IBIT options price trading more calmly after Bitcoin rebound

IBIT’s expected volatility sits near the bottom of its 12-month range, according to Saxo Bank’s analysis of options data from Sept. 23. Source link

KelpDAO Sues LayerZero Over $292M rsETH Exploit

KelpDAO has filed a lawsuit against cross-chain protocol LayerZero following the roughly $292 million exploit of its rsETH bridge earlier this year, alleging that failures in LayerZero’s security infrastructure contributed to the attack. KelpDAO said Friday that LayerZero failed to disclose risks in its technology or prevent attackers from compromising its infrastructure. It also alleged…

Bitcoin ETFs have erased a $5.8 billion hole

Bitcoin investors have done it. They’ve poured billions into U.S.-listed spot bitcoin exchange-traded funds (ETFs) in recent weeks. The result: these ETFs now sit on nearly $800 million in net inflows for the year, according to data source SoSoValue. That’s a 180-degree turn from the red ink earlier this year. Here’s how bad it got….

CFTC Updates Guidance on Tokenized Assets, Blockchain Records after Failed Vote

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy. Source link

Researchers Propose Zcash-Style Bitcoin Privacy Without Soft Fork

Researchers at the cryptography research firm Alloc Init have proposed a system for bringing Zcash-style private transfers to Bitcoin without requiring a soft fork.  The proposal, called Shielded Bitcoin, would conceal transaction amounts, senders, receivers and links to previously spent funds using encrypted notes and zero-knowledge proofs. The paper was published on Thursday by Clara…

Fed Sets Out Stablecoin Rules Under GENIUS Act

The Federal Reserve has proposed capital, redemption and other regulatory requirements for stablecoin issuers under its supervision as it moves to implement the GENIUS Act. The GENIUS Act already requires stablecoin issuers to maintain reserves backing their tokens on a one-to-one basis and limits the types of assets they can hold, including cash, bank deposits…

New York sues Polymarket, alleging it is running an illegal gambling operation

The case adds to a growing fight between prediction markets and state gambling regulators over who has the authority to oversee the products. Prediction market companies argue that their event contracts are financial products overseen at the federal level by the Commodity Futures Trading Commission (CFTC). States have taken a different view, particularly when the…

Bitcoin ETFs add $347M as BTC falls below $84K after topping $87K

US spot Bitcoin ETF inflows slowed to $347 million on Wednesday as Bitcoin fell below $84,000, while five-day inflows reached $2.65 billion. Source link

New York sues Polymarket over alleged illegal gambling business

The action filed by state lawmakers followed a similar lawsuit against prediction markets company Kalshi in July that alleged the platform was running an illegal gambling operation. Source link

Sequans Sells Remaining 314 BTC, Exits Bitcoin Treasury

Sequans Communications has sold its remaining 314 Bitcoin, completing its exit from a Bitcoin treasury strategy that once saw the semiconductor company hold more than 3,200 BTC. On Thursday, the French semiconductor company said the exit follows the redemption of its convertible debt in May and will allow it to refocus on its core cellular…