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Criminal Crypto Use Is Becoming 'Increasingly Sophisticated', Says Europol

In brief
Europol said misuse of crypto is "becoming increasingly sophisticated," straining national police resources.
Experts have called for global standards and unbiased blockchain training to strengthen cross-border investigations.
A recent conference highlighted the need for cooperation
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Romanian Regulator Blacklists Polymarket as 'Gambling That Must Be Licensed'

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Romania's gambling regulator blacklisted Polymarket in the country.
The regulator said it meets the definition of counterparty betting as users put up a stake, and a future event determines the outcome.
Of particular concern was expanding volumes on Romanian elections, which have
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Court Denies Crypto Bank Custodia's Bid to Pry Master Account From Unwilling Fed

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A federal appeals court affirmed the Fed's ability to deny crypto bank Custodia a master account.
Custodia had argued the Fed had no choice but to award a master account to eligible banks. The Fed said it could deny Custodia an account based on the risk posed by crypto activity.
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European Central Bank to 'Accelerate' CBDC Plans, Eyeing 2029 Digital Euro Rollout

In brief
The European Central Bank is looking to pilot its digital euro in mid-2027 ahead of a Europe-wide roll out in 2029.
It comes after the European Council told the ECB and other participants to "accelerate" the development of the CBDC, to release it as soon as possible.
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California Regulator Fines Bitcoin ATM Operator Coinhub $675K for Violating Law

The California DFPI fined Coinhub $675,000 for violating digital asset laws, including $105,000 restitution to overcharged consumers. This marks the regulator's fourth enforcement action against crypto ATM operators exploiting customers.
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Tether Reports $10 Billion Profit in 2025 So Far—Here's How That Compares to the Big Banks

In brief
Tether reported $10 billion in profit for the first three quarters of 2025---surpassing Bank of America, and nearing Goldman Sachs and Morgan Stanley's earnings.
The company's profits stem largely from returns on $135 billion in U.S. Treasuries backing its USDT reserves.
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Steak 'n Shake Bitcoin Burger Comes With Actual BTC, Thanks to Fold

Fold and Steak 'n Shake are collaborating to offer Bitcoin rewards for purchasers of the Bitcoin Steakburger and meal. Customers can earn $5 in BTC, redeemable via the Fold app, while navigating fluctuating stock prices and Bitcoin values.
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BlackRock's IBIT Sheds $291M in a Day, as Bitcoin ETFs Pull Back

In brief
BlackRock's IBIT saw its largest single-day outflow since early August, shedding $290 million.
The drop reflects short-term macro uncertainty and a closed arbitrage window, not a long-term shift, according to analysts.
Despite the weekly outflow, October's total ETF inflows still
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Meta Moves to Dismiss Porn-Piracy Suit, Calls AI-Training Claims 'Nonsensical'

In brief
Meta has asked a U.S. court to dismiss a lawsuit by Strike 3 Holdings, alleging that it used corporate and hidden IPs to torrent nearly 2,400 adult films since 2018 for AI development.
Meta says the small number of alleged downloads points to "personal use" by individuals, not AI
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