The market this morning

CoinDCX confirms $16 million loss from retired wallets, days after its CEO called breach reports a 'false alarm'

By Crypto Info News

Good morning. CoinDCX has confirmed a $16 million loss tied to retired wallets, The Block reported. The confirmation came days after CEO Sumit Gupta told users on X on Wednesday that early reports of a breach sounded like "a false alarm."

The day carried a second security dispute. The Block reported that Keystone customers say a breach exposed data the hardware wallet maker had promised to delete. Keystone has said it deletes customer information 180 days after orders in most cases, The Block reported, though X users have cast doubt on that claim. The point is disputed.

Pushback against tokenized equities widened. Decrypt reported that 22 companies have now objected to having their shares traded on the planned OKX-ICE tokenized stock venue, after Wells Fargo, Cisco, Marvell, Arm, Moderna and Intuit joined the list.

On the official side, CoinDesk reported that Latvia is targeting tokenization rules in 2027, with Economics Minister Viktors Valainis saying rules could arrive in the first half of next year; an overdue assessment remains unfinished, and no sovereign-bond issuance was identified. Separately, Cointelegraph reported that ECB official Piero Cipollone sees a digital euro as key to protecting EU "sovereignty," with the bloc on track to test real transactions in 2027 and a rollout as early as 2029, pending legislation this year. CoinDesk also reported that U.K. banks face 10,000 complaints in three months over crypto restrictions.

Cointelegraph reported that Israeli Prime Minister Benjamin Netanyahu, ahead of elections, floated blockchain and crypto as a way to skirt potential international sanctions, to the dismay of opponents and the country's central banker.

In funds, Decrypt reported that spot Bitcoin ETFs finished the week with about $301 million in net inflows, ending a two-week losing streak, even as two straight days of outflows kept October in the red.

The market closed softer. Bitcoin stood near $80,048, down 0.94% over 24 hours, and Ether near $2,326, down 1.26%.

What to watch: further disclosure from CoinDCX and Keystone, whether more companies join the tokenized-stock objections, and the EU legislation the digital-euro timeline depends on.