[XRP whale holdings reach highest share since November 2022]

Wallets holding at least 10 million XRP now control a combined 46.87 billion XRP, or about 68.5% of total supply, marking the group’s highest share of supply since November 2022, according to Santiment.

A CoinNess analysis indicates those whales have continued to add to holdings while XRP has remained sluggish around $1.29. From a technical perspective, $1.30 is seen as a near-term pivot point, while a recovery to $1.50 could offer a stronger signal supporting a bullish reversal. Holding above $1.20 while whale wallet balances stay elevated is seen as a key gauge of whether accumulation remains intact.
https://coinness.com/en/news/1173027

[New York seeks court order to force Kalshi to hand over sports market records]

New York’s Gaming Commission has begun legal proceedings to compel prediction market platform Kalshi to turn over investigation records tied to sports event contracts, TradingKey reported.

The commission filed a petition with the New York County Supreme Court against Kalshi and its subsidiary KalshiEX LLC, saying the company either failed to respond to a subpoena issued on July 31 or answered some requests inadequately. The requested materials cover four areas:
- records related to sports event contracts
- services provided to New York residents under age 21
- advertising that described the products as gambling or betting
- the company’s ownership structure and governance

The commission plans to use the materials to decide whether to impose penalties on Kalshi and, if so, how large they should be. The petition also alleges Kalshi operated a sports betting business in New York without a license for at least 18 months.

Kalshi has maintained that its event contracts are financial products regulated by the Commodity Futures Trading Commission, putting them outside the scope of state gambling laws.
https://coinness.com/en/news/1173028

[Strategy CEO says STRC to begin daily dividends a week after approval]

Strategy CEO Phong Le said preferred stock STRC plans to begin paying daily dividends a week after receiving regulatory approval.
https://coinness.com/en/news/1173029

[Moody’s flags crypto crash as one of key economic risks over next 12-18 months]

Moody’s Analytics has identified a cryptocurrency market crash as one of the key economic shocks that could emerge over the next 12-18 months, BeInCrypto reported. While Moody’s assessed the likelihood of such a crash as relatively high, it said the damage to the broader economy would likely be comparatively limited. It did not provide a specific probability or price outlook.

Moody’s said four risks could have a larger economic impact than a crypto crash: a sharp sell-off in AI stocks, an escalation of war in Iran, turmoil in the bond market and a policy mistake by the Federal Reserve. With inflation still elevated, further tightening by the Fed could increase pressure on markets, Moody’s said, adding it expects the central bank not to raise rates this week and believes it should refrain from doing so.
https://coinness.com/en/news/1173030

[Shinhan Card tests token payments on Dunamu’s Klaytn-based wallet]

Shinhan Card will begin testing direct payments between blockchain-based wallets with digital asset company Dunamu, The Asia Business Daily reported.

The payment pilot using Dunamu’s Kiva Chain-based wallet is the first such case among card issuers for Shinhan Card. The test will be conducted for employees at a merchant location on the basement first floor of the company’s headquarters in Euljiro, central Seoul, using Dunamu’s public blockchain Kiva Chain and its dedicated Kiva Wallet. Payments will use a token issued by Shinhan Card on Kiva Chain. Dunamu will provide the blockchain infrastructure, while Shinhan Card will directly issue and operate the token.
https://coinness.com/en/news/1173031
See more: https://view.asiae.co.kr/article/2026102708262427097

[Ripple National Trust Bank receives final OCC approval]

Brad Garlinghouse, CEO of Ripple, said the U.S. Office of the Comptroller of the Currency approved Ripple National Trust Bank’s final charter, Cointelegraph reported. The approval establishes a federal-level supervisory framework for RLUSD and Ripple’s institutional cryptocurrency custody services.
https://coinness.com/en/news/1173032

[Monero hash rate nears all-time high]

Monero’s network hash rate reached about 7.12 GH/s as of Oct. 26, approaching a record high, Bitcoin.com reported. The figure remained slightly below the all-time peak of 7.54 GH/s set earlier this year. XMR has risen about 70% over the past year and about 37% since the start of the year. Bitcoin.com said the price gains appear to have improved mining profitability and encouraged more miners to participate.
https://coinness.com/en/news/1173033

[Mochatrade raises $5.6M seed round for India-focused U.S. stock perp platform]

Y Combinator-backed trading platform Mochatrade has raised $5.56 million to offer Indian investors perpetual futures tied to U.S. stock prices, The Block reported. The seed round was led by CoinFund, with participation from Coinbase Ventures and Nikki Montana of Zero Knowledge Ventures.

Mochatrade had previously raised $690,000 in pre-seed funding from Y Combinator and Pioneer Fund. The platform is designed to let Indian users fund accounts in rupees through the Unified Payments Interface, or UPI, and trade perpetual futures contracts tracking U.S.-listed stocks such as Nvidia, Tesla and Apple.

Users can use leverage to bet on both gains and declines in those stocks without directly owning U.S. equities or opening a U.S. brokerage account, and withdrawals are also available in rupees. The company plans to use the new funding to develop its trading technology and acquire customers.

Mochatrade also plans to add U.S. stock options, additional assets and social trading features. It currently has no plans to issue a token.
https://coinness.com/en/news/1173034

[Crypto fear and greed index holds at 43, remaining neutral]

CoinMarketCap’s in-house crypto fear and greed index came in at 43, unchanged from yesterday, with the market remaining in neutral.

The index indicates extreme fear as it approaches zero and extreme optimism as it nears 100. CoinMarketCap calculates the index based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including the put/call ratio, the stablecoin supply ratio (SSR), and CoinMarketCap’s own search data.
https://coinness.com/en/news/1173035

[Hong Kong stablecoin payments firm RedotPay weighs U.S. IPO]

Hong Kong-based stablecoin payments company RedotPay is considering confidentially filing for a U.S. initial public offering by year-end, Bloomberg reported. The company is targeting a $5 billion valuation and is also discussing raising pre-IPO funding.

Founded in 2023, RedotPay offers physical and virtual cards that let crypto holders use their assets for everyday payments. Its business centers on fiat-pegged stablecoins such as the U.S. dollar, with more than 9 million customers and revenue exceeding $180 million. Last year, it raised $194 million, including in a Series B round, with venture arms of Coinbase (COIN) and Circle (CRCL) participating as investors.
https://coinness.com/en/news/1173036

[30,000 BTC-holding addresses lost in 10 days may signal a bottom]

The number of wallet addresses holding a Bitcoin balance has fallen by about 30,000 over the past 10 days, which could signal a market bottom, according to a Santiment analysis cited by Bitcoin.com. In a recent report, Santiment said periods of declining wallet addresses can be interpreted as capitulation selling by small holders in reverse. Santiment added that after roughly 70,000 addresses holding under 10 BTC disappeared in July and August, BTC later rebounded to $85,000. The platform said the first support zone is $80,000, and a rebound may be possible if BTC holds that level and recovers $82,000 during the decline in wallet addresses. It added that if BTC falls below $79,000, the bottoming thesis would weaken.
https://coinness.com/en/news/1173037

[Binance perpetual futures order books freeze across multiple contracts]

A CoinNess analysis found order books on Binance Futures' perpetual futures platform froze across multiple contracts, including BTC. On Binance Futures' BTCUSDT perpetual contract, the displayed BTC futures price was stuck at $80,120, leaving a gap of about $100 versus the mark price and the chart price.
https://coinness.com/en/news/1173038

[BTC spot CVD chart at 12:00 a.m. UTC on Oct. 27]

The spot CVD chart is an order-book analysis of the BTC/USDT spot trading pair. The upper panel shows the volume heatmap, while the lower panel represents cumulative volume delta, or CVD.

- The upper volume heatmap tracks trading volume by price zone. The background becomes brighter when the price stays in a specific range for an extended period or makes a large move. Brighter areas may act as support or resistance.

- The lower CVD indicator reflects buy and sell orders by fund size. As buy orders increase, the line for the corresponding color rises. The yellow line represents orders ranging from $100 to $1,000, while the brown line is based on large orders ranging from $1 million to $10 million.
https://coinness.com/en/news/1173039

[Hong Kong Gold Exchange to adopt Chainlink CCIP for gold-backed token XGZ]

Hong Kong Gold Exchange, the world’s fourth-largest gold exchange by trading volume, will adopt Chainlink’s cross-chain interoperability protocol, or CCIP, for its gold-backed token GoldZip, or XGZ, according to a post by the blockchain oracle project Chainlink (LINK) on X. Chainlink said CCIP will allow XGZ to move across chains more securely.
https://coinness.com/en/news/1173040

[South Korea’s ruling party to discuss further delay to crypto tax]

South Korea’s ruling Democratic Party plans to discuss a further delay to taxation on virtual assets, which is scheduled to take effect in January next year, saying it will closely review tax fairness, predictability and actual implementation conditions, Newsis reported.

Floor leader Han Byung-do said at a National Assembly strategy meeting for the parliamentary audit today that concerns have been raised over whether authorities have secured enough trading data from overseas exchanges to enforce taxation on virtual asset income from January and whether the burden could fall disproportionately on users of South Korean exchanges. Han said the Democratic Party is well aware of those concerns and a range of opinions.

Han added that the party has listened closely to public opinion and plans to hold a general meeting of lawmakers today to gather final internal views before delivering the results to the government. The party will discuss necessary supplementary measures, including a possible delay to the implementation timeline, and will also accelerate legislation of a digital asset framework act to clarify the legal status of virtual assets and establish the backbone of industry regulation for fair taxation.
https://coinness.com/en/news/1173041
See more: https://www.newsis.com/view/NISX20261027_0003842343

[MARA Holdings likely sold another 1,000 BTC, Lookonchain says]

A wallet believed to be linked to Bitcoin miner MARA Holdings (NASDAQ: MARA) deposited 1,000 BTC worth $80.19 million into BitGo six hours ago, suggesting a sale, according to a Lookonchain analysis. Such transfers are typically interpreted as being intended for selling. MARA Holdings has continued this year to sell mined and held BTC to raise cash, and it was also estimated to have sold the same amount last week.
https://coinness.com/en/news/1173042

[BlackRock explores linking tokenized MMF with yen stablecoin]

BlackRock is jointly reviewing a plan to link a tokenized money market fund with a yen-denominated stablecoin alongside Japanese financial group SBI Holdings and blockchain company Startale Group, The Block reported.

The collaboration will focus on connecting SBI-issued yen stablecoin JPYSC with a tokenized MMF across three areas: technology and infrastructure, business models and distribution, and regulatory and market development. The parties plan to examine the technical requirements and infrastructure needed to integrate the two assets, explore business models and distribution opportunities using each company’s network and market access, and review regulatory trends related to tokenized assets and stablecoins. The cooperation will also be open to financial institutions and companies in Japan and overseas.
https://coinness.com/en/news/1173044

[KOSPI buy-side sidecar triggered after 4 trading days]

South Korea’s Korea Exchange triggered a buy-side sidecar as gains in the KOSPI widened. It was the first such move in four trading days since Oct. 21. The KOSPI was trading at 5,701.12, up 4.26% from the previous session. A sidecar is designed to prevent sharp moves in the futures market from spilling over into the spot market, and is triggered when KOSPI 200 futures rise or fall more than 5% from a reference price for more than one minute.
https://coinness.com/en/news/1173045

[SEC delays effective date for GraniteShares 3x XRP ETF filing to Nov. 30]

The U.S. SEC has delayed the effective date of registration documents tied to GraniteShares’ leveraged XRP ETFs to Nov. 30, according to CoinGape.

CoinGape said an amended filing submitted on Oct. 26 includes the GraniteShares 3x Long XRP Daily ETF and the GraniteShares 3x Short XRP Daily ETF, along with leveraged Bitcoin, Ethereum and Solana products. The filing was intended to postpone the effective date and did not specify any link to the Nov. 3 U.S. midterm elections or give a detailed reason for the delay, the outlet said. CoinGape added that the move extends the wait for investors expecting new XRP-related investment products.
https://coinness.com/en/news/1173046

[Two whales deposit $11.7M in ETH to exchanges]

Two anonymous addresses deposited about 5,000 ETH worth $11.69 million to Kraken and Binance, according to ai_9684xtpa.

One address starting with 0x882 deposited 2,558.85 ETH worth $5.9 million to Kraken, with an average entry price of $2,880. Another address starting with 0x5a3 deposited 2,511 ETH worth $5.79 million to Binance. Exchange deposits are typically seen as intended for selling.
https://coinness.com/en/news/1173047

[Ethereum whale from 2015 ICO deposits 3,000 ETH to exchanges in 24 hours]

An Ethereum whale address beginning with 0x6C67, which bought 100,000 ETH at $0.311 each during the 2015 ETH ICO, has continued selling ETH, according to ai_9684xtpa. Over the past 24 hours, the whale deposited 3,000 ETH to exchanges. If sold at current prices, the position would represent a 746,324% return.

The whale still holds 47,000 ETH on-chain. Yesterday, the address also transferred more than $100 million in stablecoins to multiple exchanges, market makers and OTC desks, although the purpose was unclear.
https://coinness.com/en/news/1173048