Finance - Page 13

Ledger says it is investigating reports of lost funds among South East Asia customers who bought devices from the reseller CryptoBilis, and has asked the reseller to pause sales. Loss totals of about $86m come from Hacken and an on-chain analyst, not Ledger. The cause is unconfirmed.

Network upgrades on 8–9 October 2026: the XRP Ledger now lets accounts hand limited powers to other accounts, with one known caveat; Solana cut its target block time from 250 to 200 milliseconds on Friday afternoon UK time; and Sei approved its FlatKV storage migration. What changes for users and builders.

Update, 9 Oct 2026: Bloomberg reports that OpenAI expects to reach or exceed $70bn in annualised revenue by the end of the year, citing people familiar with the matter. That is a projection, not current revenue, and OpenAI declined to comment. The Financial Times reports that OpenAI told investors its annualised revenue was "approaching $50 billion" at the end of September, about $20bn below figures reported last month. What "annualised" means, why OpenAI and Anthropic count differently, and what the report does not prove.

Thailand's SEC has issued the rules for bitcoin and Ethereum exchange-traded funds, effective 16 October 2026, though no Thai crypto ETF has launched. Separately, Bitcoin Core 32.0 is still at release candidate 3, with its final tag aimed for 10 October and a privacy fix included. What changes, and what doesn't.

Three crypto policy moves from 8 October 2026: an ESMA opinion telling MiCA-authorised firms to stop services in non-compliant stablecoins, Senator Blumenthal's letter asking Cantor Fitzgerald about its Tether ties, and a Greek draft bill proposing a 10% crypto capital-gains tax. What each one does, and what it doesn't.

Four tokenisation moves from 8 October 2026: Securitize's 1:1-backed tokenised US shares on Solana, Standard Chartered's plan for digital-asset custody in Singapore, NUVA's offshore token tied to US home-equity loans, and Crédit Agricole Assurances' first tokenised investment. What each is, and what it is not.

Three bitcoin business items from 8 October 2026: Block's preliminary, unaudited Q3 Cash App bitcoin figures, an EDX Markets deal to list VerifiedX's tokenised bitcoin (vBTC), and CryptoQuant's reading that miners have made no "extreme" outflows since 21 August. What each says, and what it doesn't.

S&P Global agreed to buy smart-contract security firm OpenZeppelin and led an extension of Kaiko's Series B to $110 million. MoonPay agreed an all-stock deal for SEC-registered North Capital that awaits regulatory approval. What the buyers are getting, and what is still unconfirmed.

ARK tokenised its venture interval fund with Securitize, State Street and Galaxy's SWEEP liquidity fund went live on Stellar, Bybit began accepting Franklin Templeton's tokenised money-market fund shares as off-exchange collateral, and WisdomTree said it plans a MoonPay access point for WTGXX. What each fund is, who can buy it and what liquidity really means.

In a month, a 50/50 ICE–OKX venture published a venue notice under the SEC's Innovation Exemption, Robinhood promised share redemption and voting after AMC's criticism, Ondo connected to DTCC's Fund/SERV and added in-kind conversion, and Aave began lending USDC against Coinbase share tokens. Two questions run through all of it: what do holders actually own, and who can use it?