Hey crypto addicts,


US Commodity Futures Trading Commission (CFTC) Chairman Michael Selig is signaling a more structured approach to crypto regulation, pledging to help reshape the rules governing onchain finance. Speaking at Chainlink's LINK: NYC event, Selig expressed support for companies building blockchain-based financial markets and emphasized the agency's willingness to work toward clearer regulatory standards.

The CFTC is exploring a voluntary registration pathway for crypto exchanges, particularly platforms offering leveraged, margined, or financed retail trading. The proposed framework would introduce safeguards covering customer funds, token listings, conflicts of interest, and proof of reserves.

Selig's latest remarks reflect a broader shift toward establishing clearer rules rather than relying solely on enforcement actions. Cooperation between the CFTC and the Securities and Exchange Commission (SEC) could also help reduce regulatory uncertainty for crypto businesses operating in the US. Here’s what you need to know from today’s crypto market.☕

What we’ve covered for you today:

Prediction market platform Polymarket has temporarily restricted trading after users reported unauthorized withdrawals and drained accounts, raising fresh concerns about security across the crypto industry. The incident on October 29 forced the platform to switch to cancel-only mode and pause relayer activity while investigating the reports. Blockchain data suggested that approximately $2.7 million in assets had been stolen, although the exact number of affected users was not initially confirmed.

Polymarket later identified a compromised third-party provider as the source of the security issue, rather than a breach of its core infrastructure. The company said it had fixed the problem, referred the incident to law enforcement, and promised to fully reimburse affected traders. Trading on its international platform subsequently resumed after the temporary suspension.

The incident marks another security setback for Polymarket, following a similar third-party breach in June that resulted in nearly $3 million in losses. Repeated attacks involving external providers highlight how vulnerabilities beyond a platform's core systems can still expose users to significant financial risks. Here’s what you need to know from today’s crypto market.☕

Blast's planned shutdown has taken an unexpected turn after crypto trading platform Frontrun.pro submitted a $50,000 proposal to initiate an acquisition of the Layer 2 network. The offer comes shortly after Blast announced plans to wind down operations, citing operating costs that exceeded the revenue generated by its ecosystem. Frontrun claims it has a team and potential investors ready to take over and revive the project.

However, the proposal remains at an early stage, with no confirmed purchase price, disclosed investors, or detailed recovery strategy. While the offer could give Blast another chance to remain operational, questions remain about whether Frontrun can secure the necessary funding and deliver a sustainable turnaround.

The situation highlights the challenges facing Layer 2 networks as competition intensifies and maintaining an ecosystem becomes increasingly expensive. Blast's next move could determine whether the project gets a second chance or becomes another example of the difficulties facing struggling crypto ventures. Here’s what you need to know from today’s crypto market.☕

Ondo Finance is pushing back against reports that the tokenization company was offered to potential buyers following the death of its founder, Nathan Allman, in May 2026. The company called the claims “wholly untrue,” denying that it had sought buyers or authorized anyone to pursue a sale. The controversy adds another layer of uncertainty to a company operating in the rapidly expanding real-world asset (RWA) tokenization sector.

The reported sale discussions emerged as Ondo faces a legal dispute over corporate control following Allman’s death at age 32. His estate and the company’s leadership have clashed over board authority and CEO Ian De Bode’s position, with court proceedings still ongoing. Although the reported buyer outreach remains unverified, the dispute raises questions about governance and leadership continuity at a time when institutional interest in tokenized assets continues to grow.

Despite the uncertainty, Ondo continues developing its tokenization products and expanding institutional access to blockchain-based financial markets. The outcome of the legal battle could influence how the company manages its leadership transition and future growth plans. Here’s what you need to know from today’s crypto market.☕

A shopper types “running shos” and gets nothing back. Another types “red waterprof trail runners under $150” and hits the same wall. Both knew what they wanted.

Traditional site search relies on exact keyword matching, leaving shoppers stranded at “0 results found” screens.

Gladly understands what shoppers mean, typos and all. Instead of a dead end, they get products that fit what they asked for and a conversation that keeps them shopping.

See how Gladly turns dead-end searches into sales

Turn Dead Ends Into Sales

Publicly traded companies are gaining a larger share of the blockchain industry, with their contribution to total revenue more than doubling from 7% in 2022 to 16% in 2026, according to a report by crypto investment firm 1kx. Major players such as Coinbase, Circle, BlackRock, and JPMorgan are expanding their presence as traditional finance becomes increasingly involved in digital assets.

Prediction market platform Polymarket temporarily suspended trading on its international platform after a security incident involving a compromised third-party provider led to reports of unauthorized withdrawals and drained user accounts. Several traders claimed significant losses, with blockchain analytics suggesting approximately $2.7 million in stolen funds, although the exact amount and number of affected

Hyperliquid's native HYPE token surged nearly 20% after Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, announced plans to bring regulated perpetual futures markets to US traders through a partnership with Trade[XYZ]. The proposed markets would cover cryptocurrencies, stocks, indexes, commodities, and foreign exchange, subject to regulatory approval.

👇 All completely free, one click to subscribe.