24/7 Blockchain industry dynamics and breaking crypto news
Bitcoin has fallen below the $82,000 support level, currently trading at $81,995.76. Despite a 0.9% 24-hour gain, market volatility is significant. Investors should monitor key price levels closely and implement robust risk management strategies amid this uncertainty.
Read MoreIn a significant cross-ecosystem move, Mert Mumtaz, CEO of leading Solana infrastructure firm Helius, has joined the NEAR Foundation Council. His expertise in blockchain engineering and privacy advocacy is expected to influence NEAR's product development and strategic direction.
Read MoreTencent Hunyuan has unveiled Hy Memory 2.0, a major upgrade to its AI agent memory framework. The release is highlighted by a full open-source strategy encompassing a dedicated memory model, the core framework, and the MemHub application layer. This three-tier solution, already validated across internal businesses, aims to lower the barrier for developing advanced memory capabilities in AI agents.
Read MoreHong Kong Exchanges plans to shift to T+1 settlement for the cash market by the second half of 2028, pending regulatory approval. The move, widely supported by market participants, aims to enhance efficiency, reduce risk, improve capital use, and strengthen Hong Kong's status as a global financial hub.
Read MoreSolana Foundation's Lily Liu announced the Shanghai event's postponement due to overwhelming community response. A light show promotion caused registrations to quadruple overnight, exceeding approved safety limits. The event will be rescheduled for a larger venue, with apologies to attendees who traveled.
Read MoreBank of America data reveals a massive $64.5 billion flowed into global equities in a recent week, with US stocks attracting $39.1 billion. Tech stocks saw $10 billion inflows, while US Treasuries extended their inflow streak to 16 weeks, highlighting a dual pursuit of growth and safety.
Read MoreNEAR Protocol introduces a new SOL staking feature built on confidential accounts. Users can earn yields without exposing their original wallet addresses, with no lock-up period and full flexibility for token swaps or transfers.
Read MoreUMX, a crypto-friendly securities platform incubated by Li Lin's Avenir Group, officially launched on October 16. It integrates cryptocurrency and traditional securities trading for global professional investors, incorporating user feedback from its public beta to offer a range of asset classes.
Read MoreOn October 16, the onshore Chinese yuan closed at 6.6868 against the US dollar, strengthening by 48 basis points from the previous session. This reflects positive market sentiment and renewed confidence in yuan-denominated assets amid current economic conditions.
Read MoreSouth Korea and the US held their first-ever quadrilateral meeting involving both finance ministries and central banks on October 16 in Bangkok. The talks focused on economic cooperation and establishing a coordinated response mechanism to external financial shocks.
Read MoreTesla's stock jumped 4% in pre-market trading following the official unveiling of its next-generation Roadster. The announcement has fueled investor optimism about the company's innovation pipeline and growth trajectory, driving significant market activity ahead of the opening bell.
Read MoreThe IMF expects the Bank of Japan to implement one more interest rate hike to move closer to a neutral policy stance. With the neutral rate estimated between 1.1% and 2.2%, Japan's current 1.25% rate already falls within this range. Persistent inflation above 2% is anticipated due to energy costs and corporate pricing shifts, requiring flexible monetary policy amid global uncertainties.
Read MoreCryptocurrency exchange Upbit will discontinue trading support for Zilliqa (ZIL), affecting the ZIL/KRW and ZIL/BTC pairs. Trading ceases on November 16, 2026, with a final withdrawal deadline of December 16, 2026 for users to move their ZIL assets.
Read MoreUpbit has suspended deposits for HBD and DNT, placing both assets under review due to identified deficiencies. HBD shows weaknesses in market fundamentals, while DNT faces concerns over project sustainability. The review period extends into early November.
Read MoreOver 150 WhatsApp account hijacking scams were reported in Hong Kong within two weeks, causing losses exceeding HKD 15 million. Fraudsters created fake work groups to impersonate clients and steal cryptocurrency. Users are urged to enhance account security and verify transfer requests.
Read More