HYPE drops 4% to $87 as team starts $330M token deal

Hyperliquid Labs has completed the seven-day unstaking of 3.75 million HYPE worth roughly $330 million, allowing tokens tied to a private institutional deal to begin moving across wallets.  Onchain Lens reported on Oct. 7 that the tokens had reached Hyperliquid Labs spot balance, with 1.875 million HYPE subsequently sent across five addresses. Each wallet initially received 375,000 tokens, representing half of the 3.75 million-HYPE allocation.  The tracker said the tokens were linked to an over-the-counter, or OTC, agreement with an undisclosed institution and would not be sold directly through the open market. An OTC transaction allows two parties to arrange a transfer privately without placing the entire order onto a public exchange order book.  HYPERLIQUID LABS STARTS $330M HYPE OTC DISTRIBUTION  Unstaking of 3.75M $HYPE ($330M) has finished after 7 days, with the tokens now credited to Hyperliquid Labs spot balance.  These tokens will not be sold on the open market. Instead, the Hyperliquid Labs team has arranged an… pic.twitter.com/70MG4Qg898  — Onchain Lens (@OnchainLens) October 7, 2026  Earlier reporting linked the deal to Hyperliquid‘s October team distribution. FinanceFeeds reported that Hyperliquid co-founder iliensinc said in the project’s Discord that the entire 3.75 million-token block was covered by an institutional OTC arrangement. The buyer, negotiated price and any

3 دن پہلےانڈسٹری

Ripple Emerges as Major Wall Street Threat

According to a recent report by The Wall Street Journal, Ripple now asserts itself as a major competitor to Wall Street banks in a lucrative segment of the financial world that has been largely the domain of the big banks.  The enterprise blockchain firm has become a major player when it comes to the financing of swaps for leveraged exchange-traded funds (ETFs). Such investment funds enable investors to gain more leverage over the price movements of individual stocks or stock market indexes by using derivatives like total return swaps.  Generally, major banks and brokerage houses have been the ones offering up these contracts for a fee while simultaneously hedging their risk to the underlying asset. Now, however, Ripple is trying to get a piece of this lucrative pie with its institutional brokerage arm known as Ripple Prime.  Morningstar Direct data shows there are 593 leveraged ETFs trading in the U.S. at the moment, with assets under management totaling over $256 billion. Out of that total, 426 of them are single-stock leveraged ETFs.  Depending on the deal, the financing fees can be quite lucrative for the providers. Per the WSJ report, one leveraged fund pays out the overnight bank funding rate plus 4% for financing

3 دن پہلےانڈسٹری

‘Old money’ has stronger Bitcoin ‘diamond hands,’ says BingX exec

BingX chief strategy officer Kevin Lee says wealthy “old money” investors are taking a longer-term approach to Bitcoin (BTC) than many crypto-native traders.  In a Token2049 fireside chat with Cointelegraph head of multimedia Ciaran Lyons, Lee said he deals with “a lot of old money” seeking alternative investments.  “They have stronger diamond hands than any of us,” Lee said.  He added that Bitcoin has grown large enough that wealthy investors are increasingly looking at it as a way to diversify a portfolio rather than expecting it to “go 10x in two weeks.”  Lee described wealthy investors as a largely untapped source of crypto capital, saying their buy-and-hold approach could make Bitcoin a portfolio diversifier for more investors. But data on family offices suggests that broader adoption remains limited.  Cointelegraphs Ciaran Lyons (left) and BingX CSO Kevin Lee (right) at Token2049 Singapore. Photo: Aubrey Paller/CointelegraphWealthy crypto investors lean long term, but adoption remains limited  Some affluent investors increasingly cite long-term appreciation and diversification as reasons for holding crypto.  Lee said Bitcoins growth has made it more viable as a portfolio diversifier, giving the example of an investor allocating 5% to gold and another 5% to Bitcoin rather than looking for rapid returns.  Recent data suggests affluent investors who already

3 دن پہلےانڈسٹری

Russia clears first crypto exchanges, custodians under new law

Russia has registered its first cryptocurrency exchange operators and digital custodians under new crypto regulations that took effect on Sept. 1.  The Bank of Russia on Tuesday published its first registers of authorized crypto operators, listing four exchange operators and five custodians.  Russias largest bank, Sberbank, was added to the custodian list, alongside Atomyze, Voltari and Cloud Infrastructure. T-Invest Lab, Zefir and Sistema-Crypto are on the crypto exchange operator list. VTB Bank appears on both lists.  Sberbank said on Monday that it had applied for digital custodian status and plans to launch its first crypto products on Dec. 1. The bank said it initially plans to support Bitcoin (BTC), Ether (ETH) and USDt (USDT) through its existing SberBank Online, SberInvestments and SberBusiness platforms.  The registrations come after Russian President Vladimir Putin signed a crypto law in August that created a regulated framework for exchanges, custodians, brokers and investors. The law puts the market under the Bank of Russia‘s oversight and maintains Russia’s ban on using crypto to pay for goods and services.

3 دن پہلےانڈسٹری

Crypto must cement adoption to withstand US policy shifts: Canton CEO

Digital Asset co-founder and CEO Yuval Rooz said the crypto industry should use the current regulatory environment to accelerate institutional adoption, arguing that widespread use of blockchain could make it harder for future administrations to reverse the industrys progress.  Speaking at Token2049 in Singapore, Rooz said the industry should make blockchain so widely used that whatever happens in 2028, “there is no going back.” The next US presidential election, which could bring a change in administration and regulatory priorities, is scheduled for Nov. 7, 2028.  He compared the opportunity to Uber and Airbnb, where he argued both services became entrenched before policymakers could effectively restrict them. “By the time people got their act together and decided, OK, we wanna legislate against those companies, it was too late,” Rooz said.  The comments come after the CLARITY Act failed to advance in the Senate procedural vote in September. The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have pushed ahead with crypto regulations under their existing authority.  Digital Asset co-founder and CEO Yuval Rooz at Token2049. Source: Mirra Ridzuan/Cointelegraph  In the same Token2049 panel, Binance co-CEO Richard Teng said he hoped the CLARITY Act would still become law, arguing that legislation could prevent regulatory

3 دن پہلےانڈسٹری

HashKey, BitGo add ETH and SOL staking for institutions

HashKey Cloud and BitGo have expanded their existing staking partnership into institutional trading, custody and real-world asset tokenization, with Ethereum and Solana named as the first assets covered by the staking arrangement.  BitGo said on Oct. 6 that the companies signed the expanded agreement in Singapore during TOKEN2049 week. WanCloud Ltd., which operates as HashKey Cloud within HashKey Group, signed the deal with NYSE-listed BitGo Holdings.  The agreement covers four business areas: staking, institutional trading flow, custody and RWA tokenization. Services will be limited to eligible institutional customers and jurisdictions where the relevant products are permitted.  HashKey and BitGo expand their July staking deal  The two companies were already working together before the Singapore agreement. Their first partnership, announced in July, centered on institutional staking.  Ascrypto.news reported on HashKey Cloud and BitGo‘s original staking partnership, the setup was designed to let institutional clients participate in proof-of-stake networks while keeping their assets within BitGo’s custody framework. HashKey Cloud supplied validator infrastructure.  The new agreement makes HashKey Cloud a validator partner on BitGos platform, with ETH and SOL as the first supported staking assets for eligible institutional clients.  Neither company has given an exact date for expanded staking access or identified the first clients expected to use the service.

3 دن پہلےانڈسٹری

Samsung Wallet to introduce USDC transfers across 82 million US Galaxy devices

Samsung Electronics has announced plans to introduce USDC stablecoin transfers through Samsung Wallet in late October, allowing eligible Galaxy users in the United States to send money to crypto wallets and bank accounts overseas.  SummarySamsung Wallet will introduce USDC transfers in late October, with the service available across 82 million US Galaxy devices.Eligible users will be able to send USDC to compatible crypto wallets without Samsung transfer fees and to qualifying bank accounts in more than 60 countries.Coinbase Prime will custody the USDC through Bastion, while Solana and Sui will provide blockchain infrastructure support.Samsung is considering future stablecoin payments at online and physical stores, with international expansion subject to local regulations.  According to the companys Oct. 7 announcement, the service will become available during the last week of October across 82 million U.S. Galaxy devices, with support for international bank transfers to more than 60 countries.  Eligible users will be able to send USDC to compatible crypto wallets without paying a transfer fee to Samsung. Bank account recipients can receive funds in their local currency without needing to hold cryptocurrency or install a wallet.  Samsung is working with Bastion and Coinbase to operate the service, while Solana and Sui are among the blockchain infrastructure

3 دن پہلےانڈسٹری

Cardano Foundation spins out digital identity firm Veridian

The Cardano Foundation has spun out Veridian as an independent digital identity company after three years of development, with its shares tokenized on Cardano and plans to seek investors in 2027.  SummaryVeridian‘s shares have been tokenized under Switzerland’s DLT Act using Cardanos CIP-0113 programmable token standard.CEO Thomas A. Mayfield will lead the companys government, enterprise, and AI agent identity business.Veridian plans to seek strategic partners and investors in 2027 to support expansion, including in the United States.The company says it has mapped all 142 requirements in Utahs state-endorsed digital identity implementation guide.  The Cardano Foundation, in an announcement dated Oct. 8, said Veridian will operate as an independent commercial business led by Thomas A. Mayfield. According to the release, the company will provide tools for governments, organizations and individuals to verify the identity and authority of participants in digital interactions without relying on a central identity database.  Alongside the corporate separation, the Foundation said Veridian‘s shares have been issued as ledger-based securities under Switzerland’s DLT Act. The release describes them as the first asset deployed on Cardano using the new CIP-0113 programmable token standard, developed by the Foundation and the Cardano community.  Cardano tokenizes Veridians shares under its new standard  The share issuance uses a

3 دن پہلےانڈسٹری

OKXICE Tokenized Stocks 2026: SEC Notice for 24/7 U.S. Equities

OKX and Intercontinental Exchange, the owner of the New York Stock Exchange, have advanced a proposal for around-the-clock trading in tokenized U.S. equities through their reported OKXICE joint venture.  Reuters reported on October 5 that the venture had filed a notice with the U.S. Securities and Exchange Commission concerning a proposed venue operating 24 hours a day, seven days a week. The contemplated universe includes shares or share-linked instruments referencing more than 60 U.S. companies.  This is a material market-structure development. It is not evidence that the market has already begun accepting orders, that the SEC has approved every instrument or that holders of a token automatically hold the same legal rights as registered shareholders.The reported venture  Public reporting describes OKXICE as a 50–50 venture between crypto exchange OKX and Intercontinental Exchange. The proposed model brings together an established securities-market operator and crypto-native trading infrastructure.  The underlying question is whether an equity-linked product can remain continuously tradeable after traditional U.S. stock-market hours without losing essential protections around ownership, custody, disclosure, settlement and corporate actions.Why the filing matters  Most U.S. listed equities trade within regulated exchange sessions, with extended-hours trading subject to separate market conditions and liquidity. Crypto markets operate continuously.  A tokenized-equities venue could allow 24/7

3 دن پہلےانڈسٹری ریسرچ

SWEAT Bitvavo Oct. 8 Update: Withdrawals Closed, EUR Conversion Due Oct. 15

The most urgent near-term SWEAT risk has moved from a future withdrawal deadline into the platform-controlled conversion stage. Bitvavos published October 7 timetable ended deposits at 13:00 CEST, trading at 14:00 CEST and SWEAT withdrawals at 15:00 CEST. Those times have now elapsed. The exchange has not promised a guaranteed conversion rate for any residual holdings.What happens to SWEAT left on Bitvavo?  Bitvavo says it will sell remaining SWEAT and credit EUR by October 15 or earlier. The operator will attempt an orderly sale, but spread, slippage and execution price are not guaranteed. This is a forced change in asset form: a customer may end up owning a euro account balance rather than the original SWEAT token.  The platform warns that the displayed EUR value can temporarily show zero after the trading halt while the sale and crediting are processed. That processing state alone is not proof of confiscation; the economic questions are whether the eventual EUR credit arrives and what execution terms are applied.Project shutdown is a separate, later event  The Sweat Foundations official wind-down guidance states that Sweat Wallet and SWEAT in their current form end December 30, 2026. Until then the app and current contract services are expected to run.

3 دن پہلےانڈسٹری ریسرچ
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