Ethereum researcher Justin Drake has told the crypto industry to start preparing for “bunker mode,” warning that artificial intelligence could find a way to break the mathematics protecting bitcoin and ether wallets in the worst case “in months, not years.” “Today I call upon the blockchain industry to calmly start planning for ‘bunker mode,’” Drake
An Aster trader holds a 20x $XRP short worth about $2.52 million alongside leveraged $BTC, $ETH, $SOL and $DOGE shorts, with all trades reportedly in profit. A large trader on Aster has built leveraged short positions across $XRP, Bitcoin, Ethereum, Solana and Dogecoin, with all five trades reportedly sitting in profit. The $XRP position alone
The IMF has launched a new Global Financial Stability Report (GFSR) analysis on the tokenization of financial assets. This report, presented live from the Bank of Korea, examines the requirements for scaling tokenization and the potential benefits and risks involved. The implications of this analysis could significantly shape regulatory approaches to digital assets in the
Franklin Templeton CEO Jenny Johnson has criticized rival tokenized fund models at TOKEN2049 Singapore, arguing that many remain “digital twins” of traditional products instead of using blockchain as the primary recordkeeping layer. Crypto Briefing reported from the Oct. 8 conference that Johnson contrasted Franklin Templeton’s BENJI products with tokenized funds whose ownership records remain in
Kyrgyzstan has officially shut down its USDKG, a state-backed gold stablecoin project worth $50 million. The government has ordered the liquidation of the issuer, EVA, and the country’s first state-owned crypto exchange, Coin Nomad. This closure follows UK sanctions imposed on EVA in May 2026, which alleged its support for Russia, raising concerns about the
US spot Bitcoin exchange-traded funds (ETFs) recorded $484.9 million in net outflows on Wednesday, reversing Tuesday’s $118.8 million net inflow. The withdrawals were the largest since June 25, when the funds lost $691.7 million, according to Farside Investors. Wednesday’s outflows wiped out the $321.6 million in net inflows recorded over October’s first four trading sessions,
Nate Geraci recently engaged in a conversation about ANDRA, a new ETF tokenization platform. The discussion covered how ANDRA operates and the advantages for ETF issuers. Geraci emphasized the current interest in tokenization and its potential to reshape the ETF landscape, particularly with the SEC’s innovation exemption playing a crucial role in this evolution. For
BitGo’s Frank Wang pointed out the growing need for an infrastructure plan regarding stablecoins as they reshape the payments landscape. Financial institutions must prepare to adapt to these changes, emphasizing the importance of custody, controls, and liquidity. Wang’s comments come ahead of a webinar on October 14, where industry experts will explore the implications of
Crypto and fintech investment firm Deus X Capital has ceased operations as its backers pursue separate investment strategies, the company told CoinDesk. The company, led by former Galaxy Digital (GLXY) executive Tim Grant, will formally unwind on Jan. 31, 2027. Chief Investment Officer Stuart Connolly will remain to oversee the transition, while some portfolio businesses
Ripple is expanding into the business of financing leveraged stock exchange-traded funds, putting the crypto company in a market long dominated by major banks and securities firms. Its prime brokerage division, Ripple Prime, is supplying financing for funds that let investors multiply the daily moves of individual stocks and market indexes, according to a Wall