Crypto Industry News & Market Trends

South Korea clears way for courts to seize and sell Bitcoin for unpaid debts under new November rules

South Korea has established procedures for courts to seize and sell debtors cryptocurrency to satisfy civil claims.　　Related Asset Bitcoin #1 BTC · $83,499.58 24-hour change: up 0.07% Loading price history… 24H Up 0.07% 7D Down 2.91% 30D Up 8.80%　　On Oct. 12, the Supreme Court promulgated Rule 3280, introducing standardized procedures for freezing, transferring, and liquidating digital assets to recover unpaid debts. The regulations take effect on Nov. 1 and cover cryptocurrencies held on exchanges and in private wallets.　　One provision allows court officers to take possession of directly held crypto before debtors receive formal notice of an attachment order, potentially limiting opportunities to move assets beyond creditors reach.　　The changes come as cryptocurrency holdings increasingly feature in South Korean debt-recovery proceedings, prompting authorities to establish consistent procedures for assets that can be transferred rapidly without relying on traditional financial intermediaries.　　Crypto exchanges face new obligations under debt-recovery rules　　Under the framework, creditors seeking repayment from cryptocurrency held on exchanges can obtain court orders attaching a debtors right to receive those assets.　　Once an attachment order is served, the exchange or other custodian must prevent the transfer of covered assets to the debtor, who is also prohibited from disposing of the claim or receiving the cryptocurrency.　　Creditors

2 days agoIndustry

Metaplanet seeks $340M to repay Bitcoin loans, buy back shares

Japanese Bitcoin treasury company Metaplanet has announced plans to issue ¥52 billion, approximately $340 million, in zero-interest convertible bonds due in 2031, using the funds to repay Bitcoin-backed loans and finance share repurchases.　　SummaryMetaplanet plans ¥52 billion in zero-interest convertible bonds maturing in October 2031, its filing confirmed.The company earmarked ¥23.6 billion for debt repayment and up to ¥28.3 billion for buybacks.Metaplanet held 44,000 Bitcoin at Septembers end, according to its latest corporate bond issuance filing.Existing Bitcoin-backed borrowing reached approximately $650 million, exceeding the companys preferred leverage ratio in September.Merrill Lynch International will lead the overseas offering, excluding the United States, with issuance scheduled October.　　Metaplanet disclosed the financing plan in an October 13 filing with the Tokyo Stock Exchange, following a decision by CEO Simon Gerovich under authority granted by its board. The company expects to receive approximately ¥51.9 billion in net proceeds, allocating ¥23.6 billion toward debt repayment and up to ¥28.3 billion for share buybacks. The bonds are scheduled for issuance on October 29, 2026.　　Metaplanet convertible bonds will fund debt repayment　　Under the agreement, Metaplanet will issue unsecured, zero-coupon convertible bonds with a total principal amount of ¥52 billion. The securities mature on October 29, 2031, and carry no periodic

2 days agoIndustry

Ripple News: RLUSD Custody Goes Live at Standard Chartered

In Ripple news today, Standard Chartered launched institutional custody for RLUSD issued on the XRP Ledger (XRPL) on 12 October 2026, making the service available to eligible clients through its Dubai International Financial Center (DIFC) branch, regulated by the Dubai Financial Services Authority (DFSA).　　Announced in Singapore, the launch is distinct from a planned arrangement with Ripple and LMAX Group to make RLUSD eligible collateral for agreed trading and collateral-management products; that integration is not yet live.　　JUST IN: Standard Chartered launches institutional custody for Ripples RLUSD stablecoin on $XRP Ledger. pic.twitter.com/DtI0z3qZKq　　— Whale Insider (@WhaleInsider) October 12, 2026　　This is not simply a custody listing. It connects a live bank custody service with a proposed workflow for institutions to use stablecoin value as trading collateral without transferring the underlying RLUSD directly to a venue.　　Ripple holders will be hoping this level of institutional adoption will be reflected in price action, as XRP USD currently trades at $1.38, down 2.5% on the day after losing its key support level of $1.40.　　(SOURCE: TradingView)　　Ripple News: What Is Live and What Remains Planned for the Standard Chartered Collaboration？　　Standard Chartered has launched custody support for RLUSD on XRPL for eligible institutional clients through its DIFC branch, operating under a

2 days agoIndustry

Moving Past XRP: Standard Chartered's RLUSD Launch Signals New Ripple Era

Ripples expansion on Wall Street calls into question the market link between the company and the token historically associated with it. In October 2026, Standard Chartereds launch of a custody service for Ripples stablecoin, Ripple USD (RLUSD), outlined the contours of a new era.　　The fintech giant is building an institutional network in which the native XRP token risks becoming an optional element. Santiment analysts also lean toward the conclusion that this step signals Ripples ability to win in the major leagues without accompanying XRP growth.　　While the XRP price stagnates, RLUSD issuance is showing strong organic growth. The young assets market capitalization has reached $2.41 billion, placing it 39th in the global stablecoin ranking, close behind PayPal USD ($2.9 billion).　　Ripple USD (RLUSD) rank and market capitalization on the top stablecoin list, Source: CoinMarketCap　　However, big capital ignores volatility. Banks view RLUSD as a pure settlement instrument, and the stablecoins multichain nature spreads transactions beyond the XRP Ledger network. This deprives XRP of its role as the exclusive fuel of the ecosystem, shifting the focus of Ripple itself toward the high-yield business of managing fiat reserves and collecting infrastructure fees.　　What does a parallel reality where banks dont buy XRP look like？　　The integration with

2 days agoIndustry

NFT Marketplace Blur to Shut Down Website, Stop New Blend Loans Next Month

In briefBlur will deprecate the frontend of its NFT marketplace at blur.io on November 12, though the marketplace protocol will remain operational on-chain.Its NFT lending platform Blend will stop matching new loans the same day, and borrowers must repay or let their loans default before then.Statista projects global NFT market revenue of $318.3 million in 2026, well below its 2021 and 2022 peaks.　　Ethereum NFT marketplace Blur will shut down its website on November 12, the company said.　　The deprecation applies only to the blur.io frontend. The Blur marketplace protocol will remain operational on-chain, and holders of the BLUR token will continue to control its fee switch, the team said.　　Blend, Blurs peer-to-peer NFT lending platform, will stop matching new loans on the same date. Borrowers have until then to repay their loans or allow them to default, and Blur said it will provide a tool afterward to help users withdraw their assets from Blend.　　Blur and the NFT market　　Blur launched in 2022 with a token airdrop to traders, and quickly overtook OpenSea in trading volume. Critics later questioned whether its incentives helped crash NFT prices.　　The NFT market has since shrunk sharply. Global NFT market revenue is projected at $318.3 million in 2026, essentially

2 days agoIndustry

Chinese fraud victims lose key court battle over 61,000 Bitcoin

Chinese fraud victims seeking to recover 61,000 Bitcoin seized by the British government have lost a key legal battle after Londons High Court ruled that Chinese law, rather than English law, should govern claims to the assets.　　On Monday, Justice Mark Turner rejected arguments for applying English law or a combination of English and Chinese law to the victims ownership claims. The judge ruled that Chinese law must determine whether the claimants have property rights in the seized Bitcoin, leaving the validity of claims for subsequent proceedings.　　“The relevant damage occurred in China. The Applicants parted with their money in China,” Turner wrote. “The contractual relationships thereby induced were entered into in China.”　　The dispute stems from an investment fraud scheme orchestrated by Zhimin Qian between 2014 and 2017, with British authorities seizing the assets during a money-laundering investigation. In March, victims challenged a proposed compensation arrangement involving a Chinese redress scheme, arguing that it could leave British authorities with much of the gains from Bitcoins appreciation.　　The victims had sought to apply English law because it could have allowed them to claim direct ownership of the Bitcoin, rather than merely seek compensation as creditors. However, the UK ruling does not determine who ultimately

2 days agoIndustry

Ethereum price at risk as Tom Lee warns of selloff

Fundstrat co-founder Tom Lee has warned that South Korea‘s stock market crash could trigger further selling pressure on Ethereum, as the country’s benchmark KOSPI plunged more than 6% on October 13, 2026.　　SummaryTom Lee warned South Koreas stock market selloff could spread into cryptocurrency markets through liquidations.South Korea‘s KOSPI plunged over 6% intraday, prompting emergency trading controls during Tuesday’s market session.Ethereum traded near $2,530 after losing 6.16% over seven days, according to CoinGecko data.BitMine acquired 12,532 ETH, raising its reported holdings to 6,028,946 tokens, representing approximately 4.9% ownership.Ethereums technical indicators showed weakening momentum, with $2,400 support and $2,600 resistance under close observation.　　Fundstrat shared Lee‘s warning on X, where he raised concerns about forced stock sales among South Korean investors and the possibility of those losses spreading to cryptocurrencies. Lee pointed to the country’s high participation in digital assets and warned that brokerage margin liquidations could create additional selling pressure.　　He described the potential effect on Ethereum as “short-term pain,” without providing a specific price target or estimating possible crypto liquidations.　　You might also like:　　Ethereum price meets resistance: Can $2,575 unlock a rally？　　Tom Lee warns Ethereum could face more selling pressure　　The warning followed a sharp decline in South Korean equities, led by major technology

2 days agoIndustry

IMF finds over half of tokenized US stock trading happens after Wall Street closes

More than half of sampled tokenized US stock trading occurs outside Wall Streets regular hours, the International Monetary Fund (IMF) found.　　Related Asset Ondo #41 ONDO · $0.48 24-hour change: down 7.22% Loading price history… 24H Down 7.22% 7D Down 3.42% 30D Up 38.94%　　The IMFs October Global Financial Stability Report also showed that approximately 80% of tokenized equity transactions involved less than one share, providing evidence of demand for fractional investments and around-the-clock access to American securities.　　However, the study found that tokenized equities experienced roughly 50% higher realized volatility than their traditional counterparts, while fragmented trading venues offered significantly weaker liquidity.　　The findings come as exchanges and financial institutions expand efforts to bring US equities onto blockchain infrastructure, potentially challenging conventional market hours and settlement arrangements.　　Tokenized stock prices reflect overnight market activity　　The IMF examined five of the most actively traded tokenized US equity products issued by Ondo and xStocks, covering exposure to the S expansion　　The growing activity outside Wall Streets operating hours comes with significant differences in market quality.　　The IMF found that traditional exchanges remained substantially more liquid than tokenized trading platforms, with centralized crypto venues performing better than decentralized exchanges.　　On decentralized platforms, relatively small transactions could produce disproportionately large price movements

2 days agoIndustry

Bitcoin Price Forecast: BTC Tests $84K as $83K Support Holds

Todays Bitcoin price forecast highlights the asset trading at $83,600, down 0.3% over 24 hours, and still below the $84,000 level bulls need to reclaim. The immediate question is whether that bounce can hold as sentiment cools and traders await US inflation data on October 14.　　CoinMarketCaps Fear and Greed Index fell to 56 on Monday, down from 82 on August 26, while spot Bitcoin ETFs recorded a net $386.3M in outflows for October in the supplied market report.　　Bitcoin had dropped from a recent peak of $86,970 to $81,750 before recovering. A chart or market-data embed showing the index alongside BTCs $84,000 rejection would frame the shift clearly.　　The wider setup is not a confirmed trend reversal: BTC remains in a volatile range, with macro uncertainty and fund flows complicating the rebound. The next test is whether support holds through the inflation release, or whether sellers force another move toward $80,000.　　Join Coinspeakers $1,000 Prize Drop on Bybit　　Bitcoin Price Forecast: Can BTC USD Reclaim $84,000 This Week？　　(SOURCE: TradingView)　　At around $83,800, Bitcoin was down -0.3% in 24 hours, with an intraday range of $81,114.88 to $83,885.50. That puts the price close to, but still under, the $84,000 threshold.　　Bitcoin is holding just under $84,000 while

2 days agoIndustry

Ledger reveals how hidden chips stole wallet recovery keys

Ledger has confirmed that an unauthorized hardware implant found inside a cryptocurrency signer sold by Southeast Asian reseller CryptoBilis can capture users 24-word recovery phrases and transmit them through a cellular network.　　Ledger disclosed the findings on October 13, following an investigation by its Donjon security team into cryptocurrency losses reported on October 9. The company confirmed the presence of an implant in one affected customers device on October 10 and said every fund loss it has verified in the incident involved devices purchased through CryptoBilis. The reseller has suspended Ledger signer sales while investigators examine the affected hardware.　　Ledger wallet security investigation reveals hidden spying device　　According to the company‘s latest findings, the unauthorized component sits inside the wallet’s casing and monitors information displayed on its screen. During the initial setup process, a Ledger signer displays a 24-word recovery phrase that allows users to restore access to their cryptocurrency holdings.　　The implant contains a microcontroller that can read the information displayed during setup. When it detects recovery phrase screens, it decodes the words and transmits the information through an LTE connection using a provisioned eSIM. Ledger‘s findings indicate that the component operates independently of the signer’s normal security systems.　　In its statement, Ledger explained

2 days agoIndustry