Blockonomi

TLDR
Ledger introduces tighter sales controls following the discovery of modified hardware wallets sold through resellers.
Criminals installed hidden components that captured customers’ 24-word recovery phrases and transmitted them through mobile networks.
Bitquery estimates $102 million was stolen from 324 wallets, exceeding Specter’s earlier $86 million estimate.
Ledger says inspections found no tampering in the retail and warehouse samples its teams examined.
Authorized dealers must keep devices off display shelves, while returned wallets remain barred from resale.
Ledger has introduced tougher rules for hardware wallet sellers after criminals altered genuine devices and stole cryptocurrency. In its October 15 statement, the company reaffirmed its ban on reselling returned wallets and ordered retailers to keep new devices away from display shelves.
Criminals altered devices before resale
Ledger said attackers purchased legitimate wallets, fitted hidden components, and returned them to reseller channels in Southeast Asia. The company said the group spent months preparing the operation and built systems to collect recovery phrases and move stolen funds.
The investigation began on October 9 after customers reported missing assets from devices sold by Malaysia-based CryptoBilis. An earlier Ledger wallet theft investigation connected the complaints to the reseller, which subsequently halted sales.
How the hidden implants worked
Ledger’s security team found an implant that copied the 24-word recovery phrase displayed during wallet setup. The component then sent those words through a mobile data connection using a built-in electronic SIM card.
The company said the device’s security chip and operating system remained intact. Binance founder Changpeng Zhao warned on X on October 9 that the evidence pointed to an attack through one seller, rather than a problem across all Ledger wallets.
Loss estimates rise as investigators trace funds
Blockchain researcher Specter initially estimated losses above $86 million. However, Bitquery’s October 15 update traced $102 million from 324 wallets across six networks. Earlier confirmation of device tampering established that investigators found an unauthorized component. Ledger has not confirmed total losses or the number of affected customers.
Bitquery said Tether froze $10 million in USDT linked to the theft. Its investigation also tracked stolen funds through swaps and privacy services. The researchers counted wallets, not individual customers, and noted that one owner could control several affected addresses.
Ledger changes distribution and customer guidance
Ledger said its teams examined devices from stores in Germany and stock held in warehouses. Those samples showed no tampering. In an October 14 X update, the company called for a pause in sales across seven markets, including Hong Kong. Resellers in Asia suspended wallet sales as the investigation continued.
Authorized dealers must now store wallets away from public shelves and hand them to buyers at purchase. Ledger advises CryptoBilis customers against setting up unused devices. Those who already used one should move assets to a new wallet with a fresh recovery phrase.

The post Ledger Reveals How Hidden Chips Exposed Crypto Wallets appeared first on Blockonomi.

TLDR
Trump Media stock recovered intraday Thursday after six consecutive losing sessions.
Similarweb estimated Truth Social’s September audience at 260,000 daily users, below its June 2025 peak of 420,000.
Trump Media reported an 89% quarterly revenue increase despite weaker Truth Social advertising sales.
DJTB tokenized shares fell approximately 8% over 24 hours in the cited Thursday morning quote.
Binance’s DJTB token offers economic exposure to Trump Media without direct share ownership or voting rights.
Trump Media stock recovered from an early Thursday decline while new estimates showed shrinking traffic on Truth Social. Shares traded at $7.34 around 12:40 p.m. Eastern, after an earlier quote near $7.10.
The rebound followed six consecutive losing sessions for Trump Media & Technology Group (NASDAQ: DJT). The Washington Post published the audience findings after Wednesday’s market close. Thursday’s session had not ended.
Trump Media Stock Rebounds After Six Losses
Trump Media stock closed Wednesday at $7.22, down 6.84% for the session. The stock had fallen from $8.65 on October 6, a drop of 16.5% across six sessions.
Wednesday’s losses came during a broader selloff after annual U.S. inflation reached 3.7% in September. The Nasdaq fell 1.88%, amid declines across several technology and financial stocks.
Truth Social Audience Estimates Fall
Similarweb estimated roughly 260,000 daily Truth Social users in September 2026, compared with about 420,000 at its June 2025 peak. That peak comparison spans approximately fifteen months.
The research firm also estimated a traffic decline exceeding 30% over the latest year. These are third-party estimates rather than daily user totals released by Trump Media. The figures measure users, not advertising sales or subscription income. The company has not yet reported its September advertising results.
Trump Media operates Truth Social, its Truth+ streaming platform, and financial products under Truth.Fi. Separately, Binance’s expansion into U.S. shares includes blockchain-based stock products linked to public companies.
Advertising Revenue and Tokenized Shares
Trump Media’s June-quarter filing recorded lower Truth Social advertising revenue from a year earlier. Total quarterly revenue nevertheless rose 89% to $1.67 million, helped by barter advertising, streaming subscriptions and fund management fees. Its second-quarter net loss reached $238.1 million, company filings show.
A Thursday morning quote placed DJTB, the token linked to DJT, near $7.17, down about 8% over 24 hours. Separately, Kraken recently detailed plans to offer tokenized shares in the UAE.
Binance listed DJTB on August 26. Its issuer, BTech Holdings Limited, holds underlying securities, but token buyers do not directly own DJT shares or gain voting rights. DJTB’s round-the-clock trading means its daily price change cannot be directly compared with Nasdaq’s regular session.
The post Trump Media Stock Rebounds, but Truth Social Faces a Test appeared first on Blockonomi.

TLDR
Binance bStocks surpassed $1 billion in managed assets four months after launching in June 2026.
The tokenized stock platform recorded over $40 billion in trading volume and nearly 100 listed securities.
Binance users converted $6 billion between tokenized shares and direct stock positions at 1:1 parity.
Around 62% of bStocks trading in July occurred outside regular U.S. market hours.
Borrowing against deposited bStocks collateral reached 46.2%, while decentralized finance deployment rose to 11.2%.
Binance tokenized stocks surpassed $1 billion in assets under management four months after launch. Binance announced the October 15 milestone, citing Dune data and claiming the fastest rise to that level.
Binance tokenized stocks expand beyond launch
Binance launched bStocks on June 11 with five tokenized U.S. stocks and exchange-traded funds. Its list now covers nearly 100 securities. The exchange reported over $40 billion in trading, averaging more than $300 million daily.
Users converted $6 billion between bStocks and direct stock holdings, according to Binance. Each token has one-to-one backing through securities held in custody. The conversion figure measures cumulative activity, not assets held today.
In an October 5 X post, Binance told eligible users they could switch between stocks and tokens. Separately, the exchange plans to close its mining pool in November as it expands access to American securities overseas.
Most trading happens outside Wall Street hours
In July, only 38% of bStocks trades occurred during regular U.S. market hours. Binance compared that with 89.2% for conventional equities. Eligible customers can trade tokens on weekends and transfer them into compatible personal wallets.
Shunyet Jan, Binance’s head of exchange and trading, said continued market activity matters beyond launch. He said customers trade bStocks, pledge them as collateral, and convert them into direct stock positions.
Other companies are also developing tools for tokenized securities. Chainlink recently expanded tools that connect financial networks. Binance reported that 11.2% of bStocks value was deployed in decentralized finance by early October 2026, exceeding comparable products by 3.8 percentage points.
Collateral borrowing rises with tokenization
Borrowing against Binance tokenized stocks reached 46.2% of deposited collateral by September 10, up from 5.5% at June’s end. The exchange extended collateral access to eligible retail customers in September, with account checks and risk controls.
Traders can pledge supported bStocks for margin and futures positions, with borrowing up to five times their collateral. Binance said 58.5% of early users also traded perpetual futures or direct shares by late July.
The trend comes as banks expand tokenized deposits, including Wells Fargo. Binance also estimated tokenized stock transfers exceeded $100 billion during the third quarter, compared with $6 billion during the first. Binance says bStocks are backed by underlying securities, but holders do not receive direct shareholder rights.
The post Binance Tokenized Stocks Hit $1B. What Fueled Growth? appeared first on Blockonomi.

EN BREF
L’action Amazon (AMZN) recule de 0,27 %, à 253,40 $, après le lancement des nouveaux appareils Bee
Bee Frontier coûte 74,99 $, tandis que l’accessoire pour téléphone Eclipse est vendu 99,99 $.
Amazon lance Bee Pro à 11,99 $ par mois, avec des fonctionnalités d’IA étendues
Les appareils Bee transforment les conversations du quotidien en rappels, résumés et listes de tâches
Amazon associe Bee à Alexa+ et affirme que les enregistrements audio bruts sont supprimés après traitement
Amazon a élargi sa gamme de technologies personnelles jeudi, alors que son action reculait au cours de la séance. L’action Amazon (AMZN) a perdu 0,27 %, à 253,40 $, soit une baisse de 0,68 $. L’entreprise a présenté deux appareils Bee et un service mensuel permettant d’organiser les informations tirées des conversations du quotidien.

TL;DR
Starknet a lancé le 15 octobre un vote de gouvernance de sept jours sur le STRK, qui doit se clôturer le 22 octobre.
Le vote consultatif demande aux détenteurs s’ils souhaitent étudier la possibilité de devenir une blockchain indépendante de couche 1.
StarkWare vise la résistance aux ordinateurs quantiques d’ici 2027, tandis qu’Ethereum prévoit une protection plus large d’ici décembre 2029.
Les premiers résultats du vote montraient que 99,9 % du pouvoir de vote soutenait la poursuite des recherches, alors que le scrutin est toujours en cours.
StarkWare n’a proposé aucune date de migration, et le STRK resterait le jeton natif du réseau quelle que soit l’approche retenue.

TLDR
RKLB shares tumble 10.15% as Neutron’s maiden flight moves into 2027 again.
Air pockets in Neutron’s carbon-composite tank dome trigger further repairs.
Rocket Lab’s latest delay follows a tank rupture during testing in January.
KeyBanc cuts its RKLB price target to $100, while Clear Street moves to $105.
Rocket Lab’s Electron launch business continues as Neutron faces more tests.
Rocket Lab Corporation (RKLB) stock fell 10.15% to $53.17 on Thursday morning, losing $6.01 following another Neutron rocket delay. The company pushed its medium-lift rocket’s first launch into 2027 after identifying manufacturing defects in key structural components. The announcement marked another setback for Rocket Lab’s expansion into the competitive medium-lift launch market.
Rocket Lab USA, Inc., RKLB
Rocket Lab Identifies Manufacturing Defects in Neutron Rocket
Rocket Lab disclosed the revised launch schedule Wednesday through an investor update and a regulatory filing. The company identified manufacturing problems involving carbon composite structures in Neutron’s first-stage barrels and propellant tank domes. These components support the rocket’s structural strength and help contain propellant during flight.
Engineers discovered small air pockets within the first-stage propellant tank dome cap during manufacturing inspections. These defects can weaken composite materials and create structural risks under extreme operating conditions. Rocket Lab introduced manufacturing improvements to address the problems and strengthen component reliability.
The latest postponement follows an earlier setback involving a first-stage tank rupture during January testing. Rocket Lab subsequently moved its launch target toward the fourth quarter of 2026. However, further manufacturing challenges have extended the development schedule beyond the company’s previous expectations.
Rocket Lab Faces Delayed Neutron Revenue Opportunities
Neutron represents Rocket Lab’s planned expansion beyond its established small-launch operations into larger satellite missions. The reusable rocket aims to compete with SpaceX’s Falcon 9 for commercial and government launch contracts. However, the revised timetable delays Neutron’s entry into this market and its potential revenue contribution.
Rocket Lab originally announced Neutron in 2021 and initially targeted a 2024 launchpad milestone. The company later shifted its expected inaugural flight into 2025 following development and qualification challenges. Further testing complications and manufacturing problems eventually pushed the target into 2027.
Rocket Lab continues operating its Electron launch vehicle and developing its HASTE capabilities. In September, the company announced a multi-year agreement covering 20 Electron missions for Japanese satellite operator Synspective. This agreement supports its existing launch business while Neutron undergoes additional manufacturing and testing work.
Wall Street Analysts Reduce RKLB Stock Price Targets
The revised Neutron schedule prompted several Wall Street analysts to lower their RKLB stock price targets. KeyBanc reduced its target from $135 to $100 following the company’s latest development setback. Similarly, Clear Street lowered its target from $129 to $105 after assessing the extended launch timetable.
The delay also extends Rocket Lab’s development spending before Neutron can begin supporting commercial launch operations. Meanwhile, the company must complete manufacturing improvements, component qualification, and additional testing before attempting its inaugural flight. These requirements remain central to Neutron’s progress toward operational readiness.
Rocket Lab plans to continue reporting progress through its manufacturing and testing milestones. The company also published additional details about the revised Neutron schedule through its investor relations materials. Its next development updates will clarify progress toward the planned 2027 launch.

The post Rocket Lab Corporation (RKLB) Stock: Plunges 10% as Manufacturing Defects Push Neutron Debut Into 2027 appeared first on Blockonomi.

En bref
L’action SpaceX (SPCX) recule de 3,02 % malgré l’expansion du Wi-Fi Starlink de United.
United équipe plus de 635 avions de Starlink, couvrant près de la moitié de ses vols.
Plus de 250 000 passagers de United prennent chaque jour un vol à bord d’un avion proposant le Wi-Fi Starlink.
American Airlines prévoit d’installer Starlink sur plus de 1 030 avions.
United prolonge son offre d’alignement de statut Wi-Fi après une hausse de 275 % des demandes.
L’action SpaceX (SPCX) a chuté de 3,02 % à 147,56 $ jeudi matin, perdant 4,60 $, malgré l’extension du déploiement du Wi-Fi Starlink par United Airlines. Le titre a rebondi après avoir atteint des creux intrajournaliers marqués, mais est resté dans le rouge au cours de la séance matinale. Parallèlement, United a fait état de progrès importants dans l’installation du service Internet par satellite de SpaceX sur l’ensemble de sa flotte d’avions commerciaux.

En bref
L’action de FreeCast (CAST) recule de 1,89 % après l’annonce d’un accord en Louisiane.
Cajun Broadband proposera les services de streaming de FreeCast dans les zones rurales de la Louisiane.
SmartGuide de FreeCast combine télévision gratuite, contenus premium et abonnements.
Ce partenariat pourrait générer de nouveaux revenus grâce à la publicité et aux abonnements numériques.
La stratégie de FreeCast axée sur les partenariats élargit sa portée sans construire de réseaux câblés.
L’action de FreeCast, Inc. (CAST) a chuté de 1,89 % à 1,05 $ jeudi matin, à la suite de l’annonce d’un accord de distribution en Louisiane. Cet accord permettra à Cajun Broadband de proposer la plateforme multimédia de FreeCast à ses clients dans l’ensemble de ses zones de couverture. Cette entente étend la présence de FreeCast dans des collectivités où les fournisseurs cherchent à offrir davantage de services.

En bref
L’action de Verizon (VZ) progresse de 1,77 % après une avancée majeure d’Ericsson lors d’un essai 6G sur le terrain.
Verizon et Ericsson réalisent un appel 6G pré-normalisation sur le terrain dans la bande des 7 GHz.
Un essai en Californie fait sortir la technologie 6G des laboratoires pour l’intégrer à un réseau commercial.
Les ingénieurs examinent la couverture 6G, la latence, la stabilité et la pénétration des signaux dans les bâtiments.
La 6G est toujours en phase de test : aucun lancement commercial ni aucune norme définitive n’ont été annoncés.
L’action de Verizon Communications (VZ) a progressé de 1,77 %, à 45,21 $, jeudi matin, à la suite d’une étape majeure du partenariat avec Ericsson. Le titre a gagné 0,79 $ avant de reculer après avoir atteint un sommet intrajournalier proche de 45,55 $. Les deux entreprises ont réalisé un appel 6G pré-normalisation sur le terrain, en extérieur, sur un site de réseau commercial à Concord, en Californie.

En bref
L’action Tesla (TSLA) recule de 2,82 % à 356,80 $ avant le dévoilement du nouveau Roadster.
Tesla s’apprête à dévoiler le Roadster redessiné, neuf ans après ses débuts.
Le Roadster de Tesla était affiché à 200 000 $ en 2017, avec un acompte de réservation de 50 000 $.
Tesla vise une autonomie de 620 miles et une accélération en moins d’une seconde pour le Roadster.
Le retour du Roadster de Tesla intervient alors que l’entreprise se tourne vers l’IA, les robots et le Cybercab.
L’action Tesla (TSLA) a chuté de 2,82 % à 356,80 $ jeudi matin, perdant 10,36 $, alors que l’entreprise se préparait à dévoiler le Roadster redessiné. La voiture de sport électrique revient près de neuf ans après la présentation par Tesla de son prototype de nouvelle génération en 2017. Ce dévoilement marque une nouvelle étape dans la stratégie produit de Tesla, tandis que l’entreprise étend ses activités à la robotique et à la conduite autonome.

En bref
L’action SCHW recule de 5,05 % à 91,91 dollars malgré de solides résultats au troisième trimestre.
Le chiffre d’affaires de Schwab bondit de 17 % au troisième trimestre pour atteindre 7,2 milliards de dollars, tandis que le bénéfice net s’élève à 2,9 milliards de dollars.
Les actifs des clients progressent de 15 % pour atteindre 13 330 milliards de dollars, tandis que les nouveaux apports s’élèvent à 190,4 milliards de dollars.
Schwab ajoute 1,2 million de comptes de courtage, portant leur nombre total à 48,6 millions.
Schwab étoffe son offre d’IA avec Charley et son nouveau partenariat avec Anthropic.
L’action de Charles Schwab Corporation (SCHW) a chuté de 5,05 % à 91,91 dollars jeudi, perdant 4,88 dollars malgré la publication de solides résultats financiers pour le troisième trimestre. La société de services financiers a enregistré un chiffre d’affaires de 7,2 milliards de dollars, en hausse de 17 % sur un an. Son bénéfice net trimestriel a atteint 2,9 milliards de dollars, tandis que l’entreprise développait ses actifs clients et son nombre de comptes de courtage.

TLDR
BNY stock rebounds 2.44% premarket after Q3 earnings rise 24% from a year ago.
BNY reports $5.68 billion in Q3 revenue as fee income and lending gains grow.
BNY’s diluted earnings per share jump 24% to $2.34, as net income rises 20%.
BNY custody and administration assets reach $63.4 trillion after 10% growth.
BNY returns $1.4 billion to shareholders through dividends and stock buybacks.
Bank of New York Mellon (BNY) shares recovered in Thursday’s premarket session after the bank reported stronger third-quarter earnings. The stock advanced 2.44% to $141.00, following Wednesday’s 2.40% decline to a $137.64 close. The results showed 12% annual revenue growth and a 24% increase in diluted earnings per share.
BNY Reports Higher Revenue and Stronger Quarterly Earnings
BNY generated $5.68 billion in third-quarter revenue, compared with $5.08 billion a year earlier. Fee revenue increased 12% to $4.08 billion as new business and client activity supported growth. Meanwhile, net interest income rose 15% to $1.42 billion on higher reinvestment yields and balance sheet expansion.
Net income available to common shareholders increased 20% to $1.61 billion from $1.34 billion. Diluted earnings per share climbed to $2.34 from $1.88, extending the bank’s annual profit growth. However, earnings per share declined 4% from the second quarter, when BNY reported $2.45.
BNY reported a 38.5% pretax operating margin, compared with 36.4% a year earlier. Return on common equity improved to 16%, while return on tangible common equity reached 29%. Meanwhile, operating expenses increased 8% to $3.49 billion as revenue-related costs and investments grew.
Asset Servicing and Issuer Services Support BNY Revenue Growth
BNY’s Securities Services business reported $2.82 billion in revenue, up 15% from the prior year. Asset Servicing generated $2.13 billion, reflecting 12% annual growth across the business. Issuer Services contributed $690 million, an increase of 27% from the same quarter last year.
Investment services fees rose 19% to $1.71 billion, supported by both operating divisions. Securities lending revenue increased 48% to $92 million, while foreign exchange revenue climbed 20% to $171 million. However, the Securities Services segment recorded higher costs, with noninterest expense rising 10% to $1.81 billion.
BNY ended September with $63.4 trillion in assets under custody or administration, up 10% annually. Assets under management reached $2.2 trillion, representing 2% growth despite outflows and currency effects. Higher market valuations and fresh client business helped increase custody assets across its operating platforms.
BNY Returns $1.4 Billion to Shareholders as Deposits Grow
The bank returned $1.4 billion to common shareholders during the quarter through dividends and share repurchases. Those distributions included $436 million in dividends and $937 million in share buybacks. Its year-to-date payout ratio reached 86%, reflecting the scale of ongoing capital distributions.
Average deposits totaled $311 billion, a 4% increase from the corresponding quarter of 2025. However, deposits declined 1% from the previous quarter, while average loans climbed 19% annually. The bank also reported a $1 million provision for credit losses during the period.
BNY’s Common Equity Tier 1 ratio stood at 10.9%, down from 11.7% one year earlier. Its Tier 1 leverage ratio declined to 5.7%, while the average liquidity coverage ratio reached 111%. Chief Executive Robin Vince attributed quarterly progress to broader platform growth, client demand, and product development.

The post The Bank of New York Mellon (BNY) Stock: Rebounds as Q3 Revenue Rises 12% and Earnings Jump 24% appeared first on Blockonomi.

En bref
L’action TSM recule de 2,81 %, à 417,99 dollars, malgré les excellents résultats trimestriels de TSMC.
Le bénéfice trimestriel de TSMC bondit de 68,7 %, tandis que son chiffre d’affaires grimpe de 50,9 % sur un an.
Les nœuds de fabrication de puces avancés représentent 79 % du chiffre d’affaires lié aux plaquettes, les puces de 3 nm en tête.
TSMC prévoit un chiffre d’affaires de 52,3 à 54,3 milliards de dollars au quatrième trimestre, porté par la demande croissante de puces de pointe.
Le procédé de fabrication de puces de 2 nm de TSMC représente 8 % des ventes de plaquettes au début de sa montée en puissance.
Taiwan Semiconductor Manufacturing Company a annoncé de solides résultats trimestriels, mais ses actions cotées aux États-Unis ont reculé avant l’ouverture des marchés jeudi. L’action TSM a perdu 2,81 %, à 417,99 dollars, lors des échanges avant l’ouverture, cédant 12,09 dollars après une séance matinale en dents de scie. Ce recul s’est accompagné d’une hausse de 68,7 % du bénéfice et d’une croissance annuelle de 50,9 % du chiffre d’affaires.

En bref
L’Autorité bancaire européenne a classé le stablecoin USDC de Circle dans une catégorie supérieure de jetons de monnaie électronique en vertu des règles MiCA de l’UE.
L’USDC sera désormais supervisé conjointement par l’Autorité bancaire européenne (ABE) et l’Autorité de contrôle prudentiel et de résolution (ACPR) française.
L’USDC est le deuxième stablecoin en importance, avec une capitalisation boursière d’environ 73 milliards de dollars, derrière l’USDt de Tether, qui atteint 184 milliards de dollars.
Les émetteurs de jetons basés dans l’UE font pression pour que des stablecoins adossés au dollar américain et réglementés soient proposés dans la région.
La Banque centrale européenne étudie toujours la création d’un euro numérique, qui pourrait être émis en 2029.

TLDR
The Crypto Council for Innovation and the Blockchain Association asked an Illinois court to fast-track a ruling on the state’s 0.2% crypto tax.
The filing also cited a separate lawsuit from the Digital Chamber and the Illinois Blockchain Association.
Illinois officials already agreed to delay the tax from Jan. 1, 2027, to July 1, 2027.
If the court approves the faster schedule, a decision on the law could come by March.
Blockchain Association CEO Summer Mersinger is stepping down Friday, with former CEO Kristin Smith returning as interim head.
Two major crypto advocacy groups are joining a legal fight against a new Illinois tax on digital assets. The Crypto Council for Innovation and the Blockchain Association want a court to rule on whether the tax is lawful.
The groups filed their request on Tuesday in the Circuit Court of Sangamon County. They asked the court to approve a faster schedule for summary judgment.
Summary judgment allows a court to decide a case without a full trial. The groups said they want “to reach a decision on the tax’s lawfulness as quickly as possible.”
Two Lawsuits Target the Illinois Crypto Tax
The filing pointed to the lawsuit the two groups brought against Illinois state officials. It also cited a separate lawsuit filed by the Digital Chamber and the Illinois Blockchain Association.
The law at the center of both cases is the Digital Asset Tax Act. It places a 0.2% tax on crypto assets in the state.
Earlier this month, Illinois officials agreed to delay the tax by six months. It was set to take effect on Jan. 1, 2027, but will now start on July 1, 2027.
The delay came as part of the Digital Chamber’s lawsuit. The group claimed the tax had been “slipped into the state’s budget” without debate or public feedback.
Digital Chamber CEO Cody Carbone said at the time that the group would keep up its legal fight. He said it would continue “until this tax is struck down for good.”
CCI CEO Ji Kim said the pause helps, but a ruling is still needed. “While pausing enforcement of the Digital Asset Tax Act protects Illinois consumers and businesses from this onerous and legally flawed tax until July 1, it remains imperative that the merits are determined as soon as possible,” Kim said.
Leadership Change at the Blockchain Association
The court filing comes during a leadership change at the Blockchain Association. CEO Summer Mersinger is scheduled to step down on Friday.
Mersinger joined the advocacy group last year. She took the role after resigning from the US Commodity Futures Trading Commission.
Kristin Smith, the group’s former CEO, will return as interim head. Mersinger is expected to stay with the organization until the end of 2026.
For now, the Illinois crypto tax remains on hold. It will not be enforced before July 1, 2027.
The faster schedule requested by the groups still needs approval from the court. If the court agrees, a decision on the merits of the law could come by March, several months before the delayed tax is set to begin.
The post Illinois Crypto Tax Delayed to July 2027 as Legal Challenge Grows appeared first on Blockonomi.

En bref
Le 7 octobre, la commission des finances française a approuvé un projet visant à taxer, à compter du 1er janvier 2027, les gains réalisés lors de certains échanges de cryptomonnaies contre des stablecoins.
La règle s’applique uniquement aux jetons de monnaie électronique visés par le règlement MiCA de l’UE, et non à tous les stablecoins.
Les gains seraient soumis à la flat tax française de 31,4 %, composée de 12,8 % d’impôt sur le revenu et de 18,6 % de prélèvements sociaux.
Les parlementaires examinent également une taxe de sortie pour les détenteurs de cryptomonnaies, le report des moins-values sur dix ans et des règles de déclaration des portefeuilles en auto-conservation.
La mesure n’est pas définitive et doit encore être adoptée par le Parlement.

TLDR
Polygon Labs completed its acquisition of Coinme, a licensed crypto exchange and cash-to-crypto platform.
The deal gives Polygon’s US payments business coverage in 48 states through 37 money transmitter licenses and 11 exemptions.
The business is also registered with FinCEN as a money services business.
Polygon agreed in January to buy Coinme and Sequence for more than $250 million combined.
Tazapay, Mesh, Toku and Kira are among the first companies using Polygon’s Open Money Stack.
Polygon Labs has completed its purchase of Coinme. The deal gives the blockchain company a regulated way to move money between US dollars and digital assets.
Polygon announced the news on Wednesday, Oct. 14. The company said its US payments business now has regulatory coverage across 48 states.
That coverage comes through 37 state money transmitter licenses and 11 state exemptions. The business is also registered with the Financial Crimes Enforcement Network, known as FinCEN, as a money services business.
What Polygon Gets From Coinme
Coinme is a licensed crypto exchange and cash-to-crypto platform. It lets users buy and sell digital assets using cash, debit cards and bank transfers.
When the deal was first announced, Coinme had more than one million users. Its retail network covered about 50,000 locations, according to Polygon.
Polygon first revealed plans to buy Coinme in January. At the same time, it agreed to buy Sequence, a wallet infrastructure provider. The two deals were worth more than $250 million combined.
Polygon also cut some roles at Polygon Labs at that time. CEO Marc Boiron said the company needed its team to become a “leading payments-focused blockchain company.”
Polygon is an Ethereum scaling network. The Coinme licenses now support its payments platform, called Open Money Stack.
How the Open Money Stack Works
Open Money Stack combines digital wallets, payment routing, blockchain settlement and banking connections. Polygon says businesses can use it to handle the full life of a payment.
That process can start with a business accepting dollars through bank transfers, cards or cash deposits. The payment can then settle on the blockchain and be paid out in local currencies.
Polygon says businesses can do all of this through a single connection. This replaces the need to work with several separate infrastructure providers.
Four companies are among the first to use the platform. They are Tazapay, Mesh, Toku and Kira.
Tazapay is a cross-border payments company. It serves more than 1,000 businesses and fintech firms in over 30 countries and is adding Polygon’s wallet and currency conversion tools.
Mesh is a crypto payments network linking more than 300 wallets, exchanges and financial services. It is adding Polygon’s tools that let users fund crypto transactions with regular money.
Toku is a global payroll provider. It is using Polygon’s wallet and payout tools so workers can receive stablecoin pay and turn it into local currency.
Kira is an AI-powered financial services platform. It is using Open Money Stack to offer stablecoins alongside US banking services, including ACH, Fedwire and FedNow payments.
Rahul Shinghal, co-founder and CEO of Tazapay, said Open Money Stack gives businesses “a more direct route between stablecoins and local currency.”
The post Polygon Labs Finalizes Coinme Deal for US Stablecoin Payments appeared first on Blockonomi.

TLDR
VanEck filed a request with the SEC to withdraw its application for a Lido staked Ether ETF.
The firm said it does not intend to proceed with selling shares of the fund.
The fund’s S-1 registration statement was first filed on Oct. 16, 2025.
The ETF would have held Lido staked Ether (stETH) and earned certain staking rewards.
VanEck did not explain its decision or say if a replacement product is planned.
Asset manager VanEck has asked the U.S. Securities and Exchange Commission to let it withdraw its application for a Lido staked Ether exchange-traded fund. The move shelves a product designed to give investors exposure to a liquid staking token.
The request was made in a filing dated Oct. 14, 2026. In it, VanEck Digital Assets said it “does not intend to proceed with the planned distribution” of the trust’s shares.
The company did not explain what led to the decision. It also did not say whether it plans to pursue a replacement product.
What the Fund Was Meant to Do
VanEck first filed the fund’s S-1 registration statement on Oct. 16, 2025. An S-1 is the form companies use to register new securities with the SEC.
The proposed fund would have held Lido staked Ether, known as stETH. This token represents Ether that has been staked through the Lido protocol.
According to the original filing, the fund expected to earn certain staking rewards through its ownership of stETH. Staking rewards are paid to users who lock up tokens to help secure a blockchain network.
The application was one of several new crypto ETF filings submitted in October 2025.
Details of the Withdrawal Request
The withdrawal was filed as a Form RW, which is a request for withdrawal. It was made under Rule 477 of the Securities Act of 1933.
The letter was sent to the SEC’s Division of Corporation Finance in Washington, D.C. It was signed by Matthew A. Babinsky, a vice president at VanEck Digital Assets.
VanEck asked the SEC to approve the withdrawal as of the filing date, or at the earliest practical date after that. The request covers the original registration statement, all later amendments and all exhibits.
The firm said its only reason for the withdrawal is that it no longer plans to distribute the trust’s shares. No other grounds were given in the letter.
VanEck also confirmed several facts about the fund’s status. The registration statement was never declared effective by the SEC.
The firm said no shares have been issued or sold under the registration statement, and none will be. It added that no preliminary prospectus for the fund was ever handed out.
The letter named two lawyers at the law firm Sidley Austin LLP as contacts for any questions. They are Cliff Cone and Etherial Edetan.
The registration statement carried SEC file number 333-290918. VanEck Digital Assets is based at 666 Third Avenue in New York City.
Cointelegraph reached out to VanEck Digital Assets for comment on the decision. The company has not yet publicly explained why it dropped the fund.
The post VanEck Withdraws Lido Staked Ether ETF Application With SEC appeared first on Blockonomi.

En bref
Firelight, un protocole de couverture DeFi sur Flare, a été lancé le 6 octobre et a automatiquement transféré les FXRP déjà mis en staking vers une couverture active.
Les fonds mis en staking peuvent désormais servir à couvrir les pertes des coffres couverts, à commencer par les coffres USD Protected et Protected RWA de Sentora.
Les retraits prennent désormais de 30 à 60 jours, et les récompenses des nouveaux coffres cessent dès qu’un détenteur demande à retirer ses fonds du staking.
Les trois premiers ordres de couverture ont alloué 38 millions de dollars de couverture et facturé environ 56 913,70 dollars de primes.
Le XRP est tombé à un plus bas intrajournalier de 1,32 dollar le 14 octobre, après la publication de chiffres de l’inflation supérieurs aux attentes.

En bref
Le S&P 500 a reculé de 1,1 % et le Nasdaq de 1,9 % mercredi, enregistrant leurs plus fortes pertes journalières depuis juillet.
TeraWulf, Core Scientific, Cipher Mining et IREN ont chacun chuté de plus de 12 %.
Les prix à la consommation aux États-Unis ont augmenté de 3,7 % en septembre, dépassant les 3,6 % attendus par les économistes.
Après la publication des données sur l’inflation, la probabilité d’une hausse des taux de la Fed en octobre a brièvement dépassé 50 %.
La présidente de la Fed de San Francisco, Mary Daly, a déclaré que de nouvelles hausses seraient probablement nécessaires, mais qu’il n’y avait aucune urgence à agir ce mois-ci.
Les actions américaines ont connu mercredi leur pire journée depuis juillet, après la publication de données sur l’inflation plus élevées que prévu. Les entreprises technologiques et spécialisées dans les infrastructures d’IA ont été les plus touchées, et les mineurs de bitcoins ont été parmi les plus durement frappés.