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Cardano Foundation Spins Off Digital Identity Project Veridian as Independent Company
Odaily News: The Cardano Foundation has announced the spin-off of its digital identity project Veridian into an independent company, with its shares tokenized based on CIP-0113, a newly launched programmable token standard on the Cardano blockchain.It is reported that Veridian becomes the first company to adopt Cardano's programmable token standard for equity tokenization. Frederik Gregaard, CEO of the Cardano Foundation and Chairman of Veridian, stated that the company has issued a total of 1 million shares, with the majority already tokenized. However, these tokenized shares are not currently available for public sale.Headquartered in Switzerland, Veridian aims to provide digital identity verification tools for governments, enterprises, and AI agents, helping users prove their identity and verify online behavior. The company is led by Thomas A. Mayfield, a blockchain engineer who previously oversaw decentralized trust and identity solutions at the Cardano Foundation, and plans to seek strategic investors in 2027. (CoinDesk)
Ripple Prime Enters Leveraged ETF Financing Market
According to CoinDesk, Ripple Prime, the prime brokerage division under Ripple, has begun providing financing services for leveraged equity ETFs, charging financing fees to funds through total return swaps. This market was previously dominated by large banks and securities firms. In October 2025, Ripple acquired multi-asset brokerage Hidden Road for $1.25 billion, entering the clearing, financing, and cross-asset trading businesses. In August 2026, Ripple launched its Delta One business, offering total return swap products linked to U.S. equities, market indices, and digital assets, while maintaining over $1 billion in regulatory net capital and completing a $275 million senior notes issuance.
Anvil Completes $5 Million Governance Token Purchase, Led by Founders Fund
Odaily News — Crypto collateral protocol Anvil has announced the completion of a $5 million governance token purchase, led by venture capital firm Founders Fund, with participation from Pantera Capital, Theta Blockchain Ventures, Bullish, and Protoscale Capital.Anvil has launched a software development kit to help enterprises and financial institutions integrate its digital asset collateral technology without writing blockchain code. The protocol uses collateral to secure financial commitments, without requiring collateral providers to borrow or pay interest. (CoinDesk)
Analysts Predict 10-Year US Treasury Yields Will Rise to 6%, Bitcoin May Not Face Downward Pressure
According to CoinDesk, the 10-year U.S. Treasury yield has continued to climb, with some analysts forecasting it will reach 6% (it last hit this level in 2000). Markus Thielen, founder of 10x Research, emphasized that the drivers behind the yield increase are critical: if the rise stems from concerns over fiscal deficits and term premiums, investors may shift to alternative assets such as Bitcoin, constituting a bullish development; if it stems from the Federal Reserve resuming its rate-hiking cycle, it would repeat the 2022 scenario of Bitcoin plummeting 64%. Data shows that since the end of 2023, the 10-year yield has risen by 135 basis points to 5.23%, while Bitcoin’s price simultaneously doubled to around $86,000, validating the "decoupling" narrative between Bitcoin and Treasuries amid fiscal concerns. Dan Niles, founder of Niles Investment Management, also noted that the U.S. fiscal deficit accounts for approximately 6% of GDP. Coupled with tech giants undertaking large-scale fundraising that competes with Treasuries for the same pool of capital, yields will continue to be pushed higher.
Stablecoin payment company RedotPay completes financial audit, continues to advance US IPO plan
According to CoinDesk, Hong Kong-based stablecoin payment company RedotPay announced on Monday that it has completed its financial audit and anti-money laundering and counter-terrorist financing compliance review, both conducted by Big Four accounting firms, as a necessary preparatory step for applying to launch an initial public offering (IPO) in the United States.
RedotPay Completes Pre-IPO Financial Audit, Targets Valuation Above $5 Billion
Odaily News: Stablecoin payment company RedotPay has completed a financial audit as part of its preparations for an initial public offering (IPO). A U.S. listing requires the submission of audited financial statements.A RedotPay spokesperson stated that the company's IPO plans have not been delayed, and that previous claims suggesting legal and regulatory issues could push the listing to 2027 or later are inconsistent with this. A person familiar with the matter said the company is targeting a valuation of over $5 billion. (CoinDesk)
Up to 1.2 Billion Consumers in Asia-Pacific May Use Stablecoins by 2031
Odaily reports: A survey by payment technology company Visa shows that nearly half of consumers in the Asia-Pacific region may use stablecoins within the next five years, higher than the 16% who actually used stablecoins in the past year.The survey shows that only 6% of respondents accurately understand how stablecoins work, and concerns about fraud and scams remain the primary obstacle to stablecoin adoption. Consumer interest in using stablecoins for everyday spending, travel payments, and cross-border transfers is increasing. (CoinDesk)
US Commodity Futures Trading Commission Proposes to Bring Event Contracts Under Swaps Regulation
Odaily News: The U.S. Commodity Futures Trading Commission (CFTC) has issued one rule and proposed another, aiming to further clarify that event contracts constitute "swaps," thereby reinforcing Chairman Mike Selig's view that prediction market trading should be regulated solely by the agency.This move comes as the CFTC is engaged in legal disputes with multiple states over regulatory jurisdiction, with several federal rulings in these disputes having gone against the CFTC. (CoinDesk)
Darknet marketplace Empire Market co-founders sentenced to 40 years in prison, over $100 million in BTC confiscated
According to CoinDesk, Raheim Hamilton, co-founder of the dark web marketplace Empire Market, was sentenced to 40 years in federal prison and fined $5 million for operating the platform. According to information disclosed by the U.S. Attorney’s Office for the Northern District of Illinois, Hamilton agreed to forfeit 1,230 BTC (approximately $101 million), 24.4 ETH (approximately $60,000), and three properties.
US Senator Richard Blumenthal Investigates Cantor Fitzgerald's Relationship with Tether
Odaily News: Senator Richard Blumenthal, a senior Democrat on the U.S. Senate investigation panel, is continuing to investigate the financial relationship of stablecoin issuer Tether, and has sent a letter to Brandon Lutnick, CEO of financial services firm Cantor Fitzgerald, requesting information about the relationship between the two companies.Brandon Lutnick is the son of U.S. Commerce Secretary Howard Lutnick. After Howard Lutnick joined the administration of U.S. President Donald Trump, Brandon Lutnick took over his leadership role at Cantor Fitzgerald.Cantor Fitzgerald holds and manages Tether's reserve assets in the United States, and the two parties have multiple other business interests. (CoinDesk)
NFL Files Amicus Brief with U.S. Supreme Court, Opposing Federal Regulation of Prediction Markets
Odaily News: The National Football League (NFL) has joined the position opposing federal regulation of prediction markets such as Kalshi and Polymarket, and has filed an amicus brief with the U.S. Supreme Court. The related case may enter its final ruling stage.Several other briefs were submitted to the U.S. Supreme Court this week, including filings from former regulator Gary Gensler and former Senator Chris Dodd. Chris Dodd once championed a bill under which the U.S. Commodity Futures Trading Commission (CFTC) argues it should have final regulatory authority as the overseer of prediction markets. (CoinDesk)
Cardano Foundation Spins Off Veridian as Independent Company and Tokenizes Majority of Shares
Odaily News: The Cardano Foundation has spun off its digital identity project Veridian into an independent Swiss company and tokenized the majority of its 1 million shares on the Cardano blockchain.Veridian becomes the first company to adopt the Cardano CIP-0113 standard. This standard allows token issuers to impose transfer restrictions and freeze or seize assets to meet regulatory requirements.Veridian's mobile wallet is now live, and it is developing related credentials to help individuals, businesses, and AI agents verify identity and permissions without relying on centralized databases. (CoinDesk)
“Oct 11 Crash” First Anniversary: $19B Liquidation Warning Persists, Analysts Warn of Derivatives Leverage Risks
According to CoinDesk, it has been one year since the "October 11 crash" that triggered roughly $19 billion in leveraged liquidations across the crypto market, with analysts warning that the potential structural risks behind the flash crash persist. In October 2025, Bitcoin experienced a sudden flash crash within days of hitting an all-time high above $126,000, plummeting from approximately $122,000 to $105,000 in a short timeframe and triggering the mass liquidation of leveraged long positions.
US Treasury Volatility Index Surges as Analysts Warn Bitcoin and US Stocks May Face Volatility Risks
According to CoinDesk, volatility in the U.S. Treasury market continues to rise, while Bitcoin and U.S. stock market volatility remain at year-to-date lows. Market analysts warn that turmoil in the bond market may gradually spill over into risk assets.
Analysis: Bitcoin Fails Third Attempt to Break $87,000, Breakout Requires Stronger Buying Pressure
Odaily News: Bitcoin is facing selling pressure, marking its third rejection near $87,000 since September 23. FxPro analyst Alex Kuptsikevich noted that since early last week, BTC has formed a pattern of "rising local lows," but bulls have yet to gain sufficient upward momentum. The price is now approaching the apex of a triangle formed by horizontal resistance and an ascending support line. A breakout from this pattern could bring greater volatility to the market.The total crypto market capitalization has fallen back to approximately $2.93 trillion. Meanwhile, U.S. equities have shown relative strength, with the Nasdaq 100 hitting a record closing high and the S&P 500 less than 0.5% away from its all-time high. However, U.S. Treasury yields continue to climb, with the 10-year yield rising to 5.32%, near its highest level since 2002.Market observers believe that for BTC to break through $87,000, sufficient buying pressure is needed to absorb the persistent selling near that level. Once it holds above this threshold, it could open further upside toward its near 8-month high. (CoinDesk)
Bitget hacker transfers $3.9 million in ZEC into Zcash privacy pool
Odaily reports: A wallet linked to the $387.5 million Bitget exploit transferred 2,746 ZEC into Zcash's Ironwood privacy pool on Wednesday across three transactions, worth approximately $3.9 million.The funds account for roughly 15% of the ZEC stolen on September 24. The Ironwood privacy pool can conceal the sender, recipient, and transfer amount, but investigators may still be able to trace the path of funds returning to public addresses through transaction timing and amounts. (CoinDesk)
zk.money Relaunches After Three Years, Supporting Private Payments
Odaily reports: Aztec Network developer Aztec Labs has relaunched the self-custodial wallet zk.money. The wallet can conceal payment amounts, balances, and recipient information through Aztec Network, and supports transfers via readable names or links.Users can deposit DAI, USDC, or USDT from Ethereum, with USDC and USDT being converted to DAI. Deposit records remain publicly traceable, while subsequent transaction activity remains private.The early Alpha version limits individual deposits, payments, and withdrawals to under $2,500, and screens addresses in accordance with sanctions policy. The software has not yet undergone a full audit and carries security risks. (CoinDesk)
Analysts Expect 10-Year U.S. Treasury Yield Could Rise to 6%, Bitcoin's Performance Depends on the Reason for the Upside
Odaily News: Some analysts expect that the 10-year U.S. Treasury yield could rise to 6%, driven by concerns over the federal fiscal deficit, debt growth, and capital competition. Since the end of 2023, the yield has risen to 5.23%, while Bitcoin's price has roughly doubled to $86,000.If yields rise due to fiscal concerns, investors may seek alternatives to government debt, and Bitcoin could benefit; if the rise in yields is driven by the Federal Reserve tightening monetary policy again, Bitcoin could come under pressure. (CoinDesk)
The Zcash development team plans to introduce post-quantum signatures in January to protect public payments.
According to CoinDesk, the privacy cryptocurrency Zcash (ZEC) development team plans to introduce a post-quantum signature opcode on the network in January to support hash-based signatures, thereby defending against potential quantum computing attacks. This proposal primarily targets the transparent (public) payment pool, where approximately 70% of ZEC is currently held. Although developers have set January as the target deadline, the specific timing for network activation has not yet been finalized.
"Bunker Mode" Sparks Crypto Security Debate: Institutional Quantum Risk Response Far Harder Than for Individual Users
Odaily News: As the crypto industry discusses whether users need to enter "bunker mode" before AI or quantum computing technologies expose wallet private keys, custody institutions face a more complex challenge: how to upgrade key management, approval, and audit systems before an emergency migration occurs.Project Eleven CEO Alex Pruden stated that institutions have already begun preparing for post-quantum migration outside of blockchain, and different blockchains may adopt different quantum-resistant signature schemes and migration paths in the future. Institutions holding multiple types of assets will face the challenge of simultaneously adapting to multiple cryptographic systems.Quantus co-founder and CEO Christopher Smith stated that AI is accelerating the development of quantum hardware and software, and the tail risk of quantum attacks should be incorporated into portfolio decisions — this is an institutional fiduciary duty.Currently, the timeline for quantum computers to crack Bitcoin and Ethereum's existing public-key cryptographic systems remains uncertain, but the industry is gradually viewing the coming years as a window for establishing migration plans, rather than waiting for an attack to occur before responding reactively. (CoinDesk)
Bitget hacker transfers $3.9 million in ZEC into Zcash privacy pool
Odaily reports: A wallet linked to the $387.5 million Bitget exploit transferred 2,746 ZEC into Zcash's Ironwood privacy pool on Wednesday across three transactions, worth approximately $3.9 million.The funds account for roughly 15% of the ZEC stolen on September 24. The Ironwood privacy pool can conceal the sender, recipient, and transfer amount, but investigators may still be able to trace the path of funds returning to public addresses through transaction timing and amounts. (CoinDesk)
Chainlink Releases CCIP 2.0, Allowing Large Crypto Apps to Customize Cross-Chain Security Verification
Odaily News: Cross-chain protocol Chainlink has released CCIP 2.0, allowing enterprises to add their own security checks for cross-blockchain transfers on top of its default network of 16 operator validators.The upgrade comes after Kelp DAO suffered a $292 million hack in April, an incident attributed to a LayerZero cross-chain bridge setup using a single validator; Kelp DAO subsequently migrated its rsETH token to Chainlink.Chainlink's risk management network no longer operates as a standalone security safeguard, and users who do not add their own validators will rely on one validation network rather than two. (CoinDesk)
Crypto tech service provider Haruko hit by cyberattack, 15 clients affected
Odaily News: Crypto technology service provider Haruko suffered a targeted cyberattack, with 15 clients affected. Read-only API information and trading data from some exchanges were leaked.Haruko stated that smaller hedge fund clients with weaker security controls may have lost a small amount of funds. The company has patched the vulnerability and updated its server-side keys. (CoinDesk)
Crypto technology service provider Haruko hit by targeted cyberattack, impacting 15 institutional clients
According to CoinDesk, London-based crypto institutional technology services provider Haruko was targeted by a cyberattack earlier this week, affecting a total of 15 clients. Attackers exploited vulnerabilities in Haruko’s infrastructure to extract user access tokens, gaining access to clients’ read-only exchange API information and trading data. A small amount of client funds were stolen, and smaller hedge funds with weaker security controls face a higher risk of loss. Haruko co-founder and CTO Adam Carlile confirmed that the attack specifically targeted Haruko itself. The vulnerability has been patched, and the company plans to release a complete technical post-incident report. Haruko serves over 80 institutional clients globally and connects to more than 100 centralized exchanges and 30 blockchains.
US Commodity Futures Trading Commission Proposes to Bring Event Contracts Under Swaps Regulation
Odaily News: The U.S. Commodity Futures Trading Commission (CFTC) has issued one rule and proposed another, aiming to further clarify that event contracts constitute "swaps," thereby reinforcing Chairman Mike Selig's view that prediction market trading should be regulated solely by the agency.This move comes as the CFTC is engaged in legal disputes with multiple states over regulatory jurisdiction, with several federal rulings in these disputes having gone against the CFTC. (CoinDesk)
Robinhood Chain Evaluates Arbitrum's New Paid Transaction Sequencing Technology
Odaily News: Robinhood Chain is evaluating Arbitrum's improved paid transaction sequencing technology. This technology allows paid transactions to gain sequencing priority.Robinhood Chain currently uses a first-come, first-served transaction sequencing mechanism and has not yet adopted the original Time Boost version introduced by Arbitrum. (CoinDesk)
XRP Ledger Launches Permission Delegation Feature, Allowing Institutions to Separate On-Chain Operational Permissions from Master Account Keys
XRP Ledger has activated its permission delegation feature, allowing enterprises to assign specific on-chain operational permissions to independent accounts without handing over their master account keys.This feature is designed to enhance security and operational flexibility for institutions in scenarios such as stablecoin issuance and custody, enabling enterprises to authorize different accounts to carry out routine on-chain tasks while retaining control of their master keys. (CoinDesk)
The Zcash development team plans to introduce post-quantum signatures in January to protect public payments.
According to CoinDesk, the privacy cryptocurrency Zcash (ZEC) development team plans to introduce a post-quantum signature opcode on the network in January to support hash-based signatures, thereby defending against potential quantum computing attacks. This proposal primarily targets the transparent (public) payment pool, where approximately 70% of ZEC is currently held. Although developers have set January as the target deadline, the specific timing for network activation has not yet been finalized.
Solana plans to reduce target block time to 200 milliseconds at Epoch 1053
Odaily reports: The Solana blockchain network plans to reduce its target block time from 250 milliseconds to 200 milliseconds when it enters Epoch 1053 on Friday, completing a series of缩短 adjustments that began at 400 milliseconds in August.This upgrade will enable the network to produce 5 blocks per second, while simultaneously lowering the compute cap per block to keep overall throughput roughly unchanged.Faster block production may reduce transaction latency and transaction arbitrage activity, but it will also increase validator voting demands, put pressure on network connectivity, and shorten the transaction validity window. (CoinDesk)
Netflix Releases First Trailer for SBF-Related Series 'The Altruists'
Netflix has officially released the first trailer for 'The Altruists,' a series related to FTX founder SBF. (CoinDesk)
Related news
“Oct 11 Crash” First Anniversary: $19B Liquidation Warning Persists, Analysts Warn of Derivatives Leverage Risks
According to CoinDesk, it has been one year since the "October 11 crash" that triggered roughly $19 billion in leveraged liquidations across the crypto market, with analysts warning that the potential structural risks behind the flash crash persist. In October 2025, Bitcoin experienced a sudden flash crash within days of hitting an all-time high above $126,000, plummeting from approximately $122,000 to $105,000 in a short timeframe and triggering the mass liquidation of leveraged long positions.
Robinhood Chain's average daily transactions drop 42%, spot trading volume falls to $7.45 billion
Odaily reports: Robinhood Chain recorded an average of 6.2 million daily transactions between October 2 and 8, a 42% decrease from mid-September; daily active addresses fell 31%.Robinhood Chain's weekly spot trading volume dropped 21% to $7.45 billion, but deposits remain above $1 billion, while perpetual contract trading volume rose 26%.Robinhood will continue to cover network fees for token swaps exceeding 50 cents through December 31 in an effort to boost network activity. (CoinDesk)
Up to 1.2 Billion Consumers in Asia-Pacific May Use Stablecoins by 2031
Odaily reports: A survey by payment technology company Visa shows that nearly half of consumers in the Asia-Pacific region may use stablecoins within the next five years, higher than the 16% who actually used stablecoins in the past year.The survey shows that only 6% of respondents accurately understand how stablecoins work, and concerns about fraud and scams remain the primary obstacle to stablecoin adoption. Consumer interest in using stablecoins for everyday spending, travel payments, and cross-border transfers is increasing. (CoinDesk)
US Commodity Futures Trading Commission Proposes to Bring Event Contracts Under Swaps Regulation
Odaily News: The U.S. Commodity Futures Trading Commission (CFTC) has issued one rule and proposed another, aiming to further clarify that event contracts constitute "swaps," thereby reinforcing Chairman Mike Selig's view that prediction market trading should be regulated solely by the agency.This move comes as the CFTC is engaged in legal disputes with multiple states over regulatory jurisdiction, with several federal rulings in these disputes having gone against the CFTC. (CoinDesk)
Robinhood Chain Evaluates Arbitrum's New Paid Transaction Sequencing Technology
Odaily News: Robinhood Chain is evaluating Arbitrum's improved paid transaction sequencing technology. This technology allows paid transactions to gain sequencing priority.Robinhood Chain currently uses a first-come, first-served transaction sequencing mechanism and has not yet adopted the original Time Boost version introduced by Arbitrum. (CoinDesk)
XRP Ledger Launches Permission Delegation Feature, Allowing Institutions to Separate On-Chain Operational Permissions from Master Account Keys
XRP Ledger has activated its permission delegation feature, allowing enterprises to assign specific on-chain operational permissions to independent accounts without handing over their master account keys.This feature is designed to enhance security and operational flexibility for institutions in scenarios such as stablecoin issuance and custody, enabling enterprises to authorize different accounts to carry out routine on-chain tasks while retaining control of their master keys. (CoinDesk)