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Anchorpoint, a stablecoin issuance joint venture led by Standard Chartered’s Hong Kong unit, is pursuing a consumer stablecoin built on a public blockchain, the South China Morning Post reported. Anchorpoint launched an institutional product in August and had previously said a consumer offering could debut as early as later this year, although a specific launch date has not been set. CEO Dominic Maffei said the goal is to use stablecoins for everyday payments and corporate commerce while linking them to existing payment infrastructure. Maffei added there are multiple considerations for a consumer product and Anchorpoint will not rush the launch. The company is also pursuing a model of serving retail customers through corporate partners and sees cross-border remittances as a key use case. Separately, HSBC launched its Hong Kong dollar-based stablecoin 'HSBC RedCoin' on Oct. 23.

CoinMarketCap’s Altcoin Season Index stood at 53. The index is calculated by comparing the price performance of Bitcoin and the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins. A period is considered altcoin season when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days. The opposite is considered Bitcoin season. A reading closer to 100 indicates stronger altcoin season conditions.

StandX said via its official X account that it has opened its airdrop claim page. Users can check whether they are eligible on StandX’s official airdrop lookup page.

According to data from Dropstab, the major token unlocks scheduled for this week (Oct. 26–Nov. 1) are as follows: - GT: 6.67 million tokens ($65.2 million), representing 6.37% of circulating supply, at 12:00 a.m. UTC on Oct. 27 - GRASS: 31.58 million tokens ($22.72 million), representing 4.51% of circulating supply, at 12:00 a.m. UTC on Oct. 28 - SIGN: 296.21 million tokens ($3.18 million), representing 24.68% of circulating supply, at 12:00 a.m. UTC on Oct. 28 - FF: 197.53 million tokens ($19.64 million), representing 8.44% of circulating supply, at 12:00 a.m. UTC on Oct. 29 - XAN: 202.71 million tokens ($1.59 million), representing 8.11% of circulating supply, at 12:00 a.m. UTC on Oct. 29 - NIGHT: 53.45 million tokens ($2.54 million), representing 8.59% of circulating supply, at 12:00 a.m. UTC on Oct. 29 - AI: 89.78 million tokens ($1.58 million), representing 6.88% of circulating supply, at 6:00 a.m. UTC on Oct. 29 - KITE: 109.26 million tokens ($12.36 million), representing 4.25% of circulating supply, at 12:00 a.m. UTC on Nov. 1 - TRUTH: 104.86 million tokens ($2.05 million), representing 5.03% of circulating supply, at 12:00 a.m. UTC on Nov. 1 - EIGEN: 36.82 million tokens ($7.4 million), representing 3.77% of circulating supply, at 8:00 a.m. UTC on Nov. 1

The key global macro events for the fifth week of October are as follows, based on Korea Standard Time: - Oct. 28, 6:00 p.m. UTC: U.S. interest rate decision - Oct. 28, 6:30 p.m. UTC: FOMC press conference - Oct. 28, 8:00 p.m. UTC: Coinbase earnings release - Oct. 29, 12:30 p.m. UTC: U.S. September core personal consumption expenditures price index, U.S. third-quarter GDP, U.S. initial jobless claims - Oct. 29, 1:15 p.m. UTC: EU interest rate decision - Oct. 30, 3:00 a.m. UTC: Japan interest rate decision

CoinMarketCap’s in-house Crypto Fear and Greed Index came in at 43, down three points from yesterday, while remaining in neutral territory. The index indicates extreme fear as it approaches zero and extreme optimism as it nears 100. According to CoinMarketCap, the gauge is calculated based on price moves among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators including the put/call ratio, the stablecoin supply ratio (SSR), and CoinMarketCap’s own search data.

The spot CVD chart is an order book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the volume heatmap, while the lower panel shows cumulative volume delta, or CVD. - The volume heatmap in the upper panel tracks trading volume by price range. The background becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter zones may act as support or resistance. - The cumulative volume delta indicator in the lower panel reflects buy and sell orders by order size. As buy orders increase, the line for the corresponding color moves higher. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

Bitcoin and gold are posting the weakest returns among major asset classes this year, marking the first time since annual asset-return data began in 2011 that the two have occupied the bottom two spots together, BeInCrypto reported. Charlie Bilello, an investment strategist at wealth management firm Creative Planning, said BTC and gold were down 7.3% and 7.5%, respectively, this year, placing them at the bottom of a group of 21 major asset classes. The outlet said gold had surged 63.7% last year, its strongest annual return in the period tracked, but has since turned weaker. Spot gold, which had traded above $5,400 an ounce at the start of the year, closed at $3,995.81 on Oct. 23, falling below $4,000 for the first time since July. BTC was also down about 35% from $126,000 reached in October last year. BeInCrypto added that both assets generate no interest income, which can make them less attractive than bonds or cash-like assets when interest rates rise.

Bitcoin layer-one decentralized stablecoin protocol Ducat Protocol has integrated its native stablecoin UNIT into the eCash protocol Cashu and launched Turbo UNIT, a new payment method supporting off-chain transfers of the BTC-backed dollar-pegged stablecoin, Crypto Briefing reported. Turbo UNIT was designed to enable fast payment processing and transaction privacy.

According to CoinNess market monitoring, BTC has fallen below $80,000. BTC is trading at $79,890.63 on the Binance USDT market.

BitMEX co-founder Arthur Hayes has received a total of 49.24 million USDC following large altcoin sales, according to Onchain Lens. The on-chain tracker said Hayes recently received an additional 23.07 million USDC from Galaxy Digital, bringing the total amount received from trading firms and cryptocurrency exchanges to 49.24 million USDC. Hayes had previously sold altcoins including ETH and ENA worth about $22.28 million on Oct. 24.

Crypto analyst Darkfost said on X that as Bitcoin has held above $80,000 in recent weeks, retail BTC deposits flowing into Binance have climbed to their highest level in six months. Darkfost said retail investors’ 30-day cumulative BTC deposits to Binance rose from $5.5 billion to $10.75 billion, nearly doubling in a short period. In contrast, whale deposits fell from $5.9 billion in late August to $3.8 billion now, extending a decline of about two months. Darkfost said the data suggests retail investors, after roughly a year of sustained weakness, have recently used the rebound as an opportunity to sell BTC, while whale investors have been reluctant to move BTC to exchanges, indicating limited willingness to sell at current price levels.

Kraken-backed stock token platform xStocks has surpassed $1 billion in on-chain market capitalization, Crypto Briefing reported. The market cap of xStocks’ tokenized stocks rose 802.5% over the past year. xStocks launched the service on June 30 last year with tokenized products tied to about 60 U.S. stocks and exchange-traded funds.

Cryptocurrency analyst Michaël van de Poppe said Bitcoin’s ability to hold $80,000 will be a key factor in determining its next price direction. In a post on X, van de Poppe said BTC staged a relatively strong rebound after briefly breaking below its recent low, but needs to move above its previous high of $87,000 to maintain its uptrend. If BTC fails to set a new high, it could retest its recent low and fall below $75,000, putting the current uptrend at risk, van de Poppe said. On the other hand, if BTC forms a higher low and holds support at $80,000, the correction could end and the asset could attempt a further advance. Van de Poppe added this week’s price action will be an important inflection point for BTC’s next directional move.

Whale Alert reported that 386,092,254 USDT has been transferred from Binance to an unknown wallet. The transaction is valued at about $386 million.

South Korea’s presidential office has decided to delay taxation on cryptocurrency income, which had been scheduled to take effect on Jan. 1 next year, according to the Seoul Economic Daily. A presidential office official said today the issue had been discussed in the direction of postponing implementation. The government had originally planned to begin taxing virtual asset income through a 2020 revision to the income tax law, but the measure has already been delayed three times. Under the current schedule, the tax would take effect on Jan. 1. The presidential office decided on another delay while citing insufficient preparations for taxation and public sentiment among younger people. The office was also said to have considered that the U.S. will join the Crypto-Asset Reporting Framework, or CARF, from 2029. CARF is a system under which tax authorities in countries around the world collect users’ residency and transaction information from crypto asset service providers and exchange that data with one another. The delay in U.S. participation could raise concerns that taxation would be concentrated only on users of South Korean exchanges because of the size of the domestic trading market. Within the ruling Democratic Party as well, a revision bill has already been proposed to begin crypto taxation in 2029. The People Power Party is also calling for a delay, and the law is expected to be revised during tax bill reviews in November.

According to CoinNess market monitoring, BTC has risen above $81,000. BTC is trading at $81,000 on the Binance USDT market.

Major exchanges have seen $140 million worth of futures liquidated in the past hour. In the past 24 hours, $836 million worth of futures have been liquidated.

Major exchanges have seen $202 million worth of futures liquidated in the past hour. In the past 24 hours, $801 million worth of futures have been liquidated.

We provide real-time cryptocurrency investment updates around the clock from 10:00 p.m. UTC on Sunday through 3:00 p.m. UTC on Saturday. Between 3:00 p.m. UTC on Saturday and 10:00 p.m. UTC on Sunday, investment updates are limited to major market-moving developments. Note: Overseas economic breaking news on the CoinNess Live app and CoinNess web service remains available continuously.

According to CoinGlass data, the Coinbase BTC premium index has remained negative for 31 straight days and was last recorded at -0.1353%. The index measures the BTC price gap between U.S.-based Coinbase and global exchange Binance. A sustained negative reading is generally interpreted as relatively weaker buying interest in the U.S. market or stronger selling pressure. The index had previously ended a 98-day negative streak on Aug. 25, when it rose to 0.0052%. Still, the premium index alone cannot determine whether U.S. institutional investors are pulling money out of the market.

BNB Chain’s tokenized stock trading volume reached $25.6 billion in the third quarter, up about 11-fold from $2.4 billion in the previous quarter, according to Bitcoin.com. The figure was well above Robinhood Chain’s $10.2 billion and Solana’s $6.4 billion. Bitcoin.com said the increase was driven by bStocks, a tokenized stock platform launched in June. QQQB, a tokenized product tied to the Invesco QQQ ETF tracking the Nasdaq-100 Index, accounted for about 80% of bStocks volume. Tokenized stock supply on BNB Chain also expanded. Supply stood at $1.13 billion at the end of the third quarter, about double from $560 million at the end of the previous quarter, representing about 39% of total tokenized stock supply across blockchains. The number of tokenized stock holders was estimated at about 1.8 million.

Developer Shaw, who has about 163,000 followers on X, claimed a critical security vulnerability was found in the mainnet program of daos.fun, a Solana-based platform for launching investment funds. Shaw said Shaw reverse-engineered daos.fun’s previously private program, reconstructed code that runs identically to the original, and published it on GitHub. According to materials Shaw released, the reconstructed program produced the same hash as the original binary Shaw obtained, and the vulnerability was identified during a security review. No case of the flaw being exploited or any current impact on user assets has been confirmed. Meanwhile, daos.fun has suspended platform maintenance and the creation of new DAOs and tokens, while existing tokens remain available for trading. The code Shaw published is also known not to include a fix for the vulnerability.

According to CoinNess market monitoring, BTC has fallen below $80,000. BTC is trading at $79,840.58 on the Binance USDT market.

Major exchanges have seen $199 million worth of futures liquidated in the past hour. In the past 24 hours, $645 million worth of futures have been liquidated.