JOON HYOUNG LEE

NYSE Parent ICE Teams Up With Hyperliquid, TradeXyz to Enter US Perpetual Futures Market

Intercontinental Exchange Inc., the parent of the New York Stock Exchange, is entering the perpetual futures market. Hyperliquid's HYPE token outperformed despite broader weakness across crypto after news of the partnership. The move may accelerate t

ECB Holds Three Key Policy Rates, Keeps Deposit Rate at 2.50%

The European Central Bank left its three key policy rates unchanged. After a monetary policy meeting in Frankfurt on October 29, the ECB kept the deposit rate, its benchmark policy rate, at 2.50%. It also left the main refinancing rate unchanged at 2

Bank of England Opens Consultation on Supervisory Standards for Tokenized Collateral at CCPs

The Bank of England, the U.K.'s central bank, has launched a consultation as it moves to set supervisory standards for the use of tokenized collateral by central counterparties, or CCPs. On Oct. 29, the BOE released a consultation paper to establish

Chainlink Launches 24/7 RWA Data Service With Aave as Initial Partner

Chainlink has launched a round-the-clock data service for real-world assets, or RWAs. The company said Oct. 29 that it is rolling out Chainlink 24/7, a service that provides RWA price data for assets including stocks and commodities on weekends and h

Ondo Finance Launches 7 Tokenized Portfolios on Solana

Real-world asset platform Ondo Finance launched seven tokenized portfolio products on the Solana blockchain. Ondo announced on Oct. 29 that it had added Solana support for Ondo Intelligent Portfolios. The products are available to eligible investors

Alphabet Shares Plunge 13%, Wiping Out $490 Billion in Market Value

Alphabet, Google's parent company, saw its shares tumble. According to TradingView data on October 29, Alphabet was trading around $280 in early U.S. market action, down about 13% from the previous session. The sharp drop erased about $490 billion in

Bithumb Says 6,444 Customers Were Affected by Data Leak, 844 Had Personal Information Exposed

South Korean cryptocurrency exchange Bithumb disclosed the scale of customer information exposed in a recent hacking incident and issued a formal apology. Bithumb said on October 29 that an unauthorized external party gained access to Dow Office, its

Hyperliquid Jumps 11% on News of ICE Partnership

Hyperliquid's HYPE token is surging on news of a partnership with Intercontinental Exchange, the parent company of the New York Stock Exchange. According to CoinMarketCap on October 29, HYPE was trading at $89.56 as of 10:02 p.m., up 11.25% from a da

US Initial Jobless Claims at 194,000, Slightly Below Forecast

U.S. initial jobless claims came in below market expectations last week. The Labor Department said on Oct. 29 that initial claims totaled 194,000 last week. That was 4,000 below economists’ forecast of 198,000 and 1,000 lower than the prior week’s re

US Third-Quarter GDP Advance Estimate Rises 3.4%, Beating Forecast by 0.2 Percentage Point

U.S. economic growth in the third quarter topped market expectations. The Commerce Department said on October 29 that its advance estimate showed gross domestic product rose at a 3.4% annualized rate from the previous quarter in the third quarter. Th

US September PCE Price Index Rises 3.6% Year-on-Year, Matching Estimates

The U.S. personal consumption expenditures price index for September came in line with market expectations. The Bureau of Economic Analysis, part of the U.S. Commerce Department, said on October 29 that the September PCE price index rose 3.6% from a

Kalshi Raises $1 Billion in Series G Funding at $40 Billion Valuation

Kalshi, a U.S. prediction market platform, has raised $1 billion in new funding. The New York Times and other media outlets reported on October 29 that Kalshi CEO Tarek Mansour said the company had completed a $1 billion Series G funding round that d

ICE, NYSE Parent, Plans Hyperliquid-Based Perpetual Futures in US With TradeXYZ

Intercontinental Exchange Inc., the parent of the New York Stock Exchange, plans to launch Hyperliquid-based perpetual futures in the US. Bloomberg reported on Oct. 29 that ICE is preparing to introduce the new perpetual futures products in partnersh

Former SWIFT CEO Lazaro Campos Named Chairman of Stablecoin Yield Platform OpenTrade

Lazaro Campos, the former chief executive officer of global financial messaging network SWIFT, has joined stablecoin yield platform OpenTrade as chairman. OpenTrade recently appointed Campos as chairman, CoinDesk reported on Oct. 29. The move is aime

North Dakota Raises Strategy Stake 10.8% in Third Quarter

North Dakota has sharply increased its holdings in Strategy, the world's largest corporate holder of Bitcoin. BitcoinTreasuries said on October 29 that the North Dakota State Investment Board recently disclosed to the Securities and Exchange Commissi

Bithumb Hack Also Exposed Customer Personal Data, Widening Breach Scope

Customer personal data was also leaked in a recent hack of Bithumb's internal systems, industry sources said on October 29. A hacking incident involving Bithumb's internal mobile work system on October 27 resulted in the leak of several hundred cases

London Metal Exchange Weighs Tokenizing Metals in Hong Kong Warehouses, Plans Private Meeting Early Next Month

The London Metal Exchange is exploring a plan to tokenize metals stored in Hong Kong warehouses and use them for financing. Reuters, citing multiple sources, reported on October 28 that the exchange had begun reviewing the proposal. The initiative is

Prosecutors Raid Bithumb Over Alleged Misuse of Executive Housing Funds

Prosecutors have raided Bithumb over allegations that current and former executives at the South Korean cryptocurrency exchange misused company housing support funds for personal purposes. According to legal industry sources on October 29, the major

Russia to Introduce Evaluation Criteria for Crypto Investors as Early as Next Month

Russia is moving to introduce evaluation criteria for cryptocurrency investors. BlockBeats reported on October 29 that Ekaterina Andreeva, senior vice president of the National Association of Securities Market Participants of Russia, or NAUFOR, unvei

Binance to Suspend U.S. Stock Orders for 100 Minutes on Nov. 1 for System Upgrade

Global cryptocurrency exchange Binance plans to upgrade its U.S. stock trading system. BlockBeats reported on Oct. 29 that Binance will conduct maintenance and upgrades on the system for about 100 minutes from 5:50 a.m. to 7:30 a.m. Korea time on Nov

US Bitcoin ETFs Draw $137 Million, Extend Inflow Streak to Three Sessions

US spot Bitcoin exchange-traded funds posted net inflows for a third straight trading day. US spot Ether ETFs, by contrast, recorded net outflows for a third consecutive session. On-chain analytics firm Farside Investors said on October 29 that US Bi

Strategy Shareholders Approve Daily Preferred Dividend Plan With 99.3% Support

Shareholders of Strategy, the world's largest corporate Bitcoin holder, have approved a proposal to shift preferred-share dividends to a daily schedule. Odaily reported on October 28 that 99.3% of preliminary shareholder votes supported the measure t

World Bank Warns Energy Prices Will Jump 32% This Year

The World Bank has raised its outlook for global commodity prices, citing energy supply disruptions from the Middle East conflict and weaker agricultural output linked to El Niño. Bloomberg reported on October 28 that the World Bank, in a report rele

Hyperliquid Labs Says 180,000 HYPE Tokens to Be Unlocked Before Team Allocation on Nov. 6

Global decentralized exchange Hyperliquid will unlock 180,000 HYPE tokens. A Hyperliquid Labs official said on Discord on Oct. 28 that 180,000 HYPE tokens earmarked for the team would be unlocked that day, according to BlockBeats. Hyperliquid Labs is

Bank of Canada Raises Rate for First Time in More Than 3 Years, Signals Further Tightening

The Bank of Canada raised its benchmark interest rate for the first time in more than three years as rising global oil prices added to inflation risks. Bloomberg reported on October 28 that the Bank of Canada raised its policy rate by 25 basis points

Morgan Stanley Warns US Stocks Could Fall Another 8%, Keeps Year-End Target Intact

Morgan Stanley warned that the correction in US stocks may not be over yet, while maintaining its forecast for a market recovery by year-end. Mike Wilson, Morgan Stanley's chief US equity strategist, wrote in a client note on October 28 that the S&P

Ripple, Coinbase Partner to Expand RLUSD Services

Ripple, the issuer of XRP, has partnered with U.S. cryptocurrency exchange Coinbase to expand services tied to its dollar stablecoin RLUSD. Ripple said on October 28 that RLUSD can now be traded and managed on Coinbase Prime, Coinbase Exchange and Co

Google to Unveil Institutional Crypto Security System, Targeting Commercial Launch Early Next Year

Google plans to introduce a security system for institutions using cryptocurrencies and tokenized assets, with a commercial launch targeted for early next year. CoinDesk reported on October 28 that Google was set to introduce Google Multi-Party Compu

DTCC Launches Securities Tokenization Service, Picks BitGo, Blockdaemon as Partners

The Depository Trust & Clearing Corp. has officially launched a securities tokenization service. Odaily and other outlets reported on October 28 that DTCC rolled out its in-house securities tokenization service that day. The initial offering covers 3

Brazil’s Largest Bank Itaú Unibanco Pursues Crypto Trading, Custody Business in Local First

Itaú Unibanco, Brazil’s largest bank, is pursuing a cryptocurrency trading and custody business. Odaily reported on October 28 that Itaú Unibanco notified Brazil’s central bank on October 27 that it plans to pursue crypto trading and custody operatio