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⚑️ JUST IN: CFTC probes Polymarket's controls and advertising activity in the United States: Reuters

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⚑️ JUST IN: Robinhood's crypto revenue fell 55% year over year but beat Wall Street forecasts, while crypto trading volume dropped 38% and its blockchain business gained traction.

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⚑️ JUST IN: Bessent says crypto can help keep America's US dollar on top.

At Ripple's conference, he said SEC and CFTC action could fill the gap left by the Clarity Act's failure and curb crypto debanking.

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πŸ‘ Zcash Funding Proposal

Zcash (ZEC) co-founder Sean Bowe proposed ending automatic funding for Zcash Community Grants. A draft ZIP would redirect 8% of new ZEC to the Network Sustainability Mechanism until the funding stream expires.

ZCG holds 91,453 ZEC and $8.8 million. Bowe says that is enough for years of spending. The draft has no activation date, requires a network rule change, and funding continues for now.

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⚑️ JUST IN: South Korean police have opened a preliminary probe into new hacks involving Bithumb, Mirae Asset, and Daishin Securities.

A Coinbase vendor is also among reported data leak cases, while CZ urges Binance users to replace SMS with passkeys or authenticator apps and whitelist withdrawal addresses.

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⚑️ JUST IN: Coinbase blamed Amplitude after contact details of over 70,000 users leaked, saying no customer funds were affected, customers and regulators notified, and password theft remains unconfirmed.

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⚑️ JUST IN: CZ warns leaked exchange data can fuel phishing, SIM swaps and real-world attacks after four reported leaks across crypto and traditional finance.

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⚑️ JUST IN: Japan Bitcoin Industry will raise about $5.3 million in a share sale paid entirely in Bitcoin.

The Lightning Network infrastructure firm will sell shares for about 800 million yen to Pulgur GK and ANAP Lightning Capital, with payment due Nov 2, funding aurora payment infrastructure, hiring and R&D.

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πŸ’² Ripple Bank Gets OCC Approval

OCC gave final approval to Ripple National Trust Bank, Ripple CEO Brad Garlinghouse said. Conditional approval came on 12 December 2025.

The bank can manage RLUSD stablecoin reserves and custody digital assets for corporate clients, but cannot accept deposits or issue loans. RLUSD remains issued by Standard Custody & Trust Company under NYDFS oversight, with OCC supervision now added. Launch timing was not disclosed.

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⚑️ JUST IN: Itaú Unibanco became the first Brazil bank to formalize crypto trading and custody under new central bank rules, notifying the central bank Tuesday before Oct. 30.

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⚑️ JUST IN: After the Clarity Act failed to advance in the Senate, Scaramucci called Elizabeth Warren β€œthe joke of jokes,” saying her posts repeat American Bankers Association talking points.

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⚑️ JUST IN: IBM, Oracle, Intel and IonQ were among 26 companies objecting to OKX and ICE tokenizing their shares.

OKX and ICE told the SEC on Oct. 4 that they planned onchain trading of tokenized US stocks on X Layer, with issuers given 30 days to opt out.

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⚑️ JUST IN: Google to preview its MPC crypto custody system, currently tested by major financial institutions.

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⚑️ JUST IN: Thailand's Supreme Court recognized Bitcoin as legal property, saying it has market value, can be exchanged for cash, and held and transferred by individuals under criminal law.

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⚑️ JUST IN: Ethena launches Earn+, giving users up to 12% APY on their USD balance in Ethena Pay.

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⚑️ JUST IN: The US Treasury will close crypto regulation gaps between the SEC and CFTC with or without Congress, Bessent says.

He called stablecoins a new tool for dollar dominance and a new buyer of US Treasuries. Bessent said the US will win in digital assets and have a stronger dollar.

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🀝 Hayes Proposes AI Compute Futures

Arthur Hayes, co-founder of BitMEX, proposed a futures market for AI computing in his essay The Trifecta.

It describes Flop, where AI agents pay for computing in FLOP, miners earn tokens for completing tasks, and the network records an hourly compute price.

Users could reserve capacity for up to 30 days through resalable contracts. Miners who fail to deliver would lose their FLOP collateral.

Hayes also proposes quarterly futures and a dollar-settled perpetual contract for hedging and speculation. It is only a concept, not a trading launch, and Hayes leads the project he describes.

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⚑️ JUST IN: Hyperliquid unstakes 180,000 $HYPE for monthly team unlocks, while buyer of previous OTC sale remains unknown.

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⚑️ JUST IN: Clarity Act requires crypto brokers to get customers the best available price on every trade, Lummis says.

Democrats requested the requirement but voted against the bill, which Lummis says means voting against a fair price for Americans.

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⚑️ JUST IN: Bitwise projects Bitcoin will reach $1.6 million by 2036.

It previously targeted $1.3 million by 2035, citing institutional demand, limited new supply, and 34.3% average annual returns over the next decade.

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