Hyperliquid, Aster and Lighter have pushed decentralized perps trading volume to over $1 trillion in October, beating August’s tally with a week to spare. Decentralized perpetual trading volume is set for a massive month in October, having just passed a record $1 trillion with a week still to spare as traders place big bets on the crypto markets. The $1 trillion milestone has already beaten August’s record of $762 billion by a considerable margin, according to data from DeFiLlama. While Hyperliquid leads October with $317.6 billion in trading volume, Lighter, Aster, and edgeX have also fared well, seeing $255.4 billion, $177.6 billion and $134.7 billion, respectively, with the rest made up of smaller decentralized exchanges. Those platforms contributed to a record $78 billion in decentralized perps volume on Oct. 10 alone. Read more
Following the pardon, CZ said he would do “everything we can to help make America the Capital of Crypto and advance Web3 worldwide.” US President Donald Trump said he pardoned Binance founder Changpeng “CZ” Zhao after lobbying and support by “a lot of people” that told him he wasn’t guilty. CZ’s pardon was signed on Wednesday, and Binance confirmed the presidential order to Cointelegraph in a statement. During a press conference on Thursday, Trump said he chose to pardon the Binance founder because he “was recommended by a lot of people,” had a lot of support and “people say that he wasn’t guilty of anything.” Read more
The sharp rise in BNB’s price also has crypto traders speculating that altcoin season could be on the horizon. Crypto traders are expecting a significant rally for BNB in the coming weeks after US President Donald Trump pardoned Binance founder Changpeng “CZ” Zhao. Zhao pleaded guilty in November 2023 to one count of failing to implement an adequate Anti-Money Laundering (AML) program at Binance, violating the Bank Secrecy Act. The price of BNB (BNB) surged 3.6% to an intraday high of $1,121 just hours after The Wall Street Journal reported that Trump pardoned Zhao, following months of lobbying and appeals from the company and Zhao. Read more
Custodia Bank has launched a solution that lets banks tokenize deposits, enabling them to benefit from blockchain’s advantages while safeguarding customer deposits. Crypto-friendly banks Custodia Bank and Vantage Bank have launched a turnkey blockchain solution allowing traditional banks to issue tokenized deposits that will work with stablecoins. The solution enables banks to leverage blockchain’s near-instant, low-cost transactions in an interoperable manner with other banks while being able to retain customer deposits, the two banks said in a statement on Thursday. Tokenized deposits are digital versions of bank deposits issued on a blockchain, representing real US dollars held by banks. Read more