Hyperliquid’s token pumped following news of ICE and Trade[XYZ] unveiling plans for US perpetual futures. Hyperliquid’s native token HYPE surged about 20% Thursday after New York Stock Exchange owner Intercontinental Exchange (ICE) announced plans for US perpetual futures with Trade[XYZ], whose investors include billionaire Wall Street investor Stanley Druckenmiller. HYPE traded above $96 at the time of writing, up by around 20% in the past 24 hours, according to CoinGecko, flirting with September’s all-time record of $97.96. Perpetual futures allow traders to take positions on asset prices without an expiration date. Hyperliquid is the largest decentralized exchange in the world to trade such instruments, DefiLlama data shows.
The exchange cited legal and regulatory compliance in its reason for cutting off services to users based in the two countries, currently the targets of international sanctions. Cryptocurrency exchange KuCoin announced that it would immediately suspend services for its users in Russia and Belarus, citing legal and regulatory compliance concerns. In a Thursday notice, KuCoin said it had suspended access to all products and services for users based in Russia and Belarus. According to the exchange, it would offer an “orderly exit process” to allow users to withdraw assets. “Compliance is at the core of our operations and guides our decisions on where and how we offer our services,” said the exchange in a Thursday X post regarding the service suspension.
The tokenized shares would carry the same shareholder rights as traditional stock, with round-the-clock trading and immediate settlement under the SEC’s innovation exemption. Canton Strategic Holdings, a Nasdaq-listed company formerly known as biotechnology firm Tharimmune, announced plans to tokenize its common shares on the Canton Network, with trading expected to begin as soon as Nov. 2. According to a Thursday announcement, the company partnered with TSV LLC, a trading venue for tokenized securities, and Fairmint, a US Securities and Exchange Commission-registered transfer agent, to bring its shares onto the blockchain. The tokenized shares would carry the same shareholder rights as the company’s Nasdaq-listed stock. The Nasdaq-traded issue, under the ticker CNTN, currently trade an av…
The funding round comes as Kalshi expands its partnerships with the NBA and S&P Dow Jones Indices while facing legal challenges over its sports contracts. Prediction market platform Kalshi has closed a $1 billion funding round at a $40 billion valuation, Reuters reported Thursday, as the company expands beyond sports betting into financial markets. The Series G round was co-led by Wellington Management and Sequoia Capital. Kalshi also said its non-sports markets now generate more than $1 billion in annualized revenue, according to The Wall Street Journal. The financing was first reported in September, when Kalshi was said to be seeking $1 billion at the same valuation. Thursday’s announcement confirmed the completion of the round.
BTC price action returned to a key weekly resistance level as US stock markets digested Alphabet’s Q3 earnings miss. Bitcoin (BTC) rebounded above $81,000 after Thursday’s Wall Street open as US GDP numbers stayed strong and inflation data conformed to estimates. Key points: Data from TradingView showed BTC/USD reaching $81,547 on Bitstamp after dropping as low as $79,607 following Wednesday’s daily close.
The French Senate adopted a bill authorizing the automatic exchange of crypto-asset tax information between international tax authorities, pending completion of the legislative process. The French Senate adopted a bill to allow tax authorities to automatically exchange crypto transaction data with their foreign counterparts. The bill passed its first reading on Tuesday and was then transmitted to the National Assembly as Bill no. 3421 for consideration. The bill covers an agreement on exchanging crypto tax information and an update to an existing agreement on financial account information.
Central counterparties would need to show tokenized collateral meets liquidity and risk tests under proposed Bank of England guidance. The Bank of England has opened a consultation on how a central counterparty (CCP) can accept digital versions of eligible collateral, saying existing rules allow it when assets meet clearing standards. The draft supervisory statement would clarify what CCPs must address in applications under the current approval process. It covers collateral already accepted and types that qualify under the proposed UK CCP Rulebook but are not in use. The statement would not create new regulatory obligations. The BoE said tokenized collateral must remain capable of being valued, transferred and realized, including in stressed conditions. Faster movement across jurisdictions…
RedStone’s planned pricing tool will let institutions on Canton use shared market prices without exposing deal terms to data providers. The Canton Foundation approved almost 15.8 million Canton Coin (worth about $1.55 million at the time of writing) to fund RedStone’s open-source pricing tool for institutions. The CC token, last trading at roughly $0.0979, has a market cap of $3.91 billion, according to Coingecko data, with $23.23 million in trading the past 24 hours. The Canton Access and Privacy Standard (CAPS) is designed to let institutions use a shared market price to value transactions without revealing their agreed settlement amounts to data providers, according to Thursday’s announcement shared with Cointelegraph.
USDT is coming home to Bitcoin, offering privacy and Lightning-fast payments. But can Bitcoin’s revamped version of Tether compete with stablecoins on ETH and TRON? Utexo is preparing to bring Tether’s dollar-backed stablecoin back to Bitcoin after a three-year hiatus. The Dubai-based blockchain startup says it will achieve the integration through RGB, a protocol that keeps asset transaction data off-chain. The public launch is scheduled for Nov. 28, with Lightning Network support planned for Q1 2027, promising private transfers and fast payments via Bitcoin’s payment network.
Brazil’s crypto exchanges face an application deadline on Friday, with costly requirements and unanswered regulatory questions complicating compliance. Cryptocurrency exchanges operating in Brazil face mounting compliance costs and unanswered regulatory questions ahead of a license application deadline. Exchanges already operating in Brazil must apply for authorization by Friday to continue operating, but the cutoff date is just the start of a lengthy compliance process. “Filing is the easy part,” Fabio Cendão, founding partner at Brazilian law firm FCM Law, told Cointelegraph, pointing to challenges such as high capital requirements, complex compliance obligations and recurring audits.
The move follows the addition of Tron support and Polygon’s acquisition of Coinme. Polygon Labs is expanding Open Money Stack, its suite of services connecting bank accounts, crypto wallets and payouts, to the Solana network. The expansion lets businesses building on Solana use Open Money Stack to accept funding from bank accounts, provide customer wallets and arrange payouts. Polygon Labs CEO Marc Boiron told Cointelegraph that customer demand and stablecoin activity drove the decision to expand to Solana and, earlier this month, Tron.
The analysis followed US sanctions against 10 people and one entity accused of helping North Korean IT worker schemes fund weapons programs. Blockchain analytics company Chainalysis mapped a long-running network of Russian intermediaries that helped North Korean IT workers cash out millions of dollars in cryptocurrency. The US Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned 10 individuals and one entity on Wednesday for supporting North Korean government-run IT worker schemes that it said funded the country’s weapons programs, according to a press release. Those sanctioned included Russian nationals Ilya Aleksandrovich Boykov and Vitold Viktorovich Obertas. Treasury said Boykov had converted about $3.5 million in crypto for sanctioned company Alis since 2024, while…
Phase’s new network lets smartphone owners earn tokens for validating transactions and sharing internet connections with AI agents. Phase, a new blockchain that lets smartphone users earn tokens by helping run AI services, has received a $45 million funding commitment from Unlimit founder Kirill Eves. Phase announced the launch of its blockchain on Thursday alongside Phase Proxy, a service that routes AI agents’ web requests through internet connections shared via smartphones. Phase has no outside investors, the company told Cointelegraph. Eves’ $45 million commitment covers its first two years of development and provides another two years of runway.
HTX has pledged to stop crypto marketing in the UK until October 2031, with deposits and new account registrations already blocked there. Update (Oct. 29, 2026 at 13:30 UTC): This article has been updated to include HTX’s UK exit and withdrawal arrangements and background on Justin Sun. Cryptocurrency exchange HTX has agreed to stop unlawfully promoting its services to consumers in the United Kingdom under a settlement announced Thursday by the Financial Conduct Authority (FCA). Huobi Global S.A., the Panamanian company behind HTX, agreed that it would not knowingly run illegal promotions, including through the exchange’s website, apps or social media. The court undertakings run until Oct. 21, 2031.
A new report argues that putting institutional Bitcoin holdings to work through lending, collateral and financing could create demand beyond its store-of-value role. A new report from Bitcoin infrastructure developer RootstockLabs argues that Bitcoin’s next wave of institutional demand could come from lending, yield generation and balance-sheet financing, expanding its role beyond a store of value. RootstockLabs estimates that just 1.5% of Bitcoin’s (BTC) supply currently participates in lending and Bitcoin-native finance, while identifiable institutional investors hold roughly 3.9 million BTC. Putting more of those holdings to work could create additional demand for the asset without changing its fixed supply. The analysis identifies two emerging sources of financial utility: generating r…
Coinbase has applied for authorization ahead of Brazil’s Oct. 30 deadline and says it expects to maintain existing services while regulators review its application. Coinbase has applied for authorization to operate as a crypto service provider in Brazil ahead of the country’s license application deadline on Friday. The US-based cryptocurrency exchange submitted its application to the Central Bank of Brazil on Wednesday under the country’s virtual asset service provider (VASP) framework, according to a statement shared with Cointelegraph. The filing aims to maintain Coinbase’s existing Brazilian operations as the central bank introduces new requirements covering governance, customer asset safeguards and compliance.
European investors ranked crypto above retirement plans for lasting wealth creation, while prior surveys show US investors are skeptical on crypto’s role in retirement accounts. Investors in several of Europe’s biggest economies ranked crypto above retirement plans as lasting wealth creation tools, with 19% of those surveyed choosing cryptocurrencies, while 8% opted for traditional retirement plans. US investors still preferred traditional retirement plans, with 21% choosing retirement accounts while only 12% opted for cryptocurrencies, according to a Thursday OKX survey of 1,932 adults age 18 to 88 who previously invested in crypto. The survey was conducted by Pollfish between Oct. 14 and Oct. 18 across the US, France, Germany, the Netherlands and Poland. Real estate was the top choice fo…
BTC price analysis from Glassnode drew attention to $85,000 as the lower boundary of a cost-basis zone for long-term holders. Bitcoin (BTC) faces resistance between $84,000 and $85,000 as analysis points to coins largely linked to a single large holder. Key points:
Lagarde announced plans to step down as European Central Bank President after serving more than seven years in the role. European Central Bank (ECB) President Christine Lagarde announced plans to step down from her role at the central bank. “I have just informed my colleagues that I will step down as @ECB President on 7 February 2027,” Lagarde said in a Thursday post on X. Lagarde became ECB president in November 2019 and will have served for about seven years and three months when she leaves office.
Bitcoin ETFs drew $424 million over three days, lifting October net inflows to $111 million despite a hawkish Federal Reserve decision and weaker crypto sentiment. US-listed spot Bitcoin exchange-traded funds (ETFs) extended their daily inflow streak to three on Wednesday, pushing October back into positive territory with two trading sessions left in the month. Bitcoin (BTC) ETFs attracted $137 million on Wednesday, bringing their three-day inflows to roughly $424 million and October’s net inflows to $111 million, according to SoSoValue data. October’s cumulative net flows remained negative through Tuesday, after nearly $774 million flowed out over the final two trading days of the previous week.
