Cryptoccino — Thursday 29 October 2026

OKX-ICE tokenized stock venue hits 33 corporate objections. JPMorgan, Coca-Cola, Dell and four others joined the list of firms blocking use of their shares on the planned tokenized equity platform, bringing the running tally to 33. The rejections span issuers across sectors and make the venue’s launch increasingly difficult to execute without a structural redesign or regulatory carve-out. coindesk decrypt

Hyperliquid spoofing allegations surface during oil volatility. Bloomberg reports that a trader appeared to attempt price manipulation via crypto perpetuals on Hyperliquid during a sharp oil market swing, raising questions about the platform’s surveillance architecture. The incident illustrates the regulatory blind spot that comes with a non-custodial perp venue matching institutional-scale flow. bloomberg_crypto

Robinhood crypto revenue falls 55%, but Wall Street shrugs. Robinhood’s quarterly crypto take dropped sharply year-on-year as retail trading volume cooled, yet analysts at Bernstein kept their bullish stance, arguing the firm’s trajectory is towards infrastructure rather than execution fees. Robinhood Chain and new prediction market and perp products are the story the street is pricing. theblock decrypt coindesk

Datavault AI says it cannot access its own Bitcoin, stock collapses. The Bitcoin treasury company disclosed it has been locked out of its BTC held at exchange Biconomy since June and will restate four financial reports connected to a $150 million Scilex transaction. The situation underscores custodial and audit risk that smaller treasury vehicles carry when they replicate the Strategy playbook without the same operational infrastructure. decrypt

RLUSD earns Moody’s A2 rating and lands on Coinbase in the same week. Moody’s assigned Ripple’s RLUSD an A2 long-term and P-1 short-term rating, citing Treasury-heavy reserves, though it noted holders have no direct ownership claim on those reserves for now. The stablecoin is now live across Coinbase retail, exchange and Prime with 1:1 USD conversion on XRP Ledger, Ethereum and Base, capping a week that also included OCC bank approval and Ripple projecting a $900 million annualised product revenue run rate. theblock decrypt theblock theblock

DTCC and major banks test bringing $30 trillion in securities onto blockchain rails. The Depository Trust & Clearing Corporation announced a pilot with large bank partners to explore blockchain settlement for US securities, a move that would touch the settlement layer for the bulk of American equity and fixed-income flow. The project is exploratory, but DTCC’s involvement means the plumbing conversation has moved from fringe to infrastructure committee. coindesk

Securitize fires back at anti-tokenisation WSJ ad with a full-page counter. An anonymous group ran a Wall Street Journal advertisement opposing tokenised stock trading, prompting Securitize to buy its own full-page rebuttal in the same paper. The public exchange underlines how contested the tokenised equity narrative remains at the regulatory and corporate-relations level, even as institutional pilots multiply. coindesk cryptobriefing

Pendle’s TVL rises for the first time in a year as RWA displaces incentive farming. The yield-trading protocol posted a 43% TVL gain in Q3, its first positive quarter in twelve months, driven by real-world asset integrations rather than token incentives. The shift validates a thesis that sustainable DeFi growth in the current climate runs through yield on tokenised credit rather than recursive liquidity mining. cryptobriefing

Ethereum client flaw patched before attackers could redirect validator rewards. Multiple Ethereum clients shipped emergency patches for a vulnerability that would have allowed an attacker to reroute staking rewards away from legitimate validators. Node operators should confirm they are running updated client versions; the patch was coordinated ahead of public disclosure. coindesk

Bithumb internal system breach leaks personal data. South Korea’s second-largest exchange confirmed that hackers accessed an internal system, with customer personal data potentially exposed. Bithumb said funds were not at risk and an investigation is ongoing alongside reports of breaches at two other South Korean financial firms in the same period. decrypt

Coinbase customer data caught in analytics vendor breach. Amplitude, an analytics provider used by Coinbase, suffered a breach that exposed data belonging to a subset of Coinbase users; the exchange said no funds were affected. The incident is a reminder that third-party data vendors remain a persistent attack surface even when exchange-side security is sound. decrypt

Treasury sanctions Russian and North Korean nationals in DPRK IT worker fraud network. OFAC designated a set of Russian and DPRK individuals for placing fraudulent IT workers inside US companies and funnelling cryptocurrency proceeds back to Pyongyang. Chainalysis notes the operation is part of a broader DPRK pattern of using remote work placements as a revenue and intelligence mechanism. chainalysis

Utah files criminal gambling charges against Kalshi and its co-founders. Utah prosecutors charged the CFTC-regulated prediction market and its leadership with running an illegal gambling operation under state law, creating a direct state-versus-federal jurisdictional conflict. The case will test whether a federal derivatives licence insulates an operator from state gambling statutes, a question with broad implications for prediction market expansion. coindesk cryptobriefing

FEC outage during peak midterm PAC filing period raises crypto-spending transparency concerns. The Federal Election Commission reported an electronic filing system failure on Tuesday, the week when crypto-aligned PACs are expected to log their largest pre-midterm expenditures. The timing means some crypto political spending may not be publicly visible before voters go to the polls. cointelegraph_regulation

Crypto sector watches for congressional power shift after midterms. Industry groups are modelling scenarios where committee chairs overseeing digital asset legislation change hands, which could alter the pace and shape of post-Clarity Act rulemaking. A shift in either chamber would likely restart stakeholder negotiations on market structure and stablecoin bills that have only recently found working drafts. theblock

Brazil’s Itaú becomes first bank formally licensed as a crypto broker under new rules. The country’s largest lender received formal recognition as a crypto brokerage under Brazil’s updated regulatory framework, setting a precedent that other large Brazilian banks are expected to follow. The move accelerates institutional on-ramps in Latin America’s largest economy and gives Itaú a compliance head start over fintech competitors. coindesk

What else is grinding?

• Hyperliquid burned roughly $4 billion in HYPE tokens, cutting circulating supply by nearly 5%, though analysts are sceptical the move is enough to push the token to $100 by year-end. cryptobriefing
• Avail launched ShieldTX, a privacy tool for Hyperliquid that spins up a separate wallet per perpetual position to frustrate copy-trading bots. theblock
• XRP Ledger developers proposed a protocol change that would allow wallets to be created with zero XRP, removing the reserve requirement that currently blocks stablecoin-only onboarding. coindesk
• Strategy shareholders approved daily dividends on preferred stock with 99.3% in favour, with STRC payouts beginning in November and three other series following in January. decrypt
• Canada’s alleged ‘crypto king’ Aiden Pleterski declared his innocence at closing arguments as his fraud trial over a claimed digital asset Ponzi scheme went to the jury. cointelegraph_regulation
• Google is set to preview a crypto custody security system designed to counter AI-assisted threats, ahead of a broader launch timeline that has not been disclosed. coindesk

Last sip. Thirty-three companies have said no to the OKX-ICE tokenised stock venue, but nobody has officially said the project is dead.