A Bitcoin OG whale deposited another 200 BTC, worth $22.52 million, into Kraken.
According to Onchain Lens monitoring, a Bitcoin OG whale has deposited an additional 200 BTC, worth $22.52 million, into Kraken. In the past two weeks, this trader has deposited a total of 5,803 BTC, worth $649.6 million.
According to Xinhua News Agency, the "Proposal of the Central Committee of the Communist Party of China on Formulating the 15th Five-Year Plan for National Economic and Social Development" was released, which pointed out: Promote the deep integration of the real economy and the digital economy, vigorously develop science and technology finance, green finance, inclusive finance, pension finance, and digital finance, and steadily develop the digital RMB.
According to a report by 21st Century Business Herald, on October 28, the Beijing Municipal People's Procuratorate released "Typical Cases of High-Quality and Efficient Performance of Financial Procuratorial Duties" (2024-2025). One case involved "using virtual currency to engage in disguised foreign exchange trading, involving over 1.1 billion yuan." Between January and August 2023, Lin Jia, under the instruction of others, colluded with Lin Yi, Xia, Bao, and Chen to use multiple bank cards under their names to receive large amounts of RMB funds transferred from clients (such as Liu) connected to the "upstream" of an illegal currency exchange organization. This gang used virtual currency as a "bridge" to achieve the illegal purpose of cross-border fund transfers: Lin Jia and others converted the received RMB into USDT through multiple USDT trading platform accounts they actually controlled, and then completed the cross-border transfer of funds through platform transactions, essentially engaging in disguised foreign exchange trading and profiting from it. According to the report, the total illegal business activities of the gang amounted to over 1.182 billion yuan, of which five members, including Xia and Bao, participated in activities ranging from over 149 million yuan to over 469 million yuan. On March 21, 2025, the Haidian District People's Court of Beijing issued a first-instance verdict, sentencing all five defendants to prison terms ranging from two to four years for the crime of illegal business operations, and imposing corresponding fines.
According to The Block, the transaction fee landscape on mainstream Layer 1 blockchains has undergone significant changes this year. At the beginning of the year, Solana accounted for over 50% of transaction fees on mainstream Layer 1 blockchains, but this figure has now dropped to just 9%. This decline is partly attributed to intense competition from Hyperliquid and BNB Chain. At the start of the year, Hyperliquid and BNB Chain together accounted for approximately 10% of total transaction fees on mainstream Layer 1 blockchains. As of last week, their respective shares had exceeded 40% and 20%. This shift is likely due to a combination of factors, including market demand, user preferences, and structural changes, all of which have significantly impacted fund flows. The first clear sign of this change was the waning of the Memecoin trading frenzy on Solana, which peaked with the launch of Trump and has since failed to regain its former activity levels. Furthermore, derivatives trading fees are significantly higher than Memecoin trading fees, so even moderate user growth on Hyperliquid and user growth on BNB Chain through Aster can quickly alter the transaction fee share. BNB Chain also benefits from the integration of Binance Alpha and Binance Wallet, resulting in a significant flow of funds and activity among retail users.
WLFI: CEX partners will distribute 8.4 million WLFI tokens to adopters of the USD1 Credits program.
The Trump family's crypto project, WLFI, announced on the X platform that its CEX partners will distribute 8.4 million WLFI tokens to adopters of the USD1 Credits program. Eligible users can earn credits through: 1. using USD1 trading pairs on participating partner exchanges; 2. holding USD1 balances. The criteria, eligibility requirements, and distribution details for earning credits and rewards may vary by exchange. The initial distribution will be conducted through the following exchanges: Gate, KuCoin, LBank.com, HTX, Flipster, and MEXC. The WLFI Credits program will continue to expand with new initiatives from USD1, providing more places and ways to earn credits, new trading pairs and ways to use USD1, upcoming DeFi integrations, and broader reward opportunities to drive use and adoption. WLFI rewards are offered by specific exchanges to their users under specific terms and conditions, which may vary by exchange and are subject to change or termination at any time.
According to Decrypt, as the Australian government prepares to introduce new legislation on digital assets, the financial regulator ASIC has significantly updated its guidance, expanding the scope of existing financial services laws to apply to crypto businesses. The revised Info Sheet 225, released on Tuesday, clarifies under what circumstances digital asset products and services constitute financial products under the Companies Act and expands the term from "crypto assets" to include virtual assets, tokenized products, and coin-based assets under the broader category of "digital assets." While no new law has been enacted, the guidance aims to provide certainty ahead of the Treasury's Digital Asset Platforms and Payment Providers Act, which will introduce a licensing system for exchanges, custodians, and stablecoin issuers. ASIC reiterates that yield tokens, staking schemes, and asset-linked stablecoins require licensing. The final version of the guidance adds five new cases, bringing the total to 18, covering scenarios from exchange tokens and gaming NFTs to staking services, and specifies that custodians must meet a net asset threshold of AUD 10 million (unless it is an ancillary service). ASIC emphasizes that Australian law applies to offshore entities marketing to local users, and global platforms cannot circumvent regulation through geographic location.
Early Bitcoin investor Owen Gunden deposited 1447.56 BTC, worth $163 million, into Kraken.
According to Onchain Lens, early Bitcoin investor Owen Gunden (@bitbitrage) deposited 1,447.56 BTC (worth $163.19 million) into Kraken and transferred 2,361.73 BTC (worth $266.2 million) to a new wallet.
According to on-chain analyst Ember, a whale sold ETH he bought at the bottom of $1582 six months ago, making a profit of $14.43 million an hour ago. He has recently made significant profits on ETH twice, earning $28.92 million: accumulating 8240 ETH at $1195 in late 2022 and selling them at $2961 in July 2024, making a profit of $14.49 million; and accumulating 6000 ETH at the bottom of $1582 in April this year and selling them today at $3983, making a profit of $14.43 million.
MegaETH's public offering has raised $628 million, an oversubscription of 12.5 times.
According to official data, the MegaETH public sale has raised $628 million (the bidding demand, with an actual limit of $50 million), which is 12.5 times oversubscribed. The public sale will end in 1 day and 12 hours.
Bitcoin finance company Sequans is suspected of transferring 970 BTC to a Coinbase deposit address.
According to analyst Emmett Gallic, Bitcoin finance company Sequans holds over 3,200 Bitcoins and transferred 970 BTC eight hours ago. The transfer's destination address subsequently tested an unused address that resembles a Coinbase deposit address. This may be the company's first Bitcoin sale since its founding.
According to Onchain Lens monitoring, the "100% win rate whale" has completely closed its long position in BTC (13x leverage), making a profit of $1.4 million. Currently, the whale holds long positions in ETH (5x leverage) and SOL (10x leverage), worth $263 million, with a floating loss of $1.3 million.
Asset tokenization company Securitize will go public through a $1.25 billion SPAC deal.
According to The Block, Securitize becomes the latest crypto-native company to announce plans for an IPO, with a pre-IPO equity valuation of $1.25 billion. The asset tokenization giant plans to list in the US through a special purpose acquisition company (SPAC) launched by an affiliate of Cantor Fitzgerald. The merged company will be renamed Securitize Corp. and will trade on Nasdaq under the ticker symbol SECZ. The company also plans to tokenize its own equity. As part of the IPO process, Securitize stated that it plans to raise $469 million in gross proceeds to “strengthen the company’s balance sheet” and accelerate its business roadmap. This funding comes partly from a fully committed $225 million private equity investment public offering (PIPE) that attracted new investors including Arche, Borderless Capital, Hanwha Investment & Securities, InterVest, and ParaFi Capital. Citigroup and Cantor will act as joint placement agents for the PIPE transaction. Securitize announced that existing shareholders, including ARK Invest, BlackRock, Blockchain Capital, Hamilton Lane, Jump Crypto, and Morgan Stanley Investment Management, will transfer 100% of their interests into the combined company.
According to The Block, Tether released its Q3 attestation report for its Tether Gold (XAUT) token, stating that each token is fully backed by physical gold bars held in Switzerland. As of September 30, Tether's total gold reserves reached 375,572 troy ounces, valuing the token at approximately $1.44 billion based on Tether's reference prices at the end of Q3. There are currently 522,089 XAUT tokens in circulation, with an additional 139,751 available for sale, indicating that additional reserves have been allocated but distribution has not yet been completed. Data shows that since the report was submitted, rising gold prices have driven the full reserve market capitalization of XAUT tokens to $2.1 billion, more than doubling from less than $850 million in August. Currently, Tether Gold and PAX Gold together account for nearly 90% of the $3.7 billion tokenized gold market.
Western Union plans to launch USDPT, a stablecoin built on the Solana blockchain, in 2026.
According to the Wall Street Journal, Western Union plans to launch a US dollar-backed stablecoin to help its 100 million customers avoid the volatility and risks of local currencies when making international remittances. This stablecoin, called US Dollar Payment Token (USDPT), will be built on the Solana blockchain and issued by Anchorage Digital Bank. The digital token is expected to launch in the first half of 2026 and will be tradable through Western Union's partner exchanges. Western Union states that customers using this stablecoin to send money globally may experience reduced costs and faster transaction settlements.
Bitmine allegedly received 27,316 ETH worth approximately $109 million via a new wallet
According to Onchain Lens monitoring, the newly created wallet "0xDc8" received 27,316 ETH from BitGo, worth $108.92 million. This wallet is suspected to belong to Bitmine.
Bloomberg: Prediction market Polymarket plans to return to the US market by the end of November
According to Bloomberg, sources familiar with the matter revealed that prediction market platform Polymarket plans to re-enter the US market in the coming weeks, focusing on sports event predictions. The sources said Polymarket is expected to launch initial trading by the end of November, but will not be fully open to everyone. This timing could allow the company to capture more trading volume during the peak season for American football and basketball games. Polymarket has already opened a user registration waitlist and stated that registration will open soon.
Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform: "The Bitwise Solana Staking ETF (BSOL) saw $56 million in trading volume on its first day of listing, while the Canary HBAR ETF (HBR) and Canary Litecoin Spot ETF recorded $8 million and $1 million in trading volume, respectively. BSOL's $56 million first-day trading volume is the highest among all newly listed ETFs this year, surpassing products such as XRPR, SSK, Ives, and BMNU. The ETF had an initial capital of $220 million, and it could have committed all of its initial funds on the first day, which would have resulted in a capital size of approximately $280 million, even exceeding the size of ETHA's debut. In any case, this is a strong start."
According to The Block, debit and credit card giant Visa plans to support multiple stablecoins to increase payment settlement and fund transfer options on the Visa network. Visa CEO Ryan McInerney stated during Tuesday's fourth-quarter earnings call, "We are adding support for four stablecoins that operate on four different blockchains, represent two currencies, and can be accepted and converted to more than 25 traditional fiat currencies." McInerney also emphasized that "in the fourth quarter, Visa card spending pegged to stablecoins quadrupled year-over-year." McInerney also stated on Tuesday that Visa has facilitated over $140 billion in cryptocurrency and stablecoin flows since 2020. He added that this includes users purchasing over $100 billion in cryptocurrency and stablecoin assets using Visa credentials. Visa currently has over 130 stablecoin-pegged card issuance programs in more than 40 countries, and Visa has begun allowing banks to mint and burn their own stablecoins.
The Ethereum Fusaka hard fork was activated on the final testnet before the mainnet launch.
According to The Block, Ethereum's next hard fork, named Fusaka, went live on the Hoodi testnet on Tuesday, marking the final step before its mainnet activation is expected by the end of the year. Hoodi is the third and final testnet deployment, following activations on the Holesky and Sepolia testnets earlier this month. The Ethereum Foundation previously stated that the Fusaka mainnet launch would be at least 30 days after the completion of the Hoodi testnet, with core developers tentatively setting the hard fork date for December 3rd. Fusaka aims to implement backend improvements to enhance the scalability, efficiency, and security of this largest smart contract blockchain, including increasing block gas limits, expanding blob capacity, and introducing new node security features. This upgrade includes at least a dozen Ethereum improvement proposals, the most notable being EIP-7594, which introduces Peer-to-Peer Data Availability Sampling (PeerDAS) to improve data availability within the Ethereum Layer 2 ecosystem.
Coinbase will delist six trading pairs, including MASK-USDT and MINA-USDT
According to a Coinbase Markets announcement, to improve overall market health and consolidate liquidity, the following trading pairs will be delisted around 00:00 Beijing time on October 30, 2025: MASK-USDT, MASK-EUR, MINA-USDT, GMT-USDT, AXS-BTC, and SNX-BTC. Eligible Coinbase Premium users in certain regions can still trade MASK, MINA, GMT, AXS, and SNX in the USD-denominated order book. AXS-BTC has been set to limit order only on coinbase.com (including Coinbase Premium) and the Coinbase exchange. Users can place and cancel orders, and trades may be executed, but market orders cannot be submitted.
Coinbase to Launch DeBridge (DBR) Spot Trading
According to a Coinbase Markets announcement, Coinbase will launch deBridge (DBR) spot trading on October 29. The DBR-USD trading pair will open at 9:00 AM Pacific Time, depending on liquidity conditions, and will be available via coinbase.com, the Coinbase App, and Coinbase Advanced. Institutional investors can access it through Coinbase Exchange.
Binance.US Opens USD1 Deposits, Trading Launches Tomorrow
According to a Binance.US announcement, deposit functionality for the USD1 stablecoin is now open, and the USD1/USDT trading pair will officially launch at 7:00 AM Eastern Time on October 29th. USD1 is issued by WorldLibertyFi, pegged to the US dollar, and fully backed by regulated reserve assets (including US Treasury bonds).
OpenAI spokesperson: OpenAI has no plans to go public or focus on an IPO
According to Jinshi News, OpenAI founder Sam Altman will not receive shares as a result of OpenAI's profit restructuring. An OpenAI spokesperson stated: OpenAI has no plans to go public or focus on an initial public offering.
Animoca Brands announces a significant investment in AERO and locks it up as veAERO
According to an announcement by Animoca Brands, it has established a position of AERO in the market and maximized its lock-up to veAERO to support the development of the decentralized exchange AerodromeFi. This platform accounts for over 50% of the TVL of the Base chain DEX and solidifies its core liquidity position in the Base ecosystem through the ve mechanism for distributing transaction fees and token incentives, supporting voting-oriented liquidity allocation, and the innovative AERO Ignition project launch method. Animoca is optimistic about its sustainable token economy and execution capabilities.
MetaMask has announced the launch of MetaMask Rewards Season 1 on mobile, with a reward pool exceeding $30 million worth of LINEA tokens. The 90-day event is open to both new and existing users. Users accumulate points through Swap, bridging, contract trading, and referrals to level up and unlock exclusive benefits. All LINEA points earned and held during this season will continue to be credited to future rewards. iOS users can participate by updating to the latest version of the app; the Android version will be available soon. Points also include historical activity records prior to October 15th, with a maximum reward of 50,000 points. The event operates on a seasonal basis, with seven tiers in the first season. Top rewards include a 65% discount on trading fees and a free MetaMask metal card.
The first batch of SOL, LTC and HBAR spot ETFs officially opened for trading on Wall Street.
According to Eleanor Terrett, Wall Street has welcomed the first Solana (SOL), Litecoin (LTC) and Hedera (HBAR) spot ETFs, which officially opened for trading today, marking the further expansion of crypto asset ETFs to mainstream projects beyond Bitcoin and Ethereum.
Microsoft's market capitalization surpasses $4 trillion, while Paypal's stock price rises 7.5%.
U.S. stocks opened higher, with the Dow Jones Industrial Average up 0.4%, the S&P 500 up 0.29%, and the Nasdaq Composite up 0.5%. Microsoft (MSFT.O) rose 3.7% after signing a new agreement with OpenAI, pushing its market capitalization above $4 trillion. PayPal (PYPL.O) jumped 7.5% after the company reached an agreement to embed its digital wallet into ChatGPT.
According to The Block, Nasdaq-listed shipping company OceanPal has completed a $120 million PIPE (Public-Private Partnership) to establish a wholly-owned subsidiary, SovereignAI, in partnership with the NEAR Foundation to build a digital asset vault and confidential AI cloud platform based on NEAR. OceanPal plans to purchase NEAR tokens long-term, aiming to hold at least 10% of the total supply. Investors include Kraken, Proximity, Fabric Ventures, G20 Group, and the NEAR Foundation. The SovereignAI advisory board consists of Illia Polosukhin, among others. OceanPal will maintain its dry bulk and tanker businesses while simultaneously developing blockchain and AI infrastructure.
Solana Shenzhen event was extremely popular, so the organizer decided to cancel the hackathon
According to an official announcement, the Solana Accelerate APAC Shenzhen event was exceptionally popular. Due to the overwhelming turnout and reports received, police conducted a routine inquiry and, for public safety reasons, the organizers cancelled the hackathon demo session at 5 PM. Solana stated that the Greater China tour has concluded successfully and they will continue to promote the development of the Chinese-language ecosystem and the popularization of technology.
Microsoft to hold 27% of OpenAI, valuing the company at approximately $135 billion
Microsoft (MSFT.O) shares rose 4.6% in pre-market trading after the company signed a new agreement with OpenAI, under which OpenAI will purchase an additional $250 billion worth of Azure services, with Microsoft holding approximately $135 billion, or a 27% stake, in OpenAI. Microsoft (MSFT.O) stated its support for OpenAI's move towards becoming a Public Interest Corporation (PBC). Microsoft retains intellectual property and exclusivity rights to the Archure API until AGI (Artificial General Intelligence) is achieved. OpenAI can now provide API access to clients in the U.S. government's national security sector, regardless of their cloud service provider. OpenAI is now able to release open weight models that meet necessary capability standards.
OpenAI completes restructuring, nonprofit foundation stake valued at $130 billion
According to an official announcement from OpenAI, the company has completed its capital restructuring. The OpenAI non-profit organization is now renamed the "OpenAI Foundation," holding shares in its for-profit subsidiary, OpenAI Group PBC, which is currently valued at approximately $130 billion, making it one of the most well-funded charitable foundations in history. The foundation will initially invest $25 billion in two main areas: "healthcare" and "AI resilience," continuing to advance its mission of "AGI for the benefit of all mankind."
French lawmakers suggest the country purchase 420,000 BTC over the next 7 to 8 years
French lawmaker Éric Ciotti, in conjunction with the center-right UDR party, has introduced a bill proposing that the country purchase approximately 420,000 Bitcoins over the next seven to eight years, representing about 2% of the total supply. Funding sources include utilizing surplus nuclear and hydroelectric power for national-level Bitcoin mining, disposing of seized crypto assets, and directing funds from savings accounts to purchase BTC daily. If passed, France would become the first European country to include Bitcoin in its national reserves.
Trump Media Group to enter prediction market business
Truth Social, the social media platform owned by Trump Media, announced an exclusive partnership with CDNA (Crypto.com | Derivatives North America), a CFTC-registered exchange owned by Crypto.com, becoming the world's first social media platform to offer a prediction market feature. This feature, called "Truth Predict," allows users to make predictions based on events such as political elections, interest rates, commodity prices, and sporting events, with prices updated in real time. Truth gems earned through interactions on the platform can also be exchanged for Cronos (CRO) to purchase prediction contracts.
SharpLink plans to deploy $200 million in ETH on the Linea network
According to a SharpLink announcement, the company will partner with ether.fi, EigenLayer, and Anchorage to deploy $200 million worth of ETH to the Consensys-backed Linea network to earn yields from ETH staking, restaking, and a combination of DeFi activities. This deployment will be custodied through Anchorage, integrating Linea incentives, EigenCloud AVS rewards, and ether.fi yield products.
According to CoinDesk, TIS, a Japanese payment infrastructure provider with an annual transaction volume of $2 trillion, has partnered with the Avalanche team to launch a multi-token platform based on AvaCloud, supporting the issuance and settlement of stablecoins, tokenized deposits, and future central bank digital currencies (CBDCs). The platform complies with Japan's Payment Services Act and aims to promote the transformation of financial infrastructure towards programmability and real-time settlement. TIS will collaborate with banks, businesses, and government agencies to promote the global adoption of the system.
Binance Alpha will delist 18 tokens including CA and HAT at 7:30 PM tonight.
According to Binance's Chinese announcement, the Binance Alpha platform will delist the following 18 tokens on October 28th at 19:30 (UTC+8): $CA, $HAT, $Aimonica, $House, $LMT, $degenai, $ALON, $RIF, $LUCE, $ASRR, $YNE, $MAXONSOL, $GRIFT, $URO, $PAIN, $vvaifu, $HAPPY, and $MCH. After delisting, Binance Alpha will still support the sale of these tokens.
Circle Launches Arc Blockchain Public Testnet, Joined by Visa, BlackRock, and Others
According to CoinDesk, Circle (the issuer of USDC, CRCL) has launched a public beta test of its payment-oriented Arc blockchain, with over 100 institutions participating, including Visa, HSBC, BlackRock, AWS, Anthropic, Coinbase, and Kraken. Arc is positioned as a foundational layer for financial services, offering USD billing, sub-second settlement, optional privacy, and integration with the Circle payment system. Visa is testing stablecoin settlements to accelerate cross-border payments, while BlackRock is exploring stablecoin settlements and on-chain FX. Circle states its long-term goal is decentralization, with open validators and governance.
Pakistani stablecoin company ZAR has raised $12.9 million in funding, led by a16z.
According to Bloomberg, a16z led a $12.9 million funding round for ZAR, a stablecoin infrastructure company that aims to popularize stablecoins in Pakistan through small shops. Other investors included Dragonfly, VanEck Ventures, Coinbase Ventures, and Endeavor Catalyst. ZAR's platform allows users to exchange cash for digital dollars and make purchases via wallet and Visa card, aiming to address the payment needs of Pakistan's large unbanked population. If the model proves successful, ZAR plans to expand to Africa in 2026.
PayPal will integrate ChatGPT and support AI-powered shopping payments starting next year
According to CNBC, PayPal has signed an agreement with OpenAI to embed the PayPal digital wallet into ChatGPT. Starting next year, PayPal buyers and merchants can complete transactions on ChatGPT without merchants needing to sign a separate agreement with OpenAI; PayPal will handle merchant routing and payment verification. CEO Alex Chriss stated that users can click "Buy with PayPal" to complete secure checkout and enjoy protections such as package tracking and dispute resolution; both consumers and merchants are verified by PayPal. Market data shows that PayPal (PYPL.O) surged 13.5% in pre-market trading.
US Commerce Secretary: $490 billion investment agreement to be signed in Japan
U.S. Commerce Secretary Rutnick: A $490 billion investment agreement will be signed in Japan. Westinghouse will invest up to $100 billion in nuclear reactor projects; Bechtel has committed up to $25 billion; SoftBank has committed $25 billion; and GE Vernova, a subsidiary of General Electric, plans to invest up to $100 billion in the energy sector.
Binance Alpha will launch PIGGY trading today at 18:00, with an airdrop threshold of 250 points.
Binance Alpha will launch Piggycell (PIGGY) trading on October 28th at 18:00 (UTC+8). After trading begins, users holding at least 250 Alpha Points can claim a 38-PIGGY airdrop on a first-come, first-served basis. If the reward pool is not exhausted, the points threshold will automatically decrease by 5 points every 5 minutes. Claiming the airdrop will cost 15 Alpha Points and requires confirmation within 24 hours on the Alpha Events page; otherwise, it will be considered a forfeit.
Spot gold fell below the $3,900 mark, and silver fell below $46 per ounce.
Spot gold fell below the $3,900/ounce mark, dropping more than 2% on the day, breaching both the $4,000 and $3,900/ounce levels in the past two days. Spot silver fell below $46/ounce, with a daily decline of approximately 2.8%.
