Bitcoin futures buyers came in force for “Uptober” as buy volume outpaced sell volume by almost $2 billion near new BTC price all-time highs. Key points: Bitcoin futures buy volume indicates that traders are becoming increasingly long-term bullish on BTC this month. The $110,000 “gap” in CME Group’s Bitcoin futures remains unfilled. Read more
Kazakhstan is advancing a dual model by piloting its digital tenge CBDC alongside the Evo stablecoin as part of its push to become a crypto hub. Kazakhstan is moving forward with a dual-track approach to digital assets, piloting its central bank digital currency (CBDC) while also backing a state-linked stablecoin. In September, the National Bank of Kazakhstan launched the Evo stablecoin in collaboration with Solana and Mastercard, marking one of the first cases of state-backed stablecoin development worldwide. The central bank has also been progressing with its CBDC, digital tenge, which launched in 2023. “When discussing the Evo stablecoin and the digital tenge, we see not competition, but rather opportunities for integration and interoperability,” Berik Sholpankulov, deputy governor of the National Bank of Kazakhstan, told Cointelegraph on Tuesday. Read more
Crypto hack losses dropped 37% in Q3 to $509 million, but September saw a record surge in million-dollar incidents, led by exchange and DeFi exploits. Total funds lost to crypto hacks and exploits fell by almost 37% in the third quarter, as malicious actors shifted their approach from smart contract attacks to wallet-focused compromises and operational breaches. According to data from blockchain security firm CertiK shared with Cointelegraph, the initial losses dropped from $803 million in Q2 to $509 million in Q3, a 37% decline. Compared to Q1, when hackers stole almost $1.7 billion, Q3’s losses declined by over 70%. CertiK said losses from code vulnerabilities fell sharply, from $272 million in Q2 to $78 million in Q3, while phishing-related losses also declined despite a similar number of incidents. Read more
The US Securities and Exchange Commission has seemingly missed its decision deadline for the Canary Litecoin ETF, adding to uncertainty amid a government shutdown and new generic listing standards. Canary Capital’s spot Litecoin exchange-traded fund is in limbo after the US Securities and Exchange Commission took no action on Thursday, the original deadline for it to make a decision. The SEC’s silence has left the crypto community uncertain about how the regulator will function amid a federal government shutdown and how its new generic listing standards would affect the timelines of dozens of crypto ETF applications awaiting approval. Bloomberg ETF analyst James Seyffart and FOX News reporter Eleanor Terrett noted that the old 19b-4 deadlines for crypto ETF applications may no longer be relevant, as the SEC has asked applicants to withdraw them, leaving the S-1 registration statement as the sole document requiring regulatory approval. Read more