MicroStrategy IncorporatedMSTR
▲ PositiveCapitalrelevance
Strategy raised $2.01B via share sale, earmarking $1.6B for treasury and buybacks, boosting financial flexibility.
Impact on assets 3
Digital Finance & Tokenization
MicroStrategy IncorporatedFinancials
Standard Chartered PLCSTAN
▲ PositiveTechnologyrelevance
Standard Chartered became first bank to distribute a Hong Kong dollar stablecoin, expanding crypto services.
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BitcoinBTC-USD
▲ PositiveDemandrelevance
Bitcoin ETFs saw record $1.92B weekly inflows, driving largest weekly dollar gain ever.
Theme Impact 4
Crypto Exchanges, Custody & Digital-Asset InfrastructureDigital Finance & Tokenization
Bitcoin / Crypto Treasury & Store-of-Value ProxiesDigital Finance & Tokenization
Stablecoin Issuers & DistributionDigital Finance & Tokenization
Payments Modernization & RailsDigital Finance & Tokenization
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United States▼2impact 4
Ledger device asset drain traced to hidden rogue hardware, losses widen to $93.2 million
Ledger, the maker of cryptocurrency hardware wallets, announced on its official X account that an improperly installed device was found inside the unit of one user affected by an asset drain. In its investigation report, the research team Tibane Labs explained that the rogue device embedded in Ledger's Nano X reads the display data sent to the screen and transmits the recovery phrase used to restore assets to the outside via a mobile phone network. However, the device Tibane Labs examined was not purchased from CryptoBilis, and no link to the current asset drain has been confirmed. Mark Karpeles, former CEO of the cryptocurrency exchange Mt. Gox, also reported that a device he obtained had a spy device hidden behind its screen. The issue came to light after users who bought devices from Southeast Asian vendor CryptoBilis reported asset drains. The blockchain analytics firm Bitquery estimated the losses at $92.9 million, or about 14.68 billion yen at 158 yen to the dollar, as of October 9, and in an investigation report updated on the 10th it widened the tally to 315 wallets and $93.2 million, or about 14.73 billion yen. CryptoBilis has halted sales of all hardware wallets in its inventory until the investigation is complete, while Ledger said it is contacting victims and working with relevant authorities, and urged users who bought devices from CryptoBilis to hold off on initial setup, or if already set up, to consider moving their assets to a different device configured with a new recovery phrase.
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Digital Finance & Tokenization › Crypto Exchanges, Custody & Digital-Asset Infrastructure ▼Technology
Ledger SAS · Technology · Negative Rogue hardware inside a Ledger Nano X leaked recovery phrases, prompting Ledger to warn CryptoBilis buyers and urge moving assets to a new device.
CryptoBilis · Regulation · Negative CryptoBilis halted all hardware wallet sales pending investigation after devices it sold were linked to the asset drains.
Bitquery · · Neutral Bitquery is only cited as the analytics firm estimating the drain losses, not as an affected party.
GlobalUnited States
ChinaOne Year After Bitcoin's Crash, BTC and ETH Liquidity Recovers While Altcoins Remain in the Doldrums
One year has passed since the massive crash in the cryptocurrency market on October 10, 2025, and liquidity in Bitcoin and Ethereum is recovering, CoinDesk reported based on its analysis of buy and sell orders on major centralized exchanges. The study found that the value of buy and sell orders near the current prices of both assets exceeded levels on the day of the crash, while order values for the other altcoins examined continued to decline and spot trading volumes also fell below levels seen at the time, showing uneven recovery across the market. The sharp sell-off on October 10, 2025 came after U.S. President Donald Trump announced 100% tariffs on Chinese goods, with BTC falling from around $122,600 to briefly below $105,000, triggering the forced liquidation of more than $19 billion in leveraged positions in a single day. As of October 7, BTC orders within 1% above and below the current price totaled about $11.7 million, up roughly 75% from the day of the crash, while ETH also rose about 75% within the same range to reach about $5.3 million. Meanwhile, among the altcoins examined, order values within 5% above and below the price fell by about one-third from the start of 2025 to about $2 million, and orders within 1% declined by about one-sixth. Weekly spot trading volume on centralized exchanges averaged about $279 billion over the four weeks through September 27, down about two-thirds from about $801 billion in the week of the crash.
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Digital Finance & Tokenization › Crypto Exchanges, Custody & Digital-Asset Infrastructure Capital
BTC · Demand · Positive Bitcoin order-book liquidity near current prices has recovered ~75% above crash-day levels, indicating improving market depth and demand for BTC.
ETH · Demand · Positive Ethereum order-book liquidity within 1% of price rose ~75% versus the crash day, showing recovering demand and market depth for ETH.
GlobalBitcoin Outperforms Ethereum as ETF Flows and Exchange Balances Diverge
In the first ten days of October, Bitcoin fell about 1.1% while Ethereum dropped 7.4%, marking a major shift in their relative strength. Three factors are behind this. First, according to Farside Investors data, spot Ethereum ETFs saw net outflows for nine consecutive trading days starting September 28, totaling 697 million dollars, while spot Bitcoin ETFs recorded inflows on six of those days, with outflows limited to 437 million dollars. Second, Justin Drake, a researcher at the Ethereum Foundation, warned on October 7 that advances in AI and mathematical methods could accelerate attacks on cryptographic systems, and co-founder Vitalik Buterin said the risk should be taken seriously. Third, according to Santiment data, between October 4 and 8, Ethereum exchange balances rose by more than 100,000 ETH, an increase of nearly 2%, while Bitcoin exchange balances fell by about 15,000 BTC. Ethereum's Fear and Greed Index dropped to 38 as of October 10, down more than 45% from its peak of 69 on September 21.
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Digital Finance & Tokenization › Crypto Exchanges, Custody & Digital-Asset Infrastructure Pricing
BTC · Demand · Positive Spot Bitcoin ETFs recorded inflows on six of the ten days while Ethereum ETFs bled, signaling stronger investor demand for Bitcoin exposure.
ETH · Demand · Negative Spot Ethereum ETFs saw nine straight days of net outflows totaling $697M, plus rising exchange balances and a falling Fear and Greed Index.
JapanStartale Launches 5% Annual-Yield Digital Retail Bonds, Interest Paid in JPYSC
Startale Japan has begun offering digital retail bonds with a 5% annual interest rate. Interest payments and redemption will use JPYSC, a trust-type yen-denominated stablecoin. The bonds are managed on infrastructure built with Hyperledger Fabric, while JPYSC is issued on Ethereum, meaning the bonds and the funds for interest payments do not sit on the same blockchain. The company sees the connection costs of horizontal specialization as a challenge, and has set out a vertical integration strategy that provides everything from base layers such as Strium, a blockchain dedicated to on-chain finance, through to JPYSC and wallets. This initiative is positioned as the current form of efforts to promote the adoption of JPYSC.
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Digital Finance & Tokenization › Crypto Exchanges, Custody & Digital-Asset Infrastructure Technology
Digital Finance & Tokenization › Real-World Asset Tokenization ▲Technology
Digital Finance & Tokenization › Stablecoin Issuers & Distribution Technology
Digital Finance & Tokenization › Stablecoin Issuers Technology
Startale Labs / Startale Group · Technology · Positive Startale launched 5% annual-yield digital retail bonds with interest paid in its JPYSC stablecoin, advancing its vertical-integration strategy for on-chain finance.
ETH · Technology · Positive JPYSC, the stablecoin used for interest and redemption, is issued on Ethereum, giving it a concrete use case in Startale's digital bond product.
United States▼6
US Bitcoin Spot ETFs Reverse to $681 Million Outflow, Ending Three-Week Inflow Streak
Bitcoin Spot ETFs in the United States swung back to a net outflow of about $681 million in the week of October 5-9, ending a three-week streak of consecutive inflows. The selling pressure was spread across the IBIT, FBTC and ARKB funds.
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Digital Finance & Tokenization › Bitcoin / Crypto Treasury & Store-of-Value Proxies ▼Demand
Digital Finance & Tokenization › Crypto Exchanges, Custody & Digital-Asset Infrastructure ▼Demand
BTC · · Negative US Bitcoin spot ETFs saw a $681M net outflow, ending a three-week inflow streak, indicating selling pressure on Bitcoin.
France▼
Ledger Finds Covert Hardware Implanted in Its Crypto Wallet Devices
Ledger, the maker of hardware cryptocurrency wallets, disclosed that it discovered covertly implanted hardware in its products, a security incident affecting holders of digital assets. The news was one of the standout topics in the crypto world for October 11, 2026, alongside developments involving Bitcoin ETF, CryptoBilis, Pump.fun, Robinhood Chain, TRON and XRP Ledger. This report was produced by Crypto Editorial.
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Digital Finance & Tokenization › Crypto Exchanges, Custody & Digital-Asset Infrastructure ▼Technology
Ledger SAS · Technology · Negative Ledger disclosed covertly implanted hardware in its crypto wallet devices, a security/product integrity failure affecting its products.