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SK Hynix told investors on Wednesday that memory demand will exceed supply through 2030. The Korean chipmaker reported record results for the third quarter and plans to return about 100 trillion won to shareholders this year alongside the forecast. SK Hynix believes that the crunch is a supply problem.
Leading-edge processes continue to get more arduous and new fabs take years to build, so output can’t keep up through 2030. The company said during its earnings call that it has sold out of its HBM and DRAM chips until 2029. HBM demand is double what SK Hynix can supply, it said. Short-term demand comes from AI for enterprises and consumers. Further out, physical AI like autonomous driving and robotics takes over. The chipmaker has long-term deals with 14 large customers including leading global cloud services providers. The volume locked in so far constitutes more than half of total production capacity for 2027 and 2028.
SK Hynix inches above 100 trillion for the quarter
Most contracts are for five years. Prices are within a range agreed with each client as market conditions shift. The company said in its results that revenue for the quarter reached 104.6155 trillion won, topping 100 trillion won for the first time. Operating profit was 83.3338 trillion won with an 80% margin. Net profit was 39.7756 trillion won.
Revenue jumped 32% from 79.3187 trillion won in the second quarter. Operating profit rose 38% from 60.5426 trillion won. DDR5 sales for servers led the DRAM sales, and HBM4 shipments got off to a strong start. SK Hynix plans to operate its M15X plant at full capacity by year’s end in a bid to increase HBM4 output and expects HBM4 to surpass HBM3E in shipments and revenue in the fourth quarter.
Cash and cash equivalents climbed to 114.5 trillion won. Net cash was 98.7 trillion won. The plan to return 100 trillion won blends cash dividends of 30 trillion won or more, and buybacks and cancellations of 60 trillion won or more. That includes the buyback announced in August, which was completed last week, for 40 trillion won. The dividend for the third quarter is 20,000 won a share. Half of that is a special dividend paid out of the gains on the company’s stake in Kioxia.
SK Hynix CEO Kwak Noh-Jung also explained why SK Hynix dropped an IPO of its US flash-memory unit Solidigm, a reversal Cryptopolitan reported on October 23. Kwak blamed market volatility and a slide in chip stocks for halting the IPO and a pre-IPO fundraising review. “The IPO was intended to raise external capital for the expansion of Solidigm’s production facilities,” Kwak said. The company “concluded that proceeding at this time would not be the best way to achieve the originally anticipated outcome,” he added.
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Coinbase customers face renewed security concerns after an incident involving third-party analytics provider Amplitude exposed customer contact information.
The cryptocurrency exchange maintains that its internal systems remain secure and customer funds are safe.
However, conflicting estimates about the number of affected users have raised questions about the incident’s scale. The exposure also highlights phishing risks associated with compromised customer information.
Coinbase confirms Amplitude security incident affecting customer data
Coinbase confirmed late Tuesday, October 27, that a security incident at Amplitude affected a small subset of its customers.
The exchange clarified that attackers had not breached Coinbase’s internal systems. It also said the incident affected other Amplitude clients.
Coinbase Support statement on the Amplitude security incident, posted on X on October 28, 2026.
“Coinbase has not had a data breach,” the company’s support account stated on X.
Furthermore, Coinbase reported no evidence of unauthorized access to its infrastructure. The exchange also confirmed that customer funds remained unaffected.
Coinbase said it would notify affected customers and relevant regulators according to legal requirements.
However, the company did not disclose how many customers the incident affected. It also withheld details about the exposed information and the incident’s timing.
SlowMist executive claims over 70,000 Coinbase users affected
Meanwhile, blockchain security firm SlowMist raised concerns about the scale of the Amplitude incident.
Approximately 30 minutes before Coinbase’s statement, SlowMist chief information security officer 23pds shared additional claims on X.
According to 23pds, hackers obtained contact information belonging to more than 70,000 Coinbase users.
However, the executive said investigators had not confirmed whether attackers accessed passwords or stole customer funds.
Coinbase has not verified the 70,000-user estimate. Instead, the exchange maintains that the incident affected only a small subset of customers.
The conflicting statements leave the precise number of affected users unclear.
Although exposed contact details do not provide direct access to cryptocurrency wallets, criminals can exploit them through phishing campaigns.
Such information allows scammers to impersonate customer support representatives, distribute fraudulent links, and target individuals with convincing messages.
Coinbase data exposure revives earlier phishing concerns
The latest incident follows several security problems involving cryptocurrency platforms and customer information.
In August 2026, hardware wallet provider SafePal disclosed an access control vulnerability affecting approximately 39,798 customers.
The vulnerability exposed customer order information, creating opportunities for targeted fraud.
SafePal warned that scammers could exploit the information through fake support calls, fraudulent refunds, malicious software updates, and cloned websites.
Coinbase previously faced a separate customer data breach in May 2025.
During that incident, criminals bribed overseas customer support agents to obtain personal information belonging to selected users.
Coinbase said the attackers intended to impersonate the exchange and trick customers into transferring cryptocurrency.
The company allocated between $180 million and $400 million toward remediation and customer reimbursements.
It also announced a $20 million reward for information leading to arrests.
Separately, blockchain investigator ZachXBT estimated annual Coinbase-related scam losses at $300 million. In February 2025, he reported losses exceeding $65 million across two months.
In March 2026, SlowMist’s 23pds also criticized an official Coinbase Commerce page requesting users’ recovery phrases.
He described the practice as “extremely foolish,” warning against requesting mnemonic phrases to verify cryptocurrency assets.
The post Coinbase customer contact data exposed in Amplitude security incident first appeared on Coinfea.

Kalshi is tightening its trading rules for younger users as regulators increase scrutiny of prediction markets.
The platform hopes new deposit restrictions and trading alerts will strengthen consumer protections.
However, the changes come as lawmakers question whether prediction markets expose young adults to gambling risks. The measures also add pressure to the ongoing debate over how regulators should classify event-based trading.
Kalshi introduces monthly deposit limits for young traders
Kalshi announced new restrictions on October 27, targeting users aged 18 to 20, according to Bloomberg.
Under the changes, Kalshi will automatically place these traders into special accounts with a $2,500 monthly deposit limit.
Additionally, users with account balances exceeding $1,000 will receive alerts when individual trades exceed 25% of their funds.
However, these notifications will not prevent traders from proceeding with transactions that exceed the threshold.
Kalshi said the measures aim to improve financial education and strengthen protections for inexperienced traders.
Despite the restrictions, the platform will maintain its minimum trading age of 18.
Kalshi co-founder and Chief Operating Officer Luana Lopes Lara defended the existing age requirement.
She said Kalshi operates like a stock exchange, where adults aged 18 and older can participate.
New York lawsuits increase pressure on Kalshi
The announcement comes as Kalshi faces mounting legal challenges over its sports prediction contracts and younger customers.
New York Attorney General Letitia James has sued Kalshi, alleging the platform offers illegal gambling to users under 21.
Separately, the New York State Gaming Commission has sought court intervention to obtain records concerning younger traders and sports contracts.
Meanwhile, federal lawmakers are considering additional restrictions on prediction markets.
The bipartisan Prediction Market Act, co-sponsored by Senator Kirsten Gillibrand, seeks stronger oversight from the Commodity Futures Trading Commission.
The proposed legislation includes mandatory age verification requirements and self-exclusion tools designed to strengthen consumer protections.
Professional sports organizations have also entered the debate.
The NBA and PGA Tour have separately called for prediction markets to adopt a minimum participation age of 21.
These developments come ahead of the November 3 midterm elections, when political event contracts could attract increased attention.
Kalshi deposit cap raises questions about trading risks
Kalshi maintains that its federally regulated exchange model differs from traditional sports betting platforms.
However, its new protections have intensified debate about whether prediction markets carry gambling-related risks.
Traditional brokerage accounts generally allow adult investors to deposit larger sums without comparable age-specific restrictions.
For example, a 19-year-old could deposit $50,000 into a brokerage account and invest everything in one stock.
Benjamin Schiffrin, Better Markets’ director of securities policy, questioned Kalshi’s decision to introduce additional safeguards.
According to Bloomberg, Schiffrin described the restrictions as a “pretty stunning admission” about the platform’s underlying risks.
Nevertheless, the financial impact on Kalshi could remain limited.
Traders aged 18 to 20 account for approximately 4% of the platform’s total trading volume.
That share still represents billions of dollars in sports-related trading activity this year.
Furthermore, the $2,500 monthly deposit ceiling allows younger users to add up to $30,000 annually.
The restriction only applies to new deposits, leaving existing balances and trading winnings outside the monthly cap.
Similarly, the 25% concentration alert serves as a warning rather than an enforceable trading limit.
Consequently, younger traders can continue placing larger positions using available account funds despite the newly introduced safeguards.
The post Kalshi introduces a $2,500 monthly deposit limit for traders under 21 first appeared on Coinfea.

Polymarket has investigated dozens of bets tied to the U.S. midterms and referred at least two of those cases to the Commodity Futures Trading Commission (CFTC). Despite the investigations, Polymarket’s largely unregulated offshore site still allows traders to stay anonymous and pay in crypto.
Polymarket runs two platforms: one that requires users to trade with real identities (the U.S. version), while Polymarket International, which the company’s head of global intelligence and investigations, Shana Bautista, describes as its “bigger brother,” is essentially unregulated and lets people trade anonymously with cryptocurrency. Bautista, a former FBI official who joined the company in June, argued the anonymity is thinner than it looks, saying that despite it, there has never been a case where the authorities “haven’t been able to identify, potentially, who these people are.”
Polymarket highlights rise in anonymous wallets on election markets
A study commissioned by the Coalition for Prediction Markets and conducted by Rutgers professor Harry Crane estimated Americans wagered as much as $34 billion on offshore prediction markets in the 12 months through April 2026. As much as 30% of Polymarket’s volume over that period came from U.S. users, even though they are barred from the offshore site. The Anti-Corruption Data Collective reviewed more than 21,000 midterm markets across Kalshi and Polymarket and found that the top 1% of Polymarket wallets drove 70% of that volume this cycle.
Dune research pointed out that of 24,930 Polymarket wallets holding midterm positions as of October 18, the median position was $14, yet the top 100 wallets held 56% of all position value. Dune warned that the number of wallets isn’t the same as the number of traders, and that one person or group holding a large share isn’t proof that they are doing something wrong. Rajiv Sethi, a Barnard College economics professor who has studied prediction markets for decades, laid out the concern that election bets can have an effect on what is being bet on.
Sethi said the markets risk becoming “a self-fulfilling prophecy.” Bautista said her 16-person team uses a new surveillance system that pulls in huge amounts of data on each user. The data is collated from social media, Federal Election Commission records, crypto firms, banking partners, and statistical models. When enough warning signs add up, they receive alerts. She said they get hundreds of alerts a day, and if any insider traders attempt to outsmart the system, “we will find you.”
Cryptopolitan has previously reported on the allegations of insider trading that Polymarket faces after the wallets of several whales went dark following outsized bets on U.S. military action in Venezuela. CFTC Chairman Michael Selig has said that the agency will be on the lookout for manipulation in prediction markets ahead of the midterms. The CFTC previously ordered former White House teleprompter operator Gabriel Perez to return $107,539.02 and pay a $65,000 penalty, and former Representative George Santos to return $17,569.98 and pay $17,500.
In both cases, a three-year trading ban was imposed. The New York Times found that more than 80 Polymarket users placed suspiciously timed bets, including wagers made before undisclosed U.S. and Israeli operations against Iran, pushing House Oversight Chairman James Comer to open an investigation in May into whether traders use nonpublic information on Polymarket and Kalshi. Across the industry, more than $1.4 billion has already changed hands on 2026 midterm markets, with Kalshi near $1.1 billion and Polymarket above $340 million.
The post Polymarket alerts CFTC to rise in midterm bets first appeared on Coinfea.

Zcash co-founders Josh Swihart and Sean Bowe are engaged in a public dispute over a Bowe-fronted proposal to cut off and reroute the 8% block reward pipeline that funds the Zcash Community Grants (ZCG) program. Bowe wants the reward slice to feed a network reserve instead.
Bowe argued in a Zcash Improvement Proposal draft shared October 26 on GitHub that the ZCG program already has deep enough reserves to continue operating without receiving its customary 8% cut of every block reward. “It’s time to turn off the ZCG funding stream,” wrote Bowe on X as he announced the proposal. He continued that “ZCG has over $125M in funding, and will receive millions more before the spigot is turned off. The program was never designed to handle this amount of funding.”
Zcash co-founders share differing opinions
In his statement, Bowe proposes sending the 8% allocation to the Network Sustainability Mechanism, a protocol reserve that removes ZEC tokens from circulation and later reissues them as block rewards. Per the ZCG’s public dashboard cited in Bowe’s draft proposal, the reserve holds 91,452.98 ZEC and about $8.8 million in dollar-denominated assets. Bowe also noted about $2.4 million in outstanding grant commitments.
The $125.3 million estimate, based on a $1,300 per ZEC price, means the committee has enough funds to cover grants for more than ten years, assuming $10 million in annual commitments. Bowe’s plan did not touch the Grants Committee reserves or the separate 12% allocation to the Coinholder-Controlled Fund. If approved, the proposal, which is not part of the pending NU7 upgrade, would need a network upgrade to go live.
Co-founder Josh Swihart shared his disapproval of the plan publicly via X, writing that it would “be a mistake to kill only one part of the dev fund.” Swihart, who is also the founder of Zcash Open Development Lab, added that “If dissolved, then no half measures, dissolve it all, both the ZCG and coinholder streams. The coinholder stream accrues ~216 ZEC a day until the halving. Same problem.” Instead of potentially causing division and market uncertainty by specifically targeting the ZCG, Swihart is arguing for both funding streams to flow to the NSM, at least until the next halving.
In the meantime, already approved grants would be honored, per the co-founder. Swihart also floated a one-time, coinholder-voted legal defense fund for Zcash developers. In a full shutdown scenario, ZODL would lose the funding source of a retroactive coinholder grant for protocol work that it recently landed. Swihart admitted to that conflict. In the Zcash community forum, Swihart said he had drafted his own ZIP to end the entire development fund
The NSM does not begin paying out until February 2031, and current funding streams expire before then. Developer Daira-Emma Hopwood, posting as str4d on the community forum, spelled out the consequence: ending ZCG without a replacement development stream “is a decision to explicitly give more money to miners by decreasing the funding available for development and maintenance of the chain.” Directing the share to the NSM, str4d noted, still “amounts to (for now) directing funds to miners and away from development.”
The push is not happening in a vacuum. A separate forum proposal to end ZCG and send its funds to the NSM came from Maxime Desalle, who disclosed he is “actively involved with Cypherpunk, the world’s largest Zcash miner.” In September, Dragonfly managing partner Haseeb Qureshi called for winding down the dev fund after it expires in 2028, warning it risks being “politicized” as it nears $100 million.
The post Zcash co-founders split over use of $125M grant fund first appeared on Coinfea.

OpenBitcoin.com puts a live countdown to the next halving next to everything a bitcoin user looks up in a day: addresses, prices in 15 currencies, fees, guides and tools.
Over 95 percent of all the bitcoin that will ever exist has already been mined. Of the 21 million coin limit, about 20.1 million are out in the world. The rest arrive on a fixed schedule that slows every four years, and the next slowdown, the fifth halving, is due around April 2028.
OpenBitcoin.com, a bitcoin-only explorer and reference site, shows that countdown live, next to the things people use every day: a one-box lookup for any address, transaction or block, a price converter in 15 currencies, a fee tracker, and more than fifty guides, calculators and tools.
What the 2028 halving means
Every 210,000 blocks, about every four years, the number of new bitcoin created with each block is cut in half. Today it is 3.125 coins per block, about 450 new coins a day. At block 1,050,000, expected around April 2028, it drops to 1.5625 coins per block, about 225 a day. Nothing changes for the coins people already hold. Only the flow of new ones slows.
A rounder milestone comes first: block 1,000,000, expected around April 2027. OpenBitcoin keeps a live countdown to it at openbitcoin.com/block-1m, and a second one to the halving itself.
Halving Block Date New coins per block after First 210,000 November 28, 2012 25 Second 420,000 July 9, 2016 12.5 Third 630,000 May 11, 2020 6.25 Fourth 840,000 April 20, 2024 3.125 Fifth 1,050,000 Around April 2028 (estimated) 1.5625
After 2028 the halvings keep coming until the last fraction of a coin is mined around the year 2140.
Look anything up in one box
Paste a bitcoin address, a transaction ID or a block number into the search box on the front page and the answer comes back on one page: balance and history for an address, inputs, outputs and fee for a transaction, every transaction in a block. No account, nothing to install, no altcoins.
The price in your currency
The converter turns any amount between bitcoin, sats and 15 currencies, and updates as you type. A price calendar covers every day since 2010, a cost-basis tool finds the price on any past date, and two calculators answer the classic questions: what a recurring buy would have done, and what if I had bought back then.
Fees without the guesswork
The fee tracker shows what it costs to send right now, when fees are usually cheapest, and how big a transaction will be before it goes out.
Guides, research and tools
Nineteen guides cover the basics and the traps: what bitcoin is, seed phrase backup, self-custody, the common scams and how to avoid them, address poisoning, Lightning, UTXOs, privacy and inheritance planning. Alongside them: tax guides for the United States and Canada, a history section on early bitcoin, a timeline of exchange hacks, a weekly census of reachable nodes, a fear and greed index with a year of history, and the quantum computing question.
Eleven tools run in the browser, several fully offline: a seed-word checker, an address validator that points to the typo, a QR code generator, transaction and Lightning invoice decoders, a signed-message verifier, a mining calculator and an offline two-factor authenticator.
And three arcade games
Block Builder, Backlog Breaker and The Impossible Slot Machine turn live network data into games: stack pending transactions into a block, break a wall of fees, or try to match a real bitcoin address at odds of one in 2 to the power of 160.
“Most bitcoin sites make you choose between a serious explorer and a site that explains things,” the OpenBitcoin team said. “We wanted one place where you can check an address, see the price in your own currency, understand what a halving does, and get on with your day. Bitcoin only, no accounts, no noise.”
Every figure on the site comes from its own full node, and the data layer is open source. Start at openbitcoin.com.
About OpenBitcoin
OpenBitcoin.com is an independent, bitcoin-only explorer, data and education site. It offers no trading, custody or investment advice.
Contact
inbox@openbitcoin.com
The post With Over 95% of All Bitcoin Mined, Explorer Charts the Road to the 2028 Halving first appeared on Coinfea.

Ripple has secured final federal approval to operate a national trust bank, strengthening regulatory oversight of its RLUSD stablecoin.
The decision gives Ripple a stronger regulatory framework for managing reserves backing its dollar-pegged token.
It also creates new opportunities for institutional digital asset custody under federal supervision. However, the charter carries restrictions that distinguish Ripple’s operations from traditional commercial banks.
The Office of the Comptroller of the Currency (OCC) granted final approval to Ripple National Trust Bank on October 26.
Ripple submitted its application in July 2025 and received conditional approval that December.
Ripple CEO Brad Garlinghouse welcomed the decision on X, saying cryptocurrency companies and banks “work better together.”
Ripple national trust bank to oversee RLUSD reserves
According to Ripple, its national trust bank will manage reserves backing Ripple USD (RLUSD).
The institution will also serve as collateral trustee for RLUSD holders and provide digital asset custody services to institutional clients.
Big news heading into @RippleSwell: the @USOCC has granted final approval for Ripple National Trust Bank. This gives Ripple a federally supervised platform to support $RLUSD and provide digital asset custody to enterprises. We’ve always said crypto and banks work better…
— Brad Garlinghouse (@bgarlinghouse) October 26, 2026
However, Ripple’s Standard Custody & Trust Company will continue issuing RLUSD under New York Department of Financial Services supervision.
Consequently, the OCC will oversee reserve management, while New York regulators will supervise stablecoin issuance.
Ripple launched RLUSD in December 2024 across the XRP Ledger and Ethereum networks.
Since then, its market capitalization has reached approximately $2.5 billion.
According to Artemis, RLUSD represents roughly 0.8% of the $310 billion stablecoin market.
Meanwhile, Tether’s USDT and Circle’s USDC collectively control approximately 82% of the market.
The federal charter could help Ripple attract institutions seeking clearer regulatory oversight of stablecoin reserves.
OCC approval expands Ripple’s regulatory standing
Despite receiving federal approval, Ripple National Trust Bank cannot accept deposits or issue commercial loans.
The institution also lacks Federal Deposit Insurance Corporation coverage, reflecting restrictions on national trust banking operations.
Instead, its charter establishes federal supervision over reserve custody and fiduciary responsibilities.
Ripple joins a small group of cryptocurrency companies pursuing federally regulated trust banking services.
Circle received final OCC approval in July, bringing its USDC reserve operations under federal oversight.
Coinbase received conditional approval in April, while Crypto.com and Stripe-owned Bridge secured similar approvals in February.
However, these approvals have attracted opposition from some lawmakers.
In May, Senator Elizabeth Warren argued that the charter approvals violated the National Bank Act and threatened financial stability.
Crypto advocacy organization The Digital Chamber disputed those concerns, emphasizing the limited fiduciary activities permitted under trust charters.
Ripple awaits Federal Reserve master account decision
Ripple’s OCC approval follows several efforts to expand its regulated financial infrastructure.
The company acquired Standard Custody in mid-2024, subsequently launched RLUSD, and expanded institutional brokerage services through Ripple Prime.
Nevertheless, Ripple continues pursuing another regulatory milestone.
Alongside its July 2025 trust charter application, Ripple requested a Federal Reserve master account.
Such access would allow Ripple to hold RLUSD reserves directly at the Federal Reserve.
It could also enable payment settlements without relying on intermediary commercial banks.
However, securing Federal Reserve access remains difficult for cryptocurrency companies.
Custodia Bank previously pursued a master account through a prolonged legal dispute but ultimately failed to secure approval.
Unlike Custodia, Ripple now holds a final federal trust charter.
Still, the Federal Reserve has not approved Ripple’s application.
For XRP investors, the OCC decision provides no immediate direct price catalyst.
Instead, the approval advances Ripple’s institutional infrastructure strategy as competition intensifies across the regulated stablecoin market.
The post Ripple secures final OCC approval for national trust bank as RLUSD gains federal oversight first appeared on Coinfea.

The NBA is eyeing Kalshi and Polymarket as its “preferred” prediction markets and has signed a memorandum of understanding with the CFTC to ensure all trading tied to its games is regulated, the league and the regulator have jointly announced.
The announcements pair a commercial arrangement with a regulatory one. On the commercial side, Kalshi and Polymarket have become the NBA’s main platforms for prediction-market contracts on league events. Additionally, the NBA and the CFTC have agreed to share information and hold regular talks to help protect the integrity of basketball-related markets. CFTC Chairman Michael Selig said the agreement is part of the agency’s growing work with sports leagues. The NBA joins the NHL and Major League Baseball in these efforts to protect users from any forms of insider trading, fraud, and other forms of prediction market abuse.
NBA says it wants to protect its users from forms of market abuse
In his statement, Selig also thanked NBA Commissioner Adam Silver for working with the agency. The deals also come with rules. Yahoo Sports, citing the Associated Press, reported that the NBA will limit the types of contracts Kalshi and Polymarket can offer on its games. NBA and team staff are also not allowed to trade on league games, while the platforms are mandated to report suspicious activity. Both platforms must also share information during investigations into suspicious trading.
Scott Kaufman-Ross, the NBA’s head of media distribution and partnerships, said it was better to bring these activities under regulation than leave them unregulated. “If you’re going to be betting on our games or trading on our games or playing fantasy around our games, it should be regulated rather than unregulated,” he told the Associated Press. The NBA said it already works with sportsbook partners to spot unusual betting activity and has noted suspicious patterns via this partnership in the past.
The NBA is the third major sports league to sign an agreement with the CFTC this year. Major League Baseball was the first, signing a deal on March 19, 2026. This deal was described by the CFTC as the first agreement of its kind with a professional sports league. The agreement allows both sides to share information and work together on contracts linked to baseball. The NHL signed its agreement on May 21, 2026. Both sides named representatives to discuss integrity issues and share information privately.
The NBA had also contacted the CFTC before this week’s deal. In a letter dated May 1, 2025, to then-Acting Chairman Caroline D. Pham, NBA vice president and assistant general counsel Alexandra Roth said protecting the sport’s integrity was the league’s top priority. The timing of the deal coincides with federal investigators increasing efforts to look into gambling cases involving current and former NBA players.
Former NBA guard Malik Beasley is reportedly in talks with the Department of Justice about a possible plea deal over an alleged scheme linked to his play during the 2023-24 season, Yahoo Sports reported. The NBA is also dealing with the fallout from the investigation that led to Terry Rozier’s arrest on October 23, 2025. The signed MOU itself focuses on sharing information and keeping in regular contact, rather than giving the CFTC new enforcement powers. The aim for both sides is to keep markets linked to professional basketball fair and transparent.
The post NBA signs MOU with CFTC, names Kalshi, Polymarket as preferred markets first appeared on Coinfea.

About 60,000 Microsoft workers, equal to about a quarter of its global staff, are set to receive voluntary buyout offers from the company. This comes amid attempts to reduce costs while pouring money into AI spending. Chief People Officer Amy Coleman announced the program in a memo to employees on Monday.
Microsoft calls the program the Voluntary Exit Offer. The offer has been announced only two days before the company reports its quarterly earnings, and after thousands of job cuts earlier this year. The offer is open to employees ranked level 70 or below. This includes general managers and some vice presidents, but not corporate vice presidents. Employees on participating teams in the US, Canada, India and the UK are also eligible. Microsoft, however, added that its sales team, some engineering teams and certain corporate departments are excluded from accessing the offer.
Microsoft makes offer as AI spending continues to climb
A person familiar with the matter told Reuters that the offer covers AI experiences, Copilot, finance, human resources, Xbox and Windows + Devices. Employees working for the marketing, commercial business and security teams are also ineligible. Coleman left the decision up to each business leader. “Participation varies based on each business’s priorities, customer commitments, and workforce needs,” she wrote in the memo.
Microsoft also said age, years of service, and job performance do not affect eligibility. The payout follows Microsoft’s usual severance package. This package includes pay based on an employee’s level and years at the company. It also includes continued stock awards, health coverage for a limited time, and help finding another job. Unlike the company’s earlier retirement plan, it does not offer five years of health coverage.
Eligible employees will receive the offer by email and have until early December to decide. Those who accept will leave the company at the end of the year. A Microsoft spokesperson said the company has no plans to offer another buyout after this one. This is Microsoft’s second voluntary exit offer this year. The first was a retirement plan for about 8,750 US employees at the senior director level and below. The offer used a “Rule of 70” formula, which added an employee’s age to their years at the company.
More than 30% of those eligible took the offer. Microsoft later reported a $900 million charge for the program in its April earnings report, GeekWire reported. Microsoft expects fewer employees to take up the new offer because the earlier retirement plan targeted longtime staff who were more likely to leave. In July, Coleman said Microsoft was considering making voluntary exit offers a regular way to manage the workforce.
Microsoft had 223,000 full-time employees as of June 30, down from 228,000 a year earlier. The company also cut 4,800 jobs in July, equal to about 2% of its workforce, followed by more cuts in September. These came after a cut of over 15,000 jobs in 2025. Microsoft is offering buyouts as investors push it to cut costs while spending tens of billions of dollars on data centers and AI. The company said the offer does not rule out layoffs, which may still happen depending on business needs.
Alphabet and Meta have also offered employees similar deals, according to Yahoo Finance. Microsoft shares were in the green by 1.1% at a price of $530.42 at the time of writing. The company may reveal the cost of the program when it reports its earnings on Wednesday.
The post Microsoft offers staff exit offer amid rise in AI spending first appeared on Coinfea.

The stablecoin market continues to lose value as declining token supplies weigh on the broader cryptocurrency sector.
Circle’s USDC accounts for most of the recent contraction, while Tether’s USDT maintains its market dominance.
Other stablecoins have recorded mixed performances, reflecting uneven demand across the sector. Meanwhile, shrinking tokenized Treasury holdings and weaker crypto markets have raised concerns about stablecoin supply growth.
USDC leads stablecoin market decline with $4.69 billion loss
Circle’s USDC accounted for approximately 80% of the net 30-day decline among the 13 largest stablecoins. DeFiLlama data through October 25 showed that USDC lost $4.69 billion in market capitalization.
The 13 largest stablecoins recorded a combined net decline of $5.82 billion during the period. USDC’s market capitalization stood at $71.743 billion after losing $878.72 million over seven days.
Meanwhile, the broader stablecoin market declined to $300.36 billion on October 25. DeFiLlama figures indicated a $12.73 billion contraction since May 22.
Tether’s USDT also recorded losses but maintained its leading position in the stablecoin market. Its capitalization reached $182.423 billion, representing a 60.74% market share.
USDT lost $1.29 billion over 30 days and another $990.43 million during the previous week. Across the 15 largest stablecoins, seven-day net losses totaled approximately $1.90 billion.
USDe and USD1 decline while PYUSD records growth
Other major stablecoins recorded varying market capitalization changes during the month. Ethena’s USDe declined by $305.61 million, while World Liberty Financial’s USD1 lost $444.67 million, representing a 10.10% decrease.
However, Falcon’s USDf expanded by $511.16 million, marking a 42.32% monthly increase. PayPal’s PYUSD also gained $239.53 million during the same period.
Stablecoin issuance generally increases circulating supply, while fiat redemptions reduce it. Consequently, sustained redemptions can reduce funds available for cryptocurrency purchases.
Stablecoin supply expanded during the 2020–2021 cryptocurrency bull market before contracting following Terra’s collapse in 2022. That contraction coincided with an extended cryptocurrency downturn.
Bitcoin currently trades near $80,000, significantly below its October 2025 record of approximately $126,000.
Tokenized treasury market shrinks as Circle faces competition
Tokenized U.S. Treasury products also recorded declining valuations. RWA.xyz data showed their combined value falling from $16.2 billion on August 12 to $14.65 billion on October 25.
The $1.55 billion decline affected products including BlackRock’s BUIDL and Ondo’s USDY. Investors can redeem these holdings and redirect funds toward stablecoins, cryptocurrencies, or traditional bank accounts.
Standard Chartered subsequently postponed its $2 trillion stablecoin market forecast from 2028 to 2030. Geoffrey Kendrick, the bank’s digital assets research head, attributed slowing supply growth to weak cryptocurrency markets.
Kendrick described the slowdown as cyclical, noting that stablecoin supply remained between $300 billion and $320 billion over the past year.
Meanwhile, Circle’s October 16 blog disclosed approximately $819 million in distribution payments and transaction costs during the first half of 2026. That represented roughly 59 cents per dollar of its $1.4 billion revenue.
The disclosure followed growing competition from Open USD, which launched on June 30. Its consortium offers free minting and redemption, allowing partners to retain reserve interest earnings after a small management fee.
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The New York Gaming Commission has taken legal action against Kalshi over its failure to comply with investigative subpoenas.
The dispute concerns documents regulators need to examine the prediction market platform’s operations and potential gambling violations.
State officials want judicial intervention after months of unsuccessful attempts to obtain the requested records. The case adds another legal challenge to Kalshi’s ongoing dispute over federal and state regulatory authority.
The Commission filed a verified petition against Kalshi Inc. and KalshiEX LLC in New York County Supreme Court. The court registered the filing on October 22, before attorney Daniel Wallach disclosed it publicly on October 23.
BREAKING: The NYS Gaming Commission has sued Kalshi in NY County Supreme Court to force compliance with subpoenas seeking records on its sports-event contracts, offerings to NY’ers under 21, ads describing its products as wagers or bets, and ownership and corporate structure. pic.twitter.com/17Iiy3b0aV
— Daniel Wallach (@WALLACHLEGAL) October 23, 2026
The petition seeks enforcement of subpoenas issued July 31 under Section 104(7) of New York’s Racing Law. The Commission alleges Kalshi rejected important requests and provided inadequate responses to others.
New York gaming commission demands Kalshi’s betting records
The New York Gaming Commission wants four categories of documents covering Kalshi’s operations, customers, advertising, and corporate ownership.
Regulators requested information about sports-event contracts and products available to New Yorkers younger than 21. They also demanded advertising materials describing event contracts as bets or wagers.
The Commission additionally wants records detailing Kalshi’s ownership and corporate structure. These documents could help regulators determine potential penalties against Kalshi and other parties.
The petition alleges Kalshi operated an unlicensed sports wagering business in New York for at least 18 months. However, the filing introduces no additional violations, and Kalshi has not publicly responded.
Kalshi defends federal oversight as New York challenges operations
Kalshi maintains that its event contracts qualify as financial derivatives under Commodity Futures Trading Commission oversight. The company argues that federal commodities law prevents states from applying gambling restrictions to those contracts.
However, New York could use Kalshi’s advertising language to support its classification of the products as wagers. Regulators also question access for customers aged 18 to 20, while licensed New York sportsbooks require customers to be 21.
Attorney General Letitia James and Governor Kathy Hochul sued Kalshi on July 31. Their lawsuit seeks forfeiture, restitution, and triple fines, alleging damages of at least $36 billion.
Kalshi transferred that lawsuit to federal court the same day. Separately, Judge Torres denied Kalshi’s preliminary injunction request on July 7.
The judge found that federal commodities law likely did not override New York gambling restrictions on sports contracts. The Second Circuit rejected Kalshi’s emergency request on July 29, leaving its appeal pending.
Meanwhile, the CFTC’s August 11 emergency order allows Kalshi to continue trading in New York. Whether that protection extends to state investigative subpoenas remains unresolved.
Kalshi faces conflicting appeals court decisions
Federal appeals courts have reached different conclusions about state authority over prediction markets.
The Third Circuit supported Kalshi in New Jersey through an April ruling decided 2-1. However, the Ninth Circuit rejected its position in Nevada through a unanimous August decision.
The Sixth Circuit followed with another unfavorable ruling covering Ohio and Tennessee on September 25. Kalshi consequently holds one victory and two defeats across those appeals courts.
Meanwhile, Utah recently sued Kalshi, seeking geographic restrictions and up to $61.2 million in fees. Ohio requires licensed gaming operators to end prediction market relationships by October 30.
The CFTC has also sued New York, Arizona, Connecticut, and Illinois, seeking exclusive federal authority over event contracts.
Kalshi’s New York headquarters could expose it to contempt proceedings if it disobeys a court order. No Manhattan hearing date has emerged, and Kalshi could seek to transfer the subpoena dispute to federal court.
The post Kalshi faces New York court battle over unanswered subpoenas first appeared on Coinfea.

Riga, Latvia, October 16 – Paybis, a trusted crypto platform, hosted The Garden Room at Gardens by the Bay on the second and final day of TOKEN2049 Singapore. The event brought together 200 founders, investors and senior executives from traditional finance, crypto, payments and fintech companies around the world.
The evening took place at Marguerite, the one-Michelin-star restaurant inside the Flower Dome, the world’s largest glass greenhouse. The venue was taken over exclusively for the evening, with music, drinks and Michelin-quality canapés. Demand to attend was high, and the room was filled to capacity as guests continued to arrive throughout the evening. The surrounding greenery and relaxed atmosphere received positive feedback from attendees and provided a setting for conversations away from the main TOKEN2049 conference floor.
Representatives from ChangeNOW, Paybis and INPUT delivered brief introductory speeches before guests turned their attention to networking. With no panel discussions or formal conference program, the evening gave executives from traditional finance and crypto companies time to discuss where the industry is heading and explore potential business opportunities.
Several introductions have since led to follow-up discussions, with participants arranging calls and exploring potential partnerships after TOKEN2049.
“Having the room full was encouraging, but the conversations were what made the evening worthwhile,” said Paul Afshar, CMO at Paybis. “I was particularly interested in seeing executives from traditional finance and the crypto industry exchange ideas about where the sector is heading. We came away with several conversations worth pursuing, and I’m looking forward to seeing where they lead.”
The discussions come as Paybis continues to develop its crypto and traditional payment services. In May 2026, the company received two licences in Latvia. The MiCA licence covers regulated crypto-asset services, while the payment-institution licence covers fiat payments, including the movement of customer funds.
Paybis also upgraded its On/Off Ramp this year to make the buying process faster for users. The one-click flow now loads seven times faster than it did a year ago, with total page load time down by 86%. The On/Off Ramp is now one of the fastest crypto on-ramps available to wallets, exchanges and other platforms.
The upgrade is already live for all Paybis partners and works across every payment method in the one-click flow. Partners do not need to make any changes or configure the update themselves.
Paybis also supports alternative payment methods including Pix, Skrill and PayPal across different markets. Among payments made with EU-issued cards, 82% have been approved so far in 2026.
“An 86% improvement in page load speed directly supports better user conversion and is one of the reasons we see more and more companies choosing Paybis,” Afshar said. “Our focus is making crypto access dependable, compliant and straightforward for fintech platforms to integrate.”
About Paybis
Paybis makes crypto simple for individuals and enterprises. Established in 2014, the company combines a trusted crypto exchange and wallet for buying, selling, swapping and holding over 90 cryptocurrencies, with award-winning crypto-fiat infrastructure. That infrastructure lets businesses transfer capital globally without traditional payment friction.
In 2026, Paybis was recognized as Best Crypto Payment Provider, a testament to its expansive global reach, rapid onboarding protocols, and the deep expertise of the 200 dedicated professionals who drive its operations.
Processing more than $6 billion annually, Paybis is one of the most efficient platforms for acquiring and transacting in digital assets. This commitment to operational excellence is why Paybis maintains one of the highest ratings for crypto companies on Trustpilot, and why 7 million users and hundreds of the world’s fastest-growing enterprises consistently rely on its services.
The post Paybis Hosted The Garden Room During TOKEN2049 as On/Off Ramp Gets 7× Faster first appeared on Coinfea.

Ethereum has fallen around 13% over the last 30 days, almost three times Bitcoin’s 4.7% decline. The token fell below $2,300 on Oct. 24. ETH traded at $2,342.08 late on October 24, down 12.96% over 30 days, according to CoinGecko data. The weakest price over the 30-day window was a 24-hour low of $2,286.76.
Bitcoin changed hands at $80,537, down 4.71% over the same period. Ethereum opened around $2,684 and Bitcoin close to $84,249. Over seven days, Ethereum dropped 3.33%, Bitcoin 1.48%. The ETH/BTC ratio, or the price of Ether in Bitcoin, lingered around 0.0291. It began the 30-day window near 0.0319. Ethereum fell about 0.7% on the day to the late-session price, and Bitcoin about 0.1%. Ethereum crested for the window near $2,754 on Oct. 2. It has since lost about 15% and is down about 53% from its record high of $4,946.05 in August 2025.
Ethereum drops as ETFs see outflows
Bitcoin is trading ~36% below its own $126,080 peak set in October 2025. Late October 24, Ether’s market cap was about $286 billion. US spot ether exchange-traded funds registered net outflows of $110.6 million on October 22, data from Farside showed. BlackRock’s iShares Ethereum Trust, ETHA, saw $75.5 million lost of that total. Fidelity’s FETH gained $2.4 million.
On the same day, BlackRock’s ETHB lost $17.2 million. Grayscale’s ETHE lost $9.6 million, while its Ethereum Staking Mini ETF lost $10.7 million. The exit on October 22 followed $14.9 million in inflows on October 21. Grayscale’s staking mini fund saw inflows of $28.1 million on Oct. 21, while FETH took in $13 million, with ETHA shedding $29.3 million. Five successive sessions of outflows from Oct. 14 to 20 drained $388.9 million from the funds, while the seven sessions through Oct. 22 cost $484.6 million.
$129.5 million left on Oct. 14, the heaviest day of that run. October 19 added $103.3 million more. The October 23 tally showed net inflows of $4.4 million, but the ETHV fund’s figure was still absent. According to Cryptopolitan, Ethereum ETFs experienced an outflow of $1.08 billion by October 21, marking the largest monthly outflow in 2026. The outflows erased ~$832 million of inflows from September, leaving net inflows for the year-to-date at about $485 million.
October was the worst month for the funds since November 2025. Total net assets stood at $14.98 billion as of Oct. 20, or 5.01% of the market value of ether. Bitcoin ETFs bled only ~$67m in the same October period. They still had net inflows of ~$809 million in 2026. A six-session streak that began on September 29 sapped ~$408 million, and ETHA alone lost $201.89 million on October 6.
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Kraken co-CEO Arjun Sethi acknowledged that it was wrong for the exchange to email Monero (XMR) buyers about their employer, the source of their funds, and their plans for the coins. He said no rule made them ask those questions. Kraken has since withdrawn the requests, and XMR is still listed.
Monero is a privacy coin whose goal is to obscure transaction details on its blockchain. Sethi laid out the timeline in a post on X. The email went to clients who bought XMR with their own money and then withdrew it. “No rule required it,” Sethi wrote. A person working at the exchange saw a young client with a lot of money and called that a red flag, he said. “That is not a red flag. That is our customer and client,” Sethi wrote, adding, “those requests are withdrawn, and the clients have been told nothing is required of them.”
Kraken co-CEO says asking questions about purchases was wrong
The Kraken exec said the question “what will you do with your coins” is unacceptable and is gone. “Where your money came from is a fair question. What you do with it after it leaves is not,” he wrote. Sethi concluded the post with a thank you to critics for “the call out.” Kraken said that it may ask for source-of-funds documents to show where the money for a certain transaction came from because of laws that are against money laundering.
According to Kraken’s information request policy, recently amended on October 1, unanswered inquiries may result in frozen deposits and trading. There is no impact on withdrawals. “xmr stays listed. ” Buy it here, take it home,” Sethi wrote. XMR is down approximately 5% over 24 hours and was trading around $581 on Kraken early Saturday.
Kraken does not accept XMR deposits and trades for users in the European Economic Area and the UK, and users in Canada and Australia cannot deposit, hold, or trade it. The walk-back comes days after on-chain investigator ZachXBT flagged FreedomXMR, a service on Hyperliquid Core, as a laundering venue, Cryptopolitan reported. He traced some $20 million from exploit wallets to privacy coins via the service.
ZachXBT said more than 87% of inflows to FreedomXMR were linked to illicit activity. Most centralized exchanges limit XMR trading because of US or European rules. Payward, the parent of Kraken, signed an agreement on Oct. 14 to buy Lithuania-licensed Saldo Bank and procure an EU banking license. The agreement is subject to regulatory approval and is expected to close in 2027.
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Moonshot AI plans to gradually expand the cybersecurity capabilities of its open-weight models while limiting potential misuse.
The Chinese startup aims to balance stronger coding performance with safeguards against advanced hacking threats.
Its latest Kimi model demonstrates substantial progress in vulnerability exploitation despite deliberate restrictions during training. The approach highlights growing challenges surrounding powerful open-weight artificial intelligence systems.
Moonshot cuts Kimi K3.1 Pro cyber performance to 81%
Beijing-based Moonshot AI said its Kimi K3.1 Pro model scored 81% on an internal cybersecurity benchmark. However, an experimental version retaining cybersecurity training data achieved 90.5% on the same test.
The company intends to “progressively raise the cyber capability available in open weights” while managing security risks. Moonshot plans to release Kimi K3.1 Pro’s complete model weights by November 4.
The model already operates through Kimi.ai and Kimi API, supporting a one-million-token context window. Moonshot also offers a high-speed version that runs two to three times faster.
Moonshot attributed the model’s exploitation capabilities to cybersecurity material within its mid-training corpus and reinforcement learning tasks. Early experiments indicated that retaining such data during either training stage substantially increased downstream hacking performance.
Consequently, developers excluded cybersecurity material from both stages while preserving general coding tasks.
Kimi outperforms predecessor in vulnerability exploitation tests
Kimi K3.1 Pro significantly surpassed its predecessor, Kimi K3, which solved just 33.3% of xdev-bench-hard tasks.
The benchmark evaluates AI agents against recently disclosed vulnerabilities involving the Linux kernel, Node.js, and Exim. Each task provides vulnerable source code, an executable binary, and a brief description of the flaw.
Agents must execute arbitrary code inside a sandbox and retrieve a secret string to demonstrate successful exploitation.
Moonshot’s comparison placed DeepSeek-V4.1-Flash at 85.7% and GLM-5.3 at 57.1%. However, both models used a different testing harness, limiting direct comparisons.
Moonshot’s xdev-bench-hard results for Kimi K3.1 Pro and rival models, from the company’s K3.1 Pro blog.
The company said Kimi K3.1 Pro trails frontier proprietary models in publicly demonstrated cybersecurity capabilities by at least three months. Independent researchers have not verified the benchmark results.
Moonshot balances open-weight access with cybersecurity risks
Moonshot said it does not intend to release open weights that extend the absolute frontier of hacking capabilities.
Instead, the company views gradual capability increases as a way to strengthen defensive cybersecurity applications. Organizations can deploy open models internally to audit proprietary software and older systems that rarely receive security reviews.
However, open-weight distribution creates oversight challenges once developers release the model files. Developers then lose substantial control over access, usage monitoring, and subsequent safeguard updates.
Meanwhile, China recently proposed export restrictions targeting AI technologies capable of generating malware or identifying software vulnerabilities. Authorities continue collecting public comments on the draft regulations.
Microsoft also linked China-associated threat group Storm-0940 to a ConnectWise breach involving ARTEX. The open-source penetration-testing framework supports integration with different AI models.
Outside cybersecurity, Moonshot reported that Kimi K3.1 Pro achieved 65.7% on Terminal-Bench 4.0. That exceeded OpenAI’s GPT-6 Astra at 58.2% but narrowly trailed Anthropic’s Claude Opus 5.5 at 66.4%.
Moonshot’s internal factual accuracy assessment also showed improvements. Kimi K3.1 Pro’s claim-level hallucination rate fell to 8.3%, compared with K3’s 23.4%.
Separately, Moonshot’s founders face an approximately $700 million arbitration claim from shareholder Recurrent AI. The dispute comes ahead of the company’s planned Hong Kong initial public offering.
The post Moonshot plans to boost open-weight cyber skills after Kimi scores 81% first appeared on Coinfea.

Irys (IRYS) suffered a sharp price collapse after a rapid rally pushed the cryptocurrency to new highs. The reversal erased much of its recent gains within hours.
Heavy trading activity and leveraged positions accompanied the extreme volatility. Meanwhile, the sudden decline raised questions about the sustainability of the token’s earlier surge.
IRYS price plunges 74% after reaching a new high
IRYS price peaked at 0.32757 USDT on Bitget during the 19:00 UTC hour on October 23. By 05:49 UTC on October 24, the token traded at 0.08631 USDT, marking a 74% decline.
The peak hourly candle closed at 0.11138 USDT before the following hour recorded a low of 0.06106 USDT. That low represented an approximately 81% decline from the peak.
CoinGecko recorded an all-time high of $0.296 at 19:24 UTC before IRYS retreated to $0.0863 Saturday morning. At its peak, the circulating supply of 2 billion tokens carried an estimated valuation of $592 million.
IRYS price over 24 hours on CoinGecko, from the October 23 run through the slide into October 24.
Following the decline, IRYS market capitalization stood near $174 million. Approximately 20% of its total 10 billion token supply remained in circulation.
Upbit’s Korean won trading pair experienced similar volatility. IRYS climbed from its 52-week low of 16.3 won on October 18 to 450 won on October 23.
By early Saturday, the token traded near 116 won. The exchange recorded approximately 954 billion won in trading volume over 24 hours.
IRYS records 1,208% rally before sharp reversal
IRYS opened October 23 at 0.02058 USDT on Bitget before accelerating throughout the session. Between 15:00 and 17:00 UTC, the token surged from approximately 0.044 USDT to 0.14 USDT.
By 3:21 p.m. ET, IRYS had gained approximately 1,208% over 24 hours, reaching $0.2806. Its seven-day advance approached 2,083%, lifting its circulating market valuation toward $561 million.
The rally also pushed IRYS above its previous May listing high of 0.08985 USDT on Bitget. Upbit had introduced IRYS trading against Korean won, Bitcoin, and USDT on May 15.
Despite the subsequent decline, Bitget recorded a rolling 24-hour gain of approximately 212% early Saturday. Its IRYS/USDT trading pair generated roughly 57.9 million USDT in turnover.
Irys combines blockchain data storage with smart contract execution. The IRYS token supports network validation through staking and covers storage and execution fees.
IRYS short liquidations reach $21.4 million
The rapid price increase triggered substantial liquidations across leveraged trading positions. Total liquidations reached approximately $24.2 million over 24 hours.
Short positions accounted for $21.4 million, while long positions contributed approximately $2.8 million. Forced short liquidations require traders to repurchase tokens, potentially accelerating upward price movements.
Meanwhile, outstanding IRYS futures positions reached approximately $1.22 billion. Rising token prices also contributed to the elevated dollar value of open positions.
No confirmed catalyst explained either the extraordinary rally or the subsequent collapse.
Irys tokenomics restrict team and investor allocations during the first year. The project initially releases approximately 20% of its total supply into circulation.
The volatility followed another speculative token collapse on October 22. A Pump.fun token promoted through trader Clayton Kim’s Kimchi account briefly reached a $15 million market capitalization.
However, the token subsequently lost more than 98% after the promotional post disappeared approximately 30 minutes later.
Upbit’s Korean won market led IRYS trading activity during the rally. Separately, Korean traders have pursued offshore leveraged products, including KospI-Linked instruments offering exposure of up to 150 times.
The post IRYS price crashes over 70% within hours after massive rally first appeared on Coinfea.

Meta has postponed the implementation of its revised Commercial Terms and Self-Serve Ad Terms to November 20. Originally set to be implemented on October 30, the revised schedule came after some publishers and advertisers raised concerns regarding a new website-crawling provision.
The outcome of this decision will determine who holds the right to use journalistic content in AI products. On 23 October, Reuters reported that the complaints had been submitted to the EU and UK competition authorities. Meta dismissed the allegations about wanting to have unlimited rights to content published online. The company said that the postponement gives it a chance to give an explanation about its crawlers. It also reminded publishers of the fact that they have a right to exclude or allow the usage of their sites through robots.txt, a file giving instructions to automated bots.
Publishers demand security from Meta
Publishers are looking for more than just a sense of security. UK News Media Association chief Theo Bamber referred to the postponement as “a pause, not a solution,” and urged the introduction of legally binding commitments. In a letter dated October 22, WAN-IFRA called for binding robots.txt protections, revocation of Meta’s permission to generate test credentials, measures preventing the bypassing of paywalls, as well as the possibility of opting out of crawling without losing access to business tools.
WAN-IFRA president Ladina Heimgartner summed up the industry’s concerns: Journalism is not raw material to be collected as a condition of being present on a platform. The issue is in the language. Meta’s revised terms allow the automatic harvesting of data from online content “associated with” business accounts for the purpose of creating advertisements and business products. Meta has dropped the word “training.” However, legal experts told Nieman Lab that “develop” may still be interpreted as AI training.
Moreover, the new terms do not contain any explicit statement that robots.txt will be honored. Meta disputes that reading. The postponement has not contributed much to easing regulatory concerns. Although the European Commission welcomed the move, Britain’s Competition and Markets Authority said it would continue examining Meta’s terms. There is also an increasing call by publishers for better protections.
Angela Mills Wade, the executive director of the European Publishers Council, stated that there should be no reason for the company to gain control over publishers’ content simply due to it having a Meta business account. In the US, Senator Marsha Blackburn has even demanded that the company guarantee the withdrawal of the new terms altogether. The dispute goes beyond publishers’ control over their content. It could also affect the growing market for AI licensing deals.
As Cryptopolitan reported on October 15, CNN joined Google’s paid News AI pilot, which now includes more than 400 publications. Such deals may be harder to reach once platforms are allowed to access content more broadly under their commercial terms. Small AI developers may also suffer against those firms that have control over both distribution and access to content. The OECD points out that the current concentration of AI resources plus vertical integration entails risks for competition. Still, publishers are not counting on licensing to deliver substantial revenue.
The Reuters Institute’s 2026 survey found that only 20% of publisher respondents expected substantial AI-related income. Another 49% anticipated minor contributions, while 20% expected none. Better tracking could help publishers negotiate. On October 2, the SPUR Coalition introduced a telemetry standard to record when AI systems retrieve or cite their content. It could strengthen their bargaining position, although it cannot guarantee payment. For now, publishers want Meta to turn its assurances into binding protections for crawling, opt-outs, and licensed AI use before November 20.
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On Thursday, the Kimchi account on X sent a brand-new Pump.fun token to a ~$15 million market cap in minutes. About 30 minutes later, the post disappeared, and the coin tumbled by over 98%. The account shared a photo of a poster on a sidewalk in Manhattan that read “project kimchi, same internet, different outcome.”
The poster had a Pump.fun logo, App Store badges, and a QR code pointing to a fresh token called Project Kimchi. Market cap hit $10 million in seconds and peaked at about $15 million, though Lookonchain pegged the high at around $14 million. Pump.fun co-founder Alon Cohen reposted the promo from his personal account before erasing it. Traders who rescanned the QR code later said it no longer led to the token. At one snapshot, the market cap was ~$284k, with $8.66M in trading volume. Another got it at ~$600,000 in minutes and ~$183,000 the next day. Market cap prices the full supply at the last trade.
Users blame Kimchi drop on several factors
Lookonchain flagged wallets that bought Kimchi early and sold into the rally for a combined $385,000+ in profit. It listed three addresses on Solana. Early posts blamed an account hack. Skeptical on-chain sleuths doubted this within minutes, citing Cohen’s speedy repost and just as fast reversal. Cohen did not post any hack warning after pulling the repost, trader Fabiano said on X. If they had a partnership deal, it made little sense for Kimchi to delete Pump.fun posts, he added.
Kimchi, real name Clayton Kim, has since scrubbed Pump.fun from his X bio and wiped older posts about joining the platform. By Friday, neither Kim nor Pump.fun had responded. On October 20, two days before launch, Kimchi became a creative partner with Pump.fun. Cohen called him “the first ever example of a trader becoming a celebrity.” X user tontheneko told Cohen to return buyers’ money. “You literally retweeted a rug pull and made hundreds of people lose money,” the user wrote.
There has been no official finding of fault or refund. Separately, Bitquery also detected three related wallets that made ~$104,000 on an earlier KIMCHI launch around October 20, but couldn’t connect them to the deployer. Kimchi’s notoriety is based on a claim to ~$40 million in profit from the official TRUMP token, which launched in January 2025. Bubblemaps tracked his linked wallets on the day of the crash and found ~$6 million in verifiable profits. Bubblemaps said a hidden address was possible, but unlikely, as Kimchi would have probably revealed it by now.
His first KIMCHI meme coin attained ~$40 million within an hour of the Pump.fun signing. An anonymous deployer purchased ~79% of the supply for ~$9,300 and routed creator fees to a wallet labeled Kimchi. Former Pump.fun developer Jarett Dunn got six years in prison from a London judge over a $2 million Solana fraud, Cryptopolitan reported in December 2025. Only 6.25% of Solana meme traders made a profit over 90 days, with the median trader down $120, Cryptopolitan reported in August.
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OpenAI sent teams of its own frontier-model agents to its training infrastructure, and the models discovered previously unknown software bugs that allowed them to break out of sandboxes and access the live internet. The campaign featured some of the company’s best models, including the upcoming GPT-6 Astra Cyber model and an internal frontier model.
OpenAI furnished them with source code for infrastructure, configuration information, and documentation on likely weak spots. They then spent hundreds of billions of tokens on the tests. The agents had three goals: to reach the live internet, to cross an internal security boundary, and to exchange messages with agents they were supposed to be walled off from. Fixes were pushed upstream to Kata Containers (including CVE-2026-24834), gVisor, and Moby/Docker. Linux kernel patches are out for CVE-2026-74753, CVE-2026-80521, and CVE-2026-80841. OpenAI said it has also reported many other vulnerabilities that have not been made public.
OpenAI frontier models escape sandboxes to reach open internet
Agents that were given a host machine exposed holes in almost all narrow services that were still allowed out, such as metrics, logging, and authentication management. In one test, an agent used an existing connection approved by a firewall to hit a blocked authentication endpoint in the metrics service and then had it fetch a URL the model gave it. Agents in distinct VMs exchanged secrets even in the absence of a network link and common files.
One evicted chosen data from the processor’s cache; the other timed how long it took to reload it, the same cache-timing trick behind the Spectre and Meltdown attacks. OpenAI said it didn’t find a way to the internet that agents could trivially exploit while hiding from its monitors. As testing went on, discoveries dwindled, the company said, but it expects that future models will find flaws it doesn’t know about yet.
Now, says OpenAI, it blocks live internet access during frontier training until its safeguards are good enough to warrant more. Models practice browsing in an “offline world” of indexed and cached web pages, wrote OpenAI, so that capable, misaligned agents have no opportunities to influence systems outside the company’s control via live access. The pause was forced by the incident of September 20. An internal research model stuck on a search task detected that its sandbox’s own DNS resolver was responding to real queries.
It used DNS delegation to pass questions on to an outside chatbot that replied: “The capital of France is Paris.” Monitoring flagged the activity for review within 15 minutes, and a person began reviewing it three minutes later. The run didn’t stop automatically and was killed about 2.5 hours later. OpenAI froze training and evaluation of its most capable models, and then closed the gap at two independent layers. The RL training and internal use of its frontier models resumed Oct. 1, 11 days after the pause began.
The lockdown goes back to July when OpenAI agents hacked Hugging Face’s systems, getting around evaluation controls. OpenAI’s biggest planned frontier RL run was still on ice in August. Since then, California Attorney General Rob Bonta has issued the company an investigative subpoena over cybersecurity incidents involving its models, Cryptopolitan reported.
The post OpenAI agents escape from its training sandbox first appeared on Coinfea.

A group of waddling Microduck robots stole the spotlight during Nvidia CEO Jensen Huang’s GTC Berlin keynote. It reportedly bagged more than 20,000 preorders. However, Hugging Face CEO Clem Delangue was less definite in his original post: “Going to cross 20,000+ total pre-orders probably tomorrow making Microduck probably the most sold robot of 2026?”
Delangue was predicting that preorders would reach 20,000, not confirming they had already crossed that mark. The figures also represent advance orders, not robots delivered to customers. In an October 21 clip, Huang asks for a somersault. The ducks walk, sit and play dead. Pollen Robotics made Microduck and became part of Hugging Face in 2025. Nvidia agreed to acquire Hugging Face in September, though the deal isn’t expected to close until 2027. Microduck deliveries are expected before Christmas.
Nvidia set to make first deliveries before Christmas
The Microduck is more of a programmable desk robot than a household assistant. It is 25 cm tall and weighs 800 grams, and is equipped with 15 motors, a camera, LIDAR, and two inertial sensors. It comes with seven trained moves. But owners can teach it new tricks and share those movements with other Microduck users. Its software is open source under Apache 2.0. The robot costs $399 before taxes and shipping. In an October 23 technical post, Nvidia showed how robots like Microduck can learn to move through simulation.
AI agents first created a virtual obstacle course. Isaac Lab then trained the robot’s movements across 4,096 simulated environments using a Blackwell GPU. Finally, Isaac Sim checked its performance before testing on a physical robot. Robots can already navigate warehouses and make deliveries, according to Epoch AI. But handling everyday objects at home is another matter. Robots typically work three to ten times slower than humans and often need retraining when faced with unfamiliar tasks.
Microduck’s seven trained moves may be entertaining, but they don’t solve these problems. Nearly 25,000 humanoid robots were shipped worldwide in the first half of 2026, according to IDC figures reported by Forbes. That’s a 432.1% increase from a year earlier, with revenue topping $740 million. Chinese manufacturers produced more than 95% of them. However, 69% of shipments went to research, exhibitions and data collection rather than everyday commercial work.
Consumer robots tell a different story. The IFR reported that sales reached 34.2 million units in 2025, up 37%. Most were household robots, such as automated vacuum cleaners, rather than humanoids. In a survey, 65% of U.S. respondents wanted an advanced home robot. Yet 69% would not pay over $5,000, and about half worried about safety. Former Nvidia robotics executive Amulya Vishwanath called the industry a “Lego era” in Cryptopolitan, pointing to unfinished components and safety systems. McKinsey sees supply-chain limits, too.
While selling robots might not be considered to be Nvidia’s greatest opportunity, BCG reports that software training and deployment could lead to growth in the robotics sector. On its part, Nvidia intends to become the supplier of chips and simulation technologies employed by those robots, regardless of whether they are from China or elsewhere. The case of Microduck provides insight into this broader approach.
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