Visa Joins Canton Network as a Super Validator

Bhutan has connected its National Digital Identity platform to the Ethereum blockchain, becoming the first country to implement a population-scale identity system on a public network. This integration allows for issuing verifiable credentials and linking decentralized identifiers to Ethereum's validator network.

California Governor Gavin Newsom has signed legislation to protect unclaimed crypto, preventing forced liquidation and ensuring assets remain intact before transferring to state custody. The bill updates the Unclaimed Property Law to include digital financial assets like Bitcoin and Ethereum.

Bitcoin is currently trading at around $113,500, down 1.5% in the last 24 hours, following a tumultuous event that triggered significant liquidations. Implied volatility has decreased, indicating a calming market with traders adjusting their risk levels post-crash.

Canaan Inc. (NASDAQ:CAN) stock surged over 40% on Monday, closing at $1.52 with increased trading volume, following the announcement of a gas-to-compute pilot project in Alberta, Canada. The project aims to convert distributed natural gas resources into cost-efficient power for high-density computing environments, potentially reducing carbon emissions.

Citi is reportedly developing a crypto custody service, aiming to offer it to asset managers and clients in the next few quarters. Major banks like JPMorgan and Morgan Stanley are also expanding their digital asset services, while a group of top banks is exploring stablecoin development.

The recent crypto crash caused by Trump's tariff announcement led to historic losses, with Bitcoin dropping to $102,000 and Ethereum below $3,800. Traders are now cautiously optimistic about the market's recovery, with indicators showing mixed signals across Bitcoin, Ethereum, and Solana.

Uniswap Labs' front-end has been blocking Ukraine-based IP addresses for over eight months, preventing users from accessing assets on the site. The issue seems to stem from a misinterpretation of US sanctions by Uniswap, frustrating builders like Artem Chystiakov.

Nigel Farage emphasized the need for improved regulation in the UK's digital asset space during the Digital Asset Summit 2025 in London. He criticized the lack of regulation for crypto and called for sensible measures to be put in place.

Strategy, the largest corporate holder of Bitcoin, disclosed a $27 million purchase of 220 Bitcoin last week at an average price of $123,500. This acquisition raised their total Bitcoin holdings to 640,250, valued at around $73 billion.

BNB Chain developers announced a $45 million airdrop for memecoin traders affected by recent market turbulence. Over 160,000 addresses are eligible, with a distribution timeline set until early November 2025.