Ledger Reveals New Twist in Crypto Wallet Draining Saga, Says Scope Is Limited

French firm Ledger said in an Oct. 11 statement that it has only identified cases of the Oct. 9 crypto theft with devices that were bought from CryptoBilis, an authorized reseller for Southeast Asia.  “The number of impacted devices is limited,” Ledger said without revealing the precise number of compromised wallets.  The firm also emphasized that the incident did not affect its systems or direct sales.  Meanwhile, Ledger is collaborating with the appropriate authorities to determine how the thefts occurred. The company is also contacting the affected customers.  The new statement comes as reports suggest that a significant amount of cryptocurrency has been lost. Blockchain investigators estimate the potential losses to be over $86 million, though the figure has not been confirmed yet.  Unauthorized hardware implant found  This is the latest in a series of concerning findings related to the ongoing investigation.  As previously reported, Ledger said that it found an unauthorized hardware implant on one of the compromised customers devices. This has led to fears that some wallets may have been altered before they were delivered to customers.  However, investigators are still determining whether the same changes caused all the reported thefts.  Following the incident, CryptoBilis announced that it has halted sales of all hardware wallets until further

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Some Aave loans sit near liquidation with collateral that can take hours to cash out

Some Aave loans backed by yield-bearing collateral had narrow liquidation buffers in LlamaRisks Oct. 9 snapshots. Every top PT-AUSD supplier on Monad carried debt, while two syrupUSDC positions accounted for about 97% of supplied syrupUSDC on Arc. Cashing out the collateral involves a market sale or, for Arc holders choosing Ethereum redemption, a withdrawal queue that can take hours.  The two markets present separate versions of the same cash-flow problem. If a borrower becomes eligible for liquidation, a liquidator supplies the borrowed stablecoin, receives collateral and then recovers cash from it. December PT-AUSD requires a sale before maturity. Arc syrupUSDC offers a local sale or a bridge to Ethereum for redemption. An oracle valuation establishes collateral value within Aave; the exit determines what the liquidator can recover.  The Oct. 9 reviews of Monad and Arc recommend larger caps, making the economics of those exits consequential as borrowers seek room to grow.  Related Asset Ethereum ETH · $2,533.25 24-hour change: up 0.86%  Aaves health factor compares collateral value, adjusted for liquidation thresholds, with debt. A position becomes eligible for liquidation below 1. The top Monad PT suppliers had health factors between 1.01 and 1.18, with a median of 1.03, in the Oct. 9 snapshot. USDC

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Could the New SpaceX Debt Trigger Ray Dalio's AI Bubble Burst Warning?

SpaceX is seeking $40 billion in new debt to buy Nvidia chips. The request lands days after billionaire Ray Dalio said borrowing for AI has pushed markets close to a bubble burst.  The space company raised nearly $86 billion in its June stock market debut. Weeks later, it sold another $25 billion in bonds.  Sponsored  Sponsored  Why Ray Dalio Says the AI Bubble Is Close to Bursting  Dalio, who founded hedge fund Bridgewater Associates, called AI a “classic bubble” at a Forbes conference in Singapore on Wednesday.  His concern is debt and rising rates. Investors with paper gains eventually sell to raise cash, and Dalio said that is where bubbles usually break.  “We‘re in the part of the cycle that is before that but approaching that. I think we’re close to that,” he said.  How Much Is SpaceX Borrowing for AI?  Since absorbing Elon Musks AI firm xAI in February, SpaceX spends more on AI than its rocket and Starlink businesses earn. The new package would include $10 billion in bank loans and $30 billion in bonds, per the FT.  Sponsored  Sponsored  BREAKING: Elon Musks SpaceX is in talks to raise $40 Billion in debt to buy Nvidia chips, per FT.  The financing could include $10 billion in bank loans and $30 billion

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Bitcoin Could Be Entering a New Bull Market Despite Latest Sell-Off

Despite the market dip and liquidations over the past week, Bitcoin has seemingly entered a bull market, as the analysis of its 50-week moving average shows.   BloFin Research argues that Bitcoins traditional four-year boom-and-bust cycle is gradually losing strength. Future rallies could deliver smaller gains, followed by shorter and less severe downturns.  Why Bitcoins Bear Market May Already Be Over  The strongest evidence comes from Bitcoins recovery above its 50-week moving average, a technical indicator that previously signaled bull-market transitions in 2015, 2019 and 2023.  Bitcoin reclaimed this level near $78,800 in September. It subsequently traded above $86,000 in early October.  Meanwhile, Bitcoins MVRV ratio, which compares its current market value with the average price investors paid for their coins, moved above its annual average.  As of October 11, MVRV stood near 1.54, above its 365-day average of 1.44. This suggests the longer-term recovery remains intact despite recent selling.  It means Bitcoins market strength is improving, a signal that has previously appeared during the early stages of bull markets.   Bitcoin MVRV Ratio. Source: GlassnodeBitcoins Historic Crashes Are Getting Smaller  BloFins most significant finding concerns the declining severity of Bitcoins market cycles.  Bitcoin fell approximately 53% from its October 2025 peak of $124,824 to $58,525 in June 2026.  Previous bear

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XRP’s next Wall Street expansion comes with an unexpected complication from Ripple

Evernorth is preparing to begin trading on Nasdaq on Monday, bringing approximately 473 million XRP into a publicly traded treasury company.  Related Asset XRP #5 XRP · $1.41 24-hour change: up 0.26% Loading price history… 24H Up 0.26% 7D Down 6.40% 30D Up 4.11%  The company completed its merger with Armada Acquisition Corp. II on Oct. 9 and expects its shares to trade under the ticker XRPN on Oct. 12. It also reported approximately $300 million in gross cash proceeds before transaction expenses, backed by investors including Ripple, SBI Group, Pantera Capital, Kraken, and GSR.  The listing gives stock-market investors access to one of the largest corporate XRP treasuries while establishing a new source of capital for the XRP Ledgers expanding financial ecosystem.  Related Company Nasdaq An American stock exchange  Evernorth targets XRP liquidity and institutional finance  Evernorth intends to distinguish itself from traditional crypto treasury companies that primarily accumulate digital assets and rely on price appreciation to generate shareholder returns.  Related Company Ripple Financial technology and enterprise blockchain company  Instead, Chief Executive Officer Asheesh Birla said the company would actively deploy capital across the XRP ecosystem, supporting infrastructure and financial applications while pursuing strategies designed to increase XRP holdings per share.  The strategy includes institutional and decentralized finance

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Lightning apps using unpatched LDK risk Bitcoin theft from a reconnect lie

Lightning Development Kit (LDK), a library for building Bitcoin Lightning wallets and payment applications, has patched a flaw that could let a malicious channel peer steal the value of a forwarded payment by lying after reconnecting. Affected application developers need to incorporate the fix into the software they deploy.  Related Asset Bitcoin #1 BTC · $83,594.83 24-hour change: up 0.78% Loading price history… 24H Up 0.78% 7D Down 2.05% 30D Up 8.54%  The October 1-dated v0.2.7 and v0.1.13 security releases address the LDK reconnect vulnerability on the 0.2 and 0.1 branches, respectively. Bitcoin Optech described the fixes in its Oct. 9 newsletter.  How the LDK reconnect flaw could cost Bitcoin  The attack starts with a channel peer acknowledging an update, then reconnecting and pretending it never received it. Before the fix, that false claim could cause LDK to sign a conflicting commitment transaction.  A commitment transaction represents a channels agreed state and can be used to settle it on Bitcoins blockchain. In the scenario described in PR 5057, the newly signed transaction was not recorded by LDKs channel monitor, the component tracking the channels on-chain claims.  That gap could turn a forwarded payment into a loss. The malicious sender could confirm the transaction on-chain and let

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Saylor teases Strategy Bitcoin buying after ending September with STRC buybacks

Strategy chair Michael Saylor teased investors watching Sunday for a signal of the company‘s recent Bitcoin purchases with the message “There’s always room for more orange,” in a post on X.  However, any official notification via a filing with the US Securities and Exchange Commission wont likely come before Tuesday, as federal offices will be closed on Monday for the Columbus Day holiday.  Strategy ended September by spending more than six times its weekly Bitcoin (BTC) buying budget on its repurchases of one of its preferred stocks. Strategy bought 334 Bitcoin (BTC) for $28.7 million between Sept. 28 and Oct. 4, bringing its holdings to exactly 848,000 BTC, according to an Oct. 5 8-K form SEC.  Over the same period, Strategy repurchased about 1.77 million shares of its STRC preferred stock for $176.3 million.  Raise cash now, buy Bitcoin later  To be sure, Strategys recent moves could be read as an indication that management can build up cash now and spend it on BTC later.  Independent analyst Shanaka Anslem Perera on Saturday noted that Strategy raised $5.41 billion from new common shares in the third quarter and ended the period with 1,666 more BTC than it held at the end of June.  In his monthly newsletter on

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Bitcoin Price Eyes $85K, but Momentum Has Yet to Show Up

Bitcoins price is holding near $83,770 on Oct. 11, 2026, after recovering from a recent low of $80,308, but the climb toward $84,000 is proving difficult. Short-term moving averages paint a mixed picture, while longer-term indicators remain largely positive. Oscillators suggest momentum has yet to catch up with the recovery, leaving bitcoin caught between improving technical conditions and resistance that continues to frustrate bullish ambitions.  Key TakeawaysBitcoins price trades near $83,770, with resistance between $83,900 and $84,200 limiting its latest recovery.Bitcoins RSI sits at 52, while negative momentum signals suggest the rebound still lacks confirmation.Bitcoin remains above its longer-term averages, but losing $82,500 could expose the $80,308 low.  Bitcoin‘s price is knocking on the door of $84,000, but the technical picture suggests the bulls haven’t quite found the key. Trading at $83,771.70, the leading cryptocurrency has advanced 0.9% over the past 24 hours, with its $1.683 trillion market capitalization reflecting a market that has recovered some ground without establishing a convincing breakout.  The latest readings reveal an interesting contradiction, as bitcoin trades above several important short-term exponential averages while remaining beneath comparable simple averages, creating a technical tug-of-war that could determine whether the recovery gathers momentum or runs out of steam.  Bitcoins Hourly Chart

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Tokenized Stocks Show Real Demand But Remain Volatile and Illiquid, IMF Finds

In briefThe IMFs latest Global Financial Stability Report found that more than 50% of tokenized stock trading occurs outside regular U.S. market hours, and about 80% of trades are for less than one share.Traditional stocks absorbed 87% to 99% of overnight tokenized price moves at the open, but tokenized equities were about 1.5 times more volatile and less liquid.The IMF said systemic risks remain limited for now and urged regulators to consider circuit breakers for 24/7 trading.  Tokenized stocks may be a small market, but their traders arent keeping Wall Street hours.  More than half of tokenized equity trading happens outside regular U.S. market hours, according to the International Monetary Funds latest Global Financial Stability Report. About 80% of trades involve less than a full share, a sign of strong demand for fractional ownership among retail investors.  Myriad: How low will Bitcoin go? Click to make your prediction.  Tokenized stocks are blockchain-based tokens that track the shares of publicly traded companies. The IMF studied the five most liquid tokenized U.S. equities, including tokens tracking Tesla, Nvidia, and the S&P 500, across 11 trading venues over 365 days.  The data suggest onchain prices carry real information. When markets reopened, traditional shares absorbed 87% to 99% of

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Some Kraken futures limit orders can still fill after a successful cancel

Some Kraken futures limit orders can still execute after a successful cancellation if the cancel arrives during the Maker Protection hold window. Kraken expanded the system on Oct. 8, bringing that order-handling rule to more contracts.  Related Company Kraken San Francisco based digital asset exchange  Kraken completed Phase 2 after announcing 61 additional perpetual contracts. Maker Protection applies to selected futures markets; Krakens documentation describes an initial 20-millisecond hold.  What a Kraken futures cancellation changes  Maker Protection holds orders that can take liquidity before they reach the matching engine, giving traders with resting orders time to react. A limit order without a post-only instruction is held on a covered market even if it would otherwise have rested on the book.  A cancel inside that window changes what the order may leave behind. Kraken converts the held placement to immediate-or-cancel, meaning it can trade when released but cannot leave an unfilled remainder on the book. The original hold expiry stays the same.  For example, a trader submits a non-post-only limit order and cancels before the hold expires. The cancel request bypasses the delay and converts the held placement to immediate-or-cancel. At the original release time it can still fill; any unfilled amount is discarded.  Kraken reports those instructions

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