What’s good out there in the Ether? I’m Quile, and here’s your daily dose of pure, uncut on-chain chaos.
Man, thank god it’s Friday, amirite? We’ve got bloody markets. Does Bono have Friday Bloody Friday song?
So, markets are bleeding today because leverage and nerves finally snapped in unison. We saw over a billion in longs wiped yesterday, Bitcoin cracked below key support, and ETF outflows piled on as TradFi rotated to safety. The IMF’s “disorderly correction” warning hit just as Trump reignited tariff war rhetoric, shaking risk appetite across equities and crypto alike. Japan’s yen surged, U.S. banks wobbled, and everything from gold to oil flashed risk-off. It’s not panic, just a reminder that the system’s still fragile — and when macro blinks, onchain feels it first.
Leading the headlines today… Let’s start with this story adjacent to crypto. I love this Hacker stuff.
Hackers from a group calling itself Scattered LAPSUS$ Hunters leaked the personal details of hundreds of U.S. government officials—including nearly 700 from the Department of Homeland Security—along with staff from ICE, FBI, and the DOJ. The dox was posted on Telegram by members of “the Com,” a loose network tied to several major data breaches. One message referenced claims that Mexican cartels are paying for the identities of DHS agents, though the U.S. government hasn’t confirmed any link. The dump adds to growing concerns about politically motivated and financially driven cyberattacks targeting U.S. law-enforcement agencies.
The report originates from 404 Media, written by Joseph Cox, a veteran investigative journalist known for covering cybersecurity, hacking groups, and surveillance.
Cox’s article cites:
Telegram posts from the Scattered LAPSUS$ Hunters channel, which shared the leaked data and cartel-related messages.
Context from previous reporting on “the Com”, a broader hacking community linked to major breaches.
U.S. government statements referencing cartel interest in doxing DHS agents — though Cox notes that no official evidence has been provided to support those claims.
Now to the Crypto Headlines for October 17:
1) FIFA NFTs Red-Carded — Regulators Say It’s Gambling, Not Collecting
Switzerland’s gambling authority filed a criminal complaint against FIFA’s World Cup NFT platform.
The platform’s tokenized “ticket vouchers” allegedly cross the line into unlicensed gaming.
FIFA’s defense: “They’re collectibles, not wagers.” Regulators: “Yeah, and Dogecoin’s a currency.”
Legal fallout could ripple into fan token markets, fantasy sports, and play-to-earn integrations.
TL;DR: even the world’s biggest sport can’t dribble past compliance.
2) France Targets Coinbase, Binance, and Friends with AML Blitz
The French financial watchdog is widening anti–money laundering checks on major exchanges.
Coinbase, Binance, and several EU-based platforms have been flagged for “enhanced scrutiny.”
The move comes as MiCA enforcement ramps up — France wants to be first to flex oversight.
Could signal more audits, forced registrations, and frozen onboarding for non-compliant players.
It’s Europe’s “Operation Clean Hands,” except everyone’s holding stablecoins.
3) Stripe-Backed Tempo Raises $500M to Build a Stablecoin Superchain
Tempo scored a massive $500M Series A at a $5B valuation — one of the year’s biggest rounds.
Backed by Stripe and major fintech investors, Tempo’s L1 targets enterprise-grade stablecoin rails.
Think “Visa settlement layer,” but on-chain, with predictable gas and bank-friendly compliance baked in.
Ethereum devs are flocking there (including Dankrad Feist), betting Tempo could become the corporate chain.
With Stripe’s network, Tempo could actually bridge TradFi payments and DeFi liquidity.
4) Huobi Founder Li Lin Returns with a $1B Ether Treasury Fund
Li Lin’s back from the shadows with a new $1B fund to accumulate and manage ETH.
The firm’s goal: become a long-term Ether treasury similar to MicroStrategy’s BTC play.
Backed by Asian family offices and ex-Huobi execs, it’s a power move to reenter institutional DeFi.
Expect aggressive ETH buys during dips and staking allocations across EigenLayer and Lido.
Rumor mill says they’re also exploring tokenized ETH treasuries for public listing.
5) Nasdaq’s Tokenization Plan Hits a Transparency Wall
Nasdaq’s big RWA push is facing criticism from Ondo Finance, who’s calling BS on the “open ledger” claim.
Ondo’s argument: if you’re going to tokenize, make it verifiable, not “PDF-backed securities.”
TradFi wants tokenization without transparency — a “blockchain, but private” narrative.
This clash sets the tone for how Wall Street enters DeFi: either they adapt or dilute.
Meanwhile, on-chain RWAs like BlackRock’s BUIDL and Ondo’s USDY are eating their lunch in real time.
Quick Bits
Astra Nova Raises $48.3M to Grow Web3, AI Entertainment Ecosystem
MetaMask integrates Polymarket
OpenSea Rumors Airdrop as Volume Spikes - Daily trading volume up 60%, floor prices stabilizing, and whispers of the long-delayed SEA token launch.
MegaETH buys back early investor warrants - The high-speed chain just reclaimed 4.75% of its equity and token warrants.
Macro’s in meltdown mode: the IMF warned of a “disorderly correction,” Trump reignited tariff talk, and global liquidity is tightening faster than a Ledger support queue.
Over $1.1B in longs got liquidated overnight, ETFs saw record outflows, and risk assets bled across the board.
Happy Hodling over the weekend folks. Stay safu.
WHERE TO FIND DCN
EMAIL or FOLLOW the Hosts
Quile
Email: kyle@dailycryptonews.net
X: @CryptoQuile
——————————————————————
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! WE ARE NOT EXPERTS! WE DO NOT GUARANTEE A PARTICULAR OUTCOME. WE HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT.
