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South Korea to let crypto exchanges freeze withdrawals on hacking suspicion
South Korea's Financial Services Commission plans to issue a no‑action letter that lets crypto exchanges suspend deposits and withdrawals when hacking is suspected.
- The Financial Services Commission will issue a no‑action letter allowing exchanges to freeze deposits and withdrawals on suspected hacking.
- The rule changes the trigger from a confirmed breach to a suspicion, giving platforms minutes to respond.
- GOPAX suspended trading, deposits and withdrawals after receiving a hacking threat, though no breach was confirmed.
Avalanche and CoreWeave record gains following institutional market developments
Elon Musk's Grok AI releases speculative price scenarios for Bitcoin
Ripple backed Evernorth files to resell shares after price drop
Bitmine posts a six billion dollar loss amid falling Ether prices
Bitmine Immersion Technologies reported a $6.3 billion net loss for the fiscal year ended August 31. Falling ETH prices drove $6.2 billion in unrealized losses on digital assets.
New Texas bill proposes ten million dollar Bitcoin limits for local governments
A new Texas bill would allow cities and counties to invest up to $10 million each in Bitcoin. Representative Ron Reynolds pre-filed House Bill 815 for the 90th Texas Legislature.
KNTQ
+4.5%Kinetiq launches Elysium layer 2 network for the Hyperliquid ecosystem
Kinetiq has launched Elysium, a new layer 2 network built using Arbitrum technology to expand the Hyperliquid ecosystem beyond perpetual futures.
Bitcoin holds seventy three thousand dollars as rate hike odds rise
Bitcoin held above seventy three thousand dollars as inflation data shifted interest rate expectations. Federal Reserve Governor Christopher Waller raised the possibility of a fifty basis point rate hike in December.
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