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According to market news, several blockchain analysis companies estimate that the assets stolen by attackers from hundreds of wallets associated with the authorized dealer CryptoBilis sold Ledger devices amount to as much as $94.5 million. Ledger has not yet confirmed this total.Hardware wallet company Ledger discovered that at least one affected device had unauthorized hardware implanted inside; stablecoin issuer Tether has frozen $10 million USDT related to this theft, and investigators are still tracking the flow of funds. Ledger advises CryptoBilis customers not to set up devices that have not yet been used; customers who are using related devices should transfer their assets to new devices and generate new recovery phrases.

According to Cointelegraph, the Australian Securities and Investments Commission (ASIC) has proposed to expand the regulatory scope of Contracts for Difference (CFD) to include derivatives settled using digital assets.ASIC aims to add contracts settled through the transfer of digital assets to its definition of CFDs, rather than being limited to contracts settled in cash or offset transactions, provided that these contracts meet other identification criteria for CFDs. If the proposal is approved, Australian traders using crypto-settled CFDs will receive the same protections as cash-settled CFD traders.ASIC has made it clear that certain cryptocurrency futures and options with fixed expiration dates will remain outside this framework. CFDs allow traders to speculate on price fluctuations without holding the underlying asset. The current framework implemented in Australia since 2021 includes safeguards such as leverage limits, mandatory margin calls, and negative balance protection, which limits customer losses to the funds within their CFD trading accounts.ASIC is seeking feedback from the industry and stakeholders on the proposed expansion and revisions, with a deadline of November 9. This move comes as Australia strengthens its broader regulatory framework for digital assets.In April of this year, Australia legislated to include cryptocurrency exchanges and tokenized custody platforms within its financial services licensing framework, with the new system set to take effect on April 9, 2027. ASIC has also required crypto companies relying on temporary enforcement exemptions under existing financial services laws to apply for licenses or seek changes to existing licenses by September 30.

Intel CEO Chen Liwu stated on October 12 in Singapore that the token costs of cutting-edge artificial intelligence models in China are lower, and the adoption speed is "very fast." At a seminar organized by DBS Bank, he mentioned that Chinese models like DeepSeek, Kimi, and GLM perform "well enough."Chen Liwu said, "I firmly believe in open source; it is the best way to drive efficiency." He added that the market will determine which models are best suited for different use cases. He also mentioned that quantum computing could become mainstream in the next 3 to 5 years, and software will play a role in driving the efficient use of some necessary infrastructure.

According to GMGN market data, the market capitalization of the Solana ecosystem meme coin BATON briefly surpassed 20 million USD, reaching a historical high, currently reported at 19.74 million USD, with a daily increase of over 53%.In terms of related narratives, the name BATON originates from Pump.fun's predecessor Baton Corporation, and is viewed by the community as a meme coin related to the early corporate identity of Pump.fun. Meme coin prices are highly volatile and easily influenced by market sentiment and trending events, please be aware of trading risks.

Coinbase co-founder and CEO Brian Armstrong stated: The company has fine-tuned the open-source weight model Qwen3.5-9B using internal proprietary data, which performs better than cutting-edge models in the specific task of fraud prevention, while also being more cost-effective and faster.Armstrong mentioned: Cutting-edge models are excellent general models, but companies will increasingly use specialized models for narrower tasks, which can operate independently or collaborate with teams. He believes this pattern will become more prevalent within the company.He also noted that Coinbase is making it easier for employees to fine-tune models internally and providing relevant skills in internal tools, with example instructions for fine-tuning Qwen for payment risk audits. He anticipates that some backend services may be completely replaced by this new architecture.

According to Reuters, citing informed sources, executives from the Chinese artificial intelligence company Moonshot are negotiating a settlement with a shareholder over a legal dispute ahead of their planned IPO in Hong Kong. The shareholder is seeking compensation for alleged misconduct, and the negotiations have not been previously reported; it is currently unclear whether a settlement is imminent.Recurrent.ai and some of its investors accused Moonshot in a letter to investors' lawyers dated March 11, 2026, that CEO Yang Zhiling and CTO Zhang Yutao made false statements to Recurrent investors and profited at Recurrent's expense. Company records show that the two co-founded Recurrent.ai in 2016 and established Moonshot in 2023, and they remain directors of Recurrent Holdings; the dispute has been in arbitration in Hong Kong since 2024. The letter also stated that key model data servers had been transferred, other data had been deleted, and the two established Moonshot without board authorization. Reuters stated it could not independently verify the allegations.Informed sources said that Recurrent received 9.5% of the original shares when Moonshot was established and is now seeking compensation equivalent to 10.5% of the original shares; based on a valuation of $30 billion during the June financing, this portion could be worth over $700 million. Reuters reported in September that Moonshot had secretly submitted an IPO application in Hong Kong. One informed source stated that the dispute is not expected to jeopardize the listing, but if unresolved, it could lead to governance, equity, and disclosure issues. Yang Zhiling previously denied the allegations, and his lawyer stated that the case lacks legal and factual basis.

Microsoft CEO Satya Nadella published an article discussing the trust framework for the era of superintelligence. He stated that traditional software can trace behaviors back to specific code paths, whereas current superintelligent systems lack this mechanistic understanding and cannot attribute model behaviors and outputs to specific training data or weight configurations. However, they are being deployed and are accessing sensitive data, executing critical actions on behalf of others. He emphasized that responsibility for intelligent behavior cannot be outsourced to model providers, nor can superintelligence be accepted or rejected as a series of nested black boxes.Nadella proposed that the supply of intelligence should be separated from the authorization of intelligence, surrounding nondeterministic models with deterministic system design, human control, and operational procedures, and establishing industry standards when existing standards are insufficient. He suggested managing cutting-edge models with closed-source and open-source weights as internal risks, not because they are inherently malicious, but because agents with sufficient capability that can access important systems may make mistakes or be compromised. Relevant practices include establishing identities, restricting permissions, recording activities, and setting isolation boundaries, with the transparency of the model's reasoning chain becoming a non-negotiable starting point.He further stated that permissions and action controls must be placed outside the model, and the model, orchestration layer, and action space should be separated. Principles include avoiding reliance on a single model as the sole dependency for important outcomes or for verifying its own work, ensuring that critical actions leave tamper-proof and human-readable evidence, continuously testing for failures, attacks, and boundary conditions, allowing organizations to independently decide on access and action permissions, validating independently of the intelligence being verified, presuming that the model has been compromised and supporting mid-course pauses or shutdowns, and timely disclosing and sharing lessons within the industry when failures or compromises occur. He concluded that the most trustworthy superintelligent systems are those that require the least trust in the model itself.

According to Bitcoin.com, the LBTC exchange operation for the Bitcoin sidechain project Liquid Network has been suspended for 35 days. As of October 11, 2026, the project still maintains an 86% support rate; attackers previously exploited a vulnerability in the Elements software to steal nearly 4,000 bitcoins, of which approximately 3,400 have been returned, while the wallet still holds 598.5 bitcoins, valued at 49.69 million dollars.Blockstream rejected the attackers' request for a 10% bounty and demanded the immediate return of the remaining bitcoins. Liquid Network stated that an independent external security audit of Elements v23.3.4 is underway, and the Liquid Federation is synchronizing updates to the PAK list, placing all redemption keys in cold storage.There is currently no specific date for the resumption of redemption operations. Some LBTC holders are migrating funds through applications like Sideswap and Sideshift.ai, with one user stating that due to insufficient liquidity, the migration took several weeks, with a total spread and fees of about 5%.

According to X user @0xJohannes, a Ledger hardware wallet purchased from an official dealer in Europe a few weeks ago was found to contain an unauthorized spy implant. The device has suspicious circuitry inside that genuine Ledger hardware does not possess, indicating it may have been physically tampered with before sale.The implant is suspected to be an older version, as newer versions typically hide components behind the screen. Funds in the affected devices have not yet been stolen. Currently, there are suspected case reports in Asia, South America, and Europe. If the original security components remain intact, Ledger's software Genuine Check cannot detect unauthorized physical modifications.

On-chain detective Specter posted on their personal channel that between October 9 and 10, the attacker addresses related to the CryptoBilis Ledger hardware wallet incident deposited 2990.3 ETH into Tornado Cash, worth approximately 7.45 million USD.Monitoring shows that the attacker previously withdrew funds to 14 addresses, then cross-chained to ZEC via NEAR Intents and processed for privacy. Specter stated that the attacker partially reused previous deposit addresses to submit withdrawal transactions, and some withdrawal transactions were initiated by wallets associated with the addresses that paid Gas fees during the theft, thereby linking the funds to the withdrawal actions.Currently, the attacker continues to transfer and hide the related funds. The previous CryptoBilis incident involved supply chain risks of the Ledger hardware wallet, and Ledger has stated that they are investigating and reminding relevant users to pay attention to device security.

Cryptocurrency analyst Darkfost stated that after the security incident involving Ledger dealer CryptoBilis, discussions in the community have also brought up other potentially related dealer names, including some Lazada merchants.Darkfost indicated that the full extent of the incident's impact is still difficult to confirm. Although Ledger has confirmed a connection to the CryptoBilis incident, it is still unclear whether CryptoBilis is the only affected dealer. He compiled a list of Ledger dealers that may be at risk, stating that these dealers are in close proximity and could potentially have their supply chains compromised simultaneously. However, Darkfost emphasized that this assessment is merely speculative and has not yet been confirmed.Darkfost suggested that if users have purchased Ledger devices from the relevant dealers in the past six months, they may consider transferring their assets to other secure devices until the investigation into the incident is complete. Additionally, he mentioned that users can refer to the guidelines published by security researcher MagicalTux to check their Ledger devices for any signs of tampering.

Crypto analyst Ali posted that the 10-minute cycle chart of Ethereum seems to be forming an "Adam and Eve bottom" pattern. The key resistance level currently being watched in the market is the neckline around 2520 USD. If ETH can consistently close above this level, it may confirm a bullish breakout and further open up upward space, with the target area focusing on 2640 USD.

According to Gate market data, STRK has broken through 0.1 USD, currently reported at 0.1022 USD, reaching a new high for the year, with a 24-hour increase of 40.8%.

According to Decrypt, the French National Assembly's Finance Committee passed two cryptocurrency tax amendments this week: starting from January 1, 2027, exchanges of stablecoins regulated by MiCA will be considered taxable sales; and a departure tax will be imposed on tax households relocating overseas with a total value of cryptocurrency assets exceeding 800,000 euros.The committee rejected the budget revenue portion with a vote of 31 to 3, and the full National Assembly will review the original text from the government. The aforementioned amendments will not be automatically included; supporters must reintroduce them during the debate starting on October 13, with a formal vote scheduled for October 20.The related measures have not yet become law. The stablecoin amendment was proposed by left-wing GDR party member Nicolas Sansu and 16 co-signers, applicable to electronic money tokens as defined by MiCA. The amendment does not set a new tax rate but aims to include the related revenue under France's existing unified tax system of 31.4%.The committee also passed an amendment proposed by Daniel Labaronne, allowing investors to carry forward cryptocurrency asset losses for 10 years to offset future gains. The proposed departure tax applies to taxpayers who have been French tax residents for at least 6 of the past 10 years and whose cryptocurrency assets, including custodial assets, have a total value exceeding 800,000 euros.

According to Xinhua News Agency, on October 10, the Central Committee of the Communist Party of China and the State Council recently issued opinions on developing new quality productivity. The opinions propose promoting the deep integration of the real economy and the digital economy, building a national integrated computing power network and a national blockchain network, improving the system for determining data property rights, market transactions, rights distribution, and interest protection, implementing pilot demonstrations for data elements, and optimizing the layout and operation of national data infrastructure.The opinions also propose improving an open, shared, and secure data element market, exploring mechanisms for efficient cross-border data flow, enhancing the policy system for digital industrialization and industrial digitalization, creating internationally competitive digital industry clusters, and establishing mechanisms for future industry investment growth and risk sharing, thereby strengthening long-term capital investment in cutting-edge hard technology.

According to Salus monitoring, the attacker of the cryptocurrency payment service provider Triple-A has transferred 4,970 ETH (worth approximately 12.4 million USD) into the mixing tool Tornado Cash.In July of this year, the attacker stole assets from Triple-A's own treasury, with public estimates of the loss being around 11.8 million USD. After bridging the funds across chains to the Ethereum network and completing the token exchange, the attacker dispersed the funds to two intermediary addresses on September 6. The attacker consolidated the two streams of funds through a single wallet and recharged them in batches to Tornado Cash, which included 49 transactions of 100 ETH and 7 transactions of 10 ETH, with some of the funds sourced from previous withdrawals from the mixer.

On October 9, the decentralized stablecoin USDD sponsored and attended the Cointelegraph CONNECT event held in Singapore. USDD's Head of Communication Yvonne Chia will participate in a thematic discussion alongside executives from projects such as ether.fi, Mercuryo, and FinHarbor. This discussion focuses on how stablecoins can truly enter daily consumption scenarios through payment infrastructures like cards and wallets.USDD is a multi-chain decentralized over-collateralized stablecoin, currently issued simultaneously on the TRON network, Ethereum Chain, and BNB Chain. Leveraging its seamless compatibility with major DeFi protocols and multi-chain layout advantages, USDD is committed to building a secure, transparent, and efficient decentralized stablecoin product, while continuously exploring the greater value of stablecoins in the real economy.

Andrey Lazutkin, co-founder of Tangem, posted on X that the recent Ledger security incident once again confirms the security engineering principle of "complexity expands the attack surface." He pointed out that every additional component, software layer, and user interaction, such as screens, buttons, batteries, and firmware, introduces new potential points of failure and vulnerabilities, increasing the risks that need to be identified and mitigated.Based on this, Lazutkin defended the minimalist card design adopted by Tangem—this solution is built solely around the secure chip and antenna—and stated that this incident reinforced his judgment about the correctness of this design philosophy.