According to people familiar with the matter, stablecoin issuer Tether Holdings is in talks with investors to raise $15 billion to $20 billion through a private placement, representing approximately 3% of the company. If the transaction is completed, the company's valuation could reach $500 billion, making it one of the world's most valuable private companies. (Jinshi)

Seedify officially disclosed that the private key of one of its developers was stolen by a North Korean state-affiliated hacker group at approximately 12:05 UTC today. The attackers exploited this to modify the OFT contract settings, illegally issuing a large number of SFUND tokens via a cross-chain bridge contract on the Avalanche chain. These tokens were then transferred to Ethereum, Arbitrum, and Base. The attackers then exploited the liquidity on these chains and sold the largest amount on the BNB chain, ultimately allowing the team to take control. Seedify stated that the incident was limited to the minting permissions of the stolen private key; core contracts, user wallets, the official website, and the underlying protocol were not affected. The team has suspended all cross-chain bridges and is working with multiple centralized exchanges to freeze the suspected funds and revoke related permissions. Officials emphasized that BNB's on-chain liquidity is no longer at risk, but cautioned users not to purchase SFUND on other chains for the time being.

Perhaps influenced by SBF’s post, FTT briefly surged past $1.29, a daily increase of over 40%, and is now trading at $1.21. Previous news: SBF X account posted again after six months

FTX founder SBF posted "gm" again after half a year.

According to CME's "Fed Watch," the probability of the Fed keeping interest rates unchanged in October is 7%, and the probability of a 25 basis point rate cut is 93%. The probability of the Fed keeping interest rates unchanged in December is 1.3%, the probability of a cumulative 25 basis point rate cut is 22.5%, and the probability of a cumulative 50 basis point rate cut is 76.2%.

Nasdaq-listed company Fold (FLD) announced a partnership with Stripe and Visa to launch a Bitcoin rewards credit card. Running on the Visa network, users will receive 2% instant Bitcoin cash back on every purchase, increasing to 3.5% when paying with a Fold checking account and up to 10% at select participating retailers. The card requires no collateral or exchange account, and rewards are automatically distributed in Bitcoin.

Acting Chairwoman Caroline D. Pham of the U.S. Commodity Futures Trading Commission (CFTC) announced the launch of a "tokenized collateral" initiative, allowing derivatives traders to use non-cash assets such as stablecoins as collateral to improve market efficiency and transparency. This initiative builds on a pilot program launched in February of this year with Circle, Coinbase, Crypto.com, Ripple, and Moonpay. The industry is invited to submit comments by October 20th. This move is seen as a significant step forward by the CFTC in modernizing capital markets and clarifying crypto regulation.

Cathie Wood, known as "Wood Sister," has reopened her Alibaba (BABA.N) fund for the first time in four years. According to the daily trading report released by Wood's Ark Investment Management, two of its ETFs purchased Alibaba ADRs on Monday, totaling approximately $16.3 million. On Tuesday, Alibaba ADRs hit their highest level since November 2021, nearly doubling year-to-date. According to the SEC's search tool, Ark's first investment in Alibaba dates back to 2014, shortly after the company went public that year. However, no records of investments or proxy voting have been found since September 2021. This latest investment may signal a renewed expansion of Ark's investments in the Chinese internet sector.

tZERO Securities, a subsidiary of tokenization company tZERO, has received approval from the U.S. Financial Industry Regulatory Authority (FINRA) to conduct secondary trading of corporate bonds on its alternative trading system (ATS). The company previously received approval to issue and list bonds and equity securities. tZERO stated that this move will provide institutional and retail investors with a diverse selection of tokenized assets and liquidity, further solidifying its leading position in the issuance, trading, and custody of digital securities.

Tether Holdings, the issuer of the world's largest stablecoin, is in talks with investors to raise up to $20 billion, according to two people familiar with the matter. This deal could catapul the cryptocurrency company into one of the world's most valuable private companies. Tether hopes to raise between $15 billion and $20 billion in a private placement, representing approximately a 3% stake in the company. Negotiations are in the early stages. Depending on the percentage of shares offered, the deal could value Tether at approximately $500 billion, putting it on par with OpenAI and SpaceX. Its most direct competitor, Circle, had a market capitalization of approximately $30 billion on Tuesday afternoon. Tether is at the forefront of the stablecoin market. Its USDT token, pegged to the US dollar, has a market capitalization of $172 billion, making it the largest stablecoin, while Circle's second-largest stablecoin, USDC, has a market capitalization of approximately $74 billion.

The Trump brothers spoke at Korea Blockchain Week 2025, highlighting opportunities in Korea’s crypto market. Executives explored partnerships with local stablecoin projects, showing rising international interest in Korean digital assets.

Google's recently released AP2 protocol defines the underlying rules for payments and transactions for the upcoming Agent economy, providing an interface for crypto assets to enter mainstream AI applications.

More and more crypto wallets are launching their own tokens. This article takes stock of those crypto wallets that have already launched or are about to launch tokens.

Hundreds of investors — many retirees — are staring at financial devastation after following the advice of a high-profile financial influencer and putting their savings into cryptocurrencies linked to Tokenize Xchange.

Ethereum founder Vitalik Buterin's latest article explains the importance of full-stack openness and verifiability and proposes a solution.

Kazakhstan has taken a historic step toward merging national currency with blockchain technology. Partnering with Solana and Mastercard, the country has launched Evo (KZTE), the first stablecoin pegged to the Kazakhstani tenge—a bold experiment positioning the central bank at the heart of the crypto revolution.

Kronos Research has appointed Kevin Lee Coll as Chief Operating Officer to strengthen its institutional platform and support growing demand for digital asset investment solutions. Kevin brings extensive experience in building compliant, institutional-grade platforms and will oversee operations while advancing Kronos’s allocator-ready offerings.

A US court has rejected Justin Sun’s attempt to stop Bloomberg from reporting his crypto holdings worth over $3 billion. The judge ruled there was no confidentiality agreement and dismissed his security concerns, allowing the details to be published.

This would put Tether on par with OpenAI and Elon Musk's SpaceX in terms of private company valuations.

The intertwined themes of weakness in the U.S. labor market and a sell-off in the bond market highlight macroeconomic uncertainty.