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South Korea clears way for courts to seize and sell Bitcoin for unpaid debts under new November rules

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South Korea clears way for courts to seize and sell Bitcoin for unpaid debts under new November rules
South Korea has established procedures for courts to seize and sell debtors’ cryptocurrency to satisfy civil claims. On Oct. 12, the Supreme Court promulgated Rule 3280, introducing standardized procedures for freezing, transferring, and liquidating digital assets to recover unpaid debts. The regulations take effect on Nov. 1 and cover cryptocurrencies held on exchanges and in … Read more

Global watchdog warns the $300 billion stablecoin market could face bank runs even with full reserves

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Global watchdog warns the $300 billion stablecoin market could face bank runs even with full reserves
The Financial Stability Board (FSB) warned that stablecoins could face redemption crises if, during market stress, reserves become inaccessible across borders. In an Oct. 12 report, the global financial watchdog said stablecoin issuers operating through affiliated entities in different countries could struggle to meet concentrated withdrawal demands when their reserve assets are held elsewhere. The … Read more

France’s tax proposal would tax Bitcoin-to-USDC swaps before investors cash out

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France’s tax proposal would tax Bitcoin-to-USDC swaps before investors cash out
France’s proposed crypto tax changes would make a move from Bitcoin or Ether into certain stablecoins a taxable disposal, even if the investor never withdraws cash. The National Assembly’s Finance Committee adopted amendment I-CF1826 on Oct. 7, adding that proposed exception to a broader overhaul of how private crypto gains are calculated. The provision would … Read more

Standard Chartered brings Ripple’s RLUSD into banking custody after $765 million quarterly surge

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Standard Chartered brings Ripple’s RLUSD into banking custody after $765 million quarterly surge
Standard Chartered has launched custody for Ripple’s RLUSD stablecoin as it prepares to expand its use as collateral for institutional trading. On Oct. 12, the bank announced that eligible institutional clients can now hold RLUSD issued on the XRP Ledger (XRPL) through its Dubai International Financial Center branch, regulated by the Dubai Financial Services Authority. … Read more

What happens when crypto trades stocks while Wall Street sleeps?

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What happens when crypto trades stocks while Wall Street sleeps?
Wall Street closes at 4 p.m., but apparently that’s becoming more of a suggestion than a rule. You can now spend the evening watching Netflix and making leveraged bets on American semiconductor companies while the exchange where their shares trade is closed. Crypto has spent years making financial markets available at every hour of the … Read more

Ethereum open interest rose 2.3% in ETH on Binance as its dollar value fell 6.6%

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Ethereum open interest rose 2.3% in ETH on Binance as its dollar value fell 6.6%
Ethereum open interest in Binance’s ETHUSDT futures contract was 2.27% higher in ETH on Thursday, Oct. 8, over the last 48 hours, even though its USDT-denominated value had fallen 6.58%. Open interest measures outstanding futures exposure. For traders assessing exposure remaining through the price decline, coin quantity separates changes in that exposure from changes in … Read more

Solana sandwich bots took $29.7 million before costs, mostly targeting Pump.fun

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Solana sandwich bots took $29.7 million before costs, mostly targeting Pump.fun
Sandwich bots extracted about $29.7 million before costs from Solana trades over an 11-month period, according to blockchain data provider Bitquery. It found 96% of detected attacks on memecoin platform Pump.fun’s launch curve and its PumpSwap exchange. The investigation, covering successful swaps, counted 6,850,144 attacks by 2,545 bot wallets affecting 2,154,994 distinct wallets between October … Read more

Some Kraken futures limit orders can still fill after a successful cancel

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Some Kraken futures limit orders can still fill after a successful cancel
Some Kraken futures limit orders can still execute after a successful cancellation if the cancel arrives during the Maker Protection hold window. Kraken expanded the system on Oct. 8, bringing that order-handling rule to more contracts. Kraken completed Phase 2 after announcing 61 additional perpetual contracts. Maker Protection applies to selected futures markets; Kraken’s documentation … Read more

EU targets MiCA loophole that lets crypto exchanges serve 27 countries with one license

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EU targets MiCA loophole that lets crypto exchanges serve 27 countries with one license
EU finance ministers agreed to shift oversight of major crypto companies to a central watchdog, reshaping supervision under MiCA. The Council of the European Union reached a political agreement on Oct. 9 to give the European Securities and Markets Authority (ESMA) direct responsibility for the bloc’s most significant crypto-asset service providers, as part of a … Read more