Pudgy Penguins Parent Company Pulls Plug on Failed Ethereum Layer-2 Network
TLDR Abstract, the Ethereum layer-2 blockchain operated by Pudgy Penguins’ parent company Igloo Inc., will cease operations on December 15, 2026. Igloo Inc. hemorrhaged tens of millions of dollars maintaining the network over approximately 18 months of operation. The closure marks the second Ethereum layer-2 shutdown in under a week, following Blast’s recent announcement. Asset holders face a hard deadline to withdraw funds from the network or permanently lose access. Despite processing over 325 million transactions and securing partnerships with major brands like Disney and Red Bull Racing, Abstract couldn’t achieve sustainability. The company behind the popular Pudgy Penguins NFT collection is pulling the plug on its Abstract blockchain network. Igloo Inc. announced the platform will permanently cease operations on December 15, 2026. https://t.co/0F6yDmUPe5 — Abstract (@AbstractChain) October 6, 2026 Abstract functions as a layer-2 scaling solution built on top of Ethereum. These networks handle transactions at lower costs before bundling them and submitting final proofs to Ethereum’s main chain for security. This marks the second major Ethereum layer-2 network failure in just seven days. Blast revealed its own shutdown plans on October 2. According to Igloo CEO Luca Netz, the company bankrolled Abstract’s operations for roughly a year and a half. The venture drained tens of millions from Igloo’s coffers during this period. While Netz acknowledged the team explored alternative funding routes including token launches and initial coin offerings, they ultimately rejected these approaches. The Root Causes Behind Abstract’s Failure Netz identified the core issue as Abstract’s inability to achieve product-market fit. He cited stagnant user growth, shallow liquidity pools, and minimal uptake from institutional players. Abstract to Shut Down on Dec. 15; Igloo Says It Lost Tens of Millions Over Two Years Abstract will shut down on December 15, 2026, citing high operating costs, limited liquidity, a restricted DeFi ecosystem and weaker market demand. Parent company Igloo said it lost tens of… pic.twitter.com/4tF9R109II — Wu Blockchain (@WuBlockchain) October 6, 2026 The platform struggled particularly in the decentralized finance sector. DeFi encompasses blockchain-based financial applications that operate without traditional intermediaries like banks. Ironically, this weakness stemmed from an early strategic decision. When Abstract launched, Netz actively discouraged developers from building financial applications on the platform. Instead, he advocated for a consumer-centric approach focused on entertainment and accessible products. He even publicly suggested DeFi developers deploy their projects on competing chains such as Berachain or Arbitrum. The network went live with its mainnet in January 2025. Igloo’s strategy centered on leveraging the massive brand recognition of Pudgy Penguins to introduce mainstream audiences to cryptocurrency. Pudgy Penguins originated as an NFT project featuring whimsical penguin artwork. These non-fungible tokens represent unique digital assets with verifiable blockchain-based ownership. The franchise successfully expanded beyond digital collectibles, establishing a physical presence with licensed products available at major retailers including Walmart and Target stores nationwide. Abstract’s Performance Metrics Prior to Closure Throughout its operational period, Abstract processed upwards of 325 million individual transactions. The network facilitated approximately $6 billion worth of trading volume across decentralized exchanges. Platform analytics showed roughly 4 million unique wallet addresses. Developers launched more than 144 distinct applications on the network, attracting over 400,000 onboarded users. Applications built on Abstract collectively generated over $40 million in revenues. High-profile corporate partners included entertainment giant Disney and motorsports organization Red Bull Racing. However, application revenue doesn’t translate directly into blockchain sustainability. Abstract’s income model relied on collecting minimal fees from each transaction—insufficient to cover operational expenses. According to DefiLlama analytics, Abstract captured approximately $3,900 in protocol fees during a recent 24-hour measurement period. By comparison, applications operating on the network earned roughly $39,000 in that identical timeframe. As of Wednesday, DefiLlama’s bridged value metric showed Abstract still custodied approximately $76 million in user assets. Igloo has instructed users to withdraw holdings via the Migration Hub or Native Bridge before the December 15 cutoff. Assets remaining on Abstract past the shutdown date will become permanently stranded and irretrievable. Igloo committed to assisting projects with migration to alternative blockchain ecosystems. Abstract joins a growing list of blockchain networks that failed to sustain operations in 2025. Bitcoin-oriented platform Botanix closed its doors in June, citing similar product-market fit challenges. The post Pudgy Penguins Parent Company Pulls Plug on Failed Ethereum Layer-2 Network appeared first on Blockonomi.
$23 Million in Bitcoin (BTC) Tied to 2016 Bitfinex Hack Transferred to Coinbase by US Marshals
TLDR Federal authorities transferred 264.863 BTC valued at approximately $23 million to Coinbase on October 6, 2026. These funds originate from the 2016 Bitfinex breach and form part of a court-mandated compensation program, not a liquidation event. A 2025 federal court decision mandated that confiscated Bitcoin be restituted to Bitfinex in cryptocurrency form rather than fiat currency. Bitfinex intends to deploy these assets to honor Recovery Right Tokens and execute buyback-and-burn operations for its LEO token. Despite this and other recent outflows, the federal government maintains a substantial Bitcoin treasury. Federal authorities executed a significant Bitcoin transfer to Coinbase this week, linked to one of the cryptocurrency industry’s most notorious security breaches. On October 6, 2026, blockchain addresses associated with the US Marshals Service dispatched approximately 264.863 BTC—valued near $22.87 million—to Coinbase custody. The U.S. government transferred out another 834 $BTC ($71.56M) and 40,285 $BNB ($31.63M) today. Of these, 834 $BTC ($71.56M) was deposited into #CoinbasePrime.https://t.co/esJntewKzz pic.twitter.com/XDyp4A7mP7 — Lookonchain (@lookonchain) October 7, 2026 These digital assets trace back to the 2016 Bitfinex security incident, during which malicious actors exfiltrated roughly 119,754 BTC from the exchange platform. The breach stands among the most severe financial losses in digital asset history. This represents the second documented movement of these specific holdings. In April 2026, authorities transferred a smaller tranche of approximately 8.2 BTC, valued around $606,000, to a Coinbase Prime deposit wallet. Coinbase Prime serves as the platform’s institutional division. The service provides custody solutions and trading infrastructure for high-volume clients, including federal agencies. Government representatives have characterized these movements as custodial arrangements rather than liquidation events. This classification carries significance for market participants monitoring potential government-driven selling pressure. The legal framework driving these transfers originates from a 2025 federal court decision. The ruling mandated that authorities restore the confiscated Bitcoin to Bitfinex in its native form, bypassing conversion to traditional currency. What Happens to the Returned Bitcoin Law enforcement successfully recovered approximately 94,636 BTC from the breach in 2022. The recovery operation followed the apprehension of Ilya Lichtenstein and Heather Morgan, who orchestrated the laundering scheme for the stolen cryptocurrency. U.S. Government Moves $103 Million in BTC, BNB; 833 BTC Sent to Coinbase Prime U.S. government-linked wallets transferred 833.6 BTC worth about $71.6 million to Coinbase Prime and another 40,285 BNB worth about $31.6 million through several addresses to 0xBE7…81E, according to… pic.twitter.com/w05ABQzYa0 — Wu Blockchain (@WuBlockchain) October 7, 2026 Lichtenstein received a five-year prison sentence. Morgan was handed an 18-month term. Bitfinex has outlined a dual-purpose strategy for the restituted assets. Initially, the exchange will deploy the Bitcoin to fulfill obligations related to Recovery Right Tokens, which were distributed to customers impacted by the initial security breach. Subsequently, Bitfinex has committed to allocating no less than 80% of any surplus value toward repurchasing and permanently removing its UNUS SED LEO token from circulation. Other Wallet Movements by US Marshals This particular transaction formed part of a broader pattern of blockchain activity. During the same 24-hour period, government-controlled wallets relocated a combined 833.6 BTC valued near $71 million, representing the first such activity from these addresses since August 26. Blockchain intelligence specialist Sani, who operates timechainindex.com, initially identified the movements. He documented a preliminary test transaction of 0.00115539 BTC sent to Coinbase Prime before the primary transfer executed. The same wallets also relocated $31.63 million in BNB connected to forfeited FTX assets. This included a verification transfer of 0.127 BNB followed by a substantially larger movement of 40,285.07 BNB. An additional 568 BTC transfer originated from the Potapenko-Turogin criminal case. That prosecution centered on a fraudulent cloud mining enterprise known as Hashflare, where defendants marketed mining contracts backed by nonexistent data center infrastructure. Despite these recent outflows, federal Bitcoin holdings remain considerable. Current data indicates the US government retains approximately 323,693.83 BTC, with an estimated market value of $27.72 billion. The 264.863 BTC allocated for Bitfinex compensation constitutes a relatively modest portion of the government’s overall cryptocurrency position. The post $23 Million in Bitcoin (BTC) Tied to 2016 Bitfinex Hack Transferred to Coinbase by US Marshals appeared first on Blockonomi.
Real Vision’s Raoul Pal: Weaker Dollar Could Trigger Extended Crypto Rally as AI Stock Momentum P...
TLDR Real Vision’s Raoul Pal observes liquidity beginning to flow from AI equities into cryptocurrency markets A declining US dollar could provide the catalyst for an extended crypto market rally, according to Pal Ethereum and Solana may see increased network activity from AI agent transactions Bitcoin likely won’t capture significant AI-driven blockchain activity, Pal suggests Pal expresses skepticism about predictions that Solana will surpass Ethereum’s market capitalization this cycle Raoul Pal, the founder of Real Vision, believes liquidity is beginning to rotate out of artificial intelligence stocks and back into cryptocurrency markets. He shared these observations during an appearance on Trade Secrets with Cointelegraph. ROTATION: Raoul Pal says capital is starting to rotate back into crypto from AI. His tell: when $BTC ran ~25% to $80K in late August, Nvidia had 7 straight red days. AI cools off, crypto heats up. The money's moving. pic.twitter.com/xlahu0jz8Z — CryptosRus (@CryptosR_Us) October 7, 2026 According to Pal, elevated bond yields combined with a robust US dollar have constrained liquidity flows across financial markets. He suggested that dollar weakness could serve as a catalyst for continued upward momentum in digital assets. “If they can engineer the dollar lower, then we get a green light for further movement in crypto,” Pal explained. He clarified that he hasn’t yet observed a comprehensive green light signal across all asset classes. The US Dollar Index has been hovering near its 2025 peaks. Meanwhile, the US 10-year Treasury yield reached 5.29% in September, while the Federal Reserve implemented a 25 basis point rate increase. Cryptocurrency Gains Have Coincided With AI Stock Corrections Bitcoin’s current cycle recovery primarily occurred between August 19 and August 25, during which the flagship cryptocurrency surged approximately 25% to reach $80,000. Throughout that identical period, artificial intelligence chip manufacturer Nvidia experienced seven consecutive days of declining share prices. Pal noted that whenever the AI trade experiences temporary slowdowns, capital tends to flow toward cryptocurrencies. This pattern demonstrates that liquidity remains constrained rather than freely available throughout financial markets, he argued. However, Pal emphasized that a severe crash in AI stocks wouldn’t benefit crypto markets. Such a scenario would indicate liquidity draining from the entire financial system, which would create headwinds for digital assets as well. Pal outlined his ideal scenario: a weakening dollar, a steepening yield curve, and expanded bank lending activity. Failing that, his secondary preference would be for AI stocks to consolidate sideways while investment capital migrates into cryptocurrency markets. AI Agents Could Drive Transaction Volume on Ethereum And Solana In June, Amazon Web Services unveiled functionality enabling AI agents to purchase web content using stablecoins. Coinbase facilitates payment verification through its x402 protocol, with USDC on the Base network included among the supported payment options. Pal suggested that AI agents might eventually launch fundraising initiatives by creating tokens for projects spanning timeframes from one week to twelve months. He believes Ethereum and Solana could experience heightened adoption as software applications leverage their smart contract infrastructure for transactions. Bitcoin is unlikely to capture a substantial portion of this emerging activity, he said. Regarding predictions that Solana will eclipse Ethereum in market capitalization, Pal expressed caution. Multicoin Capital co-founder Kyle Samani stated last month that Solana would exceed Ethereum’s market cap during this market cycle. Pal responded that Samani “needs to hold his horses a little bit,” while acknowledging the possibility exists. On Monday, Solana recorded approximately 3.2 million active addresses within a 24-hour window, whereas Ethereum registered 387,000, based on DefiLlama data. Ethereum currently secures roughly $54.4 billion in decentralized finance protocols, compared to Solana’s $6.7 billion. Pal explained that he evaluates the two networks using a metric he terms “economic density,” calculated as total value locked divided by active users. According to this framework, Solana’s activity predominantly consists of speculative trading involving smaller capital amounts per participant. Pal disclosed that he no longer provides public price predictions because his forecasts frequently circulate without proper context on social media. He characterized the million-dollar Bitcoin by 2030 projection as a “meme,” though he wouldn’t entirely dismiss it happening by 2032. The post Real Vision’s Raoul Pal: Weaker Dollar Could Trigger Extended Crypto Rally as AI Stock Momentum Pauses appeared first on Blockonomi.
Ethereum (ETH) Slips Below $2,600 Amid Mass Liquidations and Six-Day ETF Outflow Streak
Key Highlights ETH currently hovers around $2,617 following a dip beneath the $2,600 threshold Sepolia testnet successfully deployed the Glamsterdam upgrade this Tuesday Spot Ethereum ETFs have experienced continuous outflows for six consecutive sessions, totaling $207 million More than $400 million worth of long positions faced liquidation in a 20-minute window Technical analysts suggest potential decline toward the $2,400–$2,600 zone before any rally to $3,400 Ethereum (ETH) is currently trading near $2,617 after experiencing a notable decline that pushed the cryptocurrency below the $2,600 level. This movement ended a relatively stagnant period where the asset remained confined within a narrow band between $2,650 and $2,750. Ethereum (ETH) Price The downward pressure coincided with Tuesday’s deployment of Ethereum’s Glamsterdam upgrade on the Sepolia testnet. This testnet launch represents a crucial milestone before the protocol enhancement reaches the main network. The Glamsterdam release merges two distinct protocol improvements—Amsterdam and Gloas. The comprehensive package encompasses 18 primary Ethereum Improvement Proposals alongside 7 supplementary ones, introducing modifications to block processing and data management protocols. LATEST: Ethereum's Glamsterdam upgrade has gone live on the Sepolia testnet. pic.twitter.com/cbHzLnlHUp — CoinMarketCap (@CoinMarketCap) October 6, 2026 Among the most significant alterations is the expansion of the gas limit ceiling, which increases from 60 million to 200 million units. This enhancement enables the network to accommodate substantially more transactions and execute more complex computational tasks within each block. During Tuesday’s OKX NOW event, Ethereum co-founder Vitalik Buterin discussed the future landscape of blockchain applications. He projected that decentralized applications will increasingly integrate artificial intelligence capabilities throughout the coming two years, with automated systems managing a significant portion of user-facing interactions. Market Volatility and Forced Liquidations The sudden price correction sparked widespread forced closures throughout crypto markets. Market monitoring account Watcher.Guru reported that as ETH breached the $2,600 threshold, approximately $400 million in long cryptocurrency positions were forcibly closed within a mere 20-minute timeframe. JUST IN: $ETH falls under $2,600 as $400 million in crypto longs are liquidated in the past 20 minutes. pic.twitter.com/EV73C099gN — Watcher.Guru (@WatcherGuru) October 7, 2026 According to Coinglass tracking data, Ethereum liquidations reached $15.3 million across the past 24-hour period, with long position closures accounting for $10.5 million of that total. Technical chart analysis reveals ETH continues trading above its 20-day, 50-day, and 100-day moving averages, indicating persistent buying interest despite the recent downturn. Key resistance zones appear at $2,781 initially, followed by stronger barriers at $3,075 and $3,260. Critical support areas include the 20-day moving average around $2,656, with additional floors at $2,631, $2,558, and the 50-day moving average positioned at $2,500. Exchange-Traded Fund Withdrawals and Blockchain Metrics Spot Ethereum exchange-traded funds have now registered their sixth consecutive session of negative net flows. Fund participants withdrew a cumulative $207 million during the five-day period, marking the most extended withdrawal sequence since June. Oct 6 Update:#Bitcoin ETFs: 1D NetFlow: -1,059 $BTC(-$91.72M) 7D NetFlow: +1,074 $BTC(+$93M)#Ethereum ETFs: 1D NetFlow: -21,432 $ETH(-$58.29M) 7D NetFlow: -79,193 $ETH(-$215.37M) pic.twitter.com/eGBYPThNi2 — Lookonchain (@lookonchain) October 6, 2026 These outflows emerged after ETH’s ascent from $2,400 to $2,800 throughout late September. The withdrawal pattern indicates early investors are securing gains and reducing exposure. Meanwhile, Ethereum’s Market Value to Realized Value (MVRV) Ratio increased from 1.4% to 3.5% during this timeframe. This fundamental indicator measures the relationship between current price and the average acquisition cost of all ETH holders, and it remains above neutral territory. Market observers have drawn parallels between the current market structure and the April-May 2025 period, when ETH established a bottom around $1,400 before surging to fresh record highs following the Pectra protocol upgrade. They suggest history could repeat if the $2,400 support zone proves resilient. The Relative Strength Index measurement for ETH remains positioned above the 50 threshold, signaling bullish momentum that may fuel an advance toward $3,400 should demand resurface. At 06:37 UTC on October 7, ETH was quoted at $2,617.71, representing a 2.98% intraday decline. The post Ethereum (ETH) Slips Below $2,600 Amid Mass Liquidations and Six-Day ETF Outflow Streak appeared first on Blockonomi.
Peter Thiel-Backed Fund Acquires ANVL Governance Tokens in DeFi Protocol Deal
TLDR Peter Thiel’s Founders Fund spearheaded a $5 million acquisition of ANVL governance tokens. Investment partners included Pantera Capital, Bullish, Theta Blockchain Ventures, and Protoscale Capital. Anvil sold the tokens from its treasury holdings instead of minting new supply. The protocol unveiled a software development kit enabling businesses to integrate Anvil without blockchain coding expertise. Total value locked in Anvil currently stands at approximately $10 million, down from its July 2025 high of $109 million. Peter Thiel’s Founders Fund has completed a $5 million acquisition of governance tokens from Anvil, an Ethereum-based decentralized finance protocol focused on digital asset collateralization. Rather than purchasing equity stakes, the venture capital firm acquired ANVL tokens directly. JUST IN: Peter Thiel’s Founders Fund leads a $5M investment to acquire ANVL governance tokens for DeFi collateral protocol Anvil, with other backers including Pantera, Theta Blockchain Ventures, Bullish, and Protoscale Capital. $ANVL pic.twitter.com/GamBuHmW4u — Bpay News (@bpaynews) October 7, 2026 The token purchase, revealed on Monday, included participation from Pantera Capital, Theta Blockchain Ventures, Bullish, and Protoscale Capital. Details regarding specific valuation metrics remained undisclosed. According to statements provided to CoinDesk, Anvil confirmed the tokens originated from the protocol’s existing treasury reserves rather than being newly minted. Built on the Ethereum blockchain, Anvil enables digital assets to serve as collateral backing payment obligations and credit guarantees in business-to-business transactions. Concurrent with the token sale, Anvil Research Labs unveiled a software development kit designed to simplify protocol integration. According to the company, this toolkit allows enterprises to leverage Anvil’s infrastructure without requiring in-house blockchain development capabilities. Joey Krug, partner at Founders Fund, emphasized that commercial entities require assurance that payment and credit obligations will be fulfilled. He noted that Anvil provides a mechanism for backing such commitments with verifiable digital collateral. How Anvil Works The protocol’s fundamental mechanism mimics traditional letters of credit through blockchain technology. Conventional finance relies on banks to guarantee payments contingent upon specific conditions being satisfied. Anvil substitutes banking intermediaries with automated smart contracts. Participants deposit assets such as ETH or USDC into secure vaults, with that collateral underwriting guarantees rather than facilitating loans. The system operates without charging interest or enabling borrowing. Additionally, Anvil imposes no fees at the protocol layer. Recent governance decisions broadened the roster of acceptable collateral types. The system now supports EURC, cbBTC, sUSDe, WBTC, and wstETH alongside existing options. Regarding security measures, Anvil has undergone audits conducted by OpenZeppelin and Trail of Bits. The protocol has also executed two bug bounty initiatives through the Immunefi platform. Anvil’s Numbers and Background The protocol went live in January 2025. Initially developed as an open-source initiative by the Acronym Foundation, Anvil operated without external capital in its early phase. Current total value locked ranges between $10 million and $14 million across different tracking platforms. This represents a significant decline from the July 2025 peak of approximately $109 million. The ANVL token features a maximum supply of 100 billion units. Current circulation estimates range from 80 to 88 billion tokens, with approximately 60% distributed to partners and community participants. Tyler Spalding, who previously co-founded crypto payments provider Flexa, established the protocol. Spalding has stated that Anvil’s architecture produces guarantees while mitigating certain default vulnerabilities inherent in conventional financial systems. Anvil Research Labs identified multiple organizations currently utilizing or evaluating its technology, including Consensus, Bitcoin.com, and Flexa. Bullish, which owns CoinDesk, is investigating potential applications of the protocol within its operational framework. The wider DeFi lending ecosystem dwarfs Anvil’s current scale. Combined DeFi lending protocols manage approximately $56 billion in assets, with Aave and Morpho dominating the sector, per DefiLlama data. The post Peter Thiel-Backed Fund Acquires ANVL Governance Tokens in DeFi Protocol Deal appeared first on Blockonomi.
XRP dao động quanh mức 1,46 USD khi vị thế bán khống chiếm ưu thế và kế hoạch niêm yết trên Nasdaq bị hoãn
Tóm tắt XRP dao động trong khoảng 1,46–1,51 USD, giảm 1–2% trong ngày qua. Dữ liệu phái sinh từ CoinGlass cho thấy các vị thế bán khống hiện chiếm ưu thế so với vị thế mua, dù tỷ lệ funding vẫn dương nhẹ. Các vùng hỗ trợ quan trọng nằm ở mức 1,46–1,48 USD, trong khi các ngưỡng kháng cự xuất hiện tại 1,54–1,56 USD và đỉnh hồi cuối tháng 9 quanh 1,65 USD. Một tỷ token XRP đã được mở khóa từ ví ký quỹ của Ripple vào ngày 1 tháng 10. Kế hoạch niêm yết trên Nasdaq của Evernorth và Armada với mã XRPN, ban đầu dự kiến vào ngày 8 tháng 10, đã bị hoãn mà chưa có ngày mới.
Cardano (ADA) giới thiệu tiêu chuẩn CIP-0113 tập trung vào tuân thủ quy định dành cho tài sản kỹ thuật số được quản lý
TÓM TẮT Quỹ Cardano đã kích hoạt CIP-0113, một giao thức token hướng đến tuân thủ quy định, vào ngày 7 tháng 10 năm 2026. Các tổ chức phát hành công cụ kỹ thuật số chịu sự quản lý giờ đây có thể đóng băng số dư, thu hồi tài sản và giới hạn đối tượng đủ điều kiện nhận. Logic xác thực chạy trực tiếp trên blockchain Cardano thay vì phụ thuộc vào cơ sở hạ tầng bên ngoài. Các đơn vị tiên phong áp dụng gồm Eternl, GeroWallet, CardanoScan và bộ công cụ dành cho nhà phát triển BloxBean. Hiệp hội Thị trường Vốn và Công nghệ Thụy Sĩ xác nhận CIP-0113 phù hợp với khuôn khổ cổ phiếu trên chuỗi của hiệp hội.
Mô hình tam giác thu hẹp báo hiệu Solana (SOL) sắp có biến động giá
Tóm tắt SOL hiện đang giao dịch quanh mức 121 USD, duy trì trên các đường trung bình động hàm mũ 20, 50, 100 và 200 ngày. Cả khung thời gian ngày lẫn tuần đều xác định 125 USD là ngưỡng kháng cự then chốt, có thể quyết định hướng biến động tiếp theo. Chỉ báo Dòng tiền Chaikin trên biểu đồ ngày ghi nhận mức 0,23, cho thấy hoạt động tích lũy diễn ra ổn định. Tổng giá trị khóa trong hệ sinh thái DeFi của Solana tăng từ khoảng 5,6 tỷ USD lên 6,7 tỷ USD trong giai đoạn tháng 9–10. Vị thế mở trên thị trường phái sinh đã tăng vọt lên hơn 7 tỷ USD, với các vùng thanh lý đáng kể tập trung quanh mức 115 USD và 125 USD.
U.S. Government Moves $103M in BTC and BNB to Coinbase Prime, Drawing Scrutiny
TLDR: U.S. government-linked wallets moved $103M in crypto, including 833.6 BTC and 40,285 BNB, on October 7. Coinbase Prime received 833.6 BTC worth about $71.56M, while no federal agency confirmed any sale. BNB worth $31.63M moved from an FTX-Alameda seized-funds wallet before reaching an unlabeled address. U.S. government-linked wallets still held about $28B, including roughly 324,000 BTC after the transfers. U.S. government-linked wallets moved about $103 million in cryptocurrency on October 7, directing Bitcoin to Coinbase Prime and BNB through several addresses. Lookonchain and EmberCN tracked 833.6 BTC worth about $71.56 million and 40,285 BNB valued near $31.63 million. 6 小时前,美国政府地址转出了 833.6 枚 BTC ($7156 万) 及 40,285 枚 BNB ($3163 万),价值 $1.03 亿。 833.6 枚 BTC 进入了 Coinbase Prime;40,285 枚 BNB 经多次转移后目前位于 0xBE7…81E 地址。 美国政府地址目前仍持有价值 $280 亿的资产,主要是 32.4 万枚 BTC ($277 亿)。… pic.twitter.com/C6Kwu93kfo — 余烬 (@EmberCN) October 7, 2026 The BNB ultimately reached the unlabeled address 0xBE7…81E. Meanwhile, transaction labels linked the Bitcoin to the Sergei Potapenko-Ivan Turõgin case and the 2016 Bitfinex hack. The BNB, by contrast, originated from a wallet associated with seized FTX-Alameda funds. $103M BTC and BNB Transfer Draws Coinbase Prime Scrutiny The Bitcoin destination drew attention as Coinbase Prime provides institutional custody and trading services. However, the transfer itself does not establish that any BTC was sold. The U.S. Marshals Service selected Coinbase Prime in 2024 to manage large-cap digital assets held through federal forfeiture programs. Such transfers can therefore reflect custody, consolidation, or authorized disposal preparation. No federal agency had announced a sale linked to the 833.6 BTC movement by October 7. Similar government-linked transfers occurred in July without confirmed liquidation. The Justice Department previously said authorities recovered about 95,000 BTC from the Bitfinex theft. Meanwhile, the Potapenko-Turõgin case provides additional administrative context, although no direct connection has been established. Prosecutors said HashFlare generated more than $577 million in sales, while the defendants agreed to forfeit assets worth over $400 million. In a September 24 update, authorities said the victim-remission process depends on liquidating forfeited assets. However, the agency has not linked Wednesday’s Bitcoin transfer to that process, leaving the purpose of the latest movement unconfirmed. Reserve Rules Separate Bitcoin From BNB Treatment President Donald Trump’s March 2025 executive order created the Strategic Bitcoin Reserve and a separate U.S. Digital Asset Stockpile for non-Bitcoin assets. Under Executive Order 14233, finally forfeited Bitcoin placed in the reserve shall not be sold. Exceptions remain for court orders, restitution, law-enforcement needs, and statutory duties. Nonetheless, BNB falls under the separate stockpile framework, where the Treasury secretary has broader authority over responsible stewardship. That distinction matters as the latest assets originated from enforcement cases rather than government purchases. EmberCN estimated that U.S. government-linked addresses still hold roughly $28 billion in crypto after the transfers. The total includes about 324,000 BTC worth $27.7 billion. However, tracked wallet balances do not necessarily equal the official Strategic Bitcoin Reserve. Some assets may remain subject to forfeiture proceedings, restitution claims, or restrictions. For now, blockchain data confirms movement into Coinbase Prime and external addresses. Establishing liquidation would require further wallet activity, a court filing, or an official disposal notice. The post U.S. Government Moves $103M in BTC and BNB to Coinbase Prime, Drawing Scrutiny appeared first on Blockonomi.
Hoạt động của cá voi Cardano tăng vọt khi vốn hóa thị trường ADA tăng 42%
Tóm tắt: Vốn hóa thị trường của Cardano tăng 42% kể từ ngày 16 tháng 9, khi ADA tăng từ khoảng 0,19 USD lên 0,27 USD. Số giao dịch của cá voi trị giá trên 100.000 USD đạt 413 trong một ngày, mức cao nhất kể từ ngày 4 tháng 6. Khối lượng hợp đồng mở của ADA tăng khoảng 25%, lên 304 triệu USD trong hai ngày, mức đóng cửa ngày cao nhất kể từ ít nhất tháng 4. Giannis Andreou cho biết việc lấy lại mốc 0,32–0,40 USD sẽ củng cố triển vọng phục hồi của ADA, với mốc 0,426 USD tiếp theo. Đà tăng của ADA đã thu hút các nhà đầu tư lớn quay lại Cardano, với vốn hóa thị trường tăng 42% kể từ ngày 16 tháng 9. Dữ liệu on-chain cho thấy có 413 giao dịch trị giá ít nhất 100.000 USD trong một ngày.
Abstract dự kiến ngừng hoạt động ngày 15 tháng 12 khi Igloo báo lỗ hàng chục triệu đô la
Tóm tắt: Abstract sẽ ngừng hoạt động vào ngày 15 tháng 12 năm 2026, và số tiền chưa được chuyển qua cầu nối trước thời điểm đó sẽ không thể truy cập được. Igloo cho biết họ đã lỗ hàng chục triệu đô la trong hai năm khi tìm cách đưa chuỗi này đạt mức sinh lời. Người dùng có thể chuyển tài sản qua Migration Hub hoặc cầu nối gốc, vốn có độ trễ ba giờ. Sau khi Abstract ngừng hoạt động, Igloo sẽ tập trung lại nguồn lực vào Pudgy Penguins, Pudgy NFTs và PENGU. Theo công ty mẹ Igloo, chuỗi Abstract dự kiến ngừng hoạt động vào ngày 15 tháng 12 năm 2026. Đội ngũ nêu các lý do gồm chi phí vận hành cao, thanh khoản hạn chế, hệ sinh thái DeFi bị giới hạn và nhu cầu thị trường suy yếu.
Cổ phiếu Royal Caribbean Group (RCL): Tăng mạnh khi Silversea triển khai mở rộng đáng kể các hành trình toàn cầu
Tóm tắt RCL tăng 4,81% khi Silversea công bố 103 chuyến đi qua 56 quốc gia. Silversea bổ sung 29 cảng mới tại châu Âu, châu Á và châu Mỹ. Lịch trình tại vùng Caribe gồm 38 chuyến đi đến 34 điểm đến. Silver Nova sẽ khai thác hành trình Grand South America kéo dài 75 đêm. Mở rộng tại châu Á, bổ sung tám cảng mới và các điểm bắt đầu, kết thúc hành trình mới. Royal Caribbean Group (RCL) giao dịch ở mức 288,25 USD, tăng 4,81%, khi Silversea công bố mở rộng đáng kể các hành trình toàn cầu. Thương hiệu du thuyền hạng sang này thông báo 103 chuyến đi đến 219 điểm đến tại 56 quốc gia trong bộ sưu tập 2028–2029. Chương trình cũng bổ sung 29 cảng mới và mở rộng phạm vi hoạt động của Royal Caribbean tại một số khu vực du thuyền lớn.
Ondo Finance mở nền tảng giúp tiếp cận cơ hội đầu tư vào các công ty tư nhân thông qua blockchain
Tóm tắt Ondo Finance ra mắt Ondo Private Markets, cho phép nhà đầu tư tiếp cận các công ty trước IPO thông qua token hóa Sản phẩm chào bán đầu tiên theo dõi một công ty trí tuệ nhân tạo chưa được tiết lộ danh tính, đang chuẩn bị tham gia thị trường đại chúng Các giấy nợ kỹ thuật số này giúp nhà đầu tư hưởng lợi từ biến động giá trị, nhưng không mang lại quyền sở hữu cổ phần, quyền biểu quyết hay khoản thanh toán cổ tức Một pháp nhân có mục đích đặc biệt đặt tại Quần đảo Virgin thuộc Anh phát hành chứng khoán này, độc lập với công ty cơ sở Theo các yêu cầu của Quy định S thuộc SEC, chỉ những cá nhân không phải người Hoa Kỳ đủ điều kiện mới được phép tiếp cận
S&P 500 bất chấp lợi suất trái phiếu Kho bạc 5%, tăng bứt phá nhờ AI và lập kỷ lục mới
Tóm tắt Cả S&P 500 và Nasdaq đều lập đỉnh cao nhất mọi thời đại mới trong tuần này, ngay cả khi lợi suất trái phiếu Kho bạc Mỹ kỳ hạn 10 năm vẫn ở trên 5%. Lợi nhuận doanh nghiệp được dự báo tăng hơn 30% so với năm trước, tạo lực hỗ trợ bất chấp chi phí vay vốn vẫn ở mức cao. Định giá của Nvidia đang tiến gần mốc 6 nghìn tỷ USD, nhờ các khoản đầu tư liên tục vào cơ sở hạ tầng trí tuệ nhân tạo. Phiên giao dịch hôm thứ Ba ghi nhận mức tăng ở tất cả các lĩnh vực thuộc S&P 500, cho thấy đà tăng không chỉ giới hạn ở các cổ phiếu công nghệ vốn hóa siêu lớn.
Constellation Energy Soars 13% on Record 3.6-Gigawatt Google Power Agreement
TLDR Major U.S. indexes reached all-time highs as declining oil prices and softening Treasury yields boosted investor sentiment. Nvidia’s market capitalization edged closer to the $6 trillion milestone amid sustained AI enthusiasm. Uber Technologies announced a $2.3 billion cash acquisition of corporate catering service ezCater. Constellation Energy shares rallied over 13% following a landmark 3.59-gigawatt electricity supply pact with Google. Brent crude oil dropped approximately 2% to roughly $98.50 a barrel, reducing inflation pressures. American equity markets surged to unprecedented levels on Tuesday. Declining energy costs combined with retreating bond yields provided a favorable backdrop for the rally. Ongoing enthusiasm surrounding artificial intelligence technologies further fueled the advance. The S&P 500 index rose to approximately 7,841 points. The Nasdaq Composite also established a new all-time peak. The Dow Jones Industrial Average added more than 350 points throughout the trading session. Every one of the 11 S&P 500 sector groups posted gains on Tuesday. Market participants demonstrated widespread confidence spanning multiple industries beyond technology alone. Nvidia Approaches $6 Trillion Market Cap Nvidia continued to anchor the market’s upward momentum. The stock advanced approximately 1% during Tuesday’s session. The gain brought the semiconductor giant’s total market capitalization within striking distance of $6 trillion. Nvidia has emerged as the defining symbol of AI infrastructure investment. Technology corporations continue allocating substantial capital toward processors and computing facilities. Demand for advanced computing capabilities remains robust throughout the sector. The technology sector overall benefited from optimistic earnings projections. Wall Street analysts anticipate S&P 500 company profits will surge more than 30% compared to the same quarter last year. Artificial intelligence spending represents a primary catalyst for that anticipated expansion. Market observers are awaiting confirmation through forthcoming quarterly results. Uber Acquires ezCater in $2.3 Billion Deal Uber Technologies captured attention with a major acquisition announcement on Tuesday. The ride-sharing and delivery giant reached an agreement to purchase American corporate catering service ezCater for $2.3 billion in an all-cash transaction. The acquisition bolsters Uber’s competitive standing in workplace meal delivery services. ezCater processed over $2.5 billion in total gross bookings during the preceding twelve months. The typical business catering order placed through ezCater’s platform surpasses $400. Uber intends to integrate ezCater’s operations with Uber Eats and Uber for Business divisions. The acquisition represents an effort to narrow the competitive distance with DoorDash in the American food delivery market. Delivery services accounted for approximately 37% of Uber’s total revenue during the second quarter. The ezCater transaction provides Uber with an additional revenue stream. The move arrives as market participants also monitor how autonomous vehicle technology might reshape Uber’s core ride-hailing operations in coming years. Constellation Energy Rallies on Landmark Google Power Agreement Constellation Energy emerged as one of Tuesday’s most impressive performers. The stock jumped over 13% following announcement of a substantial contract with Google. Google committed to purchase 3,590 megawatts of electrical power from Constellation. The agreement ranks among the most significant power purchase contracts executed in the United States grid infrastructure market. Approximately 890 megawatts of supply will originate from enhanced nuclear generation facilities. Constellation has committed to investing more than $4.3 billion toward expanding output capacity at atomic power stations located in Illinois, Pennsylvania, and New Jersey. An additional 15-year supply contract encompasses another 2,700 megawatts of generation capacity. The agreement highlights an emerging investment theme across financial markets. Artificial intelligence is evolving into an energy infrastructure story alongside its semiconductor narrative. Massive data processing centers require reliable, continuous electrical supply. This dynamic generates demand for utility operators and nuclear power plant companies. Energy infrastructure businesses are capturing investor interest parallel to chipmakers. Declining Crude Oil Prices Support Market Rally Softening energy commodity prices provided additional momentum for equities on Tuesday. Brent crude declined nearly 2% to settle around $98.48 per barrel. U.S. West Texas Intermediate benchmark crude retreated to approximately $88 per barrel. Petroleum prices have weakened as Middle Eastern crude oil shipments normalize. G7 nations are simultaneously preparing a coordinated emergency release from diesel and crude petroleum reserves. This initiative has contributed additional downward momentum to energy prices. Declining oil prices carry significance for equity markets because energy expenses directly influence inflation dynamics. Falling crude costs can alleviate financial pressure on households and corporations. Lower energy prices may also provide the Federal Reserve with greater flexibility regarding monetary policy decisions. Investors will continue monitoring petroleum price movements carefully in upcoming weeks. The post Constellation Energy Soars 13% on Record 3.6-Gigawatt Google Power Agreement appeared first on Blockonomi.
Infleqtion (INFQ) Stock: Rises After Major Quantum Photonics Breakthrough With Honeywell
TLDR Infleqtion stock rises 0.95% after announcing a quantum photonics breakthrough. Honeywell fabricates the new optical cavity using silicon nitride chip technology. The design could shrink quantum sensors while improving laser stability and scale. UC Santa Barbara research supports the prototype and its commercial production path. The technology targets navigation, atomic timing, data centers, and telecom systems. Infleqtion (INFQ) stock rose 0.95% to $12.78 after the company announced a quantum photonics breakthrough with Honeywell Aerospace. The stock eased from an intraday move above $13.10 as the market assessed the new technology announcement. Infleqtion said the development could help shrink quantum sensors into smaller and more practical systems. Infleqtion Inc, INFQ Infleqtion and Honeywell Develop Chip-Scale Optical Cavity Infleqtion worked with Honeywell Aerospace and UC Santa Barbara researchers to develop a new integrated optical cavity. The teams built the prototype on a silicon nitride chip at Honeywell Aerospace’s photonics foundry. The device reduces the space needed to stabilize lasers inside quantum computers, clocks, and sensing systems. The design uses semiconductor manufacturing methods that already support commercial production across established fabrication facilities. This approach could make quantum hardware smaller while keeping the laser stability required for precise operation. It also gives the partners a clearer route toward producing the technology at larger volumes. Optical cavities help lasers maintain stable performance inside sensitive quantum systems and precision timing equipment. Traditional versions often require large and fragile tabletop hardware, limiting their use outside controlled research environments. The new prototype shifts that function toward chip-scale production and could support broader field deployment. Quantum Sensor Design Targets Navigation and Timing Infleqtion said smaller optical cavities could support precision navigation, atomic timing, data centers, and telecommunications infrastructure. The technology could also strengthen quantum sensors that need stable lasers inside compact and durable equipment. These uses provide a practical path from university research into commercial systems across several industries. UC Santa Barbara’s OCAQπ Group designed the prototype with Infleqtion’s engineering team. Honeywell Aerospace then fabricated the device using its established silicon nitride photonic integration process. The project combined academic research, quantum engineering, and commercial manufacturing capabilities in one development program. Professor Daniel Blumenthal’s research group has spent more than a decade shrinking cold-atom quantum systems. Its work focuses on moving complex optical experiments from large laboratory setups toward chip-based platforms. The latest prototype extends that effort by connecting research designs directly with commercial fabrication methods. Infleqtion Builds on SiNoptiq and UCSB Research UC Santa Barbara’s technology office managed intellectual property that supported the photonic technology behind the project. The university filed more than a dozen patent applications tied to research that later supported SiNoptiq. Professor Blumenthal founded SiNoptiq before Infleqtion acquired the photonics startup in 2024. The acquisition added silicon photonics expertise and technology developed through long-term university research. It also strengthened Infleqtion’s ability to combine neutral atom systems with smaller photonic components. The current project shows how that research base can support devices designed for commercial manufacturing. Infleqtion continues developing quantum computing and sensing systems around neutral atom technology. The optical cavity adds a manufacturing-focused component to its effort to reduce system size and complexity. Honeywell Aerospace also provides a commercial fabrication route that could support higher production volumes as deployments expand.
The post Infleqtion (INFQ) Stock: Rises After Major Quantum Photonics Breakthrough With Honeywell appeared first on Blockonomi.
Polymarket Sets November V2 Move, But Testing Comes First
TLDR Polymarket has started canary testing for its rebuilt Protocol V2 system. The platform tentatively plans to move new markets to V2 on November 2. V2 supports four market types and introduces pUSD as collateral. The OracleAggregator can connect markets with UMA, Chainlink, and other data sources. Six security firms audited the protocol, while its critical bug bounty reaches $5 million. Polymarket has started canary markets on Protocol V2, a rebuilt smart-contract system for prediction markets. Protocol lead Rajath Alex said Polymarket will continue testing through October 30. The platform tentatively plans to move new markets to V2 on November 2. Polymarket Tests New Market System Protocol V2 replaces the Conditional Tokens Framework, which dates to 2019. The setup uses one ERC-1155 contract to manage positions. It also uses pUSD as collateral, exchanges for market types, and a router for transactions. The first version supports Binary, Atomic Neg-risk, Incremental Neg-risk, and Combinatorial markets. Polymarket added an OracleAggregator that can use UMA, Chainlink, and other data sources. CFTC prediction-market rule proposals have kept attention on how event contracts operate in the United States. The system includes tools for moving positions, collateral, and market results across blockchains. Polymarket has not activated those features yet. The company plans to use them when it expands beyond its current network. Polymarket is launching Data API V2 with the contract upgrade. The Rust-based service uses the company’s own onchain indexer to organize market data. The change gives developers a new data layer for the V2 rollout. Polymarket odds on a possible October rate hike showed how traders use the platform for economic events. The new protocol aims to support more market structures while keeping the contract system simpler than the current setup. Security Reviews Cover Protocol V2 Six security firms reviewed the V2 code before migration. Cantina, Certora, Quantstamp, SigmaPrime, Zellic, and Pashov completed audits. Certora also used formal verification to check the code against defined rules. Polymarket offers a bug bounty of up to $5 million for critical findings. The program rewards security researchers who report serious flaws before wider use. The upgrade arrives as Polymarket adds senior staff and expands its protocol team. Rajath Alex joined in May. The company later hired Bird founder Travis VanderZanden as chief growth officer. A trader’s return to Polymarket for a Trump AI wager also drew attention last week. Separately, reports say the company is discussing a $1 billion funding round at a $21 billion post-money valuation. The canary period gives Polymarket time to test V2 under real market conditions before the planned switch. The November 2 date remains tentative, and the company can adjust the schedule based on testing results. The post Polymarket Sets November V2 Move, But Testing Comes First appeared first on Blockonomi.
Cổ phiếu Applied Materials (AMAT): Lao dốc khi hợp tác với Intel mở rộng hoạt động phát triển chip thế hệ mới
Tóm tắt nhanh Applied Materials mở rộng hợp tác sản xuất chip với Intel khi cổ phiếu AMAT giảm 1,80% xuống còn 532,52 USD hôm nay. Intel và Applied hướng đến đẩy nhanh quá trình phát triển chip tiên tiến và công nghệ đóng gói. Công nghệ xếp chồng 3D Foveros nhằm cải thiện mật độ, mức tiêu thụ điện năng và khả năng kiểm soát nhiệt. Trung tâm EPIC của Applied sẽ hỗ trợ thử nghiệm nhanh hơn và thương mại hóa chip. Quan hệ đối tác ngày càng sâu sắc khi các nhà sản xuất chip chạy đua đáp ứng nhu cầu điện toán tiên tiến. Cổ phiếu Applied Materials giảm 1,80% xuống còn 532,52 USD vào thứ Ba, sau khi đà lao dốc mạnh vào buổi sáng xóa sạch mức tăng trước đó trong phiên tiền thị trường. Trong khi đó, nhà sản xuất thiết bị bán dẫn này đã mở rộng quan hệ đối tác công nghệ với Intel trong lĩnh vực phát triển chip tiên tiến. Hai công ty đặt mục tiêu đẩy nhanh việc phát triển các công nghệ transistor, kết nối liên chip và đóng gói mới cho các hệ thống điện toán tương lai.
TLDR DeFi Development authorized repurchases of current and future CHAD preferred shares. The company has no immediate plan to buy CHAD shares. Management wants CHAD to establish itself near its $10 par value first. DeFi Development reported Solana holdings of about 2.56 million SOL. DFDV shares gained roughly 3.3% during Tuesday’s trading session. Nasdaq-listed DeFi Development Corp. has authorized an open-ended program to repurchase up to all outstanding CHAD preferred shares. The authorization also covers CHAD shares issued in the future. The company may use the program if the security trades below its $10 par value, but it has no current plan to start purchases. DeFi Development sets CHAD repurchase framework Chief Executive Joseph Onorati said the company’s first goal is to help CHAD establish itself around par. Management wants the repurchase authority available as a capital-allocation tool if the preferred shares later fall below that level. The move follows recent Solana DEX volume growth across the wider network. NEWS: Solana Treasury Company @defidevcorp, which holds ~2.53M $SOL in its treasury, has authorized a program to repurchase up to all outstanding CHAD preferred shares. The company says it may buy back CHAD if it trades below its $10 par value, but does not currently plan to… pic.twitter.com/vMrR5xvQPe — SolanaFloor (@SolanaFloor) October 6, 2026 The authorization sits alongside DeFi Development’s existing $300 million CHAD at-the-market program. The company has said it plans to use proceeds from CHAD sales to fund more SOL purchases. DeFi Development paid the preferred stock’s first dividend on Oct. 1, adding another step to the security’s launch. The authorization does not change the stated purpose of CHAD proceeds, which remains additional Solana treasury purchases. Solana treasury grows during third quarter DeFi Development also reported preliminary third-quarter figures showing growth in its Solana treasury. The company said net asset value per share more than doubled while holdings rose to about 2.56 million SOL over the past week. Its treasury model ties capital raising directly to the company’s ongoing plan to increase SOL reserves. The company views CHAD as a longer-term source of capital rather than a single funding event. Its repurchase authorization does not require immediate action and gives management room to respond to future market pricing. The approach comes as Forward Industries expanded its SOL treasury during its fiscal fourth quarter. DFDV shares rise after treasury update DFDV shares gained about 3.3% during Tuesday’s trading session. The stock move followed Monday’s preliminary third-quarter update and the latest information on the company’s SOL holdings. DeFi Development remains one of the listed companies using digital assets as a major part of its treasury strategy, while Solana’s institutional settlement work continues to expand. The CHAD plan gives the company another option for managing its preferred equity while keeping its SOL accumulation strategy in place. Investors will now watch where CHAD trades relative to par and whether the company eventually uses the authorization. The program can cover current and future CHAD shares without setting a fixed repurchase deadline. The post DeFi Development Clears CHAD Buybacks—But Not Yet appeared first on Blockonomi.
TLDR Circle, Ripple, QRT, and SC Ventures have invested in OKX. The latest financing keeps OKX’s pre-money valuation at $25 billion. OKX plans to expand beyond crypto trading into payments and traditional assets. OKXICE seeks to offer 24/7 trading in tokenized shares of 63 U.S. companies. Institutional adoption may depend on liquidity, reliable pricing and long-term regulatory certainty. Crypto exchange OKX has secured fresh backing from Circle, Ripple, Qube Research & Technologies, and SC Ventures as it expands beyond digital asset trading. The company did not disclose the investment size, but the financing values OKX at $25 billion before the new capital. The funding extends a March investment from Intercontinental Exchange, the owner of the New York Stock Exchange. OKX says it plans to build one platform for trading, payments, investing and other financial services. OKX Draws New Strategic Investors The investor group links OKX with companies active in stablecoins, payments, custody and institutional trading. Circle issues USDC, while Ripple runs payment products and issues the RLUSD stablecoin. SC Ventures is the venture arm of Standard Chartered. The bank also works with BlackRock and OKX on custody arrangements tied to tokenized assets, while QRT provides institutional liquidity and trading capacity. The expansion comes as major crypto exchanges add services that sit closer to traditional finance. Payments, stablecoins, stocks and tokenized assets have become important areas as firms search for new sources of revenue. Recent market activity also shows wider use of stablecoins outside crypto trading. A USDC stablecoin settlement pilot between Lloyds and Visa tested faster transfers across financial networks, adding another example of blockchain-based payment infrastructure. Tokenized Stocks Face Liquidity Test OKX and ICE have also moved into tokenized equities through their joint venture, OKXICE. The venture filed with the SEC to offer round-the-clock trading in shares of 63 U.S. companies. The proposed market would use OKX’s X Layer blockchain and stablecoins for settlement. Related plans for 24/7 tokenized U.S. stock trading show how digital asset firms are testing regulated access to traditional securities. Macquarie said institutional adoption will depend on liquidity, company participation and reliable pricing throughout the day. The temporary five-year SEC framework may also affect how quickly large firms connect their systems. Ripple is also expanding blockchain payment activity in Asia, where XRP Asia payments expansion has launched as part of a wider payments push. These developments place stablecoins and blockchain settlement closer to mainstream finance. OKX’s latest funding gives the company more strategic partners as it builds across crypto and traditional markets. The company now needs to prove that users and institutions will adopt the broader platform as it enters more regulated financial services worldwide. The post OKX Targets Finance Beyond Crypto Trading appeared first on Blockonomi.