OceanPal raises $120M to launch NEAR-focused digital asset treasury

Nasdaq-listed OceanPal Inc. has raised $120 million through a private investment in public equity deal to launch SovereignAI, a new subsidiary focused on commercializing the NEAR Protocol and developing AI infrastructure. According to a Tuesday announcement, SovereignAI will implement a crypto treasury strategy, with plans to acquire up to 10% of the NEAR (NEAR) token supply. The move, developed in partnership with the NEAR Foundation, makes OceanPal a public vehicle for exposure to the crypto protocol’s native token. OceapPal said the partnership with the NEAR Foundation is based on a…

Polymarket Will Likely Start Initial US Relaunch in November: Report

Prediction platform Polymarket is reportedly eyeing launching trading services in the United States in a matter of weeks. According to a Tuesday Bloomberg report citing people familiar with the matter, Polymarket plans to initially launch limited trades available to US residents before the end of November, with an emphasis on sports betting.  The relaunch report came about two months after the US Commodity Futures Trading Commission (CFTC) said it had issued a no-action letter to a crypto derivatives exchange and clearinghouse acquired by Polymarket. This move set the stage for…

Bitwise Solana Staking ETF Launches with $223M Inflows

Investor appetite for staking-focused exchange-traded funds (ETFs) in the United States appears strong, with Bitwise’s new Solana product seeing substantial inflows on its first day of trading. The Bitwise Solana Staking ETF (BSOL), which began trading on Tuesday, has already attracted roughly $222.8 million in assets, according to Bloomberg Intelligence senior ETF analyst Eric Balchunas. Balchunas characterized the size as significant for a newly launched crypto ETF, indicating increasing institutional engagement and confidence in staking strategies. Source: Eric Balchunas Bitwise previously launched a Solana staking exchange-traded product in Europe last…

Coinbase, Figment Expand Institutional Staking Access

Institutional staking provider Figment has expanded its integration with Coinbase, allowing the exchange’s institutional clients to stake a broader range of proof-of-stake (PoS) assets directly from Coinbase Custody — a move that could drive adoption beyond Ethereum. Through the integration, Coinbase Prime customers can now use Figment’s staking infrastructure to access additional PoS networks, including Solana (SOL), Sui (SUI), Aptos (APT), Avalanche (AVAX) and others, the companies announced Tuesday. The partnership, which began in 2023, has already facilitated more than $2 billion in staked assets through Coinbase Prime. Source: Figment…

French Gov’t Set to Review Motion to ‘Embrace Bitcoin and Cryptocurrencies’

Lawmakers in France are set to review a proposal that could have significant implications for the country’s adoption of digital currencies, from stablecoins to Bitcoin (BTC). In a motion for a resolution introduced on Wednesday, Éric Ciotti of the Union of the Right for the Republic led a proposal for France’s national assembly to ban the digital euro, potentially being pioneered by the European Central Bank and instead promote “the dissemination of euro stablecoins and investment in crypto-assets.” The motion cited the US’ efforts to ban central bank digital currencies…

Can Pi Network’s ISO 20022 Move Catch Up to XRP and Stellar?

What is ISO 20022, and why does it matter? ISO 20022 is a global standard that defines how financial institutions exchange information for transactions such as payments, securities and remittances. It replaces older, fragmented messaging systems with a unified, structured format that enables banks, fintech companies and payment networks across the world to communicate in the same digital language. Adopting ISO 20022 enhances cross-border compatibility by enabling secure and efficient sharing of richer, structured transaction data (such as payment purpose and sender and receiver information). This improves transparency, reduces the…

BlackRock-Backed RWA Firm Securitize Goes Public with $1.25B

BlackRock-backed real-world assets (RWA) tokenization company Securitize is going public through a merger with a special-purpose acquisition company (SPAC) at a $1.25 billion pre-money valuation. According to a Tuesday announcement, Securitize is merging with Cantor Equity Partners II, Inc. — a blank-check company sponsored by an affiliate of financial services firm Cantor Fitzgerald — to be listed on Nasdaq. The company’s co-founder and CEO, Carlos Domingo, said the company was founded “to democratize capital markets by making them more accessible, transparent, and efficient through tokenization.” Domingo said the next step…

Bitcoin Gives Traders a Wild Ride Into FOMC

Key points: Bitcoin reaches $116,000 again as volatility ramps up into the US trading session. Traders diverge on short-term BTC price action, with targets including $117,000 before Wednesday’s Federal Reserve interest-rates decision. The latest CME futures gap gains popularity as a downside target. Bitcoin (BTC) passed $116,000 after Tuesday’s Wall Street open as crypto refused to halt its Uptober comeback.  BTC/USD one-hour chart. Source: Cointelegraph/TradingView FOMC meeting injects BTC price volatility Data from Cointelegraph Markets Pro and TradingView tracked 1.6% daily BTC price upside taking BTC/USD to $116,077 on Bitstamp.…

Milei’s LLA Wins, but Still Lukewarm on Crypto

The party of Argentine President Javier Milei, La Libertad Avanza (LLA), has won the 2025 midterm elections handily. But the crypto industry doesn’t necessarily have cause for celebration. Milei endeared himself to many in the crypto space with his pro-crypto rhetoric. He has called central banks “a scam” and said that Bitcoin (BTC) was “the natural reaction against the central bank scammers.” The economist-turned-president has publicly stated that cryptocurrencies can address some of Argentina’s economic problems. He said, “There will be free competition of currencies, so if you want to…

Trump Media to Enable Prediction Markets On Truth Social

Trump Media and Technology Group (TMTG), a technology and media company co-founded by US President Donald Trump, plans to enable prediction markets on its social media platform, Truth Social. Trump’s Truth Social has partnered with Crypto.com, a major US crypto exchange, to launch the social media prediction market platform called Truth Predict, according to an official announcement on Tuesday. “For too long, global elites have closely controlled these markets — with Truth Predict, we’re democratizing information and empowering everyday Americans to harness the wisdom of the crowd, turning free speech…