Indonesian regulators have extended the registration deadline for cryptocurrency traders to the end of November 2024.

Indonesia's Commodity Futures Trading Regulatory Agency (Bappebti) has issued new rules extending the registration deadline for cryptocurrency traders to the end of November 2024, allowing existing 'Candidate Cryptocurrency Physical Traders' (CPFAK) more time to meet all regulatory requirements to become official 'Cryptocurrency Physical Traders' (PFAK).

Australian Securities and Investments Commission: Former CEO of cryptocurrency exchange Mine Digital charged with fraud.

According to Jinshi News, the Australian Securities and Investments Commission (ASIC) has charged James Cumming, the former CEO of cryptocurrency exchange Mine Digital, with fraud.

BIS report highlights the risks of traditional finance transitioning to tokenization.

According to The Block, the Bank for International Settlements (BIS) released a report on Monday titled "Tokenization in the Context of Currency and Other Assets: Concepts and Their Implications for Central Banks," exploring how tokenization is reshaping the financial landscape and impacting the role of central banks. The report emphasizes that tokenization can bring significant benefits, such as lowering transaction costs and increasing transaction speed, which has attracted the interest of institutional investors; however, these advantages also come with inherent risks and challenges.

The report pointed out several risks associated with tokenization, including potential governance and legal framework issues, as well as credit, liquidity, custody, and operational risks. These challenges may differ from those faced by traditional market infrastructures, requiring central banks to conduct comprehensive assessments. The report states, "Central banks need to evaluate the trade-offs and appropriate balances between different types of settlement assets in token arrangements, and identify, monitor, and assess tokenization arrangements that may need to be subject to sound regulation and supervision."

The BIS report highlights the potential impact of token arrangements on the implementation of monetary policy, particularly regarding changes in regulated market structures and demand for central banks relative to other forms of currency. This evolving situation may affect how central banks operate in the future. BIS General Manager Agustín Carstens pointed out that while tokenization can enhance the security and efficiency of the financial system, it also introduces economic, legal, and technical challenges that must be addressed. The report notes that the legal risks of tokenization may arise from the unexpected or uncertain application of the law.

Cryptocurrency payment provider Transak recently suffered a ransomware attack, leading to the leakage of some user information.

According to on-chain detective ZachXBT, cryptocurrency payment service provider Transak recently suffered a ransomware attack. Transak stated in a blog post earlier today that the incident was limited to the names and basic identity information of a small number of users (1.14% of the user base), while the ransomware gang claimed that it also included personal identification information (PII) and more user data. According to Transak's website, it has been integrated with Metamask, Trust Wallet, Coinbase, Ledger, etc., for fiat and cryptocurrency on and off ramps.

The main suspect in the money laundering case involving 60,000 bitcoins, Qian Zhimin, denied all criminal charges in the UK.

According to Bloomberg, Qian Zhimin, the main suspect in the UK 60,000 bitcoin money laundering case and the Tianjin Blue Sky Ge Rui 43 billion illegal fundraising case, was arrested in April this year and charged with two counts of money laundering. The UK Crown Prosecution Service accused her of holding and transferring illegal cryptocurrencies on or before April 23. A man, Seng Hok Ling, was also charged alongside her and pleaded not guilty to a charge of participating in money laundering arrangements knowing or suspecting they were criminal property. The trial is set to begin on September 29, 2025, at Southwark Crown Court. "Her lawyer stated after the hearing: 'Ms. Zhang denies all criminal charges and plans to actively defend herself.'"

Sky's founder has initiated a proposal to retain the Maker brand but will undergo a series of rebranding.

Rune Christensen, the founder of Sky (formerly MakerDAO), posted on X platform that two weeks after the release of USDS, the total supply exceeded 1 billion; most of the demand for USDS comes from new users, while the supply of Dai remains stable at 4.7 billion; since the release of USDS, the total inflow of USDS and Dai into the system has increased by about 700 million. Furthermore, Christensen stated that many people are confused about the use of the Sky token, in addition to renaming 1 MKR to 24,000 SKY, and raised questions about the introduction of token issuance. Additionally, naming the protocol, token, and frontend all as Sky undoubtedly adds some confusion. It is now clearer than ever that the DeFi community has a deep affection and trust for the Maker brand. Many people strongly identify with the brand and what it represents—stability, security, and DeFi scale—and many expressed a willingness to hold MKR tokens rather than upgrade to Sky. In response to community feedback, Christensen proposed a series of governance proposals regarding the fate of the Maker brand, MKR token economics, and the role of Sky.

Grass has opened the eligibility query for airdrops and will allocate 100 million GRASS tokens to early users.

The Grass Foundation announced the Airdrop One airdrop plan and opened the eligibility query for airdrops. This airdrop will allocate 100 million GRASS tokens, accounting for 10% of the total supply. The specific allocation is as follows: 9% will be allocated to users who earned Grass Points in the first phase network snapshot, 0.5% to GigaBuds NFT holders, and another 0.5% to users who installed desktop nodes or the Saga application. The network snapshot includes users who earned more than 500 Grass Points during a specific period. Each eligible GigaBuds NFT holder will receive 515 GRASS.

Crypto custody firm Komainu, backed by Nomura Holdings, announced the acquisition of Propine.

According to Bloomberg, crypto custody firm Komainu, backed by Nomura Holdings, announced the acquisition of its Singaporean competitor Propine Holdings Pte Ltd, marking its first acquisition deal. The acquisition is subject to approval by the Monetary Authority of Singapore, and Komainu co-CEO Paul Frost-Smith stated that this is part of the company's expansion strategy in Asia. Through the acquisition, Komainu will obtain a capital markets services license in Singapore, laying the foundation for future development.

In addition, Komainu plans to apply for a major payment institution license in Singapore to provide comprehensive payment services. Komainu also plans to complete a new round of financing in the coming weeks, but did not disclose the specific amount.

Scroll: The first airdrop will open for claims at 15:00 on October 22, with the claim page now live.

Ethereum Layer 2 project Scroll introduced its first airdrop in an official blog. The first airdrop allocated 7% of the total supply of SCR. The snapshot was taken at 08:00 UTC on October 19, 2024. Claims will open at 15:00 Beijing time on October 22, 2024, and will be open for 90 days; the claim page is now live. The main contributor categories for the first airdrop include: community airdrop (55 million SCR, accounting for 5.5% of total supply), ecosystem projects (6.677 million SCR), industry contributors, and the global community.

MetaMask integrates with Space ID to simplify cryptocurrency transactions and wallet access.

According to The Block, MetaMask and Space ID announced an integration collaboration aimed at simplifying the sending of digital assets and accessing cryptocurrency wallets. According to the statement, this new integration will allow users to "replace all public wallet addresses with a secure and customizable handle when conducting transactions on MetaMask. This means that Space ID users only need to enter a simple username to send cryptocurrencies, without facing the confusing mix of 42-character letters and numbers, which, if incorrect, could mean a total loss of funds."

MetaMask product lead Christian Montoya stated that the integration of Space ID will allow "MetaMask users to more easily and securely send and receive cryptocurrencies on any EVM-compatible chain." Space ID stated in a release that users will now be able to "organize and store handles from multiple chains in one wallet."

VanEck's compliant Solana ETN in Europe has now launched staking features.

According to the official announcement, asset management company VanEck has launched staking features for its Solana exchange-traded notes (ETNs) introduced in Europe. The staking method adopted by VanEck is fully non-custodial, meaning that the custodian of the ETN assets always has complete control over the staked assets, with no lending risks involved. Investors in the Solana ETN do not need to take any action; if rewards are issued, they will be credited to the ETN's token equity. Regardless of whether the custodian purchased the ETN last year or last week, the total staking rewards obtained in the final time period will be evenly distributed (after deducting a 25% staking fee). VanEck instructs custodians to use the physical SOL held by the ETN for staking, delegating SOL to validators. Validator nodes are owned and maintained by staking service providers, but the delegated SOL is always controlled by the custodian.

Ripple's founder has donated over $11.8 million to Harris' campaign team.

According to CNBC, the latest election data shows that with two weeks to go until the U.S. elections, Ripple co-founder and chairman Chris Larsen donated nearly $9.9 million to Future Forward in September and over $800,000 to the Harris Victory Fund. Including the $1 million XRP tokens donated by Larsen in August, he has donated over $11.8 million to PACs supporting Harris' campaign, making him one of the largest individual donors from the crypto industry in this round.

Larsen has supported bipartisan candidates over the past few years. In an interview, he stated that his trust in Harris comes from his conversations with people within the campaign team and his observations of the vice president since Harris replaced President Biden as the candidate in July.

Tether-supported Northern Data plans to sell its cryptocurrency mining division Peak Mining.

According to Bloomberg, Northern Data AG is considering selling its cryptocurrency mining business to raise funds to expand its artificial intelligence business. The company's main shareholder is Tether Holdings Ltd., which stated in a release on Monday that it will use the proceeds from the sale of Peak Mining to focus on its AI solutions division, and the success of the business divestiture depends on the "current dynamic market environment" of cryptocurrencies.

Northern Data AG will use the proceeds from the sale to support its AI solutions business, including its generative AI cloud platform that helps businesses launch their own AI applications. The company will also invest in the purchase and development of more data centers, as well as additional hardware procurement. According to Bloomberg data compiled as of February, Tether holds about 46% of Northern Data AG's shares.

BlackRock's Bitcoin spot ETF assets under management now rank in the top 2% of all ETFs.

Bloomberg senior ETF analyst Eric Balchunas posted on social media: "The Bitcoin spot ETF IBIT launched by BlackRock performed exceptionally well last week, with new funding reaching $1.1 billion, marking the best single-week performance since March and surpassing VTI, ranking third in the annual fund inflow list (this is incredible for new products launched later this year, especially considering that the other products in the top five have been around for over 20 years and have asset scales exceeding $300 billion). IBIT's assets under management amount to $26 billion, placing it in the top 2% of all ETFs."

Bitcoin's hash rate has reached a historic high, with publicly listed mining companies reaching peak network shares.

According to Coindesk, based on Glassnode data, the seven-day moving average of Bitcoin's hash rate has reached a historic high of 703 EH/s (currently at 725.20 EH/s, reaching a peak of 791.62 EH/s), marking the first time the network's hash rate has surpassed 700 EH/s. Since the halving event in April, Bitcoin's hash rate has grown by nearly 13%.

The Pump.fun fee account sold 40,000 SOL again five hours ago, worth approximately $6.68 million.

According to Lookonchain monitoring, the Pump.fun fee account sold 40,000 $SOL again five hours ago, worth approximately $6.68 million. As of now, Pump.fun has earned a total of 969,945 $SOL (approximately $162 million), of which 503,343 $SOL (approximately $78.7 million) have been sold at an average price of $156.4.

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