Bitcoin prices fell to $80 400 during the week, driven by market liquidations exceeding $1 billion and rising oil prices. Spot Bitcoin ETFs saw a net outflow of $681 million, with a record single-day exit of $487 million on October 7. The total market capitalization of digital assets decreased from $2.9 trillion to $2.83 trillion.
Ledger is investigating potential wallet compromises linked to the reseller CryptoBilis in Southeast Asia. While the company has not confirmed the scale of losses, analysts estimate damages exceeding $86 million across Bitcoin, Ethereum, and TRON networks. Ledger advised users who purchased devices from this reseller in the last 90 days to avoid setup and consider migrating assets.
Ethereum Foundation researcher Justin Drake warned of potential ECDSA signature vulnerabilities due to AI advancements, suggesting a shift to quantum-resistant addresses. Meanwhile, the US FinCEN withdrew two crypto-related regulatory proposals from 2020 and 2023, citing a deregulation policy. Additionally, Kyrgyzstan has begun liquidating its state-backed stablecoin USDKG.
The CFTC is seeking to classify event contracts as swaps to maintain regulatory oversight over platforms like Kalshi and Polymarket. This move is currently being challenged in the US Supreme Court by the National Football League, which argues these contracts constitute gambling. A decision on whether the court will hear the case is expected by December.
