Anchorage Digital Buys Routable to Push Stablecoins Into Corporate Payment Rails
Crypto 'Godfather' Adam Iza Sentenced to 78 Months for $37M Meta Fraud
Winklevoss Files Spot Zcash ETF at 0.25% Fee, Undercutting Grayscale
Firelight Launches DeFi Insurance Protocol Backed by $115M Staked XRP on Flare
Founders Fund Leads $5M Token Purchase in Anvil Collateral Protocol
Conduit Sues Tether Over $2.76M Frozen USDT
Ripple Prime Wins Brevan Howard as Prime Brokerage Client
Solana Foundation Launches Open-Source Atomic Settlement Tool With JPMorgan Input
Glamsterdam Upgrade Activates on Sepolia Testnet, Gas Limits Climbing to 200 Million
Flash Loan Attacks Drained $1.21 Billion From DeFi Between 2020 and 2024
Arbitrum Adopts Paxos USDG as Ecosystem Stablecoin, Proposes 100M ARB Incentive
OKX Raises Fresh Capital at $25B Valuation From Circle, Ripple, Standard Chartered
Top Stories
Crypto 'Godfather' Adam Iza Sentenced to 78 Months for $37M Meta Fraud
Winklevoss Files Spot Zcash ETF at 0.25% Fee, Undercutting Grayscale
Firelight Launches DeFi Insurance Protocol Backed by $115M Staked XRP on Flare
Conduit Sues Tether Over $2.76M Frozen USDT
Ripple Prime Wins Brevan Howard as Prime Brokerage Client
Solana Foundation Launches Open-Source Atomic Settlement Tool With JPMorgan Input
Glamsterdam Upgrade Activates on Sepolia Testnet, Gas Limits Climbing to 200 Million
Flash Loan Attacks Drained $1.21 Billion From DeFi Between 2020 and 2024
Editor's Picks
Glamsterdam Upgrade Activates on Sepolia Testnet, Gas Limits Climbing to 200 Million
Flash Loan Attacks Drained $1.21 Billion From DeFi Between 2020 and 2024
Arbitrum Adopts Paxos USDG as Ecosystem Stablecoin, Proposes 100M ARB Incentive
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Markets
Anchorage Digital Buys Routable to Push Stablecoins Into Corporate Payment Rails
Anchorage Digital has acquired Routable, a B2B payments platform, to integrate stablecoin and tokenized deposit settlement into corporate finance systems. The deal pairs Anchorage's federal digital asset bank charter with Routable's existing enterprise payment rails.
Winklevoss Files Spot Zcash ETF at 0.25% Fee, Undercutting Grayscale
Winklevoss Asset Services filed for a spot Zcash ETF with a 0.25% annual fee, roughly ten times cheaper than Grayscale's ZCSH. The WINK ticker would trade on Nasdaq with Gemini as custodian, marking the second U.S. spot Zcash ETF if approved.
Firelight Launches DeFi Insurance Protocol Backed by $115M Staked XRP on Flare
Firelight has launched a decentralized insurance protocol on the Flare network backed by 50.2 million XRP valued at $115 million. The protocol issues coverage to Sentora vaults and uses a five-firm consortium for claims decisions, though smart contracts remain audit-pending.
Conduit Sues Tether Over $2.76M Frozen USDT
A payments company called Conduit filed suit against Tether in New York federal court on October 6, 2026, alleging the world's largest stablecoin issuer froze $2.76 million in USDT more than a year ago without explanation or legal justification.
Regulation
Crypto 'Godfather' Adam Iza Sentenced to 78 Months for $37M Meta Fraud
Adam Iza, who branded himself "The Godfather" of cryptocurrency, was sentenced to 78 months in federal prison for defrauding Meta of more than $37 million and hiring off-duty Los Angeles Sheriff's deputies to pull warrants on rivals.
FinCEN Withdraws Crypto Wallet and Mixer Surveillance Rules
The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) withdrew two long-pending crypto surveillance proposals on Monday, shelving rules that would have imposed sweeping reporting requirements on self-custody wallets and crypto mixing services.
CFTC Proposes First Dedicated Crypto Rules With CTX and CAM Exchange Licensing Framework
The U.S. Commodity Futures Trading Commission has proposed its first-ever dedicated cryptocurrency regulatory framework, introducing Regulation CTX and CAM with a new federal license category for exchanges offering leveraged or margined retail trading products.
Trump Names Jay Clayton to Lead Super Intelligence Force, Raising Crypto Policy Questions
President Trump has appointed former SEC Chair Jay Clayton to lead a newly created Super Intelligence Force, drawing scrutiny from the crypto industry given Clayton's aggressive regulatory stance during his tenure.
DeFi
Founders Fund Leads $5M Token Purchase in Anvil Collateral Protocol
Peter Thiel's Founders Fund has led a $5 million token purchase in Anvil, a crypto collateral protocol. The investment marks a shift toward institutional capital acquiring governance exposure in foundational DeFi protocols.
Arbitrum Adopts Paxos USDG as Ecosystem Stablecoin, Proposes 100M ARB Incentive
ArbitrumDAO has designated Paxos' USDG as its official ecosystem stablecoin and published a governance proposal to deploy 100 million ARB tokens in adoption incentives, the largest stablecoin-focused commitment in the network's history.
Circle Adds Aave to Mint, Giving Bitcoin Borrowers a Second Protocol Option
Circle has integrated Aave into its Bitcoin-backed borrowing service, Mint, adding a second lending protocol alongside Morpho. The move lets borrowers choose between protocols based on rates, liquidity, and risk tolerance.
Aave Raises GHO Borrow Rate to 4.5% Amid Thin Reserves
Aave's GHO Risk Council hiked the core borrow rate on GHO to 4.5% this week, citing depleted redemption reserves and a near-empty USDC conversion module on Ethereum as the primary triggers for the move.
Technology
Nvidia Earnings Beat and $12.9B Hugging Face Deal Push Nasdaq Futures Up 1.1%
Nvidia stock jumped 7% in premarket trading Thursday after posting an earnings beat and announcing a $12.9 billion acquisition of Hugging Face. Nasdaq futures climbed 1.1% on the news, arriving ahead of the Federal Reserve's Jackson Hole Economic Symposium.
Mystery AI Model Ox Alpha Beats Claude Fable on Benchmarks, Creators Unknown
A new AI model called Ox Alpha has surfaced with no identifiable creators, a free price tag, and benchmark scores that outperform Anthropic's Claude Fable. The model ships with a 1 million token context window, accepts video as input, and is available at no cost.
Inception Labs' Mercury 2 Outperforms Google's DiffusionGemma in AI Showdown
Inception Labs released Mercury 2, an AI model that outperforms Google's DiffusionGemma while preserving model intelligence during the shift from sequential to parallel processing. The development marks a significant architectural transition in the post-autoregressive era.
Quantinuum Surges 13% on Nasdaq IPO Debut, Raising $1.68B
Quantinuum's shares opened at $68 on their first day of trading on Nasdaq, a 13% jump from the $60 IPO price, raising $1.68 billion in total proceeds and valuing the quantum computing company at approximately $17.63 billion market capitalization.
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