‍Trump's China Tariff Threat Triggers Crypto Sell-Off Leading cryptocurrencies, including Bitcoin and Ethereum, experienced a sharp decline following former President Donald Trump's proposal of substantial new tariffs on Chinese goods. Bitcoin dropped below $119,000, while Ethereum and Solana saw significant hourly losses. This downturn led to substantial liquidations, with over $459 million in positions liquidated in one hour. The crypto market's reaction mirrored declines in traditional stock markets, highlighting the growing interconnectedness with global macroeconomic and geopolitical events. Investors are reminded of the importance of staying informed on global developments impacting market sentiment and liquidity.
‍MAS Delays Crypto Capital Rules for Banks to 2027 The Monetary Authority of Singapore (MAS) has postponed new crypto prudential standards for banks from January 1, 2026, to the start of 2027. This decision acknowledges industry concerns regarding timing and the treatment of blockchain assets, aiming for global regulatory alignment. The updated rules, based on Basel Committee standards, will require banks to hold capital reserves against crypto exposures. Higher-risk assets on public blockchains will face higher requirements, while stable cryptoassets may receive favorable treatment. Extremely volatile assets could necessitate capital buffers up to 1,250%. The delay is intended to foster responsible innovation and ensure Singaporean institutions remain competitive globally, especially as other hubs like Hong Kong, the EU, and UAE embrace digital assets.
‍CoinSwitch Recovers Millions in Assets Frozen on WazirX Following Landmark Ruling The Bombay High Court has ruled in favor of CoinSwitch, allowing the exchange to recover approximately $5.4 million in assets previously frozen on WazirX. This decision follows a major hack on WazirX and establishes a precedent for custodian accountability. The court rejected WazirX operator Zanmai Labs' attempts to deflect responsibility, affirming that custodians are accountable for safeguarding assets. The ruling also dismissed a proposed loss-sharing scheme, protecting CoinSwitch's non-breached assets. This judgment reinforces the principle that users' assets should not be eroded due to security lapses.
‍Kalshi Secures $300M Funding, Valued at $5 Billion Amidst Expansion Kalshi, a prominent prediction market platform, has announced a $300 million funding round, boosting its valuation to $5 billion. This significant investment underscores growing investor confidence in platforms that allow users to wager on real-world events, with plans to expand into 140 countries. The prediction market sector is seeing increased competition, with Polymarket recently securing a $2 billion investment. While Kalshi is not yet fully on-chain, it plans to expand its on-chain capabilities, a key differentiator for crypto enthusiasts. These developments signal a maturing market with immense potential for DeFi integration, enhanced transparency, and global accessibility within the Web3 economy.
‍Shuffle Platform Suffers Major Data Breach via Third-Party Provider Crypto betting platform Shuffle has announced a significant data breach, exposing user personal information. The incident originated from a compromise of its CRM provider, Fast Track, potentially revealing email addresses and communication records. The founder, Noa Dummett, confirmed the breach and stated an investigation is underway. This highlights the heightened risks for crypto users, as leaked data can facilitate sophisticated phishing attacks and social engineering schemes. Unlike traditional finance, crypto transactions are irreversible, making successful scams lead to permanent asset loss. The industry has seen multiple data compromises, including incidents involving Discord, Crypto.com, Bitcoin Depot, and Coinbase. Furthermore, data leaks can escalate to physical threats, such as "$5 wrench attacks," where individuals are coerced into revealing private keys or transferring funds. This underscores the critical need for enhanced security measures and decentralized solutions within the crypto ecosystem. Vigilance and independent verification are paramount for users to protect their digital assets and personal safety.
‍IncomRWA Launches to Integrate Trade Finance Yields into DeFi IncomRWA, a new Real-World Asset (RWA) protocol, has launched, offering USD-denominated yields backed by global trade receivables. This protocol aims to provide sustainable, low-risk returns to the DeFi community by tokenizing traditional trade finance, an asset class historically inaccessible to retail and Web3 users. The platform addresses the DeFi sector's need for predictable, uncorrelated returns and supports underserved SMEs by providing liquidity through invoice financing. Unlike other RWA protocols focusing on bonds or real estate, IncomRWA specializes in trade receivables finance, offering users reduced exposure to crypto market volatility. The native $iRWA token enables staking for stablecoin yields and serves as a governance token. IncomRWA aims to democratize access to institutional-grade trade finance yields, bridging traditional finance and decentralized finance.
‍Eightco Pioneers Enterprise AI Authentication with Worldcoin Integration Eightco Holdings Inc. has launched a significant initiative to revolutionize enterprise authentication, particularly for AI integration. The company aims to be a crucial global layer for corporate trust and verification in an increasingly AI-driven world. The initiative addresses the growing need for scalable human-proof authentication as trillions are invested in AI development. Eightco's pilot program focuses on identity and verification solutions, creating a universal framework for digital identity. Significantly, Eightco integrates blockchain principles with a unique Worldcoin treasury strategy and Proof of Human (PoH) focus. The company is backed by prominent crypto investors including Coinfund, FalconX, Kraken, Pantera, and GSR, signaling strong support for its blockchain-aligned vision.
‍Bybit PWM Delivers Strong Double-Digit Returns Amidst Market Volatility Bybit's Private Wealth Management (PWM) division achieved significant success in September 2025, with its top-performing fund delivering a 19.45% APR. This accomplishment occurred during a period of market fluctuation, highlighting the effectiveness of Bybit PWM's sophisticated strategies. Flagship USDT-based strategies constituted 68% of the portfolio, consistently yielding double-digit average returns over the past quarter. Jerry Li, Head of Financial Products & Wealth Management at Bybit, noted the increasing demand for stable returns from institutional investors and high-net-worth individuals.
‍Arthur Hayes: Bitcoin's 4-Year Cycle is Dead, Fiat Liquidity is King Crypto veteran Arthur Hayes challenges the traditional 4-year Bitcoin cycle, arguing that market peaks and troughs are driven by fiat liquidity, not just halving events. In his analysis, past drawdowns correlated with monetary tightening, while expansions aligned with bull phases. Hayes believes lower interest rates, quantitative easing, and increased money supply will now govern the market, leading to shallower, liquidity-driven pullbacks. He draws a parallel to gold's bull run from 2004-2010, suggesting Bitcoin's spot ETF approvals could initiate a similar prolonged growth period.
‍SWIFT Launches Blockchain Initiative to Challenge Ripple SWIFT, the established global payments network, is developing its own blockchain-based shared ledger to compete with disruptors like Ripple. This initiative aims to modernize cross-border settlements, offering faster and cheaper transactions. The new system will support regulated stablecoins and tokenized assets, focusing on interoperability across various chains. While SWIFT leverages its vast network and institutional trust, it faces challenges in technical integration, regulatory compliance, and competition from Ripple's established XRP Ledger ecosystem. The rivalry is expected to drive innovation in global finance.