TREE NEWS update: Upbit is suspending digital asset deposits and withdrawals of 1 million Korean won or more with BitMEX starting October 16, after BitMEX terminated its connection to the Travel Rule solution VerifyVASP. Transfers below the 1 million won threshold remain supported. The measure applies only to transactions between the two exchanges.
TREE NEWS reports: About 18,000 BTC options worth a notional $1.47 billion expire today, with a put/call ratio of 1 and a max pain point of $83,000, Greeks.live researcher Adam said. The expiry equals roughly 4.5% of bitcoin options open interest. Implied volatility sits near 35%, indicating extremely low expected price swings and continued caution among options buyers.
TREE NEWS reports: Capital B reported a wider first-half net loss of $78 million, attributing roughly €67.5 million ($75.9 million) of the loss to an additional bitcoin impairment charge. The bitcoin-holding company’s results reflect the impact of marking down its digital asset holdings.
TREE NEWS reports: Injective’s INJ token rose more than 23% on October 16 to $9.16, extending a roughly 70% monthly gain, as perpetual futures open interest climbed by $35 million in days. Three firms — 21Shares, Canary Capital and REX-Osprey — have filed with the SEC for spot and staked INJ ETFs, and Canada-listed Pineapple Financial said it will move a $10 billion mortgage portfolio on-chain to Injective. Injective’s institutional arm obtained SEC transfer agent registration on August 19.
TREE NEWS update: A Solana event in Shanghai has been postponed after registrations quadrupled overnight, far exceeding the cap the organizers had filed with local authorities. Organizers said they could not prevent crowds from flooding the venue, and the event will be rescheduled once a larger venue can accommodate participants. No new date has been announced.
TREE NEWS reports: Bitcoin’s market cycle signals tool shows BTC price action copying historical patterns, possibly preparing to reclaim a key moving average before testing new highs, CryptoQuant said. The on-chain analytics firm’s tool indicates the current cycle may mirror past behavior in which BTC first recovered a long-term trend line and then pushed to fresh records.
TREE NEWS reports: Hardware wallets store cryptocurrency private keys offline, keeping them out of reach of online attacks. Devices from Ledger, Trezor and other makers are used to secure holdings in Bitcoin and Ethereum. The explainer covers how cold storage works and why it is used to protect digital assets.
TREE NEWS update: Solana has postponed its Shanghai event, citing a surge in registrations. The official tour site still lists three more China stops, but registration pages for Hangzhou, Shenzhen and Beijing show sign-ups closed. No new date was given.
TREE NEWS update: UMX (The Unified Market Exchange), a crypto-friendly securities platform incubated by Li Lin’s Avenir Group, officially launched on October 16. The platform lets global professional investors trade real Hong Kong and US stocks, ETFs, US equity options and crypto assets under a unified account with cross-asset margin. UMX said it received 788 pieces of product feedback during its public beta from August 10, with 89 requests implemented in the official release.
TREE NEWS reports: Elon Musk demonstrated Tesla’s Roadster 2 flying car in Texas on October 16, with production not due until 2028. The event triggered a wave of related meme coins, led by a Solana token trading around $0.0066 with a $6 million market cap and $31 million in 24-hour volume. Hyperliquid data showed TSLA on-chain contracts up 4.8% at about $377.8, with $158 million in 24-hour volume.
TREE NEWS reports: Bitcoin’s transition to quantum-resistant cryptography would extend beyond the network itself to wallets, exchanges, custodians and tokenized assets, with proposals such as BIP-360 still under developer exploration and coordination potentially taking years. Wrapped Bitcoin, with 116,000 WBTC in circulation backed by about $9.5 billion in bitcoin, plans to migrate to new Custodian Bitcoin Deposit Addresses and has said it is exploring a multi-custodian reserve model.
TREE NEWS update: Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Trust and Banking, and TISI said they ran a proof-of-experiment from July 17 to 23, 2026 in which multiple banks jointly issued a stablecoin for cross-border payments. The three banks acted as joint issuers and Mitsubishi UFJ Trust as trustee, testing issuance, transfer and redemption for settlements between Mitsubishi Corporation’s Japan and overseas bases. The banks said the trial confirmed system security and the feasibility of the multi-bank issuance model.
TREE NEWS update: The Ethereum Ecosystem Summit, hosted by Sharplink, Visa and BlockUnion with Lido Institutional and ETH HK Hub as co-hosts, was held during TOKEN2049 Singapore and drew more than 1,800 registrations. Speakers including Ethereum co-founder Joseph Lubin and Sharplink CEO Joseph Chalom discussed institutional infrastructure, stablecoin payments, asset tokenization and agentic finance. Lido also unveiled Lido Lend, a lending product based on a modified Morpho Blue fork that still requires a Lido DAO governance vote.
TREE NEWS update: SlowMist flagged a fake “Ledger firmware update” campaign on Oct. 16 that exploits the recent Ledger supply-chain incident. The phishing page mimics a genuine update flow, including a counterfeit authenticity-check page, device selection and an “update now” button. SlowMist warned users not to click website links to update and never to enter their seed phrase anywhere.
TREE NEWS reports: Capital B reported a $78 million loss for the first half of 2026, driven by a $75 million Bitcoin impairment charge. Europe’s second-largest Bitcoin treasury company still raised $30 million and grew its Bitcoin holdings by 11% during the period.
TREE NEWS update: NEAR Protocol launched a SOL yield feature built on confidential accounts, the network said on October 16. Under the mechanism, the vault only receives users’ deposited funds and does not obtain their original addresses. The product has no lock-up period, allowing users to swap or transfer tokens at any time.
TREE NEWS update: A judge rejected a joint bid by the CFTC and Gemini to undo the exchange’s January 2025 settlement, ruling that shifts in the agency’s enforcement priorities and alleged misconduct by its enforcement division were not sufficient grounds to overturn the deal. The $5 million settlement stands.
TREE NEWS reports: PaperTrade recorded $1.15 trillion in cumulative notional volume, $67.55 million in TVL and $46.71 million in cumulative USDC staking rewards within its first week, with roughly 81 billion of its 8.16 billion PAPER supply staked, a 99.23% ratio. Data provider DefiLlama shows PaperTrade generated $23.97 million in holder revenue on Oct. 10 and $33.94 million from Oct. 10-13, against Hyperliquid’s single-day peak of $8.81 million. PAPER is not yet trading; PaperStrategy, a HyperEVM treasury, has staked about 154 million PAPER, implying a rough price of $0.064.
TREE NEWS reports: Machi Big Brother (Jeffrey Huang) traded $1.41 billion on PaperTrade but lost $416,000 on the platform, Lookonchain data shows. He offset part of the losses by staking for 57.6 million PAPER tokens and earning 341,000 USDC in rewards, cutting the net loss to roughly $74,700.
TREE NEWS update: Binance said it will support the merger of Velodrome Finance (VELODROME) into Aerodrome (AERO) and the AERO contract swap. The exchange will halt trading and delist all VELODROME spot pairs, including VELODROME/USDT, at 11:00 (UTC+8) on November 3, 2026, canceling all open orders, while existing AERO spot pairs are unaffected. Deposits and withdrawals of the old VELODROME token will be suspended from 11:30 (UTC+8) the same day and will not resume after the merger.
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