Crypto Markets & On-Chain Ecosystem Developments

According to BlockBeats, renowned trader Doctor Profit completed Bitcoin long positions at $80,000–$81,000 on October 28, with an average entry price of $80,400 and a target of $94,000. He views the $79,000–$81,000 range as an accumulation zone and local bottom, citing strong spot demand, building b

According to SoSoValue data reported by PANews, the crypto market's Meme sector rose 3.78% in 24 hours on October 28, with PONS climbing 16.90% and MemeCore gaining 13.49%. In contrast, the AI sector declined 6.69%, with Akedo (AKE) dropping 24.81% and Quack AI (Q) falling 72.33%. Other sectors

According to Santiment analysis, wallets holding at least 10 million XRP collectively control 46.87 billion tokens, representing 68.5% of total XRP supply as of October 28. This marks the highest share held by this cohort since November 2022. The large holders continue to increase their exposure

According to ChainCatcher citing SoSoValue data, Grayscale Solana Trust (GSOL) experienced net outflows of $19.155 million on October 27 (U.S. Eastern Time). This marked the sole contributor to SOL spot ETF outflows that day. GSOL has accumulated net inflows of $133 million since

BFC surged 11.62% in the past hour to reach $0.024514, marking its strongest move in recent weeks. The surge reflects increased trading activity, with 24-hour volume reaching $2,794,823 amid mixed signals across the

Mirae Asset Securities Hong Kong issued $12.5 million in US dollar-denominated digital bonds on May 28 using a proprietary tokenization system developed in-house. The issuance marks the first time an overseas branch of a Korean financial firm has issued digital bonds using self-developed

According to Yonhap Infomax, Mirae Asset Securities' Hong Kong subsidiary issued a $12.5 million USD-denominated digital bond on October 28 using its proprietary tokenization system, marking the first such issuance by a South Korean financial institution's overseas subsidiary. The six-month

Bitcoin (BTC) sees a short-term rebound, trading at around $80,790 as of October 28. The crypto industry has spent $176 million backing allies to prepare for the post-Trump era, going all out to influence the midterm elections. An Argentine court has ordered the criminal investigation into President Milei over the LIBRA meme coin controversy to be closed, finding insufficient evidence to establish criminal fraud. Macro Events & Crypto Hot Topics Reuters reported that the crypto industry has spen

Bank of New York Mellon (BNY Mellon) announced on Oct. 28 that it is expanding its partnership with Ripple, adding XRP and Ripple-issued USD stablecoin RLUSD to its institutional custody platform. BNY clients can mint and redeem RLUSD directly through the bank. The two companies are also partnering with supply chain finance platform C2FO, aiming to cut supplier payment wait times from tens of days to seconds. BNY Mellon Expands Custody Offering: XRP and RLUSD Added to Institutional Platform, Cli

Muneeb Ali, co-founder of Stacks, said in a podcast interview that quantum computing security threats are limiting institutional investment in Bitcoin, according to a Cointelegraph report on October 27. Risk-averse institutional investors may delay large-scale Bitcoin purchases until developers

U.S. Treasury Secretary Bessent said at the Ripple Swell conference on October 27 that the failure of the CLARITY Act to pass Congress was disappointing, but the Treasury has “substantial convening power” and can work with the SEC and CFTC to fill gaps in the crypto regulatory framework through regulatory action. He called the two agencies “excellent partners.” On stablecoins, Bessent noted that more than 90% are backed by dollars. Treasury’s Alternative Path: Convening Authority, SEC and CFTC C

According to PANews on October 28, a major PEPE whale address transferred 1.45 trillion PEPE tokens to a new address after remaining inactive for one year, according to on-chain analyst Ai Yi. The address accumulated 4.03 trillion PEPE between May 2023 and August 2024 at a cost basis

According to Hong Kong's Investor and Financial Education Council (IFEC), the council recently warned of multiple risks in secondary market trading of tokenized funds, including price disparity, liquidity risk, price segmentation risk, and market maker dependency. The IFEC highlighted that tokenized

Bitcoin was quoted at $80,700 on Oct. 28, up 0.87% intraday, as its correlation with the U.S. stock market rose to its highest level since late May. Glassnode researchers noted that the cost basis of buyers who entered the market over the past two years is concentrated at $87,000 and above. Profit-taking or stop-loss selling in this range has ended Bitcoin’s rally twice this year, and Bitcoin has typically fallen 25% or more after each selloff. Key Bitcoin Data: $87,000 Has Halted Rallies Twice

According to the U.S. Department of Justice, the FBI's Washington Field Office recently joined international law enforcement partners, including Chainalysis, in seizing the domain virtualine.net. The domain hosted infrastructure used by ransomware operators, information stealers, and credential