Equilibrium is a global developer of decentralised technologies. It design, build, and implement solutions in critical, industry-defining projects for core Web3 infrastructure. That work across three primary commercial activities: Consulting (high value-add engineering services, including end-to-end architectural design and implementation in blockchain and related systems), Venturing (internal studio for diversified, scalable Web3 products and applications through proprietary R&D), and Investing (capital deployment in large-cap liquid tokens and early-stage, illiquid Web3 related companies and technologies).
CryptoQuant analyst Axel Adler Jr. stated that Bitcoin has consistently experienced net outflows from exchanges since September 22, with the current 30-day average net outflow at approximately 1,500 BTC per day, a significant drop from the roughly 3,000 BTC observed a week ago. However, this decline is primarily due to the large outflow data from September 22 falling out of the 30-day tracking window, rather than indicating a new large-scale influx of funds back to exchanges.
According to The Block, crypto market maker GSR has received approval from the U.S. Financial Industry Regulatory Authority (FINRA) to formally complete its acquisition of Portland-based SEC-registered broker-dealer Equilibrium Capital Services, which has now been renamed GSR Securities. Xin Song, CEO of GSR, stated that this acquisition will strengthen its compliant broker-dealer platform in the U.S., with a focus on serving institutional clients. GSR previously disclosed plans to position its business as a “Web3 investment bank”; following the acquisition, it will further expand its tokenized financing services. Additionally, GSR has been highly active this year: in April, it launched the GSR Crypto Core3 ETF on Nasdaq; in March, it acquired token advisory firms Autonomous and Architech, and invested in Libeara—the tokenization platform under SC Ventures; last month, SC Ventures—the fintech investment arm of Standard Chartered Bank—became GSR’s first external shareholder and completed its investment.