Blockaid: Binance hackers stole ~$2.5B, or 40% of the $6.3B haul, in a single Ethereum transaction using wallet permissions that cost just $15 to set up (@sidcoins / Bloomberg)

(Visit Techmeme dot com for the link and full context!)

Paraguay’s decision to shut down a digital bank used by nearly a third of its population has left people struggling to figure out how to pay for everything from rent and groceries to bus rides. bloomberg.com/news/articles/…

It is striking how normal and traditional-finance-y the response to the Binance hack was. (via @opinion) bloomberg.com/opinion/newsle…

The $6.3 billion theft from Binance didn’t just trigger sharp volatility. It also created a brief window for well-positioned traders to profit from the attackers’ rush to convert stolen funds.

Read more: bloomberg.com/news/articles/…

Jio Platforms lists in India today, but pre-IPO perpetual futures on global crypto exchanges are already trying to price the debut.

JIO-USDC perps on Bitget and Hyperliquid are trading at only about a 3.4% premium to the IPO’s upper price band, a sharp contrast with India’s grey signalling a listing gain of more than 20%.

Liquidity remains relatively thin, with roughly $2 million in combined 24-hour trading volume across the two venues and about $5 million in open interest.

So this is hardly a busy market yet. But Jio’s listing today offers an interesting test of how effective crypto’s pre-IPO perps are at price discovery and whether they ultimately prove more or less informative than India’s traditional grey market.

Celebrations have erupted in the streets of Serbia's capital Belgrade, after long-standing leader Aleksandar Vučić admitted defeat to a student-led protest movement in snap parliamentary elections. Read more: bbc.in/4BwV5ga

We are preparing representations to @GoI_MeitY, @IndianCERT and @ccaindiapki on the compromise of the private keys of eight eMudhra (emSign) intermediate certification authority certificates. Given the scale of the issue, Cabinet Minister @AshwiniVaishnaw must issue a public statement and outline the steps being taken to address it.

皆様に、今夜に対応して頂きたい大至急のお願いです。
 
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国家サイバー統括室(注意・警戒情報)（@cyber_forecast） / X

Jio Platforms record-breaking upcoming initial public offering is already trading on crypto rails, giving investors a round-the-clock venue to bet on the company’s valuation even before its shares hit local Indian exchanges.
bloomberg.com/news/articles/…

Hope I die before I get to 7% 10-year yields

Like The Who’s now-embarrassing challenge to old age, John Authers writes that the tipping point for 10-year yields can change bloomberg.com/opinion/newsle…

UPI MDR on Select Merchant Transactions Shall be Implemented Post Diwali

Press Release Link: npci.org.in/uploads/UPI_MD…

As cryptocurrency platforms push into stock trading, a brokerage technology startup is preparing to enter a Wall Street business long dominated by major banks: financing trades for hedge funds and other large investment firms.

bloomberg.com/news/articles/…

RT @priteshlakhani: After thoughtful consideration we have decided to disable UPI going forward from 10th Oct.

Nestle's low-fat dairy whitener sample found 'unsafe' in India, says regulator reuters.com/world/india/ne…

*US 10-YEAR YIELD RISES TO 5.33%, HIGHEST SINCE 2002

*UK 30-YEAR BOND YIELD CLIMBS TO 6% FOR FIRST TIME SINCE 1998

Traders are piling into leveraged bets on PB Fintech (PolicyBazaar) via MTF as the stock continues its fall.

Deep-value bet or catching a falling knife?

Another day, another hack.

Crypto exchange Bitget said it detected unauthorized transfers from some of its hot- and warm-wallet infrastructure and activated emergency response protocols bloomberg.com/news/articles/…

The day is yet to end, but PB Fintech (PolicyBazaar) is down 26%, on track for its biggest single-day fall on record.