Odaily News: Investor Bastion Trading has stated that it will not participate in SkyAI's proposed $201 million tender offer unless SkyAI addresses governance, disclosure, and pricing issues. Bastion Trading and its affiliates collectively hold approximately 9.99% of SkyAI's common stock. SkyAI plans to acquire up to 95% of its outstanding shares and eligible warrants at $3 per share.
Bastion Trading is questioning the scale of SkyAI's sale of approximately 70% of its SOL treasury assets. SkyAI previously claimed to have sold about 1 million SOL, but subsequent regulatory filings showed it had only about 600,000 SOL remaining. Bastion Trading is demanding disclosure of the sale timing, average transaction prices, proceeds, transaction costs, and approval processes, as well as an independent review before the tender offer begins.
Bastion Trading is also demanding the replacement of SkyAI board members, the establishment of an independent special committee to oversee the tender offer process, and a price increase to at least $3.50 per share. It is also calling for the removal of the $100 SOL price condition and the 50% minimum participation threshold, the exclusion of strategic advisor warrants, and a prohibition on insiders tendering their securities. (Bitcoin.com News)
PPP prediction market tool monitoring shows that in the "League of Legends S16 World Championship Play-In Stage C9 vs KC" prediction event, an account with a loss of $100,000 (0x8a8685a792c184e5c2ee8c7d4d4baba7c2c94998) purchased $50,000 on C9 defeating KC, with an average entry price of 32¢ and 156,250.0 shares bought.
This match starts at 2:00 on October 16, in a BO5 format. The winner advances to the winner's bracket final, awaiting the winner of FURIA vs MVK;
The loser falls into the loser's bracket, and one more loss means elimination. The play-in stage features four teams playing six BO5 series, with only one team ultimately advancing to the Swiss Stage (placed in the fourth seed pool).
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According to Odaily, predict.fun posted on X that the first Predict the Worlds competition is now live, along with the launch of a real-time chat feature, allowing users to share predictions and communicate with other traders.
Odaily: U.S. cryptocurrency trading platform Binance US is seeking to raise up to $100 million in funding at a target valuation of approximately $1 billion. This valuation represents a decline of about 78% from its $4.5 billion valuation prior to its previous funding round in 2022.
Binance US raised over $200 million in 2022, with investors including Foundation Capital, RRE Ventures, Circle Ventures, and VanEck. The platform is working to rebuild its market share by reducing fees, launching new products, and expanding its U.S. business coverage.
Binance US plans to expand to all 50 U.S. states and apply for a derivatives license to explore perpetual futures, prediction markets, and other financial services. The platform restored USD deposits and withdrawals via ACH transfers in February 2025, and CEO Stephen Gregory assumed office in March 2026. (Bitcoin.com News)
Odaily reports — In the theft incident involving crypto hardware wallet manufacturer Ledger, one of the biggest victims was also a scammer, who lost over 60 BTC worth approximately $4.8 million. The funds in question came from a task scam: participants were hired to fake sales and reviews for real products. A "negative balance" then appeared, and participants were told they had to put in their own funds in order to get paid. On September 22, the operator behind the scam transferred the proceeds to 3 separate Ledger addresses. On October 9, thieves emptied these 3 addresses, each transferring funds to the same wallet via a single transaction. The receiving wallet has been reported as being involved with stolen funds.
Odaily reports that Sweden's central bank (Riksbank) has recommended that lawmakers prepare relevant legislation for the possible launch of a digital krona, citing reasons including the European Central Bank's (ECB) advancement of the digital euro and the increasing use of foreign currency stablecoins. In a letter to the parliament's finance committee on October 7, the bank stated that the ECB plans to conduct a digital euro pilot in 2027 and may launch it to the public in 2029.
The Riksbank pointed out that if the payment system lacks a digital version of the national currency, its competitiveness could be affected. The bank believes that foreign currency stablecoins, such as those pegged to the US dollar, being widely used for payments within Sweden could put pressure on the use of the Swedish krona, though short-term risks are limited. The Riksbank estimates that launching the digital krona will take at least five years, not including the time required for legislative changes. (Cointelegraph)
Odaily News: The Brazilian Securities Commission (CVM) has issued Resolution No. 249, launching a tokenized securities pilot program to test the simulation of stock trading and securities issuance, operation, and management on blockchain networks. The project will be conducted in a controlled environment, using stocks and funds that are specially created simulated assets, with no real financial risk involved.
The project will compare the advantages and disadvantages of public chains versus private chains for securities business, and assess risks including cybersecurity, smart contracts, interoperability, and network resilience. Blockchain networks participating in the pilot must encode market rules into smart contracts, ensure privacy in securities operations, and remain subject to regulatory audits.
The CVM will also use AI tools to assist with market monitoring. Brazil's largest stock exchange, B3, is building a tokenization platform, planned for launch in 2027, which will use a proprietary stablecoin. Initially, it will not offer 24/7 trading and will integrate liquidity pools from both digital assets and traditional markets. (Bitcoin.com News)
Odaily News - Financial services company Charles Schwab has completed the rollout of direct Bitcoin and Ethereum trading for eligible retail clients. The company manages approximately $13.33 trillion in client assets and has 40.3 million active brokerage accounts.
Charles Schwab CEO Rick Wurster stated that the company is gradually rolling out cryptocurrency deposit and withdrawal functionality, and plans to add trading for Solana, Avalanche, and Chainlink by the end of 2026. Currently, transfers support the Bitcoin network and the Ethereum network, and withdrawal addresses must be pre-registered.
Schwab Crypto charges a 0.75% trading fee, with a minimum transaction amount of $1 and a maximum of $2 million. Rick Wurster stated that cryptocurrency trading will become one of the new transaction-based revenue streams; the platform is currently not available in New York State, Louisiana, U.S. territories, or international markets. (Bitcoin.com News)
Odaily: According to market sources, BInance.US is seeking $100 million in funding to expand its crypto business.
Odaily reports that Coinbase Assets announced that, based on a recent asset review, Coinbase will suspend trading of Neon EVM (NEON) and Syndicate (SYND) at around 3:00 AM Beijing Time on November 17, 2026.
Odaily reports that the crypto market is caught in a tug-of-war between bulls and bears: on one hand, digital asset analysts remain bullish; on the other hand, the speculative market as a whole is turning defensive, with risk appetite under continued pressure. Bitcoin briefly fell below $80,000 for the first time in nearly a month. Dragged down by the sell-off in the U.S. stock market's AI sector, risk assets broadly retreated, and the bullish sentiment the crypto market had previously attempted to rebuild was once again undermined.
Jeff Anderson, head of STS Digital's U.S. division, said inflation data will "deal a severe blow to risk appetite," while the market is entering a quiet period ahead of the Federal Reserve's policy meeting, with rate expectations still shrouded in uncertainty. Nick Forster, founder of Derive.xyz, said that over the past 24 hours, the market-implied probability of Bitcoin reaching $100,000 by Christmas dropped 2.8 percentage points to 9.7%. He noted that the rapid retreat of long-term bullish bets and the surge in short-term hedging demand indicate that institutional participants are rapidly reassessing macro risk exposure as the interest rate outlook once again becomes murky. (Bloomberg)
Odaily reports: Uniform Labs, the developer of tokenized asset settlement platform Multiliquid, has raised a cumulative $8 million across seed and pre-seed funding rounds, with the latest seed round led by Polychain and participation from Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures, and Circle Ventures, among others. Multiliquid enables institutions to convert between tokenized assets and stablecoins through single atomic transactions, and is currently deployed on Ethereum and Solana. The platform operates on a non-custodial model and supports net asset value (NAV)-based conversion settlement. The funding will be used to expand the protocol's R&D team, bring in liquidity and trading platform partners, and expand tokenized cash and U.S. Treasury products on Ethereum Virtual Machine (EVM) networks and Solana. (The Block)
Odaily reports: Patrick Collison posted on X that more than a year after Privy joined Stripe, its wallet asset scale has grown to about 25 times its previous level, its number of monthly active developers has grown about 3 times, and its revenue has grown about 9 times. It currently facilitates nearly $25 billion in transactions per month. Companies such as Ramp, Deel, Klarna, and Hyperliquid are building embedded banking features based on Privy. Stripe is integrating Privy into Treasury, Link, and Connect, and plans to launch a Link balance feature. Privy's wallet infrastructure already supports AI agents in conducting transactions and earning income. Stripe, together with Privy, Bridge, and other businesses, is building a unified API to support holding stablecoin balances and earning yield, fiat funding inflows and outflows, and arranging spending through bank cards.
Odaily News: Nvidia CEO Jensen Huang stated that data center operator CoreWeave's financial condition is improving. Nvidia is CoreWeave's computing equipment supplier. Speaking at an event in Stockholm, Huang said: "CoreWeave's strength is growing every day." He believes there is no need for Nvidia to provide financial guarantees for CoreWeave. "I am optimistic. In fact, their cost of capital is declining."
Previously, confidence in CoreWeave in the credit market had deteriorated, with concerns that its default risk was rising, and Huang is seeking to restore market confidence in the company. CoreWeave is an important case for testing the sustainability of the business models of emerging AI infrastructure companies. These companies have emerged to meet what companies like Nvidia describe as nearly unlimited growth in AI computing demand. Companies such as CoreWeave have borrowed heavily with the support of suppliers including Nvidia, raising market concerns about circular financing creating artificial demand.
Odaily reports that Bitcoin News posted on X that Lewis Barber has filed a lawsuit in the London Commercial Court against BitMEX operator HDR Global Trading, claiming 324.8 BTC, worth approximately $27.2 million. The lawsuit concerns 1,053 losing perpetual contract trades between 2018 and 2022, arguing that HDR Global Trading was not authorized by the UK Financial Conduct Authority (FCA) to provide UK derivatives services, and therefore the related trades should not be enforceable. BitMEX said the lawsuit has been filed but has not yet been served; the exchange closed in September.
Odaily reports that Fox Business crypto journalist posted on X platform that Jonathan Gould, head of the U.S. Office of the Comptroller of the Currency, stated that the OCC's final rule implementing the GENIUS Act is expected to be released "very soon," no later than the end of October. Jonathan Gould made these remarks at the Milken Institute's "Building the New Digital Economy" event, which was held alongside DC Fintech Week.
