BTC $81,417.42 -0.19%
ETH $2,414.71 -1.09%
BNB $717.78 -0.90%
XRP $1.30 -1.40%
SOL $104.01 -0.55%
TRX $0.3358 +0.35%
DOGE $0.0794 -1.62%
ADA $0.2208 -1.97%
BCH $274.72 -0.86%
LINK $11.96 -3.61%
HYPE $78.81 -0.23%
AAVE $153.85 -2.74%
SUI $0.9871 -3.85%
XLM $0.1777 -2.22%
ZEC $1,150.41 -3.35%
AAPL $343.56 -0.54%
AMZN $249.44 -1.95%
GOOGL $340.01 -1.37%
MSFT $528.38 -0.64%
META $707.99 -1.96%
NVDA $214.44 -1.45%
TSLA $352.20 -2.21%
SNDK $1,295.68 -3.57%
INTC $89.22 -2.77%
SPCX $145.63 -0.27%
MU $875.66 -2.93%
AMD $528.51 -2.88%
BTC $81,417.42 -0.19%
ETH $2,414.71 -1.09%
BNB $717.78 -0.90%
XRP $1.30 -1.40%
SOL $104.01 -0.55%
TRX $0.3358 +0.35%
DOGE $0.0794 -1.62%
ADA $0.2208 -1.97%
BCH $274.72 -0.86%
LINK $11.96 -3.61%
HYPE $78.81 -0.23%
AAVE $153.85 -2.74%
SUI $0.9871 -3.85%
XLM $0.1777 -2.22%
ZEC $1,150.41 -3.35%
AAPL $343.56 -0.54%
AMZN $249.44 -1.95%
GOOGL $340.01 -1.37%
MSFT $528.38 -0.64%
META $707.99 -1.96%
NVDA $214.44 -1.45%
TSLA $352.20 -2.21%
SNDK $1,295.68 -3.57%
INTC $89.22 -2.77%
SPCX $145.63 -0.27%
MU $875.66 -2.93%
AMD $528.51 -2.88%

anto

All
Article
Flash

first_img DRW and Marex completed the first on-chain bond index swap on the Canton network

According to The Defiant, trading firm DRW executed a total return swap with Marex on the Canton network through Derivnex, referencing the on-chain corporate bond benchmark from S&P Dow Jones Indices. S&P Dow Jones Indices announced this transaction with Kaiko on October 13.The swap was provided by Marex, with DRW as the counterparty, referencing the iBoxx USD Liquid Investment Grade Index, which tracks investment-grade corporate bonds that are dollar-denominated and have good liquidity. The swap provides both parties with exposure to the index without holding the underlying bonds. The transaction will synchronize events such as valuations during the contract's duration between both parties, and plans to migrate margin, collateral, and contract payments to the same infrastructure will be advanced in subsequent phases.Kaiko's tokens combine benchmark data with access permissions and usage rules, retaining the authorized control of S&P Dow Jones Indices, and distributing signed official index values for Derivnex to use for valuation. Derivnex expresses the transaction terms in the form of Canton smart contracts and introduces a universal domain model standard for derivatives trading. DRW founder and CEO Don Wilson stated that both parties can "work off the same record, thereby simplifying the process," and noted that once cash and collateral flows are integrated, more transactions are expected to achieve greater efficiency.

first_img Senator writes to Cantor, inquiring about the relationship with Tether

On October 8, 2026, Senator Richard Blumenthal, the chief member of the minority party of the U.S. Senate Permanent Subcommittee on Investigations, sent a letter to Cantor Fitzgerald Chairman Brandon Lutnick, requesting the preservation of documents and answers regarding the company's relationship with the stablecoin issuer Tether. The deadline for responses to the five-page letter is October 23, 2026. This request comes from the minority party of the subcommittee, is part of an investigative inquiry, and is not a law enforcement order, nor does it constitute a determination against Cantor, nor does it alter the operation or redemption of USDT.The letter states that since President Trump took office again, the valuation of Cantor's 5% stake in Tether has risen from $600 million to an estimated $10 billion, with Cantor earning tens of millions of dollars each year for holding assets on behalf of Tether; former Cantor Chairman and current Secretary of Commerce Howard Lutnick has profited over $250 million during the same period, including a $192 million distribution from Cantor. The page notes that the above content reflects allegations and estimates made by the senator, and does not represent conclusions drawn from this request. Blumenthal also wrote that Tether claims to operate in El Salvador, but the vast majority of its assets are in the U.S., held by Cantor.

first_img Canton CEO: The cryptocurrency industry needs to solidify adoption before 2028 to withstand shifts in U.S. policy

Digital Asset co-founder and CEO Yuval Rooz stated at the Token2049 conference in Singapore that the crypto industry should leverage the current regulatory environment to accelerate institutional adoption, believing that the widespread use of blockchain will make it harder for future governments to reverse industry progress. He compared this opportunity to Uber and Airbnb, stating that both companies had established themselves before policymakers effectively restricted them, saying, "By the time people react and decide to legislate against these companies, it will be too late."Rooz indicated that the industry should ensure blockchain is widely used so that no matter what happens in 2028, "there is no turning back." The next U.S. presidential election is scheduled for November 7, 2028, which may bring changes in government and regulatory priorities. This statement comes in the context of the CLARITY Act failing to advance in the Senate procedural vote in September, while the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have been advancing crypto regulation based on existing authority.In the same Token2049 panel discussion, Binance co-CEO Richard Teng expressed hope that the CLARITY Act could still become law, believing that legislation could prevent regulatory backtracking and encourage institutional entry, calling the possibility of reversing current progress the industry's "greatest fear." Franklin Templeton CEO Jenny Johnson stated that legislation would provide greater certainty, but the industry should not rely on the passage of the CLARITY Act, as the SEC and CFTC are already working to provide regulatory clarity to sustain innovation and institutional adoption.

first_img Kalshi permanently banned former Congressman George Santos for manipulating the attendance prediction market for the State of the Union address

The prediction market platform Kalshi has permanently banned former U.S. Congressman George Santos and fined him $71,356 for manipulating a market related to his attendance at the State of the Union address, profiting nearly $18,000. This is the first time the exchange has imposed a lifetime ban on a former member of Congress.According to a disciplinary notice issued by Kalshi's compliance department on August 28, Santos conducted multiple large transactions in this market between February 2 and 25. Since he was able to influence the outcome, exchange rules prohibited him from participating in trading. He subsequently issued a series of public statements regarding his attendance, some of which were false or misleading, intending to drive price movements in the "Yes" and "No" contracts. The compliance department determined that these statements did indeed manipulate prices, allowing him to profit $17,839.57 in the relevant market, violating multiple rules regarding market manipulation, influencing trading outcomes, and using deceptive practices, and he faced additional penalties for failing to cooperate with the investigation.The prediction market allows users to bet on the outcomes of real-world events such as elections, sports, and economic data by purchasing "Yes" or "No" contracts. As event contracts have become mainstream, Kalshi and its crypto-native competitor Polymarket have seen a surge in trading volume over the past year, attracting significant institutional interest.

first_img Kalshi permanently banned former Congressman Santos for his involvement in trading based on the State of the Union address

According to The Block, the prediction market platform Kalshi has permanently banned former U.S. Congressman George Santos, marking the first time the platform has imposed a permanent ban on an individual. According to a disciplinary action and settlement notice submitted on Monday, Santos violated platform rules by trading on a prediction contract regarding whether he would attend the State of the Union (SOTU) address and was fined over $71,000.Previously, the Commodity Futures Trading Commission (CFTC) accused Santos of using his public statements made two weeks before the SOTU to influence the prices of related event contracts and reached a $35,000 settlement with him. Santos's lawyer stated that he had booked a hotel and flight to Washington, believing he would attend the event. Santos served as a congressman representing New York from January 2023 until the end of the year, when he was expelled for ethical violations.As the prediction market grows to billions of dollars, concerns about insider trading are increasingly being raised. The CFTC recently fined former White House teleprompter operator Gabriel Perez $172,000 for profiting in Kalshi's "mention market" by using advance access to Trump's speech content. Legislators have proposed several bipartisan bills to restrict trading on non-public information, but they have not yet passed; platforms like Kalshi and Polymarket are taking preventive measures, such as requiring employment verification for sensitive market traders.

first_img World Liberty Financial issues the stablecoin USD1 natively on the Canton Network

World Liberty Financial announced that its USD stablecoin USD1 has been natively issued on the Canton Network, allowing institutions to use the stablecoin for settling transactions involving tokenized real-world assets (RWA). According to the announcement, USD1 can serve as the cash leg for transactions such as derivatives collateral, institutional lending, and asset issuance and redemption. The native issuance enables it to settle in sync with tokenized assets within the same transaction, while maintaining Canton’s privacy and permission control mechanisms.According to DeFiLlama data, USD1 has a market capitalization of approximately $4.05 billion, making it the sixth-largest stablecoin, issued and managed by BitGo Bank & Trust for its reserves and minting redemption processes. USD1 was launched in March 2025, with reserves including short-term U.S. Treasury bills, government money market funds, and dollar deposits. World Liberty Financial is a crypto project supported by the Trump family, founded in 2024.Canton is a public blockchain aimed at institutional finance, issuing or processing over $90 trillion in tokenized assets monthly, with over $350 billion in on-chain U.S. Treasuries flowing through its network daily. Zak Folkman, co-founder and COO of World Liberty Financial, stated that institutions have put trillions of dollars in U.S. Treasuries and government debt on-chain, but the dollar settlement still relies on outdated infrastructure. The combination of Canton and the native USD1 allows real-world assets to complete dollar settlements with greater speed and privacy.

Cantor Fitzgerald plans to open the Kalshi prediction market to its institutional clients

According to The Wall Street Journal, Cantor Fitzgerald plans to open the Kalshi prediction market to its approximately 3,000 institutional clients, including family offices and hedge funds, allowing them to trade event contracts related to weather, commodities, and corporate performance. Susquehanna International Group will provide quotes and liquidity for the related trades.Cantor will act as a broker, buying and selling large event contracts for clients and may distribute related positions to other investors through private negotiations. Cantor Co-CEO Pascal Bandelier stated that hedge funds have expressed interest in trading event contracts linked to iPhone sales, rather than indirectly betting on volume changes through Apple's stock price; family offices are focused on using contracts related to weather, crop yields, and oil prices for risk hedging.Joe Grubb, Head of Business Development at Susquehanna Predictions, mentioned that AI supply chain risks and computing power prices could also become application scenarios for the prediction market. Institutional clients can also propose new market themes based on their needs, and the relevant companies have discussed the types of contracts they hope to launch with investors.Kalshi has been intensifying its efforts to expand institutional clients in recent months, having completed its first large transaction this year and reached a partnership with Interactive Brokers. Max Crowley, Vice President of Business Development at Kalshi, stated that there is already a demand from institutions for hedging specific event risks.
app_icon
ChainCatcher Building the Web3 world with innovations.