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Solana co-founder Toly says developers should take Justin Drake's post-quantum advice and ship PQC wallets, rebutting Mert's warning

Solana co-founder Toly posted that product developers should 'absolutely take Justin's advice' and that 'now is the time to ship pqc wallets,' after Mert urged people to 'absolutely not take Justin's advice,' arguing users are more likely to lose money by superficially moving funds than by cryptography breaking overnight. Toly told Mert that 'that wasn't his advice, you just changed it entirely and made it a new thing.' The dispute centers on Ethereum researcher Justin Drake's call for the industry to plan 'bunker mode': a controlled migration of funds to fresh addresses that have never signed a transaction, with public keys hidden behind a hash.

2 sources · Oct 8

Crypto NewsNot yet reviewed

StarkWare CEO Eli Ben-Sasson says Bitcoin needs a soft fork to prepare for quantum computing

StarkWare CEO Eli Ben-Sasson said there is no way to solve Bitcoin's quantum computing challenge without a soft fork, according to remarks reported on Oct. 8, 2026. He warned that the network's resistance to change could delay critical security upgrades. The comments were carried in Cointelegraph's LONGITUDE segment and echoed by Crypto Briefing.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Decrypt announces self-custodial Money Accounts on Solana to power The Information Exchange

Decrypt announced Money Accounts, self-custodial accounts built on the Solana blockchain, in a report published on its site and shared via its Decrypt Media account on October 8, 2026. Decrypt says the accounts will serve as one self-custodial platform powering Earn, Swaps, Predictions and Perps on Decrypt. The accounts are part of Decrypt's build-out of The Information Exchange, which it describes as its financial and intelligence market.

3 sources · Oct 8

Crypto NewsNot yet reviewed

Whale's 98,089 ETH long positions on Hyperliquid face liquidation at $2,446.48 and $2,424.47, per Lookonchain

On-chain analyst Lookonchain reports that a whale's two long ETH positions totaling 98,089 ETH, worth about $252.3 million, face liquidation on Hyperliquid at $2,446.48 and $2,424.47. Per account screenshots shared by Lookonchain, wallet 0x0392a716...aeb5d7d9 holds a 56.86K ETH long at 8x cross leverage valued at about $146.26 million, and wallet 0x77ddcc4b...ad3ae0e9 holds a 41.23K ETH long at 10x cross leverage valued at about $106.0 million. The screenshots show entry prices of $2,538.25 and $2,693.92, unrealized PnL of about +$1.93 million and -$5.06 million, and a mark price of $2,464.00, leaving the nearer liquidation level about $18 below the mark.

2 sources · Oct 8

Crypto NewsNot yet reviewed

UK sanctions crypto platforms Cryptomus, Heleket and TokenSpot over suspected Russian financial network ties

The UK imposed sanctions on crypto platforms Cryptomus, Heleket and TokenSpot in an Oct. 8 Russia sanctions package, suspecting them of supporting Russian financial networks. Blockchain analytics firm TRM Labs identified links between the sanctioned platforms and Russian crypto services Grinex and Garantex. The package targets entities suspected of helping Russia evade financial restrictions.

2 sources · Oct 8

Crypto NewsNot yet reviewed

MetaMask's precautionary validator exits could add about $5 billion to Ethereum's staking entry queue

Bitquery's October 1 snapshot identified 16,965 MetaMask-operated validators holding 565,056 ETH that had exited or joined the exit queue after about 0.36 ETH in block tips was diverted across 18 blocks on September 30; MetaMask has not confirmed the total and says its investigation found no indication wallets or customer funds were affected, calling the exits precautionary. Validator Queue showed 1,398,922 ETH awaiting entry on October 7, and if the entire cohort returns as new demand, the combined workload would be about 1,963,978 ETH, roughly $5.04 billion. Lido expects its affected 252,288 ETH to return gradually, with the full exit, withdrawal and re-entry cycle estimated at up to about 45 days.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Securitize CSO Chongwu Du says tokenized finance will concentrate across a handful of blockchains, not a single network

Securitize Chief Strategy Officer Chongwu Du said tokenized finance is set to concentrate across a small number of blockchains rather than a single network, in remarks published by Cointelegraph's Longitude series on Oct. 8, 2026. He argued that reliance on multiple blockchains could enhance resilience and innovation and foster a more diverse financial ecosystem. He did not name which networks he expects to host tokenized finance.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Early Ethereum holder pinosaur.eth unstakes 9,618 ETH ($24.58M) and deposits it into Kraken, Lookonchain reports

Lookonchain reported that early Ethereum holder pinosaur.eth unstaked all 9,618 ETH, worth about $24.58M, and deposited the funds into Kraken, citing Arkham transaction data showing a 9.618K ETH transfer to a Kraken deposit address preceded by multiple Lido stETH withdrawals. Lookonchain says the wallet originally bought 7,459 ETH at $50 nine years ago for $373K, now worth $19.26M. The deposit is a transfer to an exchange, not a confirmed sale.

2 sources · Oct 8

Crypto NewsNot yet reviewed

TD Cowen raises bitcoin forecast to roughly $109,000 by end-2026, keeps Strategy price target at $260

TD Cowen raised its bitcoin price forecast to roughly $109,000 by year-end 2026 and projects bitcoin will reach $280,000 by 2029, per The Block. The firm left its price target on Strategy (MSTR) unchanged at $260, saying dilution will limit the benefits of a stronger bitcoin price for MSTR shareholders.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Base records $500 million in trading volume over the past week, per Cointelegraph

Base recorded $500 million in trading volume over the past week, according to a Cointelegraph update posted on October 8, 2026. Commentator @ManLyNFT highlighted the figure, arguing it shows capital on the network is actively moving rather than just arriving as inflows. He also characterized Base as a chain still often treated as "just another L2" despite the volume.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Solana Foundation technology VP says Solana remains secure against quantum threats, citing upgrade path and proof of concept

Solana Foundation VP of Technology Jacob Creech said Solana users do not need 'bunker mode,' responding to a warning about quantum and AI threats, and that the network remains secure today with a defined path forward. He said breaking Solana's Ed25519 cryptography would expose a derived signing key but not the secret seed. Creech said a network upgrade could let rightful owners prove knowledge of their seed and move to a safe signature scheme, with a working proof of concept already existing.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Circle executive says USDC transaction activity topped $14 trillion over the past 12 months

Speaking at Cointelegraph's LONGITUDE event in Singapore, Circle's Previn Pillay said USDC transaction activity exceeded $14 trillion over the last 12 months, with that activity growing at a rate of 151%. The figures were presented as a measure of how fast money is moving through stablecoins. Crypto Briefing noted that Circle's revenue reliance on interest rates poses risks.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Coinbase premium gap falls to -$64 as Bitcoin loses 3.24% during Wall Street hours, CryptoSlate analysis finds

CryptoQuant's Coinbase Premium Gap fell to -$64, signaling weaker demand or heavier selling on the US-focused exchange relative to Binance. A CryptoSlate analysis of Binance BTC/USDT data found Bitcoin lost a compounded 3.24% during US stock-market hours (9:30 a.m.–4 p.m. New York) from Sept. 21 through Oct. 7 while gaining 6.07% outside that window, with losses concentrated in the Sept. 30 and Oct. 2 sessions. ETF flows diverged on those days, and the data cannot identify whether sellers were institutions, retail traders, market makers, or global investors.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Polkadot deploys native stablecoin dotUSD on mainnet

Polkadot has deployed dotUSD, a native stablecoin, on mainnet, according to a BSCNews report accompanied by Polkadot-branded 'dotUSD is live' material; Crypto_Briefing also reported the launch. The post describes dotUSD as an immutable, decentralized stablecoin governed entirely through Polkadot's on-chain OpenGov framework, operating without a private issuing corporation or centralized point of control. BSCNews frames it as an alternative to a roughly $250 billion corporate stablecoin market it says is concentrated among centralized issuers that can freeze assets and restrict wallet access.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Cardano Foundation spins out Veridian as independent digital identity company

The Cardano Foundation has spun out Veridian, its digital identity initiative, into an independent company. Veridian previously operated under the foundation and will focus on digital identity for governments, enterprises, and AI agents, according to Crypto Briefing. The report says the spinout could accelerate digital identity innovation, with implications for global security, privacy standards, and blockchain adoption.

2 sources · Oct 8

Crypto NewsNot yet reviewed

SoFi launches stablecoin card settlement on Mastercard, projects over $25 billion a year

SoFi has launched stablecoin card settlement on Mastercard and projects over $25 billion a year from the initiative, according to Crypto Briefing. The outlet reports the initiative could enhance transaction efficiency in banking, though adoption and consumer awareness remain challenges. A separate post says SoFi's platform also powers a stablecoin-linked Mastercard program in Mexico, letting users spend digital dollars while merchants receive local currency.

2 sources · Oct 8

Crypto NewsNot yet reviewed

THORChain says 63% of its record $3.01 million September income came during Bitget hack-linked trading surge

THORChain's monthly report shows $3.01 million in September system income, its highest since March 2025, on $2.40 billion of swap volume, the most since June 2025. About $1.9 million of that income and $1.37 billion of volume came between Sept. 25 and Sept. 29, when funds linked to the Bitget exploit moved through the network; Bitget said roughly $387.5 million ultimately reached attacker-controlled addresses. THORChain rejected calls for selective intervention, and wallet data suggests the surge came from a few large flows rather than a user boom.

2 sources · Oct 8

Crypto NewsNot yet reviewed

CFTC Chair Michael Selig says he wants Congress to take up the CLARITY Act again

CFTC Chair Michael Selig told Fox Business he would "love to see Congress take up the CLARITY Act once again" in a "form that makes sense," describing the bill as "a very large statute." The remarks were reported by CoinMarketCap on October 8, 2026, and echoed in a post by @CryptoWendyO on X the same day.

2 sources · Oct 8

Crypto NewsNot yet reviewed

79thVault reportedly exploited for about $12.5 million in BNB

79thVault, also referred to as 79Vault, was reportedly exploited on October 7, 2026, with 10,000 79AU tokens drained and swapped for 16,249 BNB worth roughly $12.5 million. Security firm CertiK flagged the on-chain movement as a suspected exploit executed through a privileged function, a characterization that has not been independently confirmed. On-chain data shows 16,249.12 BNB transferred between two addresses in block 126,233,690 at 10:10:47 UTC, and the exploiter reportedly deposited 30 BNB to KuCoin afterward.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Gate launches Gate Money app for holding and spending crypto, stocks, gold and cash

Per a CoinDesk report, Gate launched Gate Money, an all-in-one financial app that lets users hold crypto, stocks, gold and cash in one account and spend any held asset via a card. Gate CEO Han claimed users will be able to "buy a cup of coffee with NVDA stock" using the app. A second report described Gate Money as combining digital assets, equities, gold and cash in a single account.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Sberbank prepares to launch Bitcoin and crypto trading for over 100 million clients

Sberbank, Russia's largest bank, announced it is preparing to launch crypto trading services for more than 100 million clients, according to posts from Watcher.Guru and Bitcoin Magazine on October 8, 2026. Bitcoin Magazine's report says the planned service includes Bitcoin specifically. The announcement has not been independently confirmed.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Glassnode data show Bitcoin's near-$5B monthly inflows came mostly from existing holders, not fresh capital

Glassnode data show Bitcoin's realized capitalization rose by nearly $5 billion in the 30 days to Oct. 5, 2026, with monthly inflows near $5 billion. Most of the increase came from existing holders rather than fresh capital, according to the data. Cointelegraph reported the findings on Oct. 8, 2026, describing the BTC price rally as stalled, while Crypto Briefing assessed that reliance on internal trading among existing holders may limit sustainable growth.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Hyperliquid Labs reportedly unlocks $330M of team HYPE in OTC distribution, half sent to five buyer wallets

Hyperliquid Labs has unstaked 3.75 million HYPE tokens worth roughly $330 million from the hyperliquid:native team allocation, described as its largest distribution yet, according to @KookCapitalLLC and @BSCNews citing Crypto Briefing. Half of the unlocked tokens, 1.875 million HYPE, has already reached five OTC buyer wallets after a seven-day unbonding period, and the team says the tokens are tied to an institutional OTC agreement and will not enter public markets. @KookCapitalLLC adds that none of the unlocked HYPE went through the order book, the receiving wallet staked 1.25 million HYPE within hours, and trader Machi opened a $2.2 million long on HYPE, with the token trading near $87.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Ondo Finance expands tokenized U.S. stocks and ETFs to eligible European investors via Assetera

Ondo Finance is expanding access to tokenized U.S. stocks and ETFs for eligible European investors, with Assetera managing the process through its MiFID II regulated platform. More than 100 tokenized assets are already live, according to the announcement, and the catalog is expected to grow to hundreds of stocks and ETFs by Q4 2026. Each token represents an underlying asset that remains held with U.S. regulated custodians.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Nansen CEO Alex Svanevik says he is bullish on AI agents for the next crypto cycle at TOKEN2049

At TOKEN2049 in Singapore, Nansen CEO Alex Svanevik said the next crypto cycle will look different and that he is bullish on AI agents. He suggested AI agents could become a major part of the crypto economy by interacting with blockchains, making payments, managing assets, and executing transactions with less human involvement. Cointelegraph reported the remarks on October 8, 2026.

2 sources · Oct 8

Crypto NewsNot yet reviewed

IMF says tokenized repos average $300 billion to $350 billion in daily volume versus $13 trillion US repo market

The IMF said tokenized repos average $300 billion to $350 billion in daily volume, compared with $13 trillion in the U.S. repo market. It said tokenized markets remain small and fragmented and need legal certainty, regulatory clarity, and interoperability to grow safely. The IMF also warned that greater scale could amplify fire-sale and contagion risks.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Kyrgyzstan shuts down state-backed USDKG stablecoin and orders liquidation of issuer EVA and Coin Nomad Exchange

Kyrgyzstan has decided to shut down USDKG, its $50 million state-backed gold stablecoin, and ordered the liquidation of issuer EVA and of Coin Nomad Exchange, the country's first state-owned crypto exchange. USDKG launched in November 2025, pegged 1:1 to the U.S. dollar and backed by physical gold, primarily for cross-border payments. The UK sanctioned the issuer in May 2026 over alleged support for Russia, and crypto.news reports the shutdown follows sanctions against entities linked to the project.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Grayscale's Zcash ETF ZCSH records $8.5M daily outflow

Grayscale's Zcash ETF (ZCSH) recorded a daily net outflow of $8.5 million on Oct. 7, 2026, according to a flow table shared by Cointelegraph. The fund charges a 2.5% fee and shows $217 million in cumulative net inflows since flows began on Sept. 18, 2026, with a single-day maximum of $112.1 million. ZCSH posted outflows on four of the five prior sessions shown, including $26.9 million on Oct. 2 and $30.2 million on Sept. 30.

2 sources · Oct 8

Crypto NewsNot yet reviewed

IMF halts El Salvador's government Bitcoin purchases, approving $138M disbursement with waiver over accumulation-limit breach

Per Coin Bureau, the IMF approved a fresh $138 million disbursement to El Salvador under its $1.4 billion program and granted a waiver after the country breached Bitcoin accumulation limits set by the Fund. The IMF is reportedly demanding greater transparency around the government's Bitcoin holdings as part of efforts to reduce state involvement in Bitcoin-related activities. No further government Bitcoin accumulation is envisaged beyond documented donations, effectively ending El Salvador's sovereign Bitcoin buying.

2 sources · Oct 8

Crypto NewsNot yet reviewed

Justin Sun says banks will 'gradually exit' the market as post-2000 generation shuns banks

Speaking on stage at TOKEN2049 in Singapore, Justin Sun said banks will 'gradually exit' the market, attributing the predicted shift to people born after 2000 no longer being willing to 'waste their time on banks.' The remarks were reported by Cointelegraph on October 8, 2026, and represent Sun's prediction rather than a confirmed industry change.

2 sources · Oct 8

Top stories

Upcoming in Crypto News

Solana co-founder Toly says developers should take Justin Drake's post-quantum advice and ship PQC wallets, rebutting Mert's warning

StarkWare CEO Eli Ben-Sasson says Bitcoin needs a soft fork to prepare for quantum computing

Decrypt announces self-custodial Money Accounts on Solana to power The Information Exchange

Whale's 98,089 ETH long positions on Hyperliquid face liquidation at $2,446.48 and $2,424.47, per Lookonchain

UK sanctions crypto platforms Cryptomus, Heleket and TokenSpot over suspected Russian financial network ties

MetaMask's precautionary validator exits could add about $5 billion to Ethereum's staking entry queue

Securitize CSO Chongwu Du says tokenized finance will concentrate across a handful of blockchains, not a single network

Early Ethereum holder pinosaur.eth unstakes 9,618 ETH ($24.58M) and deposits it into Kraken, Lookonchain reports

TD Cowen raises bitcoin forecast to roughly $109,000 by end-2026, keeps Strategy price target at $260

Base records $500 million in trading volume over the past week, per Cointelegraph

Solana Foundation technology VP says Solana remains secure against quantum threats, citing upgrade path and proof of concept

Circle executive says USDC transaction activity topped $14 trillion over the past 12 months

Coinbase premium gap falls to -$64 as Bitcoin loses 3.24% during Wall Street hours, CryptoSlate analysis finds

Polkadot deploys native stablecoin dotUSD on mainnet

Cardano Foundation spins out Veridian as independent digital identity company

SoFi launches stablecoin card settlement on Mastercard, projects over $25 billion a year

THORChain says 63% of its record $3.01 million September income came during Bitget hack-linked trading surge

CFTC Chair Michael Selig says he wants Congress to take up the CLARITY Act again

79thVault reportedly exploited for about $12.5 million in BNB

Gate launches Gate Money app for holding and spending crypto, stocks, gold and cash

Sberbank prepares to launch Bitcoin and crypto trading for over 100 million clients

Glassnode data show Bitcoin's near-$5B monthly inflows came mostly from existing holders, not fresh capital

Hyperliquid Labs reportedly unlocks $330M of team HYPE in OTC distribution, half sent to five buyer wallets

Ondo Finance expands tokenized U.S. stocks and ETFs to eligible European investors via Assetera

Nansen CEO Alex Svanevik says he is bullish on AI agents for the next crypto cycle at TOKEN2049

IMF says tokenized repos average $300 billion to $350 billion in daily volume versus $13 trillion US repo market

Kyrgyzstan shuts down state-backed USDKG stablecoin and orders liquidation of issuer EVA and Coin Nomad Exchange

Grayscale's Zcash ETF ZCSH records $8.5M daily outflow

IMF halts El Salvador's government Bitcoin purchases, approving $138M disbursement with waiver over accumulation-limit breach

Justin Sun says banks will 'gradually exit' the market as post-2000 generation shuns banks