Today's news tips:
Binance: YB tokens will begin circulating at 18:00 on October 15th
Upbit to List YGG Token in Korean Won and USDT Markets
French banking giant ODDO BHF launches Euro stablecoin EUROD
Binance Alpha to List ZEROBASE (ZBT) Futures Contracts
Citigroup CEO says he supports tokenized deposits, stresses market focus on stablecoins
CoinDCX co-founder: Coinbase's investment values CoinDCX at $2.45 billion
Macro & Regulation
According to a joint announcement from the U.S. Attorney's Office for the Eastern District of New York and the National Security Division, the U.S. government has filed a civil forfeiture lawsuit for approximately 127,271 bitcoins (currently valued at approximately $15 billion) and confirmed that these funds are currently in U.S. custody. The announcement stated that these crypto assets were obtained through fraud and money laundering activities by the defendants and were originally held in non-custodial wallets controlled by them. The U.S. has now obtained the private keys and seized control of the funds. The Department of Justice stated that this is the largest crypto asset forfeiture in U.S. history. According to previous reports by the on-chain analysis firm Arkham, these bitcoins are highly correlated with assets suspected of being stolen from the LuBian mining pool in 2020.
The CCTV official account published an article exposing the details of the special case against the Weijia criminal group in Kokang, northern Myanmar. It revealed that the Weijia criminal group's Weisheng Park chose the electronic fraud industry with the help of some so-called "financial investment and financial management" technologies, and used the so-called "trust funds" or "blockchain projects" and other concepts as financial disguise to commit fraud.
It is reported that the police officers of the task force learned through inquiries that with the help of fraudulent technology, the profit from a single betting can reach over 100 million yuan, and "tens of millions is a small betting in Myanmar." Zhang Hanyi, deputy director of the Public Security Bureau of Quanzhou City, Fujian Province, said that the amount of fraud involved has been clarified to be nearly 6 billion yuan, and the turnover of opening casinos is about 10 billion yuan, and "what has been clarified now is only a part of it, and it is impossible to clarify all of it because of the objective conditions abroad."
Telegram founder Pavel Durov stated that the EU's "chat control" bill narrowly escaped passage, but was temporarily put on hold by Germany, with the next vote expected in December. France is reportedly pushing for apps to conduct client-side scanning of all private chats, with exemptions for communications with law enforcement and officials. Germany, Poland, Austria, the Netherlands, the Czech Republic, Finland, Luxembourg, and Belgium currently oppose the "chat control" bill, preventing it from reaching the threshold. French politicians including Bruno Retailleau and Laurent Nuñez support it.
Project News
Binance: YB tokens will begin circulating at 18:00 on October 15th
Binance announced on its X platform that the YB token will begin circulating at 18:00 (UTC+8) on October 15, 2025. Users who have received a Prime Sale Key will be able to view their balance and trade YB tokens in their Binance Alpha 2.0 accounts at that time.
Upbit to List YGG Token in Korean Won and USDT Markets
South Korean crypto exchange Upbit will list the YGG token in the Korean won and USDT markets.
French banking giant ODDO BHF enters crypto space with launch of Euro-backed stablecoin EUROD
According to CoinDesk, ODDO BHF, a 175-year-old French banking giant with over €150 billion (US$173 billion) in assets under management, is entering the cryptocurrency space with the launch of a euro-backed stablecoin called EUROD. The token will be listed on the Madrid-based cryptocurrency platform Bit2Me. EUROD is designed to be a compliant, low-volatility digital version of the euro. The companies stated that the token complies with the EU's new Markets in Crypto-Assets (MiCA) regulation and is targeted at both retail and institutional users.
Binance Alpha will list the WBAI token at 7 PM today, with an airdrop threshold of 220 points.
Binance Alpha will launch RECALL tokens at 8:00 PM today, with an airdrop threshold of 200 points.
Meteora will open its airdrop inquiry website on Thursday
ZEROBASE (ZBT) to be listed on Binance Alpha and futures contracts on October 17th
According to Binance’s announcement, ZEROBASE (ZBT) will open spot trading on Binance Alpha at 19:00 (Beijing time) on October 17, 2025, and the ZBTUSDT perpetual contract will be launched at 19:30, with a maximum leverage of 50x.
Spot gold breaks through $4,200, setting a new high
Yield Basis (YB) Now Available on Binance Alpha
The Binance APP page shows that Binance Alpha has launched Yield Basis (YB).
Viewpoints & Analysis
Chain sleuth ZachXBT posted on the X platform that documents released yesterday by the US government show that the wallet addresses listed in the $14 billion (127,000 BTC) seized by the US government were previously named in the MilkySad report about two years ago, with their private keys being vulnerable. The US government now claims to have custody of these wallet addresses. In response, Arkham analyst Emmett Gallic, after research, stated, "It appears increasingly likely that the US government orchestrated the theft of the LuBian mining pool. If true, the US government would be responsible for the largest financial hack in history." While there is no definitive evidence to confirm this, Gallic believes the future behavior of the "LuBian hacker" addresses marked on Arkham will be sufficient to provide a basis for this conclusion.
Citigroup CEO says he supports tokenized deposits, stresses market focus on stablecoins
According to CoinDesk, Citigroup CEO Jane Fraser explicitly stated that tokenized deposits, not stablecoins, will be the primary driver of the next generation of payments and financial market infrastructure. During the third-quarter earnings call with investors, she stated that institutional clients are seeking low-cost, compliant, and seamless real-time cross-border funds flows, and that tokenized deposits are the best way to achieve secure, reliable, multi-bank interoperable, and always-on payment solutions. Citi has invested heavily in digital asset infrastructure, and its tokenization services connect over 250 banks in over 40 markets, enabling instant transfers. However, Fraser noted that a barrier to adoption lies in the difficulty corporate treasuries face adapting to a 24/7 financial environment. Citi will continue to support stablecoins, but they come with compliance burdens like anti-money laundering and tax reporting, which tokenized deposits can mitigate. She also cautioned against excessive speculation about stablecoins, stating that most issues will be addressed through tokenized deposits. She noted that in the future, tokenized applications will extend beyond payments, with tokenization of all types of asset issuance and settlements. Furthermore, regulators are promoting responsible innovation, which Citi will incorporate into its toolkit.
CZ posted on the X platform that if project owners are dissatisfied with the "airdrop" or "listing fee" required by the exchange, they can choose not to pay; if the project is strong enough, exchanges will naturally compete to list its token.
SBF published a statement accusing the Biden administration of political persecution
The X account of FTX founder Sam Bankman-Fried (SBF) retweeted his post on GETTR: "In 2020, I held a center-left political stance. By 2022, after witnessing the Gensler/Biden administration's Department of Justice's actions against cryptocurrencies, I became a centrist and (privately) donated tens of millions of dollars to the Republican Party. A few weeks later, the Biden administration's anti-cryptocurrency SEC/Department of Justice took action against me. They arrested me a few weeks before the cryptocurrency bill I helped promote was about to be put to a vote, and the night before I was scheduled to testify in Congress. House Republicans pointed out that the arrest was intended to prevent SBF from testifying and demanded that Gensler hand over internal communications about the timing of the prosecution and arrest, which Gensler later lost." The above text was sent by a friend who had access to the SBF account.
Investment and Financing
Open source AI provider Inference has completed $11.8 million in seed funding, led by Multicoin Capital and a16z CSX, with participation from Topology Ventures, Founders, Inc., and angel investors.
The funding will be used to expand model and infrastructure performance research and development, and enhance its ability to provide customized AI model training and deployment services to enterprises. Inference.net currently provides customized language model training and deployment support to several AI-native companies.
Crypto-native tipping protocol Noice reveals investment from Coinbase Ventures and Network School
CoinDCX co-founder: Coinbase's investment values CoinDCX at $2.45 billion
Important data
CoinGlass data shows that centralized exchanges have experienced large-scale asset outflows in the past week, with Binance seeing the largest outflow, reaching $21.75 billion in seven days.
Solv Protocol deposits 500 BTC worth $56 million to Binance
Mining pool LuBian transferred all 9,757 BTC to a new wallet, worth $1.1 billion.
According to Lookonchain monitoring, a wallet (39DUz) of the mining pool LuBian has just been activated after being dormant for three years - all 9,757 BTC (worth $1.1 billion) have been transferred to the new wallet.
