Financial institutions are sharply increasing investment in cryptocurrency custody, viewing it as a core operational layer rather than simple safekeeping, according to a joint report from Ripple and Boston Consulting Group. The report said more than 30% of crypto assets, excluding exchange-held assets, are now being custodied through institutional models, and that share is continuing to rise amid stronger demand. Ripple and BCG attributed the trend to regulatory developments including MiCA and the GENIUS Act. BCG said local banks could improve revenue by as much as $100 million if they…

Bybit said it has obtained a virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). Bybit CEO Ben Zhou said Dubai has made significant progress in building a regulatory environment for virtual assets, and the company will continue supporting the local digital asset ecosystem while developing its business in line with VARA’s regulatory standards. Source: Coinness

Ethereum Institutional, an independent nonprofit focused on institutional adoption of Ethereum, said on X it is hiring a head of Asia-Pacific to work in Tokyo. The hire will be responsible for building partnerships with Japanese banks, financial market infrastructure companies and institutions, and asset managers, while planning and running briefings for financial institutions and institutional investors. The organization said the role is intended to support financial institutions in using ETH for next-generation financial services. Source: Coinness

About 16 million USDT appears to have been stolen from Indian cryptocurrency exchange CoinDCX, according to Darcy, co-founder of blockchain security firm Salus, who posted the claim on X. The theft appears to have occurred around midnight on Oct. 22, and the funds were deposited to Binance, OKX and Gate, Darcy said. Source: Coinness

Coldcard hardware wallet maker Coinkite and its executives are facing a class-action lawsuit in Ontario, Canada, after the company’s August security incident, ODaily reported. The plaintiffs claim Coinkite had been exposed to risks since March 2021 by using a predictable random number generator. They are seeking damages, alleging violations of consumer protection and sale-of-goods laws, as well as negligence and breach of contract. The amount sought was not disclosed. Source: Coinness

Mojo announced the release of its iOS app, "MOJO: Agent OS," on Apple’s App Store. Users can enter trading ideas on an iPhone to create AI agents, review and approve trading plans, and check execution records in the app. The app is available in 117 countries and regions worldwide. Existing TestFlight beta users can delete the beta app, install the official version 1.0.3 or later, and log in using their existing method to access their accounts, assets, trading history, and memberships. New iOS subscriptions are processed through Apple’s in-app payment…

On-chain analyst Murphy said on X that $83,000 is a key inflection point that could determine BTC’s next price direction. According to a Glassnode chart Murphy shared, around 921,000 BTC had their last on-chain movement near the $83,000 level as of today. Murphy said when BTC fell below $83,000 on Oct. 8, the $79,000-$82,000 range had previously seen relatively light trading volume, so Murphy expected BTC to spend time in that band as trading activity increased. Murphy added that on-chain movement later picked up in that range, leading to a…

Gemini co-founders Cameron Winklevoss and Tyler Winklevoss see ZEC as potentially rising above $5,000 over the next five to 10 years, BlockBeats reported. In a recent interview, the brothers said Bitcoin uses a blockchain structure in which all transaction records are public, providing transparency and verifiability but limiting privacy features, while Zcash supports private transaction data and could complement Bitcoin by addressing that limitation. Source: Coinness

U.S. spot Ethereum ETFs recorded a net inflow of $14.9 million on Oct. 21, reversing course after five straight trading days of net outflows, according to Farside Investors. - BlackRock ETHA: -$29.3 million - Fidelity FETH: +$13.0 million - Bitwise ETHW: +$0.9 million - Franklin EZET: +$0.9 million - Morgan Stanley MSSE: +$1.3 million - Grayscale ETH: +$28.1 million Source: Coinness

U.S. spot BTC ETFs recorded a net inflow of $528.4 million on Oct. 21, marking a third straight trading day of net inflows, according to SoSoValue. - BlackRock IBIT: +$234.99 million - Fidelity FBTC: +$212.71 million - Grayscale GBTC: +$32.59 million - Grayscale Mini BTC: +$8.21 million - Bitwise BITB: +$19.23 million - ARK Investment ARKB: +$9.79 million - Franklin EZBC: +$7.31 million - Valkyrie BRRR: +$3.57 million Source: Coinness

Dragonfly Capital Managing Partner Haseeb Qureshi said on X that on-chain hacking has recently surged, with losses concentrated mainly at smaller protocols with weaker security. Qureshi said cryptocurrency became a target for attacks earlier than other internet services because it is one of the easiest sectors for cybercriminals to extract financial gains from. Large protocols are strengthening security with AI tools, while smaller protocols are coming under repeated attack, Qureshi added. He said the number of hacks has jumped sharply, but total losses this year are rising at a pace…