currency

According to market news, Binance.US is seeking to raise $100 million to expand its cryptocurrency business.

Cryptocurrency media Watcher Guru reported that Australia has proposed legislation requiring the reporting of cryptocurrency transactions and the initiation of international tax information sharing.According to the bill, cryptocurrency platforms will be required to report transactions involving Australian residents to tax authorities starting from July 2027.

According to Gate market data, most cryptocurrency concept stocks in the U.S. stock market turned positive during trading, with Circle (CRCL) up 6.27%, Block (XYZ) up 3.80%, Strategy (MSTR) up 3.79%, Coinbase (COIN) up 3.29%, and BitMine (BMNR) up 1.71%.

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached 924 million USD, with long positions liquidating 802 million USD and short positions liquidating 122 million USD, affecting a total of 175,806 people.The largest single liquidation in the past 24 hours occurred on Binance's BTCUSDT, valued at 12.0347 million USD, in the direction of long positions, with a transaction price of 80,208.96 USD.

According to Cointelegraph, the Central Bank of Russia stated in updated regulatory guidelines that arrangements for individuals to conduct peer-to-peer transactions in crypto assets will continue until July 1, 2027. After that, related transactions must be completed through authorized intermediaries. The Central Bank of Russia also clarified that individuals are not allowed to transfer crypto assets from digital accounts to self-custody wallets.Russia is expanding its regulated crypto market, with the country's largest bank, Sberbank, having been authorized to provide crypto asset trading services, having previously been approved to become a digital asset custodian. The new crypto asset regulatory rules in Russia took effect on September 1, bringing trading operators and custodians under the supervision of the Central Bank of Russia; the country still prohibits the use of cryptocurrencies for payment of goods and services. Jan3 CEO Samson Mow stated that P2P transactions are more resilient to regulatory crackdowns than centralized platforms.

Grayscale announced a partnership with the investment platform Republic to offer Grayscale's investment products to qualified investors, including the Grayscale DeFi Fund, Grayscale Decentralized AI Fund, and Grayscale Data Network Trust.Among them, the DeFi Fund covers tokens such as UNI, AAVE, ONDO, ENA, CRV, and LDO; the Decentralized AI Fund covers tokens such as NEAR, TAO, RENDER, and FIL; the Data Network Trust provides investment exposure to the native token DATA of the DATA Network.

Stripe announced a collaboration with Plasma to develop a multi-currency stablecoin card, aimed at allowing individuals and businesses to spend the currencies they already hold in their accounts, reducing unnecessary currency conversion and foreign exchange costs. Plasma will serve as the design partner, integrating with Stripe's stablecoin card infrastructure, enabling customer account balances to be used for payments through the multi-currency card.The expanded infrastructure will support US dollars, Brazilian reais, euros, Mexican pesos, and Colombian pesos; stablecoins include USDC, OUSD, and qualified stablecoins that meet the requirements of the GENIUS Act. The Stripe stablecoin card service currently covers over 30 countries, with plans to expand to over 100 countries by 2027.For example, users holding euros will be able to spend directly in euros in the future, without needing to convert to US dollars first; businesses can issue currency cards that match their spending needs. Stripe also plans to support cardholders in spending from multiple account balances and automatically selecting the appropriate currency at the time of purchase.

According to Decrypt, the Virtual Currency Unit of the Brooklyn District Attorney's Office in New York, in collaboration with the FBI, successfully dismantled a multinational cryptocurrency investment scam network targeting the Russian-speaking community across the United States, seizing and shutting down 112 servers and 241 associated website domains. The involved servers were primarily hosted in Eastern Europe and the United States, with the core infrastructure and IP nodes distributed in places like Ukraine.Forensic evidence from the servers also indicated that the scammers would strike again weeks later, disguising themselves as "asset recovery service providers" to conduct secondary harvesting of victims, with the total amount involved reaching tens of millions of dollars. The prosecution had previously shut down 400 associated domain names, and this time directly seized the underlying servers to completely deprive the gang of the ability to quickly set up websites and contact victims. Law enforcement has currently seized approximately $300,000 in stolen funds, and the recovery efforts are ongoing.

BVNK announced the launch of a global currency platform that connects stablecoins with Mastercard's payment network, enabling stablecoins to facilitate fund transfers through Mastercard's card organization channels.The first planned integration partners for the platform include payment service providers Nuvei and Marqeta. BVNK stated that the platform's local withdrawal coverage is expected to further expand by 2027.

According to Cointelegraph, security company Hacken disclosed that there were a total of 107 cryptocurrency hacking incidents in the third quarter of 2026, with total losses amounting to $1.18 billion. Approximately $906 million (about 77%) were related to breaches of vendor and developer tools, disclosed but undeployed fixes, and infrastructure outside the audit scope.The losses were mainly concentrated in four incidents: Bitget lost $387 million, Liquid Network lost $320 million, Tectonic lost $120 million, and Coldcard firmware vulnerabilities resulted in losses of about $115 million, totaling about 80% of the losses. The remaining 98 incidents each had losses below $10 million, with a median of $670,000. Smart contract attacks were the most common, totaling 71 incidents with losses of $228 million. This quarter marked the worst losses since the first quarter of 2025. In terms of recovery, about $387 million was returned or reversed, accounting for approximately 33% of the gross losses; the operators also bore $410 million in user losses, with about $384 million still unrecovered.

According to a report by BBC, multiple X platform accounts under the Irish police (An Garda Síochána) were hacked, including @GardaTraffic with 600,000 followers and @GardaInfo with nearly 300,000 followers. The hackers removed the original brand information from the accounts and posted cryptocurrency promotional content, while also altering the account's geographical location to Amsterdam.Some posts have been flagged by the platform as being associated with banned accounts. The Irish police have been contacted for comments, and the investigation into the incident is still ongoing.

Blockworks released a status report on cryptocurrency inference service providers, stating that global computing power investment is substantial and demand still exceeds supply; the market capitalization of liquidity crypto AI is approximately $24.9 billion, lower than Crusoe's $30.9 billion, and no decentralized computing network has disclosed verifiable revenue exceeding tens of millions of dollars.The report compares seven crypto-native inference providers on OpenRouter: Venice, Phala, Darkbloom, io.net, AkashML, NEAR AI, and Chutes. Over the past month, the seven have processed an average of about 211 billion tokens daily, accounting for about 1% of the platform's daily average of 21.9 trillion tokens. Venice processed about 87 billion tokens daily, with the team stating in July that its annual recurring revenue reached $100 million, with OpenRouter contributing less than 10%; Phala averaged about 54.6 billion tokens daily over the past week, up from about 5 billion in July.Chutes is the Bittensor inference subnet SN64, operating approximately 4,350 GPUs, with the team claiming to process 160 billion tokens daily, with OpenRouter channels averaging 5.7 billion. Akash has 283 active GPUs, down from a peak of about 897, with an annual leasing fee of about $3.7 million, and GPU incentives have ended. io.net's demand has nearly doubled over the past month to an average of 14.8 billion tokens daily.

According to the Gulf Times, Sharjah police have dismantled four interconnected cross-border crime gangs, involving 33 individuals and enterprises.The four gangs are suspected of network attacks and data theft, money laundering using virtual assets, stealing digital wallets through social engineering attacks, and violently coercing victims to hand over wallet passwords. After reviewing hundreds of pieces of digital evidence, the police identified the suspects and launched raids.

According to CTV News, the Toronto police announced the arrest of 7 people in a violent kidnapping case targeting cryptocurrency holders and the subsequent investigation, including 3 members of the Canadian Armed Forces, with a total of 82 criminal charges filed.The police stated that the victim was kidnapped on July 25, handcuffed, and beaten, as the suspects attempted to obtain access to their cryptocurrency assets and corporate security systems, after which they were released. The investigation also seized firearms, drugs, and approximately 2,500 stolen military ammunition, and the case is still under investigation.

The Australian Securities and Investments Commission (ASIC) has launched a public consultation on proposed capital, custody, and trading requirements for cryptocurrency platforms. The related rules aim to align with the digital asset legislation passed in April and expand regulation of the industry. The proposals include three capital models, restrictions on platforms conducting proprietary trading, and quarterly reporting of wallets holding customer assets.ASIC also intends to allow offshore custody and is seeking opinions on safeguards in the event of the failure of overseas parent companies or affiliates. One of the models requires platforms that do not adopt qualified third-party custody arrangements to hold at least AUD 14 million (approximately USD 9.7 million) in net tangible assets or 10% of average revenue, whichever is higher. Feedback is due by November 27, and ASIC plans to release final standards and guidelines in March 2027. The related laws will take effect on April 8, 2027, and operators must apply for licenses by October 7 of the same year, with the ability to continue operations during the ASIC review period.

According to a recent report by AlphaWire, Edwin Cheung, Executive Director of Gate, stated in an interview during TOKEN2049 Singapore that the payment business will become an important growth direction for Gate, serving individuals and corporate users with daily fund transfer needs.On October 7, Gate officially launched Gate Money, allowing users to open a global electronic bank account in their own name through the Gate App, and as services gradually open, it will accept payments in over 60 local currencies, connecting digital assets with everyday financial scenarios. Edwin Cheung pointed out that stablecoins can reduce the number of intermediary banks in cross-border transfers and enhance the transparency of fund flows. In the future, it will coexist long-term with traditional bank transfers, instant payments, and QR code payments, and will play a greater role in cross-currency payments as services develop in Europe, Asia, and the Middle East. Gate Money integrates functions of fiat currency, digital assets, stocks, ETFs, and gold, providing integrated financial services.Regarding institutional business and security, he mentioned that institutional investors remain highly concerned about liquidity and counterparty risk. Gate offers an OES over-the-counter settlement solution, allowing institutional clients' assets to be retained in third-party custodians while still utilizing Gate's liquidity and trading services, and enhancing transparency with reserve proof. He emphasized that user trust is crucial, and Gate's compliance qualifications, risk control system, and cooperation with various market regulatory agencies are key to the sustainable development of the business.

According to market news, the cryptocurrency exchange under the Lotte Group, Lotte Wallet, launched a new version of its Android app on October 14, integrating spot and margin trading, with the iOS version to be released later.The two existing independent applications are scheduled to cease operations in early 2027. The new version only supports Passkey login, includes an AI virtual assistant that can answer market information and operational questions, and supports the use of regular Lotte points to purchase cryptocurrencies.

During the promotion of the GENIUS Act by former White House crypto advisor Bo Hines, the consulting firm Nxum, which he co-founded and holds shares in, established a business relationship with Tether. Tether paid over 6 million dollars to Nxum, with the related funds distributed among three partners.Although Hines has exited the daily operations of Nxum, he continued to discuss the act with partners via Signal during his tenure. After the GENIUS Act was signed into law in July 2025, Hines left in August and was appointed CEO of Tether's U.S. stablecoin business in September, raising questions about potential conflicts of interest.

Crypto KOL Qwerty posted that he plans to take a break for a while. He mentioned that he has started to treat trading as a role-playing game, playing the role of Qwerty, and he no longer feels like himself while trading.Qwerty stated that he has emptied all public wallets and will not be active for a long time. Previously, after his call "The Bull is Coming" swept the globe, he gained significant attention, and on October 15, his "The Bull is Coming" single coin profit ranked second on the FOMO platform.