Good Afternoon,
Happy Friday! The crypto trading landscape is evolving fast as major platforms pivot and expand. OpenSea confirms a Q1 2026 launch for its SEA token and reinvents itself as a cross-chain trading hub amid a $2.6B trading volume surge. Meanwhile, Jupiter debuts Ultra V3 with enhanced execution and MEV protection, and Uniswap expands to Solana, bringing multi-chain swaps to over 14 networks.
More news below. 👇
News Roundup
Artificial Intelligence
Salesforce Hit With Class Action Over Alleged Illegal AI Training Data Use (Decrypt)
Decentralized, Centralized, & Traditional Finance
Ventuals Raises $38M in 30 Minutes After Launching HYPE Liquid Staking Vault on Hyperliquid (The Defiant)
BOJ Signals Further Rate Hikes if Economy Meets Forecasts, Says Deputy Governor (Reuters)
Japan’s Top Three Banks to Launch Yen- and Dollar-Pegged Stablecoins for Cross-Border Settlements (Nikkei)
Paxos’ $300 Trillion Stablecoin Minting Error Sparks Confusion Amid Trust Charter Bid (DL News)
MrBeast Files Trademark for ‘MrBeast Financial,’ Hinting at Possible Banking and Crypto App (Inc)
OpenSea Reinvents Itself as a Cross-Chain Crypto Trading Aggregator After NFT Collapse (Forbes)
Arthur Hayes’ Family Office Targets $250M for Crypto Buyout Fund (Bloomberg)
Tether Open-Sources Wallet Development Kit to Power Global Financial Freedom Infrastructure (Tether)
Russia Leads Europe in Crypto Adoption as Institutional and DeFi Activity Surge: Chainalysis (Chainalysis)
Exchanges
Upbit Lists ZORA for Trading in KRW, BTC, and USDT Markets (Upbit)
Lighter Compensates Users With $20M in Points After $50M Platform Outage Loss (The Defiant)
Upbit Lists Zerobase (ZBT) in KRW, BTC, and USDT Markets (Upbit)
Binance, Coinhouse Face French Money-Laundering Inspections Amid EU Crypto Licensing Push (Bloomberg)
Jupiter Launches Ultra V3 Trading Engine with Advanced Execution and Security Features (X)
Exchange-Traded Funds
‘ETFtober’ Expands as VanEck, 21Shares, and ARK Lead Wave of New Crypto ETF Filings (Cointelegraph)
U.S. spot Bitcoin ETFs recorded a combined $536 million in net outflows on October 16.
On October 16, U.S. spot Ethereum ETFs saw $56.9 million in total outflows.
ARK 21Shares Bitcoin ETF Sees $275M in Outflows, Largest Since August (Decrypt)
Infrastructure
Ethereum Researcher Justin Drake Hails ‘Extraordinary’ Advances in Real-Time Proving for 100x Network Scaling (DL News)
Figment Acquires Staking Analytics Firm Rated Labs to Strengthen Institutional Data Offerings (The Block)
VerifiedX Partners With Halborn to Strengthen Core Security and Audit Transparency (Wu Blockchain)
Uniswap Integrates Solana, Expanding Multi-Chain Swaps to 14+ Networks (X)
Bittensor Reinstates Subnet Registration and Deregistration to Boost Competition and Quality (TAO Daily)
Markets
Bittensor’s Sum of Alpha Prices Falls Below 1.00 for the First Time, Signaling Network Repricing Ahead (TAO Daily)
Bitcoin Faces Selling Pressure as Miner Deposits to Binance Exceed $5 Billion (DL News)
Gold Surges Past $4,300/oz on Fed Rate Cut Hopes and U.S.-China Tensions (Reuters)
Regional Bank Loan Fears Rattle Markets (CNN)
Bitcoin’s Drop Below $105K Drags Crypto Market Cap to Lowest Level Since July (Decrypt)
Crypto Crash Wipes Out Another $1B as Bitcoin Faces ‘Macro Stress’ (DL News)
Launch Coin Plunges 30% After Developers Announce Token Swap to BELIEVE (The Defiant)
Dogecoin Plunges 23%, Lagging Behind Bitcoin and Ethereum Amid Meme Coin Fatigue (Decrypt)
Politics & Regulation
Fed Governor Michael Barr Warns of Regulatory Gaps in New GENIUS Stablecoin Law (The Block)
Florida Lawmaker Revives Crypto Reserve Bill With Stronger Safeguards (Cointelegraph)
Swiss Gambling Regulator Files Criminal Complaint Against FIFA’s World Cup NFT Platform (The Block)
Judge to Decide in November if Nigeria Can Proceed With $81B Lawsuit Against Binance After Email Mix-Up (DL News)
Ondo Finance Urges SEC to Delay Nasdaq’s Tokenization Plan Citing Transparency Gaps (The Defiant)
Token Generation Events
OpenSea Confirms SEA Token Launch for Q1 2026 Amid $2.6B Trading Surge (Decrypt)
Treasuries
Newsmax Builds Bitcoin and Trump Meme Coin Treasury to Diversify Digital Holdings (Decrypt)
DeFi Development Corp. Expands Solana Holdings With 86,307 SOL Purchase (Globe Newswire)
SharpLink Sells $76.5M in Shares to Expand Ethereum Treasury as BitMine Widens Lead (Decrypt)
Ripple Reportedly Plans $1B XRP Buy for New Digital Asset Treasury (Cointelegraph)
CZ Calls for Custody Audits After First DAT Firm QMMM Allegedly Vanishes (X)
Grant Cardone Buys 200 More BTC Amid Market Sell-Off, Expands Real Estate–Bitcoin Strategy (Bitcoin Magazine)
Huobi Founder Li Lin to Lead $1B Ether Treasury Firm Backed by Asia’s Crypto Pioneers (CoinDesk)
Venture Capital
Bain Capital and Apollo Lead $2.5B Crypto Funding Surge in October (DL News)
MegaETH Buys Back 4.75% Equity and Token Warrants From Pre-Seed Investors Ahead of Mainnet Launch (The Block)
Stripe-Backed Blockchain Tempo Raises $500M at $5B Valuation in Round Led by Thrive Capital and Greenoaks (Fortune)
Other News
Texas Firm Sues Tether After $44M in USDT Frozen at Request of Bulgarian Police (DL News)
Bitcoiners Rally for Signal to Integrate Bitcoin Payments via Cashu Protocol (Cointelegraph)
Yonsei University Alumni Association Adopts Crypto Payments for Membership Fees (Cointelegraph)
YZi Labs Launches Second Season of EASY Residency, Expanding Focus to Web3, AI, and Biotech (X)
Top 5 Ethereum Block Explorers of 2025: From Etherscan to TokenView (Cointelegraph)
Ethereum Researcher Dankrad Feist Leaves Foundation to Join Stripe- and Paradigm-Backed Tempo (The Block)
Check This Out
According to CryptoQuant, the U.S. government now holds 316,760 BTC, valued at roughly $35.9 billion, cementing its position among the largest known Bitcoin holders globally. These holdings primarily stem from asset seizures tied to criminal investigations and forfeitures over the past decade.
Source: CryptoQuant
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