A company plans to issue tokenized catastrophe bonds in Bermuda. The bonds will place legal ownership records on a blockchain. This initiative aims to attract capital for covering disaster risks that are currently expensive to insure. The move seeks to address a gap in the insurance market for such events.
Standard Chartered's digital assets division now offers custody services for the RLUSD stablecoin in Dubai. The bank also plans to facilitate the use of RLUSD as collateral on the LMAX Digital trading platform. This follows a previous $150 million financing arrangement from Ripple to LMAX to integrate the stablecoin. The moves aim to expand institutional access to RLUSD within regulated frameworks.
Hardware wallet maker Ledger stated that a crypto theft affecting up to $93 million has been traced. The company reported that approximately $10 million of the stolen funds have been frozen. Ledger claims every confirmed case involves devices sold by a specific Southeast Asian reseller. Critics argue Ledger must be accountable as the reseller was an authorized sales channel.
Bitcoin's price held near the $83,000 level. It moved in tandem with gold, as both assets steadied. A strong U.S. dollar and rising Treasury bond yields pressured market sentiment. Separately, IREN announced a multiyear cloud services agreement with Anthropic.
The global financial watchdog known as the Financial Stability Board has called for improved cross-border information sharing and crisis planning for stablecoins. The warning highlights that multi-company stablecoins can face complications during a crisis, as reserves may be held in one jurisdiction while redemption demands surge in another. This jurisdictional mismatch could hinder an effective and coordinated response to a potential stablecoin failure. The FSB's statement underscores the growing regulatory focus on the systemic risks posed by these digital assets.
South Korean banks have begun offering loans secured by Bitcoin for the first time. The loans involve third-party custodians holding the cryptocurrency as collateral. In the event of a borrower default, courts would order the sale of the Bitcoin holdings. This development marks a step toward integrating digital assets into the traditional financial system.
SWI Group has secured $894 million in funding to repurpose Genesis Digital Assets. The company, acquired from the FTX bankruptcy estate, was previously a bitcoin mining operation. SWI plans to transform its infrastructure into data centers focused on artificial intelligence. The funding will facilitate this shift from cryptocurrency mining to AI services.
The CoinDesk 80 index, tracking a broad range of altcoins, rose approximately 3% over 24 hours. This gain was more than double that of the major-coin-focused CoinDesk 5 index. Meanwhile, U.S. spot bitcoin exchange-traded funds collectively saw net outflows of $681 million last week. The rally occurred as bitcoin's price remained below $83,500 and overall trading activity was described as thin.
The upcoming week in cryptocurrency markets will focus on U.S. inflation data and discussions around an Ethereum network upgrade. Key economic indicators from the U.S. are anticipated to influence market sentiment. Simultaneously, the Ethereum community is expected to engage in talks regarding a planned technical improvement to its blockchain. These events are scheduled for the week beginning October 12.
The XRP Ledger Foundation has revealed a bug existed for years that could have broken the XRP token's 100 billion supply cap. The flaw was never triggered under normal operating conditions, which is why it remained undetected. The foundation disclosed the bug's existence following its discovery and analysis. This incident highlights a potential vulnerability that was managed without impacting the network's actual supply limit.
Ledger has confirmed the presence of an unauthorized hardware implant in at least one of its devices. The compromised device was sold by the Southeast Asian reseller CryptoBilis and has been linked to cryptocurrency losses. The company states that confirmed cases are currently limited in number. Ledger also maintains that its own internal systems and supply chain have not been affected by this incident.
Bitcoin maintained its value above $84,000, retaining gains made over the weekend. This resilience occurred alongside declining oil prices. Last week, Bitcoin exchange-traded funds (ETFs) experienced substantial outflows totaling over $600 million. The cryptocurrency's ability to hold its ground highlights a divergence from traditional commodity and ETF flow trends.
Multiple parties have filed amicus briefs urging the US Supreme Court to take up cases concerning prediction markets. The Court has not yet indicated whether it will accept these cases. The filings include an interim final rule and a formal rule proposal on the matter. This reflects significant legal interest in clarifying the regulatory status of prediction markets.
The failure of legislative efforts to create a clear regulatory framework, often referred to as 'Clarity', is seen by industry executives as an opportunity. They believe it could speed up developments in areas like tokenization and decentralized finance. However, legal experts warn that without such a framework, key oversight issues for spot markets remain unresolved. This situation could leave lasting uncertainty even as it potentially shields current major players in the crypto industry.
Former President Donald Trump declared an 'energy ceasefire' between Russia and Ukraine. Ukrainian President Volodymyr Zelensky stated the news was unfamiliar to him. He added that Ukraine would agree to such a measure if Russia also consented. The proposal's details and feasibility remain unspecified.
The International Monetary Fund has identified investor demand for tokenized stocks. The IMF notes these blockchain-based shares are being used for smaller and after-hours trades. However, the institution states the market remains volatile and illiquid. This is due to liquidity, legal frameworks, and settlement systems lagging behind the technology.
One year after a sharp market crash in October 2023, Bitcoin and Ether have rebuilt stronger market depth. Their order books now show greater liquidity than before the event. In contrast, alternative cryptocurrencies continue to face declining liquidity. Overall spot trading activity also remains significantly below its peak levels from October 2025.
Executives from Paxos Labs, Theo, and Energy Substantiation see growth potential in tokenizing physical commodities. They believe lending and oil markets represent new opportunities beyond gold. Tokenized precious metals are currently leading this emerging sector. However, tokenizing energy assets presents a more complex challenge according to industry experts.
CoinDesk reports that a major flash crash wiped out $19 billion in leveraged cryptocurrency positions one year ago. The event has prompted the development of improved analytical tools for traders to identify market risks. However, the underlying conditions that caused the sudden selloff are still present. Analysts are questioning whether the broader crypto industry has learned from the event.
CoinDesk analysis shows Bitcoin's overall volatility has decreased. However, the cryptocurrency experienced ten unusually large price moves in 2026. This frequency of extreme daily swings surpasses levels seen in 2018. The data raises questions about how investors assess risk. This occurs as the crypto market becomes more institutionalized.
