Odaily News: Singapore Gulf Bank has adopted BNY's 24/7 USD ledger transfer service, allowing eligible corporate and retail clients to settle qualifying USD payments on weekends and U.S. public holidays.

The service supports account funding, corporate payables, and time-sensitive cross-border cash management transactions, with USD able to be settled at any time between eligible accounts held directly at BNY or through correspondent banks connected to the network. Singapore Gulf Bank stated that it is among the first financial institutions globally to adopt the system.

Bana Akkad Azhari, BNY's Head of Global Payments and Trade for EMEA, said that round-the-clock USD settlement can enhance institutions' flexibility in liquidity management and meeting urgent financial obligations. The service is only available to eligible institutions and accounts and does not replicate permissionless blockchain settlement models. (Bitcoin.com News)

Odaily reports: Hardware wallet manufacturer Ledger has stated that during the investigation, it has asked distributors and resellers in Southeast Asia and Hong Kong, China to suspend sales of Ledger devices and remove products from shelves, covering Indonesia, Singapore, Thailand, the Philippines, Vietnam, Malaysia, and Hong Kong, China. The confirmed incidents remain limited to Southeast Asia, and no cases of stolen funds related to devices purchased in other regions have been verified. Ledger will continue to identify at which point in the distribution chain the devices were tampered with, and Ledger Donjon will analyze the devices it receives. There are currently no indications that Ledger's own infrastructure, systems, services, or direct sales channels have been compromised. Previously, Ledger confirmed that devices sold by Southeast Asian reseller CryptoBilis had malicious components implanted in them.

Odaily News: Avalanche stated on October 13 that the Korea Securities Depository (KSD) is building Avalanche-based infrastructure connectivity for South Korea's security token market. KSD's technical guidance lists Avalanche alongside Hyperledger Besu and Hyperledger Fabric as one of multiple ledger technologies planned for support, rather than the sole choice. The project has moved from the testbed stage to the production platform construction phase, with Samsung SDS winning the contract to build it. It is scheduled for completion in February 2027, at which point it will support real transactions and on-chain settlement.

Odaily reports: Bitcoin News posted on X platform that Bloomberg ETF analyst @JSeyff disclosed that although BlackRock executives had begun preparations to launch a Bitcoin ETF, Larry Fink had previously been skeptical about Bitcoin. Due to internal board discussions and events such as the FTX collapse, the project is said to have nearly been halted multiple times; currently, BlackRock operates the world's largest spot Bitcoin ETF.

Odaily News: Bank of New York Mellon (BNY) and Citadel Securities completed a triparty repo transaction using tokenized US Treasuries. Citadel Securities purchased a 2-year US Treasury through BNY on the Tradeweb platform, with the tokenized representation of the Treasury recorded on BNY's private digital ledger and settled within minutes; subsequently, Citadel Securities used it as collateral for overnight triparty repo financing, with BNY providing cash. BNY stated that it plans to launch more digital cash and tokenized deposit features to support on-chain settlement and financing, and expects to extend the operating hours of traditional settlement platforms to European and Asian trading sessions next year.

Odaily reports: Boston Fed President Collins said interest rates may need to be raised further before the end of this year to curb inflation. Regarding whether further rate hikes are needed and the timing of such hikes, she said the judgment will depend on upcoming economic data. Collins expects the U.S. economy to continue growing and the labor market to remain near full employment. She said: "In this scenario, as continued efficiency gains support the balance between demand and supply and help cool inflation, inflation will gradually fall back to 2%." But she warned that two other scenarios are almost equally likely. AI demand could drive an investment boom larger than expected, further boosting household spending, overheating the labor market, and keeping inflation persistently above the Fed's target. In addition, price pressures from tariffs and energy prices, especially if the Iran war continues, could prolong inflation challenges. Collins said: "It is important to observe whether high inflation remains mainly confined to energy and AI infrastructure-related sectors while price growth continues to slow in other areas, or whether signs of broadening price pressures are emerging." (Jinshi)

Odaily News: The total value of tokenized stocks has approached $3.3 billion, growing 15% over the past 30 days. On major blockchains such as Solana and BNB Chain, the majority of tokenized stock trading occurs outside of regular U.S. market hours.

On BNB Chain, over 70% of tokenized stock trading volume occurs outside of 9:30 AM to 4:00 PM Eastern Time, compared to 63% on Solana and close to 60% on Base. On Solana, tokenized asset trading volume on the Jupiter trading platform grew 50% month-over-month.

The U.S. Securities and Exchange Commission (SEC) last month introduced an "innovation exemption" allowing qualifying trading venues to trade tokenized U.S. stocks on public blockchains. SEC Commissioner Mark Uyeda stated that relevant platforms must disclose USD-denominated trading prices, sizes, timestamps, and daily trading volumes, as well as publicly disclose liquidity pool addresses and balances. (Cointelegraph)

Odaily reports: Pump.fun posted on X platform that since the BOOST model was launched about 3 months ago, it has cumulatively reinjected $106 million in liquidity back into the ecosystem. Launched in July, the BOOST model is the standard issuance mechanism for all newly issued tokens on Pump.fun, designed to reinject the "dead liquidity" lost during token migration back into every token that completes its bonding curve. Pump.fun previously stated that more than $100 million in "dead liquidity" is lost each year due to token migration.

Odaily News: Global automated brokerage Interactive Brokers (IBKR) has announced the launch of a crypto staking service powered by crypto infrastructure company Zerohash. Initially, eligible clients can directly stake or unstake ETH through the Client Portal. Interactive Brokers manages $964.7 billion in client assets and has previously offered trading services for Bitcoin, ETH, Litecoin, and Bitcoin Cash.

Staking rewards earned by clients will be automatically added to their staked positions, allowing them to earn additional rewards. Interactive Brokers CEO Milan Galik stated that staking provides clients with the opportunity to earn rewards on the crypto assets they hold. (Bitcoin.com News)

Odaily News: Bitcoin News posted on X that OneKey has terminated its partnership with reseller CryptoBilis and is offering free replacements after Ledger confirmed that devices sold through this reseller contained unauthorized hardware implants. Blockchain investigator Specter estimates related losses exceed $86 million. Ledger has not yet confirmed the total losses and stated that confirmed cases involve only CryptoBilis inventory, not its own channels. OneKey CEO Yishi Wang said no users have reported losses so far, but user asset security cannot rely on luck.

According to Odaily, USDC Treasury burned approximately 135 million USDC on the Ethereum network at 01:42 today, valued at approximately $135 million, and the burn transaction has been successfully confirmed. Circle minted approximately 168 million USDC on the Ethereum network at 00:49 today.

According to Gate data, gold (XAUUSD) has fallen to $4,150/oz, currently trading at $4,149.80/oz, down 0.5% over the past 24 hours.

According to Bitcoin Treasuries monitoring, Super League (SLE), the U.S. Bitcoin treasury subsidiary of Japan's Metaplanet, purchased its first Bitcoin—1 BTC in total—prior to the completion of the transaction. This move will enable Metaplanet to access capital markets spanning two continents.

Odaily reports: Bitcoin News posted on X that Jeonbuk Bank is said to have begun issuing Korean won loans to enterprises collateralized by Bitcoin, and local Korean media called this a first for a Korean commercial bank. The Bitcoin is held by a third-party custodian; enforcement rule changes effective October 1 allow the bank to recover funds by selling the collateral through a court ruling without actually taking possession of the Bitcoin. The loan size, interest rate, and loan-to-value ratio have not been disclosed. A representative of Jeonbuk Bank told Chosun that one loan has already been issued.