According to data from Artemis, on-chain perpetuals protocol Lighter has recorded higher daily trading volume than Aster and Hyperliquid over the past three days, though its open interest remains lower than the two. As of October 26, Lighter’s open interest stood at $1.7 billion, while its daily trading volume reached $8.6 billion. — link

On October 27, Bitcoin spot ETFs recorded a total net inflow of $149 million, marking their third consecutive day of inflows. Ethereum spot ETFs saw a total net inflow of $134 million, with no net outflows among the nine funds. — link

South Korea’s largest crypto exchange Upbit will list KERNEL on its KRW market, with trading set to open at 16:30 local time. KernelDAO is a restaking infrastructure project. — link

According to K33 Research, Bitcoin ETFs have recorded $26.9 billion in net inflows this year, with BlackRock’s IBIT accounting for $28.1 billion. Excluding BlackRock, Bitcoin ETF flows would be negative. K33 noted that while competitors may gain an edge as BlackRock stays out of the altcoin ETF wave, overall inflows could be limited. — link

Circle, the issuer of USDC, announced the public testnet launch of its payments-focused blockchain Arc, with participants including BlackRock, Visa, HSBC, AWS, and Anthropic. Arc aims to bring real-world financial activities onchain, featuring USD-based fees, sub-second settlement, and optional privacy controls. Circle said it plans to gradually decentralize Arc, opening validator participation and governance in the future. — link

According to Bloomberg, Trump Media & Technology Group (TMTG) plans to launch a prediction market platform, Truth Predict, allowing users on Truth Social to bet on events like political elections and inflation. Trades will be executed via Cryptocom’s North America Derivatives platform. After full testing, Truth Predict will launch in the U.S., with plans to expand globally and include markets such as commodities and major sports leagues. — link

Solana Foundation Chair Lily Liu's Shanghai Speech: Lily Liu pointed out that blockchain is evolving from an “electronic cash system” into the foundational infrastructure of a global financial internet. In the future, “everything can be tokenized”—with the vision of fully tokenizing blockchain-native assets, traditional financial instruments, and entirely new forms of assets to enable their circulation, trading, and financialization on-chain. Read more — link

Aptos Labs and BCG released a report showing that about 61% of retail investors in Hong Kong and mainland China plan to double their investment in tokenized funds. Active traders, high-net-worth individuals, long-term investors, and mainland investors expect to increase allocations to 16%–26%. The report also covers the Phase 2 pilot of HKMA’s “e-HKD+” with Hang Seng Bank, confirming instant and compliant settlement of tokenized funds using digital currency. — link

OKX announced that Felix Fan, head of its public blockchain X Layer, has been removed from his position due to a conflict of interest with the company. The OKX president has posted a message hinting that Binance's poaching may be involved. The quarrel between the two sides has been heating up recently. — link

Securitize has announced plans to go public via a SPAC merger with Cantor Fitzgerald’s CEPT, expecting to raise up to $469 million in gross proceeds. The deal includes a $225 million PIPE from new and existing institutional investors and $244 million in CEPT’s trust account, assuming no redemptions. As the only full-stack tokenization platform fully registered with the SEC, Securitize reports over $4.5 billion in tokenized assets and a 20.8% market share. — link

SharpLink has announced a partnership with Consensys to deploy up to $200 million worth of ETH from its treasury to Linea, Consensys’ zkEVM Layer 2 network, over the coming years. The assets will be held in custody by Anchorage Digital Bank. Yield sources include Ethereum staking rewards, restaking incentives via EigenCloud’s verifiable services, and ecosystem incentives from Linea and ether.fi. — link

According to WSJ, Western Union plans to launch USDPT, a dollar-backed stablecoin on Solana, in the first half of 2026. Issued by Anchorage Digital Bank, it will be initially available through partner exchanges. The company also plans to enable crypto-to-cash conversions for non-customers via a wallet network and its 400,000+ retail locations. — link

Hyperliquid and BNB Chain have captured the majority of Layer 1 network fees amid a surge in derivatives trading, accounting for over 40% and 20% of total fees, respectively. Solana’s share has dropped from over 50% earlier this year to just 9%. Derivatives trading generates significantly higher fees per transaction than memecoin activity, while BNB Chain has also benefited from user inflows through Binance Alpha and Binance Wallet. — link

Bloomberg ETF analyst Eric Balchunas noted that Bitwise’s Solana Staking ETF (BSOL) recorded $56 million in trading volume on its first day, the highest among all newly launched ETFs this year. The fund was seeded with $220 million; if fully deployed on Day One, trading volume could have reached approximately $280 million, surpassing ETHA’s debut. In comparison, HBR and LTCC posted $8 million and $1 million in first-day trading volume, respectively. — link

Bitcoin treasury company Sequans recently transferred 970 BTC (approximately $111 million) to Coinbase, marking its first major outbound transaction since initiating its Bitcoin treasury strategy. On-chain data shows Sequans still holds around 2,264 BTC, valued at approximately $255 million at current prices. — link

Visa CEO Ryan McInerney said during the Q4 earnings call that the company plans to add support for four stablecoins. In the same quarter, Visa’s stablecoin-linked card spending increased fourfold year-over-year. Since 2020, Visa has processed over $140 billion in crypto and stablecoin transactions, with more than $100 billion coming from users purchasing digital assets using Visa cards. — link

Australian Securities and Investments Commission published a revised version of Info Sheet 225, expanding how existing financial-services laws apply to crypto businesses as the government prepares sweeping new legislation. The regulator reiterated that many digital assets, including yield-bearing tokens, staking programs, and asset-referenced stablecoins, will likely require an Australian Financial Services license under current law. — link

Evernorth Holdings, an XRP treasury firm backed by Ripple, has accumulated approximately 389 million XRP, valued at around $1 billion at current prices, making it one of the largest holders of the token. As of October 27, the company had invested approximately $947 million in XRP, realizing an unrealized paper profit of over $50 million. — link

Just In: Binance announced that it decided to delist and cease trading on all spot trading pairs for the following token(s) at 2025-11-12 03:00 (UTC): Flamingo (FLM), Kadena (KDA), Perpetual Protocol (PERP). — link

A Beijing court in China sentenced five individuals to prison terms ranging from two to four years for converting client-transferred RMB into USDT and transferring it across borders, effectively engaging in disguised foreign exchange transactions involving over $166 million. — link