Blockonomi

TLDR
Meta targets up to $95 billion in equity financing to fund its AI expansion plans
Initial offerings include common and preferred stock worth $35 billion combined
Nvidia, AMD and Broadcom express interest in buying up to $5 billion in Meta shares
Meta plans a further $60 billion stock sale program starting no earlier than 2027
Fresh capital will support Muse, Meta’s family of apps and computing infrastructure
Meta Platforms plans to raise up to $95 billion to fund its artificial intelligence expansion. META stock traded at $643.16, up 0.08%, after an earlier decline. The financing plan combines an initial public offering package with a program for later stock sales.
Meta Platforms, Inc., META
Meta Launches $35 Billion in Stock Offerings
Meta has launched $35 billion in offerings through common stock and mandatory convertible preferred securities. The package comprises about $22.5 billion in Class A common stock and $12.5 billion in preferred stock. Together, these offerings form the first stage of the company’s equity financing plan.
The preferred portion uses depositary shares representing Series A mandatory convertible preferred stock. These securities differ from common shares because their terms require conversion into common equity. Meanwhile, the common stock portion provides a separate route for participation in the initial financing.
Meta also plans an at-the-market stock sale program worth up to $60 billion. The company expects that program to begin no earlier than the first quarter of 2027. This second component accounts for the remaining amount within the announced fundraising ceiling.
Nvidia AMD and Broadcom Consider Share Purchases
Nvidia, AMD and Broadcom have expressed interest in purchasing shares through the initial offerings. Their combined potential purchases total up to $5 billion, rather than that amount for each company. All three companies already supply chips for Meta’s expanding computing operations.
The companies’ stated interest does not represent a completed purchase of Meta shares. Therefore, the announced amount describes potential participation rather than capital already delivered through those purchases. Meta disclosed their interest alongside the details of its initial common and preferred stock offerings.
The proposed participation connects Meta’s financing plans with companies supplying hardware for its computing infrastructure. However, the announcement identifies equity purchases, and it does not describe new chip supply agreements. The fundraising details therefore concern ownership securities and capital, rather than additional hardware orders.
Capital Supports Muse and Infrastructure Development
Meta plans to use the proceeds across its core business and emerging artificial intelligence opportunities. Those activities include its family of applications, the Muse AI agent, and infrastructure development. The company continues to expand computing capacity alongside its work on consumer artificial intelligence products.
The Facebook parent operates social applications while increasing spending on infrastructure for artificial intelligence. Its financing approach also includes operating cash flow, investment-grade debt, and strategic partnerships. Equity capital joins those funding sources as Meta advances its expansion plans.
The announcement sets fundraising targets and describes securities for sale, rather than confirming proceeds. Consequently, the full $95 billion remains a planned maximum across separate financing components. The initial offerings and later program follow different schedules within that plan.
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TLDR
LKFN stock climbs 3.44% to $60.40 after the bank reports record Q3 earnings.
Quarterly net income rises 9% to $28.9M as diluted EPS reaches a record $1.14.
Revenue increases 6% to $73M while net interest income grows 8% year over year.
Total loans expand 8% to $5.68B as core deposits rise 3% to $6.05B in Q3 2026.
Lakeland lifts its quarterly dividend 4% to $0.52 and continues share buybacks.
Lakeland Financial Corporation (LKFN) stock gained 3.44% to $60.40 as the bank reported record third-quarter earnings. Net income increased 9% to $28.9 million, while quarterly revenue climbed 6% to $73 million. Strong loan growth, higher net interest income, and improved lending margins supported the company’s financial performance.
Lakeland Financial Corporation, LKFN
The parent company of Lake City Bank reported diluted earnings per share of $1.14, up 11% from $1.03. Meanwhile, net income increased from $26.4 million in the corresponding quarter of 2025. Sequentially, earnings rose by $417,000 from $28.4 million in the second quarter.
For the first nine months of 2026, net income reached $83.8 million, representing 14% annual growth. Diluted earnings per share increased 16% to $3.31 from $2.85 during the comparable period. Furthermore, nine-month revenue climbed 7% to $213.6 million, reflecting continued growth across the banking business.
Lakeland Financial Reports Higher Revenue and Lending Margins
Lakeland Financial recorded third-quarter net interest income of $60.7 million, an 8% increase from $56.1 million. The bank also improved its net interest margin to 3.58%, compared with 3.50% one year earlier. Lower deposit costs helped strengthen lending profitability despite reduced yields on earning assets.
Funding costs declined 24 basis points to 2.13%, while earning asset yields fell 16 basis points to 5.71%. Consequently, the bank expanded its interest margin as deposit pricing adjustments outpaced changes in asset yields. Compared with the second quarter, net interest income increased 4% from $58.3 million.
The bank also reported improved profitability ratios during the quarter. Return on average equity increased to 14.88% from 14.60%, while return on average assets reached 1.59%. Meanwhile, nonperforming loans represented 0.32% of total loans, compared with 0.36% one year earlier.
Loan Growth Supports Lakeland Financial’s Quarterly Performance
Lakeland Financial expanded its total loan portfolio by 8% annually to $5.68 billion at September’s end. Commercial and industrial lending contributed $187.4 million in additional balances, representing 12% growth. Meanwhile, commercial real estate and multifamily residential loans increased $117.6 million, or 4%.
Consumer mortgage lending also strengthened, with balances rising $83.2 million, or 16%, from the previous year. During the quarter, commercial loan originations reached approximately $525 million, exceeding loan repayments of $443 million. Core deposits also increased 3% annually to $6.05 billion, supporting the bank’s expanding lending operations.
The bank maintained total capital equal to 15.56% of risk-weighted assets, exceeding the 10% regulatory requirement. However, unrealized securities losses increased to $213.9 million as Treasury yields rose during the quarter. Lakeland also repurchased 41,550 shares for $2.4 million and retained $14.6 million under its existing authorization.
Lakeland Financial Maintains Dividend and Shareholder Returns
Lakeland Financial approved a quarterly cash dividend of $0.52 per share, representing a 4% annual increase. The company scheduled payment for November 5, 2026, following the October 25 shareholder record date. Its nine-month dividend payout ratio declined to 47.1% from 52.6% a year earlier.
The bank operates through Lake City Bank and serves commercial and consumer customers across its Indiana banking markets. Its lending operations include commercial credit, real estate financing, agricultural loans, and residential mortgages. Continued expansion across these segments supported its third-quarter earnings and revenue growth.
The company also maintained its share repurchase program through April 30, 2027. Since April 2025, Lakeland has repurchased 787,166 shares for approximately $45.4 million under the current authorization. The latest results combined stronger lending activity, improved interest margins, and continued capital distributions to shareholders.

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TLDR
Strategy stock declined Monday as the company paused Bitcoin purchases during the previous week.
Strategy repurchased 2,068,459 STRC preferred shares for $204.9 million using cash.
The company maintained 848,517 BTC, acquired for $64.02 billion at an average of $75,446.
Strategy reported $4.83 billion in dollar reserves and $242.4 million in additional cash.
Bitcoin traded near $80,000 ahead of the Federal Reserve’s October 28 interest rate decision.
Strategy stock fell Monday after the Bitcoin treasury company skipped coin purchases and repurchased preferred shares. Strategy Inc. (NASDAQ: MSTR) disclosed the transactions in an October 26 filing with the U.S. Securities and Exchange Commission.
From October 19 through October 25, Strategy bought or sold no Bitcoin. It sold no shares through its at-the-market program.
Strategy Spends $204.9 Million on STRC Shares
Strategy repurchased 2,068,459 STRC preferred shares for $204.9 million. The company funded the buyback with cash, not new share sales. STRC stands for Variable Rate Series A Perpetual Stretch Preferred Stock.
It has $956.8 million left for preferred-share repurchases and $1 billion for common shares. Strategy bought back no common shares last week. It reported no STRF, STRK or STRD buybacks during the period.
Bitcoin Holdings Remain Unchanged
Strategy held 848,517 Bitcoin on October 25 after spending $64.02 billion. Its average purchase price was $75,446 per coin, including related fees.
A separate report on Bitcoin exchange inflows showed Binance’s 30-day average whale inflows falling from $5.9 billion to $3.8 billion. Retail inflows also rose. Those figures concern the wider Bitcoin market, not Strategy’s trades.
Strategy’s $4.83 billion reserve supports preferred dividends and debt interest. The company held another $242.4 million for treasury operations. It financed the STRC buyback from that cash.
Strategy Stock Falls With Bitcoin Near $80,000
Strategy stock traded around $142 at midday Monday, below Friday’s $146.01 close. The shares often follow Bitcoin because cryptocurrency holdings dominate Strategy’s assets.
Bitcoin traded near $80,000 after slipping below that level over the weekend. A Bitcoin price outlook identified resistance near $82,000 and downside pressure below $79,000. These remain analyst scenarios.
The filing gave no date for Strategy’s next Bitcoin purchase. It detailed weekly activity without announcing any change to the company’s broader treasury policy.
Markets Await Federal Reserve Decision
The Federal Reserve announces its next rate decision Wednesday, October 28. A Reuters poll of 100 economists expects unchanged rates this month and another increase in December.
A weekly crypto market calendar lists the Fed meeting alongside inflation data and economic growth figures. Traders will follow those releases for changes in borrowing costs and risk appetite.
Strategy plans to report quarterly earnings on October 29. Its latest update gives no timeline for fresh Bitcoin purchases. Monday’s filing instead records the preferred-share buyback and unchanged Bitcoin reserves.
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TLDR
NVIDIA stock climbed 3.1% to $217.56 during Monday morning trading as investors assessed new AI spending developments.
SpaceX announced a binding $40 billion financing commitment for NVIDIA Vera Rubin processors, with deliveries expected in 2027.
Anthropic filed for a public listing, while Morgan Stanley raised its projected US data center power shortfall to 38 gigawatts.
Meta announced approximately $35 billion in share offerings and a potential $60 billion additional sale program.
Cadence introduced NVIDIA-powered chip design tools, while NVIDIA participated in Higgsfield’s latest funding extension.
NVIDIA (NVDA) stock rose 3.1% on Monday, October 26, reaching $217.56 in morning trading after opening at $213.08. The chipmaker advanced as investors reviewed AI spending plans, a major processor financing agreement, and Anthropic’s filing for a public share offering.
NVIDIA Stock Climbs Following SpaceX Agreement
SpaceX announced a binding commitment for approximately $40 billion in financing leases covering NVIDIA Vera Rubin processors and related equipment. Apollo manages the financing entity. SpaceX expects the agreement to close before year-end, with equipment deliveries starting in the first half of 2027.
Anthropic separately filed a registration statement with US regulators for a planned stock market listing. Its Anthropic IPO filing disclosed substantial computing commitments, including agreements involving NVIDIA. The filing does not yet set a share price or offering date.
Morgan Stanley Raises Data Center Estimates
Morgan Stanley increased its projected US data center power shortfall for 2026 through 2028 to 38 gigawatts, compared with 33 gigawatts previously. The bank now estimates total demand at 116 gigawatts and continues to favor NVIDIA among semiconductor stocks.
The revised forecast concerns electricity needs rather than confirmed chip orders. Data centers require power to operate processors, cooling systems and other equipment. AMD and Broadcom shares rose during Monday’s session, alongside gains across the wider chip sector.
NVIDIA Partnerships Reach Chip Design and Video
Cadence Design Systems introduced Maestro, a suite of AI tools for chip design that uses NVIDIA’s open Nemotron technology. The announcement followed a recent NVIDIA Vera server launch by Super Micro Computer, which targets large-scale AI computing operations.
NVIDIA participated in a funding extension for Higgsfield, an AI video creation company. Higgsfield announced the investment on October 23 alongside new funding from TCV. The company uses NVIDIA hardware and software to produce video and images for business customers.
Meta Funding Adds to AI Spending Plans
Meta launched approximately $35 billion in share offerings and outlined a possible $60 billion sale program for 2027. NVIDIA, AMD and Broadcom expressed nonbinding interest in buying up to $5 billion of Meta shares combined. NVIDIA’s earlier stock advance reflected similar attention to data center demand.
The Nasdaq gained 1.3%, while the S&P 500 rose 1% and the Dow added 0.5% during the reported session. Investors also awaited major technology earnings and the Federal Reserve’s policy decision later this week. NVIDIA shares traded between $212.61 and $217.75 intraday.
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TLDR
Tesla stock climbed 6.52% to $396.43 as merger discussions and a Barclays upgrade drew investor attention.
Tesla and SpaceX formed independent committees to review a possible merger, but neither company has agreed to terms.
Tesla reported $28.05 billion in third-quarter revenue, while operating income declined 56% year over year.
Latvia approved Tesla’s supervised Full Self-Driving system, extending its authorized European coverage.
Analysts identified $406.71 as a potential upper trading boundary, with downside risk remaining below $369.42.
Tesla (TSLA) stock rose 6.52% to $396.43 on Monday, October 26, during a rally tied to merger talks and analyst upgrades. Shares traded near their session high, although some short-term indicators showed weaker momentum. Friday’s closing price was $372.22.
Tesla Stock Gains After Barclays Upgrade
Barclays raised its Tesla rating to Overweight from Equal Weight on Monday. Analyst Dan Levy increased his price target to $450 from $370, citing the company’s car business, robotaxi progress, and a possible SpaceX merger. He expects a deal to carry a premium for shareholders.
The upgrade followed a volatile week for Tesla shares. Investors continued assessing the electric vehicle maker’s results alongside questions about future spending and closer ties with Elon Musk’s rocket company.
Musk said independent committees at both companies are examining a possible Tesla-SpaceX merger. He supports the proposal but has stepped away from committee talks because of conflicting interests. Musk cited chips, robotics and connectivity as opportunities.
No agreement exists, and both boards must review any proposed terms. Musk said approval would require support from holders of half of Tesla’s outstanding shares, presenting another obstacle. SpaceX would need separate corporate approvals.
Tesla Earnings and European Expansion
Tesla reported $28.05 billion in third-quarter revenue and adjusted earnings of $0.48 per share. Free cash flow reached $1.53 billion, although operating income fell 56% from the previous year. The company delivered 486,532 vehicles in the quarter.
Its third-quarter earnings report showed growing driver-assistance subscriptions despite softer profits. Separately, Latvia approved Tesla’s supervised Full Self-Driving system, becoming the tenth European Union country to grant authorization. Drivers must still supervise the system.
Tesla traded above its 20-period average of $379.20 and 50-period average of $370.78. Its 200-period average stood at $386.29, while the Ichimoku Kijun support level was $377.07.
However, an hourly RSI reading of 43.9 pointed to weaker buying pressure. Other readings favored sellers, while MACD remained neutral, according to Traders Union’s technical assessment. This contrasts with Monday’s share-price advance. Tesla is also pursuing Semi truck production and AI chip investments. These projects form part of its wider expansion as investors examine costs and earnings.
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TLDR
Verizon stock falls 3.15% to $43.25 despite stronger third-quarter earnings.
Verizon posts $34.3B in quarterly revenue as service sales climb 2.9% annually.
Postpaid phone additions surge above 820% to 406,000, a new five-year Q3 high.
Verizon raises adjusted EPS guidance to 5.04–5.06 for the full year 2026.
Verizon signs a $2B-plus AWS agreement to expand distributed AI computing demand.
Verizon stock fell 3.15% to $43.25 despite stronger quarterly revenue and another increase in annual guidance. The shares lost $1.41 as selling erased early gains and pushed trading toward session lows. Meanwhile, Verizon reported $34.3 billion in revenue and stronger subscriber growth during the third quarter of 2026.
Verizon Communications Inc., VZ
Verizon Stock Falls Despite Higher Customer Additions
Verizon added 406,000 postpaid phone customers during the quarter, an increase exceeding 820% from last year. That marked its strongest third-quarter performance in five years. Verizon stock nevertheless declined as the company disclosed better customer growth and lower churn.
The company added 137,000 postpaid accounts, its best quarterly result in over a decade. Overall postpaid phone churn improved four basis points to 0.94%, while consumer churn reached 0.87%. At the same time, promotional acquisition costs fell 41%, reflecting reduced spending on customer incentives.
Broadband net additions reached 314,000, including 159,000 fixed wireless customers and 155,000 fiber subscribers. Verizon ended the quarter with 17.4 million broadband connections and maintained its fiber expansion targets. These additions supported service growth, although shares remained under pressure during the session.
Verizon Stock Slides as Earnings and Cash Flow Grow
Total operating revenue rose 1.5% annually to $34.3 billion, supported by expanding mobility and broadband services. Those services generated $23.5 billion, up 2.9%, while equipment revenue declined 9% following fewer upgrades. Verizon stock moved lower despite the improvement in its core service business.
Quarterly net income increased 5.2% to $5.3 billion, while adjusted EBITDA rose 8% to $13.8 billion. The EBITDA result set a company record, and its adjusted margin improved to 40.2%. Meanwhile, adjusted earnings per share climbed 8.3% to $1.31, against reported earnings of $1.25.
Operating cash flow reached $11.5 billion, while free cash flow increased 12.1% to $7.8 billion. Over nine months, Verizon generated $18 billion in free cash flow and returned $12.8 billion to shareholders. The company also reduced net unsecured debt to $123.7 billion, although Verizon stock still posted losses.
Verizon Stock Declines Following Guidance Increase and AWS Deal
Verizon raised its annual postpaid phone additions forecast to between 1.1 million and 1.2 million. It also increased adjusted earnings guidance to $5.04–$5.06 per share after its stronger quarterly performance. This marked the third consecutive quarterly guidance increase, even as Verizon stock traded lower.
The company now expects annual free cash flow growth approaching 12%, compared with its previous 9%–10% forecast. It also projects operating cash flow growth of 3.5%–5% and maintains capital spending plans of $16–$16.5 billion. Verizon stock therefore faces a contrast between higher company forecasts and its latest trading decline.
Verizon signed an AWS agreement exceeding $2 billion to support distributed computing for advanced AI workloads. The framework uses Verizon’s network infrastructure to support growing business computing demands. Shares finished lower despite the agreement and stronger financial targets.

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TLDR
Meta announced $35 billion in stock offerings and plans a separate $60 billion share sale program for 2027.
Nvidia, AMD, and Broadcom expressed interest in purchasing up to $5 billion of Meta shares combined.
Third-quarter revenue increased 26% to $64.6 billion, while free cash flow turned negative.
Piper Sandler maintained its $850 Meta price target, while Bank of America retained its $845 target.
Meta shares recovered from early trading losses, but rising AI infrastructure costs remain a concern for investors.
Meta shares swung between losses and gains Monday after the company announced a $35 billion stock offering to fund artificial intelligence projects. The stock fell nearly 2% early before turning slightly positive by late morning, following last week’s decline.
Meta Shares Recover as Company Plans Stock Sale
Meta plans to offer $22.5 billion in Class A common shares and $12.5 billion in securities linked to convertible preferred stock. The company expects to use the proceeds for general corporate purposes, including its AI expansion.
It separately plans a share sale program worth up to $60 billion after its new nonvoting Class C stock begins trading in early 2027. Meta has not finalized that program, and its actual fundraising could fall short.
Chipmakers Nvidia, AMD and Broadcom have expressed interest in buying up to $5 billion of Class A shares combined. Their proposed participation comes as Meta builds more data centers and expands its computing capacity.
Quarterly Revenue Growth Meets Higher AI Costs
Meta reported third-quarter revenue of $64.6 billion, up 26% from a year earlier. A report on Meta’s earnings covered stronger advertising sales and new Muse AI models.
The company earned $3.83 per share under standard accounting rules. Excluding a $9.89 billion legal settlement charge, earnings would have reached $7.40 per share. Fourth-quarter revenue guidance stands at $73 billion to $76 billion.
Meta set its full-year capital spending forecast for 2026 at $135 billion to $145 billion. Third-quarter spending reached $34.91 billion, while free cash flow fell to negative $2.12 billion, compared with positive cash flow last year.
Analysts Assess Meta Shares and AI Funding
Other technology companies continue expanding computing facilities. Applied Digital’s Texas data center agreement involves a 51% stake in a planned 50-megawatt project, showing continued investment across the sector.
Piper Sandler analyst Thomas Champion said Meta’s fundraising plan could reduce uncertainty about financing. His firm maintains an Overweight rating and an $850 price target. Bank of America retains a Buy rating and an $845 target.
Meanwhile, Hyperscale Data’s Michigan AI project targets initial operations in December. Its expansion reflects the broader race to secure computing capacity, even as Meta investors question rising costs. Meta shares remain below levels seen before the earnings sell-off.
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TLDR:
Anthropic filed for a Nasdaq IPO on October 26, as the reported $100B fundraising figure remains unconfirmed.
Anthropic recorded $16.3B in first-half revenue and an $80.7B loss, including $72.4B in noncash charges.
Computing deals include up to $120.5B with SpaceXAI and Nvidia and up to $114.5B with Google through 2033.
Amazon and Google handled 47% of 2025 marketplace sales; Anthropic’s seven founders would hold 50.1% of votes.
Anthropic filed its S-1 registration statement on October 26, advancing plans for a Nasdaq listing under ticker ANT. The filing pairs surging revenue with an $80.7 billion loss, largely from noncash revaluations.
The proposed offering could raise $100 billion and value Anthropic between $1.5 trillion and $2 trillion, according to reported estimates. However, neither figure is established in the filing, and the Nasdaq offering has no disclosed share count or price.
BREAKING: Anthropic officially files its S-1 registration statement for an IPO, seeking to list on the Nasdaq under the ticker symbol $ANT.
FULL SUMMARY OF ANTHROPIC'S S-1 FILING:
1. Anthropic posted H1 2026 revenue of $16.3 billion with a net loss of $80.7 billion
2.…
— The Kobeissi Letter (@KobeissiLetter) October 26, 2026
Goldman Sachs and Morgan Stanley lead Anthropic’s offering. A Nasdaq debut during the week of November 16 remains a reported target, not a confirmed timetable. That distinction matters as investors assess the gap between headline losses and actual operating performance.
Anthropic’s $80.7B Loss Includes $72.4B in Noncash Charges
Anthropic generated $16.3 billion in revenue during the first half of 2026, compared with approximately $1.2 billion a year earlier. However, its net loss jumped from $13 billion to $80.7 billion over the same periods.
About $72.4 billion reflected noncash revaluations of convertible notes and related instruments, mainly tied to rising company valuations. Those accounting charges explain most of the headline deficit without representing equivalent cash spent on operations.
The underlying operating loss narrowed to $693 million from $2.14 billion, even as computing and infrastructure costs reached approximately $8.95 billion. By September 30, more than 11,900 customers each generated at least $100,000 in trailing annual revenue.
For prospective Nasdaq shareholders, the contrast is central: fast-growing enterprise demand accompanies expensive infrastructure needs and an enormous accounting loss.
Compute Deals and 50.1% Founder Control Shape Nasdaq IPO
Anthropic disclosed computing commitments of up to $120.5 billion involving SpaceXAI and Nvidia, alongside $114.5 billion with Google through 2033. Meanwhile, Amazon agreements involve at least $110 billion through 2036, with additional equipment leasing arrangements involving Broadcom.
These partnerships also influence revenue. Amazon and Google accounted for 47% of 2025 sales through cloud marketplaces, while simultaneously serving as investors, suppliers and competitors.
However, these long-term obligations contrast with usage-based customer payments, creating financing risks if growth slows. Consequently, Anthropic warned that additional funding could become necessary sooner than expected, while cash dividends remain unlikely.
Beyond financing, governance presents another consideration. The seven co-founders would retain 50.1% voting control, limiting outside shareholder influence. Meanwhile, a proposed Public Benefit Fund could receive 5% of shares, subject to approval.
Additionally, the filing highlights catastrophic AI risks, including manipulation, concealed information and resistance to shutdown. These disclosures place the prospective Nasdaq listing under scrutiny over spending commitments, governance and technological risks.
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TLDR:
Aviva Investors launched a tokenized share class of its £22 billion Sterling Liquidity Fund on XRPL.
It is the firm’s second tokenized fund, after the USD Liquidity Fund launched in July 2026.
Both tokenized share classes hold over £86 million, including Aviva’s £50 million Sterling investment.
The digital twin model keeps the off-chain fund intact while holdings are represented on-chain.
Aviva Investors has launched a tokenized share class of its Sterling (GBP) Liquidity Fund on the XRP Ledger. The fund is the firm’s largest, with about £22 billion in assets under management, according to the announcement.
The move follows the July launch of a tokenized USD Liquidity Fund. Aviva Investors and Ripple announced the development on October 26, 2026. The firm is now one of the largest providers of tokenized money market funds in Europe.
Aviva Investors Adds Sterling Fund to Tokenized Lineup
Ripple shared the news on X. The post described the launch as an expansion of the firm’s tokenized fund offering.
Big news as Aviva Investors announces the launch of a tokenized share class of the Aviva Investors Sterling (GBP) Liquidity Fund on the XRP Ledger.
The Sterling (GBP) Liquidity Fund is Aviva Investors’ largest fund at around £22 billion in assets under management, and this move…
— Ripple (@Ripple) October 26, 2026
The share class is the second tokenized offering from the firm. It follows the tokenized USD Liquidity Fund, which launched in July 2026.
Meanwhile, the fund is an Ireland-domiciled UCITS money market fund launched in 2002. It targets low-risk returns and daily liquidity through high-grade, short-term UK Sterling debt instruments.
Together, the two tokenized share classes hold more than £86 million (116million) in investments.Aviva invested £50million (66 million) in the new Sterling share class.
Mark Versey, CEO of Aviva Investors, commented on the expansion. He said, “We believe tokenised funds can increase efficiency and ultimately lead to improved client outcomes.”
Versey also said the expansion “shows our clear intent to be a leader in this area.” He called the partnership with Ripple vital to these efforts.
Digital Twin Model and XRP Ledger Infrastructure
The fund uses a digital twin model. This approach adds a digital access layer where holdings can be represented on-chain. The existing off-chain fund structure remains intact.
Investors receive the same investment objective, risk profile, liquidity characteristics, and regulatory protections as the conventional fund. Eligible investors with digital wallets can access the new share class.
The Bank of New York Mellon holds all assets as the fund’s custodian. In addition, the structure is designed to operate within existing regulatory frameworks.
Komainu, a regulated institutional digital asset custodian, again supported the launch. Licuido, a digital infrastructure platform that enables asset managers to tokenize and trade real world assets, also provided support. The firms also backed the earlier launch of the USD share class.
The XRP Ledger lets Aviva Investors issue and manage the share class through fast, secure, low-cost transactions. Since 2012, the network has processed more than 4 billion transactions.
It supports nearly 8 million active wallets and 130+ independent validators. Nigel Khakoo, Senior Vice President of Trading and Markets at Ripple, also commented. He said, “Markets are moving to 24/7 access and settlement is moving to real-time, always-on rails.”
Khakoo described Ripple as the bridge between traditional and digital finance. He added that the XRP Ledger is “bringing the compliance, privacy and security features needed by institutions.”
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TLDR
ECB board member Piero Cipollone says the digital euro would reduce Europe’s reliance on non-European payment companies.
A pilot using real transactions by ECB and national central bank staff will start in 2027.
The digital euro could launch as early as 2029 if EU lawmakers approve the regulation this year.
There will be limits on how much people can hold, but no limits on payments. Offline payments will also be possible.
Banks will distribute the digital euro, and the ECB will not open accounts for individuals.
European Central Bank Executive Board member Piero Cipollone says the digital euro could give Europe more control over how its people pay. He made the comments in an interview with Italy’s Milano Finanza, which the ECB published on October 24.
Cipollone said payments are a key part of Europe’s economy. “If the payment system stops working, the economy stops working,” he said.
Why the ECB Wants a Digital Euro
Today, the public can only use central bank money in the form of cash. Cipollone said the digital euro would fill that gap online, where banknotes cannot be used.
He pointed to Italy as an example. Online payments there grew from 6% of all payments in 2019 to 24% in 2024.
Most of those online payments are made by card. Cipollone said two thirds of these card payments run through non-European card schemes.
“In recent years Europe has learned that, for some essential services, we cannot rely only on third parties,” he said. He compared payments to energy and defense but did not name specific companies.
He added that sovereignty does not mean shutting others out. “It means having the power to choose,” he said.
Cipollone also said small shops can pay fees up to four times higher than large businesses. He said legal caps on costs under the digital euro should help lower those fees.
How the Digital Euro Would Work and When It Could Launch
There will be a limit on how much digital euro a person can hold in a wallet. There will be no limit on spending, since larger payments can pull the rest from a linked bank account.
The digital euro will also work offline. Two devices can be tapped together to pay during a power cut or in areas with weak internet.
Cipollone said offline payment details would stay between the buyer and the seller, much like cash. People will be able to use the digital euro through their bank’s app or a standard Eurosystem app.
The ECB will not open accounts for individuals. Banks and other approved firms will distribute the digital euro and manage customer relationships.
The system will run on infrastructure built only by European providers. Cipollone said cash will continue to exist alongside the digital euro.
A pilot using real transactions by ECB and national central bank staff will begin in 2027. So far, 36 market operators, including seven from Italy, are helping with preparations, and the ECB is inviting e-commerce and mobile commerce firms to join.
The ECB Governing Council can only make a final decision after lawmakers in Brussels finish talks on the regulation. If the regulation is approved this year, the digital euro could launch as early as 2029.
“We hope that the regulation will be adopted by the end of the year, enabling the ECB’s Governing Council to issue a formal decision on issuance,” Cipollone said.
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TLDR
Crypto hardware wallet maker Keystone confirmed that an unauthorized third party accessed customer shipping data, including names, contact details, and addresses.
Keystone said it blocked access, fixed the vulnerability, and is emailing affected customers, but it has not said how many people were hit.
Security researcher Taylor Monahan warned that leaked addresses could expose crypto holders to physical attacks and kidnappings.
CertiK recorded 52 verified wrench attacks in the first half of 2026, up 33% from the same period last year.
Some customers who bought devices over two years ago received breach notices, raising questions about Keystone’s 180-day data deletion policy.
Crypto hardware wallet maker Keystone has disclosed a security breach that exposed customer shipping information. The company apologized to users in a post on X over the weekend.
We owe you an apology.
On October 20, we detected unauthorized access to our official website. After verifying API activity with Shopify, we confirmed on October 23 that a third party obtained customer shipping information. You trusted us with those details, and we're sorry we…
— Keystone Hardware Wallet (@KeystoneWallet) October 24, 2026
Keystone said it detected suspicious activity earlier in the week. On Friday, after reviewing API activity with Shopify, it confirmed that an unauthorized third party had accessed customer data.
The exposed information includes names, contact details, shipping addresses, and order details such as items bought and prices paid.
“We’ve blocked access, fixed the vulnerability, opened an investigation, and are emailing affected customers,” the company said. Keystone did not say how many customers were affected.
“We owe you an apology. You trusted us with those details, and we’re sorry we didn’t keep them safe,” the company wrote.
Researchers Warn of Physical Attack Risks
Keystone warned that the leaked data could be used for targeted phishing attacks. Security researcher Taylor Monahan raised a different concern.
Monahan said the real danger of leaked shipping addresses is physical assault and kidnapping, not phishing. Attackers could use the data to find where wallet owners live.
Once again reminding the hardware wallet retards that the risk that becomes real when you leak people’s SHIPPING INFORMATION is not phishing. It’s fucking PHYSICAL ASSAULTS AND KIDNAPPINGS. https://t.co/TbSaHpE6XJ
— Tay (@tayvano_) October 24, 2026
These crimes are often called “wrench attacks.” They involve using threats or violence to force crypto holders to hand over their assets.
Blockchain security firm CertiK recorded 52 verified wrench attacks worldwide in the first half of 2026. That is up 33% from 39 in the same period last year.
AMBCrypto reported 122 crypto-related physical attacks across 31 countries so far in 2026, with France as the main hot spot. Chainalysis estimated losses from such attacks at over $100 million as of August.
The Keystone breach follows other security problems in the sector. These include a Ledger supply chain attack worth over $100 million, a $116 million Coldcard exploit, and a Trezor data breach in August.
Zach Herbert, founder of Foundation wallet, said he “largely” agrees that “hardware wallets are dead.” He said the answer is an ultra-secure, open architecture hardware security platform.
Questions Over Keystone’s Data Retention Policy
The breach has also raised questions about how long Keystone keeps customer data. In a 2023 blog post, the company said it had cut its data retention period to 180 days.
However, some customers said they received breach notices for devices bought more than two years ago. This suggests some older order records may not have been deleted as promised.
An X user called “OG DEGEN” said a scammer posing as law enforcement called them about a fraud case. The user believes the caller got their details from a Keystone order placed in 2024.
“I think their plan was to convince me that my private keys had been exposed and then send me a phishing link to supposedly reset them,” the user wrote.
Another X user, trintaetres, also said they got the email notice despite buying a device over two years ago.
Cointelegraph asked Keystone how data from older purchases was exposed and how many customers were affected. The company had not responded by publication time.
The post Keystone Hardware Wallet Hack Leaks Customer Names and Home Addresses appeared first on Blockonomi.

TLDR
Canada’s proposed stablecoin rules, published Oct. 24, would let covered holders redeem any amount with no minimum.
Issuers would have to complete redemptions within three business days, with fees capped at 1%.
Issuers could set daily limits if reserve-asset markets face a liquidity shortfall.
Circle currently limits direct USDC redemption to institutions with a Circle Mint account.
A 60-day consultation is underway, and the rules are expected to take effect in fall 2027.
Canada has proposed new rules that would let small stablecoin holders cash out directly with issuers. The plan sets no minimum redemption amount and caps fees at 1%.
The proposal was published on Oct. 24. It adds operating details to the Stablecoin Act, which received royal assent on March 26 but has key parts not yet in force.
What the Proposed Rules Would Require
Under the plan, issuers would normally have to complete a redemption within three business days. The government says this window allows time for reserve securities to settle and for processing.
A small balance would no longer be a valid reason to reject a covered request. Holders could redeem any amount.
The Act requires payment at par, or face value, in the currency the stablecoin tracks. For USDC, that means U.S. dollars, so a Canadian holder wanting Canadian dollars would need a separate conversion arrangement.
The 1% fee is a ceiling, not a set rate. Issuers would need to give at least seven days’ notice on their website before adding or raising fees.
Issuers could set daily redemption limits in one case. That applies when a shortage of liquidity in the markets where reserve assets trade stops them from meeting all requests. The 1% fee cap would still apply during those limits.
Reserves would have to at least equal the value of outstanding stablecoins. Allowed assets include demand deposits, short-term government debt, qualifying money-market funds and certain overnight repurchase agreements.
Reserves would be kept separate from claims by the issuer’s and custodian’s creditors. However, issuers could not claim their tokens are insured bank deposits.
How Circle’s Current Terms Compare
Circle’s USDC terms for holders outside the European Economic Area were updated on Oct. 15. They make direct redemption depend on having a Circle Mint account in good standing.
Circle Mint serves institutions and registered distributors. It excludes individuals using it for personal purposes and requires identity and sanctions checks.
Approved institutions must also link a verified bank account in their own name. Without such an account, a holder cannot send tokens to Circle and ask for a bank payout.
Whether USDC would fall under Canada’s rules is still unclear. The Act covers domestic and foreign issuers whose stablecoins are available to buyers in Canada, based on where a buyer lives or does business.
The Governor of the Bank of Canada could also grant exemptions where provincial or foreign rules are substantially similar. Future registration or exemption decisions will matter for Circle’s case.
Existing issuers that apply within 30 days of the start date could keep issuing until their registration is decided. This relief would not pause their redemption duties.
The consultation will run for 60 days from the Oct. 24 publication date. The government plans for the rules to take effect in fall 2027.
The post Canada Proposes Stablecoin Redemption Rules With 1% Fee Cap appeared first on Blockonomi.

TLDR
BNB Chain plans a new Layer 1 blockchain that will run alongside BNB Smart Chain without a new token.
BNB will be used for gas fees, staking and governance on the new network through a native bridge.
The network targets 200-millisecond blocks and pre-confirmations in about 20 milliseconds.
A public testnet is planned for the end of 2026, with mainnet targeted for early 2027.
Binance founder CZ responded to the plan with the phrase “Multiple chains, one coins.”
BNB Chain has shared plans for a new high-performance Layer 1 blockchain that will run alongside BNB Smart Chain. The network will not launch a new token and will use BNB instead.
The project is currently called New L1 and does not have an official name yet. Its updated technical documents were published on October 22.
Binance founder Changpeng Zhao, known as CZ, responded to the plan with the phrase “Multiple chains, one coins.” His comment pointed to the decision to keep BNB as the only token.
How New L1 Will Work Alongside BSC
BNB Smart Chain, or BSC, will keep supporting its current decentralized finance apps, trading platforms and other services. The new network will handle transactions that need faster processing.
The two chains will connect through a native bridge that is still being built. Users will be able to move BNB from BSC to the new network, where it will pay for transaction fees.
Staking BNB on the new chain will create govBNB at a one-to-one ratio. These tokens cannot be transferred and give holders voting rights in the network’s governance system.
The network aims to produce a new block every 200 milliseconds. It also targets transaction pre-confirmations in about 20 milliseconds.
A pre-confirmation shows that a transaction is likely to be included, but it can still be reversed. Apps handling transfers that cannot be undone must wait for final settlement.
An upgraded version of the Parlia consensus system aims to lock in transaction order in under one second. The chain separates ordering from execution, so validators can agree on blocks without waiting for every transaction to finish.
A feature called Multi-Lane will reserve processing space for certain types of transactions. These include high-frequency trading, order books and payments.
Existing Solidity smart contracts will work on the new chain. However, some Ethereum features, including certain transaction types and RPC methods, will not be supported.
The design includes built-in account abstraction, which allows sponsored fees and batched transactions. It also offers an optional privacy pool that hides the sender, recipient and amount of a transfer.
Launch Planned for Early 2027
The plan follows growth in tokenized financial products on BNB Chain. An October 23 report found the network processed about $25.6 billion in tokenized stock transactions in the third quarter.
Network revenue rose 54% to $54.2 million during the quarter. The chain recorded 1.51 billion transactions and about 1.8 million tokenized equity holders.
The August 25 Pasteur hard fork also changed how BSC builds blocks. Controlled tests showed throughput rising from 1,237 to 2,324 transactions per second, though live results may differ.
New L1 currently runs on an internal development network with multiple validators. A public testnet is planned for the end of 2026, with a mainnet launch targeted for early 2027.
The bridge is not finished, and the privacy system still needs security audits. The documents warn that the current privacy pool should not be used with real funds.
BNB traded at around $740 at press time, up more than 2% over the past seven days.
The post BNB Chain Plans New Layer 1 Blockchain With No New Token appeared first on Blockonomi.

TLDR
A Hyperliquid trader says their wallet was flagged as high risk after a friend repaid a loan using funds from HTX.
The trader says they never used HTX and did not know about the exchange’s sanctions problems.
Another user says three of their wallets were restricted in June and they could not claim Kinetiq Season 2 rewards.
The UK sanctioned Huobi Global S.A. on May 26, and officials later said HTX is covered under ownership rules.
Hyperliquid has not publicly explained which transaction or screening rules caused the latest flag.
A Hyperliquid trader says their wallet was flagged as high risk after receiving a loan repayment that came from crypto exchange HTX. The case has raised questions about how sanctions screening affects people who never used a sanctioned platform.
In an October 25 post on X, the trader known as x256.hl said they lent a friend several thousand dollars months ago. The friend later repaid the money from HTX, formerly known as Huobi.
Ok, so now I know what happened.
A few months ago, I lent a friend a few grand. He paid me back from Huobi (HTX), which I didn’t even know at the time. I’ve never used Huobi myself, and he had no idea the exchange had any sanctions issues either.
Now my Hyperliquid wallet is… https://t.co/xKXryCceTt
— x256.hl (@x256xx) October 25, 2026
The trader said they had never used HTX and did not know about its sanctions problems. Their friend reportedly did not know either.
The user also asked whether small transfers from HTX to other Hyperliquid wallets could get those addresses flagged. No automatic ban mechanism of this kind has been confirmed.
Other Hyperliquid Traders Report Similar Restrictions
Another Hyperliquid user, @0xasrequired, replied that they faced similar problems after interacting with HTX. They pointed to an earlier X article describing how three of their wallets were blocked from Hyperliquid’s official frontend in June.
https://t.co/pHvyfJuJID
— as required. (@0xasrequired) June 10, 2026
Two wallets were flagged on June 2 and a third on June 5. The trader said the wallets held 99.5% of their net worth.
Their Hyperliquid history reportedly included more than $210 million in trading volume. They said they also paid over $60,000 in trading fees and $50,000 in builder fees.
The trader could still reach Hyperliquid through other interfaces. However, they said losing the official frontend could stop them from signing terms needed for future airdrop claims.
In the latest exchange, @0xasrequired said they could not claim Kinetiq Season 2 rewards despite ranking in the top 150. The original complainant said they did claim their Kinetiq rewards, even though the HTX-linked transfer happened before the final snapshot.
UK Sanctions on HTX Led to Wider Screening
The restrictions trace back to May 26, when the United Kingdom sanctioned Huobi Global S.A. British authorities accused the company of providing financial services tied to Russia-linked entities, including A7 and Garantex.
HTX argued the sanctions did not apply to its exchange because Huobi Global S.A. was a separate legal entity. UK officials later said they considered HTX covered under ownership rules.
Other platforms soon acted. In June, FixedFloat held Huobi-linked funds for extra checks, while Kraken and OKX warned users about HTX transfers. In August, Binance announced transaction limits involving HTX and 10 other platforms.
Blockchain investigator ZachXBT criticized how ordinary users with HTX-linked wallets were being treated.
In June, @0xasrequired said talks with Blockaid, Chainalysis and TRM showed these firms supply data and risk scores, while each platform decides which wallets to restrict. The trader claimed Hyperliquid named Chainalysis as its screening provider, though this has not been independently confirmed.
The trader said their wallets passed checks from GoPlus Security and Blockaid but were still restricted on Hyperliquid. They also described separate restrictions on GRVT and OpenSea.
In another case, Hyperliquid user Maxime said their wallet was wrongly flagged after receiving a $0.02 transfer tied to a suspicious address. Their frontend access was later restored.
In the June case, @0xasrequired said they opened a Discord support ticket and got a first reply from Hyperliquid co-founder iliensinc, but no final resolution. As of the latest complaint, Hyperliquid has not publicly explained which transaction or screening rules triggered the new flag.
The post Hyperliquid Traders Report Wallet Flags After HTX Transfers appeared first on Blockonomi.

TLDR
Blockchain investigators linked about 9,408 SOL, worth around $954,000, to 49 suspected victim wallets.
BloomTrading said it will fully reimburse nine affected wallets through new addresses chosen by their owners.
The largest single loss was 1,636 SOL, valued at about $166,000 at the time.
The company is investigating whether a third-party service provider was compromised.
BloomTrading has not shared a payment schedule or explained the gap between nine and 49 affected wallets.
BloomTrading, a cryptocurrency trading bot used by Solana traders, has promised to repay users after nearly $1 million in SOL was drained from wallets linked to its platform.
In an October 26 statement, the company said it would fully compensate nine affected wallets. It plans to send replacement funds to new addresses picked by the wallet owners.
The announcement came after traders reported unauthorized withdrawals from wallets connected to the automated trading service.
There won't be any need for a relief fund. Bloom will fully reimburse all funds lost by the 9 affected wallets, directly to new, secure wallets designated by their respective owners.
We're still actively investigating the root cause, including whether a third-party provider may…
— Bloom (@BloomTrading) October 26, 2026
Investigators Track Nearly $1 Million in Missing Solana
Blockchain monitoring account Onchain Lens identified about 9,408 SOL sent from 49 suspected victims. The funds were worth roughly $954,000.
The largest single loss was 1,636 SOL, valued at about $166,000 at the time. The estimate only covers transfers to one suspected receiving address, so total losses could be higher.
One trader, Domy, said three wallets had been drained of about 800 SOL. Domy shared the affected addresses and asked for help contacting crypto exchanges to trace the funds.
I found out who drained me for 80k
It was @BloomTrading
Someone please HELP me get in contact with all exchanges https://t.co/0AJ4xoJRlw pic.twitter.com/FedfRvGN9m
— Domy (@domyxbt) October 26, 2026
In a separate post, Domy reported another unexpected transfer worth about $64,000. The trader also shared a Solscan transaction record.
Another trader, Pikalosi, described losses hitting members of the Solana trading community. Pikalosi asked others not to blame victims for their trading strategies.
Several complaints involved wallets whose private keys had been imported into the trading bot. Investigators have not confirmed whether those keys were exposed.
A private key lets its holder approve transactions. If someone else obtains it, disconnecting the wallet from an app will not stop them from moving the remaining funds.
Some users said their USDC balances stayed untouched while their SOL disappeared. This pattern has not been confirmed across all affected wallets.
BloomTrading Promises to Cover Losses
BloomTrading turned down suggestions that users set up a community relief fund. The company said it would cover the losses itself.
“We’re still actively investigating the root cause,” BloomTrading said. The company noted its review would examine whether a third-party service provider was compromised.
The company has not shared a payment schedule, the total amount it expects to refund, or how it will verify claims. Its count of nine affected wallets also differs from the 49 suspected victims found by blockchain monitoring.
Reports say some trading services were paused during the investigation. Which features were affected, and whether they have been restored, has not been independently confirmed.
The incident follows an Avici wallet exploit in September. In that case, unauthorized transactions reportedly caused more than $1 million in losses among Solana users.
Users whose keys may have been exposed are advised to move remaining assets to wallets with entirely new keys. Revoking app permissions alone cannot fix a compromised private key.
BloomTrading has not yet identified a confirmed vulnerability or blamed an outside attacker. The company said its priorities are paying affected users, finding the cause, and preventing another incident.
The post BloomTrading Pledges Refunds After $954K Solana Wallet Drain appeared first on Blockonomi.

TLDR
Foundation says attackers sent fake emails from its official domains after compromising Cloudflare API keys.
The company revoked the keys and took down the malicious domain linked in the emails.
CEO Zach Herbert said attackers likely accessed the customer support inbox through a flaw in a self-hosted app.
Foundation says Passport hardware and the funds stored on it remain safe.
More details are expected on October 27, with a formal incident report to follow.
Bitcoin hardware wallet maker Foundation has warned customers about fake emails sent from its official domains. The company said attackers gained access after compromising one or more of its Cloudflare API keys.
Foundation shared the warning in a security announcement on October 26. It said Passport devices and the funds stored on them remain secure.
ANNOUNCEMENT: SPAM EMAILS HAVE BEEN SENT THAT APPEAR TO HAVE COME FROM OFFICIAL FOUNDATION DOMAINS.
We have traced this back to one or more compromised API keys on Cloudflare, and have already revoked all API keys.
The malicious domain in the spam email has been taken down.…
— FOUNDATION (@FoundationHQ) October 26, 2026
Fake Emails Sent From Official Domains
Customers first spotted the problem when they received suspicious messages. The emails appeared to come from Foundation’s real email systems.
Most phishing scams use lookalike addresses. In this case, the attackers reportedly used access to systems tied to the company’s actual domains, which made the messages look genuine.
Foundation said it revoked its Cloudflare API keys and took down the malicious domain listed in the emails. “Funds stored on Passport are safe and Passport hardware is not compromised,” the company said.
The company has not said how many emails were sent or how many customers received them. It also has not said whether anyone followed the instructions in the messages.
CEO Confirms Possible Support Inbox Breach
Co-founder and CEO Zach Herbert said the attackers got into parts of the company’s backend systems. They used a vulnerability in a self-hosted application.
“Attackers were likely able to compromise our customer support inbox,” Herbert said. He added that the team shut down the fake email activity within 10 minutes of user reports and removed the attackers’ access.
The Foundation team is actively working on this. Tag me with any questions and I’ll work to answer as fast as possible. We will share a formal report when we have all details.
Passport devices are safe and secure.
What we know so far: some of our backend infrastructure was… https://t.co/W5paP0HjRq
— Zach Herbert (@zherbert) October 26, 2026
Some of the fake messages included customer phone numbers or mailing addresses. Foundation believes this data may have come from its support inbox, older leaked crypto customer databases, or recent orders made through its Shopify store.
The company has not confirmed which source is behind the personal details. It has also not confirmed a full breach of its customer database.
“I’m very sorry,” Herbert wrote. He promised more details and a formal report once the review is complete.
Passport is built to keep Bitcoin private keys away from devices connected to the internet. A breach of a company’s email systems does not, on its own, mean the hardware or stored keys were affected.
However, users can still lose funds if they share their recovery phrases on fake websites or apps. Foundation has not confirmed that any recovery phrases were stolen in this incident.
Other wallet makers have faced similar problems. In September, Trezor and BitBox warned about phishing emails tied to a Brevo flaw that affected 138 customer accounts. On October 24, Keystone said customer names, addresses, and purchase details were exposed through unauthorized website access.
Those incidents involved different systems and have no known link to the Foundation attack.
Customers who get suspicious messages should not click links, enter recovery phrases, or connect wallets to unknown apps. Anyone who has shared a recovery phrase should treat that wallet as compromised and move funds to a new wallet.
Foundation said it will keep answering customer questions during the investigation. The company plans to share more details on October 27, with a full incident report to follow.
The post Foundation Warns Passport Bitcoin Wallet Users After Cloudflare API Key Breach appeared first on Blockonomi.

TLDR
Fhenix launched its CoFHE encryption coprocessor on the Ethereum and Arbitrum mainnets on Oct. 21, 2026.
The tool lets smart contracts process encrypted data without exposing balances, positions or trading strategies.
A new dual-mode token design lets holders switch between public and private balances in one transaction.
Fluton and Alpha Engine launched as the first design partners, and Consensys Diligence audited the system.
Three more apps are set to launch in Q4 2026, and two institutional partnerships are expected soon.
Fhenix has launched its confidential computing technology on the Ethereum and Arbitrum mainnets. The tool lets smart contracts process encrypted data without exposing the information underneath.
The company announced the launch on Oct. 21, 2026. It also released CoFHE, its fully homomorphic encryption (FHE) coprocessor, into production.
The system is built to keep balances, positions and trading strategies private while decentralized apps carry out their operations.
Public blockchains make transactions and contract activity visible to anyone. That has made them harder to use for financial services that rely on private information.
Fhenix is presenting the technology as a base layer for confidential decentralized finance and tokenization. The company points to a potential $1.5 trillion tokenization market that it says is held back by privacy limits.
How CoFHE Works
CoFHE handles heavy encrypted computations offchain. It then sends the results back to smart contracts on Ethereum and Arbitrum.
Fhenix says the system’s throughput adjusts to demand. This means apps are not limited to a fixed processing rate.
Developers can add privacy features using a Solidity import and encrypted data types. These are designed to work much like normal variables, so builders can keep their usual workflows.
The launch also includes a dual-mode token design. Holders can switch balances between public and confidential modes in a single transaction, without wrapping or bridging the asset.
Because the token stays on its original blockchain, Fhenix says it remains compatible with existing wallets, exchanges and DeFi protocols.
“When I started Fhenix three years ago, I couldn’t have imagined how far it would take us,” said founder Guy Zyskind. “CoFHE is now live on Ethereum and Arbitrum mainnet, with competitive performance and a UX that’s simple for any builder who wants privacy in their dApp.”
Zyskind also said Fhenix is working with Tandem on a confidential stablecoin. The company did not share further details or a release timeline.
Design Partners and Security Review
Two design partners launched alongside the network. Fluton is building a confidentiality engine that uses encrypted intents for activity across blockchains, apps and assets.
Alpha Engine is building a confidential network for onchain finance. Strategists can submit encrypted strategies and compete for liquidity without revealing their methods.
Fhenix said both projects passed technical and security reviews before going live. Consensys Diligence also audited the system ahead of the launch.
Steven Goldfeder, co-founder and CEO of Offchain, said privacy has been a major hurdle for institutions. “Confidentiality is one of the biggest barriers between institutions and public blockchains,” he said.
He added that the Arbitrum launch gives developers a way to have both confidentiality and composability within the ecosystem.
Three more decentralized apps are scheduled to launch on CoFHE during the fourth quarter of 2026. Fhenix also expects to announce two institutional partnerships in the coming weeks.
The team is taking part in the Colosseum hackathon to test demand for confidential apps on Solana.
The post Fhenix CoFHE Goes Live on Ethereum and Arbitrum for Private DeFi appeared first on Blockonomi.

TLDR
CoinDCX lost about 15.99 million USDT after funds were taken from an old wallet it stopped using in 2025.
The exchange says it will cover the full loss and that customer funds are safe.
A failed automatic “sweeping” service let deposits build up in the old wallet.
Tether blacklisted linked wallets, and about $2.2 million has been frozen.
CoinDCX plans to tighten controls on old systems and remind users to update deposit addresses.
Indian crypto exchange CoinDCX has reported a loss of about 15.99 million USDT after funds were moved out of an old wallet it no longer used. The company said it has absorbed the loss and customers will not bear the cost.
The exchange said its active wallets and trading systems were not affected. Customer funds remain in separate cold wallets, and trading, deposits and withdrawals continued without a pause.
How the CoinDCX Wallet Hack Happened
CoinDCX said it first noticed unusual activity in its systems on October 21. The company said its controls stopped any impact on its active wallets and trading systems.
Update on the on-chain Wallet Activity – 21st October 2026
Our full update on the recent on-chain activity, what happened, and what it means for you.
User funds remain safe, and trading and withdrawals continue as usual.
Read the full update: https://t.co/fSr10QlkJh
— CoinDCX (@CoinDCX) October 25, 2026
The next day, the exchange saw irregular fund movements in blockchain data and in reports from users. A deeper review found that the activity hit an old wallet setup that had unknown weaknesses.
That wallet setup was compromised during a security incident on July 19, 2025. CoinDCX stopped using the infrastructure after that breach.
Even so, some users kept sending deposits to the old addresses instead of the new ones shown in the app. CoinDCX said it continued to process these deposits so users would not lose their money.
The exchange runs two separate processes for these deposits. First, it credits the user’s account as soon as funds arrive. Then a separate service moves, or “sweeps,” the funds into its main secure wallet.
CoinDCX said this sweeping service failed for a period of time. As a result, deposits built up in the old address and were exposed when the activity took place.
The company has not shared full details on how the funds were withdrawn from the wallet. It has also not named who was behind the activity.
Tether Freezes Part of the Lost Funds
Reports on October 24 and 25 said Tether had blacklisted wallets linked to the outflow. Tether, which issues USDT, has the ability to block wallets that hold its token.
Blockchain analytics firm AMLBot said about $2.2 million of the funds was frozen. That amount equals roughly 13.8% of the reported loss.
A freeze stops the funds from moving, but it does not mean they have been returned. CoinDCX would need to confirm any recovery first, and the remaining funds still need to be traced.
CoinDCX said customer crypto balances are unaffected and fully accounted for. The company said it had run for 72 hours with no downtime, no withdrawal limits and no trading disruption.
The exchange admitted it “could have been more proactive” in sharing the news. It said it waited until it had the complete picture before posting an update.
CoinDCX said it will strengthen monitoring and controls around its old systems. It also plans to remind users regularly that old deposit addresses are only kept for a limited time.
In its update published on October 25, the company advised users to check the latest deposit address in the app or website before every deposit. It warned that sending funds to old addresses is highly risky and that exchanges do not usually take responsibility for them.
The post CoinDCX Hit by $15.99M Crypto Hack, Tether Steps In to Freeze Funds appeared first on Blockonomi.

TLDR
The UK’s Financial Conduct Authority opened consultation CP26/38 on October 23, 2026, proposing updates to its Financial Crime Guide.
Draft guidance lists enhanced due diligence on transfers involving unhosted, or personal, crypto wallets as good practice.
The FCA calls it poor practice when firms use third-party risk scores they cannot explain or evidence.
Rigid rules on how many transaction “hops” a firm traces are criticized when they ignore risk.
The guidance is nonbinding, and feedback is due by December 24, 2026.
Britain’s Financial Conduct Authority (FCA) has proposed new guidance on how firms should check crypto transfers involving personal wallets. The proposals are part of a wider update to its Financial Crime Guide.
The regulator opened consultation CP26/38 on October 23, 2026. It is asking for feedback on the changes until December 24, 2026.
The draft guidance lists extra checks on transfers from unhosted wallets as good practice. It also criticizes firms that rely on risk scores they cannot explain.
What the FCA Proposes for Unhosted Wallets
An unhosted wallet is a personal crypto wallet that is not managed by an exchange or other firm. The owner holds the keys directly.
Draft section FCG 3.2.8 lists enhanced due diligence on transactions involving these wallets as an example of good practice. Enhanced due diligence means more intensive checks than standard reviews.
In practice, this concerns how a UK firm checks crypto that a customer sends in from a personal wallet. The focus is on the receiving firm’s process.
The guidance is nonbinding. The FCA says the Guide contains no rules and does not create new requirements.
The regulator still expects firms to read and consider the Guide when building their controls. Not following it would not, on its own, count as a breach of FCA rules.
Risk Scores and Tracing Rules
The proposals also cover how firms reach decisions about transfers. Draft section FCG 3.2.5 names a specific poor practice.
That practice is using third-party technology without being able to explain or provide evidence for how it reaches its findings or scores. The FCA says firms remain responsible for compliance even when they use outside suppliers.
The draft also criticizes rigid rules on how many transaction “hops,” or transfer steps, a firm examines. The problem the FCA points to is a tracing rule that ignores risk, not the use of a number limit itself.
These proposals sit on top of existing duties. Under the UK Travel Rule, crypto businesses have had to collect, verify and share transfer information since September 1, 2023.
The consultation covers more than crypto. It also proposes changes on fraud, sanctions, proliferation financing, data security, money laundering and terrorist financing.
The crypto changes are meant to reflect a new UK regime starting in October 2027. The FCA says it wants the Guide to keep pace with risks linked to AI, crypto assets and changing sanctions.
The regulator does not expect the updates to greatly raise compliance work or consumer costs. It describes the changes as clarifying existing expectations and established practice.
The consultation applies to all firms the FCA supervises for financial crime. This includes crypto asset businesses registered under the Money Laundering Regulations.
Firms and other interested parties can respond through an online form or by email until December 24, 2026. The FCA will then publish feedback and the final Guide text in a Policy Statement, though it has not given a date.
The post FCA Proposes Personal Wallet Checks in Nonbinding Crypto Guidance appeared first on Blockonomi.

TLDR:
Blockchain sanctions plan drew a direct rebuke from the Bank of Israel, which said cryptocurrencies cannot bypass sanctions and urged leaders to preserve trade ties.
Netanyahu said he had asked advisers to prepare a proposal before the October 27 election, but gave no details about currencies, networks, or an implementation timetable.
Eisenkot and more than 100 economists criticized the proposal, warning that possible sanctions could deepen isolation and hurt investment, employment, and Israel’s economic standing.
Critics said crypto cannot replace bank credit or global capital markets, while traceable blockchain transactions may still be identified or blocked by authorities.
Prime Minister Benjamin Netanyahu said Israel should prepare a blockchain sanctions plan if international measures restrict its banking system. In a Friday interview, he described cryptocurrency and blockchain as possible tools for an alternative economy if sanctions hit. He confirmed that he had asked advisers to develop a plan, but gave no design or timetable for implementation.
The remarks came two days before Israel’s October 27 election, amid warnings foreign measures could affect Israel’s wider economy. The Bank of Israel formally rejected crypto as a route around international sanctions. It urged leaders to preserve trade ties and prevent further restrictions.
Netanyahu Blockchain Sanctions Plan Draws Institutional Pushback
Netanyahu spoke on Channel 10 on Friday. He said Israel should prepare for possible sanctions on banks and other economic restrictions. Asked whether he meant crypto, he agreed, then described blockchain as another option. He said advisers were already preparing a plan.
The blockchain sanctions plan remains undefined. Netanyahu did not identify the currencies, networks, government agencies, or legal changes under consideration. The Block reported that he gave no timetable or implementation details. It describes contingency planning, not an operating national payment system.
Britain and 11 other Western countries announced measures targeting settlement goods. The measures focus on settlements, though economists warned economic effects could reach Israel proper. Netanyahu cited the possibility of banking restrictions and said alternative payment channels could help the country respond.
The election sharpened political tensions. Netanyahu’s remarks came two days before voters choose a new Knesset on October 27. Opposition leaders have argued that his government’s policies contributed to Israel’s international isolation. The blockchain sanctions plan became another point of disagreement during the campaign.
Crypto Proposals Face Practical Limits Beyond Digital Transfers
The Bank of Israel said cryptocurrencies cannot serve as a route for bypassing sanctions. It urged political leaders to maintain economic ties with major trading partners and focus on preventing restrictions. Its statement rejected the idea that digital assets could protect the national economy from financial pressure.
The blockchain sanctions plan also drew criticism from opposition figure Gadi Eisenkot. On X, Eisenkot called it the “BibiCoin vision” and said it threatened national security.
He also warned it could worsen isolation and deter investment. He asked how Israeli technology firms would receive overseas payments if foreign banks shunned crypto. At Saturday’s anti-government rally in Tel Aviv, attendees also criticized the proposal, extending backlash beyond political leaders.
Over 100 economists and former Bank of Israel officials signed a letter opposing the plan on Sunday, Reuters reported. They warned sanctions could reduce foreign investment, increase unemployment, and weaken Israel’s economic standing. The warning focused on the consequences of financial isolation, beyond payment rails.
Digital assets can move value outside some conventional banking channels, but that does not make sanctions disappear. Blockchain transactions can be traced, and authorities or service providers may identify or block wallets linked to sanctioned entities. A blockchain sanctions plan may move value, but it cannot hide every transaction record.
The blockchain sanctions plan faces practical barriers a transfer alone cannot solve. Crypto cannot replace access to trade finance, bank credit, global capital markets, or foreign companies willing to transact. A business may still need compliant banks, insurers, suppliers, and customers for cross-border deals.
Columnist Nadav Eyal said crypto cannot replace bank credit, capital markets, or firms willing to trade internationally. CryptoJungle founder Ben Samocha also said digital assets were not a suitable sanctions workaround. He pointed to blockchain investigations that can trace funds and restrict their fiat access.
Netanyahu said Saturday he would consider the Bank of Israel’s criticism but would do what he thought best. He has not named the advisers, blockchain, currencies, or implementation schedule for the plan.
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