Despite global bans, Polymarket is reportedly planning a U.S. comeback focused on sports prediction markets.
According to Bloomberg, the relaunch could happen before the end of November, following a CFTC no-action letter to a Polymarket-acquired exchange.
The platform, recently valued at $2 billion, aims to restore limited access for U.S. users after earlier restrictions.

Romania’s National Office for Gambling (ONJN) has blacklisted Polymarket, calling it an unlicensed gambling platform.
Officials say Polymarket’s crypto-based event betting during national elections generated over $600 million in trading volume.
ONJN said the platform’s “counterpart betting” structure meets the legal definition of gambling, regardless of blockchain use.
Internet providers have been ordered to block access to the site.

Sam Bankman-Fried, the former FTX CEO serving a 25-year sentence, is set to appear before the U.S. Court of Appeals for the Second Circuit on Nov. 4.
His legal team argues that prosecutors misrepresented FTX’s fund handling and that SBF was “never presumed innocent.”
The appeal challenges his 2023 conviction on seven felony counts of fraud and conspiracy.

The FTX Recovery Trust has started distributing its second $5 billion payout to eligible creditors.
The funds cover several claim categories, including Dotcom Entitlement (72%), US Customer Claims (54%), and Convenience Claims (120%).
General Unsecured and Digital Asset Loan Claims will receive 61%, with disbursements via Kraken and BitGo expected within days.

Some FTX creditors may increase their recovery through airdrops from third-party crypto projects.
Sunil cited initiatives like Paradex, which are targeting FTX creditors as early adopters.
“These creditors are the most valuable asset and attractive for projects,” he wrote, calling airdrops a potential source of “extra recovery” beyond fiat distributions.

FTX creditors may recover far less than expected once crypto inflation is factored in, according to Sunil, a leading FTX creditor representative.
He estimates real recovery rates between 9% and 46%, noting that surging prices of BTC, ETH, and SOL have eroded the true value of fiat repayments.
A 143% fiat payout equals roughly 22% in BTC, 46% in ETH, and just 12% in SOL, he said — emphasizing that “FTX creditors are not whole.”

In a bid to curb the rampant underground crypto mining scene, Iran is offering cash rewards to citizens who report illegal mining operations.
State utility Tavanir will pay 1 million toman (around $24) per unlicensed machine reported.
Despite the crackdown, Iran remains a major Bitcoin hub — ranking fifth globally in hashrate share at 4.2%, behind the U.S., Kazakhstan, Russia, and Canada, according to CoinLaw.

Iran is battling a massive illegal mining problem — with officials estimating that 95% of active mining devices in the country are unauthorized.
According to Tehran Province Electricity Distribution Company CEO Akbar Hasan Beklou, unlicensed miners consume over 1,400 megawatts of power daily, straining the national grid.
Authorities have shut down 104 illicit mining farms and seized 1,465 machines, equivalent to the energy use of nearly 10,000 homes.

The dispute adds fresh controversy to Donald Trump’s pardon of Changpeng Zhao, which has already drawn criticism over potential conflicts of interest.
Warren accused Zhao of financing Trump’s stablecoin project and lobbying for clemency.
Reports from The Wall Street Journal and Bloomberg claim Binance helped develop World Liberty’s USD1 stablecoin, later used in a $2 billion deal with Emirati firm MGX.
Zhao’s legal team has denied any wrongdoing, framing the senator’s comments as politically motivated.

Senator Warren’s legal team insists her comments about CZ’s guilty plea are factually correct.
Zhao was sentenced to four months in prison after admitting to failing to maintain an effective AML program at Binance — a violation of the Bank Secrecy Act.
Stafford argued that, as a public figure, Zhao would need to prove “actual malice” to succeed in a defamation case, which he said does not apply given the factual basis of Warren’s post.

Changpeng Zhao’s lawyer has demanded Senator Elizabeth Warren retract her social media statements or face potential legal action.
The letter accused Warren of using her office to “publish defamatory statements that impugn his reputation.”
At issue is an X post in which Warren said Zhao “pleaded guilty to a criminal money laundering charge.”
Zhao has denied that characterization, claiming there were “no money laundering charges” in his plea deal.

A lawyer representing Senator Elizabeth Warren has dismissed threats of a defamation lawsuit from Binance founder Changpeng Zhao, calling the claims “without merit.”
Zhao’s attorney, Teresa Goody Guillén, accused Warren of “defamatory statements” after she linked his Trump pardon to “corruption” in an Oct. 23 X post.
Warren’s counsel, Ben Stafford, responded that her comments were “true in all respects,” emphasizing that Zhao had pleaded guilty to violating U.S. anti-money laundering laws, not money laundering directly.

Revolut has introduced a 1:1 conversion between U.S. dollars and stablecoins, allowing its 65 million users to exchange up to $578,630 every 30 days without fees or spreads.
The feature supports USDC and USDT across six blockchains, including Ethereum, Solana, and Tron.
Revolut’s crypto head, Leonid Bashlykov, said the goal is to “remove all anxiety and friction of moving between fiat and crypto.”

Western Union’s entry into crypto continues to gather pace. On an investor call last week, the company announced its US Dollar Payment Token (USDPT) would go live on Solana in early 2026.
The project aims to create faster, lower-cost global remittances and integrate directly with Western Union’s network of cash-out partners. The firm’s new Digital Asset Network, built with Anchorage Digital Bank, will serve as the backbone for converting stablecoins to local currencies.
The dual trademarks—WUUSD and USDPT—suggest that Western Union is positioning itself for a broader digital finance ecosystem rather than a single token launch.

Western Union’s latest trademark filing for WUUSD adds a new layer of intrigue to its crypto strategy. The company had already filed a similar application earlier this month for another token, USDPT, or “US Dollar Payment Token.”
It remains unclear whether the two marks represent separate products or rebranding efforts. Both filings suggest Western Union is preparing to offer a full suite of digital asset services, including stablecoin exchanges, crypto lending, and brokerage functions—a notable shift from its traditional money transfer business. The U.S. Patent and Trademark Office has accepted the application, which is awaiting assignment to an examiner.

Western Union has filed a trademark application for “WUUSD”, signaling deeper plans in digital assets. The filing, submitted to the U.S. Patent and Trademark Office on Wednesday, covers a wide range of crypto-related services, including stablecoin payment processing, crypto trading, and wallet software.
The move comes just a day after Western Union confirmed it would launch a stablecoin system on the Solana blockchain in the first half of 2026. The company also plans to introduce a Digital Asset Network in partnership with Anchorage Digital Bank to help users convert stablecoins into cash.