Odaily Report: Digital asset bank Anchorage Digital has partnered with Visa to allow Visa and eligible enterprises to use the USD stablecoin USDPT, issued and custodied by Anchorage Digital Bank, for settlement on the Visa network. USDPT is issued by Western Union and is the first Anchorage-issued token approved for this settlement arrangement.The two parties stated that additional Anchorage-issued stablecoins can be included in the arrangement in the future. Anchorage Digital CEO Nathan McCauley said institutions need settlement solutions that combine stablecoin speed with the safeguards of a regulated institution. (Decrypt)

Odaily reports: Fintech company SoFi has integrated its issued stablecoin SoFiUSD into the Polygon Open Money Stack. The stablecoin is the first to be issued by a nationally chartered US bank and was previously live on Ethereum and Solana; SoFi's more than 17 million users can buy, hold, and swap SoFiUSD through the SoFi app without needing to open a separate crypto wallet or manually bridge across chains.SoFiUSD is redeemable 1:1 with the US dollar, issued by SoFi Bank, which is regulated by the US Office of the Comptroller of the Currency, and is already used to settle all of SoFi's Mastercard card business. The stablecoin is not a bank deposit, is not insured by the FDIC or SIPC, and is not guaranteed by the bank or classified as legal tender. (Decrypt)

Odaily — The BUIDL liquidity tool launched by Securitize and Ethena Labs has reached $100 million in size, enabling eligible investors to redeem tokenized fund shares for supported stablecoins, including USDC, outside traditional market trading hours. At launch, the tool provides $50 million in initial liquidity, split evenly between BUIDL and USDC; as liquidity is utilized, an additional $50 million can be replenished within one hour.

Odaily reports that Thailand plans to set a daily limit of $148,000 for stablecoin deposits and withdrawals respectively. (Cointelegraph)

Odaily reports: Coinbase EU Policy Chief Roeland Van der Stappen stated that tightening regulation of decentralized finance (DeFi) in the European Union could prompt regulated crypto platforms to restrict or cease offering DeFi services, pushing users toward platforms with less investor protection. He noted that if suitability tests were extended to DeFi services beyond lending, stablecoin swaps and leveraged lending could be treated in the same manner.Roeland Van der Stappen said that lending, liquidity provision, and on-chain swaps are most likely to be affected, and some service providers may scale back services or completely revoke DeFi access. He believes that restricting access through regulated platforms could also fragment DeFi liquidity, leading to worse trading prices for EU users and driving users toward service providers outside the EU with fewer safeguards. (Cointelegraph)

Odaily reports: HYPE treasury company Hyperion DeFi (NASDAQ: HYPD) has released its Q3 2026 financial results. As of September 30, the company held approximately 1.848 million HYPE tokens, a decrease from 2.04 million at the end of Q2, primarily due to the sale of some HYPE to repay debt. At $90.83 per token, the HYPE holdings are valued at approximately $167.9 million, with the company's net asset value at approximately $182.4 million. Meanwhile, staking revenue for the quarter reached $785,000, up 49% quarter-over-quarter; approximately 10,885 HYPE were earned through staking and validator operations. As of October 31, approximately 6.3 million HYPE had been delegated to the company's validators.Additionally, the company's Q3 revenue was approximately $810,000, up 168% year-over-year; net profit was approximately $39.59 million, compared to $6.63 million in the same period last year; adjusted EBITDA was approximately $48.66 million, down from $53.65 million in Q2, primarily due to a $5.7 million LST adjustment during the period. As of September 30, the company's cash, cash equivalents, and stablecoins totaled approximately $14.54 million.

Odaily reports: According to Gate's latest institutional weekly report, affected by the U.S. stock market correction and macroeconomic risks, market appetite has come under pressure, with the S&P 500 and Nasdaq falling 2.68% and 3.37% respectively. The crypto market also pulled back in tandem, with BTC and ETH declining 3.28% and 1.5% respectively. Institutional allocation to spot ETFs has become more cautious, with BTC and ETH ETFs seeing net outflows of $1.282 billion and $365 million respectively. Against the backdrop of deleveraging and rising hedging demand, Gate's cross-asset advantage has become evident: Gate TradFi weekly trading volume grew 13% quarter-over-quarter to approximately $13 billion, with ETFs rising to 25% of stock trading.On-chain trading volume on major DEXs declined, and stablecoin supply fell 1.73% week-over-week, while Aave borrowing balances rebounded 1.8%. On the derivatives side, BTC futures open interest (OI) fell 3.61%, while options OI grew 10.80% against the trend. Skew remained negative across all tenors, and DVOL rose 1.76% for the week, indicating that deleveraging and demand for downside protection are coexisting.Facing macroeconomic uncertainty, Gate leverages the multi-asset synergy of its institutional business to integrate instruments including stock spot, stock futures, gStocks, and CFDs, continuously expanding cross-market allocation and trading options for institutional clients, and comprehensively meeting professional clients' needs for cross-platform trading, liquidity management, and hedging.

Odaily reports: Griffin has announced the completion of a $20 million Series B funding round, led by Octagon Partners, with participation from existing investors including Notion Capital, A+ Ventures, Nordic Ninja, and Breega. The company's valuation exceeds $100 million. The funds from this round will be used to expand card issuance and stablecoin-related services. In March 2024, Griffin completed a $24 million funding round led by MassMutual Ventures, Nordic Ninja, and Breega, and obtained a full banking license at that time.

Odaily: Gemini has sold its UK and Europe business to stablecoin payments company KAST for under $10 million. According to people familiar with the matter, Gemini Space Station (GEMI), the holding company founded by the Winklevoss brothers, completed the deal. About a month ago, a KAST job posting referenced the transaction, requiring the new General Manager for Europe to oversee the transfer of Gemini's UK and EU employees' operations. Gemini declined to comment. A KAST spokesperson did not directly address the deal but said the company is actively pursuing M&A opportunities as revenue and business coverage expand. The sale follows Gemini's decision to scale back its international operations and restructure its business to reduce costs and achieve profitability. In February of this year, Gemini announced plans to gradually wind down operations in the UK, EU, and Australia, and cut approximately 25% of its global workforce, while retaining operations in the US and Singapore markets.

1. Cypherpunk pioneer Adam Back: Bitcoin will reach $1 million by 2028;2. XXAntiWar reveals nearly $10 million in contract profits this year, closing long positions on US stocks this morning for a gain of $4.119 million;3. Musk: It would be an honor to have Jensen Huang join;4. Wall Street warns of Nvidia succession risk: stock price could plummet over 20% if Jensen Huang is forced to step down;5. "White Hair Stock God" Serenity: Hopes Nvidia can withstand pressure and support Jensen Huang in staying on as CEO;6. Nvidia contract open interest on Hyperliquid grew 5.8x in 7 days, single-day trading volume breaks $1 billion for the first time;7. Upbit parent company Dunamu completes technical preparations for stock tokenization, South Korean lawmaker advocates passing the Digital Asset Basic Act by early next year;8. South Korea plans bank-led issuance of Korean won stablecoin, exchanges and payment platforms to compete for deposit and settlement markets;9. Overnight US memory chip stocks rally broadly, SanDisk up over 13%;10. As AI companies face scrutiny, Alphabet launches Asian bond issuance.