Finance and Business News page 13

The completed deal gives XRP its first major corporate treasury vehicle trading on a US exchange. Evernorth has completed its merger with a special purpose acquisition company, according to CryptoPotato and CoinGape. The deal gives the Ripple-backed firm a listing on the Nasdaq exchange.

The Department of Justice is examining whether Binance complied with the terms of its $4.3 billion settlement reached in 2023. The U.S. Department of Justice is scrutinizing Binance over its adherence to the terms of a $4.3 billion settlement reached in 2023.

A senior EU tech official argues current rules already cover worst-case artificial intelligence scenarios. A senior European Union technology official has said the bloc's AI Act is equipped to handle risks posed by rogue artificial intelligence systems.

The proposed rule would bring platforms like Polymarket and Kalshi under swap market oversight, including sports event contracts. The Commodity Futures Trading Commission has proposed a new swap definition designed to regulate prediction markets more directly. The proposal would classify many event contracts, including those tied to sports outcomes, as swaps under federal law.

Measures of day-to-day price movement have declined even as sharp, outsized swings occur more often than during Bitcoin's earlier bull cycle. Bitcoin's volatility profile is shifting in a way that looks contradictory at first glance. Standard measures of day-to-day price movement have declined over time.

Bitcoin.com News reports a growing, unexplained figure tied to Ledger hardware wallet users as details remain unverified. Bitcoin.com News reported on October 10 that suspected losses tied to Ledger hardware wallets have reached $93.4 million.

The finding lands as European regulators debate whether stablecoin holders should be allowed to earn rewards. Visa has published survey results showing that nearly half of consumers in the Asia-Pacific region are likely to use stablecoins.

The brief freeze halted swaps on the cross-chain network, renewing debate over how decentralized such platforms really are. Tether froze about $1.45 million worth of USDT held in TRON-based vaults connected to THORChain on October 9, according to multiple reports.

Sam Altman-backed startup adds fresh capital to expand bitcoin-denominated insurance products. Meanwhile, a bitcoin insurance company backed by OpenAI chief executive Sam Altman, has closed a $37.5 million funding round. Bain Capital Crypto led the investment, according to reports from CoinDesk and crypto.news.

The research firm argues that tokenized real-world assets and AI agents are turning crypto into a fundamentals-driven trade. Citrini Research has published a list of five tokens it believes are well placed to capture growth from asset tokenization. The firm names AAVE, UNI, ETHFI, PENDLE and ONDO as its preferred exposures to the trend.

A federal court ordered the operator to surrender bitcoin now valued at roughly $101 million, alongside a four-decade prison term. A dark web marketplace founder has received a 40-year prison sentence following a federal prosecution tied to illicit online sales. As part of the sentencing agreement, the operator consented to forfeit 1,230 bitcoin.

Graham Moore, creator of The Altruists, defends his portrayal of FTX's founders as critics question Netflix's choice to revisit the collapse Graham Moore, the writer behind Netflix's new series The Altruists, has said that Sam Bankman-Fried and Caroline Ellison set out to do good when they founded FTX and Alameda Research.

The new infrastructure aims to bring institutional-scale bitcoin lending to the Sui blockchain. A new piece of infrastructure designed to power bitcoin lending is preparing to launch with $500 million in commitments already secured. The project, known as Hashi Network, is built on the Sui blockchain, according to reporting from CoinDesk and UNLOCK Blockchain.

The exchange is narrowing its Brazil offering as local crypto rules tighten. Binance is scaling back its presence in Brazil, restricting eight services and delisting 22 tokens for local users. The changes were reported by Coinfomania, crypto.news and U.Today, all pointing to a deliberate narrowing of the exchange's Brazilian product lineup.

The EU securities regulator wants crypto platforms to wind down exposure to stablecoins that fail to meet bloc rules within three months. The European Securities and Markets Authority, known as ESMA, has given crypto firms in the European Union three months to exit stablecoins that do not meet regulatory standards.

Developers are seeking access to an AI-driven tool designed to catch security flaws before hackers do Crypto projects have begun applying for access to a new security scanning tool developed by Anthropic, according to reports from Cointelegraph and crypto.news.

The recovery followed easing geopolitical tension and a drop in crude oil prices. Bitcoin recovered to roughly $82,000 on Thursday after President Trump ruled out military action against Iran. The statement eased concerns that had weighed on global markets in recent days.

Lawmakers also advanced a measure letting investors carry crypto losses forward for up to ten years. A committee within the French parliament has approved a set of crypto-related tax measures intended for inclusion in the country's 2027 budget.