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In brief The High Court in London ruled that Chinese law applies to victims’ claims on 61,000 BTC seized in the case of fraudster Zhimin Qian. English law had been seen as more favorable to the victims, who must show they own a share of the Bitcoin to succeed. Lawyers for the victims plan to appeal, while the content of Chinese law and how it applies to the claims will be decided later. The UK government’s chances of keeping a 61,000 BTC haul seized from convicted fraudster Zhimin Qian have improved after the High Court in London ruled on Monday…

Sky.money reported more than $4.4 billion of stablecoin liquidity in its Peg Stability Module in an Oct. 9 explanation of the conversion mechanism. The PSM gives holders a direct route between USDS, Sky Protocol’s dollar-linked token, and USDC at a one-for-one rate.Those measures answer different questions. Token circulation describes the stock of holdings. Conversion inventory describes what a holder can receive on a particular exit route. Fresh external dollar demand concerns money entering from outside the token system. Borrowing against collateral and upgrading an existing token can change individual token counts without establishing a matching inflow of bank dollars. A…

In brief Ledger said its Donjon security team found an unauthorized hardware implant in a wallet sold by Southeast Asian reseller CryptoBilis. The implant reads the 24-word recovery phrase from the device’s screen during setup and transmits it over LTE using a provisioned eSIM. Ledger has not confirmed how many users were affected or how much was lost, and is reviewing reports of implants in other devices and locations. Ledger said its security research team has found an unauthorized hardware implant that captured recovery phrases inside wallets sold by Southeast Asian reseller CryptoBilis, in a tweet on Tuesday.The Paris-based hardware…

In brief Blur will deprecate the frontend of its NFT marketplace at blur.io on November 12, though the marketplace protocol will remain operational on-chain. Its NFT lending platform Blend will stop matching new loans the same day, and borrowers must repay or let their loans default before then. Statista projects global NFT market revenue of $318.3 million in 2026, well below its 2021 and 2022 peaks. Ethereum NFT marketplace Blur will shut down its website on November 12, the company said.The deprecation applies only to the blur.io frontend. The Blur marketplace protocol will remain operational on-chain, and holders of the…

In brief REA, an open-source toolkit that connects AI coding agents to reverse-engineering tools like Ghidra, went from under 10,000 GitHub stars on October 6 to more than 100,000 by October 12. Claude Opus 5.5 has fueled a wave of AI-decompiled game mashups and ports, from Spider-Man swinging through Arkham City to an unofficial PC port of Fable 2. Developer Brandon Thomas released ArtCraft, free Rust-built Adobe alternatives made with Claude, but calls it a clean-room rebuild that never touches Adobe’s code. Would you like to kill a boss in Skyrim using an AK47 from Counter Strike? Give your NPCs…

In brief Meta released Muse Wonder and Muse Wonder Full on Monday, the first frontier-class models from Meta Superintelligence Labs, with a 1 million token context window. On Meta’s own charts, Wonder Full leads GPT-6 Astra and Claude Opus 5.5 on long-horizon coding, legal agent work and memory, but Artificial Analysis ranks Opus 5.5 first at 58 versus Wonder Full’s 56. The API version, Muse Wonder, costs $4 per million input tokens and $20 per million output tokens, the same as Opus 5.5 and below GPT-6 Astra’s $10 and $50. Meta released Muse Wonder and Muse Wonder Full on Monday,…

In brief Standard Chartered’s Dubai International Financial Centre branch now offers institutional custody for Ripple’s RLUSD stablecoin issued on the XRP Ledger. A planned integration with LMAX Group would let clients use RLUSD as trading collateral through collateral mirroring, meaning the tokens stay at the bank while LMAX credits their value. RLUSD has grown to roughly $2.45 billion in market cap, still under 1% of a stablecoin market worth about $306 billion. Standard Chartered will now hold Ripple’s dollar-pegged stablecoin for institutional clients in Dubai, and it wants to let them trade with those tokens without ever handing them over…