[CMCC Global to tokenize 2 hedge funds through Tether and Bitfinex Securities]

Blockchain asset manager CMCC Global announced plans to tokenize two quantitative hedge funds through Tether and Bitfinex Securities. The funds are the Crest Fund and the Liberty Bitcoin Accumulation Fund, or LBAF, and will be issued under El Salvador’s digital asset law.
https://coinness.com/en/news/1172647

[Only 1.1% of last year's stablecoin on-chain volume was tied to real payments]

Only about $390 billion of roughly $35 trillion in stablecoin on-chain transaction volume last year was used for actual payments, or about 1.1% of the total, according to a CoinDesk Research analysis.

The analysis said total stablecoin on-chain volume exceeded the combined payment volume of Visa and Mastercard, while indicating most of that activity was generated for purposes other than payments for goods and services.
https://coinness.com/en/news/1172648

[DWF Labs says spot BTC ETF flows are a lagging, not leading, price indicator]

U.S. spot Bitcoin ETF fund flows appear to reflect existing market trends rather than serve as a leading indicator for future prices, according to an analysis by crypto market maker DWF Labs.

Based on an analysis of 694 trading days since the ETFs launched in January 2024, DWF Labs found net outflows in seven of eight instances when BTC fell more than 15%. In contrast, all nine instances when BTC rose more than 15% were accompanied by net inflows. The correlation coefficient between ETF flows and BTC price changes over the previous five trading days was 0.54, while the correlation with price changes over the following five trading days was just 0.03. DWF Labs said this suggests ETF flows are more closely tied to price moves that have already occurred than to future price action.

The firm added some investors may use a hedging strategy that combines ETF purchases with sales of CME Bitcoin futures, making it difficult to gauge actual investor sentiment based on ETF flow data alone.
https://coinness.com/en/news/1172649

[US stocks open lower]

The three major U.S. stock indices opened lower today.
- S&P 500: -0.88%
- Nasdaq: -1.5%
- Dow Jones: -0.13%
https://coinness.com/en/news/1172650

[Fidelity cited as saying BTC could reach $200K]

Former Bitcoin Magazine editor Pete Rizzo said on X that global asset manager Fidelity had mentioned the possibility of Bitcoin reaching $200,000. Rizzo said Fidelity had advised investors to prepare for BTC potentially hitting $200,000 soon and warned the upside move could come much faster than expected. However, the original statement and any detailed analytical basis were not provided, and it was not confirmed whether the remarks reflected Fidelity’s official position.
https://coinness.com/en/news/1172651

[Thailand SEC says spot crypto ETF inquiries rise, but no formal applications yet]

Thailand’s SEC said it has received inquiries from multiple asset managers about launching spot crypto ETFs, but no firm has yet submitted a formal application, according to Cointelegraph.

The regulator did not disclose the names of the asset managers that made the inquiries and said it remains unclear whether the country’s first crypto ETF will be approved this year. The timing of any approval is expected to depend on applicants’ preparedness, regulatory review and whether investor protection requirements are met.
https://coinness.com/en/news/1172652

[BNB Chain to carry out Jenner hard fork on testnet on Oct. 28]

BNB Chain said it will carry out the Jenner hard fork on its testnet on Oct. 28.

The upgrade will introduce Payment Lane, a feature that reserves 5% of block gas by default for payment transactions. It will also add millisecond-level block timestamp support for smart contracts and functions related to CAS20, a new compliance-focused asset standard. The specific timeline for CAS20 availability will be disclosed later.
https://coinness.com/en/news/1172653

[Ripple partners with Arf to provide RLUSD payment liquidity on XRPL]

Ripple has partnered with global payments finance company Arf to provide payment liquidity based on stablecoin RLUSD on the XRP Ledger, CoinDesk reported. Through the collaboration, licensed cross-border payment firms will be able to access short-term working capital using RLUSD. Arf processes $10 billion in annual payments, and the two companies plan to expand liquidity provision for cross-border payments on that basis.
https://coinness.com/en/news/1172654

[Uniswap launches aggregator hooks on Ethereum, Base and Robinhood Chain]

Uniswap’s Aggregator Hooks feature has officially launched on Ethereum, Base and Robinhood Chain, The Block reported. The feature lets Uniswap v4 integrate liquidity from external decentralized exchanges, compare prices across multiple platforms and find the most efficient trading route. At launch, it can access liquidity from Fluid, Curve and PancakeSwap, while protocol fees generated from trades using external liquidity will be used to burn UNI.
https://coinness.com/en/news/1172655

[DFINITY founder alleges NEAR Intents misused proprietary technology]

Dominic Williams, founder of DFINITY, the developer of Internet Computer (ICP), said on X that NEAR Protocol’s cross-chain service "NEAR Intents" misused DFINITY’s proprietary technology.

Williams said NEAR Intents used ECDSA-based threshold signature technology developed by DFINITY as a core component, and alleged a former employee who was fired in 2021 was involved in leaking the technology. Williams also said NEAR appeared to be moving to replace the related algorithm after about two years and six months, adding the matter could lead to legal issues.

The alleged technology misuse and the former employee’s involvement have not been officially confirmed, and NEAR has not issued an official response to the claims.
https://coinness.com/en/news/1172656

[ZachXBT urges full withdrawals from Indian exchange CoinDCX]

If users value their assets, they should withdraw all funds from Indian cryptocurrency exchange CoinDCX, on-chain analyst ZachXBT said on X.

ZachXBT said CoinDCX’s co-founders denied a recently raised hacking incident and were either lying or severely incompetent. ZachXBT added that the exchange later disclosed $16 million in asset losses, but wasted everyone’s time instead of being transparent from the start. ZachXBT also said this was not the first such case and argued that India-based centralized exchanges such as WazirX and Bitbns were all the same.
https://coinness.com/en/news/1172657

[Upbit, Bithumb urge caution in WAXP trading]

South Korean exchanges Upbit and Bithumb have urged caution in WAXP trading through notices posted on their official websites. Explaining the move, Upbit said signs were found suggesting a suspected security issue occurred on the WAX multichain bridge on Oct. 22.
https://coinness.com/en/news/1172658

[Morpho to support stablecoin loans backed by Robinhood Chain stock tokens]

Decentralized lending protocol Morpho said on its official X account it will accept Robinhood Chain-based stock tokens as collateral and support stablecoin loans. In the collaboration, Morpho will provide credit and lending infrastructure, while Robinhood Chain will provide tokenization infrastructure.
https://coinness.com/en/news/1172659

[Blockchain Association urges bipartisan crypto tax legislation in Congress]

The Blockchain Association, a U.S. cryptocurrency lobbying group, sent a letter to House and Senate leaders urging bipartisan legislation on crypto tax rules.

The group said about 67 million Americans hold and use digital assets, but the current tax regime was designed for an earlier economic environment, creating uncertainty and excessive reporting and compliance burdens for taxpayers while driving innovation overseas. The association’s proposed tax principles for cryptocurrencies include a de minimis exemption for small transactions, changes to the taxation of mining and staking rewards, taxpayer privacy protections, taxation based on economic substance, and revisions to wash sale rules. It also launched a website, TaxClarityforAmerica.com, where the public can review related tax rules, track congressional legislative progress, and send feedback to their representatives.
https://coinness.com/en/news/1172660

[Nasdaq falls more than 2% intraday as U.S. stocks decline]

The Nasdaq’s intraday loss widened to 2.22% in U.S. stock trading. The S&P 500 was down 1.35%, while the Dow Jones fell 0.58%.
https://coinness.com/en/news/1172661

[Circle shareholder sues Trump family’s WLFI over UAE-linked deals]

Joel Greenberg, a Circle shareholder and former software engineer, has filed a lawsuit against World Liberty Financial (WLFI), the DeFi project tied to U.S. President Donald Trump’s family, alleging the firm improperly profited from two UAE-linked transactions in violation of the U.S. Constitution’s Foreign Emoluments Clause.
https://coinness.com/en/news/1172662

[Fireblocks denies report of Visa takeover talks]

Crypto custody firm Fireblocks denied reports that it is in talks to be acquired by global payments company Visa, CoinDesk reported. Bloomberg and Axios had earlier reported, citing anonymous sources, that Visa was in late-stage talks to acquire Fireblocks for $2.5 billion. A Fireblocks spokesperson said the company is aware of the acquisition rumors but, for now, has not heard anything about them and they are not true. Fireblocks was valued at $8 billion when it raised $550 million in 2022.
https://coinness.com/en/news/1172663

[Aave founder says AAVE tokenomics 3.0 to add burn and staking mechanisms]

Aave founder Stani Kulechov said during a live stream on X that AAVE tokenomics version 3.0 will add AAVE buybacks, token burns and staking mechanisms.

Last month, Kulechov said on X that the team was considering a program combining buybacks with burns in the AAVE tokenomics 3.0 update. Aave has operated a program since last year to buy back AAVE tokens using part of the protocol’s revenue, but that program did not include burns. AAVE buybacks have also been temporarily suspended since April 19, 2026.
https://coinness.com/en/news/1172664

[Justin Sun says WLFI suit is routine investor action, still backs Trump crypto policy]

Tron founder Justin Sun said his lawsuit against the Trump family’s crypto project World Liberty Financial (WLFI) was a routine exercise of investor rights and does not change his support for President Donald Trump’s cryptocurrency policy.

In a recent interview, Sun said the WLFI project lacked transparency and adequate disclosure, and raised suspected fraud concerns, prompting him to formally file suit in a federal court in California. Sun added the case was an individual dispute and said his support remained unchanged for Trump’s cryptocurrency policy and strategy for developing the artificial intelligence industry.

Sun said the amount tied to the lawsuit with WLFI could reach $400 million to $500 million, but would not have a major impact on his overall asset portfolio. Sun also said he continues to invest in U.S. technology stocks and remains optimistic about approval of a spot TRX ETF, the onchain migration of the U.S. stock market, U.S. dollar strength, and growth in the AI industry.

Separately, Sun filed the lawsuit in April, alleging WLFI had improperly frozen tokens belonging to him as an early investor and restricted his participation in governance voting.
https://coinness.com/en/news/1172665

[Ansem says meme coin opportunity lies in trading demand, not token picking]

Crypto trader Ansem said on X there is a bigger opportunity in building services around speculative trading itself than in predicting the next meme coin to capture market attention.

Ansem added that younger traders are becoming increasingly comfortable with assets whose value is shaped by internet culture, and said their behavior differs significantly from that of traditional investors. While individual memes may emerge and disappear, demand for trading them could prove more durable, Ansem said, adding that Ansem is interested in how developers can turn that recurring trading activity into sustainable businesses and long-term value.
https://coinness.com/en/news/1172666

[Robinhood Chain posts $51.1M in Q3 fees, with just $69.2K in ETH settlement costs]

Robinhood Chain generated $51.11 million in transaction fee revenue in the third quarter, while its Ethereum settlement costs totaled just $69,170, CryptoSlate reported, citing a staking report from crypto asset manager Bitwise.

Of the total fees, about $45.93 million is estimated to have been retained by Robinhood Chain, while the remaining roughly $5.11 million went to the Arbitrum ecosystem, which provides the underlying technology, the report said. CryptoSlate added that about 74% of third-quarter fee revenue was concentrated over a 12-day period, indicating that the sustainability of future earnings remains to be seen.
https://coinness.com/en/news/1172667