PR Newswire
Chainlink and 24 Leading Financial Market Participants Advance Industry Initiative To Solve $58 Billion Corporate Actions Problem
/PRNewswire/ -- Chainlink, the industry-standard oracle platform, announced today the results of the second phase of an industry initiative to standardize and...
Chainlink, together with 24 major financial giants β including SWIFT, DTCC, Euroclear, UBS, BNP Paribas and others β is tackling a $58B problem in the financial industry.
Currently, about $58 billion a year is spent on manual verification of corporate actions (dividends, stock splits, mergers, etc.).
Solution:
AI technologies + Chainlink oracles + blockchain β turning a process that now takes days into one that takes minutes.
Currently, about $58 billion a year is spent on manual verification of corporate actions (dividends, stock splits, mergers, etc.).
Solution:
AI technologies + Chainlink oracles + blockchain β turning a process that now takes days into one that takes minutes.
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Pavel Durov is launching an AI laboratory in Kazakhstan.
β¦ At the Digital Bridge 2025 forum, the Telegram founder announced the opening of a new AI lab in Kazakhstan.
β¦ The project is being implemented in partnership with the countryβs supercomputer cluster and the Ministry of Artificial Intelligence and Digital Development.
β¦ Goal β to give over 1 billion users access to AI technologies with privacy, transparency, and high efficiency.
β¦ Kazakhstanβs supercomputer cluster will become the first major provider of computing power for the AI lab.
β¦ Telegram had already joined Astana Hub and is now strengthening its presence in the region.
β¦ Durov added that in recent months, the Telegram team has been developing a new technology at the intersection of blockchain and AI.
β¦ At the Digital Bridge 2025 forum, the Telegram founder announced the opening of a new AI lab in Kazakhstan.
β¦ The project is being implemented in partnership with the countryβs supercomputer cluster and the Ministry of Artificial Intelligence and Digital Development.
β¦ Goal β to give over 1 billion users access to AI technologies with privacy, transparency, and high efficiency.
β¦ Kazakhstanβs supercomputer cluster will become the first major provider of computing power for the AI lab.
β¦ Telegram had already joined Astana Hub and is now strengthening its presence in the region.
β¦ Durov added that in recent months, the Telegram team has been developing a new technology at the intersection of blockchain and AI.
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Cointelegraph
Morgan Stanley: Crypto Allocation of up to 4% Ok in Higher Risk Portfolios
Morgan Stanley, a financial services giant, issued guidelines to investment advisors for the inclusion of cryptocurrencies in investment portfolios.
Finance giant Morgan Stanley recommends a βconservativeβ crypto allocation to its clients β analysts suggest allocating up to 4% of crypto assets in βopportunistic growthβ portfolios, designed for a higher level of risk and potentially greater returns.
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Cointelegraph
Malta Charity Standoff Leaves $37M Binance Donation Stranded
Binanceβs 2018 $200,000 BNB donation to support terminally ill cancer patients in Malta remains unclaimed, its value having surged to roughly $37 million.
A $200,000 donation (30,644 BNB) made by Binance in 2018 to a Maltese cancer aid foundation has grown to $37 million over the years β but remains unused due to a dispute between the exchange and the local charity over recipient verification.
Binance insists on verifying patient data to transfer the funds directly, while the foundation refuses to share patientsβ personal information.
As a result, the donation made back in 2018 has turned into a sizable fortune β yet the aid has still not reached those in need.
Binance insists on verifying patient data to transfer the funds directly, while the foundation refuses to share patientsβ personal information.
As a result, the donation made back in 2018 has turned into a sizable fortune β yet the aid has still not reached those in need.
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Bloomberg.com
BlackRock Hauls in $205 Billion as Private Assets Accelerate
BlackRock Inc. pulled in $205 billion of client money in the third quarter as the worldβs largest fund manager expanded its footprint in private credit and alternative assets.
BlackRock is developing its own technology for asset tokenization β Larry Fink.
BlackRock's balance sheet holds over $4.5 trillion in cryptocurrency, stablecoins, and tokenized assets. The market is projected to continue its rapid growth.
BlackRock's balance sheet holds over $4.5 trillion in cryptocurrency, stablecoins, and tokenized assets. The market is projected to continue its rapid growth.
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When the marketβs full of noise, Nitro stays sharp and delivers the best results
ZORA +179% Full Target
XAN +59%
MUBARAK +75%
IN +166% Full Target
BTC +65%
BNB +37%
With Nitro, youβre always first in, first out, and first to profit
Join now and don't miss the next calls!
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Solana has discontinued support for the Saga smartphone two years after its release
πSolana Mobile has announced the end of the life cycle for its first smartphone, the Saga. The device will no longer receive firmware updates or security patches. Technical support has also been terminated; users will only have access to answers to general questions.
πThe Saga smartphone was released in 2023 but initially failed to generate interest. Developers even considered shutting down the project. However, the situation was turned around by the built-in crypto wallet, which came with free tokens on the Solana network, including the memecoin BONK. At the end of 2023, its price increased nearly 100-fold, which sharply boosted demand for the device.
πFollowing this, the Saga smartphones sold out within days, and were resold on the secondary market for between $2,000 and $5,000. Some unopened devices can still be found for sale today.
In 2024, the company introduced the next-generation Solana Seeker smartphone and began its first deliveries in August 2025.
πSolana Mobile has announced the end of the life cycle for its first smartphone, the Saga. The device will no longer receive firmware updates or security patches. Technical support has also been terminated; users will only have access to answers to general questions.
πThe Saga smartphone was released in 2023 but initially failed to generate interest. Developers even considered shutting down the project. However, the situation was turned around by the built-in crypto wallet, which came with free tokens on the Solana network, including the memecoin BONK. At the end of 2023, its price increased nearly 100-fold, which sharply boosted demand for the device.
πFollowing this, the Saga smartphones sold out within days, and were resold on the secondary market for between $2,000 and $5,000. Some unopened devices can still be found for sale today.
In 2024, the company introduced the next-generation Solana Seeker smartphone and began its first deliveries in August 2025.
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The paid messaging platform ReachMe on BNB Chain, through which CZ once accepted personal messages for 1 BNB, has announced it is shutting down.
The experiment with "monetized communication" failed to gain a foothold in the market.
The experiment with "monetized communication" failed to gain a foothold in the market.
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JPMorgan to Allow Bitcoin and Ethereum as Collateral for Loans
π The largest US bank, JPMorgan Chase, plans to allow institutional clients to use Bitcoin and Ethereum directly as collateral for loans, Bloomberg reports, citing sources. The program is expected to launch by the end of the year and will be available globally.
π The cryptocurrencies will be held by a third-party custodian. The new service expands the bankβs existing practices; in June, JPMorgan began accepting shares of cryptocurrency ETFs as collateral.
π JPMorgan CEO Jamie Dimon remains skeptical of cryptocurrencies, having repeatedly called Bitcoin a βtool for criminals.β In May, at a meeting with investors, he stated that the bank would nonetheless provide clients with access to crypto, despite his personal views.
βI donβt think you should smoke, but Iβm not taking that right away from you. Itβs the same with Bitcoin,β Dimon said at the time, commenting on the bankβs plans.
βI donβt think you should smoke, but Iβm not taking that right away from you. Itβs the same with Bitcoin,β Dimon said at the time, commenting on the bankβs plans.
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100β€51π23π―11π₯8π8π6π5π€5π₯°1π1
JPMorgan Estimates the Market Cap of a Potential Base Token at $34,000,000,000
The American bank sees the potential launch of a token as a new source of monetization for Coinbase.
Details:
β’ The token's potential market cap is $12β34 billion.
β’ Coinbase's share could be up to 40% of the total issuance (equivalent to $4β12 billion in equity value).
β’ The stock price target has been raised to $404 (currently ~$355).
β’ Rating: "Overweight" β a positive outlook.
Why it matters:
β’ Coinbase is increasing its focus on the Base ecosystem and the yield from the stablecoin #USDC.
β’ JPMorgan believes that tokenizing the network would allow it to "capitalize on the success" of the project, which has already surpassed $5 billion in TVL and 9 million daily transactions.
Furthermore, Coinbase may change the USDC interest accrual system, making it available only to paid Coinbase One subscribers.
This would allow the company to save approximately $374 million annually, which it currently pays out to all users.
P.S. Coinbase is currently only "exploring the idea" of a Base token β no final plans exist.
The American bank sees the potential launch of a token as a new source of monetization for Coinbase.
Details:
β’ The token's potential market cap is $12β34 billion.
β’ Coinbase's share could be up to 40% of the total issuance (equivalent to $4β12 billion in equity value).
β’ The stock price target has been raised to $404 (currently ~$355).
β’ Rating: "Overweight" β a positive outlook.
Why it matters:
β’ Coinbase is increasing its focus on the Base ecosystem and the yield from the stablecoin #USDC.
β’ JPMorgan believes that tokenizing the network would allow it to "capitalize on the success" of the project, which has already surpassed $5 billion in TVL and 9 million daily transactions.
Furthermore, Coinbase may change the USDC interest accrual system, making it available only to paid Coinbase One subscribers.
This would allow the company to save approximately $374 million annually, which it currently pays out to all users.
P.S. Coinbase is currently only "exploring the idea" of a Base token β no final plans exist.
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The public sale of the MEGA token by the MegaETH project has concluded with record-breaking results β over 50,000 participants and more than $1.39 billion in funds raised, making it one of the largest ICOs in the history of crypto projects.
Some investors (amounting to approximately $127 million) agreed to lock up their tokens for one year to receive a larger allocation. Bids priced below $0.0999 have already been rejected, with the remaining bids to be reviewed until November 5th. Currently, on the pre-market, MEGA is trading around $0.42 β more than four times the minimum sale price.
MegaETH is a startup building a second-layer (L2) solution for the Ethereum network with instant transaction finality and a speed of up to 100,000 TPS. In June 2024, Vitalik Buterin and the venture giant Dragonfly Capital invested in the project.
Some investors (amounting to approximately $127 million) agreed to lock up their tokens for one year to receive a larger allocation. Bids priced below $0.0999 have already been rejected, with the remaining bids to be reviewed until November 5th. Currently, on the pre-market, MEGA is trading around $0.42 β more than four times the minimum sale price.
MegaETH is a startup building a second-layer (L2) solution for the Ethereum network with instant transaction finality and a speed of up to 100,000 TPS. In June 2024, Vitalik Buterin and the venture giant Dragonfly Capital invested in the project.
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