💲 Tether Payments Raise Questions

WSJ says Tether paid Nxum $6.3 million. One-third of the firm belonged to Bo Hines, then a White House official promoting the GENIUS Act.

Trump signed the law in July 2025. Hines left the White House in August 2025 and joined Tether’s USAT stablecoin business in September 2025.

Nxum said Hines did not work with Tether while in government. WSJ noted a possible conflict of interest but did not allege a legal violation.

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⚡️Crypto Insider × WEEX 💸

We’ve teamed up with WEEX and we’re kicking things off with a new round of bonuses: up to 660 USDT in trial funds across four activities.

Join through our VIP campaign link to take part.

🗓October 17–31, 2026 · UTC+8

1️⃣ Welcome bonus — 10 USDT

Sign up through our campaign link and make a net deposit of at least 10 USDT. Limited to the first 200 eligible new users.

2️⃣ Deposit & trade — up to 300 USDT

Make a net deposit of at least 100 USDT and complete a futures trade with 10 USDT or more in margin.

Net deposit → trial funds:

🔻100 → 50 USDT
🔻200 → 80 USDT
🔻500 → 150 USDT
🔻1,000+ → 300 USDT

Open to new and existing users. First 300 eligible participants.

3️⃣ Futures volume — up to 150 USDT

Rewards start at 3 USDT for 10,000 USDT in volume, reaching 150 USDT at 1,000,000 USDT.

Intermediate tiers are on the campaign page.

4️⃣ Invite friends — up to 200 USDT

Use the campaign’s Invite button to share your referral link.
Valid referrals → trial funds:

🔻1 → 10 USDT
🔻3 → 45 USDT
🔻5 → 80 USDT
🔻10 → 200 USDT

Each friend must hold a net deposit of 100 USDT for a full calendar day (00:00–23:59, UTC+8), complete a futures trade with at least 10 USDT in margin, and pass review.

First 300 users with a valid referral.

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⁉️ Ledger Wallet Spy Module

Mt. Gox ex-head Mark Karpeles opened a Ledger Nano X from MediaMarkt in Germany and found an LTE module inside.

He said it was the same implant found in wallets from Southeast Asia, but ready for mass production. Ledger found no tampering, yet the network removed its products from sale.

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Someone bought 248 BTC for $88,200 in 2013, held it, then moved the entire amount at $20.3M, making a $20,000,000 profit in one trade.

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Timing is EVERYTHING…

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🔗 OnChain: $HYPE

Hyperliquid bought and burned 11.34K $HYPE at an average price of $78.55 over the past 24 hours, totaling $890.9K.

The lifetime burn reached 49.63M $HYPE, equal to 4.96% of the 1B maximum supply. Estimated fees over 24 hours were $764.9K, while revenue over the past 30 days reached $69.94M.

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⚡️ JUST IN: Super League shareholders approve Metaplanet’s plan to invest 2,100 BTC and establish a US Bitcoin treasury platform.

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⚡️ JUST IN: Strive purchased another 1,223 $BTC at an average price of $81,734 last week, raising holdings to 36,818 BTC.

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⚡️ JUST IN: PaperTrade will keep $PAPER non-transferable for now, citing perp attack risks.

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🚩 Echo Protocol Shuts Down

Echo Protocol (ECHO), a platform for using BTC in DeFi, announced its closure after failing to recover from an $80 million hack. New deposits and loans are no longer accepted, and interest accrual has stopped.

Borrowers must repay debts by mid-November, or their collateral will be liquidated to repay lenders. Users can still repay debts, withdraw assets and exit positions. The Aptos-to-B² bridge will remain open for aBTC withdrawals.

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⚡️ JUST IN: In its 2027 outlook, JPMorgan Asset Management projects Bitcoin will outperform stocks, bonds and gold over the next decade at 10% annualized returns.

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In India, the USDT buying premium reached 6.4%, with buyers paying nearly 101 rupees per token instead of the usual 95 rupees per dollar.

The premium reflected high local demand, limited USDT supply, and exchange costs, with a 6,000-rupee overpayment on a 100,000-rupee purchase.

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⚡️ JUST IN: Bitget plans Thai crypto exchange acquisition weeks after $388M hack.

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⚡️ JUST IN: French lawmakers approve a proposal to tax crypto-to-stablecoin conversions at 31.4% starting in 2027.

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😛 SkyAI Exits SOL

SkyAI, formerly Sharps Technology, sold all its SOL after ranking among the top five public holders in September, with over 2 million SOL. As of October 16, it held $223.8 million in cash.

It plans to buy back up to 95% of shares and warrants at $3 each, spending about $201 million. If fully accepted, about $22.5 million would remain. The SOL price condition above $100 was removed.

SkyAI still wants to build a Solana stablecoin and AI financial platform, but gave no timeline or details.

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