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No results1Bitget Daily Digest（October 28)｜S. today. Trump nominates Michael Selig as CFTC Chairman. Stablecoin USD1 enters partnership with Enso.2Research Report｜In-Depth Analysis and Market Cap of Common Protocol (COMMON)3Is Monero (XMR) Gearing Up for a Bullish Breakout? This Key Pattern Formation Suggest So!
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- 11:14Fintech startup ZAR raises $12.9 million in funding, led by a16zJinse Finance reported that venture capital giant Andreessen Horowitz (a16z) led a $12.9 million financing round to support fintech startup ZAR in promoting a US dollar-backed stablecoin in Pakistan. Dragonfly Capital, VanEck Ventures, an undisclosed exchange, and Endeavor Catalyst also participated in this round. ZAR innovatively distributes stablecoins through local convenience stores, kiosks, and remittance agent outlets. Users can simply scan a QR code at participating stores to exchange cash for stablecoins stored in a mobile wallet, which is connected to a globally usable Visa card. This model specifically targets over 100 million unbanked adults in Pakistan, requiring no understanding of blockchain or crypto technology from users.
- 10:56"Machi Big Brother" deposits 220,000 USDC into Hyperliquid to increase long positions in ETH and HYPEAccording to Jinse Finance, on-chain analytics platform Lookonchain has monitored that "Brother Machi" has deposited an additional 220,000 USDC into Hyperliquid to increase his long positions in ETH and HYPE. The current holdings are: 3,300 ETH (approximately $13.58 million) and 101,000 HYPE (approximately $4.78 million).
- 10:27Prediction market Kalshi sues New York regulators over ban on sports contractsJinse Finance reported that the prediction market platform Kalshi filed a federal lawsuit against the New York State Gaming Commission on October 28, 2025, challenging the state's decision to ban its sports-related contracts. Kalshi, as a CFTC-registered Designated Contract Market (DCM), claims that under the Commodity Exchange Act, the CFTC has "exclusive jurisdiction" over derivatives on federally regulated exchanges, and that New York State's intervention violates federal law. Earlier this year, the company self-certified sports event contracts with the CFTC, allowing users to financially bet on the outcomes of matches. Kalshi is seeking emergency relief to prevent New York State from enforcing its cease and desist order, stating that failure to do so would cause irreparable harm to the platform and its users.