Crypto Markets & On-Chain Ecosystem Developments

According to The Block, U.S. spot Bitcoin ETFs recorded net outflows of $635.6 million on Thursday, marking the largest single-day outflow since June. Bitcoin dropped to around $81,500 on Friday, down 3.4% in the past 24 hours, as tech stock selloffs impacted cryptocurrency markets. BlackRock's

According to Foresight News, Virtuals Protocol announced that Virtuals Butler now enables automated options execution on trading platform Derive, allowing users to hedge their BTC and ETH holdings ahead of Federal Reserve decisions, CPI releases, and non-farm payroll reports. Users only need to

The New York Attorney General is pursuing $1.37 billion from NovaTech founders Cynthia and Eddy Petion over allegations of operating a Ponzi scheme. The claim includes $1.13 billion in disgorgement and $232.5 million in prejudgment interest. Between 2019 and 2023,

Chainlink, the blockchain oracle network behind LINK, partnered with LG CNS, the IT services arm of South Korea's LG Group, to build infrastructure for won-denominated stablecoins, announced on Oct. 22. The partnership aims to expand the domestic market for won-pegged stablecoins and lay the

QCP Capital reported on Oct. 23 that rising funding costs for artificial intelligence infrastructure companies are weighing on technology stocks and the broader cryptocurrency market. CoreWeave bond yields surged to 15%, with credit strains spreading across the AI infrastructure sector. CoreWeave

Ethereum developers postponed the Glamsterdam upgrade on the Hoodi testnet after researchers identified potential security risks involving existing smart contracts, canceling the activation scheduled for October 26. The Ethereum Foundation announced the delay last night, stating developers need

According to analyst Killa on X platform, prolonged price oscillations lead 90% of traders to close profitable positions prematurely. Killa noted that after price repeatedly tested levels near $62,600 at least 10 times before the next rally, traders lose confidence in their swing positions and

According to the Ethereum Foundation, the Glamsterdam upgrade on the Hoodi testnet has been postponed after researchers identified potential security risks involving existing smart contracts, with the planned October 26 activation now canceled and no replacement date announced. Security firm

Bloomberg expanded its Crypto Exposure Analytics service to help customers identify and classify crypto-asset and tokenized real-world asset exposures under the Basel Committee on Banking Supervision's prudential framework for banks. The update aims to connect exposure detection with

JPMorgan Asset Management expanded two tokenized money market funds, MONY and JLTXX, to Solana blockchain, announced last night. The expansion provides qualified U.S. investors access to these funds through Morgan Money, the firm's liquidity management and trading platform. JPMorgan Asset Management

According to an announcement by Singapore's Monetary Authority (MAS) on Oct 23, the central banks of Malaysia (BNM) and Thailand (BOT) have joined the BLOOM (Borderless, Liquid, Open, Online, Multisig) initiative as policy-making members. The three jurisdictions will collaborate with local

According to Bloomberg, Gemini founders Winklevoss brothers and DCG founder Barry Silbert are competing in the Zcash ecosystem, backing rival mining firms Cypherpunk Technologies and Fortitude Mining respectively. Cypherpunk currently controls about 20% of Zcash's network hash rate, while Fortitude

Kalshi Prime and BitGo launched HODL Margining, a service allowing eligible customers to borrow US dollars against digital assets held in custody and use loan proceeds to meet margin obligations on KalshiEX. BitGo Bank & Trust serves as the first custodian in the network, while loans are provided

According to BitGo's official announcement, Kalshi Prime and BitGo launched HODL Margining, a service that allows eligible customers to borrow US dollars against digital assets held in custody at BitGo Bank & Trust for margin trading on KalshiEX. Kalshi Katalyst, Kalshi Prime's lending affiliate,

According to Base, the platform announced today the launch of stock-backed loans through Aave, allowing eligible investors to use tokenized stocks as collateral to borrow USDC. This feature enables users to leverage their digital assets for increased liquidity and borrowing

According to JPMorgan Asset Management, the firm announced last night the expansion of two tokenized money market funds—MONY and JLTXX—to the Solana blockchain. Both funds are now accessible to qualified U.S. investors through Morgan Money, JPMorgan's liquidity management platform. MONY is a