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Wu Blockchain· 2025-10-28 21:08
Bitcoin treasury company Sequans recently transferred 970 BTC (approximately $111 million) to Coinbase, marking its first major outbound transaction since initiating its Bitcoin treasury strategy. On-chain data shows Sequans still holds around 2,264 BTC, valued at approximately $255 million at current prices. https://t.co/kyUM1olkuy ...
X @Wu Blockchain
Wu Blockchain· 2025-10-28 20:38
ETF Performance - Bitwise's Solana Staking ETF (BSOL) recorded $56 million in first-day trading volume, the highest among newly launched ETFs this year [1] - BSOL was seeded with $220 million; if fully deployed, trading volume could have reached approximately $280 million [1] - HBR and LTCC posted $8 million and $1 million in first-day trading volume, respectively [1]
X @Wu Blockchain
Wu Blockchain· 2025-10-28 19:37
Hyperliquid and BNB Chain have captured the majority of Layer 1 network fees amid a surge in derivatives trading, accounting for over 40% and 20% of total fees, respectively. Solana’s share has dropped from over 50% earlier this year to just 9%. Derivatives trading generates significantly higher fees per transaction than memecoin activity, while BNB Chain has also benefited from user inflows through Binance Alpha and Binance Wallet. https://t.co/9x87nYQ47R ...
X @Wu Blockchain
Wu Blockchain· 2025-10-28 17:31
According to WSJ, Western Union plans to launch USDPT, a dollar-backed stablecoin on Solana, in the first half of 2026. Issued by Anchorage Digital Bank, it will be initially available through partner exchanges. The company also plans to enable crypto-to-cash conversions for non-customers via a wallet network and its 400,000+ retail locations. https://t.co/4fgHZTryBG ...
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Wu Blockchain· 2025-10-28 17:02
SharpLink has announced a partnership with Consensys to deploy up to $200 million worth of ETH from its treasury to Linea, Consensys’ zkEVM Layer 2 network, over the coming years. The assets will be held in custody by Anchorage Digital Bank. Yield sources include Ethereum staking rewards, restaking incentives via EigenCloud’s verifiable services, and ecosystem incentives from Linea and https://t.co/sR2LW6XwdM. https://t.co/UWYTikckCu ...
X @Wu Blockchain
Wu Blockchain· 2025-10-28 16:41
Company Overview - Securitize plans to go public via SPAC merger with Cantor Fitzgerald's CEPT [1] - Securitize expects to raise up to $469 million in gross proceeds [1] - Securitize is the only full-stack tokenization platform fully registered with the SEC [1] Funding & Investment - The deal includes a $225 million PIPE from new and existing institutional investors [1] - $244 million is from CEPT's trust account, assuming no redemptions [1] Market Position - Securitize reports over $4.5 billion in tokenized assets [1] - Securitize has a 20.8% market share [1]
X @Wu Blockchain
Wu Blockchain· 2025-10-28 16:12
OKX announced that Felix Fan, head of its public blockchain X Layer, has been removed from his position due to a conflict of interest with the company. The OKX president has posted a message hinting that Binance's poaching may be involved. The quarrel between the two sides has been heating up recently.https://t.co/U7hznicNX8https://t.co/wBjexoJrww ...
X @Wu Blockchain
Wu Blockchain· 2025-10-28 16:11
Investment Trends - Hong Kong and mainland China retail investors plan to double tokenized fund investments [1] - Active traders, high-net-worth individuals, and long-term investors expect to increase allocations to 16%-26% [1] Digital Currency & Tokenization - Aptos Labs and BCG released a report on tokenized funds [1] - HKMA's "e-HKD+" Phase 2 pilot with Hang Seng Bank confirms instant and compliant settlement of tokenized funds using digital currency [1]
X @Wu Blockchain
Wu Blockchain· 2025-10-28 13:25
Solana Foundation Chair Lily Liu's Shanghai Speech: Lily Liu pointed out that blockchain is evolving from an “electronic cash system” into the foundational infrastructure of a global financial internet. In the future, “everything can be tokenized”—with the vision of fully tokenizing blockchain-native assets, traditional financial instruments, and entirely new forms of assets to enable their circulation, trading, and financialization on-chain. Read morehttps://t.co/pl5szf1Xz1 ...
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Wu Blockchain· 2025-10-28 12:51
According to Bloomberg, Trump Media & Technology Group (TMTG) plans to launch a prediction market platform, Truth Predict, allowing users on Truth Social to bet on events like political elections and inflation. Trades will be executed via Cryptocom’s North America Derivatives platform. After full testing, Truth Predict will launch in the U.S., with plans to expand globally and include markets such as commodities and major sports leagues.https://t.co/gu8q0jqiRM ...