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In brief Zanmai Labs must provide bank guarantees of approximately Rs 45.38 crores to protect CoinSwitch’s claims, following the Bombay High Court’s dismissal of its challenge to arbitration orders. The court rejected WazirX’s attempt to “socialize” losses across all platform users through its Singapore parent company’s restructuring scheme. Justice Somasekhar Sundaresan ruled that Zanmai cannot escape accountability by claiming cybersecurity was Binance’s responsibility under an alleged 2019 acquisition. The Bombay High Court has ruled Indian crypto exchange CoinSwitch can secure its stolen assets held on the embattled WazirX platform.Up until now, WazirX operator Zanmai Labs, which is an Indian subsidiary…

A confidential draft bill circulating among Senate Democrats proposes sweeping new oversight of DeFi, extending Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) duties to DeFi interfaces, validators, and even node operators.According to reports, the leaked bill was intended as the Democrats’ counterweight to the House-backed market-structure bill. However, internal backlash has reportedly stalled those broader discussions inside the Senate Banking Committee.Under the leaked framework, all DeFi applications enabling financial transactions must implement front-end KYC controls, potentially including browser-based wallets and liquidity interfaces.The leaked language also places new responsibility on oracle operators, potentially exposing them to enforcement if price feeds are linked to…

Prestige Wealth (PWM) said it has closed a $150 million financing round to launch a digital asset treasuryfocused on XAUT$3,992.83, the gold-backed tokens of stablecoin giant Tether.The funding includes a $100 million private placement led by Antalpha (ANTA), a prominent bitcoin mining financing firm that and $50 million in senior debt, according to an announcement on Friday. Backers also include Tether and Kiara Capital.Most of that capital will be used to acquire tokenized gold reserves, aiming to build a publicly verifiable, blockchain-native treasury. The company will rebrand to Aurelion pending approvals, and will start trading under the AURE ticker on…

The growth is being driven by rising liquidity on DeFi protocols like Suilend and Momentum.Sui, a layer 1 (L1) blockchain, reached a new all-time high in total value locked (TVL) of $2.6 billion on Thursday, according to data from DeFiLlama. The figure marks a 37% increase from one month ago and a 160% jump from a year earlier, when TVL stood at around $1 billion. Sui recently surpassed $156 billion in decentralized exchange (DEX) volume, and is the sixth-largest chain by 24-hour trading volume, per CoinGecko Meanwhile, the blockchain’s native token is changing hands at $3.39 with a market capitalization…

VILNIUS, Lithuania, October 9th, 2025, Chainwire BTCC, the world’s longest-serving cryptocurrency exchange, today announced it has surpassed 10.16 million registered users globally and achieved a record $1.15 trillion in trading volume during Q3 2025. These figures mark significant growth milestones for the platform. The exchange’s Q3 performance represents substantial growth, with trading volume up 20% compared to Q2 2025’s $957 billion. The user base expanded from 9.1 million in Q2 to 10.16 million by the end of Q3. This landmark quarter was highlighted by a strategic global brand ambassador partnership with NBA All-Star Jaren Jackson Jr. and triple industry recognition…

Morgan Stanley is widening access to cryptocurrency investments for its wealth management clients, CNBC reported Wednesday, in a move that signals a broader shift among traditionally cautious Wall Street institutions.Starting next Wednesday, the bank will allow its financial advisors to offer crypto investments to all clients — regardless of risk tolerance or net worth — and across all account types, including retirement plans, according to the report. Previously, the option was limited to clients with at least $1.5 million in assets, an aggressive risk appetite and a taxable brokerage account.The decision marks a major expansion for Morgan Stanley’s $8.2 trillion…

BlackRock’s spot Bitcoin ETF is pulling in cash at a speed never seen in the fund industry. After another $4 billion streak of inflows this week, IBIT now holds more than 800,000 BTC, worth roughly $98 billion, and is within striking distance of a milestone that no ETF has ever reached this quickly.Bloomberg Intelligence analysts Eric Balchunas and James Seyffart estimate IBIT now generates over $240 million a year in revenue from its 0.25% fee, making it BlackRock’s most profitable product across its global lineup of more than 1,000 ETFs. That’s a stunning outcome for a fund launched less than…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Roger Ver, the early Bitcoin promoter often called “Bitcoin Jesus,” has reached what reports describe as a tentative deal to resolve a US criminal tax case by paying about $48 million. According to prosecutors, the payment would settle alleged tax shortfalls tied to his cryptocurrency holdings from 2014 through 2017. The agreement is not yet final and must be approved by a federal court. Settlement Details And Court Review Based on reports, the deal is structured as a deferred-prosecution agreement. That means charges could be dropped if…

Prediction markets are not a niche crypto subculture anymore. They are mainstream finance.  Kalshi, one of the world’s largest prediction markets that accepts bitcoin deposits, announced it has raised $300 million in new funding at a $5 billion valuation and will soon open access to users in more than 140 countries, according to The New York Times.  The round, led by Sequoia Capital and Andreessen Horowitz with participation from CapitalG, Coinbase Ventures, Paradigm, and others, more than doubled Kalshi’s valuation from its previous raise in June.  The company’s annualized trading volume has surged from $300 million last year to an…

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price has dropped a fraction of a percent in the last 24 hours to trade at $121,310 as of 3.45 a.m. EST. This comes as Twitter co-founder Jack Dorsey’s Square announced the launch of a Bitcoin wallet for retailers in a move designed to take Bitcoin payments mainstream and challenge credit cards. JUST IN: Jack Dorsey’s Square introduced a #Bitcoin wallet solution to enable local businesses to accept BTC payments with zero fees. Bullish 🚀 pic.twitter.com/giHUcQTLLr — Bitcoin Magazine (@BitcoinMagazine) October 8, 2025 The wallet,…