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Bitcoin.com is a bitcoin exchange and cryptocurrency wallet developer. Since 2015, it has been focused on introducing newcomers to cryptocurrency, providing accessible educational materials, timely and objective news, and easy-to-use fully self-custodial products for buying, spending, trading, investing, and earning with crypto.
SEC Chair: Will Clarify Onchain Fundraising Rules Within Statutory Authority
Odaily reports: U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins stated that although the CLARITY Act was not passed by Congress, the SEC will still clarify onchain fundraising rules within its statutory authority.The U.S. Senate failed to advance the CLARITY Act on September 15 with a 49-50 vote, falling short of the required 60-vote threshold. Atkins has not yet disclosed what form the relevant guidance will take—whether exemptions, a registration pathway, or staff guidance.The SEC previously paved the way for tokenized stocks on September 17, and on September 25 published nine FAQs explaining the impact of token issuers' commitments on securities determinations. Commissioner Hester Peirce will depart on October 2, leaving the SEC with only two sitting commissioners, Atkins and Mark Uyeda. (Bitcoin.com News)
Kalshi in Talks to Raise $1 Billion at $40 Billion Valuation, with Sequoia Capital and Wellington Management Expected to Lead
Odaily News: Prediction market operator Kalshi is in negotiations for a $1 billion funding round at a target valuation of $40 billion. Existing investors Sequoia Capital and Wellington Management are in discussions to lead the round, with Tiger Global and Dragoneer Investment Group also participating in talks.The funding round has not yet been finalized, and the final list of investors and closing date have not been disclosed. Kalshi raised $300 million at a $5 billion valuation in October 2025, and completed a $1 billion funding round at a $22 billion valuation in May 2026.The U.S. Sixth Circuit Court of Appeals ruled against Kalshi on September 25 in lawsuits involving Ohio and Tennessee, allowing the two states to regulate its sports contracts under gambling laws. Kalshi argues that its products are regulated by the U.S. Commodity Futures Trading Commission. (Bitcoin.com News)
Michael Saylor: Calls for Using Digital Tokens to Help 10 Million New Companies Raise Capital
Michael Saylor stated that as AI changes how businesses are built, digital tokens can help 10 million new companies raise capital and reduce fundraising costs and delays. He advocates simplifying issuance rules while preserving disclosure and anti-fraud protections.Michael Saylor is the Executive Chairman of Bitcoin treasury company Strategy Inc. He proposed that companies could issue tokens with rules tailored to the type of issuance, and set disclosure requirements matched to risk, thereby reducing legal costs while preserving ownership protections and fraud accountability.The U.S. Securities and Exchange Commission (SEC) has separately proposed cryptocurrency issuance exemptions, one of which would allow eligible issuers to raise up to $5 million within four years, and another that would allow up to $75 million every 12 months; both remain proposals and come with disclosure and anti-fraud requirements. (Bitcoin.com News)
MoonPay to Acquire North Capital in All-Stock Deal Valued at Over $60 Million
Odaily News: Fintech company MoonPay has signed a definitive merger agreement to acquire North Capital Investment Technology, a private markets technology and regulated brokerage services platform. The transaction is an all-stock deal reportedly valued at over $60 million, and upon completion, North Capital will become a wholly-owned subsidiary of MoonPay.The deal will integrate North Capital's securities brokerage, investment advisory, and clearing capabilities into MoonPay's global infrastructure. North Capital owns multiple entities registered with the U.S. Securities and Exchange Commission (SEC), including a broker-dealer, an alternative trading system PPEX ATS, a transfer agent, and an investment advisor.North Capital provides technology, custody, custodial accounts, and secondary trading services for private securities issuers, fund managers, and institutional investors. The platform has facilitated over $8.7 billion in cumulative primary and secondary trading volume; PPEX supports secondary trading for over 1,250 approved assets. The transaction has been unanimously approved by both companies' boards of directors and remains subject to customary closing conditions and regulatory approvals. (Bitcoin.com News)
Brazil to Require Reporting of Self-Custodial Wallet Transfers Above $10,000, Bans Unauthorized Crypto Service Providers from Operating
Odaily News: The Central Bank of Brazil has issued Resolutions No. 588 and No. 589, requiring virtual asset service providers (VASPs) to report inbound and outbound transactions involving self-custodial wallets valued at or above $10,000, while strengthening anti-money laundering and counter-terrorism financing oversight.Resolution No. 588 stipulates that relevant transaction data will be submitted to the Financial Activities Control Council (COAF). The agency may use this information to organize transactions and establish a database of self-custodial addresses, recording the asset holdings of Brazilian users who hold crypto assets through authorized centralized exchanges.Resolution No. 589 prohibits conducting business with virtual asset service organizations or entities operating in Brazil without authorization. The new regulations will take effect on October 1, 2026. Currently, only 5 VASPs have applied for licenses to operate in Brazil. (Bitcoin.com News)
Typesafe AI Opens Jev Model, Monad Engineer Uses It to Build 300-Millisecond On-Chain Trading Bot
Odaily reports: AI model developer Typesafe AI has announced the opening of its System One model Jev, removing the waitlist and giving each new user $5 in credits. The project has been developed in stealth for two years and has raised $40 million in cumulative funding.Jev does not support chat; it only accepts facts and closed-ended questions, returning probabilistic results within 70 to 500 milliseconds. Input pricing is $0.042 per million tokens, and output is free. It can answer questions such as buy or sell, yes or no.In a Bitcoin price prediction test, Jev estimated a 55% probability that Binance's one-minute K-line would reach $85,000 before 2027, with probabilities of 48% and 34% for reaching $90,000 and $100,000, respectively; the corresponding Polymarket market probability for $85,000 was 81%.On September 16, Monad Chief AI Engineer Jarrod Watts connected Jev to price data and built a trading bot that submits limit orders to the Kuru on-chain order book approximately every 300 milliseconds. The bot can decide whether to buy or sell based on Jev's judgments and has been open-sourced on GitHub as jarrodwatts/jev-trader. (Bitcoin.com News)
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)
Lithuania Updates Crypto Asset User Reporting Rules, EU-Wide Implementation Kicks Off in 2026
the State Tax Inspectorate of Lithuania has updated the user reporting procedures for crypto asset service providers. Through Order No. VA-63, it has clarified the reporting scope and operational standards, aligning the country's rules with the EU's DAC8 and the OECD's Crypto-Asset Reporting Framework (CARF).The new rules require regulated crypto asset service providers and local crypto operators to enhance customer due diligence, collect user identity, transaction records, and tax residency information, and maintain records of customer identification numbers, transaction logs, and account balances. Entities that have already completed registration and reporting obligations in other EU member states may be exempt from duplicate reporting in Lithuania.Full operational reporting across the EU will begin on January 1, 2026, with data collected by platforms in 2026 to be automatically exchanged among member state tax authorities starting mid-2027. The new rules do not change Lithuania's virtual asset capital gains tax rate, but relevant institutions will need to update their client onboarding processes and back-end systems.Starting March 2, certain transactions involving electronic money tokens (EMTs) will require additional payment service authorization, including transferring EMTs on behalf of clients and operating custodial wallets that support third-party transfers; exchanges between EMTs and exchanges between EMTs and fiat currency are not automatically classified as payment services. (Bitcoin.com News)
Franklin Templeton, with $1.79 trillion in AUM, explores regulatory exemptions for tokenized fund trading
Odaily News — Global investment management firm Franklin Templeton is exploring regulatory exemptions to allow tokenized money market funds and ETFs to trade through blockchain-based trading venues. On October 9, the company met with staff of the U.S. Securities and Exchange Commission (SEC) Crypto Task Force regarding legal issues including pricing, fees, and asset pools.The agenda included whether investors can exchange blockchain fund shares for tokenized National Market System (NMS) stocks through blockchain trading venues, and whether liquidity providers can charge service fees. The related issues involve pricing rules under the Investment Company Act and whether exemptions are needed.Regarding tokenized ETFs, Franklin Templeton also discussed pairing them with tokenized stocks, approved payment stablecoins, or tokenized money market funds, as well as whether liquidity pools need to obtain Investment Company regulatory exemptions. Its preliminary disclosure on September 30 listed assets under management at $1.79 trillion.Franklin Templeton's blockchain fund recordkeeping business began with the Franklin Onchain U.S. Government Money Fund launched in 2021. The BENJI token represents shares of the fund, and transferring tokens simultaneously transfers the corresponding shares, with transactions recorded and share ownership tracked by the Benji Technology Platform. (Bitcoin.com News)
Brazil's largest exchange B3 plans to launch a securities tokenization trading platform in the first half of 2027
Odaily News: Brazil's largest stock exchange, B3, is expected to launch a securities tokenization platform in the first half of 2027. The relevant tokenized securities will be interchangeable with traditional stocks and will share price and liquidity. The platform was originally scheduled to launch in the second half of 2026, but has now been adjusted to the first half of 2027.Humberto Costa, Director of Products and OTC Strategy at B3, stated that tokenized securities will be issued based on existing assets and will not be primarily issued on the blockchain, and trade settlement will still follow the current two-business-day settlement mechanism. Whether Brazilian Depositary Receipts and exchange-traded funds will be included in this infrastructure is still under evaluation.B3 also plans to launch its own stablecoin and will apply to the Central Bank of Brazil for authorization to conduct digital asset operations and custody business. Round-the-clock trading and instant settlement still require approval from Brazilian regulators or the establishment of a new regulatory framework. (Bitcoin.com News)
Armed Robbery in Pattaya, Thailand: Three Gunmen Force Chinese National to Transfer $820,000 in Cryptocurrency
Odaily News: An armed robbery occurred at a luxury residence near Pattaya, Thailand, where three armed individuals broke into a gated community and took control of a Chinese national holding Turkish citizenship, forcing him to open a safe and hand over cash and 3 luxury watches.The attackers also forced the victim at gunpoint to transfer $820,000 worth of cryptocurrency to one of their wallets, which was immediately sold afterward. After escaping, the victim reported the incident to the police, who have not yet confirmed the nationalities of the three suspects.Police Region 2 has launched an investigation and identified the getaway vehicle through surveillance footage; the vehicle was later abandoned in a remote area. Police are tracking the sold digital assets to identify the relevant accounts and recover the funds. Chainalysis estimates that over $30 million in cryptocurrency has been stolen in such violent robberies in the first half of 2026. (Bitcoin.com News)
Empire Market Co-Founder Sentenced to 40 Years, Agrees to Forfeit Approximately 1,230 Bitcoin
Odaily News: Raheim Hamilton, co-founder of darknet marketplace Empire Market, was sentenced to 40 years in federal prison on October 5 in Chicago and fined $5 million. His plea agreement covers approximately 1,230 Bitcoin, 24.4 Ether, and 3 properties in Virginia.Empire Market operated from 2018 to 2020, facilitating over 4 million transactions between buyers and sellers, with transaction values exceeding $430 million. Investigators seized $75 million worth of digital assets, cash, and precious metals in the case.The U.S. Department of Justice (DOJ) stated that the platform required buyers and sellers to use only cryptocurrency for transactions and encouraged the use of mixing services and encrypted communications. Buyers could also rate sellers on how well they concealed drug packages, with drug sales involved in the case approaching $375 million. (Bitcoin.com News)
Hyperliquid Whale Holds $32.36M Bitcoin Short Position, 13x Leverage, Entry Price $82,863
Odaily News — A whale trader on Hyperliquid holds a short position of 391.48 BTC, valued at $32.36 million, with an average entry price of $82,863.10. The account has $7.19 million in equity, uses cross margin with 13x leverage, and has a liquidation price of $99,801.20.According to Hyperbot data, the account has executed a total of 4,726 trades, with perpetual contract profits of $952,200 over the past week and a maximum drawdown of 11.03%. As of the time of disclosure, the short position is profitable by approximately $75,500, with funding fees of $64,249.75.This position emerged on the one-year anniversary of the massive crypto market liquidation event on October 10, 2025. Hyperliquid's Bitcoin market open interest is approximately 38,040 BTC, with this account's position accounting for about 1% of it.Coinglass data shows that if Bitcoin rises to $85,000, approximately $3.3 billion in short positions would face liquidation. Polymarket data indicates that the probability of Bitcoin reaching $100,000 before December 31, 2026, is 27.5%. On October 9, spot Bitcoin ETFs saw net inflows of $21.13 million, with BlackRock's IBIT leading the way. (Bitcoin.com News)
Armed Robbery in Pattaya, Thailand: Three Gunmen Force Chinese National to Transfer $820,000 in Cryptocurrency
Odaily News: An armed robbery occurred at a luxury residence near Pattaya, Thailand, where three armed individuals broke into a gated community and took control of a Chinese national holding Turkish citizenship, forcing him to open a safe and hand over cash and 3 luxury watches.The attackers also forced the victim at gunpoint to transfer $820,000 worth of cryptocurrency to one of their wallets, which was immediately sold afterward. After escaping, the victim reported the incident to the police, who have not yet confirmed the nationalities of the three suspects.Police Region 2 has launched an investigation and identified the getaway vehicle through surveillance footage; the vehicle was later abandoned in a remote area. Police are tracking the sold digital assets to identify the relevant accounts and recover the funds. Chainalysis estimates that over $30 million in cryptocurrency has been stolen in such violent robberies in the first half of 2026. (Bitcoin.com News)
Polymarket sues Dutch gambling regulator, seeks to overturn prediction market ban
Odaily News: Polymarket has filed a lawsuit in a Dutch court seeking to overturn a ban imposed by the Dutch gambling regulator on its prediction market. The company argues that its event contracts are derivatives and should be regulated by the Dutch Authority for the Financial Markets (AFM), rather than the Dutch Gaming Authority (KSA).On January 20, the KSA ordered Polymarket to cease providing services to Dutch users within four weeks or face weekly fines of €420,000, up to a maximum of €840,000. The KSA stated that inspectors had registered an account through a Dutch IP address, topped up €10 using a Dutch bank account, and purchased $1 worth of "Yes" shares in the "Next Dutch Prime Minister" market.Polymarket said it implemented IP blocking on February 18, but the KSA determined that the measure came one day after the deadline and decided to impose a €420,000 fine. On June 23, the KSA dismissed Polymarket's objection, noting that Dutch law prohibits betting on non-sporting events and that licensed operators are also not permitted to accept cryptocurrency payments. (Bitcoin.com News)
Over $6 Million in Assets Stolen from Base Anonymous Multisig Vault, 7 Signer Identities Unknown
A crypto asset vault on Base had approximately 1,783 wstETH transferred out on October 4, resulting in losses exceeding $6 million. On-chain records show that the vault is controlled by a 3-of-7 Safe, and the identities of the seven signers have not yet been made public.Security firms stated that the attacker borrowed aBaswstETH from the vault and swapped it for wstETH through Aave. Neither the Base chain itself nor Aave's core contracts have been identified as being exploited, and the specific authorization vulnerability remains unconfirmed. (Bitcoin.com News)
Andrew Tate-linked wallet transfers $1.87 million in HYPE to Binance, cumulative profit reaches $7.24 million
Odaily News: According to on-chain tracking platform Lookonchain, a wallet tagged as an Andrew Tate-linked address transferred 20,950 HYPE, worth approximately $1.87 million, to Binance on October 2.The wallet purchased 122,826.9 HYPE at an average price of $4.48 on November 29, 2024, investing approximately $550,000; it sold 41,430 HYPE within two days, with most of the remainder used for staking.Lookonchain estimates that this address's HYPE holdings have generated a cumulative profit of $7.24 million, representing a return rate of 1317%. The address still holds 42,417 HYPE, valued at approximately $3.7 million at the time based on the then-current price. (Bitcoin.com News)
$457M in Bitcoin Dormant Addresses Moved 5,419 BTC
Odaily News: In September, long-dormant Bitcoin addresses transferred out 5,419.45 BTC, worth approximately $457 million, involving 94 transactions. The transfer volume was lower than August's 6,427.59 BTC but higher than July's; among them, wallets created in 2016 transferred out 1,556.53 BTC across 13 transactions.Wallets created in 2013 transferred out approximately 888.91 BTC across 26 transactions. Another roughly 57 transfers involved Bitcoin that had been dormant for 12 to 16 years; September 6 saw the highest transfer volume, reaching 1,620.39 BTC. (Bitcoin.com News)
Second hacked, loses 0.75 BTC, user funds unaffected
Odaily reports: Second, a project built on Ark Protocol, disclosed that its server was exploited in an attack on Monday, resulting in the loss of 0.75 BTC of its own funds, worth approximately $62,300. The team stated that user funds were not affected and that the issue was fixed within hours.The attacker subsequently continued attempting to withdraw more funds from the project and launched a denial-of-service attack. On Tuesday, Second said the attack may have degraded the ability of Bark-based wallets to receive Lightning Network transfers.Second stated that the vulnerability was in the Ark server's boarding process, where an attacker could register and exit the relevant boards using only their own signature, while simultaneously spending the same batch of VTXOs in the node via the Lightning Network. The attacker also attempted to use bitcoin linked to the Blink Wallet security breach on September 19, but was unsuccessful. (Bitcoin.com News)
Drift Hack Victims Begin Redemptions, $3.11M Recovery Pool Pays Out Only About 1 Cent per Dollar
victims of the Drift hack, a perpetual contract exchange on Solana, began filing claims on October 1. The recovery pool's initial funding stands at approximately $3.11 million against nearly $295.4 million in verified losses. Victims can redeem USDT through DFX tokens, with each $1 of loss converting to roughly 1.04 cents at launch, meaning a $1,000 loss corresponds to about $10.40.The total supply of DFX is fixed at 299,500,810.998 tokens, with each token corresponding to $1 of verified loss from the April incident, and no additional tokens will be minted. Holders can choose to burn DFX to redeem USDT, sell on secondary markets such as Raydium, or continue holding their claims. Completed redemptions are irreversible, and unclaimed tokens will expire after the claims window closes on January 1, 2028.Future funding for the recovery pool includes a portion of daily net protocol revenue from Velocity, the rebranded exchange rebuilt by Drift, up to $127.5 million in USDT committed by Tether, $20 million in USDT committed by strategic partners, and recovered stolen assets. On the first Friday after claims opened, approximately 216,480 DFX tokens were redeemed for about 2,250 USDT, with Velocity's first revenue transfer amounting to 31 USDT; approximately 13,025.9 ETH is spread across 4 Ethereum wallets, another approximately 2,309.4 ETH passed through Tornado Cash, and about $9.2 million in assets have been frozen at other addresses. (Bitcoin.com News)
Over $6 Million in Assets Stolen from Base Anonymous Multisig Vault, 7 Signer Identities Unknown
A crypto asset vault on Base had approximately 1,783 wstETH transferred out on October 4, resulting in losses exceeding $6 million. On-chain records show that the vault is controlled by a 3-of-7 Safe, and the identities of the seven signers have not yet been made public.Security firms stated that the attacker borrowed aBaswstETH from the vault and swapped it for wstETH through Aave. Neither the Base chain itself nor Aave's core contracts have been identified as being exploited, and the specific authorization vulnerability remains unconfirmed. (Bitcoin.com News)
Zano Blockchain Rolled Back 30 Days Due to Over $200 Million in Illicit Tokens
Zano disclosed a validation flaw in the Gateway Addresses introduced by Hard Fork 6. An attacker minted approximately 18.4 million ZANO in a single transaction on August 29, then minted an equal amount again on September 25, and minted fUSD in the same manner.The project team stated that the value of the illicit tokens involved exceeds $200 million, with potentially affected activity involving 117,941 outputs and 65,301 transactions. Zano has restored the chain state from block 3,833,000 and disabled Gateway Addresses. All affected balances will be fully restored, and the ZANO supply and issuance schedule will remain unchanged. (Bitcoin.com News)
$900,000 Bitcoin Theft Case: US Seeks Forfeiture of 110,300 USDT
Odaily News: The U.S. Attorney's Office for the District of Massachusetts filed a civil forfeiture lawsuit on September 28, seeking the forfeiture of 110,300 USDT seized from a Binance account. The case involves phishing text messages impersonating Coinbase, which led to the theft of 33.7 bitcoins, worth approximately $900,000 at the time, from a beneficiary and their family trust held in the same Coinbase account.Investigators said that between June 5 and June 15, 2023, 11.2 of the stolen bitcoins were traced to the Binance account and were quickly converted into Monero. When the FBI requested the account be frozen, it held approximately 758.55 Monero; Binance transferred 110,300 USDT to a government-controlled wallet on August 3, 2026. (Bitcoin.com News)
Zano Completes 30-Day Blockchain History Rollback and Releases Hotfix, Network Now Running Stably on Updated Chain
Odaily reports: The privacy-focused public chain Zano team has stated that in response to the inflation vulnerability discovered last Friday, a hotfix has been deployed, and the network is now running stably on the updated chain. The chain previously rolled back the block height to 3,833,000, erasing 30 days of previously confirmed transaction records.The Zano team stated that third-party wallets, exchanges, and payment service providers must first update their own nodes to the updated chain before they can safely resume transfers of ZANO and Zano-issued assets. Service providers will announce recovery progress through official channels, and recovery procedures for affected users are being prepared.The native asset ZANO has dropped 32% in price this week and 40.6% since the start of 2026. Zano's official X account stated that users can update their iOS, Android, and desktop wallets, and the team will soon release more details on the recovery process. (Bitcoin.com News)
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)
Papertrade.xyz Attracts $118 Million in Deposits, Offers Up to 1000x Leverage
Odaily News — Papertrade.xyz, a synthetic perpetual contract DEX built on Hyperliquid HyperEVM, has attracted $118 million in deposits, reaching a total value locked (TVL) of $118 million, with the platform supporting up to 1000x leverage.As of 11:45 AM ET on October 10, data from Papertrade.xyz shows that the platform's 2,349 positions have open interest of approximately $11 billion, but the funds backing these positions amount to only $54 million.The platform does not charge slippage, funding rates, spreads, or traditional notional trading fees. Trades are executed through synthetic swaps between users and a shared protocol liquidity pool. Losing traders receive PAPER tokens, while profitable traders may experience delayed withdrawals when liquidity is insufficient.Papertrade.xyz was founded by Jez and Blurr, who operate under partial anonymity. The project also sold 100 pairs of custom paper pants at $2,000 each, which sold out in approximately 40 minutes, generating $200,000 in sales. (Bitcoin.com News)
Lithuania Updates Crypto Asset User Reporting Rules, EU-Wide Implementation Kicks Off in 2026
the State Tax Inspectorate of Lithuania has updated the user reporting procedures for crypto asset service providers. Through Order No. VA-63, it has clarified the reporting scope and operational standards, aligning the country's rules with the EU's DAC8 and the OECD's Crypto-Asset Reporting Framework (CARF).The new rules require regulated crypto asset service providers and local crypto operators to enhance customer due diligence, collect user identity, transaction records, and tax residency information, and maintain records of customer identification numbers, transaction logs, and account balances. Entities that have already completed registration and reporting obligations in other EU member states may be exempt from duplicate reporting in Lithuania.Full operational reporting across the EU will begin on January 1, 2026, with data collected by platforms in 2026 to be automatically exchanged among member state tax authorities starting mid-2027. The new rules do not change Lithuania's virtual asset capital gains tax rate, but relevant institutions will need to update their client onboarding processes and back-end systems.Starting March 2, certain transactions involving electronic money tokens (EMTs) will require additional payment service authorization, including transferring EMTs on behalf of clients and operating custodial wallets that support third-party transfers; exchanges between EMTs and exchanges between EMTs and fiat currency are not automatically classified as payment services. (Bitcoin.com News)
NCUA Proposes 26 New Stablecoin Reporting Fields
Odaily report: The U.S. National Credit Union Administration (NCUA) released a stablecoin reporting proposal on October 9, which would add 26 new data fields to the quarterly financial report Form 5300, applicable to federally insured credit unions engaged in stablecoin business, with a target reporting implementation date of March 31, 2027.Among the proposed new fields, 8 involve reserve assets held for authorized third-party issuers, 9 involve cryptographic key custody and control, 5 involve financial exposure to issuers, and 4 involve payment stablecoins held on institutional balance sheets.The information collection is expected to cover 4,224 federally insured credit unions, with an annual reporting burden of 794,112 hours, and a complete quarterly report requiring an average of 47 hours. The NCUA will seek public comment before December 8, and the feedback will be publicly submitted as part of the approval application. (Bitcoin.com News)
Robin Linus Realizes Satoshi's Unfinished Poker Vision: Bitcoin Poker Requires Over 56,000 Transaction Tree Nodes
Odaily News: Researcher Robin Linus has released the Bitcoin Poker protocol, expanding the unfinished poker interface that Satoshi Nakamoto left in Bitcoin's early code in 2008 into a runnable solution. The protocol supports two players in Texas Hold'em without a dealer, using Bitcoin's existing rules to handle gameplay and fund settlement.Bitcoin Poker generates card faces through secret information jointly provided by both parties, generating only the 9 cards needed per hand, and uses cryptographic commitments and zero-knowledge proofs to maintain fair dealing. The protocol can check for duplicate cards, and the probability of a randomly generated hand passing the check is approximately 48%, requiring an average of 2.08 attempts.The protocol pre-builds a transaction tree for possible game outcomes, with a reference configuration containing 56,132 logical nodes and approximately 8.4 MB of preparation data. Normal gameplay occurs off-chain, with transactions used only to handle disputes when cooperation breaks down.If one party refuses to continue, a timeout mechanism can settle the committed pot after a specified delay and return the departing party's unused balance, but cannot force players to reveal their cards. The design requires no modifications to Bitcoin's consensus rules, supports only two participants, and still requires independent security review. (Bitcoin.com News)
Solana's x402 Launches USDC Batch Payments, BlockRunAI Says It Can Save Over $20,000 Per Month
Odaily Report: Blockchain platform Solana has launched x402 batch payment functionality through PayAI Network and BlockRunAI, enabling AI agents to initiate multiple USDC payments and settle them all through a single on-chain transaction.BlockRunAI has already applied this technology to its AI model routing service. The company states that by consolidating multiple model calls into a single USDC settlement, it can save over $20,000 per month in network fees and reduce latency by approximately 10x; its service provides access to over 113 AI models through a single endpoint.Solana development organization Anza stated that the upgrade to ultimately reduce Solana's block time to 200 milliseconds is expected to go live around 15:00 UTC on October 9, having previously been gradually reduced from 400 milliseconds to 350, 300, and 250 milliseconds. (Bitcoin.com News)
Related news
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)
Papertrade.xyz Attracts $118 Million in Deposits, Offers Up to 1000x Leverage
Odaily News — Papertrade.xyz, a synthetic perpetual contract DEX built on Hyperliquid HyperEVM, has attracted $118 million in deposits, reaching a total value locked (TVL) of $118 million, with the platform supporting up to 1000x leverage.As of 11:45 AM ET on October 10, data from Papertrade.xyz shows that the platform's 2,349 positions have open interest of approximately $11 billion, but the funds backing these positions amount to only $54 million.The platform does not charge slippage, funding rates, spreads, or traditional notional trading fees. Trades are executed through synthetic swaps between users and a shared protocol liquidity pool. Losing traders receive PAPER tokens, while profitable traders may experience delayed withdrawals when liquidity is insufficient.Papertrade.xyz was founded by Jez and Blurr, who operate under partial anonymity. The project also sold 100 pairs of custom paper pants at $2,000 each, which sold out in approximately 40 minutes, generating $200,000 in sales. (Bitcoin.com News)
Strive expects to raise approximately $55 million through SATA preferred stock, an amount sufficient to purchase about 638 bitcoins
Odaily News: Strive's SATA preferred stock issuance is expected to raise approximately $55 million for the week ending October 5. At a bitcoin price of approximately $82,800, this amount is sufficient to purchase about 638 bitcoins. Total SATA trading volume for the week was approximately $317 million.SATA traded above its $100 par value on Monday and for most of Tuesday, but fell below par value from Wednesday through Friday, with issuance activity expected to pause accordingly. The 8-K filings submitted by Strive and Strategy on Monday will confirm the actual number of bitcoins purchased with the related funds.As of October 2, Strive held 29,462 bitcoins, having purchased 2,000 bitcoins between September 28 and October 2 at an average price of approximately $84,422. Strategy did not sell any STRC between September 28 and October 4, and only acquired 334 bitcoins through the sale of MSTR common stock. (Bitcoin.com News)
Hyperliquid Whale Holds $32.36M Bitcoin Short Position, 13x Leverage, Entry Price $82,863
Odaily News — A whale trader on Hyperliquid holds a short position of 391.48 BTC, valued at $32.36 million, with an average entry price of $82,863.10. The account has $7.19 million in equity, uses cross margin with 13x leverage, and has a liquidation price of $99,801.20.According to Hyperbot data, the account has executed a total of 4,726 trades, with perpetual contract profits of $952,200 over the past week and a maximum drawdown of 11.03%. As of the time of disclosure, the short position is profitable by approximately $75,500, with funding fees of $64,249.75.This position emerged on the one-year anniversary of the massive crypto market liquidation event on October 10, 2025. Hyperliquid's Bitcoin market open interest is approximately 38,040 BTC, with this account's position accounting for about 1% of it.Coinglass data shows that if Bitcoin rises to $85,000, approximately $3.3 billion in short positions would face liquidation. Polymarket data indicates that the probability of Bitcoin reaching $100,000 before December 31, 2026, is 27.5%. On October 9, spot Bitcoin ETFs saw net inflows of $21.13 million, with BlackRock's IBIT leading the way. (Bitcoin.com News)
Lithuania Updates Crypto Asset User Reporting Rules, EU-Wide Implementation Kicks Off in 2026
the State Tax Inspectorate of Lithuania has updated the user reporting procedures for crypto asset service providers. Through Order No. VA-63, it has clarified the reporting scope and operational standards, aligning the country's rules with the EU's DAC8 and the OECD's Crypto-Asset Reporting Framework (CARF).The new rules require regulated crypto asset service providers and local crypto operators to enhance customer due diligence, collect user identity, transaction records, and tax residency information, and maintain records of customer identification numbers, transaction logs, and account balances. Entities that have already completed registration and reporting obligations in other EU member states may be exempt from duplicate reporting in Lithuania.Full operational reporting across the EU will begin on January 1, 2026, with data collected by platforms in 2026 to be automatically exchanged among member state tax authorities starting mid-2027. The new rules do not change Lithuania's virtual asset capital gains tax rate, but relevant institutions will need to update their client onboarding processes and back-end systems.Starting March 2, certain transactions involving electronic money tokens (EMTs) will require additional payment service authorization, including transferring EMTs on behalf of clients and operating custodial wallets that support third-party transfers; exchanges between EMTs and exchanges between EMTs and fiat currency are not automatically classified as payment services. (Bitcoin.com News)
NCUA Proposes 26 New Stablecoin Reporting Fields
Odaily report: The U.S. National Credit Union Administration (NCUA) released a stablecoin reporting proposal on October 9, which would add 26 new data fields to the quarterly financial report Form 5300, applicable to federally insured credit unions engaged in stablecoin business, with a target reporting implementation date of March 31, 2027.Among the proposed new fields, 8 involve reserve assets held for authorized third-party issuers, 9 involve cryptographic key custody and control, 5 involve financial exposure to issuers, and 4 involve payment stablecoins held on institutional balance sheets.The information collection is expected to cover 4,224 federally insured credit unions, with an annual reporting burden of 794,112 hours, and a complete quarterly report requiring an average of 47 hours. The NCUA will seek public comment before December 8, and the feedback will be publicly submitted as part of the approval application. (Bitcoin.com News)