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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.
Standard Chartered Debuts Bitcoin Trading for UAE Wealth Clients
Standard Chartered announced bitcoin trading for affluent UAE clients on October 14, allowing direct purchases through bank accounts. The move positions the bank as the first international institution to offer the service in the country and extends its existing crypto operations in Luxembourg and Hong Kong.
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.
From the feed · 13
Polygon Labs expects its regulated payments business to turn profitable in 2027 after acquiring Coinme, which lets it handle conversions between crypto, stablecoins and traditional currencies itself. CEO Marc Boiron says the deal lets Polygon keep customer relationships and fees that previously went to payment intermediaries.
Deutsche Bank's crypto custody service is weeks from launch and will expand to Asia next year, Reuters reported Friday, citing the bank's corporate banking leadership. It will start with major cryptocurrencies such as bitcoin before adding stablecoin services, Bitcoin Magazine reports.
Russians have until July 1, 2027 to trade crypto directly with each other. After that date, deals must run through brokers or exchanges approved by the Bank of Russia, Decrypt reports.
Australia has introduced legislation that would require crypto platforms to report transactions involving Australian residents to tax authorities starting July 2027, Watcher Guru reports. The bill also covers international tax information sharing.
$948 million in crypto positions were liquidated across 177,440 traders in 24 hours, with longs making up 90.6%. Bitcoin fell below $80,000 after hotter CPI and PPI data revived bets on another Fed rate hike.
About $350 million in crypto long positions were liquidated in roughly 10 minutes early Thursday as Bitcoin fell below $81,000 and Ether below $2,400, Watcher Guru reported.
AI agents made more than 138 million crypto payments through Coinbase's x402 protocol on Base by Q3 2026, up from roughly 1,500 in mid-2025, according to a Chainalysis report. More than 87% were micro-transactions between a hundredth of a cent and 10 cents.
Payward is acquiring Lithuania-based Saldo Bank, the first digital asset company to buy an EU-licensed lender. The undisclosed deal is expected to close in 2027 and will let customers borrow and lend against crypto holdings without selling.
Wells Fargo's CEO reportedly said the bank is preparing for potential US crypto stablecoin opportunities.
Russia’s central bank now lists 10 authorized crypto exchange operators and six digital custodians. Sberbank joins the register ahead of its planned Dec. 1 launch for Bitcoin, Ether and Tether trading.
South Korea's FIU has approved blocks on 27 websites run by unregistered crypto exchanges, including KuCoin, MEXC, Phemex and Bitrue. The agency noted that existing users could face withdrawal complications and plans to offer guidance through DAXA.
Bitcoin briefly fell below $82,000 on Monday evening, and about $120 million in crypto long positions were liquidated within 15 minutes, according to Watcher Guru.
$2 trillion wealth transfer to younger investors is expected to drive crypto demand, Bitmine chairman Tom Lee said, as the ether treasury firm buys more toward a 5% supply target.