Day: October 30, 2025

China officially hates stablecoins, DBS trades Bitcoin options: Asia Express

boss

China breaks silence on stablecoins China has finally put rumors to rest following a speech by People’s Bank of China Governor Pan Gongsheng at an annual financial conference in Beijing. After Hong Kong’s stablecoin licensing regime took effect in August, several companies — including some from mainland China — reportedly lined up to apply for licenses in the city. The move had fueled speculation that Beijing might be preparing to ease its long-standing crypto ban. However, Pan made clear that no such shift is underway. Referring to the series of…

Solana Price Crashes to $182 as Jump Crypto Sells $205M SOL for Bitcoin

Key Notes Jump Crypto sold 1.1 million SOL tokens worth $205 million and immediately purchased $265 million in Bitcoin within minutes. Derivative markets showed increased short positioning with futures volume rising 7% and a long/short ratio of 0.93 indicating bearish sentiment. The decline threatens Solana’s $100 billion market cap milestone despite recent approval of the first spot Solana ETFs in the United States. Solana SOL $182.2 24h volatility: 7.2% Market cap: $100.03 B Vol. 24h: $8.33 B price tumbled to $182 on Oct. 30, recording an intraday decline of nearly…

Blockchain Onchain Revenue Nears $20B in 2025

The blockchain industry is showing signs of newfound maturity — at least by one often-overlooked metric — pointing to broader adoption across decentralized finance, consumer apps and emerging sectors. According to a new Onchain Revenue Report from venture capital company 1kx, onchain revenue, as measured by user-paid fees, is on track to reach $19.8 billion in 2025. That follows a record-breaking $9.7 billion in the first half of the year alone. These fees represent the total amount users spend to transact directly on blockchain and related infrastructure, covering trades, swaps,…

JPMorgan Tokenizes Private Equity Fund as Dimon Declares ‘Crypto is Real’

Key Notes The bank’s new system automates fund transfers using smart contracts, replacing manual wire transfers and reconciliations. A broader rollout is planned for early 2026 with additional features to be introduced throughout the year. CEO Jamie Dimon acknowledged crypto’s legitimacy at a recent conference, marking a shift from his previous skepticism. JPMorgan Chase tokenized a private-equity fund on its Kinexys blockchain platform, making the offering available to wealthy clients served by its private bank. The bank announced the development on Thursday. The first live transaction using the new Kinexys…

NEAR Intents Approaches $3B in Swaps as it Gains Major Crypto Industry Support

Key Notes The protocol processed 6.41 million swaps across 124 assets on 20+ blockchains since December 2024 launch. Industry leaders from Bitcoin, Polygon, and Solana ecosystems have endorsed the chain-abstraction technology. Recent integrations include Tron, Cardano, and Aptos, while NEAR’s validator community approved inflation halving to 2.5%. NEAR Intents, a cross-chain and chain-abstraction protocol running on NEAR NEAR $2.07 24h volatility: 11.2% Market cap: $2.64 B Vol. 24h: $201.88 M , approaches $3 billion in all-time volume, making more than half of it in the last month alone. This happens…

Solana price dips as Jump Crypto swaps $205m SOL for Bitcoin

boss

Crypto market maker and trading platform Jump Crypto has swapped about $205 million in Solana for Bitcoin, onchain data shows. Summary Jump Crypto transferred 1.1 million Solana tokens valued at $205 million at the time to Galaxy Digital. The firm swapped that for 2,455 Bitcoin valued at around $265 million. Solana price dropped to lows of $180 amid overall crypto market weakness. Jump Crypto, a key player in the digital assets industry, executed the transfer on October 30, 2025, with data shared by Lookonchain showing the firm converted 1.1 million…

Lombard takes over $538m BTC.b in landmark Bitcoin deal

boss

Lombard Finance has acquired the live on-chain infrastructure of BTC.b, a $538M Bitcoin asset on Avalanche. The firm plans to channel this flow across Ethereum, Solana, and other major chains starting next year. Summary Lombard Finance acquires BTC.b, a $538M Bitcoin asset on Avalanche, along with its infrastructure and 12,500-address user base. The firm plans to migrate BTC.b to its decentralized protocol by Q4 2025, secured by 15 institutional entities. BTC.b will expand beyond Avalanche to Ethereum, Solana, and MegaEth, with integration into Lombard’s vault products used by Binance and…

Nordea bank to offer Bitcoin ETPs to customers

boss

Nordea, the largest bank in the Nordic region, plans to offer access to exchange-traded products tracking Bitcoin to its customers beginning December 2025. Summary Finland’s Nordea bank will allow its customers to buy Bitcoin ETPs as from December 2025. The highlights regulation and maturity of the sector as key to its decision. Asset manager CoinShares’ synthetic Bitcoin ETP will be the first on offer. Finland, Helsinki-based Nordea announced the move on Oct. 30, noting that the decision to provide clients access to the Bitcoin (BTC)-linked exchange-traded products comes amid a…

Satoshi Nakomoto Bitcoin holdings down $4.9b amid massive crypto sell-off

boss

Holdings supposedly belonging to Bitcoin creator Satoshi Nakamoto lost almost $5 billion in value. Summary Satoshi’s Bitcoin holdings fell by almost $5 billion in a single day The Bitcoin founder hasn’t moved a single satoshi in 15 years The crypto market correction has wiped billions in market value, and is affecting even its biggest holder. On Thursday, October 30, Bitcoin holdings reportedly belonging to Satoshi Nakamoto have lost nearly $5 billion in value. While the Bitcoin (BTC) founder did not move any funds from the thousands of wallets supposedly under…