Crypto Markets & On-Chain Ecosystem Developments

According to BlockBeats citing DefiLlama data, Papertrade recorded daily protocol revenue of $7.49 million on October 16, surpassing Circle and ranking second globally for the second consecutive day, with only Tether ahead. Since its launch seven days ago, the protocol has accumulated $57.16 million

BTRST experienced a 10.56% price decline in the last hour, dropping to $0.051568 from $0.057654. The cryptocurrency recorded a 24-hour trading volume of $95,384 and reached a 24-hour high of $0.059994 before the sharp decline. The price movement occurred amid relatively thin trading volume, which

The Indian Income Tax Department has issued a clarificatory note on Virtual Digital Assets (VDAs) with new crypto reporting requirements that took effect on April 1, 2026, but the Crypto Tax in India remains unchanged at 30% on gains and 1% TDS. According to the tax department's explainer, the new V

According to PANews, Singapore Gulf Bank (SGB) launched on October 16 a stablecoin exchange service allowing individuals to swap between USD and USDT/USDC through mobile banking without accessing external crypto exchanges. Customers can hold multiple currencies, including stablecoins and fiat, with

South Korea's Financial Services Commission (FSC) and Financial Supervisory Service (FSS) announced on the 16th enhanced monitoring of offshore platforms trading perpetual futures linked to Korean stocks and indices. The regulatory action targets products offering leverage ratios from 10x to 200x,

According to Odaily, UniSat is collaborating with Utexo to integrate USDT into UniSat Wallet and UniScan using the RGB protocol, allowing users to manage and transfer BTC, Ordinals, Runes, and USDT together within the Bitcoin ecosystem. Following wallet and browser integration, UniSat plans to

According to South Korea's Financial Services Commission and Financial Supervisory Service, on October 16, the regulator issued a warning on perpetual futures products traded on offshore cryptocurrency platforms, citing extreme risk levels. Offshore platforms currently offer up to 200x leverage on p

Network School acquired the decentralized social platform Farcaster from Neynar on Thursday, rebranding it as the Network State Protocol, according to an announcement on the platform. The same day, several users reported on X that their Farcaster accounts had been restricted to read-only status

Balaji Srinivasan's Network School acquired Farcaster from Neynar on Thursday and rebranded it as Network State Protocol. The same day, multiple users reported their accounts were restricted to "read-only" mode due to previous posts violating new community rules. Kunal Gandhi, former India

Pendle integrated its vaults with Morpho, introducing autocompounding rewards and AI-driven USDC allocation across DeFi strategies. The integration enables Beefy Finance to autocompound rewards directly into vault positions, while AI allocates USDC based on risk and yield parameters. This

Pendle announced an integration with Aave that allows Pendle's implied rates to serve as live inputs for Aave's risk parameters. The integration aims to enhance the efficiency of collateral settings based on real market data. This development could streamline operations in the decentralized

According to Pendle, the integration of Pendle vaults with Morpho is now live, enabling autocompounding rewards through Beefy Finance and AI-driven allocation of USDC across DeFi strategies. This enhancement aims to boost yield capabilities and user engagement within the

According to Pendle's official announcement, Pendle has introduced live inputs of its implied rates to serve as real-time parameters for Aave's risk management. This integration enables Aave to automate collateral adjustments based on actual market conditions, enhancing operational efficiency

According to t54's announcement on October 15 (local time), t54 Labs, an AI financial infrastructure company backed by Ripple, and South Korean fintech firm RiskX signed a memorandum of understanding (MOU) to develop AI-powered personalized investment services. The collaboration will focus on a

Ripple announced on Oct. 15 that its institutional business, Ripple Prime, now supports perpetual swaps linked to Real World Assets (RWA). Institutional clients under Virtu have begun trading contracts based on more than 100 markets, including stocks, stock indices, ETFs, metals, energy, and Forex. The swaps reference perpetual futures contracts launched by Trade.xyz on Hyperliquid. Ripple Prime RWA Perpetual Swap Structure According to Ripple’s official explanation, Ripple Prime’s RWA perpetual

According to PPP prediction market tool monitoring, the probability that Strategy will be removed from the MSCI World Index or MSCI USA Index by December 31, 2026, reached 90% on Polymarket, up 25% over the past 24 hours. Settlement will be determined by official MSCI announcements or consensus