{"id":13168,"date":"2025-10-12T14:01:10","date_gmt":"2025-10-12T14:01:10","guid":{"rendered":"https:\/\/bitunikey.com\/news\/binance-compensates-users-polymarket-plans-token-launch-morgan-stanley-opens-crypto-access-weekly-recap\/"},"modified":"2025-10-12T14:01:12","modified_gmt":"2025-10-12T14:01:12","slug":"binance-compensates-users-polymarket-plans-token-launch-morgan-stanley-opens-crypto-access-weekly-recap","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/binance-compensates-users-polymarket-plans-token-launch-morgan-stanley-opens-crypto-access-weekly-recap\/","title":{"rendered":"Binance compensates users, Polymarket plans token launch, Morgan Stanley opens crypto access | Weekly Recap"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">In this week\u2019s edition of the weekly recap, crypto exchanges faced challenges following performance degradation during severe market volatility that sent Bitcoin to $104,000. <\/p>\n<p class=\"is-style-default\">Meanwhile, Polymarket prepared for token introduction following its $9 billion valuation and prediction market Kalshi secured $300 million at a $5 billion valuation.<\/p>\n<div id=\"cn-block-summary-block_ecc4364e185c003a43c9d74473afece2\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Binance to compensate users after outages during Bitcoin\u2019s $124K to $104K crash.<\/li>\n<li>Polymarket eyes token launch post $9B valuation; Kalshi secures $300M funding.<\/li>\n<li>MAS delays crypto rules; Bybit wins UAE license; NK theft hits $2B in 2025.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h3 class=\"wp-block-heading\">Binance addresses platform performance failures<\/h3>\n<ul class=\"wp-block-list\">\n<li>Co-founder Yi He <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/heyibinance\/status\/1976976922283221445\" target=\"_blank\" rel=\"nofollow\">issued<\/a> a public apology on Saturday following the system degradation that occurred on Friday night, which affected users during extreme market turbulence.<\/li>\n<li>The exchange committed to compensating affected users after technical issues arose during Bitcoin\u2019s (BTC) dramatic drop from $124,000 to $104,000 and Ethereum\u2019s (ETH) drop from $4,300 to $3,460.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Polymarket preps native token introduction<\/h3>\n<ul class=\"wp-block-list\">\n<li>The prediction market platform plans to launch its cryptocurrency token in 2026.<\/li>\n<li>Polymarket also received a $2 billion investment from Intercontinental Exchange, valuing the company at $9 billion.<\/li>\n<li>This development follows the platform\u2019s anticipated return to the U.S. market after effectively being banned by the CFTC in 2022.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Singapore delays crypto prudential standards<\/h3>\n<ul class=\"wp-block-list\">\n<li>The Monetary Authority of Singapore postponed implementation of new cryptocurrency asset treatment rules for banks until 2027.<\/li>\n<li>The delay responds to industry feedback regarding timing concerns and questions about the classification of blockchain assets under banking regulations.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Kalshi secures major funding round<\/h3>\n<ul class=\"wp-block-list\">\n<li>The prediction market platform raised $300 million from investors including Sequoia, Andreessen Horowitz, and Paradigm, establishing a $5 billion valuation according to CEO Tarek Mansour.<\/li>\n<li>The capital will fund expansion into 140 additional countries beyond the company\u2019s current U.S.-only operations.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Morgan Stanley eliminates crypto access barriers<\/h3>\n<ul class=\"wp-block-list\">\n<li>The financial services firm will open access to cryptocurrency funds across all client accounts starting October 15.<\/li>\n<li>Prior requirements limited crypto investments to clients with at least $1.5 million in assets, aggressive risk profiles, and taxable brokerage accounts, explicitly excluding retirement plans.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Acquisition interest surrounds stablecoin startup<\/h3>\n<ul class=\"wp-block-list\">\n<li>Coinbase and Mastercard have separately pursued the acquisition of London-based BVNK, with projected sale prices ranging from $1.5 billion to $2.5 billion.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Roger Ver reaches tentative agreement with DOJ<\/h3>\n<ul class=\"wp-block-list\">\n<li>The early Bitcoin investor known as \u201cBitcoin Jesus\u201d has reached a preliminary settlement with the U.S. Justice Department regarding criminal tax charges filed in April 2024.<\/li>\n<li>The original charges included mail fraud, tax evasion, and filing false returns related to allegedly concealing Bitcoin ownership from the IRS, resulting in purported $48 million in losses.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Bybit obtains UAE regulatory approval<\/h3>\n<ul class=\"wp-block-list\">\n<li>The world\u2019s second-largest cryptocurrency exchange by trading volume secured a Virtual Asset Platform Operator License from the Securities and Commodities Authority of the United Arab Emirates.<\/li>\n<li>Bybit claims to be the first exchange to receive this full license from the SCA, establishing regulated operations in a significant Middle Eastern financial hub.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Ethereum Foundation formalizes privacy focus<\/h3>\n<ul class=\"wp-block-list\">\n<li>The organization is elevating privacy research to a formal pillar of its roadmap and expanding efforts into a dedicated cluster that encompasses private payments, proofs, identity, and enterprise applications.<\/li>\n<li>This builds upon work conducted since 2018 through the Privacy and Scaling Explorations team, including projects like Semaphore, MACI, zkEmail, and Anon Aadhaar.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">YZi Labs establishes billion-dollar development fund<\/h3>\n<ul class=\"wp-block-list\">\n<li>The firm formerly known as Binance Labs announced a $1 billion Builder Fund to support founders and developers within the BNB Chain ecosystem.<\/li>\n<li>The initiative combines capital with tools, integrations, and access to a claimed 460 million user ecosystem.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">North Korean crypto theft reaches record levels<\/h3>\n<ul class=\"wp-block-list\">\n<li>Blockchain forensics firm Elliptic <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.elliptic.co\/blog\/north-korea-linked-hackers-have-already-stolen-over-2-billion-in-2025\" target=\"_blank\" rel=\"nofollow\">reports<\/a> North Korea-linked hacking groups have stolen over $2 billion in cryptocurrency assets year-to-date.<\/li>\n<li>With three months remaining in 2025, the figure indicates Pyongyang\u2019s growing reliance on cyber-enabled theft for funding its weapons program.<\/li>\n<li>United Nations and intelligence agencies confirm these proceeds directly finance North Korea\u2019s nuclear and ballistic missile development efforts.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">India advances central bank digital currency<\/h3>\n<ul class=\"wp-block-list\">\n<li>Union Minister Piyush Goyal announced Monday the government\u2019s plans to expand its CBDC while maintaining its discouragement of private cryptocurrencies.<\/li>\n<li>The Reserve Bank of India\u2019s digital rupee, piloted since late 2022, aims to simplify transactions, reduce paper consumption, and allow faster, more traceable payments than traditional banking systems.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In this week\u2019s edition of the weekly recap, crypto exchanges faced challenges following performance degradation during severe market volatility that sent Bitcoin to $104,000. 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