Polymarket to return to the US market by the end of next month; Securitize to list on SPAC.

Headline

▌Polymarket to Return to the US by the End of November, Following POLY Token Launch and Airdrop

Prediction market platform Polymarket will reopen to US users by the end of November, after being forced to relocate from the US due to CFTC penalties. It plans to launch the POLY token and airdrop it after resuming operations in the US.

▌Tokenization Platform Securitize to Go Public via SPAC Merger

RWA platform Securitize, a tokenized money market fund, will go public through a merger with a special purpose acquisition company (SPAC), CEO Carlos Domingo stated in an exclusive interview.

The fintech company will merge with Cantor Equity Partners II, Inc., a blank check company sponsored by affiliates of Cantor Fitzgerald under the ticker symbol CEPT. As of press time, according to CoinGecko data: BTC price is $112,956, a 24-hour change of -1.0%; ETH price is $3,984.68, a 24-hour change of -3.2%; BNB price is $1,102.98, a 24-hour change of -3.1%. The price of SOL is $194.07, a 24-hour change of -2.1%; the price of DOGE is $0.1934, a 24-hour change of -3.4%; the price of XRP is $2.61, a 24-hour change of -1.2%; and the price of TRX is $0.2953, a 24-hour change of -0.9%. WLFI price is $0.138, a 24-hour change of -6.7%; HYPE price is $47.65, a 24-hour change of +2.8%. Policy: Several US crypto PACs raise $263 million, exceeding the energy sector's spending. Several US crypto-related Super PACs are preparing for the 2026 midterm elections, having raised approximately $263 million. This is almost double that of Fairshake, the largest committee in 2024, and slightly higher than the spending of the entire oil and gas industry during the same period. Data also shows that the industry continues to expand its influence by pushing for legislation and appointing friendly regulators. According to the latest announcement from the Norwegian Tax Authority, more than 73,000 people declared holdings of cryptocurrencies totaling over $4 billion in 2024, an increase of approximately 30% year-on-year. Nina Schanke Funnemark, Director of Taxation at the Norwegian Tax Authority, stated that several measures implemented in recent years have been effective, with more people declaring their crypto assets as required to ensure tax accuracy. Data shows that approximately $550 million of the declared assets were gains, while $290 million were losses. Norway plans to require exchanges and custodians to report their crypto holdings through third parties starting in 2026.

▌Hong Kong Monetary Authority: Digital Hong Kong Dollar to be Extended to Personal Use, Preparations Expected to be Completed in the First Half of Next Year

According to Ta Kung Pao Wen Wei Po, the Hong Kong Monetary Authority (HKMA) stated in its "Second Phase Report of the 'Digital Hong Kong Dollar' Pilot Scheme" that eleven pilot groups have participated in the second phase of the project, covering three major themes: tokenized asset settlement, programmable payments, and offline payments.

▌PayPal Signs Agreement with OpenAI to Become ChatGPT's Payment Wallet

According to CNBC: PayPal has signed an agreement with OpenAI to embed its digital wallet into ChatGPT. Starting next year, PayPal buyers and merchants can complete transactions on ChatGPT without merchants needing to sign a separate agreement with OpenAI; PayPal will handle merchant routing and payment verification.

▌Microsoft's Investment in OpenAI Public Interest Corporation Valued at Approximately $135 Billion

Microsoft (MSFT.O) has signed a new agreement with OpenAI.

Microsoft (MSFT.O) supports OpenAI's move towards a Public Interest Corporation (PBC) structure. Microsoft's investment in the OpenAI PBC is valued at approximately $135 billion. OpenAI CEO: IPO is the most likely path given the company's future capital needs. OpenAI CEO Sam Altman: An IPO is the most likely path given the company's future capital needs. Cryptocurrency: Coinbase and Figment expand institutional staking to support PoS assets beyond Ethereum. Coinbase has expanded its partnership with institutional staking provider Figment, allowing Coinbase Prime customers to now directly stake various PoS assets, including Solana, Avalanche, Sui, and Aptos, through Coinbase Custody, previously limited to Ethereum. Since the partnership began in 2023, it has facilitated over $2 billion in asset staking. Coinbase Prime provides institutional investors with trading, financing, and custody services covering more than 440 digital assets. Figment manages $18 billion in staked assets across more than 40 protocols. This move comes at a time when several staking ETFs have been launched in the US, such as the Bitwise Solana Staking ETF (BSOL), and institutional staking activity is expected to expand further after the SEC confirmed that some liquid staking does not constitute securities trading. The first ETFs tracking the spot prices of Litecoin and Hedera—Canary Litecoin (LTCC) and Canary HBAR (HBR)—as well as the first Solana staking ETF—Bitwise Solana Staking (BSOL)—launched on October 28. The three ETFs saw a combined trading volume of $65 million on their first day of trading, with BSOL accounting for the largest share at $56 million, including $10 million in the first hour alone. BSOL set a new record for the highest first-day trading volume for an ETF this year. As of October 20, there were 155 applications for crypto ETFs/ETPs in the US, covering 35 digital assets, primarily SOL and BTC. According to data released by BitcoinTreasuries.NET, there are currently 353 Bitcoin treasury entities holding over 4.04 million Bitcoins, valued at $466.55 billion. SharpLink plans to deploy $200 million worth of ETH on Linea for staking rewards. Ethereum treasury company SharpLink announced a partnership with ether.fi, EigenCloud, and Anchorage Digital to deploy $200 million worth of ETH on Linea for Ethereum staking rewards, as well as direct incentives from Linea and EtherFi. According to a chart released by cryptounfolded, the total trading volume of perpetual contracts on on-chain exchanges reached approximately $2 trillion in Q3 2025. Hyperliquid ranked first with a 47% market share, while Lighter and Aster combined accounted for 36%.

▌Standard Chartered CEO: Currency digitization is unrelated to cryptocurrencies and stablecoins

Standard Chartered CEO Bill Winters: Currency digitization is unrelated to cryptocurrencies and stablecoins.

▌CZ ranks 13th on the Hurun 2025 Rich List with a fortune of 190 billion yuan, an increase of approximately 41%

According to data from the "2025 Hengchang Shaofang·Hurun Rich List" released by the Hurun Research Institute, Binance founder CZ ranks 13th on the list with a fortune of 190 billion yuan. Compared to last year, CZ's ranking has improved by 3 places, and his wealth has increased by approximately 41%.

▌CoinShares Launches Pledged TON ETP “CTON”

Digital asset management company CoinShares announced the launch of the CoinShares Physical Staked Toncoin (CTON), a pledged TON exchange-traded product. This ETP will directly invest in the underlying TON tokens at a 1:1 ratio, aiming to provide investors with TON investment exposure.

▌Fosun International Securities Becomes Asia's First Participating Securities Firm for a Solana ETF

Fosun International Securities Limited (“Fosun International Securities”), a subsidiary of Fosun Wealth Holdings Limited (“Fosun Wealth Holdings”), announced that it has officially become a participating securities firm for Asia's first and only Solana ETF – “China Solana ETF” (stock code: 3460.HK), providing physical and cash redemption services to help institutional and individual investors seize cutting-edge opportunities in the digital asset field.

▌Nearly 2.03 million LINK transferred from unknown wallets to Coinbase

According to Whale Alert monitoring, around 03:04 Beijing time today, 2,029,841 LINK (worth approximately $37,316,180 USD) were transferred from unknown wallets to Coinbase.

▌Over 1.62 million LINK transferred from unknown wallets to Coinbase

According to Whale Alert monitoring, around 06:13 Beijing time today, 1,622,960 LINK (worth approximately $28,883,445 USD) were transferred from unknown wallets to Coinbase.

▌Coinbase to Launch deBridge (DBR) Spot Trading

Coinbase will launch deBridge (DBR) spot trading.

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Important Economic Developments

▌Trump: Powell Will Resign "Within Months"

US President Trump: Federal Reserve Chairman Powell is either incompetent or a bad guy and will resign "within months".

▌99.5% Probability of Fed Rate Cut in October

According to CME's "FedWatch": The probability of the Federal Reserve cutting interest rates by 25 basis points in October is 99.5%, and the probability of keeping interest rates unchanged is 0.5%.

The probability of the Federal Reserve cutting interest rates by a cumulative 50 basis points in December is 91.6%. Google's Willow quantum chip marks a new era in quantum performance, enabling complex computations and having a significant impact on various industries, including cryptography. With the launch of Google's 105-qubit Willow chip, built on the company's Sycamore processor, quantum computing has reached a major milestone. Willow nearly doubles the number of qubits in Sycamore, unlocking the ability to handle exponentially more complex computations. One of Willow's most significant advancements is its progress in quantum error correction, a key step towards scalable, fault-tolerant quantum systems. In benchmarks such as random circuit sampling (a test of a quantum computer's ability to solve complex problems), Willow completed tasks in minutes that would take traditional supercomputers billions of years to accomplish. Quantum computers using algorithms like Shor and Grover have the potential to solve complex problems exponentially faster, potentially breaking traditional cryptographic algorithms. The rollout of powerful quantum computers like Willow has raised concerns about their impact on cryptographic security, including the impact of the Willow chip on cryptocurrencies. Bitcoin and many other blockchain systems rely on cryptographic algorithms designed to resist classical attacks. However, the potential impact of quantum computing on cryptographic security has raised concerns. Google's Willow quantum chip currently does not pose a direct threat to Bitcoin's cryptographic system. Breaking Bitcoin's ECDSA or SHA-256 requires at least 1,500-3,000 fault-tolerant logic qubits, far exceeding Willow's capabilities. The scalability of current quantum systems is insufficient to challenge Bitcoin's robust defenses. Bitcoin's layered cryptographic structure, combining ECDSA and SHA-256, ensures its resilience against today's quantum technologies. This technological gap currently guarantees the security of Bitcoin's cryptographic protections.