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Uniswap said on X it now supports trading in U.S. and South Korean stock tokens issued by Stove Finance on the Arbitrum network. The tokens can be traded in the Uniswap app via UniswapX. Stove Finance provides infrastructure to bring global securities on-chain and plans to expand support to additional markets beyond the initial U.S. and South Korean stock offerings.

BitGo Bank & Trust is supporting ETH staking through Lido for eligible U.S. clients, according to Crypto Briefing. Clients can stake ETH from their existing BitGo accounts and receive and manage stETH, while BitGo said it is the first qualified custodian in the United States to offer ETH staking through Lido.

Bloomberg ETF analyst Eric Balchunas said on X that “Both Sides of the Coin,” a cryptocurrency investing book he co-authored with colleague James Seyffart, will be released on Nov. 10. Balchunas described it as a guide to crypto as an asset class in the middle ground between rapidly converging traditional finance, or TradFi, and decentralized finance, or DeFi. According to Amazon’s website, the book covers topics including the FTX collapse and the launch of Bitcoin ETFs. It also explains how to invest in crypto through ETFs, Bitcoin’s characteristics, whether BTC fits a traditional investment portfolio, and whether it can compete with gold as a store of value.

Taiwanese singer Jeffrey Huang’s 39,025 ETH long position, worth about $99.8 million, has moved closer to liquidation as the market declines. The position’s liquidation price is $2,501.38.

Solana has launched a batched settlement feature based on the x402 payment standard with PayAI Network and BlockRunAI, Blockchain.com reported. x402 is a payment standard that lets AI agents or applications automatically pay in cryptocurrency when using digital services such as APIs, data, and AI models. With the feature, AI agents can open a payment channel in USDC, process individual payments off-chain, and settle multiple payments in a single on-chain transaction.

U.S. safety products company Universal Safety Products said it will change its name to DeFi Capital Markets on Oct. 19 and shift its focus to cryptocurrency-related businesses. On the same day, its NYSE American ticker will change from UUU to DCM. The company said it has been developing real-world and financial asset tokenization technology through a subsidiary and tokenized silver as its first project. It plans to expand into providing tokenization technology, investing in cryptocurrencies and tokenized assets, and running quantitative trading and market-making businesses.

Strive’s asset management division surpassed $3 billion in assets under management for the first time on Oct. 6, CEO Matt Cole said. In a post on X, Cole added, "7일 오전 기준 대차대조표상 공시된 Strive의 BTC 보유액은 24억6000만달러다. 곧 AUM과 BTC 보유액 모두 30억달러를 넘어설 것".

According to CoinNess market monitoring, BTC has fallen below $83,000. BTC is trading at $82,908.91 on the Binance USDT market.

The three major U.S. stock indices opened lower today. - S&P 500: -0.42% - Nasdaq: -0.62% - Dow Jones: -0.63%

An anonymous whale bought 1,470.94 ETH about three hours ago, according to on-chain analyst ai_9684xtpa. The purchase was worth $3.803 million, with an average entry price of $2,582.

Global credit ratings agency Moody’s assigned a B3 credit rating to DeFi protocol Sky (SKY), formerly MakerDAO, marking a speculative-grade rating with high credit risk. Moody’s said Sky manages about $10 billion to $11 billion in assets, while its equity capital and reserves total only about $90 million, putting the ratio at under 1% of assets under management. Most of Sky’s managed assets are used to support the stablecoins USDS and DAI. The rating also marks Moody’s first credit assessment of a stablecoin protocol.

Bitcoin’s recent move back above $85,000 appears closer to a light rally than a true upside run, with trading volume and new capital still lacking, according to Glassnode’s weekly on-chain report. The report said BTC’s latest rebound was not accompanied by volume. When Bitcoin reclaimed $85,000, average daily volume across spot exchanges and U.S. spot ETF inflows combined was about $6.8 billion, lower than more than 90% of trading days since 2024. Glassnode added that the Oct. 4 daily candle closed above $85,000, but volume was only about half the average Sunday level, indicating price rose without clear evidence of stronger buying pressure. Glassnode also said the nearest large liquidation cluster is stacked in the $81,700-$83,300 range, while the largest buy wall on Binance’s order book sits at $81,000-$81,250. On the upside, a sizable sell wall has been seen at $86,500-$86,750. If Bitcoin closes steadily above $85,500, that would show the breakout is backed by real support and could bring it closer to short liquidations concentrated around $92,000, the report said. If the buy wall around $81,000 breaks instead, downside liquidations could accelerate.

Eric Trump, the second son of President Donald Trump, said AI investment is likely to be the fastest driver of growth in the crypto market, according to Crypto Briefing. At the Token2049 event in Singapore on Oct. 7, Trump said capital had shifted into AI over the past year, putting downward pressure on crypto prices including BTC, but recent price rebounds were drawing funds back into crypto. Trump also said future AI agents could trade directly through crypto wallets on behalf of users without going through traditional fiat payment networks, and urged the crypto industry to embrace AI technology more aggressively.

BitMEX co-founder Arthur Hayes said excessive investment in AI data centers will eventually lead to a market collapse and a bailout, with the resulting liquidity likely to lift cryptocurrency prices, CNBC reported. He said major new technologies have historically triggered overinvestment, followed by a crash and a bailout. Hayes added that Bitcoin and other cryptocurrencies can now absorb that excess liquidity, meaning crypto could deliver the strongest performance once a bailout begins. He also said companies driving computing demand, including SpaceX, OpenAI and Anthropic, are not making money, and infrastructure providers could begin demanding payment for contracted computing capacity around late 2027 to 2028, when a large wave of data centers now under construction is completed.

Crypto trading and market-making firm GSR plans to work with liquidity platform Turtle on an onchain vault business called Hare, with up to $100 million set to be deployed, CoinDesk reported. Most of GSR’s funding is expected to be provided as credit and used as initial liquidity in Hare vaults. Hare initially plans to offer Hare USD Earn, which pays interest on deposits of major dollar-pegged stablecoins through the Aave lending protocol, and Hare Gold Earn, which uses Paxos’ tokenized gold products PAXG and PAXGy.

Solana recorded a record 8,477 monthly unique active programs in September, SolanaFloor reported. The programs function as smart contract code on Solana and power swaps, bridges, bots and games.

Shayne Coplan, CEO of prediction market platform Polymarket, said crypto trading is turning into a race to identify tokens that could rise 100-fold first, describing it as a game of irrational excess. Speaking at Token2049 in Singapore on Oct. 7, local time, Coplan said traders think they are buying something even when they know it has no value, hoping it will surge 100x while planning to sell before it falls to zero. Coplan added that Polymarket’s prediction market does not offer that kind of exponential upside, with informed traders instead betting on future events with more predictable probabilities.

Circle announced on its official blog that it has entered into a partnership with Tereina, a financial services company under German global enterprise software provider SAP, according to a statement released today. Through the partnership, Tereina plans to introduce USDC and EURC into its payment infrastructure. The integration will begin with SAP Cloud ERP and will allow eligible SAP customers to send and receive stablecoin payments through SAP Pay without leaving their existing business applications. The two companies also plan to run proof-of-value programs for corporate clients and provide training for treasury and payments professionals as they seek to expand stablecoin adoption across enterprises.

The yield on the benchmark 10-year U.S. Treasury note rose to 5.3496%, its highest level since 2002.

Banks need separate digital asset infrastructure to use the blockchain-based ledger of the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, Taurus co-founder Lamine Brahimi said, according to CoinDesk. Brahimi said connecting to the SWIFT ledger requires a bank’s own permissioned ledger, digital asset wallet, tokenization capabilities, and smart contract functions. CoinDesk added that the SWIFT ledger serves to connect deposit tokens between banks, while each bank’s own system handles deposit management and smart contract processing. In July, SWIFT said 17 banks were preparing real-world transactions involving deposit tokens, and HSBC and Standard Chartered have since completed the first live interbank transaction, while DBS and Citi carried out cross-border payments.

Tether announced on its official blog on Oct. 7 that it signed a memorandum of understanding with the Central Bank of Kazakhstan and the Alatau City Administration (ACA), a special administrative body in Kazakhstan, according to the company. The parties plan to jointly study issuance models and use cases for a stablecoin pegged to Kazakhstan’s national currency, the tenge, and pursue a pilot project in Alatau City. They are also reviewing the creation of an asset tokenization framework using Tether’s tokenization platform Hadron. Tether said they also plan to run educational programs on stablecoin issuance, reserve asset management, and real-world asset tokenization.

Stablecoin payment infrastructure firm Noah said on Oct. 7 that it had closed a $38 million seed round after raising an additional $16 million from existing and new investors through its official channel. The company said the proceeds will be used to expand its stablecoin-based cross-border remittance service, scale compliant business operations, hire talent, build infrastructure in key markets, and enter the U.S. market.

Whale Alert reported that 2,500 BTC has been transferred from an unknown wallet to Bitfinex. The transaction is valued at about $209 million.

Swiss crypto wallet provider Tangem has launched a physical Visa card for in-store and online payments as well as ATM withdrawals, Cointelegraph reported. Users can transfer funds directly from a self-custody wallet to the card, and if the card is frozen or canceled, remaining funds can be moved back to the wallet. The initial batch is limited to 5,000 cards, and the service is unavailable in around 20 sanctioned countries, including China, Russia, North Korea and Palestine.

Canary Capital’s spot XRP ETF, XRPC, was trading at $15.94, down 40.1% from its post-launch high, according to Finbold. Finbold said XRPC is down 21.24% year to date but has rebounded 6.7% over the past month. The outlet added that the seven U.S. spot XRP ETFs have seen about $1.79 billion in net inflows since launch, while XRP has traded around $1.5, well below its 2025 high of about $3.65. It explained that the price impact has been limited as inflows into XRP ETFs have been smaller than those into spot BTC ETFs, and not all ETF funds are used to directly buy XRP on exchanges.