[Bithumb, FIU clash in court over sub-$1K crypto withdrawals]

South Korea’s financial authorities and crypto exchange Bithumb clashed in court over a six-month partial business suspension imposed on the exchange, Hankyung reported.

On Oct. 22, the Seoul Administrative Court’s Second Administrative Division held the first hearing in Bithumb’s suit seeking to overturn a partial business suspension ordered by South Korea’s Financial Intelligence Unit, or FIU. The two sides disputed whether exchanges were required to verify counterpart exchanges for virtual-asset withdrawals under 1 million won and whether Bithumb knowingly left illegal transactions unchecked. Bithumb argued it had no duty to verify the receiving exchange for small withdrawals, making it difficult to fully block illicit transactions. The FIU countered Bithumb knew of its obligation to ban transactions with unregistered overseas exchanges and still failed to take the necessary blocking measures, amounting to intent or gross negligence.
https://coinness.com/en/news/1172618
See more: https://www.hankyung.com/article/202610229402i

[Bithumb to temporarily suspend ONT, ONG and MBL deposits and withdrawals]

South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals for Ontology (ONT), Ontology Gas (ONG) and MovieBloc (MBL) at 11:00 a.m. UTC today to support a network upgrade.
https://coinness.com/en/news/1172619

[Upbit suspends ONT, ONG and MBL deposits and withdrawals]

South Korean exchange Upbit announced it will temporarily suspend deposits and withdrawals for Ontology (ONT), Ontology Gas (ONG) and MovieBloc (MBL) starting from the time the notice was posted, due to an Ontology network upgrade.
https://coinness.com/en/news/1172620

[Robinhood Chain posts $51M in Q3 revenue, surpassing Ethereum]

Robinhood Chain generated about $51 million in network revenue in its first quarter of operations, surpassing Ethereum’s $41 million, BeInCrypto reported. Ethereum’s revenue fell 35% from the previous quarter.

Over the same period, total revenue across major blockchain networks rose 24% from the previous quarter to about $349 million, marking the first rebound in five quarters, according to BeInCrypto. The increase was driven by Solana’s recovery and the launch of Robinhood Chain, although overall revenue was still down 47% from a year earlier.
https://coinness.com/en/news/1172621

[Aave proposes V3.8 security upgrade for 16 networks]

Aave has proposed a V3.8 upgrade to add reentrancy attack protections to pool accounting processes across 16 networks, CoinDesk reported. The move is aimed at preventing potential security risks, with a formal security audit and governance vote ahead.
https://coinness.com/en/news/1172622

[South Korea’s FSC chief to review tokenized securities trading via crypto exchanges]

South Korea’s Financial Services Commission Chairman Lee Eog-weon said authorities will review whether tokenized securities could be traded using the technology and infrastructure of digital asset exchanges, Edaily reported.

Speaking at a comprehensive parliamentary audit session of the National Policy Committee in Seoul on Oct. 22, Lee said he agreed with the idea’s broader intent after Democratic Party lawmaker Lee Kang-il asked about using digital asset exchange infrastructure for tokenized securities trading. Lee added authorities would also examine market conditions, investor protection, whether licensing units should be integrated, and how to handle concurrent business operations.
https://coinness.com/en/news/1172623
See more: https://www.edaily.co.kr/News/Read?newsId=05451366645615544&mediaCodeNo=257&utm_source=naver&utm_medium=referral&utm_campaign=news_syndication&utm_content=original_article

[Anonymous whale sells $20.6M in BTC, buys ETH]

An anonymous whale sold an additional 246.25 BTC worth $20.64 million and bought 8,286 ETH, according to Lookonchain. Over the past 11 days, the whale has sold 1,917.7 BTC worth $159 million and purchased 64,545 ETH worth $155 million.
https://coinness.com/en/news/1172624

[CoinDCX denies hack allegations tied to wallet stolen in July 2025]

Indian cryptocurrency exchange CoinDCX denied recent hack allegations, saying the latest on-chain activity was linked to a wallet stolen during a hack in July 2025 and has no connection to the exchange now, Cointelegraph reported.

Earlier, Darcy, co-founder of blockchain security firm Salus, said CoinDCX appeared to have lost about $16 million in USDT.
https://coinness.com/en/news/1172625

[Starknet community backs study of independent L1 transition]

Starknet, an Ethereum layer-two network, will examine a potential transition to an independent layer-one blockchain as it prepares for possible quantum-computing attacks, The Block reported.

More than 93.5% of total voting power supported studying the proposal in a seven-day community vote, with more than 2,800 wallets participating. Starknet developer StarkWare plans to release a draft white paper on the topic in November, according to the report. Whether Starknet actually shifts to L1 will be decided through an additional governance vote. StarkWare is aiming to build a security framework capable of responding to quantum-computing attacks by 2027. STRK would remain the native token even if the transition goes ahead, and there are no plans to issue a new token.
https://coinness.com/en/news/1172626

[$431M in crypto futures liquidated over 24 hours amid BTC volatility]

About $431 million in positions was forcibly liquidated across the crypto futures market over the past 24 hours as Bitcoin neared $85,000 before plunging to around $81,800, CoinDesk reported, citing CoinGlass. During BTC’s rise, around $173 million in short positions was liquidated, while after the market turned lower, $210 million of the $222 million liquidated over the past 12 hours came from long positions.
https://coinness.com/en/news/1172627

[Solana-based stablecoins top $5T in year-to-date transfer volume]

Solana-based stablecoins have surpassed $5 trillion in cumulative transfer volume this year through Oct. 22, Crypto Briefing reported, citing Solana’s official account. In September, stablecoin supply on Solana reached a record $17.51 billion, while monthly stablecoin transfers totaled 557 million, the highest among major blockchains.
https://coinness.com/en/news/1172628

[CertiK estimates $820K loss from hack targeting BNB Chain-based NEM token]

Blockchain security firm CertiK said an attack exploiting a smart contract vulnerability in the BNB Chain-based NEM token caused about $820,000 in losses. The hacker targeted the NEM/USDT liquidity pool on decentralized exchange PancakeSwap, exploiting a flaw that treated tokens sent to the pool as sell orders regardless of whether an actual sale took place.
https://coinness.com/en/news/1172629

[BTC could fall to mid-$70K range if it loses $81K support]

Bitcoin is retesting the area around $81,000, the average cost basis for spot ETF investors, on-chain analytics firm Glassnode said on X.

Glassnode said the price level acted as resistance that capped BTC’s rally in May, while last week it helped trigger a rebound after a brief pullback. The firm added that if BTC posts a clear close below $81,000, it could see a further decline into the mid-$70,000 range.
https://coinness.com/en/news/1172630

[BTC faces risk of repeating past market pattern, Bloomberg analyst says]

Bitcoin could face a key risk from a repeat of past market patterns through the end of this year, Bloomberg senior analyst Mike McGlone said, adding that markets should pay close attention to the long-term effects of post-inflation deflation. McGlone said President Donald Trump benefited politically in the 2024 election after shifting from a crypto skeptic to a supporter, while a related chart suggests ties formed with the crypto industry at the time could come under strain.
https://coinness.com/en/news/1172631

[Ki Young Ju says continued fresh capital into BTC makes another bear market unlikely]

Bitcoin’s realized cap has been rising since around Aug. 19, when the price rebound began, indicating fresh capital inflows and leaving little reason to expect another bear market, CryptoQuant CEO Ki Young Ju said.

Ju said stablecoin issuance does not necessarily lead to BTC buying, and funds flowing into futures exchanges can also coincide with falling prices as exchanges may need to secure liquidity to settle profitable positions. While stablecoin liquidity remains important over the long term, the more important question now is who is buying and who is selling, Ju said. Realized cap confirms new money is entering the market, while existing whales have stopped selling, miners are increasing production and sentiment in traditional financial markets remains positive, according to Ju.
https://coinness.com/en/news/1172632

[U.S. OCC drops curbs on third-party stablecoin rewards in GENIUS Act rule]

The U.S. Office of the Comptroller of the Currency removed a provision from the final rule for the GENIUS Act that had sought, in principle, to limit third-party stablecoin reward offerings, CoinDesk reported. Banks raised concerns the move could trigger deposit outflows, while the crypto industry viewed it as a positive step. The OCC has not yet presented detailed regulatory standards and plans to assess related matters on a case-by-case basis.
https://coinness.com/en/news/1172633

[a16z drops 'crypto' from flagship blockchain fund name]

Andreessen Horowitz, or a16z, plans to remove “crypto” from the name of its flagship blockchain fund and broaden its investment scope into other sectors, Unfolded reported. One of the firm’s early founding members is also expected to leave the company.
https://coinness.com/en/news/1172634

[Crypto market awaits fresh upside catalyst, CoinDesk says]

Bitcoin is moving increasingly in line with stocks as the crypto market waits for a new upside catalyst, CoinDesk said.

The outlet said the period when cryptocurrencies consistently outperformed other assets has passed, with correlation to the stock market rising recently. CoinDesk added global macroeconomic conditions still remain a key market variable, while BTC scarcity could serve as a defensive factor during instability in global equities. It also cautioned that spot Bitcoin ETF buying has yet to stabilize, saying sustained ETF inflows are needed to confirm a clear recovery trend.
https://coinness.com/en/news/1172635

[Irish central bank fines Coinbase unit $3.6M over client fund safeguards]

Ireland’s central bank has fined Coinbase’s local subsidiary 3.25 million euros ($3.6 million) for breaches tied to client fund protection obligations, Reuters reported.

The regulator said the subsidiary relied excessively on Coinbase Group in the U.S. for client fund safeguarding operations and had deficiencies in its oversight framework for outsourced work. It also said flaws in system design and insufficient internal control reviews left dedicated client fund protection accounts underfunded for an extended period.
https://coinness.com/en/news/1172636

[Bybit secures official approval to operate crypto exchange in Dubai]

Bybit has officially obtained regulatory approval to operate its business in Dubai, Watcher Guru reported.
https://coinness.com/en/news/1172637

[SoFi launches SOFIE deposit token with 4.4% annual yield and FDIC coverage]

U.S. financial services firm SoFi has launched SOFIE, a deposit token product that pays 4.4% annual interest, The Block reported. According to SoFi, this is the first time a U.S. national bank has directly offered tokenized deposits to retail customers.

SOFIE is valued at $1 per token, and customers can convert it one-to-one into SoFi’s stablecoin, SoFiUSD, to buy cryptocurrencies or transfer funds to external wallets. Deposits continue to earn interest until conversion and are protected by the U.S. Federal Deposit Insurance Corp. within statutory limits.
https://coinness.com/en/news/1172638