Headlines
▌Polymarket will return to the United States by the end of November, after which it will launch the POLY token and airdrop it.
The prediction market platform Polymarket is set to reopen to U.S. users by the end of November, after the company was forced to move out of the U.S. due to penalties from the CFTC. They also plan to launch the POLY token and an airdrop after restarting operations in the U.S.
▌The tokenization platform Securitize will go public through a SPAC merger
The RWA platform Securitize for tokenized currency market funds will go public through a merger with a special purpose acquisition company (SPAC), CEO Carlos Domingo said in an exclusive interview. This fintech company will merge with Cantor Equity Partners II, Inc., a blank check company initiated by Cantor Fitzgerald affiliates, with the stock code CEPT.
Market
As of the time of writing, according to data from CoinGecko:
The price of BTC is $112,956, with a 24-hour change of -1.0%;
The price of ETH is $3,984.68, with a 24-hour change of -3.2%;
The price of BNB is $1,102.98, with a 24-hour change of -3.1%;
The price of SOL is $194.07, with a 24-hour change of -2.1%;
The DOGE price is $0.1934, with a 24-hour change of -3.4%;
The price of XRP is $2.61, with a 24-hour change of -1.2%;
The TRX price is $0.2953, with a 24-hour change of -0.9%;
The price of WLFI is $0.138, with a 24-hour change of -6.7%;
The price of HYPE is $47.65, with a 24-hour change of +2.8%.
Policy
▌Multiple U.S. crypto PACs raise $263 million, invested beyond the energy sector
Several crypto-related Super PACs in the United States are preparing for the 2026 midterm elections, having raised approximately $263 million. This is nearly double the amount raised by the largest committee in 2024, Fairshake, and slightly higher than the total spending of the entire oil and gas industry during the same period. Data also shows that the industry continues to expand its influence by pushing for legislation and appointing friendly regulators.
▌Norway's cryptocurrency declarations surged by 30%: approximately 73,000 people declared over 4 billion USD in assets
According to the latest announcement from the Norwegian Tax Administration, over 73,000 individuals declared holding cryptocurrencies for the 2024 fiscal year, totaling more than $4 billion, which is an approximately 30% year-on-year increase. Nina Schanke Funnemark, the Tax Director of the Tax Administration, stated that several measures taken in recent years have shown results, with more people declaring crypto assets as required to ensure tax accuracy. Data shows that about $550 million of the declared assets are gains, while $290 million are losses. Norway plans to require exchanges and custodians to report cryptocurrency holdings information through third parties starting in 2026.
▌Hong Kong Monetary Authority: Digital Hong Kong Dollar to be promoted for personal use, preparation work expected to be completed in the first half of next year
According to a report by the Hong Kong Economic Journal, the Hong Kong Monetary Authority (HKMA) pointed out in its “Digital Hong Kong Dollar Pilot Scheme Phase Two Report” that the second phase of the project has eleven pilot groups participating, covering three main themes: tokenized asset settlement, programmable payments, and offline payments. The report emphasizes that the “Digital Hong Kong Dollar” will gradually expand to individual users, with preparations for relevant technologies, legal, and business mechanisms expected to be completed in the first half of 2026, at which time it can provide a broader range of application channels for the public and businesses.
Blockchain Applications
▌Ethereum Fusaka hard fork activated on the final testnet, expected to launch on the mainnet in December
The next Ethereum hard fork, Fusaka, was successfully activated on the Hoodi testnet on Tuesday, marking the final step after the Holesky and Sepolia testnets earlier this month. Fusaka plans to conduct at least 30 days of testing before launching on the mainnet, with core developers tentatively scheduling the launch for December 3. This upgrade will enhance Ethereum's scalability, efficiency, and security, including increasing the block gas limit, expanding the “Blob” capacity, and introducing new node security features. The upgrade includes multiple Ethereum Improvement Proposals (EIPs), among which EIP-7594 introduces the PeerDAS technology, allowing validators to sample data fragments instead of the entire Blob, thereby optimizing Layer 2 data availability. The Ethereum Foundation has also launched a four-week security audit competition with a prize pool of up to $2 million. The Fusaka hard fork comes about six months after Ethereum's last major upgrade, Pectra, and developers have already begun planning the next upgrade, Glamsterdam.
▌Circle launches Arc blockchain public testnet
Circle announced on Tuesday the deployment of its payment-oriented Arc blockchain's public testnet, which has attracted participation from over 100 financial institutions and technology companies, including BlackRock, Visa, HSBC, and Anthropic. The Arc blockchain offers dollar-denominated fees, sub-second settlement, and optional privacy controls, aiming to support financial services such as tokenized funds, cross-border payments, and foreign exchange settlements.
▌Oracle: The digital asset data hub will be launched next year
Oracle ( ORCL.N: The digital asset data hub will be launched next year.
▌Trump Media Company to Enter Predictive Market Business
Trump Media Company will venture into predictive market business.
▌TeraWulf collaborates with Fluidstack to develop a $9.5 billion AI data center
Bitcoin mining company TeraWulf announced a partnership with AI cloud platform Fluidstack to develop a 168-megawatt AI data center in Abernathy, Texas. The project has received $1.3 billion in leasing support from Google and is expected to generate approximately $9.5 billion in contract revenue for the joint venture, with TeraWulf holding a 51% ownership stake. The facility will serve a global hyperscale AI platform focused on cutting-edge foundational models, with expected completion in the second half of 2026. The project’s key IT load cost per megawatt is between $8 million and $10 million, and it will be supported by project-level debt financing backed by Google’s leasing obligations.
▌Paypal signs agreement with OpenAI to become the payment wallet for ChatGPT
According to CNBC: PayPal has signed an agreement with OpenAI to embed the PayPal digital wallet into ChatGPT. Starting next year, PayPal buyers and merchants will be able to complete transactions within ChatGPT, and merchants will not need to sign a separate contract with OpenAI; PayPal will be responsible for merchant routing and payment verification.
▌Microsoft's investment valuation in OpenAI Public Benefit Corporation is approximately $135 billion
Microsoft ) MSFT.O ( has signed a new agreement with OpenAI. Microsoft ) MSFT.O ( supports the establishment of OpenAI as a Public Benefit Corporation (PBC). Microsoft's investment valuation in OpenAI's Public Benefit Corporation is approximately $135 billion.
▌OpenAI CEO: Considering the company's future capital needs, an IPO is the most likely avenue
OpenAI CEO Sam Altman: Given the company's future capital needs, an IPO is the most likely route.
Cryptocurrency
▌Coinbase and Figment expand institutional staking, supporting PoS assets beyond Ethereum
Coinbase expands its partnership with institutional staking provider Figment, allowing Coinbase Prime clients to directly stake various PoS assets like Solana, Avalanche, Sui, and Aptos through Coinbase Custody, which was previously limited to Ethereum. Since the partnership began in 2023, over $2 billion in assets have been staked. Coinbase Prime provides trading, financing, and custody services for institutional investors, covering more than 440 digital assets. Figment manages a total of $18 billion in staked assets across over 40 protocols. This move comes as the U.S. launches multiple staking ETFs, such as the Bitwise Solana Staking ETF (BSOL), and with the SEC confirming that certain liquid staking does not fall under securities trading, institutional staking activities are expected to expand further.
▌SOL Staking ETF, LTC, HBAR ETF first day trading volume reached 65 million USD
The first batch of ETFs tracking the spot prices of Litecoin and Hedera—Canary Litecoin (LTCC) and Canary HBAR (HBR), as well as the first Solana staking ETF—Bitwise Solana Staking (BSOL) was launched on October 28. The three ETFs had a total trading volume of $65 million on their first day, with BSOL accounting for the majority at $56 million, hitting $10 million in the first hour of trading. BSOL set a record for the highest trading volume on the first day of an ETF this year. As of October 20, there have been 155 cryptocurrency ETF/ETP applications in the U.S., covering 35 digital assets, primarily SOL and BTC.
▌Currently, 353 Bitcoin treasury entities hold over 4.04 million Bitcoins
According to data released by BitcoinTreasuries.NET, there are currently 353 entities holding Bitcoin, with a total of 4,045,376 Bitcoins valued at 46.655 billion US dollars.
▌SharpLink plans to deploy $200 million worth of ETH on Linea to earn staking rewards
Ethereum treasury company SharpLink announced plans to collaborate with ether.fi, EigenCloud, and Anchorage Digital to deploy 200 million USD worth of ETH on Linea, in order to gain Ethereum staking yields, as well as direct incentives from Linea and EtherFi.
▌The total trading volume of perpetual contracts on the on-chain exchange reached approximately $2 trillion in Q3
According to a chart released by cryptounfolded, the total volume of perpetual contract trading on on-chain exchanges reached approximately $2 trillion in the third quarter of 2025. Hyperliquid ranked first with a 47% market share, while Lighter and Aster combined accounted for 36% of the market share.
▌Standard Chartered Group CEO: The digitization of currency is unrelated to cryptocurrencies and stablecoins
Standard Chartered Group CEO Bill Winters: The digitalization of currency is unrelated to cryptocurrencies and stablecoins.
▌CZ ranks 13th on the Hurun 2025 Rich List with a wealth of 190 billion yuan, an increase of approximately 41%
According to the data released by the Hurun Research Institute in the “2025 Hengchang Shaofang · Hurun Rich List”, Binance founder CZ ranks 13th on the list with a fortune of 190 billion yuan. Compared to last year, CZ's ranking has risen by 3 places, with a wealth increase of about 41%.
▌CoinShares launches the staking TON ETP “CTON”
The digital asset management company CoinShares has announced the launch of the staking-type TON exchange-traded product CoinShares Physical Staked Toncoin (CTON). It is reported that this ETP will directly invest in the underlying TON tokens on a 1:1 basis, aiming to provide investors with exposure to TON investments.
▌Fosun International Securities becomes the first Solana ETF in Asia to participate in brokerage
Fosun Wealth Holdings Limited (“Fosun Wealth Holdings”) subsidiary Fosun International Securities Limited (“Fosun International Securities”) announced that it has officially become the first and only Solana ETF in Asia – the “Huaxia Solana ETF” (stock code: 3460.HK) participating securities dealer, providing physical and cash subscription and redemption services to help institutional and individual investors seize cutting-edge opportunities in the digital asset space. This ETF is issued by Huaxia Fund ) Hong Kong ( Limited and is the first Solana spot ETF approved by the Hong Kong Securities and Futures Commission. It is also the third type of cryptocurrency-based spot ETF approved in Hong Kong following Bitcoin and Ethereum, marking an important step forward in the financialization of digital assets in the Asian market. The fund was listed on the Hong Kong Stock Exchange on October 27, further enriching the local digital financial product matrix and strongly consolidating Hong Kong's position as Asia's Web3 financial hub.
▌Japanese Bitcoin treasury company MetaPlanet plans to buy back 150 million common shares
According to market news: Japanese Bitcoin treasury company MetaPlanet (3350.T) has announced a common stock repurchase plan, intending to buy back 150 million shares of common stock, involving an amount of $495 million.
▌OceanPal collaborates with NEAR Foundation for a $120 million PIPE investment
OceanPal Inc. announced the completion of a $120 million private investment in public equity (PIPE) transaction for the purchase and sale of common stock and/or pre-funded warrants. The company plans to use the net proceeds from this transaction to implement a digital asset treasury strategy through its wholly-owned subsidiary SovereignAI Services LLC (“SovereignAI”), which focuses on commercializing the NEAR Protocol, a blockchain platform designed for artificial intelligence (AI) use cases. Through this transaction, OceanPal expects to become a major public investment vehicle through SovereignAI, providing investors with exposure to NEAR (the native token of NEAR Protocol) and the foundational AI infrastructure necessary to support autonomous business operations.
▌Nearly 2.03 million LINK transferred from an unknown wallet to Coinbase
According to Whale Alert monitoring, around 03:04 Beijing time today, approximately 2,029,841 LINK ) worth about 37,316,180 USD ( were transferred from an unknown wallet to Coinbase.
▌Over 1.62 million LINK transferred from an unknown wallet to Coinbase
According to Whale Alert monitoring, around 06:13 Beijing time today, 1,622,960 LINK ) worth approximately 28,883,445 USD( was transferred from an unknown wallet to Coinbase.
▌Coinbase will launch deBridge (DBR) spot trading
Coinbase will launch deBridge (DBR) spot trading.
Important Economic Dynamics
▌Trump: Powell will leave in “a few months”
U.S. President Trump: Federal Reserve Chairman Powell is either incompetent or a bad person and will leave in “a few months.”
▌The probability of the Federal Reserve lowering interest rates by 25 basis points in October is 99.5%
According to CME's “FedWatch”: The probability of the Federal Reserve lowering interest rates by 25 basis points in October is 99.5%, while the probability of maintaining the current rate is 0.5%. The probability of the Federal Reserve cumulatively lowering interest rates by 50 basis points in December is 91.6%.
Golden Encyclopedia
▌Will Google's Willow quantum chip affect Bitcoin security?
Google's Willow chip marks a new era of quantum performance, capable of performing complex computations that will have a significant impact on various industries including cryptography. With the launch of the 105-qubit Willow chip, quantum computing has reached an important milestone, as the chip is manufactured based on the company's Sycamore processor. Willow nearly doubles the number of qubits in Sycamore, thereby unlocking the capability to process exponentially more complex computations. One of Willow's most significant advancements is its progress in quantum error correction, which is a key step towards scalable, fault-tolerant quantum systems. In benchmark tests such as random circuit sampling (a test where quantum computers demonstrate their capabilities by solving complex problems), Willow completed tasks in minutes that would take traditional supercomputers billions of years to finish.
Quantum computers using algorithms like Shor and Grover have the potential to solve complex problems at exponentially faster speeds, thereby undermining traditional encryption algorithms. The emergence of powerful quantum computers like Willow has raised concerns about their impact on encryption security, including the effects of the Willow chip on cryptocurrencies. Bitcoin and many other blockchain systems rely on encryption algorithms designed to withstand classical attacks. However, the potential impact of quantum computing on password security has raised concerns. Google's Willow quantum chip does not currently pose a direct threat to Bitcoin's encryption system. Cracking Bitcoin's ECDSA or SHA-256 would require at least 1,500-3,000 fault-tolerant logical qubits, far beyond Willow's capabilities. The scalability of current quantum systems is insufficient to challenge Bitcoin's robust defenses. Bitcoin's layered encryption structure combines ECDSA and SHA-256, ensuring resilience against today's quantum technology. This technological gap currently guarantees the security of Bitcoin's encryption measures.
