On September 30, Decrypt reported (citing Politico) that the Commodity Futures Trading Commission (CFTC) is investigating former Congressman Adam Kinzinger for betting on whether he would receive a presidential pardon through his Kalshi account. The trades took place between December 2024 and January 2025, where he placed bets on two contracts: 'whether he would be pardoned' and 'whether Biden would issue a preemptive pardon,' the latter of which came true. Kinzinger claimed to have only made $823, with about 25 trades resulting in losses, and denied any wrongdoing, stating that he has been out of office for two years, had no insider information, and had read the platform's rules in advance. Kalshi prohibits users from betting on contracts they are directly involved in, and the CFTC prohibits the use of significant non-public information; both the CFTC and Kalshi declined to comment.
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CFTC Investigates Former Congressman Kinzinger for Betting on His Own Pardon via Kalshi
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Putin States Negotiations with Ukraine Currently Impossible
On October 10, Russian presidential aide Ushakov provided details about the phone call between the leaders of Russia and the United States. Ushakov stated that during the call, Putin elaborated on the measures Russia has taken in response to the terrorist attacks carried out by the Ukrainian armed forces. Putin indicated that Ukraine is attempting to undermine the Russian State Duma elections and is attacking civilians, which has compromised the possibility of immediately resuming negotiations. He also noted that Ukraine's attempts to hinder the advance of Russian troops have no prospects for success, as the Russian military currently holds complete initiative on the battlefield and is continuing to advance. Putin emphasized that due to Ukraine's stance, particularly its efforts to disrupt the Russian Duma elections, it is currently impossible to resume negotiations with Ukraine. Trump has instructed that the message conveyed by Putin during the call be communicated to the Ukrainian delegation. Ushakov mentioned that there has been no specific discussion yet regarding a potential bilateral meeting between Putin and Trump. -
Telegram Renames Gram Wallet to Money and Launches for All Users
On October 9, Telegram officially renamed its previously limited-access wallet service 'Gram wallet' to 'Money' and launched it to over one billion users across the platform. 'Money' is an integrated wallet for the Gram token, supporting storage, transfers, and purchases of platform gifts and collectible usernames. Additionally, the accompanying trading platform 'Walt' offers services for over 300 assets, including tokenized stocks, precious metals, perpetual contracts, and wealth management projects. Users can make instant transfers from 'Walt' to the 'Money' wallet without incurring network fees. The official statement also cautions that investing in crypto assets carries associated risks. -
Blockchain.com Seeks Approval for Prediction Markets and Cryptocurrency Derivatives Trading
On October 9, the crypto asset platform Blockchain.com submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) seeking to obtain licenses for a designated contract market (DCM) and a futures commission merchant (FCM) to offer event contracts (prediction markets) and cryptocurrency derivatives trading services to U.S. users. -
US May Seize Approximately $1 Billion in Cryptocurrency Related to Iran This Week
U.S. Treasury Secretary Bencet stated at the NPolicy Summit held by Newsmax in Washington on Thursday that we may seize $1 billion in cryptocurrency this week, adding, "We know where it is, and we are isolating them." Bencet noted that the Trump administration's approach to Iran has shifted from 'maximum pressure' to 'absolute isolation,' with measures including maritime blockades, restrictions on air travel, and the cutting off of land routes. The UAE and Oman are cooperating with the U.S., which is also working with Pakistan and Turkey to cut off all land routes in and out of Iran. -
Zcash Development Team Plans to Introduce Quantum-Resistant Signatures in January
The development team of the privacy cryptocurrency Zcash (ZEC) plans to introduce post-quantum signature opcodes to the network in January next year, supporting hash-based signature technology to defend against potential quantum computing attacks. This solution primarily targets the transparent (public) payment pool, where approximately 70% of ZEC is currently stored. Although the developers have set January as the target deadline, the specific network activation time has not yet been finalized. This upgrade aims to prevent attackers from using existing public keys to reverse-engineer private keys and forge payment authorizations. Additionally, the Zcash node validator Zakura has launched a wallet tool based on Private Information Retrieval (PIR), allowing users to query balances across multiple addresses without revealing the correlation between those addresses to the server. Previously, Ethereum researcher Justin Drake warned that artificial intelligence could accelerate the cracking of traditional encryption algorithms and urged cryptocurrency holders to prepare for potential security threats. -
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Central Committee and State Council: Comprehensive Implementation of 'AI+' Initiative
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U.S. Government-Related Wallet Deposits 17,733 BTC and 750 WBTC to Coinbase Prime
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