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 （Sponsored by Vultisig）

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

According to Politico, in February, Binance and its founder Changpeng Zhao each hired crypto attorney Teresa Goody Guillén, who was previously considered by Donald Trump for the SEC chair position. Her law firm has received $290k in fees from both clients so far this year. In addition, Zhao recently enlisted Trump ally and lobbyist Ches McDowell to lobby the White House and Treasury Department, paying $450k for his work in September alone. — link

Kraken reported Q3 revenue of $648 million, up 114% year-on-year, marking an all-time high. Adjusted EBITDA reached $179 million with a profit margin of 27.6%. The exchange said the surge was driven by its 2025 acquisitions and ongoing IPO preparations. — link

Ethereum co-founder Vitalik Buterin warned that a blockchain’s core security property is that even a 51% attack cannot make an invalid block valid, meaning colluding validators can’t steal users’ assets. However, he noted this protection doesn’t extend off-chain—if 51% of validators collude in external trust scenarios, users have no recourse. — link

According to Bloomberg, Trump’s pardon may pave the way for CZ’s return and Binance’s integration of Binance US. Sources say Binance is weighing options, including merging Binance US into global operations or letting its main exchange enter the U.S. directly. Binance handles about 50% of global BTC trading, while Binance US holds <1%; Coinbase dominates the U.S. market. — link

U.S. President Trump has begun his first Asian tour of his second term, with the US and China reaching a trade framework ahead of the Trump-Xi meeting. Trump signed a trade deal and a critical minerals pact with Malaysia, while also overseeing a peace declaration between Thailand and Cambodia. — link

Asia’s weekly TOP10 crypto news (Oct 20 to Oct 26): SFC Officially Approves First Solana (SOL) Spot ETF, Kyrgyzstan to Issue National Stablecoin on BNB Chain, Russia Legalizes Crypto for Foreign Trade Payments, Japan Elects Crypto-Friendly Prime Minister Sanae Takaichi, Shanghai Reports Virtual Currency Fraud Case, Digital Identity Project World Investigated in Thailand and More — link

Western Union revealed in its Q3 earnings call that it will launch a stablecoin settlement pilot to reduce reliance on traditional correspondent banks and improve efficiency via on-chain networks. The company processes around 70 million transfers each quarter across 200+ countries. — link

Ant Group, China's largest internet finance company, applied to register a series of trademarks related to virtual assets, stablecoins, and blockchain in Hong Kong this year, including "ANTCOIN," possibly as a preparatory step for future expansion of related businesses. — link

JPYC Inc announced the official launch of its yen-denominated stablecoin, JPYC, along with the release of its dedicated issuance and redemption platform, JPYC EX. The stablecoin is pegged 1:1 to the Japanese yen and fully backed by bank deposits and government bonds. Initial support includes issuance on the Avalanche, Ethereum, and Polygon blockchains. — link

From October 20 to October 24 (ET), spot Bitcoin ETFs saw a net inflow of $446 million for the week, with BlackRock’s IBIT leading at $324 million. In contrast, spot Ethereum ETFs recorded a net outflow of $244 million, led by Fidelity’s FETH with $95.25 million in outflows. None of the nine Ethereum ETFs posted a net inflow. — link