Morning Edition · Wednesday, October 7, 2026
Crypto
Pudgy Penguins' Abstract becomes the second Ethereum layer-2 network to shut down in a week
Igloo will close Abstract on December 15 after spending tens of millions of dollars on it, and Blast users have until October 26 to move funds to Ethereum mainnet.
Crypto
Aztec discloses a proving-system flaw that could let invalid transactions pass verification on its Alpha V5 network
Core contributors found the bug on July 27 using AI-assisted auditing. They say they cannot tell whether anyone exploited it, so funds and contract state on V5 should be treated as exposed until a fix ships in V6.
Crypto
Cardano gives token issuers the power to freeze and seize holdings as Conduit sues Tether over a frozen USDT balance
The CIP-0113 standard, a Cardano Improvement Proposal, writes identity, sanctions and transfer rules into the token itself. Meanwhile, the payments firm Conduit is suing Tether over $2.76 million in USDT that Tether froze in connection with a Brazilian investigation.
Crypto
Security roundup: attackers drain a legacy Set Protocol product, a Perpetual Protocol vault and BNB Chain token contracts
A MOKE over-mint on BNB Chain netted about 1,546 BNB, and none of the four losses has been reported frozen, recovered or attributed.
Crypto
Winklevoss twins file for a spot Zcash ETF as privacy developer Amir Taaki says Singapore deported him
The proposed WINK fund would charge 0.25%, one tenth of Grayscale's Zcash product fee. The same day, an early Bitcoin privacy developer said Singapore deported him after about six hours of police questioning.
Crypto
Ethereum researchers debate how to handle orphaned code and serial block verification as base-layer redesign work continues
One post warns that a proposed opcode, a low-level instruction, combined with moving contract code into the state root could leave nodes that synced in different ways holding different state. A second proposes letting block production run ahead of validation.
Crypto
Miden announces a private-finance stack and a self-custodial wallet built on a confidential USDC-backed stablecoin
The PriFi stack pairs partners in identity, custody, neobanking and real-world assets with settlement on Miden, where amounts and counterparties stay off the public ledger.
Crypto
Solana Foundation releases an atomic settlement program for institutions that requires both sides of a trade to be fully funded
The design excludes netting (settling only the difference between offsetting trades). Britain named six banks to lead its first digital gilt, a UK government bond, and OKX raised money from Standard Chartered, Circle and Ripple at a reported $25 billion valuation.
Crypto
The SEC falls to two commissioners under a new rule that lets a single member act alone
The September 30 amendment, adopted without public comment, lets one commissioner form a quorum when every other sitting member is disqualified. U.S. crypto policy increasingly depends on agency discretion rather than statute.
Crypto
Singapore's regulator says Hyperliquid falls outside its jurisdiction, while Germany's Bitcoin.de stays suspended after a MiCA rejection
Hyperliquid Labs told the Financial Times it is registered in Singapore, but the Monetary Authority of Singapore says the decentralized exchange is beyond its scope. Germany's Federal Financial Supervisory Authority (BaFin) refused a partner bank's application, and that refusal keeps Bitcoin.de closed.
Crypto
Bitcoin drops below $84,000 as Iranian tanker attacks push oil, the dollar and Treasury yields higher
About $360 million of leveraged long positions were liquidated in ten minutes. A services-prices index that rose to 74.0 in September has reduced the likelihood of Federal Reserve rate cuts.
Crypto
Ten wallets hold 74% of the new Open USD stablecoin as Arbitrum joins Paxos's Global Dollar network
Analytics firm Crystal found $396 million of Open USD (OUSD) sitting unmoved in eight Tempo wallets. Arbitrum agreed to back the Global Dollar (USDG) stablecoin in exchange for a share of reserve income.