Crypto Markets & On-Chain Ecosystem Developments

The Bank of Korea defended its deposit-token initiative Project Hangang at a seminar on October 23, saying central bank money will retain a role even as digital assets reshape finance. Yoon Sung-kwan, a senior official at the BOK, outlined progress on Project Hangang and Project Agora at the

According to The Block, New York Attorney General Letitia James is seeking $1.3 billion from NovaTech founders Cynthia Petion and Eddy Petion following a default judgment issued after the couple left the United States. Four promoters associated with the scheme will return approximately $6 million i

According to Firsthand research, Bitcoin processed an average of 578,000 transactions per day from January 1 through September 28, 2026, surpassing the previous annual record of approximately 525,000 transactions in 2024. However, average transaction fees fell sharply, accounting for just 0.6% of

According to BlockBeats, Monero (XMR) surged 9.4% this week, defying broader market weakness across stocks and crypto. Analyst and trader Peter Brandt attributed the rally to technical similarities with silver's price action before its rise to $125, suggesting potential for a significant upside

Ethereum layer-2 network Abstract announced it will shut down on Dec. 15, joining decentralized trading platform StandX and AI financial intelligence platform Edgen in abandoning token generation events and terminating services. Abstract cited stalled chain growth, weak liquidity, and lack of

According to Bitcoin Magazine, China's Second Intermediate People's Court of Tianjin accepted a confiscation application on September 28 targeting roughly 61,900 bitcoins (worth approximately $5 billion) linked to one of the country's largest fraud cases. Prosecutors allege that Qian Zhimin

According to on-chain analyst PeckShield, the address labeled as the Cysic attacker has deposited 300 ETH (approximately $721,140) and 30.4 BNB (approximately $22,590) to Tornado Cash. The move follows a security incident on Cysic's cross-chain bridge on October 17, when the attacker unauthorized

The Blockchain Association pressed Congress on Thursday for bipartisan crypto tax legislation, marking the group's first broad push on taxes since the Clarity Act failed in the Senate last month. The letter, signed by Chief Policy Officer Lindsay Fraser and addressed to Senate and House

According to Bitcoin Magazine, a shareholder and former Circle employee filed a lawsuit on October 22 alleging that U.S. President Donald Trump received $2 billion from United Arab Emirates investors into his World Liberty Financial cryptocurrency project in violation of the Constitution. The lawsui

According to Bitcoin Magazine, on Thursday, October 22, Bitcoin fell nearly 4% to lows of $81,331 after oil prices jumped above $110, triggering inflation concerns. The cryptocurrency had climbed near $85,000 on Wednesday following tech stock gains, but Middle East tensions and Houthi attacks on

According to Bitcoin Magazine, on October 22, Square Tech, GOAT Network, and DAC Labs signed a Memorandum of Understanding (MOU) to explore AI agent-powered stablecoin payment services in South Korea as part of Square Tech's Digital Solutions business. As an initial priority, the partners will

According to Odaily, Ethereum's ERC official repository has adopted seven AI agent-related proposals submitted by Finch, including ERC-8436 (Agentic Collective Decision-making Framework) and ERC-8444 (on-chain Agentic Resource Discovery). All seven proposals, authored by Finch founder and CEO Gary

HSBC began rolling out its Hong Kong dollar-backed stablecoin, HSBC RedCoin, to users of its PayMe payments application on October 23, 2026, marking a significant step in the adoption of regulated digital currencies by traditional financial institutions. The phased launch targets PayMe's more