A Texas business court on Oct. 2 dismissed a shareholder derivative suit tied to past misconduct allegations against Coinbase’s board, ruling the plaintiff failed to make a written demand on the board before filing the case. Coinbase moved its place of incorporation from Delaware to Texas in December 2025. The plaintiff argued the suit could proceed without a prior board demand under Delaware law because of the timing of the relocation, but the court found Texas law at the time of filing should apply. The dismissal was issued without prejudice,…

Two wallets believed to belong to the same whale withdrew a total of 5,965 ETH worth about $14.89 million from Binance over the past 20 minutes, according to on-chain analyst ai_9684xtpa. The average withdrawal price was $2,496.95. The funding address for the wallets was also seen transferring similar amounts of USDC to several other new addresses. The analyst said the whale may be dispersing funds for additional ETH purchases. Source: Coinness

South Korea’s cryptocurrency tax, set to take effect on Jan. 1, will not apply to profits from crypto futures and options trading on overseas exchanges under current law, KBS reported. Under the existing Income Tax Act, taxable income covers gains from transferring or lending virtual assets, meaning profits from spot crypto trading or lending on domestic and overseas exchanges are subject to tax. By contrast, futures and options are derivatives contracts whose returns are tied to price movements rather than direct transfers of the underlying crypto asset. KBS said that…

BTC is showing a price pattern similar to moves seen from late 2025 to early 2026, with $80,500 potentially serving as a key near-term support level, according to CryptoQuant contributor Darkfost. In a post on X, Darkfost said BTC has been fluctuating around its capital-weighted cost basis, the average purchase price calculated based on the amount of capital invested by holders. Darkfost said that price zone marks the threshold where the average profit and loss of market participants splits between gains and losses, which could materially influence investors’ trading decisions.…

The tokenized commodities market, long centered on gold, is expanding into silver and oil, CoinDesk reported. According to CoinGecko, the sector’s market capitalization rose from $1.43 billion at the start of 2025 to $5.55 billion at the end of March 2026. About 90% of that increase came from gold-backed tokens issued by Paxos and Tether. Iggy Ippolito, chief investment officer at Theia, projected the tokenized commodities market could reach tens of billions of dollars within five years and exceed $100 billion within 10 years. Still, physical asset custody and transportation…

Tron founder Justin Sun said on X Tron has deployed quantum-resistant cryptography on its testnet to respond to potential attacks from quantum computers. Sun said Tron is closely monitoring advances in quantum computing and artificial intelligence and is ready to introduce quantum-resistant technology to the mainnet at any time. Sun added Tron aims to become one of the major blockchains with quantum resistance in place before "Q-Day," the point at which quantum computers could render existing cryptographic systems ineffective. A timeline for deploying the technology on the mainnet was not…

Global fintech companies are increasingly using cryptocurrencies as core infrastructure for payments, settlement and financial services rather than simply as investment assets, crypto investment firm IOSG said in a report. Comparing the business strategies of major fintech companies including Visa, Mastercard, Stripe, PayPal and Robinhood, the report said stablecoins are emerging as a key tool linking traditional finance with blockchain-based finance. IOSG added that securing competitiveness in future financial markets will require a large user base, regulatory compliance capabilities and control over financial infrastructure. The report also projected that DeFi…

Large-scale investors accumulated around 15,000 BTC and more than 166,000 ETH over the past 72 hours as prices fell, crypto analyst Ali Martinez said on X. Over the same period, the investors also bought about 45 million XRP. Source: Coinness

Crypto trading fee revenue in Hong Kong’s securities industry fell 13.5% to HK$99.3 million ($12.8 million) in the first half of 2026 from HK$114.8 million in the second half of last year, according to a financial report on the securities industry released by Hong Kong’s Securities and Futures Commission, or SFC. Source: Coinness

A media outlet reported, citing Bitcoin Treasuries data analysis, that Bitcoin treasury company Strive is estimated to have raised about $55 million this week through a preferred stock issuance of SATA. That would be enough to buy around 638 BTC. The estimate was based on SATA trading volume and past disclosures, while the actual issuance size and whether the company bought BTC have not been confirmed. Source: Coinness

Orbio, an AI project in the Robinhood ecosystem, has raised $1.2 million in seed funding. The participating investors were not disclosed. Orbio plans to use the funding to build a system that allows AI agents to independently secure computing resources, hardware and dedicated infrastructure. The project is also developing a marketplace where access to more than 400 AI models can be traded at discounted prices. The ORBIO token was issued through a liquidity pool based on tokenized Nvidia shares. According to GMGN, ORBIO has a market capitalization of around $53.42…