Morning Edition · Thursday, October 29, 2026
Crypto
Attacker Drains $7.45 Million From an Avalanche Safe Using an Approval Granted Months Earlier to an Empty Address
No signer key was stolen or phished. The multisig had given unlimited spending rights to an address that anyone could later deploy a contract to, and the owners have offered a 42,500 WAVAX bounty after an automated bot front-ran the attacker.
Crypto
Blockchain Data Provider Allium Revokes Every Customer API Key After a Breach and Has Not Said How Attackers Got In
Allium serves Visa, Stripe and Coinbase, and its services are back online, but the company has not said whether customer data left its systems, while Coinbase faces separate questions about an incident at the analytics vendor Amplitude.
Crypto
Google Previews a Multi-Party Computation Custody Service That Splits Bank Signing Keys Across Rival Clouds
Several financial institutions are testing the system in private preview, Alphabet already uses it for its own assets, and Google plans commercial availability in early 2027.
Crypto
BNB Chain's Jenner Hard Fork Reserves 5% of Every Block for Payments as Payment Rails Earn Revenue for Companies More Than for Tokens
The testnet upgrade also adds a compliance-controlled token standard, while Coinbase promotes stablecoin micropayments and Ripple projects a $900 million revenue run rate even as XRP heads for a weak year.
Crypto
Privacy Rollups Aztec and Miden Pitch Confidential Finance to Institutions While Aztec Rebuilds for Quantum Risk After a Proving Flaw
Aztec has scheduled a full post-quantum migration by the end of 2030, after its own auditors found that its V5 proving system could accept invalid transactions, and Miden is assembling a private-stablecoin stack around Circle's USDCx.
Crypto
Ethereum Researcher Proposes "Ephemeral Rollups" That Hold No Lasting User State as Layer-2 Deposits Fall Across the Board
The proposal argues that rollups need exit mechanisms only because they keep custody of user state, and L2Beat data show value secured on the largest layer-2 networks fell between 2.4% and 29.5% in a week.
Macro
Fed Holds Rates at 3.75% to 4% as Two Officials Vote for a Hike, and Bitcoin Falls Below $80,000
Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented in favor of a quarter-point increase, Chair Kevin Warsh said inflation is too high, and $356 million in crypto positions were liquidated over 24 hours.
Crypto
Utah Files Felony Charges Against Kalshi and Its Co-Founders One Day After the CFTC Sued the State
Utah is the second state after Arizona to criminally prosecute a federally registered prediction market, and Robinhood's results show event contracts now earn it more than crypto trading does.
Crypto
Full-Page Journal Ad Urging Companies to Block Tokenized Versions of Their Shares Draws Securitize Rebuttal as DTCC Builds a Tokenization Service
Reports say nine firms, including Microsoft, Alphabet and Goldman Sachs, opted out of one venue's tokenized listings after the ad ran, while Ondo Finance is reported to be joining the DTCC's tokenization launch.
Crypto
Ethena Pay's 11x Leverage Loop Depends on Borrowing Costs and Exit Funding That Users Cannot Verify
CryptoSlate's analysis finds that the vault's actual leverage and controls are unpublished, and the USDe stablecoin behind the product has a circulating supply of $4.53 billion, according to DeFiLlama.
Crypto
South Korean Regulators Inspect Bithumb After Hackers Breach Its Internal Staff System, as a Miami Court Sentences a Support-Call Scammer
Bithumb says customer assets were untouched but has not ruled out exposure of member data, and the Miami case shows how stolen personal details become impersonation theft worth more than $13 million.
Crypto
Alipay Disowns a Peer-to-Peer Service Selling USDC for Yuan, While Brazil's Itaú Registers as a Licensed Crypto Custodian
China's largest payment network rejected an informal stablecoin on-ramp that had processed about $7,094 across 107 trades, as Brazil closes its licensing window and moves crypto access into regulated banks.