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Quick Take Summary is AI generated, newsroom reviewed. Wallets tied to FalconX and Wintermute recently bought 21k SOL (~$3.9 M) and 71.5k SOL (~$12.5 M) in one transaction. SOL currently trades near ~$190, matching transaction USD conversions of ~$3.9 M for 21k SOL (≈ $185 each). 71.5k SOL equals roughly 0.015% of Solana’s ~470 million circulating supply. Hong Kong’s SFC approved the first spot SOL ETF under ChinaAMC for listing on October 27, 2025.References X Post Reference



In fact, it will take us several years to obtain a validity proof for Ethereum consensus.

The Federal Reserve held its first Payments Innovation Summit, discussing the application of stablecoins, tokenized assets, and DeFi in the payments sector. The conference proposed establishing Federal Reserve accounts with limited access to reduce risks and explored how to make traditional systems compatible with blockchain. Cryptographic technologies are now becoming a central topic in payment discussions, and institutional investors may prioritize assets like bitcoin and ethereum. Summary generated by Mars AI. The accuracy and completeness of this AI-generated summary are still being iteratively improved.

The role of cryptocurrency in Argentina has fundamentally changed.


- 02:10Openmarkets plans to raise $50 million for DeFi and overseas expansionChainCatcher News: According to market sources, Australia-based fintech infrastructure provider Openmarkets Group has announced plans to raise $50 million to support its entry into the decentralized finance (DeFi) sector and expand into overseas markets such as Singapore, Hong Kong, and the United States. The company provides application programming interfaces (APIs) for financial institutions, enabling them to offer clients access to both Australian and international stock markets. The company's near-term plans for the raised funds include launching cryptocurrency trading services, tokenizing real-world assets, and building a digital treasury to manage its holdings of cryptocurrencies, stablecoins, and other digital assets. Openmarkets Group CEO Dan Jowett revealed that the treasury will be managed by third-party institutions, which may also make strategic investments in other Web3 companies. Initially, the focus will be on tokenizing illiquid assets such as private credit and equity funds. The company's entry into this sector is described as a "medium- to long-term strategy" that will be implemented in phases. Currently, the company is in discussions with a certain exchange and other major liquidity providers to ensure sufficient liquidity for its cryptocurrency trading services.
- 02:10This week, tokens such as SUI, GRASS, and EIGEN will undergo major unlocks, with a total value exceeding $300 million.Jinse Finance reported, according to Token Unlocks data, several tokens will undergo significant unlock events this week. Among them: SUI will unlock 43.96 million tokens on November 1, worth approximately $117 million, accounting for 1.21% of the circulating supply; GRASS will unlock 181 million tokens on October 28, worth about $80.27 million, accounting for 72.40% of the circulating supply; EIGEN will unlock 36.82 million tokens on November 1, worth about $44.55 million, accounting for 12.10% of the circulating supply; OMNI will unlock 7.99 million tokens on November 2, worth about $23.97 million, accounting for 30.30% of the circulating supply; JUP will unlock 53.47 million tokens on October 28, worth about $23.29 million, accounting for 1.72% of the circulating supply; ENA will unlock 40.63 million tokens on November 2, worth about $20.73 million, accounting for 0.60% of the circulating supply; ZORA will unlock 167 million tokens on October 30, worth about $15.51 million, accounting for 4.55% of the circulating supply; KMNO will unlock 229 million tokens on October 30, worth about $14.86 million, accounting for 5.99% of the circulating supply; OP will unlock 31.34 million tokens on October 31, worth about $14.59 million, accounting for 1.71% of the circulating supply; IMX will unlock 24.52 million tokens on October 31, worth about $13.77 million, accounting for 1.24% of the circulating supply; SIGN will unlock 290 million tokens on October 28, worth about $12.07 million, accounting for 21.48% of the circulating supply; ZETA will unlock 44.26 million tokens on November 1, worth about $5.56 million, accounting for 4.13% of the circulating supply; REZ will unlock 424 million tokens on October 30, worth about $4.62 million, accounting for 8.79% of the circulating supply; W will unlock 50.41 million tokens on October 31, worth about $3.83 million, accounting for 1.04% of the circulating supply; TREE will unlock 11.25 million tokens on October 29, worth about $2.17 million, accounting for 6.12% of the circulating supply; IOTA will unlock 12.37 million tokens on October 29, worth about $1.87 million, accounting for 0.33% of the circulating supply; GUN will unlock 87.58 million tokens on October 30, worth about $1.74 million, accounting for 7.25% of the circulating supply; YGG will unlock 10.68 million tokens on October 27, worth about $1.52 million, accounting for 1.25% of the circulating supply; AI will unlock 18.21 million tokens on November 1, worth about $1.50 million, accounting for 4.14% of the circulating supply; DYDX will unlock 4.17 million tokens on November 1, worth about $1.48 million, accounting for 0.58% of the circulating supply.
- 02:07The world's first yen stablecoin officially launched in Japan today.Jinse Finance reported that Japanese startup JPYC has announced the launch of a stablecoin that is fully redeemable for Japanese yen, backed by domestic savings and Japanese government bonds. Ryozo Himino, Deputy Governor of the Bank of Japan, stated last week that stablecoins could become key participants in the global payment system, partially replacing the role of bank deposits. JPYC will initially not charge transaction fees to expand its user base and will earn revenue from the interest on Japanese government bonds it holds. Tomoyuki Shimoda, a scholar at Rikkyo University and former central bank executive, believes that it will take at least 2-3 years for yen stablecoins to become widely adopted in Japan.
![[Bitpush Weekend Review] Trump nominates SEC crypto task force chief legal advisor Michael Selig as CFTC Chairman; Trump says at a private gathering that cryptocurrency could help solve the $35 trillion US debt problem; Bloomberg: Since the introduction of regulatory bills in the US, the proportion of stablecoins used for payments has surged by 70%](https://img.bgstatic.com/multiLang/image/social/6f7dc601c3d5c684dffeb2a0f54b0e661761530402644.png)