Polymarket has stopped Michigan users from opening new sports prediction positions.

On October 26th, the internal wallet of Myriad Markets, a prediction market within the BNB Chain ecosystem, was compromised. The attackers manipulated the results of 10 prediction markets. Myriad Markets has recovered the funds, invalidated the affected markets, and refunded both long and short positions based on the final prices before the attack, deducting any fraudulent gains already received. Affected markets included predictions regarding whether Base would issue its token in 2026, the US midterm elections, crypto and commodity prices, and George Russell's potential victory in the 2026 F1 Drivers' Championship. Myriad Markets will attribute the vulnerability to a third-party library used by its backend services. (Source: The Defiant)

Crypto wallet manufacturer NGRAVE has issued a security alert, reminding users to be wary of phishing attacks targeting the brand via SMS, emails, fake websites, and fake customer service. NGRAVE emphasizes that it will never request users' recovery mnemonic phrases or Perfect Keys; user private keys are stored offline only on the ZERO hardware device. Users are advised to manually enter the official website domain name to avoid accessing phishing links.

Robotics AI software developer Physical Intelligence is in talks to raise at least $1 billion, valuing the company at $20 billion, with existing investors Avenir and Lux Capital reportedly in talks to lead the round. Physical Intelligence raised funds earlier this year at a valuation of $11.5 billion and currently has no revenue. The company was founded in 2024 by former Google DeepMind researchers and academics from Stanford University and UC Berkeley. Investors include Alphabet's CapitalG, Jeff Bezos, and Thrive Capital. (Source: Bloomberg)

GMX stated on the X platform that the FOMC will announce its interest rate decision at 2 PM ET on October 28th, followed by a press conference by Federal Reserve Chairman Kevin Warsh at 2:30 PM. The market expects approximately a 90% probability that interest rates will remain unchanged in the 3.75% to 4.00% range in October, and approximately an 80% probability of a rate hike in December. Crude oil prices have fallen, energy-driven inflation continues, and gold prices are currently around $4000. AI Interpretation: The Federal Reserve's interest rate decision, as a core indicator of monetary policy, directly determines liquidity expectations in global capital markets. The current high market consensus on maintaining interest rates reflects policymakers' cautious approach in seeking a balance between inflation and economic growth. This highly consistent expectation anchors short-term interest rate trends, reducing the market's room for maneuver regarding policy shifts. As the decision announcement approaches, financial markets will enter a repricing phase of interest rate paths, and the persistence of a high-interest-rate environment will continue to suppress the valuation recovery of risky assets.

1. BlackRock transferred 1,698 BTC to Coinbase Prime for sale. 2. Markets expect the Federal Reserve to keep interest rates unchanged this week, posing a communication challenge for Warsh. 3. Spot gold rose 1% on the day, reaching $4056.99 per ounce. 4. The U.S. CFTC and the Department of Justice sued the state of Utah, aiming to prevent the state from cracking down on prediction markets. 5. A whale withdrew 11,300 Bitcoins from Binance after a five-month period of inactivity. 6. Michigan State Retirement Fund discloses holding $12.8 million in Bitcoin. 7. GMO Internet suffers hacker attack demanding $50 million ransom. 8. $2.7 billion worth of Bitcoin short positions face $84,000 in liquidation risk. The above is a selection of trending topics from the past 24 hours. Click to read the full article: https://www.aicoin.com/article/555417