WazirX Shutdown Ends, UK Watchdog Targets HTX: Global Express

Why It Matters

Meanwhile, corporate crypto adoption continues with US data firm Hyperscale allocating $60 million to bitcoin — about 66% of its market value — highlighting both institutional appetite and the balance‑sheet risks firms face if markets turn.

Summary

Indian crypto exchange WazirX said it will resume trading on Oct. 24 after a year‑long hiatus following a July 2024 hack that stole roughly $230–240 million — the platform will offer zero‑fee trading for 30 days and reintroduce rupee trading pairs beginning with USDT after a Singapore‑approved restructuring. Regulators are tightening oversight globally: the UK’s FCA has sued Justin Sun‑linked exchange HTX for operating without authorization, while Russia plans sweeping new crypto rules as the EU adds sanctions targeting a Russian state‑backed stablecoin used to skirt wartime sanctions. Meanwhile, corporate crypto adoption continues with US data firm Hyperscale allocating $60 million to bitcoin — about 66% of its market value — highlighting both institutional appetite and the balance‑sheet risks firms face if markets turn.