Odaily News: Cryptocurrency exchange Kraken's parent company Payward has received full market approval from the Dubai Virtual Assets Regulatory Authority (VARA), with its local entity Payward FZCO obtaining a virtual asset service provider license, allowing it to offer crypto asset services in the UAE. The approval builds on preliminary approval obtained in May 2026.Payward stated that Kraken's UAE clients will be able to use spot and margin trading pairs denominated in UAE dirhams within the coming weeks, with support for direct deposits and withdrawals. The services will be available to retail investors, professional investors, and institutional investors.VARA's public registry shows that Payward FZCO was approved on October 6 to provide asset management and investment services, as well as broker-dealer services. The number of licensed service providers currently registered with Dubai's VARA stands at 58, up from 49 in May 2026. (Cointelegraph)

1. Ledger Updates on Hardware Wallet Theft Incident: All Affected Devices Came from CryptoBilis; Ledger's Own Systems and Official Direct Sales Channels Were Unaffected;2. XRP Ledger Foundation: Confirms No New XRP Was Created, Critical Vulnerability Has Been Patched;3. Billionaire Adam Weitsman Announces He Has Purchased 117 Pudgy Penguins NFTs On-Chain;4. SlowMist Cosine: Ledger Flex May Also Be Involved in the CryptoBilis Incident;5. First Case of a Ledger Stax Implanted with Unauthorized Hardware Discovered, Capable of Transmitting User Seed Phrases to Attackers;6. Arthur Hayes: FLOP Testnet Planned for Launch in the Coming Weeks;7. Ethereum Foundation-Linked Wallet Transfers 4,393 ETH to Kraken, Worth $11.13 Million;8. Russia's Largest Exchange, Moscow Exchange, Plans to Launch Regulated Cryptocurrency Trading on December 1.

Odaily News — According to on-chain analyst Ember, 4 hours ago, 2 wallets associated with the Ethereum Foundation (0x4c4...2b94, 0x999...0229) transferred 4,393 ETH to Kraken, worth $11.13 million. The wallet that transferred out ETH today received 59,800 ETH from an Ethereum Foundation wallet 10 years ago, of which 49,800 ETH was gradually transferred to Kraken over the past 10 years at an average price of approximately $658.

Odaily Report: Bonk Guy posted on X platform stating that he is long-term bullish on USELESS becoming the next-generation representative Meme coin similar to DOGE and PEPE, mainly based on the token's trading data performance. USELESS's trading volume on Coinbase has surpassed DOGE, its trading volume on European exchange Bitvavo is close to 3 times that of DOGE, and its trading volume on Kraken is also approaching DOGE.Meanwhile, Bonk Guy stated that apart from USELESS and DOGE, no other Meme coins appear among the top 50 crypto assets by trading volume on the aforementioned three exchanges. USELESS currently has a market cap of approximately $186 million, while DOGE has a market cap of approximately $13.4 billion, a difference of about 72x between the two. Bonk Guy believes that USELESS continues to demonstrate trading activity and liquidity approaching DOGE on multiple mainstream trading platforms, but there remains a significant valuation gap.

1. Trader Rune: PaperTrade documentation mentions a protocol-level "vulnerability" risk related to BBO price manipulation;2. RippleX responds to critical XRPL vulnerability: theoretical risk of XRP over-issuance existed, now patched;3. Worth $31.93 million, a whale bought and withdrew 26,100 ZEC from Binance and Kraken within minutes;4. Gained $1.05 million in unrealized profit in less than 1 day, an address went 3x leveraged long on 24.42 million STRK;5. CZ calls related accusations "far-fetched," Binance says depegging only began after Bitcoin bottomed;6. Derivative lawsuit by shareholders against Coinbase directors dismissed, first such case concluded after Coinbase reincorporated in Texas;7. French National Assembly Finance Committee passes stablecoin exchange tax and crypto exit tax amendments, then rejects budget revenue section by a vote of 31 to 3;8. Major shareholder holding limits for virtual asset exchanges are not targeting specific companies, South Korea's Financial Services Commission says it will strengthen regulatory accountability;9. Strive expects to raise approximately $55 million through SATA preferred stock, enough to purchase about 638 Bitcoin.

Odaily reports that according to Onchain Lens monitoring, a whale accumulated 26,100 ZEC, worth $31.93 million, bought and withdrawn from Binance and Kraken within minutes. Among them, 17,770 ZEC, worth $21.76 million, were bought and withdrawn from Binance; 8,300 ZEC, worth $10.17 million, were bought and withdrawn from Kraken.

Odaily report: Crypto trading platform Kraken is investigating an issue affecting some users on its App and web platforms, where affected users may see incorrect margin data. The specific scope of impact and progress on the fix have not yet been disclosed. (Cointelegraph)

Odaily News: At TOKEN 2049 Singapore, Nasdaq CEO Adena Friedman stated that tokenizing Treasuries, equities, money market funds, and cash could enhance collateral liquidity and unlock billions of dollars in trapped capital across the global financial system. Institutional interest in tokenization has grown significantly over the past year, partly driven by the U.S. GENIUS Act establishing a regulatory framework for stablecoins. She noted that institutional interest is converging with retail demand for round-the-clock trading, with the retail ecosystem roughly 10 years ahead, but moving toward a fully 24/7 market is a massive undertaking for the financial industry, requiring risk and collateral management to operate continuously in real time. She also pointed out that AI is crucial for 24/7 trading, and Nasdaq has already launched digital agents on its risk management platform, initially providing recommendations, with banks potentially using them in the future to take more direct actions. Kraken co-CEO Arjun Sethi said that companies outside the U.S. are also highly interested in tokenization and accessing U.S. capital markets, including a company with approximately $25 million in revenue and larger international firms. Friedman cautioned that not all assets have sufficient liquidity to support a 24/7 trading environment.

Odaily reports: According to monitoring by on-chain analyst Aunt Ai, a certain address疑似 reduced its HYPE position by $11.77 million over 10 days, with a holding cost as low as $3.87. Since September 28, this address has cumulatively deposited 131,421 HYPE to Kraken at a deposit price of $89.56. If sold, it would realize a profit of $11.26 million, representing a return rate of 2214%.Hyperliquid Labs announced on September 30 that it would sell 3.75 million HYPE over the counter, worth approximately $329 million, with a single institution as the buyer, and it would not be sold through the public market. The first suspected sell-off by this address occurred before the announcement, followed by two more instances yesterday and 1 hour ago, respectively.

Odaily News — According to on-chain analyst Yu Jin, OG whale pinosaur.eth (0x0F8...605A) transferred 9,618 ETH (worth $24.58 million) that had been held for 9 years to Kraken and fully exited 6 hours ago, netting a profit of $24.21 million, a 65x return. The ETH can be traced back to 7,459 ETH withdrawn from Bitfinex in April 2017, when ETH was priced at $50.