[SBI Holdings completes $290M acquisition of Japan crypto exchange bitbank]

SBI Holdings has completed its acquisition of Japanese cryptocurrency exchange bitbank for $290 million, News Bitcoin reported. Following the deal, SBI is expected to hold about $6.97 billion in custody assets and 2.92 million cryptocurrency accounts across the group, making it Japan’s largest exchange operator by custody assets.
https://coinness.com/en/news/1170642

[NEAR Intents lead says full $3.8M stolen in hack has been returned]

Alex Shevchenko, who leads cross-chain protocol NEAR Intents, said on X that all funds stolen in a hack worth about $3.8 million had been returned and the related investigation would be halted. Shevchenko added that instead of carrying out service-disrupting attacks, users should use the bug bounty program.

He had previously warned that the attacker had been identified and called for the funds to be returned within 48 hours.
https://coinness.com/en/news/1170643

[Strive CEO sees digital credit market cap reaching trillions by 2030]

Matt Cole, CEO of Bitcoin-buying company Strive (ASST), said the digital credit market’s capitalization could reach trillions of dollars by 2030 and serve as a bridge in the transition toward a globally hyperbitcoinized future, BitcoinTreasuries reported. Cole added trust in fiat currencies would continue to decline.
https://coinness.com/en/news/1170644

[Upbit, Bithumb, Coinone place BLAST on delisting watchlist]

South Korean exchanges Upbit, Bithumb and Coinone announced BLAST has been placed on a delisting watchlist.

The move follows an earlier announcement by the Blast Foundation that it plans to shut down the mainnet as profitability deteriorates.
https://coinness.com/en/news/1170645

[Aave Labs proposes foundation to unify brand and intellectual property]

Aave Labs has proposed establishing a foundation to unify the Aave brand and intellectual property, according to The Defiant.

Under the proposal, the foundation would hold Aave IP under DAO oversight. In the first phase, Aave Labs plans to set up a legal entity in the Cayman Islands and appoint independent officers, while any transfer of trademarks, domains and the codebase would be decided through a later governance vote.
https://coinness.com/en/news/1170646

[71% of UK finance leaders expect tokenization to reshape financial services]

About three-quarters of major UK financial institutions expect tokenization to reshape financial services, Cointelegraph reported, citing a survey by Lloyds Banking Group, the UK’s largest financial services provider.

The survey of 100 senior decision-makers at major local banks, insurers, asset managers and investment firms found 60% identified faster payments and clearing and settlement as tokenization’s biggest benefit, while 41% pointed to better collateral and liquidity management.
https://coinness.com/en/news/1170647

[BTC falls below $85,000]

According to CoinNess market monitoring, BTC has fallen below $85,000. BTC is trading at $84,961.39 on the Binance USDT market.
https://coinness.com/en/news/1170648

[BNY said to be discussing broad partnership with Kraken parent Payward]

BNY, the world’s largest custodian bank and formerly Bank of New York Mellon, is in talks with Payward, Kraken’s parent company, on a broad partnership spanning digital assets and financial market infrastructure, CoinDesk reported, citing industry sources.

The partnership could cover cryptocurrency products, custody, asset management, trading, payments and infrastructure, according to the report. The services are expected to be offered through Payward’s B2B platform. One source said the arrangement could resemble the infrastructure component of Payward’s recent deal with Nasdaq.
https://coinness.com/en/news/1170649

[Anchorage Digital cuts 17% of staff amid industry-wide cost pressure]

Crypto bank Anchorage Digital has cut 17% of its workforce amid industry-wide cost pressure, The Information reported. The company said the decision was not tied to any specific event or business unit. Anchorage Digital also laid off 75 employees, or about 20% of its staff at the time, in March 2023.
https://coinness.com/en/news/1170650

[Fidelity explores broader access to Ethereum-based tokenized money market fund]

Fidelity is exploring ways to broaden access to its Ethereum-based tokenized money market fund, Crypto Briefing reported.

The firm is reviewing possible eligibility expansions for its on-chain cash product, as well as the potential introduction of daily or intraday yield features, according to Crypto Briefing. The fund token is currently available only to accredited and institutional investors, and Fidelity is seeking ways to make it accessible to a wider investor base.
https://coinness.com/en/news/1170651

[LINK fallen 3.14% in the past 5 minutes]

LINK has fallen by 3.14% in the past five minutes on the COINNESS market. Currently, LINK is trading at $13.55.
https://coinness.com/en/news/1170652

[BTC falls below $84,000]

According to CoinNess market monitoring, BTC has fallen below $84,000. BTC is trading at $83,955.6 on the Binance USDT market.
https://coinness.com/en/news/1170653

[ZEC fallen 3.69% in the past 5 minutes]

ZEC has fallen by 3.69% in the past five minutes on the COINNESS market. Currently, ZEC is trading at $1,283.5.
https://coinness.com/en/news/1170654

[$162 million worth of futures liquidated in the past hour]

Major exchanges have seen $162 million worth of futures liquidated in the past hour. In the past 24 hours, $550 million worth of futures have been liquidated.
https://coinness.com/en/news/1170655

[U.S. SEC chairman says more crypto rules are likely ahead]

U.S. SEC Chairman Paul Atkins said the agency’s formal proposal of a new regulatory framework for crypto custody by investment advisers and regulated funds is part of a broader effort to establish a more comprehensive crypto regulatory framework, and additional crypto proposals will follow, Watcher.Guru reported.
https://coinness.com/en/news/1170656

[ICBA sues OCC over crypto trust bank charters]

The Independent Community Bankers of America has sued the Office of the Comptroller of the Currency, arguing the regulator abused its authority by allowing cryptocurrency companies to obtain national trust bank charters, according to Crypto Briefing.

The group said the move goes beyond what the National Bank Act permits and argued the OCC had effectively altered its own role without congressional approval. It also said the policy lets companies avoid obligations that apply to traditional banks.
https://coinness.com/en/news/1170657

[US stocks close higher]

The three major U.S. stock indices closed higher today.
- S&P 500: +0.73%
- Nasdaq: +1.19%
- Dow Jones: +0.49%
https://coinness.com/en/news/1170658

[Uniswap captures 60% of September stock-token DEX volume]

Uniswap accounted for about 60% of stock-token, or tokenized equity, trading volume on decentralized exchanges in September, ranking first, Crypto Briefing reported. Stock-token DEX volume surged 10,163.7% from a year earlier to $48.7 billion, with Uniswap v4 and v3 taking 40.7% and 19.4% shares, respectively. The share of stock-token trading in total DEX spot volume expanded to more than 4% this year from about 0.1% at the end of last year. Crypto Briefing said stock tokens are drawing attention for allowing 24-hour trading, while liquidity remains fragmented across multiple platforms and blockchains.
https://coinness.com/en/news/1170659

[Canary Capital amends PEPE spot ETF filing with U.S. SEC]

Canary Capital has submitted an amended securities registration statement to the U.S. SEC for a PEPE spot ETF, Bloomberg Senior ETF Analyst Eric Balchunas said. Balchunas said Canary Capital’s push to launch a PEPE spot ETF could be another sign the crypto winter has ended, adding that just a few months ago it would have been difficult even to consider such a product, while improved market conditions now appear to support testing its launch.

PEPE was trading at $0.000004223, down 4.29%, according to CoinMarketCap.
https://coinness.com/en/news/1170660

[U.S. SEC approves rule change for listing 3x leveraged Bitcoin, Ethereum ETFs]

The U.S. SEC approved on Oct. 2 a proposed rule change to allow the exchange listing of Volatility Shares’ 3x leveraged Bitcoin and Ethereum ETFs, along with ETFs tied to gold, silver, crude oil and natural gas.

According to an SEC document, the approval covers a rule change filed by Cboe BZX Exchange. The approved products include the 3x leveraged Bitcoin ETF (BITH) and the 3x leveraged Ethereum ETF (ETHK). The two funds each aim to track three times the daily return of their underlying assets. The approval applies to the exchange’s listing rules, and separate procedures are still required before actual trading can begin.
https://coinness.com/en/news/1170661

[Avalanche leads blockchains with $245.5M September gain in tokenized stocks]

Avalanche said, citing Token Terminal data, that the market capitalization of stock tokens on the layer-one blockchain rose by $245.5 million in September, marking the largest increase among all blockchains. Tokenization platform Securitize, ticker SECZ, drove the growth.
https://coinness.com/en/news/1170662