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The Bank of Canada raised its benchmark interest rate by 0.25 percentage point to 2.50% from 2.25% on Oct. 28, marking its first rate hike in more than three years and matching market expectations.

XION, a decentralized information-verification network for AI agents, announced it has successfully implemented its Fermi mainnet upgrade. The upgrade has made the blockchain quantum-resistant, according to XION.

The three major U.S. stock indices opened higher today. - S&P 500: +0.2% - Nasdaq: +0.32% - Dow Jones: +0.07%

Zero-knowledge proof computing network Cysic (CYS) said it has completed the burn of 7.2 million CYS on BNB Smart Chain to offset unauthorized token issuance caused by a bridge security incident. Cysic said two burn transactions were confirmed on-chain, permanently reducing the token supply on BNB Smart Chain and bringing it back in line with the project’s tokenomics.

New York startup Birch Hill, founded by former Goldman Sachs and BlackRock executives, has raised $4 million in a seed round led by Multicoin Capital, Decrypt reported. ParaFi Capital, Castle Island Ventures and Nascent also participated. Birch Hill is operating across three areas including MORPHO-based vaults, on-chain credit products and securities, and is pushing on-chain securitization of U.S. housing, agriculture and energy loans.

The Federal Open Market Committee meeting scheduled for 6:30 p.m. UTC today will determine Bitcoin’s direction, Bloomberg Intelligence senior commodity strategist Mike McGlone said. McGlone said weakening leading economic indicators were failing to play their usual role, and if BTC regains some of its lost momentum alongside the stock market’s advance, the likelihood of continued Federal Reserve tightening will increase. He added that traders should not fight the Fed when trading assets such as BTC and gold that are highly correlated with the U.S. stock market.

Chainlink said an integration to deliver vault risk assessments from S&P Global Ratings onchain is now live on Base. The blockchain oracle project said the integration, built using DataLink and CRE, provides independent vault risk analysis for a $10 billion lending vault market. It added the rollout expands the two sides’ existing collaboration, which had previously brought stablecoin stability assessments onchain.

A wallet believed to belong to Compound co-founder Robert Leshner bought an additional 40,000 COMP worth about $900,000 around one hour ago through Genesis Trading and an unidentified address, according to Arkham data. The wallet’s COMP holdings have now increased to about 55,000 tokens, valued at roughly $1.2 million.

Ripple expects to post $900 million in revenue by the end of this year, according to The Block. At its annual Swell 2026 conference, the company said the outlook reflects growth in customers and partners. Ripple added that cumulative payment network volume is nearing $150 billion and RLUSD’s market capitalization stands at $2.6 billion. The company also said it received final approval from the U.S. Office of the Comptroller of the Currency on Oct. 26 for the establishment of a national trust bank and expanded partnerships with firms including BNY and Aviva Investors.

Bitcoin has been trading sideways as ETF demand weakens and volatility compresses to levels last seen in the summer of 2023, according to a recent Glassnode report. Glassnode said long-term holders currently hold about 4 million BTC bought in the $85,000-$118,000 range, with more than half of those positions underwater. It estimated the average cost basis for spot ETF buyers at $81,500, the broader market’s realized price at $77,900, and short-term holders’ cost basis at $75,800. The report added that although $653 million flowed in on Oct. 19, most of the capital that entered ETFs has since flowed back out, leaving net inflows over the past two weeks at just $67 million. BTC’s one-month realized volatility stands at 25%, matching levels seen in the summer of 2023, while stock and commodity perpetual futures trading volume on Hyperliquid’s HYPE has overtaken BTC, Glassnode said.

Cancore, a cross-chain payments infrastructure company built on Canton Network (CC), announced it raised $7.2 million in a seed round. Participants in the round included Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures and Proof of Talk. Cancore is building atomic-swap settlement infrastructure that allows Canton-based assets to be exchanged for assets on public blockchains without handing custody to centralized exchanges or using wrapped tokens. The funding will be used to develop infrastructure linking assets with liquidity on public blockchains.

U.S. Treasury Secretary Scott Bessent said the Treasury Department will move to close the crypto regulatory gap between the U.S. SEC and the CFTC regardless of whether Congress takes legislative action. The comment indicates Treasury will continue pushing to align the two agencies' regulatory frameworks even if related bills stall in Congress.

Open interest on decentralized perpetual futures exchanges rose about 76% from the previous quarter to $24 billion in the third quarter, while trading volume fell about 16% to $1.4 trillion, according to Unfolded. Hyperliquid (HYPE) posted $13 billion in open interest, more than doubling and accounting for about 53% of the total. HIP-3-based trade[xyz] recorded about $3.9 billion in open interest. Open interest at Variational, Writer and Aster also increased about 78%, 107% and 66%, respectively.

Robinhood (HOOD) said third-quarter cryptocurrency-related revenue fell below prediction market revenue, according to CryptoSlate. Robinhood posted $120 million in crypto-related revenue for the third quarter, down 55% from a year earlier. Crypto’s share of total revenue also fell to 8.4% from 21%. By contrast, prediction market revenue rose more than sixfold. Strength in the prediction market business helped lift total revenue 12% to a record $1.42 billion, while net income fell 14% to $476 million.

Avalanche said it will support Earn+, a new yield product on the Ethena Pay app that introduces a higher target yield for the first time. Eligible Ethena Pay users can deposit assets into vaults managed by Upshift and Steakhouse, with the product operating on Aave v4 on Avalanche.

Ripple announced a partnership with Coinbase (COIN) to support one-to-one swaps between RLUSD and other dollar-pegged stablecoins across Coinbase services. RLUSD is supported on the XRPL, Base and Ethereum (ETH) networks, while Ripple provides liquidity on Base. The stablecoin launched in December 2024 and now has a market capitalization of more than $2.4 billion.

DeFi lending protocol Spark said via its official X account that its cumulative SPK token buybacks have exceeded 200 million. Spark said it has spent more than 4 million USDS to purchase over 200 million SPK so far.

Bitcoin may face downside pressure after the Federal Open Market Committee meeting, crypto analyst Ali Martinez said. Martinez said BTC whales recently took about $156 million in profits, while holdings fell by about 8,162 BTC, worth $664 million, over the past 24 hours. Martinez added the Coinbase Premium Index, which reflects relative buying demand from U.S. investors, had dropped to -0.17, close to its lowest level since September. Martinez said the more important signal would be the price direction formed in the 24 hours after the FOMC announcement rather than the immediate reaction.

Strategy founder Michael Saylor said on X that arguing there is no reason to hold Bitcoin because AI could hack crypto apps is like saying there is no reason to speak English because AI could hack messaging apps.

Hackers that attacked Japan’s GMO Internet Group demanded a $50 million ransom in Bitcoin and Ethereum, local media outlet Nada News reported. The attackers initially demanded payment by Oct. 21, then were said to have lowered the demand to $1 million and extended the deadline to Oct. 27. The target was GMO Internet’s cloud service "Onamae.com Desktop Cloud," and around 26,739 servers may have been affected. GMO said it did not pay the ransom.

Euronext halted trading in CoinShares’ ZEC exchange-traded product on Oct. 28, the product’s planned listing day, Cointelegraph reported. The product had been set to begin trading on Euronext Paris under the ticker ZCSH. Euronext said the suspension would remain in place until the central securities depository can support normal settlement operations.

The Depository Trust & Clearing Corporation, or DTCC, launched a tokenization service today with an initial lineup of 34 stocks. The stock tokens are backed one-to-one by securities held at the Depository Trust Company, or DTC, and holders have the same legal and economic rights as they do with the underlying securities. The service also offers near-real-time ownership tracking. Nine firms, including BitGo, Blockdaemon and Fireblocks, joined as initial partners.

Injective said the Canary Staked INJ ETF is set to launch soon. The ETF will trade under the ticker INJC, and Injective also shared related filing documents submitted to the U.S. SEC.

Seven listed companies, including JPMorgan, AMD, Coca-Cola, Applied Materials, Adobe, Dell and SanDisk, have formally exercised their right to refuse stock tokenization listings through OKXICE, a joint platform between OKX and Intercontinental Exchange, the parent of the New York Stock Exchange. That brings the number of companies opposing stock tokenization listings on the OKXICE platform to 33. As a result, more than half of the 62 companies initially mentioned by OKXICE for tokenization have now expressed opposition.

Former Bitcoin Magazine editor Pete Rizzo said on X that Thailand’s Supreme Court had officially recognized Bitcoin as legal property. Applying Sections 137 and 138 of Thailand’s civil and commercial code to BTC, the court ruled that BTC is a unit of electronic data under the 2018 Digital Asset Business Act, takes form on a network, and is used as a medium of exchange. The court said BTC has market value, can be converted into cash, and can be actually possessed and transferred by individuals. On that basis, the court held that it qualifies as property under criminal law because it has economic value and can be possessed.