It’s been a nice trading week. A few swings up and down, some longs that worked, profits taken, and a few other profits round-tripped straight back to the market. It happens. We got our volume in, and the PnL is green, which is what matters.
Away from the charts, the Trezor reseller network is getting smaller following the Ledger tampering reports. Airdrop seasons are wrapping up, InfiniFi has revealed its token allocation, and the Bored Apes are heading to Charleston.
As always, we’ve been keeping an eye on things. Here are the crypto news snippets you might have missed but will probably want to know about.
Trezor Reseller Network Shrinks After Ledger Tampering Reports
Trezor is cutting back its authorized reseller network following reports of physically modified Ledger devices. The company says the decision is precautionary and that it has found no evidence of the same attack affecting its own wallets.
Selected partners will stop receiving new stock, with their authorization ending on January 1, 2027. The aim is to make the distribution network easier to oversee.
The concern goes beyond counterfeit packaging. Ledger confirmed an unauthorized hardware implant inside an affected device sold through CryptoBilis. Reports describe components designed to capture recovery phrases and transmit them over a cellular connection.
That matters because a genuine device can still be physically altered somewhere between the manufacturer and your desk. A check that verifies the original chip or firmware does not necessarily detect extra hardware attached around it.
What Does This Mean for Hardware Wallet Buyers?
The Trezor reseller announcement does not mean Trezor wallets have been confirmed compromised. It means the company is tightening distribution while another manufacturer investigates a supply-chain attack.
Buying directly from the manufacturer reduces the number of hands a device passes through. Packaging and setup checks still matter, but an intact-looking box should never be your entire security strategy.
We’ve covered the retail fallout in our MediaMarkt Ledger breakdown. Ledger also has a new device to sell, which raises a separate question: does Ledger Atom address the problems buyers are worried about?
As for losses, the investigation is still moving. Researchers have circulated estimates in the tens of millions, but Ledger has not confirmed a final total. Treat those figures as estimates until the affected wallets and transactions are properly reconciled.
Airdrop Updates: Paradex, Sleepagotchi, InfiniFi and Papertrade
A quick reminder for anyone farming ten projects and checking none of them: don’t get lazy at the finish line.
Keep an eye on announcements from projects you’ve already used. A season ending, registration window or eligibility check can matter more than another week of clicking around. Some campaigns also require continued activity, so check the actual rules before disappearing.
Here’s the latest:
- Paradex: XP Season 3 has ended, with 4 million XP distributed in the final week. If you participated, check your account and watch for the next announcement. Our Paradex farming guide has the project details.
- Sleepagotchi: The $CHI community sale on Sonar has sold out. If you joined, follow the official channels for distribution updates. You can revisit our Sleepagotchi listing for the broader campaign.
- InfiniFi: INFI tokenomics are out ahead of the token generation event. The allocation is 45% ecosystem, 20% team, 20% investors and 15% foundation. The community airdrop comes from the ecosystem allocation; that does not mean the full 45% is an airdrop. Keep our InfiniFi guide handy as more distribution details arrive.
- Papertrade: The platform is attracting attention for its reported daily revenue, with a circulating $7.5 million snapshot putting it ahead of Circle. That figure and ranking depend on the measurement window, so don’t confuse a big day with a permanent lead. Start with our Papertrade explainer and campaign listing if it’s new to you.
The airdrop meta keeps moving. We watch the new opportunities, but we also follow the projects people have already spent months farming. The next announcement worth acting on might come from a tab you haven’t opened in weeks.
Bored Ape Yacht Club Heads to Charleston for ApeFest
The apes are getting out of the group chat.
ApeFest brings the BAYC community to Charleston, South Carolina, with gatherings running from October 15 through October 18 around the main October 17 event.
The side-event calendar has plenty of variety: late-night waffles, paintball, afternoon tea, a builders’ brunch, beach meetups, and an Apes on Ice event combining poker and skating. Apparently, picking one hobby wasn’t enough.
If you’re going, check the BAYC meetup calendar and register for the events you want to attend. Free entry can still require an RSVP, and some gatherings have limited capacity or host approval.
For all the daily arguments about NFT prices, these weekends are a reminder that people still want to meet the humans behind the profile pictures. Preferably with food involved.
USDC Gets a New Level of European Oversight
USDC has become the first e-money token classified as “significant” under the EU’s MiCA framework.
The European Banking Authority announced the decision on October 14. From November 12, 2026, Circle’s European issuer will move into the dual-supervision arrangement that applies to significant e-money tokens.
Under that arrangement, the EBA oversees areas including capital, reserves, liquidity, and recovery and redemption planning. France’s ACPR retains responsibility for other parts of the issuer’s supervision.
For holders, this is a change in how the European issuer is supervised. It does not mean there is a new USDC token to claim, swap into or migrate to.
There’s also a broader debate over how stablecoin reserves should be held. Circle has pushed back against MiCA’s bank-deposit requirements, arguing that forcing more reserves into commercial banks can increase exposure to those banks.
Stablecoins might look boring next to a leveraged long, but their reserve structure matters when markets get messy. Our USDC review covers the basics, while our guide to the best crypto exchanges in Europe looks at the platforms serving the region.
Russia Moves to Restrict Direct P2P Crypto Trading
Russia’s regulated crypto market is expanding, but direct trading between individuals is getting squeezed.
According to the Bank of Russia’s published guidance, from July 1, 2027, residents covered by the rules will have to conduct crypto transactions through authorized intermediaries or directly with those intermediaries. That closes off the permitted route for direct trades between individuals outside the regulated system.
The accompanying restrictions also cover transfers from regulated digital accounts to users’ own self-custody wallets. That distinction matters: restrictions on withdrawals from an account should not automatically be read as a blanket ban on owning a hardware wallet.
My own peer-to-peer trading days are long behind me. Still, it’s sad to see those channels disappearing. Buying directly from another person was part of how a lot of us first experienced crypto, before every transaction needed an account and an intermediary.
Whether the restrictions will be easy to enforce is another question. But for people using the regulated Russian market, the direction is clear: more activity is being pushed through approved providers.
Might be time for us to put together a proper guide to crypto exchanges in Russia.
Base Makes It Easier for Apps to Offer Yield and Crypto Loans
Base’s Earn & Borrow offering gives businesses a way to build stablecoin yield and crypto-backed borrowing into their apps using lending markets such as Aave and Morpho.
A customer could deposit supported stablecoins to earn a variable return, or borrow against supported crypto collateral without selling it. The integrating platform chooses the wallet and custody setup, while the underlying lending protocols handle the markets.
The useful part is distribution. Someone might access a lending market through an app they already use instead of learning a separate DeFi interface.
But a simpler interface doesn’t remove the underlying risks.
Borrowers can still be liquidated if their collateral no longer provides enough coverage. Stablecoin returns change with market conditions, and withdrawals depend on available liquidity. Base and Coinbase also say they do not manage or guarantee the independently operated vaults.
This is infrastructure for businesses to integrate, so don’t assume every feature is already available in your app or country. Supported assets, terms and access depend on the platform, protocol and jurisdiction.
We’ll keep following the rollout alongside our other Base ecosystem updates.
Final Words
A green trading week is nice. Keeping it green is the next job.
Check the projects you’ve farmed, catch up on the announcements you’ve ignored, and pay attention to where your hardware wallet comes from. The Trezor reseller cuts are another reminder that custody starts before you send the first coin.
We’ll keep trading, farming and following the news in between. Hopefully with fewer round-tripped profits next week.
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