RECENTLY: Visa announced a partnership with Coinbase to enable instant deposits for eligible users via Visa Direct.
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RECENTLY: Nexus Mutual announced a partnership with Native to improve crypto insurance, launching the Base DeFi Pass to cover multiple protocols.
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ANALYSIS: Wall Street experts expect Coinbase’s Q3 revenue to drop 13% to $1.26 billion due to lower trading volumes and regulatory uncertainty, despite a slight EPS increase to $0.46.
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RECENTLY: President Biden thanked Nigerian President Tinubu for the release of Binance executive Tigran Gambaryan and praised a new joint effort on crypto and illicit finance.
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JUST IN: DYDX announced a 35% core team layoff to better align with its future goals, stated CEO Antonio Juliano.
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JUST IN: Consensys announced a 20% staff layoff due to regulatory uncertainty and economic challenges, with CEO Joe Lubin emphasizing a focus on Ethereum ecosystem support and decentralized growth.
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RECENTLY: Alameda Research sues KuCoin to recover over $50 million in frozen assets that were originally valued at $28 million due to market fluctuations.
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🚨 BREAKING: Bitcoin's price has surpassed $72,000, approaching $73,000.
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RECENTLY: Gemini Crypto Exchange has received regulatory approval from Singapore's Monetary Authority to expand its services in the Asia-Pacific market after exiting Canada.
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RECENTLY: Lookonchain reports crypto whales recently accumulated nearly $35M in Solana (SOL) and over 13M Neiro on ETH from Binance, Kraken, OKX, and GateIo.
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RECENTLY: According to the DOJ, AurumXchange operator Maximiliano Pilipis has been charged with money laundering for allegedly processing over $30 million tied to the Silk Road and for failing to file tax returns for 2019 and 2020.
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RECENTLY: ARK Invest sold $31 million in shares of Jack Dorsey’s firm, Block, after the stock surged 13% in October amid a crypto market rally.
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RECENTLY: Hong Kong is considering tax concessions for virtual assets and other investments to attract institutional investors, according to Financial Secretary Christopher Hui.
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RECENTLY: Kalshi launched USD Coin deposits ahead of the November elections.
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ANALYSIS: The US Dollar's dominance in global payments has surged to 49%, a 12-year high, while the Euro's share has dropped to a decade low of around 21%, according to the Kobeissi Letter.
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JUST IN: VanEck announced a partnership with Kiln to integrate Solana staking into its ETNs and ETFs, simplifying investor access.
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RECENTLY: Binance has launched 'Binance Wealth' to help onboard high-net-worth clients, initially targeting Asia and Latin America, with some U.S. restrictions.
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RECENTLY: DWF Labs announced it fired a partner over allegations of drink-spiking in Hong Kong, calling the claims "deeply concerning."
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ANALYSIS: Bitcoin’s TVL reached a record $2.35B, driven by new scaling protocols and rising BTC prices, according to DeFiLlama.
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JUST IN: DWF Labs partner Eugene Ng is accused of drugging a job applicant, "Hana," and attempting to lure her to his hotel suite during an October 24 job meeting in Hong Kong.
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ANALYSIS: According to CryptoQuant founder Ki Young Ju, institutional demand for Bitcoin via custodial wallets has surged, with institutional investors accumulating Bitcoin at double the rate of retail investors.
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JUST IN: Solayer Labs has introduced sUSD, a yield-bearing stablecoin on Solana that is backed by US Treasury Bills.
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RECENTLY: Bitpanda is exploring a sale or IPO, potentially valuing it over $4 billion, while working with Citigroup and JPMorgan, Bloomberg reports.
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JUST IN: According to Arkham Intelligence, Bhutan deposited 929 BTC on Binance while Druk Holdings retains 12,456 BTC worth $886.3 million.
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RECENTLY: According to the country's commodities regulator, over 60% of Indonesian crypto investors are under 30, with September transaction volume reaching 33.7 trillion rupiah ($2.1 billion).
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OPINION: Coinbase CEO Brian Armstrong urged the next SEC chair to apologize for harm done to the crypto industry and backed pro-crypto Senate candidates.
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ANALYSIS: CryptoCom’s North American trading volume reached $134 billion in September, surpassing Coinbase's $46 billion, per The Block.
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RECENTLY: The HKMA is advancing tokenization through Project Ensemble as it teams up with Brazil's Drex pilot and Thailand's Project San.
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JUST IN: Venture capital firms, including Sequoia and Ribbit, are set to earn hundreds of millions from Stripe's $1.1 billion acquisition of crypto platform Bridge, marking a rare win in a tough market, according to Bloomberg.
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