Richard Heart caught ‘off-guard,’ QDay gets even closer: Hodler’s Digest
HEX founder Richard Heart detained in early morning raid in Istanbul, Starknet plunges almost 50% as it votes to become an L1, and Bitwise says all signs point to Crypto Spring.
Turkish authorities detained HEX founder Richard Heart in an early morning raid in Istanbul on October 14, seizing $7.15 million in cash and impounding luxury vehicles. The raid also involved searches of 15 addresses. Interpol has a "Red Notice" for Heart over tax fraud and assault allegations. A spokesperson for Finland's National Bureau of Investigations declined to comment.
Turkish media have linked Heart to a $1 billion unregistered securities offering in the US, though that case was dismissed by a US judge in February 2025. Images showed a surprised Heart without trousers, causing amusement online. The HEX market cap dropped from $561 million to $315 million during the week.
Ledger unveiled a new wallet, Atom, with enhanced security features after discovering malicious implants in Asian reseller wallets. Atom separates Android apps from wallet operations and includes protections against tampering. Starknet opened a vote to become a post-quantum L1, with over 99% of votes in favor. The token has lost almost 50% in value this week.
Stablecoin transaction activity continues to grow despite a stalled market value, with Standard Chartered projecting a $2 trillion market cap by 2030. The European Banking Authority classified Circle's USDC as a significant e-money token under the MiCA framework. Binance.US seeks to raise up to $100 million in a funding round, potentially valuing the exchange at $1 billion, down from its 2022 valuation.
Bitcoin, Ethereum, and XRP showed declines in value, with the total market cap at $2.72 trillion. The top three altcoin winners of the week were Monero, Injective, and Celestia.
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