DWF Labs has filed a lawsuit against digital asset custodian BitGo. The suit alleges BitGo breached a token lock-up agreement. DWF is seeking $141 million in damages, claiming BitGo's token sales caused market losses. The case was filed by DWF's subsidiaries, as reported by CoinDesk.
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Zcash developers are targeting January to implement quantum-resistant public payments. The initiative follows security concerns referred to as a 'bunker mode' scare. The upgrade will specifically protect the majority of ZEC held in public transactions. A separate wallet tool will also be developed to enhance privacy by obscuring linked addresses.
On October 9, 2026, financial markets reacted to a foreign policy pledge from former U.S. President Donald Trump regarding Iran. Analysts linked this geopolitical development to rising cryptocurrency prices. Concurrently, bearish traders betting against Bitcoin faced significant liquidation pressure. This combination of events contributed to notable gains in the crypto market.
Bitcoin steadied around $82,500 following a statement from former President Trump ruling out a military strike on Iran. This geopolitical development contributed to market stabilization after recent declines. The cryptocurrency's price remains approximately 4% lower for the week. Meanwhile, ether experienced a more significant weekly loss of about 9%.
Thailand has approved new cryptocurrency regulations that will take effect on October 16. These rules permit Thai asset management firms to launch crypto exchange-traded funds (ETFs) on the country's domestic stock exchange. The regulatory framework will initially allow ETFs based on Bitcoin and Ether. This move aims to expand investment options within Thailand's regulated financial market.
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