Important31 Oct 2026 03:02PANews

Prediction Markets Including Polymarket Face Strict Regulation in Australia, ASIC Confirms No Operating Applications Have Been Received to Date

Sarah Court, Chair of the Australian Securities and Investments Commission (ASIC), stated at a parliamentary hearing that the regulator has not received any applications submitted by prediction market operators. Prediction market platforms such as Polymarket may face stringent regulatory oversight in Australia, and any application for an operating license will be subject to rigorous review. Sarah Court noted that the trading mechanism of prediction markets is similar to binary options, which have already been banned in Australia, featuring an all-or-nothing payout structure. Their underlying trading instruments are often unrelated to investments or financial markets. While Australian users can directly access relevant overseas platforms, they are not protected by local financial regulations, and cannot access safeguards such as dispute resolution mechanisms and client fund protection measures.

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04:50

Claude Renames Max 20x to Ultra and Removes Its 5-Hour Usage Cap

Claude posted on the X platform announcing a rebranding of its Max subscription tiers: Max 5x is renamed to Max, and Max 20x is renamed to Ultra, with pricing remaining at $100 and $200 per month respectively. Existing subscribers do not need to take any action. Effective immediately, the 5-hour usage limit for verified Ultra accounts has been lifted, with the majority of existing subscribers covered in the first rollout. Newer accounts will retain temporary restrictions until verification is completed to prevent fraud and abuse, and users will receive an email notification when restrictions are removed. The weekly usage limit remains unchanged.

04:50

BreakingSecret Service, FBI Join Binance Hack Probe as Circle Freezes $823 Million

Binance says it has set aside $6.34 billion to cover losses from the breach and the FBI and Secret Service are now working with the exchange as investigators trace the stolen funds.

USDC BNB

03:52

zkLink Unveils Fund Recovery Plan: Attacker May Avoid Further Prosecution Upon Full Fund Return, and Retain 20% as Whitehat Bounty

zkLink announced that in response to the recent security incident affecting zkLink Nova, the team has launched a bounty program to facilitate the recovery of affected funds. Security researchers or whitehat contributors who provide information that materially assists in fund recovery may receive a reward of up to 20% of the recovered amount, with specific eligibility and reward amounts determined by zkLink based on the value of the submitted information. Furthermore, if the exploit actor returns all funds, they may retain 20% of the total as a whitehat bounty, and zkLink commits to taking no further legal action in relation to the returned funds. Relevant communications may be conducted via zkLink's official X account or designated email address.

03:47

Tether's Q3 Net Operating Profit Reaches $1.5 Billion, Excess Reserves Rise to Nearly $8 Billion

Tether released its Q3 2026 financial data and attestation of reserves report, which was compiled by BDO, one of the world's top five accounting firms. As of September 30, Tether's total assets stood at approximately $191.5 billion, with total liabilities of around $183.5 billion, marking a surplus of assets over liabilities of roughly $7.955 billion, nearly doubling from the $4.1 billion recorded at the end of Q2. For the first three quarters of 2026, Tether's cumulative net operating profit reached $4.5 billion, with Q3 contributing $1.5 billion, on par with Q2. Its primary revenue sources are U.S. Treasury securities and reverse repurchase agreements. As of the end of Q3, Tether's direct and indirect exposure to U.S. Treasury securities amounted to $132.4 billion. Over the same period, the circulating supply of USDT remained largely stable at approximately $184 billion.

USDT

03:36