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Key developments on October 7 include Hyperliquid's HIP-3 gaining popularity for financial inclusion, Coinbase planning to relaunch Pro and integrate Deribit into a global exchange, BlackRock discussing tokenized fund collateral, and CFTC proposing leverage restrictions for crypto exchanges.
Read MoreCardano's CIP-0113 programmable token standard is now live on mainnet. It allows issuers to embed compliance rules like KYC, AML, and sanctions screening directly into tokens, executed automatically by the ledger. This enables native compliance for regulated assets like stablecoins without requiring hard forks, and has gained recognition from the Swiss CMTA.
Read MoreRobinhood has added a $25 million Bitcoin position to its corporate treasury, according to its latest balance sheet disclosure. This significant move highlights the platform's deepening commitment to cryptocurrency and may signal institutional reassessment of digital assets.
Read MoreHyperliquid founder Jeff Yan revealed at TOKEN2049 that its HIP-3 market once contributed over 51% of platform volume, signaling strong product-market fit. The platform is focusing on RWA perpetual contracts like crude oil and Pre-IPO assets, positioning itself as open finance infrastructure for developer integration.
Read MoreAt Token2049, BlackRock's digital asset head stated tokenized money market funds can be transferred directly as collateral, bypassing redemption and cash settlement delays. This highlights a potential shift in fund liquidity and utility.
Read MoreSan Francisco startup Monid raised $7.7M to create a "unified checkout" for AI agents. The platform allows agents to discover, compare, and pay for multiple third-party APIs through one prepaid account, eliminating the need for separate vendor setups.
Read MoreCoinbase plans to relaunch Coinbase Pro by year-end, merging it with a major acquired derivatives exchange to form 'Coinbase Global Exchange.' The platform will unify spot, futures, options, and stock trading, offering U.S. institutional clients up to 10x spot margin and integrating U.S./global crypto derivatives into a single regulated liquidity pool.
Read MoreCFTC Chairman's proposed rules state only federally regulated crypto exchanges can offer leveraged trading, limiting state-level entities to money transmission. High leverage like 100x, common offshore, remains prohibited and will not be permitted under the new framework.
Read MorePolymarket CEO Shayne Coplan disclosed that Intercontinental Exchange (ICE), parent of NYSE, is a major investor. The platform is engaging regulators to advance compliant on-chain equity structures, signaling traditional finance's deepening involvement in prediction markets.
Read MoreOn-chain data reveals DeGods founder frankdegods rapidly sold over $1 million worth of altcoins, including BP, EDEL, and GP, within a short timeframe. This sudden move has sparked community discussion about NFT founders' capital movements and potential market impacts.
Read MoreThe U.S. IRS has issued new guidance allowing qualified investment trusts and grantor trusts to participate in Proof-of-Stake (PoS) staking without jeopardizing their passive tax status. The safe harbor comes with 14 specific conditions that trusts must meet to qualify.
Read MoreBinance Spot and Convert will list multiple tokenized stock pairs like JPMB and LLYB on October 7, alongside launching algorithmic trading bots. This move integrates traditional securities into the crypto ecosystem.
Read MoreMoonshot announces integration with Robinhood Chain, enabling direct access without bridges or wallet setups. Key features include gas-free transactions and Apple Pay support, aiming to lower entry barriers and seamlessly connect with the Robinhood ecosystem for mainstream crypto adoption.
Read MoreEthereum's price plunged below $2,600 on October 7th, triggering the forced liquidation of a high-leverage long position worth approximately $9.85 million within just three minutes. This incident highlights the extreme volatility of crypto markets and the severe risks associated with leveraged trading during sharp price movements.
Read MoreChina's central bank has increased its gold reserves for the 23rd consecutive month, bringing holdings to approximately 2409.59 tons. This sustained accumulation highlights gold's strategic role in diversifying reserves and navigating global economic uncertainty.
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