Digest of 8 crypto headlines including Kraken's UAE launch, Ledger hardware implant confirmation, XRPL critical bug fix, and $894M raise for AI data center repurposing.

DeFi & Yields · 2026-10-12

SWI Group raised $894 million in its latest funding round to convert Genesis Digital Assets, a former FTX-backed bitcoin miner, into AI-focused data centers across the U.S. and Sweden while divesting Kazakhstani operations. The fundraise valued the Euronext Amsterdam-listed company at 6.1 billion euros. Separately, Kraken received full market approval from Dubai's VARA for a UAE launch, Ledger confirmed a hardware implant attack with no system breach, the Ethereum Foundation transferred 4,393 ETH to Kraken, the Sui Foundation invested $30 million in DATA Network, Standard Chartered began offering custody for Ripple's RLUSD on the XRP Ledger, and the XRPL patched a decade-old bug that could have enabled unauthorized XRP minting.

Previously on Telem

Ledger confirms $100M hardware exploit via unauthorized implant reports 2026-10-12
XRPL patches decade-old bug allowing 18 trillion XRP mint 2026-10-11
Ripple patches 2015 bug that could enable unlimited XRP minting 2026-10-10
OKX raises $25B valuation with Circle, Ripple, Standard Chartered backing 2026-10-07
Ripple announces XRPL upgrades for privacy, AI agents, institutional adoption 2026-10-04