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A daily news site covering all things crypto and the decentralized web.
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Empire Market Co-Creator Sentenced to 40 Years Over $430M Dark Web Bazaar

Raheim Hamilton forfeited some 1,230 BTC. His co-creator Thomas Pavey, who agreed to forfeit 1,584 BTC, is due to be sentenced this month.
Morning Minute: Uptober Turns Sour as Crypto Majors Slide

Is this the beginning of a bigger selloff with the anniversary of 10/10 looming? Or just a leverage flush before the next leg up?
UK Targets Cryptomus and TokenSpot in New Russia Sanctions Package

The package hits five crypto and payment platforms, two of which handled transactions with Russia’s A7 network, the UK government said.
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Bitcoin Bleeds in Uptober—How Low Can It Go? Experts Weigh In

Experts highlight several support levels, from $83,000 down to $72,000, that Bitcoin may need to test in a bearish start to Uptober.
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Ledger Probes Potential Theft of $87M in User Funds Tied to Crypto Wallet Reseller

Ledger asked reseller CryptoBilis to pause sales and urged recent buyers not to set up their devices, as an onchain investigator tracked more than $86 million in suspected thefts.
New York AG Secures Up to $35M and Industry Ban From Ex-Celsius CEO Alex Mashinsky

Mashinsky owes New York $25 million if he fails to forfeit another $10 million, and $10 million more if he doesn't serve his full sentence.
DWF Labs Subsidiaries Sue BitGo for $141 Million Over Early Token Sales

The DWF Labs-linked firms allege in London’s High Court that BitGo sold discounted Falcon Finance and ESPORTS tokens roughly two months before their lock-up expired, cratering the value of their remaining holdings.
Ethereum L2 Starknet Jumps 20% After Saying It Wants to Become an L1

Starknet is "actively considering" becoming its own blockchain, a move it says would make it the first fully quantum-resistant network by 2027.
Bitcoin Rebounds After Rough Week, But Traders Are Pricing In More Downside

Bitcoin bounced after dipping to around $80,000. Traders are placing increasingly high odds BTC slips further before October is over.
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Blockchain.com Seeks Approval for US Prediction Markets and Crypto Derivatives

The crypto platform filed for designated contract market and futures commission merchant licenses, which would let it run its own regulated event-contract venue instead of relying on overseas partners.
Senate Democrat Presses Cantor Fitzgerald on Tether Ties and Lutnick Family Profits

Sen. Richard Blumenthal wants Cantor Fitzgerald to open its records on Tether and on how much Commerce Secretary Howard Lutnick's family has earned from its business deal.
OpenAI and Anthropic Are Quietly Rehearsing for the Day After an AI Catastrophe

Executives are war-gaming the political fallout of a major AI-driven cyberattack and preparing to brief Congress fast if and when necessary.
French Committee Backs Stablecoin Swap Tax and Crypto Exit Tax, Then Rejects the Budget

A National Assembly committee adopted amendments taxing stablecoin swaps and crypto exits by wealthy holders, then rejected the 2027 budget's revenue section.
Here’s a Way to Predict When AI Chatbots Will Turn Bad

Physicists at George Washington University say a formula can estimate when an AI chatbot will flip from good answers to bad ones, and early tests on small models back it up.
This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million

The Bermuda-based insurer, which runs entirely on Bitcoin, drew the funding from existing backers led by Bain Capital Crypto after a record year driven by demand from wealthy families in Asia, Europe and the Middle East.
CFTC Draws the Line Between Prediction Markets and Gambling in New Rules

A proposed rule would expressly fold event contracts tied to sports, politics, culture and weather into the “swap” definition, while an interim rule excludes casino-style gambling—sharpening the agency’s claim to exclusive jurisdiction.
How Zcash Plans to Hide Your Keys From AI and Quantum Attacks

Zakura, a Zcash full node developer, says it expects hash-based signatures to land in Zcash in January, and is rolling out a privacy tool for rotating transparent addresses this week.
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Bitcoin, Ethereum and Solana ETFs All in the Red for October

Bitcoin ETFs have seen $386.3 million in net outflows through the first seven trading days of October, while Ethereum funds have now posted nine straight days of losses.
Tokenized Stocks Show Real Demand But Remain Volatile and Illiquid, IMF Finds

An IMF analysis found that more than half of tokenized stock trading happens outside U.S. market hours, though the roughly $2.3 billion market remains more volatile and less liquid than traditional equities.
UK Freezes $12M London Penthouse of Alleged Prince Group Finance Chief

Thet Li is accused of running the finances of a scam empire tied to $14 billion in Bitcoin the U.S. has moved to seize.
Bitcoin Ranges Near $83K as Traders Look to US Inflation Data

October rate-hike odds have slumped, but analysts say Treasury yields at two-decade highs are still keeping a lid on risk appetite.