Suspected BitMine address accumulates 20,000 ETH worth $48.89 million over the past 50 minutes.

The U.S. state of Utah has brought 14 criminal charges against prediction market platform Kalshi and its two co-founders, Tarek Mansour and Luana Lopes Lara. The charges include one felony count of alleged ongoing illegal activity, 12 counts of promoting internet gambling, and one misdemeanor gambling charge. Prosecutors said an undercover agent from Utah’s Attorney General’s Office accessed Kalshi in September using a local address, phone number and debit card, placing 12 sports event bets on the platform. On that basis, the state accuses the platform of promoting illegal gambling in Utah. The criminal proceedings come days after the Utah Attorney General filed a civil lawsuit, which seeks to bar Kalshi from accepting bets from Utah residents and recoup alleged profits the platform earned in the state. Kalshi has previously maintained that its sports event contracts are financial derivatives regulated by the U.S. Commodity Futures Trading Commission (CFTC), not gambling, and thus not subject to state-level oversight. However, Utah and multiple other states argue prediction market platforms must still adhere to state gambling laws. The CFTC has also sued Utah, asserting such contracts should be regulated at the federal level.

According to Bloomberg, a listed subsidiary of GMO Internet Group has fallen victim to a cyber attack, with the impact rippling through Japan's credit market as investor concerns over potential hits to the company's earnings mount. Bloomberg-compiled data shows that as of October 28, the spread of a GMO Internet Group yen-denominated bond maturing in June 2031 widened to around 174 basis points, up from roughly 122 basis points on October 20 — the day before the unauthorized access incident was disclosed.

According to CBC, a federal judge in Miami, U.S., sentenced 20-year-old Canadian man Trenton Johnston to 25 months in prison. He had earlier pleaded guilty to conspiracy to launder money and surrendered approximately $3.8 million in stolen cryptocurrency. Johnston began his criminal activities in January 2024, when he was 17 years old, posing as Google technical support staff and a representative of a crypto company to trick victims into providing their wallet access codes. In one case, he and his co-conspirators defrauded a California victim of 185 Bitcoin, which was worth around $13 million at the time. He then used the illicit proceeds for luxury purchases including a Lamborghini Aventador SVJ, two BMWs, jewelry, and private aircraft rentals.

According to OnchainLens monitoring, a crypto whale has unstaked 387,000 HYPE tokens from Kinetiq and transferred the full amount to Coinbase, likely for sale. The transfers include 100,000 tokens moved two days ago, valued at approximately $7.57 million; 100,000 tokens transferred today, worth around $7.86 million; and 187,000 tokens moved earlier, valued at roughly $16.5 million.

Beating AI News Flash, October 29 – Tencent officially launched Buddy One, integrating WorkBuddy, Tencent Docs, Tencent Meeting, Tencent Cloud Drive, and ima into a unified AI office ecosystem. After linking accounts, users can directly instruct WorkBuddy to search for and integrate information across applications, eliminating the need for repeated authorization or copy-pasting. For instance, it can combine Tencent Meeting minutes, old plans in Tencent Docs, and the ima knowledge base to generate a new proposal with source references. Tencent also unified its points system: WorkBuddy points are usable across Tencent Docs, ima, and Tencent Cloud Drive, though points previously purchased separately in each app will not be merged. The official Buddy One VIP plan is priced at 700 yuan/month, including 50,000 monthly general points, 1TB cross-product shared storage, and benefits such as WorkBuddy Premium, Tencent Meeting Pro, and Tencent Docs Super Member Plus. Tencent Cloud Drive, launched alongside, serves as the unified storage provider. Currently, the rolled-out features mainly include account linking, cross-app search, and points sharing; true cross-app memory sharing is not yet available. WorkBuddy PC version 5.9.0 or higher is required to use the service. Account linking is free, but unlinking is not supported at this time.

According to Bloomberg, Sarah Court, chair of Australia’s Securities and Investments Commission (ASIC), told a parliamentary hearing that the regulator has not received any applications from prediction market operators. Platforms like Polymarket may face strict regulation in Australia, and any operating license applications will also undergo rigorous scrutiny. Court noted that prediction market trading mechanisms are similar to binary options already banned in Australia, featuring all-or-nothing outcomes, while their underlying assets are often unrelated to investment or financial markets. Australian users can directly access such overseas platforms, but are not protected by local financial regulations, and lack access to dispute resolution and customer fund protection measures.