SoFi released its Q3 financial report, showing total crypto trading revenue of $162 million.

[US Prosecutors Indict 6 People in NFT Wallet Scam, Involving Over $510,000] US prosecutors have indicted six people suspected of involvement in an NFT wallet scam in Madagascar. According to an FBI affidavit, the case involves 74 victim wallets, with losses amounting to at least $516,700. The group allegedly tricked victims into granting unlimited USDT spending permissions, thus transferring their assets.

The U.S. Commodity Futures Trading Commission (CFTC) is investigating whether Polymarket violated a 2022 agreement with regulators to ban its use by U.S. users. The investigation covers Polymarket's U.S. regulatory practices, advertising activities, and customer access and protection measures. In 2022, Polymarket reached a $1.4 million settlement with the CFTC for offering unregistered event contracts. (Source: Reuters)

Crypto.com and OG.com have launched cryptocurrency perpetual contracts for compliant traders in the United States, supporting leverage up to 5x and offering stop-loss and take-profit orders as well as isolated margin functionality. The product is operated through OG.com's exchanges, clearinghouses, and futures commission brokers regulated by the U.S. Commodity Futures Trading Commission (CFTC). Crypto.com is registered as an introducing broker with the National Futures Association (NFA). Kraken launched its perpetual contract product in the U.S. in June. (Source: The Block)

[US President Trump: US to Receive First Batch of 1 Million Barrels of Venezuelan Crude Oil] US President Trump stated that the US will receive an initial batch of 1 million barrels of Venezuelan oil, calling it just the first of billions of barrels in future oil supplies. Trump indicated that this oil acquisition will not be costly for US taxpayers, and that the largest oil deal in world history will be reached subsequently. He also stated that by releasing energy dominance, gasoline and diesel prices will soon fall sharply. (Source: Jinshi Data)

On October 26, the U.S. Federal Reserve (CFTC) and the Department of Justice filed a lawsuit against the state of Utah and Attorney General Derek Brown, seeking an injunction to prevent the state from using gambling laws to crack down on federally regulated prediction markets. The lawsuit alleges that Utah's enforcement threatens the CFTC's regulation of exchanges. Utah previously sued Kalshi and two Susquehanna entities on October 20, accusing Kalshi of receiving between $30.6 million and $61.2 million in fees. Utah is the 10th state to be sued by the CFTC in this case. (Source: DeFi Rate)