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According to a report by The Block, Standard Chartered Bank has postponed its prediction for the stablecoin market to reach a scale of $2 trillion from 2028 to 2030. Geoffrey Kendrick, the bank's global head of digital asset research, stated that the $2 trillion scale estimate remains unchanged, but he believes the market will need an additional two years to reach it. Over the past 12 months, the supply of stablecoins has remained in the range of $300 billion to $320 billion, currently around $309 billion. Kendrick believes this slowdown is cyclical rather than structural, as it occurs during a period of weak activity in the cryptocurrency market.Kendrick pointed out that despite the stagnation in supply growth, the use and trading activity of stablecoins continue to rise. The on-chain original transfer amount set a monthly record of $19 trillion in May, with an average monthly scale of nearly $10 trillion this year, higher than the $4 trillion expected in 2025.The monthly average circulation velocity, which measures the number of times each dollar of stablecoin is transferred, has doubled this year to about 30 times, compared to 15 times in 2025, with USDT maintaining around 7 times, while USDC has increased from 45 times to about 80 times. Kendrick stated that the differences stem from different uses, with USDT primarily used for dollar savings in emerging markets, while USDC is more used for payments, financial transactions, and early payments between AI agents.Kendrick expects that competition in stablecoin payments and trading in developed markets will be the most intense, with potential challengers including Open USD, stablecoin infrastructure provider M^0, and the A+ network, which plans to allow banks to issue shared stablecoins and retain reserve earnings.

In a post on platform X, Saifedean Ammous, the author of the 2018 academic work "The Bitcoin Standard," stated that Bitcoin already possesses monetary functions. Holding Bitcoin is equivalent to using Bitcoin as currency. Its limited use as a payment method does not prove that its monetization process will not continue to advance. He believes that as Bitcoin matures, its volatility will be lower than that of gold, and its market capitalization will surpass that of this largest precious metal globally.Ammous's viewpoint is a response to the relevant discussions in the work "Better Money: Gold, Fiat, or Bitcoin?" by American economist Lawrence H. White. White cited content from Chapter 6 of that book on platform X, stating that Bitcoin's supply is fixed and cannot respond to changes in demand, resulting in excessive price volatility, making it difficult to become the reliable medium of exchange that people need. This is also the reason why stablecoins have surpassed Bitcoin in trading volume.Similar judgments have been made in the industry previously. In May 2025, André Dragosch, the European research director at Bitwise, told Cointelegraph that their internal forecast predicts Bitcoin will reach $1 million by 2029, at which point its market capitalization could be comparable to gold. However, Bitcoin's current market capitalization of approximately $1.6 trillion needs to grow at least 18 times to exceed gold's nearly $29 trillion market capitalization and become the largest asset in the world.

According to Hongxing News, Hong Kong actor and singer Anthony Wong recently revealed his investment losses. He stated that he lost a lot of money from buying NFTs. "I dare not tell my family about the money I've lost. My wife asks me every day how much I've lost, how many digits. I haven't said anything; I've lost more than I did when I was trading stocks." He also warned everyone not to follow his example in stock trading, as he was always thinking about getting rich overnight, which led to such significant losses.Anthony Wong was born on February 26, 1980, in Hong Kong, China. He was originally a swimmer and entered the entertainment industry in 2001.

According to Bloomberg, informed sources revealed that Bank of America will no longer act as a potential underwriter for the initial public offering of the Chinese artificial intelligence startup Dark Side of the Moon.Previously, Bank of America had engaged in discussions to serve as the overall coordinator for Dark Side of the Moon's Hong Kong IPO, but negotiations ultimately failed to reach a formal authorization. The report noted that this change comes at a time when the company is facing strict scrutiny in the United States.

According to official disclosure, Standard Chartered announced that it has received approval from the Virtual Assets Regulatory Authority (VARA) in the UAE to officially launch cryptocurrency trading solutions for professional investors in the UAE.Eligible affluent clients can buy and sell Bitcoin (BTC) and Ethereum (ETH) directly through their existing bank accounts, without the need to set up a separate wallet or use third-party platforms.

According to a report by the Korean News Agency, the Commissioner of the National Tax Service of Korea, Lim Kwang-hyun, stated during a National Assembly Finance, Economy, and Planning Committee inspection that the National Tax Service is preparing to announce taxation standards for virtual assets in November.Lim Kwang-hyun pointed out that the taxation standards for transaction types such as airdrops, hard forks, staking, and decentralized finance (DeFi) focus more on the economic substance rather than the form of the transaction, with whether it is a transfer or a loan being the key determining factor. If airdrops and hard forks have the nature of a transfer or loan, they should be considered taxable objects, while some details regarding staking still need to be discussed with the Ministry of Economy and Finance.

According to a report by Wall Street Journal, Paul Tudor Jones, the founder of Tudor Investment, stated on CNBC on Tuesday that 2027 will be very difficult for the stock market. The current supply and demand situation in the U.S. stock market is the worst since 2002, similar to the period just before the burst of the internet bubble in 1999. He plans to short the U.S. stock market for the entire year next year. His reasoning is that the buybacks and mergers and acquisitions that have supported the bull market over the past four years have continued to compress stock supply, but this logic is now reversing: large IPOs like Anthropic and OpenAI are about to come, SpaceX's issuance has just been completed, and many companies will also issue additional financing for AI development.He also listed the U.S. fiscal deficit as another major hidden danger, believing that the likelihood of the market being forced to correct is 60 to 40. Regarding crude oil, he holds a long position, believing that the U.S.-Iran conflict is unlikely to be resolved in the short term, and that oil prices still have a potential increase of 20 to 25 dollars.

Cryptocurrency analyst Darkfost stated that the Bitcoin long-term holder SOPR (Spent Output Profit Ratio) has re-established itself above the 1.1 annual average line and maintained that level, indicating that the average profit margin achieved by long-term holders over the past year is about 10%. Currently, the weekly average of BTC long-term holder SOPR is 1.25, and the monthly average is 1.16, both above the annual average, suggesting an improvement in market conditions and that long-term holders are starting to realize profits again.Darkfost pointed out that this change is worth comparing to the previous bear market: at that time, as the bear market approached its end, long-term holders also began to profit again. He believes that moderate profits in the market are a positive signal and may further boost investor expectations for the future market.

Standard Chartered Bank announced that it has launched institutional custody services for Ripple's stablecoin RLUSD through its Dubai International Financial Centre branch, supporting the operation of this stablecoin on the XRP Ledger, allowing qualified institutional clients to use its digital asset custody infrastructure.Standard Chartered plans to extend the collateral mirroring model to institutional trading company LMAX Group, allowing clients to use RLUSD as trading collateral while the tokens remain held in the bank's custody. This model enables LMAX to confirm the value of qualified RLUSD holdings without requiring clients to transfer tokens, which Standard Chartered claims reduces transfer-related risks and helps institutions manage counterparty exposure.The issuer of RLUSD, Ripple, and LMAX Group announced a partnership in January 2026 to expand the institutional use of this stablecoin. Standard Chartered stated that the new collateral functionality still needs to meet conditions such as final documentation, testing, regulatory requirements, and internal approvals.

Cryptocurrency analyst Darkfost stated that after the security incident involving Ledger dealer CryptoBilis, discussions in the community have also brought up other potentially related dealer names, including some Lazada merchants.Darkfost indicated that the full extent of the incident's impact is still difficult to confirm. Although Ledger has confirmed a connection to the CryptoBilis incident, it is still unclear whether CryptoBilis is the only affected dealer. He compiled a list of Ledger dealers that may be at risk, stating that these dealers are in close proximity and could potentially have their supply chains compromised simultaneously. However, Darkfost emphasized that this assessment is merely speculative and has not yet been confirmed.Darkfost suggested that if users have purchased Ledger devices from the relevant dealers in the past six months, they may consider transferring their assets to other secure devices until the investigation into the incident is complete. Additionally, he mentioned that users can refer to the guidelines published by security researcher MagicalTux to check their Ledger devices for any signs of tampering.

According to South Korean media Dailian, the Digital Asset Exchange Alliance (DAXA) has released the "2026 Digital Asset Policy Compilation." Professor Zhao Zaiyu from Hanyang University pointed out that since the ICO ban in 2017, domestic cryptocurrency projects in South Korea have continuously moved their issuance entities and business foundations overseas due to regulatory gaps. The token issuance of Klaytn is handled by a Singaporean entity, and Wemade's WEMIX is also issued by a Singaporean entity. Subsequently, Metabora moved to Dubai, and NeoFin relocated its foundation to Abu Dhabi, with the trend of industry outflow continuing to intensify.Experts indicate that the core obstacles are the regulatory gaps between domestic and foreign issuers and the difficulties in opening corporate bank accounts. They emphasize that "what Korea needs is not looser regulations, but clearer rules," calling for the Digital Asset Basic Law to clarify the licensing standards for issuance, custody, verification, and other business activities, and to establish special procedures for the return of core functions from overseas to the domestic market.

According to a report by Nomura Securities, the AI company Dark Moon is developing a large model with 50 trillion to 60 trillion parameters. Compared to the Kimi K3 released in July this year, the parameter scale of the new model is nearly doubled. The report states that the current biggest bottleneck is the lack of high-end training computing power, and the specific training progress is still unclear.Additionally, according to the aforementioned news, Kimi K3.1 will be released before mid-October, focusing on enhancing the Agent's ability to continuously complete long-duration tasks. The team plans to further optimize the model through post-training, computer operation records, and real task data. The related content is a paraphrase and not an official announcement from Dark Moon.

Analyst Darkfost stated that the recent demand for Bitcoin in the market has significantly improved, especially as spot demand continues to rise. Currently, the total demand for Bitcoin has returned to positive territory, exceeding 14,000 BTC, while futures demand remains relatively stable, averaging about 32,000 BTC recently.Spot demand is currently around negative 17,000 BTC. Although it is still in negative territory, it has improved significantly from negative 207,000 BTC on September 20. Darkfost believes that while the current Bitcoin price is declining, market demand is gradually recovering, which is a positive market signal.

According to The Block, Standard Chartered Bank's Singapore branch plans to provide custody services for specific crypto assets, stablecoins, and tokenized real-world assets to institutional investors.The bank stated that this service will expand its existing crypto asset custody business, which currently covers the UAE, Luxembourg, and Hong Kong.

The Cardano Foundation announced that the programmable token standard CIP-0113 has officially launched on the Cardano mainnet, allowing issuers of regulated assets such as stablecoins, tokenized funds, and bonds to directly embed compliance rules such as KYC, anti-money laundering, sanctions screening, asset freezing and confiscation, and transfer restrictions into the tokens, which will be executed by the Cardano ledger during each transfer, minting, and burning.This standard does not require a hard fork, and the tokens remain native assets of Cardano, with issuers able to update the rule modules according to regulatory changes.

Founder of Strategy Michael Saylor posted on platform X, stating that since the company adopted the "Bitcoin Standard" in 2020, the annualized return rates for MSTR, representing digital equity, and BTC, representing digital capital, have reached 52% and 38%, respectively.Michael Saylor added that both have outperformed traditional assets such as stocks, gold, real estate, and bonds during the same period, and stated, "The future of capital belongs to digital."

According to Bloomberg, cryptocurrency exchange platform OKX has completed a new round of financing with a valuation of $25 billion, with existing partners and hedge fund Qube Research & Technologies participating in the investment.OKX stated that Circle Internet Group, Ripple, and SC Ventures, the investment arm of Standard Chartered Bank, all participated in this round of financing. OKX declined to disclose the specific amount of financing but indicated that this round is an extension of the financing from March of this year. At that time, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, invested approximately $200 million in OKX at the same valuation of $25 billion.

ChainCatcher live report, at the OKX NOW Global Products and Ecosystem Conference (Singapore), Star stated that large global financial institutions from sectors such as exchanges, banks, stablecoins, payments, and quantitative finance are making equity investments in OKX, including ICE, the New York Stock Exchange, Standard Chartered Bank, Ripple, Circle, and others.He believes that the significance of this matter goes far beyond the funds themselves, "The future will not be a confrontation between crypto finance and traditional finance; every crypto company will expand into traditional finance, and every traditional finance company will invest in the crypto space. These two worlds are becoming one financial system."

According to informed sources, Dark Side of the Moon has completed its final round of private financing, with a valuation of approximately 50 billion USD, and is advancing towards an initial public offering (IPO) in Hong Kong in the first quarter of next year.Sources say that the company has also begun preparations to understand investor intentions, with preliminary talks with investors potentially starting as early as this month. Informed sources indicate that discussions are still ongoing, and the timing of the IPO may also change.