Morning edition · October 8, 2026
Crypto VC Funding Rebounds, Tether Expands to RWA and Kazakhstan
Venture funding increased 31% to $5.6 billion in the second quarter, while Tether launched a real-world asset platform and partnered with Kazakhstan's central bank.
- 1
Crypto VC Funding Rebounded to $5.6B in Q2 2026 Led by Later-Stage Deals
Crypto venture funding climbed 31% quarter-over-quarter to $5.683 billion across 384 deals in Q2 2026 [1]. Later-stage rounds captured approximately 78% of the capital invested, pushing the median deal size to a record $4.9 million [1].
- 2
Tether Launches Hadron Platform to Expand Into Real-World Asset Tokenization
Tether introduced Hadron, a platform designed to tokenize stocks, bonds, commodities, funds, and loyalty rewards [8]. The service provides issuance, lifecycle management, and compliance toolsets, and supports multiple blockchains [8].
- 3
Tether Signs Pact with National Bank of Kazakhstan to Study Tenge Stablecoin and Tokenization
Tether partnered with Kazakhstan's central bank and the Alatau City Authority on Oct. 7, 2026, to assess stablecoins, asset tokenization, and decentralized finance [9]. The collaboration includes planning a pilot for a tenge-backed stablecoin [9].
- 4
ESMA Directs EU Crypto Firms to Halt Unauthorized Stablecoin Services
ESMA instructed crypto service providers authorized under MiCA to halt all services involving unauthorized stablecoins for European Union clients [6]. National authorities must enforce remediation of existing client exposures within three months [6].
- 5
Attacker Drains 200 ETH From Dormant MakerDAO Auction Keeper
An attacker drained 200 $ETH from a legacy MakerDAO auction-keeper contract on Oct. 6, 2026 [5]. Missing access controls let the attacker settle 2020 auction lots and route the $542,982 to Tornado Cash, though active MakerDAO reserves were unaffected [5].
Numbers
Bitcoin is trading at $82,694, ether at $2,550, and the total market cap stands at $2.77 trillion.
Watch
National Competent Authorities will monitor CASPs to verify technical and contractual controls and track the mandatory remediation of remaining stablecoin expos · Release of the tenge-pegged stablecoin pilot proposal and specific asset classes chosen for the initial tokenization trial in Alatau. · Full-year 2026 venture deployment totals relative to the $20.3 billion raised in 2025.
Full text
Venture funding increased 31% to $5.6 billion in the second quarter, while Tether launched a real-world asset platform and partnered with Kazakhstan's central bank.
Crypto VC Funding Rebounded to $5.6B in Q2 2026 Led by Later-Stage Deals Crypto venture funding climbed 31% quarter-over-quarter to $5.683 billion across 384 deals in Q2 2026. Later-stage rounds captured approximately 78% of the capital invested, pushing the median deal size to a record $4.9 million.
Tether Launches Hadron Platform to Expand Into Real-World Asset Tokenization Tether introduced Hadron, a platform designed to tokenize stocks, bonds, commodities, funds, and loyalty rewards. The service provides issuance, lifecycle management, and compliance toolsets, and supports multiple blockchains.
Tether Signs Pact with National Bank of Kazakhstan to Study Tenge Stablecoin and Tokenization Tether partnered with Kazakhstan's central bank and the Alatau City Authority on Oct. 7, 2026, to assess stablecoins, asset tokenization, and decentralized finance. The collaboration includes planning a pilot for a tenge-backed stablecoin.
ESMA Directs EU Crypto Firms to Halt Unauthorized Stablecoin Services ESMA instructed crypto service providers authorized under MiCA to halt all services involving unauthorized stablecoins for European Union clients. National authorities must enforce remediation of existing client exposures within three months.
Attacker Drains 200 ETH From Dormant MakerDAO Auction Keeper An attacker drained 200 ETH from a legacy MakerDAO auction-keeper contract on Oct. 6, 2026. Missing access controls let the attacker settle 2020 auction lots and route the $542,982 to Tornado Cash, though active MakerDAO reserves were unaffected.
Numbers: Bitcoin is trading at $82,694, ether at $2,550, and the total market cap stands at $2.77 trillion.
Watch:
- National Competent Authorities will monitor CASPs to verify technical and contractual controls and track the mandatory remediation of remaining stablecoin exposures over the three-month window.
- Release of the tenge-pegged stablecoin pilot proposal and specific asset classes chosen for the initial tokenization trial in Alatau.
- Full-year 2026 venture deployment totals relative to the $20.3 billion raised in 2025.
Basis Desk Newsroom · AI-generated, source-verified. Built only from stories already verified and published on Basis Desk; market figures as of publication. Not financial advice.