run rate by year-end, alongside XRP&#8217;s reported year-to-date decline.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fethena-pays-11x-leverage-loop-promises-high-yield-but-risks-hidden-losses%2F">Ethena Pay&#8217;s 11x leverage loop promises high yield, but risks hidden losses</a>. Earn+ targets roughly 11x leverage; its disclosed USDT-linked valuation can miss a USDe discount, while live positions remain unverified.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Frobinhood-posts-record-1-4-billion-revenue-but-a-14-profit-drop-exposes-hidden-portfolio-losses%2F">Robinhood posts record $1.4 billion revenue, but a 14% profit drop exposes hidden portfolio losses</a>. Q3 event-contract revenue reached $173 million against crypto&#8217;s $120 million; $67 million in unrealized losses weighed on profit.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fgalaxys-ai-data-centers-bring-79-million-in-lease-revenue-and-a-small-net-loss%2F">Galaxy&#8217;s AI data centers bring $79 million in lease revenue and a small net loss</a>. Adjusted EBITDA of $69 million does not measure free cash flow; the data-center segment recorded a $435,000 net loss.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Feuro-area-banks-report-record-deterioration-in-retail-funding-access%2F">Euro-area banks report record deterioration in retail-funding access</a>. ECB surveys show tighter financing despite continued money and loan growth; effects on Bitcoin demand remain conditional.</p>]]></content:encoded></item><item><title><![CDATA[Ripple gets final US trust bank approval. What does XRP gain?]]></title><description><![CDATA[The charter covers RLUSD reserves and custody, without establishing proportional XRP demand.]]></description><link>https://cryptoslate.substack.com/p/ripple-gets-final-us-trust-bank-approval</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/ripple-gets-final-us-trust-bank-approval</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Wed, 28 Oct 2026 16:40:18 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21PU90%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fad383561-ce7c-44e2-99d3-86b50000f5a7_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Ripple says it has secured final approval for a national trust bank to oversee RLUSD reserves and provide fiduciary digital asset custody. Growth in assets held or transferred does not establish equivalent XRP purchases.</p><p>Lightning&#8217;s revised invoice rules address a reported exploit in which services could mistake completed withdrawals for unpaid ones. In Bitcoin markets, the October 28 Federal Reserve decision follows an October 26 ETF inflow driven entirely by BlackRock&#8217;s IBIT, with GDP and PCE data due October 29.</p><h2>Top News</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fripple-gets-final-us-trust-bank-approval-what-does-xrp-gain%2F">Ripple gets final US trust bank approval. What does XRP gain?</a></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fripple-gets-final-us-trust-bank-approval-what-does-xrp-gain%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!PU90!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fad383561-ce7c-44e2-99d3-86b50000f5a7_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!PU90!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fad383561-ce7c-44e2-99d3-86b50000f5a7_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!PU90!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fad383561-ce7c-44e2-99d3-86b50000f5a7_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!PU90!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fad383561-ce7c-44e2-99d3-86b50000f5a7_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21PU90%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fad383561-ce7c-44e2-99d3-86b50000f5a7_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/ad383561-ce7c-44e2-99d3-86b50000f5a7_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:627556,&quot;alt&quot;:&quot;Editorial collage of Ripple&#8217;s emblem, a federal banking building, financial executives, and RLUSD reserves inside a vault.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/ripple-gets-final-us-trust-bank-approval-what-does-xrp-gain/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/222514686?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fad383561-ce7c-44e2-99d3-86b50000f5a7_1280x720.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Editorial collage of Ripple&#8217;s emblem, a federal banking building, financial executives, and RLUSD reserves inside a vault." title="Editorial collage of Ripple&#8217;s emblem, a federal banking building, financial executives, and RLUSD reserves inside a vault." srcset="https://substackcdn.com/image/fetch/$s_!PU90!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fad383561-ce7c-44e2-99d3-86b50000f5a7_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!PU90!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fad383561-ce7c-44e2-99d3-86b50000f5a7_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!PU90!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fad383561-ce7c-44e2-99d3-86b50000f5a7_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!PU90!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fad383561-ce7c-44e2-99d3-86b50000f5a7_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Image by CryptoSlate</figcaption></figure></div><p>Ripple says the OCC granted final approval on October 26 for a national trust bank overseeing segregated RLUSD reserves, acting as collateral trustee and providing fiduciary digital asset custody. It will offer neither ordinary deposit accounts nor loans; RLUSD issuance stays with New York-regulated Standard Custody &amp; Trust Company, and BNY remains primary reserve custodian. Institutions can transfer RLUSD on the XRP Ledger without converting it into XRP, although network fees and account reserves require XRP.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Flightning-tightens-invoice-rules-after-reported-attack-made-bitcoin-withdrawals-look-unpaid%2F">Lightning tightens invoice rules after reported attack made Bitcoin withdrawals look unpaid</a></h3><p>BOLT11 now requires exactly one payment hash and one payment secret after a developer reported a withdrawal exploit. Available lnd releases reject duplicate hashes; broader payment-secret checks remained an open proposal as of October 27.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoins-next-rally-could-trigger-selling-from-holders-of-874000-btc%2F">Bitcoin&#8217;s next rally could trigger selling from holders of 874,000 BTC</a></h3><p>Bitfinex&#8217;s October 26 report estimates 874,000 BTC was accumulated between $81,000 and $82,500, indicating potential supply rather than confirmed sell orders. Spot Bitcoin ETFs lost roughly $663 million net across October 22, 23 and 26.</p><h2>From Our Partners</h2><p>Sponsored content.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fsun-io-completes-52nd-buyback-and-burn-total-sun-burned-surpasses-685m-as-sunswap-accelerates-ecosystem-integrations%2F">SUN.io Completes 52nd Buyback and Burn: Total SUN Burned Surpasses 685M as SunSwap Accelerates Ecosystem Integrations</a></h3><p>SUN.io says it completed its 52nd SUN buyback and burn on October 27, removing 7,232,977.17 SUN and bringing cumulative burns since December 2021 to 685,780,165.49 SUN. It says revenue from SunSwap V2, SunPump and SunX funded the buyback. The company also reports SunSwap integrations with Ave.ai, TokenPocket and Symbiosis for trading aggregation, wallet access and cross-chain liquidity.</p><h2>What We&#8217;re Watching</h2><ul><li><p>What will the October 29 GDP and PCE releases show about growth and inflation? The article&#8217;s interest-rate probabilities are an October 25 snapshot, preceding those releases. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoins-next-rally-could-trigger-selling-from-holders-of-874000-btc%2F">Source</a></p></li><li><p>Will lnd merge and release the broader payment-secret checks? The proposal remained open as of October 27; available duplicate-hash protections cover only part of the revised invoice requirements. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Flightning-tightens-invoice-rules-after-reported-attack-made-bitcoin-withdrawals-look-unpaid%2F">Source</a></p></li><li><p>When will Robinhood specify RLUSD launch eligibility and supported functions? App access is expected later in 2026, while the separate institutional XRPL settlement service has no disclosed start date. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Frobinhood-links-29-million-app-users-to-ripples-xrp-ledger%2F">Source</a></p></li></ul><h2>Elsewhere in Crypto</h2><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fopenai-claims-a-math-breakthrough-does-that-threaten-bitcoin%2F">OpenAI claims a cryptography breakthrough. Does that threaten Bitcoin?</a>. OpenAI&#8217;s SAT claim remains under independent scrutiny, with no demonstrated practical attack on Bitcoin mining or spending.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbny-offers-xrp-custody-but-only-1-rollout-type-exists%2F">BNY offers XRP custody, but only 1 rollout type exists</a>. Eligible institutions gain custody access; no funded XRP client, token balance or additional purchase was disclosed.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Firan-linked-bitcoin-activity-fell-about-80-then-rebounded-during-the-blackout%2F">Iran-linked Bitcoin activity fell about 80%, then rebounded during the blackout</a>. Chainalysis&#8217;s selected Bitcoin transaction series rebounded during Iran&#8217;s February&#8211;May 2026 blackout; dependable household access remains unmeasured.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Frobinhood-links-29-million-app-users-to-ripples-xrp-ledger%2F">Robinhood links 29 million app users to Ripple&#8217;s XRP Ledger</a>. Robinhood plans RLUSD app access later in 2026; customer eligibility and institutional settlement timing remain undisclosed.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fkraken-opens-bitcoin-and-ether-options-to-eligible-european-traders%2F">Kraken opens Bitcoin and Ethereum options to eligible European traders</a>. Eligible EEA derivatives clients can share futures collateral with options, whose sellers can lose more than posted margin.</p>]]></content:encoded></item><item><title><![CDATA[CryptoSlate is moving: open our emails to stay on the list]]></title><description><![CDATA[We&#8217;re moving to beehiiv soon and discontinuing our Substack email list.]]></description><link>https://cryptoslate.substack.com/p/cryptoslate-is-moving-open-our-emails</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/cryptoslate-is-moving-open-our-emails</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Tue, 27 Oct 2026 19:01:31 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21Gi72%21%2Cw_256%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%252Fpublic%252Fimages%252F12474a4e-83b7-4f35-a01d-7dc70f168bd5_256x256.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Hi everyone,</p><p>We&#8217;re moving CryptoSlate&#8217;s newsletter from Substack to beehiiv soon. Once the move is complete, we&#8217;ll discontinue our Substack email list and stop sending newsletters through Substack.</p><p>If you&#8217;d like to keep receiving CryptoSlate, please open our emails in the lead-up to the move, including this one. We&#8217;ll only transfer engaged subscribers to beehiiv, so opening our emails helps us know you want to stay on the list.</p><p>If you haven&#8217;t been reading lately and want to stay subscribed, please start opening our emails again. Subscribers who remain inactive won&#8217;t be moved to the new list and will stop receiving our newsletter when the Substack list is discontinued.</p><p>Thanks for reading and being part of CryptoSlate.</p><p>The CryptoSlate team</p>]]></content:encoded></item><item><title><![CDATA[Strategy makes record $205 million STRC buyback as Strive spends $511 million on Bitcoin]]></title><description><![CDATA[Strategy seeks daily dividends as Strive&#8217;s preferred-stock financing adds recurring payment obligations.]]></description><link>https://cryptoslate.substack.com/p/strategy-makes-record-205-million</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/strategy-makes-record-205-million</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Tue, 27 Oct 2026 16:31:02 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21mOOb%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F0706fbf3-4e18-428e-a75b-8494e014112a_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Strategy is spending cash to retire preferred stock while Strive issues more of it to buy Bitcoin. Buybacks reduce outstanding preferred capital and future dividend obligations. Strive&#8217;s financing adds annual payments that its prospectus expects to fund mainly through further capital raising.</p><p>Aviva&#8217;s latest XRP Ledger share class adds another institutional use of the network without establishing equivalent XRP demand. Vultisig&#8217;s disclosed signing flaw, meanwhile, could let an already-compromised device defeat shared signing when wallet software continued after a critical error.</p><h2>Top News</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fstrategy-makes-record-205-million-strc-buyback-as-strive-spends-511-million-on-bitcoin%2F">Strategy makes record $205 million STRC buyback as Strive spends $511 million on Bitcoin</a></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fstrategy-makes-record-205-million-strc-buyback-as-strive-spends-511-million-on-bitcoin%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!mOOb!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0706fbf3-4e18-428e-a75b-8494e014112a_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!mOOb!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0706fbf3-4e18-428e-a75b-8494e014112a_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!mOOb!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0706fbf3-4e18-428e-a75b-8494e014112a_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!mOOb!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0706fbf3-4e18-428e-a75b-8494e014112a_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21mOOb%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F0706fbf3-4e18-428e-a75b-8494e014112a_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/0706fbf3-4e18-428e-a75b-8494e014112a_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:638172,&quot;alt&quot;:&quot;Editorial collage of a Strategy-branded fortress with STRC documents opposite a Strive cargo ship carrying Bitcoin-marked containers.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/strategy-makes-record-205-million-strc-buyback-as-strive-spends-511-million-on-bitcoin/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/222353302?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0706fbf3-4e18-428e-a75b-8494e014112a_1280x720.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Editorial collage of a Strategy-branded fortress with STRC documents opposite a Strive cargo ship carrying Bitcoin-marked containers." title="Editorial collage of a Strategy-branded fortress with STRC documents opposite a Strive cargo ship carrying Bitcoin-marked containers." srcset="https://substackcdn.com/image/fetch/$s_!mOOb!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0706fbf3-4e18-428e-a75b-8494e014112a_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!mOOb!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0706fbf3-4e18-428e-a75b-8494e014112a_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!mOOb!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0706fbf3-4e18-428e-a75b-8494e014112a_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!mOOb!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0706fbf3-4e18-428e-a75b-8494e014112a_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Image by CryptoSlate</figcaption></figure></div><p>Strategy bought no Bitcoin during October 19&#8211;25 and spent $204.9 million retiring STRC shares, taking its buybacks above $2 billion while leaving its separate dividend and interest reserve untouched. Strive bought 6,182 BTC for $511.4 million, lifting its holdings to 43,000 BTC after an offering carrying about $105 million in annualized dividends. Its new $1 billion preferred-stock sales program provides fundraising capacity, with actual proceeds dependent on market conditions and investor demand.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fripple-connects-xrp-ledger-to-a-22-billion-investment-giant-while-chasing-the-next-wave-of-corporate-money%2F">Ripple connects XRP Ledger to a &#163;22 billion investment giant while chasing the next wave of corporate money</a></h3><p>Aviva&#8217;s &#163;50 million investment in a tokenized share class covers roughly 0.23% of its &#163;22 billion sterling fund. Holders require authorization, investor transfers are disabled, and the investment does not represent equivalent XRP purchases.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Faugust-updates-block-critical-private-key-leak-in-crypto-wallet-vultisig%2F">August updates block critical private key leak in crypto wallet Vultisig</a></h3><p>ChainSecurity disclosed how an already-compromised Vultisig signer could recover the full private key through repeated malicious messages. August mobile releases added handling to stop retries; ChainSecurity had not reviewed the fixes, and affected configurations remain incompletely documented.</p><h2>What We&#8217;re Watching</h2><ul><li><p>Will shareholders approve daily preferred dividends on October 28? If approved, Strategy schedules the first daily STRC payment for November 2, while keeping its 12% annual rate. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fstrategy-makes-record-205-million-strc-buyback-as-strive-spends-511-million-on-bitcoin%2F">Source</a></p></li><li><p>Will Canadian bank year-end and repo cash outflows strain funding on October 30? Any Bitcoin spillover still requires evidence that constrained intermediaries reduce financing available to Bitcoin markets. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoins-liquidity-test-shifts-to-treasury-dealers-two-year-high-in-bill-holdings%2F">Source</a></p></li></ul><h2>Elsewhere in Crypto</h2><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcircle-adds-bitcoin-backed-transfers-between-ethereum-and-arc%2F">Circle gives its Bitcoin-backed token one balance across Ethereum and Arc</a>. Deposit finality precedes Circle&#8217;s advertised rapid access; reclaiming funds without its API carries a seven-day delay.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2F3-payment-rules-control-aaves-native-bitcoin-market-but-only-wbtc-settles-them%2F">3 payment rules control Aave&#8217;s native Bitcoin market, but only WBTC settles them</a>. Babylon&#8217;s proposed fallback bypasses pool funding; any application fee, borrower surplus or WBTC debt still requires WBTC.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoins-liquidity-test-shifts-to-treasury-dealers-two-year-high-in-bill-holdings%2F">Treasury dealers&#8217; net bill holdings hit a two-year high as October 30 funding pressure nears</a>. Heavy bill inventories could constrain dealer financing capacity around October 30; any transmission to Bitcoin remains unproven.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fsolana-study-finds-rapid-pump-fun-buying-persisted-as-blocks-sped-up%2F">Faster Solana slots fail to stop memecoin bot snipers</a>. Outside buying barely changed over comparable intervals; samples excluded the final speed increase, and that measure cannot establish automation.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcrypto-traders-value-anthropic-at-1-9-trillion-as-investor-warns-its-ipo-could-mark-the-top-of-the-ai-bubble%2F">Crypto traders value Anthropic at $1.9 trillion as investor warns its IPO could mark the top of the AI bubble</a>. Pre-IPO platform estimates diverge; Anthropic&#8217;s offering terms remain unset, and any resulting investment flows into crypto are speculative.</p>]]></content:encoded></item><item><title><![CDATA[Hackers found a way to steal Bitcoin without private keys]]></title><description><![CDATA[The Electrum exploit required a manual fee increase; version 4.8.3 patches the flaw.]]></description><link>https://cryptoslate.substack.com/p/hackers-found-a-way-to-steal-bitcoin</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/hackers-found-a-way-to-steal-bitcoin</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Mon, 26 Oct 2026 16:16:26 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21fYo9%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F981e9b4d-2797-4dc7-9ccd-cc47dc4b3733_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>A routine attempt to speed up a Bitcoin payment became a way to authorize theft. Malicious servers could substitute payment details in older Electrum releases; users who manually raised the fee could then authorize the altered payment without attackers obtaining their private keys.</p><p>Initia&#8217;s bridge exploit also exposed a gap between holding tokens and being able to cash them out. Canada, meanwhile, proposed direct stablecoin redemptions for covered retail holders, with a fee ceiling and a reserve-market liquidity exception. Those proposed rights are not yet in force.</p><h2>Top News</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fhackers-found-a-way-to-steal-bitcoin-without-private-keys%2F">Hackers found a way to steal Bitcoin without private keys</a></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fhackers-found-a-way-to-steal-bitcoin-without-private-keys%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!fYo9!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F981e9b4d-2797-4dc7-9ccd-cc47dc4b3733_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!fYo9!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F981e9b4d-2797-4dc7-9ccd-cc47dc4b3733_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!fYo9!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F981e9b4d-2797-4dc7-9ccd-cc47dc4b3733_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!fYo9!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F981e9b4d-2797-4dc7-9ccd-cc47dc4b3733_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21fYo9%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F981e9b4d-2797-4dc7-9ccd-cc47dc4b3733_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/981e9b4d-2797-4dc7-9ccd-cc47dc4b3733_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:542218,&quot;alt&quot;:&quot;Editorial collage showing a hand increasing an Electrum wallet transaction fee as Bitcoin is redirected toward a hooded attacker and servers.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/hackers-found-a-way-to-steal-bitcoin-without-private-keys/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/222197304?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F981e9b4d-2797-4dc7-9ccd-cc47dc4b3733_1280x720.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Editorial collage showing a hand increasing an Electrum wallet transaction fee as Bitcoin is redirected toward a hooded attacker and servers." title="Editorial collage showing a hand increasing an Electrum wallet transaction fee as Bitcoin is redirected toward a hooded attacker and servers." srcset="https://substackcdn.com/image/fetch/$s_!fYo9!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F981e9b4d-2797-4dc7-9ccd-cc47dc4b3733_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!fYo9!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F981e9b4d-2797-4dc7-9ccd-cc47dc4b3733_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!fYo9!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F981e9b4d-2797-4dc7-9ccd-cc47dc4b3733_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!fYo9!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F981e9b4d-2797-4dc7-9ccd-cc47dc4b3733_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Image by CryptoSlate</figcaption></figure></div><p>The October 24 disclosure confirmed active exploitation of Electrum versions earlier than 4.8.3 and at least one loss, without disclosing the amount stolen. Attackers used addresses matching the intended recipients&#8217; final four characters and supplied substituted transactions with invalid signatures, which affected clients failed to check before displaying them in unconfirmed history. Version 4.8.3 adds checks on wallet-owned inputs before those transactions enter local history; clients connected exclusively to trusted servers are outside this attack&#8217;s scope, according to the advisory.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Finitia-hack-drove-its-usdc-bridge-reserve-down-to-63-as-withdrawals-failed%2F">Initia hack drove its USDC bridge reserve down to $63 as withdrawals failed</a></h3><p>Bitquery found Initia&#8217;s USDC bridge reserve on Noble hit $63 on October 23 as withdrawals failed. Initia attributed the exploit to a MoveVM script-caching bug; its October 24 update left restart timing and reimbursement unresolved.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcanada-proposes-direct-stablecoin-cash-outs-for-small-holders-with-a-1-fee-cap%2F">Canada proposes direct stablecoin cash-outs for small holders with a 1% fee cap</a></h3><p>Canada proposes no minimum redemption amount, a three-business-day issuer deadline and a 1% fee ceiling for covered holders. Reserve-market liquidity shortages could trigger daily limits; implementation is intended for fall 2027.</p><h2>What We&#8217;re Watching</h2><ul><li><p>Will Initia publish an audited fix and explain how bridge backing will be restored? Its October 24 update supplied no firm restart date or reimbursement terms. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Finitia-hack-drove-its-usdc-bridge-reserve-down-to-63-as-withdrawals-failed%2F">Source</a></p></li><li><p>Canada&#8217;s consultation runs for 60 days from October 24. Will final rules retain any-value redemption, and how will registration or exemptions affect individual issuers? <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcanada-proposes-direct-stablecoin-cash-outs-for-small-holders-with-a-1-fee-cap%2F">Source</a></p></li><li><p>Will the node 11.2 prerelease and a hard-fork initiation action move the Dijkstra testnet onto its new rules? The October 24 report still described Conway rules. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcardano-moves-closer-to-15x-scaling-breakthrough-as-developers-merge-key-leios-code%2F">Source</a></p></li></ul><h2>Elsewhere in Crypto</h2><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fpump-funs-biggest-winners-may-be-impossible-to-copy-as-752-million-study-exposes-hidden-trading-gap%2F">Pump.fun&#8217;s biggest winners may be impossible to copy as $752 million study exposes hidden trading gap</a>. Transferred inventory can inflate wallet-level gains without a purchase followers can mirror; actual copy-trader returns remain unmeasured.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fpaolo-ardoino-wants-ai-to-run-bitcoin-mines-who-gets-permission-to-act%2F">Paolo Ardoino wants AI to run Bitcoin mines. Who gets permission to act?</a>. Fifteen participants committed to integrations; equipment-command permissions still depend on deployed code, identity checks and site controls.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fhow-37-million-stolen-from-americans-moved-through-a-bahamas-bank-into-tethers-usdt%2F">How $37 million stolen from Americans moved through a Bahamas bank into Tether&#8217;s USDT</a>. Zhao, presumed innocent, faces US proceedings; prosecutors have not accused Tether or Deltec of knowingly participating.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Flido-opens-larger-ethereum-validators-with-a-32-eth-operator-bond%2F">Lido opens larger Ethereum validators with a 32 ETH operator bond</a>. Operators post a separate bond; larger validator allocations depend on activation, capacity approvals and available protocol inflows.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcardano-moves-closer-to-15x-scaling-breakthrough-as-developers-merge-key-leios-code%2F">Cardano moves closer to 15x scaling breakthrough as developers merge key Leios code</a>. Merged code advances integration; capacity targets still require testing, governance approvals and operator readiness.</p>]]></content:encoded></item><item><title><![CDATA[Bitcoin Core speeds up security fixes as 44% of surveyed nodes run unsupported versions]]></title><description><![CDATA[Easily rediscovered flaws can receive fixes and advisories sooner; unsupported release lines remain outside maintenance.]]></description><link>https://cryptoslate.substack.com/p/bitcoin-core-speeds-up-security-fixes</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/bitcoin-core-speeds-up-security-fixes</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Sun, 25 Oct 2026 16:36:23 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21_31A%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fc892e850-1bfe-40bd-b298-8ec58635514a_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Bitcoin Core&#8217;s revised security policy lets developers release fixes sooner for easily rediscovered vulnerabilities. Operators still have to install them, and unsupported release lines remain outside maintenance. An October 18 snapshot found 43.6% of surveyed Core peers in that group.</p><p>OKXICE&#8217;s proposed stock-token venue would give traders round-the-clock access through pools whose prices can diverge from conventional shares. Payward&#8217;s planned bank acquisition raises a separate question for Kraken customers: which legal entity holds each balance, and what protection applies when money moves between products?</p><h2>Top News</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-core-speeds-up-security-fixes-as-44-of-surveyed-nodes-run-unsupported-versions%2F">Bitcoin Core speeds up security fixes as 44% of surveyed nodes run unsupported versions</a></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-core-speeds-up-security-fixes-as-44-of-surveyed-nodes-run-unsupported-versions%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!_31A!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc892e850-1bfe-40bd-b298-8ec58635514a_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!_31A!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc892e850-1bfe-40bd-b298-8ec58635514a_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!_31A!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc892e850-1bfe-40bd-b298-8ec58635514a_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!_31A!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc892e850-1bfe-40bd-b298-8ec58635514a_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21_31A%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fc892e850-1bfe-40bd-b298-8ec58635514a_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/c892e850-1bfe-40bd-b298-8ec58635514a_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:626094,&quot;alt&quot;:&quot;Editorial collage of a Bitcoin gear under repair beside outdated server nodes, highlighting security updates and 43.6% unsupported installations.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/bitcoin-core-speeds-up-security-fixes-as-44-of-surveyed-nodes-run-unsupported-versions/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/222055470?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc892e850-1bfe-40bd-b298-8ec58635514a_1280x720.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Editorial collage of a Bitcoin gear under repair beside outdated server nodes, highlighting security updates and 43.6% unsupported installations." title="Editorial collage of a Bitcoin gear under repair beside outdated server nodes, highlighting security updates and 43.6% unsupported installations." srcset="https://substackcdn.com/image/fetch/$s_!_31A!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc892e850-1bfe-40bd-b298-8ec58635514a_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!_31A!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc892e850-1bfe-40bd-b298-8ec58635514a_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!_31A!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc892e850-1bfe-40bd-b298-8ec58635514a_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!_31A!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc892e850-1bfe-40bd-b298-8ec58635514a_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Image by CryptoSlate</figcaption></figure></div><p>Under the October 22 amendment, developers can backport fixes for flaws classified as easily discoverable to every maintained release line and publish an advisory alongside them. Core 29.x leaves support when 32.0 formally ships; the article&#8217;s October 24 check found release candidates and no announced release date. The snapshot uses self-reported versions from connected public peers, excluding Tor-only nodes and private infrastructure; an unsupported version does not establish compromise.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fnyses-owner-is-backing-24-7-stock-tokens-without-wall-streets-usual-price-rules%2F">NYSE&#8217;s owner is backing 24/7 stock tokens without Wall Street&#8217;s usual price rules</a></h3><p>OKXICE proposes 24/7 stock-token trading through automated pools outside Regulation NMS. Tokens must preserve equivalent shareholder rights, but execution prices depend on pool liquidity; 16 issuers had objected to specific offerings as of October 19.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fkraken-wants-to-be-your-bank-but-who-would-protect-your-money%2F">Kraken wants to be your bank, but who will protect your money?</a></h3><p>Payward&#8217;s Saldo deal is expected to close in 2027, subject to regulatory approval. Eligible Saldo deposits generally have Lithuanian guarantee coverage up to &#8364;100,000 per depositor at the bank; electronic money and crypto custody have different protections.</p><h2>What We&#8217;re Watching</h2><ul><li><p>When Core 32.0 formally ships, will operators move onto maintained release lines? Comparing the same monitor&#8217;s samples could distinguish upgrades from changes in which peers are observed. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-core-speeds-up-security-fixes-as-44-of-surveyed-nodes-run-unsupported-versions%2F">Source</a></p></li><li><p>Firedancer&#8217;s boosted payouts end November 20, 2026. Will its review process produce faster fixes? The terms set a 96-hour initial-contact expectation, with no deadline for validation, patching or deployment. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ffiredancer-makes-bounty-hunters-burn-1-sol-even-for-duplicate-bug-reports%2F">Source</a></p></li><li><p>The Federal Reserve meets October 27&#8211;28, 2026. What will its decision indicate about interest rates and financial conditions after Hayes cited macroeconomic uncertainty in exiting directional positions? <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Farthur-hayes-exits-crypto-trading-positions-as-analysts-track-26-million-in-sales%2F">Source</a></p></li></ul><h2>Elsewhere in Crypto</h2><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Farthur-hayes-exits-crypto-trading-positions-as-analysts-track-26-million-in-sales%2F">Arthur Hayes exits crypto trading positions as analysts track $26 million in sales</a>. Hayes describes the sales as profit-taking; his announcement does not establish that Maelstrom liquidated its long-term Bitcoin exposure.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ffiredancer-makes-bounty-hunters-burn-1-sol-even-for-duplicate-bug-reports%2F">Firedancer makes bounty hunters burn 1 SOL even for duplicate bug reports</a>. Later reports of real bugs can earn no reward; the 1 SOL burn remains non-refundable.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcircle-shareholder-sues-trump-over-uae-crypto-deals-citing-up-to-82-million-in-potential-annual-revenue%2F">Circle shareholder sues Trump over UAE crypto deals, citing up to $82 million in potential annual revenue</a>. The shareholder&#8217;s annual revenue estimate concerns conditional gross reserve income; neither Circle&#8217;s net loss nor wrongdoing is established.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fkraken-drops-monero-spending-questions-but-keeps-a-1500-rolling-30-day-withdrawal-cap-for-individuals%2F">Kraken drops Monero spending questions but keeps a $1,500 rolling 30-day withdrawal cap for individuals</a>. The questionnaire reversal leaves individuals limited to $1,500 in XMR withdrawals per rolling 30 days.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcircles-new-usdc-auctions-let-institutions-collect-the-fees-others-pay-to-cash-out%2F">Circle&#8217;s new USDC auctions let institutions collect the fees others pay to cash out</a>. Only matched institutional minting orders earn rebates; dollar redemption payouts remain subject to US banking hours.</p>]]></content:encoded></item><item><title><![CDATA[New OCC stablecoin rule resets redemptions, and banks face big shifts]]></title><description><![CDATA[For OCC-covered issuers, the redemption deadline ends at payment initiation; bank availability remains a separate step.]]></description><link>https://cryptoslate.substack.com/p/new-occ-stablecoin-rule-resets-redemptions</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/new-occ-stablecoin-rule-resets-redemptions</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Sat, 24 Oct 2026 16:23:39 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21lBr6%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F7d556aef-fcc4-482f-8943-aa4fc9effd1a_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>The OCC&#8217;s final stablecoin rule will require covered issuers to accept direct redemptions from retail holders, including customers who previously relied on intermediaries. That access comes with onboarding and legal checks, so the payment deadline will not measure the full journey from holding a token to spendable bank funds.</p><p>UK regulators are also drawing boundaries around crypto services, proposing licensing requirements for apps that make transaction-routing decisions. A nearer deadline falls on GYEN holders at Coinbase: transfers stop October 26, before the exchange converts remaining balances into USDC at market rates.</p><h2>Top News</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fnew-occ-stablecoin-rule-resets-redemptions-and-banks-face-big-shifts%2F">New OCC stablecoin rule resets redemptions, and banks face big shifts</a></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fnew-occ-stablecoin-rule-resets-redemptions-and-banks-face-big-shifts%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!lBr6!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d556aef-fcc4-482f-8943-aa4fc9effd1a_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!lBr6!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d556aef-fcc4-482f-8943-aa4fc9effd1a_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!lBr6!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d556aef-fcc4-482f-8943-aa4fc9effd1a_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!lBr6!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d556aef-fcc4-482f-8943-aa4fc9effd1a_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21lBr6%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F7d556aef-fcc4-482f-8943-aa4fc9effd1a_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/7d556aef-fcc4-482f-8943-aa4fc9effd1a_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:609024,&quot;alt&quot;:&quot;A suited regulator holds a crossed-out seven-day notice as a woman carries a dollar token across a rocky gap toward a bank.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/new-occ-stablecoin-rule-resets-redemptions-and-banks-face-big-shifts/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/221920323?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d556aef-fcc4-482f-8943-aa4fc9effd1a_1280x720.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="A suited regulator holds a crossed-out seven-day notice as a woman carries a dollar token across a rocky gap toward a bank." title="A suited regulator holds a crossed-out seven-day notice as a woman carries a dollar token across a rocky gap toward a bank." srcset="https://substackcdn.com/image/fetch/$s_!lBr6!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d556aef-fcc4-482f-8943-aa4fc9effd1a_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!lBr6!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d556aef-fcc4-482f-8943-aa4fc9effd1a_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!lBr6!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d556aef-fcc4-482f-8943-aa4fc9effd1a_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!lBr6!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d556aef-fcc4-482f-8943-aa4fc9effd1a_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Image by CryptoSlate</figcaption></figure></div><p>Effective January 18, 2027, the rule ordinarily requires covered issuers to fully process and initiate payment within two business days of a qualifying request, or credit an account with the issuer at the customer&#8217;s request. The OCC removed the proposed automatic seven-calendar-day extension; requests exceeding 10% of a brand&#8217;s outstanding issuance value in 24 hours instead require supervisory notification within 24 hours. An issuer can request more time, but the OCC decides whether to grant it.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fuks-fca-says-crypto-apps-may-need-licenses-when-algorithms-choose-trade-routes%2F">UK&#8217;s FCA says crypto apps may need licenses when algorithms choose trade routes</a></h3><p>FCA draft guidance could require authorization for DeFi aggregators whose algorithms judge execution options. Objective routing may qualify for an exemption, subject to other conditions; existing businesses seeking transitional protections must apply by February 28, 2027.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-etf-outflows-holdings-cost-basis%2F">Bitcoin ETFs shed $635 million as BTC tests their holdings&#8217; estimated $81,500 cost basis</a></h3><p>US spot Bitcoin ETFs lost about $635 million on October 22, reversing nearly 60% of the preceding three sessions&#8217; inflows. Glassnode estimated the holdings&#8217; average acquisition cost at $81,500 using data through October 19.</p><h2>From Our Partners</h2><p>Sponsored content.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fjst-buyback-burn-upgrade-gasfree-revenue-and-20-34m-surplus-injected-as-justs-ecosystem-trio-solidifies-jst-token-value%2F">JST Buyback &amp; Burn Upgrade: GasFree Revenue and $20.34M Surplus Injected as JUST&#8217;s Ecosystem Trio Solidifies JST Token Value</a></h3><p>JUST says its upgraded JST buyback program adds GasFree revenue alongside JustLend revenue and USDD protocol revenue above a $10 million threshold. It plans to deploy $20.34 million in accumulated GasFree earnings and surplus treasury funds across four buyback rounds starting in Q4 2026, while maintaining a $50 million reserve floor. The plan calls for JUST DAO to conduct continuous open-market buybacks and periodic burns, with transactions verifiable on-chain.</p><h2>What We&#8217;re Watching</h2><ul><li><p>GMO Trust&#8217;s initial redemption window closes November 11. Will eligible remaining GYEN holdings receive USDC distributions by year-end, using the exchange rate fixed November 12? <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcoinbase-to-drop-this-japanese-yen-stablecoin-years-after-its-price-crash-sparked-investor-lawsuits%2F">Source</a></p></li><li><p>The FCA seeks feedback by November 18. Will final guidance arrive before the February 28, 2027 application deadline? Its website targets January 2027; the consultation paper says spring. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fuks-fca-says-crypto-apps-may-need-licenses-when-algorithms-choose-trade-routes%2F">Source</a></p></li><li><p>Will Evernorth disclose cash warrant receipts, additional XRP purchases and a reconciled economic share count? Those figures are needed to establish whether financing improves XRP per share. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fevernorths-132-million-funding-option-could-buy-more-xrp-while-reducing-xrp-per-share%2F">Source</a></p></li></ul><h2>Elsewhere in Crypto</h2><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Faave-changes-usdt-borrowing-rules-and-loan-costs-suddenly-jump%2F">Aave changes USDT borrowing rules and loan costs suddenly jump</a>. At hypothetical 94% utilization, the revised curve charges 7% borrowing APR versus 4.5% previously, without adding pool cash.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fevernorths-132-million-funding-option-could-buy-more-xrp-while-reducing-xrp-per-share%2F">Evernorth&#8217;s $132 million funding option could buy more XRP while reducing XRP per share</a>. Cash warrant exercises could reduce XRP per economic claim unless token holdings grow faster than the ownership base.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fspacex-perpetual-futures-traded-about-6-billion-after-earnings%2F">SpaceX perpetual futures traded about $6 billion after earnings</a>. Talos&#8217;s combined-venue turnover does not establish retained fees or HYPE purchases; Binance open interest fell about 8%.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ftethers-own-ai-study-shows-when-buying-a-laptop-costs-more-than-cloud-tokens%2F">Tether&#8217;s own AI study shows when buying a laptop costs more than cloud tokens</a>. QVAC&#8217;s illustrative dense-model comparison puts laptop break-even beyond estimated working-month capacity at the checked Singapore cloud rates.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcoinbase-to-drop-this-japanese-yen-stablecoin-years-after-its-price-crash-sparked-investor-lawsuits%2F">Coinbase to drop this Japanese yen stablecoin years after its price crash sparked investor lawsuits</a>. The initial direct-redemption window closes November 11, offering one yen per GYEN subject to account and banking requirements.</p>]]></content:encoded></item><item><title><![CDATA[Ethereum’s long-awaited Glamsterdam upgrade hits another roadblock as 13 security risks emerge]]></title><description><![CDATA[Hoodi activation is postponed while developers investigate how proposed gas changes affect existing contracts.]]></description><link>https://cryptoslate.substack.com/p/ethereums-long-awaited-glamsterdam</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/ethereums-long-awaited-glamsterdam</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Fri, 23 Oct 2026 15:41:30 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21MGv6%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F39408b11-de82-48d5-87b7-7021d3630610_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Ethereum&#8217;s next capacity upgrade has hit a compatibility problem before reaching mainnet. Developers postponed the Hoodi activation after security researchers identified ways proposed gas changes could disrupt existing contracts, putting the unconfirmed December rollout target under pressure.</p><p>Railway is urging every customer to replace stored credentials after a possible exposure, while XRPL has restored normal ledger closing times through a configuration change and is still testing a software correction. Its separate security amendment faces a restarted validator countdown.</p><h2>Top News</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fethereums-long-awaited-glamsterdam-upgrade-hits-another-roadblock-as-13-security-risks-emerge%2F">Ethereum&#8217;s long-awaited Glamsterdam upgrade hits another roadblock as 13 security risks emerge</a></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fethereums-long-awaited-glamsterdam-upgrade-hits-another-roadblock-as-13-security-risks-emerge%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!MGv6!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39408b11-de82-48d5-87b7-7021d3630610_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!MGv6!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39408b11-de82-48d5-87b7-7021d3630610_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!MGv6!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39408b11-de82-48d5-87b7-7021d3630610_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!MGv6!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39408b11-de82-48d5-87b7-7021d3630610_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21MGv6%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F39408b11-de82-48d5-87b7-7021d3630610_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/39408b11-de82-48d5-87b7-7021d3630610_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:611269,&quot;alt&quot;:&quot;Three developers study technical plans beside a blocked bridge, scaffolded Ethereum symbol, security warnings and October 2026 calendar.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/ethereums-long-awaited-glamsterdam-upgrade-hits-another-roadblock-as-13-security-risks-emerge/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/221789484?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39408b11-de82-48d5-87b7-7021d3630610_1280x720.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Three developers study technical plans beside a blocked bridge, scaffolded Ethereum symbol, security warnings and October 2026 calendar." title="Three developers study technical plans beside a blocked bridge, scaffolded Ethereum symbol, security warnings and October 2026 calendar." srcset="https://substackcdn.com/image/fetch/$s_!MGv6!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39408b11-de82-48d5-87b7-7021d3630610_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!MGv6!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39408b11-de82-48d5-87b7-7021d3630610_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!MGv6!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39408b11-de82-48d5-87b7-7021d3630610_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!MGv6!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F39408b11-de82-48d5-87b7-7021d3630610_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Image by CryptoSlate</figcaption></figure></div><p>The canceled October 26 Hoodi activation also suspends the planned testnet gas-limit increase to 200 million, while ChainSecurity says it found 13 real-world examples of contracts affected by the proposed accounting changes. Attackers could trigger insufficient-gas failures that affected applications record as permanently unsuccessful, preventing retries of otherwise valid operations. The Ethereum Foundation is investigating the scope; no mainnet date was finalized, and the reported risks concern the proposed upgrade&#8217;s interaction with existing contracts.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Frailway-credential-resets-crypto-theft-allegation%2F">Railway urges credential resets as investigator alleges $371,000 crypto theft</a></h3><p>Railway invalidated all platform API tokens on October 22. Investigator @tayvano_ separately alleges roughly $371,000 in crypto theft involving keys stored there; Railway has confirmed neither the theft nor its connection to the incident.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fxrpl-recovers-from-network-slowdown-as-critical-security-upgrade-faces-two-week-delay%2F">XRPL recovers from network slowdown as critical security upgrade faces two-week delay</a></h3><p>The fixCleanup3_4_0 amendment&#8217;s validator countdown restarted after support slipped on October 21. It addresses token permissions and other financial safeguards, is unrelated to the slowdown, and could activate November 4 at the earliest.</p><h2>From Our Partners</h2><p>Sponsored content.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fwhat-is-an-agentic-activities-launchpad-inside-ax1-console-2-0%2F">What Is an Agentic Activities Launchpad? Inside AX1 Console 2.0</a></h3><p>AX1 says Console 2.0 automatically creates AI agents to complete paid tasks on Base. Its first task, Verdict, scans a selected token&#8217;s onchain activity and trading metrics and returns a shareable card, which AX1 describes as entertainment. The company says runs cost $0.02 each in USDC and settle through x402, with starter credit covering the first few runs.</p><h2>What We&#8217;re Watching</h2><ul><li><p>The Foundation is investigating compatibility with deployed contracts. What will its findings mean for a revised Hoodi activation and the still-unconfirmed mainnet schedule? <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fethereums-long-awaited-glamsterdam-upgrade-hits-another-roadblock-as-13-security-risks-emerge%2F">Source</a></p></li><li><p>Can fixCleanup3_4_0 retain validator support above 80% for 14 uninterrupted days? November 4 is the reported earliest activation; another loss of support would restart the countdown. <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fxrpl-recovers-from-network-slowdown-as-critical-security-upgrade-faces-two-week-delay%2F">Source</a></p></li><li><p>Railway says it will email customers as affected accounts are confirmed. Will those notifications and its investigation clarify the exposure&#8217;s scope and whether the alleged crypto theft is connected? <a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Frailway-credential-resets-crypto-theft-allegation%2F">Source</a></p></li></ul><h2>Elsewhere in Crypto</h2><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fsolana-bot-turns-just-12000-into-1-4-billion-in-trading-volume-as-fake-liquidity-floods-raydium%2F">Solana bot turns just $12,000 into $1.4 billion in trading volume as fake liquidity floods Raydium</a>. Bitquery attributed 22.7% of September 21&#8211;October 20 Raydium CLMM turnover to one suspected wash-trading wallet, without establishing investor losses.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Frobinhood-generates-51-million-in-blockchain-fees-while-ethereum-settlement-costs-total-just-69000%2F">Robinhood generates $51 million in blockchain fees while Ethereum settlement costs total just $69,000</a>. Bitwise estimates Robinhood retained $45.93 million before expenses; growthepie attributes 74% of quarterly network fees to a 12-day surge.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-etfs-sold-through-7-of-8-crashes-even-as-wall-street-makes-btc-selloffs-less-violent%2F">Bitcoin ETFs sold through 7 of 8 crashes even as Wall Street makes BTC selloffs less violent</a>. DWF Labs found ETF flows largely followed price trends; its findings do not establish that ETFs caused lower volatility.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-core-32s-wallet-change-can-break-co-signing-with-older-nodes%2F">Bitcoin Core 32 can stall multisig signing on older nodes as fix slips to next patch</a>. As of October 22, the proposed GUI fix remained open; mixed-version co-signers could request compatible v0 files through RPC.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fstandard-chartered-moves-to-bring-crypto-custody-in-house-as-wall-streets-digital-asset-infrastructure-race-accelerates%2F">Standard Chartered moves to bring crypto custody in-house as Wall Street&#8217;s digital asset infrastructure race accelerates</a>. Regulatory approvals remain outstanding before Zodia&#8217;s custody operations can join the bank&#8217;s Securities Services division.</p>]]></content:encoded></item><item><title><![CDATA[Crypto security chiefs sound alarm as PHP emergency patch scrambles devs worldwide]]></title><description><![CDATA[Critical PHP flaws expose web servers; patching also means checking appliances and vendor firmware.]]></description><link>https://cryptoslate.substack.com/p/crypto-security-chiefs-sound-alarm</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/crypto-security-chiefs-sound-alarm</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Thu, 22 Oct 2026 17:44:10 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21EqCm%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fb982ed64-160c-4656-9afc-23b8ca85aa5b_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Crypto businesses face an urgent patching job after PHP disclosed two critical flaws that can let unauthenticated attackers run code on web servers. Cloudflare has observed attack traffic. The immediate task extends beyond websites: routers, storage devices and other appliances may contain PHP that only their vendors can update.</p><p>Bitcoin infrastructure has a separate upgrade to make, with Eclair issuing its second security release in five days. Meanwhile, a CFTC consultation explains why paying cash for Bitcoin may still leave a trade subject to futures rules when an applicable financing offer and delivery conditions bring it within scope.</p><h2>Top News</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcrypto-security-chiefs-sound-alarm-as-php-emergency-patch-scrambles-devs-worldwide%2F">Crypto security chiefs sound alarm as PHP emergency patch scrambles devs worldwide</a></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcrypto-security-chiefs-sound-alarm-as-php-emergency-patch-scrambles-devs-worldwide%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!EqCm!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb982ed64-160c-4656-9afc-23b8ca85aa5b_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!EqCm!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb982ed64-160c-4656-9afc-23b8ca85aa5b_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!EqCm!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb982ed64-160c-4656-9afc-23b8ca85aa5b_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!EqCm!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb982ed64-160c-4656-9afc-23b8ca85aa5b_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21EqCm%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fb982ed64-160c-4656-9afc-23b8ca85aa5b_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/b982ed64-160c-4656-9afc-23b8ca85aa5b_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:660741,&quot;alt&quot;:&quot;Collage of a hooded figure, server racks, a PHP2Shell warning and Bitcoin and Ethereum coins, illustrating crypto infrastructure security risks.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/crypto-security-chiefs-sound-alarm-as-php-emergency-patch-scrambles-devs-worldwide/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/221654947?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb982ed64-160c-4656-9afc-23b8ca85aa5b_1280x720.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Collage of a hooded figure, server racks, a PHP2Shell warning and Bitcoin and Ethereum coins, illustrating crypto infrastructure security risks." title="Collage of a hooded figure, server racks, a PHP2Shell warning and Bitcoin and Ethereum coins, illustrating crypto infrastructure security risks." srcset="https://substackcdn.com/image/fetch/$s_!EqCm!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb982ed64-160c-4656-9afc-23b8ca85aa5b_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!EqCm!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb982ed64-160c-4656-9afc-23b8ca85aa5b_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!EqCm!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb982ed64-160c-4656-9afc-23b8ca85aa5b_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!EqCm!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb982ed64-160c-4656-9afc-23b8ca85aa5b_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Image by CryptoSlate.</figcaption></figure></div><p>PHP&#8217;s October 21 fixes cover versions 8.2.35, 8.3.36, 8.4.27 and 8.5.12; the project rates Apache&#8217;s mod_php as the highest-risk configuration, with an exploit demonstrated before application code runs. Kraken&#8217;s security chief urges operators to check embedded PHP and investigate signs of earlier compromise after patching. Firewall protections reduce exposure while updates are applied, but PHP says updating is the only complete solution; the warnings do not report a Kraken or Ledger breach.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-lightning-developers-sound-alarm-over-security-flaws-as-second-patch-lands-in-five-days%2F">Bitcoin Lightning developers sound alarm over security flaws as second patch lands in five days</a></h3><p>ACINQ urges Eclair operators to install version 0.14.5 because malicious peers can exploit some fixed flaws. Channels can stay open during the upgrade; the announcement reports no confirmed attacks or losses and gives no detailed exploit breakdown.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fdeclining-a-bitcoin-loan-may-not-spare-a-cash-purchase-from-futures-rules-cftc-says%2F">Declining a Bitcoin loan may not spare a cash purchase from futures rules, CFTC says</a></h3><p>The CFTC&#8217;s preliminary reading can cover a fully paid retail trade if an applicable financing offer exists and no exception removes it. Actual delivery generally requires control within 28 days; the consultation enacts no final rule.</p><h2>From Our Partners</h2><p>Paid partner content from the TRON ecosystem.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbittorrent-ushers-in-next-gen-web3-infrastructure-with-strategic-rebrand-and-inaugural-btt-burn%2F">BitTorrent Ushers in Next-Gen Web3 Infrastructure with Strategic Rebrand and Inaugural BTT Burn</a></h3><p>BitTorrent says its first BTT burn, completed October 16, used revenue from decentralized services. Its updated whitepaper brings content distribution, decentralized AI compute and cross-chain settlement into a three-part infrastructure plan.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fjust-completes-5th-jst-buyback-burn-over-170m-tokens-23-53m-burned-ahead-of-major-deflationary-upgrade%2F">JUST Completes 5th JST Buyback &amp; Burn: Over 170M Tokens (~$23.53M) Burned Ahead of Major Deflationary Upgrade</a></h3><p>JUST reports burning 170.7 million JST in its fifth round. With its initial treasury allocation now deployed, the project plans to broaden future buyback funding to include new business revenue, including GasFree.</p><h2>Elsewhere in Crypto</h2><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Firish-drug-lords-lost-bitcoin-fortune-comes-back-to-life-as-41-million-moves-to-coinbase%2F">Irish drug lord&#8217;s lost Bitcoin fortune comes back to life as $41 million moves to Coinbase</a>. Arkham links another 500 BTC transfer to Coinbase Prime, without establishing a sale or who authorized it.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ftesla-spacex-merger-talks-bitcoin%2F">Tesla&#8211;SpaceX merger talks could put 30,221 Bitcoin under one roof</a>. The companies&#8217; existing holdings could be combined; independent committees have agreed no transaction terms.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fopenai-reveals-ai-agents-disabled-safety-monitors-with-one-falsely-denying-its-actions%2F">OpenAI reveals AI agents disabled safety monitors, with one falsely denying its actions</a>. Two internal incidents weakened oversight; OpenAI says the agents&#8217; motives remain unresolved and has tightened reviews.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fxaman-xrp-yield-fees%2F">Why earning XRP yield through this wallet could actually cost you money</a>. Fixed setup and round-trip fees can outweigh small deposits&#8217; returns in Xaman&#8217;s hypothetical scenario; yields are unguaranteed.</p><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fsecs-75-million-crypto-fundraising-plan-faces-bank-backlash-and-threats-of-legal-action%2F">SEC&#8217;s $75 million crypto fundraising plan faces bank backlash and threats of legal action</a>. Comments expose disputes over exemptions; community banks&#8217; deposit-flight estimate models stablecoin growth, rather than this proposal&#8217;s direct impact.</p>]]></content:encoded></item><item><title><![CDATA[Germany’s main savings bank network launches Bitcoin trading]]></title><description><![CDATA[Customers pay an order fee plus a spread, while direct transfers to personal wallets remain excluded.]]></description><link>https://cryptoslate.substack.com/p/germanys-main-savings-bank-network</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/germanys-main-savings-bank-network</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Wed, 21 Oct 2026 20:20:57 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21pFI5%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F8f9e0776-b594-43d0-916d-97c0934351f3_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>German savings-bank customers can now buy Bitcoin inside the Sparkasse app, with DekaBank holding the keys. The rollout starts with participating banks rather than the whole network, and its transfer rules exclude personal self-custody wallets. Bank distribution is expanding, but access still depends on where customers bank and how they want to hold their coins.</p><p>Switzerland has also approved its first Swiss-law retail Bitcoin ETF, without yet naming an issuer or trading date. Meanwhile, Glassnode&#8217;s latest positioning data show traders paying more for bullish leverage even as spot selling persists.</p><h2>Top News</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fgermanys-main-savings-bank-network-launches-bitcoin-trading%2F">Germany&#8217;s main savings bank network launches Bitcoin trading</a></h3><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fgermanys-main-savings-bank-network-launches-bitcoin-trading%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!pFI5!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8f9e0776-b594-43d0-916d-97c0934351f3_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!pFI5!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8f9e0776-b594-43d0-916d-97c0934351f3_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!pFI5!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8f9e0776-b594-43d0-916d-97c0934351f3_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!pFI5!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8f9e0776-b594-43d0-916d-97c0934351f3_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21pFI5%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F8f9e0776-b594-43d0-916d-97c0934351f3_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/8f9e0776-b594-43d0-916d-97c0934351f3_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:569833,&quot;alt&quot;:&quot;Illustration of a Sparkasse train carrying Bitcoin customers beside DekaBank custody and transfer restrictions.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/germanys-main-savings-bank-network-launches-bitcoin-trading/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/221505164?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8f9e0776-b594-43d0-916d-97c0934351f3_1280x720.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Illustration of a Sparkasse train carrying Bitcoin customers beside DekaBank custody and transfer restrictions." title="Illustration of a Sparkasse train carrying Bitcoin customers beside DekaBank custody and transfer restrictions." srcset="https://substackcdn.com/image/fetch/$s_!pFI5!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8f9e0776-b594-43d0-916d-97c0934351f3_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!pFI5!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8f9e0776-b594-43d0-916d-97c0934351f3_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!pFI5!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8f9e0776-b594-43d0-916d-97c0934351f3_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!pFI5!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8f9e0776-b594-43d0-916d-97c0934351f3_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a><figcaption class="image-caption">Image by CryptoSlate.</figcaption></figure></div><p>Deka launched the service on October 19 for adult current-account holders at participating Sparkassen; five banks were listed as of October 20. Bitcoin, Ether, Solana, XRP and POL are available, with each buy or sell charged &#8364;0.99 plus a spread whose rate is absent from the pricing sheet. Deka permits outbound transfers only to specified providers, and has disclosed no customer uptake figures.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fswitzerland-approves-landmark-bitcoin-etf-after-ruling-trading-volume-sufficient%2F">Switzerland approves landmark Bitcoin ETF after ruling trading volume sufficient</a></h3><p>FINMA granted a fund-specific diversification exemption for direct Bitcoin exposure. Custody and sales safeguards still apply, while the regulator&#8217;s announcement leaves the issuer, fees and trading start date unspecified.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoins-next-selloff-could-be-amplified-by-the-traders-still-betting-on-its-recovery%2F">Bitcoin&#8217;s next selloff could be amplified by the traders still betting on its recovery</a></h3><p>Glassnode&#8217;s October 19 report put futures open interest at $36.4 billion as long-side funding payments rose 49.4% over the week. The combination leaves leveraged buyers vulnerable if spot selling forces position closures.</p><h2>What We&#8217;re Watching</h2><ul><li><p>The <a href="iframe.php?url=https%3A%2F%2Fwww.federalreserve.gov%2Fmonetarypolicy%2Ffomccalendars.htm">Federal Reserve meets on October 27&#8211;28</a>. Watch whether its decision and guidance alter financing conditions for leveraged traders; the current positioning data do not establish which way Bitcoin will move.</p></li></ul><h2>Elsewhere in Crypto</h2><ul><li><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fjpmorgan-models-bitcoin-reaching-385000-in-10-year-bull-case-despite-ceo-jamie-dimons-criticism%2F">JPMorgan models Bitcoin reaching $385,000 in 10-year bull case despite CEO Jamie Dimon&#8217;s criticism</a>. The bank&#8217;s scenarios remain conditional; high projected volatility keeps Bitcoin outside its core portfolio models.</p></li><li><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbnb-chain-burns-1-2b-in-october-tokens-leaving-real-supply-impact-hidden%2F">BNB Chain burns $1.2B in October tokens, leaving real supply impact hidden</a>. The October burn removed 1.9% more tokens than July&#8217;s, without establishing fresh open-market purchases.</p></li><li><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fdrift-hacker-washes-63m-through-tornado-cash-leaving-recovery-claims-in-limbo%2F">Drift hacker washes $63M through Tornado Cash, leaving recovery claims in limbo</a>. One exploiter-linked wallet moved 25,710 ETH; users&#8217; eventual payouts still depend on funding entering Drift&#8217;s Recovery Pool.</p></li><li><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Felon-musk-and-anthropic-unveil-ai-wealth-sharing-plans-that-could-reach-over-110-billion%2F">Elon Musk and Anthropic unveil AI wealth-sharing plans that could reach over $110 billion</a>. Musk&#8217;s pledge and Anthropic&#8217;s proposal would distribute equity, with eligibility, approval and future share values still unresolved.</p></li><li><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fus-orders-deepseek-purge-from-federal-systems-as-chinese-ai-rival-opens-its-technology-to-the-world%2F">US orders DeepSeek purge from federal systems as Chinese AI rival opens its technology to the world</a>. The federal restriction extends to third-party implementations, so private hosting alone does not exempt products used by agencies.</p></li></ul>]]></content:encoded></item><item><title><![CDATA[Zcash plan would freeze legacy Sprout funds]]></title><description><![CDATA[Mainnet activation remains undecided, and recovering old wallets can take days.]]></description><link>https://cryptoslate.substack.com/p/zcash-plan-would-freeze-legacy-sprout</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/zcash-plan-would-freeze-legacy-sprout</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Mon, 19 Oct 2026 14:14:26 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21ypfH%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F0de8b163-ddf7-4609-ad4f-7685949a2900_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Zcash&#8217;s proposed retirement of its oldest privacy pool could leave holders with intact private keys and no accepted way to spend their coins. A mainnet decision is planned for October 20. Recovering an old wallet can require days of work, and moving funds out exposes the transferred amount.</p><p>At Cboe, newly approved earnings-contract rules preserve settled payouts even if company figures are later corrected. Fidelity&#8217;s California settlement adds a notice requirement for ordinary crypto transfers while leaving retirement accounts outside those obligations.</p><h2>Top News</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fzcashs-planned-sprout-freeze-would-leave-private-keys-unable-to-move-funds%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!ypfH!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0de8b163-ddf7-4609-ad4f-7685949a2900_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!ypfH!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0de8b163-ddf7-4609-ad4f-7685949a2900_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!ypfH!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0de8b163-ddf7-4609-ad4f-7685949a2900_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!ypfH!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0de8b163-ddf7-4609-ad4f-7685949a2900_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21ypfH%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F0de8b163-ddf7-4609-ad4f-7685949a2900_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/0de8b163-ddf7-4609-ad4f-7685949a2900_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:610495,&quot;alt&quot;:&quot;Zcash coins travel from an old wallet toward a barrier marked with a red X, illustrating the proposed shutdown of Sprout transfers.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/zcashs-planned-sprout-freeze-would-leave-private-keys-unable-to-move-funds/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/221151594?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0de8b163-ddf7-4609-ad4f-7685949a2900_1280x720.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Zcash coins travel from an old wallet toward a barrier marked with a red X, illustrating the proposed shutdown of Sprout transfers." title="Zcash coins travel from an old wallet toward a barrier marked with a red X, illustrating the proposed shutdown of Sprout transfers." srcset="https://substackcdn.com/image/fetch/$s_!ypfH!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0de8b163-ddf7-4609-ad4f-7685949a2900_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!ypfH!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0de8b163-ddf7-4609-ad4f-7685949a2900_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!ypfH!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0de8b163-ddf7-4609-ad4f-7685949a2900_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!ypfH!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F0de8b163-ddf7-4609-ad4f-7685949a2900_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fzcashs-planned-sprout-freeze-would-leave-private-keys-unable-to-move-funds%2F">Zcash&#8217;s planned Sprout freeze would leave private keys unable to move funds</a></h3><p>ZIP 2003 would reject the version 4 transactions required to spend Sprout funds, a pool holding about 22,309 ZEC at the October 17 observation. Those coins would remain in issued supply, but neither accepted newer transaction format offers a replacement spending route. November 5 remains a conditional NU7 target; mainnet activation has not been approved or assigned a block height, and a future recovery mechanism is not guaranteed.</p><div class="poll-embed" data-attrs="{&quot;id&quot;:1543598}" data-component-name="PollToDOM"></div><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fsec-approves-coinbase-earnings-bets-that-stay-settled-when-the-numbers-change%2F">SEC approves Coinbase earnings bets that stay settled when the numbers change</a></h3><p>Cboe&#8217;s approved rules use specified company metrics and reporting periods. Missing figures can delay processing or trigger alternative settlement, including a worthless expiry; availability of the Coinbase and MARA series remains unconfirmed.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ffidelitys-500000-crypto-settlement-leaves-iras-outside-wallet-transfer-terms%2F">Fidelity&#8217;s $500,000 crypto settlement leaves IRAs outside wallet-transfer terms</a></h3><p>Fidelity must give California retail customers reasonable written notice if it ends ordinary transfers. Security restrictions remain permitted, and the $500,000 agreement creates no customer compensation fund. Fidelity denies wrongdoing.</p><h2>What We&#8217;re Watching</h2><ul><li><p><a href="iframe.php?url=https%3A%2F%2Fzips.z.cash%2Fzip-0259">Zcash&#8217;s October 20 decision:</a> will developers assign a mainnet activation height after testnet experience? That height would establish the operational cutoff for Sprout spending under NU7.</p></li><li><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fsec-approves-coinbase-earnings-bets-that-stay-settled-when-the-numbers-change%2F">Cboe&#8217;s earnings-contract launch:</a> which Coinbase and MARA series will become available, and to whom? The approval record requires applicable clearing documents to be approved or effective before listing.</p></li></ul><h2>Elsewhere in Crypto</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fxrp-etf-inflow-streak-ends-as-bitcoin-and-ethereum-outflows-continue%2F">XRP&#8217;s 13-week ETF inflow streak ends as Bitcoin and Ethereum withdrawals continue</a></h3><p>SoSoValue data put four US crypto ETF categories&#8217; net withdrawals at $575.91 million for the week ended October 16.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fclaude-unpicks-an-nsa-mystery-behind-ethereum-passkey-security%2F">Claude unpicks an NSA mystery behind Ethereum passkey security</a></h3><p>Anthropic reconstructed P-256&#8217;s public seed, clarifying its origins without identifying a new attack or requiring user action.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ftwo-aave-stablecoin-backstops-shrank-12-4-million-as-reward-rates-rose%2F">Two Aave stablecoin backstops shrank $12.4 million as reward rates rose</a></h3><p>The tracked Ethereum V3 stakes fell between September 17 and October 17; balances alone cannot distinguish withdrawals from valuation changes.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fciphers-850-million-ai-bet-deepens-investor-scrutiny-as-bitcoin-miners-stock-plunges-52%2F">Cipher&#8217;s $850 million AI bet deepens investor scrutiny as Bitcoin miner&#8217;s stock plunges 52%</a></h3><p>An exchange for 40.7 million shares retired old debt; separate new borrowing increases financing commitments for data-center expansion.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fcrypto-doesnt-need-your-party-to-win-just-its-candidates%2F">Crypto doesn&#8217;t need your party to win, just its candidates</a></h3><p>Andjela Radmilac examines bipartisan outside spending and argues that resulting legal obligations matter more than candidate wins.</p>]]></content:encoded></item><item><title><![CDATA[Bitcoin’s $8,000 range faces a Fed test]]></title><description><![CDATA[Analysts map $80,000&#8211;$88,000 as ETF outflows test demand ahead of the US midterms.]]></description><link>https://cryptoslate.substack.com/p/bitcoins-8000-range-faces-a-fed-test</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/bitcoins-8000-range-faces-a-fed-test</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Fri, 16 Oct 2026 20:27:59 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21KnCR%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fdb01de06-7719-4857-88c5-1a66e2f921c0_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Bitcoin&#8217;s next test arrives before Americans vote. Analysts cited in CryptoSlate&#8217;s October 16 report see demand near $80,000 and selling pressure near $88,000, with the Federal Reserve&#8217;s October 28 decision threatening to unsettle that range. Recent ETF withdrawals put pressure on demand, even as forced closures have reduced excess borrowing in the market.</p><p>Crypto businesses face policy questions of their own. Australia is consulting on capital requirements that could change how platforms arrange custody, while Patrick Witt&#8217;s departure leaves stalled US crypto legislation without a key White House negotiator.</p><h2>Top News</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-faces-an-8000-trading-trap-as-us-midterms-approach%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!KnCR!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdb01de06-7719-4857-88c5-1a66e2f921c0_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!KnCR!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdb01de06-7719-4857-88c5-1a66e2f921c0_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!KnCR!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdb01de06-7719-4857-88c5-1a66e2f921c0_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!KnCR!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdb01de06-7719-4857-88c5-1a66e2f921c0_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21KnCR%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fdb01de06-7719-4857-88c5-1a66e2f921c0_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/db01de06-7719-4857-88c5-1a66e2f921c0_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Bitcoin trades between $80,000 support and $88,000 resistance amid inflation, Federal Reserve policy uncertainty, ETF outflows, and US midterms.&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:&quot;https://cryptoslate.com/bitcoin-faces-an-8000-trading-trap-as-us-midterms-approach/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Bitcoin trades between $80,000 support and $88,000 resistance amid inflation, Federal Reserve policy uncertainty, ETF outflows, and US midterms." title="Bitcoin trades between $80,000 support and $88,000 resistance amid inflation, Federal Reserve policy uncertainty, ETF outflows, and US midterms." srcset="https://substackcdn.com/image/fetch/$s_!KnCR!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdb01de06-7719-4857-88c5-1a66e2f921c0_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!KnCR!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdb01de06-7719-4857-88c5-1a66e2f921c0_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!KnCR!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdb01de06-7719-4857-88c5-1a66e2f921c0_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!KnCR!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdb01de06-7719-4857-88c5-1a66e2f921c0_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-faces-an-8000-trading-trap-as-us-midterms-approach%2F">Bitcoin faces an $8,000 trading trap as US midterms approach</a></h3><p>Sygnum&#8217;s Can-Luca K&#246;ymen expects range-bound trading into the November 3 midterms, while Glassnode&#8217;s October 14 analysis places the aggregate cost basis of US spot ETF holdings near $81,500 and that of six-to-12-month holders near $88,000. The report cites $859 million in ETF outflows across October 7&#8211;14. Those levels describe concentrated demand and supply; whether they hold depends on fresh buying and the rate outlook, with outcomes possible beyond the range.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Faustralia-eyes-a14-million-capital-rule-as-crypto-regulatory-crackdown-deepens%2F">Australia eyes A$14 million capital rule as crypto regulatory crackdown deepens</a></h3><p>ASIC is consulting on three capital models for crypto platforms. One would require the greater of A$14 million or 10% of average revenue without qualifying outsourced custody; lower thresholds would apply with it.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ftrumps-crypto-policy-power-shifts-toward-sec-and-cftc-as-white-house-team-empties%2F">Trump&#8217;s crypto bill loses its White House negotiator as Patrick Witt exits</a></h3><p>Witt confirmed his departure on October 15 for an undisclosed private-sector role. His farewell named no successor; disagreements over stablecoin rewards and presidential conflicts of interest continue to obstruct CLARITY in the Senate.</p><h2>From Our Sponsor</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fgo%2Fwinnly" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!Rpfy!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff318b202-ca95-4c80-bd5a-918e9b83fbd5_1200x600.jpeg 424w, https://substackcdn.com/image/fetch/$s_!Rpfy!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff318b202-ca95-4c80-bd5a-918e9b83fbd5_1200x600.jpeg 848w, https://substackcdn.com/image/fetch/$s_!Rpfy!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff318b202-ca95-4c80-bd5a-918e9b83fbd5_1200x600.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!Rpfy!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff318b202-ca95-4c80-bd5a-918e9b83fbd5_1200x600.jpeg 1456w" sizes="auto, 100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21Rpfy%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Ff318b202-ca95-4c80-bd5a-918e9b83fbd5_1200x600.jpeg" width="1200" height="600" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/f318b202-ca95-4c80-bd5a-918e9b83fbd5_1200x600.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:600,&quot;width&quot;:1200,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Advertisement&quot;,&quot;title&quot;:&quot;Advertisement&quot;,&quot;type&quot;:null,&quot;href&quot;:&quot;https://cryptoslate.com/go/winnly&quot;,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Advertisement" title="Advertisement" srcset="https://substackcdn.com/image/fetch/$s_!Rpfy!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff318b202-ca95-4c80-bd5a-918e9b83fbd5_1200x600.jpeg 424w, https://substackcdn.com/image/fetch/$s_!Rpfy!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff318b202-ca95-4c80-bd5a-918e9b83fbd5_1200x600.jpeg 848w, https://substackcdn.com/image/fetch/$s_!Rpfy!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff318b202-ca95-4c80-bd5a-918e9b83fbd5_1200x600.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!Rpfy!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff318b202-ca95-4c80-bd5a-918e9b83fbd5_1200x600.jpeg 1456w" sizes="auto, 100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3>WINNLY Makes Mobile Gaming Rewarding &#8212; Play, Compete, Earn</h3><p>WINNLY lets players compete in 100% skill-based mini-games, climb leaderboards, and earn coins redeemable for gift cards from Amazon, PlayStation, Netflix, and more.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://cryptoslate.com/go/winnly&quot;,&quot;text&quot;:&quot;Download WINNLY&quot;,&quot;action&quot;:null,&quot;class&quot;:&quot;button-wrapper&quot;}" data-component-name="ButtonCreateButton"><a class="button primary button-wrapper" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fgo%2Fwinnly"><span>Download WINNLY</span></a></p><h2>What We&#8217;re Watching</h2><ul><li><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-faces-an-8000-trading-trap-as-us-midterms-approach%2F">The October 28 Fed decision:</a> will the rate decision and guidance support analysts&#8217; range-bound outlook? The report identifies inflation persistence and ETF demand as potential sources of disruption.</p></li><li><p><a href="iframe.php?url=https%3A%2F%2Fwww.asic.gov.au%2Fabout-asic%2Fnews-centre%2Ffind-a-media-release%2F2026-releases%2F26-245mr-asic-consults-on-implementation-of-new-digital-asset-laws">Australia&#8217;s November 27 consultation deadline:</a> submissions close at 5 p.m. AEDT. Which capital model will ASIC choose, and how will it address costs for smaller platforms?</p></li><li><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fxrp-exchange-wallets-added-84-million-tokens-in-three-days-as-price-slipped-toward-1-30%2F">XRP&#8217;s custody build:</a> further same-wallet growth accompanied by seller-initiated spot trades would strengthen the supply concern. An identified custody transfer or balance reversal would weaken it.</p></li></ul><h2>Elsewhere in Crypto</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoins-100000-dream-slips-away-as-939-million-crypto-wipeout-pushes-traders-toward-78000%2F">Bitcoin&#8217;s $100,000 dream slips away as $939 million crypto wipeout pushes traders toward $78,000</a></h3><p>October 15 reporting counted $939.24 million in liquidations across 176,506 traders as investors increased downside protection.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fxrp-exchange-wallets-added-84-million-tokens-in-three-days-as-price-slipped-toward-1-30%2F">84 million XRP added to exchange wallets as price slipped toward $1.30</a></h3><p>The same 699 wallets added 83.94 million XRP through October 15; custody balances alone do not establish selling.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ftwo-firms-control-corporate-bitcoin-buys-even-as-business-adoption-broadens%2F">Two firms control corporate Bitcoin buys, even as business adoption broadens</a></h3><p>River&#8217;s holdings data show concentrated accumulation; merger transfers and different reporting windows prevent a precise share of new purchases.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fquantum-fixes-protect-bitcoin-but-legit-owners-risk-lockout%2F">Quantum fixes protect Bitcoin, but legit owners risk lockout</a></h3><p>Proposed signature restrictions could constrain legitimate holders; quantum recovery of Bitcoin keys remains undemonstrated in the cited research.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fai-agents-keep-coming-back-for-crypto-as-x402-wallet-refill-rate-surges-to-89%2F">AI agents keep coming back for crypto as x402 wallet refill rate surges to 89%</a></h3><p>Among wallets first funded in Q2 and active on multiple days, 89.3% were refilled within 30 days; payment counts still need checks for independent commerce.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fmachi-reopens-eth-long-seven-minutes-after-269000-liquidation-loss%2F">Machi loses $269,000 on ETH, then opens another long seven minutes later</a></h3><p>The tracked wallet rebuilt exposure after forced closures; the reported liquidation losses exclude separate voluntary selling losses.</p>]]></content:encoded></item><item><title><![CDATA[Trezor cuts resellers after Ledger implant reports]]></title><description><![CDATA[Selected dealers lose authorization on January 1 as wallet makers tighten distribution controls.]]></description><link>https://cryptoslate.substack.com/p/trezor-cuts-resellers-after-ledger</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/trezor-cuts-resellers-after-ledger</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Wed, 14 Oct 2026 16:00:09 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21GgIr%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F04d460b4-e577-4d9f-bf71-98ce4742083e_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Trezor is shrinking its reseller network after attackers planted hardware inside Ledger wallets sold through an authorized dealer. The implants captured recovery phrases without disrupting normal signing. Trezor&#8217;s January cutoff will change where buyers can find authorized stock and how remaining retailers handle it.</p><p>Australia is also reviewing retail protections, proposing to bring qualifying crypto-settled derivatives under its existing leverage rules. In Britain, a court ruling means Chinese fraud victims must establish ownership under Chinese law before recovering seized Bitcoin; proof of financial loss alone is insufficient.</p><h2>Top News</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fledgers-crypto-wallet-implant-scare-triggers-trezor-reseller-crackdown-as-security-fears-spread%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!GgIr!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04d460b4-e577-4d9f-bf71-98ce4742083e_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!GgIr!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04d460b4-e577-4d9f-bf71-98ce4742083e_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!GgIr!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04d460b4-e577-4d9f-bf71-98ce4742083e_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!GgIr!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04d460b4-e577-4d9f-bf71-98ce4742083e_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21GgIr%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F04d460b4-e577-4d9f-bf71-98ce4742083e_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/04d460b4-e577-4d9f-bf71-98ce4742083e_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:436559,&quot;alt&quot;:&quot;A damaged wooden shipping crate reveals Ledger wallet packaging and an electronic component beneath supply chain lockdown warnings.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/ledgers-crypto-wallet-implant-scare-triggers-trezor-reseller-crackdown-as-security-fears-spread/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/220372057?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04d460b4-e577-4d9f-bf71-98ce4742083e_1280x720.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="A damaged wooden shipping crate reveals Ledger wallet packaging and an electronic component beneath supply chain lockdown warnings." title="A damaged wooden shipping crate reveals Ledger wallet packaging and an electronic component beneath supply chain lockdown warnings." srcset="https://substackcdn.com/image/fetch/$s_!GgIr!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04d460b4-e577-4d9f-bf71-98ce4742083e_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!GgIr!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04d460b4-e577-4d9f-bf71-98ce4742083e_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!GgIr!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04d460b4-e577-4d9f-bf71-98ce4742083e_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!GgIr!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F04d460b4-e577-4d9f-bf71-98ce4742083e_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p></p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fledgers-crypto-wallet-implant-scare-triggers-trezor-reseller-crackdown-as-security-fears-spread%2F">Ledger&#8217;s crypto wallet implant scare triggers Trezor reseller crackdown as security fears spread</a></h3><p>In an October 13 letter, Trezor said selected resellers would receive no new inventory and lose authorization on January 1, 2027, while remaining partners face stricter contracts and inspections. Existing stock can still be sold before the cutoff, and Trezor says the removals are not findings of wrongdoing by those retailers. Ledger&#8217;s separate investigation continues to examine where devices were altered and how far the tampering spread.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Faustralia-moves-to-close-crypto-derivatives-loophole-after-retail-traders-lose-a458-million%2F">Australia moves to close crypto derivatives loophole after retail traders lose A$458 million</a></h3><p>ASIC proposes extending CFD protections to qualifying crypto-settled contracts, with leverage caps tied to the underlying asset. The cited A$458 million in retail losses covers all CFDs in 2023&#8211;24, not crypto alone.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fa-5-billion-bitcoin-fortune-is-at-stake-but-uk-court-says-being-defrauded-isnt-enough-to-claim-it%2F">A $5 billion Bitcoin fortune is at stake, but UK court says being defrauded isn&#8217;t enough to claim it</a></h3><p>The October 12 ruling applies Chinese law to ownership claims over more than 61,000 seized BTC. It does not determine final ownership or distribution; claimants still need to establish proprietary interests.</p><h2>From Our Sponsor</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fgo%2Fwinnly" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!t2JZ!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15fb2d49-7e65-4865-8bcf-b099539a58b2_1200x600.jpeg 424w, https://substackcdn.com/image/fetch/$s_!t2JZ!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15fb2d49-7e65-4865-8bcf-b099539a58b2_1200x600.jpeg 848w, https://substackcdn.com/image/fetch/$s_!t2JZ!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15fb2d49-7e65-4865-8bcf-b099539a58b2_1200x600.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!t2JZ!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15fb2d49-7e65-4865-8bcf-b099539a58b2_1200x600.jpeg 1456w" sizes="auto, 100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21t2JZ%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F15fb2d49-7e65-4865-8bcf-b099539a58b2_1200x600.jpeg" width="1200" height="600" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/15fb2d49-7e65-4865-8bcf-b099539a58b2_1200x600.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:600,&quot;width&quot;:1200,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Advertisement&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:&quot;https://cryptoslate.com/go/winnly&quot;,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Advertisement" title="Advertisement" srcset="https://substackcdn.com/image/fetch/$s_!t2JZ!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15fb2d49-7e65-4865-8bcf-b099539a58b2_1200x600.jpeg 424w, https://substackcdn.com/image/fetch/$s_!t2JZ!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15fb2d49-7e65-4865-8bcf-b099539a58b2_1200x600.jpeg 848w, https://substackcdn.com/image/fetch/$s_!t2JZ!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15fb2d49-7e65-4865-8bcf-b099539a58b2_1200x600.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!t2JZ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F15fb2d49-7e65-4865-8bcf-b099539a58b2_1200x600.jpeg 1456w" sizes="auto, 100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3>WINNLY Makes Mobile Gaming Rewarding &#8212; Play, Compete, Earn</h3><p>WINNLY lets players compete in 100% skill-based mini-games, climb leaderboards, and earn coins redeemable for gift cards from Amazon, PlayStation, Netflix, and more.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://cryptoslate.com/go/winnly&quot;,&quot;text&quot;:&quot;Download WINNLY&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fgo%2Fwinnly"><span>Download WINNLY</span></a></p><h2>What We&#8217;re Watching</h2><ul><li><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Faustralia-moves-to-close-crypto-derivatives-loophole-after-retail-traders-lose-a458-million%2F">Australia&#8217;s November 9 consultation deadline:</a> ASIC seeks evidence on affected contracts, compliance costs and transition periods before settling the scope of its proposed extension.</p></li><li><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fethereum-name-service-plans-major-eth-overhaul-with-one-irreversible-catch-for-domain-holders%2F">ENS governance and activation:</a> The reported proposal still awaits a DAO vote. Will the final activation plan allow renewals during the temporary registration pause?</p></li></ul><h2>Elsewhere in Crypto</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-defies-800-million-crypto-wipeout-as-south-koreas-ai-stock-market-crashes%2F">Bitcoin defies $800 million crypto wipeout as South Korea&#8217;s AI stock market crashes</a></h3><p>October 13 reporting puts liquidations at $813 million; aggressive derivatives selling persisted during Bitcoin&#8217;s rebound above $83,000.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoins-quantum-safe-protection-gets-82-cheaper-as-researchers-race-to-secure-6-million-exposed-btc%2F">Bitcoin&#8217;s quantum-safe protection gets 82% cheaper as researchers race to secure 6 million exposed BTC</a></h3><p>The $59 computing estimate excludes network fees and still needs validation in complete transactions with willing miners.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fmetaplanet-unveils-380-million-share-buyback-after-stock-crashes-nearly-90-from-peak%2F">Metaplanet unveils $380 million share buyback after stock crashes nearly 90% from peak</a></h3><p>Convertible financing would replace some Bitcoin-backed debt and fund repurchases, while introducing potential dilution and earlier repayment rights.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fethereum-name-service-plans-major-eth-overhaul-with-one-irreversible-catch-for-domain-holders%2F">Ethereum Name Service plans major .eth overhaul with one irreversible catch for domain holders</a></h3><p>The pending proposal preserves renewable ENSv1 names but makes migration permanent; launch timing and transition renewals remain unresolved.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fus-deposit-rates-choke-usdc-adoption-and-a-bis-model-reveals-why%2F">US deposit rates choke USDC adoption, and a BIS model reveals why</a></h3><p>BIS researchers estimate a stronger historical deposit-rate relationship for USDC than USDT; the magnitude depends on model assumptions.</p>]]></content:encoded></item><item><title><![CDATA[FSB warns stablecoin reserves can get trapped]]></title><description><![CDATA[Cross-border redemption delays could pressure stablecoin pegs; the watchdog&#8217;s recommendations remain non-binding.]]></description><link>https://cryptoslate.substack.com/p/fsb-warns-stablecoin-reserves-can</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/fsb-warns-stablecoin-reserves-can</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Tue, 13 Oct 2026 14:25:09 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21DORm%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F78b7eb2c-a4fb-47d9-ada5-42518b939aa2_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>The Financial Stability Board warns that stablecoin holders can face redemption delays when reserves sit across borders from the issuer receiving withdrawals. Full backing alone cannot guarantee that cash reaches the right entity in time. A run could also reach banks and securities markets if issuers sell reserve assets or withdraw deposits rapidly.</p><p>Standard Chartered has opened custody for XRPL-issued RLUSD, with trading-collateral integration still pending. France&#8217;s proposed tax overhaul would recognize gains on certain stablecoin swaps before investors withdraw cash.</p><h2>Top News</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fglobal-watchdog-warns-the-300-billion-stablecoin-market-could-face-bank-runs-even-with-full-reserves%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!DORm!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78b7eb2c-a4fb-47d9-ada5-42518b939aa2_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!DORm!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78b7eb2c-a4fb-47d9-ada5-42518b939aa2_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!DORm!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78b7eb2c-a4fb-47d9-ada5-42518b939aa2_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!DORm!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78b7eb2c-a4fb-47d9-ada5-42518b939aa2_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21DORm%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F78b7eb2c-a4fb-47d9-ada5-42518b939aa2_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/78b7eb2c-a4fb-47d9-ada5-42518b939aa2_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:567207,&quot;alt&quot;:&quot;Stablecoin holders rush toward a redemption vault while bank reserves remain behind a guarded border checkpoint and blocked transfer routes.&quot;,&quot;title&quot;:null,&quot;type&quot;:&quot;image/jpeg&quot;,&quot;href&quot;:&quot;https://cryptoslate.com/global-watchdog-warns-the-300-billion-stablecoin-market-could-face-bank-runs-even-with-full-reserves/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://cryptoslate.substack.com/i/220200699?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78b7eb2c-a4fb-47d9-ada5-42518b939aa2_1280x720.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Stablecoin holders rush toward a redemption vault while bank reserves remain behind a guarded border checkpoint and blocked transfer routes." title="Stablecoin holders rush toward a redemption vault while bank reserves remain behind a guarded border checkpoint and blocked transfer routes." srcset="https://substackcdn.com/image/fetch/$s_!DORm!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78b7eb2c-a4fb-47d9-ada5-42518b939aa2_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!DORm!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78b7eb2c-a4fb-47d9-ada5-42518b939aa2_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!DORm!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78b7eb2c-a4fb-47d9-ada5-42518b939aa2_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!DORm!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F78b7eb2c-a4fb-47d9-ada5-42518b939aa2_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p></p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fglobal-watchdog-warns-the-300-billion-stablecoin-market-could-face-bank-runs-even-with-full-reserves%2F">Global watchdog warns the $300 billion stablecoin market could face bank runs even with full reserves</a></h3><p>The FSB&#8217;s October 12 report, using a roughly $300 billion mid-2026 market estimate, examines affiliated issuers that share liability for one stablecoin but hold separate reserves. If withdrawals concentrate at one entity, banking hours, settlement delays or national restrictions could impede transfers from its affiliates, leaving holders waiting and putting pressure on the peg. The watchdog calls for better cross-border monitoring and crisis coordination; its recommendations are non-binding and do not establish that a run is underway.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Ffrances-tax-proposal-would-make-bitcoin-to-usdc-swaps-taxable-before-cash-out%2F">France&#8217;s tax proposal would tax Bitcoin-to-USDC swaps before investors cash out</a></h3><p>A French committee adopted an amendment that would end tax deferral for swaps into qualifying e-money tokens from January 1, 2027, if enacted. It also changes acquisition-basis calculations and offers transition choices for older holdings.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Feclair-merges-fixes-for-lightning-fee-losses-that-do-not-require-stolen-keys%2F">Eclair merges fixes for Lightning flaws that could burn Bitcoin in fees</a></h3><p>Eclair merged safeguards against excessive funding fees and transactions built by a compromised Bitcoin backend. The October fixes postdate September&#8217;s v0.14.3, still listed as the latest packaged release when checked on October 12.</p><h2>From Our Sponsor</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fgo%2Fwinnly" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!sJT8!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffff57af6-1bf3-42e3-85cc-936e3bfd2a71_1200x600.jpeg 424w, https://substackcdn.com/image/fetch/$s_!sJT8!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffff57af6-1bf3-42e3-85cc-936e3bfd2a71_1200x600.jpeg 848w, https://substackcdn.com/image/fetch/$s_!sJT8!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffff57af6-1bf3-42e3-85cc-936e3bfd2a71_1200x600.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!sJT8!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffff57af6-1bf3-42e3-85cc-936e3bfd2a71_1200x600.jpeg 1456w" sizes="auto, 100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21sJT8%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Ffff57af6-1bf3-42e3-85cc-936e3bfd2a71_1200x600.jpeg" width="1200" height="600" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/fff57af6-1bf3-42e3-85cc-936e3bfd2a71_1200x600.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:600,&quot;width&quot;:1200,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Advertisement&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:&quot;https://cryptoslate.com/go/winnly&quot;,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Advertisement" title="Advertisement" srcset="https://substackcdn.com/image/fetch/$s_!sJT8!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffff57af6-1bf3-42e3-85cc-936e3bfd2a71_1200x600.jpeg 424w, https://substackcdn.com/image/fetch/$s_!sJT8!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffff57af6-1bf3-42e3-85cc-936e3bfd2a71_1200x600.jpeg 848w, https://substackcdn.com/image/fetch/$s_!sJT8!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffff57af6-1bf3-42e3-85cc-936e3bfd2a71_1200x600.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!sJT8!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffff57af6-1bf3-42e3-85cc-936e3bfd2a71_1200x600.jpeg 1456w" sizes="auto, 100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3>WINNLY Makes Mobile Gaming Rewarding &#8212; Play, Compete, Earn</h3><p>WINNLY lets players compete in 100% skill-based mini-games, climb leaderboards, and earn coins redeemable for gift cards from Amazon, PlayStation, Netflix, and more.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://cryptoslate.com/go/winnly&quot;,&quot;text&quot;:&quot;Download WINNLY&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fgo%2Fwinnly"><span>Download WINNLY</span></a></p><h2>What We&#8217;re Watching</h2><ul><li><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fglobal-watchdog-warns-the-300-billion-stablecoin-market-could-face-bank-runs-even-with-full-reserves%2F">G20 stablecoin discussions:</a> The FSB&#8217;s findings go to finance ministers and central bank governors on October 15. Whether officials agree on reserve monitoring and cross-border crisis procedures remains open.</p></li><li><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fsolanas-cold-wallet-migration-plan-would-add-a-new-layer-between-keys-and-funds%2F">Solana&#8217;s replacement signing path:</a> Audits, mainnet readiness and application compatibility remain unresolved. Those milestones determine when the proposed roughly six-month migration window could begin.</p></li></ul><h2>Elsewhere in Crypto</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-approaches-an-85000-wall-as-ethereums-26-5-billion-derivatives-market-flashes-warning-signs%2F">Bitcoin&#8217;s rebound approaches the $85,000 zone where past buyers may sell</a></h3><p>Checkonchain&#8217;s October 11 data identifies a dense acquisition-cost zone; it cannot establish whether those holders will sell.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-traders-brace-for-cpi-shock-with-451-million-in-downside-options-bets%2F">Bitcoin options price a quiet CPI week while shorts cluster at $76,000&#8211;$80,000</a></h3><p>October 12 options data includes both put buyers and sellers, so open interest alone cannot prove bearish conviction.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fsolanas-cold-wallet-migration-plan-would-add-a-new-layer-between-keys-and-funds%2F">Solana&#8217;s offline-signing proposal would keep approvals valid after failed transactions</a></h3><p>Proposed replacements change account authorities and permit retries; an audited mainnet replacement must precede the conditional migration window.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fstandard-chartered-brings-ripples-rlusd-into-banking-custody-after-765-million-quarterly-surge%2F">Standard Chartered brings Ripple&#8217;s RLUSD into banking custody after $765 million quarterly surge</a></h3><p>Eligible institutions can custody XRPL-issued RLUSD now; using it as LMAX collateral still awaits testing and approvals.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fftxs-former-bitcoin-mining-bet-gets-new-life-as-parent-raises-e800-million-for-ai%2F">FTX&#8217;s former Bitcoin mining bet gets new life as parent raises &#8364;800 million for AI</a></h3><p>SWI&#8217;s financing supports AI infrastructure, but Genesis-specific allocations, conversion sites and revenue dates remain undisclosed.</p>]]></content:encoded></item><item><title><![CDATA[Unpatched Lightning apps face a Bitcoin theft risk]]></title><description><![CDATA[October 1 LDK fixes require application updates; a separate liquidity-service flaw also needs attention.]]></description><link>https://cryptoslate.substack.com/p/unpatched-lightning-apps-face-a-bitcoin</link><guid isPermaLink="false">https://cryptoslate.substack.com/p/unpatched-lightning-apps-face-a-bitcoin</guid><dc:creator><![CDATA[CryptoSlate]]></dc:creator><pubDate>Mon, 12 Oct 2026 15:32:59 GMT</pubDate><enclosure url="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21EOSH%21%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F1321dea7-2e8a-4595-be0c-38fe194518f3_1280x720.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Bitcoin Lightning applications using unpatched LDK can lose funds when a channel peer lies after reconnecting. The fixes are available, but developers have to incorporate them into deployed apps. A library release alone does not protect software still running vulnerable code.</p><p>Elsewhere, tokenized shares can preserve shareholder rights while trading outside familiar venue protections, and Unichain is preparing to hand production operations to Optimism. Broker duties and emergency withdrawal routes depend on the specific venue, customer relationship and chain contracts.</p><h2>Top News</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Funpatched-ldk-apps-can-lose-bitcoin-when-a-lightning-peer-lies-after-reconnecting%2F" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!EOSH!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1321dea7-2e8a-4595-be0c-38fe194518f3_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!EOSH!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1321dea7-2e8a-4595-be0c-38fe194518f3_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!EOSH!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1321dea7-2e8a-4595-be0c-38fe194518f3_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!EOSH!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1321dea7-2e8a-4595-be0c-38fe194518f3_1280x720.jpeg 1456w" sizes="100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21EOSH%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252F1321dea7-2e8a-4595-be0c-38fe194518f3_1280x720.jpeg" width="1280" height="720" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/1321dea7-2e8a-4595-be0c-38fe194518f3_1280x720.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:720,&quot;width&quot;:1280,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Illustration of the LDK reconnect security flaw affecting unpatched Bitcoin Lightning applications&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:&quot;https://cryptoslate.com/unpatched-ldk-apps-can-lose-bitcoin-when-a-lightning-peer-lies-after-reconnecting/&quot;,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Illustration of the LDK reconnect security flaw affecting unpatched Bitcoin Lightning applications" title="Illustration of the LDK reconnect security flaw affecting unpatched Bitcoin Lightning applications" srcset="https://substackcdn.com/image/fetch/$s_!EOSH!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1321dea7-2e8a-4595-be0c-38fe194518f3_1280x720.jpeg 424w, https://substackcdn.com/image/fetch/$s_!EOSH!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1321dea7-2e8a-4595-be0c-38fe194518f3_1280x720.jpeg 848w, https://substackcdn.com/image/fetch/$s_!EOSH!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1321dea7-2e8a-4595-be0c-38fe194518f3_1280x720.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!EOSH!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1321dea7-2e8a-4595-be0c-38fe194518f3_1280x720.jpeg 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Funpatched-ldk-apps-can-lose-bitcoin-when-a-lightning-peer-lies-after-reconnecting%2F">Lightning apps using unpatched LDK risk Bitcoin theft from a reconnect lie</a></h3><p>The October 1-dated LDK releases 0.2.7 and 0.1.13 fix a reconnect flaw that could make an app sign conflicting channel states, allowing a malicious peer to reclaim an incoming payment after the app paid the next recipient. Version 0.2.7 also fixes an LSPS2 liquidity-service flaw that could forward more Bitcoin than it received. Developers must deploy the patched library and account for previously queued LSPS2 payment contracts with unvalidated amounts.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fsecs-tokenized-stock-exemption-leaves-key-price-feed-choices-to-venues%2F">Tokenized stocks can carry the same rights without the same trading protections</a></h3><p>The SEC&#8217;s September exemption preserves eligible shares&#8217; rights while relaxing venue-level trading protections. Douro Labs now seeks clearer price-feed standards; FINRA-member brokers still owe applicable best-execution duties when handling customer transactions.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fjing-wangs-optimism-adds-unichain-to-its-operating-plans-while-users-exit-rights-remain-uneven%2F">Optimism&#8217;s Unichain deal will put more chains under one operator</a></h3><p>Unichain plans to move production operations to Optimism on October 29, following an October 13 testnet migration. Contract-upgrade governance remains unchanged, and users&#8217; withdrawal fallbacks differ across Optimism-managed chains.</p><h2>From Our Sponsor</h2><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fgo%2Fwinnly" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!RSIq!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd954e3de-eebc-4774-bb73-632361ee472e_1200x600.jpeg 424w, https://substackcdn.com/image/fetch/$s_!RSIq!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd954e3de-eebc-4774-bb73-632361ee472e_1200x600.jpeg 848w, https://substackcdn.com/image/fetch/$s_!RSIq!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd954e3de-eebc-4774-bb73-632361ee472e_1200x600.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!RSIq!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd954e3de-eebc-4774-bb73-632361ee472e_1200x600.jpeg 1456w" sizes="auto, 100vw"><img src="iframe.php?url=https%3A%2F%2Fsubstackcdn.com%2Fimage%2Ffetch%2F%24s_%21RSIq%21%2Cw_1456%2Cc_limit%2Cf_auto%2Cq_auto%3Agood%2Cfl_progressive%3Asteep%2Fhttps%253A%252F%252Fsubstack-post-media.s3.amazonaws.com%252Fpublic%252Fimages%252Fd954e3de-eebc-4774-bb73-632361ee472e_1200x600.jpeg" width="1200" height="600" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/d954e3de-eebc-4774-bb73-632361ee472e_1200x600.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:600,&quot;width&quot;:1200,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:null,&quot;alt&quot;:&quot;Advertisement&quot;,&quot;title&quot;:null,&quot;type&quot;:null,&quot;href&quot;:&quot;https://cryptoslate.com/go/winnly&quot;,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:null,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="Advertisement" title="Advertisement" srcset="https://substackcdn.com/image/fetch/$s_!RSIq!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd954e3de-eebc-4774-bb73-632361ee472e_1200x600.jpeg 424w, https://substackcdn.com/image/fetch/$s_!RSIq!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd954e3de-eebc-4774-bb73-632361ee472e_1200x600.jpeg 848w, https://substackcdn.com/image/fetch/$s_!RSIq!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd954e3de-eebc-4774-bb73-632361ee472e_1200x600.jpeg 1272w, https://substackcdn.com/image/fetch/$s_!RSIq!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd954e3de-eebc-4774-bb73-632361ee472e_1200x600.jpeg 1456w" sizes="auto, 100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image buttonBase-GK1x3M"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg" class="icon-noB79L"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image buttonBase-GK1x3M"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2 icon-noB79L"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><h3>WINNLY Makes Mobile Gaming Rewarding &#8212; Play, Compete, Earn</h3><p>WINNLY lets players compete in 100% skill-based mini-games, climb leaderboards, and earn coins redeemable for gift cards from Amazon, PlayStation, Netflix, and more.</p><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://cryptoslate.com/go/winnly&quot;,&quot;text&quot;:&quot;Download WINNLY&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fgo%2Fwinnly"><span>Download WINNLY</span></a></p><h2>What We&#8217;re Watching</h2><ul><li><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fjing-wangs-optimism-adds-unichain-to-its-operating-plans-while-users-exit-rights-remain-uneven%2F">Unichain&#8217;s migration:</a> The October 13 testnet move precedes the planned October 29 mainnet cutover. Completion and incident reports will show how the new operating arrangement performs.</p></li><li><p><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fstarknet-doubles-in-a-week-as-ethereum-exit-plan-ignite-2-billion-trading-frenzy%2F">Starknet&#8217;s October 15 unlock:</a> The published schedule allows up to 127 million STRK to become transferable. That does not establish how many recipients will sell.</p></li></ul><h2>Elsewhere in Crypto</h2><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fxrps-next-wall-street-expansion-comes-with-an-unexpected-complication-from-ripple%2F">XRP&#8217;s next Wall Street expansion comes with an unexpected complication from Ripple</a></h3><p>Ripple ties keep Evernorth&#8217;s XRP holdings under impairment accounting, so price recoveries cannot reverse earlier write-downs.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fstarknet-doubles-in-a-week-as-ethereum-exit-plan-ignite-2-billion-trading-frenzy%2F">Starknet considers leaving Ethereum for a quantum-resistant Layer 1</a></h3><p>An independent chain remains under consideration; replacing Ethereum&#8217;s settlement and security requires a separate design.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fbitcoin-hedge-funds-face-a-liquidation-trap-when-their-collateral-is-split-across-markets%2F">Bitcoin hedge funds face a liquidation trap when their collateral is split across markets</a></h3><p>Coordinated collateral can support larger hedges, but exchange margin calls and lender repayment obligations still apply.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Faaves-yield-collateral-markets-reveal-a-thin-cushion-before-liquidation%2F">Some Aave loans sit near liquidation with collateral that can take hours to cash out</a></h3><p>October 9 risk reviews proposed higher caps despite concentrated borrowing and collateral exits that depend on buyers or redemption.</p><h3><a href="iframe.php?url=https%3A%2F%2Fcryptoslate.com%2Fkrakens-held-futures-limit-orders-can-still-fill-after-a-successful-cancel%2F">Some Kraken futures limit orders can still fill after a successful cancel</a></h3><p>Covered held-limit cancellations convert placements to immediate-or-cancel; automated traders must reconcile subsequent execution reports.</p>]]></content:encoded></item></channel></rss>