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SkyAI, formerly Sharp Technology, said it rejected a takeover proposal from Forward Industries, the largest corporate accumulator of Solana, which trades on Nasdaq under the ticker FWDI. Forward Industries had proposed an all-stock deal that would give SkyAI shareholders 0.306 Forward shares for each SkyAI share. SkyAI’s board unanimously rejected the offer, saying the proposed terms did not properly reflect the company’s value and were not in shareholders’ interests. The board also pointed to uncertainty over the value of the shares to be received as consideration and the timing of their delivery.

CryptoQuant contributor XWIN Japan said conditions for Bitcoin to form a bottom in October are improving ahead of the U.S. midterm elections. Still, XWIN Japan said confirming an actual bottom would require sustained inflows into spot exchange-traded funds, stronger buying in the U.S. spot market, and a continued recovery in BTC demand.

Bitcoin analyst PlanB said he does not regret his decision to convert his BTC holdings into spot exchange-traded funds last year. In a post on X, PlanB said the move drew heavy criticism at the time, but issues tied to entropy on Coldcard devices and cases of unauthorized hardware insertion involving Ledger devices later came to light. PlanB said he has no regrets about switching to ETFs and feels at ease. PlanB had previously said in February last year that he made the change for easier asset management.

Morgan Stanley is expected to delay support for tokenized stock trading through an alternative trading system from the second half of this year to the first quarter of 2027, The Block reported. In an interview with The Block, Amy Oldenburg, Morgan Stanley’s head of digital asset strategy, said Q1 2027 is more realistic in terms of aligning the timeline with other activities underway across the broader ecosystem, adding that the relevant team is actively developing support for trading in tokenized stocks.

Cryptocurrency exchange Kraken is moving into the United Arab Emirates market, Solid Intel reported. Kraken’s parent company, Payward, has received formal regulatory approval from Dubai’s Virtual Assets Regulatory Authority, or VARA, and plans to offer deposit and withdrawal services in UAE dirhams. A specific launch timeline was not disclosed.

BTC option prices are at their cheapest level in five years, according to crypto research firm 10x Research. 10x Research said implied volatility for front-month BTC options stood at 33.5%, more than four percentage points below realized volatility. Over the past week, option skew fell by about three percentage points, while October-expiry put options with strike prices of $78,000 and $80,000 saw block trades totaling as much as $204 million. The firm said the activity appeared to reflect investors hedging downside risk while maintaining long positions, rather than betting on a bearish move.

An anonymous whale on Hyperliquid has opened long positions in BTC, ETH and NEAR. The address opened a 200 BTC long with 40x leverage at an average entry price of $83,604.5, a 4,000 ETH long with 25x leverage at $2,536.23, and a roughly 332,000 NEAR long with 10x leverage at $5.81. The combined notional entry value was about $28.8 million, while the positions are now worth about $29.04 million, for an unrealized profit of about $243,000.

OKX founder Star Xu criticized Binance founder Changpeng Zhao over comments describing Binance’s user compensation after the Oct. 10, 2025 crypto market crash as a voluntary act of goodwill. In a post on X, Xu said the selloff affected user assets worth tens of billions of dollars, caused major financial losses and damage across the industry, and pushed the crypto market into a prolonged slump. Xu added that investor assets and trust were also badly hurt. Xu said Zhao stated in a recent interview that Binance voluntarily compensated affected users by about $800 million even though it had no legal obligation to do so. Xu argued it was not appropriate to frame the episode as a case highlighting Binance’s voluntary compensation and goodwill while many users suffered heavy losses and the industry was still struggling to restore trust.

Standard Chartered has launched an institutional custody service for Ripple’s stablecoin RLUSD through its Dubai International Financial Centre branch, The Block reported. The bank is also working with Ripple and LMAX Group to make RLUSD eligible collateral under its Collateral Mirroring model.

Haseeb Qureshi, managing partner at crypto venture firm Dragonfly Capital, said Hyperliquid (HYPE) is expanding the overall market rather than taking share from centralized exchanges, according to Odaily. Qureshi said Hyperliquid serves as a primary venue for some users who face difficulties with know-your-customer requirements or cannot use major exchanges. Even as Hyperliquid’s share has grown, trading volume on centralized exchanges has not declined, Qureshi said. He added he is positive on demand for the crypto market and pre-IPO stock trading over the next six to 12 months. Looking further ahead, Qureshi said the line between crypto venture capital and traditional venture capital will blur by 2030 as crypto technology is adopted in fintech, digital banks, stablecoins, and consumer products. He said investment firms including Dragonfly are likely to increase investments in fintech, emerging technology, and AI companies. Qureshi also said an investment firm’s competitive edge depends not only on industry knowledge, but also on market understanding, networks, and the ability to help founders solve real-world problems.

Mojo said on Oct. 12 it launched its full version after completing a private beta. The platform is positioned as a one-stop AI trading operating system and supports Binance, Hyperliquid (HYPE), Solana (SOL), and EVM-based on-chain trading. Users can manage trading strategies on a single platform instead of handling them separately across centralized exchanges and decentralized exchanges. If a user describes a trading idea in natural language without coding, an AI agent turns it into a strategy including trading instruments, execution conditions, position sizing, and take-profit and stop-loss rules. Based on conditions set and approved by the user, the platform then monitors markets around the clock and automatically executes trades. Mojo also provides market analysis, interactive charts, and customized dashboards, while allowing users to review the rationale behind the AI agent’s decisions and its trade execution history.

Ledger said it identified an unauthorized hardware component in at least one device tied to a recent crypto theft case, according to CoinDesk. The confirmed cases so far involve products sold through Southeast Asian distributor CryptoBilis, Ledger said. On-chain analysts estimated the incident drained about $86 million to $93.4 million in assets from more than 300 wallets across multiple blockchains.

Hyundai Motor and Kia have disclosed patented technology using non-fungible tokens to authenticate users of in-car payment services and support traffic accident response and vehicle history management, Digital Asset reported. According to the outlet, the two companies this year disclosed in South Korea two jointly filed patents related to an "NFT Service System." The technology links physical vehicles with NFT-based owner and driver information to verify users during the payment process, provide needed information when accidents occur, and manage maintenance and modification records.

The Coinbase Bitcoin premium index fell to -0.12%, its lowest level in recent days, and remained in negative territory for 19 straight days, CoinGlass reported. The index tracks the BTC price gap between Coinbase and Binance, and a prolonged negative reading is generally interpreted as relatively weak Bitcoin buying demand in the U.S. market.

ENS Labs has proposed introducing ENSv2 on the Ethereum mainnet and halting new .eth domain registrations on ENSv1, according to Crypto Briefing. If approved, new domains could be registered only on ENSv2. Existing ENSv1 domains could continue to be renewed without migration, while expired domains could be re-registered only on ENSv2. Ahead of the ENSv2 rollout, ENS Labs plans to reflect ownership data for existing domains in ENSv2 and transfer all ENSv2 administrative authority to ENS DAO after the service launches. ENSv2 is an upgraded version that improves subdomain management and permission settings, and its post-expiration renewal grace period is 28 days, shorter than ENSv1’s 90 days. The proposal requires approval through an ENS DAO vote to take effect.

SWI Group, which took control of Genesis Digital Assets, a Bitcoin mining company backed by bankrupt crypto exchange FTX, is focusing on AI data centers rather than BTC mining, The Wall Street Journal reported. Max-Hervé George, SWI’s CEO, said in English, "비트코인 채굴에는 전혀 관심이 없다. 컴퓨팅 인프라를 확대하려면 자금이 필요하다" according to the report. According to WSJ, SWI is seeking to provide data centers in the U.S. and Sweden acquired through the Genesis Digital deal to major cloud operators, and has raised about $900 million to expand and upgrade those facilities. The group is also selling three BTC mining sites still located in Kazakhstan. Genesis Digital previously received more than $1 billion in investment from Alameda Research, an FTX affiliate, and became embroiled in litigation over the return of those funds after FTX collapsed. That lawsuit was dropped in June.

UK-listed The Smarter Web Company, which has adopted a Bitcoin treasury strategy, raised $13.25 million through a Bitcoin-backed preferred share IPO called MORE, becoming the first such deal in the UK, according to BitcoinTreasuries. MORE will begin trading on the London Stock Exchange this Wednesday, and its first weekly dividend is due on Nov. 9.

The market capitalization of stock tokens has reached a record $3.9 billion, Cointelegraph reported. According to data from Token Terminal, BNB Chain had the largest stock token market cap by blockchain at $1.2 billion, followed by Ethereum at $841.9 million and Solana at $741.7 million. The three blockchains account for about 70% of the overall stock token market.

The Financial Stability Board warned a large-scale wave of stablecoin redemptions could spill into traditional financial markets, Cointelegraph reported. The FSB said if stablecoin holders seek redemptions all at once, issuers may be forced to rapidly sell reserve assets or withdraw bank deposits, potentially spreading shocks to conventional markets. It added that stablecoins involving multiple issuers carry added risk because reserve assets are spread across several countries while redemption requests could concentrate on a specific issuer. In a letter to the Group of 20, FSB Chair Andrew Bailey said cross-border supervisory and crisis-response frameworks for stablecoins remain inadequate or are not yet in place. Bailey also said AI-driven cyberattacks could weaken the resilience of major financial institutions and market infrastructure. Separately, an FSB survey in 2025 found only 11 of 28 countries and jurisdictions had established stablecoin regulations.

Bithumb announced it will delist Across Protocol (ACX) at 6:00 a.m. UTC on Nov. 11. Coinone will delist the token at the same time today. The exchanges said the foundation’s explanatory materials did not resolve the reasons for the investment warning designation, and a broader review of the foundation’s disclosures, the virtual asset’s utility and its business performance found it did not meet the standards for maintaining trading support.

Hardware wallet maker OneKey has revoked the official reseller status of Southeast Asian seller CryptoBilis in connection with the theft of Ledger users’ assets and will offer free replacements to customers who bought its products there. OneKey founder Yishi said on X that Ledger had identified unauthorized components inserted inside the affected devices. Yishi added that no OneKey users have reported losses so far, but the company is re-screening all resellers and has suspended new registrations. Yishi had previously raised the possibility that malicious components could be used to steal recovery phrases, while on-chain analysts estimate the losses at about $90 million.

The Bank of Korea said it has agreed with the government to initially issue a won-denominated stablecoin through a bank-led consortium structure, with banks holding 50% plus one of the consortium’s equity, according to Digital Asset. BOK Governor Rhee Chang-yong made the remarks today during a parliamentary audit at the Bank of Korea’s headquarters in Seoul, after People Power Party lawmaker Lim I-ja asked for his view on issuing a won stablecoin, Digital Asset reported.

Wang Chun, co-founder of F2Pool, the world’s fourth-largest Bitcoin mining pool, deposited 2,160 ETH worth $5.52 million into Binance, Onchain Lens reported. Wang had been buying BTC and ETH since late May. The tokens were transferred in two transactions from an F2Pool Gnosis Safe wallet: 1,150 ETH worth $2.94 million and 1,010 ETH worth $2.58 million. Exchange deposits are typically interpreted as a sign of potential selling.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 52.49% long, 47.51% short - Binance: 52.84% long, 47.16% short - OKX: 51.62% long, 48.38% short - Bybit: 53.83% long, 46.17% short

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the volume heatmap, while the lower panel shows cumulative volume delta, or CVD. - The volume heatmap tracks trading volume at each price level. The background color becomes brighter when the price stays in a certain range for an extended period or makes a large move. Brighter zones may act as support or resistance. - The CVD indicator tracks buy and sell orders by order size. As buy orders increase, the line in the corresponding color moves higher. The yellow line reflects $100 to $1,000 orders, while the brown line is based on large orders worth $1 million to $10 million, among others.