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The trading application Fomo's early investor and advisor HDF (@PaikCapital) announced joining the Fomo team as the head of perpetual contract business.HDF stated that he has been engaged in trading for ten years. The goal of joining Fomo is not only to enable everyone to trade perpetual contracts but also to build a network that can elevate the level of all traders.

According to CBC, a federal judge in Miami, USA, sentenced 20-year-old Canadian man Trenton Johnston to 25 months in prison. Previously, he admitted to participating in a money laundering conspiracy and surrendered approximately 3.8 million dollars worth of stolen cryptocurrency.Johnston began his crimes in January 2024, impersonating Google technical support and representatives from cryptocurrency companies to trick victims into providing wallet access codes. In one case, he and an accomplice defrauded a victim in California of 185 bitcoins (worth about 13 million dollars at the time). He then used the stolen funds to purchase luxury items such as a Lamborghini Aventador SVJ, two BMWs, jewelry, and private jet rentals. Johnston has agreed to be deported back to Canada and is still facing drug possession charges in Florida.

According to Decrypt, Buzz, a former advisor of the public blockchain Aptos, known by the pseudonym BuzzlamicJihad, left Aptos after the expiration of a one-year contract. Buzz stated that it was a mutual decision and that he has sold his holdings of APT. He mentioned that he believes the project has not made further progress, and some plans have not been realized as expected, which is why he did not renew the contract. APT has dropped 10.7% this month, with a market cap of approximately $607 million.Buzz has begun to promote Meta using the same Meme marketing strategy. His arguments surrounding Aptos have always been based on the project's connection to Facebook, as Aptos was founded by developers of the Libra project. Buzz believes that Meta has strong fundamentals, but retail investors are being overlooked, especially with the recent creation of Class C shares that have no voting rights. He has started posting messages like "META looking good here" and mentioned that he has moved communication from Telegram to WhatsApp. Meta dropped 1.2% on the day, with a market cap of approximately $1.59 trillion, about 2,619 times that of Aptos.

According to Scam Sniffer monitoring, a user suffered an address poisoning attack, resulting in a loss of approximately 50,000 USD in assets.

According to The Block, a man in Missouri, USA, has pleaded guilty to participating in a robbery and kidnapping scheme aimed at stealing Bitcoin.Prosecutors stated that the man and his associates had tracked the target and his parents, planning to carry out the crime, but the man fled the scene before the plan was executed due to concerns about being captured by security cameras. The man could face up to 20 years in prison.

Asia Gulf Holdings (AGH), the parent company of Singapore Gulf Bank (SGB), announced the appointment of Martin Gilbert, Chairman of Revolut Group, and Maliki Osman, former Minister in the Prime Minister's Office and Second Minister for Foreign Affairs of Singapore, to the Global Advisory Council. The two will provide advice on global investment strategies and geopolitical affairs, respectively.Maliki Osman will also advise on government relations and regional cooperation, while Martin Gilbert will focus on global investment strategies, asset management, and investment opportunities in Asia and the Middle East and North Africa. The council is chaired by Amy Lee, with former Federal Reserve Vice Chairman Randal Quarles serving as vice chairman. This appointment was announced on October 26, and Maliki Osman will exit politics in May 2025.

According to Bitcoin.com News, Timothy Wadsworth, a man from Rochester, New York, was sentenced to 51 months in prison for conspiracy to commit wire fraud and money laundering, and was ordered to pay approximately $810,000 in restitution.The U.S. Department of Justice stated that between March and May 2020, Wadsworth initiated 310 unauthorized payments totaling approximately $1.6736 million using account information provided by accomplices through the payment service provider Stripe, of which 116 transactions were successful, amounting to approximately $730,700. He then transferred some of the funds to bank accounts under his control and purchased Bitcoin through Coinbase, which he then transferred to his accomplices.

U.S. Senator Richard Blumenthal has launched an investigation into the payment of approximately $6.3 million by the stablecoin issuer Tether to the consulting firm Nxum. Nxum was co-founded by former White House cryptocurrency advisor Bo Hines, who holds one-third of the company's shares. On October 22, Blumenthal sent a letter to Tether CEO Paolo Ardoino, requesting the contracts between the two parties, cryptocurrency payment records, wallet addresses, and communication content.Tether is accused of paying Nxum $415,000 per month since May 2025 for strategic communications, lobbying, and public relations services. Blumenthal pointed out that Bo Hines, while serving as the executive director of the White House Digital Assets Advisory Committee, still held shares in Nxum and coordinated affairs with the company through encrypted communication applications. He also questioned whether Tether transferred cryptocurrency through the marketing company Notorious and then allocated funds to Nxum shareholders. Tether began directly contracting with Nxum after August 2025 and hired Bo Hines to oversee the newly established U.S. operations. Blumenthal has requested that Tether, Nxum, and related parties respond by November 6, noting that the relevant allegations have not yet formed a legal determination, and Tether has not publicly responded.

According to "Reading Plus," the short drama application Hongguo Short Drama App, owned by ByteDance, has launched "Xiaoguo AI." This feature has undergone a period of gray testing and is now officially online, relying on the Doubao large model. It is labeled as Hongguo AI BOT within the app and is positioned as an AI assistant for finding short dramas, providing series search and recommendations. The report states that this is the first time Hongguo has integrated conversational AI into the user-end drama search scenario, beyond AI short drama production.According to practical tests by "Reading Plus," the main entry point is located in the app's search bar. Clicking it leads to the conversation page, and users can also ask questions in the comment section by @XiaoguoAI. The page features quick questions, such as "What short dramas are everyone watching?" and "What are the differences between male-oriented and female-oriented short dramas?" When users input keywords, it returns a list of suggestions, a trending short drama list, and series popularity. The AI responses can pop up short drama cards with play buttons, which redirect to the viewing page when clicked.This tool relies on generative models and search plugins to return information such as titles, plot summaries, poster stills, reputation ratings, and playback channels based on keywords and viewing preferences. From user feedback, it can also record update requests and push notifications when new seasons of followed series are available for reservation.

The Swiss Financial Market Supervisory Authority (FINMA) has approved the country's first Bitcoin ETF aimed at retail investors. This product falls under "other alternative investment funds" according to Swiss law and is labeled as having special risks. FINMA did not disclose the issuer of the fund, but multiple media outlets have indicated that signs suggest it may come from BIT Asset Management (formerly Matrixport Asset Management), and FINMA did not deny this claim in response to inquiries. Additionally, several fund providers have submitted or announced plans to submit Bitcoin ETF applications.The fund is a single-asset product, with all funds directed towards Bitcoin. To this end, FINMA needed to grant an exemption regarding its risk diversification rules, citing that Bitcoin has a long trading history and extremely high trading volume. In terms of asset custody, participating institutions must take measures to prevent operational and custody risks, with standards referenced from the regulatory announcement issued by FINMA on January 12, 2026, which requires that customer crypto assets are not included in bankruptcy assets in the event of the custodian's bankruptcy. Meanwhile, the sales process must comply with Fidleg's conduct rules to provide higher investor protection than direct purchases of cryptocurrencies, and the fund documents must clearly indicate the associated risks.While approving the ETF, FINMA emphasized that even investing in Bitcoin through an approved ETF carries high risks, with severe volatility potentially leading to significant depreciation of the principal invested, and required the issuer to provide clear warnings about volatility and loss risks. The United States has approved Bitcoin spot ETFs starting January 2024, with BlackRock's iShares Bitcoin Trust launching on January 11, 2024, currently managing approximately $65 billion. The Swiss Exchange has been able to trade Bitcoin products for years, but they have existed in the form of ETPs and do not have fund status; this approved ETF is the first to incorporate Bitcoin into the approved public fund framework.

According to reports from South Korean media, on October 19, during the National Assembly's inspection of state affairs in South Korea, when asked whether the launch of single-stock leveraged ETFs affected the volatility of the South Korean stock market, the head of the Financial Supervisory Service, Lee Chan-jin, stated that he believes it has had an impact to some extent. He expressed deep regret over criticisms for not actively preventing the listing of related products.On the same day, during the National Assembly's Administrative Committee's inspection of the Financial Supervisory Service, a member of the People Power Party stated that searching for news related to the listing of single-stock leveraged ETFs would reveal that there were occurrences from "Black Monday" to "Black Friday," turning an entire week into a black one, and asked Lee Chan-jin whether he believed the listing of this product had an impact on this. Lee Chan-jin responded that he believes it has had an impact to some extent. When asked about other reasons for stock market volatility, Lee Chan-jin added that Samsung Electronics and SK Hynix have experienced severe volatility.

The Financial Supervisory Service of Korea stated that it will conduct a rapid investigation into unfair trading associated with virtual asset issuance foundations in order to address behaviors that harm market order.Related content was presented in the report on the current status of supervision by the National Assembly's Political Committee, with a plan named "Strengthening User Protection for Digital Assets and Establishing a Sound Trading Order."

Patrick Witt, the Executive Director of the White House Presidential Digital Asset Advisory Committee, announced his departure from government service to return to the private sector. He made this decision public last week, and the White House has not yet announced a new head of cryptocurrency policy, with a successor still undetermined.Previously, Harry Jung and Bo Hines had also left the committee. White House officials stated that cryptocurrency policy and the Digital Asset Market Clear Act will remain a focus of the Trump administration, but the personnel vacancies have raised concerns about the momentum of policy advancement.As the midterm elections approach next month, the administration is still advancing rule-making in the digital asset space. After the new Congress is sworn in in 2027, cryptocurrency legislation will require coordination from a White House liaison, with tax legislation expected to proceed ahead of market structure reforms; if the Democrats flip the House of Representatives, the congressional landscape may also bring new variables. Meanwhile, the rule-making efforts of agencies such as the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Office of the Comptroller of the Currency, and the Department of the Treasury will continue.

According to the news released by the Avon and Somerset Police, Terroll Paul (31 years old), Mohamed Samagassi (37 years old), and Pierre Madzou (30 years old) broke into a man's residence in Bristol in the early hours of May 15, assaulted the victim, and demanded a large amount of cryptocurrency, but were unsuccessful.On October 15, the three were sentenced at Bristol Crown Court for aggravated burglary, with Paul receiving a 6-year sentence, Madzou receiving 5 and a half years, and Samagassi receiving 5 years. The victim suffered severe head injuries and required hospitalization, while his underage sister successfully called the police. The three suspects were subsequently arrested at the scene and pleaded guilty during their court appearance in August.

Documents disclosed by the U.S. Securities and Exchange Commission (SEC) indicate that the investment advisory firm Unique Wealth has submitted a 13F-HR report to the SEC, showing that it holds approximately $10.4 million in Bitcoin-related positions.The 13F-HR is a quarterly holdings report submitted by institutional investment managers to the SEC, used solely to disclose securities holdings that meet the reporting threshold, excluding directly held crypto assets. Therefore, the aforementioned positions typically represent Bitcoin exposure in the form of securities such as spot Bitcoin ETFs.

CK Hutchison Holdings issued a statement regarding market rumors of "Li Ka-shing's death." The statement said that on that day, some media outlets reprinted false claims from mainland self-media stating that Hong Kong's "Ta Kung Pao" reported the death of CK Hutchison's senior advisor Li Ka-shing. "The Group hereby solemnly declares that 'this is absolutely untrue,'" and strongly condemns the self-media for fabricating false news.

During the promotion of the GENIUS Act by former White House crypto advisor Bo Hines, the consulting firm Nxum, which he co-founded and holds shares in, established a business relationship with Tether. Tether paid over 6 million dollars to Nxum, with the related funds distributed among three partners.Although Hines has exited the daily operations of Nxum, he continued to discuss the act with partners via Signal during his tenure. After the GENIUS Act was signed into law in July 2025, Hines left in August and was appointed CEO of Tether's U.S. stablecoin business in September, raising questions about potential conflicts of interest.