Crypto Industry News & Market Trends

Binance to Block Some Brazil Crypto Transfers

Binance is set to impose stricter restrictions on crypto transfers for Brazilian users. Some international crypto transfers to/from Brazilians will be blocked or frozen unless users share more data as the countrys crypto regulation expands.　　The exchange giant will require Brazilian users to share details about the intent of their crypto transfers and their transaction partner when they send or receive crypto abroad, effective Nov. 1. Binance will not submit withdrawals unless the users fill in a questionnaire. Additionally, for incoming transfers, there is a chance the crypto transfers may be frozen and even sent back in some cases.　　The move follows Brazils Resolution BCB No. 521/2025, which brought certain virtual asset transactions under the countrys foreign exchange control rules.　　Binance will submit the collected data to the Central Bank of Brazil on a monthly basis, the firm said.　　What crypto transfers are impacted？　　The new rules are only about international transfers. They do not affect crypto transactions between Brazilian residents.　　International transactions are transfers of crypto between Brazilian residents and non-residents (for example, sending crypto to another person in a foreign country or paying a foreign company, or transferring crypto between your Binance account in Brazil and your personal account on a non-Brazilian crypto exchange).　　When

3 days agoIndustry

S&P starts measuring how risky crypto lending vaults are

S&P Global Ratings has launched a Vault Risk Assessment framework for on-chain lending vaults as deposits in the sector reached $10 billion in September 2026.　　SummaryS&P Global Ratings launched VRA to assess impairment risk across blockchain-based digital asset lending vaults.The framework reviews six risk areas, including portfolio quality, liquidity, curators, blockchains, protocols and governance.AAA(v) represents the lowest risk, but S&P says VRA is not a traditional credit rating.Vault deposits reached $10 billion in September 2026, up from $1.5 billion two years earlier.S&P says initial vault assessments will arrive later, with no individual vault graded at launch.　　S&P Global Ratings launched the framework on Oct. 4, describing it as a forward-looking assessment of the relative risk that an investors position in a digital asset lending vault could become impaired. The company said deposits across such vaults had climbed from $1.5 billion in September 2024 to roughly $10 billion two years later.　　S&P Global Ratings launched a risk framework for onchain lending vaults on October 5, as deposits hit $10 billion, up from $1.5 billion two years ago. The assessment covers credit, liquidity, curator, blockchain, protocol, security, and governance risks. Initial vault reviews… pic.twitter.com/MtBw838nWb　　— Oldmoney ???????? ᛤ???? (@oldmoney_sats) October 5, 2026　　The system uses familiar letter

3 days agoIndustry

OKX, NYSE parent file to launch tokenized US stock platform

An OKX joint venture has filed with the US Securities and Exchange Commission to launch a tokenized stock trading platform.　　OKXICE LLC, a joint venture between cryptocurrency exchange operator OKX and New York Stock Exchange parent Intercontinental Exchange Inc., has notified the SEC that it intends to launch a tokenized securities venue (TSV) under the SECs new innovation exemption.　　The platform will include more than 60 companies listed on US stock exchanges, said OKXICE co-chair Andrew Cuomo.　　“The digital asset revolution is already transforming our financial system. Tokenized securities are part of what comes next,” he added.　　A public notice dated Oct. 4 lists 63 proposed stock symbols, including Nvidia, Apple, Microsoft and Tesla, alongside crypto companies such as Strategy, Coinbase, Circle and Bitgo.　　The OKXICE platform plans to operate 24 hours a day, seven days a week, using permissioned Uniswap v4 liquidity pools deployed on XLayer. Each tokenized stock would be paired with USDC (USDC), Global Dollar (USDG) or USDt (USDT).　　OKX and Intercontinental Exchange formed a 50-50 joint venture in June to build infrastructure for tokenized financial products.　　In September, the SEC issued a temporary exemption allowing limited trading of tokenized US stocks on certain onchain venues. Under the innovation exemption, TSVs can offer permissioned

3 days agoIndustry

Bitcoin Faces Make-or-Break Resistance at $87,200

There is a very important level coming up for the top cryptocurrency. This could be the key to either making or breaking a potential breakout for the most recent bounce. On the other hand, it could also just be the next consolidation spot.　　Some analysts are pointing out a key resistance level to watch for at $87,200, which could be important for Bitcoin bulls.　　Interestingly enough, the $87,200 level seems to coincide with some previous local high levels for Bitcoin.　　Bitcoins horizontal resistance level is around $86,984. The previous intraday wicks tend to go up to around the $87,200-$87,300 level.　　Bitcoin is trading at $85,468 at the moment, according to CoinGecko.　　Notably, this test of the resistance level comes just days after Bitcoin broke above the $87,000 level after some surprisingly poor U.S. employment figures. U.S. jobs only grew by 29,000 for the month of September. The unemployment rate also climbed to 4.2%. Bitcoin managed to hold on to the gains just under the $87,000 level after the news.　　The importance of the level　　The bulls have failed several times to get a sustained breakout above the $87,000/$87,200 level.　　Bitcoin did break above from the low $82,000s to the $87,200 area in late September. There was then a

3 days agoIndustry

Zcash NU7 goes live on testnet with 25 second blocks

Zcash has activated its NU7 network upgrade on testnet at block 4,465,026, putting its planned 25 second blocks and new fee mechanism into live testing ahead of a targeted Nov. 5 mainnet rollout.　　According to Zcash testnet block data, the activation block was mined on Oct. 4 at 18:21:45 UTC, earlier than the roughly Oct. 6 timing developers had previously estimated. Zcash later confirmed that NU7 was live on testnet.　　Testing now gives developers several weeks to observe the protocol changes before deciding whether the same upgrade should move to the main network. A final decision is scheduled for Oct. 20, when developers are expected to determine the mainnet activation height based on the testnet results.　　Mainnet activation remains targeted for Nov. 5 and has not yet been finalized.　　Zcash NU7 begins testing with 25 second blocks　　NU7 would cut Zcashs target block spacing from 75 seconds to 25 seconds, allowing the network to produce roughly three blocks during the period currently targeted for one.　　Zcash Foundation said in its Oct. 2 release of Zebra 7.0.0-rc.0 that the shorter interval would reduce the average wait for a first confirmation from 75 seconds to 25 seconds. Testnet operators were encouraged to run the release candidate and test

3 days agoIndustry

Google Gemini cited in $69K crypto scam report

Google Gemini has been cited in a crypto investigators report alleging that Tronify.rent took $69,651 from roughly 80 victims during September after at least one user said the AI service had described the website as safe.　　JP, founder of IOC Investigations, said the TRON-focused website received funds from victims through several addresses and claimed a victim had asked Gemini whether the service was legitimate before interacting with it. His Oct. 4 post listed 12 TRON addresses that he associated with the operation.　　SOMEHOW, this scammer was able to get Googles Gemini to recommend his fake website and steal $69,651 – IN ONE MONTH!　　About 80 people fell victim to Tronify dot rent last month. According to a victim report, Gemini even confirmed that it was a safe website!　　The $69,651 figure and roughly 80-victim count come from JPs investigation. No independent blockchain-forensics report reviewed for this article has separately reproduced the full loss total across the listed addresses.　　Tronify scam claims center on wallet connections　　Tronify.rent presents itself as a TRON energy rental service promising to cut transaction costs for users moving assets on the network.　　The website currently claims it is a noncustodial service and tells visitors they retain control of their assets. Its interface includes

3 days agoIndustry

Zcash group starts lobbying U.S. lawmakers to push crypto policy

A Zcash-focused advocacy group has registered to lobby the U.S. government on crypto market rules, taxation, financial privacy and developer protections, with its federal registration effective Oct. 1.　　The U.S. Lobbying Disclosure Act filing shows Pretty Good Policy for Zcash, or PGPZ, registered as an organization employing an in-house lobbyist and named Executive Director Divij Pandya as the only person expected to lobby on its behalf. The filing describes the groups work as “Zcash ecosystem development, developer protections, and financial privacy.”　　Three legislative items are specifically listed. They are H.R. 3633, the Digital Asset Market Clarity Act, the Aligning Digital Assets with Principles of Taxation Act, and the Digital Asset Tax Certainty Act.　　Zcash advocacy now has a formal Washington presence　　PGPZ emerged in June from Pretty Good Policy for Crypto, a policy initiative originally developed by Electric Coin Co. The earlier project held recurring Washington roundtables for crypto policy professionals and organized a congressional briefing on privacy-enhancing technologies in 2023.　　PGPZ founder Paul Brigner has said the new organization is intended to give Zcash a dedicated policy voice. Speaking about the initiative, he said the goal was to ensure Zcash has “serious, organized, and credible policy engagement in Washington.”　　The groups own site describes PGPZ

3 days agoIndustry

Kraken parent Payward and SGB launch 24/7 settlement for...

Kraken parent Payward has connected to Singapore Gulf Banks SGB Net to give selected institutional clients in Asia and the Gulf 24/7 U.S. dollar settlement.　　Payward announced the partnership on Oct. 5, saying clients of both companies can now settle qualifying transactions at any hour through SGBs real-time, multi-currency clearing network. The initial rollout covers U.S. dollars and a limited group of institutional customers in supported jurisdictions.　　Markets run 24/7. Settlement should too.　　Singapore Gulf Bank will connect with Kraken Prime under the same arrangement, giving the bank another source of digital-asset liquidity. SGB plans to use Paywards markets when pricing trades for its own customers over the coming months.　　Payward brings 24/7 settlement to more institutional clients　　SGB Net allows participating customers to transfer fiat funds without waiting for normal banking hours. Through the Payward integration, an eligible SGB client can deposit money with Payward and make the funds available for trading immediately, including during weekends.　　The service starts with U.S. dollar transfers. Payward and SGB said more currencies and clients are expected to be added later, though neither company provided a timetable for the next phase.　　Payward Chief Commercial Officer Mark Greenberg said digital-asset firms often face a mismatch between continuous trading and banking cut-off

3 days agoIndustry

OKX seeks SEC approval for 63 tokenized U.S. stocks

OKX has filed with the U.S. Securities and Exchange Commission through its OKXICE joint venture to launch a platform initially covering tokenized shares of 63 NYSE-listed companies.　　SummaryOKXICE filed with the SEC to offer tokenized shares of 63 NYSE-listed companies to investors.SEC rules require qualifying tokenized stocks to preserve dividends, voting rights, and equivalent shareholder claims.Issuers get 30 calendar days to object before unaffiliated third-party tokenized shares can begin trading.OKX already offers tokenized stocks offshore, but current products do not provide direct shareholder rights.OKXICE remains subject to regulatory conditions before its U.S. tokenized stock platform can launch commercially.　　Bloomberg reported on Oct. 4 that OKXICE LLC, the 50-50 venture between OKX and New York Stock Exchange parent Intercontinental Exchange, submitted paperwork seeking to use the SECs new tokenized-stock framework. The filing itself had not yet surfaced in publicly searchable SEC records when checked.　　The plan would make digital versions of the selected shares available under conditions set by the SECs Innovation Exemption. Issuers would receive notice before trading begins and would have 30 calendar days to object when an unaffiliated third party creates the tokenized version of their stock.　　You might also like:　　OKX launches 10x OpenAI, Anthropic X-Perps in Europe　　OKX plans to start with

3 days agoIndustry

Safe investor asks Swiss watchdog to intervene in governance dispute

Greenfield Capital, an investor in Safe, says it has filed a supervisory complaint with Switzerland‘s foundation watchdog, seeking changes to Safe Ecosystem Foundation’s board after months of engagement failed to resolve its governance concerns.　　In an open letter to the Safe community on Sunday, Greenfield founding partner Jascha Samadi said the complaint to Switzerlands Federal Supervisory Authority for Foundations (ESA) comes after his firm became “increasingly concerned” about the state of Safe since early 2025, citing its performance relative to the broader market and a lack of independent voices on the foundation board.　　“But we have come to believe, after more than a year of research, dialogue and patience, that Safe will not reach its potential under its current governance,” Samadi said.　　The governance dispute comes as Safe is targeting break-even and a doubling of revenue in 2026. In a February announcement, the project reported more than $10 million in project-wide annualized revenue at the end of 2025, and outlined a longer-term ambition to reach $100 million in annual recurring revenue by 2030.　　Greenfield questions Safes revenue growth　　However, Greenfield pointed to $1.98 million in second-quarter revenue, equivalent to an annualized run rate of $8 million, as far below the $20 million expectation for 2026.　　The

3 days agoIndustry

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