Spot crypto trading volume on decentralized exchanges (DEXs) is down 36% since early September — CryptoRank data.

A photo of a WSJ page featuring an ad against stock tokenization has gone viral on social media A photo of a full-page advertisement in The Wall Street Journal newspaper has gone viral on X. It is addressed to the heads of public companies and begins with the words: “Your stocks. Their tokens. Your problem.” The text warns that crypto platforms will soon begin tokenizing stocks on unregulated platforms and calls for action. Among the risks cited are discrepancies between token prices and actual stock prices, lack of transparency in ownership, difficulties in raising capital, cyberattacks, market manipulation, and the absence of investor protection. Companies are advised to use their right to refuse tokenization by filing a request with the SEC. It is unclear from the text who commissioned the advertisement. The QR code at the bottom of the page leads to a Nasdaq page, which explains which platforms can trade tokenized stocks under a temporary SEC exemption and how to opt out of tokenization within 30 days.

Ledger issues official statement on mass wallet thefts Hardware wallet manufacturer Ledger has issued an official statement  regarding the mass thefts and announced new rules for device sales. Devices sold through Malaysian reseller CryptoBilis were found to contain soldered-in modules designed to steal seed phrases. External estimates put the losses from the mass theft involving Ledger devices over the weekend at more than $90 million. Ledger says an organized criminal group purchased devices, installed hidden implants, and resold them through authorized resellers. The group allegedly had an established logistics network, software for collecting seed phrases and stealing funds, and its own money-laundering system. The company says millions of dollars were spent on the operation. Ledger insists that its own systems were not compromised, describing the incident as an “attack on the local distribution channel.”