Bitcoin.com
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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)
SEC Chair: More Crypto Regulations Coming to Keep Market in the US
Odaily reports: US Securities and Exchange Commission (SEC) Chair Paul Atkins stated that the SEC will continue advancing regulation of cryptocurrencies and digital securities, and will introduce more rules to ensure the digital asset market stays in the United States.On October 2, Paul Atkins said the SEC's proposed crypto asset custody regulatory framework aims to update rules established in 1940 that only apply to traditional asset custody and safekeeping. The move comes after the US Senate failed to pass the CLARITY Act last month.He noted that the framework is part of the SEC's efforts to build a comprehensive crypto asset regulatory system starting in 2025, following earlier proposals including Regulation Crypto Assets and the Innovation Exemption, the latter of which would establish a 5-year sandbox allowing US equities to be traded on decentralized exchanges and with liquidity providers.John Reed Stark, former head of the SEC's Office of Internet Enforcement, believes the regulatory push exceeds the SEC's authority and bypasses congressional power. Paul Atkins stated that more regulatory proposals are coming and that he will continue to assist President Trump in promoting the US as the global capital of cryptocurrency. (Bitcoin.com News)
Brazil's presidential election could influence crypto policy direction; if the incumbent wins, regulation and compliance requirements will be strengthened
Odaily reports: Brazil's presidential election will be held on October 4, and the result could influence the country's crypto policy direction (Brazil ranks first globally in crypto adoption). Incumbent President Lula is facing off against former President's son Flavio Bolsonaro. If incumbent President Lula is re-elected, regulation and compliance requirements are expected to be strengthened, and the central bank has already tightened oversight of exchanges; he may also push for taxation of stablecoin transactions (previously shelved due to the election). If former President's son Flavio Bolsonaro wins, his crypto stance is unclear, and there is no record indicating he has ever mentioned cryptocurrency. However, he previously defended someone associated with the "Bitcoin Pharaoh" pyramid scheme. (Bitcoin.com News)
Circle suggests EU revise MiCA rules for foreign stablecoins, remove bank deposit reserve requirement
Odaily News: USDC issuer Circle has submitted recommendations to the European Commission, advocating for revisions to the rules for foreign stablecoins under the Markets in Crypto-Assets Regulation (MiCA) and the establishment of a recognition mechanism for foreign issuers.Circle suggests that foreign stablecoin issuers should be primarily regulated by the authorities in their place of registration, and after obtaining equivalence recognition from relevant parties and the European Banking Authority (EBA), EU-licensed local entities would be responsible for distribution. This mechanism would also allow euro stablecoins to circulate in foreign jurisdictions.Circle also requested the removal of the requirement for e-money token issuers to hold 30% of reserve assets in commercial banks; for "significant" e-money tokens, the ratio is 60%. The company argues that this requirement increases exposure to banking credit risk and counterparty risk. (Bitcoin.com News)
Token Project Delays Token Delivery: Agreement Review and Dispute Procedures Required
Odaily News: When a token project fails to deliver tokens as agreed, investors need to review the signed agreements, attachments, amendments, and cover letters to confirm the legal entity bearing the obligation, the number of tokens or calculation method, delivery trigger events, vesting arrangements, and transfer restrictions.The projected launch date published by the project does not equate to a binding delivery deadline. When tokens have already been distributed to other participants, it is necessary to assess whether the delivery obligation has been triggered based on the agreement's definition of the token generation event, whether the investor has completed the prerequisites, and the project team's actual conduct.When a project requests an extension of the lock-up period, a reduction in allocation, a token swap, or a change in the responsible entity, investors should verify whether the contract authorization and amendment documents contain waiver of rights clauses. Investors may retain payment records, transaction hashes, wallet addresses, communication records, and project announcements, and review the notification, remediation, negotiation, arbitration, or litigation procedures. (Bitcoin.com News)
Bitwise Says CLARITY Act Stalling Benefits Four Types of Crypto Businesses
Odaily News: Bitwise Asset Management Chief Investment Officer Matt Hougan stated that after the Senate declined to advance the CLARITY Act on September 15, stablecoin platforms retain room to offer balance rewards to customers, and exchanges such as Coinbase also continue to maintain existing state-level licenses and advantages in integrating trading and brokerage operations.The U.S. Securities and Exchange Commission (SEC) issued a five-year exemption for tokenized stock trading on September 17, allowing qualifying platforms to adopt permissioned automated market makers and liquidity pools for testing. Hougan listed Securitize, which provides services for BlackRock, Apollo, and KKR tokenized funds, as a beneficiary.SEC staff updated token buyback guidance on September 28, stating that for networks that are already functional and have no centralized party, buyback announcements do not constitute a promise on which purchasers rely for expected profits; the guidance does not have legal effect. (Bitcoin.com News)
Microsoft X account hacked to promote Clippy-themed Meme coin
Odaily reports: Microsoft's official X account was accessed without authorization on Thursday, briefly following and promoting accounts linked to an unofficial Meme coin, reposting related tweets, and changing its profile picture to Clippy.The related content was deleted approximately 30 minutes later. Microsoft subsequently confirmed that the account had been secured, the unauthorized posts had been removed, and that it would continue investigating. Microsoft stated that it never authorized anyone to use its intellectual property, including Clippy, to promote tokens, and plans to take legal action.The token is named CLIPPY. The account Clippy MSFT had promoted a liquidity pool valued at over $200,000. Some promoters claimed it was backed by Microsoft's actual stock, but this claim has not been verified and has no official association with Microsoft. (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)
$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)
Binance sees over 13,800 BTC in single-day net outflows, the largest since 2023
Odaily reports: Cryptocurrency exchange Binance recorded net outflows of more than 13,800 BTC on September 22, the largest single-day net outflow since 2023. At prices at the time, the assets were worth about $1.15 billion. Binance's Bitcoin reserves fell from about 705,000 BTC to about 685,000 BTC within four days, a decline of about 20,000 BTC, worth about $1.66 billion.On-chain analyst Darkfrost said Binance's Bitcoin outflows are part of a broader accumulation trend, with some investors choosing to self-custody their Bitcoin. The outflows may also be related to institutional custody, internal wallet management, and other operational arrangements, and cannot be viewed on their own as proof of accumulation behavior.Bitcoin pulled back after a recent rally and is currently holding in the $83,000 to $84,000 range, staying above $83,000. Market participants are watching whether this price level can continue to find support and whether Binance's Bitcoin outflows and the decline in exchange reserves will persist. (Bitcoin.com News)
Grayscale Zcash ETF Assets Reach $1 Billion, Net Inflows Account for Less Than 30%
Odaily News — Digital asset management firm Grayscale's Zcash ETF (ZCSH) reached $1 billion in net assets as of September 24, with cumulative net inflows of $306.12 million, accounting for less than 30%. The fund began trading on NYSE Arca on August 25 and surpassed $500 million in assets within two weeks.ZCSH was renamed from Grayscale Zcash Trust, which was established in October 2017 and already held ZEC at the time of listing; meanwhile, the price of ZEC has roughly doubled since the ETF's listing, driving the fund's asset growth. On September 8, Grayscale's parent group DCG International Investments exchanged 85,705.32563297 ZEC for approximately $100 million in ZCSH shares. Excluding this non-cash transaction, external new capital amounted to approximately $200 million.Grayscale will implement a 3-for-1 forward split before market open on September 30, applicable to holders of record at the close of business on September 28. After the split, the net asset value per share is expected to drop to approximately one-third, the number of shares will triple, and the dollar value of holdings will remain unchanged. (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)
Zano rolls back to before the 6th hard fork, deleting about a month of on-chain transaction records
privacy blockchain project Zano has rolled back its blockchain to block height 3,833,000, before the 6th hard fork, deleting approximately one month of on-chain transaction records in order to address an inflation vulnerability involving Gateway Addresses.The vulnerability allowed unauthorized minting of the native token ZANO and the USD-pegged stablecoin fUSD. Zano stated that the core consensus protocol, wallet spending keys, and ordinary transaction privacy were not affected, and that nodes, miners, stakers, and service providers need to adopt the update.Freedom Dollar stated that millions of dollars in assets held by the project had been swapped into counterfeit fUSD, and that the related losses will be borne by the project. Freedom Dollar has asked fUSD holders to suspend economic activity involving the token until the stabilized Zano chain is confirmed after repairs. (Bitcoin.com News)
SEC Chair: More Crypto Regulations Coming to Keep Market in the US
Odaily reports: US Securities and Exchange Commission (SEC) Chair Paul Atkins stated that the SEC will continue advancing regulation of cryptocurrencies and digital securities, and will introduce more rules to ensure the digital asset market stays in the United States.On October 2, Paul Atkins said the SEC's proposed crypto asset custody regulatory framework aims to update rules established in 1940 that only apply to traditional asset custody and safekeeping. The move comes after the US Senate failed to pass the CLARITY Act last month.He noted that the framework is part of the SEC's efforts to build a comprehensive crypto asset regulatory system starting in 2025, following earlier proposals including Regulation Crypto Assets and the Innovation Exemption, the latter of which would establish a 5-year sandbox allowing US equities to be traded on decentralized exchanges and with liquidity providers.John Reed Stark, former head of the SEC's Office of Internet Enforcement, believes the regulatory push exceeds the SEC's authority and bypasses congressional power. Paul Atkins stated that more regulatory proposals are coming and that he will continue to assist President Trump in promoting the US as the global capital of cryptocurrency. (Bitcoin.com News)
Porsche Ends Web3 Project and PIONEERS CIRCLE, 911 NFT Cumulative Trading Volume Nears $20 Million
Odaily reports: Porsche announced on October 1 that it is ending its Web3 project and PIONEERS CIRCLE. The PORSCHE 911 NFT will remain in holders' wallets and on-chain, the PIONEERS Discord server will be converted to a read-only archive, and the @eth_porsche account will stop posting updates.The collection was originally planned to issue 7,500 pieces, with minting opening in January 2023 at 0.911 ETH each, and ultimately 2,363 pieces were minted. Porsche has not announced any token burn, buyback, migration, or redemption plans, and holders can still hold, transfer, or list their NFTs for sale.The PORSCHE 911 NFT has accumulated nearly $20 million in total trading volume, with approximately $38,000 in trading volume over the past year and about $2,900 over the past month. (Bitcoin.com News)
Token Project Delays Token Delivery: Agreement Review and Dispute Procedures Required
Odaily News: When a token project fails to deliver tokens as agreed, investors need to review the signed agreements, attachments, amendments, and cover letters to confirm the legal entity bearing the obligation, the number of tokens or calculation method, delivery trigger events, vesting arrangements, and transfer restrictions.The projected launch date published by the project does not equate to a binding delivery deadline. When tokens have already been distributed to other participants, it is necessary to assess whether the delivery obligation has been triggered based on the agreement's definition of the token generation event, whether the investor has completed the prerequisites, and the project team's actual conduct.When a project requests an extension of the lock-up period, a reduction in allocation, a token swap, or a change in the responsible entity, investors should verify whether the contract authorization and amendment documents contain waiver of rights clauses. Investors may retain payment records, transaction hashes, wallet addresses, communication records, and project announcements, and review the notification, remediation, negotiation, arbitration, or litigation procedures. (Bitcoin.com News)
Bitwise Says CLARITY Act Stalling Benefits Four Types of Crypto Businesses
Odaily News: Bitwise Asset Management Chief Investment Officer Matt Hougan stated that after the Senate declined to advance the CLARITY Act on September 15, stablecoin platforms retain room to offer balance rewards to customers, and exchanges such as Coinbase also continue to maintain existing state-level licenses and advantages in integrating trading and brokerage operations.The U.S. Securities and Exchange Commission (SEC) issued a five-year exemption for tokenized stock trading on September 17, allowing qualifying platforms to adopt permissioned automated market makers and liquidity pools for testing. Hougan listed Securitize, which provides services for BlackRock, Apollo, and KKR tokenized funds, as a beneficiary.SEC staff updated token buyback guidance on September 28, stating that for networks that are already functional and have no centralized party, buyback announcements do not constitute a promise on which purchasers rely for expected profits; the guidance does not have legal effect. (Bitcoin.com News)
Microsoft X account hacked to promote Clippy-themed Meme coin
Odaily reports: Microsoft's official X account was accessed without authorization on Thursday, briefly following and promoting accounts linked to an unofficial Meme coin, reposting related tweets, and changing its profile picture to Clippy.The related content was deleted approximately 30 minutes later. Microsoft subsequently confirmed that the account had been secured, the unauthorized posts had been removed, and that it would continue investigating. Microsoft stated that it never authorized anyone to use its intellectual property, including Clippy, to promote tokens, and plans to take legal action.The token is named CLIPPY. The account Clippy MSFT had promoted a liquidity pool valued at over $200,000. Some promoters claimed it was backed by Microsoft's actual stock, but this claim has not been verified and has no official association with Microsoft. (Bitcoin.com News)
Stand With Crypto endorses bipartisan candidates for midterm elections
Odaily reports: U.S. crypto advocacy group Stand With Crypto has announced its endorsement of a slate of bipartisan candidates for the midterm elections, including Ohio Republican Senator Jon Husted, Iowa Republican candidate Ashley Hinson, and New Hampshire Democratic candidate Chris Pappas. The group also endorsed more than 30 House members and candidates who have voted in favor of digital asset framework legislation.Stand With Crypto said it will run ads in 6 House races to support pro-crypto candidates. Previously, the U.S. Senate failed to secure the 60 votes needed to pass the CLARITY Act, which had passed the House last year. (Bitcoin.com News)
Related news
SEC Chair: More Crypto Regulations Coming to Keep Market in the US
Odaily reports: US Securities and Exchange Commission (SEC) Chair Paul Atkins stated that the SEC will continue advancing regulation of cryptocurrencies and digital securities, and will introduce more rules to ensure the digital asset market stays in the United States.On October 2, Paul Atkins said the SEC's proposed crypto asset custody regulatory framework aims to update rules established in 1940 that only apply to traditional asset custody and safekeeping. The move comes after the US Senate failed to pass the CLARITY Act last month.He noted that the framework is part of the SEC's efforts to build a comprehensive crypto asset regulatory system starting in 2025, following earlier proposals including Regulation Crypto Assets and the Innovation Exemption, the latter of which would establish a 5-year sandbox allowing US equities to be traded on decentralized exchanges and with liquidity providers.John Reed Stark, former head of the SEC's Office of Internet Enforcement, believes the regulatory push exceeds the SEC's authority and bypasses congressional power. Paul Atkins stated that more regulatory proposals are coming and that he will continue to assist President Trump in promoting the US as the global capital of cryptocurrency. (Bitcoin.com News)
SEC Approves 3x Bitcoin Futures ETF Listing
Odaily News: The U.S. Securities and Exchange Commission (SEC) has approved a rule change by Cboe BZX Exchange to allow investment management firm Volatility Shares LLC to issue a 3x Bitcoin futures ETF and five other leveraged commodity products.The product suite also includes a 3x Ether ETF, as well as gold, silver, crude oil, and natural gas products. The Bitcoin strategy aims to achieve 3x the benchmark's daily futures performance, before fees. A 1% increase in the benchmark corresponds to a 3% target gain, while a 1% decline corresponds to a 3% target loss.The products gain exposure through futures contracts rather than directly holding Bitcoin, and daily compounding may cause long-term performance to deviate from the benchmark's cumulative return. Trading of the products must commence after the registration statement becomes effective, with each product issuing at least 100,000 shares at market open and calculating the net asset value per share daily. (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)
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)
In the first half of 2026, listed Bitcoin mining companies collectively reduced mining machine investment by approximately $1.5 billion
Odaily reports: In the first half of 2026, listed Bitcoin mining companies reduced 75 EH/s of realized hashrate, which, at a purchase price of $20 per TH/s, corresponds to approximately $1.5 billion in mining machine investment. Some power resources were reallocated to AI infrastructure.Statistics from 12 companies show that asset impairment and write-downs classified as assets held for sale during the same period totaled approximately $1.1 billion, with IREN and Core Scientific accounting for nearly 89%. IREN recognized approximately $695 million in related impairment and write-downs from January to June 2026. (Bitcoin.com News)