SoftBank and Ark are leading investments in Tether Investments.

The UN has integrated blockchain technology into its global pension program to improve identification processes. The organization expressed confidence in the technology's effectiveness and aims to expand its use across all operations and share the advancements with other international agencies.

Kraken is engaged in detailed negotiations to raise new funding, potentially valuing the cryptocurrency exchange at $20 billion. bloomberg

Today's Summary and Weekend Events. https://t.me/bingx1/2147483647

Alpine surged approximately 70% over the past few hours, leading all cryptocurrencies in purchase volume across centralized exchanges (CEXs). At 19:00 Moscow time, Alpine ranked first in buy transactions on Binance Futures, with open interest growth observed at 19:36. Notable purchase activity for Alpine commenced last night.

Separately, SNX entered the top purchase lists across all CEXs at 08:40, with open interest increasing rapidly from 09:36. By 10:06, SNX ranked at the forefront of open interest growth, maintaining this position throughout the trading session. Additionally, SQD experienced over 100% gains today, with large purchase activity beginning yesterday at 23:35 and top purchase rankings across all CEXs by 00:35.

Tether burns $1 billion USDT as stablecoin issuance surges. Over the past week, Circle and Tether collectively minted $6 billion worth of stablecoins.

Yesterday, approximately $418.3 million was withdrawn from the spot Bitcoin ETF, while outflows from the spot Ethereum ETF reached around $248.4 million.

Eric Trump advocates for purchasing Bitcoin during downturns, predicting the cryptocurrency will exceed $1 million in value.

The CEOs of Franklin, Fidelity, Coinshares, Bitwise, Grayscale, VanEck, and Canary have each filed S-1 registration statements for their respective spot ETF proposals, including initial offerings. Industry insiders anticipate approval within approximately two weeks.

Moody's: Rising stablecoin volumes present risks to the economy by undermining monetary policy effectiveness amid inconsistent regulatory oversight. The trend could also impair central banks' capacity to control interest rates and stabilize exchange rates. cointelegraph

Grayscale Research reports that Bitcoin (#BTC) underperformed compared to Ethereum (#ETH) and other cryptocurrencies in Q3, citing profitability metrics to assess the altcoin market.

Citi has increased its forecast for the total market capitalization of stablecoins to $4 trillion by 2030. cointelegraph

Terawulf, a cryptocurrency mining firm, plans to raise approximately $3 billion to fund the development of its data processing facilities. bloomberg #mining

Whale Transactions:

Over the past two days, 16 wallets have collectively received approximately 431,018 ETH, valued at around $1.73 billion, from major entities including Kraken, Galaxy Digital, BitGo, FalconX, and OKX.

Additionally, wallet 0xfb3b transferred out roughly 6.34 million ASTER, equivalent to approximately $12.95 million, from Gate.

A newly identified wallet, 0xd80d, added 30 million USDC to its holdings for Hyperlique and acquired 12.91 million XPL, estimated at about $17.4 million.

The Bitcoin (BTC) Fear & Greed Index stands at 33, signaling market fear.

Crypto.com has received approval from the CFTC to introduce marginal derivatives in the United States.

Salvador's Bitcoin reserves increased by 8 BTC over the past week, according to official sources.

James Winn has launched Long Aster.

Aster's Decentralized Exchange (DEX) revenue exceeds $100 million under unlimited contracts, according to Defillama. In the past week, the platform generated $56.3 million, more than double Hyperlique's $21.75 million and surpassing Circle's $54 million. Aster ranks second in protocol revenue, behind only Tether.

Hype Mercury has announced an effort to add Arthur Hayes’ wallet to a blacklist amid concerns over his sales activities. The firm described Hayes as “the notorious trendline destroyer, a signal of market peaks, and an amateur philosopher,” citing the need to prevent him from re-purchasing Hype tokens.

Previously, Hayes sold 96,600 HYPE tokens for $5.1 million and predicted that the token’s value could increase 126-fold by 2028.

Hype Mercury announced an initiative to blacklist Arthur Hayes’s wallet amid concerns over his sales activities. The company described Hayes as "the notorious trendline destroyer, a signal of market peaks, and an amateur philosopher," citing the need to prevent further purchases of Hype tokens by him.

Previously, Hayes sold 96,600 HYPE tokens for $5.1 million and predicted that the token would appreciate 126-fold by 2028.