Circle Launches Arc Public Testnet

️ On today's Top Picks:

Crypto News

• ⭐️ Circle $CRCL launches Arc public testnet; over 100+ testnet participants spanning DeFi, asset issuers, capital markets firms, global fintechs, & more.

• ⭐️ Bitwise Solana $SOL Staking ETF begins trading; generates $56M in trading volume; Grayscale Solana Trust to convert to an ETF on October 29th.

• Western Union $WU to launch $USDPT stablecoin on Solana $SOL in partnership with Anchorage Digital; to launch in H1 2026.

• ⭐️ Mt. Gox pushes back creditor repayment deadline by another year to October 2026; ~19,500 creditors repaid, others pending due to incomplete procedures; currently holds 34,689 Bitcoin $BTC (~$4B).

• Ethereum $ETH Fusaka upgrade activates on Hoodi testnet; to activate on mainnet on ~December; introduces PeerDAS, phased blob expansion, & more.

• OKX fires X Layer spokesperson Felix Fan due to conflict of interest; OKX President Hong Fang hints at Binance poaching being involved.

• Canary Litecoin $LTC & Hedera $HBAR ETFs begin trading; generates $1M (Litecoin) & $8M (Hedera) in trading volume.

• JPYC launches yen-pegged $JPYC stablecoin; initial deployment on Ethereum $ETH, Avalanche $AVAX, & Polygon $POL.

• Digital Asset Investment Products saw $921M in inflows last week; Bitcoin $BTC ~$931M inflows, Ethereum $ETH ~$169M outflows, Solana $SOL ~$29M inflows, Ripple $XRP ~$84M inflows.

• Pump[.]fun $PUMP acquires Padre $PADRE, a trading terminal, for an undisclosed amount; to airdrop PUMP to PADRE holders based on October 24th snapshot.

• Gate $GT Ventures acquires ADEN $BGSC, a decentralized perpetual exchange, for an undisclosed amount; to migrate to Gate Layer Chain.

Alpha

• Polymarket to launch in the US by late November; Polymarket CMO recently confirmed plans to launch $POLY after launching in the US.

• MetaMask launches MetaMask Rewards Season 1; trade, swap, bridge, & refer to earn future rewards; Season 1 to last 90 days.

• MetaMask $MASK claim website discovered; Consensys CEO Joe Lubin recently said MASK could “come sooner than you would expect."

• MegaETH launches $MEGA public sale; offering 5% of token supply at ~$999M FDV; bidding period ends on October 30th;

• Soneium launches Soneium Score Season 2 Badge mint; users with a score of 84-100 can mint in stage 1, users with a score of 80-83 can mint in stage 2.

• GTE teases GTE Bets powered by Polymarket; to launch soon.

• Myriad launches on $BNB Chain; also live on Abstract & Linea $LINEA.

• Jumper posts "New Jumper Perks ████████▒▒ 80%" on X; to potentially launch Jumper Perks batch 4 soon.

Airdrops

• Airdrops, Checkers, & Points by Olimpio.

• ⭐️ Monad launches $MON airdrop allocation reveal; eligible users can open Monad Boxes to reveal their airdrop allocation early.

• Delphi Pro subscribers are eligible for Monad $MON airdrop; airdrop registration closes on November 3rd.

• Espresso to announce airdrop criteria daily beginning on October 29th; recently took a snapshot of The Composables NFT holders on July 23rd.

• ICYMI Airdrops, Checkers, & Points (October 13th) by Olimpio.

• ICYMI Lighter Founder & CEO Vladimir Novakovski says "The holidays will be lit this year" in response to Cobie asking "when is lighter"; to potentially launch TGE & airdrop in December.

• ICYMI Polymarket CMO Matthew Modabber confirms plans to launch Polymarket $POLY token & airdrop; to focus on token launch after relaunching in the US.

Finance News

• US President Trump says he may announce a new Federal Reserve Chair by the end of the year to replace Jerome Powell.

• US & China reach consensus on key trade issues; President Trump says he is hoping for a "complete trade deal" with China this week.

• US President Trump imposes additional 10% tariff on Canada.

• Coinbase $COIN partners with Citi $C to develop digital asset payment capabilities for institutional clients; to share specific initiatives in the coming months.

• Strategy $MSTR buys an additional 390 Bitcoin $BTC for ~$43.4M at ~$111,053 per BTC: now holds 640,808 BTC acquired for ~$47.44B at ~$74,032 per BTC.

• S&P Global $SPGI Ratings assigns Strategy $MSTR a 'B-' issuer credit rating with stable outlook; rating reflects Strategy's narrow business focus, high bitcoin concentration, low US dollar liquidity, among other factors.

• Metaplanet $3350.T begins share buyback program; to repurchase up to 150M common shares; currently holds 30,823 Bitcoin $BTC (~$3.5B).

• American Bitcoin $ABTC buys an additional 1,414 Bitcoin $BTC (~$159M); now holds 3,865 BTC (~$435M).

• Bitmine $BMNR buys an additional 77,055 Ethereum $ETH (~$320M); now holds 3,313,069 ETH (~$13.7B).

• Sharplink $SBET to deploy $200M of Ethereum $ETH on Linea $LINEA; powered by EigenCloud's $EIGEN verifiable infrastructure; Sharplink currently holds 859,853 ETH (~$3.5B).

• ETHZilla $ETHZ sells ~$40M of Ethereum $ETH for stock buybacks; recently approved a $250M stock repurchase program; currently holds ~$400M of ETH.

• Trump Media & Technology Group $DJT launches Truth Predict, a prediction market platform, in partnership with Crypto[.].com $CRO; to launch beta on Truth Social soon.

• Securitize to go public via SPAC merger with Cantor Equity Partners II at $1.25B valuation; to trade on Nasdaq under the ticker $SECZ.

• Gold $XAU falls under $4,000 for the first time since October 13th.

• ⭐️ Nvidia $NVDA reaches new all-time high of ~$200; announces partnership with US DOE, $1B investment in Nokia $NOK, partnership with Samsung, & more.

• Microsoft $MSFT allows OpenAI to restructure itself into a public benefit corporation; deal values OpenAI at $500B & grants Microsoft a 27% stake (~$135B).

• PayPal $PYPL signs deal with OpenAI to become the first payments wallet in ChatGPT; integration launches next year.

• $IBM to launch Digital Asset Haven, a platform for institutions to manage digital assets, in partnership with Dfns; to launch as a software-as-a-service in Q4.

Security and Exploits

• Google denies claims of Gmail data breach; says the inaccurate reports originated from a misunderstanding of infostealer databases.

• X to retire Twitter[.]com URL for authentication; users using passkeys or hardware security keys need to re-enroll keys before November 10th.

• 402bridge exploited ~$17K due to private key leak; users advised to revoke allowances.

Token Unlocks

• Sign $SIGN / ~$11M / OCT 28th
• Grass $GRASS / ~$70M / OCT 28th
• Jupiter $JUP / ~$23M / OCT 28th
• Zora $ZORA / ~$14M / OCT 30th
• Kamino $KMNO / ~$15M / OCT 30th
• Immutable $IMX / ~$13M / OCT 31st
• Optimism $OP / ~$13M / OCT 31st
Sourced from Tokenomist

Funding

• Bron Wallet raises $15M in funding from several investors.

• ZAR raises $12.9M in funding led by a16z Crypto.

• Loom raises $3M in Pre-Seed funding led by Version One Ventures.

• Kite raises an undisclosed amount in Extended Series A funding from Coinbase Ventures.

The Degen Farmer