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Breaking News
Immutable Chain to Migrate to Optimism's OP Stack by Mid-2027, Halving Block Time to One Second
Immutable plans to move Immutable Chain from its custom-built setup to the OP Stack, the open-source chain framework from Optimism, by mid-2027.
World Liberty Financial Launches WLFI Buyback Program, Citing USD1 Reserve Fees as Funding Source
World Liberty Financial, the decentralized finance project linked to the Trump family, has launched a buyback program for its $WLFI governance token.
Algorand Foundation Drops Plan to Lift ALGO Supply Cap, Pauses Project King Safety
The Algorand Foundation has paused Project King Safety indefinitely, shelving a planned overhaul of the network's fee and rewards model for $ALGO.
Changpeng Zhao Urges iPhone Updates as DarkSword Kit Targets Crypto Wallet Seed Phrases
Binance founder Changpeng Zhao has urged iPhone users to update their phones' software immediately, pointing out that no wallet app can update a phone's operating system for its owner.
What the Markets Think
Bitcoin to hit $75,000 in November: 86.5%.
After Canton's $320 billion RWA footprint and stablecoin supply growth, the crowd is betting on consolidation, not moonshots.
Fed to hike 25 bps in December: 76.5%.
Markets are pricing in tighter money while XRP ETFs bleed and crypto loses its macro tailwind.
Ethereum to hit $2,300 in November: 85%.
Sui's stablecoin supply surge and layer-2 upgrades haven't moved the dial on ETH's November outlook.
The Big Story
Canton Network Accounts for $320.7 Billion of $366 Billion in Represented Assets on RWA.xyz
Canton Network accounts for about $320.7 billion of the $366 billion in "represented" tokenized assets tracked on rwa.xyz, putting the institutional blockchain network far ahead of all other chains combined.
The figure reflects Canton's role as a settlement layer for major financial institutions tokenizing traditional assets, including equities, bonds and fund shares.
While Sei Network's tokenized US Treasury holders grew 41% and Ondo prepares tokenized Anthropic shares, Canton's dominance underscores the bifurcation of crypto: public chains chasing retail DeFi, and permissioned networks capturing the real money.
Top Stories
Sui Network Stablecoin Supply Tops $500 Million as USDC Share Reaches Roughly 65%
Stablecoin supply on Sui Network has risen by about 18.1% over the past week to more than $500 million, with Circle's $USDC accounting for roughly 65% of the total.
The growth comes as the layer-1 chain pushes deeper into DeFi and payments infrastructure.
The $500 million mark puts Sui ahead of several established chains in stablecoin adoption, though still far behind Ethereum, Tron and Solana.
Germany Accounts for 122 of 394 MiCA-Licensed Crypto Firms in ESMA Register
Germany is home to almost a third of the crypto firms licensed under the European Union's Markets in Crypto-Assets Regulation (MiCA).
The EU register now lists 394 licensed providers, and 122 of them are based in Germany.
France follows with 36 and the Netherlands with 29.
Germany's regulatory infrastructure and cooperative bank network have made it the EU's de facto crypto capital under MiCA.
Cardano PRIME Program Allocates 120M ADA to Raise DeFi TVL Above $200 Million
Alpha Growth is rolling out Cardano PRIME, a 12-month incentive program backed by a 120M $ADA allocation designed to push Cardano's DeFi total value locked above $200 million.
The program targets liquidity provision, staking and lending protocols across the Cardano ecosystem.
Cardano has struggled to gain DeFi traction despite consistent development, and the 120M ADA budget signals a more aggressive push to compete with Solana, Avalanche and other smart-contract platforms.
Deep Dive of the Week
Banks and Firms Behind Canton Network
Canton Network's $320 billion RWA footprint didn't materialize from thin air. This deep dive maps the consortium of banks, asset managers and infrastructure providers powering the institutional blockchain, from Goldman Sachs and BNY Mellon to DTCC and Cboe. If you want to understand where the real money is flowing in tokenized finance, start here.
By the Numbers
$320.7B: Canton Network's share of the $366 billion in represented tokenized assets tracked on rwa.xyz, dwarfing all other chains combined.
120M ADA: The allocation backing Cardano's PRIME program to lift DeFi TVL above $200 million over 12 months.
122 of 394: Germany's share of MiCA-licensed crypto firms in the EU register, putting it far ahead of France (36) and the Netherlands (29).
$500M+: Sui Network's stablecoin supply after an 18.1% weekly jump, with USDC holding roughly 65% market share.
41%: Three-month growth in Sei Network's tokenized US Treasury holder count, signaling accelerating RWA adoption.
16.7%: Pearl's 24-hour gain to $1.86, leading the crypto top 100 and extending its 30-day advance to 32%.
On Our Radar
Bitwise NEAR ETF outflows: After a strong launch, the first US spot NEAR ETF has cooled, with NRR recording net outflows in recent sessions as crypto markets weaken and cumulative inflows stand at $80.45 million.
XRP ETFs flat: Spot XRP ETFs posted zero net inflow days this week, logging a cumulative $530K outflow as demand for the products faded alongside broader market softness.
Unflat MoonPay integration: Milan-based fintech Unflat integrated MoonPay Enterprise, letting EU savers fund non-custodial yield accounts with Apple Pay, debit cards or SEPA transfers and earn up to 7% APY on euro deposits.
Sei v6.8 code cleanup: Sei Labs says the next network release, v6.8, will shrink core code by 165,000 lines ahead of the Giga upgrade, streamlining the codebase for higher throughput and faster block times.
Until tomorrow.