India's largest exchange denies hack after sleuths pointed to $16 million in suspicious outflows

US spot Ether ETFs have shed $1.08 billion so far in October, the biggest monthly outflow of 2026, while Bitcoin ETF inflows slowed after Monday’s spike. The cash drain from US spot Ether exchange-traded funds (ETFs) rolled on as the funds surpassed $1 billion in withdrawals so far in October. Ether ETFs net outflows totalled $1.08 billion since the start of October after adding $26 million on Tuesday, according to SoSoValue data. The month’s withdrawals erased September’s $832 million in net inflows, leaving year-to-date net inflows at approximately $485 million. October has already recorded the largest monthly net outflow since November 2025, with eight trading sessions still to go. Monthly flows in US spot Ether ETFs. Source: SoSoValueThe outflows coincided with Ether’s 9.7% slide in October, from $2,700 to $2,438 at publication. ETH was down nearly 18% throughout 2026, according to CoinGecko. Meanwhile, Bitcoin ETFs recorded $23 million in net inflows on Tuesday, adding to $527 million on Monday. US spot Bitcoin ETFs have recorded about $67 million in net outflows in October, leaving net inflows for the year at roughly $809 million, according to SoSoValue.

US spot Bitcoin and Ether exchange-traded funds (ETFs) saw $549 million in net outflows last week as investors continued pulling money from two of the largest crypto funds. Bitcoin ETFs recorded around $229 million in weekly net outflows, while Ether funds posted even higher withdrawals at $320 million, according to SoSoValue data. The latest withdrawals marked a second consecutive week of losses for Bitcoin ETFs and a third for Ether funds. Outflows slowed from the previous week, when the two recorded $1.22 billion in net outflows. Spot Ether ETFs have recorded roughly $955 million in net outflows so far in October, more than in any other month this year. Monthly flows in spot Ether ETFs. Source: SoSoValueEther (ETH) fell 5% over the past seven days to around $2,433, while Bitcoin dipped 1.3% to $82,783 at the time of publication, according to CoinGecko data. Despite the withdrawals, both Bitcoin and Ether ETFs remain in positive territory for 2026, with Bitcoin ETFs attracting roughly $259 million in net inflows year-to-date and Ether ETFs drawing about $610 million.

SummarySweden’s central bank warns foreign stablecoins and a digital euro risk eroding krona demand. The Riksbank sees an e-krona as critical to securing national payments and monetary control. Lawmakers have yet to approve the e-krona, which would take at least five years to launch. Sweden’s central bank is calling for lawmakers to reconsider a digital krona, warning that foreign-currency stablecoins and a planned digital euro could erode the currency’s role in payments. An e-krona would give the public access to central bank money in digital form. A 2023 government inquiry found too little need for one, but the Riksbank says changes in how people pay and growing security risks may warrant a new review. “If our cash becomes digital and Swedish kronor are not available in a usable digital form, then the krona may not be able to compete with other, more convenient digital payment instruments that can easily be used across borders,” Deputy Governor Per Jansson told Reuters on the sidelines of a conference. The Riksbank hasn’t taken a position on issuing one, but wants lawmakers to start preparing legislation now, since the work would take at least five years.

HSBC is rolling out RedCoin wallets to PayMe users, with plans to support tokenized investment subscriptions and expand into institutional uses. HSBC has launched its first Hong Kong-dollar stablecoin, RedCoin (RCHKD), for transfers and merchant payments through its PayMe app. More than 3.3 million PayMe users will be able to activate stablecoin wallets in the app in the coming days, the bank announced Friday. RedCoin is designed to be redeemable one-for-one for Hong Kong dollars. HSBC Digital Assets Custody provides safekeeping services for the stablecoin. The consumer rollout follows Anchorpoint’s rollout of its HKDAP stablecoin through HashKey Exchange in August, which initially targeted eligible institutions and professional investors. HSBC received its stablecoin issuer license in April, alongside Anchorpoint Financial, a joint venture backed by Standard Chartered, Animoca Brands and HKT. The two were the first companies approved under Hong Kong’s stablecoin regulatory framework.

Bank Negara Malaysia and the Bank of Thailand joined Singapore’s BLOOM initiative on Friday as policymaker members. BLOOM, short for Borderless, Liquid, Open, Online, Multi-currency, is a public-private initiative that intends to help financial institutions use stablecoins and tokenized deposits for cross-border payments. According to the Monetary Authority of Singapore, BLOOM aims to cut costs and help institutions bring services to market faster by reducing the need for institutions to set up arrangements with each counterparty or market. MAS launched BLOOM in October 2025, building on Project Orchid, which began in 2021 to explore uses for a digital Singapore dollar. BLOOM’s work also covers corporate cash management, trade finance and payments executed by AI agents within predefined limits. BLOOM’s participants include Airwallex, Mastercard, Ripple, Visa and the World Bank Group. Bank Negara Malaysia separately announced in February that three initiatives would test ringgit stablecoins and tokenized deposits for domestic and cross-border wholesale payments in 2026. Related: Ripple joins Singapore sandbox to test RLUSD in trade finance