Important news:
- Hong Kong's first Solana exchange-traded fund, the "Huaxia Solana ETF," is expected to be listed on the Hong Kong Stock Exchange on October 27.
- Grass (GRASS) will unlock approximately 181 million tokens at 9:30 PM Beijing time on October 28, accounting for 72.4% of the current circulating supply and valued at approximately US$79.3 million.
- The Federal Reserve will announce its interest rate decision on October 30, and Federal Reserve Chairman Powell will hold a monetary policy press conference;
- Mt. Gox repayments are due by October 31st, and the remaining 34,689 BTC may be distributed to the market.
- The US SEC extended the review period for Nasdaq's Ethereum Trust pledge proposal to October 30;
- Sui (SUI) will unlock approximately 43.96 million tokens at 8:00 AM Beijing time on November 1st, accounting for 1.21% of the current circulating supply and worth approximately US$113 million.
- EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12:00 noon Beijing time on November 1st, accounting for 12.10% of the current circulation and worth approximately US$41.6 million.
October 27
Exchange:
The Hong Kong Securities and Futures Commission (SFC) has officially approved the first Solana (SOL) spot ETF, issued by China Asset Management (Hong Kong). This marks the third approved cryptocurrency spot ETF, following Bitcoin and Ethereum, and the first of its kind in Asia. The ETF (ticker: 03460) is expected to list on the Hong Kong Stock Exchange on October 27th. It will feature both a RMB counter (83460) and a USD counter (9460). Each trading lot is 100 units, with a minimum investment of approximately US$100. The virtual asset trading platform is OSL Exchange, with a management fee of 0.99% and an annual recurring expense ratio of approximately 1.99%.
Binance Alpha to Launch XNAP, COMMON, and 42 Airdrops on October 27th
According to the official announcement, Binance Alpha will be the first platform to list the following projects: SnapX (XNAP) airdrop on October 27th; Common (COMMON) airdrop on October 27th; and Semantic Layer (42) airdrop on October 27th. Eligible users can use Binance Alpha Points to claim the airdrops after Alpha trading opens. Specific details will be announced separately.
In addition, Binance Futures will launch Semantic Layer (42) on October 27 , with a maximum leverage of 50x.
Syndicate (SYND) will be listed on the Bybit spot platform on October 27th
Bybit will list Syndicate (SYND) on the spot market at 9 AM UTC on October 27th. To celebrate the launch, the platform will simultaneously launch two major events: the 1,300,000 SYND Token Splash Trading Competition and the 2,300,000 SYND Launchpool. Users can earn rewards through staking, depositing, and trading.
Project News:
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.
X Layer mainnet will undergo a technical upgrade on October 27th
According to an official announcement from X Layer, as protocol integration and ecosystem expansion continue to advance, plans are underway to upgrade the underlying public chain technology to further enhance overall system performance and scalability, aiming to become a leading platform for high-performance blockchain solutions. The upgrade is scheduled to begin at 23:30 (UTC+8) on October 27, 2025, and is expected to last approximately one hour. Block production will resume on the mainnet upon completion. Any adjustments to the upgrade progress or schedule will be promptly announced through official announcement channels.
The announcement states that during the upgrade, the X Layer mainnet will suspend block production, and all related services will be temporarily interrupted, including OKX exchange-related asset deposits and withdrawals, DEX trading services, OKX Wallet-related functions, and OKX Pay services. Users with any questions are welcome to contact OKX customer service. The X Layer team stated that it will continue to work to improve platform stability, security, and operational reliability to achieve the long-term ecological vision of "The New Money Chain."
October 28
Policy supervision:
The Federal Reserve will hold its policy meeting on October 28-29.
Exchange:
Binance Alpha to List Piggycell (PIGGY) on October 28th
Binance Alpha will list Piggycell (PIGGY) on October 28th. Eligible users can claim the airdrop using Binance Alpha Points on the Alpha event page after Alpha trading opens. Detailed information will be announced separately.
Binance Futures will delist GMTUSD and DOGSUSD coin-margined perpetual contracts on October 28th
Binance Futures will automatically liquidate the GMTUSD and DOGSUSD coin-margined perpetual swaps at 17:00 (GMT+8) on October 28, 2025, and will delist these perpetual swaps after the liquidation is complete.
Project News:
Following a successful trial on the Holesky testnet two weeks ago, Ethereum developers launched a second test of the Fusaka upgrade on the Sepolia testnet early Tuesday. A final rehearsal on the Hoodi testnet is planned for October 28th, marking the final step before developers finalize a mainnet activation date. Fusaka introduces PeerDAS, a data verification method that allows validators to process only a portion of the data, reducing bandwidth requirements and lowering costs for institutional users and the Layer 2 network.
Token unlocking:
Grass (GRASS) will unlock approximately 181 million tokens at 9:30 PM Beijing time on October 28, accounting for 72.4% of the current circulation and worth approximately US$79.3 million.
Jupiter (JUP) will unlock approximately 53.47 million tokens at 10:00 PM Beijing time on October 28, accounting for 1.72% of the current circulating supply and worth approximately $23 million.
Sign (SIGN) will unlock approximately 290 million tokens at 6:00 PM Beijing time on October 28th, accounting for 21.48% of the current circulating supply and worth approximately $12.1 million.
October 29
Policy supervision:
The Bank of Japan will hold its next monetary policy meeting on October 29.
Japan's new Prime Minister Sanae Takaichi announced a package of economic stimulus measures to mitigate the impact of inflation on households. Some cryptocurrency observers say the move could drive more money into Bitcoin. The stimulus measures, which include subsidies for electricity and gas bills, as well as regional grants, are intended to ease price pressures and encourage small and medium-sized businesses to raise wages. BitMEX co-founder Arthur Hayes believes the move signals further fiat money issuance by the Bank of Japan, a move that could send Bitcoin's price soaring to $1 million. "Translation: Japan printing money to give to its people to help them cope with rising food and energy costs, a dynamic that could push Bitcoin's price to $1 million and trigger a strengthening of the yen," Hayes said in an X-platform tweet on Tuesday.
Hayes 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 29. According to Reuters on Monday, 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 timeline.
Project News:
Believe has officially announced that LAUNCHCOIN can now be upgraded to BELIEVE on a 1:1 basis through its official website. The upgrade will last two weeks, until October 29, 2025. After the upgrade, LAUNCHCOIN holders who haven't completed the upgrade can still claim BELIEVE through the official website during the final claim period, which will also last two weeks. This upgrade is designed to better support the long-term development of the Believe ecosystem. The initial total supply of BELIEVE is set at 1.33 billion, a 25% increase from LAUNCHCOIN. 17% of this will be allocated to incentivize current and future contributors, 5% to early investors, and 3% to foundation projects. Contributor allocations will vest over a four-year period with a one-year lockup, while investor allocations will have a one-year lockup, with foundation tokens immediately entering circulation. After the upgrade, all unclaimed tokens will be permanently destroyed, aiming to limit the total supply to approximately 1 billion. LAUNCHCOIN will no longer receive support or maintenance after the upgrade period, and holders are advised to carefully review the upgrade details.
October 30
Policy supervision:
US SEC extends review deadline for Nasdaq Ethereum Trust pledge proposal to October 30
U.S. Securities and Exchange Commission (SEC) documents indicate that Nasdaq has submitted a proposal to the SEC to amend the rules governing the iShares Ethereum Trust to allow for the staking of Ethereum held by the trust. The SEC has decided to extend its review period, with a decision to approve, reject, or initiate further review of the proposal by October 30th at the latest.
Exchange:
Binance: To combat sniper bots, the fee structure of the fair model will be adjusted on October 30
Binance stated on its X platform: "To combat sniping bots, the Fair Mode fee structure will be adjusted within the first few blocks. For more details, please refer to the Four.Meme official announcement." According to the Four.Meme announcement: "The Fair Mode fee structure will be adjusted on October 30th. After the token is created, the increased fee will apply to the first block, and then gradually decrease over a few seconds until it returns to the normal rate."
Coinbase will release its third-quarter financial results after the market closes on October 30.
Coinbase Global, Inc. announced that it will release its third quarter 2025 shareholder letter, including financial results, on its Investor Relations website after the market closes on October 30, 2025. The company will hold a question-and-answer session to discuss its financial results at 2:30 p.m. Pacific Time on the same day.
Project News:
223rd Ethereum ACDE Meeting: Glamsterdam upgrade EIP proposal submission deadline is October 30th
According to the minutes of the 223rd Ethereum Executive Core Developers (ACDE) meeting summarized by Christine Kim, developers have set next Thursday (October 30) as the deadline for submitting EIP proposals for the Glamsterdam upgrade, and plan to finalize the scope of code changes included in the upgrade by November 27.
Lit Protocol announced that its network token, LITKEY, will launch its second Community Token Launch (Aero Ignition) on the Base Chain at 08:00 (UTC+8) on October 30th via AerodromeFi. The first LITKEY/WETH pool has been pre-injected with liquidity and incentives. veAERO holders can vote to direct Aerodrome emissions to this pool; after launch, anyone can provide liquidity to the pool.
Strategy will announce its Q3 2025 financial results on October 30th local time.
Strategy, a Bitcoin finance company, announced that it will release its third quarter 2025 financial results after the close of U.S. financial markets on Thursday, October 30, 2025, and will host a live video webinar to discuss the results at 5:00 p.m. ET.
Developer Activities:
Solana Foundation: Applications for the 12th Cypherpunk International Hackathon Open Until October 30th
The Solana Foundation has launched the 12th annual Cypherpunk International Hackathon, open for registration on the Colosseum platform, and running until October 30th. The Cypherpunk online hackathon focuses on six key areas: DeFi hosted by Arcium, Reliable Web Apps hosted by Forward Industries, Consumer Applications hosted by Raydium, Stablecoins hosted by Reflect, Infrastructure hosted by Triton, and Freedom Track hosted by the Solana Foundation. The top project will receive a $30,000 grand prize from Phantom. Three special prizes will also be awarded: Best Public Welfare Project, Best Campus Project, and Best Solana Mobile App Project. Hackathon winners will also have the opportunity to be selected for Colosseum's accelerator program, which offers $250,000 in pre-seed funding, resource links, and one-on-one mentorship.
Token unlocking:
Zora (ZORA) will unlock approximately 167 million tokens at 8:00 AM Beijing time on October 30, accounting for 4.55% of the current circulating supply and worth approximately $15.9 million.
Kamino (KMNO) will unlock approximately 229 million tokens at 8:00 PM Beijing time on October 30th, accounting for 5.99% of the current circulating supply and worth approximately $14.2 million.
October 31
Policy supervision:
US Senate Democrats have sent a letter to Steve Witkoff, Trump's special envoy for the Middle East, demanding more details about his personal cryptocurrency investments. Led by Senator Adam Schiff and signed by eight other senators, the letter asks Witkoff to explain why his latest ethics disclosure documents show 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 personal financial gain.
Steve Witkoff and World Liberty Financial stated in May that Witkoff was "fully divesting" his stake in the project. However, his latest ethics disclosure on August 13th revealed that he had divested $120 million worth of his stake in the real estate company but had not yet sold his cryptocurrency holdings. Senate Democrats claim that Witkoff's continued business interests in cryptocurrencies may raise a conflict of interest due to his role as a top diplomat in the Middle East, which allegedly overlaps with World Liberty Financial's business ties with the UAE. They have given Witkoff until October 31st to respond.
Exchange:
The Mt. Gox trustee must complete the three-stage process of repaying Bitcoin creditors, including basic repayment, early lump-sum repayment, and interim repayments, by October 31st. Currently, approximately 34,689 BTC remain in associated wallets. Bitcoin and Bitcoin Cash were distributed via Bitstamp, Kraken, or in cash, with some held in custody by BitGo. Historical data shows that approximately 64.1% of these payments were deposited into exchanges. If applied to the remaining balance, a worst-case scenario would see approximately 22,253 BTC simultaneously deposited, potentially creating approximately $2.4 billion in selling pressure. Kraken and Bitstamp have processing windows of up to 90 and 60 days, respectively. Actual deposits will be staggered and may also bypass the order book through custody or over-the-counter (OTC) channels.
Token unlocking:
Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 AM Beijing time on October 31st, accounting for 1.71% of the current circulating supply and worth approximately $14.2 million.
Immutable (IMX) will unlock approximately 24.52 million tokens at 8:00 AM Beijing time on October 31st, representing 1.24% of the current circulating supply and valued at approximately $13.3 million.
November 1
Project News:
YGG Play, backed by Yield Guild Games, announced the launch of its Launchpad platform, designed to support casual gaming. Its first project will be League of Legends Land's in-game loyalty and rewards token, League of Legends Land. Officials emphasized that League of Legends Land is a gaming utility token traded exclusively on decentralized exchanges (DEXs), with no plans to list it on centralized exchanges.
According to the schedule, the Launchpad will open and begin accumulating points on October 15th; the contribution period will run from October 29th to 31st; and the League of Legends token will officially launch and begin trading on the DEX on November 1st. The total supply of League of Legends tokens is 5 billion, with a fully diluted valuation (FDV) of $900,000. Regarding token distribution, 10% will be allocated for Play-to-Airdrop, 10% for Launchpad activities, and 10% for the development team. YGG Play itself will not receive any share.
Token unlocking:
Sui (SUI) will unlock approximately 43.96 million tokens at 8:00 AM Beijing time on November 1st, accounting for 1.21% of the current circulating supply and worth approximately $113 million.
EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12:00 noon Beijing time on November 1st, accounting for 12.10% of the current circulation and worth approximately US$41.6 million.
November 2
Policy supervision:
Brazil's central bank has proposed new regulations for the foreign exchange (forex) industry, potentially further restricting cryptocurrency exchanges. The proposal, released for public consultation, solicits feedback. While the proposal does not directly address cryptocurrency trading and exchanges, as currently formulated, the rules would affect trading platforms that allow customers to transfer money internationally or sell cryptocurrencies for currencies other than the Brazilian real. The new regulations would bring the largely unregulated forex industry under regulatory oversight, forcing providers to apply for licensing, submit customer transaction data, use designated entry/exit points for deposits and withdrawals, and cap single transactions at $10,000. The central bank aims to increase transparency among forex platforms, prompting local media to warn that cryptocurrency exchanges involved in money transfers could be affected, and that those operating overseas could also be subject to restrictions. The consultation period runs until November 2nd.
Nasdaq filed a rule change application with the U.S. Securities and Exchange Commission (SEC) on June 7th, proposing to add XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM) to its crypto index benchmark. This adjustment involves the Hashdex Nasdaq Crypto Index ETF (NCIQ), which will expand its tracking from the existing Nasdaq Crypto US Settlement Price Index (NCIUS) to the Nasdaq Crypto Index (NCI), which will include nine tokens.
Currently, the NCI Index includes nine cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). However, due to current SEC regulations, the ETF can only hold BTC and ETH, resulting in tracking error risk. If approved, the ETF will be able to invest in all index components, with a final decision expected by November 2, 2025. This move could be a key step towards diversification in US crypto ETFs.
