Sudoswap Proposal to Distribute Fees Leads to 225% Surge in SUDO Token Value

Linea's mainnet sequencer experienced performance issues, detected at 5:52 am UTC, with a fix deployed by 6:15 am UTC. The team transitioned to a monitoring phase by 6:32 am UTC to ensure stability.

Indian Union Minister Jayant Chaudhary's crypto investments have grown 19% to $25,500 (₹21.31 lakh), marking the second consecutive year a cabinet member has disclosed digital asset holdings. Chaudhary's Virtual Digital Assets declaration increased from $21,400 (₹17.9 lakh) in June 2024, while his spouse's holdings rose to $26,800 (₹22.42 lakh).

Kraken has extended its xStocks service to EU clients, allowing them to trade tokenized U.S. stocks and ETFs directly through the Kraken app. The blockchain-based tokens represent real-world assets, "removing many of the barriers" to gaining exposure to U.S. stocks.

Metaplanet, a Tokyo-listed firm, recently completed a $1.45 billion share sale, with proceeds mostly allocated to Bitcoin purchases. The company's decision to invest in Bitcoin was driven by factors such as national debt levels and negative interest rates.

The Rex-Osprey Doge ETF, set to launch in the U.S., will operate under the Investment Company Act of 1940, providing more investor protection and governance requirements. This ETF is unique as it holds Dogecoin, a meme coin with no utility, differentiating it from other crypto ETFs.

The SEC has delayed its decision on Nasdaq's request to list the Grayscale Hedera Trust, extending the deadline to November 12. Grayscale also filed registration statements for its Bitcoin Cash and Litecoin trusts, with Bank of New York Mellon as administrator and Coinbase as custodian.

GameStop reported a net loss of $18.5 million for the quarter but narrowed its operating losses to $9.2 million. The company purchased 4,710 BTC at a cost of $500 million, resulting in an unrealized gain of $28.6 million. Revenue declined to $673.9 million due to lower hardware and software sales.

QMMM Holdings saw its shares surge over 2,300% after announcing a $100 million digital assets treasury with Bitcoin, Ethereum, and Solana. Despite a significant increase, the firm's financial report shows a net loss and minimal cash reserves.

Ethena Labs proposed backing Hyperliquid's stablecoin USDH with its USDtb, supported by partners Anchorage Digital and Securitize. The proposal aims to enhance on-chain liquidity and cash management for Hyperliquid users, with distributions to the Assistance Fund.

Cboe plans to introduce continuous Bitcoin and Ethereum futures for U.S. customers in November, offering long-term market access. These perpetual-style futures will be cash-settled and aligned with real-time spot market prices, pending regulatory approval. The exchange aims to provide U.S. traders with confidence in a trusted environment.