[Sky ecosystem posts $37.19M Q3 net profit, up 11.8% from previous quarter]

The Sky ecosystem posted $37.19 million in net profit in the third quarter, up 11.8% from the previous quarter, according to a recent report from the Sky Frontier Foundation for Sky, formerly MakerDAO. The ecosystem has now recorded profits for six straight quarters. Its profit margin rose around 6.5 percentage points to 37.5% from 31% in the previous quarter. Total protocol revenue came to $99.29 million, up 14.2% from a year earlier but down 7.4% from the previous quarter, while total expenses fell 16.0% quarter on quarter to $62.10 million. According to CoinMarketCap, SKY was recently trading at $0.06516, up 0.47%.
https://coinness.com/en/news/1173504

[US stocks open lower]

The three major U.S. stock indices opened lower today.
- S&P 500: -0.47%
- Nasdaq: -1.36%
- Dow Jones: -0.47%
https://coinness.com/en/news/1173505

[Upbit suspends NEO, GAS deposits and withdrawals on NEO N3 network]

Upbit announced a temporary suspension of deposits and withdrawals for NEO and GAS on the NEO N3 network due to a network issue. South Korean exchange Bithumb had earlier taken the same step.
https://coinness.com/en/news/1173506

[Ondo Finance launches seven tokenized portfolios on Solana]

Ondo Finance announced the launch of seven Ondo Intelligent Portfolios on Solana, including three BlackRock-based offerings. The portfolios are offered as single transferable on-chain tokens across income, growth, and thematic investment strategies. Each token combines multiple assets, allows holders to view underlying holdings transparently, and supports programmatic rebalancing. Launch partners for wallets and apps include Titan, 1inch, LI.FI, and Jumper.
https://coinness.com/en/news/1173507

[BTC holds up despite headwinds, signaling market resilience: analyst]

Bitcoin has held its price range with a more limited decline than expected despite a string of negative developments, cryptocurrency analyst KillaXBT, who has about 241,000 followers on X, said.

KillaXBT said headwinds included the Federal Reserve’s hawkish stance, concerns over a rise in the U.S. Consumer Price Index, a sharp jump in global sovereign bond yields, gains in the U.S. dollar index (DXY), the Ledger wallet hack, and concerns that Strategy (MSTR) could be removed from an index. KillaXBT added that BTC should already have fallen below $70,000 given that level of bad news, but the market has been absorbing the pressure and holding up, which could signal the kind of resilience seen in a bull market.
https://coinness.com/en/news/1173508

[Hong Kong payment firm PhotonPay raises $40M in Series C round]

Hong Kong-based payment company PhotonPay said it raised $40 million in a Series C funding round led by Blockchain Capital.

SBI Group joined as a new investor, while existing backers including IDG Capital, GL Ventures and Lightspeed Faction also participated in the follow-on investment. PhotonPay plans to use the funds to strengthen multi-asset wallet features, expand global card issuance, build out local settlement infrastructure and develop financial systems for AI agents as it expands its stablecoin-focused Financial OS. The operating system connects stablecoins with traditional financial networks to support corporate cross-border remittances, local payments and business spending.
https://coinness.com/en/news/1173509

[Litecoin, Luxxfolio sign LOI to explore institutional use of mined LTC]

Litecoin said it signed a letter of intent with listed Litecoin miner Luxxfolio to explore ways to use LTC mined by Luxxfolio in institutional markets on Canton Network. Luxxfolio, based in British Columbia, is the first ecosystem partner for cLTC.
https://coinness.com/en/news/1173510

[Backpack partners with SK Securities to pursue Korean stock trading access]

Crypto exchange Backpack announced today that it has signed a business agreement with SK Securities to expand global investors’ access to South Korea’s stock market.

The partnership, signed on Oct. 22, aims to combine SK Securities’ expertise in capital markets with Backpack’s global network to offer qualified overseas investors access to South Korean stock trading through the Backpack app. Backpack said the two sides also laid the groundwork for cooperation in security tokens and tokenized real-world assets, or RWAs, based on Backpack’s existing U.S. securities trading platform, adding that the partnership is intended to connect traditional financial markets with blockchain-based financial infrastructure.
https://coinness.com/en/news/1173511

[More companies oppose stock tokenization listings on OKXICE]

The number of companies opposing stock tokenization listings on OKXICE, a joint platform between crypto exchange OKX and ICE, the parent company of the New York Stock Exchange, has risen to 38 from 33. According to an Oct. 28 notice from OKXICE, five companies were added to the opposition list: Eli Lilly, Carnival, Arcos Dorados, Walmart and Cigna. JPMorgan, AMD, Coca-Cola and Adobe had previously also expressed opposition.
https://coinness.com/en/news/1173512

[LOBSTR becomes first wallet to support WalletConnect Pay on Stellar]

WalletConnect (WCT), a cryptocurrency wallet connectivity protocol, announced LOBSTR has become the first wallet to support WalletConnect Pay on the Stellar network. LOBSTR users can now make payments to merchants directly from the wallet.
https://coinness.com/en/news/1173513

[Alice&Bob says 30,000-qubit quantum computer could crack BTC wallet in 62 minutes]

European quantum computing startup Alice&Bob said a quantum computer with 30,000 qubits could crack a Bitcoin wallet’s encryption in 62 minutes, according to CoinDesk.

Alice&Bob said more than six million BTC held at addresses with already exposed public keys could be potential attack targets and funds should begin to be moved, while adding the findings are theoretical and would require advances in hardware and power efficiency.

The estimate is one-seventeenth of the level presented by Google in March. At the time, Google presented a report indicating a quantum computer with 500,000 qubits could crack BTC encryption.
https://coinness.com/en/news/1173514

[Canton Foundation grants 15.8 million CC to RedStone]

Canton Foundation announced it has awarded a grant of 15.8 million CC to blockchain oracle network RedStone. Based on the funding, RedStone plans to develop an open-source pricing tool that would allow institutions to share market prices without exposing trading terms. The grant is set to be paid quarterly from a development fund that will be financed with 5% of future CC issuance.
https://coinness.com/en/news/1173515

[Elastos rolls out mandatory ELA v1.0.3 upgrade for mainchain nodes]

Elastos, a Layer 1 blockchain focused on the decentralized internet, announced the release of ELA v1.0.3, a mandatory upgrade for all Elastos mainchain nodes. The new version strengthens validation and improves block production under heavy load, peer handling, synchronization, and recovery after restart. All mainchain nodes must complete the upgrade before Nov. 16.
https://coinness.com/en/news/1173516

[Zama says encrypted-amount cUSDT is now live on Ethereum]

FHE-based privacy infrastructure provider Zama said Confidential USDT, or cUSDT, which encrypts on-chain transfer amounts, is now operating on Ethereum. Zama said cUSDT keeps payment amounts encrypted when users pay contractors, suppliers and employees on-chain, and can be used without bridging.
https://coinness.com/en/news/1173517

[Chainlink launches 24/7 price feeds for tokenized assets, adds Aave as first partner]

Chainlink has launched Chainlink 24/7, a service that provides prices for traditional assets such as stocks and commodities on weekends and holidays, and has secured Aave as its first partner, CoinDesk reported. The service combines regular and after-hours session prices with quotes from perpetual futures exchanges after traditional markets close to deliver continuous asset-specific pricing.

Aave will apply the service to price feeds for Horizon, its institutional lending platform, starting with heavily traded U.S. stock tokens, according to CoinDesk.
https://coinness.com/en/news/1173518

[Uniswap launches TJAR to swap fee income into a chosen token]

Uniswap (UNI) has launched TJAR, a feature that lets users swap fee income into a designated cryptocurrency, according to its official X account. Uniswap said users earn income through a range of activities, but most prefer to receive it in a single cryptocurrency such as a stablecoin or Ethereum (ETH). Through TJAR, users can create a single-cryptocurrency income structure.
https://coinness.com/en/news/1173519

[Injective Trench Treasury buys 5% of RUNNER supply]

Injective said Injective Trench Treasury bought 5% of the RUNNER supply from RunUp, which is developing a token launch model using Injective’s native perpetual futures market. The model allocates trading fees to an on-chain treasury strategy, uses proceeds to support token buybacks, and provides INJ rewards to holders based on platform activity. Injective also reaffirmed its policy of not selling assets purchased by the Trench Treasury in the future.
https://coinness.com/en/news/1173520

[Alchemix halts L2 alAsset bridging, keeps Optimism route open for now]

Lending protocol Alchemix (ALCX) said under AIP-124 it will halt alAsset bridging across all layer-two networks, while temporarily keeping bridging to Optimism available. Alchemix said Optimism has become the main hub for remaining L2 alAsset liquidity.
https://coinness.com/en/news/1173521

[BTC rises above $81,000]

According to CoinNess market monitoring, BTC has risen above $81,000. BTC is trading at $81,019.51 on the Binance USDT market.
https://coinness.com/en/news/1173522

[KuCoin to help affected users close positions, withdraw assets amid service changes]

Crypto exchange KuCoin (KCS) said it is prioritizing clear guidance and necessary support so users affected by its service adjustments can move through the transition smoothly. The process includes closing positions and withdrawing assets. KuCoin said regulatory compliance is central to its operations and guides decisions on where and how it provides services.
https://coinness.com/en/news/1173523

[Canton Strategic to pursue first issuer-sponsored tokenized stock trading by U.S. listed firm]

Canton Strategic Holdings (CNTN) is moving to launch what would be the first issuer-sponsored tokenized stock trading by a U.S.-listed company, The Block reported. The trading is set to take place on a platform operating under a new tokenization regulatory framework built on the U.S. SEC’s innovation exemption framework announced in September. Under the plan, CNTN will tokenize its common stock through on-chain securities infrastructure firm Fairmint and make it available for trading on TSV, a Canton Network-based trading platform. Trading could begin as early as Nov. 2, The Block reported.
https://coinness.com/en/news/1173524