Uranium Finance 2026 Verdict: Spalletta Convicted Over $50M

A federal jury in Manhattan convicted cybersecurity consultant Jonathan Spalletta, also known as “Cthulhon” and “Jspalletta,” of computer fraud and money laundering related to two attacks against the decentralized exchange Uranium Finance in April 2021. The U.S. Attorneys Office for the Southern District of New York announced the decision on October 7, 2026, after a six-day trial before Judge Jed S. Rakoff.  The conviction is a new legal milestone for a years-old exploit, not a fresh October 2026 smart-contract theft. It also has a stronger evidentiary status than an indictment: jurors convicted Spalletta on every count charged.Two distinct exploits, not one rounded headline  April 8, 2021: prosecutors proved Spalletta repeatedly manipulated Uraniums reward-claim behavior, obtaining about $1.4 million of reward tokens from a liquidity pool. April 28: he exploited a separate liquidity-pool withdrawal-accounting flaw across multiple pools, obtaining about $53.3 million and leaving the platform unable to continue operating. Some publications round the aggregate to about $55 million; the court announcement provides the two-stage amounts and should control the timeline.How the first attack became a sham bounty  The DOJ recounts a written admission by Spalletta about exploiting a smart-contract bug and taking roughly $1.5 million. After the first attack, he pressured Uranium into

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ESMA Stablecoin Opinion 2026: MiCA CASPs Face Three-Month Wind-Down

The European Securities and Markets Authority (ESMA) issued an opinion on October 8, 2026 telling national supervisors how MiCA-authorised crypto-asset service providers (CASPs) should handle stablecoins that do not satisfy the regulation. This is a current supervisory opinion, not the proposed future MiCA review amendments covered in WikiBits earlier report.  The central distinction is immediate restrictions on making non-compliant tokens available versus a supervised, time-limited wind-down of pre-existing customer exposures. ESMA says existing holdings should be remediated as soon as possible and no later than three months after publication, making January 8, 2027 the outside date implied by its October 8 publication. That is not permission for venues to keep growing such business until January.What ESMA issued—and who must act  ESMA document ESMA75-113276571-1742 concerns asset-referenced tokens (ARTs) and e-money tokens (EMTs) that are not MiCA-compliant. It instructs national competent authorities (NCAs) to ensure MiCA-authorised CASPs neither maintain, introduce nor facilitate EU clients access to such tokens through services. The regulated intermediary is the immediate supervisory target: exchange, broker, custody provider or portfolio manager, not every private individual holding tokens independently.The service perimeter is deliberately broad  The opinion names trading platforms, exchange of crypto-assets, execution and transmission of orders, placing, advice, transfers, custody and

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Abstracts shutdown exposes the gap between owning assets and being able to move them

Abstract, an Ethereum layer-2 network, says it will shut down on Dec. 15, 2026. In its Oct. 6 announcement, @AbstractChain told users to migrate their assets before that date or lose access to their funds.  The deadline tests a distinction that can disappear behind the phrase self-custody. A holder can retain ownership and the authority to approve transactions while losing the infrastructure needed to execute them. Cube, Inc., the company providing Abstracts services, makes that separation explicit in its updated terms: wind-down does not transfer assets to Cube or the other parties covered by its terms, but the end of normal processing ends transfer access through discontinued services.  A completed exit requires a supported asset route, access to the authorizing wallet, a controlled destination and every required processing or claim step.  Related Asset Ethereum ETH · $2,481.24 24-hour change: down 3.76%  A shutdown date is not every routes deadline  @AbstractChains announcement directs users to the Migration Hub at migrate.abs.xyz or the native bridge at native-bridge.abs.xyz. The public Migration Hub repeats the Dec. 15 notice and lists Native Bridge, Stargate, Relay, Jumper and project-specific instructions.  The general terms identify migration.abs.xyz as the official Hub and bridge.abs.xyz as the existing bridge interface. The Hub at that address also

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Bitcoin monthly ‘new money’ inflows near $5B as BTC price rally stalls

Bitcoin (BTC) price gains do not yet reflect enough new capital entering the market, analysis warns.  Key points:Rolling 30-day cumulative inflows of “new money” to Bitcoin reached $4.9 billion on Oct. 5, per Glassnode data.Existing investors still accounted for three-fifths of the $12.8 billion growth in realized cap in that period.Short-term holders accounted for more than 80% of profit-taking above $85,000.  Bitcoin capital inflows not responsible for realized cap growth  In the latest edition of its regular newsletter, The Week Onchain, crypto research platform Glassnode revealed that existing holders were behind much of Bitcoins recent upside.  “New money” inflows into Bitcoin — purchases by corporate treasuries, “stablecoin growth” and inflows to the US spot Bitcoin exchange-traded funds (ETFs) — totaled around $4.9 billion in the 30 days to Oct. 5.  Bitcoins realized cap, which values each coin at the price it last moved onchain, grew by $12.8 billion, more than twice as much over the same period.  “New money therefore covers less than two fifths of that rise. The rest is coins changing hands at higher prices among money already in the market,” Glassnode commented.  Bitcoin new money inflows vs. realized cap (screenshot). Source: GlassnodeBitcoin new money inflows vs. realized cap (screenshot). Source: Glassnode  Accompanying data shows that

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Cantor Fitzgerald faces Senate Democrats questions over Tether ties

US investment bank Cantor Fitzgerald is facing scrutiny from a Senate Democrat over its ties to Tether, with Senator Richard Blumenthal demanding records on the firm‘s partnership with the stablecoin issuer and how much Commerce Secretary Howard Lutnick’s family has made from the arrangement.  In a letter on Thursday, Blumenthal, the ranking Democrat on the Senate‘s Permanent Subcommittee on Investigations, asked Cantor chairman Brandon Lutnick to explain how it monitors Tether’s compliance with banking and sanctions laws, along with all communications involving Howard Lutnick about Tether, including after he left Cantor.  “Disturbingly, Cantor Fitzgerald‘s lucrative business arrangements with Tether come at the expense of America’s national security,” Blumenthal wrote.  The inquiry puts Cantor‘s lucrative partnership with Tether under scrutiny. Cantor Fitzgerald acquired rights to a 5% stake in Tether in 2024 and reportedly custodies tens of billions of Tether’s US Treasury bill reserves. Blumenthal alleges that Cantors stake in Tether increased in estimated value from $600 million to $10 billion since Trump returned to office, and that Howard Lutnick received more than $250 million in that period, including a $192 million distribution from Cantor Fitzgerald.  The letter follows a report by the Democratic investigators on the Senate Permanent Subcommittee on Investigations last month alleging

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Cantor Fitzgerald faces Senate Democrats probe over Tether ties

US investment bank Cantor Fitzgerald is facing scrutiny from a Senate Democrat over its ties to Tether, with Senator Richard Blumenthal demanding records on the firm‘s partnership with the stablecoin issuer and how much Commerce Secretary Howard Lutnick’s family has made from the arrangement.  In a letter on Thursday, Blumenthal, the ranking Democrat on the Senate‘s Permanent Subcommittee on Investigations, asked Cantor chairman Brandon Lutnick to explain how it monitors Tether’s compliance with banking and sanctions laws, along with all communications involving Howard Lutnick about Tether, including after he left Cantor.  “Disturbingly, Cantor Fitzgerald‘s lucrative business arrangements with Tether come at the expense of America’s national security,” Blumenthal wrote.  The inquiry puts Cantor‘s lucrative partnership with Tether under scrutiny. Cantor Fitzgerald acquired rights to a 5% stake in Tether in 2024 and reportedly custodies tens of billions of Tether’s US Treasury bill reserves. Blumenthal alleges that Cantors stake in Tether increased in estimated value from $600 million to $10 billion since Trump returned to office, and that Howard Lutnick received more than $250 million in that period, including a $192 million distribution from Cantor Fitzgerald.  The letter follows a report by the Democratic investigators on the Senate Permanent Subcommittee on Investigations last month alleging

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XRPL’s $1.34 billion stablecoin base doesn’t tell us how much XRP users need

Tracked stablecoins on the XRP Ledger totaled $1.338 billion on Oct. 7. For XRP holders, the critical question is how much activity uses the token as principal, and how long users or intermediaries need to hold it.  Related Asset XRP #5 XRP · $1.39 24-hour change: down 2.43% Loading price history… 24H Down 2.43% 7D Down 7.13% 30D Down 2.25%  Fees and account reserves require XRP, the ledgers native token. Stablecoins, tokenized funds and securities records can keep their principal in other assets. Bridge routes and XRP-funded liquidity pools create a separate reason to hold XRP: inventory available to fill trades or payments.  DefiLlamas XRPL dashboard showed Ripples dollar stablecoin RLUSD accounting for 93.17% of tracked stablecoins. The same snapshot reported $43.44 million in value locked in decentralized finance, $3.91 million in 24-hour decentralized-exchange volume and $528 in 24-hour chain fees.  Related Company Ripple Financial technology and enterprise blockchain company  Each reading measures a different part of the ecosystem. Stablecoin supply is a balance, trading volume is turnover, and fees are a cost. Adding them together would mix those units and could count the same assets more than once.  Related Asset Ripple USD RLUSD · Stablecoin  Ripples Oct. 1 transparency figures put total RLUSD circulation at $2,509.8

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3 Stocks Already Winning the OpenAI vs. Anthropic Race

OpenAI and Anthropic reported more than $80 billion in combined losses last year. Meanwhile, three companies supplying power and cooling to their AI data centers are seeing a business boom.  Unlike the AI giants, all three already trade on the New York Stock Exchange (NYSE).  Sponsored  Sponsored  Three NYSE Stocks Are Getting Paid by the AI Boom  GE Vernova (GEV)supplies the turbines and equipment that power AI data centers. Its data center orders exceeded $5 billion in the first half of 2026, more than double its entire 2025 total.  Quanta Services (PWR)builds the power lines connecting those facilities to the grid. Its total backlog reached a record $53.4 billion, including work beyond AI.  Vertiv (VRT)sells the systems that prevent servers from overheating. Its quarterly sales jumped 24%, prompting higher annual forecasts.  Several Wall Street analysts argue that these suppliers benefit regardless of which AI developer wins more customers.  Whoever Wins the OpenAI-Anthropic Race, These 3 Stocks Still Get PaidBut What Happens If the AI Bubble Bursts?  OpenAI recorded a $38.5 billion loss in 2025. Anthropic reported nearly $42 billion in losses, though $34 billion came from a non-cash accounting charge.  Sponsored  Sponsored  Anthropic has also committed $518 billion to future computing and infrastructure spending.  Michael Burry, famous for predicting the 2008 financial crisis, wants

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Is the Crypto Market Heading for Another October Bloodbath?

Crypto traders lost more than $1 billion to forced liquidations in 24 hours as Bitcoin dropped to $80,393 on Thursday. About $930 million came from bets that prices would rise, CoinGlass data shows.  The sell-off lands two days before the anniversary of October 10, 2025, when a crash wiped out about $19 billion in trades. Bitcoin peaked near $126,200 that week and has not returned since.  Sponsored  Sponsored  How Likely Is Another Market Crash?  A liquidation happens when an exchange force-closes a trade funded with borrowed money after losses eat the traders deposit. Each forced sale can trigger the next.  Thursdays wave was the largest long-side wipeout in 90 days on CoinGlass. More than $600 million was liquidated in a single hour, the biggest hourly total in a month.  Crypto market liquidation history, 90 days, Source: CoinGlass  Still, the total is about one-nineteenth of last years figure. So far, the data does not match fears of a 10-10 crash repeat.  The pressure came largely from outside crypto. Fed minutes released October 7 showed most officials saw another rate hike as likely appropriate by year-end.  Sponsored  Sponsored  The 10-year Treasury yield sat near 5.3%, and Brent crude traded near $105. Meanwhile, US spot Bitcoin ETFs (exchange-traded funds) posted $487 million in outflows, the

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Samsung Projects $80 Billion Quarterly Profit: How Will Its Stock Price React?

Samsung Electronics projects 107.4 trillion won (about $80 billion) in third-quarter operating profit. This would mark the first time any technology company tops 100 trillion won in a quarter.   Operating profit, the money made from core business before interest and taxes, rose 782.5% from a year earlier. Yet Goldman Sachs holds a 490,000 won price target, about 87% above Thursdays close.  Sponsored  Sponsored  Samsung Stock Performance. Source: Yahoo FinanceWhat Drove Samsungs Record Profit  Memory chips, which store data in phones and artificial intelligence (AI) servers, did the heavy lifting. AI data centers are buying them faster than manufacturers can make them, pushing prices higher.  Analysts estimate memory earned about 110 trillion won, The Korea Times reported. Samsungs high-bandwidth memory (HBM) shipments, stacked chips that feed AI processors, grew close to 50% from the second quarter.  Samsung AI Memory Boom  “Heres another remarkable number from the AI boom…The reason? Soaring demand for MEMORY chips used in AI infrastructure. AI infrastructure spending is creating enormous profits for chip suppliers while raising costs for other industries,” macro strategist Jerry Robinson noted.  Sponsored  Sponsored  However, phones paid the price, with analysts telling Reuters the mobile business lost more than $1 billion as chip costs rose. Reportedly, Samsung will break down results by business on

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