OKX launches account protection program OKX Shield in the United States, offering ordinary users up to $100,000 in coverage and VIP users up to $500,000 in coverage when their accounts are compromised, with no subscription or activation fees. The program was launched in Europe last month. Andrew Cuomo, a member of OKX's board and former governor of New York State, stated that this move reflects OKX's confidence in its security system and said that OKX is transforming from a cryptocurrency compan

According to Yonhap News Agency, Kim Dong-ah, a lawmaker from South Korea's Democratic Party, criticized during a National Assembly government inspection that the trial of the KOK coin pyramid scheme fraud case, involving about 570,000 people and approximately 2.5 trillion Korean won (about 1.88 billion USD) in investment funds, has been seriously delayed. After about 24 hearings, no verdict has been reached, and the main defendant has been granted bail. Ulsan District Court Chief Judge Ryu Jin-

Blockworks Research reported that Aptos implemented a tokenomics reform in March this year, increasing Gas fees by 10 times, reducing the staking reward rate from 5.19% to 2.6%, setting the APT supply cap at 2.1 billion, and permanently locking 210 million APT. After the reform, the annualized net supply growth rate of APT dropped from about 5% to 1.5%, and the proportion of Gas burned relative to new issuance increased from 0.2% to about 10%. As the token unlock plans for investors and the team

Layer 1 blockchain Injective has signed a memorandum of understanding with South Korean digital asset custody institution BDACS to introduce BDACS-issued Korean won stablecoin KRW1 into Injective's real-world asset (RWA) ecosystem. KRW1 will serve as the exclusive Korean won-denominated settlement asset for tokenized asset trading and settlement, enabling related transactions to bypass the need for US dollar stablecoin intermediaries. KRW1 is backed 1:1 by Korean won reserves, and related mintin

Wu reported that Bitcoin sidechain Liquid Network announced on October 20 that it has entered the final phase of phased recovery, successfully deploying a new version of the consortium software, and will gradually open semi-automatic exchange services between BTC and L-BTC through related service providers, with no transaction volume limits set at the protocol level. Currently, direct withdrawal from the consortium (peg-out) is still restricted and will only reopen after Bitcoin reserves fully s

1. Swiss regulator approves first domestic Bitcoin ETF, exempts certain risk diversification rules The Swiss Financial Market Supervisory Authority (FINMA) announced on October 20 the first approval of an exchange-traded fund (ETF) directly investing in Bitcoin for retail investors. This product is classified under Swiss law as an alternative investment fund with specific risks. FINMA stated that considering Bitcoin's longer trading history and higher trading volume compared to other cryptocurre

1. Swiss regulator approves first domestic Bitcoin ETF, exempts certain risk diversification rules The Swiss Financial Market Supervisory Authority (FINMA) announced on October 20 the first approval of an exchange-traded fund (ETF) directly investing in Bitcoin for retail investors. This product is classified under Swiss law as an alternative investment fund with specific risks. FINMA stated that considering Bitcoin's longer trading history and higher trading volume compared to other cryptocurre

Wu reported that Tether Capital announced its participation in the $1.5 billion Series E financing round of AI chip company Tenstorrent. This round values Tenstorrent at $6.2 billion, though Tether's specific investment amount was not disclosed. Tenstorrent, led by renowned chip architect Jim Keller, primarily develops AI processors, servers, and open-source software, and provides chip design-related technologies to companies such as Samsung and LG. The new funds will be used to expand productio

YouTube creator MrBeast's affiliated company Beast Holdings received approval notices from the US Patent and Trademark Office on October 6 for two trademarks, MRBEAST FINANCIAL and BEAST FINANCIAL. The applications cover services including cryptocurrency trading, DEX, crypto payments, mobile banking, credit cards, and consumer loans, but the trademarks have not been officially registered, nor has there been confirmation of plans to launch a crypto exchange. In January this year, Ethereum treasur

Wu reported that the CME Group announced on October 20 that its newly launched Bitcoin Cash (BCH) and Uniswap (UNI) futures have officially started trading. Crypto asset trading company FalconX and crypto market maker GSR completed the first block trades of the two types of contracts. The products went live on October 19, offering both standard and micro contracts. The BCH standard contract is 250 BCH, and the micro contract is 25 BCH; the UNI standard contract is 10,000 UNI, and the micro contr