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This week in crypto: Richard Heart detained, Ledger Atom, Starknet's post-quantum vote
Richard Heart's detention in Istanbul preceded a roughly $246 million drop in HEX's market cap, Ledger unveiled its $849 Atom wallet, and Starknet put a post-quantum layer-1 move to a vote, per Cointelegraph's weekly digest.
Markets slide on AI spending fears and hot CPI data
According to CNBC's Morning Squawk, stocks fell Wednesday on worries over AI-related debt loads, and September CPI came in hotter than expected, marking the 66th straight month above the Fed's 2% target. Chip stocks extended losses in Thursday premarket trading.
Payward Moves to Gain EU Bank License via Saldo Purchase
Bitcoin Magazine reports that Payward, parent of Kraken, signed a definitive agreement to buy Saldo Finance Oy and its banking subsidiary, securing an EU license spanning five markets. Closing is targeted for 2027 and would support deposit interest, loans, credit cards and banking-as-a-service products.
UK court rules Chinese law governs claims to 61,000 seized bitcoin
A London court ruled that Chinese law governs claims over 61,000 bitcoin seized from a convicted fraudster, narrowing victims' recovery path, the Financial Times reported. The decision improves the U.K. government's chances of retaining most of the about £3.8 billion holding.
Crypto roundup: Stablecoin accounting rules, FSB warnings, XRP Ledger patch
CoinTelegraph reports on a proposed US accounting change for stablecoins, an FSB letter warning G20 officials about stablecoin oversight gaps and AI risks, and XRP Ledger developers defending a September emergency patch that bypassed the usual vote.
Ledger tampering reports spread to Europe as AI exposes XRP overflow bug
Reports of Ledger hardware wallet tampering have spread to Europe, though Ledger has not confirmed the European case, and an AI-assisted review uncovered a dormant XRP minting flaw. The incidents highlight ongoing hardware and protocol risks in crypto.
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Stablecoin growth slows when U.S. banks raise deposit rates, a Bank for International Settlements working paper finds, and the effect was stronger for Circle's USDC than Tether's USDT.
Circle says it kept about 7 cents of net profit per revenue dollar in the first half of 2026, after $819 million of its roughly $1.4 billion in revenue went to distribution and transaction costs. In a blog post, it said the remaining $473 million covered compliance, liquidity and product development, as Coinbase-backed rival Open USD passes reserve income to partners after a management fee.