Polygon Open Money Stack Expands to TRON, Extending Network Access to Regulated US Payment Rails

Dubai, UAE – October 7, 2026– Polygon Labs today announced that Polygon Open Money Stack now supports the TRON network, giving fintechs, remittance providers, and payment platforms a way to connect bank funds directly into the worlds largest network for USDT (TRC-20).  The expansion connects Polygon Open Money Stack to TRONs stablecoin economy, which supports more than $94 billion in circulating USDT and over $30 trillion in total transfer volume. Businesses serving that economy have traditionally had to independently assemble licensing, sponsor banks, wallet providers, and cross-chain routing infrastructure before moving funds between banking rails and blockchain networks. Polygon Open Money Stack brings those components together through a single integration.  Dollars can enter through regulated on-ramps via bank transfer, debit card, or cash at a retail counter, move into virtual accounts that hold real balances, and settle on-chain under rules defined by the business. The same integration can then route funds across supported blockchains and facilitate payouts through supported payment rails.  Sponsored  Sponsored  TRON has established itself as one of the worlds most heavily used networks for moving digital dollars, particularly in markets where USDT is used for retail payments, savings, and cross-border transfers.  With support for TRON, Polygon Open Money Stack enables businesses operating across

10-08انڈسٹری

French Hill says SEC and CFTC crypto rules fall short of legislation

House Financial Services Committee Chair French Hill has renewed his push for a permanent US crypto law, saying regulatory action falls short of legislation as the Senate faces just 22 session days after Novembers elections.  Fox Business carried Hills comments in an Oct. 7 interview, during which the Arkansas Republican said the Securities and Exchange Commission and Commodity Futures Trading Commission had made progress on digital assets but their efforts “fell short” of a congressional solution.  With the Digital Asset Market Clarity Act stalled in the Senate, Hill called for lawmakers to use the remaining congressional calendar to secure a permanent change in law. His preferred window is the lame duck session, when Congress returns after the November midterm elections and before the next group of lawmakers takes office in January.  “We need that permanent law change to make sure America is number one in digital assets and blockchain technology.”  In the interview, Hill said he still hoped Congress could pass CLARITY during that session. He also pointed to the limited time available, noting that the Senate has only 22 scheduled session days between the elections and the arrival of the next Congress.  CLARITY Act still needs Senate agreement after the failed vote  Senate records cited

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Anthropic Launches Haiku 5.5: Its Cheapest and Fastest Claude Model Yet

In briefAnthropic released Claude Haiku 5.5 at $0.10 per million input tokens and $0.50 per million output tokens for prompts up to 100,000 tokens, down from $1 and $5 for Haiku 4.5.Haiku 5.5 scored 72.4% on the OSWorld 2.1 offline subset and 39.2% on Terminal-Bench 4.0, ahead of OpenAIs GPT-6 Luna on both but well behind Sonnet 5.5s 70.6% on the coding test.Anthropic also halved Sonnet 5.5s cache-read price to $0.10 per million tokens and is adding monthly API credits for Max and Team subscribers this week.  Anthropic released Claude Haiku 5.5 on Wednesday, calling it the cheapest, fastest and most capable small model it has made. It targets high-volume chores such as summarizing documents and querying databases, plus speed-sensitive jobs like live customer support and operating a web browser for the user.  Developers who plug Claude into their own products pay $0.10 per million input tokens and $0.50 per million output tokens for prompts up to 100,000 tokens. Tokens are the small chunks of text, roughly three-quarters of a word, that AI models read and write—and theyre what big AI companies bill by. That matches the rate OpenAI set for GPT-6 Luna, its rival small model, when it launched on September

10-08انڈسٹری

Uranium Finance hacker convicted over $55 million theft, faces 20 years

A New York jury has convicted cybersecurity consultant Jonathan Spalletta of computer fraud and money laundering over two Uranium Finance attacks that drained nearly $55 million, with the money laundering count carrying up to 20 years in prison.  The U.S. Attorneys Office for the Southern District of New York announced on Oct. 7 that Spalletta, 36, of Rockville, Maryland, had been found guilty on every count in his indictment following a trial before U.S. District Judge Jed Rakoff.  According to Bloomberg, jurors deliberated for more than two hours before returning their verdict, and Rakoff scheduled sentencing for Feb. 16. The report said defense lawyers had argued that Spalletta used publicly available smart contract functions rather than forged credentials or malicious code.  Uranium Finance convictions carry separate prison limits  In its statement, the U.S. Attorneys Office said the computer fraud count carries a maximum prison term of 10 years, while the money laundering count carries a maximum of 20 years. The office stressed that Congress sets those limits and that a judge will determine the actual sentence.  Earlier in the case, crypto.news reported on March 31 that federal authorities had charged the Maryland resident over the two attacks. The report identified computer fraud and money laundering

10-08انڈسٹری

SEC and CFTC Crypto Rules 'Fall Short' of Clarity, Says Rep. French Hill

In briefRep. French Hill, who chairs the House Financial Services Committee, told Fox Business that the SEC and CFTCs crypto rulemaking “fall[s] short” of whats needed: a legislative solution.He credited SEC Chair Paul Atkins and CFTC acting Chair Mike Selig for using exemptive relief to define digital assets, but argued agency rules are fragile compared with a durable statute.His stance cuts against the post-collapse narrative of crypto leaning on regulators rather than Congress.  The regulators may be busy on crypto, but they cant finish the job. That was the message from Rep. French Hill, who argued this week that the flurry of crypto rulemaking from the SEC and CFTC is no substitute for the market-structure law that stalled in the Senate.  Speaking in an interview with Fox Business on Wednesday, Hill, the Arkansas Republican who chairs the House Financial Services Committee, credited the two agencies for stepping into the vacuum.  Myriad: Who wins the midterm elections? Click to make your prediction.  Hill noted that SEC Chairman Paul Atkins and CFTC Chairman Mike Selig “have taken steps to use their regulatory power, their exemptive relief, to give definition to digital assets and digital commodities, so we can have a functional system here in the U.S.

10-08انڈسٹری

Hyperliquid confirms Singapore base as MAS says it falls outside its remit

Hyperliquid Labs has confirmed its registered headquarters in Singapore, where its roughly 11-person team moved in 2024, while the countrys regulator has said it is unaware of the platform being regulated in any major jurisdiction.  The Financial Times reported that Hyperliquid Labs confirmed its Singapore headquarters, while people familiar with the Monetary Authority of Singapores thinking said the regulator considers the decentralized platform outside its jurisdiction.  In its direct response to the newspaper, MAS said, “We are not aware that Hyperliquid is regulated in any major jurisdiction.”  Hyperliquid acknowledged that it operates without regulation, according to the report, and said it has never claimed to hold permission or authorization from MAS. The company also expressed willingness to work constructively with regulators.  Hyperliquids Singapore presence includes its development team  According to the FT, co-founder Jeff Yan and a team of about 11 people relocated to Singapore in 2024. Company documents reviewed by the newspaper identified Singapore as the registered headquarters, while recent recruitment material also referred to an office there.  The newspaper reported that job advertisements posted as recently as the previous week asked candidates whether they could work in the Singapore office. Hyperliquid Labs confirmed its registered location when approached by the FT.  People familiar with MAS‘s

10-08انڈسٹری

Tether Signs Deal With Kazakhstan's Central Bank to Explore a Stablecoin and Tokenized Assets

In briefTether signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau City Authority to prepare a pilot proposal for a tenge-pegged stablecoin and an asset tokenization framework.Kazakhstans central bank earmarked up to $350 million for crypto-linked investments in March, and officials said in September that the national crypto reserve has reached $700 million.The deal lands days after a Senate subcommittee report on Iran-linked USDT use and a lawsuit over a $2.76 million Tether freeze.  Tether, the company behind the worlds largest stablecoin, signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau City Authority, the company announced Wednesday.  The memorandums first goal is a stablecoin pegged to the tenge, Kazakhstans currency. The three parties will study how other countries issue them and then prepare a concept and pilot proposal, though the announcement does not say who would issue the token.  Myriad: Where does Ethereum go next? Click to make your prediction.  On tokenization—recording ownership of something real, like a building or a bond, as a digital token on a blockchain—the parties will pick priority asset categories, design a model and launch a pilot inside Alatau, possibly on Hadron, the tokenization platform Tether launched in November

10-08انڈسٹری

XRP ETFs now hold $1.7 billion but took in just $4M last week

XRP traded around $1.43 on Oct. 7, down 5.46% over 24 hours. Five tracked US spot XRP ETFs held an estimated $1.7 billion at the previous days close, according to market data tracker Maketo.  Related Asset XRP #5 XRP · $1.43 24-hour change: down 4.92% Loading price history… 24H Down 4.92% 7D Down 4.56% 30D Up 1.81%  The holdings total is accumulated exposure. The latest net flows were much smaller, and the ETF sector contained withdrawals as well as additions: Franklin and Canary recorded outflows on Oct. 6, even though the five funds collectively received net inflows. The exchange-wallet decline used to support a supply-squeeze story also includes a storage migration that left coins under the same exchanges control.  ETF inflows and wallet withdrawals tell a smaller story  Maketo estimated that its five tracked funds held $1.7 billion, or about 1.13 billion XRP, at the Oct. 6 close. It values the coins at its own daily closing price and estimates some holdings when issuers do not publish a coin count.  Its flow data for the same date showed $3.14 million of aggregate net inflows. The past-week total was roughly $3.9 million, alongside $112 million over the past month. The weekly and monthly figures cover the

10-08انڈسٹری

'Bunker Mode': Top Ethereum Researcher Sounds Alarm Over AI Crypto Threat

Ethereum researcher Justin Drake is urging the crypto community to start planning for what he calls “bunker mode”, as he claims the ever-growing leaps in AI might threaten Bitcoin, Ethereum, and other key blockchain networks.  The researcher is encouraging big and sophisticated crypto players to start thinking about a controlled movement of funds to new addresses with public keys never seen on-chain.  “Today I call upon the blockchain industry to calmly start planning for bunker mode,” wrote Drake.  He has proposed such a plan as a way to limit the possible fallout of a theoretical breakthrough that would make it possible to get private keys from visible public keys.  Notably, Drake asked users not to panic and move in a rush. Instead, he framed this measure as a prevention that can be done today with current wallets and crypto infrastructure.  Will AI break ECDSA?  The issue raised by Drake pertains to the Elliptic Curve Digital Signature Algorithm (ECDSA), a common way to approve crypto transactions.  The Ethereum researcher says that it is now time to think about a theoretical extreme case. That is, ECDSA could be broken by classical computers before we reach the power of quantum computers (usually called “Q-day”).  In the worst-case scenario, this kind of

10-08انڈسٹری

Bitcoin price drops to $82.7K October low as bond sell-off resumes on Iran nerves

Bitcoin (BTC) fell further at Wednesdays Wall Street open as oil prices gained on US-Iran war headlines and stocks came off all-time highs.  Key points:Bitcoin fell to $82,734 on Bitstamp, marking its lowest levels so far traded in October.US bond yields spiked to new 24-year highs and Brent crude oil prices rose to $102 per barrel after Iranian comments on shipments through the Strait of Hormuz.BTC price analysis warns of lackluster demand on both spot and derivatives markets.  Bond yields set new 24-year high on Iran oil clampdown  Data from TradingView showed BTC/USD dipping below $83,000, setting new month-to-date lows.  BTC/USD one-hour chart. Source: Cointelegraph/TradingView  Mixed signals over oil traffic through the Strait of Hormuz pushed Brent crude oil to $102 per barrel on the day, while WTI crude reached $91.  An adviser to Iran‘s Revolutionary Guards’ Commander quoted by Reuters on the day warned of a clampdown on traffic that it had “deemed illegal.”  “The Strait of Hormuz is closed, and the armed forces of the Islamic Republic of Iran have full control over it. This situation will continue until Irans legitimate demands are met,” he said.  CFDs on WTI crude oil one-hour chart. Source: Cointelegraph/TradingView  US bond yields, highly sensitive to concerns about inflation and government debt

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