Legal
Bitcoin Fog operator’s conviction upheld without Chainalysis disclosing source code
The September 25 ruling upheld Roman Sterlingov’s convictions after he failed to explain why Reactor’s source code was material to his defense.
Sentiment: Neutral
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Digital Asset Treasuries
Strive bought $280 million in Bitcoin, but Bitcoin per common share rose just 1.72%
Strive added 3,311 BTC, but gross Bitcoin per effective common share increased just 1.72% as common and preferred share counts grew.
Regulation
Bank of America backed crypto AML rules but reported over $5 billion in suspicious activity late
Bank of America faces $1.2 billion in penalties after admitting willful AML violations, renewing scrutiny of the compliance standards its CEO backed for crypto firms.
Digital Asset Treasuries
SkyAI risks SEC offer failure if SOL falls under $100
SkyAI reports about 80% of the required cash and approximately 600,000 SOL retained, while its proposed tender still carries waivable conditions.
Stablecoins
US deposit rates choke USDC adoption, and a BIS model reveals why
Historical estimates point to stronger USDC growth sensitivity to deposit repricing, while exchange rewards complicate adoption forecasts.
Technology
Ethereum Name Service plans major .eth overhaul with one irreversible catch for domain holders
ENSv2 would allow users to keep their existing domains, but those who migrate cannot return to the old system.
Derivatives
Australia moves to close crypto derivatives loophole after retail traders lose A$458 million
ASIC wants to extend existing trading safeguards to qualifying crypto-settled derivatives as losses mount across the broader CFD market.
Legal
A $5 billion Bitcoin fortune is at stake, but UK court says being defrauded isn’t enough to claim it
Chinese investors face a new legal hurdle after London's High Court ruled that Chinese law must determine ownership claims over more than 61,000 seized BTC.
Stablecoins
Sky’s $4.4 billion liquidity disclosure shows why USDS cash-outs need a separate bank route
Sky’s PSM converts USDS into USDC using existing inventory. Receiving bank dollars requires a separate eligible issuer and banking route.
Stablecoins
More than half of Ethena’s USDe backing is allocated to lending
LlamaRisk’s October 12 snapshot places 51.2% of backing in lending categories. Pool liquidity, loan recall terms and redemption eligibility shape holders’ exits.
Digital Asset Treasuries
Strategy spent nearly nine times as much on STRC buybacks as Bitcoin last week
Michael Saylor’s firm spent $192.4 million on STRC repurchases and $21.5 million on Bitcoin, leaving $354.8 million in preferred-share buyback authorization.
Legal
South Korea clears way for courts to seize and sell Bitcoin for unpaid debts under new November rules
The Supreme Court's new framework allows the seizure of crypto held on exchanges and in private wallets, including transfers before debtors receive formal notice.
