S&P Global Leads Round, Crypto Data Firm Kaiko's Series B Swells to $110M
S&P Global led this round of strategic investment, with BNP Paribas, Nasdaq Ventures, RBC, Coinbase Ventures, and DRW Venture Capital also joining in, pushing Kaiko's Series B raise to a total of $110 million.
TD Cowen Raises Price Target on Bitcoin Treasury Firm Smarter Web, Sees 90% Upside on MORE Preferred Stock IPO
TD Cowen has raised its price target on Smarter Web citing the company's proposed MORE preferred stock IPO, arguing the move would broaden financing channels and boost capital efficiency, with estimated upside pegged at 90%.
Symbiosis Bitcoin Bridge Hacked: 46.1 Billion syBTC Minted Out of Thin Air, Attacker Only Cashed Out $336K
Cross-chain protocol Symbiosis's Bitcoin bridge was exploited, but 15 BTC has since been recovered, with the project offering the attacker a 20% bounty to return the rest. Blockchain security firm Blockaid says roughly 46.1 billion syBTC were minted during the incident, yet the attacker only managed to cash out about $336,000.
CryptoQuant: Bitcoin Must Hold $81,700 Before Bull Market Signal Is Confirmed
On-chain analytics firm CryptoQuant says Bitcoin's trend remains bullish, but confirming a genuine new bull run will require clearing a resistance zone extending up to $88,700.
Blockstream Refuses to Pay Ransom: 600 BTC Still Missing After Liquid Exchange Hack
Liquid has restored trading functionality following the hacker attack, but cross-chain withdrawals remain suspended as recovery efforts continue. Blockstream has also publicly responded to the attacker's demand for a 600 BTC ransom, flatly rejecting it.
India's SEBI Launches Demat 2.0 Pilot: Three Issuers Raise Over $100M via Tokenized Corporate Bonds
The Securities and Exchange Board of India (SEBI) has unveiled its first Demat 2.0 pilot results, with three issuers raising over $100 million through tokenized corporate bonds, settled using wholesale central bank digital currency.
Nasdaq Pours $100 Million Into Kraken's Parent Company, Doubling Down on Tokenized Equity Infrastructure
Nasdaq Ventures has announced a $100 million investment in Payward, the parent company of crypto exchange Kraken, as the two expand their partnership on tokenized equity infrastructure.
MoneyGram Teams Up With Rain to Launch First Stablecoin-Backed Visa Card, Starting in Colombia
Cross-border remittance company MoneyGram has partnered with crypto payments startup Rain to launch its first stablecoin-backed Visa card, debuting in Colombia.
Uniswap Rolls Out StablePair Hook, Dynamic Fees to Lock In USDC/USDT Stablecoin Pairs
Uniswap Labs has launched StablePair Hook, built on the Uniswap v4 architecture, introducing a dynamic fee mechanism for stablecoin pairs like USDC and USDT. The official line: the goal is to help liquidity providers capture more fee value.
Hyperliquid Policy Center Backs CFTC, Calls on Court to Dismiss CME Perpetual Futures Lawsuit
The Hyperliquid Policy Center has accused CME Group of stifling innovation, urging the court to dismiss CME's lawsuit against the CFTC — a new voice has entered the fight over who regulates perpetual futures.
Tether Teams Up with Fasanara on $400M Fund, Aims to Raise Cap to $3B
Stablecoin issuer Tether and fintech firm Fasanara have jointly launched a stablecoin-settled private credit fund, starting at $400 million, with plans to raise up to $3 billion from institutional investors, deployed through Fasanara's global fintech lending network.
Ink Foundation, GSR and Other Crypto Firms Team Up to Launch Charter Foundation, Targeting Token Issuance Costs
A group of crypto companies has launched the Charter Foundation, proposing a new framework to help projects cut token issuance costs. Participants include Ink Foundation and market maker GSR.
Visa's Stablecoin Settlement Volume Tops $20B Annualized, Up Over 15x Year-Over-Year
The Block reports that Visa's annualized stablecoin settlement volume has surpassed $20 billion, marking a year-over-year increase of more than 15x, while overall payment volume grew nearly 200% over the same period.
Matter Labs Open-Sources Prividium's Permissioning Engine, Germany's Bundesbank Testing It
ZKsync developer Matter Labs has open-sourced the core permissioning engine of Prividium, its DLT platform built for financial institutions. Germany's Bundesbank is currently the only publicly named institution testing it.
Robinhood Doubles Down on Prediction Markets: Trading Equity for Crypto.com and OG.com Stakes
Ahead of the NFL season kickoff, Robinhood is expanding its prediction market footprint—teaming up with Crypto.com and OG.com while also picking up equity stakes in both companies, with valuations benchmarked against Crypto.com's recent $20 billion valuation.
Fifth Suspect Charged in Zondacrypto Case as Polish Prosecutors Probe Losses Exceeding $100 Million
Polish prosecutors formally charged Roman Ż. with two counts following his arrest on September 5, making him the fifth suspect indicted in the Zondacrypto investigation, a case with estimated losses reaching $100 million.
Cronos Confirms: On-Chain Rollback Recovers $111.2M, $9.2M Still Missing from Tectonic Exploit
Cronos officially stated that in response to the Tectonic protocol exploit, the on-chain rollback mechanism recovered approximately $111.2 million in funds. However, an additional $9.2 million had already left the chain before the rollback took effect and remains unrecovered to this day.
DBS and Citi Complete First Weekend Cross-Border USD Settlement, Tokenized Deposits Bypass Bank Holiday Restrictions
DBS and Citi have used tokenized deposit technology to complete the first weekend USD cross-border settlement between Singapore and the US, allowing transfers that were previously restricted to banking days to go through on holidays.
Roughly 4,000 BTC Drained From Liquid Network; Attacker Claims Most Will Be Returned After Patch
Liquid Network saw an anomalous withdrawal of roughly 4,000 BTC — worth about $320 million at the time — over the weekend. An attacker claiming to be a white hat demanded a vulnerability patch before returning the funds. Blockstream has responded with a signed on-chain message, but as of this report, the funds have not yet been returned.
French Bitcoin Treasury Firm Capital B Adds $29.4M in Single Purchase, Adam Back's Stake Rises to 17.64%
Capital B bought 376 bitcoin for €25.3 million, its largest single purchase in nearly a year, funded by a just-completed private placement. Adam Back joined the round, raising his stake to 17.64%.
South Korea Amends Law to Bring Tokenized Securities Into Financial System, Hanwha Builds Platform on Avalanche
The amendment passed by South Korea will take effect this coming February, formally bringing tokenized securities into the existing financial regulatory framework. According to The Block, Hanwha has already been developing a related platform on the Avalanche blockchain.
Coinbase-Backed Router Protocol Shuts Down, Burns 303 Million ROUTE Tokens
The Coinbase-backed cross-chain protocol has opted to burn 303 million ROUTE tokens outright, putting an end to the project after attempts at commercialization, licensing, and finding a buyer all fell through.
LeBron James Teases Polymarket Partnership in Social Media Video, Free Agency Moves Once Drove $273M in Prediction Market Volume
LeBron James posted a video on social media hinting at a partnership with prediction market platform Polymarket. His past free agency decisions have previously driven $273 million in trading volume across prediction markets.
US Bitcoin ETFs See $731 Million Single-Day Inflow, Largest Since January
Analysts note that US Bitcoin ETFs recorded a net inflow of $731 million in a single day, marking the largest daily capital return since January this year. The momentum is being attributed to dovish remarks from Fed Governor Christopher Waller.