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SkyAI faces pressure from major shareholders to hold accountable for SOL's liquidation decision, while Korea's Meritz Securities partners with Optimism to explore tokenized infrastructure

According to BBX data, yesterday global publicly listed companies in the U.S. stock market and mainstream financial institutions disclosed the latest developments in the disposal of crypto asset treasury, corporate governance accountability, and Layer 2 security tokenization cooperation. The core information is as follows:Shareholder Bastion Trading, holding approximately 9.99% of SkyAI shares, issued a statement pressuring for accountability regarding the liquidation of SOL and demanding a board restructuring: Major shareholder Bastion Trading, which holds approximately 9.99% of the NASDAQ-listed company SkyAI (NASDAQ: $SKYA), officially released a statement requesting that SkyAI's Executive Chairman Paul K. Danner III and three directors Soren Bo Christiansen, Timothy J. Ruemler, and Jason L. Monroe publicly explain their specific roles in evaluating, approving the takeover offer, and overseeing the complete liquidation of SOL, including who authorized and supervised the liquidation, reviewed the timing of the transaction, execution methods, counterparties, and transaction costs.Meritz Securities of South Korea signs MOU with Optimism Foundation to explore tokenized financial asset clearing based on OP Stack: South Korea's mainstream financial institution Meritz Securities announced the signing of a memorandum of understanding (MOU) with the Optimism Foundation. The two parties will jointly study the issuance, clearing, and distribution framework of tokenized financial assets based on OP Mainnet and other OP Stack networks, deeply exploring the commercial viability of using Ethereum public Layer 2 as a financial-grade distribution and clearing infrastructure. Meritz Securities stated that it will focus on exploring tokenized financial products based on high-quality local assets within the legal and licensing compliance framework, and will promote implementation in conjunction with the progress of South Korea's security token offering (STO) regulations. Previously, KB Securities and DB Securities in South Korea have also successively accessed the OP Stack ecosystem to explore related tokenization businesses.

ARK Invest released the Q3 DeFi report: stock tokenization has become the main driving force behind the recovery of on-chain trading activities, accounting for approximately 9% of spot DEX trading volume

ARK Invest's Q3 2026 DeFi report shows that stock tokenization has become the main driving force behind the rebound in on-chain trading activity for the quarter. The trading volume of tokenized stock spot DEX reached approximately $50 billion, about 9 times that of the previous quarter, with its share of total spot DEX trading volume rising from about 1% to around 9%. Overall, DEX spot trading volume increased by approximately 13% quarter-over-quarter to $571 billion, marking the first growth in nearly four quarters.Robinhood Chain achieved approximately $65 billion in DEX trading volume and $51 million in network revenue in its first quarter, with network revenue nearing the level of BNB Chain during the same period. However, ARK expects that recent adjustments to the Gas mechanism will cause the chain's revenue to decline from current levels. The total supply of stablecoins decreased by about 3% quarter-over-quarter to $309 billion, but adjusted trading volume increased by approximately 16% quarter-over-quarter to $781 billion, with the number of monthly active addresses growing by about 39% to 73 million.In the perpetual contract DEX, there is a divergence between open positions and trading volume: the value of open contracts increased by about 76% quarter-over-quarter to $24 billion, while quarterly trading volume decreased by about 16% to $1.4 trillion. Among them, Hyperliquid's open contract value is about $13 billion, accounting for approximately 53%. ARK believes this indicates fewer but larger positions held for longer durations.

Vitalik compared the mining costs of BTC and the inference costs of AI: the former has electricity costs accounting for nearly half, while the latter relies more on capital expenditures for computing power

Ethereum co-founder Vitalik Buterin shared that the cost of Bitcoin mining is roughly half derived from capital expenditures on computing power equipment and the other half from electricity consumption; in contrast, the cost of AI inference is almost entirely dominated by capital expenditures on computing power. This difference reflects the distinct cost structures of the two computing businesses. Bitcoin miners need to continuously pay for electricity and determine their profit margins based on mining machine efficiency, coin prices, and network difficulty changes; AI inference, on the other hand, relies more on investments in expensive hardware like GPUs, as well as equipment utilization and computing efficiency.The industrial boundaries of both are also changing. As the demand for AI computing power grows, some Bitcoin mining companies are beginning to shift their existing electricity resources and data center facilities towards AI and high-performance computing businesses, hoping to transition from pure mining to computing infrastructure services. Some mining companies are leveraging previously allocated electricity capacity for mining to enter the AI data center market. However, transformation does not mean that cost pressures disappear: mining operations are more directly exposed to fluctuations in electricity prices and Bitcoin prices, while AI computing businesses must bear risks related to GPU procurement, depreciation, and underutilization. Both types of businesses compete for electricity and computing resources, but ultimately, profitability depends on how these resources are converted into revenue.

first_img The Central Bank of Russia prohibits withdrawing funds from regulated cryptocurrency accounts to self-custody wallets

On October 12, the Central Bank of Russia clarified in its updated guidelines that individuals are not allowed to withdraw cryptocurrency from regulated digital accounts to self-custodied wallets. The Central Bank stated that this restriction is based on Article 31(9) of the new Russian cryptocurrency market law (Federal Law No. 282-FZ), which will take effect on September 1, 2026. Digital accounts are statutory accounts used to record crypto assets, and digital custodians are registered institutions that register and transfer these assets and provide access to wallet addresses.This restriction applies to the withdrawal of funds under the regulated custodial system in Russia. For withdrawals from ordinary investment accounts, the rules cover resident individuals and do not provide exemptions for qualified investors. According to Article 31, individuals who pass the required tests and receive risk disclosures can transfer cryptocurrency to wallets managed by legally authorized foreign custodians, which is different from withdrawing to personal wallets outside of institutional custody. The law also sets exceptions for foreign trade settlements and mining.The Central Bank also stated that transfers between individuals using addresses managed by digital custodians are not allowed, including transfers generated from transactions between individuals. The aforementioned provisions belong to the general cryptocurrency market law and are not rules applicable only to participants in experimental projects. The Central Bank indicated that direct peer-to-peer transactions between individuals are only permitted until July 1, 2027, when Article 30(1) will take effect; thereafter, residents who are not authorized as intermediaries in the cryptocurrency market must complete transactions through or with the participation of authorized intermediaries, with optional channels including licensed brokers and operators of cryptocurrency exchanges listed in the Central Bank of Russia's registry.
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