1inch brings Ondo stocks to $SOL: routing is live, but that doesn’t mean you own “real stocks”
1inch has brought Ondo’s tokenized stocks and ETFs to $SOL —the company says there are over 450 assets, available through Fusion RFQ. First, let’s be clear: these aren’t stocks issued directly by Apple or Tesla, but tokenized exposure structured by Ondo; U.S. users can’t access them. 1inch handles routing, while Tokka Labs acts as an independent resolver to fill orders. Issuance, backing, eligibility, and redemption remain Ondo’s responsibility. This is also the first time 1inch has brought Ondo assets onto a non-EVM chain. Previously, reports said that Ondo trading via 1inch on EVM chains had surpassed $2.5B by March 2026. 1inch also cited RWA.xyz: the value of RWAs on Solana is around $4.39B, and Ondo remains the largest issuer of tokenized stocks by issuance volume (over $4B, across about 459 assets).
Ripple weighs in on the SEC proposal: After years of litigation, it casts a “yes” vote
The deadline for comments on the SEC’s “Regulation Crypto Assets” proposal is October 20. Among those who filed on the final day, the most prominent was Ripple—a company that has been battling the SEC in court for years. This time, it came out in support. Ripple Chief Legal Officer Stuart Alderoty posted on X that day. Here are the key points: 1) Ripple has formally submitted a comment letter in support of the proposal, arguing that the SEC has clear authority under existing law to issue these rules. 2) Years of “case-by-case, token-by-token” enforcement have pushed innovation overseas. The industry needs a comprehensive set of rules.
Papertrade changes the rules for mining through losses: $PAPER transfers blocked, existing users “slowly diluted”
“The more you lose trading, the more coins you mine.” This design had been running for 10 days when the rules were changed. Papertrade is a perpetuals DEX running on HyperEVM: users bet against Hyperliquid’s prices and the protocol’s bankroll, and money lost is used to mint $PAPER—effectively a rebate for losers. On the morning of October 20, Beijing time, the official team announced three changes in a lengthy post. First, transfers. There are currently no plans to allow free transfers outside the contract. The reason is that once $PAPER can be shorted on external perpetual markets, attackers could profit on both sides by “shorting PAPER + manipulating the price of $BTC / $ETH to drain the bankroll.” The official team gave this example: with a $10 million bankroll, spending $15 million to manipulate the price would lose money; but if you could also place a $10 million PAPER short, the trade would become profitable.
Won stablecoin coming to $INJ: MOU signed, but no money has actually flowed yet
99% of the stablecoin world is denominated in dollars. Korean institutions looking to settle on-chain in won currently have little choice but to convert to dollar stablecoins first. Injective announced on October 20 that it had signed a memorandum of understanding (MOU) with BDACS, a licensed Korean custodian: KRW1, a won stablecoin issued by BDACS, will serve as a won settlement asset for RWAs and tokenized assets in the $INJ ecosystem. The Block and Cointelegraph described it as the “exclusive” won settlement asset. A few hard facts: - KRW1 is said to be fully backed by won reserves. Minting and redemption will initially be available only to approved institutions, and are subject to regulatory approval;
$UNI has landed on CME: a DeFi protocol’s token has officially entered Wall Street’s futures market. First, the facts. On October 19, CME officially launched futures for $BCH and $UNI ; on October 20, it announced that FalconX and GSR had completed the first block trade in the two new contracts. A few key points: 1) Contract specifications: $BCH standard contracts are 250 tokens, and micro contracts are 25; $UNI standard contracts are 10,000 tokens, and micro contracts are 1,000. 2) Cash-settled, based on the corresponding CME CF reference rates, with no physical delivery. 3) Like CME’s other crypto contracts, they trade virtually 24/7, with only scheduled maintenance windows.
After Banks Close, Stablecoins Work the “Night Shift”: Coinbase Report Says 73% of Transfers Occur Outside Business Hours
After banks close, stablecoins start working the night shift. The most striking figure in this Coinbase report is 73%. Let’s start with the facts. On October 20, Coinbase and The Block Research jointly published a report, “The Always-On Dollar.” Here are a few key findings: 1) In the third quarter of 2026, “organic” stablecoin transfers averaged more than $400 million per hour, around the clock. 2) In the 12 months through July 31 of this year, about 73% of stablecoin transfer volume (using the filtered methodology) occurred outside U.S. banking hours. 3) Adjusted quarterly transfer volume reached $891 billion in Q3, more than quadrupling since early 2023. At the current growth rate, it could approach $1.5 trillion in a single quarter by the end of 2027.
Gold prices pull back 30%, but Binance gold contracts get “hotter as prices fall”
Gold prices have pulled back nearly 30% from their peak, yet gold contract trading on Binance keeps growing. Dip buyers, hedgers, and people trading back and forth all seem to be crowding onto the same order book. The data comes from a post shared today by CryptoQuant analyst Darkfost: - Average weekly trading volume for Binance XAU contracts has exceeded $12.3 billion, up about 224% from $3.8 billion in April this year - Daily trading volume briefly reached $3.5 billion - Since Binance launched gold trading, cumulative derivatives trading volume has approached $320 billion The backdrop: after gold prices surged to a high of around $5,595 this year, they pulled back by as much as about 30%. Darkfost observed that the closer prices get to $4,000, the more contract volume on Binance rises.
OpenZeppelin adds Chainlink to its Wizard: Compliance module comes with a “BUSL” license
The “token generator” that smart contract developers use most often now has a Chainlink option. On October 20, OpenZeppelin and Chainlink announced a strategic partnership. OpenZeppelin is the smart contract library used by most projects. On September 17, S&P Global announced it had agreed to acquire the company; the deal is pending completion, and the amount was not disclosed. Available starting today: · The cross-chain protocol CCIP and the Automated Compliance Engine (ACE) are natively integrated into OpenZeppelin’s Contracts Wizard, AI tools, Skills, and documentation, with the UI Builder to follow · When generating ERC-20 tokens, stablecoins, or RWA tokens, you can select cross-chain support (compatible with the CCT standard) or compliance features (sanctions screening, KYC, transaction limits, and Secure Mint hooks). Compliance policies can be changed without redeploying the token contract
Arkham puts up a paywall: Free plan limited to the 100 most recent transactions
The “free lunch” for on-chain sleuths just got a lot smaller. On October 20, Arkham officially announced the launch of Arkham Enterprise and changes to the features available on its free plan. The announcement said the changes would take effect immediately. What free users have lost this time: · Full transaction history and transaction filters are now exclusive to Enterprise. Free users can only view the 100 most recent transactions for each address or entity. · The new version of the fund-tracking tool, Tracer 2.0, is exclusive to Enterprise. · The counterparties section on browser pages is exclusive to Enterprise. · Creating custom labels and entities now requires Enterprise; existing ones are retained, and their names can still be changed.
This step in Liquid’s sidechain recovery is more tangible than declaring “full recovery.”
The official team just announced a staged recovery: semi-automated BTC↔LBTC swaps are open to users again through participating swap providers, with no volume limits at the protocol level. Direct peg-outs through the Federation remain locked, pending 1:1 reserves and the final security checkpoint.
In the weeks following the incident, the Federation worked with Blockstream and an independent security team to deploy reserve management software. Media reports also mention that a shortfall of about 600 $BTC will be added to the Federation wallet—but the official blog stresses the sequence: swaps first, full reserves next, then peg-outs.
Key takeaway: swaps returning ≠ the entire network’s 1:1 backing being restored. Don’t mistake a staged recovery for the finish line.
Source: Liquid Federation official blog, 2026-10-20; @Liquid_BTC.
Liquid’s recovery nears completion: $BTC sidechain reopens swaps first, still short about 600 coins
After a sidechain was drained by “minting coins out of thin air,” the recovery sequence is: first let users swap out, then replenish the reserves, and only then restore official redemptions. On October 20, the Liquid Federation published an update on its recovery: updated federation reserve management software has been deployed, and a sufficient number of functionaries have been upgraded; semi-automatic swaps between $BTC and $LBTC have reopened through participating swap providers, with no protocol-level limit. However, direct federation peg-outs (official redemptions) remain restricted. They will resume in phases once 1:1 reserves have been restored and the remaining security and operational requirements have been met. Reserves will then also be monitored publicly through a block explorer.
$BTC Hidden in a Fishing Rod Moves Again: 500 Coins from Irish Drug Dealer Sent to Coinbase Prime
The private keys hidden in a fishing rod case ten years ago are still “paying out” in batches today. At 22:16 Beijing time on October 20, an old address that had been inactive since January 2016 transferred exactly 500 $BTC in a single transaction, worth about $41.5 million at current prices. Based on Arkham labels, Lookonchain attributed the address to Irish cannabis dealer Clifton Collins; the recipient was labeled Coinbase Prime. A quick bit of background: · In 2011–2012, Collins used drug money to buy around 6,000 BTC, split across 12 wallets with about 500 BTC each. He printed the private keys on paper and hid them inside a fishing rod case.
Microsoft and Goldman Sachs also say “no”: OKXICE’s list of objectors grows to 16
Wall Street made its stance on “putting stocks on-chain” crystal clear this week: fine, but don’t use my stocks as a test case. OKXICE, a tokenized stock platform jointly established by OKX and NYSE parent ICE, updated its public notice on October 19: seven more issuers have objected—Microsoft, Alphabet (Google’s parent company), Goldman Sachs, Qualcomm, Caterpillar, McDonald’s, and Western Digital. The list of objectors has grown from nine last week to 16. A few key points: · OKXICE initially published a list of 63 tickers across 62 companies. According to CoinDesk, 15 companies have objected so far, covering 17 tickers, while the remaining 47 have not objected; another objector, Cerebras, was not on the list to begin with.
A “swap for Monero” shop on Hyperliquid: ZachXBT says 87% of inflows came from illicit sources
This time, ZachXBT has uncovered a less-than-savory use for Hyperliquid’s “whoever grabs the ticker can list it” design. On October 20, on-chain investigator ZachXBT posted an investigation on Telegram: a centralized exchange service called FreedomXMR (FXMR), which appeared on Hyperliquid Core in August, had more than 87% of its inflows directly linked to illicit activity. A few key facts: · He manually reviewed historical inflows of more than $10,000 per transaction and traced over $20 million to ransomware, exploits, malware, and social engineering scams · The named incidents include the September thefts from DCENT Wallet, Fetch.ai, and Axelar, an unnamed ransomware payment, and the October theft from Gamdom
Strive “SATS” Preferred IPO Closes: 7M Shares at $90, Nasdaq Trading Set to Begin
Strive just filed an 8-K with the SEC: its upsized IPO of 15% Series A Perpetual SATS Preferred has closed. Primary-source check: 7,000,000 shares at a public offering price of $90 per share; approximately $630M in gross proceeds. The 15% annualized dividend is based on a $100 par value and is cumulative. Nasdaq ticker: “SATS”; trading is expected to begin around October 20. CEO Matt Cole’s framing: This is a key step toward raising the Amplification Ratio while putting a layer of junior capital beneath SATA—essentially, it’s still all about capital structure around the $BTC treasury. The earlier feed only filtered for pricing and the pace of accumulation; today brings the hard fact of closing: Strive’s press release + Form 8-K Item 8.01 (accession 0000950103-26-015849). Not investment advice.
U.S. stablecoin rules near finalization: Industry wants to exempt “secondary-market trading” from criminal liability
The comment period on the rules implementing U.S. stablecoin law closed on Monday. The most telling thing isn’t who voiced support, but which words the industry is picking over: if one provision is left unclear, exchanges, wallets, and even market makers could be deemed to be “participating in illegal issuance.” First, some background. The GENIUS Act was signed into law last year and is expected to take effect in January 2027. In August, the Treasury Department published proposed rules for Section 3 in the Federal Register (docket number TREAS-DO-2026-0496), governing who may issue, offer, or sell payment stablecoins in the United States. The comment period closed on October 19, with 123 comments received, according to regulatory portal data cited by The Block.
$SOL switches consensus tomorrow night: one-fifth of the stake still hasn’t “done its homework”
$SOL ’s Alpenglow switches over tomorrow, earlier than originally planned. But with just one day to go before activation, around one-fifth of the stake still isn’t ready. First, the timing. Anza posted tonight: Alpenglow is expected to go live around 14:00 UTC on October 21, or around 10 p.m. tomorrow Beijing time. The migration boundary is set at slot 459,653,000. Estimates from a few days ago put it at around 11 p.m. Beijing time; it moved earlier because blocks were produced faster than expected, pulling the start of epoch 1064 forward. The Solana Foundation’s upgrade page gives a more precise timeline: epoch 1064 is expected to begin around 13:20 UTC (around 9:20 p.m. Beijing time). After the feature switch is enabled, the network will continue running the old TowerBFT consensus for about 5,000 more slots (roughly 18 minutes), then officially switch to Votor at the slot mentioned above.
Switzerland approves first retail $BTC ETF: issuer still unknown
Switzerland has finally approved its first spot $BTC ETF aimed at retail investors. Interestingly, the regulator’s announcement doesn’t say who’s behind it. Let's start with the facts. On October 20, the Swiss Financial Market Supervisory Authority (FINMA) announced that it had approved, for the first time, a publicly offered fund that is traded on an exchange and holds bitcoin directly. Its legal classification under Swiss law is “other alternative investment fund,” and it is labeled “special risks.” A few key points: 1) An exception was made. The fund holds just one asset, so it does not meet the diversification requirements under the rules. FINMA granted an exemption, citing bitcoin’s long trading history and exceptionally high trading volume.
France passes it 38–37: trading crypto for stablecoins will also trigger tax
The French Parliament has taken another step toward making 'crypto-to-stablecoin' trades taxable, by a margin of just one vote. First, the facts. On October 16, the French National Assembly passed Amendment I-3898 at the first reading of the 2027 Finance Bill, with 38 votes in favor, 37 against and 25 abstentions. The amendment was proposed by MP Nicolas Sansu; the same provision had already passed in the Finance Committee on October 7. Two key changes: 1) Deferred taxation for 'crypto-to-crypto' trades is abolished: if what you receive in the exchange is an e-money token as defined by MiCA (a stablecoin pegged to a single fiat currency, such as $USDC ), the transaction counts as a sale and any gains are taxed at the flat rate of 31.4%—even if not a single cent reaches your bank account.
Drift hacker wakes up: funnels about $61.56 million in $ETH into mixer in 2 hours
The Drift hacker has woken up. After two months of silence, they funneled about $61.56 million in $ETH into Tornado Cash in a single afternoon. Start with the facts. On October 20, on-chain monitoring platform Lookonchain reported that the address linked to the Drift Protocol attacker deposited 25,700 $ETH into Tornado Cash over roughly two hours, worth about $61.56 million. The address had been inactive for about two months. MistTrack put the figure at 25,710 ETH, involving address 0xAa84…57C1. Multiple trackers observed consecutive deposits of 100 ETH each. The figures vary across sources (13,400, 21,300, and 25,700 ETH); they’re snapshots from different times, so don’t add them together.