Core Insights - Ripple Labs has launched Ripple Prime, a US spot prime brokerage service aimed at institutional clients, allowing OTC spot trades in major digital assets like XRP and RLUSD [1][2] - The launch follows Ripple's $1.25 billion acquisition of Hidden Road, enhancing capabilities beyond OTC trading to include cross-margining and financing options [2][3] - Ripple Prime facilitates large off-exchange transactions with reduced market impact and provides infrastructure that meets US regulatory standards, marking a shift towards institutional finance for XRP and RLUSD [3] Market Access and Growth - The launch of Ripple Prime coincides with increased activity in the stablecoin market, highlighting its strategic timing [4] - RLUSD, Ripple's US dollar-pegged stablecoin, has surpassed a market capitalization of $1 billion, indicating strong institutional interest and growth [5] - The integration of RLUSD within Ripple Prime may lead to new use cases such as collateralized lending and cross-border settlements, positioning Ripple in competition with Coinbase Prime and Anchorage [5][6]

ETF & Investment Products - Bitwise 推出了 SEC 批准的 Solana 质押 ETF (BSOL)，首日交易量达到 56 million 美元，在 2025 年的 850 个 ETF 发行中创下纪录 [1] - Grayscale 推出了 Solana Trust ETF (GSOL) [2] - 每周流入 Solana ETF 的资金为 417 million 美元，领先所有加密 ETP [2] Solana Network Activity - Solana 的总 RWA 价值达到历史新高 (ATH)，超过 800 million 美元 [1] - Solana 稳定币用户达到历史新高，约为每月 5 million 个独立地址，转账量达到 39 周以来的最高水平，每周交易额超过 500 billion 美元 [1] Partnerships & Integrations - Western Union 宣布他们将完全基于 Solana 构建，使用稳定币 USDPT 进行 150 个国家/地区的全球转账 [1] - Alpaca 集成了 Global Dollar，以便在 Solana 上访问 USDG [3] - CME Group 上 SOL 期货的单日交易量最高，10 月 28 日交易了 17400 份 SOL 期货 [3] - Republic 和 CoinList 推出了 rTTOK，这是一种对 ByteDance 的代币化敞口 [3]

RT Milk Road (@MilkRoad)Stablecoin liquidity on Ethereum continues to explode.The stablecoin supply on $ETH just crossed $184B.That’s +$100B since January, the fastest inflow the chain has ever seen. https://t.co/ueQsEuUnSn ...

RLUSD: One Year, One Billion→ $1B+ Market Cap→ 1:1 USD-backed→ The #1 trusted and transparent stablecoin for institutionsWith Ripple Prime, GTreasury, and Rail now joining the effort, $RLUSD and $XRP will drive faster, efficient and compliant settlement worldwide. This is how we advance the future of finance. ...

figure markets democratized prime clears heloc-backed loans at 8.5% apy through dutch auctions. ylds stablecoin already controls 68% of sui deepbook's $1.2b daily volume. sec-registered, treasury-backed, generating 4.8% base yield. $180m tvl in 30 days. sui becomes the private credit settlement chain by default when blackrock buidl integration goes live. every institution needs compliant on-chain rails. figure built them first. ...

RT Milk Road (@MilkRoad)Stablecoin liquidity on Ethereum continues to explode.The stablecoin supply on $ETH just crossed $184B.That’s +$100B since January, the fastest inflow the chain has ever seen. https://t.co/ueQsEuUnSn ...

RT Token Terminal 📊 (@tokenterminal)The stablecoin user base on @solana is at an all-time high.~5 million unique addresses pay for stablecoin transfers on Solana each month.Internet payments chain. https://t.co/9mZCVSvRzd ...

Standard Chartered CEO Bill Winters said on Monday that Hong Kong's push into tokenized money and stablecoins could lay the foundation for a new era of digital trade settlement. Speaking at Hong Kong FinTech Week, Winters pointed to ongoing pilots in tokenized deposits and the creation of a Hong Kong-dollar-backed stablecoin as potential breakthroughs for cross-border commerce. “I wouldn’t say that we’ve fully captured the digitized nature of those flows as yet, but we will,” Winters said. “Having innovat ...

Core Insights - Ant Group's chairman Eric Jing highlighted the company's advancements in tokenisation and the growing importance of blockchain in financial services during Hong Kong Fintech Week, while not addressing the stalled stablecoin initiative due to regulatory constraints [1][6]. Group 1: Tokenisation and Financial Services - Ant Group has successfully utilized tokenised bank deposits for cross-bank real-time settlement this year as part of the Hong Kong government's Project Ensemble [1]. - The company achieved real-time settlement across different branches of a global bank last year, showcasing the effectiveness of its tokenisation efforts [2]. - Jing emphasized the confidence gained from using tokenised deposits and money to facilitate real-time global settlement [3]. Group 2: Project Ensemble and Digital Asset Market - Project Ensemble, launched in August last year, aims to explore various use cases for tokenisation, which involves creating blockchain representations of traditional assets for faster and cheaper transactions [4]. - Ant Digital Technologies, a unit of Ant Group, operates Jovay, an Ethereum Layer-2 blockchain focused on real-world asset tokenisation, and is actively participating in the sandbox [5]. Group 3: Regulatory Environment and Stablecoin Initiative - The stablecoin initiative of Ant Group has been stalled due to advice from the Chinese government for mainland firms to pause certain digital-asset activities in Hong Kong [6]. - Financial Secretary Paul Chan clarified that stablecoins are intended as tools for facilitating cross-border transactions rather than for investment or speculation [6].

📰 #AscendEX Daily Updates🔷The SEC has set the final decision date for Grayscale’s Hedera Spot ETF as November 12.🔷Ethereum's stablecoin trading volume reached $2.82 trillion in October, hitting a record high.🔷Bitcoin briefly fell below $108,000.#AscendEX #Crypto #CryptoNews ...