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PANews, citing Bitcoin.com News, reported that the European Commission decided to create a cryptocurrency task force within a newly established sanctions office to address Russia’s use of digital assets to evade sanctions. It is expected to operate for 12 months.
[New M&A] Yellow Card Acquires GoMoney GoMoney is a cryptocurrency trading and payment platform that allows users to buy, sell, and transfer digital assets, and provides APIs for integrating cryptocurrency purchasing services. Source: https://yellowcard.io/zh/blog/yellow-card-acquires-gomoney-establishing-direct-operations-in-brazil
BIT(formerly Matrixport) and AMINA Hong Kong subsidiary jointly held a networking event in Hong Kong, stating that they would cooperate to expand the Swiss digital asset market.
[New Fundraising] LO:TECH Completes $12 Million Series A Funding Round, Led by MMC LO:TECH is an institutional-grade trading and market infrastructure company focused on digital assets, providing liquidity, market data, and execution services for both on-chain and centralized markets. Its core offerings include aggregating liquidity from centralized exchanges and DeFi platforms through proprietary HFT engines and virtual order books; delivering standardized real-time and historical market data via WebSocket and REST APIs; and offering execution algorithms such as VWAP and TWAP. The architecture emphasizes low latency and standardized data for institutional integration. Source:https://techfundingnews.com/lotech-12m-series-a-market-making-tokenised-assets/
According to CoinDesk, HSBC's Hong Kong dollar stablecoin RedCoin reached users in its first week after launch 50000, with a circulation of 87750000 Hong Kong dollars, and plans to expand its use cases.
Animoca Brands said that its subsidiary Animoca Asset Management has obtained a ADGM FSRA financial services licence to manage collective investment funds within ADGM or from ADGM.
HashKey Group's Xiao Feng stated that, as traditional financial institutions enter the digital asset market, the industry is shifting toward meeting institutional-grade financial needs and building scalable service capabilities.
Talis Protocol stated that its Injective marketplace and auction contracts October 31 were exploited, with approximately 5700 escrowed NFT stolen and sold. The platform has suspended the relevant functions, returned part of the NFT, and is reviewing the patched contracts and developing a return and compensation plan.
South Korea’s Gyeonggi Province has suspended research on introducing a stablecoin, saying it needs to await policy developments including the Digital Asset Basic Act. The project has not been canceled, but its originally scheduled completion in 2027 February may be delayed.
Binance says it has been in contact with the Securities Commission Malaysia and the central bank for approximately 10 months, discussing the feasibility of providing products and services locally under a license. If approved, Binance may officially re-enter the local market.
South Korea's NH NongHyup Bank signed an agreement with MoonPay and Finger to explore cross-border remittances, corporate payment settlement, and integration between digital assets and card payment infrastructure.
DigitalX It stated that as of September 30, total cash, digital assets, and investments were 60700000 Australian dollars, and it plans to seek authorization for further share buybacks. The company also stated that on October 16, it sold approximately 30 bitcoins.