‍KuCoin Institutional Partners with Cactus Custody for Enhanced Digital Asset Security KuCoin Institutional has announced a strategic partnership with Cactus Custody, Matrixport’s digital asset custodian. This collaboration integrates Cactus Oasis, Cactus Custody’s Off-Exchange Settlement (OES) framework, allowing institutions to trade on KuCoin without pre-funding exchange wallets. Assets remain in regulated, segregated custody until order execution. "Our partnership with Cactus Custody represents a pivotal step in building a safer and more efficient digital asset ecosystem for institutions," stated Tika Lum, Head of Global BD at KuCoin Institutional. This initiative aims to bridge traditional finance and Web3, fostering greater institutional adoption.
‍Bybit Enhances Wednesday Airdrop with Dual Prize Pools Bybit, the world's second-largest crypto exchange, is upgrading its Wednesday Airdrop program starting November 5, 2025. The program will now feature a dual prize pool structure: Lucky Draw and Share Reward. This enhancement offers expanded earning opportunities for both new and existing users, incentivizing community engagement and rewarding active participation. The airdrop occurs weekly, featuring different trending token prizes. Lucky Draw prizes are distributed on a first-come, first-served basis. The upgrade aims to create a more rewarding ecosystem for Bybit's over 70 million users.
‍SBF's Appeal Against Conviction Faces Skepticism in US Court A US federal appeals court has expressed significant doubts regarding Sam Bankman-Fried's efforts to overturn his conviction for cryptocurrency fraud and his 25-year prison sentence. During a hearing, a three-judge panel questioned whether excluded evidence would have changed the jury's verdict. Prosecutors argued that existing evidence conclusively demonstrated SBF's misappropriation of customer funds, sufficient for conviction in the FTX collapse case. The defense claims procedural errors unfairly impacted the trial's fairness.
‍Nubila & PolyMaster Forge Partnership for Weather Intelligence Layer Nubila has announced a strategic partnership with PolyMaster, Inc., focusing on the development of a "Weather Intelligence Layer" for the WeatherFi ecosystem. This collaboration aims to integrate verifiable weather data into decentralized finance and enhance on-chain prediction markets with AI and financial products. The founder of PolyMaster will serve as an Ecosystem Advisor to Nubila. The partnership also includes joint efforts in ecosystem building, brand promotion, and market education to advance prediction markets and RWAFi ecosystems.
‍Bitcoin's Evolution: From Digital Gold to Productive Capital Bitcoin is transitioning from a passive store of value to a foundational element of productive capital. The development of credible pathways for institutions to generate scalable yield from Bitcoin is the next crucial step, according to Function CEO Thomas Chen. Bitcoin is increasingly recognized as programmable collateral, enabling institutional participation in onchain finance. Market-neutral strategies have demonstrated resilience and potential for yield generation, even during market volatility. Institutions are now poised to activate their Bitcoin holdings through strategies like short-term lending and supplying liquidity on vetted platforms. This shift signifies Bitcoin's maturation into a yield-bearing infrastructure, with a growing demand for compliant onchain yield solutions expected among institutional investors.
‍Bitget Introduces DASHUSDT Futures with 50x Leverage Bitget has launched DASHUSDT futures trading, offering up to 50x leverage and integrated support for advanced trading bots. This new USDT-margined perpetual contract provides 24/7 trading accessibility and allows for efficient capital utilization and streamlined risk management. The platform, established in 2018, serves over 120 million users globally with AI-powered trading tools and a broad range of digital assets.
‍Antalpha Champions Gold RWAs for Digital Asset Future George Zhou of Antalpha identified gold Real World Assets (RWAs) as the definitive paradigm for reconstructing value storage and transfer in the digital age. Speaking at the Finternet 2025 Asia Digital Finance Summit, Zhou highlighted the limitations of traditional gold ownership, including illiquidity and high holding costs. Zhou emphasized that blockchain technology, through gold RWAs, offers a superior solution. This approach enables fractionalization and verifiable transfer of physical gold, transitioning from opaque offline records to transparent on-chain transactions. He stated, "Gold RWAs offer a superior solution, enabling a seamless upgrade from traditional methods to a digitized, more efficient, and accessible system for managing and transferring value."
‍MEET48 Launches Second 'Best7' Voting, Building Web3 Stage for SNH48 Idols MEET48 has commenced its second "MEET48 Best7: Light Stage" voting event, integrating idol culture with the Web3 ecosystem. The initiative leverages decentralized technologies for enhanced fan-idol interaction. Voting runs from November 5th to December 25th UTC. Fans can acquire voting tickets via daily tasks or $IDOL tokens. Top idols receive rewards including studio time and travel vlogs, fostering the fan economy in the decentralized era.
‍ZKsync Co-Creator Proposes Major Token Revamp for Economic Utility & Sustainability Alex Gluchowski, co-creator of ZKsync, has proposed a significant overhaul of the ZK governance token to enhance its economic utility and ensure long-term network sustainability. The revamped tokenomics aim to derive value from protocol fees, enterprise licensing, and reinvestment into network upgrades, security, and public goods. This strategic shift seeks to create a self-reinforcing economic loop, driving adoption and strengthening the ZKsync ecosystem.
‍Zohran Mamdani Wins NYC Mayoral Race, Digital Asset Future Uncertain Zohran Mamdani's victory in the NYC mayoral elections has left the cryptocurrency industry closely monitoring potential implications for the blockchain space. Unlike opponents, Mamdani has largely avoided specific pro-crypto stances, focusing instead on consumer protection. This ambiguity has drawn criticism from web3 figures like Tyler Winklevoss and David Sacks. However, a NYC mayor's direct influence on crypto regulations is limited, with state and federal laws holding primary authority. While Mamdani's administration may impact areas like municipal taxes, the operational agility of crypto firms and existing state regulations like the BitLicense reduce direct city-level pressure. The industry awaits concrete policy developments following his January 1, 2026 inauguration.