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Coinbase has published a technical discussion paper on preparing Bitcoin for potential quantum-computing threats, urging the network to begin migration planning as soon as possible. The exchange said Bitcoin should respond proactively to possible cryptographic risks from quantum computers in the future. Coinbase said a quantum-resistant Bitcoin upgrade cannot be solved simply by choosing a new quantum-resistant signature algorithm, adding that multiple factors must be considered together, including block-space constraints, full-node verification capacity, institutional asset custody requirements, compatibility with retail wallets, and how to handle funds that cannot be migrated. Coinbase also stressed the migration could take years and said preparations should be completed before any quantum-computing threat becomes a reality.

BTW has risen by 3.89% in the past five minutes on the COINNESS market. Currently, BTW is trading at $1.93.

Strategy said on its official X account that its Bitcoin Banking Adoption Index rose to 34% in the third quarter this year. The company added that major global banks are steadily increasing their adoption of Bitcoin and digital assets, although adoption of those assets across the banking sector remains in its early stages.

Blockchain project peaq has partnered with the digital subsidiary of German professional football club Eintracht Frankfurt, Cointelegraph reported. Under the partnership, the two sides will assess the potential introduction of autonomous machine-to-machine payments and related services at Deutsche Bank Park, Frankfurt’s home stadium.

BTW has risen by 7.76% in the past five minutes on the COINNESS market. Currently, BTW is trading at $2.

BTW has fallen by 3.88% in the past five minutes on the COINNESS market. Currently, BTW is trading at $1.85.

Layer-1 blockchain Solana (SOL) said its new consensus protocol, Alpenglow, will be applied to mainnet beta at around 2:50 p.m. UTC on Oct. 21. Solana said the protocol was developed over 18 months and that the migration will take place within a single slot. Finality will be shortened to about 150 milliseconds from several seconds.

StarkWare has cut the estimated computation cost of Bitcoin quantum-resistant transactions, or QSB, by 82% to $59 from about $320, CryptoSlate reported. The cost fell from $320 during the first mainnet demonstration in August to $67 in September and then to $59 in the latest update. QSB is an emergency-response technology designed to help defend against quantum-computing attacks without changing Bitcoin’s consensus rules. The figure is based on benchmark testing rather than actual transaction costs, and it does not include Bitcoin network fees.

Decentralized lending protocol Morpho announced the appointment of Brian Foster, a former Coinbase executive, as head of go-to-market strategy. Foster spent more than seven years at Coinbase, where Foster oversaw institutional and infrastructure initiatives spanning exchange-traded funds, trading as a service, stablecoin payments, and government-related business. Morpho said Foster also led the company’s partnership with BlackRock and its collaboration efforts tied to the U.S. federal government. Morpho said Foster will lead efforts to expand its business with fintech firms and financial institutions and help accelerate the adoption of on-chain credit products.

Wells Fargo is preparing to capture potential business opportunities tied to growth in the U.S. stablecoin market, Watcher Guru reported, citing comments from the bank’s CEO.

Solana-based DeFi protocol Raydium (RAY) has launched a Solana-based staking service for the INJ token. The move is expected to boost INJ token participation and liquidity within Solana’s decentralized ecosystem.

The U.S. Federal Trade Commission is conducting an early-stage review of the online sports betting industry, The Block reported. The regulator is expected to focus on potentially misleading advertising by sports betting operators including FanDuel and DraftKings. According to the report, prediction market platforms such as Kalshi and Polymarket are not expected to be included in the review.

Coinbase said on its official website it cooperated with UK and U.S. law enforcement agencies in a crackdown on scam rings based in West Africa. Coinbase said it worked with the UK’s National Crime Agency, the U.S. Justice Department’s Scam Center Strike Force, and the Tech Against Scams coalition during an international joint anti-fraud operation held in London from Oct. 6 to Oct. 9. Coinbase said some criminal groups are shifting their operations to West Africa and other regions as crackdowns on scam hubs in Southeast Asia intensify.

Interactive Brokers has launched Ethereum staking for clients through crypto infrastructure firm Zerohash, Zoomer News reported.

CME Group CEO Terrence Duffy said the U.S. CFTC may be overextending its regulatory authority by claiming jurisdiction over prediction markets, The Block reported. Speaking at DC Fintech Week on Oct. 13, local time, Duffy said the conflict between the federal government and state governments over prediction market oversight will ultimately reach the U.S. Supreme Court. Duffy added he expects state governments and tribal governments to prevail in the end.

Jonathan Jachym, chief policy officer at Payward, Kraken’s parent company, said comprehensive U.S. cryptocurrency regulation is still being delayed, according to Crypto Briefing. Jachym said both Democrats and Republicans agree on the need for related rules, but specific legislative progress has yet to materialize. The U.S. Commodity Futures Trading Commission is now pursuing new rules for cryptocurrency trading by retail investors, though those discussions remain at an early stage. He added that with the CLARITY Act failing to pass the Senate, CFTC rulemaking has emerged as a main path for improving the system, while the lack of clear legal standards for the crypto market remains the central issue.

Trezor is sharply reducing the number of its official resellers after a Ledger-related supply chain incident, Unfolded reported. Trezor said there is no evidence device security was compromised and described the move as a precautionary decision taken out of caution. Earlier, Ledger found an unauthorized inserted device in products sold by Crypto Billis, and Crypto Billis halted Ledger product sales during the investigation. Losses are estimated at about $90 million.

The three major U.S. stock indices opened mixed today. - S&P 500: -0.14% - Nasdaq: -0.38% - Dow Jones: +0.47%

Taiwanese singer Jeffrey Huang, also known as Machi Big Brother, has lost $11.27 million over the past seven days, according to i_9684xtpa. Huang reduced the position twice today and is currently holding a 25x long position in 7,150 ETH worth $17.86 million. The liquidation price is $2,472.78.

Block plans to introduce a rewards option that would give Square credit card users 3% of their purchase amount back in Bitcoin, Crypto Briefing reported. Details including the launch timeline, eligibility and payout structure have not yet been disclosed.

Aptos announced its initial token unlock for core contributors and investors was officially completed on Oct. 12, in line with the token distribution plan announced at the time of its mainnet launch. The unlock took place over four years.

Annual stablecoin lending rates on Solana have reached 6.7% to 8%, above the 3% to 4.4% seen on Ethereum and Arbitrum, Crypto Briefing reported. Lending on Solana is being led by Kamino Lend and Jupiter Lend. The two protocols have total value locked of about $1.31 billion and $1.13 billion, respectively, bringing the combined size of Solana’s major lending protocols to more than $2.7 billion.

CoinShares said the U.S. consumer price index for September, due this week, is a key variable for Bitcoin’s price. The firm explained, "비트코인과 나스닥 지수의 상관관계가 장기 평균의 약 40% 수준으로 높아지고, 물가연동채권과의 상관관계도 강화되고 있다." CoinShares added Bitcoin could retest $80K if core CPI rises 0.3% from the previous month, as that would lift expectations for a Federal Reserve rate hike in October. If the reading comes in at 0.2% or lower, support would likely build for delaying a rate decision until December.

If U.S. Democrats secure a congressional majority in the midterm elections, congressional investigations into cryptocurrency firms and prediction markets could intensify, Reuters reported. Even if Democrats take the Senate or House, it would be difficult to directly halt President Donald Trump’s financial deregulation policies, but their authority to investigate regulators and related companies would expand significantly, giving them broad power to scrutinize the industry and supervisory agencies. Kevin Edgar, a partner at BakerHostetler and former chief counsel to the U.S. House Financial Services Committee, said everything that occurred during the first two years of the Trump administration could become subject to investigation.

S&P has completed its first onchain derivatives swap transaction on the Canton blockchain, BlockBeats reported. Marex and Chicago-based trading giant DRW participated in the trade.