News linked to this event type.
Odaily reports: Prediction market operator Underdog has partnered with crypto infrastructure provider zerohash, planning to support cryptocurrency and stablecoin deposits later this year. Eligible users will be able to deposit supported digital assets directly through the Underdog app, with the service supporting around-the-clock near-instant transfers.Underdog has not yet disclosed which specific cryptocurrencies or stablecoins will be supported. The new deposit method will complement debit cards, credit cards, Apple Pay, and bank transfers, eliminating the need for users to manage wallet addresses or select blockchain networks.Founded in 2020, Underdog currently has over 11 million registered accounts. IG Group has agreed to acquire the company for up to $1.3 billion, with the deal expected to close in late 2026 or early 2027; in the 30 days ending October 21, Underdog's trading volume reached $1.4 billion, up 133% from the previous period. (Cointelegraph)
a16z co-founder and crypto business lead Chris Dixon announced that a16z Crypto will be renamed a16z Frontier, expanding its investment scope from crypto startups to a broader range of frontier technology sectors, with a focus on supporting companies developing new technologies, creating new markets, and potentially facing longer commercialization cycles. Dixon stated that this adjustment represents business expansion rather than an exit from the crypto space; the fund will continue to invest in crypto and related projects and promote sound crypto regulatory policies. The new fund will also focus on AI and the new products and markets it spawns, including autonomous machines, hardware-software integrated startups, and new types of networks connecting humans and agents.Dixon believes that blockchain will play an important role in this round of technological transformation, that stablecoins are becoming a common tool for fintech companies and traditional institutions, and that blockchain is also expected to support machine-to-machine transactions and provide native economic capabilities for new types of networks. The fund will be jointly led by Dixon, Marc Andreessen, Ben Horowitz, along with Eddy Lazzarin and Guy Wuollet.
Jin10 Data released the economic calendar for October 23, covering Japan's core CPI, initial manufacturing PMI readings in Europe and the US, the final US Michigan Consumer Sentiment Index, and other data.
Odaily reports: GMGN co-founder Haze posted that GMGN's in-house cross-chain bridge is currently undergoing limited-scale testing with increased volume, with a focus on ensuring fast, secure, and stable transactions.Haze stated that once this feature launches, users will be able to purchase tokens across multiple blockchains directly within the GMGN App using USDC.
QuickSwap announced that its deployed interface on the Soneium network will cease operations on December 31, 2026, and advises liquidity providers and other users to withdraw their assets and liquidity positions via the interface before this date. QuickSwap stated that after the interface is discontinued, users can still recover their assets through the official Soneium block explorer. The project team has also published a list of accounts holding liquidity positions on Soneium for verification.
QuickSwap has announced that its deployment interface on Soneium will cease operations on December 31, 2026. QuickSwap urges all liquidity providers and users on the chain to withdraw their assets and LP positions directly through the interface before that date; after the interface is closed, users can still recover their assets on their own via the official Soneium block explorer.
GMX 🫐 posted on X that it has opened the Builder Fees mechanism on Solana, allowing third-party developers to build trading interfaces, route orders, or create automation tools and charge fees from each position order submitted by users. Developers need to publish fee rates on-chain, and traders sign the rate in each order; the fee is added on top of the standard trading fee and calculated based on position changes. For example, when a position is increased by $1,000 and the fee rate is 0.01%, $0.10 is charged, with final settlement to the developer's claim vault. Orders submitted through developer interfaces will use the same liquidity pools, oracle prices, and price impact rules as other orders. Builder Fees apply to market and limit orders for increasing positions, decreasing positions, and stop-loss position reductions, but do not apply to swaps, liquidations, or ADL.
According to an official announcement, OKX will officially launch the USD-margined X-Perp contract (X-Perp) on its website, App, and API at 23:10 (UTC+8) on October 22, 2026. Trading for IBMUSD UM (X-Perp) will open at 23:10 (UTC+8) on October 22, 2026.
Lending protocol Morpho announced that Robinhood stock tokens are now live on Morpho, allowing users to use stock tokens as collateral to borrow stablecoins. Any application can integrate with the credit market for stock tokens, with Morpho serving as the credit network and Robinhood Chain, under Robinhood Crypto, providing the tokenization infrastructure.
Odaily reports: S&P Global Ratings released a report on Thursday, assigning UK digital bank Revolut a BBB+ investment-grade rating for the first time, and expects the company to issue senior unsecured bonds in 2027 to build a debt buffer capable of absorbing potential losses and meeting regulatory requirements. The report noted that Revolut's balance sheet has exceeded £40 billion (approximately $53.5 billion); should the bank fail, the Bank of England could push for a restructuring in which investors would bear corresponding losses.S&P expects that as Revolut expands its unsecured retail lending business and launches mortgage products, its loan portfolio will double in 2027 and double again in 2028. S&P believes that Revolut has a strong consumer brand, a scalable technology platform, and increasingly diversified products, but its share of primary banking relationships remains lower than that of traditional banks, and rapid global expansion could also exacerbate operational complexity and compliance risks. BBB+ is among the lower tiers of S&P's investment-grade ratings. (Bloomberg)
Uniswap Labs has announced the launch of Aggregator Hooks, bringing aggregation capabilities to Uniswap v4. The mechanism uses Hooks to wrap external liquidity sources as v4 pools and is now live on the Uniswap web app and API, covering Ethereum mainnet, Base, and Robinhood Chain. On the first day, it supports 7 external sources including Curve, Fluid, and PancakeSwap, with more networks to be added gradually. Per-block routing will fetch the latest quotes from integrated sources, build the optimal path between Uniswap pools and external sources, and settle within a single transaction without requiring new approvals; the related swaps will incur a protocol fee, which will be used for UNI burning.
Odaily reports: Bitcoin News posted on X platform that users running Eclair Lightning nodes should upgrade to v0.14.5. ACINQ released two versions within 5 days: v0.14.4 on October 15 fixed a vulnerability where malicious websites exploited browser-cached API login credentials to trigger payment and channel operations; v0.14.5 on October 20 fixed vulnerabilities in the node's peer layer, which developers said could allow channel partners to steal funds or interfere with payments. No fund losses have been reported so far. After the update, the browser dashboard will no longer be able to communicate directly with the node API.
BNB Chain has announced that the Jenner hard fork upgrade will go live on the BNB Smart Chain testnet on October 28. This upgrade will introduce the Payment Lane feature, which reserves 5% of block Gas capacity by default for eligible payment transactions; support for millisecond-level block timestamps in smart contracts; and functional support for the new compliant asset standard CAS20, with specific arrangements for the rollout of related features to be announced separately.BNB Chain reminds validators, node operators, block builders, and application developers to prepare for the upgrade in advance. Testnet node operators must switch to a compatible client before the upgrade is activated, while developers should check the impact of these changes on applications and development tools.
In a research report released on Thursday, DWF Labs pointed out that daily fund flows of U.S. spot Bitcoin ETFs are poor predictors of Bitcoin's subsequent price movements, as investors tend to buy after prices rise and withdraw funds when prices fall. The study covered 694 trading days since the launch of U.S. spot Bitcoin ETFs in January 2024: in the 8 instances where Bitcoin's price dropped by 15%, net ETF outflows occurred 7 times; while in all 9 instances where prices rose by 15%, net inflows occurred. DWF Labs concluded that ETF fund flows are more of a confirmation of market trends rather than a leading indicator.Data shows that the correlation coefficient between same-day ETF fund flows and Bitcoin price changes over the previous 5 trading days was 0.54, but the correlation coefficient with price changes over the subsequent 5 trading days was only 0.03. Between October 2025 and February 2026, Bitcoin ETFs saw net outflows of approximately $6.9 billion, and during the market downturn from May to June 2026, net outflows reached approximately $8.2 billion. DWF Labs also noted that some ETF trading may involve hedging strategies that combine buying fund shares with shorting Bitcoin via CME futures, meaning fund flows do not directly reflect investors' true bullish or bearish positions. (Cointelegraph)
According to CoinDesk, Ethereum researchers have proposed an upgrade draft that aims to shorten the transaction finality time from the current approximately 16 minutes to about 4 minutes, reducing the capital lock-up costs for cross-chain transfer services. Submitted by Fast Finality Research Coordinator Ben Edgington and others, the proposal remains in the draft stage with no specific implementation timeline yet.
Odaily reports: X Pay, a payment infrastructure provider for AI agents and APIs, has announced the completion of a $1 million financing round. Investors include DCI, Credit Scend, Skyland Ventures, Zerra Ventures, and 9 institutions in total. The funds from this round will be used to expand supported blockchain networks, conduct independent security audits, launch an API marketplace, and prepare for EU compliance requirements (including MiCA). (financewire)
According to The Block, US fintech company SoFi Technologies has launched an interest-bearing tokenized deposit product for crypto users called SoFi Earn (SOFIE), offering an annual percentage yield of 4.4% and FDIC deposit insurance coverage within applicable limits. Users can access the product via SoFi Crypto and redeem SOFIE for the SoFiUSD stablecoin at a 1:1 ratio, which can be used to purchase cryptocurrencies or transferred to supported external wallets.
Odaily reports: Fintech company SoFi has launched SoFi Earn (SOFIE), calling it the first tokenized deposit from a nationwide U.S. bank offered to consumers. Each SOFIE corresponds to $1 in SoFi Bank deposits, with holders earning a 4.40% annual percentage yield, and funds covered by Federal Deposit Insurance Corporation (FDIC) insurance up to applicable limits.Users can convert SOFIE 1:1 into SoFiUSD, then use it to purchase cryptocurrencies within the SoFi app, or transfer U.S. dollars around the clock via blockchain networks. SoFi stated that the product is designed to allow digital dollars to continue generating yield before they are used.SoFi Earn is the fifth crypto product SoFi has launched in under a year. SoFi resumed cryptocurrency trading in late 2025 and currently supports trading of more than 40 tokens; its SoFiUSD is already deployed on Ethereum and Solana and is used to settle all of SoFi's card programs. (Decrypt)
Indian crypto exchange CoinDCX has released an update on the on-chain activity of the TQKJQ wallet, stating that following the July 2025 security incident, some previously generated deposit addresses were compromised and deactivated, yet some users continued to transfer crypto assets to these expired addresses. The platform would normally periodically sweep such funds for accounting and safekeeping purposes, but the relevant process failed for a period of time and was discovered this morning, resulting in certain operational losses for the platform, which CoinDCX will bear.CoinDCX stated that despite users depositing to expired addresses, the accounts of affected users have all been credited accordingly. The platform said user funds remain safe, customer assets continue to be held in separate cold wallets, the active addresses currently used by the platform and users are unaffected, and platform funds in active wallets have not been compromised. Currently, the CoinDCX platform and all trading activities are operating normally. The platform reminds users to verify the latest deposit addresses through the official app or website to avoid transferring funds to deactivated addresses.
AI infrastructure startup Fireworks AI is in preliminary talks for a new funding round, targeting a valuation of $30 billion to $40 billion, a potential increase of up to 10x from its $4 billion Series C valuation in October 2025. The negotiations are still at an early stage, and the target valuation may change. The company declined to comment, and the report did not disclose the size of the round.Fireworks AI was founded in 2022 by engineers from Meta's open-source AI framework PyTorch team, and provides enterprises with services to customize and deploy open-source models based on their own data. In July 2026, the company announced the completion of a $1.505 billion Series D at a valuation of $17.5 billion, saying its annualized revenue had surpassed $1 billion and its daily token processing volume had grown from 15 trillion at the time of its previous funding round to more than 40 trillion. If the proposed valuation reaches $40 billion, it would be equivalent to roughly 40 times its previously disclosed annualized revenue. (Business Insider)