24/7 Blockchain industry dynamics and breaking crypto news
Key midday updates: Ethereum researchers urge 'bunker mode' preparedness; Vitalik warns AI may challenge quantum-resistant crypto within 2 years, advises against hasty moves; Wells Fargo explores crypto trading liquidity; Sui integrates with Samsung Wallet for USDC transfers. U.S. government continues large-scale asset transfers.
Read MoreSolana has partnered with Samsung to embed USDC payments directly into Samsung Wallet. Starting late October, US users can conduct fast, low-cost cross-border transfers via Solana's network on over 80 million Galaxy devices, marking a major integration of blockchain with mainstream consumer tech.
Read MoreEthereum Name Service (ENS) has formally applied to ICANN for the .ens top-level domain. As the sole applicant for .ens in the latest ICANN gTLD round, ENS faces no competitive auction. This move aims to integrate decentralized Web3 identities into the mainstream internet's domain name system.
Read MoreBitwise CIO Matt Hougan highlights NEAR as a rare crypto asset combining ambitious vision with tangible business. Beyond its 'AI blockchain' narrative, NEAR's Intents product is projected to generate ~$45M in annual fees, with buybacks benefiting token holders.
Read MoreEthereum researcher Justin Drake warns that recent AI breakthroughs in mathematics could accelerate the quantum computing threat to elliptic-curve cryptography. He urges the crypto industry to adopt a "bunker mode," advising users, especially large holders, to systematically migrate assets to new addresses to hide public keys and mitigate risk, emphasizing that careful planning is crucial.
Read MoreBinance announced a temporary suspension of US stock trading on October 10 from 18:50 to 21:00 (UTC+8) due to partner broker system upgrades. The maintenance is scheduled outside regular US market hours, with service resuming automatically upon completion. Users are advised to plan trades accordingly.
Read MoreStandard Chartered Singapore is planning to launch digital asset custody services for institutional investors, covering select cryptocurrencies, stablecoins, and tokenized real-world assets (RWA). This expands its global custody footprint, building on existing operations in the UAE, Luxembourg, and Hong Kong.
Read MoreBitcoin has fallen below the key $83,000 level, currently trading at $82,987.56 with a 24-hour drop of 1.22%. The move signals heightened market volatility, prompting analysts to advise caution and robust risk management strategies for traders navigating the turbulent conditions.
Read MoreAVAX has fallen below the key $11 level, currently trading at $10.99 with a 24-hour decline of 0.09%. Heightened market volatility is prompting analysts to advise investors to monitor technical support levels closely and prioritize risk management strategies.
Read MoreVeteran crypto media outlet Cointelegraph is reportedly seeking a buyer, following a dramatic traffic collapse. Monthly visits plummeted from over 12 million to around 700,000 after a major search engine penalty, a drop exceeding 90%. The company has not commented.
Read MoreLeading South Korean exchange Upbit will list the PONS token on October 8, opening KRW, BTC, and USDT trading pairs. This move is expected to enhance PONS's market liquidity and visibility significantly.
Read MoreA legacy MakerDAO auction contract from the 2020 "Black Thursday" liquidation crisis was exploited due to a missing access control flaw, allowing an attacker to drain 200 ETH. The incident highlights the persistent security risks posed by outdated but still valuable smart contracts in DeFi.
Read MoreSouth Korean crypto exchange Bithumb has announced the listing of CASHCAT and AIA, with KRW trading pairs launching today. CASHCAT trading opens at 2 PM, followed by AIA at 3 PM local time, providing direct fiat on-ramps for local investors.
Read MorePURR's CEO denies the firm purchased 3.75M HYPE tokens in an OTC deal from Hyperliquid Labs. The clarification addresses market rumors surrounding the high-value transaction.
Read MoreCybersecurity consultant Jonathan Spalletta was convicted by a New York jury for stealing approximately $55 million from Uranium Finance. Authorities seized millions in crypto assets and rare collectibles, including Pokémon cards and a moon-flown artifact. He faces up to 20 years in prison, with sentencing set for February.
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