According to official news, SBI Holdings and Startale have announced their participation in Open Standard. The two companies will explore interoperability between OUSD and JPYSC, aiming to enhance the international liquidity of yen-denominated assets. Both companies will continue to deepen collaboration with Open Standard's global partner network to build a secure, trusted, and interoperable stablecoin ecosystem for the on-chain era within applicable regulatory frameworks.

Yoshitaka Kitao, Chairman and President of SBI Holdings, stated: "We are participating in Open Standard and exploring the proof of concept for interoperability between OUSD and JPYSC. SBI Group has become the first company in Japan to offer USD-denominated stablecoins USDC and RLUSD, and will continue to promote broader adoption of digital assets through collaboration with leading partners in Japan and overseas."

Sota Watanabe, CEO of Startale, stated: "We believe that piloting interoperability between JPYSC and OUSD is of great significance. The Japanese yen and the US dollar are the two most powerful and trusted currencies in the world, and enabling them to be seamlessly exchanged and used on-chain could unlock significant opportunities."

It is reported that JPYSC is a yen-denominated, trust-backed stablecoin issued by SBI Shinsei Trust Bank Co., Ltd. Open Standard is a stablecoin alliance composed of more than 140 leading global companies, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, dedicated to promoting the adoption of the stablecoin Open USD (OUSD).

Odaily reports: Prosecutors stated that in the case involving former NBA guard Malik Beasley allegedly manipulating his personal stats for betting purposes, 3 of the remaining 5 defendants plan to plead guilty, while 2 others have not yet accepted plea deals. The case involves conduct during Beasley's time playing for the Milwaukee Bucks.

Malik Beasley's lawyer stated that he currently does not intend to plead guilty and is still reviewing evidence and possible defense arguments; former NBA player Ed Davis also attended the hearing. Co-defendant William Brown has pleaded guilty to one count of conspiracy to commit wire fraud.

Prosecutors allege that Beasley conspired with Davis to adjust his personal stats in 4 games to reduce his gambling debts, while other defendants used the related information to place bets worth hundreds of thousands of dollars. The trial is tentatively scheduled to begin on May 17, 2027. (Bitcoin.com News)

Odaily News: According to Lookonchain monitoring, Bitcoin treasury company Hut 8 holds 10,300 BTC, worth $846 million, and appears to be selling Bitcoin. A wallet associated with Hut 8 (bc1q...xqka) has deposited 1,589 BTC, worth $130 million, to multiple exchanges over the past two days.

Odaily reports: According to MSX.COM data, U.S. stocks closed with the Dow up 1.08%, the S&P 500 up 0.33%, the Nasdaq up 0.08%, and the VIX fear index down 2.43%. AI-related stocks rose broadly, with SoundHound AI up 7.95%, The Trade Desk up 7.8%, EPAM up 6.66%, ServiceNow up 6.14%, and Atlassian up 6.09%.

It is reported that MSX is a leading RWA trading platform and has cumulatively listed hundreds of RWA tokens, covering popular U.S. stocks and ETF token targets such as Nvidia, GOOGL, MSFT, AMZN, META, TSM, and AMD.

Odaily reports that according to the latest Gate data, the price of gold has fallen to $4,156.44 per ounce, with an intraday decline of 0.36%. The price of silver has dropped to $57.192 per ounce, with an intraday gain of 0.29%.

In forex, USD/CNH rose 0.02% intraday, with the current exchange rate at 6.69038. USD/JPY rose 0.11% intraday, with the current exchange rate at 158.156.

In global stock indices, the Euro Stoxx 50 (EUSTX50) rose 0.81% intraday, at 6,189.73 points; the UK FTSE 100 (UK100) rose 0.21% intraday, at 10,826.2 points; and the Germany DAX 40 (GER40) rose 0.11% intraday, at 25,504.5 points.

In commodities, WTI crude oil fell 0.2% intraday, at $97.71 per barrel. Brent crude oil fell 0.12% intraday, at $107.53 per barrel.

Gate supports users in directly trading traditional financial market products within the platform, offering one-stop coverage of multiple asset classes including precious metals, forex, global stock contracts for difference (CFDs), major indices, and commodities, enabling deep integration between crypto assets and traditional financial assets. Gate TradFi-related features have been fully integrated into the Gate App and Web platforms, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market and continuously enhancing the multi-asset allocation experience.

Odaily reports: Ledger has released an investigation report on the hardware implant attack, stating that a highly organized criminal group purchased genuine Ledger devices over several months, disassembled them to implant custom hidden components designed to steal users' recovery seed phrases during device initialization, and then resold them through distribution channels in Southeast Asia. The attackers invested millions of dollars to build infrastructure for seed phrase collection, asset transfer, and money laundering, and coordinated their efforts to move victims' assets.

Ledger emphasized that this incident was not caused by vulnerabilities in the chip, operating system, or servers, but rather was a localized distribution channel attack that occurred after the devices left the company's control. Currently, Ledger has asked authorized resellers and distributors in Southeast Asia and Hong Kong to suspend sales and conduct sample inspections of inventory and retail channel devices, and no other tampered devices have been found.

In addition, Ledger has required authorized resellers not to resell any returned devices, even if the packaging is intact; it has also immediately prohibited displaying products on shelves or in display areas, requiring devices to be stored at the back of the store and handed over at the time of purchase. The company is working with law enforcement agencies and the security community to trace the stolen funds and will disclose more technical details in the future.

Odaily Report: Pirate Chain has released an update on its investigation into the exploit incident. On October 14, a transaction verification vulnerability was discovered in the Pirate Chain source code, which led to the unauthorized creation of approximately 39.8 million ARRR, increasing the total token supply by about 20%. These newly generated tokens were subsequently transferred into the Sapling privacy pool. After NonKYC detected suspicious deposits, it restricted the relevant accounts and blocked withdrawals. This exploit involved the failure of two verification steps: first, bypassing the inflation check, and second, incorrectly parsing the output script.

Odaily News: Bitcoin bottomed out and rebounded at $80,000, with previously strong coins recovering. NEAR is now trading at $5.3281, up 9.9% in 24 hours; ZEC is now trading at $1,234.78, up 8.53% in 24 hours; PYTH is now trading at $0.09335, up 10.5% in 24 hours, hitting a new high since last November; INJ is now trading at $8.563, up 11.98% in 24 hours, hitting a new high since last November.

According to Lookonchain monitoring, whale Hamr4x (Hamr4xk8...5NCn6) sold off 145,010 SOL again after two months, worth $15.25 million.

Odaily News: Sharjah Police in the UAE announced a joint law enforcement operation with the Ministry of Interior codenamed "End of Battle," dismantling four interconnected transnational criminal networks and arresting 33 suspects from 12 different nationalities, including key leaders of the criminal organizations. These criminal networks were involved in cyber intrusions, money laundering, digital wallet theft, fraud, extortion, illegal data trading, and violent attacks. Police seized assets worth over 200 million dirhams (approximately $54.5 million), launched reviews of more than 3,000 digital wallets, and protected over 30 companies and institutions worldwide, involving assets valued at more than 65 billion dirhams (approximately $17.7 billion).

Odaily reports that CoreWeave and Broadcom have voiced opposition to a stock tokenization trading application proposed by OKXICE, a joint venture between OKX and Intercontinental Exchange (ICE). The application seeks to allow the two companies' shares to be listed and traded on the blockchain in tokenized form.

According to reports, as more and more publicly listed companies oppose the tokenization of their shares, CoreWeave and Broadcom have joined the ranks of opposition. This trend could pose obstacles to the U.S. government and SEC's plans to promote tokenized trading of U.S. stocks. (The Information)

Odaily News: According to on-chain analyst Yu Jin's monitoring, a whale opened max-leverage long positions on BTC and ETH worth $187 million 4 hours ago. The BTC long position is 1,822 coins, valued at $150 million, with an entry price of $82,409 and a liquidation price of $80,634; the ETH long position is 15,270 coins, valued at $37.33 million, with an entry price of $2,455 and a liquidation price of $2,406. The whale's most successful previous trade yielded a profit of $14.8 million: going long on NEAR at $2.14 in late August and taking profit at $4.88 in late September.

Odaily reports that Meta Platforms (META.O) has launched a new open-weight AI model, Muse Spark Open, primarily targeting coding and AI agent tasks, but it has not open-sourced its most powerful model. Meta's Chief AI Officer, Alexandr Wang, stated that Muse Spark Open is not the most powerful model the company has developed or released.

Muse Wonder, which Meta launched earlier this week, still uses a closed-source model. Meta also acknowledged that Chinese open-weight models still outperform Muse Spark Open in software development and certain other tasks. Meanwhile, Meta has partnered with Apple (AAPL.O) to support developers in running Muse Spark Open locally across multiple high-end Mac computers. Apple has updated its MLX software toolkit to support running the model on Mac devices.

Odaily News: Pump.fun co-founder alon posted on X platform stating that since Pump's Custom Pairs feature launched last month, approximately $5.9 million worth of PUMP has exited circulation, representing 0.33% of the current circulating supply. This mainly includes tokens locked in liquidity pools, burned tokens, and tokens held in protocol fee wallets.

He noted that if PUMP-related trading pair activity maintains its current level, on an annualized basis, the amount of PUMP exiting circulation each year would be equivalent to approximately 3.35% of the current circulating supply. Additionally, he believes that as on-chain trading activity grows, Custom Pairs could bring more trading volume and buy-side demand to smaller-cap meme coins and other on-chain tokens.

Odaily reports that AMC CEO Adam Aron has once again expressed opposition on the X platform regarding Robinhood's issuance of stock tokens, stating that AMC does not agree with Robinhood issuing tokens in the US that replicate AMC stock.

Aron stated that such tokens are "fake synthetic stocks" and could impact AMC's capital structure. He also said that the SEC requires Robinhood to obtain AMC's consent, or at least ensure that AMC does not raise objections, and emphasized that AMC should control its own financial destiny rather than have it decided by Robinhood.

According to Odaily, citing Gate data, South Korea's KOSPI index opened up 96.45 points, or 1.74%, at 5,650.67 on Friday, October 16. Both SK Hynix and Samsung Electronics rose over 2%.