Market news
Stocks and crypto headlines from Alpaca. Stored for 7 days. Total: 3834.
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California faces scrutiny over economic woes amid wealth tax debateCalifornia's economic struggles and political dynamics could significantly impact public opinion and policy decisions, affecting future governance. The post California faces scrutiny over economic woes amid wealth tax debate appeared first on Crypto Briefing .
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OpenAI and Anthropic slash prices in aggressive push against open source AI modelsThe aggressive price cuts by OpenAI and Anthropic could reshape the AI landscape, challenging open source viability and intensifying global competition. The post OpenAI and Anthropic slash prices in aggressive push against open source AI models appeared first on Crypto Briefing .
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Mantle Says Tokenized Asset Count Has Jumped From 71 To 1,473 This YearTL;DR Mantle says the number of tokenized assets on its network has climbed to 1,473 from 71 at the start of 2026. Distributed Asset Value has reached about $476 million, up roughly 110% over the past 30 days. The network now hosts tokenized equities, ETFs, stablecoins and other real-world assets from several major issuers. Mantle is reporting a sharp acceleration in its tokenized-asset business, with both the number of assets on the network and their distributed value reaching new highs. The network says 1,473 tokenized assets are now represented across its infrastructure, compared with just 71 at the beginning of 2026. Distributed Asset Value has reached approximately $476.1 million. The Asset Count Has Grown More Than Twentyfold The jump is larger than a normal month-to-month TVL story. Mantle’s tokenized-asset count has increased more than twentyfold since January. The network also says Distributed Asset Value has risen about 110% during the past 30 days. That measure covers assets distributed through the ecosystem rather than simply the value locked inside a single DeFi application. Mantle points to a growing range of products behind the increase, including tokenized stocks and ETFs, regulated stablecoins and yield-bearing assets. Issuers and infrastructure providers associated with the ecosystem include xStocks, Securitize, Ethena and Paxos. The mix matters because the tokenization market is moving beyond a small collection of Treasury products. Equities, funds, stablecoins and structured products are increasingly being issued through the same blockchain infrastructure. Distribution Is Becoming As Important As Issuance Tokenization initially focused heavily on issuance. The question was whether a regulated financial asset could be represented legally and technically on a public blockchain. That problem is increasingly being solved. The harder question is what happens after the token exists. It needs liquidity, distribution, collateral use, settlement infrastructure and applications willing to integrate it. Mantle has been positioning itself around that second stage. The network wants to connect issuers with exchanges, custodians, market makers and DeFi protocols rather than simply count how many assets have been minted. The $476 million figure remains small compared with conventional securities markets. But the pace of growth is notable. Moving from 71 tokenized assets to 1,473 in less than a year suggests the ecosystem is becoming meaningfully broader rather than relying on one or two large products. Tokenized finance is beginning to resemble an actual market rather than a collection of experiments. Mantle is betting that the networks able to distribute those assets will capture as much value as the companies issuing them. This article was written by the News Desk and edited by Samuel Rae.
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US Charges Man After Crypto Scam Wallets Received More Than $53MTL;DR U.S. prosecutors have charged a Vietnamese national with money laundering tied to alleged cryptocurrency “pig butchering” schemes. Prosecutors say wallets controlled by the defendant received roughly $53.3 million linked to fraud schemes targeting U.S. victims. One victim allegedly transferred about $16 million after being directed to a fake crypto investment platform. U.S. prosecutors have charged a Vietnamese national over an alleged cryptocurrency fraud network that moved more than $53 million through wallets connected to “pig butchering” scams. Trung Nguyen Van, 37, faces two money-laundering counts in the Western District of Missouri following an appearance in federal court in Los Angeles. The charges are allegations and have not been proven at trial. One Victim Allegedly Lost About $16M According to the U.S. Attorney’s Office, the case grew from an investigation into a victim who believed they were investing through a cryptocurrency platform called Triangle. Prosecutors say the victim transferred approximately $16 million in crypto during the summer of 2024 after developing trust with people involved in the scheme. The victim was eventually unable to withdraw the supposed investment. Investigators then connected the recipient infrastructure with other suspicious wallets and reports from additional U.S. victims who described similar experiences. Authorities say crypto wallets controlled by Van received approximately $53.3 million in assets linked to wire-fraud schemes and subsequently transferred roughly $53.2 million onward. The complaint alleges those transactions were part of laundering funds obtained through fraud. Crypto Makes The Money Movable, But Also Traceable Pig-butchering schemes generally involve scammers cultivating a relationship with a victim over time before directing them toward a fake investment opportunity. Crypto is often used because large amounts can be moved quickly across borders without relying on a conventional bank transfer. The same blockchain records can later become evidence. Wallet addresses, transaction histories and transfers between exchanges can give investigators a trail that is difficult to erase completely. That does not make recovering funds easy. Assets can move through multiple wallets, bridges, privacy tools and exchanges before law enforcement knows an incident has occurred. The Department of Justice says the FBI investigated the case. Van is presumed innocent unless proven guilty, and the criminal complaint itself is not evidence of guilt. Still, the numbers illustrate the scale these fraud networks can reach. A single victim allegedly lost around $16 million. The wallets prosecutors say were connected to the defendant handled more than three times that amount. Crypto scams have become increasingly industrialized. The law-enforcement response is becoming more blockchain-native too. This article was written by the News Desk and edited by Samuel Rae.
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Michael Saylor Wants Bitcoin Inside Banks and a $100 Trillion Digital Asset IndustryMichael Saylor wants banks to hold and lend against Bitcoin, and says digital assets could become a $100 trillion industry. The post Michael Saylor Wants Bitcoin Inside Banks and a $100 Trillion Digital Asset Industry appeared first on BeInCrypto .
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River Exchange sues Canadian Bitcoin miner for $6.7M over unpaid refundsThis lawsuit highlights ongoing cross-border tensions in the Bitcoin mining sector, potentially affecting future US-Canada business relations. The post River Exchange sues Canadian Bitcoin miner for $6.7M over unpaid refunds appeared first on Crypto Briefing .
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Blockchain Association CEO Summer Mersinger To Step Down In OctoberTL;DR Blockchain Association CEO Summer Mersinger will step down on October 16 and remain as an adviser through the end of 2026. Founding leader Kristin Smith will return as interim CEO from October 17. The leadership change comes during an unusually active period for U.S. digital-asset legislation and regulation. One of Washington’s most influential crypto trade groups is changing leadership. Blockchain Association announced that CEO Summer Mersinger will step down on October 16, with former chief executive and founding leader Kristin Smith returning as interim CEO the following day. Mersinger will remain as an adviser through the end of the year to assist with the transition. Kristin Smith Is Going Back To The Organization She Built Smith was Blockchain Association’s first employee when the group launched in 2018. She subsequently served as chief executive until 2025, growing the organization into one of the crypto industry’s most visible lobbying and policy groups in Washington. Mersinger took over in June 2025 after serving as a commissioner at the Commodity Futures Trading Commission. Her tenure coincided with a period of rapid change in U.S. digital-asset policy, including new stablecoin legislation and increasingly detailed guidance from federal regulators. Blockchain Association credited Mersinger with helping steer the organization through those developments and with increasing its engagement with lawmakers and agencies. Smith currently also serves as president of the Solana Policy Institute. The Association says she will take the interim role as it begins the process of identifying its next permanent chief executive. Crypto Policy Has Moved From Defense To Rulemaking The leadership change arrives at an interesting point for the industry. For years, much of crypto lobbying in Washington was defensive. Trade groups spent significant resources arguing against enforcement-led regulation and trying to persuade lawmakers that digital assets needed a bespoke framework. That conversation has shifted. Stablecoin legislation has moved forward, regulators are publishing increasingly granular guidance and Congress has spent much of the year debating broader market-structure legislation. The industry is no longer only arguing about whether crypto should have rules. It is fighting over what those rules should say. That changes the job of a major trade association. The next Blockchain Association CEO will inherit debates around securities classification, DeFi, tokenization, prediction markets, stablecoins and the dividing lines between the SEC and CFTC. Mersinger is not leaving immediately, and Smith’s appointment is explicitly interim. But the handover puts one of crypto’s longest-serving Washington policy figures back in charge at a moment when regulatory decisions are likely to shape the industry for years rather than months. This article was written by the News Desk and edited by Samuel Rae.
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TrendForce forecasts global data center power demand to hit 161 GW in 2026Rising data center power demand may strain global grids, potentially increasing electricity costs and impacting broader energy infrastructure. The post TrendForce forecasts global data center power demand to hit 161 GW in 2026 appeared first on Crypto Briefing .
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SEC clears regulatory hurdle as crypto token buybacks hit record $638 millionCrypto projects spent about $638 million with token buybacks through late August 2026, according to Allium Labs data. That is already a record, up from $545 million over the same stretch of 2025. Hyperliquid accounted for roughly $370 million and Pump.fun for about $200 million, together close to 90% of the total. On Sept. 25, […] The post SEC clears regulatory hurdle as crypto token buybacks hit record $638 million appeared first on CryptoSlate .
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Micron Stock Clears Key Resistance as Analysts Predict 352% Revenue SurgeMicron stock has cleared a crucial resistance level as traders focus on its upcoming earnings, with the average estimate being a 352% revenue surge.
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KelpDAO Sues LayerZero Over $292M rsETH Bridge ExploitTL;DR Evercrest Technologies, the company behind KelpDAO, has filed a civil claim against LayerZero entities and co-founder Bryan Pellegrino. The lawsuit concerns the April exploit that drained 116,500 rsETH, worth about $292 million at the time. KelpDAO alleges LayerZero reviewed and endorsed the bridge configuration later blamed for the attack; those claims have not been proven in court. The company behind KelpDAO has taken its dispute with LayerZero into court, filing a civil claim over the April bridge exploit that cost the restaking protocol roughly $292 million. Evercrest Technologies filed the case in the Supreme Court of British Columbia against LayerZero Labs Ltd., LayerZero Labs Canada Inc. and co-founder Bryan Pellegrino. The allegations include negligence, negligent misrepresentation and defamation. The Dispute Centers On A 1-of-1 Security Configuration The underlying exploit involved 116,500 rsETH moved through a bridge connecting KelpDAO infrastructure with Unichain. At the time of the attack, the assets were worth approximately $292 million. A major point of disagreement since then has been the bridge’s security configuration. KelpDAO alleges LayerZero reviewed and endorsed a setup using a single Decentralized Verifier Network, or DVN, rather than warning the project that the configuration created a dangerous single point of failure. The lawsuit further alleges that LayerZero later blamed KelpDAO for using that design. Those are allegations from Evercrest’s court filing. LayerZero has not been found liable, and the filing does not establish that its account of the events is correct. That distinction is especially important in a dispute where the technical responsibility for a bridge failure is itself part of the case. Bridge Security Is Becoming A Legal Question Too Cross-chain security failures have typically been treated as technical incidents. A bridge gets exploited, investigators trace the funds, developers patch the vulnerability and protocols argue over who configured what. The KelpDAO case could push that discussion into a different arena. If infrastructure providers review or recommend security configurations used by third-party applications, courts may eventually have to decide what responsibility comes with that advice. That has implications well beyond KelpDAO and LayerZero. Interoperability systems depend on protocols integrating software and trust assumptions they did not design entirely themselves. When hundreds of millions of dollars move through those systems, disagreements about who understood the risk can quickly become more than engineering disputes. For now, the lawsuit marks the beginning of that process rather than the conclusion. The exploit happened in April. The fight over who bears responsibility for it is only now moving into court. This article was written by the News Desk and edited by Samuel Rae.
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Cathie Wood Brings $1.3 Billion Fund Holding SpaceX and OpenAI OnchainCathie Wood's ARK is tokenizing its venture fund holding SpaceX and OpenAI on Ethereum. Here's what investors actually get. The post Cathie Wood Brings $1.3 Billion Fund Holding SpaceX and OpenAI Onchain appeared first on BeInCrypto .
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The NFT party is over and everybody now owes storage rentIn 2021, Christie's sold a Beeple NFT for $69.35 million, and Sotheby's took another $24.40 million for 101 Bored Ape Yacht Club NFTs, giving cartoon primates the kind of auction-house treatment usually reserved for Fabergé eggs. But now, not five years later, one of the marketplaces that helped sell the digital art revolution is explaining […] The post The NFT party is over and everybody now owes storage rent appeared first on CryptoSlate .
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Probe into Susan Collins’s contributions may impact reelection campaignThe probe could shift voter sentiment, potentially altering the dynamics of a tight race and affecting Collins's reelection prospects. The post Probe into Susan Collins’s contributions may impact reelection campaign appeared first on Crypto Briefing .
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Circle Stock Eyes Comeback Past $100 as Arc L1, USDC, and Bond Yields JumpCircle stock is eyeing a comeback past the resistance of $100 as Arc Layer 1 growth continues and USDC market cap rises.
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Strategy Wants To Pay Preferred Stock Dividends Every DayTL;DR Strategy is asking shareholders to approve daily dividend record dates for STRC, STRD, STRF and STRK. The proposed change would alter payment frequency without changing dividend rates or increasing total regular dividend obligations. Shareholders are expected to vote on the amendments at a special meeting on October 28. Strategy is proposing an unusual change to the preferred stocks that sit alongside its enormous Bitcoin treasury: dividends calculated around daily record dates rather than monthly, semi-monthly or quarterly schedules. The company’s board approved the proposal on September 24, with Strategy filing details with the SEC the following day. Shareholder approval is still required. Daily Payments Would Not Mean Higher Dividends The proposal covers four U.S.-listed preferred securities: STRC, STRF, STRK and STRD. If approved, every calendar day would become a dividend record date. Any dividend declared for that date would then be paid on the following business day. That includes weekends and holidays as record dates even though the cash payment itself would wait for the next business day. The important detail is what does not change. Strategy says the amendments would not increase or decrease the regular dividend rates on the four preferred stocks and would not increase the company’s overall regular dividend obligations. This is a change in cadence, not a promise of extra income. STRC would move first, with the initial daily record date expected on November 1 if shareholders approve the change. STRF, STRK and STRD would transition from January 2027. Strategy Is Trying To Make Its Preferred Shares Behave More Like Digital Credit The company has increasingly described its preferred-stock products as “digital credit,” building different securities around fixed or variable distributions while using the proceeds to support its broader capital structure and Bitcoin strategy. Dividend frequency is part of that experiment. STRC only moved from monthly to semi-monthly distributions earlier this year. Now Strategy wants to go much further. More frequent distributions could make accrued income easier to price into the securities and reduce some of the friction around buying or selling shares between payment dates. Strategy says the goal is to support liquidity, demand and price stability. The change is not automatic. The proposal will go to a special shareholder meeting expected on October 28, and the amended terms would only become effective after shareholder approval and the required corporate filings. Strategy is best known for accumulating Bitcoin. Its capital structure is becoming nearly as experimental as the asset sitting inside it. If shareholders approve daily dividends, the company’s preferred shares will begin to look even less like conventional quarterly-income securities and more like continuously accruing financial instruments. This article was written by the News Desk and edited by Samuel Rae.
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OpenAI confirms existence of self-replicating prompt injectionsThe confirmation of self-replicating prompt injections highlights urgent security challenges, necessitating robust defenses in AI systems. The post OpenAI confirms existence of self-replicating prompt injections appeared first on Crypto Briefing .
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OpenAI AI agents bypass security at US government websites, raising concernsIncreased regulatory scrutiny and investor concerns may impact OpenAI's market valuation and future AI deployment strategies. The post OpenAI AI agents bypass security at US government websites, raising concerns appeared first on Crypto Briefing .
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Fed proposed stablecoin rule could trigger a 48-hour liquidation runThe Federal Reserve's proposed rules for the payment stablecoin issuers it supervises include a crisis clock measured in hours. An issuer whose reserves fall below the value of its outstanding tokens would have 24 hours to notify the Fed and submit a plan to restore full backing. Unless it closes the gap or the Fed […] The post Fed proposed stablecoin rule could trigger a 48-hour liquidation run appeared first on CryptoSlate .
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XRP Price Shows Calm Before the Storm as ETFs Near $2 Billion MilestoneXRP price is showing signs of having a calm before the storm as ETF inflows jumps and approaches the $2 billion milestone.