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Analysis: After the Binance Hack, Bitcoin Fell Only About 2%, Far Below the 26% Drop After FTX

21Shares has released an analysis report on the Binance hack, stating that on October 29, Binance suffered an attack of approximately $6.3 billion, of which about $3 billion in stolen assets have now been frozen, and Binance has committed to bearing all losses. Within 24 hours after the incident, Bitcoin fell slightly more than 2%, significantly lower than the roughly 26% decline Bitcoin experienced after the FTX incident in November 2022. 221Shares emphasized that this incident was a security breach affecting Binance as a single company, and that the Bitcoin network itself was not attacked. Binance stated that it will cover all losses through the SAFU fund and corporate funds. Calculated at a Bitcoin price of approximately $78,509, the 15,000 BTC held by the SAFU fund is worth about $1.18 billion, which can cover about 36% of the losses on unfrozen assets, with the remaining portion to be borne by corporate funds. The report also mentioned that Chainalysis has high confidence that the attack is linked to North Korea, but Binance and government agencies have not yet officially confirmed the attribution.In addition, 21Shares stated that the assets of its physically backed ETPs and ETFs are held in cold storage by third-party custodians such as BitGo, Coinbase Custody, Anchorage Digital, and Zodia Custody, and are not kept in exchange accounts. Therefore, they were not affected by this incident, and all of the company's products are trading normally.

USAT is independently issued by Anchorage, GENIUS Act approval process not yet initiated

Odaily reports: USAT is independently issued by Anchorage Digital Bank, N.A., with Tether providing technology and supporting branding, strategy, and distribution. Anchorage's disclosure states that Tether is not the issuer of USAT and has no obligation to redeem or guarantee the token; USAT and USDT are different products with different issuers and legal arrangements.Anchorage's terms only allow approved customers to directly mint or redeem USAT, while other holders typically need to trade through exchanges or the secondary market. Its August 31, 2026 reserve report shows approximately 175.7 million redeemable USAT in circulation, corresponding to approximately $176.4 million in reserve assets.The GENIUS Act took effect on July 18, 2025, with its main issuance framework set to be implemented on January 18, 2027. The U.S. Office of the Comptroller of the Currency (OCC) published the main implementing rules on October 21, 2026; as of October 27, the OCC had not yet initiated the application process, and public materials do not indicate that USAT has obtained issuance approval under the Act. (Bitcoin.com News)

Anchorage Digital Bank Provides Six-Blockchain Custody for MXNB, Bitso Lists USDPT and USAT

Odaily report: Federally regulated digital asset bank Anchorage Digital Bank has expanded its partnership with Bitso to provide custody services for MXNB across six blockchains: Arbitrum, Base, Ethereum, Polygon, Avalanche, and Arc. Bitso stated that its infrastructure already processes 15% of transaction volume on the U.S.-Mexico remittance corridor.Bitso has also listed the U.S. dollar stablecoins USDPT and USAT, issued by Western Union and Tether respectively. Mexican users can directly buy and sell USDPT with pesos through the Bitso app; Western Union agents operating Bitso Business accounts can also exchange USDPT for other supported currencies. (Bitcoin.com News)

Tether Partners with Kraken, Bybit and Others to Establish FASE Foundation, Aims to Provide Humanitarian Aid to Up to 1 Million People via Stablecoins

Odaily Report: Tether has announced the establishment of FASE (Financial Access and Systemic Empowerment Foundation), a Swiss nonprofit foundation focused on four key areas: financial security, financial inclusion, access to resources, and responsible AI and robotics technology. Founding parties include Tether, Kraken, Bybit, the Solana Foundation, Chainalysis, and Anchorage Digital, among other institutions.FASE's first batch of projects includes a partnership with youth platform Goodwall, planning to provide digital education and anti-fraud tools to up to 10 million young people, with a focus on Africa, Latin America, and Southeast Asia; and a pilot with Prosper Global to distribute humanitarian aid via stablecoins, initially covering up to 1 million people.In addition, FASE will collaborate with the United Nations Trust Fund to support civil society organizations in multiple African countries that provide assistance to survivors of human trafficking.

Western Union Chooses Noah to Build Global Stablecoin Payment Network Covering Over 200 Countries and Regions

According to a Noah announcement, Western Union has selected it as its global stablecoin payment infrastructure provider, deploying an underlying on-chain banking network for the Receiver Redirect service that supports over 60 currencies across more than 200 countries and regions. Built on Western Union’s US dollar stablecoin USDPT (issued by Anchorage Digital Bank on Solana), the service leverages Noah’s infrastructure to handle pre-funding, conversion, and fund disbursements. Users can remit funds through Western Union’s global network of over 500,000 agent locations, while recipients can receive USDPT into their Western Union wallets and store related stablecoin assets via Stablecard.

Spout Finance Completes $2 Million Strategic Funding Round with Participation from Draper Dragon and Others

Odaily News: Spout Finance announced the completion of a $2 million strategic funding round, with participation from Draper Dragon, Anchorage, Flow Traders, Vessel Capital, Solayer, 2Square, and Bering Waters Group, among others, as well as strategic support from Solana Labs. The project's main business is providing Solana-based DeFi lending services, enabling users to borrow stablecoins such as USDC using their tokenized US stocks as collateral, without paying interest.

Over $500 Million in Capital Committed, Hashi Mainnet to Begin Phased Launch This Month, Anchorage Joins as Launch Partner

Odaily Report: Sui announced on X that the Hashi mainnet will begin its phased launch this month, with over $500 million in capital already committed. Anchorage will join as a launch partner, providing qualified custody services and stablecoin liquidity for Hashi.

Anchorage Digital Acquires Routable, Bringing Stablecoin Settlement into Enterprise Payment Channels

Odaily News: Anchorage Digital has announced the acquisition of B2B payment platform Routable, with the transaction amount undisclosed. Through its developer-first API, Routable helps businesses onboard and verify payees, automates tax and compliance processes, and enables batch payments to creators, contractors, and sellers across more than 220 countries, supporting both fiat and stablecoin payments. Anchorage Digital stated that its clients will expand from crypto-native companies to traditional financial institutions entering the digital asset space, as well as large tech enterprises and Fortune 500 companies with significant payment needs. Routable will operate under a new brand, with stablecoin and tokenized deposit products expected to launch in the coming quarters.

Puffer Partners with Anchorage Digital to Provide Institutional Custody and Stablecoin Settlement Infrastructure for UniFi

Odaily News: Puffer has announced a partnership with Anchorage Digital, which will become the institutional-grade custody provider for Puffer UniFi on its launch day. The two parties will also collaborate in areas including stablecoin infrastructure, native settlement, institutional payments, and AI Agent payments.According to the announcement, the two parties will support the issuance and native settlement of stablecoins on Puffer UniFi, with Anchorage Digital responsible for providing institutional custody and related payment infrastructure, while Puffer UniFi provides high-throughput execution, real-time settlement, and access to Ethereum liquidity.Additionally, Anchorage Digital's AI Agent payment infrastructure for financial institutions and registered merchants will utilize Puffer UniFi for stablecoin settlement, enabling software agents to autonomously initiate payments and complete on-chain settlement within an institutional-grade framework.

Anchorage Digital Bank Begins Custody of Physical Uranium Token, xU3O8 Market Cap Around $9 Million

Odaily News: Anchorage Digital Bank N.A., the first federally chartered crypto bank in the United States, began offering xU3O8 custody services to institutional clients on September 16, 2026. The token is backed by physical uranium concentrate (yellowcake), with the relevant uranium materials stored at Cameco facilities and beneficial ownership held through a UK trust structure.xU3O8 is issued by Uranium.io, with UK regulator Archax serving as trustee, and the underlying assets mapped through the Etherlink network. Cameco is responsible for safeguarding the physical uranium in certified facilities and regularly publishes reserve proof audit results.Anchorage Digital Bank N.A. is regulated by the Office of the Comptroller of the Currency (OCC), and its clients can include xU3O8 in the same segregated, bankruptcy-remote accounts as Bitcoin and cash equivalents. Currently, xU3O8 is priced at approximately $5.66 per unit, with a total market cap of about $9 million. (Bitcoin.com News)

Anchorage Digital Bank Adds Custody Support for Etherlink and Tokenized Uranium xU3O8

Odaily reports: Anchorage Digital Bank, the first federally chartered crypto bank in the United States, has added custody support for Etherlink and 7 assets on its network, including xU3O8, a token representing ownership of physical uranium.The other supported assets include WXTZ, liquid staking token stXTZ, USDT, USDC, USDSM, and WETH. Institutional clients can custody assets issued on Etherlink, a Tezos Layer 2 network, through the bank's segregated accounts. (Cointelegraph)

Anchorage Digital Introduces Institutional Channel for Frgmnt Stablecoins

Anchorage Digital has announced support for the fUSD and sfUSD tokens issued by the Frgmnt Protocol, allowing institutional clients to directly conduct deposits, withdrawals, and staking through its custody platform. Frgmnt plans to open public access on September 15.

Anchorage Digital Partners with Frgmnt to Open fUSD and sfUSD Stablecoin Infrastructure to Institutions

Odaily News: Stablecoin protocol Frgmnt has partnered with digital asset custody and infrastructure company Anchorage Digital to open fUSD and sfUSD infrastructure to institutional clients. Clients can hold, mint, stake, and redeem the related protocol assets within Anchorage Digital's existing custody environment without needing to establish separate custody arrangements.Frgmnt issues two related assets on Base, with fUSD minted from USDC and deployed to designated onchain lending markets; users can stake fUSD to receive sfUSD and earn rewards generated by the protocol's strategies. Related holdings and performance metrics can be monitored through Frgmnt's analytics tools, Dune, and DefiLlama.Anchorage Digital operates Anchorage Digital Bank, the first federally chartered crypto bank in the United States, providing custody, staking, trading, and settlement services to institutional clients. Frgmnt stated that protocol deposits will be opened in capped batches, with the next round of deposits planned for September. (Bitcoin.com News)

Anchorage Digital supports Robinhood Chain asset custody.

According to The Block, Anchorage Digital has added support for Robinhood Chain, enabling institutional investors to custody tokens, tokenized debt securities, and real-world assets issued on the layer-2 network through this federally chartered crypto bank.

Virtu Financial, M1X Global, and Tradeweb Complete First On-Chain Repo Transaction Using Sovereign Digital Bond as Collateral in Under 10 Minutes

Odaily News - Financial services firm Virtu Financial, M1X Global, and electronic trading platform Tradeweb have completed an on-chain repo transaction using the Republic of the Marshall Islands' USDM1 sovereign digital bond as collateral. The entire transaction was executed on the Canton Network and settled in under 10 minutes.USDM1 is a U.S. dollar-denominated, on-chain issued sovereign bond, backed 1:1 by short-term U.S. Treasuries. It pays a coupon while serving as collateral and constitutes a fully collateralized sovereign obligation under New York State law. The parties involved stated that this is the first repo transaction combining natively issued sovereign collateral with fully on-chain atomic settlement.USDM1 is available for electronic trading via Tradeweb, with institutional custody services provided by Anchorage Digital, BitGo, and tZERO. The Canton Network is designed for institutional finance, featuring privacy and permissioning mechanisms for regulated transactions and tokenized assets. (Cointelegraph)

Analysis: The Era of "Bitcoin vs. Banks" Is Ending, Trillion-Dollar Financial Institutions Accelerate Crypto Adoption

Odaily News: As Wall Street and global financial institutions accelerate their entry into the digital asset space, the boundaries between traditional finance (TradFi) and decentralized finance (DeFi) are gradually blurring. Bitwise CEO Hunter Horsley stated that the era of "going long Bitcoin and short bankers" is over, and financial institutions are pivoting to the other side of the crypto industry, driving digital asset adoption.Hunter Horsley noted that this summer, two financial institutions, each managing over $1 trillion in assets, approved the launch of crypto products in a bear market environment, showing that large institutions are expanding client access to digital assets. "Everyone put on the crypto jersey this year. Now, everyone is working for the crypto industry," Horsley said. He pointed out that these institutions, managing over a trillion dollars in client assets, would not have opened such services during the 2022 crypto market downturn, but are now actively embracing this sector.Fabian Dori, Chief Investment Officer at Sygnum, also believes the relationship between banks and the crypto industry has undergone a structural shift. "The trade of 'going long Bitcoin and short bankers' is over. Banks have moved from resisting digital assets to building, supporting, and distributing them through custody, tokenization, and compliant trading," a change driven primarily by growing client demand and gradually clarifying regulatory rules, rather than short-term market cycles.Nathan McCauley, CEO of Anchorage Digital, said that over the past two years, its client base has increasingly reflected the convergence of traditional and crypto finance. Large financial institutions typically choose to partner with specialized crypto infrastructure companies rather than building their own technology systems.In recent years, a growing number of financial institutions have entered the crypto space, including Swissquote, DBS Bank, BBVA, BNY Mellon, Credit Suisse-affiliated entities, as well as Morgan Stanley and Charles Schwab. (CoinDesk)

Sharplink Expands ETH Treasury Strategy, Staking $200 Million in ETH with Lido

Odaily News: Ethereum treasury company Sharplink (Nasdaq: SBET) announced it will stake $200 million worth of ETH through Lido, Ethereum's largest liquid staking protocol, to enhance returns on its ETH holdings.Sharplink stated that following this staking, the company will receive wrapped staked ETH (wstETH), which represents staked ETH and its rewards, with institutional-grade digital asset custodian Anchorage Digital responsible for custody. This allocation will further expand Sharplink's existing ETH staking and restaking strategies.Lido is currently one of Ethereum's largest liquid staking protocols, with approximately $16.5 billion in ETH staked on the platform. Its wstETH token has been integrated by over 100 protocols, with roughly $10 billion currently used as DeFi collateral. While holding wstETH, users' underlying ETH continues to accrue staking rewards and can still be utilized within the Ethereum DeFi ecosystem.Sharplink CEO Joseph Chalom stated that introducing Lido will further enhance the productivity of the company's ETH assets, leveraging wstETH's composability while maintaining institutional-grade risk management standards. This collaboration will strengthen the diversification of the company's treasury strategy and provide access to one of the most liquid and widely used assets in the Ethereum DeFi ecosystem.Vasiliy Shapovalov, Executive Director of the Lido Labs Foundation, stated that Sharplink's increased use of Ethereum's native staking protocols and DeFi ecosystem reflects its support for the Ethereum application ecosystem. (Globenewswire)

Crypto Companies Send Joint Letter to AI Labs, Urging Access to Frontier Models for Bitcoin Developers

据 Cointelegraph 报道,比特币政策研究所(BPI)联合 Anchorage Digital、BitGo、Bitwise、Blockstream、Kraken、Ledger、MARA、Trezor 等多家加密机构,发布公开信敦促各大前沿 AI 实验室为比特币及开源软件开发者建立或扩展可信访问计划。 信中指出,Bitcoin Core 等开源维护者目前缺乏对 AI 实验室网络安全程序的访问渠道,被迫依赖能力较弱的开源模型,而比特币网络当前保护着逾 1 万亿美元资产,任何开源基础设施漏洞均可能危及用户毕生积蓄。BPI 同时披露,已收到多份报告显示包括潜在境外势力在内的复杂攻击者正借助先进 AI 能力持续发动攻击。

Western Union Launches Stablecard in 37 Markets, Integrating USDPT Remittances

Western Union has partnered with stablecoin infrastructure provider Rain to launch Stablecard, a digital wallet and Visa-branded card that enables users to hold and spend US dollar-pegged stablecoins. The product is now available in 37 markets, with Western Union planning to expand to more than 60 markets by the end of this year. Stablecard supports USDPT, a US dollar-pegged stablecoin issued by Anchorage Digital Bank and running on the Solana blockchain. Users can directly receive Western Union remittances and transfer funds to compatible crypto wallets and exchanges. Users can also spend their balances at all Visa-accepting merchants, as well as through Apple Pay and Google Pay. Western Union also unveiled USDPT in May and expanded its ecosystem through exchange partnerships in June.

Western Union officially launches Stablecard stablecoin payment card, initially covering 37 markets

Odaily News: Global remittance giant Western Union has announced the official launch of Stablecard, built on Rain's stablecoin infrastructure. Users can directly receive USDPT, a stablecoin issued by Western Union and minted on Solana via Anchorage Digital Bank, and spend instantly at Visa-accepting merchants worldwide through the integrated Visa card, or choose to withdraw cash. Stablecard initially covers 37 markets, with Western Union planning to expand to over 60 markets by the end of the year. The company stated that stablecoins will help reduce upfront capital requirements for cross-border remittances, improve capital efficiency, and support the launch of additional digital financial services.