TheNewsCrypto

Ethereum postponed the October 26 Glamsterdam upgrade on Hoodi while developers investigate potential smart contract compatibility issues involving EIP-8037.
The delay affects testnet plans, not Ethereum mainnet. Developers have not announced a replacement date.
Ethereum developers have postponed the planned Glamsterdam upgrade on the Hoodi testnet after concerns emerged about how one of its proposed changes could affect existing smart contracts. The upgrade was scheduled for October 26, but developers have removed the activation date while they investigate the compatibility issues.
The Ethereum Foundation announced the delay on October 22, saying more time was needed to examine EIP-8037 and its interactions with contracts already running on Ethereum mainnet. The postponement does not mean a problem has been confirmed on the live network, and developers have not announced a new date for the Hoodi upgrade.
(Source: Ethereum)
The original schedule also included an increase in Hoodi’s gas limit to 200 million at epoch 132,352. That change has been removed from the postponed activation plan.
EIP-8037 Raises Smart Contract Compatibility Questions
EIP-8037, known as State Creation Gas Cost Increase, proposes changing the gas fees charged when transactions create a new blockchain state, including accounts and persistent contract storage. The aim is to make these fees better reflect the long-term storage costs that Ethereum nodes must handle.
However, changes to gas costs can affect how existing smart contracts behave, particularly when their code relies on specific assumptions about transaction expenses. Security firm ChainSecurity reportedly identified 13 real-world examples of contract patterns that could be affected and has been working with relevant projects to investigate them.
Glamsterdam is a broader Ethereum upgrade that combines changes to the execution and consensus layers. Its planned improvements include enshrined proposer-builder separation, under EIP-7732, and block-level access lists, under EIP-7928. These proposals are intended to improve block production and transaction processing.
The upgrade has already reached the Sepolia testnet, where it activated on October 6. The Hoodi delay gives developers additional time to review the potential compatibility issues before proceeding with further testing.
For ETH holders and Ethereum mainnet users, the postponement does not require immediate action. The delay applies to Hoodi, a public test network, and does not establish a new mainnet launch date. Developers must resolve the outstanding concerns before confirming the next steps for the testnet upgrade.

HSBC began rolling out RedCoin to more than 3.3 million PayMe app users on October 23, with full coverage expected before the weekend.
The launch follows HSBC’s stablecoin issuer licence from the Hong Kong Monetary Authority in April 2026.
HSBC has launched its Hong Kong dollar-backed stablecoin, RedCoin, rolling it out to more than 3.3 million PayMe app users starting October 23. The launch makes HSBC one of the first major global banks to bring a retail-facing stablecoin to market at this scale.
It arrives approximately six months after the bank received its stablecoin issuer licence from the Hong Kong Monetary Authority in April 2026. The rollout is being handled in stages to avoid overwhelming servers. Full coverage across all PayMe users is expected before the weekend.
Users can activate their RedCoin wallet directly in the app after an update. Besides, no minimum balance and no additional account-opening requirements. The interface has been designed to stay consistent with the existing PayMe experience. The idea being that adoption should not require users to learn anything new.
What RedCoin Does Right Now?
In the first phase, RedCoin supports peer-to-peer transfers and peer-to-merchant payments through PayMe. Merchant settlement in this phase aligns with conventional Hong Kong dollar processing schedules. Businesses can accept it without any additional investment or infrastructure changes.
Settlement speeds are expected to increase in later updates. Also, the stablecoin wallet shares existing limits with standard HKD wallets in PayMe, and no additional tier of restrictions applies.
Moreover, HSBC completed an internal pilot involving nearly 100 staff before launch, testing the full customer journey. The pilot showed smooth integration and quick user adoption, which the bank says gave it confidence heading into the broader rollout.
Where It Goes From Here?
HSBC plans to fully integrate RedCoin into its Hong Kong mobile banking app by year-end. In addition, that integration unlocks instant subscription to tokenised asset products. It starts with money-market funds at a minimum investment of HK$100 (approximately US$12.75).
John O’Neill, Managing Director of Digital Assets and Currencies at HSBC, stated that the value proposition is that traditional investment settlement takes days, but stablecoin-based subscriptions settle instantly. Furthermore, it lowers the entry threshold significantly.
Tokenised gold and third-party funds are next in line, with wholesale applications being explored with designated partners. The bank has supported US$8.3 billion in digitally native bond issuances globally, and its tokenised gold product, launched more than two years ago in Hong Kong. It has reached a cumulative traded value of US$2.5 billion.
To drive early spending adoption, HSBC plans to introduce cashback rewards and promotions at shopping and dining brands. Significantly, RedCoin’s retail reach and planned integration with tokenised investment products put HSBC ahead of most financial institutions in the real-world deployment of digital currency at scale.
Crypto Market Highlights
Starknet Community Backs Quantum-Resistant L1 Research With 93.52% Support

Chinese prosecutors are seeking confiscation of 61,896 Bitcoin worth more than $5 billion, alongside XRP, Dogecoin and other assets linked to the fraud.
The court has accepted the application, but the final confiscation and distribution of assets remain unresolved.
Chinese prosecutors are seeking to confiscate 61,896 Bitcoin worth more than $5 billion, along with other cryptocurrency holdings and assets linked to a major investment fraud that affected more than 102,000 investors.
The Tianjin No. 2 Intermediate People’s Court accepted the confiscation application on September 28 and published a notice on October 13, according to Chinese media reports. The Bitcoin was seized by British authorities in an investigation involving Zhimin Qian, who operated an illegal wealth-management scheme in China.
Between April 2014 and August 2017, Qian’s operation raised more than 40.378 billion yuan, equivalent to approximately $5.7 billion at reported exchange rates. Investors suffered losses of around 19.977 billion yuan, according to the court-related disclosures.
Other Crypto Assets Included in the Case
The confiscation application covers 61,896.41552945 BTC, as well as other digital assets, including Bitcoin Cash, Bitcoin Gold, Bitcoin SV, XRP and Dogecoin. Cash, jewelry, bank balances and other financial assets are also included.
Qian left China in 2017 and later moved to the United Kingdom. British police seized devices and cryptocurrency-related assets connected to the case in 2018. In November 2025, Qian was sentenced to 11 years and eight months in prison in the UK after pleading guilty to cryptocurrency-related money-laundering offences.
The confiscation request does not mean the Bitcoin has already been transferred to Chinese authorities. British authorities currently hold the seized assets, and legal proceedings in both countries could affect their eventual distribution.
A UK High Court ruling on October 12 determined that Chinese law should govern key questions about investors’ ownership claims to the Bitcoin. The ruling did not finally decide who owns the assets.
The Chinese court has opened a six-month notice period for investors and other interested parties to participate in the proceedings. The final decision will determine how the assets are handled and what compensation may be available to victims.

Starknet non-binding Snapshot poll received 93.52% support from voting power across more than 2,800 wallets over seven days.
StarkWare abstained to avoid influencing the vote, and any transition to an independent Layer 1 will require a separate governance vote after the research and design phase.
Starknet token holders have given StarkWare and the Starknet Foundation a clear mandate to begin researching a potential transition from an Ethereum Layer 2 into an independent, quantum-resistant Layer 1 blockchain. The non-binding Snapshot poll ran for seven days and closed today, with 93.52% of voting power in favour, across more than 2,800 participating wallets.
StarkWare abstained from the vote deliberately, stepping back so the community could make the call without the developer’s influence skewing the result. This vote authorises research, not transition. Formal approval of any move to L1 will require a dedicated governance vote once the research and design phase concludes.
In addition, StarkWare plans to release a draft whitepaper in November, and a joint working group from StarkWare. The Starknet Foundation will publish findings to the governance forum as they develop.
Why Independence From Ethereum Is Being Considered?
The reasoning behind the proposal is security. Specifically, quantum security. Starknet is already well-positioned for a post-quantum future. Moreover, its core protocol runs on hash-based STARK proofs, which are resistant to quantum computing attacks.
Its programmable accounts can adopt post-quantum signature schemes without requiring a protocol upgrade, a flexibility most networks don’t have. In StarkWare’s NIST-informed assessment of cryptographic agility, Starknet is the only network assessed with evidence across all eight measures.
The problem is what Starknet inherits from Ethereum. The bridge and data availability layer both depend on Ethereum’s security, and Ethereum is targeting December 2029 for a quantum-resistant L1, with wider migration extending beyond that timeline.
As long as Starknet operates as an L2, its path to full post-quantum security is tied to Ethereum’s pace. An independent L1 removes that dependency entirely. StarkWare is aiming to build a security framework capable of responding to quantum computing threats by 2027.
What Stays the Same
STRK remains the native token regardless of which direction the research points. There are no plans to issue a new token. For holders and builders on Starknet, the community vote changes the research direction, not the day-to-day network operation or token structure.
Also, the research group begins work now, with updates shared progressively through the governance forum. If the findings support moving forward, detailed proposals will follow, and the community will vote again before anything is finalised.
Significantly, a 93.5% mandate from token holders signals strong community alignment behind long-term security infrastructure, which tends to attract institutional attention over time, even before a transition is formally approved.
Crypto Market Highlights
Railway Pauses All Deployments After Customer Environment Variable Breach

CZ warned crypto users to be cautious after two PHP vulnerabilities, each rated 9.2 out of 10, were disclosed.
PHP released patches on October 21, while cybersecurity agencies urged organizations to update vulnerable systems amid reports of active exploitation.
Binance founder Changpeng Zhao has urged cryptocurrency users to be cautious when visiting websites after two critical vulnerabilities were discovered in PHP, a programming language widely used to build websites and online applications.
In a warning posted on October 21, Zhao pointed to the flaws, identified as CVE-2026-109618 and CVE-2026-109619, and cautioned that website administrators may not have installed the latest security updates.
Call me paranoid, but be extra careful visiting ANY web site in the next few days, as some web admins are not always up-to-date with security patches. Two vulnerabilities (CVE-2026-109618 and CVE-2026-109619) reported for PHP, the web programming language, affecting servers running popular apps like WordPress and Magento, with patches released October 21, 2026 after details leaked early. Exploitation was confirmed in the wild soon after disclosure, prompting quick WAF protections and patching by IT teams, as unauthenticated attacks could turn visited sites into vectors for credential theft or device exploits. Stay SAFU!
— CZ BNB (@cz_binance) October 21, 2026
The vulnerabilities carry a severity score of 9.2 out of 10 and could allow attackers to execute malicious code on affected servers without authentication. This could give attackers access to server files or databases and allow them to alter website content.
Emergency Security Updates Released
The PHP development team released security updates on October 21, urging administrators to update their systems immediately. The fixed versions are PHP 8.2.35, 8.3.36, 8.4.27 and 8.5.12.
According to the official PHP advisory, one vulnerability involves memory corruption when the system runs out of memory, while the other involves internal data remaining accessible after its memory has been released. Both flaws can potentially allow remote code execution under affected configurations.
The security concerns have prompted warnings from government cybersecurity agencies. The European Union Agency for Cybersecurity and other European bodies urged organizations to identify affected systems and apply the available patches. New Zealand’s National Cyber Security Centre also reported awareness of active exploitation.
For cryptocurrency users, the concern is that attackers who compromise a website could potentially modify its content or insert fraudulent wallet connection prompts and login pages. However, the flaws primarily affect website servers; visiting a PHP-powered website does not automatically compromise a visitor’s device or crypto wallet.
The PHP team said updating is the only complete fix. Administrators running older, unsupported PHP versions may need to upgrade or obtain appropriate fixes from their software providers.
As of October 22, reports of exploitation had emerged, but no confirmed incident directly linking these vulnerabilities to a cryptocurrency exchange breach or user wallet losses had been established in the sources reviewed.

CoinDCX denies new $16M crypto hack allegations, saying the flagged wallets were compromised in July 2025 and have not been used by the exchange since.
Blockchain investigators flagged approximately 15.99 million USDT and 5,783.81 TRX in transfers on October 21.
ZachXBT questioned CoinDCX’s explanation, alleging that a previously compromised address remained active for months after the breach.
One of India’s leading cryptocurrency exchanges, CoinDCX, has denied allegations of a new security breach after blockchain investigators flagged approximately $16 million in USDT and TRX transfers from wallet addresses reportedly linked to the platform.
The transactions, reported on October 21, have raised fresh questions about CoinDCX’s July 2025 security breach and the status of its previously compromised wallets. Responding to the claims in a statement on X, CoinDCX said “users’ funds are safe” and described the reports surrounding the wallet addresses and transactions as “misleading.”
The exchange explained that the addresses were created in January 2025 and compromised during the July 2025 incident. According to CoinDCX, these wallets have not been used by the platform since then.
“The activity now being reported relates to these old addresses and does not have any connection with CoinDCX,” the company said. It added that trading and investing on the platform continued as usual.
Users’ funds are safe. Claims circulating on X regarding certain wallet addresses and transactions are misleading. The transactions mentioned in recent claims involve old wallet addresses created in January 2025. These addresses were compromised in July 2025 and have not been used by CoinDCX since. The activity now being reported relates to these old addresses and does not have any connection with CoinDCX. Trading & investing continue as usual. For updates, trust only official CoinDCX channels. For any queries, reach out to @CoinDCX_Cares
— CoinDCX (@CoinDCX) October 22, 2026
CoinDCX co-founder Sumit Gupta also rejected the allegations, saying the addresses flagged by Arkham previously belonged to the exchange but were compromised in the 2025 breach. He suggested that hackers may be reusing those addresses, causing a false alarm.
Gupta said the exchange reviewed its current company and user wallet addresses and found no transfers to the old wallets. He added that no CoinDCX funds had been compromised and that the team was continuing its investigation.
Old Wallet Activity Raises Questions
The denial follows claims by blockchain security investigator Darcy, associated with Salus, who reported transfers involving approximately 15.99 million USDT and 5,783.81 TRX at around 23:35 UTC on October 21. The reported transactions raised concerns about possible suspicious activity involving wallets linked to CoinDCX.
10 月 21 日 23:35:54（UTC+8），CoinDCX 疑似被盗取约1,599 万 USDT 和 5,783.81 TRX CoinDCX 热钱包及多个充值地址，向 TRON 地址 TAg6SZ1HhgVVjUaKY1paQoFBUS2JFrg5bT 转入约 1,599 万 USDT 和 5,783.81 TRX 其中最大单笔为 15,819,002 USDT，该地址随后向多个地址转出资金，经多次拆分流向Binance、OKX、Gate 等充值地址
— Darcy 资产救援 (@DarcyAri) October 22, 2026
Following that, Blockchain investigator ZachXBT questioned CoinDCX’s explanation of its earlier security breach. He alleged that an address identified as TQKJQ continued receiving deposits for around 10 months after the July 2025 incident, with activity reportedly recorded in April and May 2026.
ZachXBT also claimed that the address had connections to CoinDCX’s current public hot wallets. He argued that this activity raises questions about the company’s statement that the compromised addresses were no longer in use.
However, the reported blockchain activity does not, by itself, establish that CoinDCX suffered a new security breach or that customer funds are missing. The exchange maintains that the addresses involved are old and that the transactions have no connection to its operations.
The controversy follows CoinDCX’s July 19, 2025, security incident, when an internal operational account used for liquidity provisioning on a partner exchange was compromised. In its official incident report, the company said customer wallets were unaffected and that it would cover the financial exposure from its own treasury reserves.
The latest dispute centers on whether the wallet activity identified by investigators contradicts CoinDCX’s explanation. While the exchange maintains that its funds remain secure, the competing claims have not been independently resolved. No new CoinDCX breach has been confirmed by the evidence cited in these reports.

Railway paused all deployments after detecting unusual activity while investigating the full scope of the security incident.
An unauthorised third party may have accessed encrypted customer environment variables, obtaining the decrypted contents of some of them.
Cloud platform Railway has disclosed a security incident involving unauthorised access to systems that store customer environment variables. The company detected anomalous activity yesterday and has since paused all deployments while it investigates the full scope of what happened.
The core of the disclosure is this: an unauthorised third party may have accessed encrypted environment variables stored on Railway’s platform. Moreover, for some of them, they obtained the decrypted contents.
Environment variables are the settings and secrets applications need to run: API keys, database credentials, registry credentials. If those values were exposed in readable form, the potential damage extends well beyond Railway itself.
The company says initial analysis suggests the impact may be limited to a subset of users, but the review is ongoing. Railway has not said how the attacker got in, how many accounts were affected, which variable store was involved, or how encrypted values became readable in the first place.
One detail Railway has shared is its theory on motive. The company believes this incident is part of a recent series of attacks targeting platform companies with the specific goal of compromising AI inference providers. The services that run AI models in response to user requests.
In addition, Railway says it has notified upstream providers and asked them to proactively revoke all keys, though it has not identified which providers were contacted.
What the Deployment Pause Means?
All Railway deployments are currently paused while the investigation continues. Until builds are restored, customers cannot roll out new versions of their applications. That’s a direct operational cost that goes beyond the security concern; teams with active release schedules are blocked until Railway clears the incident.
Significantly, Railway says it will contact affected customers directly by email as it confirms which accounts were hit. Also, updates are being posted to its status page and linked incident report.
Railway is not waiting for the investigation to conclude before telling users to act. The recommendation is clear and applies to every user regardless of whether your account has been confirmed as affected.
Immediately rotate all environment variables stored on Railway. That includes every API key, database credential, and private registry credential. Review service logs for any unusual activity during and after the window of the incident. Treat every secret stored on Railway as compromised until you have rotated it and confirmed no unauthorised use.
Crypto Market Highlights
SSV Labs Faces a Funding Reset as DIP-59 Shelves New Products

The SEC lists TSV LLC, OKXICE and Perpetuals.com as the first three firms to submit notices of intent to operate tokenized securities venues under its Innovation Exemption.
The exemption requires at least 30 days of public notice and preserves investor protections, but filing a notice does not mean a company has SEC approval to launch.
The U.S. Securities and Exchange Commission (SEC) has listed three companies seeking to launch blockchain-based trading platforms for tokenized U.S. stocks under its new Innovation Exemption.
The firms are TSV LLC, OKXICE and Perpetuals.com, according to the SEC’s official list, updated October 21. TSV LLC submitted its notice of intent on September 23, followed by OKXICE on October 4 and Kephas Corporation, which operates as Perpetuals.com, on October 14.
Source: SEC
The filings come after the SEC introduced its Innovation Exemption on September 17, giving qualifying tokenized securities venues temporary, conditional relief from the usual definition of an exchange under federal securities law. The framework is designed to allow certain blockchain-based trading systems to operate under specific conditions while the regulator gathers feedback on the approach.
Still, appearing on the SEC’s list does not mean the companies have received approval to launch. The regulator has explicitly stated that submitting a notice does not establish that a firm meets the exemption’s requirements.
SEC Sets Conditions for Tokenized Stock Trading
The exemption covers certain tokenized National Market System stocks, which include shares listed on U.S. national securities exchanges. It allows qualifying venues to use blockchain-based systems, including automated market makers and liquidity pools, subject to the order’s conditions.
Each venue must publish its operating notice on a publicly accessible website at least 30 calendar days before beginning operations. It must also notify the SEC within one business day after publishing the notice.
The framework includes safeguards for investors. Tokenized shares must preserve the rights and privileges associated with their corresponding traditional shares. Companies whose stocks are tokenized by third parties can also object to their shares being offered through a venue under the exemption.
OKXICE, a joint venture involving crypto exchange OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange, has said its planned platform would use OKX’s X Layer network. Its notice initially listed more than 60 U.S.-listed companies for potential tokenization.
TSV LLC and Perpetuals.com have also submitted notices, but their inclusion on the SEC’s list does not confirm that their platforms are operational.
The exemption is temporary and conditional, with the SEC’s order scheduled to expire five years after its publication in the Federal Register unless the agency changes or extends the framework. The three filings mark an early step in efforts to bring more U.S. stock trading onto blockchain-based infrastructure.

DIP-59 proposes pausing new product development until June 2027 as SSV Labs adjusts to tighter funding and challenging market conditions.
The proposed funding will cover protocol maintenance, security, and compatibility with Ethereum upgrades.
SSV Labs submitted proposal DIP-59 to the SSV Network governance forum on October 21, and the language inside it is more candid than most governance proposals tend to be. Funding has narrowed, and the market conditions and the DAO’s financial position have forced a recalibration.
New product development is off the table, at least through June 2027. What remains is maintenance, security, and making sure the protocol stays compatible with Ethereum’s own upgrade schedule. Moreover, that is the honest scope of what DIP-59 is asking the DAO to fund.
What the Proposal Actually Does?
DIP-59 amends and extends DIP-31, the original development roadmap covering January 2025 through mid-2026, which was previously amended by DIP-53. The extension pushes the engagement through June 30, 2027. It is likely narrowing its scope as of July 1, 2026, and restructuring the remaining payment instalments.
The extension period runs in two parts. From June 30, 2026, to January 1, 2027, SSV Labs will deliver a defined network stewardship roadmap. From January 1, 2027, to June 30, 2027, the Maintenance Period, the focus shifts entirely to protocol maintenance.
In addition, the third and final grant instalment under DIP-31, totalling 1,736,111.11 SSV, has not been paid. DIP-59 revises and restructures that commercial arrangement rather than simply paying what was owed.
The Deliverables Still on the Table
Despite the scaled-back scope, the work planned for Q4 2026 is non-trivial. SSV Labs is committed to executing the Glamsterdam fork, participation in the public test network, a mandatory operator release, support through Ethereum’s mainnet fork window expected in Q4 2026, and post-fork stabilisation. This is deadline-driven work with dates set externally by Ethereum’s own schedule.
Also, the checkpoint sync completion and rollout is also on the Q4 list, including implementation, validation on local multi-operator test networks, and rollout through the standard release process including documentation and operator communications.
The Financial Structure
The first two instalments under DIP-31 covering 2025 remain unchanged. For 2026, SSV Labs is requesting 1,500,000 USDC, payable in the first scheduled batch of January 2027. For the first half of 2027, the request is 2,700,000 SSV, with 1,000,000 SSV payable initially and the remaining 1,700,000 SSV subject to a Conversion Option.
That option gives SSV Labs the discretionary right to receive 900,000 USDC instead of the 1,700,000 SSV, exercisable by written notice at least five business days before the first scheduled batch of July 2027. If the option is not exercised, the 1,700,000 SSV pays out in six equal monthly instalments of 283,333.33 SSV starting July 2027.
Furthermore, SSV Labs is also granted a first-ranking security interest over 900,000 USD held by the SSV Foundation, funds that may be deployed for yield generation through permitted venues.
Crypto Market Highlights
Pudgy Penguins (PENGU) Climbs 8%: Will Buyers Push for a Bigger Rally?

The 26th NextGen Payments & RegTech Forum is one of the leading Payments, Compliance and Financial Crime events in the USA. It brings together senior voices from Banking, Fintech, Payments infrastructure, digital assets and Regulatory Technology. The Forum takes place on 10 November 2026 at the W Hotel, Austin, and will feature the thought leaders shaping the next phase of US payments. It is also recognised as a leading RegTech conference in the USA and a key payments summit in Texas, offering insight into real-time payments, fraud prevention, agentic commerce, open banking and tokenised money.
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Jason C. Honeycutt, Chief Compliance Officer at Ouro
Jason Jerina, VP Head of Platform Optimization at Truist
Jo Davenport, SVP, Fraud Director at Third Coast Bank
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Agentic Payments – The Companion to Agentic Commerce: consent, liability and secure execution when an agent initiates a transaction
Digital Identity & Wallets – Authentication, Passkeys and Tokenised Credentials: reducing friction and fraud across the customer journey
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RegTech Modernisation – Smarter AML, Sanctions & Monitoring with Responsible AI: reducing false positives and AI governance
Open Banking, Data Sharing & Privacy – Building Trustworthy Consent-Based Experiences: data access, risk and monetisation
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Digital Assets & Tokenised Money – Stablecoins, Settlement and Compliance Reality Check: use cases, controls and interoperability with traditional rails
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The OCC finalized GENIUS Act rules on stablecoin reserves, redemptions, custody and risk management, effective January 18, 2027.
The rules also cover capital, audits, reporting and certain foreign issuers, while application procedures remain separate.
The U.S. Office of the Comptroller of the Currency (OCC) has finalized its rules governing payment stablecoin issuers under the GENIUS Act, establishing requirements for reserves, redemptions, custody and risk management. The rules are scheduled to take effect on January 18, 2027.
Announced on October 21, the final rule sets out how institutions under the OCC’s supervision must comply with the federal framework for payment stablecoins. The GENIUS Act, signed into law by President Donald Trump in July 2025. That created a regulatory structure for these dollar-linked digital assets like USDT and established requirements for issuers.
.@USComptroller Jonathan V. Gould: Today’s final rule advances @POTUS Trump’s and @SecScottBessent’s vision for American leadership in digital assets. We are providing a clear, practical framework for payment stablecoin innovation, with strong standards for reserve backing, redemption, and risk management. The OCC is drawing on its longstanding supervisory expertise to support responsible growth and innovation for this new industry. https://t.co/IWuIHnQQ0f
— OCC (@USOCC) October 21, 2026
The rules cover the assets issuers can hold to back their stablecoins, how holders can redeem tokens for money, and safeguards for custody activities. They also establish requirements related to capital, audits, reporting and risk management.
Rules Set Standards for Stablecoin Issuers
The OCC’s framework is intended to bring payment stablecoin activities under clearer federal oversight. Payment stablecoins are designed to maintain a stable value against a reference asset, usually the U.S. dollar, and are widely used for crypto trading and digital payments.
Morethan, the final rule also addresses foreign payment stablecoin issuers that fall within the OCC’s jurisdiction. However, the announcement does not mean every stablecoin issuer will automatically receive authorization to operate in the United States.
The OCC said it would separately announce when it begins accepting applications and waiver requests from prospective issuers. Other parts of the GENIUS Act require coordination among federal agencies, including work on anti-money-laundering and sanctions compliance.
With the January 18, 2027, effective date approaching, affected institutions have a defined timeline to prepare for the new requirements. Still, the OCC’s rule is one part of the broader implementation of the GENIUS Act, rather than the completion of every federal rulemaking under the law.

Pudgy Penguins is trading within the $0.0081 range.
PENGU’s long-term trend is bullish and controlled by buyers.
Pudgy Penguins’ PENGU token is currently trading at $0.008101, up by over 8.5%, with volume settling at $127.34 million. The 24-hour range sits between $0.007479 and $0.008204, with the weekly low at $0.007078. The token has been recovering from a prolonged decline.
The catalyst would be the recent announcement: PENGU is now available to buy, sell, and hold on SoFi, the first nationally chartered bank in the US to offer crypto services to its members. On the other hand, the $0.008320-0.008395 zone acts as a critical barrier for a stronger bullish move.
PENGU could target the $0.0082 region if buyers maintain momentum. A stronger breakout would improve the technical outlook and expose resistance near $0.0083. Stronger demand could eventually push prices even higher.
However, sellers could regain control if PENGU loses support near $0.0080. The next immediate downside level stands around $0.0079. A deeper decline might expose major support levels below.
Pudgy Penguins’ Technical Chart Turns Positive
The 4-hour analysis reveals that the Moving Average Convergence Divergence (MACD) line is above the signal line, crossing over the zero line. It hints that the market is in a strong bullish trend. Overall, the long-term trend of Pudgy Penguins is firmly bullish and controlled by buyers.
The short-term buying momentum is accelerating faster than the long-term average. This setup confirms increasing momentum behind the current move. This is one of the most reliable continuation signals for a healthy bull market. Traders see this as a strong signal to hold existing long positions and enter buying opportunities.
(Source: TradingView)
Moreover, the daily Relative Strength Index (RSI) of PENGU is at 64.79, indicating strong bullish momentum with active buying pressure. It is sitting comfortably above the neutral 50 mark, with the buyers currently driving the price action and outperforming sellers.
The asset is nearing the overbought threshold, reflecting accelerating upward strength without being overextended. It suggests a healthy, established uptrend that still has room to expand higher. The market holds solid upward momentum, though traders will monitor for a push above 70 for extreme conditions.
Crypto Market Highlights
MEXC Tightens Compliance Rules With Russia and Belarus Exit

Zcash developers are targeting block 3,543,405 for NU7 mainnet activation around November.
NU7 will reduce target block times from 75 to 25 seconds, remove 60% of transaction fees from circulation and disable legacy Sprout transactions.
Zcash’s NU7 mainnet upgrade is targeting activation at block 3,543,405, expected around November 5, following final changes to ZIP 259, according to Zcash development team Zakura.
In an October 21 post on X, Zakura said the activation height was being set as part of the final changes to the deployment proposal. The team also confirmed that it had updated its NU7 dashboard to reflect the planned activation point.
(Source: Zakura)
The upgrade will introduce several changes to Zcash, including faster block production, adjustments to transaction fees and the shutdown of the network’s legacy Sprout transaction format.
NU7 has already reached the Zcash testnet on Oct 4, where developers can assess the changes before the main network rollout. The November 5 date remains an estimate because activation depends on reaching the specified block height, rather than a fixed time.
NU7 to Cut Target Block Time to 25 Seconds
One of the upgrade’s main changes is a reduction in Zcash’s target block interval from 75 seconds to 25 seconds. Blocks will therefore be targeted three times more frequently, potentially reducing transaction confirmation delays. The change does not mean that every transaction will confirm within 25 seconds, as actual confirmation times depend on network conditions.
NU7 will also introduce the Network Sustainability Mechanism and remove 60% of transaction fees from circulation. Under the planned rules, those fees will be held for future issuance, with the mechanism designed to preserve Zcash’s existing halving schedule. The planned reintroduction of funds is expected to begin around February 2031.
The upgrade will also disable version 4 transactions, which are required for transfers from Zcash’s legacy Sprout privacy pool. As a result, funds remaining in Sprout after activation will become unspendable under the new consensus rules. Users with funds in that pool should review their wallets and move eligible funds before the upgrade.
NU7 does not introduce a new transaction format. However, full-node operators, indexers and block explorers may need compatible software to follow the upgraded network.
The November target gives exchanges, wallet providers and infrastructure operators a limited window to prepare for the consensus change.

Blockchain.com and Binance US are seeking CFTC approval to enter the U.S. prediction market sector, joining Coinbase and Gemini.
Monthly trading volume on Polymarket and Kalshi reached $72 billion in September 2026, up from $17 billion in January.
Blockchain.com and Binance US are seeking U.S. regulatory approval to offer prediction markets, joining a growing group of cryptocurrency companies looking to expand beyond traditional digital asset trading.
According to a Financial Times report published on October 21, Binance US recently applied to the U.S. Commodity Futures Trading Commission (CFTC) for authorization to offer prediction markets. Blockchain.com filed its application last week, the report said.
Blockchain.com confirmed on October 13 that it had applied for two registrations with the CFTC: a Designated Contract Market (DCM) licence and registration as a Futures Commission Merchant (FCM). If approved, the registrations would allow the company to offer event contracts and crypto derivatives, including futures and options, to U.S. retail and institutional customers.
The company already offers prediction markets and perpetual futures to users in eligible international markets. Its U.S. applications aim to bring these services onto its platform for American customers.
Binance US had previously announced plans to seek a DCM licence. Chief Executive Stephen Gregory said in July that the exchange intended to apply in August.
Prediction Market Volumes Rise as Crypto Trading Slows
The latest applications come as prediction markets attract more trading activity while cryptocurrency exchanges face pressure to diversify their businesses.
Prediction markets allow users to trade contracts tied to the outcomes of real-world events, including elections, economic decisions and sporting events. Contract prices can reflect the probability traders assign to a particular outcome, with payouts determined by the market’s settlement rules.
Combined monthly trading volumes on leading prediction-market platforms Polymarket and Kalshi climbed from $17 billion in January to $72 billion in September 2026, according to The Block data. That represents an increase of more than four times. Over the same period, spot cryptocurrency trading volume fell 18%.
Source: The Block
Other exchanges are also pursuing the market. Coinbase has partnered with Kalshi to offer event contracts, while Gemini operates its own prediction-market service. Crypto.com and Bullish are also among the companies pursuing opportunities in the sector.
Neither Blockchain.com nor Binance.US has received regulatory approval for the proposed services. A DCM designation is required to operate a regulated exchange for covered event contracts, while FCM registration is required for businesses that handle customer orders and funds for derivatives transactions.
Both companies must secure the relevant regulatory approvals before launching the proposed U.S. services.

MEXC will discontinue services for users located in Russia and Belarus as it strengthens global compliance.
The decision does not affect all MEXC users, and those outside those countries can continue trading.
Crypto exchange MEXC has announced it will discontinue services for users located in Russia or Belarus as part of what the platform describes as its ongoing efforts to strengthen global compliance. The decision marks a significant operational shift for one of the larger centralised exchanges still serving those regions.
Significantly, MEXC is not shutting down broadly, and this change does not affect every account holder on the platform. Users based outside Russia and Belarus can continue trading as normal under the platform’s existing terms of service.
Who Is Affected and What Happens Next?
Affected users will receive individual notifications through their registered email address and in-app messages. Each notification will outline the specific timelines and procedures for closing open positions and withdrawing assets. The platform has been clear that every impacted user will receive personalised instructions, not a blanket one-size-fits-all timeline.
If you have not received a notification, your account is not affected. Moreover, MEXC has confirmed that unnotified users may continue using all trading services as usual without any interruption.
Users with questions about their account status or the applicable withdrawal procedures are directed to contact MEXC Customer Service directly rather than relying on third-party sources or unverified information.
The Assets Are Secure
MEXC has explicitly stated that affected users’ assets remain safe throughout this process. Additionally, the exchange has committed to giving each impacted customer a clear schedule and step-by-step instructions to close positions. Also, to move funds out before any service cutoff takes effect.
Alongside the announcement, MEXC reminded users that it will never request payments, account credentials, seed phrases, or asset transfers through private messages. Given that compliance-related announcements like this tend to attract phishing attempts and impersonation accounts. Users are advised to verify all communications through official MEXC channels only and to be cautious of unverified links or messages claiming to be from the exchange.
MEXC’s decision follows a broader trend of centralised exchanges tightening their compliance posture in response to international sanctions frameworks and regulatory pressure. Russia and Belarus have been subject to increasing financial restrictions across traditional and digital asset markets, and this move puts MEXC in line with the compliance standards that most major global exchanges have already adopted.
Crypto Market Highlights
Kazakhstan Targets Coinbase and Five Other Crypto Platforms With Court Injunctions

Ripple backed the SEC’s proposed Regulation Crypto Assets but urged clearer rules on token classification and when investment contracts end.
Ripple wants the SEC to clarify that filing Form TR does not automatically mean an issuer admits its token was previously a security or that it violated securities laws.
Ripple has backed the U.S. Securities and Exchange Commission’s (SEC) proposed Regulation Crypto Assets, while asking the agency to clarify how securities laws apply to crypto tokens and when an issuer’s legal obligations end.
In a comment letter submitted on October 20, Ripple said the SEC has the authority to adopt the proposal and called for a consistent regulatory framework for the digital asset industry. Ripple Chief Legal Officer Stuart Alderoty confirmed the filing and said the company had spent more than $150 million on its legal battle with the regulator.
Source: Ripple
The SEC introduced Regulation Crypto Assets on August 18. The proposal would create two exemptions from securities registration requirements for certain crypto-related investment contracts. One would allow eligible issuers to raise up to $5 million over four years, while another would permit offerings of up to $75 million in a 12-month period, subject to additional disclosure and reporting requirements.
The proposal also includes a conditional safe harbor that could allow a crypto asset to fall outside the definition of an investment contract once specified conditions are met.
Ripple Wants Investment Contracts Distinguished From Tokens
Ripple’s central argument is that an investment contract and the crypto token connected to it should not automatically be treated as the same thing. The company wants the SEC to focus on the specific promises an issuer makes to investors and whether those obligations remain in place, rather than relying on a broad assessment of how decentralized a network has become.
1/ Today Ripple filed its comment letter on the SEC’s proposed Regulation Crypto Assets. We support the proposal, and the SEC has clear authority to adopt it. 2/ Years of “case by case, coin by coin” enforcement has pushed innovation offshore. We need holistic rules for digital assets. 3/ The proposal stays faithful to Howey. The investment contract is the security, not the token. What matters is what an issuer actually promised and when those promises end, not a subjective “decentralization” test. 4/ We know the cost of ambiguity firsthand. Ripple spent more than $150 million to get clarity. No company should have to do that to learn what the law requires. 5/ Clear rules grounded in existing law will bring capital, investor protection and innovation to the U.S. Read our full letter: https://t.co/hOCJJwUo7Z
— Stuart Alderoty (@s_alderoty) October 20, 2026
Ripple also called for clearer guidance on Form TR filings, which are connected to the proposal’s process for ending investment-contract obligations. It wants the SEC to clarify that making such a filing would not automatically amount to an admission that a token was previously a security or that the issuer violated securities laws.
The company also raised concerns about secondary-market trading and consistency across federal securities statutes. It argued that uncertainty over a token’s legal status can create difficulties for exchanges and other market participants that need to decide how assets should be handled.
The SEC’s public comment period for the Regulation Crypto Assets proposal closed on October 20, with Ripple’s letter among the submissions the agency will consider. Still, the SEC will continue accepting comments after the deadline, according to Eleanor Terrett, citing an SEC spokesperson.
The proposal has not been finalized. Also, the SEC has not announced whether it will adopt Ripple’s requested changes.

Six crypto platforms face Kazakhstan’s court injunctions and are barred from providing, offering, or advertising digital asset services within the AIFC without the required licence.
On September 18, the court amended its September 15 judgment after LBank independently blocked Kazakhstani users from accessing its services.
Kazakhstan’s Astana Financial Services Authority (AFSA) has secured court injunctions against six of the world’s most recognisable crypto platforms, and the order carries teeth.
On September 15, 2026, the AIFC Court granted AFSA’s claims and issued a judgment prohibiting the provision, offering, or advertising of digital asset services within the Astana International Financial Centre without the required licence.
On September 18, the court amended its order to remove LBank after the exchange took independent action to block Kazakhstani users from accessing its services. The injunctions now apply to six platforms: BingX, Bitcoin.com, HTX, BitMart, Coinbase, and WEEX. Significantly, the regulator spent 2025 issuing written warnings to more than 20 crypto platforms, explaining AIFC regulatory requirements and giving them time to comply.
Nine of those platforms responded by voluntarily restricting app access in Kazakhstan through Google Play and the Apple App Store; AFSA withdrew its claims against all nine. Seven more signalled an intention to apply for an AFSA licence.
In addition, for the remaining six that continued operating without a licence, AFSA initiated formal proceedings in early 2026. The September 15 judgment was the outcome of that process.
What the Court Actually Said?
Operating without authorisation undermines the integrity of the AIFC regulatory framework and creates unfair competition for licensed participants who bear the costs of AML/CFT compliance, customer due diligence, and regulatory supervision. Unlicensed platforms carry none of those costs while competing in the same market.
The order extends beyond the platforms themselves. Google and Apple, as operators of the major app stores, are also covered; both are required to geographically restrict access to the listed platforms’ applications within the AIFC’s jurisdiction.
AFSA CEO Evgeniya Bogdanova confirmed the action was the result of sustained effort by the regulator’s Supervision and Enforcement teams, carried out since May 2026 in close cooperation with the National Bank of the Republic of Kazakhstan.
What This Means for Users?
AFSA has been clear: unlicensed platforms operate outside regulatory supervision. Users on those platforms have no access to the protections that licensed firms must provide, including asset safeguarding, transparent disclosure, complaints handling, and formal dispute resolution. Moreover, a full list of AFSA-licensed digital asset service providers is available in the Public Register on the AIFC regulator’s official website.
Crypto Market Highlights
Bitcoin (BTC) Weekly Close Below $82.2K Sets Up a Bearish Resistance Retest

Bitcoin (BTC) is trading in the $82.3K zone.
Short-term momentum is positive, while the long-term trend is recovering.
Bitcoin (BTC) is trading at $82,324, with the volume settling at $26.63 billion. The price has ranged between $80,671 and $83,035 over the past 24 hours and $79,805 to $74,074 across the week. The asset closed the week below approximately $82,500.
It marked the May 2026 highs and served as a key continuation level in early 2025. That dual significance makes it a pivotal reaction zone on a chart. The daily close above the October downtrend was a technical positive, but it’s been immediately complicated by the weekly close below $82.5K.
If Bitcoin fails to reclaim that level on lower timeframes, particularly the daily, the downtrend break becomes difficult to act on. A weekly close below resistance technically repositions that level as new resistance rather than support.
Reclaim $82,500, and the bearish weekly close starts to look like a shakeout. Fail to do that, and the October downtrend break loses its significance entirely; price would be below the key level that would have confirmed continuation.
The last two times BTC compressed this tightly, it ran from $64K to $80K, then from $76K to $86K. Short-term bias sits bearish below $83,400, with price likely to stay under pressure within the current range before the next directional move develops.
What is Ahead for Bitcoin’s Momentum?
The Bitcoin price may challenge the $82,218 support if the bears turn stronger. A more intensified correction on the downside may initiate the formation of the death cross and drive the price toward $82.1K. Assuming the BTC bulls gain momentum, the price would climb to the resistance at around $82,401. The golden cross might emerge with potential bullish pressure, sending the price above $82.5K.
BTC’s MACD line sits above the zero line while the signal line remains below it, undergoing a fast-moving bullish shift. The short-term momentum has turned positive, and buyers are taking control. Also, the longer-term trend is still recovering from a recent bearish or weak period.
This divergence signals a powerful upward surge that is rapidly pulling the market out of a downtrend. Traders treat this early-stage setup as a strong buying opportunity before the signal line catches up and crosses zero to confirm a full trend reversal.
(Source: TradingView)
The daily RSI value at 54.65 is above the neutral 50, indicating a mild bullish bias with slight buyer control. This leaves ample room for price movement in either direction. Crossing above 50 signals that average upward price gains are currently outpacing downward losses.
As it is not an aggressive buy signal yet for Bitcoin, it suggests positive underlying strength and steady upward drift. Bulls hold a minor advantage, but a push past 60 is needed to confirm strong, sustained momentum.
Crypto Market Highlights
Starknet (STRK) Loses Ground With a 4% Slide: Is a Trend Reversal in Sight?

JPMorgan is expanding its JPM Coin deposit token to Ethereum, extending its blockchain payment services beyond Base.
JPM Coin represents U.S. dollar deposits at JPMorgan and is available only to approved institutional clients.
Kinexys has processed more than $4 trillion in cumulative transactions, with average daily transaction volume of $7 billion.
JPMorgan Chase is expanding its dollar deposit token, JPM Coin (JPMD), to the Ethereum blockchain, giving institutional clients another network for moving money and settling transactions around the clock.
Kinexys, JPMorgan’s private blockchain network, said on October 19 that Ethereum was a natural next step because of its established on-chain liquidity and growing range of tokenized assets. JPM Coin first launched on Base, an Ethereum Layer 2 network, in November 2025. The latest expansion allows the token to support peer-to-peer transfers across the Ethereum Virtual Machine ecosystem, including Base and Ethereum.
JPM Coin represents U.S. dollar deposits held at JPMorgan. Unlike a stablecoin issued by a crypto company, it is a bank-issued deposit token that operates within the bank’s existing deposit framework. Access is restricted to approved institutional clients, rather than being available to anyone with a crypto wallet.
Ethereum Expansion Targets Faster Financial Settlements
The move is designed to help institutions transfer funds and manage transactions involving digital assets without relying entirely on traditional banking schedules. JPM Coin supports near-real-time payments and can be used in on-chain settlement workflows, including transactions involving tokenized financial assets.
Ethereum’s existing ecosystem of tokenized assets and blockchain-based financial services gives JPMorgan another route to connect its banking services with digital markets. The expansion also follows the bank’s broader push into tokenization. JPMorgan Asset Management launched its second tokenized money market fund on Ethereum in May 2026.
Kinexys has processed more than $4 trillion in cumulative transactions, with average daily transaction volume of $7 billion, according to the bank’s latest figures reported on Monday. Those figures cover the broader Kinexys platform, not JPM Coin alone.
The Ethereum expansion extends JPMorgan’s use of public blockchain infrastructure while keeping JPM Coin within an institution-focused model. Clients must still meet the bank’s approval and compliance requirements to use the token.

Zakura proposes separate viewing keys for ZEC swaps through NEAR Intents to limit potential exposure from future quantum attacks.
The proposal aims to prevent compromised viewing keys from exposing a user’s full Zcash payment history, including amounts and private memos.
Zakura uses private information retrieval (PIR) to let wallets find refunds without revealing checked addresses to database operators.
Zcash infrastructure developer Zakura has proposed a new wallet feature that would protect users’ transaction privacy against potential future quantum computing attacks. The proposal would assign a separate incoming viewing key to every Zcash (ZEC) swap made through NEAR Intents. This limits the payment history an attacker could expose if they eventually break the cryptography behind a publicly visible address.
The proposal, outlined by Zakura developer Adam Tucker on October 18, targets a specific weakness in cross-chain swaps. NEAR Intents publishes Zcash addresses on its public blockchain so unused funds can be returned if a transaction fails or does not use the full deposit. Those addresses remain visible even when no refund is required.
Zcash’s shielded transactions are designed to hide transaction details, but addresses within a wallet typically share an incoming viewing key. A sufficiently powerful quantum computer running Shor’s algorithm could theoretically recover that key from an exposed address, potentially revealing the amounts and private memos of payments received by the account. No quantum computer capable of carrying out this attack has been demonstrated.
Separate Keys Aim to Limit Potential Exposure
Under Zakura’s proposal, each swap would use its own incoming viewing key while the wallet’s existing spending key remains unchanged. If a future attacker recovered the viewing key associated with one publicly exposed address, the information revealed would be limited to payments linked to that address rather than the wallet’s wider transaction history.
The design also addresses the practical challenge of restoring wallets with many separate keys. Zakura proposes using private information retrieval (PIR), a technique that allows a wallet to locate relevant transactions in a database without revealing to the operator which addresses it is searching.
The change would not require a Zcash network upgrade. Zakura says software wallets built with its open-source libraries, including Vizor, could integrate the feature in the coming weeks. Hardware-wallet support is expected later, once compatible firmware becomes available.
The proposal comes as Zcash developers work toward broader quantum-resistant payment protections, including the planned Tachyon upgrade. However, Zakura’s design remains a proposed wallet-level safeguard, not a network-wide fix already deployed to all users.
The immediate goal is to reduce the amount of private transaction information exposed in a hypothetical future quantum attack. The proposal also allows users to continue spending funds through their existing wallet accounts.