[Robinhood crypto revenue falls as prediction market business expands]

Robinhood (HOOD) said third-quarter cryptocurrency-related revenue fell below prediction market revenue, according to CryptoSlate.

Robinhood posted $120 million in crypto-related revenue for the third quarter, down 55% from a year earlier. Crypto’s share of total revenue also fell to 8.4% from 21%. By contrast, prediction market revenue rose more than sixfold. Strength in the prediction market business helped lift total revenue 12% to a record $1.42 billion, while net income fell 14% to $476 million.
https://coinness.com/en/news/1173298

[PerpDEX open interest jumps in Q3 as trading volume declines]

Open interest on decentralized perpetual futures exchanges rose about 76% from the previous quarter to $24 billion in the third quarter, while trading volume fell about 16% to $1.4 trillion, according to Unfolded.

Hyperliquid (HYPE) posted $13 billion in open interest, more than doubling and accounting for about 53% of the total. HIP-3-based trade[xyz] recorded about $3.9 billion in open interest. Open interest at Variational, Writer and Aster also increased about 78%, 107% and 66%, respectively.
https://coinness.com/en/news/1173299

[Bessent says Treasury will push to close crypto regulatory gap regardless of legislation]

U.S. Treasury Secretary Scott Bessent said the Treasury Department will move to close the crypto regulatory gap between the U.S. SEC and the CFTC regardless of whether Congress takes legislative action. The comment indicates Treasury will continue pushing to align the two agencies' regulatory frameworks even if related bills stall in Congress.
https://coinness.com/en/news/1173300

[Canton-based infrastructure firm Cancore raises $7.2M in seed round]

Cancore, a cross-chain payments infrastructure company built on Canton Network (CC), announced it raised $7.2 million in a seed round.

Participants in the round included Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures and Proof of Talk. Cancore is building atomic-swap settlement infrastructure that allows Canton-based assets to be exchanged for assets on public blockchains without handing custody to centralized exchanges or using wrapped tokens. The funding will be used to develop infrastructure linking assets with liquidity on public blockchains.
https://coinness.com/en/news/1173301

[DTCC launches tokenization service on Canton Network]

DTCC, which custodies $114 trillion in assets, has launched a tokenization service on the Canton Network, a privacy-focused blockchain for institutional finance, according to Canton Network. The service allows the issuance of tokens representing Russell 1000 index constituents, major index exchange-traded funds, and U.S. Treasurys in digital form.
https://coinness.com/en/news/1173302

[Bitcoin moves sideways as ETF demand weakens, volatility compresses: Glassnode]

Bitcoin has been trading sideways as ETF demand weakens and volatility compresses to levels last seen in the summer of 2023, according to a recent Glassnode report. Glassnode said long-term holders currently hold about 4 million BTC bought in the $85,000-$118,000 range, with more than half of those positions underwater. It estimated the average cost basis for spot ETF buyers at $81,500, the broader market’s realized price at $77,900, and short-term holders’ cost basis at $75,800. The report added that although $653 million flowed in on Oct. 19, most of the capital that entered ETFs has since flowed back out, leaving net inflows over the past two weeks at just $67 million. BTC’s one-month realized volatility stands at 25%, matching levels seen in the summer of 2023, while stock and commodity perpetual futures trading volume on Hyperliquid’s HYPE has overtaken BTC, Glassnode said.
https://coinness.com/en/news/1173303

[Ripple sees $900M in revenue this year]

Ripple expects to post $900 million in revenue by the end of this year, according to The Block. At its annual Swell 2026 conference, the company said the outlook reflects growth in customers and partners. Ripple added that cumulative payment network volume is nearing $150 billion and RLUSD’s market capitalization stands at $2.6 billion. The company also said it received final approval from the U.S. Office of the Comptroller of the Currency on Oct. 26 for the establishment of a national trust bank and expanded partnerships with firms including BNY and Aviva Investors.
https://coinness.com/en/news/1173304

[Compound co-founder accumulates another $900K in COMP]

A wallet believed to belong to Compound co-founder Robert Leshner bought an additional 40,000 COMP worth about $900,000 around one hour ago through Genesis Trading and an unidentified address, according to Arkham data. The wallet’s COMP holdings have now increased to about 55,000 tokens, valued at roughly $1.2 million.
https://coinness.com/en/news/1173305

[Chainlink brings S&P Global Ratings vault risk assessments onchain on Base]

Chainlink said an integration to deliver vault risk assessments from S&P Global Ratings onchain is now live on Base. The blockchain oracle project said the integration, built using DataLink and CRE, provides independent vault risk analysis for a $10 billion lending vault market. It added the rollout expands the two sides’ existing collaboration, which had previously brought stablecoin stability assessments onchain.
https://coinness.com/en/news/1173306

[Bloomberg analyst says FOMC will shape BTC direction, warns against fighting the Fed]

The Federal Open Market Committee meeting scheduled for 6:30 p.m. UTC today will determine Bitcoin’s direction, Bloomberg Intelligence senior commodity strategist Mike McGlone said. McGlone said weakening leading economic indicators were failing to play their usual role, and if BTC regains some of its lost momentum alongside the stock market’s advance, the likelihood of continued Federal Reserve tightening will increase. He added that traders should not fight the Fed when trading assets such as BTC and gold that are highly correlated with the U.S. stock market.
https://coinness.com/en/news/1173307

[Birch Hill raises $4M seed round led by Multicoin Capital]

New York startup Birch Hill, founded by former Goldman Sachs and BlackRock executives, has raised $4 million in a seed round led by Multicoin Capital, Decrypt reported. ParaFi Capital, Castle Island Ventures and Nascent also participated. Birch Hill is operating across three areas including MORPHO-based vaults, on-chain credit products and securities, and is pushing on-chain securitization of U.S. housing, agriculture and energy loans.
https://coinness.com/en/news/1173308

[Cysic burns 7.2M CYS on BNB Smart Chain after bridge security incident]

Zero-knowledge proof computing network Cysic (CYS) said it has completed the burn of 7.2 million CYS on BNB Smart Chain to offset unauthorized token issuance caused by a bridge security incident. Cysic said two burn transactions were confirmed on-chain, permanently reducing the token supply on BNB Smart Chain and bringing it back in line with the project’s tokenomics.
https://coinness.com/en/news/1173309

[US stocks open higher]

The three major U.S. stock indices opened higher today.
- S&P 500: +0.2%
- Nasdaq: +0.32%
- Dow Jones: +0.07%
https://coinness.com/en/news/1173310

[XION completes Fermi mainnet upgrade]

XION, a decentralized information-verification network for AI agents, announced it has successfully implemented its Fermi mainnet upgrade. The upgrade has made the blockchain quantum-resistant, according to XION.
https://coinness.com/en/news/1173311

[Bank of Canada raises rates by 0.25 percentage point as expected]

The Bank of Canada raised its benchmark interest rate by 0.25 percentage point to 2.50% from 2.25% on Oct. 28, marking its first rate hike in more than three years and matching market expectations.
https://coinness.com/en/news/1173312

[Aave adjusts USDT variable borrowing rate structure on Ethereum]

Aave has adjusted the variable borrowing rate structure for USDT on Ethereum, The Defiant reported. Under the change, borrowing rates will rise faster than before as liquidity in the lending pool declines. Interest already accrued on existing loans is unaffected, and the revised rates will apply only to interest generated going forward.
https://coinness.com/en/news/1173313

[DTCC plans initial launch on Stellar]

Stellar (XLM), a blockchain-based payments network, said DTCC plans to launch first on Stellar. At Meridian2026, participants discussed the rationale behind building DTCC’s open network, and Stellar said the network was seen as meeting the required blockchain standards.
https://coinness.com/en/news/1173314

[Hyperliquid Labs to unlock 180,000 HYPE today]

Hyperliquid Labs said it plans to unlock 180,000 HYPE today. The unlocked tokens will be distributed to team members on Nov. 6.
https://coinness.com/en/news/1173315

[Ethena Pay deposits near $10M, with about $2M in new Earn vault]

Ethena Pay deposits have approached $10 million, with about $2 million of that placed in the new Earn vault, on-chain analyst Tom Wan said. The vault is managed by SteakhouseFi and is currently offering a yield of about 12.7% through a looping strategy based on AAVE v4. Wan expects deposits in USDe and Ethena Pay to increase further with the planned rollout of the Earn+ feature.
https://coinness.com/en/news/1173316

[Google Cloud develops MPC service for institutional BTC custody]

Google Cloud said it is developing a multi-party computation, or MPC, service to support Bitcoin custody for financial institutions, according to Cointelegraph. The technology is designed to let multiple participants jointly approve and sign cryptocurrency transactions without any single institution controlling the entire private key, and it is currently in preview.
https://coinness.com/en/news/1173317

[Pump.fun adds perp futures trading via Hyperliquid in app]

Pump.fun announced support for perpetual futures trading via Hyperliquid within its app. Users can take long or short positions on cryptocurrencies, stocks and commodities using their USDC balances without a separate bridge.
https://coinness.com/en/news/1173318