Covalent has announced the launch of the Covalent Strategic Reserve, a multi-year locked reserve funded by onchain and offchain revenue, including periodic CXT buybacks. The reserve aims to accumulate ~10% of CXT supply and will require governance votes for any future outflows. In 2025 alone, over 17M CXT was repurchased through offchain revenue-backed buybacks, in addition to 9.05M CXT removed via daily automated onchain buybacks.

According to the latest “Q3 2025 Crypto Exchange Market Report” released by TokenInsight, KuCoin’s native token KCS outperformed Bitcoin in quarterly gains, showing strong performance among exchange tokens. Meanwhile, KuCoin’s derivatives market growth placed it among the world’s top three, and its spot market share has increased for four consecutive quarters. — link

South Korea’s largest cryptocurrency exchange, Upbit, has announced the listing of the ORDER/KRW trading pair. Orderly is a project that provides order book–based trading infrastructure and a liquidity layer. — link

Crypto wallet project Vultisig will initiate its whitelist token issuance on October 27, with a Kraken listing 24 hours later. Vultisig offers a live multichain MPC wallet with no seed phrases and no single point of failure, generating $400K in cross-chain swap fees over the past year. Backers include Arca, Delphi, and Wintermute. As of now, Vultisig’s whitelist application channel appears to still be open. — link

JPMorgan plans to allow its institutional clients to use their holdings of BTC and ETH as loan collateral by the end of this year. This global program will rely on third-party custodians to safeguard the pledged crypto tokens. This initiative represents an extension of JPMorgan's previous policy of accepting crypto ETFs as collateral. — link

Polymarket CMO Matthew Modabber has confirmed plans to launch a native POLY token and an airdrop as the predictions market adoption heats up . Bloomberg reported that Polymarket is exploring fresh funding at a valuation of up to $15 billion. — link

WuBlockchain Weekly: HKEX and Others Resist DAT Companies, CZ Pardoned by Trump, Google Claims“Quantum Breakthrough”, JPMorgan Plans to Allow Bitcoin and Ethereum as Collateral, etc — link

The Uniswap Foundation has awarded a grant of up to $9 million to Brevis to develop and manage a Router Rebate program, which will provide gas rebates for routers integrating v4 hooked pools. The rebate system will rely entirely on Brevis’s ZK Data Coprocessor and Pico zkVM for trustless calculation and verification. — link

The Binance-backed competitor to Hyperliquid, ASTER, has announced it will allocate 70-80% of its Season 3 fee revenue to repurchase ASTER tokens. The final percentage, subject to market conditions, will be disclosed at the end of the season. The airdrop and buyback programs for future seasons will be announced separately after the details are finalized. — link

US September CPI (unadjusted YoY): 3% (exp. 3.1%, prev. 2.9%).
US September CPI (SA MoM): 0.3% (exp. 0.4%, prev. 0.4%).
US September Core CPI (unadjusted YoY): 3% (exp. 3.1%, prev. 3.1%).
US September Core CPI (SA MoM): 0.2% (exp. 0.3%, prev. 0.3%).

White House says no US inflation data likely next month. Analysts warn Fed’s December decision will be highly complex.

Binance Wallet has launched the x402 list. Users can access it under the Market tab to discover and trade the latest tokens. x402 is an HTTP-based open payment protocol, driven by Coinbase and others, enabling native internet micropayments without accounts, API keys, or subscriptions. — link

According to Bloomberg, Tether CEO Paolo Ardoino has revealed that the company is projected to post a net profit of approximately $15 billion this year, achieving an exceptional profit margin of 99%. When discussing the types of investors Tether aims to attract, he emphasized that the goal is to create synergies and expand the company’s impact, though he declined to disclose any details regarding specific potential investors. — link

Tether plans to launch a U.S. dollar stablecoin, USAT, in December 2025, compliant with the GENIUS Act and targeting 100 million users in the U.S. CEO Paolo Ardoino said the company is considering 2–3 additional investments in content or social platforms to expand USAT’s use cases in the creator economy. — link

According to Bloomberg, Donald Trump has decided to nominate Michael Selig as Chair of the CFTC. Selig currently serves as Chief Legal Counsel for the SEC’s Special Task Force on Crypto. If the nomination is formally submitted, it will still require Senate confirmation. — link

Rumble has partnered with Tether to launch Bitcoin tipping for creators, expected to go live in early to mid-December. CEO Chris Pavlovski said the feature is in testing, while Tether’s Paolo Ardoino noted it will fully launch after final UX fixes. Rumble, which has over 51 million monthly users, previously received a $775 million investment from Tether. — link

JPMorgan’s latest report says Coinbase’s potential Base token could be worth up to $34 billion, creating a new monetization path alongside USDC yields and onchain trading. The bank estimates Base’s market cap between $12B–$34B, with Coinbase likely holding about 40% of supply, worth $4B–$12B in equity value. Coinbase currently earns around $400M annually from Circle’s USDC reserve interest. — link

Binance will list Giggle Fund (GIGGLE) and SynFutures (F) on October 25, 2025, at 14:00 (UTC+8), opening spot trading for pairs GIGGLE/USDT, GIGGLE/USDC, GIGGLE/TRY, F/USDT, F/USDC, and F/TRY. Both GIGGLE and F will carry the Seed Tag. Giggle Fund (GIGGLE) is a BNB Smart Chain-based memecoin focused on charitable causes, while SynFutures (F) is a decentralized exchange (DEX) and full-stack financial infrastructure provider. — link

On October 24, Ethereum spot ETFs recorded a total net outflow of $93.6 million, marking three consecutive days of outflows, while Bitcoin spot ETFs saw a net inflow of $90.6 million, with no outflows among the twelve funds. — link

CZ shared details from his visit to Kyrgyzstan, noting that the country will issue a national stablecoin on BNB Chain and launch a CBDC for government payments. Kyrgyzstan also set up a National Cryptocurrency Reserve including BNB. Binance supported law enforcement training, partnered with 10 local universities to establish Binance Academy. — link

Vultisig is gaining significant traction as its whitelist opens and ahead of its scheduled listing on Kraken exchange next week. According to Kaito data, over the past 48 hours, Vultisig has seen a surge in attention on its Mindshare leaderboard, displacing Polymarket and MegaETH to become the most watched project. Vultisig is an MPC-based wallet designed to enhance security for multi-signature operations and on-chain asset management. — link

Weekly Project Updates: Pump Acquires Meme Trading Terminal Padre, Aster Launches Rocket Launch, Open-Source Protocol x402 Sees Surge in Activity, Berachain Proposes Launch of New Preconfirmation System, etc — link