rust

According to Cointelegraph, Yat Siu, co-founder of Animoca Brands, pointed out that the crypto industry is gradually evolving into a "digital Wall Street," deviating from its original mission of decentralized finance. He believes that to bring the next billion users on-chain, the industry needs a new solution, rather than just relying on tokenization or new wallets. Siu emphasized that only AI agents capable of independently holding user keys and interacting with the blockchain can truly achieve autonomous control of user assets.Siu questioned the current AI agent platforms on the market, particularly Meta's Muse. He noted that Meta's terms of service allow it to "remove user agents at any time and for any reason," which constitutes a significant trust flaw. He believes that personal agents relied upon by users should not be owned and controlled by centralized platforms. Animoca is building the MINDS agent, a multi-agent orchestration system designed to provide user autonomy and support various communication channels and AI model choices.Siu estimates that currently only about 10% of crypto asset holders are truly on-chain, and he believes that AI agents will be a key factor in changing this ratio. He further pointed out that since AI agents use code as their native language, their capabilities in handling complex security issues will surpass those of ordinary users, providing a new perspective for the secure development of the crypto field.

According to the official website of the State Taxation Administration, the Taxation Administration has issued a reminder for offshore trust taxpayers to declare and pay individual income tax on offshore trust income before the transition period ends on October 22. Those who complete the declaration and payment during the transition period will not incur late fees.According to the "Announcement on Matters Related to Individual Income Tax for Offshore Trusts" (Announcement No. 21 of 2026) issued by the Ministry of Finance and the State Taxation Administration on July 24, offshore trust taxpayers are required to declare and pay taxes on offshore trust income. The announcement provides taxpayers with a 90-day transition period, during which the tax authorities will offer tax guidance and tax filing services.

According to The Block, the qualified Bitcoin custodian licensed in Nevada, AnchorWatch Trust Company, has officially launched Bitcoin custody services. Its custody fees are based on a fixed amount pricing model, with a maximum of $10,000 per month, and it can provide optional insurance coverage of up to $370 million for each client.Its client base includes trustees, publicly traded companies, trust institutions, and high-net-worth individuals with qualified Bitcoin custody needs.

Financial technology company Ramp announced that it submitted an application to the Office of the Comptroller of the Currency (OCC) on October 16 to establish Ramp National Trust Bank. If approved, the trust bank license will allow it to provide fiduciary investment management and digital asset custody services, bringing it under a unified federal regulatory framework.In addition, the proposed entity will not engage in accepting deposits or issuing commercial loans.

On October 16, VerityAI, an AI trust and reputation network, received investment from AURUMX Capital. AURUMX Capital possesses compliance resources in traditional finance and digital assets, holding Hong Kong SFC license number 4/9 and MSB qualification. The project has previously received investments from Titan Foundation USA and BlockX.VerityAI is dedicated to transforming market research and predictive signals into on-chain verifiable reputation assets, building a credibility assessment system for contributors in the digital market. AURUMX Capital will leverage its institutional resources to promote the application of VerityAI's verifiable reputation infrastructure in institutional scenarios. Its core product, Signal Explorer, now supports Morph Mainnet and BNB Chain, having generated nearly 20,000+ on-chain signals as of October 16, 2026.

According to the official announcement from Mitsubishi UFJ Trust Bank, Mitsubishi UFJ Trust Bank, in collaboration with Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and TISI, completed an empirical experiment on the joint issuance of yen stablecoins and optimization of cross-border payments from July 17 to 23, 2026.This experiment was supported by the Financial Services Agency's "Fintech Empirical Experiment Hub - Payment Enhancement Project," verifying the feasibility of a multi-bank joint issuance stablecoin model and exploring the application potential of blockchain technology in international remittances and inter-company payments. The results of the experiment showed that the issuance and circulation of stablecoins are operationally feasible, providing important references for the future social implementation of digital payment services and blockchain financial assets.

Binance founder CZ posted on X that spreading FUD to smear competitors for a fee would damage the credibility of one's own exchange. He stated that it is worth pondering whether users are willing to entrust their crypto assets to companies that engage in unethical business practices.CZ also mentioned that such behavior would undermine users' trust in the relevant exchanges and could indirectly provide promotional effects for the smeared competitors, even though this method may be distasteful.

According to Arkham data, at 21:16 Beijing time, the Grayscale Bitcoin Trust (GBTC) address transferred 100.41 BTC to the Coinbase Prime deposit address, worth approximately 8.33 million dollars.

On October 6, the U.S. IRS released Revenue Procedure 2026-20, updating and replacing Revenue Procedure 2025-31 published in November 2025, clarifying that eligible investment trusts and grantor trusts can participate in PoS staking while retaining tax benefits.The IRS defines compliant staking as "property preservation activities," allowing trusts to remain on the passive side and retain their status as investment trusts and grantor trusts (IRC Sections 671 to 677). This safe harbor includes 14 requirements, including shares listed on national exchanges, holding only a single digital asset, assets held by qualified custodians, liquidity policies approved by the SEC, and not hoarding staking rewards. This guidance applies to tax years ending on or after November 10, 2025.

According to The Defiant, stablecoin issuer Agora has received approval from the Office of the Comptroller of the Currency (OCC) to establish a U.S. trust bank, which will take over the issuance and reserve management of AUSD.This trust bank will inherit the issuance and reserve functions of Agora's Bermuda entity, but before officially opening, it still needs to meet regulatory requirements regarding capital, liquidity, and compliance.

Payment infrastructure company Modern Treasury has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish Modern Treasury National Trust Bank, operating as a federally regulated limited-purpose national trust bank, providing digital asset custody and related fiat services.If the application is approved, the bank will allow Modern Treasury customers to custody and transfer stablecoins and fiat through integrated services, but it will not issue stablecoins or provide loans. Modern Treasury co-founder and CEO Matt Marcus stated that stablecoins are the foundational economic infrastructure of the future, and the company has fully integrated stablecoins into its payment platform.Modern Treasury stated that the proposed bank will operate separately from its existing payment business, which has processed over $600 billion in payments among hundreds of institutions. This application comes at a time when crypto and payment companies are competing for national trust bank licenses, with Bastion and Ripple having received conditional approvals, Circle and BitGo having received final approvals, and Kraken's parent company Payward, Zerohash, and Block also having submitted applications.

The Independent Community Bankers of America (ICBA) filed a lawsuit against the Office of the Comptroller of the Currency (OCC) in federal court on Friday, accusing it of exceeding its statutory authority when issuing national trust bank charters to cryptocurrency companies. The ICBA stated that the OCC is implementing "broad new powers not authorized by the National Bank Act," allowing these companies to enter the U.S. banking system without being subject to the same level of regulatory oversight as community banks, putting small banks at a "serious competitive disadvantage."The ICBA is one of the largest banking advocacy organizations in the United States, primarily representing small institutions. Last month, the organization strongly opposed the Digital Asset Market Structure Bill, which failed to advance in the U.S. Senate, arguing that its stablecoin provisions did not protect community banks from direct competition for deposit accounts. ICBA President and CEO Rebeca Romero Rainey stated that Congress did not establish the national trust charter to provide a "backdoor" for cryptocurrency companies seeking to enter the banking system with the credibility of a federal bank charter, as these companies do not bear the same obligations regarding capital, liquidity, regulation, and Federal Deposit Insurance Corporation (FDIC) insurance requirements. An OCC spokesperson responded to CoinDesk that the agency does not comment on ongoing litigation.Recently, the OCC has continued to issue trust charters to cryptocurrency companies, but these companies' business models differ from those of typical community banks and do not offer cash deposit accounts that require FDIC insurance. Approved institutions include cryptocurrency banks Protego and Erebor, as well as existing cryptocurrency firms like Coinbase, Circle, and Crypto.com.

Austrian cryptocurrency exchange Bitpanda's co-CEO Christian Trummer stated in Cointelegraph's Chain Reaction program that with the implementation of the European Union's Markets in Crypto-Assets Regulation (MiCA), European crypto users' trust in regulated platforms has increased. He pointed out that most users trust regulated market participants more than managing private keys themselves.Trummer described the preference for self-custody as a small circle focused on "Crypto Twitter," believing that most users are more inclined to choose regulated service providers. He also called on regulators to enforce MiCA more strictly, stating that some companies are still providing services to European customers without obtaining a MiCA license, putting compliant businesses at a competitive disadvantage.The transition period for existing crypto service providers under MiCA ended no later than July 1, and the European Securities and Markets Authority (ESMA) instructed national regulators to take action against unauthorized companies that continue to provide crypto services after the transition period. ESMA subsequently called for stronger regulatory powers to address unauthorized crypto services and third-country companies soliciting business from EU investors without MiCA authorization.

Bybit CEO Ben Zhou stated in an interview with Turkish media Fintechtime that, reflecting on the 2025 Bybit attack incident, one of the issues was the use of third-party service providers and the excessive concentration of assets within that third-party related system.Zhou mentioned that since then, Bybit has comprehensively adjusted its security policies, shifting to a zero-trust model, while decentralizing wallets across different architectures and strengthening the isolation of local and global operations to reduce the risk of a single attack impacting a large amount of assets. He also stated that Bybit hopes to develop its Turkish operations into a super application covering crypto trading, payments, global transfers, and more investment products in the future.

Bitcoin Magazine reported that the CEO of the retirement account platform iTrustCapital, which has a scale of 1.3 billion dollars, stated that over 50% of the company's clients are buying Bitcoin.The CEO mentioned that investors have been continuously allocating since the price of Bitcoin fell to a low of 58,000 dollars.

According to the official announcement from Sumitomo Mitsui Trust Bank, Sumitomo Mitsui Trust Bank will acquire all shares of Japan Digital Asset Trust Establishment Co., Ltd. (JADAT) held by Bitbank on October 1, 2026, making it a wholly-owned subsidiary.The Sumitomo Mitsui Trust Group has identified the digital asset market as an important growth area, believing that highly reliable asset management and custody functions are highly compatible with its trust business. After becoming a wholly-owned subsidiary, JADAT will accelerate the procedures for management trust registration, striving to officially launch digital asset-related businesses as soon as possible.

Polymarket's Vice President Josh stated on platform X that the team is fully developing a complete Central Limit Order Book (CLOB) based on Rust, as the current CLOB is the root cause of most issues on the platform.According to the plan, the complete order lifecycle process, including trading, settlement, on-chain interaction, indexer, and engine notifications, will be completed in the testing environment in October; in November, all production traffic will be mirrored to the new trading cluster, and results will be compared with the existing system. At the same time, testing permissions will be opened to market makers, and the migration switch plan will be locked in, with two complete drills to be completed before the official switch.Josh also mentioned that if progress goes smoothly, the new system will be officially released, and the migration is expected to require little or no changes for market makers and developers.

Binance will support SpaceX (SPCXB) airdrop plan for MarsCoin (MARSCOIN) holders, as well as Invesco QQQ Trust (QQQB) airdrop plan for Bullish holders. Effective holdings will be counted starting from September 2026, with the first distribution taking place in early October 2026. Users must complete identity verification (KYC) and be from eligible jurisdictions.

X Platform post by Xu Jiayin stated that Bitget has commissioned a third-party security team to conduct an independent forensic investigation into this security incident. Multiple teams are working together to verify remedial measures, confirm the attack vector, and assist in law enforcement cooperation. The investigation results will be announced promptly.He stated that Bitget has sufficient protection funds to cover the related losses and will restore withdrawals as soon as all potential security risks are eliminated.

According to Bitcoin News monitoring, this batch of Bitcoin is worth over 4 million dollars, accounting for about 2.8% of the total Bitcoin related to the Coldcard vulnerability. Crypto Recovery Trust will verify the ownership of the funds and attempt to return them.Alex Thorn, head of research at Galaxy Digital, stated that another 3.0134 BTC was transferred to that address in the same transaction, but its source has not yet been confirmed.