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Cantor Fitzgerald has introduced a new Bitcoin fund designed to offer investors the potential for Bitcoin's growth while also providing a safety net against its well-known volatility. The fund, named the Cantor Fitzgerald Gold Protected Bitcoin Fund, aims to attract investors who are cautious about Bitcoin's significant price swings. This new investment vehicle, which has a five-year duration, combines Bitcoin's upward trajectory with a downside protection mechanism linked to the price of gold.
The strategy behind the fund is to use gold, a traditional safe-haven asset, to mitigate risk during market downturns. The firm's head of asset management, Bill Ferri, stated that with risk assets near all-time highs, timing and protection are crucial. The fund is structured to minimize the impact of short-term volatility and correlation spikes, while allowing investors to benefit from the long-term appreciation of Bitcoin. Source
Sky, the crypto protocol formerly known as Maker, has entered the competition to become the issuer and manager of USDH, a new stablecoin planned by decentralized exchange Hyperliquid. This makes Sky the fifth major project to propose its services for the Hyperliquid-first stablecoin, joining other contenders like Native Markets, Frax, Paxos, and Agora. Sky’s co-founder, Rune Christensen, outlined a proposal that promises Hyperliquid a 4.85% return on all USDH on its platform, a rate that he claims is "significantly above the T-Bill rate."
The proposal from Sky also highlights other benefits, including the ability for USDH to convert to a yield-bearing version of its USDS stablecoin and a customizable design that could allow it to be compliant with U.S. stablecoin laws like the GENIUS Act, which prohibits interest payments on stablecoins. The Hyperliquid community, which will ultimately vote on the chosen proposal after the network's next upgrade, has received multiple bids from these competing firms, with even the CEO of investment giant VanEck making a public appeal for his son's firm, Agora. Source
The U.S. Securities and Exchange Commission's (SEC) crypto task force, led by Commissioner Hester Peirce, is set to host a public roundtable on financial surveillance and privacy on October 17. This event marks the sixth such meeting for the task force, which was formed earlier in 2025 to address issues in the digital asset space and propose changes to the commission's regulations. The task force's efforts, including a series of ten roundtables across the US, are taking place as the SEC considers new rules that could lessen the regulatory burden on U.S.-based crypto companies.
The SEC and the Commodity Futures Trading Commission (CFTC), the two main U.S. financial regulators, have recently adopted a more lenient approach toward crypto companies, including dropping certain investigations and lawsuits. Both agencies are now exploring the possibility of 24/7 capital markets and are making a coordinated effort to oversee spot crypto trading, following recommendations from the President's Working Group on Digital Asset Markets. These regulatory developments are occurring as a proposed law, the Responsible Financial Innovation Act, which could provide further clarity, makes its way through Congress. Source
A new appropriations bill in the U.S. House of Representatives aims to compel the Treasury Department to provide a detailed report on the feasibility and governance of a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. The legislation, introduced by Representative David Joyce, seeks to build on a prior executive order by defining the practical mechanics of the reserve. The bill, if passed, would require the Treasury to report within 90 days on a range of topics, including the legal authority, custody architecture, and cybersecurity protocols for all digital assets held by the federal government.
The proposed provisions would also address how interagency transfers would work and how Bitcoin would be treated on the government’s balance sheet. According to legal experts, this move could establish a baseline for the broader cryptocurrency industry by defining official custody standards, key management practices, and accounting treatments. The bill's progression now depends on its consideration on the House floor and broader negotiations over federal spending. Source
Upbit, the largest cryptocurrency exchange in South Korea by trading volume, has announced the launch of its own Ethereum Layer 2 network called GIWA. Built using Optimism's OP Stack, this new network is part of a strategic effort by Upbit's operator, Dunamu, to expand beyond its core exchange services and compete in the global blockchain infrastructure space. The move comes as Dunamu believes the Korean market is falling behind in blockchain development. GIWA is designed to offer scalability through optimistic rollups, privacy features, and a mobile wallet for digital assets, with a public testnet already live.
The development of GIWA, while still in its early stages, raises familiar questions about centralization, as it is expected to initially use a single sequencer controlled by Upbit, similar to Coinbase’s Base network. Analysts note that this model gives exchanges considerable control over transaction ordering. However, they also point out that this is a pragmatic move for Upbit to leverage its massive user base and liquidity to find new growth drivers, especially since its previous diversification attempts have not been successful and its domestic trading volumes have declined since 2021. Source
Markethive's "supergroups" are a core component of its platform, designed as fully customizable e-commerce solutions that function as a central hub for marketing campaigns and lead nurturing. These supergroups are not just social spaces; they are integrated online storefronts with a suite of tools for entrepreneurs to expand their reach. The system features advanced marketing capabilities for creating targeted email sequences, social media campaigns, and lead generation funnels. Supergroups also include broadcasting features that allow administrators to share content with a group's entire social network, and a blogging platform that facilitates team collaboration and provides comprehensive management reports.
Supergroups are presented as a solution for streamlined lead generation and conversion, guiding potential customers from initial contact through branded advertising campaigns and funnels directly into a dedicated environment. Once a prospect enters, they are greeted with a splash page and integrated into the group’s ecosystem, which includes a newsfeed and e-commerce capabilities for direct monetization. The system enhances lead nurturing by providing verified prospect information, a sign-up bonus of 500 Markethive Tokens, and the option for vanity promo codes to incentivize new members. The platform also features a robust referral system that credits sign-ups to group owners, individual members, or a shared group rotator, and provides a personalized landing page for members upon login. Source
Ant Digital Technologies, a division of the Chinese fintech giant Ant Group, is in the process of tokenizing 60 billion yuan, or approximately $8.4 billion, worth of energy infrastructure assets on its proprietary blockchain network, AntChain. The company is already monitoring data from 15 million energy devices across China, including wind turbines and solar panels, and uploading this information to the blockchain. The company has already used this approach to secure funding for three clean energy projects, raising a total of around $42 million.
This initiative is part of the growing trend of real-world asset (RWA) tokenization, which involves converting physical assets into digital tokens on a blockchain. This process bypasses traditional financial intermediaries, making it faster and more cost-effective for companies to access funding. Ant Digital is also exploring the possibility of listing these tokens on offshore exchanges to increase liquidity, though this would be subject to regulatory approval. Source
Ant Digital Technologies, the enterprise solutions arm of Ant Group, has reportedly connected over $8.4 billion worth of Chinese energy assets to its blockchain platform, AntChain. The company is actively monitoring 15 million renewable energy devices, such as wind turbines and solar panels, and feeding this real-time data onto the blockchain. This initiative has already been used to successfully finance three clean energy projects, raising a total of approximately $42 million. Experts believe that early adoption of this tokenization will likely be institutional, as opposed to retail, due to the nature of alternative investments.
The tokenization model allows each token to represent a proportional claim on the cash flows of the underlying assets. Real-time data from the energy devices is relayed to the blockchain, providing a transparent and tamper-proof view of production and payouts for auditors, regulators, and investors. Ant Digital's next step is to issue tokens linked to these assets and explore listing them on offshore decentralized exchanges to create more liquidity. However, this move is dependent on gaining regulatory approval. Source
MegaETH, an Ethereum Layer 2 protocol, has partnered with Ethena to introduce a new yield-bearing stablecoin called USDm. This stablecoin is being launched on Ethena's USDtb infrastructure, which is backed by tokenized U.S. Treasury bills held in BlackRock's BUIDL fund. The primary purpose of this stablecoin is to create a new business model for the L2 that moves away from relying solely on transaction fees for revenue. Instead, the yield generated from the USDm's reserves will be used to subsidize and lower the sequencer fees, which are the costs incurred when the L2 publishes batches of transactions to the main Ethereum blockchain.
The co-founder of MegaETH, Shuyao Kong, has stated that this innovative approach will result in lower fees for users and provide more opportunities for application developers. By funding its operations through financial revenues from the stablecoin's reserves, MegaETH aims to offer a more stable and cost-effective network. This model is a response to the current market environment where the supply of yield-bearing stablecoins has increased, and comes at a time when fees on the Ethereum network have seen a recent decline. Source
Grayscale, an investment manager, has filed an application with the SEC to convert its Grayscale Chainlink Trust into an exchange-traded fund (ETF). The proposed ETF, which would trade on NYSE Arca under the ticker "GLNK," is designed to give both institutional and retail investors exposure to Chainlink (LINK) without having to directly purchase the digital asset. Coinbase Custody would be responsible for storing the tokens, while Bank of New York Mellon would handle administrative duties. The fund would initially use a cash-based system for the creation and redemption of shares, with the possibility of later allowing direct LINK token transfers.
Grayscale's move is part of its broader strategy to expand its offerings beyond Bitcoin and Ethereum ETFs into other digital assets. The company is also exploring the option of staking the LINK tokens held in the fund to generate additional returns, which would be contingent on receiving the necessary tax and regulatory approvals. The filing makes Grayscale the second asset manager, after Bitwise, to pursue a Chainlink-focused ETF, indicating a growing institutional interest in gaining exposure to cryptocurrencies through traditional investment vehicles. Source
Ripple has announced a new agreement with BBVA, a major Spanish bank, which will see BBVA utilize Ripple's digital asset custody solution. This collaboration comes after BBVA recently launched its own crypto-asset trading and custody services in Spain for retail clients, offering access to Bitcoin and Ethereum. By integrating Ripple's institutional-grade custody technology, BBVA aims to provide a secure and compliant end-to-end custody service, leveraging a proven solution to meet the growing client demand for digital asset exposure.
This partnership further solidifies the existing relationship between Ripple and the BBVA group, which already includes collaborations with BBVA Switzerland and Garanti BBVA in Turkey. The move is also timely as European banks prepare for the implementation of the new Markets in Crypto-Assets (MiCA) regulations, which aim to establish a uniform framework for the crypto market across the EU. The article also mentions that while XRP’s price is currently consolidating, a breakout could fuel an upside move. Source
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
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