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Collaboration Aims to Develop Multi-Stablecoin Liquidity-Powered Global Settlement Layer

Near Protocol Validators Require 80% Approval for Proposed Annual Inflation Reduction, with Decision Expected by October 2025

The overall crypto market is experiencing a decline, with significant price drops in bitcoin and ethereum. Altcoins are leading the downward trend, and the total liquidation amount across the network is substantial. Large investors are adjusting their positions to cope with the volatility. Summary generated by Mars AI This summary is produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

DraftKings has acquired the CFTC-licensed Railbird exchange, entering the prediction market sector to counter competitive threats, resulting in an 8.3% increase in its stock price. This move expands its business into states where traditional gambling is prohibited, but also faces regulatory challenges. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.




- 06:35Seismic launches native privacy blockchain execution client Seismic Reth and opens its source codeJinse Finance reported that the privacy blockchain project Seismic has announced the launch of Seismic Reth, a blockchain execution client with native privacy features, and has open-sourced its code. Seismic Reth offers functionalities such as private storage, encrypted transactions, and TEE integration.
- 06:23Standard Chartered Hong Kong to launch virtual asset ETF trading service in NovemberAccording to ChainCatcher, citing Hong Kong media Ming Pao, Standard Chartered Hong Kong recently conducted a survey under the Hong Kong Monetary Authority's "e-HKD+" project and found that three-quarters of high-end clients are interested in digital assets, and nearly 80% of respondents intend to participate in digital asset investment activities in the next 12 months. Ho Man Chun, Head of Wealth Solutions at Standard Chartered Hong Kong, stated that the bank will launch virtual asset ETF trading services in November, allowing clients to participate in these emerging investments through the Standard Chartered platform, thereby diversifying clients' asset allocation and wealth management options.
- 06:14Andrew Kang-linked address closes over $25 million in BTC short positions, with a floating return rate exceeding 160%According to ChainCatcher, as monitored by HyperInsight, in the past 8 hours, the address (0x0b5) associated with Mechanism Capital co-founder Andrew Kang closed 230 BTC short positions for profit, reducing holdings by approximately $25.32 million, and 4 hours ago increased ENA long positions by over $1.5 million as a hedge. According to further monitoring, this address opened a new 40x leveraged BTC short position at $113,200 at 1 a.m., with a position size of about $29.9 million. Currently, there is still a $4.16 million short position, with a floating return rate of over 160%. Meanwhile, the 25x leveraged ETH long position was closed at the high of $4,008 and switched to short, with a current floating return rate of over 100%.