- CME Group launched Uniswap futures, the first DeFi token with a listed contract.
- BlackRock filed for a new Bitcoin downside protection ETF under the ticker PBIT.
- The Aztec Connect exploit attacker laundered 1,255.8 ETH slowly via Tornado Cash.
Bitcoin traded near $82,000, down 0.8% over the past 24 hours. Ethereum held above $2,400, down 0.25% on the day. Among other majors, XRP, SOL, and BNB were broadly flat to slightly positive over 24 hours, while crypto sector performance was mixed. The AI sector rose nearly 1%, while DePIN fell 1.09% over the same period. The total crypto market held largely steady day over day.
South Korea’s KOSPI index fell as much as 4.76% intraday, losing the 5,500-point level, as rising US Treasury yields and a weak debut from a data center listing triggered broad selling.
Foreign investors net sold 636.7 billion won in the session, while pension funds and other institutions added another 467 billion won in net selling; individual investors and corporations tried to cushion the decline, net buying a combined 1.1 trillion won.
Trending Searches
Pudgy Penguins, Quantus, Pearl, Solana, and Pons were the top trending searches, with Solana up 0.2% to $105.24 and Quantus down 12.0% to $89.96. Among top gainers, startupSI led with a 163.4% surge to $0.0196, followed by torch up 96.8% to $0.0159, HoodPork up 87.2% to $0.0302, Citrea up 35.7% to $0.0181, and Bedrock up 34.9% to $0.598.
OpenAI Accelerates Funding Race Against Anthropic
OpenAI is seeking to complete a roughly $30 billion funding round at an unusually fast pace, aiming to finalize it before Anthropic’s expected IPO in mid-November. SoftBank and MGX are among existing investors in talks to participate, with the round potentially valuing OpenAI above $1.4 trillion.
OpenAI has told investors its annualized revenue has reached $50 billion and could hit $70 billion by year-end. Separately, Nscale is in talks with Anthropic for a compute deal worth approximately $45 billion, which would be the second major agreement between the two firms after Nscale’s IPO filing disclosed an existing $44.6 billion infrastructure agreement.
CME Lists First DeFi Futures Contract
CME Group launched Uniswap (UNI) futures for trading, offering two contract specifications with 24/7 trading support, making UNI the first DeFi protocol token to list futures on the exchange. CME had already launched Bitcoin Cash (BCH) futures a day earlier.
The listings follow a dispute between CME and the CFTC, which filed a brief last week arguing CME lacks standing to sue over the agency’s perpetual contract policy, noting CME’s own crypto futures volume rose rather than fell after the rule change.
Regulatory and Policy Developments
The Hyperliquid Policy Center submitted a comment letter to the SEC supporting its proposed crypto asset regulation rules, offering five amendments including formal codification of eligible airdrop determinations and clarified treatment of token buybacks.
The US Blockchain Association submitted comments on the Treasury’s proposed GENIUS Act implementation rules, calling for clearer liability boundaries excluding self-custody software and validators from stablecoin business definitions.
Google updated its UAE crypto advertising policy, requiring licensing from one of four designated regulators starting October 21. The US also moved to ban federal agencies from using DeepSeek products, citing cybersecurity law and barring the company from federal contracts.
Institutional and Market Structure Moves
BlackRock filed for a Bitcoin downside-protection ETF, ticker PBIT, structured to offer capped upside tied to IBIT while using options and fixed-income instruments to limit downside exposure. Ramp applied to the OCC for a national trust bank charter to offer fiduciary and digital asset custody services.
Related: 42% of Americans Want Crypto-Friendly Banks, but Financial Advice Falls Short
Pump.fun launched Pre-IPO tokens through PreStocks, letting users trade tokenized exposure to unlisted companies including OpenAI, Anthropic, and Anduril. Elysium, the first Layer 2 built on Hyperliquid’s HyperEVM, announced its mainnet will launch November 9.
Security Incidents
Blockchain security firm Salus reported that the Aztec Connect attacker, who stole roughly $2.19 million in a June exploit, laundered 1,255.8 ETH (about $3.01 million) through Tornado Cash in 30 transactions.
ETF Flows
SOL spot ETFs saw a $6.72 million net outflow, led by Bitwise’s BSOL. ZEC spot ETFs recorded a $10.45 million net outflow, while NEAR spot ETFs took in $5.42 million in net inflows, continuing a recent run of gains for the token.
Related: Crypto Market Cap Hits $3T: Why ETF Inflows May Not Stop a Market Drop
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