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Malaysia's Central Bank Initiates Asset Tokenization Trials
Malaysia's central bank has embarked on a three-year initiative to explore the tokenization of real-world assets, transitioning from theoretical concepts to practical trials. This plan includes collaborative pilots and proof-of-concepts involving regulators and industry stakeholders. The Bank Negara Malaysia (BNM) and the Securities Commission have established a Digital Asset Innovation Hub and an Industry Working Group to oversee these projects. Initial use cases focus on supply-chain finance for SMEs, Shariah-compliant finance, and green instruments. The roadmap outlines proof-of-concept testing in 2026, with broader trials anticipated in 2027. Industry feedback on regulations and technical designs is welcomed until March 1, 2026. Regulators are examining the integration of tokenized deposits and stablecoins into existing frameworks while ensuring retail investor protection. This initiative aims to enhance funding avenues for SMEs and facilitate cross-border transactions, although it poses risks related to market integrity and consumer safety. The process will involve pilot projects and data collection over the three years. Read more AI-generated news on: https://app.chaingpt.org/news
Dogecoin's New Football Venture and the Rise of Maxi Doge
House of Doge has secured a majority stake in Italian football club US Triestina Calcio 1918, aiming to enhance Dogecoin's real-world visibility. The club's kits and stadium will display the Dogecoin logo, and plans are underway to accept $DOGE for tickets and merchandise. Despite a challenging year for Dogecoin, losing over 40% in 2025, this partnership could reignite interest. The Dogecoin logo will feature prominently in match photos, potentially boosting its profile. Meanwhile, investors are turning to Maxi Doge ($MAXI), a new altcoin that aims to rival Dogecoin. Unlike its predecessor, $MAXI embraces its lack of utility and focuses on community engagement and marketing, reserving 40% of its supply for promotional efforts. Currently in presale, $MAXI has raised over $3.87 million, priced at $0.000266 per token. With ambitions to list on futures platforms, $MAXI seeks to capture the attention of meme coin traders and replicate the explosive growth seen in Dogecoin's past. Read more AI-generated news on: https://app.chaingpt.org/news
Death of Thodex Founder Under Investigation
Faruk Fatih Ozer, the founder of the now-defunct Thodex exchange, was discovered dead in his prison cell in Turkey, as reported by local media. Ozer had been sentenced to 11,196 years in prison in 2023 for multiple financial crimes. On November 1, Bloomberg reported that he was found hanging in the bathroom of his solitary confinement cell at the F-Type High Security Closed Prison in Tekirdag. Authorities are investigating the circumstances surrounding his death, with initial findings suggesting a possible suicide. Justice Minister Yilmaz Tunc confirmed that an investigation is underway to determine the exact cause of death. Ozer, who fled to Albania after Thodex's collapse in 2021, was extradited back to Turkey in 2022 and convicted of aggravated fraud, money laundering, and operating a criminal organization. The losses for investors following Thodex's failure are estimated to be between $24 million and $2.6 billion. Meanwhile, the cryptocurrency market capitalization is currently around $3.66 trillion. Read more AI-generated news on: https://app.chaingpt.org/news
Bitwise Advances XRP Spot ETF Application
Bitwise has made significant progress in its efforts to launch a US XRP spot ETF, following its recent success with the first US Solana Spot ETF on the NYSE. Bloomberg ETF analyst Eric Balchunas reported that Bitwise filed an amendment to its S-1 registration for the XRP ETF, detailing the exchange listing on the NYSE and a management fee of 0.34%. Balchunas noted these updates as crucial final steps, suggesting that Bitwise is nearing approval. The amendment indicates that the asset manager has addressed major SEC feedback, with the XRP Spot ETF now poised for launch. Bloomberg’s James Seyffart confirmed that Bitwise and VanEck are among issuers preparing to introduce new crypto-based ETFs in November. Seyffart highlighted that Bitwise’s application features concise language, potentially triggering the SEC’s 20-day review period. As of now, XRP trades at $2.50, showing slight daily decline, while analysts identify resistance at $2.80 and $3.00, with support around $2.15. The anticipated ETF launch could boost institutional interest and long-term demand for XRP. Read more AI-generated news on: https://app.chaingpt.org/news
Europol Warns of Rising Cryptocurrency Crime Complexity
Europol has issued a new warning regarding the increasing sophistication of cryptocurrency-related crimes. The agency noted that the misuse of crypto and blockchain technology is becoming more organized, straining law enforcement resources across Europe. This alert followed the ninth Global Conference on Criminal Finances and Crypto Assets held on October 28–29. The EU-SOCTA 2025 report echoed these concerns, with analytics firms like Chainalysis and TRM Labs estimating illicit crypto flows could reach tens of billions in 2024. A notable case highlighted was a Spanish operation that laundered approximately €460 million ($540 million), showcasing the scale of the issue. Criminals are now blending on-chain and off-chain methods to obscure their activities. Law enforcement is shifting from local to collaborative cross-border investigations, with Europol aiding in coordination. However, many national units face challenges due to inadequate equipment and training. The rise of ransomware, scams, and violent tactics against crypto holders has further complicated the landscape, necessitating improved international cooperation and legal clarity. Read more AI-generated news on: https://app.chaingpt.org/news
Steak 'n Shake Launches Bitcoin Burger With Rewards
Fold, a publicly traded Bitcoin services company, has partnered with Steak ‘n Shake to introduce a promotion featuring the new Bitcoin Burger, which allows customers to earn real Bitcoin rewards. The restaurant is also establishing a 'strategic Bitcoin reserve' to hold all payments made in BTC. This limited-time offer is available at nearly 400 locations across the U.S., where customers can upload their receipts at bitcoinmealdeal.com to receive $5 in Bitcoin via the Fold app. Diners can choose between the Bitcoin steakburger or meal to earn these rewards. Fold's CEO, Will Reeves, emphasized that this initiative is part of a broader strategy to integrate Bitcoin into everyday spending. Earlier this year, Fold had a similar promotion for Steak ‘n Shake gift card purchases. The restaurant plans to donate 210 sats (approximately $0.23) from each Bitcoin meal sold to OpenSats, a charity supporting open-source Bitcoin contributors. Steak ‘n Shake has seen sales growth attributed to the Bitcoin community and recently celebrated its Bitcoin payment milestone. Read more AI-generated news on: https://app.chaingpt.org/news
Flutterwave and Polygon: a New Era for Cross-Border Payments in Africa
Flutterwave has teamed up with Polygon to create a blockchain-based stablecoin payment system designed to enhance cross-border transactions across over 30 African nations. This initiative aims to provide faster and more affordable settlements for businesses and remittance users through dollar-pegged stablecoins. However, it faces regulatory and liquidity challenges due to varying national regulations and the need for reliable fiat on- and off-ramps. Flutterwave, a leading payment infrastructure provider in Africa, will utilize Polygon’s layer-2 blockchain to facilitate quicker and cheaper transactions compared to traditional methods. The rollout, expected to begin with a pilot phase for select merchants, will expand to consumer remittances by 2026. This partnership is seen as a significant step towards integrating stablecoins into mainstream payment systems, potentially reducing costs and improving transaction speeds. Nevertheless, Flutterwave and Polygon must navigate complex regulatory landscapes and ensure compliance with local laws to achieve widespread adoption of this innovative payment solution. Read more AI-generated news on: https://app.chaingpt.org/news
California Fines Coinhub $675K for Overcharging Customers
The California Department of Financial Protection and Innovation (DFPI) has imposed a $675,000 fine on Bitcoin ATM operator Coinhub for overcharging customers. This penalty includes $105,000 in restitution for consumers who were charged fees exceeding the legal limit. DFPI Commissioner KC Mohseni emphasized the agency's commitment to eliminating fraudulent operators in the crypto space while supporting legitimate businesses. The investigation revealed that Coinhub, operating as LSGT Services, LLC, had charged excessive markup fees, accepted cash transactions beyond the $1,000 daily limit, and failed to provide necessary information and disclaimers on receipts. This enforcement action marks the fourth against crypto ATM operators in recent months, following a $300,000 fine against Coinme for similar violations. Other regions, including Spokane, Washington, and New Zealand, have also taken steps to ban crypto ATMs due to rising scams. Recent warnings from Massachusetts police highlighted scams involving Bitcoin ATMs, particularly affecting the elderly, who lost nearly $3 billion to crypto fraud in 2024. Read more AI-generated news on: https://app.chaingpt.org/news
Tether's Impressive $10 Billion Profit in 2025
Tether has reported a staggering profit of $10 billion for the first three quarters of 2025, positioning itself alongside major Wall Street banks. This profit surpasses that of Bank of America, which earned $8.9 billion, and is nearly double U.S. Bank's $5.5 billion. Tether's quarterly attestation for Q3 2025 highlights its success, with over 500 million users in emerging markets. The company's performance is close to that of Morgan Stanley and Goldman Sachs, which reported net incomes of $12.4 billion and $12.56 billion, respectively. Last year, Tether nearly matched Goldman's annual profit of $13 billion and is on track to exceed it this year. However, JP Morgan remains the leader with $44 billion in net income. Tether's profits primarily come from returns on U.S. Treasuries, with the company holding $135 billion in reserves. Tether is also planning to launch a U.S.-focused stablecoin, USAT, by year-end, aiming to comply with American regulations. Read more AI-generated news on: https://app.chaingpt.org/news
Coinbase CEO's Earnings Call Sparks Mixed Reactions
During Coinbase's Q3 earnings call, CEO Brian Armstrong mentioned key terms like 'Bitcoin,' 'Ethereum,' and 'Web3,' much to the delight of prediction market users who had bet on these words being spoken. Armstrong admitted he was tracking a prediction market during the call and added these terms to ensure they were included. This spontaneous act led to a surge in odds for those words, rewarding users who predicted their mention. While some praised Armstrong's playful approach, others criticized it as a potential manipulation of prediction markets, with accusations of insider trading. Coinbase maintains strict policies against employee participation in such markets. Ethereum founder Vitalik Buterin defended Armstrong, suggesting he was simply trying to have fun. Despite the excitement, the financial impact was minimal, with low trading volumes on the prediction markets. Coinbase's shares rose nearly 5% following the earnings report, which exceeded expectations. Read more AI-generated news on: https://app.chaingpt.org/news
European Central Bank Advances Digital Euro Plans
The European Central Bank (ECB) has been urged by the European Council to expedite the development of the digital euro, a central bank digital currency (CBDC). If the European Parliament approves the necessary regulations by 2026, a pilot program could begin in 2027, leading to a full rollout across Europe by 2029. ECB President Christine Lagarde announced that the Governing Council is entering the final phase of CBDC development, emphasizing the importance of digitizing cash to reduce reliance on physical currency. The digital euro aims to complement traditional banknotes, allowing for seamless digital payments both online and offline. Unlike stablecoins, which utilize public blockchains, the digital euro will not employ digital ledger technology but will incorporate key design principles. The ECB estimates the total development cost at €1.3 billion, with annual operating costs projected at €320 million. While Europe moves forward, other countries like Russia and China are also exploring their own CBDCs, contrasting with the U.S. stance against them. Read more AI-generated news on: https://app.chaingpt.org/news
Australian Police Crack Crypto Wallet Worth $5.9 Million
Australian authorities successfully decrypted a cryptocurrency wallet backup valued at 9 million Australian dollars ($5.9 million). AFP Commissioner Krissy Barrett praised the achievement as 'miraculous,' attributing it to a skilled data scientist dubbed a 'crypto safe cracker.' The investigation targeted a suspected criminal who amassed cryptocurrency by selling tech products to other alleged offenders. During the probe, police discovered password-protected notes and an image with random numbers on the suspect's phone. Barrett noted that the numbers were organized into six groups with over 50 combinations, suggesting a connection to a crypto wallet. The suspect refused to provide the wallet keys, risking a 10-year prison sentence. The data scientist identified that the suspect had obscured the 24-word seed phrase by adding numbers to the sequences. This was not the first successful recovery for the AFP; previously, the same expert retrieved over $3 million in digital assets. If confiscated, the funds will be redirected to crime prevention initiatives. Read more AI-generated news on: https://app.chaingpt.org/news
Singapore's Leadership in Digital Assets Praised By US Treasury Secretary
During a meeting with Prime Minister Lawrence Wong at the APEC 2025 summit in Gyeongju, South Korea, US Treasury Secretary Scott Bessent commended Singapore for its advancements in stablecoin and digital asset adoption. The summit, which focuses on global growth, energy security, and technology, provided a platform for Bessent to highlight the significant capital investments in advanced manufacturing and technology sectors within APEC economies. Singapore, with a population of 5.9 million, has emerged as a key player in digital asset innovation, having issued twice as many cryptocurrency licenses in 2024 compared to the previous year. It ranks as a global leader in Web3 employment and blockchain patent filings. While promoting innovation, Singapore has also implemented strict regulations, requiring crypto firms operating internationally to obtain licenses. A recent report identified Singapore as the most 'crypto-obsessed' nation, with nearly 25% of its population owning digital assets. The city-state also hosted the influential Token2049 conference in October. Read more AI-generated news on: https://app.chaingpt.org/news
Zcash's Surge: Celebrity Influence and Market Dynamics
Zcash (ZEC) has experienced a remarkable 500% rally in October, driven by celebrity endorsements and short liquidations. Recently, ZEC surged 7.75% to $390.75, marking its highest point since 2018, while the broader crypto market saw a 2.5% decline. The price increase began after investor Naval Ravikant referred to Zcash as 'insurance against Bitcoin,' leading to a 60% jump on the first day. Mert Mumtaz's $1,000 target further fueled interest, and BitMEX co-founder Arthur Hayes' $10,000 prediction contributed to a 30% price rise. This surge mirrors the 2021 Dogecoin phenomenon, where social media influence played a key role. Additionally, nearly $65 million in short liquidations over two weeks has intensified the price increase, as traders were forced to close positions. However, a rising wedge pattern suggests a potential 30% correction to the $260–$270 support zone in November, indicating that buying momentum may be waning. Read more AI-generated news on: https://app.chaingpt.org/news
Basel Committee to Revise Crypto Guidelines for Banks
Global banks may soon adopt a more positive stance towards cryptocurrencies as the Basel Committee on Banking Supervision (BCBS) plans to update its significant guidance on crypto exposure, according to a recent Bloomberg report. The BCBS's 2022 guidelines, which many banks interpreted as a warning against crypto, are set for revision next year. Sources indicate that discussions have taken place regarding the suitability of the existing rules, which have not yet been fully implemented by the US, UK, and EU. The push for new regulations is driven by the rapid rise of stablecoins, recently regulated in the US under the GENIUS Act for payment use. Currently, stablecoins on public blockchains face the same capital requirements as riskier assets like Bitcoin, a situation criticized by market participants. The Basel Committee, responsible for establishing international banking standards, aims to ensure global financial stability. Some countries are eager to reassess these standards before implementation, while others prefer to proceed with the current rules. Read more AI-generated news on: https://app.chaingpt.org/news
Custodia Bank's Legal Setback Against the Federal Reserve
A US appellate court has ruled against Custodia Bank, a crypto-friendly institution founded by Caitlin Long, siding with the Federal Reserve. In a decision from the US Court of Appeals for the Tenth Circuit, three judges upheld a lower court's ruling from Wyoming. This appeal, initiated in April 2024, followed the denial of Custodia's request for a Federal Reserve master account, marking another setback since its application began in October 2020. The court noted that while the case involves modern concepts like cryptocurrency and digital assets, the legal questions surrounding central banking have been examined since the nation's inception. Approval for a Fed master account would have allowed Custodia access to the US government's payment network. The Federal Reserve had previously rejected Custodia's application in 2023, citing risks associated with its focus on digital assets. Following the ruling, Custodia expressed its intention to consider a rehearing petition. The bank, originally named Avanti, rebranded in 2022. Read more AI-generated news on: https://app.chaingpt.org/news
Coinbase Responds to Senator's Claims on Political Contributions
Faryar Shirzad, Coinbase's chief policy officer, has countered allegations from Senator Chris Murphy regarding the exchange's connections to the Trump administration. In a recent post, Shirzad addressed Murphy's assertion that Coinbase contributed to Trump's 'corruption factory' through donations to the Fairshake PAC and funding for the 2025 inauguration. Murphy suggested a link between these contributions and the SEC's decision to drop an enforcement action against Coinbase. Shirzad defended the company's support for the Trust for the National Mall, stating that many businesses contributed to the ballroom project. He also labeled Fairshake as a 'non-partisan' PAC, emphasizing that public donations have historically supported inaugurations. The ballroom project, initially announced by Trump, has faced scrutiny, especially after the East Wing was demolished, contradicting earlier claims. Shirzad clarified that Coinbase is not the general contractor for the project. This incident follows Coinbase's previous involvement in events linked to the Trump administration, including a military parade for the US Army's anniversary. Read more AI-generated news on: https://app.chaingpt.org/news
Stablecoin Developments and Competitive Trends in Crypto
The competition to establish stablecoin infrastructure is intensifying among major financial institutions in the U.S. Citigroup is advancing its stablecoin payment capabilities, driven by the anticipated US GENIUS Act, set to take effect in 2027. This trend is not limited to banks; Western Union is also developing a stablecoin payment network on Solana, aiming for faster, cost-effective cross-border transactions. In the Bitcoin mining sector, smaller firms are rapidly gaining ground on industry leaders, while Ledn has reported over $1 billion in Bitcoin-backed loans this year, indicating a shift towards borrowing against BTC rather than selling. Citigroup is collaborating with Coinbase to enhance its digital asset services, responding to client demand for efficient payment solutions. The bank predicts the stablecoin market could grow to $4 trillion by 2030. Additionally, Western Union plans to launch a US Dollar Payment Token (USDPT) in 2026, emphasizing its commitment to digital assets and transaction efficiency. Read more AI-generated news on: https://app.chaingpt.org/news
MEXC Exchange Apologizes After Freezing $3 Million in Funds
Approximately three months after a crypto trader revealed that MEXC had frozen around $3 million of their assets, the exchange's representative issued a public apology and released the funds. MEXC's Chief Strategy Officer, Cecilia Hsueh, acknowledged the mishandling of the situation involving a user known as the White Whale. In July, MEXC had frozen the funds due to its risk control policies. Hsueh stated, "We apologize to the White Whale, and his money is already released. I messed up in communicating with him." This incident led the White Whale to initiate a $2 million social media campaign against MEXC, later increasing the budget to $2.5 million. In response to the apology, the White Whale expressed dissatisfaction, noting that it lacked clarity on the specific issues being addressed. He also mentioned ongoing efforts to assist others in similar situations. Following the apology, MEXC's token price fell by about 3.5%. Read more AI-generated news on: https://app.chaingpt.org/news
Canaan's Innovative Role in Japan's Energy Stability
Canaan, a mining hardware manufacturer, has secured a contract to provide 4.5 megawatts (MW) of Bitcoin mining ASICs aimed at stabilizing Japan's electric grid. The company announced it will supply these specialized mining devices to an electrical engineering firm for real-time grid balancing and energy efficiency. Utilizing Canaan's new Avalon A1566HA-488T water-cooled ASICs, the operation will continuously adjust power consumption through controlled overclocking and underclocking. This dynamic system will modify frequency, voltage, and hashrate to align with power supply and demand. Canaan's CEO, Nangeng Zhang, emphasized that this technology allows utilities to use Bitcoin mining as a digital load balancer, enhancing energy sustainability and grid efficiency. The need for grid load balancing arises from significant fluctuations in consumption and renewable energy output, which can lead to price spikes and outages. Bitcoin mining can quickly respond to these fluctuations, making it a valuable asset for energy management. Read more AI-generated news on: https://app.chaingpt.org/news
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