Cathie Wood reveals she has invested in Japanese Ethereum treasury firm Quantum Solutions
Ark Invest founder and CEO Cathie Wood published an article on the X platform revealing that she has invested in Quantum Solutions, a Japanese Ethereum treasury company, to further expand innovative channels in the global capital market. Quantum Solutions CEO Francis B. Zhou also revealed that after purchasing 2,365 ETH, he will continue to increase his ETH holdings.
According to Bloomberg, the Nevada Department of Financial Institutions issued a cease-and-desist order to crypto custodian Fortress Trust (now known as Elemental Financial Technologies) on October 22, citing a severe liquidity shortage and inability to meet client withdrawal obligations. Documents show that Fortress owes clients approximately $8 million in fiat and $4 million in crypto assets, while holding less than $200,000 in cash and approximately $1 million in crypto assets. The company has acknowledged its inability to complete fund reconciliation and failed to submit financial statements for July through September. Current CEO Anthony Botticella stated that upon taking over, he discovered the company was in serious financial distress, stemming from prior management errors. The company was previously the subject of a 2023 hacking incident that led to Ripple's termination of its proposed acquisition. Previously, Fortress had its remittance license revoked in Maine due to compliance issues.
Trust Wallet Launches Perpetual Contract Trading with Up to 100x Leverage
Trust Wallet has launched Perps (perpetual swaps), covering over 100 markets with up to 100x leverage. Users can trade in self-custody mode, with liquidity provided by Aster DEX. TWT fee discounts will be supported in the future. To use Perps, visit Update App → Swap → Perps. A margin deposit is required to open a position, either long or short. This product is not available in the US, UK, or restricted regions, is considered a high-risk product, and is subject to the Trust Wallet Terms of Service.
According to the minutes of the 223rd Ethereum Execution Core Developers (ACDE) meeting, summarized by Christine Kim, developers have set the deadline for submissions for the Glamsterdam upgrade EIP (EIP) next Thursday (October 30th) and plan to finalize the scope of the upgrade's code changes by November 27th. Meeting highlights include: Fusaka Mainnet Timeline Confirmed - Ethereum Foundation Coordinator Alex Stokes proposed a December 3, 2025, date for the Fusaka mainnet upgrade, followed by Blob Parameter Optimization (BPO) on December 9th and January 7, 2026, respectively. All Execution Layer (EL) client teams (including Geth, Nethermind, Reth, Besu, and Erigon) have confirmed this schedule as feasible. The Hoodi testnet will activate the Fusaka version on October 28th, the final test upgrade before the mainnet launch; the Holesky testnet is expected to shut down next week. Glamsterdam Upgrade Path - Developers plan to launch a multi-client developer testnet to test the Block-Level Access Lists (BALs) feature. Proposal Submission Deadline: October 30th Client Team Feedback Deadline: November 6th Final Scope Confirmation: November 27th The Ethereum Cat Herders team will hold open office hours on October 28th to assist EIP authors in submitting proposals. Key Technical Discussions - EF researcher Maria Silva proposed two solutions to improve gas unit precision and converted these research into EIPs for consideration by Glamsterdam. Separately, EIP 8058 proposed providing developers who deploy the same contract multiple times with a "deduplication discount" to reduce state bloat. Removal Proposals - EIP 7667 and EIP 6873 (both related to the Verkle data structure) were removed as they no longer fit the current roadmap. Stokes concluded that the core goal was to finalize the technical scope of Glamsterdam by the end of November, laying the foundation for a mainnet upgrade at the end of the year.
Coinbase CEO Brian Armstrong posted on the X platform that despite the ongoing US government shutdown, momentum for clarity on the market structure bill is at an all-time high. Coinbase has already engaged with Senate Democrats and Republicans who are eager to complete the bill, and the bill is 90% finalized. All parties are working to finalize the final 10%, and are approaching their goal. He added that Coinbase will push for clear rules to protect innovation in the DeFi sector and users' rights to stablecoin rewards. He is optimistic about the bill's passage before the end of the year and hopes it will be submitted for review before Thanksgiving.
According to Onchain Lens, a Bitcoin wallet dating back to the Satoshi Nakamoto era (approximately 14.4 years inactive) recently reactivated, holding a total of 4,000 BTC (approximately $440.4 million), of which 150 BTC (approximately $16.56 million) have been transferred to a new address. On-chain data indicates that this whale has also been selling Bitcoin through another wallet, which previously received 4,050 BTC (4,000 + 50) from the now active wallet, suggesting it may belong to the same early holder or entity.
According to The Block, Nasdaq-listed Solmate Infrastructure (SLMT) announced that it has selected a data center, assembled a bare-metal validator, and tested the configuration, using Sol (SOL) tokens purchased at a historic discount. The company will advance the construction of a validator center in the UAE and implement an "aggressive M&A strategy," using its Sol (SOL) reserves to fuel growth in acquired businesses. Solmate previously completed a $300 million PIPE financing round with support from the Solana Foundation and others, and recently secured an additional $50 million in discounted Sol (SOL). The news sent the stock price soaring to an intraday high of approximately $12.55 before closing up approximately 40% at $11.70, with a market capitalization of approximately $754 million.
Clanker joins Farcaster ecosystem, launching $CLANKER buyback and deflation mechanism
According to Farcaster's official announcement, Clanker, a leading launchpad platform within the Base ecosystem, has officially joined Farcaster, further deepening its integration with decentralized social and on-chain communities. Farcaster plans to further integrate Clanker into its app in subsequent versions, making it easier for users to create and participate in on-chain communities. The announcement introduces three key updates to the Clanker ecosystem: Effective immediately, Clanker protocol fees will be used to repurchase and hold $CLANKER tokens; the Clanker team has destroyed the accumulated ecosystem token fee pool from versions v0 to v3.1, reducing the circulating supply; and the team has permanently locked approximately 7% of $CLANKER tokens with unilateral limited partners to enhance liquidity and further reduce the circulating supply. The official FAQ clarifies: $CLANKER is not Farcaster's official token, and the two parties remain independent; two-thirds of Clanker protocol fees will be used to purchase $CLANKER, with the remaining one-third used for tax purposes; and Farcaster itself has no token plans and will continue to support developer and creator incentives through fees from subscriptions, storage, and collections.
Coinbase Lists aPriori (APR) and Meteora (MET)
According to an announcement from Coinbase Markets, aPriori (APR) and Meteora (MET) are now available on the Coinbase platform. Spot trading will begin on October 23rd, Eastern Time, with the first batch of APR-USD and MET-USD trading pairs open. The specific launch time depends on liquidity conditions.
Spark transfers $100 million in stablecoin reserves to Superstate crypto arbitrage fund
According to The Block, DeFi lending protocol Spark (part of the Sky ecosystem) announced it will allocate $100 million from its stablecoin reserves to Superstate's USCC (Crypto Carry Fund) to generate returns through spot-futures basis trading. USCC currently has a TVL of approximately $411 million. Spark previously generated returns primarily through tokenized US Treasury products such as Blackstone BUIDL and Franklin FOBXX. Superstate claims USCC has an annualized return of approximately 8.35% over the past 30 days and operates within a compliant framework. It also manages USTB (Tokenized US Treasury Fund). Spark has also deployed approximately $1.1 billion to Ethena's USDe/sUSDe and $25 million to the Maple Finance pool this year.
OpenAI acquires Sky, a natural language interface for macOS
OpenAI announced the acquisition of Software Applications Incorporated (developer of Sky). Sky provides a natural language interface for Mac that can understand screen content and call applications. OpenAI said it will bring Sky's deep macOS integration capabilities to ChatGPT, and the entire team of about 12 people will join OpenAI. Software Applications was founded in 2023 by a group of former Apple employees, some of whom were involved in the development of the iPhone's "Shortcuts" application technology. Software Applications previously raised $6.5 million in funding from a group of well-known investors, including OpenAI CEO Sam Altman and Figma CEO Dylan Field. Earlier this year, Software Applications released Sky, an AI assistant designed to help users perform actions or answer questions. The feature includes a floating interface that can understand what's on the user's screen. Sky is not yet public.
Kraken: Argentine Peso and BASE network deposits are delayed, and the team is urgently fixing it
Kraken, a cryptocurrency exchange, is currently addressing two funding channel delays, according to its official status page: Argentine Peso (ARS) Deposit Delays – Kraken reported delays in ARS deposits starting at 02:35 Beijing Time (GMT+8). All other funding channels are operating normally. (At 04:17, the team has identified the cause of the issue and is implementing a fix.) BASE Network Deposit and Withdrawal Delays – Kraken also reported delays in the BASE Network funding gateway starting at 04:08 Beijing Time (GMT+8). User deposits and withdrawals may be temporarily impacted. Other currencies and network functions are unaffected.
A single entity is suspected of claiming $10 million worth of MET airdrops
According to Bubblemaps, a single entity claimed $10 million in a MET airdrop, potentially the largest airdrop claim of the year. Wallets 3vAauD and 2zVx7U each claimed $7 million and $2 million in MET, respectively. The two wallets were linked through transfers of $530,000 in RAY and 1,000 USDC.
According to Bloomberg, data from Architect Partners shows that crypto industry mergers and acquisitions exceeded $10 billion for the first time in the third quarter, a more than 30-fold increase from a year ago. The article mentioned the acquisition of 21shares by cryptocurrency market maker FalconX, saying the deal highlights a broader trend: cryptocurrency experts are entering traditional investment channels through regulated products. Trump's policies and the resulting M&A frenzy have changed the strategic calculations of companies like 21shares. With regulatory barriers easing, Wall Street giants are entering the cryptocurrency space—forcing incumbents to build their own competitive barriers.
Three addresses associated with Trump's team received $4.2 million worth of MET airdrops
According to Arkham monitoring, the top five recipients of the METEORA airdrop are from the Trump team. Three addresses associated with the Trump team recently received $4.2 million worth of MET airdrops. These addresses include developer addresses and two addresses that provided significant liquidity on the first day of Trump's launch. These three addresses have now deposited all of the airdropped tokens into OKX.
Wall Street Journal: US President Trump pardoned convicted Binance founder
According to the Wall Street Journal, US President Trump has pardoned convicted Binance founder Changpeng Zhao, who for months had been working to support the Trump family's crypto company. People familiar with the matter said the president signed the pardon on Wednesday, and that Trump had recently expressed sympathy to advisors regarding the witch-hunt narrative surrounding Zhao and others. White House press secretary Carolyn Levitt stated that Trump "exercised his constitutional authority to pardon Changpeng Zhao, who was indicted during the Biden administration. The Biden administration's war on cryptocurrency is over." Zhao was previously convicted of violating the US Bank Secrecy Act by failing to implement effective anti-money laundering (AML) procedures. On November 21, 2023, Zhao admitted to Binance's failure to implement effective AML procedures and resigned as CEO. Binance agreed to pay a fine of over $4 billion. On April 30, 2024, Zhao was sentenced to four months in prison.
BNB continued to rise and broke through $1,122, up 3.81% on the day
The OKX market data shows that BNB has continued to rise and broken through $1,122. It is now trading at $1,122.10 per coin, up 3.81% on the day.
Fireblocks acquires Dynamic to expand on-chain developer stack
According to CoinDesk, digital asset infrastructure company Fireblocks has acquired Dynamic, a development platform used by companies such as Kraken, Magic Eden, and Ondo Finance, with the goal of accelerating enterprise adoption of on-chain applications. The acquisition creates what Fireblocks calls the first complete "custody-to-consumer" technology stack, combining Fireblocks' secure infrastructure with Dynamic's wallet, authentication, and user onboarding tools. Financial details of the acquisition were not disclosed. Fireblocks stated that the acquisition of Dynamic will help fintech companies, payment service providers, and Web3 startups embed digital assets into their products—from stablecoin accounts to decentralized finance (DeFi) transactions—without having to build complex infrastructure.
Arthur Hayes withdraws 2.16 million WILD tokens from Kucoin and Gate, worth $463,000
According to Onchain Lens monitoring, in the past hour, Arthur Hayes has withdrawn 2.16 million WILD from Kucoin and Gate, worth US$463,000.
The MANTRA community has released a new proposal, proposing to change the token abbreviation from OM to MANTRA and implement a 1:4 token split, proportionally adjusting the hard cap maximum supply from 2.5 billion to 10 billion. It is important to emphasize that this 1:4 token split will not result in any dilution of the token supply. The total market value of any holder's shares will remain unchanged immediately after the split.
Aave Labs acquires Stable Finance to expand consumer access to on-chain savings
According to CoinDesk, Aave Labs, the company behind the DeFi project Aave, said it has acquired Stable Finance. This is a San Francisco-based startup dedicated to simplifying on-chain savings operations for everyday users. The terms of the transaction were not disclosed. The move recruited Stable's founder Mario Baxter Cabrera and his engineering team to Aave Labs, where they will assist in developing new DeFi products for consumers. Cabrera will join as product director. Aave Labs founder Stani Kulechov said the acquisition reinforces the company's goal of integrating "on-chain finance into everyday finance." Stable's technology will be integrated into future Aave Labs products, and its existing applications will be gradually phased out. This acquisition is Aave's third talent-focused deal, following the acquisition of Sonar in 2022 and Family in 2023, and aims to continue to expand its product design capabilities.
Paxos will allow employees to receive their salaries in the stablecoin USDG
According to Blockworks, thanks to an integration with Toku, Paxos is launching a feature that allows employees to receive part of their salary in the form of a stablecoin, USDG. This integration will use the same payroll platforms - ADP and Workday, but will allow employees to receive USDG directly to their personal wallets. For employees who choose to receive their salary in USDG, unlike traditional paychecks, settlement will be completed instantly. There is no need to wait to receive the stablecoin. Paxos stated in a press release: "By adopting USDG payroll for our team, Paxos provides users with the most direct way to contact and experience USDG in their daily lives. As more companies connect to Toku's payroll channel, thousands of employees around the world will be able to receive USDG directly at the source of their income."
Meteora (MET) listed on Bybit spot trading
According to official news, Bybit officially launched Meteora (MET) spot trading on October 23rd. To celebrate the launch, the platform simultaneously launched a 400,000 MET Tokensplash trading competition, where users can earn rewards by depositing and trading. Meteora is a liquidity infrastructure protocol built on Solana, powering a new generation of on-chain markets. It provides a suite of dynamic AMMs and issuance tools, including Dynamic Liquidity Market Makers (DLMMs), Dynamic Automated Market Makers (DAMMs), and Dynamic Bonding Curves (DBCs), designed to make liquidity in the Solana ecosystem more efficient, adaptable, and sustainable. Meteora combines mature DeFi experience with a focus on performance, composability, and long-term ecosystem synergy to help Solana build a more intelligent and robust liquidity network.
According to The Block, Pave Bank, a programmable bank built for the digital asset and AI era, has completed a $39 million Series A funding round led by Accel, with participation from Tether Investments, Wintermute, Quona Capital, and Helios Digital Ventures. Pave Bank, which describes itself as a commercial bank, aims to serve clients with dual fiat and digital asset needs. The Georgia-licensed bank stated it will use the funds to "expand regulatory coverage, accelerate product development, continue building institutional-grade infrastructure, and expand its global client reach."
MegaETH, the Ethereum scaling solution developed by MegaLabs, has disclosed that the issuer will not directly retain crypto assets from its public sale, as all 500 million MEGA tokens (5% of the total supply) will be distributed to purchasers. However, entities associated with the broader MegaETH ecosystem will retain the following shares of the total token supply: a) Team and Advisors: 950 million MEGA tokens (9.5%) – with a one-year lockup period and a linear vesting period over three years; b) Foundation/Ecosystem Reserve: 750 million MEGA tokens (7.5%) – for ecosystem development, strategic partnerships, and protocol sustainability; and c) Key Performance Indicator (KPI) Staking Rewards: 5.33 billion MEGA tokens (53.3%) – reserved for performance-based staking rewards that will be distributed over time based on network metrics. This brings the total ecosystem token reserve to 7.03 billion MEGA tokens (70.3% of the total supply). This data does not include tokens allocated to venture capital firms (VCs) (14.7%), tokens of Echo investors (5%), tokens of Fluffle buyers (2.5%), and tokens of the Sonar reward pool (2.5%), as these tokens have been allocated to third-party investors and participants. Previously, MegaETH will launch the MEGA token public sale on October 27, with an initial FDV of $1 million.
Fidelity Digital Assets now supports custody and trading of Solana tokens
Fidelity Digital Assets, a subsidiary of Fidelity Investments, now supports custody and trading of Solana tokens.
David Sacks, the White House director of cryptocurrency and artificial intelligence, said: "I met with members of the Senate on Capitol Hill today and had productive talks with key Democratic members. I believe we are fully capable of passing crypto market structure legislation with bipartisan support this year. This will finally bring much-needed regulatory clarity to the cryptocurrency industry and build on the success of the United States Stablecoin Innovation GENIUS Act signed by President Trump earlier this year."
RedStone Oracle Partners with Kalshi to Bring Prediction Markets On-Chain
According to Crowdfundinsider, prediction market platform Kalshi has reached a cooperation with oracle service provider RedStone to connect Kalshi’s platform to more than 110 blockchain networks. By connecting to Kalshi’s market, developers can obtain real-time event data from numerous blockchain networks.
According to CoinDesk, Plasma, a blockchain company specializing in stablecoin networks, announced a significant expansion into Europe to provide regulated payment services. The company announced Thursday that it has acquired an entity in Italy with a Virtual Asset Service Provider (VASP) license, enabling it to legally process cryptocurrency transactions and custody assets in the region. As part of its EU expansion plans, the company will open a new office in Amsterdam, the Netherlands, and has appointed a Chief Compliance Officer and an Anti-Money Laundering Reporting Officer. Plasma did not disclose the name of the acquired entity, and a spokesperson did not immediately respond to a request for comment. The company also plans to apply for Crypto Asset Service Provider (CASP) status under the EU's new Markets in Crypto-Assets (MiCA) regulation, as well as an Electronic Money Institution (EMI) license. These initiatives will enable Plasma to conduct asset exchanges, issue cards, and hold customer funds under regulatory safeguards. Plasma stated that its goal is to use these licenses to support its new stablecoin-based bank, Plasma One.
Robinhood Launches HYPE Spot Trading
According to official news, Robinhood has launched HYPE spot trading.
According to Caixin.com, the Hong Kong Securities and Futures Commission (SFC) has approved the issuance and listing of the "Hua Xia Solana ETF" on the Hong Kong Stock Exchange. Although Hong Kong regulators have allowed virtual currency spot ETFs to provide staking services, the issuance of the Hua Xia Solana ETF does not include staking. Industry insiders revealed that this may be due to the suspected hacking of a staking service provider, Klin, which triggered the theft of coins from the Swiss-based cryptocurrency platform SwissBorg, leading Hong Kong regulators to believe that the staking function needs to be more carefully evaluated.
Binance Futures will delist GMTUSD and DOGSUSD coin-margined perpetual contracts
According to the official announcement, Binance Futures will automatically liquidate the GMTUSD and DOGSUSD coin-margined perpetual contracts at 17:00 (GMT+8) on October 28, 2025, and will delist the above-mentioned perpetual contract trading pairs after the liquidation is completed.
Ocean Protocol issued a statement explaining its withdrawal from the ASI Alliance, refuting "false accusations" and accusing its partners, SingularityNET and Fetch, of violating the Alliance's core commitment to retaining control of their assets. Ocean pointed out that after the merger, SingularityNET engaged in reckless financial maneuvers and significantly drained market liquidity, including issuing an additional $100 million in tokens and maintaining a massive monthly burn of $6 million. Fetch founder Sheikh was accused of disregarding decentralization by not only selling a large number of tokens but also attempting to force Ocean to convert all assets from its independently operated community treasury, OceanDAO, into FET tokens. Ocean requested withdrawal as early as April 2024 due to a loss of cooperative foundation, but was met with legal threats. Ultimately, Fetch and SingularityNET attempted to unilaterally shut down the token bridge in August 2025, violating the Alliance's charter, forcing Ocean to file legal action and withdraw from the Alliance. Ocean pointed out that the 93% price drop from its peak in FET tokens was primarily due to the massive sell-off by SingularityNET and Fetch and the failure of Fetch's own high-risk "TRNR" trade, not its withdrawal. Throughout this process, Ocean has consistently adhered to the principle of decentralization, which states that individuals have undisputed sovereignty over their assets. This withdrawal is intended to prevent further harm to the interests of the Ocean community. Ocean will continue to focus on the independent development of its technology and products. Bubblemaps previously stated that Ocean Protocol is suspected of selling over $100 million in community tokens, and Fetch AI has publicly accused it of misconduct.
EU imposes sanctions on A7A5 stablecoin pegged to the Russian ruble
According to Interfax.RU, the European Union has imposed sanctions on the A7A5 stablecoin, which is pegged to the Russian ruble. The 19th round of sanctions against Russia, announced Thursday, prohibits transactions with A7A5 starting November 25th of this year. The A7A5 ruble stablecoin, issued by A7 and backed by VTB Bank (VTB), was launched in Kyrgyzstan in February 2025. Backed by deposits with VTB, it is pegged 1:1 to the Russian ruble. The United States imposed sanctions on A7 and several related companies in August.
Revolut prepares to launch crypto services in Europe after securing MiCA license
According to DL News, fintech giant Revolut is poised to launch its cryptocurrency services across the EU after receiving a license under the EU's Markets in Crypto-Assets Directive (MiCA). Revolut announced Wednesday that it had received the MiCA license from the Cyprus Securities and Exchange Commission. This license allows Revolut to promote its cryptocurrency services in 30 countries within the European Economic Area. Revolut's MiCA license also heralds the imminent launch of "Crypto 2.0." The company stated that the new service will offer users access to over 280 cryptocurrencies, zero-fee staking, and zero-difference stablecoin to USD conversions.
According to Cryptopolitan, Max Glass, a former executive at cryptocurrency consulting firm RWA Company, filed a lawsuit in Delaware Chancery Court, accusing the company of wrongfully terminating his contract in order to seize control of a lucrative stablecoin project, which eventually became the blockchain payments infrastructure platform M0. Glass claims that RWA Company's controlling members, Gregory DiPrisco and Joseph Quintilian, orchestrated a "breach of trust" to force him out of the company and take over the stablecoin business. He alleges that the two "forced him to relinquish his rights" before launching M0, fraudulently obtained the company's intellectual property, and transferred the original project, originally a collaboration with German fintech company CrossLend, to M0. He emphasizes that "M0 was built on the work of the collaboration between RWA Company and CrossLend," yet he was excluded from any ownership or profit sharing. Glass seeks damages and recognition of his legal interest in the original stablecoin project. His lawyers claim that the defendants concealed the true relationship between RWA, CrossLend, and M0 for years.
Sources: Kraken's September funding round included investors such as HSG and Jane Street.
According to Reuters, Apollo Global Management, Oppenheimer, Jane Street, and HSG, formerly Sequoia Capital China, all participated in the latest funding round for the cryptocurrency exchange Kraken. The round values Kraken at $15 billion. Fortune magazine reported last month that Kraken had raised $500 million, but Reuters is revealing the identities of these major investors and financial industry players for the first time. One source said Qube Research & Technologies, Kraken co-CEO Arjun Sethi, and Tribe Capital, the venture capital firm co-founded by Sethi, also participated in the round, paving the way for Kraken to go public in the coming months. Kraken expects to confidentially file a registration statement for its initial public offering (IPO) with the U.S. Securities and Exchange Commission before the end of the year and aims to go public in the first quarter of next year. However, one of the sources added that it is unclear how the U.S. government shutdown may affect this timeline.
