News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
1Bitget Daily Digest(October 30)|Tether becomes the world's 17th largest holder of US Treasuries; SEC to rule today on Nasdaq Ethereum Trust staking proposal; Alternative for Germany proposes including Bitcoin in national strategic reserves.2Bloomberg: $263 million in political donations ready as the crypto industry ramps up for the US midterm elections3Solana Maintains 3-Year Support, Eyes $280 Resistance for Next Key Breakout
Flash
- 15:40Banks and fintech companies accelerate digital asset mergers and acquisitions, Citizens Bank predicts intensified industry consolidationJinse Finance reported that the latest research report from Citizens Bank in the United States shows that merger and acquisition activity in the digital asset industry is accelerating and is expected to speed up further. With the passage of the GENIUS Act (stablecoin regulations) and the anticipated introduction of the CLARITY Act (market structure), the US regulatory environment has shifted from "hostile" to supportive, driving banks, payment processors, and asset management companies to actively integrate blockchain infrastructure. The report points out that Mastercard is in talks to acquire ZeroHash for up to $2 billion, and an exchange is also close to completing a similarly sized acquisition of the London-based company BVNK. Technical complexity, talent shortages, and compliance requirements make acquisitions the most practical expansion path for traditional institutions. The stablecoin market capitalization has increased from $25 billion in mid-year to about $31.5 billion, and is expected to exceed $100 billion. Citizens Bank predicts that by 2030, the tokenization market could generate nearly $10 billion in annual revenue, including trading, custody, and data services.
- 15:25Ondo Finance partners with Chainlink to launch a regulated on-chain stock platformChainCatcher news, Ondo Finance has announced the selection of Chainlink as the official oracle infrastructure for its regulated on-chain stock platform. In addition, Ondo has adopted Chainlink data standards to ensure accurate and reliable market pricing for its tokenized stocks; at the same time, Chainlink has joined the Ondo Global Market Alliance to jointly support the issuance and trading of regulated on-chain stocks.
- 14:50A smart money address continues to increase its ETH long positions, with the current holdings valued at approximately $73.3 million.According to ChainCatcher, on-chain analyst Ai姨 (@ai 9684xtpa) has monitored that the "smart money that bravely went 25x long on ETH after the 1011 flash crash" has once again increased its long positions in Ethereum, bringing the total holdings to 19,383.25 ETH (approximately $73.3 million), with all orders fully executed. The current average entry price is $3,741.34, with a liquidation price of $3,219.96, and an unrealized profit of $654,000. Previously, the position had an unrealized profit of $8.61 million, but only a very small portion was taken as profit at that time, and almost all of the gains from the past 10 days have been given back.