BingX Crypto & Financial News
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Bernstein forecasts that by the end of 2027, the supply of USDC will triple, representing one-third of the stablecoin market. theblock.com
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Stablecoins are experiencing a resurgence on exchanges after the recent market decline, with over $3.2 billion entering the sector this week. This marks one of the largest liquidity inflows in the past month, suggesting traders are positioning ahead of the upcoming consumer price index (CPI) release. A lower-than-expected CPI could potentially trigger a market rally.
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Gold continues to reach new highs, maintaining a strong correlation with Bitcoin. The notion of digital gold remains relevant, as demand for inflation hedging persists.
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Bitcoin has stabilized above the 135-day moving average, according to Glassnode, while the MVRV Young Supply Index has returned to 1.0. This suggests a cooling trend in the market while maintaining its overall structure.
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WisdomTree has launched a physically backed Exchange-Traded Product (ETP) for Stellar Lumens (XLM) across Europe. coindesk.com
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BlackRock CEO reveals development of proprietary asset tokenization technology, while estimating that digital wallets hold more than $4.5 trillion in cryptocurrencies, stablecoins, and tokenized assets, with expectations of swift market expansion.
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S&P Global Ratings is partnering with Chainlink to provide its stablecoin stability assessments directly on blockchain networks.
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Circle selects Safe platform as preferred institutional custody provider for USDC stablecoin.
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Monad has released MON stamps.
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BingX Crypto & Financial News
Monad has released MON stamps.
.MON Allocation Criteria: Prominent decentralized exchange traders, including participants on Hyperliquid and Phantom Wallet across spot and perpetual markets; traders engaging with tokens from Pump.fun, Virtuals, and other platforms. Key contributors to leading DeFi protocols such as Aave, Euler, Morpho, Pendle, Lighter, Curve, PancakeSwap, and Uniswap. Long-term holders of various NFTs, including Azuki, Chimpers, CryptoPunks, Doodles, Fluffle, Hypurr, Mad Lads, Meebits, Milady Maker, Moonbirds, Pudgy Penguins, Redacted Remilio Babies, Sappy Seals, Solana Monkey Business, and Wassies.
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BingX Crypto & Financial News
A former partner at Pantera will lead Solmate in the UAE, as the company plans to acquire SOL for $300 million.
Brera Holdings, operating under Solmate, has announced the acquisition of $50 million worth of SOL from the Solana Foundation.
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BingX Crypto & Financial News
Circle selects Safe platform as preferred institutional custody provider for USDC stablecoin.
A pump and dump pattern has emerged for SAFE following news of a partnership with Circle, according to a Telegram post. Immediately after the announcement, SAFE experienced a surge in purchasing activity; however, this was soon followed by substantial sell-offs, leading to a decline in the token's value. A chart depicting the price movement is available.
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BingX Crypto & Financial News
Circle selects Safe platform as preferred institutional custody provider for USDC stablecoin.
Bloomberg – The value of SAFE tokens experienced heightened volatility following news of a partnership with Circle, triggering a rapid surge in buying activity. Shortly thereafter, a sharp sell-off ensued, leading to a decline in the token's price. More details can be viewed on the chart.
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The United States is pursuing the forfeiture of 127,271 Bitcoin (valued at $12 billion) associated with a cross-border pig butchering fraud scheme operated by Chinese national Chen Zhi, according to the U.S. District Court for the Eastern District of New York.
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BingX Crypto & Financial News
The United States is pursuing the forfeiture of 127,271 Bitcoin (valued at $12 billion) associated with a cross-border pig butchering fraud scheme operated by Chinese national Chen Zhi, according to the U.S. District Court for the Eastern District of New York.
DB: The 127,271 BTC the US plans to seize are owned by LuBian, from which hackers stole these Bitcoins in 2020. The coins have remained untouched since then. It is unlikely that the US will succeed in confiscating them.

Earlier: The hackers who targeted LuBian have not yet sold the 127,426 BTC.
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BingX Crypto & Financial News
DB: The 127,271 BTC the US plans to seize are owned by LuBian, from which hackers stole these Bitcoins in 2020. The coins have remained untouched since then. It is unlikely that the US will succeed in confiscating them. Earlier: The hackers who targeted LuBian…
The U.S. Department of Justice has filed a civil forfeiture action to seize roughly 127,271 Bitcoin, valued at approximately $15 billion, tied to the alleged fraudulent and money laundering activities of Prince Group. The funds were held in unattended cryptocurrency wallets controlled by the defendant. The seized cryptocurrency is now in the custody of the U.S. government.
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Binance Launches $400 Million Together Initiative to Support Users Amid Market Volatility
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The top 10 NFT collections by trading volume over the past 30 days.
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BingX Crypto & Financial News
China warns it will 'fight to the very end' if the U.S. escalates trade tensions.
The US Trade Representative indicated that the decision to implement tariffs starting November 1 will depend on China's subsequent actions.
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