CoinDCX Refutes Fraud Claims, Cites False FIR Against Co-Founders and Numerous Fake Websites

The government shutdown has led to a lack of official economic statistics, including the crucial Nonfarm PayRolls Report, impacting the Federal Reserve's monetary policy decisions. Challenger, Gray & Christmas reported a significant increase in job cuts, with layoffs tripling compared to October 2024, signaling a tightening labor market.

The Bank of England plans to match the U.S.'s pace in rolling out stablecoin regulations, aiming for operational rules by the end of next year. Deputy Governor Sarah Breeden emphasized the importance of aligning efforts with the U.S. to ensure a timely and coordinated approach.

Coinbase Europe has been fined $24.8 million by the Central Bank of Ireland for AML and counter-terrorist financing breaches, involving over 30 million transactions. The failure to monitor transactions properly allowed criminals to evade detection, resulting in 2,708 Suspicious Transaction Reports.

Fomo's co-founders raised $17 million in a Series A round led by Benchmark, securing a total of $19 million. They attracted 140 angel investors by pitching their super app concept offering millions of crypto assets across various blockchains with a social trading feature.

Coinbase has settled with the Central Bank of Ireland, paying a $24.7 million (€21.5 million) fine over "technical coding errors" affecting transaction monitoring in 2021 and 2022. After re-reviewing customer transactions, the errors led to the filing of approximately 2,700 suspicious transaction reports with the Irish government.

Strive, an asset management company, plans to raise $160 million through an upsized initial public offering of 2 million Variable Rate Series A perpetual preferred stock shares priced at $80 each. The net proceeds will fund various corporate purposes, including bitcoin investments and potential acquisitions.

Bitcoin's recent drop below its 200-day moving average was influenced by macroeconomic factors, including government shutdown and a hawkish Fed. Market analyst Tom Lee believes these pressures may reverse, leading to a potential rebound in the crypto market.

Robinhood's third-quarter revenue of $1.27 billion, a 100% increase year-on-year, exceeded expectations, driven by strong crypto and options trading. CEO Vlad Tenev highlighted the success of prediction markets, with volumes doubling each quarter, and the company's plans to expand internationally.

Franklin Templeton has introduced a blockchain-based money-market fund in Hong Kong for professional investors, with plans for a retail version. The fund, represented as tokens, invests in short-term U.S. government securities, offering faster transactions and lower costs.

Circle has updated its policy to allow customers to use USDC for legal firearms purchases, following criticism from gun rights advocates. The change came after a report questioned the ban on transactions involving weapons, highlighting concerns about political bias and Second Amendment rights.