Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses

Igloo CEO Luca Netz said the company funded Abstract for 18 months but still failed to find product-market fit despite attracting major brands and a community of millions. Abstract, a consumer-focused Ethereum layer-2 blockchain built by Pudgy Penguins’ parent company Igloo Inc., said Tuesday it will shut down this year after struggling to scale and …

Conduit sues Tether over allegedly freezing $2.8M without explanation

The lawsuit alleged that Tether froze USDt funds in a Conduit wallet tied to an investigation launched by Brazilian authorities in 2024. Cross-border payments platform Conduit Technology alleged that stablecoin issuer Tether froze $2.76 million in USDt (USDT) without explanation in September 2025. In a complaint filed in the US District Court for the Southern …

Winklevoss-backed Zcash ETF files with SEC for Nasdaq listing

The proposed fund would hold ZEC directly, with Gemini Trust serving as custodian and Winklevoss Capital affiliates eyeing up to a $100 million investment. A Winklevoss-backed exchange-traded fund (ETF) seeking to track Zcash’s price has filed a registration statement with the US Securities and Exchange Commission (SEC). The proposed Winklevoss Zcash ETF would hold ZEC …

Binance BTC outflows hit highest since mid-2023 as whales deposit stablecoins

Binance BTC reserves fell by nearly 40,000 coins since Sept. 20 as whales returned stablecoin capital to their exchange wallets. Bitcoin (BTC) outflows from largest crypto exchange Binance set multiyear records in late September, new analysis reveals. Key points: Read more Go to Source

Hong Kong officials double down on end-2026 deadline for crypto licensing bill

Hong Kong regulators plan to establish a licensing regime for four categories, including digital asset trading, custody, advisory and management services. The Hong Kong government reaffirmed its plans to submit an amendment bill before the end of 2026 to establish licensing regimes for digital asset trading, custody, advisory and management services as part of its …

Ondo opens private markets with tokenized pre-IPO AI exposure

Ondo’s tokenized notes will give eligible investors exposure to private companies, with the first tied to an unnamed pre-IPO AI company. Real-world asset tokenization platform Ondo Finance is expanding into private markets with tokenized exposures to an unnamed pre-IPO artificial intelligence company. The platform introduced Ondo Private Markets, offering tokenized notes whose payouts are linked …

Solana Foundation targets settlement in seconds with DvP launch

Solana DvP offers financial institutions an open-source settlement program designed to complete asset transfers and payments in seconds. The Solana Foundation announced Tuesday the launch of Solana DvP, an open-source settlement program for financial institutions that aims to cut settlement times. Solana DvP offers an open-source application programming interface for delivery-versus-payment (DvP) settlement on Solana. …

Changer+ Launches Stablecoin-First Self-Custodial Wallet to Make Stablecoins Easier to Use

October 6th, 2026 – Singapore, Singapore Multi-chain stablecoin wallet combines simpler transfers, flexible gas-fee options, security features, and practical use cases with one ambition: to become the world’s easiest stablecoin wallet. Changer+ today announced the launch of its self-custodial stablecoin wallet, built to make holding, moving and using stablecoins simpler. Changer+ supports major stablecoins including …

MEXC and Payward Signal Intent to Explore Broader Collaboration Ahead of TOKEN2049

Mutsamudu, Comoros, October 5, 2026, MEXC, a pioneer in 0-fee digital asset trading, and Payward, the parent company of Kraken, are in discussions to explore a collaboration as both platforms look at how exchanges can better serve users across evolving global markets. The two companies will bring the conversation to TOKEN2049 Singapore, where MEXC CEO …

Justin Sun Prize’s New Round Honors Human–AI Collaboration on Erdős Problems

Geneva, Switzerland — October 5, 2026 — The Office of Justin Sun today announced the newest recipients of the Justin Sun Prize: independent researcher Wouter van Doorn, mathematics Ph.D. student Quanyu Tang, and mathematics researcher Yanyang Li from Nanjing’s Southeast University, recognized for contributions spanning six Erdős problems. Wouter van Doorn is an independent number …

FinCEN withdraws proposed crypto mixing rule over ‘legitimate activity’ concerns

The bureau under the US Treasury said it was withdrawing two proposed rules on unhosted wallets and crypto mixers ”as part of the Trump Administration’s deregulatory agenda.” The US Treasury’s Financial Crimes Enforcement Network (FinCEN) withdrew two proposed rules affecting its enforcement of crypto companies, including one on “convertible virtual currency mixing.”  According to a …

Modern Treasury seeks US trust bank charter for digital asset custody

The payments infrastructure company is seeking federal approval to offer stablecoin custody and related fiat services through a limited-purpose national trust bank. Payments infrastructure company Modern Treasury has applied to establish a US national trust bank that would provide digital asset custody and related fiat services. According to Monday’s announcement, the company submitted an application …

Metaplanet reveals net income strategy to fuel Bitcoin accumulation

Metaplanet revealed a revised capital allocation framework proposing to allocate as much as 15% of total assets to strategic investments to fund its Bitcoin accumulation. Japanese investment and Bitcoin treasury company Metaplanet introduced a net interest income strategy on Monday, seeking to invest capital in income-generating assets and use the net interest to fuel its …

Bitcoin price fails to break higher after best weekly close in eight months

Bitcoin’s highest weekly close in eight months formed low-timeframe resistance at the start of Monday’s US trading session. Bitcoin (BTC) fluctuated around $86,000 after Monday’s Wall Street open as US bond yields continued to rise. Key points: Read more Go to Source

Strategy opts for bigger spending on STRC buybacks over BTC purchases

Strategy bought 334 Bitcoin for $28.7 million last week while spending $176.3 million to repurchase about 1.77 million shares of STRC. Michael Saylor’s Strategy last week spent more than six times its weekly Bitcoin buying budget on its repurchases of one of its preferred stocks. Strategy bought 334 Bitcoin (BTC) for $28.7 million between Monday …

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