crtypto & forex news

TL;DR: Aptos reports roughly 174,570 APT burned in the past 30 days, but gross staking issuance is about 1.5 million APT a month. Fee burns reduce issuance; they have not made the token deflationary . Burning tokens sounds attractive to investors until the other side of the supply equation comes into view. Aptos provides a useful example. The network’s own supply dashboard shows about 174,570 APT destroyed through transaction fees over a 30-day period. Unlike fees paid out to validators, these tokens are permanently removed from circulation. It is an increasingly visible feature of Aptos’s token economics as the chain handles more activity. But the amount being created is larger. The same dashboard puts gross monthly staking emissions at approximately 1.5 million APT, leaving net new supply of roughly 1.4 million tokens a month after accounting for burns. That is why a rising burn figure should not be described as proof that APT has become deflationary. The dashboard ...

TL;DR: Cross River Bank announced an integration of Ripple’s RLUSD stablecoin into its Core Operating System on October 15. The bank aims to give fintech customers access to blockchain settlement alongside conventional payment rails. A US bank is adding a stablecoin to the machinery it uses to move money for fintech customers. Cross River Bank said on October 15 that it is integrating Ripple USD, or RLUSD, into its proprietary Core Operating System, with support for the XRP Ledger. The idea is to make on-chain settlement another available route rather than an entirely separate payment product. Businesses connecting through Cross River’s platform could use stablecoin rails alongside familiar systems such as ACH, wire transfers and other bank payment services. On the XRP Ledger, transactions are designed to settle in roughly three to five seconds at costs that can be a fraction of a cent. Those network characteristics help explain why Ripple is pitching RLUSD for cross-b...

TL;DR: Taiwanese authorities have reportedly restricted access to Coinbase and Kalshi sites over concerns involving election betting. The measures arrive ahead of local elections and underscore differing national approaches to prediction markets. Taiwan has become another flashpoint in the debate over cryptocurrency-linked prediction markets after authorities reportedly restricted access to Coinbase and Kalshi websites. The move was reported in October ahead of local elections scheduled for November 28, with officials citing restrictions on betting linked to political outcomes. Kalshi operates event-based contracts, while Coinbase offers a wider set of cryptocurrency services. The specific reach and technical mechanism of the reported restrictions should not be confused with a criminal conviction against either business. Why Election Contracts Create Problems Prediction markets allow traders to take positions tied to possible future events. Some supporters argue these contracts o...

TL;DR: Ripple Prime is offering eligible institutional clients exposure to perpetual derivatives referencing traditional assets through infrastructure connected to Hyperliquid. The service extends Ripple’s reach beyond cryptocurrency payments. Ripple is deepening its involvement in institutional trading through products connected to the Hyperliquid blockchain ecosystem. The company’s Ripple Prime business has introduced access to derivatives referencing a range of traditional financial markets, including equities, commodities and foreign exchange. The arrangement involves Trade.xyz, which operates trading infrastructure connected to Hyperliquid. Traditional Assets, Around-The-Clock Trading Conventional securities and derivatives markets have defined opening hours. Perpetual contracts, by contrast, can allow traders to respond to price movements outside those sessions. Ripple Prime is seeking to make that market structure available through its institutional brokerage a...

TL;DR: Pirate Chain developers disclosed a vulnerability linked to roughly 39.8 million unauthorized ARRR tokens. The incident raised urgent questions about network supply and how an attack can be investigated when transactions use strong privacy protections. Privacy-focused cryptocurrency Pirate Chain faced a major security crisis after developers reported that unauthorized tokens had been created through a validation flaw. The incident, discussed publicly in mid-October, involved approximately 39.8 million ARRR. That amount was substantial relative to the currency’s existing supply. The project’s privacy features made it difficult to follow the affected funds once they entered shielded transaction pools. The Problem Was Not A Broken Encryption Algorithm Developers attributed the issue to implementation and validation errors rather than demonstrating that the underlying zero-knowledge cryptography had been defeated. That distinction is important. A blockchain can use...

TL;DR: A cryptocurrency scammer reportedly lost roughly 60 BTC, worth around $4.8 million, after depositing proceeds into compromised hardware wallets. The story forms part of a wider supply-chain attack involving modified Ledger devices. Someone accused of stealing cryptocurrency from victims of an online employment scam appears to have suffered an expensive reversal: another group of criminals stole the proceeds. According to analysis reported in October, roughly 60 Bitcoin linked to a fraudulent task scheme was moved into hardware wallets and then drained. At the time, the Bitcoin was worth approximately $4.8 million. Criminal Proceeds Meet Compromised Hardware The original scam reportedly persuaded victims to deposit money under the promise of earnings from simple online activities. The operator later used wallets associated with Ledger hardware devices to store the proceeds. Those assets were subsequently transferred to an attacker-controlled address. The case emerged amid...

TL;DR: Solana’s Accelerate event in Shanghai was abruptly postponed after organisers said registrations exceeded permitted capacity. The disruption came against the backdrop of China’s restrictive policies toward commercial cryptocurrency activity. Solana’s attempt to bring developers together at a major Shanghai event ended in frustration after organisers postponed the gathering shortly before it began. The October 16 disruption affected Solana Accelerate China, a programme intended to connect blockchain developers and businesses in the region. Solana Foundation president Lily Liu said demand had exceeded the declared venue capacity, with registrations increasing dramatically. A Practical Problem In A Sensitive Market The event took place in a country where cryptocurrency-related commercial activities face significant restrictions. That naturally prompted speculation about possible government intervention. But organisers attributed the postponement to attendanc...