24/7 Blockchain industry dynamics and breaking crypto news
On Oct 20, entropyIO purchased the MOONSHOT ticker on Hyperliquid for 574.98 HYPE (~$46,068), marking a record high for the platform's HIP-3 asset ticker transactions. This move highlights growing market recognition of on-chain asset identifiers' value in DeFi.
Read MoreMPLX's price surged over 130% in a short period, reportedly fueled by news of its upcoming listing on Upbit's KRW market. The sharp rally highlights the significant impact major exchange listings can have on cryptocurrency valuations.
Read MoreOn-chain data reveals the Drift Protocol exploiter, dormant for two months, has resumed activity, funneling 25,700 ETH (worth ~$61.56M) into the privacy protocol Tornado Cash within two hours. The address still holds ~$195M in ETH, raising concerns about further movements.
Read MoreMalaysia's central bank has officially launched an innovative platform supporting tokenized bond trading, marking a significant digital transformation in the nation's financial infrastructure. The initiative aims to enhance market liquidity and transparency while providing investors with more efficient asset allocation channels.
Read MoreByteDance, Alibaba, and Tencent have collectively ordered over $35 billion worth of NVIDIA RTX PRO 5500 workstation GPUs, per Reuters. While compliant with US export rules, global supply constraints mean demand far outstrips available capacity, highlighting continued reliance on NVIDIA's ecosystem despite domestic chip development efforts.
Read MoreSouth Korea's Upbit exchange announces the listing of MPLX token on its KRW market, with trading scheduled to commence on October 20 at 18:30 local time. This move expands investment options for Korean users.
Read MoreDeepSeek has fully open-sourced its internal inference framework, DeepInfer. This framework already powers the high-throughput, low-latency serving of the DeepSeekV4.1Flash model. Future model inference code and optimizations will be built upon it, potentially lowering deployment barriers and accelerating AI application development across the industry.
Read More21Shares has launched two new physically-backed crypto ETPs in Europe: Lighter (LIT) and Venice Token (VVV), both with a management fee of 2.50%. LIT is listed on Germany's Xetra, trading in EUR and USD, while VVV trades in USD on Switzerland's SIX exchange. This expands institutional-grade digital asset access for European investors.
Read MoreBinance has announced the removal of four spot trading pairs – BONK/FDUSD, JUP/FDUSD, LDO/FDUSD, and WAL/BNB – effective October 23 at 11:00 AM UTC+8. Users are advised to adjust their positions accordingly.
Read MoreA dormant DeFi protocol attacker has transferred at least 13,400 ETH (worth around $32 million) to a privacy protocol, potentially obscuring fund trails. The address still holds approximately $225 million in crypto assets, raising ongoing concerns about DeFi security and fund tracking capabilities.
Read MoreHong Kong stocks closed lower on October 20, with the Hang Seng Index dropping 1.32% to 23,867.74. Trading volume reached HK$190.46 billion. Pharmaceutical and media sectors gained, while metals and power equipment declined. Lenovo led losses, plunging nearly 10% amid earnings concerns.
Read MoreUK digital bank Revolut is experiencing a major global service outage. Mobile app functions are limited, and physical card payments are failing offline. The company has acknowledged the issue and is working on a fix.
Read MoreJ.P. Morgan's report suggests global banks face limited exposure to CoreWeave despite recent debt concerns. While some major US and Japanese banks may have billions at stake, most European and Asian lenders' exposure is under $500 million, with loans well-structured and collateralized.
Read MoreChina's Foreign Ministry criticized the US for politicizing technology trade after it barred federal agencies from using Chinese AI products like DeepSeek, vowing to safeguard Chinese companies' rights.
Read MoreDeepSeek V4.1 Flash leads open-source models on Arena's Agent leaderboard, ranking 11th overall. It excels in task success, user feedback, Bash command execution, and steerability, with a median cost of $0.20 per task, balancing performance and affordability.
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