A review of prediction market data found suspicious price spikes in election contracts, including a Los Angeles mayoral race that drew over $47 million in trades. Researchers said 38 of 167 congressional markets above $100,000 moved at least 30 cents. One exchange said prices corrected within seconds, but election officials warn market odds can confuse voters.

Sen. Cynthia Lummis said the Clarity Act would have given crypto firms legal cover to freeze suspicious transactions as soon as law enforcement calls. Citing more than $6 billion stolen from Binance in under four hours, the Wyoming Republican said every minute lost is money gone for good.

After deleting its earlier post, Intercontinental Exchange (ICE) reposted its partnership announcement with Trade[XYZ]. In the updated post, ICE revised its wording to stress that the two parties plan to bring Hyperliquid-based perpetuals to the U.S. and that operating U.S. regulated versions remains strictly subject to regulatory approvals. Both parties are seeking approvals to launch a new market built on Hyperliquid to operate KYC-compliant perpetual markets, including approvals to support leveraged trading.

The US Treasury said Iran has not loaded oil onto vessels since Aug. 25, citing its “Operation Economic Outcast” report. The report noted a roughly 25% decline in the rial and inflation of about 90%, and flagged sanctions on Iranian crypto exchanges, including Nobitex.

Weekly crypto project updates include Ripple approval for a U.S. national trust bank, Pump.fun adding Hyperliquid perpetuals, ENSv2 going live, and Kranken parent joining Hyperliquid HIP3.

ICE removed its October 31 tweet announcing a partnership with Trade.xyz but still shows a repost of Trade.xyz promotional content. The firms plan perpetual contracts on Hyperliquid for a regulated U.S. market with independent clearing, identity verification and AML controls. Products would track stock indices, commodities and currency prices and await regulatory approval.

PANews, Oct. 31 — TRM data shows that from Jan. 1 to Sept. 7, 2026, 34 brick-and-mortar casinos in Sihanoukville, Cambodia, received about $1.07 billion in cryptocurrency. Of that total, 64% went to casinos linked to networks sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC), and 99.9% was transferred as USDT on the TRON blockchain. Monthly inflows fell from an average of $148 million between January and May to roughly $95 million in July and August, but did not stop completely.

The Crypto Council for Innovation (CCI) has proposed a framework to bring crypto vaults under U.S. securities laws. In a 238-page report published October 29, the CCI set out how regulators can assess different vault structures under existing rules, including the Securities Act of 1933, the Investment Company Act of 1940 and the Investment Advisers Act of 1940. The report tests 90-year-old securities rules against blockchain-based vaults. Crypto vaults are smart contracts that take user token deposits and deploy them into strategies such as lending, borrowing and investments to generate returns. Adoption is expanding beyond decentralized finance (DeFi), with traditional financial institutions also exploring the model. S&P Global data shows assets deposited in vaults reached $131 billion in April 2026. The CCI, joined by members from Bitwise, Galaxy Digital and Morpho, argues that crypto vaults should not automatically fall outside federal securities laws simply because they run on blockchain technology and smart contracts. Bitwise CEO Hunter Horsley said: “Vaults are going to change capital markets. We are delighted to be part of it.” The report introduces a two-sided “Control Framework” to determine how much authority human operators hold over deposited assets and how much control investors have over their funds. On the operator side, it examines four factors: mandate, execution, governance and disposition. This assesses whether operators can select investment strategies, reallocate capital, change protocol rules or move deposited assets. On the depositor side, it considers six conditions: comprehensibility, verifiability, observability, predictability, notice and actionability. The core argument is that vaults with immutable smart contracts, transparent operations, limited human discretion and permissionless withdrawals should face a different regulatory assessment from those where operators retain significant control over investment decisions. The proposal draws parallels with Section 10301 of the proposed CLARITY Act, which addresses nondecentralized finance protocols based on whether identifiable individuals or groups can control or materially alter their functionality. The CCI wants regulators to adopt a similarly control-based approach. For regulatory clarity, the CCI also wants the SEC to follow the approach it used for ETFs: grant individual exemptions to qualifying vault structures under Section 6(c) of the Investment Company Act before introducing broader, standardized rules. Horsley added: “We worked with regulators for years to help make crypto ETFs possible. We are happy to collaborate again, this time on vaults.” The proposal echoes the July 22 statement by SEC Commissioner Hester Peirce, “Headstands and Summervaults,” which cautioned against treating all crypto vaults alike. Vaults are not uniform. A recent AMBCrypto report highlighted how Web3 protocols are moving away from their original promises of openness, permissionlessness and decentralization. It cited Hyperliquid, Aave and Polygon as projects that have adopted models prioritizing internal vaults, buybacks and treasury accumulation over directly distributing value to token holders. The CCI argues that crypto vaults should not automatically fall outside U.S. federal securities laws. S&P Global data shows assets deposited in vaults reached $131 billion in April 2026.