Several users have reported unauthorized charges on EtherFi’s virtual cards despite not making any transactions or pre-authorizations. Crypto KOL @keyahayek suggested the issue may stem from vulnerabilities in EtherFi’s upstream or downstream partners and advised users to pause card usage. EtherFi CEO Mike Silagadze said the company is working with its credit card partner to investigate and confirmed that all affected users will be refunded.https://t.co/csEjBBydax ...

Weekly Project Updates: Consensys Plans to Launch IPO, EtherFi Proposes $50 Million Token Repurchase, Circle Launches Arc Blockchain Public Testnet, Vitalik Praises ZKsync’s Contributions to Ethereum Ecosystem, etc https://t.co/k2pJ6rO64W https://t.co/yvK3l2ntae ...

Market Sentiment - Crypto market shows cautious sentiment as smart traders and long-term investors turn bearish across different time horizons [1] - AI-related stocks continue to rise, while cryptocurrencies remain under pressure for several months [1]

According to Bloomberg, Faruk Fatih Ozer, founder and former CEO of the defunct Turkish cryptocurrency exchange Thodex, has been found dead in his prison cell. Authorities are investigating the possibility of suicide. Ozer was sentenced to 11,196 years in prison in 2023 for fraud and other crimes. Thodex was founded in 2017 and collapsed in 2021, after which Ozer fled to Albania before being extradited back to Turkey. https://t.co/XcxK2Ftfyh ...

Hyperliquid Founder: We Don't Worship "996"— Our Team Has the Highest Bar in the IndustryIn an interview with TBPN on October 22, Hyperliquid founder Jeff shared his perspective on work intensity and expressed a different view on the "996" culture. He believes the key lies not in working hours, but in the quality and depth of one's contribution.The Hyperliquid team currently consists of only 11 members, yet operates with exceptional efficiency and technical standards. Jeff mentioned that his own work hours ...

ZKsync has launched its Atlas upgrade, delivering over 15,000 TPS, sub-second ZK finality, and near-zero fees while enabling real-time L1-L2 liquidity interoperability. The upgrade allows ZKsync-based chains to directly access Ethereum's liquidity without separate pools, transforming Ethereum into an institutional-grade settlement layer by rearchitecting L1/L2 capital structures. https://t.co/aS0l4Lssey ...

Regulatory Initiatives - Malaysia's central bank has launched a three-year real-world asset tokenization initiative [1] - The initiative includes establishing a Digital Asset Innovation Hub and an industry working group [1] Use Cases - Exploring use cases range from supply-chain finance to Islamic finance [1] Timeline - Proof-of-concept and pilots are targeted for 2026 [1] - Expanded trials are planned for 2027 [1]

Market Outlook - Bitmine Chairman Tom Lee expresses optimism about the future performance of Bitcoin (BTC) and Ethereum (ETH) [1] - Tom Lee views Ethereum as a monetary base and standard, retaining value even without L2 gas fees, similar to how USD reinforces the dollar's value [1] Potential Growth - Ethereum (ETH), currently around $4,500, could potentially rise to $60,000, a 15x (1500%) increase [2] - A 15x increase in ETH value, combined with NAV expansion, could substantially re-rate companies with existing ETH inventories [2] - Related firms could potentially reach market capitalizations in the hundreds of billions of dollars [2] Company Strategy - MicroStrategy could become a U S giant by virtue of its Bitcoin holdings [2] - Future banks built on Ethereum will participate in ETH staking [2]

Initiative Overview - Pump fun launched "Spotlight" to advance Internet Capital Markets (ICM) [1] - The program aims to support utility token projects [1] Support Areas - Spotlight will improve project visibility [1] - Spotlight will enhance liquidity mechanisms [1] - Spotlight will provide marketing and communication support [1] - Spotlight will optimize tokenomics and onboarding [1] Goal - Pump fun aims to help more high-potential teams tokenize their projects [1] - The initiative seeks to build a true Internet Capital Market [1]

According to Bloomberg, Coinbase is in late-stage talks to acquire stablecoin infrastructure startup BVNK in a deal valued at around $2 billion, pending due diligence and potentially closing by year-end or early next year. Stablecoins accounted for approximately 20% of Coinbase’s revenue in the third quarter. https://t.co/k73khtCYoO ...