Ripple's $24M XRP Debt Fight Puts a $400M Tranglo Stake on the Block

A Malaysian court has given Ripple a charging order over Seamless Groups 60% stake in Tranglo, a holding priced at $400 million in January, to collect roughly $24 million in unpaid XRP invoices.  Key TakeawaysThe High Court of Malaya made absolute a charge over 100,465 Tranglo shares held by Seamless on Oct. 1.Currencs $400M Tranglo sale to New Margin had a Sept. 30, deadline and no disclosed closing.Ripple may seek a court-approved sale from Oct. 7, while Seamless can still contest valuation.  The Massive $23,952,480 Figure Explained  It is the unpaid principal Nasdaq-listed Currenc Group disclosed in an Oct. 7 filing with the U.S. Securities and Exchange Commission (SEC), before adding late fees and court costs.  The debt traces back to Ripples on-demand liquidity (ODL) service, which uses XRP as a bridge between two fiat currencies. According to the Singapore High Court judgment, GEA Limited, a Hong Kong remittance firm then owned by Seamless, signed an XRP purchase agreement and a $5 million line of credit with Ripple on Sept. 12, 2022.  GEA ran up four invoices, one in October 2022 and three in March 2023, and paid only $8,455,740 toward one of them. Ripple withdrew the ODL service on March 11, 2023, after the

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UK sanctions three crypto exchanges tied to Russian illicit funds

The UK government has sanctioned three cryptocurrency exchanges and two payment platforms suspected of helping Russian entities circumvent financial sanctions.  Three of the service providers were linked to Kyrgyzstan, while two of them facilitated transactions with the Kremlin-backed A7 network, the UK Foreign, Commonwealth & Development Office (FCDO) announced Thursday.  Cutting off these platforms makes it harder for sanctioned entities to move and access funds, the Foreign Ministry said, adding that the A7 financial network claimed to have moved more than $90 billion last year, or nearly half of Russias annual military expenditure.  Blockchain analytics platform Chainalysis found that two of the sanctioned payment processors, Cryptomus and Heleket, received funds from thousands of illicit counterparties, peaking at 900 entities within a single month in late 2025.  Another sanctioned platform, the Kyrgyzstani TokenSpot exchange, was also tied to the A7 network. Chainalysis determined that TokenSpot, along with Grinex and Meer, received over $308 million from the same HTX deposit address.  In May, UK authorities included Huobi Global, the operator of crypto exchange HTX, in their sanctions package. HTX pushed back against the decision, arguing that the designation applies only to Huobi Global as a separate legal entity and said its online exchange and user funds remain

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Crypto Biz: Wealthy investors are buying crypto, but their advisers arent sold

Affluent investors appear increasingly comfortable with crypto, even if their financial advisers arent keeping pace. A new CoinShares survey found that a majority of wealthy investors across seven major economies already own digital assets, with many planning to increase their exposure this year.  The findings come as capital continues to move into crypto in other ways, even against a tougher market backdrop. Bitcoin is trying to build on its best quarter since 2017 while Treasury yields remain above 5%, and OKX has raised additional funding at a $25 billion valuation.  Meanwhile, Strategy is putting more capital into its preferred stock. The company spent more than six times as much buying back STRC shares last week as it did buying Bitcoin.  Bitcoins rally runs into a 5% Treasury market  Bitcoin is coming off its best third quarter since 2017, but extending the rally could prove difficult as Treasury yields above 5% give investors an increasingly attractive alternative to risk assets, according to Delphi Digital.  Delphi pointed to Bitcoin‘s 43% third-quarter gain and third consecutive weekly advance, but warned that “the grind higher is happening against real resistance.” This resistance includes the Federal Reserve’s September rate hike and Treasury yields at multi-decade highs.  However, Vanessa Grellet of Arche

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DWF Labs Subsidiaries Sue BitGo for $141 Million Over Early Token Sales

In briefDWF Maas and Falcon Digital, two firms tied to market maker DWF Labs, sued custodian BitGo for $141 million in Londons High Court, alleging it sold locked-up tokens early in breach of a private OTC deal.The firms say BitGo got the tokens at a discount on a pledge not to sell before vesting, then moved them to exchanges early.Both parties have ties to Trump-backed World Liberty Financial.  Two companies tied to crypto market maker DWF Labs have taken BitGo to court, alleging the custodian dumped locked-up tokens early and tanked their value, in a $141 million dispute now before Londons High Court.  DWF Maas and Falcon Digital filed the suit, the Financial Times reported Friday, accusing BitGo of breaching the terms of a private, over-the-counter deal involving Falcon Finance (FF) and ESPORTS tokens.  Myriad: Who wins the midterm elections? Click to make your prediction.  According to the reporting, BitGo had received the tokens at a discount in exchange for a commitment not to sell them until lock-up and vesting periods expired, but instead moved them to exchanges roughly two months before the first unlock.  DWF argues that selling into a thin market created heavy downward pressure, eroding the value of the tokens it still

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New York AG Secures Up to $35M and Industry Ban From Ex-Celsius CEO Alex Mashinsky

In briefNew York Attorney General Letitia James has permanently barred former Celsius CEO Alex Mashinsky from the securities, commodities and crypto industries.The settlement secures up to $35 million, payable only if Mashinsky fails to forfeit $10 million more or does not serve his full prison sentence.Mashinsky is serving 12 years in federal prison after pleading guilty to fraud, and has asked a court to vacate the sentence.  New York Attorney General Letitia James has permanently barred former Celsius Network CEO Alex Mashinsky from the securities, commodities and crypto industries, and secured up to $35 million from him, her office announced Friday.  The payments are conditional, with Mashinsky required to pay New York $25 million if he fails to forfeit a further $10 million in ill-gotten gains to the federal government under his plea agreement, and $10 million if he does not serve his full prison sentence.  Were barring Alex Mashinsky, the former CEO of Celsius, from the financial industry after he promised New Yorkers that his company was a secure place to invest their savings, only to leave them penniless.  I wont allow scammers to prey on unsuspecting New Yorkers. https://t.co/c4WYcFbKEi  — NY AG James (@NewYorkStateAG) October 9, 2026  Mashinsky has asked a court to vacate

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OpenAI, Google and Meta battle for AI internet domains as crypto firms target .bitcoin and .wallet

OpenAI, Google, and Meta are competing for AI-related internet domains as cryptocurrency firms pursue their own digital naming rights.  Related Company OpenAI AI research and deployment company  The three technology companies are among 13 applicants seeking control of the .agent domain extension, making it one of the most contested names in the latest expansion of the internets address system.  The competition emerged after the Internet Corporation for Assigned Names and Numbers (ICANN) revealed 1,615 applications on Oct. 7, marking the first application round for new generic top-level domains since 2012.  Related Company Google An American multinational technology company  OpenAI submitted applications for 15 extensions, including .agent, .agi, .asi, .gpt, .model, .skill, .voice and .mcp, according to the application records.  Alphabets Google is competing for several of the same names, including .agent and .mcp, while Meta is pursuing .agent alongside extensions associated with its artificial intelligence products.  The competition extends beyond individual brands. Seven applicants are seeking .agi, a reference to artificial general intelligence, while five applications target .mcp, the abbreviation for Model Context Protocol, a standard developed by Anthropic for connecting AI applications with external tools and data.  Related Company Anthropic AI safety and research company  Anthropic itself applied for just two extensions, .anthropic and .claudeleaving the contested .mcp

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Bitcoin Price Breakout May Hinge on US Debt Fears: Coinshares

Bitcoins next breakout could depend on demand driven by concerns about U.S. public finances, Coinshares suggested Thursday in a market analysis. Fund withdrawals and a price retreat have challenged that outlook, despite the monetary appeal of assets outside government control.  Key TakeawaysCrypto fund flows cooled after $11.1 billion arrived since mid-July.Expanded Treasury buyback limits remain in effect through Nov. 4.Bitcoin ETFs lost $487.07 million on Oct. 7 as buying weakened.  U.S. Debt Fears Put Bitcoins Monetary Role in Focus  Concerns about U.S. public finances could attract investment into assets outside government control, according to Coinshares. James Butterfill, head of research at the digital asset investment firm, outlined that conditional outlook in an Oct. 8 market update. His bitcoin breakout argument centers on fiscal sustainability, the governments ability to meet its long-term financial obligations.  Higher bond yields typically make interest-paying alternatives more attractive and tighten financial conditions, meaning the cost and availability of credit. A yield measures a bonds annualized return implied by its price.  Butterfill argues that borrowing costs driven by fiscal anxiety may instead encourage allocations, or portions of portfolios, to decentralized digital assets, which operate without a single controlling issuer. Their blockchain networks maintain shared records of ownership and transfers, unlike sovereign currencies

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Bitcoin consolidates near $82.5K as crypto weathers Ledger theft reports

Bitcoin (BTC) sought to avoid fresh losses on Friday as crypto markets digested reports of an exploit affecting Ledger hardware wallets.  Key points:Bitcoin rebounded from local lows of $80,350 to reclaim $83,000 at the Wall Street open.Crypto markets avoided significant selling pressure following reports of funds being stolen from Ledger hardware wallet users.BTC/USD continued to trade around $82,500 as traders looked ahead to the weekly close.  BTC price rebounds to $83,000 despite Ledger theft reports  Data from TradingView showed BTC/USD hovering around the key $82,500 support level on Friday.  BTC/USD one-hour chart. Source: Cointelegraph/TradingView  After dropping to $80,350 on Thursday, BTC/USD saw fresh buyer interest as rolling 24-hour crypto liquidations passed $1 billion.  The latest data from CoinGlass showed spot price cutting through ask-side liquidity on exchange order books, with that liquidity thickening around $84,000.  BTC liquidation heatmap. Source: CoinGlass  US stocks opened higher Friday as technology shares rebounded from selling earlier in the week. The recovery included the tech-heavy Nasdaq Composite Index, which CNBC reported had come under pressure following weaker-than-expected earnings projections from OpenAI.  “The sell-off reflected extreme positioning imbalances that have further to unwind in our view, which is why the whole AI-linked tech stock complex is unlikely to simply stage a sharp, V-shaped rebound,” the

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XRP ETF Buyers Are 13% Underwater, Yet Inflows Keep Coming

XRP price trades near $1.40, down about 8% over the past week and 11% below its September 23 high.  Yet XRP holders are not rushing to sell. Coins keep leaving exchanges, and ETF buyers sitting on losses keep adding.  Exchange Outflows Are Holding Steady  Glassnodes Exchange Net Position Change tracks how much XRP left or entered exchanges over the past 30 days. A negative reading means more coins left than arrived.  Around September 25, with XRP near $1.57, the metric stood at about −1.53 billion XRP. On October 8, with XRP near $1.38, it read −1.58 billion XRP.  XRP Exchange Net Position Change: Glassnode  So outflows held steady through the drop. Had holders rushed to sell, deposits would have jumped and pulled the reading toward zero. That has not happened, which suggests most holders are sitting tight.  Fund buyers show the same patience.  ETF Buyers Are Underwater but Still Adding  Since launch, investors have put $1.80 billion of cash into spot XRP ETFs, per SoSoValue ETF data. Inflows even hit a 2026 record in August. The funds used that cash to buy XRP.  XRP now trades below the price paid for much of it. So on October 8, the XRP they hold was worth $1.56 billion, about 13% less than

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Locked liquidity did not stop this $14 million crypto pool drain

The PancakeSwap pool for 79AU, 79thVaults token, lost $14.35 million in USDT on Oct. 7 through two selling wallets, according to a Bitquery investigation published Oct. 8.  Bitquery found that 79% of the pools liquidity-provider receipts had been burned. But a permission inside 79AU let tokens leave the pool without payment. Those tokens were then sold back for USDT, bypassing the need to redeem a liquidity receipt.  PancakeSwap‘s V2 documentation describes LP tokens as receipts representing a provider’s share of a pool. They are separate from the two assets traders exchange inside it.  Related Company PancakeSwap Company profile  The exchanges liquidity guide describes ordinary redemption: a provider selects a share to remove and receives both paired tokens. Sending receipts to an inaccessible address prevents their redemption. It does not disable swaps, since trading exchanges the underlying assets without cashing in a liquidity position.  In PancakeSwap‘s archived pair contract, separate operations handle LP redemption, swaps and updating recorded reserves to match token balances. The swap operation checks token input without consuming LP receipts. The reserve-update operation reads balances from the underlying token contracts. Burning LP receipts does not rewrite those contracts’ balance rules or revoke a privileged addresss token permissions.  What remained exposed  At 12:53 UTC on Oct.

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