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The crypto industry is recoiling from a document reportedly outlining a U.S. Senate Democratic pitch on handling decentralized finance (DeFi) as a component of the wider effort toward regulating crypto in the U.S.The proposal — a detailed outline describing an approach to DeFi, first reported by Politico — suggests that a firm or individuals that handle customer needs on the front end of a DeFi operation should have to register with the Securities and Exchange Commission or the Commodity Futures Trading Commission and be regulated as a broker.The language defining who would be roped into regulation as an intermediary would…

Privacy blockchain Monero has rolled out a new client update to provide users with greater security against “spy nodes” on the network. The “Fluorine Fermi” software update was announced via X on Thursday, with the team stating it is “a highly recommended release.”Fluorine Fermi is the name given to v0.18.4.3 of the Monero software: Monero The term “spy nodes” is part of the vernacular used in the Monero community. It refers to malicious nodes, groups of nodes, or botnets that have the potential to calculate and match IP addresses to transactions conducted on the network. The changes focus on using an…

Miami, Florida, October 8th, 2025, Chainwire FLOKI, the community-driven cryptocurrency, has partnered with Water Wells for Africa (WWFA) to fund two new clean water wells in Malawi, a landlocked country in southeastern Africa where many rural communities still lack access to safe drinking water. The initiative reflects FLOKI’s commitment to philanthropy, a core pillar of its project and demonstrates how digital assets can be used for direct, real-world impact. Notably, both wells were fully funded in FLOKI tokens, showing how crypto donations can fuel meaningful development efforts. “At its core, charity is a fundamental pillar for FLOKI,” the team said. “Everyone…

Good Morning, Asia. Here’s what’s making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.ANALYSISPolymarket’s potential launch of the POLY token may mark the end of UMA’s reign over prediction markets and the beginning of an era where truth itself is governed in-house.So far, the token has only been teased. Nothing is known about the tokenomics or utility of the token, but given complaints from the community, it’s possible to speculate on…

Messaging app Telegram founder and CEO Pavel Durov warns that a “dark, dystopian world” is approaching, with governments worldwide rolling back privacy protections.“I’m turning 41, but I don’t feel like celebrating. Our generation is running out of time to save the free internet built for us by our fathers,” said Durov in an X post on Thursday.“Once-free countries are introducing dystopian measures,” said Durov, referencing the European Union’s Chat Control proposal, digital IDs in the UK and new rules requiring online age checks to access social media in Australia.“What was once the promise of the free exchange of information is…

Bitcoin BTC$111,480.33 traders remain optimistic about steadier price ascents in the coming weeks, even as profit-taking dented a recent rally that set fresh records.The premier cryptocurrency by market value briefly fell to $120,000 during the overnight trade, dragging the broader market lower. Ether ETH$4,005.03 dropped 2.4% in the past 24 hours to reverse all gains from the past 7 days, Solana’s SOL, XRP$2.8246, DOGE$0.2513 and Cardano’s ADA fell up to 3%, CoinDesk data show.The weak tone in BTC contradicts the continued demand for the U.S.-listed spot ETFs. This week, ETFs have pulled in $2.72 billion in inflows, which traders said…

Leading privacy blockchain Monero has released an important upgrade that significantly strengthens user protection against spy nodes.The blockchain announced CLI v0.18.4.3 ‘Fluorine Fermi’ on X, calling it a highly recommended release that enhances protection against spy nodes.Monero relies on a decentralized peer-to-peer (P2P) network where nodes (computers) connect directly to each other to share and verify transactions and blocks.Privacy is ensured through several key technologies: each transaction uses unique stealth addresses so that the recipient’s actual address stays hidden; ring signatures mix a sender’s transaction with other decoy transactions, making it unclear who really sent the funds; and Ring Confidential…

Financial research and analysis firm Fundstrat says Ether (ETH) could fall to $4,200 within days before heading higher and eventually rallying to $5,500. “I do not make much of crypto weakness in recent days, and expect ETH likely bottoms out over the next 1-2 days before heading back higher,” said Fundstrat Global Advisors managing director Mark Newton.His commentary was shared by BitMine chairman and Fundstrat adviser Tom Lee on Thursday. Newton also noted that there has been a “minor three-wave pullback,” which he said was expected to end over the weekend.Newton said that Ether has already corrected from its September rally…

If you’re looking for an extensive Bybit review to start trading digital assets, look no further. Established in 2018, Bybit has gained immense popularity among crypto communities, especially for trading derivatives and its competitive fee structure. It also offers multiple trading features, catering to both beginners and advanced traders alike. In this article, we’ll walk you through various aspects of Bybit, including its key features, staking options, and fees. We’ll also guide you on how to create a Bybit account, execute trades, and make deposits or withdrawals.Bybit Exchange Review: Quick SummaryCrypto exchangeBybitLaunch year2018FounderBen ZhouKey features and trading optionsSpot trading, margin trading,…

XRP chopped in a narrow $2.78–$2.85 band, masking heavy institutional selling and rising leverage risks. Exchange reserves climbed to nine-month highs on 440M tokens distributed over 30 days, while futures open interest swelled near $9B. Bulls continue to defend the $2.78 floor, but distribution patterns cap upside momentum.News BackgroundXRP traded flat to lower in the 24 hours to Oct. 10, opening near $2.83 and closing at $2.82. The token briefly rallied to $2.85 before rejection, with volumes spiking above 123M at 08:00 — double the daily average — confirming institutional activity at key levels. The session came as traders positioned…