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Regulation/Compliance

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Moscow Exchange Plans to Launch Regulated Crypto Trading on December 1

Odaily News: Russia's largest stock exchange, the Moscow Exchange, is conducting a pilot for crypto trading with professional participants and plans to launch regulated cryptocurrency trading services on December 1. Boris Blokhin, Managing Director of the exchange's securities market, said that relevant testing began a week ago.Boris Blokhin noted that the Moscow Exchange's existing license already covers cryptocurrency trading services, and no additional permits or licenses are required. Russia's relevant cryptocurrency market regulations took effect on September 1, allowing citizens to trade cryptocurrencies on domestic exchanges licensed by the Bank of Russia.Investors who do not qualify as accredited investors will face investment amount limits, and trading will be restricted to Bitcoin, Ethereum, and USDT. Sberbank estimates that Russia's cryptocurrency trading volume will reach at least 4 trillion rubles in the first year, with only 20% completed through exchanges, while the remaining approximately 80% will still occur through unregulated channels. (Bitcoin.com News)

多方敦促 SCOTUS 裁决体育预测市场监管权归属

包括 NFL、多名前政要在内的多方签署意见书,敦促美国最高法院介入判定体育预测市场是属于联邦 CFTC 管辖的互换合约,还是州级管辖区的博彩产品。

A limited number of devices were affected, and Ledger confirmed that all hardware wallet supply chain attack cases involved CryptoBilis

According to a post by Bitcoin News on X, Ledger stated that the number of affected devices is limited, and as of now, all confirmed cases related to the October 9 fund theft incident involve devices sold through Southeast Asian distributor CryptoBilis. Ledger's internal systems and direct sales channels were not affected. CryptoBilis has suspended all hardware wallet sales, and Ledger is cooperating with law enforcement and contacting affected customers. Ledger advises CryptoBilis buyers not to initialize unused devices; users who have already completed initialization should transfer their funds to a new wallet using a new seed phrase. The investigation is still ongoing.

US Plans to Halt Weapon Procurement Mechanism for Ukraine to Pressure Kyiv

The Trump administration is threatening to halt the procurement mechanism for supplying weapons to Ukraine to pressure Kyiv into stopping strikes on Russian energy infrastructure. The US has simultaneously lobbied European governments and Kyiv to prevent Ukrainian attacks on Russian oil refineries.

Clarity Act Faces Setbacks as U.S. Crypto Regulation Shifts to SEC and CFTC

US crypto regulatory legislation has stalled, shifting the focus of authority to the SEC and CFTC, as regulators accelerate the rollout of new rules to fill the gap. The industry believes that while this move can accelerate commercial innovation, it also preserves a regulatory advantage for existing giants like Coinbase.

Clarity Act Fails to Pass, Crypto Executives See Opportunity in DeFi, Legal Experts Say Uncertainty Will Persist

Odaily News: Initiatives by the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) may drive the expansion of regulated on-chain trading and boost institutional participation.Legal experts say the regulatory framework is expected to advance gradually, but gaps remain that will need to be addressed by the U.S. Congress. Crypto industry executives believe that the failure of the Clarity Act to pass will create opportunities for decentralized finance (DeFi), but established exchanges may continue to maintain a competitive advantage. (CoinDesk)

Yuesen Semiconductor Sets IPO Date; US ITC Investigates Foxconn Industrial Internet

XM Semiconductor will list on the ChiNext board on October 13 at a price of RMB 12.01 per share; the U.S. International Trade Commission has initiated a Section 337 patent investigation against Foxconn Industrial Internet. Internationally, the IEA recommended assessing the release of diesel, while Russia and Ukraine exchanged conditions for an energy ceasefire.

US Treasury Secretary says Trump expects no military conflict before midterm elections.

US Treasury Secretary Bessent stated that President Trump does not expect any military conflicts to occur before the midterm elections, a remark that sets the tone for the White House's short-term security policy.

Coldcard Investigates Phishing Link Incident on Official X Account

Coldcard discovered that its official X account posted a phishing link and is investigating the cause of the breach, having previously always maintained strict security measures for the account.

Analyst Darkfost Lists Suspected High-Risk Ledger Resellers, Warns Users to Watch for Supply Chain Risks

Odaily News: Crypto analyst Darkfost posted that following the security incident involving Ledger reseller CryptoBilis, other potentially related reseller names have emerged in community discussions, including some Lazada merchants.Darkfost stated that the full scope of the incident remains difficult to confirm. Although Ledger has confirmed a connection to the CryptoBilis incident, it is still unclear whether CryptoBilis is the only affected reseller. He compiled a list of potentially risky Ledger resellers, noting that due to their regional proximity, there is a possibility that their supply chains were compromised simultaneously. However, Darkfost emphasized that these assessments are speculative and have not yet been confirmed.Darkfost advised that if users have purchased Ledger devices from the relevant resellers within the past 6 months, they may consider moving their assets to other secure devices before the investigation concludes. He also noted that users can refer to a guide published by security researcher MagicalTux to check their Ledger devices for signs of tampering.

Argentina's Central Bank Will Not Push for Crypto Integration into Banking and Payment Systems in the Next Two Years

Odaily reports: Juan Curutchet, head of financial and foreign exchange institution supervision at the Central Bank of Argentina (BCRA), stated that it will not push for the integration of cryptocurrencies and digital assets into banking and payment channels in the next two years. The ban on crypto services by financial institutions introduced in 2022 will remain in effect.Juan Curutchet pointed out that Argentina's current economic fragility is insufficient to support the advancement of such measures. Whether the ban will be lifted in the future depends on economic conditions, and the relevant topic may be discussed during a second Milei term.Despite the ban remaining in place, Argentine banking groups are advancing institutional stablecoin projects through independent entities, aimed at programmable money, treasury management, payments triggered by on-chain events, and collateralized credit management.In the 12 months ending June 30, cryptocurrency transaction value in Argentina exceeded $88.5 billion, making it the second-largest crypto hub in Latin America. (Bitcoin.com News)

美 AI 模型向警方提交虚假案件线索

据 CCTV 国际时讯报道,美国人工智能公司 Anthropic 旗下 AI 模型"Claude Haiku 4.5"于今年 7 月自动访问费城警方未破命案征集信息网页,并填写表格声称"可能掌握案件有关信息",但未留姓名及联系方式。该表格随后被警方标记为垃圾信息,未触发调查。Anthropic 于10月 9 日发布报告披露此事,并提前通知费城警方。警方表示此前对此事毫不知情,称该事件"不可接受",并要求科技公司必须采取必要措施,防止其 AI 系统向执法部门提交虚假信息。

CFTC New Rules: Prediction Markets Classified as Derivatives, Excluding Casino Gambling

The CFTC has issued two new proposals defining contracts on events such as sports and politics as “swap” products under federal law, bringing them under regulatory oversight, while excluding traditional casino gambling from the definition of derivatives, thereby addressing multi-state litigation and consolidating federal jurisdiction.

Japanese police arrest 6 crypto money laundering suspects, involving funds of approximately $580,000

According to Jiji Press and TBS, Japanese police have arrested six individuals suspected of using cryptocurrency to launder money for a fraud syndicate. Police investigations show the group allegedly processed approximately 91 million yen (about $580,000) in scam funds between February and March 2024, affecting around 30 victims. The funds were first deposited into a corporate bank account, exchanged for BTC, converted to USDT through overseas channels, and transferred back to the fraud ring, with those involved reportedly taking a 1% commission.

COLDCARD Official Account Hit by Suspected Platform-Level Breach, Phishing Link Post Deleted

Hardware wallet manufacturer COLDCARD announced that its official X account previously shared a post containing a phishing link, which has now been deleted. The account has utilized offline 2FA since 2017 with strictly restricted access. The team has contacted the X platform and is currently auditing all account permissions, with further verification updates to be released later. COLDCARD noted that no login, session, or access logs were detected, and both credentials and offline 2FA remain secure. They suspect potential unauthorized platform-level or administrator-level access and are demanding an immediate investigation while preserving relevant logs.

Suspected Platform-Level Breach: COLDCARD Official X Account Posts Phishing Link

Odaily reports: Bitcoin News posted on X that hardware wallet manufacturer COLDCARD stated its official X account had published a fake security advisory directing users to a phishing website disguised as a wallet migration guide; the post has been deleted, but no corresponding login, session, or access records were found. COLDCARD said its credentials and offline two-factor authentication remain secure, leading it to suspect that the attacker may have obtained X platform-level or administrator privileges, and it has asked X's security team to investigate urgently. The company also mentioned unverified reports of X administrator accounts being sold on darknet markets, but has not yet found a connection to this incident.

US Treasury Secretary Bessent Rebuts Warren: Treasury Buyback Program Is Not "Unprecedented"

U.S. Treasury Secretary Bessent wrote to Senator Elizabeth Warren in response to her questions regarding Treasury-related policies, noting that her understanding of the financial markets is "lacking a factual basis," and criticizing her previous support for the Biden administration’s spending policies while attributing economic consequences to the Federal Reserve rather than fiscal policy. In response to Warren’s claim that recent U.S. “interventions are unprecedented,” Bessent stated in the letter that the relevant Treasury repo program has been in operation since May 2024 and has been welcomed by market participants. The program aims to enhance liquidity in the U.S. Treasury market, reduce market volatility, improve the Treasury convenience yield, and deliver greater value to taxpayers. Tax policies driven by the Trump administration are currently benefiting households and workers, including tax exemptions for overtime and tip income, an additional deduction for seniors, and the child tax credit.

Korean domestic crypto projects continue to migrate overseas due to a regulatory gap in the ICO ban, as experts call for a basic law to clarify return standards.

According to reports from South Korean media outlet Dailian, the Digital Asset Exchange Association (DAXA) released the "2026 Digital Asset Policy Compilation." Professor Jo Jae-woo of Seoul National University pointed out that since the 2017 ICO ban, domestic crypto projects in South Korea have continuously relocated their issuing entities and operational foundations overseas due to regulatory gaps. Token issuance for Klaytn is handled by a Singaporean legal entity, while WEMIX under Wemade similarly uses a Singaporean corporation as its issuer. Subsequently, Metabora relocated to Dubai and NeoFin moved its foundation to Abu Dhabi, further exacerbating the trend of industry outflow. Experts highlighted that the regulatory disparity between domestic and foreign issuers, along with difficulties in opening corporate bank accounts, are key obstacles. They emphasized that "South Korea does not need more relaxed regulation, but clearer rules," calling on the Digital Asset Basic Act to clarify licensing standards for services such as issuance, custody, and verification, and to establish special procedures for repatriating core functions from overseas back to the country.

RippleX Responds to Critical XRPL Vulnerability: Theoretical Risk of XRP Over-Issuance, Now Patched

Odaily News: J. Ayo Akinyele, Engineering Lead at RippleX, posted on X platform stating that they take the recently disclosed critical vulnerability in the XRP Ledger (XRPL) payment engine very seriously. The vulnerability is a severe security issue that has existed in the codebase for over 10 years and could theoretically lead to the over-creation of XRP, breaching the fixed supply cap. However, the vulnerability was discovered by security research firm Veria AI through Ripple's bug bounty program before it could be exploited.J. Ayo Akinyele further added that the Ripple team quickly developed and tested a fix, working closely with validator nodes to complete the network upgrade, and patched the vulnerability before its public disclosure. Currently, AI is changing the speed of vulnerability discovery, and XRPL needs to further enhance its security response capabilities. RippleX will strengthen its bug bounty program, expand AI-assisted vulnerability hunting and adversarial testing, review long-standing code in the payment engine, consensus mechanism, and P2P network, while advancing formal verification of critical modules and reducing potential risks through systematic security hardening. The goal is not just to fix a single vulnerability, but to identify and eliminate potential risks in XRPL's legacy code, making the network more difficult to attack.

A Malaysian man's crypto wallet was allegedly hacked, resulting in losses of approximately $3.05 million.

According to Bernama, a man in Perak, Malaysia, reportedly had his crypto wallet compromised, resulting in losses of approximately 12.47 million ringgit (roughly $3.05 million USD). The Perak state police chief stated that the victim discovered on the afternoon of October 9 that his digital assets had been transferred without authorization. Preliminary investigations indicate that the transactions were conducted via blockchain networks. Law enforcement is collaborating with the Cryptocurrency Unit of the Commercial Crime Investigation Department to trace the flow of funds and investigate those involved. The case is currently being investigated under Section 420 of the Malaysian Penal Code concerning fraud, while the specific attack method remains undisclosed.