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Breaking News
Binance said its security teams are investigating reports of a potential security issue on Thursday, while maintaining that user funds remain completely safe, as Tether, Circle, Ripple and World Liberty Financial moved to freeze more than $2.3 billion in stablecoins linked to the incident.
Polymarket put its international exchange into cancel-only mode on Thursday after users reported unauthorized withdrawals, saying one of its third-party providers had been compromised and promising to make every affected user whole.
ICE Partners With trade[XYZ] on 24/7 Hyperliquid Perpetual Futures Market for US Brokers
Intercontinental Exchange, the operator of the New York Stock Exchange, has partnered with and invested in trade[XYZ] to launch a 24/7 U.S. perpetual futures market built on the Hyperliquid protocol, bringing institutional-grade onchain derivatives to registered brokers for the first time.
European Central Bank President Christine Lagarde will step down on February 7, 2027, months before her term was due to end, Reuters reported, leaving the digital euro project and MiCA implementation in transition as succession questions loom.
What the Markets Think
Will Democrats control the Senate after the 2026 midterms? 68%. The crowd thinks Blue holds both chambers, even as Binance halts the Hacker's stablecoin pile and ICE bets on 24/7 crypto derivatives winning over American brokers.
Next ECB President: who replaces Lagarde? Pablo Hernández de Cos leads at 36%, Klaas Knot at 29%. Lagarde's early exit opens succession before the digital euro pilot finishes.
Will Benjamin Netanyahu be Prime Minister after the next Israeli election? 46% yes, with Gadi Eizenkot trailing at 31%. Quant Network's daily active addresses jumped 1,242% after a Clearing House partnership, but eyes stay on the Middle East.
NATO military clash with Russia by December 31? Just 17%. Markets are pricing calm through year-end even as geopolitical headlines stay hot.
The Big Story
Hyperliquid's HYPE Jumps 16% After ICE Backs Trade[XYZ] US Futures Market
Hyperliquid's native token, HYPE, rose 16.6% in 24 hours to about $94.43, lifting its market cap to $23.9 billion and making it the ninth-largest cryptocurrency. Trading volume more than tripled to $2.3 billion over the same period. The move followed an announcement from Intercontinental Exchange, the parent company of the New York Stock Exchange, that it had partnered with and invested in trade[XYZ] to launch a 24/7 U.S. perpetual futures market built on the Hyperliquid protocol. The platform will bring onchain derivatives to registered U.S. brokers and is expected to go live in early 2027, pending regulatory approval from the Commodity Futures Trading Commission.
Top Stories
DTCC Launches Tokenization Service on Canton Network With 20 Firms Signed Up
The Depository Trust & Clearing Corporation has launched its Tokenization Service, bringing a first set of U.S. Treasuries, stocks and exchange-traded funds onto blockchain rails through Canton Network. The service went live on October 28 and is aimed at the central securities depository's network of brokers, banks and asset managers. About 20 firms have signed on as early participants, according to the announcement.
BNB Chain Activates Jenner Hard Fork on BSC Testnet With 5% Payment Lane
BNB Chain has activated the Jenner hard fork on the BNB Smart Chain testnet. The upgrade is aimed at keeping payments moving when the network is congested, and it introduces a new token standard for stablecoins and tokenized assets. Binance founder CZ called it a "big step forward," noting that BNB now has the infrastructure for fast, reliable payments even at peak load.
BlackRock has signed a memorandum of understanding with SBI Holdings and Startale Group to explore connecting tokenized money market funds with a Japanese yen stablecoin, JPYSC. The collaboration is expected to test how institutional-grade onchain funds can settle directly in a regulated yen token, according to a joint statement from the three parties. SBI and Startale are building the stablecoin infrastructure, while BlackRock brings the tokenized fund experience it has developed through its USD Institutional Digital Liquidity Fund on Ethereum.
Deep Dive of the Week
Canton Network Super Validators: Who They Are, What They Validate, And Why It Matters
The DTCC just launched tokenized Treasuries, stocks and ETFs on Canton Network, but who actually validates those transactions? This deep dive breaks down Canton's super validator model, the banks and institutions running nodes, and how the architecture differs from public chains. As TradFi pushes harder into tokenization, understanding who controls the rails matters more than ever.
By the Numbers
$23.9 billion: Hyperliquid's market cap after HYPE rose 16.6% following the ICE partnership announcement, making it the ninth-largest cryptocurrency by valuation.
$3.33 billion: Seven-day USDC volume handled by Circle's Cross-Chain Transfer Protocol, more than double the $1.52 billion processed by LayerZero over the same period.
$3.12 billion: Total value of assets secured by Pyth Network oracles, according to DefiLlama data, as the protocol continues to expand its footprint across DeFi.
1,242%: Jump in daily active addresses on Quant Network between September 22 and September 28, reaching nearly 17,000 after the project announced a partnership with The Clearing House.
211%: Growth in Ethena's USDe stablecoin supply on Avalanche over the past 30 days, rising from under $7 million to above $20 million, according to on-chain analytics.
$1.09 billion: Total stablecoin market cap on the XRP Ledger, which climbed back above $1 billion after growing nearly 5% over the past week.
On Our Radar
Stellar surge: MetaMask added Stellar as a default network in its mobile app and browser extension, Privy launched XRP Ledger wallet support, and WalletConnect integrated Stellar ahead of a merchant payment push in Bermuda.
PEPE whales move: Two dormant wallets holding Pepe moved a combined 2.27 trillion tokens worth about $10.19 million, while early whale Dimethyltryptamine.eth bought another 45.08 billion tokens shortly after the Binance hacker finished selling the memecoin.
US macro weight: Thursday's PCE inflation print rose to 3.6% and Q3 GDP beat forecasts, making the case for lower interest rates harder to argue and weighing on crypto traders who typically favour looser monetary policy.
Russia formalizes crypto oversight: The Bank of Russia approved NAUFOR as the country's first self-regulatory organization for crypto exchange operators and custodians, formalizing oversight under the new legal framework.
Until Monday.