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a16z, One of Crypto’s Largest VCs, Plans to Drop “Crypto” From Flagship Fund Name
According to The Information, Andreessen Horowitz (a16z), one of the largest venture capital firms in the crypto industry, plans to remove “Crypto” from the name of its flagship blockchain fund and expand its investment focus beyond cryptocurrencies. One of the fund’s founding members is also reportedly departing. In May 2026, a16z Crypto closed its fifth crypto fund at $2.2 billion, roughly half the size of its $4.5 billion fourth fund raised in 2022.
Over 93.5% of Starknet Voting Power Backs Research into Transitioning to Independent Quantum-Resistant Layer 1
Starknet (STRK) tokenholders have approved a research proposal with over 93.5% of voting power supporting an exploration of transitioning Starknet from an Ethereum Layer 2 into an independent, quantum-resistant Layer 1 network. StarkWare plans to release a draft whitepaper in November. The vote strictly authorizes preliminary research and does not constitute formal approval of the transition, which will remain subject to a dedicated governance approval process moving forward.
CoinDCX Faces Suspected $16 Million Hack After $44 Million Breach in 2025
India's CoinDCX, one of the country's largest cryptocurrency exchanges, may have suffered another security breach, according to on-chain investigator Darcy. On October 21, approximately 15.99 million USDT and 5,784 TRX were transferred from CoinDCX hot wallets and deposit addresses to a single TRON address, including one transfer of 15.82 million USDT. The funds were subsequently split and routed to deposit addresses at Binance, OKX and Gate. CoinDCX previously lost about $44 million in a July 2025 hack. The latest suspected theft has not been officially confirmed.
In response to reports of suspicious outflows, CoinDCX and co-founder Sumit Gupta issued statements assuring users that funds remain safe, asserting that flagged transactions originated from legacy addresses compromised during its July 2025 exploit and abandoned since. Gupta maintained that no active CoinDCX hot wallets were breached and characterized the movement as hackers reusing obsolete addresses.
Blockchain investigator ZachXBT swiftly disputed CoinDCX's explanation, providing on-chain evidence showing that the flagged deposit address remained active with a liquidity provider for ten months post-hack, routinely sweeping user deposits and interacting with CoinDCX's current hot wallet as recently as April and May 2026, indicating that roughly $15.8 million in user deposits was unaccounted for by the exchange. CoinDCX has not yet provided further comment.
CZ Warns Users to Be Extra Cautious Online in Coming Days Amid PHP Exploits
Binance founder Changpeng Zhao (CZ) warned users to exercise caution when visiting websites over the coming days, citing two critical PHP vulnerabilities (CVE-2026-109618 and CVE-2026-109619) affecting servers running popular applications such as WordPress and Magento. The flaws, patched on October 21 after details leaked ahead of disclosure, could allow unauthenticated attackers to execute malicious code on vulnerable servers, potentially exposing visitors to credential theft. Exploitation attempts have already been detected, while some website operators may not yet have applied security updates.
Jeff Yan: Our Vision Is to Power Global Finance with Consumer-Grade Hardware
On October 15, 2026, Hyperliquid founder Jeff Yan @chameleon_jeff said on Bloomberg’s Odd Lots podcast @podcasts that his vision is to power the global financial system with consumer-grade hardware rather than massive data centers.
He emphasized that running the network should remain affordable, regardless of how many applications are built on it. Nodes currently require 128GB of RAM, which he considers a reasonable balance between hardware requirements and the network’s needs.
U.S. Bitcoin ETFs Draw $528 Million, Ether ETFs Add $15 Million
According to SoSoValue, U.S. spot Bitcoin ETFs recorded $528 million in net inflows on October 21, led by BlackRock's IBIT with $235 million. Spot Ethereum ETFs attracted $14.96 million, with Grayscale's Ethereum Mini Trust (ETH) posting the largest inflow at $28.07 million. BlackRock is the world's largest asset manager, while Grayscale is a leading crypto-focused asset manager.
SSV Labs Proposes Major Development Cutbacks Amid DAO Funding Strains
SSV Labs, a core developer of SSV Network, an Ethereum staking protocol built on distributed validator technology (DVT), submitted governance proposal DIP-59 on October 21, seeking to sharply scale back its development roadmap amid challenging market conditions and financial pressure on the DAO.
The proposal shifts focus from new product development to network maintenance, security and compatibility with Ethereum upgrades, extending its engagement through June 2027. SSV Labs also disclosed that a previously approved payment of approximately 1.74 million SSV tokens under DIP-31 remains unpaid.
Tom Lee: BitMine Will Soon Stop Buying ETH
Speaking at TOKEN2049 @token2049, Tom Lee @fundstrat said Bitmine has set a hard cap of 5% of Ethereum's total supply for its ETH holdings and will stop accumulating once it reaches that level. He said Vitalik had suggested that the company stop at 5%. At the time of the speech, Bitmine held approximately 6 million ETH, representing 4.9% of total supply, and needed roughly another 100,000 ETH to reach its target. Lee said the accumulation, originally expected to take five years, had taken just over a year and was completed entirely during a bear market.
WuBlockchain notes that Tom Lee's market forecasts tend to be optimistic. His bullish targets may not materialize, and actual market performance may differ significantly from his predictions. Readers are encouraged to focus on his analytical reasoning rather than use specific price targets or timelines as a basis for investment decisions.
Michael Saylor: MSCI Is Biased Against Digital Assets
On October 14, 2026, Strategy Executive Chairman Michael Saylor @saylor said in a Bloomberg @BloombergTV interview that MSCI is biased against digital assets, recognizing oil, land, and machinery as capital while refusing to recognize Bitcoin. He emphasized that, like banks and insurance companies, Strategy holds assets and sells financial products—specifically digital credit—and is therefore an operating company.
If holding financial assets were grounds for exclusion from an index, the same logic should apply to banks and insurance companies. He also said the amount of capital affected by MSCI’s decision is limited and would have little impact on the company.
Critical PHP Vulnerabilities Spark Global Security Alert; SlowMist Warns Crypto Exchanges, DeFi Platforms and Wallet Providers
SlowMist said its MistEye threat intelligence system conducted a global scan of PHP-related assets across the crypto industry following the disclosure of two critical remote code execution vulnerabilities, CVE-2026-109618 and CVE-2026-109619, both rated 9.2 under CVSS v4.0. The flaws could allow unauthenticated attackers to execute code on affected servers under certain conditions. PHP released security patches on October 21, covering versions 8.5.12, 8.4.27, 8.3.36, and 8.2.35. SlowMist urged crypto exchanges, DeFi platforms, and wallet providers to assess their exposure and apply the updates promptly.
SkyAI Liquidates Over 2 Million SOL in a Month After Reaffirming Solana Treasury Strategy Just Four Days Before Annual Meeting
Solana treasury company SkyAI confirmed on October 19 that it had sold all of its SOL holdings, leaving approximately $223.8 million in cash as of October 16. On September 14, just four days before its annual shareholder meeting, the company had reaffirmed its commitment to its Solana digital asset treasury (DAT) strategy and disclosed holdings of more than 2 million SOL.
Bastion Trading, which together with its affiliates holds approximately 9.99% of SkyAI, issued a statement on October 21 criticizing the liquidation of the company's entire SOL treasury without prior notice to or input from shareholders. It called on the executive chairman and relevant directors to publicly explain their oversight and approval of the sales and tender offer. Bastion said the directors should voluntarily resign if they cannot demonstrate meaningful accountability, or otherwise call a special shareholder meeting.
SkyAI previously said the SOL sales were intended to fund its $3-per-share or eligible-warrant cash tender offer. Bastion has called for improved terms, including an increase in the offer price to at least $3.50, allowing 100% tender of pre-funded warrants instead of 95%, and excluding insider-related strategic advisor warrants to ensure fairer treatment of investors.
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