Initia halts the network after an unauthorized mint, and China plans a national blockchain by 2030

The day outside Cardano and Bitcoin opened with a network halt. Initia stopped its layer 1 and its rollups. The network stopped at 17:41 Central European summer time on 23 October after an unauthorized mint of 2 million AUSD. The attacker moved about 1.4 million AUSD, 105 ETH, and 1.08 million USDC to Ethereum. D2 Finance cites a vulnerability in a Move function. Damage is above $2.6 million. Cointelegraph records it at 20:39, crypto.news in the same window. A Kriptoteme browser read had not arrived by 15:10, so this desk stands on Cointelegraph, crypto.news, CoinDesk, and The Crypto Basic.

China, Franklin Templeton, and the Senate

China's plan for the 15th five-year period calls for a national blockchain network by 2030: a backbone, regional hubs, and distributed digital identity. A native cryptocurrency and token trading are not mentioned. crypto.news writes that on 23 October at 23:17.

Franklin Templeton added about $150 million of sgBENJI shares on the XRP Ledger. The total is about 193 million shares, about $200 million, all in one wallet with the same signers as the issuer. CoinDesk records it at 06:45 on 24 October. The Crypto Basic cites $192.7 million. A and B are close.

Senator Blumenthal wants documents on a $6.3 million contract between Tether and Nxum, a company of former White House adviser Bo Hines. Cointelegraph writes that on 23 October at 19:42.

BLOOM, Clarity, ether, and what was already on the desk

Malaysia and Thailand join the BLOOM project at the Monetary Authority of Singapore. Ripple, Visa, and Mastercard are in it as well. Phantom introduces Kalshi event contracts for US users, funded in the CASH stablecoin. That is The Crypto Basic's daily edition at 21:20 on 23 October. Peter Hughes of Apex Group expects the failure of the US Clarity Act to push business toward Asia, the Middle East, and Bermuda, and he calls MiCA slow and restrictive. That is an interpretation. CoinDesk carries it at 14:00 on 24 October.

Santiment records a net outflow of 169,770 ETH from exchanges, the largest in more than four months. At the same time ICO investors are selling: 1,000 ETH went to Kraken, and 3,000 ETH was sold for $7.23 million, according to Lookonchain. crypto.news writes that at 08:27.

Already on the desk, in one sentence each: the Glamsterdam activation on Hoodi set for 26 October was cancelled, there is no new date, and ChainSecurity warns on EIP-8037 and EIP-8038. Bitcoin Core patches vulnerabilities a model can find with one prompt immediately, with no embargo; a review of 390 projects found 4,962 potential bugs, 85 of them critical. HSBC's HKD stablecoin RCHKD reaches more than 3.3 million PayMe users and more than 100,000 merchants.

Sources: Cointelegraph, Initia, crypto.news, Initia, crypto.news, China, CoinDesk, Franklin Templeton, The Crypto Basic, XRPL, Cointelegraph, Senate, The Crypto Basic, 23 October, CoinDesk, Apex, crypto.news, ether, CoinDesk, Glamsterdam, CoinDesk, Bitcoin Core, CoinDesk, HSBC.