HSBC has launched its Hong Kong dollar-backed stablecoin, RedCoin, rolling it out to more than 3.3 million PayMe app users starting October 23. The launch makes HSBC one of the first major global banks to bring a retail-facing stablecoin to market at this scale. It arrives approximately six months after
Chinese prosecutors are seeking to confiscate 61,896 Bitcoin worth more than $5 billion, along with other cryptocurrency holdings and assets linked to a major investment fraud that affected more than 102,000 investors. The Tianjin No. 2 Intermediate People’s Court accepted the confiscation application on September 28 and published a notice
Starknet token holders have given StarkWare and the Starknet Foundation a clear mandate to begin researching a potential transition from an Ethereum Layer 2 into an independent, quantum-resistant Layer 1 blockchain. The non-binding Snapshot poll ran for seven days and closed today, with 93.52% of voting power in favour, across
Binance founder Changpeng Zhao has urged cryptocurrency users to be cautious when visiting websites after two critical vulnerabilities were discovered in PHP, a programming language widely used to build websites and online applications. In a warning posted on October 21, Zhao pointed to the flaws, identified as CVE-2026-109618 and CVE-2026-109619,
Cloud platform Railway has disclosed a security incident involving unauthorised access to systems that store customer environment variables. The company detected anomalous activity yesterday and has since paused all deployments while it investigates the full scope of what happened. The core of the disclosure is this: an unauthorised third party
The U.S. Securities and Exchange Commission (SEC) has listed three companies seeking to launch blockchain-based trading platforms for tokenized U.S. stocks under its new Innovation Exemption. The firms are TSV LLC, OKXICE and Perpetuals.com, according to the SEC’s official list, updated October 21. TSV LLC submitted its notice of intent
SSV Labs submitted proposal DIP-59 to the SSV Network governance forum on October 21, and the language inside it is more candid than most governance proposals tend to be. Funding has narrowed, and the market conditions and the DAO’s financial position have forced a recalibration. New product development is off
The U.S. Office of the Comptroller of the Currency (OCC) has finalized its rules governing payment stablecoin issuers under the GENIUS Act, establishing requirements for reserves, redemptions, custody and risk management. The rules are scheduled to take effect on January 18, 2027. Announced on October 21, the final rule sets
Pudgy Penguins’ PENGU token is currently trading at $0.008101, up by over 8.5%, with volume settling at $127.34 million. The 24-hour range sits between $0.007479 and $0.008204, with the weekly low at $0.007078. The token has been recovering from a prolonged decline. The catalyst would be the recent announcement: PENGU
Zcash’s NU7 mainnet upgrade is targeting activation at block 3,543,405, expected around November 5, following final changes to ZIP 259, according to Zcash development team Zakura. In an October 21 post on X, Zakura said the activation height was being set as part of the final changes to the deployment
