Today's news tips:
Kenyan parliament passes crypto asset bill to boost investment
Bhutan Migrates Its Self-Sovereign Identity System from Polygon to Ethereum
Binance HODLer Airdrop Now Available: Enso (ENSO), the 52nd Airdrop
Ethereum's Fusaka upgrade is now live on the Sepolia testnet
Citigroup plans to launch cryptocurrency custody service in 2026
Musk: Bitcoin relies on unforgeable energy, while legal tender has the problem of false issuance
Multicoin Capital is suspected of purchasing 210,000 AAVE, worth approximately $51.32 million
Macro & Regulation
White House nears nomination of Mike Selig for CFTC chairman
According to Crypto In America, the White House is close to nominating Mike Selig, chief legal counsel for the SEC's Crypto Task Force, to chair the CFTC and is simultaneously reviewing commissioners. The CFTC is currently led solely by Acting Chair Caroline Pham. Selig previously served as a CFTC law clerk before working in digital asset law at Perkins Coie and Willkie Farr.
Kenyan parliament passes crypto asset bill to boost investment
According to Reuters, Kuria Kimani, chairperson of the Finance Committee of the Kenyan National Assembly, said that Kenyan lawmakers passed the Virtual Asset Service Providers Bill last week to address concerns about the industry caused by the lack of clear regulatory provisions and attract more investment into the field. President William Ruto now needs to sign the bill to make it law. The bill stipulates that the central bank will authorize the issuance of stablecoins and other virtual assets, while the capital markets regulator will issue licenses to institutions that want to operate cryptocurrency exchanges and other trading platforms. Kimani said that legal clarity is expected to attract more investment into the fintech sector, including investment from crypto exchanges such as Binance and Coinbase. Kimani also said that Kenya's law draws on the mature practices of other countries such as the United States and the United Kingdom.
Bhutan Migrates Its Self-Sovereign Identity System from Polygon to Ethereum
According to Cointelegraph, the South Asian nation of Bhutan is migrating its self-sovereign identity system from Polygon to Ethereum, a move that will enable its nearly 800,000 residents to verify their identities and access government services. Ethereum Foundation President Aya Miyaguchi revealed that the integration with Ethereum has been successfully completed, and the migration of all residents' identity credentials is expected to be complete by the first quarter of 2026. Miyaguchi attended the launch ceremony alongside Ethereum co-founder Vitalik Buterin, along with Bhutanese Prime Minister Tshering Tobgay and Crown Prince Jigme Namgyel Wangchuk. Bhutan has been running its national identity system on Polygon since August 2024, having previously used Hyperledger Indy. Brazil and Vietnam are among the few countries to have partially integrated blockchain-based self-sovereign identity solutions.
California Governor Signs Bill to Protect Unclaimed Cryptocurrency from Forced Liquidation
California Governor Gavin Newsom has signed a bill making California the first state to explicitly protect unclaimed cryptocurrency from forced liquidation, ensuring that digital assets remain in their original form before being transferred to state custody, rather than being converted to cash. Senate Bill 822, drafted by Senator Josh Becker, updates California's decades-old Unclaimed Property Act to include digital financial assets, applying the same regulatory framework to abandoned bank accounts and securities as Bitcoin. The bill, which passed unanimously in both chambers in September and was signed by Newsom on Saturday, clarifies that digital financial assets are intangible property and are subject to the law, addressing the challenges of handling dormant cryptocurrency accounts (accounts that have been unreachable or inactive for three years).
Project News
Binance HODLer Airdrop Now Available: Enso (ENSO), the 52nd Airdrop
According to an official announcement, Binance HODLer Airdrop has launched its 52nd project – Enso (ENSO), a unified network connecting all blockchains, enabling developers to build composable applications for millions of users across Web2 and Web3. Users who subscribe to guaranteed principal earning (fixed and/or demand) or on-chain earning products using BNB between 08:00 on October 7, 2025, and 07:59 on October 10, 2025 (GMT+8) will receive the airdrop. HODLer airdrop information is expected to be available within 24 hours, and the new tokens will be distributed to users' spot wallets at least one hour before trading begins. Binance will list ENSO at 17:00 on October 14, 2025 (GMT+8) and open trading against USDT, USDC, BNB, FDUSD, and TRY. Seed tag trading rules apply. The ENSO recharge channel will be open at 13:00 on October 14, 2025 (GMT+8).
Binance: ENSO HODLer airdrop tokens account for 1.75% of the total Genesis token supply
Binance Launches the 53rd HODLer Airdrop Project Yield Basis (YB)
Binance announced that it will list the DeFi project Yield Basis (YB) at 11:00 AM (UTC) on October 15, 2025. Trading pairs will be available against USDT, USDC, BNB, FDUSD, and TRY, with deposits opening at 12:00 PM (UTC) on October 14. YB has a maximum supply of 1 billion, a genesis supply of 700 million, and a circulating supply of 87,916,667. BNB users who subscribe to Simple Earn and/or On-Chain Yields between October 9 and 11 will receive an airdrop totaling 10 million YB (1% of the maximum supply). Rewards will be distributed at least one hour before trading.
Aster stated on the X platform that an internal review determined that the unexpectedly early claiming time was due to a time zone error. To ensure fairness, airdrop claims have been opened earlier for all eligible users. The updated claim schedule is as follows: ASTER airdrop claims will open at 7:00 PM UTC on October 13th (3:00 AM Beijing Time on October 14th). Transaction fee refunds will be processed after claims open and must be completed by 12:00 PM UTC on October 14th (8:00 PM on October 14th). The multiple changes to the second phase airdrop schedule have caused inconvenience to users, and a comprehensive internal review will be conducted to ensure this issue does not recur.
Later in the news, Aster stated that any unclaimed Stage 2 tokens after November 14 will be redistributed to support the ecosystem’s growth and development plans .
Aster: Transaction fee refunds for the second phase of the airdrop program have begun to be issued
Coinbase Markets announced that Coinbase Exchange will temporarily suspend service at approximately 7:00 AM Pacific Time on October 25, 2025 (10:00 PM Beijing Time on October 25, 2025) for a planned technical system upgrade. All trading services on Coinbase.com (simple and advanced trading), Coinbase Exchange, and Coinbase Prime will be suspended. All transfers on the Coinbase exchange will be suspended, and any ongoing transfers will be delayed. This maintenance outage will be divided into two phases. The entire process is expected to take up to four hours to complete, but this time estimate is subject to change.
Citigroup plans to launch cryptocurrency custody service in 2026
According to CNBC, Biswarup Chatterjee, global head of partnerships and innovation for Citibank's banking services business, revealed that as Wall Street giants increase their presence in the digital currency sector, the bank plans to launch crypto asset custody services in 2026. Development has made progress over the past two to three years, and the bank hopes to launch reliable and trustworthy custody solutions for clients such as asset managers in the coming quarters. In the upcoming custody service, Citibank will hold native cryptocurrencies. Currently, the bank is considering developing its own custody technology and is also seeking collaboration with third parties. Chatterjee also pointed out that stablecoins may be attractive in regions with underdeveloped banking and payment systems. As Citibank's clients expand into these countries and interact with local suppliers and customers, similar stablecoin products may become feasible. However, the bank is still in the early stages of exploring stablecoins.
Binance Lab (LAB) TGE participation threshold: 246 Alpha Points
Metaplanet Inc., a publicly listed Japanese company, has seen its market capitalization fall below the value of its Bitcoin reserves. Data shows that its stock price hit a record high in mid-June but has plummeted about 70% since then, causing the ratio of the company's market capitalization and debt to its token holdings (mNAV) to fall to 0.99 at one point on Tuesday.
CME Launches SOL and XRP Options Trading
BNB Chain and Four Meme have launched a $45 million BNB "Rebirth Support" airdrop program to support users who have recently suffered losses from Meme transactions.
Ethena Labs: USDtb smart contracts have been migrated to Anchorage Digital
Ethena Labs announced on the X platform that the USDtb smart contract has officially migrated to Anchorage Digital today. This migration marks the completion of the stablecoin's "localization" compliance process, making it a compliant stablecoin issued under the US federal regulatory framework under the GENIUS Act. As required by the GENIUS agreement, Anchorage Digital has full control over the minting and redemption processes. Therefore, management of the USDtb smart contract has been transferred to the keys held by Anchorage Digital Bank. The smart contract has subsequently been upgraded to reflect the parameters required for future operations.
OpenSea reminds users to bind their EVM wallet to receive EVM on-chain rewards . If the EVM wallet is not bound, users will not be able to receive relevant rewards.
STBL will launch repurchase and USST staking and liquidity at the end of October
STBL Founder and CEO Avtar Sehra announced a buyback program will begin at the end of October, with proceeds distributed in USST. The team will also launch the Multi-Factor Staking (MFS) module, enabling USST holders to participate in staking. The team will also announce USST liquidity channels, supporting withdrawals and continued staking.
Griffin AI Launches GAIN 1:1 Exchange and Million-Dollar Buyback
According to GriffinAI, $GAIN will reopen for trading on Binance Alpha 2.0 at 12:00 (UTC) on October 13, 2025. Griffin AI (GAIN) announced a 1:1 token swap (subject to Binance verification) for eligible users who purchased GAIN on Binance Alpha 2.0 before the trading halt, and launched a $1,000,000 buyback program, part of the previously announced $2,500,000 recovery and buyback program.
Binance Alpha Now Lists "Xiu Xian" and "Hakimi"
Binance Alpha has launched two BSC on-chain tokens: "Xiuxian" (contract address: 0x4444…f91b) and "Hakimi" (contract address: 0x82ec…4444).
Dogecoin Foundation's subsidiary will be listed on Nasdaq through merger and acquisition
According to The Block, House of Doge, the "official corporate arm" of the Dogecoin Foundation, will enter the capital markets through a reverse merger with Brag House Holdings (NASDAQ: TBH), a university-focused esports company. The merger will issue approximately 594 million shares of common stock and approximately 69.25 million convertible securities, with House of Doge becoming the controlling shareholder and Marco Margiotta appointed CEO. The combined entity will provide Dogecoin-denominated merchant services, payment infrastructure, data and licensing, treasury management, and hold a significant amount of DOGE. Brag House's stock price fell 60% to $0.97, giving it a market capitalization of approximately $10 million. Previously, House of Doge partnered with 21Shares to launch Europe's first Dogecoin ETP and has partnered with CleanCore and Robinhood for treasury and custody services.
Meteora Updates MET Token Economics: Splitting 20% of Tokens for Mercurial Stakers
Meteora, the Solana ecosystem’s liquidity protocol, has updated its MET token economics. The 20% token allocation to Mercurial stakers has been split into 15% for Mercurial stakers and 5% for the Mercurial Reserve. The Mercurial Reserve will be included in the circulating supply but will not be released during the TGE.
Binance Alpha will list Yei Finance (CLO) at 7 PM today, with an airdrop threshold of 200 points.
Binance Finance, One-Click Token Purchase, Flash Swap, Leverage, and Enso (ENSO) Futures Launch
Enso has opened airdrop applications and launched staking functions
Tether will release a fully open-source wallet development kit (WDK) this week.
Binance platform has restored the original candlestick charts of multiple tokens’ market prices.
Viewpoints & Analysis
On-chain detective Eye posted an update on the X platform, stating that thanks to the help of multiple anonymous sources, the investigation into the insider trading ring has taken a decisive step forward. Garret Jin does not appear to be the mastermind, but may simply be a front. If the leaker did not disclose the information directly to Garret Jin but instead passed it on to others, this strengthens the "front" hypothesis. The key information provided to him likely came from a group of insiders who have long exploited confidential information from White House rumors and official announcements. This information was forwarded by aides with access to the US President to a group of insiders to establish extremely advantageous trading positions. These actions were likely led by Zach Witkoff (co-founder of World Liberty Financial, the Trump family's crypto project) and Chase Herro (another co-founder of World Liberty Financial). The group would inform participants of the inside information in order to maximize trading opportunities before significant price fluctuations. Eye claims that Trump's eldest son was also involved in these activities, but it is now almost certain that Zach Witkoff and Chase Herro are the participants. Eye added: For personal safety reasons, he will no longer publish content on this topic and will leave more information research to the public. Many excellent investigative journalists will draw inspiration from here. He said that he has drilled too deep into this rabbit hole and it is not safe to continue.
According to Cryptobriefing, JPMorgan Chase's head of digital asset markets confirmed that the bank plans to enter the cryptocurrency trading business, but has no plans to launch custody services in the near future. He stated that the company is instead exploring partnerships with third-party custodians to support its growing digital asset business. JPMorgan Chase acknowledged that through new business integrations, Bitcoin and related cryptocurrencies will significantly expand its market coverage.
OKX CEO Star wrote on the X platform: "X Layer has never opposed Memecoin. As open on-chain infrastructure, Memecoin is a unique and meaningful component of our ecosystem. What we oppose is exchanges abandoning their neutrality and objectivity by personally entering the market, mass-producing worthless tokens, manipulating market sentiment, and deceiving users through 'airdrops' and 'rewards,' or tokens promising 'hundredfold' or 'thousandfold' returns. These pyramid-like tactics, whether direct or indirect, manipulate the market and ultimately sacrifice the interests of the vast majority of users, allowing only a few early adopters to enjoy the so-called '10,000-fold life.' The true meaning of blockchain lies not in creating illusions but in rebuilding trust."
Musk: Bitcoin relies on unforgeable energy, while legal tender has the problem of false issuance
Zerohedge stated on the X platform: "Artificial intelligence has become the new global arms race, and capital expenditures will ultimately be paid for by governments. If you want to understand why the prices of gold, silver, and Bitcoin have skyrocketed, it's because governments are printing so much money to support this AI race, causing their currencies to depreciate. Has anyone calculated how many new nuclear power plants the United States will need to build by 2028 to power all these AIs' daily self-satisfaction transactions?"
In response, Musk commented: “This is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but energy cannot be faked.”
According to Jinshi, following last Friday's wave of margin calls, investors in the options market are preparing for further volatility and declines in Bitcoin and Ethereum, actively positioning themselves for protection against another potential plunge. Derive.xyz Head of Research Sean Dawson stated that volatility jumped across the board last Friday, and market sentiment regarding short-term volatility suggests a growing concern about downside risks. Data shows that traders are heavily buying "put options" on Bitcoin and Ethereum, suggesting the market is hedging against potential downside risks. In the Bitcoin market, there was a significant buying of put options with strike prices of $115,000 and $95,000, expiring on October 31st. There was a shift from buying to selling of call options with a strike price of $125,000, expiring on October 17th, indicating a pessimistic short-term outlook. Derive.xyz co-founder Nick Foster stated that traders are focusing on options with strike prices of $4,000 (expiring on October 31st) and $3,600 (expiring on October 17th). He also noted heavy buying of put options with a strike price of $2,600 and expiring on December 26, which suggest that bearish sentiment is persisting until the end of the year.
BlackRock CEO: Bitcoin and cryptocurrencies "do the same thing as gold"
According to Decrypt, BlackRock CEO Larry Fink has reiterated his cautious endorsement of cryptocurrency investments, retracting his October 2017 comments that Bitcoin was a "money laundering symptom." In an interview with CBS on Sunday, Fink stated, "I did say at the time that Bitcoin was the domain of money launderers and thieves, but markets teach people, and everyone always has to re-evaluate their assumptions. Cryptocurrency, like gold, has its place; it's an alternative." However, he also urged caution, arguing that cryptocurrencies aren't bad assets for those seeking diversification, but they shouldn't comprise a large portion of a portfolio. Fink's shift in tone aligns with Wall Street's overall softening of its stance on cryptocurrencies over the years, having previously been outright negative about Bitcoin.
Solana official and its founder Toly retweeted the tweet about Solana's Chinese name solicitation.
Important data
According to Businesswire, Nasdaq-listed ENDRA Life Sciences announced that it has signed a securities purchase agreement, in which investors agreed to subscribe for 744,340 shares of common stock and accompanying warrants to purchase up to 1,488,680 shares of common stock. If all warrants are exercised, the company will raise US$14.4 million to support its digital asset treasury. ENDRA Life Sciences previously disclosed that it will implement a Bitcoin-based revenue-generating strategy.
According to PRNewswire, Nasdaq-listed Ethereum treasury company BitMine Immersion Technologies disclosed updated data on its cryptocurrency holdings. As of October 12, Eastern Time, the company's cryptocurrencies held included 3,032,188 ETH and 192 Bitcoin. In addition, the company also held shares in Eightco Holdings worth US$135 million.
According to an announcement on Strategy's website, as of October 12, 2025, Strategy had raised approximately $27.2 million through an ATM stock offering, which it used to purchase 220 bitcoins at an average price of $123,561 per bitcoin. The company currently holds a total of 640,250 bitcoins, with a cumulative purchase cost of $47.38 billion and an average cost per bitcoin of $74,000.
MARA Holdings allegedly purchased 200 BTC from FalconX, valued at $23.03 million.
According to Onchain Lens monitoring, MARA Holdings' wallet "3MYao" purchased 200 BTC from FalconX, worth US$23.03 million.
Kalshi and Polymarket's combined trading volume in September reached $1.44 billion, a record high.
According to The Block, prediction markets Kalshi and Polymarket achieved a combined record trading volume of $1.44 billion in September, reflecting the growing mainstream interest in this emerging speculative sector. Last month, Kalshi's market share peaked at 60% against Polymarket in September, a significant reversal from the beginning of the year when Polymarket dominated trading activity. Kalshi's recent surge in trading volume is partly due to its partnership with Robinhood. This integration has enabled Kalshi to access Robinhood's large retail user base, which may explain the platform's growing market share.
Tether Treasury minted 1 billion USDT on Ethereum in the early morning
