Author: John Smith

Cobo has announced that its consumer wallet app will close on Dec. 1, 2026, with users required to withdraw their assets before the shutdown or face monthly account management fees starting at $100. Summary Dec. 1 marks the consumer app’s closure, with withdrawals required before midnight UTC+8. Monthly fees will equal 2% of remaining assets, subject to a $100 minimum. Jan. 1, 2027, is the first scheduled deduction date, covering December’s account management fee. Cobo says the closure covers its consumer app, which stopped accepting registrations in 2021. Cobo’s shutdown notice, dated Oct. 15 and displayed on its website on…

UNCX’s Vesting V2 exploit has exposed a share-accounting flaw that let attackers inflate their claims on pooled tokens, Immunefi’s security chief has explained following reports of roughly $1.5 million drained across four chains. Summary Withdrawal and cancellation functions left share accounting out of balance, according to Magalhães. Reported losses reached roughly $1.5 million across four networks, with copycat wallets and bots involved. Magalhães advised private contact with affected teams before public withdrawal warnings when possible. Providers and affected projects share responsibility for working toward reimbursement, he said. Gonçalo Magalhães, head of security at Immunefi, told crypto.news that the contract failed…

Tesla-linked perpetual futures have retreated to around $357 on Hyperliquid, reversing an overnight climb toward $380 following Elon Musk’s demonstration of a thruster-equipped Roadster. Summary Hyperliquid’s Tesla contract reversed its climb toward $380 and traded down 0.95% over 24 hours. Binance led daily Tesla-linked trading with $564.49 million in turnover, according to RootData. Hyperliquid held approximately $80 million in open interest, ahead of Binance’s $64.96 million. Tesla will release third-quarter financial results after market close on Oct. 21. Hyperliquid showed its TSLA-USDC contract at a mark price of $356.66, down $3.42 over 24 hours, with approximately $247.8 million in daily…

Pi Network price has bounced above $0.08 near the area that supported its summer recovery, but September’s failed rally leaves buyers with a familiar challenge: holding their gains once price moves away from the lows. Summary PI gained 1.74% to $0.08137 on the Oct. 16 daily chart. September’s recovery stalled near $0.10 before price returned toward its July support area. Crypto With Gopal identified a potential triple bottom requiring a breakout above $0.11. Weekly momentum has improved, although daily money flow remains negative. PI is back in familiar territory. After climbing away from its July lows through August and September,…

Global Ledger has identified $187.75 billion in high risk exposure across 99 crypto exchanges, with 10 platforms accounting for 90.9% of flagged inflows between 2021 and 2025. Summary Global Ledger identified $187.75 billion in risk exposure across 99 crypto exchanges between 2021 and 2025, with 10 platforms accounting for 90.9% of flagged inflows. Sanctions became the largest source of exposure, accounting for 62.2% of risky inflows and 53.8% of risky outflows in 2025. USDT on Tron accounted for 68% of flagged inflows and 80.4% of outflows in 2025, while Bitcoin’s share of risky deposits fell to 11%. The study found…

Ethereum price has recovered more than 4% to approximately $2,462 on October 16, following a drop toward $2,325 as traders examine whether declining exchange reserves can support another attempt to break above $2,550. Summary Ethereum gained approximately 4% over 24 hours after recovering from Thursday’s recent low near $2,325. CryptoQuant reported Binance Ethereum reserves fell 430,000 ETH between August 25 and October 16, 2026. Analyst Ted Pillows identified $2,550 as important resistance following Ethereum’s bounce from the $2,350 zone. Binance Ethereum open interest declined 4.7% over 30 days, according to CryptoQuant analyst CryptoOnchain recently. BitMine reported holding more than six…

Mastercard has launched its Global Money Platform with BVNK, allowing banks, fintech companies and businesses to manage fiat currencies and stablecoins through a single application programming interface (API). Summary Mastercard has launched its Global Money Platform with BVNK, bringing fiat accounts, stablecoin payments and currency conversion together through a single API. Nuvei, Marqeta, Ontop, Beem and Almond FinTech are among the first companies preparing to integrate the platform following Mastercard’s acquisition of BVNK in August 2026. The service connects with Mastercard Move, with local bank payouts expected to cover more than 40 currencies across over 200 countries and territories in…

NEAR Protocol price has climbed more than 12% over the past 24 hours to trade above $5.20 on October 16, as investors assessed the appointment of Helius CEO Mert Mumtaz to the NEAR Foundation Council and analysts watched for a possible recovery toward $6. Summary NEAR Protocol climbed more than 12% over 24 hours, trading above $5 amid renewed buying. Helius CEO Mert Mumtaz joined the NEAR Foundation Council on October 14 to support governance. NEAR remained above four major daily exponential moving averages despite weakening short term technical momentum. Analyst Rekt Capital identified $5.97 resistance and warned that losing…

A U.S. federal judge has rejected an October 15 request by cryptocurrency exchange Gemini Trust and the Commodity Futures Trading Commission (CFTC) to cancel their $5 million settlement, leaving the previously paid penalty and permanent injunction in place. Summary A federal judge rejected Gemini and CFTC’s joint request to overturn their $5 million settlement agreement. Gemini paid the $5 million penalty before both parties requested relief from the existing judgment. Judge Alvin Hellerstein ruled that alleged enforcement misconduct did not justify overturning Gemini’s previous settlement agreement. The CFTC concluded its original Gemini lawsuit would not meet the agency’s current enforcement…

Russia has set July 1, 2027, as the cutoff for direct peer-to-peer cryptocurrency trading, requiring residents to use authorized intermediaries while restricting withdrawals from regulated digital accounts to personal wallets. Summary July 1, 2027, will end direct cryptocurrency trades between individuals outside authorized intermediaries. Regulated digital accounts face separate restrictions on transfers to personal noncustodial wallets. Non-qualified investors can buy up to 300,000 rubles of eligible cryptocurrencies annually through each intermediary. Sberbank and Moscow Exchange have announced plans to introduce cryptocurrency services on Dec. 1. The Bank of Russia clarified in guidance updated on Oct. 12 that Article 30 of…