Taiwan’s stablecoin infrastructure company OwlTing will go public on Nasdaq via a direct listing on October 16, starting to trade under ‘OWLS’.

The company focuses on stablecoin infrastructure and recorded 2024 revenue of $7.6 million and payment volume of $218 million.

Stripe Bridge’s federal trust application, major banks’ review of G7 collateral stablecoins, and discussions about acquiring BVNK are among the ongoing industry moves.

▪ Decrypt

According to the U.S. prediction market Kalshi, participants in “How high will Bitcoin get this year?” put the probability of exceeding $130,000 at 55%. Over $140,000 is 34%, and over $150,000 is 24%.

The market’s expected annual high is currently about $132,000.

Will Bitcoin's all-time high reach $130K in 2025? (✅)

Looking at the poll results across our global channels, most people see a bright future for Bitcoin in 2025. Español Channel (81%) stands out with the strongest conviction. 😁

🇪🇸(289 votes): 81%
🇷🇺(54 votes): 80%
en(260 votes): 79%
🇮🇹(363 votes): 79%
🇮🇷(640 votes): 77%
🇨🇳(483 votes): 77%
🇹🇼(94 votes): 76%
🇮🇩(160 votes): 76%
🇰🇷(182 votes): 76%
🇹🇷(236 votes): 75%
🇵🇹(80 votes): 70%

kalshi: 55%

The 175-year-old French financial giant ODDO BHF is issuing the euro-pegged stablecoin EUROD and listing it on the Spanish exchange Bit2Me.

In line with the EU’s MiCA regime, it serves as a compliant digital version of the euro, and the EU MiCA regulation requires 1:1 reserves and redemption guarantees.

▪ BeInCrypto

Coinbase invests $2.45B in CoinDCX

Coinbase invested in the Indian exchange CoinDCX, valuing the company at $2.45 billion. CoinDCX was founded in 2018 and has 14 million+ users.

This deal is part of its strategy for Asian retail market expansion following Singapore and Dubai licenses. Also this month, it invested $300 million in Kalshi (valued at $5 billion), and $25 million in Coinflow.

▪ blockworks

Recent crypto-related incidents

▪ Dota 2 official YouTube ‘DotaCoin’ impersonation hack
For a brief period on Wednesday (UTC), the official Dota 2 YouTube channel was hijacked, and a fake livestream promoting the Solana-based 'dota2coin' token was broadcast

▪ North Korean hackers distribute 300+ malicious packages on npm
The Socket research team is tracking an attack called the 'Contagious Interview' campaign: npm packages with names similar to popular libraries aim to steal crypto wallet keys

▪ Paxos PYUSD 300 trillion tokens 'mis-mint→immediate burn' technical error
Paxos immediately burned the 300 trillion PYUSD mis-mint and stated it was not a hack. Aave proactively paused the PYUSD market for a short time

Binance, final approval of GOPAX acquisition

Korea's Financial Intelligence Unit (FIU) approved the change in GOPAX's management, finalizing Binance's acquisition of a 67% stake. Binance is returning to the Korean market a little over two years after its 2021 withdrawal.

Limitless Labs CEO, CJ Hetherington disclosed that Binance demanded 8% of the token supply and a deposit in exchange for listing. In response, Binance refuted the claim as false and defamatory, hinting at legal action.

Binance stated that it does not charge listing fees, and that cash or token deposits are typically refundable within 1~2 years. It also denied allegations of “token dumping” by its executives.

▪ X
▪ The Block

Bitcoin and Ethereum ETF Fund Flows Diverge

On October 15, Bitcoin spot ETFs recorded a net outflow of $104.1 million, while Ethereum ETFs saw a net inflow of $169.6 million. GBTC led the outflows, and ETHA led the inflows.

There were no net-inflow funds among Bitcoin ETFs, while for Ethereum, only CETH saw a net outflow.

▪ The Block

Ripple acquires GTreasury for $1 billion

Ripple acquired the corporate treasury management software GTreasury for $1 billion. This is the third major deal this year, following Hidden Road ($1.25 billion) and Rail($200 million).

Ripple said it aims to reduce the delays and costs of legacy payment systems with blockchain, and that it is responding to rising enterprise demand to manage digital assets at scale, such as stablecoins and tokenized deposits.

▪ Decrypt

Florida Moves to Invest Public Funds in Bitcoin

Florida HB 183 has proposed allowing the state CFO and pension funds to invest up to 10% in Bitcoin and digital assets (including ETFs, tokenized securities, and NFTs).

It also includes strict custody and payment of taxes and fees in digital assets (automatic dollar conversion). The effective date is July 1, 2026.

▪ BeInCrypto

Breaking News: The mysterious whale 0xb317 who predicted the previous market crash has once again opened a 10x leveraged $BTC short position (700 BTC).

hypurrscan

Japan's Financial Services Agency considers allowing banks to hold crypto assets for investment

Japan's Financial Services Agency is discussing regulatory revisions to allow banks to acquire and hold crypto assets such as Bitcoin for investment purposes.

Taking volatility risks into account, this will be accompanied by prudential regulation, and discussions will be held at the Financial System Council Working Group, which will convene soon.

▪ The Block

On October 21, the Federal Reserve will hold a conference on payments innovation, providing a venue for discussion with industry experts.

BlackRock Lists Bitcoin ETP in the UK

BlackRock has listed the iShares Bitcoin ETP for UK retail investors on the LSE.

It physically holds bitcoin and tracks its price, with Coinbase providing the custody infrastructure.

▪ decrypt

BC moves to permanently ban new power connections for cryptocurrency mining

The Province of British Columbia plans a permanent ban on new cryptocurrency mining power connections with BC Hydro to manage electricity demand and benefit local communities.

A related legislative amendment has been submitted to the legislature, and it will also limit power allocations for data centres and AI starting in fall 2025.

▪ The Block

▪ Bitcoin fell below $108,000 amid macro uncertainty.

▪ Ahead of the Xi–Trump meeting scheduled in South Korea at the end of this month, investors are de-risking, increasing volatility.

▪ Altcoins such as ETH·BNB·SOL also declined, and there were outflows from spot BTC·ETH ETFs.

▪ Fear & Greed Index 29 (Fear). Market attention is focused on Friday CPI and the Fed 25bp cut probability of 98.9%.

The Block

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