‍WazirX Resumes Operations After $234M Hack, Offers Zero Trading Fees Indian cryptocurrency exchange WazirX is set to resume operations on October 24, over a year after a $234 million hack. A Singapore court-approved restructuring plan, backed by 95.7% of creditors, aims to restore access for its 6.6 million users. The platform is launching with zero trading fees. Operations will be phased, with INR withdrawals already live and crypto trading/withdrawals commencing October 27. Security has been enhanced through a partnership with BitGo for insured custody. Users may recover 75-80% of frozen balances via Recovery Tokens, though some report discrepancies. Industry reactions are mixed, with concerns over transparency and past governance failures persisting, alongside optimism for rebuilding trust in the Indian crypto space.
‍Ripple Co-founder's $764M XRP Profit: Implications for Price Ripple co-founder Chris Larsen has realized over $764 million in profits from XRP sales since 2018. This activity has drawn attention, with some analysts observing a pattern of "cashing out near local highs." While Larsen recently confirmed a 50 million XRP transfer for investment, his substantial remaining holdings suggest potential future outflows. Analysts note XRP is trading 34% below multi-year highs, with key levels like the 200-day SMA at $2.60 needing to be reclaimed for a recovery. Technical indicators like RSI and MACD offer some bullish signals.
‍Aster Launches 'Rocket Launch' Program for Early Crypto Access Aster, a decentralized trading platform, has introduced its "Rocket Launch" initiative, designed to boost liquidity and trading activity for early-stage cryptocurrency projects. This program offers users early access to emerging on-chain opportunities and rewards them for trading designated token pairs. The inaugural campaign features APRO ($AT), an AI-enhanced oracle. It provides a reward pool of $200,000 in $ASTER and additional $AT tokens. Participation requires holding a specified amount of $ASTER. The campaign runs from October 24 to November 6, 2025.
‍Ethereum Whales Accumulate $32M ETH as Market Shifts Signal New Preferences Recent data reveals a notable surge in Ethereum accumulation by large investors, with a new wallet purchasing $32 million worth of ETH. This follows substantial corporate acquisitions, adding to institutional interest. Meanwhile, Solana sees significant distribution, with one whale transferring $93 million worth of SOL. Bitcoin whales are executing profitable short trades, with BTC potentially entering an undervalued zone. Key takeaways: • Ethereum's institutional adoption is accelerating. • Solana faces re-evaluation from whales. • Bitcoin whales are executing profitable trades.
‍EU Imposes Landmark Crypto Sanctions, Targets Russian Stablecoin A7A5 The European Union has adopted its 19th sanctions package, directly targeting cryptocurrency platforms and services for the first time since the war began. These measures outlaw Russia-based crypto payment providers and the distribution of related software within the EU. Crucially, the package includes a bloc-wide ban on the A7A5 ruble-backed stablecoin, identified as a tool for financing activities supporting the war. The EU's strategy aims to dismantle the infrastructure supporting illicit financial flows, extending to entities in Tajikistan, Kyrgyzstan, Hong Kong, and the UAE accused of aiding Moscow in bypassing restrictions.
‍KuCoin Launches KuPool, Expanding into PoW Mining Crypto exchange KuCoin has launched its mining pool service, KuPool, entering the proof-of-work mining sector. Initially supporting Dogecoin (DOGE) and Litecoin (LTC), KuPool plans to add Bitcoin (BTC) support soon. The service emphasizes a trust-based verifiable hash rate mechanism for transparent reward distribution. KuPool aims to be accessible to both new and experienced miners, with plans to support additional PoW and merged mining assets like BELLS.
‍Reddit Sues Perplexity AI, Highlighting Web3's Data Ownership Future Reddit's federal lawsuit against Perplexity AI over alleged unlawful data scraping for AI training underscores a critical issue: who owns user-generated content in the digital age. This case highlights the exploitative potential of centralized Web2 models, where platforms profit from data without direct user compensation. Web3 offers a transformative alternative with decentralized data marketplaces, tokenized content, Data DAOs, and self-sovereign identity, empowering users with control and fair reward for their contributions. This legal battle may accelerate Web3 adoption for ethical data ownership and AI development.
‍Monexis Revolutionizes Crypto Trading with Personalized Strategies Monexis is expanding its advanced, data-driven trading strategies to the cryptocurrency market. The platform offers customized trading systems focused on risk management and accessibility for all traders. Recognizing the crypto market's volatility, Monexis provides an integrated suite of strategies designed for efficiency and intuition. Traders can execute trades, monitor positions, and adjust strategies in real-time via a user-friendly interface. Each plan is tailored to individual goals, risk tolerance, and experience, moving beyond generic systems. Monexis emphasizes strategic entry and exit points, employing technical and fundamental analysis to identify high-probability opportunities and minimize guesswork. Risk management is central, with tools for stop-loss levels, position sizing, and risk-reward ratios, promoting capital preservation and disciplined trading. For new traders, Monexis allows following seasoned professionals with automated trade execution, democratizing access to expert insights.
‍LBank Celebrates 10th Anniversary with Global Carnival, Driving Platform Growth LBank's 10th Anniversary Carnival, launched October 15th, has attracted over 50,000 participants across 160 countries, generating 10 million impressions. The campaign features a Lucky Draw, Trade Like a Champion, and Bonus Pro tracks, offering rewards including BTC, ETH, SOL, and iPhones. The event has spurred significant platform growth: website visits increased by 20% quarter-over-quarter, reaching 13 million. Daily trading volume surpassed $10.5 billion, with futures trading seeing a 92.3% quarterly rise, the fastest among leading exchanges. Analysts credit the campaign's success to LBank's focus on system stability, risk management, and community operations, signaling a strategy for sustainable global expansion.
‍HTX Reports Strong Q3 2025 Amidst Crypto Market Downturn HTX has demonstrated remarkable resilience in Q3 2025, defying the broader cryptocurrency market's challenges. The exchange reported a 25% surge in trading volume and a 13% increase in new registrations, growing user assets to $6.87 billion. New listings saw significant success, with ASTER surging 400% post-listing. The exchange also executed a record $HTX burn, removing over $27 million worth of tokens from circulation. HTX continues to enhance user experience and security, including successful interception of fraudulent withdrawals totaling over $1.29 million. Founded in 2013, HTX remains a leading gateway to Web3.