Ledger confirms unauthorized hardware implant, says losses may exceed $86M

Hardware wallet maker Ledger, which has been investigating reports of crypto losses involving its devices purchased from a Southeast Asian reseller, confirmed that one of the affected users devices contained an unauthorized hardware implant.  Ledger said in a Saturday post on X that it was contacting users as part of its ongoing investigation into the losses, which investigator Specter estimated may exceed $86 million across Bitcoin, Ethereum and Tron.  Ledger asked that individuals who have information regarding the investigation to contact its bounty program at bounty@ledger.fr.  As a measure of precaution, reseller CryptoBilis confirmed in the post that it had ceased sales of all hardware wallet inventory until the investigation is concluded. Ledger said it is in active communication with CryptoBilis on next steps.  Related: Ledger investigates fund losses linked to Southeast Asian reseller, warns users  Ledger recommends users who purchased one of their devices from this reseller to not initiate set-up if they have not yet done so. If they have set up their Ledger device, they should consider moving assets to a new Ledger signer, including using a new seed.  Cointelegraph reported on Friday that CryptoBilis was listed as an authorized Ledger reseller in Indonesia, Malaysia and the Philippines.  Ledger has not confirmed how many

10-11انڈسٹری

Tokenized stocks can carry the same rights without the same trading protections

Tokenized stocks eligible for the SECs September exemption must carry equivalent shareholder rights, yet their trading venues can operate outside key Regulation NMS protections. Investors therefore need to examine both what the share represents and how their order is priced and handled.  Market-data provider Douro Labs asked SEC staff in an October 9 submission for provider-neutral principles to assess external price feeds and use them for dollar reporting. Douro contributes to Pyth Network and develops and operates Pyth Pro, giving it a commercial interest in the standards under discussion.  The order requires venue disclosures and safeguards. FINRA-member brokers retain applicable best-execution duties when they handle covered customer transactions.  The September 17 order grants temporary, conditional relief from the definition of an exchange to venues offering permissioned automated market maker pools for eligible tokenized National Market System (NMS) stock. These pools use software to let approved participants trade against committed assets. The order also provides separate dealer-definition relief for certain liquidity providers using their own capital.  Its scope is narrower than the tokenized-stock label. Third-party securities providing synthetic exposure, including tokenized linked securities and security-based swaps, are excluded, as are rights and warrants. Eligibility depends on the defined security and the venues compliance with the

10-11انڈسٹری

Meta Stock Warning? Zuckerberg Sells $21 Million as Insiders Exit

Meta stock has fallen nearly 8% since Mark Zuckerberg sold $21.4 million worth of shares in September. Yet Wells Fargo sees the stock reaching $1,000, raising questions about what investors should make of the companys insider selling.  Over the past six months, Meta executives and directors recorded 172 stock transactions, with no insider purchases.  Sponsored  Sponsored  At first glance, that looks concerning. However, SEC filings suggest the selling may reveal little about where Meta stock is heading.  Look at this.  Meta, $META, insiders have made 172 trades in their own stock over the past six months.  Purchases: zero.  CFO Susan Li: ~$95 million sold  COO Javier Olivan: ~$24 million sold, often every week  Product chief Chris Cox: $13 million sold on Sept. 9  Are Meta Insiders Losing Confidence?  Zuckerberg sold shares on September 24, when Meta traded near $778. The stock closed Friday around $719.  Other senior executives, including CFO Susan Li and COO Javier Olivan, have also been selling.  Unusual Whales reported that Olivan sold roughly $24 million in shares through repeated transactions.  However, these executives arranged their sales months earlier under Rule 10b5-1 trading plans.  Some transactions were also related to taxes rather than actual selling. One SEC filing explicitly states that the transaction “does not represent a sale.”  Sponsored  Sponsored  Zuckerberg also retains a substantial controlling

10-11انڈسٹری

France Wants to Tax Crypto Holders Before They Sell

French lawmakers are proposing a bill where crypto holders need to pay tax on their unrealized profit if they leave the country, even if they havent yet sold the assets. The exit tax would apply to portfolios worth more than €800,000, or nearly $900,000.   France already charges this tax on shares when wealthy residents leave. Crypto has been exempt, and the plan could still fail in a debate that starts Tuesday.  How Frances Crypto Exit Tax Would Work  The measure is an amendment to Frances 2027 budget bill. Left-wing deputy Nicolas Sansu filed it with 16 co-signers, and the National Assemblys finance committee adopted it on October 8, according to a Paris law firm.  Sponsored  Sponsored  The tax targets gains that exist only on paper. Someone who paid €200,000 for coins now worth €1 million holds an €800,000 paper gain, taxable on moving even without a sale.  It would apply to anyone who lived in France for six of the past 10 years. Coins on trading platforms count, and so do coins in personal wallets, including abroad.  Leavers would also have to list every crypto holding on their tax return. The authors argue that a person leaving with millions in crypto currently avoids a tax that a

10-11انڈسٹری

Global Bank Stocks Sink as Bond Losses Top $326 Billion: Is Another SVB Coming?

Bank stocks fell across the US, Europe, and Singapore this week after the 10-year US Treasury yield topped 5.35%, its highest since 2002. Higher yields cut the value of bonds banks already own.  That same squeeze helped bring down Silicon Valley Bank (SVB) in 2023. US lenders still carried $326.7 billion in paper losses on bonds at the end of June, before yields jumped again.  Sponsored  Sponsored  Why Rising Yields Push Bank Stocks Lower  Banks park large sums in government bonds. When new bonds pay more interest, older, lower-paying bonds lose resale value.  The Federal Deposit Insurance Corporation (FDIC), which insures US bank deposits, put those unrealized losses at $326.7 billion for the second quarter, per its report.  Yields have climbed since then. The 10-year yield hit its 24-year high on October 7.  Meanwhile, the Invesco KBW Bank ETF, a fund of large US lenders, is down about 13% from its August high, TradingView data shows.  Bank stocks daily charts of the Invesco KBW Bank ETF, the EURO STOXX 50, and Singapores Straits Times Index. Source: TradingView  Sponsored  Sponsored  How Far the Bank Stocks Selloff Has Spread  On October 7, Europes main bank index fell 3.5%. Société Générale, Deutsche Bank, UniCredit, and Intesa Sanpaolo each lost more than 4%, Reuters reported.  European lenders face

10-11انڈسٹری

Mystery Bets on Trumps New Press Secretary Could Turn $173 Into $9,600

Three small bets that Katie Zacharia would become Trumps press secretary went in before the news broke. Kalshi is now investigating the trades, which risked under $175 and could pay more than $9,500.  Zacharia was not seen as a front-runner. In the days before President Donald Trump named her on Friday, bettors on Kalshi gave her about a 1% chance.  Sponsored  Sponsored  Bets on Who will be Trumps next Press Secretary. Source: KalshiHow Did Bets on a 1% Trump Press Secretary Pick Land Early?  Kalshi is a prediction market regulated by the Commodity Futures Trading Commission (CFTC). Users buy contracts on real-world events. Each contract pays $1 if the event happens, so a 1% chance costs about 1 cent.  The first bet, for $19, went in around 10:43 p.m. ET on Thursday. Thats according to a Journal review of public Kalshi data. It is set to pay $1,896.  Two more bets, of about $74 and $80, followed at around 1:41 p.m. on Friday. They are set to pay $3,689 and $4,023.  About 20 minutes later, The New York Times and other outlets began reporting the pick. Trump then confirmed it on Truth Social.  It is my Great Honor to have just appointed, as Press Secretary, Katie Zacharia… I am

10-11انڈسٹری

Who Really Owns Bitcoin? Wall Street vs. Ordinary People

Wall Street is pouring billions into Bitcoin, yet ordinary investors still hold most of the supply. Meanwhile, some of the biggest corporate buyers are spending millions to simply maintain their Bitcoin holdings.  Individuals own an estimated 13.9 million BTC, or 66% of the 21 million coins that will ever exist, according to Bitbo and River data compiled by Motley Fool.  Sponsored  Sponsored  That leaves institutional investors competing for Bitcoin that existing holders may be unwilling to sell.  Who Actually Owns Most of Bitcoin?  As of October 9, Bitcoin ETFs held 1.48 million BTC, according to Bitbo. Companies controlled another 1.66 million, while governments held roughly 518,500.  Together, these groups accounted for about 17% of Bitcoins maximum supply.  BTC holdings in publicly traded and private companies, ETFs, and countries. Source: Bitbo  Meanwhile, around 1.6 million BTC are estimated to be lost. Another 968,000 sit in wallets linked to Bitcoins anonymous creator, Satoshi Nakamoto.  However, ownership is gradually shifting. River data shows individuals sold a net 696,000 BTC in 2025. Businesses, investment funds, and governments purchased nearly one million coins.  If that trend continues, institutions may have to offer higher prices to persuade existing holders to sell.  Sponsored  Sponsored  Corporate Bitcoin Buyers Face Growing Cash Demands  Holding Bitcoin also comes with costs for companies financing their purchases.  Strategy,

10-11انڈسٹری

A COVID Vaccine Stock on the S&P 500 Is Up 600% This Year

The AI boom has driven the 2026 stock market, but the S&P 500s best performer so far this year is not a chipmaker. It is a COVID vaccine maker, up 663% after closing at $225 on Friday.  That lead rests on a cancer vaccine trial whose detailed results have not been released. In mid-August, the companys shares were still down nearly 90% from their pandemic peak.  Sponsored  Sponsored  How Moderna Stock Climbed Past Every AI Name  The company is Moderna (MRNA), best known for its COVID shot. On August 19, it and drugmaker Merck said their experimental cancer vaccine had passed a final-stage trial in skin cancer patients.  The news landed after a rough stretch. COVID vaccine sales had collapsed, and Moderna cut more than 800 jobs last year.  Shares closed up 177% that day, then fell 24% the next, according to the Inquirer. BeInCrypto had already flagged Modernas 2026 comeback in June, when the stock was up 125% on a flu vaccine approval.  On Friday, the gains extended, with Moderna rejoining the Nasdaq-100, an index of Nasdaqs largest non-financial companies.  BREAKING: $MRNA is up +8% today as it joins the Nasdaq-100, and it is now the best performing S&P 500 stock of 2026, up +620%.  $10,000 invested in Moderna

10-11انڈسٹری

Malaysia man loses 3M in suspected crypto wallet hack

Malaysian police have launched an investigation into a suspected cryptocurrency wallet hack after a man in Teluk Intan reported losing approximately RM12.47 million ($3.05 million) in digital assets through transactions he did not authorize.  According to Malaysian national news agency Bernama, Perak police chief Mohd Alwi Zainal Abidin confirmed on October 10 that the victim discovered the missing cryptocurrency at approximately 1 p.m. on October 9. Police are working with the Bukit Aman Commercial Crime Investigation Departments cryptocurrency unit to identify the people responsible and trace the transferred assets.  The case is being investigated under Section 420 of Malaysias Penal Code, which covers cheating offenses. Authorities have not established how the wallet was accessed or identified the individuals involved.  Malaysia police investigate $3 million crypto wallet theft  The suspected theft came to light when the victim noticed that cryptocurrency had left his digital wallet without his knowledge or permission.  According to Perak police, the man was in Teluk Intan when he discovered the unauthorized transfers on Friday, October 9. Bernama identified the victim as a 38-year-old man, while a separate report by The Star described him as 39. Authorities have not publicly clarified the difference.  The victims name has not been disclosed in the reports reviewed.

10-11انڈسٹری

XRP ETFs extend a 13-week inflow streak as Bitcoin, Ethereum and Solana funds shed $1.25 billion

US-listed XRP ETFs extended their inflow streak to 13 weeks as Bitcoin, Ethereum and Solana funds suffered nearly $1.25 billion in combined withdrawals during the week ended Oct. 9.  Related Asset Bitcoin #1 BTC · $82,985.72 24-hour change: up 0.28% Loading price history… 24H Up 0.28% 7D Down 2.65% 30D Up 5.39%  Bitcoin ETFs recorded $681.1 million in net withdrawals, while Ethereum products shed $542.07 million and Solana funds lost $24.81 million, according to SoSoValues Bitcoin, Ethereum and Solana tables. XRP ETFs added $11.31 million, leaving the four groups with combined net redemptions of about $1.24 billion.  The divergence ended three weeks of Bitcoin ETF inflows and Solanas 14-week positive streak.  Related Asset XRP XRP · $1.39 24-hour change: down 0.68%  Ethereum recorded its largest weekly outflow since January.  Bitcoin buying loses momentum as Ethereum withdrawals deepen  Bitcoins $681.1 million weekly outflow followed $241.09 million of inflows the previous week, a $922.19 million swing in investor demand.  Related Asset Ethereum ETH · $2,500.16 24-hour change: up 0.13%  Redemptions were concentrated in two sessions. Investors withdrew $487.07 million on Wednesday and another $244.13 million on Thursday. A $21.13 million inflow on Friday provided some relief, but left the funds with their first negative week since the week ended Sept. 11.  CryptoQuants

10-11انڈسٹری
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