services

Amazon CEO Andy Jassy stated that due to the growing demand for artificial intelligence infrastructure, Amazon Web Services' cloud computing capacity is essentially sold out before the end of 2027, with a large number of orders pushed to 2028.

Bitcoin infrastructure company Blockstream announced the launch of consulting services for financial institutions and established an office in Lugano, Switzerland. This business enables banks, asset management institutions, and others to directly connect with Blockstream's engineering team and Bitcoin infrastructure. Blockstream Consulting Services will assist institutions in assessing, designing, and implementing Bitcoin-based financial infrastructure, as well as developing related solutions such as tokenized asset issuance and confidential settlements, covering areas such as technology strategy, system architecture, integration, and implementation.Blockstream stated that the Lugano office will serve Swiss clients, including those in Zurich, Geneva, and Zug, and will act as its European business hub, supporting client relationships, strategic partnerships, and collaboration with local financial and technology communities. The company's Chief Marketing Officer Peter Bain stated that Switzerland has a long-standing banking tradition and a regulatory framework supporting digital assets, making it an important market for Blockstream; the company aims to provide local expertise in markets where it sees demand for Bitcoin infrastructure, and the consulting business along with the Lugano office will bring customized Bitcoin solutions to European financial institutions.Founded in 2014, Blockstream's business covers Bitcoin custody, settlement, payments, asset issuance, and self-custody, with products including the sidechain Liquid Network, Elements, Simplicity, Core Lightning, Jade hardware wallet, and Blockstream App. The company has launched Simplicity smart contracts on the Liquid network and added Lightning Network support for the Jade hardware wallet. Co-founder and CEO Adam Back stated that the next phase of Bitcoin adoption is to integrate into the existing financial system, and the company's experience in Bitcoin cryptography, protocol development, and engineering can address the related complexities. This announcement did not disclose the pricing of the consulting services, the size of the Lugano office's staff, or the names of clients.

Meta Platforms Chief AI Officer Alexander Wang stated that the company plans to launch paid enterprise services and will charge sellers a commission on purchases made by users through AI agents. Additionally, there will be no advertisements placed internally within Muse, and there are currently no related plans.

According to market news, the Financial Services Commission of South Korea stated that it will study a plan to allow cryptocurrency exchanges to participate in the Security Token Offering (STO) market, including issues such as market environment, investor protection, integration of licensing systems, and dual operating licenses.The Chairman of the Financial Services Commission of South Korea, Lee Ik-hyeon, expressed support for the proposal to utilize existing exchange technology and trading infrastructure to develop the STO market, emphasizing the need to integrate the technology and trading infrastructure of existing exchanges into the token securities market.

The New York State Department of Financial Services in the United States has issued an alert regarding two critical PHP vulnerabilities, urging regulated entities to quickly identify and remediate known exploited vulnerabilities.

According to official news, the parent company of the Web3 payment integrated application Gold House has signed an agreement to acquire the Canadian MSB company THREESTONES VENTURES LTD. This transaction is currently entering the subsequent phase of the acquisition process.It is reported that this proposed acquisition is a strategic move by Gold House to expand its digital asset business, fiat-to-cryptocurrency capabilities, and cross-border payment infrastructure, aiming to further strengthen its Web3 payment ecosystem and connect digital assets with traditional financial services.Upon completion of the acquisition, Gold House plans to leverage the regulatory registration and operational capabilities of the acquired entity (subject to applicable regulatory requirements) to explore new opportunities in digital asset payments, merchant services, and cross-border settlements. As a Web3 ecosystem that integrates social networking, digital asset management, and payments, Gold House is committed to connecting digital assets with real-world commerce and expanding access to seamless, diverse payment solutions.

According to a report by the Korean News Agency, Lee Won-ik, Chairman of the Financial Services Commission, stated during a comprehensive inspection at the National Assembly's Political Affairs Committee regarding the taxation of virtual assets to be implemented next year, "Various circumstances need to be fully considered." On the same day, People Power Party member Song Yeon-sik questioned whether to abolish or postpone the taxation, stating that the nature of digital assets and policy direction have not yet been determined, and that the "Basic Law on Digital Assets" should be prioritized. Lee Won-ik responded that the relevant legislation on digital assets is in the final negotiation stage and discussions will be promoted as soon as possible; regarding taxation, opinions from various parties are diverse, and collection of opinions is still ongoing.The taxation of virtual assets in South Korea was introduced in 2020 through amendments to the Income Tax Act, having been postponed three times previously. The government is currently advancing administrative procedures according to the timeline for implementation in January next year, but some in the industry and even within the ruling party believe that due to unclear standards and insufficient infrastructure, the timing for implementation is not yet mature.

The European Commission stated that SpaceX must urgently restore all services in Ukraine.

According to BBX data, yesterday the traditional European banking system and global digital asset giants disclosed the latest developments in retail crypto financial channels and cutting-edge computing power investments, with the core information as follows:The German Savings Bank officially opens crypto trading to retail customers, initially supporting BTC, ETH, SOL, and other cryptocurrencies: The German Savings Bank Association (DSGV) announced that starting from October 19, the first batch of participating customers from the German Savings Banks (Sparkassen) can directly buy and sell cryptocurrencies through the existing bank mobile application. Each savings bank will independently decide the specific launch time, and it is expected that 30 to 40 new savings banks will be added each month thereafter, aiming for comprehensive coverage of most interested banks in Germany by the first half of 2027.Supported cryptocurrencies and fees: The initially supported cryptocurrencies include BTC, ETH, XRP, SOL, and POL. Each transaction order incurs a fixed fee of approximately $1.11 (0.99 euros);Underlying technology and compliance framework: This service is provided by DekaBank, a professional securities service provider under the savings bank group, with the underlying crypto assets being jointly compliant custodied by DekaBank and Boerse Stuttgart;Prudent business principles: DSGV clearly states that this service is only available to customers who have the willingness to make independent decisions, and the savings banks themselves do not provide any investment advice, nor will they conduct extensive active promotion across the network, and will prominently indicate the high volatility and potential total loss risks of crypto assets at the product level.Tether Capital invests in AI chip unicorn Tenstorrent's $1.5 billion Series E financing: Tether Capital, the investment arm of the global stablecoin giant, officially announced its investment in the well-known AI chip and computing architecture company Tenstorrent's $1.5 billion Series E financing. This oversubscribed financing has significantly boosted Tenstorrent's post-investment valuation to $6.2 billion. Tether's official statement indicated that this strategic investment deeply aligns with Tether's overall landscape in artificial intelligence software, robotics, and decentralized payment fields, and is highly compatible with its QVAC platform, which focuses on local AI operation on terminal devices, effectively extending its investment reach into underlying processors and cutting-edge computing hardware systems.

According to Business Insider, Amazon Web Services (AWS) is expected to acquire NVIDIA (NVDA.O) GB300 racks worth $5 billion.

According to The Defiant, the cryptocurrency exchange MEXC announced that it will terminate services for users in Russia and Belarus. Affected customers will receive a separately set deadline to close positions and withdraw assets.MEXC stated that users who have not received the relevant notice can continue to use the exchange's services, but must comply with its terms.

According to Crypto.news, Beast Holdings, associated with YouTube creator MrBeast, has submitted two U.S. trademark applications for MRBEAST FINANCIAL and BEAST FINANCIAL, covering financial services such as cryptocurrency trading, payment processing, decentralized exchanges (DEX), online banking, consumer loans, credit and debit cards, and investment management.

BlockBeats published an in-depth article titled "All in One is the Only Way Out," focusing on the industry trend of cryptocurrency trading platforms transforming into comprehensive financial services, using Gate Money as an example to analyze the development potential of integrated global asset trading, daily payments, and wealth management.The article points out that as user demands extend from cryptocurrency trading to multi-asset allocation, cross-border consumption, and idle fund management, All in One is becoming an important direction for trading platforms to explore business growth. Gate currently supports over 5,400 digital assets and 12,800 stock assets, while Gate Money further integrates multi-currency accounts, exchanges, payments, and wealth management functions, supporting over 60 currencies and planning to expand services for stocks, ETFs, and gold. At the same time, the platform connects eligible stock assets with consumption scenarios through an automatic recharge feature, with Money Earn offering an annualized yield of up to 3.6%.BlockBeats believes that as financial demands become increasingly diversified, the ability to allow assets to flow freely between investment, management, and payment, while continuously meeting users' actual needs, will become an important direction for cryptocurrency platforms to build long-term competitiveness. Gate Money not only integrates product functions but also connects global assets with real financial needs, promoting cryptocurrency platforms to extend into broader and more frequent financial service scenarios, opening new space for the evolution of the global financial service landscape and long-term industry growth.

According to The Block, the qualified Bitcoin custodian licensed in Nevada, AnchorWatch Trust Company, has officially launched Bitcoin custody services. Its custody fees are based on a fixed amount pricing model, with a maximum of $10,000 per month, and it can provide optional insurance coverage of up to $370 million for each client.Its client base includes trustees, publicly traded companies, trust institutions, and high-net-worth individuals with qualified Bitcoin custody needs.

Financial technology company Ramp announced that it submitted an application to the Office of the Comptroller of the Currency (OCC) on October 16 to establish Ramp National Trust Bank. If approved, the trust bank license will allow it to provide fiduciary investment management and digital asset custody services, bringing it under a unified federal regulatory framework.In addition, the proposed entity will not engage in accepting deposits or issuing commercial loans.

According to Philippine crypto media BitPinas, in response to CoinDesk's previous report regarding Coinsph facing the risk of license revocation due to alleged involvement in offshore betting transactions, the Philippine crypto trading platform Coinsph stated that its virtual asset service provider (VASP) license under Betur Inc. and the electronic money issuance (EMI) license of DCPay Philippines are currently both valid, and it denies providing services to non-compliant offshore betting operators.Coinsph stated that the restrictions imposed by the Philippine central bank only involve fiat currency top-ups to DCPay through InstaPay and PESONet, while cryptocurrency trading, withdrawals, and other payment services are still operating normally. The company also acknowledged that the central bank has requested it to improve its internal control measures and is currently cooperating with regulatory requirements. The Philippine central bank declined to comment on specific regulatory matters.

Cryptocurrency exchange Bitget announced that it will terminate services for certain users, with different deadlines for different accounts. According to The Defiant, Bitget's terms of service list Russia, Belarus, and Kazakhstan as prohibited jurisdictions. An affected user stated that the service deadline for their account is October 21.

Cobo Wallet announced that its App service will officially close on December 1, 2026. Users must complete the transfer of all assets by November 30 at 23:59 and update the Cobo Wallet receiving address set on other platforms.The announcement reminds users that those who do not transfer their assets within the deadline will incur account management fees. This adjustment will directly affect users who are still using the Cobo Wallet App for asset storage and receiving payments; relevant users should promptly confirm their on-chain assets, receiving addresses, and withdrawal whitelist settings on associated platforms.After the App service is closed, if there are remaining assets in the account, Cobo will charge a monthly account management fee. The management fee is calculated based on the asset type, amounting to 2% of the remaining assets in the account, with a minimum charge equivalent to 100 USD per month. Users who fail to complete the asset transfer before the App closes will be deemed to have agreed to this fee arrangement.The announcement does not specify the exact reasons for closing the service, nor does it disclose whether other products or institutional businesses under Cobo will be affected.

According to the official announcement, Upbit has listed HBD and DNT as trading warning coins, and deposit and withdrawal services have been suspended.

According to Bloomberg, Ripple's main brokerage division, Ripple Prime, is launching perpetual contracts for real-world assets (RWA) aimed at institutional clients, covering over 100 reference markets including stocks, indices, ETFs, and commodities. This product is offered through Trade.xyz on Hyperliquid, continuing Ripple Prime's previous strategy of opening up cryptocurrency perpetual contract trading to clients.This arrangement supports cross-position margin sharing. Michael Higgins, CEO of Ripple Prime International, stated that this move helps institutions improve capital efficiency and position management. Clients can pair perpetual contracts with underlying assets for basis trading or use the contracts for directional trading to gain exposure to relevant assets during traditional market closures and on weekends.In the past year, the open interest of RWA perpetual contracts on several major trading platforms has increased from nearly zero to $9 billion. Higgins also mentioned that traditional hedge funds are "very close" to directly participating in the tokenized RWA market, with the key being the establishment of infrastructure that meets their counterparty and anti-money laundering requirements.