Latest Crypto News & Market Updates

Trump administration outlines quantum, AI initiatives in $6B science push

The Trump administration has announced over $6 billion in science initiatives, including a $215 million quantum computing competition and $2.4 billion in industry commitments for artificial intelligence tools and computing resources.　　On Thursday, the Department of Energy identified eight scientific applications to guide its Quantum Genesis Q Competition, which offers up to $215 million in planned funding to companies developing fault-tolerant quantum computers.　　First announced in September, the funding includes milestone-based awards and incentive prizes for companies that demonstrate increasingly powerful quantum systems. The research priorities span chemistry, materials science, subatomic physics and applied mathematics.　　Advances in fault-tolerant quantum computing could have implications for blockchain-based assets that rely on public-key cryptography. On Sept. 23, three EU financial watchdogs warned that the development of more powerful quantum computers could undermine cryptographic systems used to secure blockchains and financial transactions.　　For these crypto assets, sufficiently powerful quantum computers could potentially derive private keys from exposed public keys, allowing attackers to steal funds. However, no quantum computer capable of carrying out such attacks currently exists.　　The White House also announced that 11 technology companies pledged $2.4 billion in AI tools and compute credits to support research at 15 federal agencies. Commitments include $1 billion from Nvidia, $500 million

2 days agoIndustry

Thailand to allow Bitcoin and Ethereum ETFs from October 16

Thailand has finalized 11 regulations allowing Bitcoin and Ether exchange-traded funds (ETFs) to list on its main stock exchange, with the new rules taking effect on October 16, 2026.　　Thailands Securities and Exchange Commission (SEC) announced the framework on October 8, confirming that locally established crypto ETFs will trade exclusively on the Stock Exchange of Thailand (SET). Bitcoin and Ether will be the only eligible cryptocurrencies during the initial stage, while fund managers must meet new investment, custody and investor protection requirements.　　The rules will allow Thai investors to gain exposure to the two cryptocurrencies through regulated securities products without directly purchasing or storing digital assets. However, the October 16 effective date does not mean that individual ETFs will begin trading that day, as fund managers must first satisfy the applicable requirements.　　Thailand crypto ETFs must hold at least 80% in one asset　　Under the approved framework, each crypto ETF must operate as a passive investment fund designed to track the price of its underlying cryptocurrency. The SEC requires funds to maintain an average net exposure of at least 80% of their net asset value to a single eligible cryptocurrency over each accounting year.　　During the first phase, the regulator will permit investment only in

2 days agoIndustry

Cardano Founder Slams Vitalik Buterin Over Crypto Security

Cardanos founder Charles Hoskinson has lashed out at Ethereums co-founder Vitalik Buterin over the latters recent claims about the possible destabilization of current cryptography by artificial intelligence.　　In his long post on X, the Cardano founder labeled Vitaliks statements as a series of baseless fears about lattice cryptography, which is one of the main components of the current post-quantum security paradigm.　　This particular post was a response to Buterins statement about the possibility of significant destabilization of lattice cryptography within the next two years due to the quickening pace of AI-based mathematical discovery.　　He believed that artificial intelligence might help in discovering new mathematical shortcuts that could nullify all security assumptions.　　Yet, in his response, Cardanos creator denounced Buterins statements as highly speculative. He also criticized Ethereums co-founder for the lack of mathematical substantiation of his views.　　The Cardano co-founder noted that lattice cryptography has been subject to deep research and rigorous testing for decades. Moreover, in all those years, researchers have been constantly refining their security assumptions by incorporating new information about attack methods.　　Hoskinson also warned that the stance Buterin is trying to take might cause grave harm to the whole cybersecurity industry.　　Disincentivizing people from using lattice cryptography could be a negative factor in

2 days agoIndustry

BitGo sued for $141M by DWF Labs-linked firms over early token sales

BitGo has been sued for $141 million by two companies linked to DWF Labs over allegations that the crypto custodian sold restricted tokens before their agreed release dates, causing losses to the sellers.　　SummaryTwo DWF Labs-linked companies have sued BitGo in London, seeking $141 million over alleged violations.Plaintiffs allege BitGo sold Falcon Finance and ESPORTS tokens before their contractual trading restrictions expired.The disputed agreements reportedly required three months of initial restrictions, followed by further token vesting.BitGo declined to comment on allegations that early token sales damaged prices and remaining holdings.　　The Financial Times reported on October 9 that DWF Maas and Falcon Digital filed the lawsuit in Londons High Court, accusing BitGo of breaching private token sale agreements involving Falcon Finance (FF) and ESPORTS tokens. The companies claim the disputed sales pushed token prices lower and reduced the value of their remaining holdings.　　The legal action was reported by Law360 on October 2, before the Financial Times published further details. BitGo declined to comment on the allegations, which have not been established as facts by the court.　　You might also like:　　BitGo shifts focus from crypto custody to trading, lending　　DWF Labs-linked firms accuse BitGo of breaking token sale agreements　　At the center of the dispute are

2 days agoIndustry

Core Lightning patches critical security flaws and a Bitcoin payment bug

Core Lightning, software for running Bitcoin Lightning payment nodes, has released v26.06.9 with security fixes and a repair for a regression that could delay channel traffic on busy nodes running v26.06.8.　　Related Asset Bitcoin #1 BTC · $82,326.01 24-hour change: down 0.52% Loading price history… 24H Down 0.52% 7D Down 4.76% 30D Up 3.81%　　GitHub lists the new release as published Oct. 7, while its versioned changelog carries an Oct. 6 date.　　The update gives operators who installed v26.06.8 a fresh decision on upgrading, following the Sept. 27 revoked-channel penalty flaw that was fixed in v26.06.7. The latest patch adds fixes and addresses a regression introduced by that later version.　　Bitcoin payment delays and shutdown risk　　In v26.06.8, routine gossip, pings, and onion messages counted toward a CPU budget intended for gossip queries. On busy nodes, that accounting could throttle peers and delay channel traffic, according to the maintainers.　　V26.06.9 reserves that budget for gossip queries, so ordinary messages no longer consume it, removing the documented cause of this throttling. The regression described by maintainers concerns busy nodes running Core Lightning v26.06.8.　　The changelog also describes a fix for a payment contract (HTLC) that reaches its deadline while a channel is shutting down. V26.06.9 now force-closes the

2 days agoIndustry

US government moves $770M of seized Bitcoin to Coinbase Prime

The US government moved 9,261 Bitcoin worth $770 million to Coinbase Prime, stemming from asset seizures tied to previous cryptocurrency exploits.　　Of the 9,261 Bitcoin (BTC) transferred over the past two days, half was recovered from the Bitfinex hackers, while another portion stemmed from known Binance seizures, wrote Galaxy Research in a Thursday X post.　　An additional 2,456 BTC originated from previously unknown holdings and was sent to the US governments seizure address on Coinbase Prime and may represent new law enforcement seizures, according to Galaxy.　　The onchain flows show that the US government continues recovering crypto assets from prior exploits. Coinbase Prime has been used by the US Marshals Service as the custody provider to handle seized assets since 2024.　　Previous movements from the government-labeled wallet have sparked speculation about potential liquidations, but a sale would conflict with US President Donald Trump‘s March 2025 executive order, which specified that seized Bitcoin should not be sold and should become part of the country’s Strategic Bitcoin Reserve.　　Cointelegraph has contacted the US Marshals and the Department of Justice for comment on the transfers.　　In July, the US government moved $297 million in Bitcoin and Ether (ETH) to Coinbase Prime, with funds originating from high-profile US government crypto

2 days agoIndustry

Bitcoin miners escape months of distress as daily revenue surges by 78%

Bitcoin miners are emerging from months of financial pressure as rising BTC prices lift daily industry revenue by 78%.　　Related Asset Bitcoin #1 BTC · $82,439.96 24-hour change: down 0.22% Loading price history… 24H Down 0.22% 7D Down 3.63% 30D Up 4.64%　　According to CryptoQuants weekly report shared with CryptoSlate, total daily mining revenue climbed from approximately $27 million at Julys lows to as much as $48 million, following Bitcoins roughly 45% recovery from $58,000 to above $83,000.　　The turnaround is also visible in hashprice, a closely watched measure of mining economics that tracks the expected daily revenue generated by a unit of computing power.　　Data from Hashrate Index shows the metric recently climbed above $40 per petahash per second per day, its highest level since January. It has slightly declined to around $39 as of press time.　　Related Company CryptoQuant Provider of on-chain and market data analytics　　Bitcoin hashprice recovered to about $40 per PH/s after spending much of 2026 below its October 2025 levels. Source: Hashrate Index　　That marks a significant recovery from the industrys financial difficulties earlier this year. CoinShares previously reported that hashprice fell to approximately $27.70 in June, reflecting a combination of lower Bitcoin prices, persistently weak transaction fees, and mining difficulty

2 days agoIndustry

Bitcoin rebounds to $82,000 as Trump rules out Iran strikes, oil drops

Bitcoin rebounded to $82,000 on Friday as the broader crypto market recovered from late-Thursday lows, with President Donald Trumps comments easing fears of an imminent U.S. strike on Iran.　　Trump said the U.S. would not attack Iran before the Nov. 3 midterm elections.　　“We will not be attacking Iran at any time prior to the Midterm Elections to be held in the United States on November 3rd,” Trump said in a Truth Social post, published at 12:17 p.m. ET.　　He described discussions with Iran as “productive,” but said the U.S. blockade would remain “in full force and effect.”　　Bitcoin selling appeared to run out of steam near $80,300 following the post, and prices have since steadily recovered to $82,000. Other major tokens followed a similar trajectory, with ether, XRP, solana and several other cryptocurrencies trimming Thursdays losses.　　Oil, geopolitics drove the selloff　　The selling began roughly 24 hours earlier amid fears of renewed military escalation between the U.S. and Iran, which pushed oil prices higher.　　Axios reported on Oct. 7 that the Pentagon had instructed U.S. Central Command to prepare for resuming major combat operations in Iran. The report lifted crude prices: futures tied to WTI crude rose from $89 to $93.20 before falling sharply after Trumps

2 days agoExchange

WikiBit Exchange Exit Risk Rankings #39: Tokocrypto — Binance’s “Golden Child” and Indonesia’s Compliance Benchmark, So Why Can Withdrawals Take Three Days?

Introduction: An Exchange Born with a Silver Spoon　　In our first 38 installments, we investigated a range of exchanges, from HashKey to Websea. For Episode 39, we turn our attention to a platform that appears to have one of the most legitimate pedigrees in the industry: Tokocrypto.　　Its credentials look impressive on paper: founded in 2018; Indonesia‘s first crypto exchange registered with Bappebti; awarded a full PFAK license in 2024; placed under the direct supervision of Indonesia’s Financial Services Authority (OJK) starting in January 2025; fully acquired by Binance in 2022; more than 5 million users; dual ISO 27017 and ISO 27001 certifications; Proof of Reserves using Merkle trees and zk-SNARKs; and user assets totaling $345 million.　　Sounds like a gold-standard example of regulatory compliance in Southeast Asia, right？　　But there is another side to the story. Tokocrypto has a Trustpilot rating of just 1.9 out of 5, with users repeatedly complaining about slow withdrawals and unresponsive customer support. Gridinsoft gives the website a trust score of only 35 out of 100 and flags it as a “suspicious website.” Multiple Chinese-language anti-fraud articles have accused Tokocrypto of being involved in a futures-trading Ponzi scheme scam. Academic research also indicates that 46.2% of sentiment toward

2 days agoDeep Dive

Nvidia Stock Faces Critical Warning Sign. Is the AI Trade Breaking？

Nvidia stock fell 2.94% Thursday after OpenAI told investors its annualized revenue is roughly $50 billion, about $18 billion below the $68 billion widely reported last month.　　Alex Kantrowitz, founder of Big Technology, called the gap largely an accounting issue on CNBCs Closing Bell. Nvidia still closed at $230.48, about 5% below its Tuesday record high of $243.37.　　Sponsored　　Sponsored　　Why Is Nvidia Stock Taking the Hit for OpenAIs Number？　　Nvidia and Advanced Micro Devices (AMD) have each signed multibillion-dollar partnerships with OpenAI. Therefore, both chipmakers carry direct exposure to its growth.　　AMD slid 3.9% the same day. Oracle fell more than 5% in an OpenAI-linked stock crash.　　The interlinking between AI companies is showing as a number of stocks feel the impact of this issue. Source: Trading View　　Kantrowitz noted that both stocks have mostly performed well this year. Yahoo Finance data shows Nvidia up about 24%, with a market value near $5.6 trillion.　　Still, the fundamentals remain strong. Nvidia posted $96.22 billion in revenue last quarter, beating the $92.16 billion estimate, Google Finance data shows.　　Sponsored　　Sponsored　　However, Kantrowitz sees skittishness around the AI trade. He said some companies have shifted part of their spending to standard models rather than frontier ones.　　Can Nvidia Hold If OpenAI or Anthropic Stumbles？　　Kantrowitz said

2 days agoIndustry

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