MeNews

U.S. stocks closed higher on Wednesday, with technology shares strengthening, Dell surging, and oil prices stabilizing. U.S. Treasury yields approached 5%, and global stock markets may face a 5%-8% correction. Trump said the strikes on Iran would end soon and that the Strait of Hormuz would be renamed the Trump Strait. The former British prime minister warned that failure to control debt would force emergency spending cuts. The Beige Book said the U.S. economy grew moderately, with AI and data centers serving as key supports. Tron’s USDT supply surpassed Ethereum’s for the first time. Broadcom’s Q3 results exceeded expectations, and its AI revenue guidance was raised. Robinhood Chain generated $3.75 million in daily fees, exceeding the combined total of Solana, ETH, and Base.

On October 14, Singapore Gulf Bank announced that it had adopted BNY’s 24/7 U.S. dollar book transfer service, allowing eligible institutional and retail customers to settle U.S. dollars on weekends and U.S. holidays. The service supports account funding, accounts payable, and cross-border treasury management, with U.S. dollars settled either directly through BNY or through eligible accounts at correspondent banks. The bank is among the first adopters globally. The service is available only for eligible accounts and does not use blockchain settlement.

Ledger stated in a post on X that, during the investigation, it had asked distributors in Southeast Asia and Hong Kong to suspend sales and remove the devices from shelves. The regions involved include Indonesia, Singapore, Thailand, the Philippines, Vietnam, Malaysia, and Hong Kong. So far, only the Southeast Asia incident has been confirmed, and theft from customers who purchased the devices in other regions has not yet been confirmed. Ledger will trace tampering in the distribution chain, and Ledger Donjon will analyze the devices received. There is currently no indication that Ledger’s own systems were compromised; the devices previously sold by CryptoBilis had been implanted with malicious components.

Federal Reserve Governor Cook is opposing Trump’s push to remove her. Her attorneys said in a letter that she cannot attend the November 5 hearing because she will be performing official duties in Europe, and that the earliest it could be held would be after the Fed’s policy meeting on December 8-9. The attorneys questioned the objectivity of the investigation, saying that all the officials overseeing it were political appointees of Trump, including Hassett. Trump called Cook “dishonest” and said he would fire her if there were grounds to do so.

BNY Mellon and Castle Securities completed a tri-party repurchase transaction collateralized by tokenized U.S. Treasuries. The tokenized Treasuries settled within minutes on BNY’s private ledger, and Castle used them as collateral for an overnight repo to obtain cash. BNY said it will launch more digital cash and tokenized deposits to support on-chain settlement, and plans to extend traditional settlement hours to Europe and Asia next year.

Pump.fun stated on X that since the BOOST mode launched approximately three months ago, it has reinjected $106 million in liquidity into the ecosystem. The mode became the standard issuance mechanism for newly launched tokens in July, aiming to reinject the dead liquidity lost during token migrations into tokens that complete their bonding curves. Pump.fun previously said that more than $100 million in dead liquidity was lost annually due to token migrations.

The U.S. Department of Justice announced a case involving North Korean IT workers who used disguised identities to enter the United States, arresting two Americans and seizing approximately 187 devices. More than 70 employers were involved, generating approximately $3 million in revenue. The two were charged with conspiracy to commit wire and mail fraud, money laundering, and identity theft, while Pena was also charged with a felony. The operation, known as “Operation Lone Star,” involved searches of more than 40 suspected laptop farms in Texas and other locations. Domestic collaborators received employers’ equipment at their homes and remotely enabled overseas workers to appear to be in the United States. Funds were transferred through cryptocurrency. Nolte was identified as a co-conspirator but was not charged.

ME News, October 14 (UTC+8) — Bridgewater founder Ray Dalio said the sell-off in the U.S. bond market is far from over. Increased financing needs from the government and corporations, along with weakening demand from some traditional buyers, are intensifying pressure on U.S. Treasuries. The U.S. is entering a phase in which increased bond supply is driving yields higher, while the debt burden has reached its highest level since World War II and is expected to worsen in the coming years. Dalio believes shorting U.S. Treasuries remains more attractive than going long. (Source: ChainCatcher)

ME News, October 14 (UTC+8) — Crypto exchange Blockchain.com is applying to the U.S. Commodity Futures Trading Commission (CFTC) for licenses, seeking to register as both an exchange and a futures commission merchant to offer derivatives and prediction market services in the United States. These services will target both retail and institutional clients, and the proposed business launch in the U.S. is still subject to regulatory approval. (Source: ChainCatcher)

ME News reported on October 14 (UTC+8) that Avalanche stated on October 13 that South Korea’s securities depository, KSD, is “building Avalanche-based infrastructure connections” for South Korea’s security tokenization market. KSD’s technical guidelines confirm that Avalanche is one of the multiple ledger technologies its platform plans to support; an Avalanche post stated that the plan covers issuance, trading, clearing, settlement, and investor rights, ultimately enabling on-chain settlement. KSD’s distributed ledger guidelines (reflecting development as of July 2026) list Avalanche alongside Hyperledger Besu and Hyperledger Fabric, indicating a commitment to supporting multiple ledger technologies rather than designating Avalanch

ME News reported on October 14 that Interactive Brokers (IBKR) has partnered with crypto infrastructure company Zerohash to launch crypto staking services. Initially, eligible clients can stake or unstake ETH through the Client Portal. IBKR manages approximately $964.7 billion in assets and previously offered trading in Bitcoin, Ether, Litecoin, and Bitcoin Cash. Staking rewards will be automatically added to staked holdings, allowing clients to earn additional returns. IBKR CEO Milan Galik said that staking gives clients the opportunity to earn rewards on their assets.

Williams said one more rate hike this year may be appropriate, but there is no reason to believe another hike will be needed in 2027. He expects inflation to slow significantly next year to near 2%, helping offset price pressures from AI infrastructure investment. The economy is not overheating, and the labor market has not added to inflationary pressures. U.S. Treasury yields edged lower after his remarks. The market expects another rate hike in December and two more in 2027. September CPI will be released in October, and the Federal Reserve will hold its policy meeting on October 27–28.

ME News, October 14 (UTC+8) — According to CoinMarketCap market data, BTC fell below $83,000 and is currently priced at $82,976, down 0.5% over the past 24 hours. (Source: CoinMarketCap)

Base announced the launch of its Earn & Borrow program on October 14, providing an end-to-end technology stack to help platforms on Base infrastructure and third-party lending markets offer qualified users floating-rate stablecoin yields and crypto-asset-backed loans. Yields on deposited stablecoins such as USDC come from excess interest paid by borrowers. The program can integrate with protocols such as Morpho and Aave. The average yield for USD stablecoins in Base lending markets is 4.45% (excluding incentives).

ME News reported on October 14 (UTC+8), citing a report by Vortexa, that U.S. maritime blockades caused Iran’s seaborne crude oil exports to fall to zero in the second week of September and remain suspended as of October 5. Iran’s liquefied petroleum gas exports fell 48% month over month, reaching their lowest level since 2023. Meanwhile, Russia’s crude oil exports rose 6% month over month in September to 3.79 million barrels per day, accounting for approximately 80% of the three countries’ combined high-risk crude oil exports. (Source: ChainCatcher)

On-chain data shows that Bitcoin reserves on exchanges continue to decline, falling from approximately 2.8 million to 2.67 million BTC. If buying demand improves while supply remains low, BTC could rise due to a supply-demand imbalance. Funds are flowing out of exchanges and into cold wallets. The current price is approximately $84,000, still about 30% below its all-time high. A weaker U.S. dollar and carry trades may continue to boost BTC.

ME News reported on October 14 (UTC+8) that Whale Alert posted on X that USDC Treasury minted approximately 168 million USDC on the Ethereum network at 00:49, valued at approximately $168 million. Etherscan data showed that the minting transaction was confirmed successfully. Earlier, Circle minted 250 million USDC on the Solana network at 00:17 today. (Source: PANews)

Reportedly, Jeonbuk Bank has begun issuing won-denominated loans to businesses collateralized by Bitcoin, with the BTC held in third-party custody. A change in enforcement rules allows courts to order the sale of collateral for recovery without actually taking possession of the Bitcoin. The loan size, interest rate, and loan-to-value ratio have not been disclosed. A bank representative said one loan has already been issued.

Ondo Finance said on X that the total value of its tokenized U.S. Treasuries has reached $3 billion, covering USDY, OUSG, and tokenized U.S. Treasury ETFs, ranking first on the RWA.xyz platform. USDY’s value is approximately $2.328 billion, surpassing BUIDL’s $2.204 billion; OUSG is approximately $319 million. The total tokenized U.S. Treasury market is approximately $14.91 billion, with Circle’s USYC ranking first among individual products at approximately $2.384 billion.