BingX Cryptocurrency Exchange｜Bitcoin Ethereum Solana Spots and Derivatives Trading

Gino Matos

Four Altcoin ETFs Begin Trading on Oct 28 Including Solana Staking Products

Four spot altcoin ETFs launched on Oct 28, marking the first non-Bitcoin, non-Ethereum crypto ETFs in the U.S. The products include Bitwise and Grayscale Solana staking ETFs. Canary Capital's HBAR and LTC ETFs also began trading on Nasdaq. According to Canary CEO Steven McClurg, Litecoin and Hedera are the next token ETFs to go effective after Ethereum.

Nevada Shuts Down Fortress Trust Over $12M Shortfall, Citing Insolvency

Nevada regulators ordered Fortress Trust to cease operations on Oct. 22 due to insolvency, holding only $200,000 against $8 million in fiat and $4 million in crypto liabilities. The shutdown marks the second major Nevada trust collapse since Prime Trust entered receivership in June 2023.

China Merchants Bank's $3.8B fund tokenization on BNB Chain reshapes RWA landscape

CMB International Asset Management has tokenized its $3.8B USD Money Market Fund on BNB Chain through CMBMINT tokens on October 15, marking a significant advancement in China's approach to real-world asset tokenization despite regulatory scrutiny.

Bitcoin retreats to $117K despite debasement narrative as gold hits $4,059 record

Bitcoin trades at $117,729 after failing to sustain momentum from its $126K peak, with risk-off sentiment overshadowing JPMorgan's debasement thesis. Meanwhile, gold reached a new all-time high of $4,059 on October 10.

Citigroup projects stablecoin market to reach $1.9T by 2030, despite institutional adoption at 0.5/10

Citigroup has increased its 2030 stablecoin market projection to $1.9 trillion from $1.6 trillion, citing regulatory clarity and payment network integration. Despite the 40% growth in stablecoin issuance this year, institutional adoption remains minimal at just 0.5 on a 10-point scale according to the September 25 report.

Cardano's Critical $0.80 Support Test: Technical Analysis Reveals Recovery Requirements

Cardano (ADA) struggles at $0.7739, dropping 6% in 24 hours and 16.5% weekly, as analysts emphasize the critical $0.80 support level for potential recovery. Grayscale's recent ETF launch includes 1% ADA allocation, providing institutional exposure while technical patterns suggest possible $3-$6 range if historical Fibonacci extensions repeat.

Coinbase Ventures Leads $14.6M Funding Round for Stablecoin Infrastructure Provider Bastion

Stablecoin infrastructure provider Bastion secured $14.6 million in funding led by Coinbase Ventures, with Sony Ventures, Samsung Next, a16z Crypto, and Hashed participating. The company, founded by former Meta Libra team members, enables businesses to launch branded stablecoins without navigating regulatory complexities, capitalizing on the clarity provided by the GENIUS Act signed on July 18.