FTX Bitcoin Bet Takes an Unexpected Turn as SWI Group Raises $900 Million

SWI Group has raised €800 million from institutional investors at a €6.1 billion valuation. The Singapore-incorporated, Amsterdam-listed company is repositioning former FTX backed Bitcoin miner Genesis Digital Assets around AI infrastructure and marketing its sites to hyperscale cloud providers. SWI plans to market Genesis Digital facilities in Texas, North Carolina, South Carolina, and Sweden to…

XRP rebounded as Binance spot turnover fell nearly 80%

XRP futures exposure began rebuilding by October 11 after market-data provider XRPL.to recorded $40.70 million in long liquidations across Binance, Bybit and OKX during October 7–8 in its streamed sample. XRP traded near $1.40 at the October 11 snapshot. Binance and Bybit each had less outstanding futures exposure measured in XRP at midnight on October…

Coinbase AI Agent Cuts Fraud by 30% in Onramp Experiment

Coinbase has fine-tuned an open-weight AI model on its proprietary transaction data to outperform a leading closed-source model in fraud detection, with better detection scores and lower serving latency. In a three-part technical series, the exchange argued that companies can get better results from specialized models trained for their own needs than from relying on…

Ledger wallet implant exposes a gap in its authenticity check

Ledger has confirmed an unauthorized hardware implant in one affected customer’s wallet as independent investigators estimate $93.2 million in suspected cryptocurrency thefts. In an Oct. 10 statement, the hardware wallet manufacturer said the discovery involved a device belonging to one of the affected users. It added that CryptoBilis, an authorized reseller operating in Southeast Asia,…