Treegrove acquires Sprung Investment Management - Investment Executive

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

US spot Bitcoin exchange-traded funds (ETFs) recorded $635 million in net outflows on Thursday, pushing October’s flows back into the red. The withdrawals more than erased Wednesday’s $528 million in inflows and brought October’s net outflows to $175 million, according to SoSoValue data. It was the largest single-day net outflow since June 25, when Bitcoin ETFs lost $696 million. The withdrawals snapped a three-day inflow streak that attracted $1.08 billion. Bitcoin ETFs still had weekly net inflows of $443 million. The funds had recorded two consecutive weeks of outflows before the rebound. Bitcoin traded between $80,996 and $82,551 on Thursday, down from Wednesday’s intraday high of $84,777. BTC was trading at approximately $81,783 at the time of publication, down around 1% over the past 24 hours, according to CoinGecko. Altcoin ETFs also saw mostly negative flows on Thursday. Ether ETFs recorded around $111 million in net outflows, followed by Solana ETFs with roughly $9 million and Hyperliquid (HYPE) ETFs with about $8 million. XRP ETFs bucked the trend, attracting around $3.6 million in inflows.

Ethereum developers have postponed the Glamsterdam hard fork on the Hoodi testnet after researchers identified gas-related security risks that could affect how existing smart contracts handle failed transactions. The Ethereum Foundation (EF) said that the upgrade, originally scheduled for Oct. 26, would be delayed to allow developers to investigate how some proposals interact with smart contracts deployed on Ethereum. On Oct. 13, Blockchain security firm ChainSecurity warned that two proposals included in Glamsterdam, EIP-8037 and EIP-8038, could weaken safeguards against a type of attack called insufficient gas griefing. The postponement raises uncertainty over Glamsterdam’s mainnet timeline. Ethereum developers had been considering early December, with plans to finalize a schedule following successful Hoodi testing. Gas changes could undermine existing smart contract safeguardsIn its analysis, ChainSecurity said that under the new rules, gas could be returned to a contract after an operation fails, allowing it to continue running when it previously would have stopped.

Skip to main contentCrypto NewsUpdated Oct 23, 2026, 1:06 a.m. EDTPublished Oct 23, 2026, 1:01 a.m. EDT2 min readPolymarket has fired its marketing chief. (Ron Lach/Pexels)SummaryPolymarket fired its chief marketing officer, Matthew Modabber, after an internal investigation into several incidents, including an alleged scheme involving fake trades, The New York Post reported. The Commodity Futures Trading Commission is investigating claims that Modabber’s team created a webpage featuring videos of users profiting from fake trades, though no wrongdoing has been proved. Polymarket’s board reportedly concluded that Modabber was hindering efforts to improve the prediction market’s image as it considers a potential initial public offering. Leading decentralized betting platform Polymarket has fired its chief marketing officer, Matthew Modabber, who is also a close friend of the company’s CEO Shayne Coplan, according to the New York Post. The termination happened after an internal probe into several embarrassing episodes, including a reported scheme built on fake trades, that worried investors, the Post said, citing unnamed sources.

Skip to main contentCrypto NewsOct 23, 2026, 12:59 a.m. EDT2 min readEthereum delays Glamsterdam test after security devs flag risk to existing contracts. (Ethereum)SummaryEthereum developers postponed the Glamsterdam upgrade on the Hoodi test network after researchers found that proposed gas-accounting changes could alter how existing smart contracts handle failed transactions. ChainSecurity found that EIP-8037 and EIP-8038 could leave some contracts with more or less gas than expected, potentially making errors permanent or causing otherwise valid operations to fail. No replacement date has been announced for the Hoodi test or its planned 200 million gas limit, and Ethereum’s mainnet upgrade date remains unconfirmed. Ethereum developers have called off Monday's Glamsterdam upgrade on the Hoodi test network after security researchers identified a problem that could change how existing smart contracts handle failed transactions, potentially allowing errors to become permanent. The upgrade was due to activate on Oct. 26 at 17:42:48 UTC.

Skip to main contentCrypto NewsOct 23, 2026, 12:36 a.m. EDT3 min readCardano holders are being asked to bet $5 million on copper hitting a new record. (Shutterstock)SummaryToto Finance is seeking 22 million ADA, or about $5 million, from Cardano’s treasury to buy and tokenize copper, with voting set to close Nov. 15. Copper would need to rise about 49.4% for the treasury to recover its investment if the full budget is spent and ADA’s dollar price remains unchanged. The proposal would use more than half of Cardano’s remaining withdrawal allowance, while Toto could receive up to 3.36 million ADA and retain commercial rights to its separately funded tokenized-copper business. Cardano’s community treasury is being asked to spend about $5 million on a copper reserve whose costs would leave the metal needing to rise nearly 50% just to recover the original investment under the proposal’s assumptions. Toto Finance, a company that turns physical commodities into blockchain tokens, wants 22 million ADA for what it calls the Cardano Strategic Copper Reserve. Voting closes Nov. 15.