Plus: Datavault AI Shares Plunge on Stuck Bitcoin, Bitcoin Climbs Ahead of Fed Decision
Good Morning Lions,
A US-regulated exchange group planning perps on Hyperliquid rails tells me onchain market structure is now worth building on, even with HIP-3 still on testnet. Then there's Datavault, where a public company's Bitcoin sat stuck on an exchange for months and shareholders learned it from a filing. Self-custody wins arguments on days like this. If regulators stall the Payward plan, US traders keep waiting on those rails, frens.
Payward Plans Regulated Perpetuals on Hyperliquid
TL;DR: Payward, the parent company of Kraken, plans to launch a regulated U.S. perpetuals market built on Hyperliquid's HIP-3 infrastructure, Crypto Briefing reported. The plan still needs regulatory review, and HIP-3 itself remains in testnet.
Datavault AI Shares Plunge on Stuck Bitcoin
TL;DR: Nasdaq-listed Datavault AI (DVLT) closed down 49.55% on Oct. 27, U.Today reported. The drop followed an SEC filing disclosing that the company has not withdrawn its Bitcoin from the Biconomy exchange for about four months.
Bitcoin Climbs Ahead of Fed Decision
TL;DR: Bitcoin rose nearly 2% to just under $81,000 during Wednesday's Asian trading hours, per CoinDesk data, as traders positioned for the Federal Reserve's rate decision. Zcash's ZEC led the major tokens with an 8% gain.
Coinbase Flags Amplitude Vendor Data Exposure
TL;DR: Coinbase said a security incident at analytics vendor Amplitude exposed contact information belonging to some of its customers. The exchange denied that its own systems were breached and said customer funds were not affected.
Ark Invest Adds Circle Shares
TL;DR: Cathie Wood's Ark Invest bought 35,403 Circle shares worth $2.9 million through its ARKW fund, Crypto Briefing reported. The purchase adds to a position in the USDC issuer that Ark has built since Circle's June 2025 listing.
Jack Dorsey Questions Bitcoin as Digital Gold
TL;DR: Block Inc. CEO Jack Dorsey said Bitcoin would miss its point if it served only as digital gold instead of everyday money, according to Crypto Briefing. The remarks circulated between October 17 and 19, 2026.
Ethereum Foundation Seeks App Developer Feedback
TL;DR: The Ethereum Foundation's App Enablement team has been asking protocol teams for feedback on EIPs and Layer 1 constraints, Crypto Briefing reported. The outreach runs alongside work on the Hegotá upgrade, which is expected in 2027 and has a tier list ranking 62 EIPs.
Datavault's filing still leaves its Bitcoin sitting on Biconomy. Until that withdrawal clears, every DVLT holder carries exchange risk on top of Bitcoin risk, and the Fed decision lands before any fix does. 🦁 — Khal
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More crypto news, daily, at news.leodex.io. The Daily LEO · Written by the LEO Team, Edited by Khal.
