Charles Schwab Plans to Introduce Prediction Markets With Cboe for Wagering on the S&P 500's Performance: WSJ

Grinex, a Russian crypto exchange linked to Garantex, reported a hack of over $13 million by "Western special services." The exchange, known for trading ruble-backed stablecoin A7A5, has paused activity and reported the incident to law enforcement.

Stack BTC has appointed David Galan as its new CEO to lead the company's strategy shift towards acquiring cash-generative businesses to accumulate Bitcoin. The leadership change follows investments from political figures like Nigel Farage and Kwasi Kwarteng, with Farage backing the company's Bitcoin treasury approach.

Charles Schwab, with $11.8 trillion in client assets, is considering prediction markets but is cautious due to clients' lack of interest and concerns about gambling. Despite the rise of prediction markets in the financial sector, Schwab is not rushing to offer such products.

Tennessee lawmakers are considering a bill to establish a state Bitcoin reserve, allowing the State Treasurer to invest a limited share of select state funds in BTC. The proposal aims to combat inflation and improve long-term returns through responsible financial management.

Morgan Stanley's new Bitcoin ETF attracted $100 million within its first six days of trading, making it the first Wall Street bank to offer an in-house Bitcoin product. This move, along with Goldman Sachs and Charles Schwab entering the crypto market, signals a shift in the industry.

Drift Protocol is receiving financial support from Tether and other partners to aid in recovery efforts following a $285 million exploit. The collaboration includes a revenue-linked credit facility and a recovery pool for affected users.

Brazilian media personalities MC Poze do Rodo and MC Ryan SP were arrested for their alleged involvement in a $300 million money-laundering ring. Police seized luxury items like aircraft and boats, suspecting crypto was used to conceal illicit funds.

The exploit involving the minting of 1 billion wrapped Polkadot (DOT) tokens was worse than initially reported, resulting in a loss of approximately $2.5 million. The attacker exploited a vulnerability in the Merkle Mountain Range proof verification logic, affecting multiple blockchains.

Foundation, a prominent Ethereum-based NFT marketplace, faced a failed sale to Blackdove, leading to a wind-down process. Cofounder Tehranian urged users to migrate off the platform due to market conditions.

A mother and her 11-year-old son were kidnapped from their home in Burgundy in a ransom plot targeting the father's cryptocurrency business. The victims were held overnight before being rescued by France's elite GIGN police unit from a hotel room in Val-de-Marne.