[South Korea’s five biggest exchanges cut balance checks to under 5 minutes]

South Korea’s five largest won-based exchanges are now reconciling actual crypto holdings against internal ledger balances at intervals of under five minutes, Financial News reported on Oct. 2, citing data submitted by South Korea’s Financial Supervisory Service to the office of Democratic Party lawmaker Kang Jun-hyun.

At the time of Bithumb’s mistaken Bitcoin payout incident in February, three of the five exchanges were conducting reconciliations only once a day, but the system was strengthened after South Korean financial authorities ordered the establishment of an always-on balance reconciliation framework.
https://coinness.com/en/news/1170601
See more: https://www.fnnews.com/news/202610021616095897

[Bithumb to delist D and HOOK on Nov. 2]

South Korean exchange Bithumb announced it will end trading support for DAR Open Network (D) and Hooked Protocol (HOOK) at 6:00 a.m. UTC on Nov. 2.

The exchange said the foundations’ explanatory materials did not sufficiently resolve the reasons for the investment warning designation, and after a comprehensive review of the projects’ disclosures, utility and business performance, it decided they no longer met its standards for maintaining trading support.
https://coinness.com/en/news/1170602

[SMBC Nikko starts work on compliant DeFi infrastructure for Japanese investors]

SMBC Nikko Securities said it will develop regulatory-compliant DeFi infrastructure for Japanese investors with Nethermind, an Ethereum core developer. Uniswap Labs, Base and the Nyx Foundation will also take part.

The group plans to build a "DeFi Gateway" consisting of a liquidity provision protocol and proprietary liquidity pools. Its main tasks include developing AI-based agent vaults and interfaces, applying AML/CFT and investor protection features through Uniswap v4 hooks, and creating liquidity provision strategies for digital assets such as stablecoins and real-world assets, or RWA. The project is targeted for completion by mid-2027.
https://coinness.com/en/news/1170603

[Bitcoin futures buying pressure hits highest since Aug. 19]

Bitcoin futures buying pressure rose to 4.9, the highest level since Aug. 19, while open interest in futures contracts increased by about 9,000 BTC over the past 24 hours, on-chain analyst Axel Adler Jr. said.

Even if upside momentum slows, Adler said the uptrend could continue if Bitcoin holds above $85,000. He added that a drop below $83,000 could trigger liquidations in newly opened long positions and deepen losses.
https://coinness.com/en/news/1170604

[ECB outlines three onchain settlement models for tokenized assets]

The European Central Bank has outlined three ways to use central bank money on blockchain-based networks, The Block reported. The options are direct issuance by the central bank, a bridge linking existing systems, and a model using private intermediaries. The proposals are aimed at enabling tokenized securities, deposits and stablecoins traded on blockchain networks to be settled in central bank money.
https://coinness.com/en/news/1170605

[Hyperliquid set to receive $14.5M for additional HYPE buybacks]

Hyperliquid is expected to receive its first AQAv2 reserve yield distribution, according to Hyperliquid Hub. About 14.5 million USDC generated from USDC reserves could flow into the assistance fund and be used for additional HYPE buybacks.
https://coinness.com/en/news/1170606

[Optimism unveils major update to Rust-based fault proof system]

Optimism (OP) has unveiled a major update to its Rust-based fault proof system, focused on improving consistency so data derivation and proof execution produce the same results as other components of the OP Stack.
https://coinness.com/en/news/1170607

[Aptos deploys private validator hotfix on testnet]

Aptos deployed a new validator hotfix on its testnet. The “Aptos Node V1.49.2 Hotfix,” released on Oct. 1, is a private hotfix, and Aptos has not disclosed the source code. Instead, it instructed node operators to use the attached binary or Docker image.
https://coinness.com/en/news/1170608

[Aave V4 tops $1B in deposits as lending reaches about $310M]

Aave V4 topped $1 billion in deposits for the first time in September, while lending volume grew to about $310 million. Aave also expanded into an institutional market built around stablecoins and a market for tokenized stocks, and deployed its protocol on Circle’s ARC and Base.
https://coinness.com/en/news/1170609

[Polygon launches stablecoin-based euro-dollar exchange pool]

Polygon has launched a stablecoin-based euro-dollar exchange pool that is not tied to traditional bank foreign-exchange market hours.

Monerium, Frax and Capa launched the EURe/frxUSD trading pair on Uniswap V3, enabling direct swaps between regulated euro liquidity and dollar-denominated stablecoin liquidity in Polygon-based applications.
https://coinness.com/en/news/1170610

[Utexo to issue USDT on Bitcoin network this month]

Software company Utexo plans to issue USDT on the Bitcoin network this month, CoinDesk reported. Utexo has secured a commercial license for Bitcoin-based USDT issuance and plans to provide APIs, SDKs and cloud infrastructure to exchanges, wallets and payment service providers. The company had previously entered into a partnership with Tether and said it would lead USDT issuance and distribution on the Bitcoin network.
https://coinness.com/en/news/1170611

[Citi raises Strategy target to $240, lifts 12-month BTC forecast]

Citi raised its target price on Strategy (MSTR) to $240 from $136 and maintained a Buy rating after increasing its 12-month Bitcoin price forecast by 39% to $113,400, Walter Bloomberg reported.

Citi estimated about 34 percentage points of the target-price increase would come from Bitcoin’s price gains, while an additional 16 percentage points would be driven by an expansion in mNAV, or market value relative to net asset value. Citi also raised its Bitcoin Yield Multiple for Strategy to 4.0x from 2.5x and, based on that change, assumed an mNAV of 1.24x.
https://coinness.com/en/news/1170612

[Suspected Aave team address sold $8M in AAVE over past week]

A suspected Aave team-linked address sold 50,000 AAVE on-chain over the past week, worth a total of $8 million, AmberCN said. The address currently holds 30,000 AAVE, valued at $5.5 million.
https://coinness.com/en/news/1170613

[Forward Industries adds 949,000 SOL, bringing holdings to 8.5 million]

Forward Industries, the largest corporate accumulator of Solana, said it bought an additional 949,000 SOL over the past quarter, raising its total holdings to 8.5 million SOL. The amount is equal to about 1.4% of SOL’s circulating supply.
https://coinness.com/en/news/1170614

[Copper adds Hyperliquid perpetual futures trading for institutions]

Crypto custody firm Copper has started offering Hyperliquid (HYPE) perpetual futures trading to institutional investors, The Block reported. The service lets clients trade Hyperliquid perpetual futures through Copper while keeping assets secured in Copper’s non-custodial MPC infrastructure.
https://coinness.com/en/news/1170615

[Absa Bank launches Africa’s first institutional-grade crypto custody service]

South African financial institution Absa Bank has launched Africa’s first institutional-grade cryptocurrency custody service, Crypto Briefing reported.
https://coinness.com/en/news/1170616

[Bithumb to temporarily suspend STRK deposits, withdrawals on Oct. 4]

South Korean exchange Bithumb announced the temporary suspension of STRK deposits and withdrawals at 10:00 a.m. UTC on Oct. 4 to support the Starknet network upgrade.
https://coinness.com/en/news/1170617

[Arthur Hayes says expanded U.S. money supply could boost crypto]

BitMEX co-founder Arthur Hayes said at Cointelegraph’s Seoul Connect event that crypto prices could rise if the U.S. expands its money supply to support the artificial intelligence industry and finance government debt. Hayes added that demand for scarce assets could also increase if China shifts from limited tightening to large-scale monetary stimulus, and said he is watching pressure in French financial markets, including credit default swaps linked to BNP Paribas and spreads on French government bonds.
https://coinness.com/en/news/1170618

[THORChain launches ZEC pool]

Cross-chain decentralized exchange THORChain (RUNE) announced the official launch of its ZEC pool. With the network’s node rotation process now complete, all nodes have begun monitoring the ZEC blockchain, enabling permissionless trading for ZEC. The pool’s liquidity remains low for now, however, and the project said early trading requires caution even as liquidity is expected to increase over time.
https://coinness.com/en/news/1170619

[Aave founder says EU rules could curb DeFi access]

Aave founder Stani Kulechov expressed disappointment with regulatory discussions by the European Central Bank and the European Banking Authority related to MiCA, saying proposals to require suitability reviews for DeFi users and apply certification rules to DeFi lending protocols are concerning. Kulechov said such measures could create a more closed financial ecosystem and reduce access to open financial networks.
https://coinness.com/en/news/1170621

[Circle urges EU to preserve multi-issuance model for stablecoins]

Circle submitted comments on the European Commission’s consultation on MiCA, or the Markets in Crypto-Assets regulation, and proposed preserving the multi-issuance structure for global stablecoins.

According to Circle, about 30 electronic money tokens, or EMTs, have been approved under MiCA, but only USDC, USDG and EURC among the top 25 stablecoins by global market capitalization are currently subject to MiCA rules. Circle argued the current structure should remain in place so an EU entity authorized under MiCA and an entity authorized by an overseas regulator can jointly issue a single globally circulating stablecoin. Circle also recommended a framework under which the regulator in the issuer’s home jurisdiction would take primary supervisory responsibility, while the EU would handle regulatory equivalence assessments and recognition of entities by the European Banking Authority, or EBA.
https://coinness.com/en/news/1170622