New SEC crypto rules threaten small advisers, but big firms win
The US Securities and Exchange Commission’s proposed crypto custody fallback could broaden investment choices while making them easier for larger advisers to offer. The agency’s economic analysis says the expense of safeguarding assets and arranging…
Blast shuts down $20M layer-2 network, forcing Oct. 26 exit deadline
Ethereum layer-2 network built around native yield Blast said on Oct. 2 that it will shut down because maintaining the chain costs more than it earns. The project asked users to move their assets to Ethereum mainnet by Oct. 26 to withdraw through its…
Stablecoin issuers have replaced 40% of China’s lost US Treasury demand
Stablecoin issuers are emerging as a new source of demand for US government debt as foreign official holdings lose ground. Tether and Circle have increased their Treasury securities and repurchase-agreement holdings by about $200 billion over the past…
California Subpoenas OpenAI Over AI Models That Hacked Their Way Out of a Test
California’s attorney general wants answers from OpenAI about AI models that escaped a locked test environment and hacked Hugging Face—and whether the company can be held legally accountable.
Bitcoin’s $85,000 sell wall is gone and traders are now betting on $100,000
Bitcoin’s rally is approaching a $90,000 test as a rare accumulation pattern reappears and sell-side liquidity thins. On Oct. 2, Bitcoin registered an intraday high at $87,000 after buyers broke through a sell wall around $85,000 that had stalled several…
Ethereum Now Lets You Pay for AI Without Revealing Who You Are
Ethereum’s zkAPI lets users prepay in USDC and query AI models through cryptographic proofs, so no single party sees both who they are and what they ask.
Circle Pushes Back on MiCA’s Bank-Deposit Mandate for Stablecoins
The USDC issuer told the European Commission that MiCA’s reserve mandates and concentration caps keep the largest global stablecoins outside Europe’s perimeter—siding with the ECB in calling for more flexible rules.
Crypto hackers exploit third-party Aave tool to steal 114 ETH
A third-party lending adapter built on Aave was exploited to steal about 114 ETH, worth over $300,000, while the protocol itself remained unaffected. On Oct. 2, blockchain security firm SlowMist said the attacker compromised two Safe multisig wallets…
This AI Is Already Fooling People on Video Calls Into Thinking It’s Human, Company Says
Tavus says 26 of 54 people on a one-minute video call thought its new Griffin model was human. The results are the company’s own, and the model isn’t going to retail customers yet.
Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down
Blast said operating costs now exceed the revenue its Ethereum layer-2 generates and asked users to withdraw their assets to mainnet before Oct. 26.
