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Joseph Rees

Coinbase, Bitgo Say Unaffected by PHP Flaw; Binance’s CZ Urges Caution

Key Takeaways Coinbase and Bitgo reported no exposure to the PHP flaws, Binance “implemented proactive safeguards,” while some other crypto platforms said they do not use PHP. Cloudflare recorded millions of PHP flaw exploitation attempts, while Amazon detected an attempt dating to Oct. 17. Weak eMudhra certificates pose additional risks, prompting Lightning Labs to urge…

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Bitunix Increases Its Care Fund to $50 Million, Further Strengthening User Protection

Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Cryptocurrency exchange Bitunix has increased its Care Fund from $30 million to $50 million USDC, expanding the reserve available to support users in exceptional situations. The company has also identified the fund’s new on-chain address,…

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Aerodrome and Velodrome Unite to Chase $120B in Trading Volume

Key Takeaways Aerodrome and Velodrome combine into Aero, targeting seven blockchain networks. The predecessors distributed $578 million to tokenholders, while Aero promises 100% revenue sharing. Predictive Allocation rewards stakers for directing incentives toward potentially profitable trading markets. Two Exchanges Become One Trading Powerhouse Aerodrome controlled 58% of DEX trading on Base during the third quarter…

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Suspended DICT Usec Almirol Denies ₱1.55B Conflict of Interest Allegations

Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Suspended Department of Information and Communications Technology (DICT) Undersecretary David Almirol Jr. on Thursday denied allegations of a conflict of interest in 1.55 billion pesos worth of government contracts, maintaining that he fully divested from…

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Up to 10% of Overseas Filipino Remittances Are Now Settled via Stablecoins, Chainalysis Report Reveals

Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. While global headlines focus on bitcoin prices and institutional trading desks, millions of Filipinos are using cryptocurrency for a much simpler, everyday purpose: sending money back home to their families. According to the 2026 Geography…

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Uphold Lists Evernorth’s XRPN Stock, Expanding XRP Treasury Access

Key Takeaways Eligible U.S. users can trade XRPN through Uphold’s equities service. Fractional investments on the platform start at $5. Evernorth raised approximately $300 million in gross cash proceeds. Uphold Opens Access to Evernorth’s XRP Treasury Stock Eligible U.S. investors can now trade Evernorth Holdings Inc. (Nasdaq: XRPN) through Uphold following an Oct. 20 listing…

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Cathie Wood’s ARK Sees Tesla at $4,400 With $225B AI Spending Forecast

Key Takeaways ARK expects robotaxis to contribute 80% of Tesla’s enterprise value in 2031. Its $4,400 target is about 1,039% above the Oct. 21 close. The model incorporates share dilution from Musk’s stock-based compensation. AI Spending Assumptions Support the $4,400 Tesla Forecast Cumulative AI infrastructure spending at Tesla would rise from approximately $7 billion at…

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