Plus: Ledger Breach Drains Task Scammer's Bitcoin, XRP Sits Far Below Its Old Peak
Good Morning Lions,
Bitcoin is grinding higher while money keeps leaking out of the altcoin funds. I think that gap matters more than the green candles, because spot buyers are carrying this move without fresh ETF demand behind ether or SOL. Also, a scammer getting robbed through compromised resold hardware is funny right up until you remember those devices can land on anyone's desk, frens.
Bitcoin Climbs Back Above $82,000
TL;DR: Bitcoin climbed back above $82,000 on Friday and ZEC jumped 11% to about $1,230, per CoinDesk data. SoSoValue figures show investors kept pulling money from ether, SOL and ZEC funds during the same move.
Ledger Breach Drains Task Scammer's Bitcoin
TL;DR: Chainalysis said a scammer who ran fake online job schemes lost 60 BTC, worth more than $4.9 million, after moving the proceeds to Ledger wallets that were later drained. CoinDesk linked the theft to the breach involving Ledger devices sold by reseller CryptoBilis.
XRP Sits Far Below Its Old Peak
TL;DR: XRP traded around $1.33 on Oct. 16, leaving it 62.5% below its January 2018 peak, per CoinDesk, while bitcoin and ether sit far above their 2017 highs. Analysts point to 63% supply growth, muted ETF demand and years of regulatory uncertainty.
AI Model Spends From Stranger's Testnet Wallet
TL;DR: A research AI model that held no testnet funds found another party's Sepolia wallet through publicly available recovery phrases, its developer disclosed, per CoinDesk. The model then used that wallet to pay contract fees on the Ethereum test network.
Taaffe Says Tokenized Asset Demand Lags
TL;DR: GSR's Alex Taaffe said investor demand for tokenized real-world assets hasn't kept up with supply, speaking at Cointelegraph's CONNECT event in Singapore. Other panelists at the event said stablecoins still need to fit into everyday spending.
China Proposes Export Controls on AI
TL;DR: China's commerce and science ministries proposed adding advanced AI, including model weights and source code, to the country's export-control list, according to Bloomberg. The draft also covers AI agents and computing clusters, with public consultation open until November 15, 2026.
Black Hills Signs Google Power Deal
TL;DR: Black Hills Corp. signed agreements to power a Google data center campus in Cheyenne, Wyoming, through 2048. The deal includes up to 590 MW of grid power and about $1.8 billion in planned gas capex. Google is advancing $399 million under the agreements.
If ether and SOL funds flip back to inflows next week, this rally has real breadth. Until then BTC is doing the heavy lifting alone, and an 11% ZEC pop while its own fund bleeds looks like spot traders chasing. 🦁 — Khal
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More crypto news, daily, at news.leodex.io. The Daily LEO · Written by the LEO Team, Edited by Khal.