Modular blockchain platform Initia halted its network Friday after the team confirmed “a security incident” that compromised its operations. According to Initia co-founder Ezaan Mangalji, the attacker exploited the breach to mint an estimated $2.7 million worth of tokens.
Key Takeaways
Initia halted its L1 blockchain and connected rollups Friday after an exploit enabled a projected $2.7…
Colombian Police Dismantle $42M Crypto Drug Laundering Ring
October 24, 2026
The operation involved movements across four different locations to capture “Gallo,” the head of an organization accused of drug trafficking and crypto laundering in Puerto Rico, and Nassim Vasquez, indicted in New York for laundering over $42 million with…
Venture capital powerhouse Andreessen Horowitz is dropping the word “crypto” from the name of its dedicated cryptocurrency investment arm, rebranding the business as a16z Frontier as it expands its focus to artificial intelligence and other emerging technologies.
Key…
Bitcoin Bull Score Index Drops From 80 to 60 as Momentum Weakens
October 23, 2026
Bitcoin’s Bull Score Index has dropped from 80 to 60 since late September, a new analysis shows. The decline signals a slowing trend as the index sits at a threshold the analyst associates with positive momentum.
Key Takeaways
Bitcoin’s Bull Score Index has fallen 20 points since late September.
Analyst views readings above 60 as consistent with positive momentum.
Stronger demand and…
Bitcoin-focused preferred stocks could draw more income-seeking capital into cryptocurrency purchases, a new Fidelity analysis suggests. The firm sees room for growth within the $150 trillion global fixed-income market, with investment outcomes tied to bitcoin’s…
Ripple-Backed Evernorth Eyes $132M Funding Amid XRP Buying Plans
October 22, 2026
Evernorth plans to raise capital to buy more XRP, while existing warrants could provide up to $132.2 million in additional funding. Its latest prospectus details the cash investments and token contributions that helped establish its treasury.
Key Takeaways
Full cash…
Ripple supports the SEC’s proposed crypto framework while seeking protections for exchanges, brokers, and token holders. Its submission defends the agency’s legal authority, challenges token-classification approaches, and requests safeguards against trading restrictions and regulatory uncertainty.
Key Takeaways
Ripple backs formal SEC rules over case-by-case crypto enforcement.
Token status…
Uphold has listed Evernorth’s XRPN stock, giving eligible U.S. investors another way to access an XRP-focused business. The company entered public markets with approximately 473 million tokens and plans to generate earnings from its holdings.
Key Takeaways
Eligible U.S.
Crypto Thieves Hijack Ngrave Alerts and Walk Away With $2.56M
October 21, 2026
A fake security warning flashed across crypto wallets, sending users scrambling to protect their funds. Instead, the alert delivered them straight to thieves who drained roughly $2.56 million, exploiting a trusted notification system without ever cracking the hardware…
Musk’s SpaceX Earnings Rocket Higher as Bitcoin Stash Holds Firm
October 21, 2026
SpaceX delivered a blockbuster third quarter, generating $14.6 billion in revenue, $4.4 billion in net income, and $8.8 billion in adjusted EBITDA. Behind those extraordinary earnings, Elon Musk’s company reported $1.573 billion in digital assets, consistent with its previously disclosed bitcoin holdings of 18,712 BTC. Artificial intelligence (AI) now leads the company’s revenue machine, while…
