🌍 Qatar National Bank Adopts Blockchain for Faster USD Transfers

🏦 Qatar National Bank (QNB), the largest lender in the Middle East, has integrated JPMorgan Chase’s Kinexys blockchain platform to facilitate U.S. dollar corporate payments. This significant move underscores the Gulf region's commitment to modernizing its financial infrastructure and attracting global capital.

⏱️ The Kinexys system enables QNB’s corporate clients to execute dollar settlements 24/7 in as little as two minutes. This represents a dramatic improvement over traditional payment methods, which often take days and are restricted to weekdays.

This enables a 24/7 service window. We can guarantee payments as fast as two minutes,”

said Kamel Moris, EVP of transactional banking at QNB.

➡️ By adopting this technology, QNB is positioning itself to collaborate with global partners like JPMorgan to enhance its financial infrastructure. As regional economies seek to diversify beyond oil, faster and more cost-effective settlement systems are crucial for attracting international investors and capital flows.

📈 JPMorgan’s Kinexys platform, which was launched in 2019, currently processes approximately $3 billion in daily transactions. While this is a small portion of the bank’s $10 trillion payments business, it is a growing share that reflects the increasing adoption of blockchain technology in the financial sector.

🔗 1inch Integrates Swap API into Coinbase App for Enhanced DeFi Access

🚀 Decentralized finance (DeFi) aggregator 1inch has made a significant move by integrating its Swap Application Programming Interface (API) directly into the Coinbase app. This partnership marks Coinbase as 1inch's largest U.S.-based client to date, highlighting a growing trend of institutional adoption of on-chain trading technologies.

💼 The integration follows Coinbase's recent launch of a decentralized exchange (DEX) feature, which allows users to interact with on-chain assets through an integrated self-custodial wallet. With 1inch’s Swap API, Coinbase users can now perform non-custodial token swaps within the app, simplifying the trading process and improving access to liquidity in DeFi markets.

Our integration with 1inch is a significant step forward in bringing onchain trading to our users,

said Scott Shapiro, head of trading at Coinbase.

Together we’re enabling seamless access to DEXes within the Coinbase app, which will bring millions of our users onchain.

🌐 This collaboration aligns with 1inch’s strategy to expand its Software as a Service (SaaS)-based business segment, which facilitates the adoption of advanced DeFi infrastructure by traditional financial institutions. As major players like Coinbase leverage 1inch’s technology, the aggregator is positioning itself as a key provider of institutional-grade DeFi access.

We are no longer just looking to unify DeFi, our vision extends to all financial markets,

said Sergej Kunz, co-founder of 1inch.

1inch’s non-custodial swap products are the ideal solution for centralized players across both crypto and TradFi as they move to bring assets on-chain in a seamless and secure way. It’s great to see Coinbase getting ahead of this shift, others will inevitably follow.

♾ This integration not only improves the Coinbase user experience but also highlights the increasing convergence between centralized platforms and decentralized protocols. As DeFi continues to evolve, partnerships like this are paving the way for a more inclusive, secure, and efficient financial ecosystem.

🌍 Putin Emphasizes BRICS Collaboration Over Confrontation

🟢 Russian President Vladimir Putin stated on October 3 that Russia's strategy within the BRICS alliance is centered on collaboration rather than confrontation. He clarified that the bloc's shift away from the U.S. dollar is driven by necessity and a desire for balanced global economic independence.

We do not hold any anti-dollar campaign, anti-dollar policy. Not at all!

Putin asserted. He explained that Russia is adapting to restrictions that hinder its ability to make payments in dollars. As a result, it has turned to using national currencies for transactions.

🌐 Putin emphasized that the primary focus of BRICS is to strengthen internal cooperation and establish a more balanced economic framework. He highlighted the importance of creating "a common platform and shared principles of interaction" among member countries.

🔄 Analysts interpret Putin's remarks as part of a broader global trend towards reducing dependence on the U.S. dollar in international trade. While some view this shift as a challenge to the dollar's dominance, others see it as a natural diversification of the global financial system. Supporters of this movement, including those in the cryptocurrency sector, argue that alternative settlement systems like digital currencies could enhance trade flexibility and financial resilience.

🚀 MetaMask Launches Hyperliquid Perpetuals In-App, Plans To Integrate Polymarket 📢

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🚀 Optimism in U.S. Crypto Regulation: A Turning Point Ahead

🌟 Growing optimism about cryptocurrency regulation in the U.S. is shifting industry sentiment. Brian Armstrong, CEO of Coinbase, recently expressed confidence on social media about upcoming policy clarity for digital assets. He stated,

Feeling very bullish on regulatory progress for crypto in the US. Clear rules are coming. This helps builders and innovators. We won’t stop until it happens.

💬 Armstrong emphasized that regulatory clarity is crucial for maintaining U.S. competitiveness in blockchain innovation. He reiterated Coinbase's call for a stable framework that balances innovation, consumer protection, and market transparency. He also mentioned,

I’ve never been more bullish about clear rules for crypto. It’s obvious that market structure is a freight train that’s left the station.

⚠️ However, he raised concerns about big banks attempting to undermine consumer rights under the GENIUS Act regarding USDC rewards. He warned,

But that hasn’t stopped the big banks from coming for another handout – this time paid by your crypto rewards. They want to undo your right under the GENIUS Act law to earn USDC rewards. Don’t let them.

🌟 Armstrong's optimism suggests that Coinbase sees 2025 as a potential turning point for the U.S. crypto sector, where structured oversight could replace years of uncertainty. While some skeptics argue that stricter regulations might stifle innovation, advocates believe that clear and consistent rules would attract investment, protect consumers, and strengthen America's position in the global crypto economy.

📉 Bitcoin's Dramatic Plunge: A Historic Liquidation Event

🚨 On October 10, Bitcoin experienced a significant drop, falling below $110,000 and triggering $19.31 billion in liquidations affecting over 1.6 million traders. This marked one of the largest single-day wipeouts in cryptocurrency history.

📊 The week had started positively for Bitcoin, with two new highs set, but ended with a sharp decline. Bitstamp recorded its lowest point at $109,683, while Coingecko reported a drop to $105,896. Some sources indicated a brief dip to $101,516 before a quick recovery.

Word on the street is that big CEX’s auto liquidation of collateral tied to cross margined positions is why lots of alts got smoked on the move down.

said BitMEX founder Arthur Hayes, suggesting that a major centralized exchange's actions may have triggered the collapse in altcoins.

📉 Long positions were hit hardest, accounting for $16.81 billion of the losses. Bitcoin and Ethereum led the way with $5.36 billion and $4.42 billion liquidated, respectively. Other notable liquidations included Solana ($2 billion), HYPE ($890 million), and XRP ($707.5 million).

📈 The liquidation heatmap from Coinglass showed that Hyperliquid experienced the largest platform-specific liquidations at $10.3 billion, followed by Bybit ($4.65 billion), Binance ($2.4 billion), and OKX ($1.2 billion).

🔍 While some attributed the market turmoil to President Donald Trump’s tariff threats on China, the scale of the liquidations raised suspicions of market manipulation. Analysts on X suggested that large players may have orchestrated this event, which is being compared to previous significant market crashes like the COVID crash, the LUNA implosion, and the FTX collapse.

💰 Terawulf Inc. Plans $3.2 Billion Debt Financing for Bitcoin Mining and AI Integration

📈 Terawulf Inc. (Nasdaq: WULF) has announced its intention to raise $3.2 billion through senior secured notes, marking the largest single debt financing attempt by a publicly traded Bitcoin mining company. The private offering, set to mature in 2030, will be marketed to qualified institutional buyers under Rule 144A of the Securities Act.

⚡️ The proceeds from this financing will support the next phase of development at Lake Mariner, which is being transformed into a hybrid Bitcoin mining and AI colocation campus. The notes will be guaranteed by WULF Compute’s subsidiaries and secured by first-priority liens on nearly all of their assets. Additionally, Google LLC will contribute warrants for purchasing Terawulf common stock as part of the collateral package.

🔗 This financing initiative highlights Terawulf’s shift towards becoming a comprehensive digital infrastructure provider, following its AI partnership with Fluidstack. Under this agreement, Terawulf will host Fluidstack’s AI workloads at its New York facility, representing one of the first large-scale integrations of cloud GPU infrastructure within a traditional Bitcoin mining site.

⏳ Terawulf has committed to providing completion guarantees for the Lake Mariner expansion project. The proposed $3.2 billion issuance is significantly larger than previous offerings by other public miners like IREN or MARA, reflecting the increasing institutional interest in AI-linked infrastructure and the capital-intensive transition among Bitcoin miners diversifying into high-performance computing.

🪙 Jamie Dimon's 'Cockroach' Comment Triggers Bitcoin Sell-Off

📉 Bitcoin experienced a significant drop to $103K early Friday before recovering slightly to $106K in the afternoon. This decline was influenced by JPMorgan Chase CEO Jamie Dimon's recent remarks regarding corporate fraud, which sparked fears of a potential credit crunch in the banking sector.

My antenna goes up when things like that happen... when you see one cockroach, there’s probably more.

Dimon said, referring to Tricolor Holdings, a subprime auto lender that went bankrupt amid fraud allegations. JPMorgan had to write off $170 million in debt related to Tricolor following its liquidation.

🚨 Dimon's comments seemed prophetic as just days later, First Brands, an auto parts maker with significant debt, filed for bankruptcy. This raised concerns about market contagion after it was revealed that Jefferies, a Wall Street investment bank, had substantial exposure to First Brands.

We believe we were defrauded

said Jefferies CEO Rich Handler.

📊 Despite these developments, most investors do not currently perceive a systemic risk to the markets. Major stock indices like the S&P 500, Nasdaq, and Dow showed gains, while Bitcoin was down 1.25% at the time of reporting.

You can never completely avoid these things... but the discipline is to look at it in cold light

Dimon advised.

📉 At the time of writing, Bitcoin was priced at $106,727.15, having dropped 1.25% over the past 24 hours and 8.19% over the week. Its trading volume increased by 31.43% to $107.7 billion, but market capitalization fell by 2.1% to $2.12 trillion. Bitcoin dominance slightly rose to 59.66%.

Why did Bitcoin fall after Jamie Dimon’s comment? Bitcoin dropped to $103K after Dimon compared corporate fraud to “seeing one cockroach,” sparking fear of wider market trouble.

📉 Crypto ETFs Face Major Outflows: A $1.23 Billion Pullback from Bitcoin and $312 Million from Ether

🟢 The crypto ETF market experienced a significant downturn between October 13 and 17, reversing nearly two weeks of inflows. Investors withdrew $1.23 billion from bitcoin funds and $312 million from ether products, highlighting growing caution amid market volatility.

Bitcoin ETFs saw a total net outflow of $1.23 billion, the second-highest on record, with all twelve funds closing the week negative.

📉 Grayscale’s GBTC led the redemptions with a net exit of -$298.30 million, followed by Ark 21Shares’ ARKB with -$289.51 million and Blackrock’s IBIT with -$278.61 million. Other funds like Fidelity’s FBTC and Bitwise’s BITB also saw significant outflows.

Ether ETFs also posted a tough week, losing a net $312 million after eight straight days of inflows earlier in the month.

➡️ Blackrock’s ETHA was the hardest hit, experiencing $244.95 million in exits. Grayscale’s ETHE and 21Shares’ TETH also reported notable outflows. Despite this, Fidelity’s FETH ended the week with a net inflow of $94.29 million.

After weeks of euphoria and historic inflows, this downturn shows that even institutional investors are taking a breather.

♾ The sharp reversal in the crypto ETF market signals renewed investor caution, with total assets falling to multi-week lows. The coming days will be crucial in determining whether the market stabilizes or faces further redemptions.

🚨 Robinhood Lists Binance Coin as BNB Outperforms BTC, ETH, SOL YTD By Over 30% 📢

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🆕 Ledger Launches Nano Gen5: A Touchscreen Revolution in Crypto Security

⚡️ Ledger has introduced its latest hardware wallet, the Nano Gen5, designed to enhance the self-custody experience for cryptocurrency users. This launch comes shortly after Trezor's release of the Safe 7, which features quantum-resistant technology.

📱 The Nano Gen5 was revealed at the Ledger Op3n 2025 event and boasts a 2.8-inch secure touchscreen, Bluetooth and NFC connectivity, and seamless integration with the Ledger Wallet app. Priced at $179, it allows users to manage their assets, conduct transactions, stake, and engage with decentralized applications from a single interface.

Ledger says the Nano Gen5 continues its legacy of uncompromised hardware security,

the article states, highlighting features like the Secure Element chip, Ledger OS, and “Clear Signing” technology for transaction verification. A new addition is the “Ledger Recovery Key,” a PIN-protected backup option for wallet restoration.

🎨 In a move towards personalization, the Gen5 introduces custom badges designed by Susan Kare, known for her work with Apple Macintosh. This shift aims to combine digital security with personal expression, positioning the Gen5 as a “playful yet powerful” tool for digital ownership.

⚡️ The launch underscores growing competition in the hardware wallet sector, with Trezor emphasizing quantum resistance and Ledger prioritizing user-friendly touch interfaces. Both companies are adapting to the complexities of decentralized finance (DeFi), non-fungible tokens (NFTs), and multichain transactions, where clarity and verification are essential.

In the release published Thursday, Ledger said it maintains that no Nano device has ever been hacked

and continues to promote its products—the Nano Gen5, Stax, and Flex—as benchmarks for secure self-custody. The firm asserts that the Gen5 embodies “visible truth in a sea of digital uncertainty,” merging its design heritage with modern usability for new crypto adopters.

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🌍 Kyrgyzstan: A Rising Star in Digital Finance

🚀 Kyrgyzstan is rapidly establishing itself as a leader in digital finance. The country has launched a stablecoin, is preparing for the rollout of a central bank digital currency (CBDC), and is accelerating blockchain adoption with the support of Binance founder Changpeng Zhao (CZ).

➡️ CZ's recent visit to Kyrgyzstan highlighted the country's significant strides in digital finance reforms. He emphasized the importance of Central Asia in the global blockchain landscape and announced key developments: the launch of a national stablecoin on the BNB Chain and the readiness of the CBDC for government-related payments.

Had a great time in Kyrgyzstan in the past two days. I encourage more crypto companies to explore the country too,

CZ stated on social media.

🔴 Kyrgyzstan has also established a national cryptocurrency reserve that includes Binance Coin (BNB) and has conducted law enforcement training programs. Binance Academy has partnered with 10 top universities, and a recent Binance Meetup in Bishkek attracted over 1,000 participants.

🔔 During his visit, CZ joined Kyrgyzstan President Sadyr Japarov at the second meeting of the National Council on Blockchain and Cryptocurrencies. Japarov described the progress made since CZ's first visit in May as "impressive" and highlighted their discussions on various blockchain-related topics.

We successfully held the second meeting of the National Council for the Development of Virtual Assets and Blockchain Technologies,

Japarov shared on social media.

🌐 Kyrgyzstan's recent initiatives reflect its ambition to integrate blockchain into governance and finance. Analysts suggest that the country's proactive approach could position it as a regional model for digital transformation.

💡 In summary, Kyrgyzstan's advancements in digital finance, supported by Binance, create new opportunities for investment and growth in the blockchain ecosystem.

📈 Bitwise's Solana ETF Dominates 2025 Debuts with Record Trading Volume

🚀 Bitwise Asset Management's Solana-focused ETF, the Bitwise Solana Staking ETF (NYSE Arca: BSOL), has made a remarkable entrance into 2025, achieving the highest trading volume for any ETF launch this year. Investor enthusiasm surged as trading activity on its second day surpassed the first, indicating strong momentum from both institutional and retail investors.

BSOL’s $56m is the MOST of any launch this year,

said Bloomberg ETF analyst Eric Balchunas on social media. He noted that BSOL's first-day trading volume exceeded that of other notable ETFs such as the REX-Osprey XRP ETF and the Dan Ives Wedbush AI Revolution ETF. The Solana Foundation's Solana X account also highlighted that the Bitwise Solana ETF was "#1 in trading volume across all ~850 ETF debuts in 2025," setting a record on the New York Stock Exchange.

📊 On its second day of trading, BSOL recorded $72 million in trading volume and holds $282 million in assets under management. The ETF aims to stake 100% of its assets and has temporarily waived its 0.20% management fee for the first three months on the first $1 billion in assets. All staking rewards will be passed through to investors without a fee during this period.

BSOL did more volume on Day Two. $72m is a huge number. Good sign,

Balchunas noted. Teddy Fusaro, president of Bitwise, emphasized the fund's significance by stating that the Solana ETF had the highest volume launch for 2025, surpassing even the bitcoin ETF launched in 2024.

We built BSOL to be a high-quality product for investors: a low fee of 0.20% (waived to 0% for now) and 100% of SOL staked with technology from Helius,

said Bitwise CEO Hunter Horsley.

🔒 Coinbase Institutional serves as the exclusive custodian for BSOL through Coinbase Prime, ensuring secure and compliant asset management. Analysts believe that Solana's strong staking economics and the ETF's transparent structure could continue to attract institutional inflows throughout 2025.

🚀 Grayscale Predicts Altcoin Breakout Amid SEC Regulatory Changes

📈 Grayscale Investments has forecasted a significant breakout for altcoins such as XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Shiba Inu, and Polkadot due to recent U.S. regulatory developments. The company suggests that new guidelines from the U.S. Securities and Exchange Commission (SEC) will facilitate a surge in exchange-traded products (ETPs) linked to these crypto assets, potentially accelerating institutional adoption beyond just Bitcoin and Ethereum.

📊 In its Market Byte: Here Come the Altcoins report published on October 31, Grayscale stated,

In the coming weeks, investors can anticipate a significant increase in the number of exchange-traded products (ETPs) offering exposure to ‘altcoins’ — crypto assets with a lower market cap than bitcoin — due to new guidance from U.S. regulators.

This follows the SEC's September 17 approval of generic listing standards for crypto asset ETPs, which allows exchanges to list qualifying tokens without individual SEC review. Solana’s SOL token is already trading under this new framework, setting a precedent for other major altcoins.

✅ Grayscale anticipates that 11 specific crypto assets will qualify for ETPs under these new standards. These assets include XRP, Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), Bitcoin Cash (BCH), Stellar (XLM), Avalanche (AVAX), Litecoin (LTC), Hedera (HBAR), Shiba Inu (SHIB), and Polkadot (DOT). The report highlights that

In addition to solana, Grayscale expects that 11 distinct crypto assets will qualify for ETPs based on the generic listing standards … Over time, the number of crypto assets that qualify under the new criteria will likely increase further.

🔍 According to Grayscale’s analysis, these eligible assets, along with Bitcoin and Ethereum, could represent nearly 90% of the total crypto sector market capitalization. This potential increase in regulated ETPs is seen as a bullish signal by market strategists, indicating that it could enhance liquidity, expand access, and accelerate long-term adoption across the altcoin sector.

🪙 Bitcoin's November Start: Profit-Taking and Institutional Resilience

📉 Bitcoin began November with a dip below $108,000, driven by long-term holders transferring significant amounts to exchanges for profit-taking. This trend contributed to BTC's first red October since 2018, despite the cryptocurrency's ability to maintain support above the critical $100,000 level.

Recent pullback lacks a clear macro catalyst,

QCP’s latest market insights noted,

with traditional markets remaining steady under supportive policy conditions.

The data indicates distinct selling from legacy wallets, suggesting that long-term holders are gradually redistributing coins after bitcoin’s rapid appreciation earlier this year.

📊 Market volatility has increased slightly, but sentiment remains stable. Perpetual open interest is subdued and funding rates show little sign of speculative excess, indicating that leverage-driven selling has largely been flushed out since the October 10 liquidation event.

Despite the sell pressure, bitcoin has absorbed roughly 405,000 BTC in legacy supply over the past month without breaking the critical $100,000 support level,

the report highlighted. ETF outflows and lighter corporate accumulation from firms like Strategy Inc. and Metaplanet haven’t derailed the broader trend of institutional engagement and steady on-chain activity.

🔄 While some traders speculate the cycle could be nearing its peak, others view this phase as a healthy consolidation. Bitcoin’s ability to hold firm amid legacy selling underscores the market’s growing maturity and its deepening foundation of institutional capital.