Author: John Smith

Sui has reported peak throughput of 40.6 million transactions per second in a live offchain test involving more than 10,000 tunnels, exceeding its July result of about 6.1 million TPS. Summary 40,614,180 TPS was recorded in offchain tunnels during the live demonstration at Sui Basecamp in Singapore. More than 10,000 tunnels supported payments, games, and chat activity, according to Sui. CertiK served as independent auditor, with a detailed review of the test data still pending. Sui’s previous AI payments work includes a partnership with Google’s Agentic Payments Protocol. Sui Foundation said the Oct. 7 demonstration tested infrastructure for rapid interactions…

Hyperliquid Labs has confirmed its registered headquarters in Singapore, where its roughly 11-person team moved in 2024, while the country’s regulator has said it is unaware of the platform being regulated in any major jurisdiction. Summary Hyperliquid Labs has confirmed Singapore as its registered headquarters and acknowledged its unregulated status. People familiar with MAS’s thinking cited decentralization as the reason it considers Hyperliquid outside its jurisdiction. MAS added Hyperliquid to its Investor Alert List on June 26, without imposing a ban. Payward has proposed regulated Hyperliquid-based markets for eligible U.S. customers, subject to approval. The Financial Times reported that Hyperliquid…

House Financial Services Committee Chair French Hill has renewed his push for a permanent US crypto law, saying regulatory action falls short of legislation as the Senate faces just 22 session days after November’s elections. Summary Hill said SEC and CFTC crypto measures cannot provide the lasting framework Congress could establish. The Senate blocked CLARITY Act debate in September, with 49 votes supporting a 60-vote motion. Hill still hopes lawmakers can pass the bill during the post-election lame duck session. Seven commissioner seats remain vacant across the SEC and CFTC, according to the supplied report. Fox Business carried Hill’s comments…

A New York jury has convicted cybersecurity consultant Jonathan Spalletta of computer fraud and money laundering over two Uranium Finance attacks that drained nearly $55 million, with the money laundering count carrying up to 20 years in prison. Summary Spalletta was convicted on both counts after a six-day federal jury trial in Manhattan. Prosecutors traced the theft to two April 2021 attacks that forced Uranium Finance to close. Authorities seized about $31 million in cryptocurrency and rare collectibles tied to the stolen funds. Sentencing is set for Feb. 16, while federal investigators have provided a contact for victims. The U.S.…

Paxos has added XRP to its Crypto Brokerage platform, enabling partners to offer buying, selling, holding, depositing, and withdrawing for a token the company says is held across more than 8.1 million wallets. Summary Paxos has added XRP support for partner trading, custody, deposits and withdrawals. The XRP Ledger Foundation named PayPal, Venmo and major brokerages among Paxos’s existing clients. Schwab’s August token expansion included SOL, AVAX and LINK, without an XRP listing. Ripple has separately expanded custody support to Canton and brokerage services to Brevan Howard. Paxos said its brokerage now supports XRP, giving businesses using its infrastructure another…

Bitcoin has slipped below $84,000 after reaching $87,197 last Friday, while analysts have offered competing views on whether October can deliver a recovery toward $100,000. Summary SideShift founder Andreas Brekken predicts Bitcoin will reach $100,000 within weeks as investor attention turns toward crypto. Bitfinex says holding $84,000 could leave late short sellers exposed if spot buying increases. Nansen’s Jake Kennis says October’s historical gains do not establish a reliable Oct. 5 bottom. DWF Labs’ Martin Lee puts Monday’s $90 million ETF outflow against two months of strong inflows. Andreas Brekken, founder of SideShift.ai, told crypto.news that he expects a strong…

Europol has warned that future quantum computers could threaten cryptocurrency wallets and long-lived encrypted data, urging the crypto industry to begin security preparations before practical attacks become possible. Summary Europol says quantum computers could expose cryptocurrency wallets by deriving private keys from public keys. Europol recommends phased migration to post-quantum cryptography, stronger wallet security, and improved key management practices. NIST has finalized three post-quantum standards and urges organizations to begin migration as soon possible. Bitcoin developers are debating post-quantum migration proposals while custodians test quantum-resistant wallet controls and signatures. Europol says there is no clear evidence harvest-now-decrypt-later attacks are being…

Tether has signed an agreement with Kazakhstan’s central bank and Alatau City Authority to explore a tenge-backed stablecoin, asset tokenization and decentralized finance. Summary Tether has signed an MoU with Kazakhstan authorities to study a tenge-pegged stablecoin pilot proposal. Kazakhstan’s National Bank already regulates stablecoins and tokenized real assets under rules effective May 2026. Alatau City could host a tokenization pilot using Hadron, Tether’s asset issuance and management platform. The agreement includes workshops on reserve management, distributed ledgers, stablecoins, and real-world asset tokenization models. Kazakhstan launched its first tenge-backed stablecoin pilot in September 2025 with Intebix, Solana, Mastercard partners. Tether…

U.S. spot Bitcoin funds took in billions of dollars in late September, yet an onchain estimate of demand for coins across the wider market remained negative. The figures measure different things, and their divergence has become central to judging whether the latest rally has enough buyers beyond the fund channel. Summary U.S. spot Bitcoin ETFs drew about $2.39 billion from September 21 through September 25, according to Farside’s daily figures. CryptoQuant’s 30 day apparent spot demand improved from around negative 182,000 BTC on September 24 to negative 101,000 BTC on October 1, but had not turned positive. Fund shares can…

Crypto’s 200 largest assets have gained just 5% since October 2021 even as annual new token supply has fallen from 26.5% to 3.3%, leaving the market roughly 35% below its long term trend, according to crypto market analyst Jamie Coutts. Summary Crypto’s Top 200 has gained just 5% since October 2021 and remains roughly 35% below its long term trend, according to Jamie Coutts. Annual new token supply growth has fallen from 26.5% to 3.3%, while payouts to token holders have risen fivefold. Crypto projects spent approximately $638 million on token buybacks through August 2026, compared with $545 million during…