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Initia posted on platform X that on October 23 at 22:59 (UTC+8), attackers exploited a caching vulnerability in the Initia MoveVM script to bypass security checks, forging MoveVM states to credit themselves with unsupported WETH, iUSD, and USDC, while the total supply of the related tokens remained unchanged; INIT was not minted, and the total supply was unaffected.Before the network was paused, the attackers had transferred out approximately $2.7 million in assets, including 105 WETH transferred via LayerZero and about 1.4 million AUSD0, as well as approximately 1.08 million USDC transferred via Noble and CCTP, which were then exchanged for 1135.52 ETH, currently held at the Ethereum address 0x358ef0130f7a5aa516dcd81bdc80b18cde41cac8. Initia stated that the security fix is expected to be completed and audited within a few days, and asset recovery efforts are being advanced with security partners. L1 and Rollup remain in a paused state, and a complete post-mortem report will be released subsequently.

JUST announces the official release of the new white paper. As an important ecological document following the brand upgrade, the new white paper systematically outlines the JUST ecological architecture, the positioning and collaborative relationships of the three core product lines, and provides detailed explanations of the updated JST token economics, covering key content such as governance mechanisms and buyback and burn arrangements.The new white paper helps users, developers, and the community to gain a more comprehensive understanding of the upgraded ecological layout, token mechanisms, and long-term development direction, further enhancing ecological transparency and providing a clear reference for subsequent ecological participation and development integration.

Robinhood plans to launch a retail investment platform in the Middle East next year, with Dubai as its new operational base. The company has obtained authorization from the Dubai Financial Services Authority and will provide trading and custody services for individual users covering 10 asset classes, including stocks, ETFs, and more.

The Swiss financial regulator FINMA has approved the country's first spot Bitcoin ETF aimed at retail investors, allowing the fund to invest directly in Bitcoin under Swiss investment fund regulations. FINMA stated on Tuesday that this ETF falls under the category of "other alternative investment funds" with specific risks under Swiss law.FINMA noted that Bitcoin has a longer trading history and trading volume far exceeding most other cryptocurrencies, thus allowing for exceptions to the rules requiring fund diversification, and listed safeguards regarding custody, operational risks, and investor disclosures. FINMA had previously approved a crypto fund for qualified investors in 2021, while existing Swiss Bitcoin ETPs are classified as debt securities and not investment funds.

Bitcoin News posted on platform X, stating that as the Clarity Act is stalled, regulators are independently formulating rules for the digital asset market based on existing authorities. The Commodity Futures Trading Commission has solicited opinions on a framework for retail digital asset trading, which includes a new category of "crypto asset market" exchanges, with the comment period ending on December 14.The comment period for the Securities and Exchange Commission's proposed Regulation Crypto Assets will close on October 20. The pace at which regulators are crafting rules is faster than congressional legislation, but the relevant rules may face challenges in court or be rescinded by future commissions; a lasting regulatory framework still requires legislation.

The Swiss Financial Market Supervisory Authority (FINMA) has approved the country's first Bitcoin ETF aimed at retail investors. This product falls under "other alternative investment funds" according to Swiss law and is labeled as having special risks. FINMA did not disclose the issuer of the fund, but multiple media outlets have indicated that signs suggest it may come from BIT Asset Management (formerly Matrixport Asset Management), and FINMA did not deny this claim in response to inquiries. Additionally, several fund providers have submitted or announced plans to submit Bitcoin ETF applications.The fund is a single-asset product, with all funds directed towards Bitcoin. To this end, FINMA needed to grant an exemption regarding its risk diversification rules, citing that Bitcoin has a long trading history and extremely high trading volume. In terms of asset custody, participating institutions must take measures to prevent operational and custody risks, with standards referenced from the regulatory announcement issued by FINMA on January 12, 2026, which requires that customer crypto assets are not included in bankruptcy assets in the event of the custodian's bankruptcy. Meanwhile, the sales process must comply with Fidleg's conduct rules to provide higher investor protection than direct purchases of cryptocurrencies, and the fund documents must clearly indicate the associated risks.While approving the ETF, FINMA emphasized that even investing in Bitcoin through an approved ETF carries high risks, with severe volatility potentially leading to significant depreciation of the principal invested, and required the issuer to provide clear warnings about volatility and loss risks. The United States has approved Bitcoin spot ETFs starting January 2024, with BlackRock's iShares Bitcoin Trust launching on January 11, 2024, currently managing approximately $65 billion. The Swiss Exchange has been able to trade Bitcoin products for years, but they have existed in the form of ETPs and do not have fund status; this approved ETF is the first to incorporate Bitcoin into the approved public fund framework.

Bitcoin News posted on platform X that Charles Schwab has opened Bitcoin and Ethereum trading to all eligible retail clients in the United States through its existing investment platform, charging a fee of 0.75% per transaction, with a minimum of $1 and a maximum transaction limit of $2 million.The company is gradually launching digital asset transfers between Schwab accounts and external wallets, requiring users to register their withdrawal addresses in advance and complete security checks. Paxos Trust Company provides custody, trade execution, and settlement infrastructure, and the related digital assets are not protected by SIPC or FDIC insurance.

According to a report by 404 Media, newly submitted court records reveal the specifics of how Telegram provided user data to U.S. authorities after receiving a court order. The documents include a letter written by Telegram, which provides the phone numbers, user IDs, and IP addresses of specific users. This report was completed in collaboration with the independent media outlet Court Watch. It should be noted that the full article requires registration to view, and the currently visible content does not disclose the identities of the users involved or the specific background of the case.

Financial services company Charles Schwab has launched direct trading of Bitcoin and Ethereum for eligible retail clients. The company manages approximately $13.33 trillion in client assets and has 40.3 million active brokerage accounts. Charles Schwab CEO Rick Wurster stated that the company is gradually opening up cryptocurrency transfer in and out functions, with plans to add trading for Solana, Avalanche, and Chainlink by the end of 2026.Currently, transfers support the Bitcoin network and the Ethereum network, and withdrawal addresses must be registered in advance. Schwab Crypto trading fees are 0.75%, with a minimum transaction amount of $1 and a maximum of $2 million. Rick Wurster mentioned that cryptocurrency trading will become one of the new revenue sources based on transactions; the platform is currently not open to clients in New York, Louisiana, U.S. territories, and international markets.

According to official news, NeoSoul expressed understanding of the difficulties in starting a business in the cryptocurrency industry and expressed support for the StandX team and community.NeoSoul will establish a special DNA airdrop quota to reward community contributors who have long participated in the construction of StandX. The specific eligibility rules and claim entry will be announced after the DNA TGE. At the same time, NeoSoul expressed willingness to communicate with the StandX team to jointly explore community support plans.

In September, U.S. retail sales increased by 0.8% month-on-month, higher than the expected 0.3%. The previous value was revised from 1.2% to 1.1%.

Bitget has launched the FASTRETAILING stock perpetual contract. This contract is settled in USDT, supports up to 20 times leverage, and allows trading 24/7. As of now, Bitget supports a total of 356 stock perpetual contract underlying assets.

According to Bitcoin News monitoring, Bitcoin News released a podcast where former Mt. Gox CEO Mark Karpelès discussed the largest supply chain attack in the history of the cryptocurrency industry with Foundation CEO Zach Herbert.Mark Karpelès stated that he discovered a spy implant three weeks before the funds were stolen and contacted Ledger, but received no response. The implant was equipped with a hidden cellular modem that could directly read the mnemonic phrases displayed on the screen and bypass Ledger's own checks; even setting a passphrase would not prevent the mnemonic phrases from being stolen.Mark Karpelès mentioned that if he had $5 million, he could create an implant that would only be detectable through X-rays. The show also discussed the hardware wallet dealer model, the Malaysian dealer behind the attack, on-chain tracking of stolen crypto assets, the spread of the attack to Europe, reasons why Trezor was not targeted, hardware wallet security, and multi-party computation solutions. The show timeline indicated that the amount stolen from hardware wallets reached $100 million, with $86 million transferred out within 24 hours.

The CEO of the stock and cryptocurrency trading platform Robinhood, Vlad Tenev, stated in a recent interview that a significant portion of retail trading is expected to be initiated by AI in the future. The Agent can monitor the market around the clock and handle trades in various assets such as stocks, options, and cryptocurrencies, but most funds may still be held long-term.In May of this year, Robinhood allowed users to trade through third-party AI Agents via MCP, and at the end of September, it announced the direct integration of Agents into the App, with over 150,000 customers having opened dedicated trading accounts at that time. Currently, funds are still restricted through independent accounts; the Agent can view users' other account information but can only place orders within the dedicated account, and funds must be actively transferred by the user. Tenev stated that technically, it is not difficult to directly access the main account, but the company has chosen to gradually loosen permissions.In terms of approval settings, the built-in Agent requires users to approve each transaction by default, but this setting can be manually turned off; external Agents accessed through MCP do not require per-transaction approval by default, and users must enable approval themselves. Tenev also envisions allowing retail investors to deploy trading strategies on servers close to exchanges to reduce order delays, and hopes that ordinary investors can use such infrastructure without needing to understand data centers and network engineering. Robinhood has not yet provided this service and has not announced a timeline for its launch.

The Bank of America Global Fund Manager Survey shows that the biggest tail risk facing the market is a disorderly rise in bond yields, followed by an artificial intelligence bubble.

According to the official website of the U.S. Securities and Exchange Commission (SEC), on October 9, 2026, the SEC officially sued Linqto's former executives William Sarris and Joseph Endoso, accusing them of committing fraud by selling equity in pre-IPO unicorn companies to retail investors through their online platform.Between 2021 and 2024, Linqto's subsidiary sold over $430 million in special purpose vehicles (SPV) to retail investors. The SEC accused the two of: falsely reporting prices below market value (with almost all being above fair value), falsely claiming that stocks were "sold out," pretending that prices were dynamically set by algorithms (when they were actually manually priced), and publicly claiming compliance while knowing they were violating regulations. Additionally, they were accused of illegally operating an unregistered investment company and selling unregistered securities to non-accredited investors.The SEC seeks to impose an injunction against the two, recover illegal gains and interest, impose civil penalties, and prohibit them from serving as executives or directors of public companies in the future. The case is being investigated by the SEC's San Francisco Regional Office, with assistance from the U.S. Attorney's Office for the Southern District of New York and the FBI.