The Solana wallet now lets verified US users trade Kalshi event contracts directly inside the Phantom app, covering politics, sports, the economy and crypto. Trades are funded with CASH stablecoins and require a linked Kalshi account with full KYC.

Market restrictions apply in Michigan, Nevada and Washington. Phantom says it is "confident and comfortable" launching while several states pursue Kalshi in court, including a Utah Attorney General suit filed on October 20 alleging illegal gambling operations.

The integration puts Kalshi markets in front of roughly 20 million Phantom users.

The core dispute is whether state gambling laws apply to CFTC-registered event contracts. Until courts settle it, access in some jurisdictions could shrink.

Crypto exchanges were fined about $69M in 2024 and $1.1B in 2025. In the first ten months of 2026, the total is about $37M, including Coinbase Ireland's €3.25M fine this week.

— 2024 had no record cases: Gemini's $37M from New York's NYDFS was over half the total.

— In 2025 OKX, KuCoin and BitMEX alone paid $901M to the US Justice Department.

— This year the biggest fine is Bithumb's $25M in South Korea.

The total is already below 2024's level, and US penalties fell to $4.5M.

Some names keep coming back: Coinbase and KuCoin were fined in all three years, Gemini, OKX and Bybit in two.

Most of 2025's fines violations from 2018 to 2023. OKX and Bybit have since secured licenses, and the bill keeps shrinking.

NovaTech collapsed in May 2023 after taking in more than $1B in crypto, largely from Haitian and other immigrant communities. New York's attorney general has now asked a court to order founders Cynthia and Eddy Petion to pay $1.3B in damages and disgorgement.

The request follows an August 2025 default judgment issued after the couple left the country. That judgment also banned both from the securities, commodities and crypto industries.

From August 2019 to April 2023, investors deposited over $1B in crypto with NovaTech, but less than $26M was ever traded on its platform.

Four top promoters (Martin Zizi, Frantz Ciceron, Ricardo Roy Sr. and James Corbett) settled separately, agreeing to pay nearly $6M for victims and accepting permanent industry bans. More than 11,000 New Yorkers invested in NovaTech and its predecessor AWS Mining.

On Oct 22 a Circle shareholder sued Trump, World Liberty and Steve Witkoff, arguing that $2.5B in UAE deals were illegal foreign emoluments.

Trump's 2025 financial disclosure shows about $1.4B in crypto income, $635M of it from the $TRUMP license. His net worth is now $6.6B, up $2.7B since the 2024 election.

Justin Sun is already suing World Liberty over his frozen tokens, and World Liberty has countersued him for defamation.

Congressional Democrats are probing the CZ pardon, $320M+ in $TRUMP trading fees and the $1.5B Alt5 Sigma deal.

Federal conflict-of-interest law doesn't apply to the president. The CLARITY Act, with its ban on officials issuing tokens, stalled 49-50 in September.

SoFi launched SOFIE, a tokenized deposit that pays 4.4% and is FDIC-insured. Members can swap it 1:1 into SoFiUSD, the bank's own stablecoin, 24/7.

Stablecoin issuers can't pay holders under the GENIUS Act. Banks can pay interest on deposits. So SoFi split the job: the deposit earns, the stablecoin moves.

SoFi dropped crypto in 2023 to get its bank charter. Since returning 11 months ago, it has launched SoFiUSD, which now settles its $25B+ card program on Mastercard, and now SOFIE.

SOFIE rolls out to all SoFi crypto members in the US by the end of November.

Aave V4 now lets independent risk managers run their own Liquidity Hub on top of the protocol's codebase, and Sentora is the first curator to go live with three markets on Ethereum.

The RLUSD Yield and OUSD Yield markets let users borrow those stablecoins against USDe, PRIME, mWIN and PST. A separate Bluechip market offers RLUSD, PYUSD or OUSD loans against kBTC. The markets are accessible through Aave Pro.

Sentora has allocated more than $2 billion across onchain strategies and runs over 1,000 risk models per strategy.

Curated Hubs still sit under Aave governance: the DAO keeps ownership of the contracts, risk-increasing changes pass a 48-hour timelock, and new assets require governance review before listing.

South Korea is finalizing its stablecoin rules, and LG CNS, the IT services arm of LG Group, has signed a strategic partnership with Chainlink to expand the utility and distribution of Korean won stablecoins.

The deal brings Chainlink's oracle, cross-chain and data orchestration infrastructure into LG CNS's digital asset platform for Korean institutions. The two companies will also work together on technical standards for oracles, interoperability and cross-chain connectivity in the local market.

Korea's digital asset market is valued at $68 billion, with more than 11 million eligible users.

LG CNS is the lead contractor for Project Hangang, the Bank of Korea's digital currency initiative, whose first phase involved about 80,000 customers across seven Korean banks. The partnership gives Chainlink a direct route into the infrastructure Korean banks and institutions are building for tokenized money.

Core developers agreed on ACDE call #248 to pull the Glamsterdam activation on the Hoodi testnet, which had been scheduled for October 26 at epoch 132,352. The goal is to further investigate how EIP-8037 gas changes interact with existing mainnet smart contracts.

The rollback removes both the Amsterdam execution layer and Gloas consensus layer activations, plus a gas-limit schedule that would have lifted Hoodi's limit to 200M. Hoodi's chain history is not reverted, and the updated configuration contains no replacement epoch or timestamp.

Hoodi was the next test step before Glamsterdam reaches mainnet, and no mainnet date has been set.

Node and validator operators need to update execution and consensus clients before October 26. Besu 26.10.1, Nethermind 2.2.1 and Lodestar v1.50.1 already ship the revised config, while other clients will follow. No action is required from mainnet users or ETH holders.

Hong Kong's biggest lender has moved its HKD-backed stablecoin from naming to live use: HSBC RedCoin is now rolling out to PayMe users in phases, with every user expected to get access before the weekend. The token is issued under an HKMA stablecoin issuer license and is fully backed by segregated liquid assets.

The first phase covers peer-to-peer transfers and payments to merchants on PayMe. Users can activate a RedCoin wallet with no minimum balance, and merchants are settled on the same schedule as regular HKD payments. HSBC gave no target for circulation after an internal pilot with nearly 100 employees.

More than 3.3 million PayMe users are getting access to a bank-issued stablecoin.

By year-end, HSBC plans to connect RedCoin to its Hong Kong banking app so customers can subscribe instantly to tokenised money-market funds from HK$100 ($12.75). Gold tokens and third-party funds are slated to follow, along with wholesale use cases with selected partners.

An internal investigation into Polymarket's marketing practices has ended with the exit of chief marketing officer Matthew Modabber, the prediction market's eleventh employee and a close advisor to CEO Shayne Coplan.

The review focused on a fake webpage promoting staged videos of traders making profits, and on more than $2.5M routed through Modabber's personal PayPal account. At least $350K of that reportedly went to content creators for promotional posts without the required disclosures.

The fake webpage is linked to a CFTC investigation that remains ongoing, though Polymarket has faced no formal regulatory finding of wrongdoing.

The board, which includes Coplan, Nick Tomaino and Alex Spiro, is pushing for a more polished corporate image as the company weighs a potential IPO.