Western Union has applied to register the WUUSD trademark.
According to CoinDesk, Western Union has applied to register the trademark WUUSD (Western Union US Dollar). Previously, it was reported that Western Union planned to launch USDPT, a stablecoin built on the Solana blockchain, in 2026.
An ancient whale deposited 2,000 ETH, worth $7.92 million, into Kraken again after a year's hiatus.
According to on-chain analyst @ai_9684xtpa, after a year, the "ancient whale that invested 310,000 ETH in the ICO" has once again deposited 2,000 ETH into Kraken, worth $7.92 million. If sold, the return would exceed 12,778 times. Currently, this whale still holds 15,000 ETH, with a total value of $58.73 million and a cost of $0.31.
Bybit: bbSOL receives institutional hosting support from Anchorage Digital
Bybit has announced that its Solana staking asset, bbSOL, has officially received institutional-grade custody support from Anchorage Digital. Anchorage Digital is the first federally chartered crypto bank in the United States, providing secure and compliant asset custody services to institutional investors. This partnership marks a significant step for bbSOL towards becoming an "institutional-grade" liquid staking token (LST) within the Solana ecosystem, creating a secure and reliable pathway for regulated entities to participate in on-chain yield rewards. bbSOL is Bybit's Solana staking asset, 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-grade security and compliance that meets US federal regulatory standards, further enhancing trust in Solana DeFi among funds, asset management institutions, and enterprises.
Jupiter: The first ICO project on the DTF platform will be HumidiFi
Jupiter announced on its X platform that HumidiFi will be the first ICO project on its DTF platform. Unlike DEXs, HumidiFi does not use open public liquidity pools; instead, it provides private liquidity from market makers or internal entities. Orders are routed through aggregators, reducing delays and improving efficiency.
According to a report in the Hong Kong Wen Wei Po, Wong Tin-yau, Chairman of the Hong Kong Securities and Futures Commission (SFC), stated yesterday that Hong Kong currently lacks regulations governing listed companies' participation in cryptocurrency investments. He added that the SFC will monitor the market situation and study providing relevant guidance. Wong further stated that Hong Kong currently has no legislation regulating listed companies' participation in virtual asset treasury arrangements. Regarding listed companies claiming to adopt Digital Asset Treasuries (DAT), Wong urged investors to carefully understand what DAT is and its underlying value. He also indicated that the SFC will study the issue of listed companies purchasing Bitcoin.
MegaETH's public offering has raised $954 million, an oversubscription of 19.1 times.
According to official data, the MegaETH public sale has raised $954 million (the bidding demand, with an actual limit of $50 million), which is 19.1 times oversubscribed. The public sale will end in 11 hours and 50 minutes.
Bitmine received 33,948 ETH from FalconX 9 hours ago, worth $135 million.
According to on-chain analyst Ember, Bitmine received 33,948 ETH ($135 million) from FalconX nine hours ago. They have increased their holdings by 61,264 ETH ($248 million) this week through BitGo and FalconX.
DRW is leading talks to raise $500 million for a publicly traded Canton token reserve company.
According to Bloomberg, backers of Canton Network are in talks to raise approximately $500 million for a publicly traded entity that will invest in the tokens of the bank-backed blockchain project, becoming the latest addition to its digital asset reserve. Sources familiar with the matter revealed that trading giants DRW Holdings and Liberty City Ventures will provide the majority of the funding in the form of Canton tokens (not yet listed on cryptocurrency exchanges). $100 million to $200 million will come from external investors. Details are subject to change as the deal is not yet finalized. The entity will also support the network's overall utility by acting as a supervalidator (which generates tokens) and developing blockchain-related applications. Sources say that Mark Toomey, managing director of Liberty City Ventures, will serve as president of the entity, and former DRW COO Mark Wendland will serve as CEO. Clear Street is providing banking advice for the deal. It is currently unclear where the entity will be traded. Launched in 2023 and developed by Digital Asset Holdings, Canton Network received $135 million in funding from DRW and Tradeweb Markets in June of this year, with participation from financial giants such as Goldman Sachs, Citadel Securities, and Liberty City.
A Solana ancient whale address transferred 200,000 SOL to Coinbase Prime.
According to analyst Emmett Gallic, an ancient Solana whale address transferred 200,000 SOL (currently worth $40 million) to Coinbase Prime eight hours ago. This address received 222,000 SOL five years ago from an address labeled "Solana: Non-circulating Supply," when the SOL price was only $1.68.
According to SEC filings, Fidelity has submitted an updated version of its S-1 application for the spot Solana ETF with a disclosure fee of 0.25%.
Coinbase will launch Meteora (MET) perpetual contract trading.
According to a Coinbase Markets announcement, Coinbase will launch perpetual contract trading for the Meteora token MET. Subject to liquidity requirements, the MET perpetual contract market (MET-PERP) will launch on or after 00:00 on October 31, 2025, in the relevant supporting jurisdictions. Retail traders can participate in perpetual futures trading through the Coinbase Advanced platform in certain jurisdictions; institutional investors can trade perpetual futures directly through the Coinbase International Exchange in certain jurisdictions.
According to The Block, Nasdaq-listed Solana Company (ticker symbol HSDT, formerly Helius Medical Technologies) has continued to increase its Solana (SOL) reserves this month. A Wednesday announcement revealed that the company added approximately 100,000 SOL tokens, worth about $20 million, bringing its total SOL holdings to over 2.3 million tokens. The company also disclosed that its staking yield averaged over 7%, slightly higher than the average of approximately 6.7% for the top ten validators. Despite the significant increase in on-chain asset value, HSDT's stock price has fallen by more than 50% over the past month. According to Google Finance data, its stock price traded near $6.75 on Wednesday, a significant drop from its high of over $14 in early October.
Bitwise's Solana ETF saw trading volume exceed $70 million on its second day.
According to The Block, the Bitwise Solana Staking ETF (BSOL), the first Solana spot ETF in the US, performed even stronger on its second trading day after setting a record for the highest trading volume among nearly 850 newly listed ETFs this year. BSOL's trading volume reached $72.4 million on Wednesday, further climbing from the initial record of $56 million. Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform, "A trading volume of $72 million is very impressive and a good sign." He also noted that the trading volumes of the Canary Litecoin ETF (LTCC) and the Canary HBAR ETF (HBR) were roughly the same as on Tuesday, at approximately $8 million and $1 million respectively. Balchunas stated that these figures are quite substantial, noting that most ETFs experience a decline in trading volume after the initial hype. Additionally, Grayscale launched its Solana Staking ETF (GSOL), with a trading volume of approximately $4 million. Balchunas said, "The performance was solid, but clearly not as good as BSOL. Being listed just one day later actually has a huge impact, making the competition much more difficult." The REX Osprey Solana pledged ETF (SSK) also attracted about $18 million in funds on Wednesday.
Axios: MetaMask parent company Consensys has hired JPMorgan Chase and Goldman Sachs to lead its IPO.
According to Axios, sources revealed that Consensys, the parent company of MetaMask, has hired JPMorgan Chase and Goldman Sachs to lead its initial public offering (IPO). The IPO could take place as early as 2026, but details regarding its size and valuation have not been disclosed.
Reuters: OpenAI is preparing for an IPO, which could value it at up to approximately $1 trillion.
According to Reuters, sources familiar with the matter said that OpenAI is paving the way for an initial public offering (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 initial discussions, the company is considering a minimum fundraising amount of $60 billion, but the actual amount could be higher. Negotiations are still in the early stages, and plans, including specific figures and timelines, may change depending on business growth and market conditions. The sources also said that Chief Financial Officer Sarah Friar has told some colleagues that the company plans to go public in 2027.
Mastercard plans to acquire crypto startup Zerohash for up to $2 billion.
According to Fortune magazine, sources revealed that payments giant Mastercard has entered late-stage negotiations to acquire cryptocurrency and stablecoin infrastructure startup Zerohash for between $1.5 billion and $2 billion. The deal could still fall through, but if completed, it would be Mastercard's largest investment in the stablecoin space to date. This potential acquisition follows talks between Mastercard and stablecoin startup BVNK. Sources say that Mastercard's payment network had late-stage negotiations with Coinbase to acquire the startup for approximately $2 billion, and Coinbase appears to have won the bidding war, securing an exclusive agreement with the company, meaning BVNK cannot accept offers from other bidders.
TRUMP token issuer Fight Fight Fight is in talks to acquire Republic's US operations.
According to Bloomberg, sources familiar with the matter revealed that Fight Fight Fight LLC, the startup that launched its Meme coin "TRUMP" days before Trump's second presidential inauguration, is in talks to acquire the U.S. operations of crowdfunding website Republic.com. One anonymous source said that if the deal goes through, Fight Fight Fight could encourage investors to use the Trump-related token for transactions while helping cryptocurrency startups raise funds. The source also indicated that Republic is in talks with several potential strategic partners. One source stated that Fight Fight Fight has been working to expand the use of its Meme coin, and some websites have already begun using it for payments. Through the acquisition of Republic, Fight Fight Fight could potentially distribute grants in Meme coins and allow people to use the token to invest in startups and pay fees. The Republic.com website shows that the platform has supported over 3,000 funding rounds. The Republic website also lists its investors as including Galaxy Digital and Binance's venture capital arm.
According to CME Group's "FedWatch," the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 67.8%, while the probability of keeping rates unchanged is 32.2%. The probability of the Fed cumulatively cutting rates by 25 basis points by January next year is 56%, the probability of keeping rates unchanged is 21.5%, and the probability of cumulative rate cuts of 50 basis points is 22.5%.
According to CLS News Agency, Federal Reserve Chairman Jerome Powell stated at a press conference that the market's expectation of another rate cut in December is "far from a done deal"—a statement that severely impacted risk assets currently being traded. Powell said that current data suggests the outlook hasn't changed much, the economy is expanding moderately, the labor market appears to be gradually cooling, and inflation remains slightly high. "Data before the shutdown suggests the economy is likely on a more solid track," Powell said. He added that the government shutdown will temporarily drag down economic activity, and current evidence suggests that layoffs and hiring remain low, with downside risks to employment appearing to have increased. These comments are consistent with the earlier policy statement. Regarding inflation, Powell added that the decline in services inflation appears to be continuing, most measures of long-term inflation expectations are in line with the target, but recent inflation expectations have risen as higher tariffs are pushing up prices for some goods. He also acknowledged that "in a reasonable baseline scenario, the impact of tariffs on inflation will be temporary." Powell emphasized the need to manage the risk of prolonged inflation, and that the Fed has a responsibility to ensure it doesn't become a persistent problem and to respond promptly to economic developments. During the Q&A session, Powell stated that if data shows an improvement in the job market, it would influence policy decisions. He mentioned uncertainty about what data the Fed would receive before the December meeting, and the lack of economic data could provide a reason to pause interest rate adjustments. Regarding "ending balance sheet reduction," Powell stated that the Fed cannot address both employment and inflation risks with a single tool, and the balance sheet decision allows the market some time to adjust. With money market liquidity tightening over the past three weeks, continuing balance sheet reduction would offer little benefit. Nick Timiraos, often referred to as the Fed's mouthpiece, commented that the FOMC, as a whole, does not agree with the market's high pricing of a December rate cut. This goes beyond their usual disclaimer that "policy does not follow a predetermined path." Timiraos believes this is clearly an attempt by the Fed to regain some policy flexibility to avoid being forced to take a specific action.
According to Jinshi News, at 2:00 AM Beijing time on Thursday, the Federal Reserve cut interest rates by 25 basis points as expected, lowering the target range for the benchmark interest rate to 3.75%-4.00%, the lowest level in three years. This is the Fed's second consecutive rate cut at its meeting, aimed at preventing the recent slowdown in hiring from developing into a more serious economic problem. Two policymakers voted against the decision: Fed Governor Milan again advocated for a larger reduction in borrowing costs, supporting a 50 basis point cut, while Kansas City Fed President Schmid argued that rates should not be cut while inflation remains persistent. Typically, the economic reports released by the Fed between meetings help bridge internal divisions. However, the lack of new labor market indicators this time deprived officials of crucial information to resolve their differences. In addition, the Fed announced the restart of a limited-scale Treasury bond purchase program. This move came after signs of liquidity stress in the money market, which the Fed had previously pledged to avoid. According to the balance sheet adjustment plan, starting December 1, the Federal Reserve will keep the total amount of assets held roughly stable on a monthly basis, but will adjust the portfolio structure by reinvesting the proceeds from maturing mortgage-backed securities (MBS) into short-term U.S. Treasury notes.
The USDC Treasury minted 250 million new USDC on Solana.
According to Whale Alert, the USDC Treasury has just minted 250,000,000 new USDC on the Solana chain, worth approximately $250 million.
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 the Telegram ecosystem. The project will utilize GPU mining and focus on privacy and confidential AI computing scenarios, with Telegram playing a central role in its development. The official public beta is planned for November 2025. Durov also revealed that third-party developers within the Telegram Mini Apps ecosystem have generated over $1 billion in revenue in the past year.
YZi Labs released a new research report stating that BNB is defined as the core token of BNB Chain, evolving from a single-platform equity token to a Web3 infrastructure asset, positioned as a "highly efficient transaction engine for the global Web3 economy," distinct from BTC's value store attribute and ETH's DeFi infrastructure attribute. The report points out that BNB possesses a deflationary model, with approximately 139 million BNB currently in circulation and over 62 million BNB burned. Its holding structure is decentralized: approximately 67% is held by the public, approximately 27% is burn reserves, and CZ's personal holding is less than 1%, helping to reduce centralization and unlocking risks and enhance institutional trust. YZi Labs states that BNB Chain ranks first in the industry in terms of decentralized trading volume, active addresses, and active stablecoin wallets, and is entering mainstream compliant funding channels in the US through BNB-related DAT/ETFs, Robinhood, and Coinbase. Coupled with CZ's amnesty, this is seen as a key window for BNB's expansion in North America and globally.
According to Bloomberg, Architect Financial Technologies, a startup founded by former FTX US president Brett Harrison, has received approval from the Bermuda Monetary Authority to launch a perpetual futures trading platform called "AX," introducing this crypto derivatives mechanism to traditional asset classes such as stocks, forex, interest rates, and commodities. Harrison stated that the platform will support 24/7 trading and accept fiat currency and USD stablecoins as margin, breaking through the limitations of traditional settlement systems. Future plans also include perpetual contracts covering AI-related assets such as rare earths, renewable energy, and data center computing costs. Architect, headquartered in Chicago, is currently in its Series A funding round, having already received investment from Coinbase Ventures, Circle Ventures, and Anthony Scaramucci's SALT Fund. Harrison stated that the regulatory environment in the US market is becoming more relaxed, and perpetual contracts are expected to usher in new opportunities in the traditional financial sector.
US media: The government shutdown may see a turning point early next week.
According to Politico, after nearly a month of government shutdown, the situation appears to be finally beginning to change. The looming critical deadlines, coupled with external pressure, are adding new urgency to the bipartisan dialogue that has been stalled for weeks. Senate Majority Leader John Thune and his Senate allies, House Speaker Mike Johnson and other House Republican leaders seem increasingly confident that a growing number of moderate Democrats are prepared to compromise on a temporary funding bill to mitigate the shutdown's impact, possibly as early as next week. Republican leaders are discussing a new temporary funding bill, with dozens of options already in place, including providing temporary funding to the government until around January 21 or later into March.
US stocks opened higher, with Nvidia's total market capitalization surpassing $5 trillion.
At the opening of the US stock market, the Dow Jones Industrial Average rose 0.2%, the S&P 500 rose 0.2%, and the Nasdaq Composite rose 0.6%. Nvidia (NVDA.O) opened 3.3% higher, with its total market capitalization surpassing $5 trillion, becoming the first company in the world to reach this milestone, less than four months after breaking the $4 trillion mark. The stock has risen 50% this year.
The Ethereum Foundation has announced the official launch of the "Ethereum for Institutions" website (institutions.ethereum.org), designed to provide guidance and resources for institutions, builders, and enterprises adopting Ethereum. Led by the Foundation's Enterprise Acceleration Team, the website showcases Ethereum's ecological achievements in restructuring the financial system. The Foundation stated that Ethereum, currently secured by over 1.1 million validators, has become the core underlying layer for global financial transactions. Institutional products such as BlackRock, Visa, eToro, and Coinbase have achieved billions of dollars in asset management and transaction volume on Ethereum. The new site also highlights privacy and compliance innovations, including ZK proofs, FHE, and Trusted Execution Environments (TEEs), as well as the role of the L2 ecosystem in institutional scaling; the total value locked on L2 currently exceeds $50 billion.
Ironlight Receives Approval as the First US-Compliant ATS to Support On-Chain Atomic Settlement
According to CoinDesk, Ironlight Markets has received FINRA approval to operate an Alternative Trading System (ATS) that allows trading of traditional and tokenized securities (including RWAs) and enables on-chain atomic instant clearing and settlement. The platform integrates a centralized order book and on-chain settlement, providing matching in less than 20 microseconds. It targets institutions such as banks, brokerages, and registered investment advisors, and supports FIX and API access. Ironlight plans to initially cover private lending, venture capital, and alternative assets, and will partner with compliant custodians to promote the expansion of the regulated tokenized market.
Taurus announces the opening of an office in New York to expand its US market.
According to CoinDesk, Swiss digital asset infrastructure provider Taurus has opened an office in New York, further expanding its North American presence after previously entering Vancouver, Canada. The company appointed Zack Bender as head of its US operations, serving banks and enterprises entering the digital asset market. Taurus stated that the improved US regulatory environment, due to the repeal of the GENIUS Act, Clarity Act, and SAB 121, is expected to drive the adoption of compliant, enterprise-grade digital asset infrastructure. Founded in 2018 and regulated by the Swiss FINMA, Taurus provides custody, tokenization, and trading technology to companies such as State Street, Deutsche Bank, Santander, and CACEIS, supporting over 35 blockchains.
The Federal Reserve will announce its interest rate decision at 2:00 AM.
The Federal Reserve will announce its interest rate decision at 2:00 AM Beijing time on Thursday, followed by a monetary policy press conference by Powell at 2:30 AM. According to foreign media analysis, the Fed may revise its policy statement in the following ways: In the first two paragraphs, the Fed may change its wording to acknowledge the recovery in economic activity, possibly removing the phrase "rising inflation," while maintaining other statements regarding inflation and employment. It may also mention the uncertainty caused by the lack of data due to the government shutdown. In the third paragraph, the Fed will revise its target range to reflect the decision to cut interest rates. The wording regarding QT will likely change the most, as the Fed is expected to signal the end of quantitative tightening at this or the next meeting. In the final paragraph, we may see Fed Governor Milan oppose a 25-basis-point rate cut and vote for a 50-basis-point cut. We may also see Kansas City Fed President Schmid oppose the rate cut and support maintaining the current rate, as he is one of the most hawkish voting members. These potential changes are largely expected by the market and would not be surprising.
According to Fortune, Hercle announced the completion of a $10 million equity funding round led by F-Prime, and secured a $50 million line of credit to support its global expansion. The company provides end-to-end infrastructure for payment service providers and businesses through stablecoin integration, aiming to reduce cross-border settlements from days to minutes. Hercle claims to have processed over $20 billion in transactions, 90% of which are completed within 5 minutes, and has over 200 institutional clients. It plans to expand into South America, the Middle East, and Africa, and broaden its regulatory coverage.
Grayscale launched a collateralized Solana ETF and listed it on the NYSE Arca.
According to The Block, Grayscale has converted its GSOL ETF and listed it on the NYSE Arca, including SOL staking functionality, claiming to have become the largest Solana ETP manager in the US. This comes a day after Bitwise launched its Solana ETF on the NYSE; Canary launched its Litecoin and HBAR ETFs on Nasdaq. During the US government shutdown, the SEC issued guidance that S-1 agreements without delay clauses can automatically become effective after 20 days; and has approved the listing standards for commodity trust units on three exchanges, potentially accelerating the launch of multiple crypto ETFs.
21Shares submits HYPE spot ETF registration application to SEC
According to filings with the U.S. Securities and Exchange Commission (SEC), 21Shares US LLC has submitted an S-1 registration statement for a fund called the “21Shares Hyperliquid ETF.” This ETF aims to track the U.S. dollar price performance and staking yield of HYPE, the native token of the Hyperliquid network, reflecting the overall return after deducting relevant fees. The fund is structured as a Delaware statutory trust, with Coinbase Custody and BitGo Trust serving as custodians.
Binance Wallet will list Momentum (MMT) during its second Prime Sale Pre-TGE.
According to Binance Wallet, the second Pre-TGE Prime Sale will be held from 17:00 to 19:00 Beijing time on October 31, 2025, for MMT Finance (token code: MMT). Eligible users must hold Binance Alpha Points to participate. The official announcement states that event details and a dedicated page will be released later.
Bitcoin mining difficulty increased by 6.31% to 155.97 T, setting a new all-time high.
According to CloverPool data, Bitcoin mining difficulty was adjusted at block height 921,312 at 18:14, increasing by 6.31% to 155.97 T, setting a new all-time high.
Binance Futures will launch pre-market trading of KITEUSDT perpetual contracts.
According to a Binance announcement, Binance Futures will launch pre-market trading for USDⓈ-margined KITEUSDT perpetual contracts. These contracts are priced and settled in USDT and support up to 50x leverage.
Canton (CC) will soon be listed on Bybit's spot trading platform.
According to official sources, Bybit will soon list Canton (CC) on the spot market. Canton is a decentralized cryptographic infrastructure network that utilizes zero-knowledge proofs (ZKPs) and trusted execution environments (TEEs) to enable verifiable off-chain computation.
Binance Futures launches ATUSDT perpetual contracts
According to a Binance announcement, the Binance Futures platform will launch USDⓈ-margined ATUSDT perpetual contracts, supporting leverage up to 50x.
Ant Financial's L2 blockchain Jovay: Has not issued any tokens on any blockchain; beware of scams.
Ant Financial's Layer 2 blockchain company, Jovay, tweeted that some projects have recently been using its name without authorization to issue tokens on chains such as Solana, BSC, and Ethereum. The company has explicitly stated that it has not issued any tokens on any chain and reminded users not to buy or interact with tokens claiming to be from "Jovay," and advised them to rely on official channels.
