Latest Crypto News & Market Updates

Europol warns crypto wallets face quantum threats

Europol has warned that future quantum computers could threaten cryptocurrency wallets and long-lived encrypted data, urging the crypto industry to begin security preparations before practical attacks become possible.　　SummaryEuropol says quantum computers could expose cryptocurrency wallets by deriving private keys from public keys.Europol recommends phased migration to post-quantum cryptography, stronger wallet security, and improved key management practices.NIST has finalized three post-quantum standards and urges organizations to begin migration as soon possible.Bitcoin developers are debating post-quantum migration proposals while custodians test quantum-resistant wallet controls and signatures.Europol says there is no clear evidence harvest-now-decrypt-later attacks are being systematically used at scale.　　Europol published two reports on Oct. 7 examining how advances in quantum computing could affect digital assets and sensitive information. The agency said the timing of a capable quantum computer remains uncertain, but upgrading cryptographic systems across decentralized networks could take years.　　The first report focuses on cryptocurrency wallets, while the second examines attackers storing encrypted information today for possible decryption years later. Europol did not say current quantum machines can break cryptocurrency security.　　You might also like:　　Coinbase, Microsoft and Europol dismantle Tycoon 2FA phishing network　　Quantum threats focus on crypto wallet keys　　Europols cryptocurrency report identifies wallet authorization keys as the main potential point of exposure.

Yesterday 21:42Industry

Polymarket‘s upgrade won’t automatically move existing bets to new contracts

Polymarkets Protocol V2 rollout does not automatically move existing bets held under its older Conditional Tokens Framework, or CTF, onto new contracts. Its migration guidance tells trading integrations to retain support for those holdings while adding a separate system for V2 positions and new trading permissions.　　In his Oct. 5 announcement, Rajath Alex said Polymarket would run a few live test markets, known as canary markets, from Oct. 5 through Oct. 30. He described Nov. 2 as a tentative switch for newly created markets, rather than a deadline for converting every existing bet.　　For people using Polymarket‘s app or website, no technical migration is required. Users should complete any approval prompts shown in the app. The guides address Polygon-based onchain trading; Polymarket’s main documentation directs users of Polymarket US to separate documentation.　　Related Company Polymarket Decentralized prediction market platform　　A separate mechanism does allow holders to move CTF positions into V2. Polymarkets contract registry says the relevant condition or event must be registered by Polymarket first. Its indexing reference describes events connecting the old CTF balance to the new PositionManager balance. That is a distinct operation from updating trading software.　　Integrations must support both systems　　For developers, the change starts with where shares are recorded. Legacy

Yesterday 21:30Industry

Circle brings USDC and EURC payments to SAP

Circle has partnered with SAP-backed Tereina to bring USDC and EURC payments into SAP business software, starting with SAP Pay and SAP Cloud ERP.　　Circle announced the agreement on Oct. 7, saying eligible companies will be able to send and receive stablecoin payments through applications they already use. USDC will serve as the preferred stablecoin for eligible dollar-denominated payments, while EURC will support euro-denominated activity.　　The companies said Arc, Circles Layer 1 blockchain, will be the preferred blockchain for the initial payment workflows. Tereina and Circle plan to begin customer proof-of-value programs over the coming months before expanding implementations.　　Circle brings stablecoins directly into SAP Pay　　The partnership connects Circles stablecoins with SAP Pay, which Tereina operates inside SAP Cloud ERP. Finance teams can therefore access supported stablecoin payment functions without moving transactions into a separate application.　　SAP describes SAP Pay as an embedded payment service capable of handling traditional rails alongside stablecoins such as USDC. The platform can execute payments and reconcile them against invoices or purchase orders inside existing SAP workflows.　　Current SAP Pay capabilities cover more than 40 currencies and 89 payment corridors. The product supports ACH, wire transfers, checks, electronic funds transfers and stablecoin payments through one connection, according to SAP.　　SAP says

Yesterday 21:21Industry

Bitcoin Price Slides to $83K as Short-Term Bears Take Control

Bitcoin‘s price range is trading near the floor of its 24-hour range after an overnight selloff dragged the BTC/USD pair to $83,404. The 1-hour picture is firmly bearish, with price below every listed moving average and the relative strength index (RSI) at 27, but the daily structure hasn’t completely cracked. Bulls now need to defend $83,404 and reclaim $84,350, while a deeper break puts the $81,950 daily pivot into focus.　　Key TakeawaysBitcoins price hit $83,404 after one high-volume hour ripped through short-term support.The 1-hour BTC chart is strong sell, but daily RSI remains neutral at 54.Bitcoin bulls need $84,350 back; losing $83,404 puts $81,950 in the crosshairs.　　Bitcoins price on the short-term chart took a hard hit on Wednesday as a high-volume overnight break erased the $85,500 area and pushed BTC to within striking distance of its 24-hour low.　　At roughly $83,600, the market is caught in an interesting spot: the 1-hour setup is flashing strong sell conditions, and sellers remain firmly in the drivers seat, yet the daily chart is still sitting above several important longer-term moving averages, leaving $83,404 as the immediate battleground between a relief bounce and another leg lower.　　Hourly Chart Takes the Hardest Hit　　The 1-hour chart carries the ugliest

Yesterday 20:45Industry

Engineer Gets 32 Months for Bitcoin Extortion Plot Against His Own Employer

In briefFormer core infrastructure engineer Daniel Rhyne was sentenced to 32 months in prison for attacking his New Jersey employers network and demanding a Bitcoin ransom.His November 2023 email demanded 20 BTC, then worth about $750,000, and threatened to shut down 40 company servers a day for 10 days.An FBI complaint traced the attack to a hidden virtual machine accessed from Rhynes company laptop, with passwords reset to “TheFr0zenCrew!”　　A former engineer at a New Jersey industrial company has been sentenced to 32 months in prison for attacking his employers computer network and demanding a ransom in Bitcoin, federal prosecutors said Monday.　　Daniel Rhyne, 59, of Kansas City, Missouri, was sentenced on September 28 by U.S. District Judge Michael A. Shipp in Trenton. He pleaded guilty in April to extortion in relation to a threat to damage a protected computer, and to intentional damage to a protected computer.　　Former Employee of Industrial Company Sentenced to 32 Months in Prison for Computer Attack and Extortion https://t.co/m4J4b8MxeQ　　— NJ US Attorney (@USAO_NJ) October 5, 2026　　Rhyne was the companys core infrastructure engineer and its subject matter expert on hosting virtual machines, according to the FBIs criminal complaint. Prosecutors have not named the company, which is headquartered in

Yesterday 20:39Industry

Tether, Kazakhstan plan tenge stablecoin pilot

Tether has signed an agreement with Kazakhstans central bank and Alatau City Authority to explore a tenge-backed stablecoin, asset tokenization and decentralized finance.　　SummaryTether has signed an MoU with Kazakhstan authorities to study a tenge-pegged stablecoin pilot proposal.Kazakhstans National Bank already regulates stablecoins and tokenized real assets under rules effective May 2026.Alatau City could host a tokenization pilot using Hadron, Tethers asset issuance and management platform.The agreement includes workshops on reserve management, distributed ledgers, stablecoins, and real-world asset tokenization models.Kazakhstan launched its first tenge-backed stablecoin pilot in September 2025 with Intebix, Solana, Mastercard partners.　　Tether announced the memorandum of understanding on Oct. 7 with the National Bank of Kazakhstan and Alatau City Authority. The parties will prepare a concept and pilot proposal for a stablecoin pegged to Kazakhstans national currency.　　The MoU does not mean a new stablecoin has been approved or launched. No issuance date, blockchain, reserve structure or commercial issuer has been announced for the proposed token.　　You might also like:　　Tethers USDT eyes Bitcoin return as Utexo plans October launch　　Tether and Kazakhstan will study a tenge stablecoin　　Under the agreement, Tether and the National Bank will examine stablecoin issuance models used in other markets and identify possible use cases in Kazakhstan. The work

Yesterday 20:38Industry

Bitcoin drops to $84k sees $143 million in liquidations as ETF inflows turn positive

Bitcoins October 7 morning market readings showed roughly $143 million in Bitcoin futures positions liquidated over the preceding 24 hours and a price range that dipped below $84,000. The positive US ETF session could not predict whether leveraged positions would survive their margin tests.　　Related Asset Bitcoin #1 BTC · $82,994.46 24-hour change: down 3.79% Loading price history… 24H Down 3.79% 7D Down 0.83% 30D Up 4.97%　　CoinGlass reported a BTC futures liquidation total of $143,016,790 at 06:53 UTC.　　The 24-hour price range included a low of $83,647. CryptoSlates Bitcoin price page showed the price at around $84,288 during EU trading hours, down 1.25% over 24 hours.　　Related Company CoinGlass Cryptocurrency derivative data analysis platform　　US spot Bitcoin ETFs recorded $118.8 million in net inflows for October 6, according to Farside Investors after a net outflow for October 5.　　Why positive fund flows are no price floor　　Liquidation responds to the trader‘s margin position as prices change. Bybit’s liquidation rules use mark price, the exchanges reference price for margin calculations, rather than the last trade. The trigger varies by margin mode.　　Related Company Farside Investors Investment management company　　Nor does a daily ETF inflow represent a standing bid at a guaranteed Bitcoin price. BlackRock‘s iShares Bitcoin Trust ETF, or

Yesterday 20:20Industry

Crypto Was the Experiment. Now Wall Street Is Taking the Best Parts

The first decade of crypto can be seen as a sequence of bubbles, hacks, memes, and projects that disappeared almost as quickly as they appeared. I see a decade of financial experimentation.　　An open, global laboratory operating 24/7, with an unusual combination of innovation, speculation, fraud, successes, and failures.　　Not everything created in that environment will survive. In fact, most of it will not. But what survives will change the way the financial industry operates. 　　What Has Survived So Far　　Some of the mechanisms first tested in crypto are already being adapted and incorporated by traditional finance: faster settlement, programmable assets, continuous markets, new forms of collateral, automated market makers, contracts without expiration, and the ability to combine different financial services within the same infrastructure.　　The fight is not between crypto and traditional finance. It is over the financial infrastructure that will emerge from their convergence.　　The task is to absorb, adapt, and evolve the innovations that work — without importing the risks and deficiencies of the original laboratory.　　Crypto Experiments that SurvivedCrypto Tested What TradFi Couldnt At the Same Speed　　In the more open and less regulated parts of crypto, the industry operated as an open-air laboratory. For better and for worse.　　Protocols could be launched quickly.

Yesterday 20:19Industry

S&P brings ratings-style scrutiny to $10 billion crypto vault market as $6 million Base incident exposes risks

Ss new framework. Vaults pool investor assets and allocate them according to predefined strategies, with those decisions either automated through smart contracts or overseen by human managers known as curators. Investors receive tokens representing claims on the pooled assets and returns.　　Vault growth brings new layers of risk　　Ss framework evaluates six areas: portfolio credit quality, liquidity mismatch, curator risk, blockchain risk, protocol risk, and vault security and governance.　　The assessment is designed to move beyond the point-in-time transparency provided by blockchain transactions and examine how a vault could behave as conditions change.　　That becomes more important as vaults increasingly resemble onchain versions of managed investment products. Ss allocation decisions, weak withdrawal liquidity, changes to smart-contract permissions or vulnerabilities in the vault itself.　　Ss grades use a “(v)” suffix, with AAA(v) representing the lowest relative risk category. They are not credit ratings, do not assess expected yields and do not guarantee that investors will recover their capital. The agency describes them instead as forward-looking opinions about the relative risk of impairment.　　Assessments can also change as eligible assets, their risk profiles, smart-contract features or liquidity conditions evolve. That gives S&P scope to reassess vaults whose structures become riskier even when their historical on-chain record remains clean.　　The

Yesterday 19:40Industry

Ripple News: Evernorth Merger Dates Revised

In the latest Ripple news, Evernorth has moved the expected closing of its merger with Armada Acquisition Corp. II to October 9. Its Nasdaq debut under the XRPN ticker is now expected on October 12. Both dates are estimates and depend on customary closing conditions and Nasdaq listing standards. The earlier timetable called for closing on October 7 and trading on October 8.　　The schedule update leaves the transaction‘s stated structure intact: Evernorth plans to become a publicly traded digital-asset treasury vehicle through the combination. The company’s planned listing would give public-market investors a route to XRP institutional exposure, although that access depends first on the transaction closing and the exchanges requirements being met.　　JUST IN: Evernorth Holdings Inc. files Form 8-K (Reg FD) with the SEC.　　▪️ Business combination with Armada Acquisition Corp. II is expected to close on or about Oct 9, 2026　　▪️ Class A common stock expected to begin trading on Nasdaq under “XRPN” on or about Oct 12　　▪️ Armada II… https://t.co/M6zrprEwSa pic.twitter.com/VwX0nHtTMs　　— ????????????????XRP (@BankXRP) October 7, 2026　　Market Intelligence: Crypto Analyst Predicts Best New Crypto to Hodl　　Evernorth Merger News: Revised Dates Replace the October 7–8 Schedule　　The earlier timetable called for the merger to close on October 7, with XRPN trading

Yesterday 19:15Industry

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