Oct 2, 2026 · 6 min listen · Last updated October 2, 2026
From storyflo. This is your daily audio brief. It's Dex, October 2nd. On-chain and off — the five stories setting today's crypto agenda. Let's get into it. First, from CoinTelegraph. South Korea crypto exchange profits fall 78% in H1 amid trading slump.
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Daily Crypto Brief · October 2nd
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South Korea crypto exchange profits fall 78% in H1 amid trading slump
South Korean crypto exchange operating profits fell 78% in the first half of 2026 as trading volumes, market capitalization and customer deposits declined. South Korean crypto exchanges saw operating profits fall 78% in the first half of 2026 as trading activity, market valuations and customer deposits declined, according to new government data. On Thursday, the Korea Financial Intelligence Unit (KoFIU) said average daily trading volume at domestic virtual asset exchanges fell 44% from the previous six months, while market capitalization dropped 33% and won-denominated deposits fell 35%.
NEAR Protocol weighs proposal to cut token issuance to 1.6% over two years
Reducing NEAR's token issuance could stabilize its value but may lower staking appeal, impacting network competitiveness and treasury funding. The post NEAR Protocol weighs proposal to cut token issuance to 1.6% over two years appeared first on Crypto Briefing.
Frank Cappelleri Explains 3 Reasons Bitcoin Is Primed for a Bigger Bullish Move
Analyst Frank Cappelleri says Bitcoin (BTC) could still be early in a bigger bullish move. He points to a roughly 20% August gain and two other signals. Bitcoin has already rallied from its summer lows, which raises the question of how much upside is left. Cappelleri, founder and president of chart research firm CappThesis, says recent price behavior differs from earlier failed bounces. Why Did Earlier Breakouts Fail to Spark a Bullish Move? His first reason concerns breakouts, which occur when price pushes above a level it struggled to clear. Writing for CNBC Pro on Oct.
PropAMMs lower Solana trade costs, and public pool returns crash
A trader can get a better Solana (SOL) swap price while a passive pool depositor remains exposed to traders picking off stale quotes, and a Sept. 29 preprint measures that divide. For quiet-market SOL/USDC fills, propAMMs, pools controlled by professional operators, had a reference-relative execution cost proxy of 0.26 basis points versus 2.59 for public automated market makers (AMMs). The study covers Sept. 1, 2025, through Aug. 31, 2026, with shorter Base and Monad samples.
Electrum patches Lightning flaw, but old Bitcoin backups break
Electrum’s latest security update fixes a Lightning backup defect, but some Bitcoin wallet users still need to replace saved backups. Older backups from wallets with non-deterministic Lightning keys lack information needed to reclaim funds from anchor channels, a Lightning channel type, after a remote close. Version 4.8.2, dated Sept. 11, remains the latest release listed on Electrum’s official website as of Oct. 1. The individual-backup fix adds payment-key information needed to claim the user’s balance from an anchor channel closed by the peer.
Core Lightning warns attackers are targeting unpatched Bitcoin nodes
On Sept. 16, Core Lightning said it was investigating reports of a potential issue affecting experimental features in Core Lightning that could impact user funds. It then released version 26.06.8 around six days later. The Sept. 22 update delivered bug fixes alongside patches for “vulnerabilities responsibly reported by a number of sources.” The release notes credit the Bitcoin Red Team and 12 other named individuals and groups, along with anonymous reporters.
Zano exploiter created 36.9M unauthorized ZANO before blockchain rollback
The unauthorized coins were indistinguishable from legitimate ZANO, leaving the team unable to remove them without rolling back the blockchain. Zano revealed that the attacker who exploited its Gateway Address vulnerability over the last month used it to create 36.9 million Zano (ZANO), along with Freedom Dollar (fUSD) tokens, before the decision was made to roll the blockchain back by a month. In a post-mortem published Thursday, Zano said the attacker first exploited the vulnerability on Aug. 29, creating approximately 18.4 million ZANO in a single transaction.
Crypto shorts lose $110 million in a 10-minute liquidation burst
The rapid liquidation highlights the inherent volatility in crypto markets, potentially deterring risk-averse investors and amplifying market swings. The post Crypto shorts lose $110 million in a 10-minute liquidation burst appeared first on Crypto Briefing.
Congress weighs letting banks hold crypto, issue stablecoins
The proposal could accelerate institutional crypto adoption, potentially stabilizing digital asset markets and influencing Bitcoin's valuation. The post Congress weighs letting banks hold crypto, issue stablecoins appeared first on Crypto Briefing.
Report: Binance Under EU Review Over Continued Operations After MiCA Miss
Binance is under scrutiny from EU regulators for continuing operations without a MiCA license, specifically regarding its use of a legal exemption to serve some customers. The European Securities and Markets Authority, along with regulators from France, Germany, and Greece, are questioning whether Binance qualifies for the “reverse solicitation” exemption. If they reject this interpretation, enforcement actions could follow.
After failing to secure a license this summer, Binance was expected to wind down its EU business. Interestingly, reports suggest that European Central Bank President Christine Lagarde intervened to block Binance's application in Greece, citing concerns over its past legal issues and the potential impact on the euro.
In a related move, ESMA is pushing for enhanced powers to enforce MiCA regulations, including the ability to freeze assets linked to criminal activity and remove scam-related websites. They’re also looking to tighten marketing rules and ensure transparency for customers. This push reflects ongoing concerns about inconsistent enforcement and potential regulatory gaps across the EU.
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