Crypto Industry News & Market Trends

Crypto VC funding: Spiko and Nous Research raise $90m each

Crypto and Web3 funding announcements totaled $380.51 million across 16 disclosed transactions from Oct. 3–9, led by matching $90 million rounds for Spiko and Nous Research.　　Mecka followed with a $60 million Series B, while Bitcoin life insurer Meanwhile secured $37.5 million. The broader funding tally includes AI companies tracked by crypto funding databases and token transactions alongside venture rounds.　　Crypto Fundraising, DropsTab and DefiLlama provided the funding inventory, checked against company announcements, investor statements and reporting. The aggregate counts Noahs newly announced $16 million extension rather than its cumulative $38 million seed round, and includes token sales and purchases.　　Spiko raises $90 million to expand tokenized cash funds　　Spiko raised $90 million in a Series B announced Oct. 6, led by U.S. venture firm New Enterprise Associates.　　Investors included Index Ventures, Bpifrance, Speedinvest, Flourish Ventures, White Star Capital, Mirana Ventures and Wintermute Ventures. The company said the financing brought its total funding to $120 million.　　Spiko reported $2.7 billion held in its funds by more than 10,000 businesses and individuals across over 25 countries. Its products allow customers to invest cash through its app or through financial platforms that integrate its services.　　The London- and Paris-based company said it would use the proceeds to launch products,

2 days agoIndustry

Inflation target of 2% may not stop the next Fed rate freeze

The Fed can stop raising rates before inflation reaches 2% if officials believe the economys already heading there without another increase.　　Septembers meeting left most unconvinced, with strong spending and persistent price increases outweighing the strain expensive borrowing was putting on parts of the economy.　　The minutes released Oct. 7 explain the thinking behind that months unanimous decision to raise its main interest rate to 3.75%-4%.　　Most participants expected another hike by year-end, but their reasons differed: many saw higher rates as insurance against inflation sticking around, while others thought the economy would need higher rates anyway.　　Those views can overlap, but they leave different amounts of room for persuasion. Evidence that temporary price increases are fading could reassure someone seeking insurance, while an official who thinks spending is too strong would also want to see people and businesses spending less freely.　　That discussion helps explain what could stop another hike, although officials didnt agree on a set of conditions that would rule it out.　　Cheaper gasoline wont do all the work　　Higher rates make borrowing more expensive and saving more attractive, discouraging some spending and making it harder for businesses to charge more. The effects take time, and they dont reach everyone equally: homebuyers may pull

2 days agoIndustry

+1.34 Billion Shiba Inu (SHIB) in 24 Hours: What's Behind the Fresh Volume？

Shiba Inu has traded 1.34 billion SHIB in new volume over the past 24 hours. Following the market-wide flush, volume jumped after more than $1 billion in leveraged positions were wiped out. Most of this trading activity looks like a reaction to the crash: first forced sellers, then dip buyers. The chart supports this observation.　　The descend is fueled　　SHIB went from $0.00000580 to $0.00000534 in two days, with the heaviest trading volume of the week appearing in a red candle. The price reached a low of $0.00000510 on Thursday and then began to recover. The long lower wick shows that buyers stepped in near the bottom. SHIB is currently trading at $0.00000534, right on the orange average of $0.00000529.　　SHIB/USDT Chart by TradingView　　Support is key in this instance. The most recent daily candle is green, showing that it held. Volume on the bounce has been small so far, which indicates that the recovery is not yet confirmed. A cluster of moving averages near $0.00000545 to $0.00000549, positioned above the price, acts as the first wall. The longer black line close to $0.00000565 represents a significant test. SHIB failed to hold it this week and must regain it to turn the trend positive

2 days agoIndustry

Solana doubles block production speed to 200ms as network prepares for Alpenglow upgrade

Solana has doubled its targeted block-production frequency after activating 200-millisecond slots on mainnet, completing a months-long effort to accelerate the blockchain.　　Related Asset Solana #7 SOL · $109.17 24-hour change: up 0.06% 24H Up 0.06% 7D Down 8.39% 30D Up 7.78%　　The Oct. 9 upgrade reduces Solanas original 400-millisecond slot target by half, allowing the network to create five block-production opportunities per second instead of 2.5. It also shortens the time required to complete a network epoch to approximately 24 hours from 48 hours.　　Anza, the developer behind Solanas Agave validator client, confirmed the activation, declaring that the SIMD-0525 upgrade had been completed.　　“Blocks land twice as often as they did at genesis. An epoch now takes about a day instead of two,” Anza stated.　　Jacob Creech, the Solana Foundations vice president of technology, also celebrated the milestone, saying the network continues to improve with successive software releases.　　“Solana continues to improve release after release, proving to be the best place to build,” Creech said, before identifying Alpenglow as the networks next major upgrade.　　Early performance data indicated that the change was already producing faster slots, although the network had yet to consistently reach its new target.　　CryptoSlates sampling of Solanas public mainnet RPC showed an average of

2 days agoIndustry

Tether freezes $1.4M in TRON vaults and THORChain stalls

THORChains TRON operations were interrupted on Oct. 9 after a USDT vault blocklist, according to reports by its co-founder Chad Barraford and researcher Khal. The researcher put the affected balance at about 1.45 million USDT.　　Related Asset Tether USDT · Stablecoin　　Both accounts later reversed the restrictions, according to updates from both accounts. At 3:35 p.m. UTC, Barraford said the addresses appeared unfrozen, and trading would resume soon. At 3:58 p.m. UTC, Khal reported that TRON USDT swaps had resumed. The earlier payout queue describes the interruption before the reported resumption of swaps.　　In his initial analysis, Khal reported that block 86958330 blocklisted four of THORChains six TRON vaults. Those vaults held 93% of the protocols TRON USDT, concentrating the disruption in the balances needed to process payments on that route.　　Related Asset TRON TRX · $0.33 24-hour change: down 0.29%　　He reported that TRON trading, transaction signing, and liquidity-provider actions halted about 27 minutes later, with roughly $363,000 in payouts queued during the freeze.　　Barraford said the protocol received no communication before the action and didnt know why it happened. Khal argued that the vaults may have been caught in a broader blocklist that included roughly 30 other wallets.　　THORChains TRON-USDT vaults were reportedly frozen at

2 days agoIndustry

ETH fee burns cover just 2% of new coins printed in 2026

Ethereums transaction fees have burned enough ETH to offset just 2.07% of the new coins issued in 2026, according to an Oct. 9 supply ledger.　　Related Asset Ethereum #2 ETH · $2,480.56 24-hour change: up 0.13% Loading price history… 24H Up 0.13% 7D Down 6.81% 30D Up 1.45%　　After fee burn, validator penalties, and other destruction, the network has added approximately 778,413 ETH, increasing supply by about 0.64% from the windows opening level.　　A larger gas limit can spread the necessary fee spending across more activity, lowering the required fee per gas and creating a hurdle for holders that expect scalability to make ETH scarcer. Developers pursue a conditional 200 million maximum gas goal after the Glamsterdam upgrade.　　Using one current finalized accounting sample, an illustration puts the execution base fee needed to offset gross issuance at about 13.85 gwei with todays 60 million gas limit, or 4.16 gwei with a hypothetical 200 million limit.　　Both require roughly 2,992 ETH of daily burn under the models assumptions.　　What the 2026 ledger shows　　The ethsupply.fyi retained ledger covers Jan. 1 at 00:00:11 UTC through Oct. 9 at 15:44:23 UTC. It reports 796,623.377 ETH of gross issuance against 16,524.553 ETH destroyed through execution and blob transaction fees.　　A further 1,685.919

2 days agoIndustry

Alex Mashinsky gets lifetime crypto ban in New York settlement

Former Celsius CEO Alex Mashinsky has agreed to a lifetime ban from the cryptocurrency, securities, and commodities industries under a New York settlement carrying up to $35 million in conditional payments.　　New York Attorney General Letitia James announced the agreement on Oct. 9, resolving her office‘s 2023 civil lawsuit over Mashinsky’s promotion of Celsius as a safe place to deposit cryptocurrency. The office said the case involved hundreds of thousands of investors, including more than 26,000 New Yorkers.　　Alex Mashinskys payment conditions depend on forfeiture and prison time　　Under the agreement described by the attorney generals office, Mashinsky owes New York $25 million if he fails to surrender an additional $10 million in ill-gotten gains to the federal government. The required forfeiture is separate from assets he has already surrendered in his criminal case.　　A second condition requires a $10 million payment to New York if Mashinsky does not serve his full prison sentence, according to the announcement. The office said the criminal court mandates that sentence, with the Bureau of Prisons overseeing its execution.　　In the parallel federal prosecution, Mashinsky received a 12-year prison term and an order to forfeit more than $48 million, the attorney generals office said. His December 2024 guilty plea

2 days agoIndustry

Ledger hack scare nears $90 million as Tether moves to freeze stolen USDT

Suspected Ledger wallet thefts are approaching $90 million as Tether freezes USDT stablecoin linked to the incident, according to blockchain investigators.　　Related Company Ledger Crypto hardware wallets　　In an Oct. 9 statement, the crypto hardware wallet maker said it was investigating reports that customers lost funds after buying devices from CryptoBilis, an authorized reseller operating in Southeast Asia.　　As a precaution, the company asked the distributor to immediately pause sales and shipments of its hardware wallets while the investigation continues.　　Related Asset Tether USDT · Stablecoin　　Ledger also advised customers who purchased devices from CryptoBilis in the past 90 days not to initialize them if they had not yet completed setup.　　Those who had already configured their wallets were urged to consider transferring their cryptocurrency to a new Ledger device initialized with a fresh recovery phrase.　　CryptoBilis is a recognized Ledger reseller　　CryptoBilis appears in Ledgers official reseller directory for Malaysia, Indonesia, and the Philippines. Customers buying through authorized distribution channels generally rely on those relationships to reduce the risk of receiving counterfeit or compromised hardware.　　The incident has drawn attention from Binance founder Changpeng Zhao, who warned users to exercise caution, particularly if they had recently purchased a Ledger device.　　Related Company Binance Global crypto exchange　　He wrote on X:　　“Based

2 days agoIndustry

US eyes $1 billion Iran-linked crypto seizure, Bessent says

U.S. Treasury Secretary Scott Bessent has said authorities have located about $1 billion in Iran-linked cryptocurrency that they could seize this week as Washington presses ahead with financial restrictions against Tehran.　　Scott Bessent said at Newsmaxs NPolicy Summit in Washington on Oct. 8 that officials knew where the cryptocurrency was held and were working to isolate the assets.　　“Were probably gonna seize a billion dollars of crypto this week,” he said.　　During the interview with Greta Van Susteren, the Treasury secretary described Washingtons approach as an “absolute isolation campaign,” encompassing financial restrictions, maritime controls and limits on international travel.　　According to The Blocks report, Bessent did not establish whether the targeted $1 billion would be additional to amounts previously announced by U.S. authorities. His latest remarks described a possible seizure rather than a completed transfer of the assets into government custody.　　Iran-linked crypto has faced earlier wallet freezes　　As crypto.news reported on Sep. 28, Tether put its Iran-linked USDT freezes for 2026 at approximately $550 million, citing cooperation with the Treasury Departments Office of Foreign Assets Control and U.S. law enforcement.　　In Tether‘s account, more than $344 million was frozen across two addresses in April after U.S. authorities supplied information about the wallets. The company said OFAC

2 days agoIndustry

Terrifying iPhone Exploit Threatens Crypto Holders

Crypto holders with older iPhone devices may be in danger of having their crypto stolen, as a dangerous hacking kit is still targeting popular crypto wallets.　　The dangerous DarkSword exploit is still being used to deploy the Coruna malware to steal crucial data from crypto wallets, as per cybersecurity experts from Censys.　　The experts found several servers hosting the directories for deploying these malicious tools, which indicates that the threat is still very much active (months after the exploits were discovered).　　The hacking kit itself exploits vulnerabilities in Apples WebKit and JavaScriptCore components, which allows hackers to target vulnerable iPhone devices to access sensitive data.　　After hacking into the device, the Coruna malware can then focus on crypto wallets to try and steal information that can give hackers access to your funds.　　The affected crypto wallet apps include Coinbase, MetaMask, Trust Wallet, Phantom, Exodus, Uniswap, Bitpie, imToken, and OKEx.　　The threat isnt limited to wallet apps. According to Censys, the malware can also scan through your photos and notes on infected devices to look for BIP39 recovery phrases.　　These phrases are highly valuable to cybercriminals, as they can be used to recover crypto wallets, giving the criminals potential access to your crypto holdings even if they dont

2 days agoIndustry

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