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Regulation/Compliance

News linked to both this project and an event.

Ledger Users Hit by Physical Mail Scam, Forged Notices Demand Bitcoin Wallet Registration via ZenLedger

Odaily News: According to monitoring by Bitcoin News, German Ledger user @jayr_crypto reports receiving another forged letter this week. The letter impersonates Ledger, claiming that new regulations require users to register a Bitcoin wallet through a service called ZenLedger by October 31. The letter uses Ledger's official branding elements, references German financial regulators, and includes a QR code that directs users to a so-called mandatory registration process. The user believes that addresses exposed in a previous data breach are being used to conduct targeted attacks against Ledger users. In the same week, Ledger coordinated with MediaMarktSaturn to suspend sales of its hardware wallets across a European retail network spanning 11 countries and more than 1,000 stores. It was previously reported that Ledger devices purchased from European retailers were found to contain malicious spy implants. Ledger separately confirmed that compromised devices sold by a distributor in Southeast Asia contained implants capable of stealing recovery phrases and transmitting them via cellular networks. Ledger has not yet confirmed that European devices were compromised. Ledger users are currently facing physical supply chain tampering and targeted phishing attacks exploiting home addresses. Do not scan suspicious QR codes or enter recovery phrases.

Bank of America: Only Shifts to Bonds When U.S. Treasury Yields Hit 6%; Crowded Trade Risks Mount in 3.9% Cash Allocations

According to Trendfollowing Research, a Bank of America research report dated October 13, 2026 states that the October global fund manager survey shows cash levels at 3.9%, with 37% of investors indicating they would shift from equities to bonds once the 10-year US Treasury yield reaches 6.0%. The most crowded trades are long global semiconductors (45%) and short US Treasuries (27%). Meanwhile, 39% of respondents identify AI hyperscaler capital expenditures as the most likely source of credit events, and 76% expect the Federal Reserve to hold rates steady on October 28. Bank of America concludes that while the market is bullish, positioning is crowded, with bond yields and AI capital expenditures posing the greatest risks. For allocation strategy, they recommend contrarian trades: going long on bonds, REITs, and the consumer sector, while shorting equities, technology, banking, and emerging markets.

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

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

NEAR Intents Hit by $3.8 Million Exploit, Gives Hacker 48 Hours to Return Funds

Odaily News: NEAR Intents has stated that it has identified the attacker responsible for the loss of user funds and has demanded the return of $3.8 million within 48 hours through a "responsible disclosure" mechanism, after which the window will be closed.NEAR Intents suspended services on Thursday after discovering a vulnerability in the interaction between the Omni deposit and withdrawal infrastructure and its smart contracts. A preliminary investigation showed that the attack resulted in the theft of $3.8 million in user funds, and the platform has committed to fully compensating affected users.On-chain investigator ZachXBT disclosed that the related funds were transferred to the KuCoin exchange and subsequently bridged to Bitcoin. (Cointelegraph)

Wintermute: Two Catalysts Materialize, BTC Breaks Out of Range to Hit Eight-Month High

Wintermute released its weekly market report, as the Federal Reserve voted unanimously 12-0 on September 21 to raise interest rates by 25 basis points to 3.75%-4.00%. Sixteen officials project at least one more rate hike this year, with inflation not expected to return to the 2% target until 2029. Two key catalysts previously monitored by the market—the FOMC rate decision and the CLARITY Act—have both materialized: the CLARITY Act failed to advance in the Senate (49-50 vote, falling short of the 60-vote threshold), prompting the SEC and CFTC to immediately state that they would establish crypto regulatory frameworks under their current authority. The market adjusted for only a single trading session before reclaiming its losses. BTC traded between $75,000 and $81,000 this week, closing at $81,159—the first time since last November it has breached the 50-week moving average; ETH gained 6.7%, trading in the $2,350–$2,600 range. Regarding ETF capital flows, net outflows totaled $746 million from Tuesday to Wednesday, partially reversed by $593 million in inflows from Thursday to Friday, resulting in a five-day net outflow of approximately $6 million. Outflows triggered by the CLARITY Act were nearly fully offset within 48 hours. At the start of this week, both BTC and ETH broke above the range resistance ahead of the U.S. equity market open. Fueled by approximately $250 million in short liquidations, BTC briefly surged to $86,000, setting an eight-month high. Wintermute’s analysis suggests:

US Senate Vote Fails, Digital Asset Market Clarity Act Hit With Setback

The Digital Asset Market Clarity Act made no progress during Tuesday's Senate vote, failing to secure the required 60 votes. Despite months of bipartisan negotiating, it ultimately failed due to unresolved core differences, including those over ethical provisions.

Kraken Says It Was Hit by a "Dust Attack," Some Customer Accounts Temporarily Locked

According to Bloomberg, digital asset exchange Kraken stated that some customer accounts were temporarily locked after receiving small cryptocurrency transfers from wallets linked to the sanctioned exchange HTX. Kraken refers to such transfers as "dust attacks," which involve sending tiny involuntary transactions to disrupt or manipulate other cryptocurrency users. In this incident, Kraken believes the attackers' objective was likely to trigger the platform's compliance review by spreading sanctioned funds.

CertiK: Term Labs Hit by Governance Attack, Loses Approximately $8.5 Million

According to monitoring by CertiK Alert, the DeFi lending protocol Term Labs has been targeted by a governance attack, resulting in approximately $8.5 million in asset losses. Currently, around 2,843 ETH and approximately $1.6 million worth of DAI have been transferred to address 0xD5183d8BfC65a50863C62aF2538198A8288FFc13. Term Labs has confirmed that its Term Vaults fell victim to a governance exploit, stating that the team is continuing to investigate the incident and will release further details upon completion of the investigation. Official sources have yet to disclose the specific attack vectors or the scope of the impact.

Standard Chartered Bank Analyst: US Treasury Expands Long-Term Bond Buyback, BTC May Hit $100,000 by Year-End

According to Cointelegraph, Standard Chartered Bank analyst Geoff Kendrick pointed out in the latest client report that the U.S. Treasury announced the scale of 10- to 30-year Treasury bond buybacks will be at least doubled from $2 billion per operation to $4 billion, with an execution period from September 9 to November 4. This policy drove long-term U.S. Treasury yields down significantly, effectively alleviating selling pressure in the bond market. Kendrick stated that such government liquidity interventions have historically been bullish for Bitcoin, and coupled with its fixed supply attribute, BTC is expected to hit $100,000 before the end of the year. Technically, he views $65,500 as a key support level; once effectively broken above, it can confirm that the bottom of this cycle has appeared.

Bitcoin Small-Value Transfers Hit New High Since FTX Collapse, Coldcard Security Incident Sparks Self-Custody Debate

as the suspected hacking incident involving Coldcard wallets continues to unfold, Bitcoin small-value transfers have surged significantly, reaching their highest level since the FTX exchange collapse, reigniting market discussions on Bitcoin self-custody security.Julio Moreno, Head of Research at CryptoQuant, disclosed data on X platform showing that the number of on-chain Bitcoin transfers below 1 BTC has risen to its highest level since November 2022, with approximately 39,600 BTC transferred in a single day—only about 300 BTC below the record of 39,900 BTC set on November 16, 2022, just days after FTX filed for bankruptcy. He believes that users proactively taking action to address risks is a positive signal. Additionally, Eric Balchunas, Senior ETF Analyst at Bloomberg, noted that Bitcoin ETFs, backed by a mature regulatory framework and convenience, may offer some users a safer investment approach.However, industry insiders point out that the Coldcard incident more likely reflects issues with a single wallet provider or specific security processes, rather than indicating a failure of the entire Bitcoin self-custody system. This event once again highlights the importance of security awareness, risk diversification, and wallet usage habits in personal asset management.

Texas 2025 Crypto Kiosk Fraud Losses Hit $56.8 Million, Lawmakers Consider Measures Beyond Regulation

Odaily News: Data submitted by the FBI to a legislative committee shows that in 2025, losses related to cryptocurrency kiosks in Texas reached $56.8 million, involving 1,179 complaints, ranking first among all U.S. states. Nationwide, related complaints totaled 13,460, with reported losses surging 58% year-over-year to $389 million. Cryptocurrency kiosks accept cash and convert it into cryptocurrency, typically located at gas stations and convenience stores. According to Texas Tribune data, there are approximately 4,000 such machines in Texas. Scammers often trick victims into withdrawing cash from their bank accounts and depositing it into the machines. Jesse Saucillo, Deputy Commissioner of the Texas Department of Banking, stated that once funds are transferred out, recovery is nearly impossible, as the money typically flows to non-custodial wallets and then into mixers and other channels. He added that AI-generated impersonation content of police and state agencies has made phone-based scams more deceptive. AARP data shows that since 2023, around 30 U.S. states have enacted laws related to cryptocurrency kiosks. Indiana imposed a full ban on such machines in March, with Tennessee and Minnesota following suit. Texas House Committee Chairman Rep. Cole Hefner said the state will consider measures that go beyond the scope of regulation.

Analysis: Bitcoin Long-Term Holders' Holdings Hit All-Time High, Potentially Signaling an Earlier Cycle Bottom

Odaily News According to Cory Klippsten, CEO of Swan Bitcoin, the holdings of Bitcoin long-term holders have risen to a record high, potentially indicating that the bottom of this crypto market cycle could emerge earlier than in the past. Data from on-chain analytics platform Glassnode shows that long-term holders (those holding coins for at least 155 days) currently possess approximately 14.7 million BTC, a historic high, suggesting that seasoned investors are continuing to "hold" their coins, reflecting strong market confidence. The on-chain data also reveals that since November 2025, the supply held by long-term holders has grown by about 14%, indicating the market has re-entered an accumulation phase following a period of significant liquidation.Cory Klippsten pointed out that, in historical cycles, this level of holdings typically corresponds to a cyclical bottom zone, reflecting long-term capital's firm expectations for Bitcoin's future value. He believes this could mean the bottom for the current cycle will arrive earlier than the historical average pace.However, this view contrasts with some market predictions. For example, Jiang Zhuoer, founder of Lebit Mining Pool, suggests the Bitcoin cycle bottom could appear between October and December 2026, and may be influenced by the market Net Asset Value (mNAV) cycle. Furthermore, market sentiment is also affected by the progress of US crypto regulation. Grayscale noted that the passage of the "CLARITY Act" remains uncertain; any legislative delays could prolong institutional deleveraging, creating additional downward pressure on Bitcoin's price. (Cointelegraph)

Gate Ventures: Tech Stocks Hit New Highs Amid Inflationary Pressure, Crypto Market Risk Appetite Recovers

Odaily Odaily News According to the latest weekly report from Gate Ventures, global markets continued to strengthen last week, driven by the technology sector. Both the S&P 500 and the Nasdaq index hit new record highs, with the S&P 500 gaining 2.36% for the week and the Nasdaq rising 4.52%. In the crypto market, BTC rose 4.6% last week, ETH rose 2.1%, spot BTC ETFs recorded net inflows for the fifth consecutive week, and market sentiment recovered to the neutral range. Additionally, the total market cap of cryptocurrencies excluding the top ten assets increased by 12.6% for the week.On the macroeconomic front, the ISM Services Price Index rose to 70.7, a two-year high, coupled with energy price fluctuations and the Federal Reserve's policy expectation of "keeping interest rates higher for longer," leading to increased market focus on a "stagflation" environment. On the industry level, Payward, the parent company of Kraken, has applied to the OCC for a national trust charter, highlighting the increasingly evident trend of industry compliance. In terms of investment and financing, 10 deals were completed last week totaling $34.2 million, primarily concentrated in the DeFi and infrastructure sectors. Among them, OpenTrade completed a $17 million funding round to accelerate the development of institutional-grade stablecoin yield infrastructure; OnRe secured a $5 million Series A round to advance its Solana-based tokenized reinsurance product offerings.

Gate Ventures: Stock Indices Hit New Highs Amid Policy Divergence, Market Uncertainty Rises

according to Gate Ventures' latest weekly report, the global market performance is generally stable, but inflationary pressures and policy divergences are rising simultaneously. The S&P 500 topped the 7,200 mark for the first time. The Fed kept interest rates unchanged but showed major internal divisions. Compounded by volatile oil prices due to supply shocks in the Strait of Hormuz, market expectations of "stagflation" have intensified. Against this backdrop, the crypto market remains in a consolidation pattern, with BTC largely flat and ETH experiencing a slight pullback. ETF fund flows are diverging, and market sentiment remains cautious.At the industry level, the CLARITY Act has clarified the boundaries for stablecoin yields, further promoting a clearer regulatory framework. EURC is seeing rapid growth in Spanish retail payment scenarios, indicating that localized stablecoin applications are coming to market. The Solana ecosystem is advancing its post-quantum signature scheme, Falcon, reflecting the industry's forward-looking layout for long-term security. In terms of investment and financing, 15 deals were completed this week, with a total volume of $167 million, representing a 205% increase week-over-week. The infrastructure track continues to dominate. Among these, Four Pillars completed a Series A funding round to strengthen institutional-grade research and infrastructure capabilities. Belo secured $14 million in a funding round led by Tether, accelerating the expansion of its stablecoin payment network in Latin America. Overall, capital continues to concentrate towards infrastructure and cross-asset platforms, driving the industry's accelerated evolution towards institutionalization and multi-asset integration.

Analysis: Bitcoin Approaches $75,000 as ETF Inflows Hit a New Annual High

According to Decrypt, Bitcoin’s price recently approached $75,000, driven by improved risk sentiment and easing geopolitical tensions. Since the Iran conflict erupted on February 28, Bitcoin has surged approximately 13%, outperforming both the S&P 500 Index and gold. Data shows bearish pressure in the options market has eased, with the 25-Delta Skew rebounding from -10% to -4.5%, indicating reduced investor demand for downside protection. Last week, CoinShares data revealed net inflows of $1.1 billion into crypto investment products—the strongest weekly performance so far this year—with U.S. spot Bitcoin ETFs accounting for $786 million in net inflows. Analysts note that ETF inflows and strengthening institutional demand have become key drivers behind Bitcoin’s rally. Experts caution that inflation, Federal Reserve policy, and evolving geopolitical developments could influence its future trajectory.