Sam Altman-backed Bitcoin life insurer, Meanwhile, raises more funds

Meanwhile, a life insurer licensed to operate completely in Bitcoin, announced $37.5 million in new funding from existing investors.  Bermuda-based Meanwhile, whose backers include OpenAI CEO Sam Altman, has now raised more than $180 million.  Bain Capital Crypto led the new round, alongside Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital, it said in a statement.  The round follows increased international demand for Meanwhiles Bitcoin life insurance policies, particularly in Asia, Europe and the Middle East, amid broader macro instability, according to the statement on Thursday.  “Wealthy families around the world already hold Bitcoin. What they haven‘t had is a regulated way to pass it on,” Zac Townsend, Meanwhile’s co-founder and CEO, said in the statement. “Brokers came to us because their clients kept asking. This round lets us keep up with them.”  Passing Bitcoin to the next generation  In early 2026, Meanwhile launched BTC Life 1-Pay, a single-premium whole life policy built for high-net-worth clients outside the United States. It is the companys second product line after BTC 10-Pay, which is designed for US taxpayers.  Policies can be owned by individuals, trusts or companies, which makes them a fit for succession and estate planning, the company said.  Net long-term underwriting

10-10انڈسٹری

Does This $32M Whale Know Where Bitcoin's Price Goes After $82.5K

A Hyperliquid trader is sitting on a $32.36 million bitcoin short exactly one year after the 10/10 crash that erased over $19.1 billion in leveraged bets.  Key TakeawaysA Hyperliquid whale holds a 391.48 BTC short worth $32.36M, opened near $82,863 with 13x cross leverage.Polymarket puts bitcoins odds of reaching $100,000 by Dec. 31, 2026, at just 27.5%.Coinglass data shows about $3.3B in shorts at risk if BTC climbs back to $85,000.  The Nitty Gritty Of The Matter  The position surfaced earlier today, with the account holding $7.19 million in equity and one open perpetual futures (perps) position, a short on BTC. This one is 391.48 BTC in size, valued at $32.36 million, with an average entry of $82,863.10.  The trader is using cross margin, meaning the entire account balance backs the bet, at 13x leverage. The liquidation price, the level at which the exchange would forcibly close the position, sits at $99,801.20. That is roughly 20% above where bitcoin trades today, which makes this a patient bet rather than a reckless one.  The wallet has also been busy, with Hyperbot logging 4,726 trades, a one-week perps profit of $952,154, and a maximum drawdown of 11.03%. At press time, the short was up about $75,532, and

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NFT sales rise to $39.85m as Pudgy Penguins jump 125%

NFT sales reached $39.85 million over the seven days to Oct. 10, up 0.90% from the previous week, as Ethereum retained its blockchain lead and Pudgy Penguins sales more than doubled.  According to data from CryptoSlam, weekly NFT sales totaled $39,853,744 in its seven-day dashboard checked on Oct. 10.  The tracker recorded 30,332 buyer addresses, down 85.33%, and 30,598 seller addresses, down 84.45%. Transactions fell to 778,055, a 6.92% decline from the previous seven-day period.  The small increase in dollar sales came alongside much larger declines in participating addresses. Based on the dashboard totals, the average recorded transaction value was about $51.22.  Separately, CoinGecko listed Bitcoin near $82,768 and Ethereum around $2,494 on Oct. 10, with total cryptocurrency market capitalization at approximately $2.89 trillion.  Ethereum leads NFT sales with $17.60 million  CryptoSlam ranked Ethereum first with $17,604,074 in seven-day sales, an increase of 4.52%. The network accounted for approximately 44.2% of the global NFT sales total.  Ethereum recorded 4,254 buyer addresses, down 85.84%. Its separately tracked wash-trading volume reached $1.15 million, up 12.45%, bringing combined sales and wash volume to $18.76 million.  Ethereum led seven-day NFT blockchain sales with $17.60 million | Source: CryptoSlam  Polygon held second place with $8,622,071 in sales, up 5.76%. Buyer addresses declined 78.88% to

10-10انڈسٹری

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,

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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

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WikiBit Exchange Exit Risk Rankings #40: XT.com — The “Social Exchange” with 12 Million Users, a CAD 2 Million Canadian Penalty, and Users Told to Pay “Tax” to Withdraw

Introduction: The Two Faces of an Exchange Awards Regular  In our first 39 installments, we investigated a range of exchanges, from HashKey to Tokocrypto. For Episode 40, we turn to a platform with an impressive trophy cabinet and a growing list of legal and regulatory troubles: XT.com.  XT.coms marketing credentials are certainly impressive. Founded in 2018, the exchange claims 12 million registered users worldwide, coverage across more than 200 countries and regions, support for over 1,300 tokens and 1,300+ trading pairs, and approximately $3.4 billion in daily trading volume. Headquartered in Dubai, it promotes itself as a socially integrated trading platform. In 2024, it received multiple industry awards, including recognition as a “Best Cryptocurrency Exchange.” It also regularly publishes Merkle tree proof-of-reserves reports, claiming reserve ratios of over 120% for BTC, ETH, and USDT.  On paper, does this sound like the perfect image of a global social trading exchange?  But there is another side to the story.  In 2023, Quebecs financial markets regulator, the Autorité des marchés financiers (AMF), ruled that XT.com had violated securities laws. In March 2025, the Ontario Securities Commission (OSC) followed up with a CAD 2 million administrative penalty and a comprehensive ban on XT.com conducting securities-related activities in Ontario.  In 2026,

10-10گہرا غوطہ

The Economics Behind Base’s Tokenized-Stock Push

If an investor trades a tokenized share of a U.S. company on a blockchain, which business earns the most from that transaction? The token issuer may charge a fee. The trading venue may earn a spread or commission. Market makers may capture part of the execution economics. The network receives transaction fees, which could be modest compared with the total trade value.  This is the unanswered economic question beneath the latest tokenization forecasts from Base creator Jesse Pollak.  In an October 9 interview with The Block at TOKEN2049 Singapore, Pollak identified tokenized equities and non-dollar stablecoins as major areas of future growth. He said Coinbases tokenized-stock offering on Base, launched roughly six weeks earlier, was seeing about $70 million to $100 million in daily trading volume, with approximately 50 stocks available and a target of 250 by the end of October.  Those figures are company-side statements from the interview. They are useful indicators of what the team says it is building, but they are not a substitute for independently reconciled execution, liquidity or customer data.A bigger catalog does not guarantee a deeper market  The appeal of onchain equities is straightforward: global distribution, transferability and the possibility of trading outside the hours of conventional U.S.

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Can an AI Agent Spend From a Bank Account? HSBC and Ant Digital Test the Mechanics

A useful AI agent might need a market-data feed for fifteen seconds, a document-conversion API for one job and extra computing capacity for the next. The purchases could be small, frequent and difficult to predict in advance. Requiring a person to approve every transaction defeats much of the point of automation. Allowing the agent to spend freely creates a different problem.  That tension is the interesting part of an October 9 demonstration by HSBC and Ant Digital Technologies. In a joint announcement distributed by Ant Digital, the companies described a technical test in which an AI agent discovered a digital service, used it and completed a micropayment with real-time settlement through tokenized bank-deposit infrastructure.  It was a test, not a product launch. There were no published customer-adoption figures, production transaction volumes or independently established cost savings. But its architecture suggests where banks intend to compete as software agents begin making financial decisions.The payment was one step in a longer workflow  Ant Digitals Anvita Flow network handled the service-discovery and invocation process. Jovay Testnet provided the blockchain testing environment. HSBCs Tokenised Deposit Service supplied settlement functionality and real-time risk checks through the banks MCP interface.  Those functions solve different problems. A service-discovery network helps software

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Thailand Bitcoin and Ethereum ETF Rules: What Changes October 16

Thailand has settled an important question about how ordinary investors may gain regulated crypto exposure. Instead of opening the market broadly to overseas exchange-traded products, it is building a domestic route through local asset managers, the Stock Exchange of Thailand and licensed digital-asset custodians.  The Securities and Exchange Commission issued 11 related regulatory notifications on October 8. They take effect on October 16, 2026. Bitcoin and Ether are the first eligible assets. The rules establish a framework for funds to be formed and traded; they do not announce that a particular Bitcoin or Ether ETF will start trading on October 16.  The details reveal a deliberate tradeoff: give investors access to crypto prices inside a supervised securities product, while keeping the first generation of products relatively narrow.What the rules mean for the fund a customer might actually buy  A qualifying crypto ETF must be passively managed and track a single eligible crypto asset. The SEC requires an average net exposure of at least 80% of net asset value to that asset over each accounting year. This is an investment-exposure requirement, not a return target. It also does not mean that an individual investor receives 80% of Bitcoins return in every period.  The funds will

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UK Crypto Sanctions 2026: Cryptomus, Heleket, TokenSpot and Payment Networks

An exchange can change its name, move users to a second brand or route payments through an affiliated processor. Compliance screening becomes much harder when the legal company on a sanctions list is not the name customers recognize on a website.  That problem runs through the UKs October 8 Russia-related sanctions package. The government announced 38 new designations across oil, military supply chains and financial networks, including three crypto exchanges and two payment platforms it suspects of helping Russia evade restrictions. The announcement says two of the targeted services facilitated transactions with the A7 network. The networks claim that it moved more than $90 billion in 2025 is a claim cited by the government, not an independently audited total.  For crypto compliance teams, the most consequential detail is how names, corporate entities and financial infrastructure overlap.Cryptomus and Heleket: one listing can cover several names  Blockchain-intelligence company TRM Labs identifies Xeltox Enterprises Ltd as the designated legal entity associated with Cryptomus, Heleket and Certa Payments. A screening system that checks only the public-facing Cryptomus brand can miss the corporate-name match. Conversely, it would be careless to assume that any service with a similar name or a historical transaction link is necessarily a separately designated

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