The US Treasury Department Meets with Three Crypto Companies to Discuss Bitcoin Reserve Custody Solution

Crypto mining firm Bitdeer’s AI cloud division Bitdeer AI announced it has signed an 8-year data center service agreement with Malaysia’s Cyberjaya, adding 60MW of A103 AI cloud data center capacity. The expansion lifts Cyberjaya’s total capacity to 71.5MW, while pushing the company’s locked-in global AI cloud data center capacity across Malaysia, Norway and the U.S. to 333.5MW—reaching 95% of its 350MW target for Q1 2028. Bitdeer stated it will continue accelerating AI computing power deployment while balancing performance and cost to prepare for next-generation AI demands.

According to official announcements, Bybit co-founder and CEO Ben Zhou will deliver a global keynote speech titled "Make Your Move" at 15:00 Beijing time today, with only 10 minutes remaining until the start of the event. The speech will center on four core themes: financial evolution, new financial platforms, Bybit AI, and the exchange’s next-stage development roadmap. It will focus on exploring the integration of cryptocurrency and traditional financial markets, as well as Bybit’s strategies in product innovation, global expansion, security, and compliance. Official sources revealed that exclusive previews of upcoming products and future plans will be unveiled during the speech. Additionally, audiences can engage in interactive activities including live stream keyword giveaways, a keynote-linked Q&A session, and a best clip contest, with a total prize pool of up to 5,000 USDT. The Q&A session will close on October 15, while the best clip contest deadline is October 20.

Ledger’s security team has released the latest investigation progress into the hardware implant incident, confirming that unauthorized hardware implants were found in some Ledger hardware wallets sold by Southeast Asian dealer CryptoBilis. The implant, located inside the device casing, can read screen display content, intercept the 24-word mnemonic phrase during user initialization, and exfiltrate data via LTE network using a built-in microcontroller paired with an eSIM. This component operates independently, does not modify the Secure Element or Ledger operating system, and does not interfere with transaction signing. As of now, all confirmed losses from the fund theft incident disclosed on October 9 are tied to devices from CryptoBilis’ sales channel; no related cases have been verified from other channels to date. CryptoBilis has suspended sales of Ledger products, and the investigation is ongoing. Ledger noted that the total number of affected users and total loss amounts have not been confirmed, and figures circulating online are unauthenticated by the official. The company advises users who purchased devices from CryptoBilis and have not initialized them to refrain from setting them up; users who have already set up their devices should immediately transfer their assets to a new device and generate a new mnemonic phrase, and must not restore the mnemonic phrase on the affected device. Affected users should contact Ledger’s official support channels and report the incident to local law enforcement. Ledger stresses that products from its official channels and direct sales are unaffected, reminding users to only purchase through authorized channels and to be vigilant against any requests for mnemonic phrases.

According to Bitget market data, Southern’s Double Long SK Hynix declined 20.43%, while its Double Long Samsung Electronics fell 15.47%.

London-listed crypto financial firm Tap Global Group (AIM: TAP) announced today it has completed its first Ethereum purchase under its Digital Asset Income Strategy (DAIS). The firm bought 50 ETH at an average price of roughly $2,497 per token, totaling ￡94,437.86, a nearly 50% discount from Ethereum’s all-time high of around $4,950. Tap Global stated that the ETH has been deployed via its proprietary yield product Tap Earn to generate returns, continuing its "buy and put to work immediately" model used after earlier purchases of Bitcoin and Solana. DAIS reserves currently include 3 BTC, 500 SOL, and 50 ETH, with a total cost of approximately ￡329,700 plus around $279,000 in stablecoins.

According to monitoring by Onchain Lens, a Bitcoin whale deposited 138 million USDC into Binance. The whale currently holds 200 million USDC and 61.68 million USDT, with a combined value of approximately $262 million.