According to The Block, Coinbase has released "Payments MCP," which allows large language models (such as Claude and Gemini) to access wallets, deposit fiat currency, and pay with stablecoins through natural language, with support for local operation and customization. Developed by the Coinbase Developer Platform, this tool aligns with the x402 Foundation, previously backed by Coinbase and Cloudflare, to standardize AI payments. Officially, stablecoins are described as the ideal payment infrastructure for "agentic commerce," and Payments MCP will enable mainstream LLMs to natively connect the crypto economy with payment protocols like x402.
The Trump administration is in talks to take a stake in a quantum computing company.
According to the Wall Street Journal, US President Trump's administration is in talks to acquire stakes in quantum computing companies. IonQ, Rigetti Computing, D-Wave Quantum, and others are in discussions with the US Department of Commerce, with Deputy Commerce Secretary Paul Dabbar leading the negotiations. This proposal could see the government become a shareholder in quantum computing companies, with funding targeted at companies with "critical technologies." Quantum Computing Inc. and Atom Computing are also considering similar arrangements.
Prediction market Polymarket seeks funding at a valuation of $12 billion to $15 billion
Prediction marketplace Polymarket is in early-stage talks with investors and is seeking to raise money at a valuation of $12 billion to $15 billion, according to people familiar with the matter, more than ten times its value four months ago.
Liechtenstein launches sovereign blockchain 'LTIN'
According to Ledger Insights, Liechtenstein has launched the Liechtenstein Trust Integrity Network (LTIN), a sovereign blockchain infrastructure designed to provide compliant digital trust services for businesses and institutions. The network, majority-owned by state-owned telecom operator Telecom Liechtenstein, is based on the Liechtenstein Blockchain Act and aligned with the EU's MiCA. Initial partners include Bank Frick, Bitcoin Suisse, Solstice Labs, and Zilliqa, with INACTA, LUKSO, QPQ, and Swiss Subnet participating in early development. The network is positioned as a blockchain extension of the state's telecom services. The Principality of Liechtenstein (Fürstentum Liechtenstein) is a small, landlocked, mountainous country located in Central Europe, between Switzerland and Austria. With a population of approximately 39,000, it maintains close ties with Switzerland (sharing customs, currency, and some foreign affairs), but is a fully sovereign and independent state under international law.
According to Bloomberg, prediction market platform Kalshi is receiving funding offers from multiple venture capital firms, with a target valuation of approximately $10 billion to $12 billion. This news comes weeks after the company announced a $300 million funding round (co-led by A16z and Sequoia) at a $5 billion valuation; in June, it secured $185 million (led by Paradigm) at a $2 billion valuation. Kalshi did not respond to requests for comment. Regarding regulations, the CFTC has allowed it to list more contracts, but state-level gambling regulations remain controversial. The company claims annualized trading volume has reached $50 billion; competitor Polymarket has secured up to $2 billion in investment from ICE, with a valuation of approximately $8 billion.
Osprey Submits S-1 Application for Solana Spot ETF to US SEC
SEC documents show that Osprey Solana Trust submitted Form S-1 to the US SEC, intending to issue a spot ETF tracking Solana (SOL).
Tesla's Q3 profit increased by approximately $80 million due to changes in Bitcoin's fair value
According to CoinDesk, Tesla (TSLA) maintained its holdings of 11,509 Bitcoin (BTC) in the third quarter, recognizing approximately $80 million in gains due to price increases, bringing the end-of-period valuation of its digital assets to approximately $1.35 billion. Tesla's Q3 revenue was $28.1 billion, exceeding market expectations of $26.36 billion. Adjusted earnings per share were $0.50, missing the $0.54 forecast. Under new FASB rules, the company is required to recognize changes in the fair value of its crypto assets on a quarterly basis. After-hours trading saw a slight decline in the stock price to approximately $434.
U.S. national debt exceeds $38 trillion for the first time
On October 22, local time, the latest data released by the U.S. Treasury Department showed that as of October 21, the total U.S. federal government debt exceeded $38 trillion for the first time. This was just over two months after the total U.S. federal government debt reached $37 trillion in mid-August.
U.S. SEC documents show that Hyperliquid Strategies has submitted an S-1 prospectus, planning to raise up to $1 billion. The funds will be used for general corporate purposes, including possible purchases of HYPE tokens.
According to Bloomberg, a16z Crypto stated in its "2025 State of the Cryptocurrency Industry Report" released on Wednesday that the issuance of over 13 million meme coins in 2025 highlights the regulatory vacuum in the cryptocurrency sector and the urgent need for relevant market structure legislation in the United States. The report emphasizes the need for regulation to provide a clearer framework for cryptocurrency developers and investors. The fund stated that the Digital Asset Market Transparency Act, currently before Congress, would, if passed, add safeguards to protect consumers, regulate blockchain-based intermediaries, and establish a clearer regulatory path for digital commodities. The report notes that the surge in meme coins over the past year reflects the lack of a regulatory framework. The high volatility and unprecedented risk associated with meme coins demonstrate both the enormous potential of cryptocurrency as an asset class and the well-known risks of speculative investment.
US asset management firm T.Rowe has submitted application documents for a cryptocurrency ETF
According to Blockworks reporter Ben Strack, US asset management company T. Rowe has filed for a cryptocurrency ETF. The ETF, called the "T. Rowe Price Active Crypto ETF," aims to outperform the FTSE US Listed Cryptocurrency Index, which consists of the top 10 crypto assets by market capitalization that meet the US Securities and Exchange Commission's (SEC) universal listing standards.
Coinbase announces BNB listing
Coinbase Markets announced on the X platform that Coinbase will add support for the BNB token (BNB) on the BNB Smart Chain network. The BNB-USD trading pair will be available in supported regions when liquidity conditions are met. BNB will be available on the coinbase.com website, the Coinbase app, and the Coinbase Advanced platform. Institutional users can trade BNB directly through Coinbase Exchange.
Crypto firm Cryptomus fined a record $126 million by Canadian regulators
According to Bloomberg, crypto company Xeltox Enterprises Ltd. (operating as Cryptomus) was fined CAD$177 million (approximately USD$126 million) by Canada's anti-money laundering agency, FINTRAC, for thousands of suspicious transaction reporting violations within a single month. The Vancouver-based company provides cryptocurrency trading, payment, wallet, and peer-to-peer trading services. FINTRAC CEO Sarah Paquet stated that the severity of the violations "necessitated unprecedented enforcement action." The regulator noted that Cryptomus failed to report over 1,000 transactions suspected of money laundering or terrorist financing in July 2024, and over 1,500 transactions in which customers received over CAD$10,000 in virtual currency during the same period.
Crypto analyst Emmett Gallic posted on the X platform that the US government has seized 215 BTC, valued at approximately $23 million, from the wallet of Zhengcheng Huang, operator of the dark web market "Chinodrug." Seizure documents reveal that authorities claimed to have seized only 199.47 BTC, but the address actually held 215 BTC. Emmett Gallic noted that, based on past experience, the US government rarely reports accurate amounts in seizure documents.
A whale withdrew 12,000 ETH from Binance, worth $46.25 million
According to Lookonchain monitoring, the whale 0x3952 withdrew 12,000 ETH (worth US$46.25 million) from Binance about 30 minutes ago.
According to Bitcoin News, 15,965 Bitcoins linked to a sanctioned wallet still controlled by Prince Group criminal mastermind Chen Zhi (previously referred to by Onchain Lens as the "LuBian wallet") have been moved on-chain for the first time in three years. Notably, this Bitcoin is not part of the 127,000 Bitcoins seized from his business by the United States last week.
According to the official announcement, Binance Finance, One-Click Buy, Flash Swap, Margin Trading, and Binance Futures will list Turtle (TURTLE) according to the timelines listed below. Specifically, Binance will launch TURTLE 1-50x U-margin perpetual contracts at 23:00 (GMT+8) on October 22, 2025.
According to *Walter Bloomberg, Geoff Kendrick, Standard Chartered Bank's global head of digital asset research, predicted that Bitcoin will fall below $100,000 due to trade war concerns, but the decline is likely to be short-lived. He noted that gold price trends could signal a Bitcoin rebound, as recent gold weakness triggered a brief buying spree. Bitcoin prices have remained above their 50-week moving average since 2023, making this dip a good buying opportunity.
Kraken's third-quarter revenue reached $648 million, a 114% year-over-year increase.
According to Bloomberg, crypto exchange Kraken said its third-quarter revenue more than doubled as the company prepares for a U.S. IPO next year. According to the statement, Kraken's revenue reached $648 million, up 114% from the same period last year. The company, formally known as Payward Inc., defines revenue as total revenue in accordance with generally accepted accounting principles (GAAP) less transaction costs. Adjusted earnings, excluding items such as taxes, were $178.6 million, a significant improvement from last year's slightly negative figure. Kraken's total exchange trading volume increased by 106% to $561.9 billion in the third quarter, and the total number of funded accounts on the platform increased by 46% to 5.2 million. The company said that assets on the platform increased by 89% to $59.3 billion.
MegaETH will launch the public sale of MEGA tokens on October 27, with an initial FDV of $1 million.
MegaETH, the Ethereum scaling solution developed by MegaLabs, announced on X Platform that it will launch a public sale on Echo's Sonar platform, starting at a fully diluted valuation (FDV) of $1 million and capped at $999 million. Users can bid via an English auction, with bids reaching up to $186,282. If oversubscribed, priority will be given to existing MegaETH community members and investors who have demonstrated long-term consistency through social activity, on-chain behavior, and lockup preferences. A bimodal allocation process ensures broad distribution while prioritizing key contributors. MegaETH's core supporters will receive priority allocations, while at least 5,000 participants will receive a base allocation starting at $2,650. Five percent of the total MEGA token supply will be sold on October 27th. Registration is now open for participation.
According to on-chain analyst @ai_9684xtpa, the "mysterious whale" who just liquidated his $250 million long position in BTC and ETH this morning has opened a short position. He currently holds 134.55 BTC (US$14.53 million) at an opening price of $108,200. His previous seven openings in the past two weeks had a 100% win rate.
Circle mints 750 million new USDC on Solana
According to OnchainLens, Circle has minted an additional 750 million USDC on the Solana network. Since October 11, Circle has minted a total of 2.75 billion USDC on the Solana network.
According to Newswire, Mercer Park Opportunities Corp. (TSX: SPAC.U), a special purpose acquisition company, announced that it has signed a definitive business combination agreement with Cube Group, Inc., an innovator in hybrid digital asset trading. The transaction values Cube at US$300 million and, subject to regulatory approval, is expected to create a publicly listed entity. The entity plans to acquire a reserve of Solana tokens (SOL) for US$500 million prior to closing to enhance liquidity, revenue generation, and long-term value creation. Following completion of the transaction, the combined company will operate as Cube Exchange Inc. The transaction is subject to approval by the Toronto Stock Exchange. Mercer Park has also agreed to use reasonable efforts to seek a dual listing on Nasdaq promptly following the closing of the transaction. Mercer Park expects the transaction to close in the first quarter of 2026.
Payments firm Modern Treasury acquires stablecoin startup Beam for $40 million
Modern Treasury, a payments infrastructure company valued at $2.1 billion, has acquired stablecoin startup Beam, according to Fortune magazine. Sources revealed the acquisition is an all-stock transaction valued at approximately $40 million. As part of the deal, Beam's founder will join Modern Treasury and help lead the company's expansion into stablecoin payments. Founded in 2022, Beam reportedly provides software for banks and other businesses to send and receive stablecoins. Modern Treasury originally joined the Y Combinator incubator in the summer of 2018, positioning itself as a one-stop shop for businesses handling cash flows.
Market News: Robinhood Lists BNB
According to market news, Robinhood launched BNB.
Limitless Prediction Market Launches LMTS Token and Opens Airdrop Claims
The Base prediction market Limitless announced on the X platform that its LMTS token has officially launched and is now open for airdrop applications. Traders in the first season of Limitless Points and participants in the first phase of Wallchain "Quackers" may be eligible for the airdrop. Previously, Limitless announced the economics of the LMTS token: ecosystem rewards account for 24.37%.
Bloomberg: Crypto Exchange HTX Sued by UK FCA
According to Bloomberg, the UK's financial regulator has filed lawsuits against multiple entities affiliated with the crypto exchange HTX. The Financial Conduct Authority (FCA) filed the Financial and Regulatory Services lawsuit in London's High Court on Tuesday—further details of which have not yet been released. Previously, the FCA had warned potential clients against using the platform. In an emailed statement, the FCA stated: "The FCA has commenced civil proceedings in the High Court against the global crypto exchange HTX for breaching the UK financial promotion regime by illegally promoting crypto asset services to UK consumers. This action reflects our commitment to protecting consumers and upholding the integrity of the UK financial markets."
Aave DAO proposes $50 million annual budget to support token buyback program
Aave DAO has proposed a buyback program for AAVE, with a proposed annual budget of $50 million and flexible execution parameters to enable strategic capital deployment to further accumulate AAVE tokens and extend the existing buyback program indefinitely. This buyback program will be jointly implemented and executed by the TokenLogic team and the Aave Finance Committee (AFC). The program establishes a weekly AAVE purchase range of between $250,000 and $1,750,000 to ensure the stability and continuity of the buyback.
Publicly listed Applied DNA Sciences reveals its initial BNB holdings are worth over $17 million
According to Businesswire, biotechnology company Applied DNA Sciences, Inc. (NASDAQ: APDN) announced the completion of its previously announced private investment in equity (PIPE) financing, led by institutional DeFi and TradFi investors, with initial BNB holdings valued at over $17 million. The PIPE generated approximately $27 million in gross proceeds for the company, with the potential for up to $31 million in additional gross proceeds from future warrant exercises. The PIPE transaction included $15.3 million in cash and stablecoins, as well as $11.71 million in OBNB trust units. The company received a total of 435,638 trust units, representing underlying ownership in 10,647 BNB tokens. The company also announced today that it has purchased an additional 4,908 BNB tokens, with an estimated total value of $5.3 million as of 10:00 PM ET on October 20, 2025.
Mining pool LuBian wallet transfers another 15,959 BTC worth $1.83 billion
According to Onchain Lens monitoring, the mining pool LuBian wallet started transferring again, transferring 15,959 BTC worth US$1.83 billion to 4 different wallets: 4,999 BTC worth US$539.76 million was transferred to bc1qs8; 4,999 BTC worth US$539.76 million was transferred to 3JX2dH; 3,424 BTC worth US$369.7 million was transferred to 1cpnxU; 2,535 BTC worth US$274.36 million was transferred to 1G9FZS.
Arthur Hayes: Japan's new economic stimulus plan may push Bitcoin price to $1 million
According to Cointelegraph, Japan's new Prime Minister Sanae Takaichi announced a package of economic stimulus measures on Tuesday to mitigate the impact of inflation on households. Some cryptocurrency observers say this move could drive more money into Bitcoin. The stimulus measures, which include subsidies for electricity and gas bills and regional grants, aim to ease price pressures and encourage small and medium-sized businesses to raise wages. BitMEX co-founder Arthur Hayes believes this move signals further fiat money issuance by the Bank of Japan, a move that could send Bitcoin's price soaring to $1 million. In a Tuesday tweet on X-platform, Hayes said: "Translated: Japan printing money to help its citizens cope with rising food and energy costs. This dynamic could push Bitcoin to $1 million and trigger a surge in the yen." Hayes has previously predicted that the Bank of Japan's shift to quantitative easing (QE) could be the next major catalyst for Bitcoin and risky assets. The Bank of Japan's next monetary policy meeting is scheduled for October 29th. Most analysts expect the Bank of Japan to raise interest rates by 0.75% by early 2026, but there is no clear consensus on the exact timetable, Reuters reported on Monday.
According to Globenewswire, AI Web3 startup Bluwhale announced the completion of a $10 million Series A funding round, backed by a global financial institution and L1/L2 blockchain companies. The lead investor in this round was UOB Venture Management, with participation from many existing investors, and new backers including PAID Network, Sublime Ventures, High Cosmos Capital, CMY Ventures, DataSpike, NewHeritage, and Amazon AI. Bluwhale is a decentralized intelligent network built on blockchain infrastructure for AI. Bluwhale's Token Generation Event (TGE) will take place on October 21, 2025, launching BLUAI, the native token of its decentralized AI network.
Crypto KOL: BNB chain "Pokémon platform" GachaDrop suspected of running away
According to crypto influencer AB Kuai.Dong, the BNB-based Pokémon platform is suspected of absconding. Tonight, a Pokémon card platform called GachaDrop, a competitor to Solana's Cards, launched and released its tokens. Because the website offered card draws and purchases, it was initially considered a legitimate project by the community. However, one hour after the launch of its DROP token, which had 1,700 participants, the project announced issues with the token contract and decided to issue a new token. This caused the old DROP token's market capitalization to plummet from $3 million to zero. The new DROP token also saw a brief surge before returning to zero. On-chain data indicates that only a handful of meme bloggers and scientists who bought into the initial market capitalization saw any gains.
Spencer, CEO of Orange Cap Games, the parent company of Moonbirds, announced in a post that one of the largest transactions in Moonbirds' history is underway. On May 31st, blockchain game development studio Orange Cap Games announced it had acquired Moonbirds, Mythics, and Oddities from Yuga Labs, with plans to incorporate the series into its expanding Web3 gaming ecosystem.
According to Fortune magazine, US Senate Democrats sent a letter to Steve Witkoff, Trump's special envoy for the Middle East, on Wednesday, demanding more details about his personal cryptocurrency investments. The letter, led by Senator Adam Schiff and signed by eight senators, asks Witkoff to explain why his latest ethics disclosure shows he still holds stakes in cryptocurrencies and other cryptocurrency entities associated with Trump. The senators say this failure to divest raises questions about his compliance with federal ethics laws and his ability to prioritize the interests of the American people over his personal financial interests. Steve Witkoff and World Liberty Financial stated in May that he was "fully divesting" from the project. However, his latest ethics disclosure, dated August 13th, shows he has divested $120 million worth of his stake in the real estate company but has not yet sold his cryptocurrency holdings. Senate Democrats claim Witkoff's continued business interests in cryptocurrencies may raise a conflict of interest, as his role as a top diplomat in the Middle East allegedly overlaps with World Liberty Financial's business ties with the United Arab Emirates. They have given Witkoff until October 31st to respond.
Stablecoin payment provider Cybrid completes $10 million Series A funding
According to Axios, Cybrid, a company that provides infrastructure for stablecoin and fiat currency payments, has raised $10 million in Series A funding, its CEO Avinash Chidambaram revealed.
aPriori (APR) will be available in Binance Wallet's exclusive TGE 41.
According to official news, aPriori (APR) will be available for purchase in the 41st Binance Wallet-exclusive TGE. The subscription period is from 4:00 PM to 6:00 PM (UTC+8) on October 23, 2025. Eligible users must use Binance Alpha Points to participate. An additional 25,000,000 APR will be allocated for future activities, details of which will be announced separately. TGE details and the event page will be released soon.
CryptoQuant analyst ShayanMarkets claims that Bitcoin's market value to realized value (MVRV) ratio, a metric used to measure whether an asset is overvalued, recently fell below its 365-day moving average, suggesting the Bitcoin market may be forming a "cyclical bottom." "The MVRV ratio is currently near 1.9, slightly below its 365-day moving average," the analyst said in a Monday report. "Historically, each time the ratio dips below the 365-day simple moving average (SMA), it has signaled a buy opportunity and a local bottom." The last time this happened was in mid-2021, June 2022, and early 2024, following Bitcoin price increases of 135%, 100%, and 196%, respectively. This persistent pattern suggests Bitcoin is once again "entering a phase of undervaluation, where long-term holders typically begin accumulation." If history repeats itself, Bitcoin's price could embark on a long-term recovery. Analysts predict a short-term price target of approximately $115,000, or even as high as $190,000, if the final phase of the bull market begins.
Senior US Democrats warn: Trump could cause another "catastrophic crash" in the crypto market
According to DL News, the cryptocurrency crash has become a political issue in the United States. Democrats warn that the government shutdown could trigger another market catastrophe, and that the paralysis of federal regulators exposes investors to significant risks. Maxine Waters, the top Democrat on the House Financial Services Committee, issued a statement on the 21st day of the shutdown, blaming Republicans. She said that Trump and congressional Republicans, by integrating cryptocurrencies into the traditional financial system without an adequate regulatory framework, have amplified risks and could lead to similar crashes spreading more quickly to the traditional financial sector in the future. Following the October 10th market crash, Waters stated that the sell-off cost investors billions of dollars, prompting traders to flee to traditional safe-haven assets. Furthermore, the flash crash sparked calls for an investigation into insider trading after analysts discovered that a single wallet had deposited millions of dollars into the Hyperliquid decentralized exchange shortly before the crash. This wallet had established significant leveraged short positions in Bitcoin and Ethereum, potentially profiting over $150 million following the price crash. Waters called on the SEC and CFTC to conduct a thorough investigation and hold the perpetrators accountable. But because these institutions have effectively ground to a halt, investors have lost key protections and are "extremely vulnerable to another catastrophic collapse."
Fidelity Digital Assets announced today that digital assets are increasingly becoming a focal point of discussion between financial advisors and their clients, driven by their potential opportunities and risks. Furthermore, as the digital asset ecosystem continues to develop, over 50% of investors surveyed by Fidelity Digital Assets agree that the asset class has long-term growth potential—making it even more important for advisors to be prepared to help clients navigate this evolving asset class. The Fidelity Digital Assets team believes that Bitcoin offers an entry point for traditional asset allocators seeking exposure to digital assets because it is fundamentally different from any other existing digital asset. Other digital assets are unlikely to surpass Bitcoin's advantages as a monetary commodity, as it is the most secure, decentralized, and robust digital currency (relative to other digital assets). Any "improvement" will inevitably face trade-offs.
Cryptocurrency trading firm FalconX to acquire ETF issuer 21shares
According to the Wall Street Journal, cryptocurrency trading firm FalconX has agreed to acquire 21Shares, one of the largest managers of digital asset ETFs. Executives from both firms stated in an interview that the combined company will focus on developing cryptocurrency funds centered around derivatives and structured products. The transaction was financed through a combination of cash and equity, but terms were not disclosed.
According to an official announcement, Binance Alpha has updated its points system: if a user's daily balance reaches 0, their trading volume points and task points will also be reset to zero. The new rules are effective immediately.
According to the Russian newspaper Izvestia, the Russian Ministry of Finance and the Central Bank of the Russian Federation have reached an agreement to allow the use of cryptocurrencies for payments in foreign trade. Finance Minister Anton Siluanov announced the news on October 21st. Following a strategic meeting on "Improving Economic Efficiency and Ensuring a Fair Business Environment," Siluanov stated, "We believe that this sector should be legalized and its activities regulated by law. Therefore, we will work with the Federal Financial Monitoring Service of Russia and other regulatory bodies to ensure and restore order in this area." Siluanov emphasized that the use of cryptocurrencies for settlements is crucial, as cryptocurrencies can be used not only for payments but also for transferring money abroad. Therefore, Siluanov stated that strengthening regulatory control will be crucial as this market becomes legalized.
