FCA Consults on UK Crypto Rules’ Scope
The Financial Conduct Authority opened a consultation on when UK crypto rules would exempt settlement, stablecoin payment handling and technical services. The guidance is not final. #Update #Regulation
Crypto News
General category for all types of news related to the cryptocurrency world.
SpaceX-Tesla Merger Could Reshape Musk’s AI Empire
@SpaceX and @Tesla have formed independent board committees to study a merger. No terms are agreed, and any deal needs approval from half of all outstanding Tesla shares. #Update #Merger
GENIUS Act likened to Lincoln-era banking reform
Treasury Secretary Scott Bessent likened the Office of the Comptroller of the Currency’s (@USOCC) final stablecoin rule to Lincoln-era banking reforms, citing a national framework for digital payments. #Update #Stablecoins
Trump to spotlight overseas crypto abuses
President Trump will host a White House cybercrime event highlighting U.S. efforts to crack down on crypto scams run by foreign criminal groups. #Update #Crypto
PHP bugs threaten 70% of the internet
@ThePHPF released patches for two critical flaws that could let attackers take over vulnerable web servers. Finland, the Netherlands and France took government sites offline as a precaution. #Update #Cybersecurity
Lido proposes paying lenders with borrower collateral
@LidoFinance contributors propose letting lenders withdraw using borrower collateral when loan funds run short, reducing borrowers’ debt and positions. Rules for healthy loans remain undecided. #Update #DeFi $LDO
Why real-world assets need fixed-rate onchain loans
Peter Gaffney says real-world assets back major stablecoins, but onchain borrowing still relies on variable-rate pools. He argues fixed-rate, fixed-term loans could fill the gap for @ethena_labs. #Update #DeFi $ENA
eMudhra fixes may leave crypto bots exposed
@CertiK warns that Big Tech’s blocks on vulnerable @eMudhra certificates may not protect crypto bots and exchange apps using separate security systems. Operators should update software and certificate trust stores. #Update #Security
Drift exploiter sends $109M to Tornado Cash
Wallets tied to the @DriftProtocol exploit sent $109 million in $ETH to @TornadoCash over two days, including $46 million Wednesday; they still hold $138 million in $ETH. #Update #Security $ETH
Standard Chartered signs deal to acquire Zodia Custody
@StanChart signed a definitive deal to acquire @ZodiaCustody’s regulated businesses, pending approvals, bringing its crypto custody operations into the bank’s Securities Services unit. #Update #CryptoCustody
MEXC Ends Support for Russia and Belarus
@MEXC_Official began winding down affected Russia and Belarus accounts on Oct. 20, citing compliance. Users will receive withdrawal instructions; the exchange gave no deadline or regulator. #Update #Regulation
PlayStation Founder Dismisses Disc Ownership Anger
PlayStation founder Ken Kutaragi called anger over @Sony’s plan to end physical game discs a “mentality issue.” Industry veterans say the move favors publisher profits over game ownership. #Update #Gaming
Probly Wraps TOKEN2049, WHALE3RA, Strengthens Prediction-Market Presence
@ProblyHQ has wrapped up its TOKEN2049 Singapore sponsorship and WHALE3RA co-hosting, where it presented its self-custody prediction markets and on-chain settlement to traders and builders. #Update #PredictionMarkets
Report: UK banks face 10,000 blocked-crypto-transfer complaints
@StandWCrypto_UK reports UK customers filed 10,092 complaints over blocked or restricted crypto exchange transfers in 90 days, urging regulators to challenge blanket bank limits. #Update #Banking