<p>The Indonesian regulatory authority has extended the registration deadline for cryptocurrency traders to the end of November 2024, giving existing "candidate crypto asset physical traders" more time to meet regulatory requirements. The Australian Securities and Investments Commission has charged the former CEO of Mine Digital with fraud. The Bank for International Settlements report highlights the risks and challenges of tokenization. Crypto payment provider Transak was hit by a ransomware attack, resulting in the leak of some user information. The main suspect in the laundering case of 60,000 bitcoins in the UK has denied the charges. A proposal by the founder of Sky to retain the Maker brand has been made. The Grass Foundation announced an airdrop plan to distribute 100 million GRASS tokens. Komainu has acquired Propine, expanding into the Asian market. The first airdrop from Scroll is now open for claiming. MetaMask has integrated with Space ID to simplify transactions. VanEck's Solana ETN has launched staking features. The founder of Ripple donated over 11.80 million USD to the Harris campaign team. Northern Data plans to sell its crypto mining division. BlackRock's Bitcoin spot ETF ranks among the top 2% in asset management size. Bitcoin's hash rate has hit an all-time high. Pump.fun has sold 40,000 SOL.</p>

**Indonesian Regulatory Agency Extends Cryptocurrency Trader Registration Deadline to the End of November 2024**  
The Indonesian Commodity Futures Trading Regulatory Agency (Bappebti) has issued new regulations extending the registration deadline for cryptocurrency traders until the end of November 2024. This extension allows existing "Candidate Cryptocurrency Physical Traders" (CPFAK) more time to meet all the requirements to officially become "Cryptocurrency Physical Traders" (PFAK).  

**Australian Securities and Investments Commission: Former CEO of Cryptocurrency Exchange Mine Digital Charged with Fraud**  
According to Jin10, the Australian Securities and Investments Commission (ASIC) has charged James Cumming, the former CEO of the cryptocurrency exchange Mine Digital, with involvement in fraudulent activities.  

**Bank for International Settlements Report Highlights Risks of Traditional Finance's Shift to Tokenization**  
According to The Block, the Bank for International Settlements (BIS) released a report on Monday titled "Tokenization in the Context of Currency and Other Assets: Concepts and Implications for Central Banks," exploring how tokenization is reshaping the financial landscape and its implications for central banks. The report emphasizes that tokenization can bring significant benefits, such as reduced transaction costs and increased transaction speeds, which have piqued the interest of institutional investors; however, these advantages come with inherent risks and challenges.  

The report identifies several risks associated with tokenization, including potential governance and legal framework issues, as well as credit, liquidity, custody, and operational risks. These challenges may differ from those faced by traditional market infrastructure and thus require comprehensive assessment by central banks. The report states: "Central banks need to assess the trade-offs and appropriate balances between different types of settlement assets in token arrangements and identify, monitor, and evaluate token arrangements that may require sound regulation and supervision."  

The BIS report highlights the potential impact of token arrangements on the implementation of monetary policy, especially regarding changes in regulated market structures and the demand for central bank money relative to other forms of currency. This evolving situation may affect how central banks operate in the future. BIS General Manager Agustín Carstens noted that while tokenization can enhance the security and efficiency of the financial system, it also brings economic, legal, and technological challenges that must be addressed. The report points out that legal risks associated with tokenization may arise from unintended or uncertain applications of the law.  

**Cryptocurrency Payment Provider Transak Recently Hit by Ransomware Attack, Some User Information Leaked**  
According to on-chain investigator ZachXBT, cryptocurrency payment service provider Transak recently suffered a ransomware attack. Transak stated in a blog post earlier today that the incident was limited to a small portion of users (1.14% of the user base), with leaked names and basic identity information, while the ransomware group claimed it included personal identifiable information (PII) and more user data. According to Transak's website, it has been integrated with Metamask, Trust Wallet, Coinbase, Ledger, and others for fiat-to-crypto on and off ramps.  

**Main Suspect in 60,000 Bitcoin Money Laundering Case, Qian Zhiming, Denies All Criminal Charges in the UK**  
According to Bloomberg, Qian Zhiming, the main suspect in the UK’s 60,000 Bitcoin money laundering case and the Tianjin Blue Sky and Ge Rui 43 billion yuan illegal fundraising case, was arrested in April this year and charged with two counts of money laundering. The UK’s Crown Prosecution Service alleges she held and transferred illegal cryptocurrency on or before April 23. A man named Seng Hok Ling was also charged alongside her, and he pleaded not guilty to one charge of participating in money laundering arrangements knowing or suspecting they were criminal property. The trial is scheduled to commence on September 29, 2025, at Southwark Crown Court. "Her lawyer stated after the hearing: 'Ms. Zhang denies all criminal charges and intends to actively defend herself.'"  

**Sky Founder Proposes to Retain the Maker Brand but Undergo a Series of Transformations**  
Rune Christensen, the founder of Sky (formerly MakerDAO), posted on the X platform that two weeks after the release of USDS, the total supply surpassed 1 billion; most of the demand for USDS comes from new users, while the supply of Dai remains stable at 4.70 billion; since the release of USDS, the total inflow of both USDS and Dai has increased by approximately 700 million. Furthermore, Christensen noted that aside from renaming 1 MKR to 24,000 SKY, many are confused about the use of the Sky token and have raised questions about the introduction of token issuance. Additionally, naming the protocol, token, and front end as Sky undoubtedly adds some confusion. It is now clearer than ever that the DeFi community holds a strong affection and trust for the Maker brand. Many have a strong identification with the brand and what it represents—stability, security, and the scale of DeFi—and many express a willingness to hold MKR tokens rather than upgrade to Sky. In response to community feedback, Christensen proposed a series of governance proposals concerning the fate of the Maker brand, MKR token economics, and the role of Sky.  

**Grass Opens Airdrop Eligibility Query, Will Allocate 100 Million GRASS Tokens to Early Users**  
The Grass Foundation announced the Airdrop One plan and opened eligibility queries for the airdrop. This airdrop will allocate 100 million GRASS tokens, accounting for 10% of the total supply. The specific allocation is as follows: 9% will be distributed to users who earned Grass Points in the first phase network snapshot, 0.5% to GigaBuds NFT holders, and another 0.5% to users who installed the desktop node or Saga app. The network snapshot includes users who earned more than 500 Grass Points within a specific period. Each eligible GigaBuds NFT holder will receive 515 GRASS.  

**Cryptocurrency Custodian Komainu, Backed by Nomura Holdings, Announces Acquisition of Propine**  
According to Bloomberg, Komainu, a cryptocurrency custodian backed by Nomura Holdings, has announced the acquisition of Singaporean competitor Propine Holdings Pte Ltd, marking its first acquisition deal.The acquisition requires approval from the Monetary Authority of Singapore, said Paul Frost-Smith, co-CEO of Komainu, as part of the company's strategy to expand in Asia. Through this acquisition, Komainu will obtain a capital markets service license in Singapore, laying the foundation for future development. Furthermore, Komainu plans to apply for a major payment institution license in Singapore to provide comprehensive payment services. Komainu also plans to complete a new round of financing in the coming weeks, although the specific amount has not been disclosed.

Scroll: The first airdrop will open for claims on October 22 at 15:00, and the claim page is now online.
The Ethereum Layer 2 project Scroll introduced its first airdrop in an official blog post, distributing a total of 7% of the total supply of SCR. The snapshot was taken on October 19, 2024, at 08:00 UTC. Claims will start on October 22, 2024, at 15:00 Beijing time and will be open for 90 days, with the claim page already online. The main contributor categories for the first airdrop include: community airdrop (55 million SCR, accounting for 5.5% of the total supply), ecosystem projects (6.68 million SCR), industry contributors, and the global community.

MetaMask integrates with Space ID to simplify crypto transactions and wallet access.
According to The Block, MetaMask and Space ID announced an integration aimed at simplifying the sending of digital assets and accessing crypto wallets. According to the statement, this new integration will allow users to replace all public wallet addresses with a secure and customizable handle when transacting on MetaMask. This means that Space ID users can simply enter a username to send cryptocurrency without facing a confusing mix of 42-character alphanumeric strings, which, if mistaken, can result in total loss of funds.
MetaMask product manager Christian Montoya stated that the integration with Space ID will enable "MetaMask users to more easily and securely send and receive cryptocurrency across any EVM-compatible chain." Space ID noted that users will now be able to "organize and store handles for multiple chains within a single wallet."

VanEck's European Solana ETN has now launched staking functionality.
According to an official announcement, asset management company VanEck has launched staking functionality for its Solana exchange-traded note (ETN) introduced in Europe. The staking method adopted by VanEck is completely non-custodial, meaning that the custodian of the ETN assets always fully controls the staked assets without involving lending risks. Investors in the Solana ETN do not need to take any action; if rewards are distributed, they will be credited to the ETN's token rights. Regardless of whether the custodian purchased the ETN last year or last week, the total staking rewards obtained during the last time period will be equally distributed (after deducting a 25% staking fee). VanEck has instructed the custodian to stake the physical SOL held by the ETN with validators. The validator nodes are owned and maintained by staking service providers, but the staked SOL is always controlled by the custodian.

Ripple founder has donated over 11.80 million USD to Harris's campaign team.
According to CNBC, latest election data shows that with two weeks to go until the US election, Ripple co-founder and chairman Chris Larsen donated nearly 9.90 million USD to Future Forward in September, in addition to donating over 800,000 USD to the Harris Victory Fund. Including the 1 million USD worth of XRP tokens donated by Larsen in August, he has donated over 11.80 million USD to the PAC supporting Harris's campaign, making him one of the largest individual donors from the crypto industry in this round.
Larsen has supported bipartisan candidates over the past few years and stated in an interview that his level of trust in Harris comes from conversations with insiders in the campaign team and his observations of the Vice President since Harris replaced President Biden as a candidate in July.

Tether-backed Northern Data plans to sell its cryptocurrency mining division Peak Mining.
According to Bloomberg, Northern Data AG is considering selling its cryptocurrency mining business to raise funds for expanding its artificial intelligence operations. The company's main shareholder is Tether Holdings Ltd., which stated in a statement on Monday that it will use the proceeds from the sale of Peak Mining to focus on its artificial intelligence solutions department. Whether the business unit can be successfully divested depends on the "current dynamic market environment" of cryptocurrency.
Northern Data AG will use the proceeds from the sale to support its artificial intelligence solutions business, which includes its generative AI cloud platform that helps businesses launch their own AI applications. The company will also invest in purchasing and developing more data centers, as well as acquiring additional hardware. According to data compiled by Bloomberg, as of February, Tether holds approximately 46% of Northern Data AG.

BlackRock's Bitcoin spot ETF assets under management have ranked among the top 2 of all ETFs.
Bloomberg senior ETF analyst Eric Balchunas posted on social media: "BlackRock's Bitcoin spot ETF IBIT performed exceptionally well last week, with new inflows of 1.1 billion USD, marking the best single-week performance since March and surpassing VTI, ranking third on the annual inflow leaderboard (this is simply incredible for newly launched products later this year, especially since other products in the top five have been around for over 20 years and each has assets exceeding 300 billion USD).The managed assets of IBIT amount to $26 billion, ranking in the top 2% of all ETFs.
Bitcoin's hash rate hits a historical high, with listed mining companies reaching peak network share.
According to Coindesk, the seven-day moving average of Bitcoin's hash rate has reached a historical high of 703 EH/s (currently at 725.20 EH/s, peaking at 791.62 EH/s), marking the first time the network's hash rate has surpassed 700 EH/s. Since the halving event in April, Bitcoin's hash rate has grown by nearly 13%.
The Pump.fun fee account sold 40,000 SOL again 5 hours ago, worth approximately $6.68 million.
According to Lookonchain monitoring, the Pump.fun fee account sold 40,000 $SOL again 5 hours ago for approximately $6.68 million. To date, Pump.fun has generated a total income of 969,945 $SOL (approximately $162 million), of which 503,343 $SOL (approximately $78.70 million) have been sold at an average price of $156.4.
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