Fed’s Bowman: “Large Banks Can Enter Digital Assets”
Fed Board Member Michelle Bowman stated that there is no obstacle preventing large financial institutions from entering digital assets with an appropriate risk management framework. Bowman emphasized that the integration of innovative technologies into the banking system is inevitable, but that regulatory transparency and oversight mechanisms must be strengthened.
Sequans Halves Its Debt by Selling 970 BTC
Sequans Communications (NYSE:SQNS) sold 970 Bitcoin, repaying 50% of its convertible bonds and reducing its debt from $189 million to $94.5 million. The company now holds 2,264 BTC (down from 3,234 BTC). This sale reduced the debt-to-net worth ratio from 55% to 39%. The Bitcoin transfer was previously detected in the Coinbase wallet.
BlackRock Transfers $293 Million Worth of BTC and ETH to Coinbase
According to Onchain Lens data, BlackRock deposited approximately $213 million worth of BTC and $79.83 million worth of ETH to Coinbase. This $293 million transaction is considered a bulk transfer for institutional liquidity management or rebalancing purposes.
DMG Blockchain Produced 23 BTC in October
DMG Blockchain Solutions announced that it mined 23 BTC in October, reaching a current holding of 359 BTC. The company will continue its strategy of limiting Bitcoin sales and adding to its balance sheet.
CZ: “The Market’s Rise or Fall Has Nothing to Do with Me”
Binance founder CZ denied claims that his social media posts influence price movements. “I tweet every day, the market sometimes goes up, sometimes down — I have nothing to do with it,” he said.
Giggle Academy to Burn Half of Token Donations
CZ announced that half of the Giggle Fund Token donations will be burned, with the remainder converted to BNB. These donations will be directed to Giggle Academy’s public donation address as part of Binance’s transaction fee donation proposal.
BlackRock CEO Fink: “Tokenization is at the Heart of Financial Transformation”
Larry Fink said at the Hong Kong FinTech Week 2025 event that tokenization will enable the seamless digital transformation of cash, stocks, and bonds. Fink said, “Many people are now afraid to keep all their money in their country’s currency; tokenization will be at the center of the evolution of the global financial system.”
Whales Collected 1,164 BTC in 6 Hours
According to Lookonchain data, multiple large wallets purchased 1,164 BTC (approximately $123 million) in the last 6 hours.
- A whale address that had been dormant for a year withdrew 800 BTC ($85.5 million) from Binance and OKX.
- A new wallet acquired 190 BTC (19.8 million $) from Binance.
- Another address withdrew 174 BTC, reaching a total of 3,036 BTC (315 million $).
BlackRock Launches Bitcoin ETF in Australia
BlackRock has completed the necessary applications to establish a Bitcoin ETF in Australia. The ETF will be the first direct Bitcoin investment vehicle for institutional investors that complies with local regulations.
Taiko Joins Chainlink ACE Ecosystem
Taiko has joined Chainlink’s Automated Compliance Engine (ACE) partner ecosystem as one of a handful of Layer-2 networks. This collaboration will provide a compliant and decentralized infrastructure for the tokenization of real-world assets.
ZKsync Launches $37.5 Million ZK Reward Staking Program
The ZKsync community has approved a 6-month staking program under the [TPP-12] proposal. The program will distribute a total of 37.5 million ZK (approximately $1.9 million) in rewards. The pilot aims to increase network participation and strengthen the token economy.
