This week, the market capitalization increased by +2.23%while volume and volatility indices fell by -24.51% And -58.21%respectively.
Decentralized finance (DeFi) perpetual transaction (perps) volume surpassed US$1 trillion, reaching $1.3 trillion in October. This represents a significant increase from the record $762 billion reached in August. Although centralized exchanges (CEXs) still dominate in terms of trading volume, DeFi platforms are gaining ground with a more compatible user experience and high leverage that attracts speculative traders.
- Trump Media and Technology Group Corp. (Trump Media), operator of Truth Social, announced a partnership with Crypto.com to introduce prediction markets to its platform, making it the first social media platform to offer built-in prediction market capabilities. This integration will allow users to trade prediction contracts on events such as political elections, sports and economic indicators using real-time data.
- EthereumFusaka’s next upgrade completed its final test on the Hoodi testnetmarking a significant step towards the launch of its mainnet. The upgrade aims to improve scalability and reduce costs by introducing PeerDAS, which allows validators to process only segments of data instead of complete “blobs.”
- IBM unveiled Digital Asset Havena platform designed to help banks, governments and large corporations manage digital assets securely across multiple blockchains. The platform offers custody, transaction routing, settlement and compliance tools, such as identity verification and anti-money laundering (AML) controls, with a SaaS version expected to launch in the fourth quarter of this year.
- Circlethe L1 blockchain of, Bow, was posted on a public testnet with the participation of more than 100 companies, including BlackRock, Visa and Amazon Web Services (AWS).
- Western Union plans to launch the stablecoin US Dollar Payment Token (USDPT) on the Solana blockchainin partnership with Anchorage Digital, a regulated digital asset bank.
- Pavel Durov, founder of Telegram announcement Cocoona decentralized AI computing network built on the TON blockchain, which will pay GPU owners in Toncoin (TON) to provide private AI computing. The network aims to challenge centralized AI providers like AWS and Azure by offering a privacy-focused, user-focused alternative where individuals can contribute computing power and earn crypto.
- Jupitera DEX aggregator based on Solana, launched a beta version of its prediction market in partnership with Kalshiaiming for full rollout by Q4 2025. The platform allows users to bet on real-world events, with Kalshi providing liquidity.
- Securitize And BNY Mellon launched a tokenized fund backed by AAA-rated collateralized loan obligations (CLOs), aimed at bringing high-quality credit assets on-chain. Grove, an institutional-grade credit protocol, plans to anchor the fund with a $100 million allocation.
- Japan launched its first yen-backed stablecoin, JPYCdeveloped by fintech company JPYC. The stablecoin is backed by bank deposits and government bonds and has attracted interest from seven companies who plan to integrate it into their services.
- Consensysthe parent company of MetaMask, has reportedly hired JPMorgan and Goldman Sachs to lead its initial public offering (IPO)according to Axios.
- Blockchain L1 Monad launched its airdrop reveal eventallowing eligible participants to unlock token rewards through interactive and community activities.
- Ethereala DEX built by Ethena Labs, launched its alpha on the mainnetallowing a select group of users to trade using Ethena’s USDe stablecoin.
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