SpaceX shares were up 1.2% in Friday afternoon trading while T-Mobile fell 13.2% and Verizon lost about 10%, as investors repriced the U.S. wireless market following SpaceX’s agreement to acquire nationwide 800 MHz spectrum from Grain Management.AT&T was also sharply lower, with the three incumbent carriers ranking as the biggest percentage decliners in the S&P
U.S. authorities are intensifying their campaign against cryptocurrency networks linked to Iran, but reports suggesting Washington is preparing a new $1 billion digital-asset seizure appear to conflate fresh enforcement activity with a figure disclosed months earlier.Treasury Secretary Scott Bessent said on May 29 that U.S. authorities had already seized approximately $1 billion in Iranian cryptocurrency
Cantor Fitzgerald is facing a Senate inquiry into its financial relationship with Tether, with lawmakers seeking details on the investment bank’s ownership stake, custody revenue, sanctions controls and any financial benefits flowing to Commerce Secretary Howard Lutnick’s family.Senator Richard Blumenthal, the ranking Democrat on the Senate Permanent Subcommittee on Investigations, sent a letter Thursday to
Netflix has released the first trailer for The Altruists, an eight-episode drama about the rise and collapse of FTX that puts former CEO Sam Bankman-Fried and Alameda Research chief Caroline Ellison at the center of one of crypto’s largest fraud cases.The limited series will premiere on November 19, with Anthony Boyle playing Bankman-Fried and Julia
The UK has sanctioned crypto services Cryptomus, Heleket and TokenSpot alongside payment companies tied to Kyrgyzstan, extending its campaign against financial infrastructure suspected of helping Russia move money around Western restrictions.The measures were announced October 8 as part of 38 new Russia-related designations covering financial networks, oil companies, shadow-fleet tankers and suppliers linked to Russia’s
France’s National Assembly Finance Committee has approved two amendments that could substantially change cryptocurrency taxation from January 1, 2027, targeting conversions into stablecoins and unrealized gains held by investors leaving the country.The measures, adopted on October 7 and 8, form part of the proposed 2027 Finance Bill. They would remove an existing tax deferral for
Kazakhstan’s central bank has signed a memorandum of understanding with stablecoin issuer Tether to explore digital currency infrastructure and asset tokenization, although the country has already launched a tenge-denominated stablecoin through its regulatory sandbox.The agreement, announced October 7, 2026, brings together Tether, the National Bank of Kazakhstan and the Alatau City Authority to examine stablecoin
Two companies affiliated with cryptocurrency market maker DWF Labs have filed a $141 million lawsuit against digital asset custody provider BitGo, alleging that the company sold tokens before contractual lock-up periods expired, causing significant financial losses.The lawsuit, filed in London’s High Court and reported on October 9, 2026, was brought by DWF Maas and Falcon
U.S.-listed spot cryptocurrency exchange-traded funds recorded another session of net withdrawals on Thursday, October 8, 2026, as investors continued reducing exposure to Bitcoin, Ethereum and Solana products.Bitcoin ETFs suffered $244.1 million in net outflows, according to Farside Investors, following a substantially larger $484.9 million withdrawal on October 7. Ethereum ETFs also remained under pressure, although reporting
Coinbase will provide the custody infrastructure for USDC balances in Samsung Wallet as the consumer application prepares a US launch in the final week of October. The arrangement uses Coinbase Prime and involves Bastion in the regulated infrastructure. Samsung supplies the consumer interface and distribution; it is not being presented as the direct custodian of the