Australia moves to close crypto derivatives loophole after retail traders lose A$458 million

Australia’s markets regulator proposed extending retail leverage restrictions to crypto-settled derivatives amid mounting losses among investors trading risky financial products. On Oct. 12, the Australian Securities and Investments Commission (ASIC) announced it wants to expand its existing contracts-for-difference (CFD) rules to cover qualifying derivatives settled through digital assets, closing a regulatory gap that lets economically…

A $5 billion Bitcoin fortune is at stake, but UK court says being defrauded isn’t enough to claim it

A London judge rejected Chinese fraud victims’ bid to use English law to claim more than 61,000 seized Bitcoin. In an Oct. 12 ruling, High Court Justice Mark Turner sided with British prosecutors, determining that Chinese law must govern ownership claims over the cryptocurrency, currently worth approximately $5 billion. “The applicable law is Chinese law,”…

Anthropic Claude AI Predicts BTC to $1M+ Ahead of IPO

Ahead of its highly anticipated IPO, Anthropic’s Claude AI predicts that by January 1, 2027, Bitcoin could hit $500,000–$1,000,000, with a stretch target of $1.5M, assuming a full-blown crypto bull market returns and is turbocharged by a landmark catalyst. BTC is trading around $83,200–$83,500 as of October 13, 2026. This highly speculative outlook assumes a…