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According to The Block, banking giant BNY will adopt the validator infrastructure of staking service provider Figment to support its staking business. Eligible institutional clients can stake assets within the platform through BNY's existing digital asset custody services.Figment stated that BNY's staking clients include asset management companies, ETF issuers, corporations, and wealth management institutions. Qualified clients can earn staking rewards on supported assets on the platform. A Figment spokesperson told The Block that ETH will be supported initially, followed by an expansion to SOL, although no specific launch date has been announced.Ralf Roth, head of BNY's digital asset custody, stated that as institutional participation in staking increases, the focus is shifting from whether staking can be accessed to how staking is delivered. Providing staking services in a trusted custody framework with Figment allows institutions to have more confidence in their participation methods and meets their standards for security, oversight, and accountability.Josh Deems, head of revenue at Figment, stated that Figment is bringing its validator infrastructure and staking experience to BNY's digital asset custody platform, providing institutional clients with another way to participate in staking within existing platforms and service processes.BNY launched its digital asset custody services in October 2022, initially accepting Bitcoin and Ethereum from a limited number of clients. Last month, BNY expanded its custody agreement with Ripple to cover XRP and RLUSD, and plans to allow BNY clients to mint and redeem RLUSD through the bank.Coinbase Prime integrated Figment's Ethereum staking services in early 2024, and when the two announced an expansion to networks such as Solana, Cardano, and Sui in October 2025, they stated that the partnership had facilitated over $2 billion in asset staking. Figment claims it has provided staking services to over 1,500 institutions, including asset management companies, custodians, exchanges, and wallets.

Telegram founder Pavel Durov stated on his Telegram channel that over 1 million self-hosted Gram wallets have been activated on Telegram in the past 48 hours.

The GMGN APP team leaderboard announces the entry of Chengdu Group CDC, KONOHA, Nobody, and HIDEOUT.As of now, the members of Chengdu Group CDC have a total career profit of 6.67 million USD. The members of KONOHA have a total career profit of 2.91 million USD. The members of Nobody have a total career profit of 2.86 million USD. The members of HIDEOUT have a total career profit of 80,000 USD.

According to market news, Deutsche Bank's custody services for German institutional and corporate clients are now online, supporting BTC, ETH, and some stablecoins like USDC under BaFin/MiCA authorization.The bank employs a multi-layer control mechanism to manage keys and plans to expand to Asia and launch tokenization services by 2027. This service aligns with its goal of achieving an 8% compound annual growth rate in corporate banking by 2028, but the initial scope is limited, not aimed at retail users, does not provide deposit guarantees, and trading functionality has not yet been confirmed.

According to Decrypt, Chainlink and Moody's Ratings have completed a pilot project demonstrating how to simultaneously distribute credit ratings across multiple blockchains. The test was announced on Tuesday, using Chainlink's cross-chain interoperability protocol CCIP to distribute Moody's ratings to both permissioned and permissionless chain networks.The pilot operates through Moody's Ratings Token Integration Engine TIE, which was built by the 125-year-old rating agency to disseminate credit assessments and related data in a blockchain environment. Both parties stated that the pilot proves that ratings can be transmitted across chains through a single interoperability layer while retaining Moody's existing publishing and governance processes. Moody's has rated or assessed over 70 digital issuances, including digital bonds and tokenized funds, from January 2017 to October 2026.Johann Eid, Chief Business Officer of Chainlink Labs, stated that as more financial assets go on-chain, credit intelligence must flow cross-chain and accompany every rating change. Fabian Astic, Global Head of Digital Economy at Moody's, believes that the future of tokenized finance is unlikely to exist solely on a single blockchain, platform, or market infrastructure.This pilot runs entirely on a testnet using representative test data and has not published any actual rating actions on-chain; it is a proof of concept rather than a live product. Previously, Moody's launched TIE on the institutional-grade Canton Network and subsequently expanded to Solana.

According to Bloomberg, the American defense technology startup Shield AI plans to acquire radar sensor company Echodyne for $5.3 billion, which includes $4.8 billion in cash and equity, as well as an additional $500 million contingent on the achievement of milestones by Echodyne.Shield AI will also raise $2.5 billion in new funding to support the acquisition, which includes $1 billion in structured equity financing provided by Blackstone and $500 million in debt financing provided by JPMorgan Chase. Along with the previously completed $1 billion Series H financing, the company's valuation will reach $28.8 billion, more than doubling from a valuation of $12.7 billion in March. This financing will be in place after the acquisition is completed. Shield AI was founded in 2015 and primarily develops AI software systems called Hivemind for autonomous aircraft.

GoPlus Security issued a security alert stating that the security organization SEAL recently reported multiple cases of asset loss among users of self-hosted wallets on iOS, involving several users. Users are reminded to update their iPhones to the latest iOS version as soon as possible and to check if any malicious applications are installed on their devices.During the period from October 28 to November 3, six related reports were received, with losses amounting to approximately $127,000, compared to four reports and about $434,000 the previous week. The related attacks are suspected to be associated with exploitation tools targeting wallet applications, such as DarkSword and Coruna, with victims mainly from Russia, Ukraine, and Kazakhstan.

According to official news from Bitget, the platform announced the launch of the Open Custody Network (OCN). With the core concept of "Assets in Bank, Tradings on Bitget," it aims to connect banks, custody companies, and other professional financial institutions with Bitget's trading infrastructure. This network integrates core capabilities such as independent asset custody, bank and institutional-level security guarantees, integrated trading services from exchanges, and capital efficiency, breaking the traditional model of centralized exchanges that concentrate asset custody and trading on the same platform.OCN utilizes an asset mapping mechanism to open up the channels between independent asset custody and trading services, allowing all eligible users to participate in Bitget's spot, leveraged, and contract trading while retaining independent custody rights over their assets. This provides access to exchange-level liquidity and integrated trading services, further lowering the barriers to trading participation and enabling more users to access financial services in a more equitable manner.Bitget CEO Gracy Chen stated that OCN aims to break the traditional model where users must custody their assets with an exchange to use its trading services, allowing users to enjoy high-quality liquidity and efficient capital utilization while independently choosing their asset custody methods, making financial services more open and inclusive.

According to the Hong Kong News Bulletin, the main forum of Hong Kong FinTech Week x StartmeupHK 2026 concluded on November 3 at the Hong Kong Convention and Exhibition Centre. The Deputy Secretary for Financial Services and the Treasury, Chan Ho Lam, stated: "Certainty plays a key role in innovative development. Under the direction of the 'Hong Kong Digital Asset Development Policy Declaration 2', we will establish a licensing system for virtual asset trading, custody, advisory, and management services, and submit a draft amendment to the Legislative Council in 2026 to clarify the compliance path for the market."In addition, during the panel discussion, the Chief Executive Officer of the Securities and Futures Commission, Ashley Alder, elaborated on the SFC's strategic vision, pointing out that artificial intelligence and tokenization will empower the development of Hong Kong's financial market, but it is essential to protect investors and maintain market integrity at the same time. Ashley Alder also noted that in the face of increasingly severe threats related to artificial intelligence, the industry must enhance cyber resilience. Regarding tokenization, she believes that achieving true scale effects hinges on integrating it into market operations, bringing substantial benefits through improved efficiency, accessibility, liquidity, and settlement speed. The Chief Executive of the Hong Kong Monetary Authority, Eddie Yue, stated that Hong Kong has the advantage to seize new growth opportunities brought by financial technology. With the good progress made under "FinTech 2030," banks and fintech companies will be able to utilize data, artificial intelligence, tokenization, and other emerging technologies more effectively.

The NEAR Protocol governance body House of Stake passed the HSP-029 proposal with approximately 99.96% support, with a voting power of 3.29 million veNEAR. The proposal aims to gradually reduce the annual token issuance cap from 2.5% to 1.6% over 24 months, with an average monthly decrease of 0.0375 percentage points. The proposal was initiated by Sal Ternullo, CEO of the Nasdaq-listed company SVRN, and only adjusts one protocol parameter, while the existing distribution ratio remains unchanged: 90% of newly issued tokens are allocated to staking participants, and 10% go to the treasury.The proposal also requires approval from the House of Stake Security Committee and will be implemented after a preparation period of about 90 days and once validators complete the protocol upgrade. The model estimates that, based on the original issuance cap, approximately 11.8 million NEAR could be issued less in the first two years after implementation, and about 66.1 million less over six years. After full implementation, the daily issuance is expected to decrease from about 89,500 to 57,300; under the assumption of similar staking participation rates, the gross staking yield is expected to drop from 5.268% to 3.372%, and validator commission income is expected to decrease by 36%.

The cryptocurrency custody institution BitGo has added a Stacks Bitcoin staking feature to its qualified custody services. Eligible institutions are required to allocate 5% of their Bitcoin holdings in STX to participate in staking paired with BTC.This staking form is a bond with a term of approximately six months, funded by Stacks miners. Stacks is a smart contract network built on Bitcoin. After the launch of this feature, institutional clients can complete related staking operations within BitGo's qualified custody framework.

According to a report by South Korea's News1, industry sources say that the Financial Services Commission (FSC) of South Korea held an emergency security inspection meeting on November 2 with major cryptocurrency exchanges and custodians, using the Binance theft incident as an opportunity to discuss increasing the proportion of cold wallet custody at exchanges. The current proposal is to raise this proportion from the 80% stipulated by the existing Virtual Asset User Protection Act to around 99%, which is maintained by some large exchanges.It is reported that the cold wallet custody ratio of Upbit user assets exceeds 99%, Bithumb is about 94%, Coinone is 85%, and exchanges like GOPAX are just above 80%. Industry insiders warn that increasing the ratio will reduce the assets available for immediate withdrawals in hot wallets, which may lead to withdrawal delays and increase the operational burden on small and medium-sized exchanges. In August of this year, Bithumb experienced delays of about 13 hours for withdrawals of some altcoins due to insufficient hot wallet balances. This proposal is still under discussion and has not yet been finalized.

Matthew Sigel, the Head of Digital Asset Research at VanEck, stated that Citigroup Wealth released a report titled "Expanding the Investable Universe: A Guide to Crypto ETFs," recommending spot BTC and ETH ETFs to suitable clients as a way to allocate digital assets through regulated brokerage accounts beyond stocks and bonds. Additionally, on August 18, Citigroup announced that its new Custody+ platform will begin holding Bitcoin for institutional clients this year.Sigel noted that this will make Citigroup the 6th bank among the 29 global systemically important banks to have launched or announced institutional Bitcoin custody, following BNY, Standard Chartered, Société Générale, State Street, and Deutsche Bank. BNY, Standard Chartered, and SG-Forge have been licensed and are serving institutions, while Deutsche Bank stated it will launch within weeks, and JPMorgan has indicated it will not provide custody at this time. Sigel mentioned that last week's Binance hacking incident may be one reason for Citigroup not announcing the timeline, as he heard the service was originally set to launch last week.

As of 1:42 AM Beijing time, 100 million XRP (worth approximately 125 million USD) has been locked in Ripple's custody account.

Standard Chartered Bank has announced that it is providing digital asset custody services in Luxembourg and the Dubai International Financial Centre (DIFC).The bank's authorized partnership with LMAX covers its Luxembourg entity and Dubai branch. Additionally, an independent collateral link will allow clients to trade using tokens held in the bank's custody.

Steve Gregory, the CEO of Binance.US, stated that the funds of Binance.US users are completely independent and not affected by this incident. He also emphasized that Binance.US and Binance are entirely separate entities, and there are no shared asset custody arrangements between the two.

The issuer of synthetic US dollars USDe, Ethena, stated in a post on X that it is aware of potential security incidents related to Binance. Ethena indicated that all collateral with exchange exposure is held with an off-chain custodian, rather than directly on the exchange itself. Ethena mentioned that updates will be provided through its official account once more details about the incident are known.Subsequently, Ethena added that the total unrealized profit and loss exposure to Binance amounts to approximately 8.8 million dollars, significantly lower than the excess reserve fund of over 60 million dollars. Ethena stated that information regarding collateral and reserve funds can be found on its transparency page, and it will provide reserve proof executed by multiple external agencies within a few hours, published in that discussion thread.On the same day, Binance announced that it is investigating reports of potential security issues and will release verified information through official channels. Binance co-founder Changpeng Zhao stated that the situation appears to be an attack on Binance and expressed expectations that user funds will be fully covered.

Google has launched a Multi-Party Computation (MPC) custody platform aimed at banks and financial institutions to protect cryptocurrencies and tokenized assets. The platform disperses shares of private keys across different environments, preventing any single participant from having complete control over the private key; before transaction signing, it can also verify spending limits, approved addresses, and multi-party authorization requirements according to institutional rules.This service is currently in a private preview phase and is planned to be commercially available in early 2027. Google stated that several large financial institutions are participating in the testing; Alphabet has used this technology to protect its digital assets on Solana and Ethereum, but has not disclosed the list of held assets or testing institutions.

According to CoinDesk, Google will launch its Google Multi-Party Compute (MPC) security service at the first digital asset seminar held in New York on Wednesday, helping financial institutions such as banks to store and transfer cryptocurrencies and tokenized assets.The product is currently in a private preview phase, with several financial institutions testing it. Its parent company, Alphabet, has used it to protect its digital assets on Ethereum and Solana, with plans for commercial use in early 2027, and pricing has not yet been disclosed. The system splits private keys into multiple shards, which are stored across different systems, requiring checks against pre-set institutional rules before transaction signing, and supports ECDSA and Ed25519 algorithms.

According to Solid Intel, Brazil's largest bank Itaú Unibanco has become the first bank to officially engage in cryptocurrency trading and custody services under the new regulations set by the Central Bank of Brazil. The bank has reported the relevant business to the Central Bank of Brazil on Tuesday, ahead of the deadline of October 30.