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Western Union has applied to register the WUUSD trademark
According to CoinDesk, Western Union has applied to register the WUUSD (Western Union US Dollar) trademark. Previously, it was reported that Western Union plans to launch the USDPT Stablecoin built on the Solana blockchain in 2026.
Ancient Whale deposits 2,000 ETH to Kraken after one year, worth $7.92 million
On-chain analyst @ai_9684xtpa reports that after a year, the “ETH ICO 310,000 ancient Whale” has again deposited 2,000 ETH to Kraken, worth $7.92 million. If sold, the return rate would exceed 12,778x. The Whale currently still holds 15,000 ETH, with a total value of $58.73 million and a cost basis of $0.31 per ETH.
Bybit: bbSOL receives institutional custody support from Anchorage Digital
Bybit announced that its Solana staked asset bbSOL has officially received institutional-grade custody support from Anchorage Digital. Anchorage Digital is the first federally chartered crypto bank in the US, providing secure and compliant asset custody services for institutional investors. This partnership marks an important step for bbSOL to become an “institutional-grade” Liquid Staking Token (LST) in the Solana ecosystem, creating a secure and trusted pathway for regulated institutions to participate in on-chain yield. bbSOL is a Solana staked asset launched by Bybit, allowing users and institutions to earn Solana staking rewards while maintaining asset liquidity and flexibility. With Anchorage Digital Bank’s secure custody solution, bbSOL holders will benefit from bank-level security and compliance that meets US federal regulatory standards, further enhancing the trust of funds, asset managers, and enterprises in Solana DeFi.
Jupiter: The first IC0 project on the DTF platform will be HumidiFi
Jupiter posted on X that the first IC0 project on its DTF platform will be HumidiFi. Unlike DEXs, HumidiFi does not use open public liquidity pools but instead relies on private liquidity provided by market makers or internal entities. Orders are routed through aggregators, reducing latency and improving efficiency.
Hong Kong SFC Chairman: Plans to provide guidance for digital asset treasuries and study listed companies buying Bitcoin
According to Wen Wei Po, Hong Kong SFC Chairman Huang Tianyou stated yesterday that Hong Kong currently has no regulations governing listed companies investing in cryptocurrencies. The SFC will monitor the market and study providing relevant guidance. Huang added that there is no law regulating listed companies’ virtual asset treasury arrangements. For companies claiming to adopt Digital Asset Treasury (DAT), Huang urged investors to carefully understand what DAT is and its underlying value. He also said the SFC will study the issue of listed companies purchasing Bitcoin.
MegaETH public sale has raised $954 million, oversubscribed by 19.1x
Official data shows that the MegaETH public sale has raised $954 million (bid demand, with an actual cap of $50 million), oversubscribed by 19.1x. The public sale will end in 11 hours and 50 minutes.
Bitmine received 33,948 ETH ($135 million) from FalconX 9 hours ago
On-chain analyst Yu Jin reports that Bitmine received 33,948 ETH ($135 million) from FalconX 9 hours ago. This week, they increased holdings by 61,264 ETH ($248 million) via BitGo and FalconX.
DRW leads talks to raise $500 million for a listed company’s Canton token reserve
Bloomberg reports that backers of Canton Network are in talks to raise about $500 million for a listed entity that will invest in tokens from this bank-backed blockchain project, becoming the latest member of the digital asset reserve. Sources say trading giant DRW Holdings and Liberty City Ventures will provide most of the funds in the form of Canton tokens (not yet listed on crypto exchanges). $100–$200 million will come from external investors. Details may change as the deal is not finalized. The entity will also serve as a super validator node (able to generate tokens) and develop blockchain-related applications to support overall network utility. Liberty City Ventures Managing Director Mark Toomey will serve as president, and former DRW COO Mark Wendland will be CEO. Clear Street is providing banking advisory services. It is unclear where the entity will trade. Canton Network was launched in 2023 by Digital Asset Holdings. In June, DRW and Tradeweb Markets led a $135 million funding round for Digital Asset Holdings, with Goldman Sachs, Citadel Securities, and Liberty City also participating.
Solana ancient Whale Address transferred 200,000 SOL to Coinbase Prime
Analyst Emmett Gallic reports that an ancient Solana Whale Address transferred 200,000 SOL (worth $40 million) to Coinbase Prime 8 hours ago. Five years ago, this address received 222,000 SOL from a “Solana: Non-circulating Supply” address when SOL was priced at just $1.68.
Fidelity submits updated S-1 filing for Spot Solana ETF, sets fee at 0.25%
According to SEC filings, Fidelity has submitted an updated S-1 filing for its Spot Solana ETF, disclosing a fee rate of 0.25%.
Coinbase to list Meteora MET perpetual futures contracts
According to Coinbase Markets, Coinbase will list perpetual futures trading for the Meteora token MET. If liquidity conditions are met, the MET perpetual futures market (MET-PERP) will launch on or after October 31, 2025, in supported regions. Retail traders can participate in perpetual futures trading via Coinbase Advanced in certain jurisdictions; institutional investors can trade directly via Coinbase International Exchange in eligible jurisdictions.
Publicly listed Solana Company discloses $20 million SOL token increase
The Block reports that Nasdaq-listed Solana Company ( (ticker: HSDT, formerly Helius Medical Technologies )) has continued to increase its Solana (SOL) reserves this month. Wednesday’s announcement shows the company added about 100,000 SOL, worth about $20 million, bringing its total SOL holdings to over 2.3 million tokens. The company also disclosed its average staking yield exceeds 7%, slightly higher than the top 10 validator nodes’ average of about 6.7%. Despite significant on-chain asset appreciation, HSDT’s share price has fallen over 50% in the past month. According to Google Finance, its share price traded near $6.75 on Wednesday, down sharply from over $14 in early October.
Bitwise Solana ETF volume surpasses $70 million on second day
The Block reports that the first US Spot Solana ETF—Bitwise Solana Staking ETF (ticker: BSOL)—set the highest volume record among nearly 850 newly listed ETFs this year on its first day, and was even stronger on day two. BSOL traded $72.4 million on Wednesday, up from $56 million on day one. Bloomberg Senior ETF Analyst Eric Balchunas posted on X: “$72 million in volume is very impressive, a good sign.” He also noted that Canary Litecoin ETF ( LTCC ) and Canary HBAR ETF (HBR) had similar volumes to Tuesday, about $8 million and $1 million, respectively. Balchunas said these numbers are impressive, and pointed out that most ETFs see volume drop after the first day’s hype. Additionally, Grayscale launched its Solana staking ETF (GSOL), with about $4 million in volume. Balchunas commented: “Solid performance, but clearly not as strong as BSOL. Listing just one day later makes competition much harder.” REX Osprey Solana Staking ETF (SSK) also attracted about $18 million on Wednesday.
Axios: MetaMask parent Consensys hires JPMorgan and Goldman Sachs to lead IPO
Axios reports that sources say MetaMask’s parent company Consensys has hired JPMorgan and Goldman Sachs to lead its initial public offering (IPO). The IPO could happen as early as 2026, but details on size and valuation have not been disclosed.
Reuters: OpenAI preparing IPO, could reach $1 trillion valuation
Reuters reports that sources say OpenAI is paving the way for an IPO that could value the company at up to $1 trillion, potentially making it one of the largest IPOs ever. OpenAI is considering filing for listing with securities regulators as early as the second half of 2026. In preliminary discussions, the minimum fundraising target is $60 billion, with the actual amount possibly higher. Talks are still early, and plans (including specific numbers and timing) may change based on business growth and market conditions. Sources also say CFO Sarah Friar has told some colleagues the company plans to go public in 2027.
Mastercard plans up to $2 billion acquisition of crypto startup Zerohash
Fortune reports that sources say payment giant Mastercard is in late-stage talks to acquire crypto and Stablecoin infrastructure startup Zerohash, with a price between $1.5 billion and $2 billion. The deal could still fall through, but if completed, it would be Mastercard’s largest investment in Stablecoins to date. Previously, Mastercard had also held talks with Stablecoin startup BVNK. Sources say Mastercard’s payment network and Coinbase were in late-stage talks to acquire the startup for about $2 billion, but Coinbase appears to have won the bidding and reached an exclusive agreement, meaning BVNK cannot accept other offers.
TRUMP token issuer Fight Fight Fight in talks to acquire Republic’s US business
Bloomberg reports that sources say Fight Fight Fight LLC, the startup that issued the “TRUMP” Meme coin days before Trump’s second inauguration, is in talks to acquire the US business of crowdfunding site Republic.com. An anonymous source said that if the deal goes through, Fight Fight Fight may encourage investors to use Trump-related tokens for transactions and help crypto startups raise funds. The source added that Republic is in talks with several potential strategic partners. One person said Fight Fight Fight has been working to expand the use of the Meme coin, and some sites have started accepting it for payments. By acquiring Republic, Fight Fight Fight may distribute grants in Meme coins and allow people to invest in startups and pay fees with the token. Republic.com shows the platform has supported over 3,000 fundraisings. Republic’s investors include Galaxy Digital and Binance’s venture arm.
CME “FED Watch”: 67.8% probability of FED cutting rates by 25 basis points in December
According to CLS, CME “FED Watch” shows a 67.8% probability that the FED will cut rates by 25 basis points in December, and a 32.2% probability of holding rates steady. By January next year, the probability of a cumulative 25 basis point cut is 56%, holding steady is 21.5%, and a cumulative 50 basis point cut is 22.5%.
Powell: December rate cut not a done deal, government “shutdown” will impact economic activity
CLS reports that FED Chairman Powell said at a press conference that the market’s expectation for another rate cut in December is “far from certain”—a statement that hit risk assets hard. Powell said current data shows little change in the outlook, the economy is expanding moderately, the labor market seems to be cooling, and inflation remains somewhat elevated. “Pre-shutdown data suggests the economy may be moving onto a firmer track.” Powell said a government shutdown would temporarily drag on economic activity, and current evidence shows layoffs and hiring remain low, with downside risks to employment rising. These comments are consistent with the earlier policy statement. On inflation, Powell added that services inflation continues to ease, most long-term inflation expectation measures are in line with targets, but short-term expectations have risen as higher tariffs push up some goods prices. He also acknowledged, “Under a reasonable baseline, the impact of tariffs on inflation will be temporary.” Powell stressed the need to manage risks of persistent inflation, and the FED has a responsibility to ensure it does not become a lasting problem and can respond promptly to economic developments. Powell said in Q&A that if data shows the job market improves, it will affect decisions. He noted it’s uncertain what data the FED will have before the December meeting, and missing data could be a reason to pause rate adjustments. On “ending QT,” Powell said the FED cannot use just one tool to address both employment and inflation risks, and the balance sheet decision gives the market time to adapt. Money market liquidity has tightened over the past three weeks, and further QT offers little benefit. Nick Timiraos, known as the “FED mouthpiece,” commented that the FOMC overall does not agree with the market’s high pricing for a December rate cut. This goes beyond their usual disclaimer that “policy does not follow a preset path.” Timiraos believes this is clearly the FED trying to regain some policy flexibility to avoid being forced into a specific action.
FED cuts rates by 25 basis points as expected, two dissenting votes show rising division
According to Jinshi, at 02:00 Beijing time Thursday, the FED cut rates by 25 basis points as expected, lowering the benchmark target range to 3.75%–4.00%, the lowest in three years. This is the second consecutive meeting with a rate cut, aiming to prevent recent hiring slowdown from becoming a more serious economic problem. Two policymakers dissented: FED Governor Milan again advocated for a larger cut of 50 basis points, while Kansas FED President Schmidt argued against a cut due to persistent inflation. Usually, economic reports released between meetings help bridge internal divisions, but this time the lack of new labor market indicators left officials without key information to resolve differences. The FED also announced it will restart a limited Treasury purchase program, responding to signs of tight money market liquidity, despite previous promises to avoid such situations. Under the balance sheet adjustment plan, starting December 1, the FED will keep total assets roughly stable monthly, but will reinvest maturing MBS proceeds into short-term US Treasuries to adjust the asset mix.
USDC Treasury mints 250 million USDC on Solana
According to Whale Alert, USDC Treasury just minted 250,000,000 USDC on the Solana chain, worth about $250 million.
Pavel Durov announces launch of confidential compute network “Cocoon” based on TON and Telegram ecosystem
At the Blockchain Life 2025 conference in Dubai, Telegram founder Pavel Durov announced the launch of “Cocoon”—a Confidential Compute Open Network built on the TON blockchain and Telegram ecosystem. The project will use GPU mining, focusing on privacy and confidential AI compute scenarios, with Telegram playing a core role in future development. The official plan is to launch public testing in November 2025. Durov also revealed that third-party developers in the Telegram Mini Apps ecosystem earned over $1 billion in the past year.
YZi Labs report: CZ personally holds less than 1% of BNB, about 67% held by the public
YZi Labs released a new research report stating that BNB, defined as the core token of BNB Chain, is evolving from a single platform utility token to a Web3 infrastructure asset, positioned as “an efficient trading engine for the global Web3 economy,” distinct from BTC’s store of value and ETH’s DeFi infrastructure. The report notes BNB has a deflationary model, with about 139 million BNB in full circulation and over 62 million BNB cumulatively burned. The holding structure is decentralized: about 67% held by the public, about 27% as burn reserves, and CZ’s personal holdings below 1%, helping reduce centralization and unlock risk, and boosting institutional trust. YZi Labs says BNB Chain ranks first in decentralized trading volume, active addresses, and Stablecoin active wallets, and is entering mainstream US compliance funding channels via BNB-related DAT/ETF, Robinhood, and Coinbase. With CZ’s pardon, this is seen as a key window for BNB’s expansion in North America and globally.
Former FTX US President Brett Harrison to launch “perpetual futures” platform for stocks and forex
Bloomberg reports that Architect Financial Technologies, founded by former FTX US President Brett Harrison, has received approval from the Bermuda Monetary Authority to launch “AX,” a perpetual futures trading platform bringing crypto derivatives mechanisms to traditional assets like stocks, forex, interest rates, and commodities. Harrison says the platform will support 24/7 trading, accept fiat and USD Stablecoin as margin, and break through traditional settlement system limits. Future plans include perpetual futures for AI economy assets (such as rare earths, renewable energy, data center compute costs). Architect is headquartered in Chicago, is raising Series A funding, and has received investment from Coinbase Ventures, Circle Ventures, and Anthony Scaramucci’s SALT Fund. Harrison says US market regulation is easing, and perpetual futures may see new opportunities in traditional finance.
US media: Government shutdown may see a breakthrough early next week
Politico reports that after nearly a month of US government shutdown, things may finally be changing. Looming deadlines and external pressure are adding urgency to stalled bipartisan talks. Senate Majority Leader John Thune, his Senate allies, House Speaker Mike Johnson, and other House Republican leaders increasingly believe more centrist Democrats are ready to compromise on a temporary funding bill to ease the shutdown, possibly as soon as early next week. GOP leaders are discussing a new temporary funding bill, with dozens of options, including funding the government until around January 21 or as late as March.
US stocks open higher, Nvidia market capitalization tops $5 trillion
US stocks opened higher: Dow up 0.2%, S&P 500 up 0.2%, Nasdaq up 0.6%. Nvidia ( NVDA.O ) opened up 3.3%, with market capitalization surpassing $5 trillion, becoming the first company globally to reach this milestone. It took less than four months to go from $4 trillion to $5 trillion, and the stock is up 50% year-to-date.
Ethereum Foundation launches “Ethereum for Institutions” website to support institutional adoption
The Ethereum Foundation officially launched the “Ethereum for Institutions” website (institutions.ethereum.org), providing guides and resources for institutions, builders, and enterprises to adopt Ethereum. Led by the Foundation’s Enterprise Acceleration Team, the site showcases Ethereum’s ecosystem achievements in financial system transformation. The Foundation notes Ethereum is secured by over 1.1 million validators and has become the core infrastructure for global financial on-chain activity. Institutional products like BlackRock, Visa, eToro, and Coinbase manage and trade billions of dollars in assets on Ethereum. The new site also highlights privacy and compliance innovations, including ZK proofs, FHE, and Trusted Execution Environments (TEE), as well as the role of L2 ecosystems in institutional scaling, with total L2 TVL now exceeding $50 billion.
Ironlight receives approval for first US compliant ATS supporting on-chain atomic settlement
CoinDesk reports that Ironlight Markets has received FINRA approval to operate an Alternative Trading System (ATS) for trading traditional and tokenized securities (including RWA), enabling on-chain atomic instant clearing and settlement. The platform integrates a centralized order book with on-chain settlement, offering matching under 20 microseconds, targeting banks, brokers, and registered investment advisors, and supporting FIX and API access. Ironlight plans to cover private credit, venture capital, and alternative assets first, and will work with compliant custodians to expand regulated tokenized markets.
Taurus opens New York office, expands US market
CoinDesk reports that Swiss digital asset infrastructure provider Taurus has opened an office in New York, further expanding in North America after entering Canada (Vancouver). The company appointed Zack Bender as US business head, serving banks and enterprises entering the digital asset market. Taurus says the US regulatory environment has improved due to the GENIUS Act, Clarity Act, and the repeal of SAB 121, and expects this will drive adoption of compliant, enterprise-grade digital asset infrastructure. Founded in 2018 and regulated by Swiss FINMA, Taurus provides custody, tokenization, and trading technology to State Street, Deutsche Bank, Santander, CACEIS, and others, supporting 35+ chains.
FED to announce rate decision at 2:00 AM
The FED will announce its rate decision at 2:00 AM Beijing time Thursday, with Powell holding a monetary policy press conference at 2:30 AM. According to foreign media analysis, the FED may revise its policy statement in several ways. In the first two paragraphs, the FED may change wording to acknowledge economic activity has picked up, possibly remove references to inflation “rising,” and keep other statements on inflation and employment unchanged. It may mention uncertainty due to lack of data from the government shutdown. In the third paragraph, the FED will adjust the target range to reflect the rate cut decision, and the QT section will see the biggest wording changes, as the FED is expected to signal ending quantitative tightening at this or the next meeting. In the final paragraph, we may see FED Governor Milan dissenting on a 25 basis point cut and voting for a 50 basis point cut, and Kansas FED President Schmidt opposing the cut and supporting holding rates, as he is one of the most hawkish members. These possible changes are largely expected by the market and won’t be surprising.
Hercle raises $10 million and secures $50 million credit line, uses Stablecoin to accelerate cross-border payments
Fortune reports that Hercle announced a $10 million equity raise led by F-Prime and secured a $50 million credit line to support global expansion. The company integrates Stablecoin for end-to-end infrastructure for payment service providers and enterprises, aiming to compress cross-border settlement from days to minutes. Hercle says it has processed over $20 billion in transactions, 90% completed within 5 minutes, with 200+ institutional clients, and plans to expand in South America, the Middle East, and Africa and broaden regulatory coverage.
Grayscale launches Solana ETF with staking feature on NYSE Arca
The Block reports that Grayscale has converted its GSOL to an ETF and listed it on NYSE Arca, including SOL staking functionality, claiming to be the largest Solana ETP manager in the US. The previous day, Bitwise listed its Solana ETF on NYSE; Canary listed Litecoin and HBAR ETFs on Nasdaq. During the US government shutdown, the SEC issued guidance: S-1s without delay clauses can become effective automatically after 20 days; and approved commodity trust share listing standards for three exchanges, potentially accelerating the launch of multiple crypto ETFs.
21 Shares submits HYPE Spot ETF registration to SEC
SEC filings show 21 Shares US LLC has submitted an S-1 registration for the “21 Shares Hyperliquid ETF.” The ETF aims to track the USD price performance and staking yield of the Hyperliquid network’s native token HYPE, reflecting total returns after fees. The fund is structured as a Delaware statutory trust, with custodians including Coinbase Custody and BitGo Trust.
Binance Wallet Prime Sale Pre-TGE Phase 2 to launch Momentum (MMT)
According to Binance Wallet, the second Pre-TGE Prime Sale event will be held from 17:00 to 19:00 Beijing time on October 31, 2025, featuring MMT Finance (token code: MMT). Eligible users must hold Binance Alpha Points to participate. Details and a dedicated page will be announced later.
Bitcoin mining difficulty increases 6.31% to 155.97T, new all-time high
CloverPool data shows Bitcoin mining difficulty was adjusted at 18:14 at block height 921,312, rising 6.31% to 155.97T, setting a new all-time high.
Binance Futures to launch KITEUSDT perpetual futures pre-market trading
According to Binance, the futures platform will launch USDⓈ-margined KITEUSDT perpetual futures pre-market trading. The contract is settled in USDT and supports up to 50x leverage.
Bybit Spot platform to list Canton (CC) soon
Official news: Bybit will soon list Canton ( CC ) on the spot market. Canton is a decentralized cryptographic infrastructure network utilizing zero-knowledge proofs (ZKPs) and Trusted Execution Environments (TEEs) for verifiable off-chain computation.
Binance Futures launches ATUSDT perpetual futures
According to Binance, the futures platform will launch USDⓈ-margined ATUSDT perpetual futures, supporting up to 50x leverage.
Ant Digital Technology Layer 2 blockchain Jovay: No tokens issued on any chain, beware of scams
Ant Digital Technology’s Layer 2 blockchain Jovay posted on X that some projects have been unauthorizedly using its name to issue tokens on Solana, BSC, Ethereum, etc. The official statement clarifies that no tokens have been issued on any chain and reminds users not to buy or interact with tokens claiming to be from “Jovay,” advising to rely on official channels.
