BitGo launches a research and innovation division to explore the next breakthrough application in the crypto space.

Standard Chartered Bank has signed a definitive agreement to acquire 100% of the equity in crypto custody provider Zodia Custody, with the transaction still pending regulatory approval. Per the arrangement, Standard Chartered will integrate Zodia’s custody business, while its software operations will be transferred to an independent entity under SC Ventures.

Beating AI News Flash: OpenAI and Google have struck an AI distribution deal. In the coming weeks, OpenAI will supply Google Cloud with cutting-edge AI models including GPT-6 Astra and Codex. Enterprise customers can purchase these via Google Cloud Marketplace, with related expenses eligible to count towards their existing cloud service consumption commitments. The move follows OpenAI’s expansion of distribution to AWS after its exclusive distribution arrangement with Microsoft concluded.

Dogecoin Labs, established with the support of the Dogecoin Foundation, has integrated MyDoge wallet, DogeOS application platform, and Such App payment product into a single independent organization, with Jordan Jefferson serving as CEO. The new entity will focus on consumer applications, payments, commerce, DeFi, and gaming, while the Dogecoin Foundation remains responsible for ecosystem maintenance and open-source development. Per the announcement, MyDoge boasts over 500,000 users, and DogeOS’ EVM-compatible public testnet went live on September 30. Developed by House of Doge and Brag House, Such App offers merchant tools including invoicing and offline QR code payments. The integration comes amid Dogecoin’s expansion into traditional finance failing to sustain investor demand. Bitwise announced in September plans to close its Dogecoin ETF, with CEO Hunter Horsley previously stating that the fund’s failure reflects the divergence between crypto ETF investors and crypto brokerage app users.

According to Bloomberg, Milan prosecutors said Italian authorities are carrying out arrest operations against 30 individuals suspected of running a mafia-linked underground banking network. The network is alleged to have transferred around €68 million overseas and laundered illegal funds using cryptocurrency. The operation extends to Spain, where local police are executing a European arrest warrant, while Swiss authorities are seeking to apprehend another suspect. Prosecutors stated the network was based at a car rental company near Milan, issuing fake service invoices via shell companies to help businesses in sectors like construction and logistics reduce their taxable income. After the companies made payments via bank transfers, the network deducted commissions and returned funds in cash. Funds in the shell company accounts were transferred to banks in Luxembourg, Lithuania and Germany, then moved through crypto exchanges to digital wallets allegedly controlled by the organization. Investigators identified over €110 million in fake invoices, and found the network also processed proceeds from drug trafficking and funds defrauded from victims of online crypto investment scams.

According to an official announcement, Bithumb will list the AT/KRW trading pair.

According to monitoring by Onchain Lens, Fasnara Capital’s total position size on Hyperliquid is approximately $222 million, of which 86.3% are short positions valued at around $192 million. The account currently has an overall unrealized loss of about $5.63 million. Its main positions include: BTC short positions worth $51.53 million, with an unrealized loss of $774,500; ETH short positions valued at $51.15 million, with an unrealized gain of $1 million; ZEC short positions worth $26.33 million, with an unrealized loss of $1.39 million; and SKHY long positions worth $21.68 million, with an unrealized loss of $2.64 million. The account has generated a profit of $10.08 million over the past 30 days, with a cumulative historical profit of approximately $122 million.