Crypto Markets & On-Chain Ecosystem Developments

According to ChainCatcher, St. Cloud Financial Credit Union in Minnesota has become the first credit union to include Bitcoin in its core ledger, according to CEO Jed Meyer. The institution custodies over 20 BTC for members using a proprietary hybrid custody model that grants each member

AbstractChain, an Ethereum Layer 2 solution, is winding down operations, according to Twitter commentator @SolanaFloor. Founder Luca Netz indicated a shift in focus towards Pudgy Penguins and related NFTs. The closure follows another Layer 2 shutdown, Blast, within a week, highlighting ongoing

BitGo launched a prime brokerage service designed for hedge funds, family offices, and ETF issuers. The service emphasizes customized operational solutions rather than a standardized model, addressing the distinct requirements of each institutional client type. Adam Sporn, BitGo's Head of Prime

According to Token Terminal, the tokenized stock market reached a market cap of $3.8 billion, growing 8.7 times over the past year. More than 20 issuers are now competing in the space, with Solana, Robinhood Chain, and BNB Chain emerging as leading platforms. The expansion reflects increasing

According to ChainCatcher, Bitcoin early contributor and cypherpunk Amir Taaki was expelled from Singapore after being questioned by local police for six hours regarding his work. The British-Iranian programmer shared on X that over the past year alone, he has been expelled from Argentina and

QUICK cryptocurrency reached $0.01215 after an 11.06% price increase within a 60-minute period. The altcoin recorded a 14.95% gain over 24 hours with trading volume of approximately $199,924.31. The price fluctuated between $0.01077 and $0.01215 during the 24-hour trading period. QUICK

Circle Mint has integrated Aave support into its Digital Asset-Backed Borrowing product, enabling eligible Circle Mint LLC customers to use cirBTC as collateral to borrow USDC directly from Aave on Arc or Ethereum. The integration expands access to decentralized finance borrowing solutions by

GDN announced a partnership with Arbitrum to enhance the programmable economy and advance digital asset innovation. The collaboration aims to foster development in blockchain applications and technological solutions for improved user experience. Arbitrum, a layer-2 scaling solution for Ethereum, and

Ferrari's $RACE token is now available across various applications in the Solana ecosystem. The integration, announced by the official Solana account, brings the token to platforms including Fomo, Dflow, and Raydium. This move aims to expand the utility of the Solana blockchain and attract more

According to official announcement, Aave is now supported in Circle Mint's Digital Asset-Backed Borrowing product. Eligible Circle Mint customers can use cirBTC as collateral to borrow USDC directly from Aave on either Arc or

Open interest for real-world asset (RWA) perpetual contracts reached $5.68 billion today, according to data reported by @DefiLlama. This represents a surge from nearly zero a year ago. The growth reflects increasing trader interest in tokenized real-world assets as RWA projects gain traction in

According to DefiLlama, RWA perpetual contracts' open interest surged to an all-time high of $5.68 billion today, up from nearly zero a year ago. The surge reflects growing trader engagement with tokenized real-world assets in the blockchain

a16z crypto highlighted the potential of stablecoins to transform financial services in a recent discussion. Guy Wuollet, speaking during the discussion, emphasized that the future of finance relies on blockchain, drawing parallels to how other industries adapted to internet technologies. The

Japanese banks, trust banks, and securities firms have partnered with NexBridge to advance tokenization infrastructure for digital assets. The collaboration aims to provide a platform for issuance, settlement, and governance of tokenized assets, streamlining processes in Japan's financial sector. Ja

The Internal Revenue Service issued guidance outlining criteria for a safe harbor applicable to crypto staking activities by trusts, Cointelegraph reported on October 6. The guidance aims to clarify the tax treatment of such activities for trusts that meet certain conditions. A safe harbor is a

The Blockchain Association recently issued a statement regarding the ICBA lawsuit against the OCC, with EVP of Legal and Government Relations Ashok Pinto addressing the legal challenge. The statement emphasizes the need for regulatory clarity in cryptocurrency policy and highlights ongoing

The Commodity Futures Trading Commission (CFTC) is moving to establish a federal regulatory framework for cryptocurrency exchanges, an initiative publicly supported by crypto industry figure Mike Novogratz. The CFTC's effort aims to enhance regulatory clarity for the crypto industry and attract

According to Odaily Star Daily, as of October 6 at 2:55 p.m. Eastern Time, two Hyperliquid wallets associated with Abraxas Capital Management held approximately $1.58 billion in net short exposure, with bitcoin and ethereum positions accounting for about $948 million. The two wallets held